2023 Q2 Form 10-Q Financial Statement
#000106299323010719 Filed on May 11, 2023
Income Statement
| Concept | 2023 Q2 | 2023 Q1 | 2022 Q4 |
|---|---|---|---|
| Revenue | $0.00 | $0.00 | $75.00K |
| YoY Change | -100.0% | -100.0% | 0.0% |
| Cost Of Revenue | |||
| YoY Change | |||
| Gross Profit | |||
| YoY Change | |||
| Gross Profit Margin | |||
| Selling, General & Admin | $106.3K | $129.6K | $103.4K |
| YoY Change | -18.66% | -52.97% | 17.63% |
| % of Gross Profit | |||
| Research & Development | $24.58K | $18.43K | -$3.150K |
| YoY Change | 2197.2% | 1475.21% | 12.5% |
| % of Gross Profit | |||
| Depreciation & Amortization | $220.00 | $331.00 | $330.00 |
| YoY Change | -33.33% | -40.89% | -46.77% |
| % of Gross Profit | |||
| Operating Expenses | $143.3K | $213.1K | $100.6K |
| YoY Change | -2.31% | -23.12% | 17.33% |
| Operating Profit | -$143.3K | -$213.1K | |
| YoY Change | 99.94% | -21.86% | |
| Interest Expense | $194.9K | -$147.4K | $68.99K |
| YoY Change | -151.02% | -38.33% | -348.43% |
| % of Operating Profit | |||
| Other Income/Expense, Net | $195.4K | -$146.7K | -$16.05K |
| YoY Change | -151.17% | -146798.0% | -2033.73% |
| Pretax Income | $52.18K | -$359.8K | $20.00K |
| YoY Change | -111.5% | -29.68% | -136.86% |
| Income Tax | |||
| % Of Pretax Income | |||
| Net Earnings | $52.18K | -$359.8K | $19.06K |
| YoY Change | -111.5% | -29.68% | -132.16% |
| Net Earnings / Revenue | 25.41% | ||
| Basic Earnings Per Share | $0.00 | -$0.01 | |
| Diluted Earnings Per Share | $0.00 | -$0.01 | $0.00 |
| COMMON SHARES | |||
| Basic Shares Outstanding | 60.86M shares | 60.86M shares | 60.86M shares |
| Diluted Shares Outstanding | 60.86M shares | 60.86M shares |
Balance Sheet
| Concept | 2023 Q2 | 2023 Q1 | 2022 Q4 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $1.090M | $1.055M | $1.421M |
| YoY Change | 23.05% | -4.17% | 22.89% |
| Cash & Equivalents | $304.4K | $464.2K | $682.7K |
| Short-Term Investments | $786.0K | $591.2K | $738.6K |
| Other Short-Term Assets | $34.95K | $42.86K | $20.11K |
| YoY Change | -41.63% | 1291.56% | 9.35% |
| Inventory | |||
| Prepaid Expenses | |||
| Receivables | |||
| Other Receivables | |||
| Total Short-Term Assets | $1.125M | $1.098M | $1.441M |
| YoY Change | 18.95% | -0.55% | 22.67% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $290.3K | $290.6K | $280.9K |
| YoY Change | 3.12% | 3.08% | -0.55% |
| Goodwill | |||
| YoY Change | |||
| Intangibles | |||
| YoY Change | |||
| Long-Term Investments | |||
| YoY Change | |||
| Other Assets | |||
| YoY Change | |||
| Total Long-Term Assets | $321.4K | $326.2K | $280.9K |
| YoY Change | -72.79% | -79.13% | -84.42% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $1.125M | $1.098M | $1.441M |
| Total Long-Term Assets | $321.4K | $326.2K | $280.9K |
| Total Assets | $1.447M | $1.424M | $1.722M |
| YoY Change | -31.99% | -46.61% | -42.17% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $43.81K | $64.36K | $27.60K |
| YoY Change | -14.8% | 144.62% | 140.0% |
| Accrued Expenses | $136.7K | $141.7K | $146.7K |
| YoY Change | -12.76% | -42.61% | -12.0% |
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | -100.0% | -100.0% | -100.0% |
| Long-Term Debt Due | |||
| YoY Change | |||
| Total Short-Term Liabilities | $1.239M | $1.264M | $1.221M |
| YoY Change | -8.8% | -12.56% | -12.95% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Other Long-Term Liabilities | $95.13K | $100.2K | $81.25K |
| YoY Change | 46.35% | 54.12% | 25.0% |
| Total Long-Term Liabilities | $95.13K | $100.2K | $81.25K |
| YoY Change | 46.35% | 54.12% | 25.0% |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $1.239M | $1.264M | $1.221M |
| Total Long-Term Liabilities | $95.13K | $100.2K | $81.25K |
| Total Liabilities | $1.335M | $1.364M | $1.302M |
| YoY Change | -6.28% | -19.01% | -11.26% |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | -$6.659M | -$6.711M | -$6.351M |
| YoY Change | 9.67% | 24.37% | |
| Common Stock | $60.86K | $60.86K | $60.86K |
| YoY Change | 0.0% | 0.0% | |
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | |||
| YoY Change | |||
| Treasury Stock Shares | 11.70K shares | 11.70K shares | |
| Shareholders Equity | -$57.43K | -$109.6K | $250.2K |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $1.447M | $1.424M | $1.722M |
| YoY Change | -31.99% | -46.61% | -42.17% |
Cashflow Statement
| Concept | 2023 Q2 | 2023 Q1 | 2022 Q4 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | $52.18K | -$359.8K | $19.06K |
| YoY Change | -111.5% | -29.68% | -132.16% |
| Depreciation, Depletion And Amortization | $220.00 | $331.00 | $330.00 |
| YoY Change | -33.33% | -40.89% | -46.77% |
| Cash From Operating Activities | -$159.9K | -$208.5K | -$124.3K |
| YoY Change | -9.75% | 276.89% | 110.89% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | $0.00 | $10.00K | |
| YoY Change | |||
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | $0.00 | ||
| YoY Change | |||
| Cash From Investing Activities | $0.00 | -$10.00K | $0.00 |
| 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 | 0.000 | $0.00 | -33.77K |
| YoY Change | -100.0% | 575.4% | |
| NET CHANGE | |||
| Cash From Operating Activities | -159.9K | -$208.5K | -124.3K |
| Cash From Investing Activities | 0.000 | -$10.00K | 0.000 |
| Cash From Financing Activities | 0.000 | $0.00 | -33.77K |
| Net Change In Cash | -159.9K | -$218.5K | -158.1K |
| YoY Change | -25.69% | 294.96% | 147.2% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | -$159.9K | -$208.5K | -$124.3K |
| Capital Expenditures | $0.00 | $10.00K | |
| Free Cash Flow | -$159.9K | -$218.5K | |
| YoY Change |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2023Q1 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
182384 | usd |
| CY2022Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
182053 | usd |
| CY2022Q1 | thmg |
Management Service Income One
ManagementServiceIncomeOne
|
75000 | usd |
| CY2023Q1 | us-gaap |
Revenues
Revenues
|
0 | usd |
| CY2022Q1 | us-gaap |
Revenues
Revenues
|
75000 | usd |
| CY2023Q1 | us-gaap |
Exploration Expense
ExplorationExpense
|
18431 | usd |
| CY2022Q1 | us-gaap |
Legal Fees
LegalFees
|
70547 | usd |
| CY2023Q1 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
129554 | usd |
| CY2022Q1 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
275492 | usd |
| CY2023Q1 | us-gaap |
Depreciation Nonproduction
DepreciationNonproduction
|
331 | usd |
| CY2022Q1 | us-gaap |
Depreciation Nonproduction
DepreciationNonproduction
|
559 | usd |
| CY2023Q1 | us-gaap |
Operating Expenses
OperatingExpenses
|
213132 | usd |
| CY2022Q1 | us-gaap |
Operating Expenses
OperatingExpenses
|
347763 | usd |
| CY2022Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-511729 | usd |
| CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-359830 | usd |
| CY2022Q1 | us-gaap |
Exploration Expense
ExplorationExpense
|
1165 | usd |
| CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-359830 | usd |
| CY2022Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.01 | |
| CY2023Q1 | us-gaap |
Profit Loss
ProfitLoss
|
-359830 | usd |
| CY2022Q1 | us-gaap |
Profit Loss
ProfitLoss
|
-511729 | usd |
| CY2023Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.01 | |
| CY2023Q1 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
usd | |
| CY2022Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
usd | |
| CY2022Q4 | us-gaap |
Treasury Stock Shares
TreasuryStockShares
|
11700 | shares |
| CY2023Q1 | us-gaap |
Treasury Stock Shares
TreasuryStockShares
|
11700 | shares |
| CY2023Q1 | thmg |
Management Service Income One
ManagementServiceIncomeOne
|
0 | usd |
| CY2023Q1 | us-gaap |
Legal Fees
LegalFees
|
64816 | usd |
| CY2022Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-511729 | usd |
| CY2022Q1 | us-gaap |
Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
|
158341 | usd |
| CY2023Q1 | us-gaap |
Deposit Assets
DepositAssets
|
10000 | usd |
| CY2023Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
|
12580 | usd |
