2024 Q2 Form 10-Q Financial Statement

#000147793224001952 Filed on April 10, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2023 Q4 2023 Q2
Revenue -$276.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $56.06K
YoY Change 51.75%
Operating Profit -$56.34K
YoY Change 52.5%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net $0.00
YoY Change
Pretax Income
YoY Change
Income Tax $0.00
% Of Pretax Income
Net Earnings -$56.34K -$61.33K
YoY Change 52.5%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share
COMMON SHARES
Basic Shares Outstanding 2.096B shares 2.096B shares
Diluted Shares Outstanding

Balance Sheet

Concept 2024 Q2 2023 Q4 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $25.94K $2.396K $1.430K
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory $3.962M $58.33K $46.48K
Prepaid Expenses
Receivables $0.00 $50.00K $50.00K
Other Receivables
Total Short-Term Assets $3.988M $113.1K $97.91K
YoY Change 3973.03% 124.83% 94.61%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $817.00 $815.00
YoY Change -2.27% -2.51%
Total Long-Term Assets $0.00 $817.00 $815.00
YoY Change -100.0% -2.27% -2.51%
TOTAL ASSETS
Total Short-Term Assets $3.988M $113.1K $97.91K
Total Long-Term Assets $0.00 $817.00 $815.00
Total Assets $3.988M $113.9K $98.73K
YoY Change 3939.41% 122.75% 93.02%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $39.52K $62.48K
YoY Change -88.85% -82.38%
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $3.692M $1.625M $1.711M
YoY Change 115.8% -27.84% -17.96%
LONG-TERM LIABILITIES
Long-Term Debt
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $5.036M $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $3.692M $1.625M $1.711M
Total Long-Term Liabilities $5.036M $0.00
Total Liabilities $8.728M $1.388M
YoY Change 528.81%
SHAREHOLDERS EQUITY
Retained Earnings -$1.300M -$2.894M -$2.802M
YoY Change -53.6% -15.91% -14.53%
Common Stock $209.6K $209.6K $209.6K
YoY Change -0.01% 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$1.512M -$1.612M
YoY Change
Total Liabilities & Shareholders Equity $3.988M $113.9K $98.73K
YoY Change 3939.41% 122.75% 93.02%

Cashflow Statement

Concept 2024 Q2 2023 Q4 2023 Q2
OPERATING ACTIVITIES
Net Income -$56.34K -$61.33K
YoY Change 52.5%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities
YoY Change
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
YoY Change
NET CHANGE
Cash From Operating Activities
Cash From Investing Activities
Cash From Financing Activities
Net Change In Cash
YoY Change
FREE CASH FLOW
Cash From Operating Activities
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

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<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The preparation of CFS in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the CFS and the reported amounts of revenues and expenses during the reporting period. The Company regularly evaluates estimates and assumptions. The Company bases its estimates and assumptions on current facts, historical experience and various other factors that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources. The actual results experienced by the Company may differ materially and adversely from the Company’s estimates. To the extent there are material differences between the estimates and the actual results, future results of operations will be affected.</p>
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Files In Submission

Name View Source Status
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0001477932-24-001952-index.html Edgar Link pending
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