2022 Q3 Form 10-Q Financial Statement
#000106299322017408 Filed on August 05, 2022
Income Statement
| Concept | 2022 Q3 | 2022 Q2 | 2021 Q4 |
|---|---|---|---|
| Revenue | $75.00K | $75.00K | $75.00K |
| YoY Change | -76.92% | 0.0% | 0.0% |
| Cost Of Revenue | |||
| YoY Change | |||
| Gross Profit | |||
| YoY Change | |||
| Gross Profit Margin | |||
| Selling, General & Admin | $121.3K | $130.7K | $87.88K |
| YoY Change | 3.87% | 16.53% | -7.96% |
| % of Gross Profit | |||
| Research & Development | $1.070K | $1.070K | -$2.800K |
| YoY Change | -78.34% | -60.22% | |
| % of Gross Profit | |||
| Depreciation & Amortization | $330.00 | $330.00 | $620.00 |
| YoY Change | -46.77% | -45.9% | -88.17% |
| % of Gross Profit | |||
| Operating Expenses | $143.9K | $146.7K | $85.70K |
| YoY Change | 17.67% | -1.03% | -13.09% |
| Operating Profit | -$68.91K | -$71.66K | |
| YoY Change | -136.56% | -2.08% | |
| Interest Expense | -$230.1K | -$381.9K | -$27.77K |
| YoY Change | -72.71% | -249.08% | -84.14% |
| % of Operating Profit | |||
| Other Income/Expense, Net | -$229.6K | -$381.9K | $830.00 |
| YoY Change | 52076.82% | -244.28% | -51.18% |
| Pretax Income | -$298.5K | -$453.6K | -$54.26K |
| YoY Change | -54.42% | -336.81% | -65.92% |
| Income Tax | |||
| % Of Pretax Income | |||
| Net Earnings | -$298.5K | -$453.6K | -$59.26K |
| YoY Change | -54.42% | -336.8% | -63.91% |
| Net Earnings / Revenue | -397.99% | -604.77% | -79.01% |
| Basic Earnings Per Share | -$0.01 | ||
| Diluted Earnings Per Share | -$0.01 | -$1.005K | |
| COMMON SHARES | |||
| Basic Shares Outstanding | 60.86M shares | 60.86B shares | |
| Diluted Shares Outstanding | 60.86M shares | 60.86B shares |
Balance Sheet
| Concept | 2022 Q3 | 2022 Q2 | 2021 Q4 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $840.8K | $886.2K | $1.157M |
| YoY Change | -31.11% | -14.0% | 321.88% |
| Cash & Equivalents | $840.8K | $886.2K | $1.157M |
| Short-Term Investments | |||
| Other Short-Term Assets | $37.14K | $59.88K | $18.39K |
| YoY Change | 7.16% | 24.57% | -8.64% |
| Inventory | |||
| Prepaid Expenses | |||
| Receivables | |||
| Other Receivables | |||
| Total Short-Term Assets | $878.0K | $946.0K | $1.175M |
| YoY Change | -30.06% | -12.28% | 299.28% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $281.2K | $281.5K | $282.4K |
| YoY Change | -0.65% | -0.75% | -1.0% |
| Goodwill | |||
| YoY Change | |||
| Intangibles | |||
| YoY Change | |||
| Long-Term Investments | $669.6K | $899.7K | $1.521M |
| YoY Change | -56.74% | -62.37% | -49.62% |
| Other Assets | |||
| YoY Change | |||
| Total Long-Term Assets | $950.8K | $1.181M | $1.803M |
| YoY Change | -48.07% | -55.83% | -45.45% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $878.0K | $946.0K | $1.175M |
| Total Long-Term Assets | $950.8K | $1.181M | $1.803M |
| Total Assets | $1.829M | $2.127M | $2.978M |
| YoY Change | -40.74% | -43.32% | -17.26% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $34.87K | $51.42K | $11.50K |
| YoY Change | 23.65% | -40.41% | |
| Accrued Expenses | $151.7K | $156.7K | $166.7K |
| YoY Change | -38.55% | -40.88% | -39.73% |
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $28.77K | $28.77K | $66.77K |
| YoY Change | -56.91% | -56.91% | -37.35% |
| Long-Term Debt Due | |||
| YoY Change | |||
| Total Short-Term Liabilities | $1.359M | $1.359M | $1.403M |
| YoY Change | -6.38% | -11.44% | -7.92% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Other Long-Term Liabilities | $65.00K | $65.00K | $65.00K |
| YoY Change | 0.0% | 0.0% | 0.0% |
| Total Long-Term Liabilities | $65.00K | $65.00K | $65.00K |
| YoY Change | 0.0% | 0.0% | 0.0% |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $1.359M | $1.359M | $1.403M |
| Total Long-Term Liabilities | $65.00K | $65.00K | $65.00K |
| Total Liabilities | $1.424M | $1.424M | $1.468M |
| YoY Change | -15.75% | -19.7% | -16.7% |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | -$6.370M | -$6.072M | -$5.107M |
| YoY Change | |||
| Common Stock | $60.86K | $60.86K | $60.86K |
| YoY Change | |||
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | |||
| YoY Change | |||
| Treasury Stock Shares | 11.70K shares | 11.70K shares | 11.70K shares |
| Shareholders Equity | $231.2K | $529.7K | $1.337M |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $1.829M | $2.127M | $2.978M |
| YoY Change | -40.74% | -43.32% | -17.26% |
Cashflow Statement
| Concept | 2022 Q3 | 2022 Q2 | 2021 Q4 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | -$298.5K | -$453.6K | -$59.26K |
| YoY Change | -54.42% | -336.8% | -63.91% |
| Depreciation, Depletion And Amortization | $330.00 | $330.00 | $620.00 |
| YoY Change | -46.77% | -45.9% | -88.17% |
| Cash From Operating Activities | -$45.34K | -$177.1K | -$58.96K |
| YoY Change | -52.45% | 1099.32% | -8.69% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | |||
| YoY Change | |||
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | $0.00 | $0.00 | $0.00 |
| YoY Change | -100.0% | -100.0% | |
| Cash From Investing Activities | $0.00 | $0.00 | $0.00 |
| YoY Change | -100.0% | -100.0% | |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | |||
| YoY Change | |||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | 0.000 | -38.00K | -5.000K |
| YoY Change | -100.0% | 91.82% | 0.0% |
| NET CHANGE | |||
| Cash From Operating Activities | -45.34K | -177.1K | -58.96K |
| Cash From Investing Activities | 0.000 | 0.000 | 0.000 |
| Cash From Financing Activities | 0.000 | -38.00K | -5.000K |
| Net Change In Cash | -45.34K | -215.1K | -63.96K |
| YoY Change | -123.84% | -134.98% | -8.06% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | -$45.34K | -$177.1K | -$58.96K |
| Capital Expenditures | |||
| Free Cash Flow | |||
| YoY Change |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2022Q2 | us-gaap |
Profit Loss
ProfitLoss
|
-453580 | usd |
| CY2021 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
5705000 | shares |
| CY2020Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
|
0.1 | |
| CY2021Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
|
0.1 | |
| CY2022Q2 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
usd | |
| CY2021Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
usd | |
| CY2022Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.01 | |
| CY2021Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0 | |
| us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0 | ||
| CY2022Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
60855579000 | shares |
| CY2021Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
62233399000 | shares |
| us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
60855579000 | shares | |
| us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
62472624000 | shares | |
| us-gaap |
Gain On Sale Of Investments
GainOnSaleOfInvestments
|
92685 | usd | |
| us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
158341 | usd | |
| thmg |
Amount Of Compensation Paid To The Board Of Directors
AmountOfCompensationPaidToTheBoardOfDirectors
|
13650 | usd |
