2021 Form 10-K Financial Statement
#000149315222008703 Filed on April 01, 2022
Income Statement
| Concept | 2021 | 2020 |
|---|---|---|
| Revenue | $0.00 | $0.00 |
| YoY Change | ||
| Cost Of Revenue | ||
| YoY Change | ||
| Gross Profit | ||
| YoY Change | ||
| Gross Profit Margin | ||
| Selling, General & Admin | $1.365M | $671.9K |
| YoY Change | 103.19% | 7.36% |
| % of Gross Profit | ||
| Research & Development | $847.3K | |
| YoY Change | 129.78% | |
| % of Gross Profit | ||
| Depreciation & Amortization | ||
| YoY Change | ||
| % of Gross Profit | ||
| Operating Expenses | $0.00 | $1.808M |
| YoY Change | -100.0% | 27.0% |
| Operating Profit | -$3.208M | |
| YoY Change | ||
| Interest Expense | -$831.3K | -$246.5K |
| YoY Change | 237.19% | 228.4% |
| % of Operating Profit | ||
| Other Income/Expense, Net | $1.833M | -$362.5K |
| YoY Change | -605.57% | 1269.95% |
| Pretax Income | -$2.207M | -$2.417M |
| YoY Change | -8.72% | 58.47% |
| Income Tax | ||
| % Of Pretax Income | ||
| Net Earnings | -$2.207M | -$2.417M |
| YoY Change | -8.72% | 58.47% |
| Net Earnings / Revenue | ||
| Basic Earnings Per Share | -$0.35 | |
| Diluted Earnings Per Share | -$194.2K | -$235.2K |
| COMMON SHARES | ||
| Basic Shares Outstanding | 6.357M shares | |
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2021 | 2020 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $4.360K | $191.9K |
| YoY Change | -97.73% | 401.18% |
| Cash & Equivalents | ||
| Short-Term Investments | ||
| Other Short-Term Assets | $617.3K | $103.0K |
| YoY Change | 499.63% | 3859.62% |
| Inventory | ||
| Prepaid Expenses | ||
| Receivables | ||
| Other Receivables | ||
| Total Short-Term Assets | $621.7K | $294.8K |
| YoY Change | 110.88% | 621.14% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | ||
| YoY Change | ||
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | ||
| YoY Change | ||
| Total Long-Term Assets | $0.00 | $0.00 |
| YoY Change | ||
| TOTAL ASSETS | ||
| Total Short-Term Assets | $621.7K | $294.8K |
| Total Long-Term Assets | $0.00 | $0.00 |
| Total Assets | $621.7K | $294.8K |
| YoY Change | 110.88% | 621.14% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $1.463M | $514.8K |
| YoY Change | 184.18% | 113.26% |
| Accrued Expenses | $497.8K | $121.8K |
| YoY Change | 308.6% | 58.11% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | $1.393M | $563.4K |
| YoY Change | 147.15% | 30.85% |
| Total Short-Term Liabilities | $4.534M | $2.725M |
| YoY Change | 66.35% | 141.12% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $772.9K | $1.287M |
| YoY Change | -39.94% | 141.56% |
| Other Long-Term Liabilities | ||
| YoY Change | ||
| Total Long-Term Liabilities | $772.9K | $1.287M |
| YoY Change | -39.94% | 141.56% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $4.534M | $2.725M |
| Total Long-Term Liabilities | $772.9K | $1.287M |
| Total Liabilities | $5.307M | $4.012M |
| YoY Change | 32.26% | 141.26% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | ||
| YoY Change | ||
| Common Stock | ||
| YoY Change | ||
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | -$4.685M | -$3.718M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $621.7K | $294.8K |
| YoY Change | 110.88% | 621.14% |
Cashflow Statement
| Concept | 2021 | 2020 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$2.207M | -$2.417M |
| YoY Change | -8.72% | 58.47% |
| Depreciation, Depletion And Amortization | ||
| YoY Change | ||
| Cash From Operating Activities | -$1.086M | -$1.078M |
| YoY Change | 0.72% | 52.73% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | ||
| YoY Change | ||
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | ||
| YoY Change | ||
| Cash From Investing Activities | ||
| YoY Change | ||
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | 898.8K | 1.232M |
| YoY Change | -27.05% | 73.92% |
| NET CHANGE | ||
| Cash From Operating Activities | -1.086M | -1.078M |
| Cash From Investing Activities | ||
| Cash From Financing Activities | 898.8K | 1.232M |
| Net Change In Cash | -187.5K | 153.6K |
| YoY Change | -222.09% | 6635.53% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | -$1.086M | -$1.078M |
| Capital Expenditures | ||
| Free Cash Flow | ||
| YoY Change |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2021 | us-gaap |
Stock Issued1
StockIssued1
|
USD | |
| CY2021 | HILS |
Deemed Dividend
DeemedDividend
|
USD | |
| CY2021 | HILS |
Due To Founder Converted To Note Payable
DueToFounderConvertedToNotePayable
|
USD | |
| CY2020 | HILS |
Unpaid Deferred Offering Costs
UnpaidDeferredOfferingCosts
|
USD | |
| CY2020 | us-gaap |
Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
shares | |
| CY2020 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
|
||
| CY2020 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
|
shares | |
| CY2021 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
|
||
| CY2021 | us-gaap |
Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
shares | |
| CY2021 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
|
||
| CY2021 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
|
shares | |
| CY2021 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
|
||
| CY2021 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
||
| CY2020 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
||
| CY2021Q4 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
USD | |
| CY2020Q4 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
USD | |
| CY2020 | us-gaap |
Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
|
USD | |
| CY2021 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
USD | |
| CY2020 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
USD | |
| CY2021Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
| CY2021Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
USD | |
| CY2021 | HILS |
Acquired Inprocess Research And Development1
AcquiredInprocessResearchAndDevelopment1
|
USD | |
| CY2021 | us-gaap |
Research And Development In Process
ResearchAndDevelopmentInProcess
|
USD | |
| CY2020 | HILS |
Repayments Of Deferred Offering Costs
RepaymentsOfDeferredOfferingCosts
|
USD |
