2024 Q2 Form 10-Q Financial Statement

#000149315224018338 Filed on May 09, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1 2023 Q1
Revenue $0.00 $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $1.374M $1.322M $1.667M
YoY Change 3.03% -20.68% 59.75%
% of Gross Profit
Research & Development $999.6K $1.025M $1.048M
YoY Change -3.06% -2.14% 240.34%
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $2.373M $2.347M $2.714M
YoY Change 0.37% -13.52% 100.89%
Operating Profit -$2.373M -$2.300M -$2.700M
YoY Change 0.37% -14.81% 99.83%
Interest Expense $48.39K $4.700K $6.138K
YoY Change 642.52% -23.43% -100.39%
% of Operating Profit
Other Income/Expense, Net $48.40K $91.19K $26.11K
YoY Change 74.83% 249.27%
Pretax Income -$2.325M -$2.256M -$2.688M
YoY Change -0.51% -16.08% -8.64%
Income Tax
% Of Pretax Income
Net Earnings -$2.325M -$2.256M -$2.688M
YoY Change -0.51% -16.08% -8.64%
Net Earnings / Revenue
Basic Earnings Per Share -$2.42 -$0.19 -$0.23
Diluted Earnings Per Share -$2.42 -$0.19 -$0.23
COMMON SHARES
Basic Shares Outstanding 11.79M shares 11.74M shares 11.51M shares
Diluted Shares Outstanding 962.1K shares 11.76M shares 460.6K shares

Balance Sheet

Concept 2024 Q2 2024 Q1 2023 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $7.896M $8.427M $3.569M
YoY Change 102.25% 136.11% -67.91%
Cash & Equivalents $7.896M $8.427M $3.569M
Short-Term Investments
Other Short-Term Assets $361.6K $460.0K $1.153M
YoY Change -48.0% -60.09% 394.35%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $8.257M $8.887M $4.722M
YoY Change 79.53% 88.21% -58.42%
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 $0.00
YoY Change
TOTAL ASSETS
Total Short-Term Assets $8.257M $8.887M $4.722M
Total Long-Term Assets $0.00 $0.00 $0.00
Total Assets $8.257M $8.887M $4.722M
YoY Change 79.53% 88.21% -58.42%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $784.0K $993.2K $719.0K
YoY Change -31.25% 38.14% 20.34%
Accrued Expenses $579.5K $527.5K $242.2K
YoY Change 753.78% 117.79% 10.66%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00
YoY Change
Total Short-Term Liabilities $1.564M $1.838M $1.521M
YoY Change 2.17% 20.82% 49.67%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $1.564M $1.838M $1.521M
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $1.564M $1.838M $1.521M
YoY Change 2.17% 20.82% 49.67%
SHAREHOLDERS EQUITY
Retained Earnings -$29.30M -$27.00M -$18.10M
YoY Change 43.63% 49.17%
Common Stock $111.00 $1.180K $1.160K
YoY Change -93.43% 1.72%
Preferred Stock
YoY Change
Treasury Stock (at cost) $69.97K $69.97K $69.97K
YoY Change 0.0% 0.0%
Treasury Stock Shares
Shareholders Equity $6.694M $7.049M $3.201M
YoY Change
Total Liabilities & Shareholders Equity $8.257M $8.887M $4.722M
YoY Change 79.53% 88.21% -58.42%

Cashflow Statement

Concept 2024 Q2 2024 Q1 2023 Q1
OPERATING ACTIVITIES
Net Income -$2.325M -$2.256M -$2.688M
YoY Change -0.51% -16.08% -8.64%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities -$2.179M -$2.800M -$3.500M
YoY Change 44.23% -20.0% 74.4%
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 1.648M $317.1K $523.4K
YoY Change -10.73% -39.41% -96.01%
NET CHANGE
Cash From Operating Activities -2.179M -$2.800M -$3.500M
Cash From Investing Activities
Cash From Financing Activities 1.648M $317.1K $523.4K
Net Change In Cash -531.4K -$2.508M -$2.941M
YoY Change -258.71% -14.73%
FREE CASH FLOW
Cash From Operating Activities -$2.179M -$2.800M -$3.500M
Capital Expenditures
Free Cash Flow
YoY Change

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CY2024Q1 us-gaap Cash Fdic Insured Amount
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CY2024Q1 us-gaap Concentration Risk Credit Risk
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CY2024Q1 us-gaap Defined Benefit Plan Contributions By Employer
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337 usd
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1819 usd
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CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
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CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
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CY2024Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
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CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Exercise Price
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
9.75
CY2024Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue
80.51
CY2023Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue
14.16
CY2024Q1 us-gaap Share Based Compensation
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CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
9.75
CY2024Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue
80.51
CY2023Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue
14.16
CY2024Q1 us-gaap Share Based Compensation
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CY2023Q1 us-gaap Share Based Compensation
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1100000 usd
CY2023Q1 THAR Upfront Payment
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CY2023Q1 THAR Milestone Payment
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1000000 usd
CY2024Q1 us-gaap Payments To Acquire In Process Research And Development
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CY2024Q1 us-gaap Payments To Acquire In Process Research And Development
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50000 usd
CY2024Q1 ecd Non Rule10b51 Arr Adopted Flag
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CY2024Q1 ecd Rule10b51 Arr Trmntd Flag
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CY2023Q1 us-gaap Share Based Compensation
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P1Y9M18D
CY2023Q2 THAR Number Of Securities Sold Percentage
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0.03 pure
CY2023Q2 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
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15.625
CY2023Q1 THAR Upfront Payment
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CY2023Q1 THAR Milestone Payment
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50000 usd
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CY2024Q1 ecd Rule10b51 Arr Adopted Flag
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CY2024Q1 ecd Non Rule10b51 Arr Adopted Flag
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CY2024Q1 ecd Rule10b51 Arr Trmntd Flag
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false
CY2024Q1 ecd Non Rule10b51 Arr Trmntd Flag
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false

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0001493152-24-018338.txt Edgar Link pending
0001493152-24-018338-xbrl.zip Edgar Link pending
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form10-q_htm.xml Edgar Link completed
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0001493152-24-018338-xbrl.zip Edgar Link pending
ex31-1.htm Edgar Link pending
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