2024 Q4 Form 10-Q Financial Statement

#000147793224007237 Filed on November 14, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3 2023 Q3
Revenue $179.7K $2.704K
YoY Change 6545.75% -41.56%
Cost Of Revenue $115.5K $10.23K
YoY Change 1029.39% -10.24%
Gross Profit $64.22K -$7.521K
YoY Change -953.89% 11.18%
Gross Profit Margin 35.74% -278.14%
Selling, General & Admin $460.5K
YoY Change -50.84%
% of Gross Profit
Research & Development $136.1K $129.4K
YoY Change 5.22% 126.81%
% of Gross Profit 211.96%
Depreciation & Amortization $0.00 -$30.00
YoY Change -100.0% -100.94%
% of Gross Profit 0.0%
Operating Expenses $2.120M $589.8K
YoY Change 259.47% -40.64%
Operating Profit -$2.056M -$597.3K
YoY Change 244.2% -40.29%
Interest Expense $100.1K $135.1K
YoY Change -25.93% 127.99%
% of Operating Profit
Other Income/Expense, Net -$1.364M -$135.1K
YoY Change 909.32% -327.99%
Pretax Income -$732.5K
YoY Change -22.17%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$3.420M -$732.5K
YoY Change 366.92% -22.17%
Net Earnings / Revenue -1903.22% -27089.13%
Basic Earnings Per Share
Diluted Earnings Per Share -$0.03
COMMON SHARES
Basic Shares Outstanding 114.6M shares 93.13M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2024 Q4 2024 Q3 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $79.20K
YoY Change 7442.86%
Cash & Equivalents $34.72K $79.20K
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory $84.04K $107.8K
Prepaid Expenses
Receivables $83.05K $7.369K
Other Receivables $0.00
Total Short-Term Assets $2.523M $194.3K
YoY Change 1198.45% 56.91%
LONG-TERM ASSETS
Property, Plant & Equipment $214.5K
YoY Change 78.35%
Goodwill
YoY Change
Intangibles $11.91K
YoY Change
Long-Term Investments
YoY Change
Other Assets $13.95K $13.72K
YoY Change 1.64% -19.28%
Total Long-Term Assets $174.0K $228.3K
YoY Change -23.77% 66.26%
TOTAL ASSETS
Total Short-Term Assets $2.523M $194.3K
Total Long-Term Assets $174.0K $228.3K
Total Assets $2.697M $422.6K
YoY Change 538.26% 61.83%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.332M
YoY Change 46.43%
Accrued Expenses $338.1K
YoY Change 170.27%
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due $2.243M
YoY Change 2.97%
Total Short-Term Liabilities $7.006M $6.913M
YoY Change 1.35% 31.38%
LONG-TERM LIABILITIES
Long-Term Debt $125.5K
YoY Change 13.57%
Other Long-Term Liabilities $131.3K
YoY Change 71.86%
Total Long-Term Liabilities $725.3K $256.7K
YoY Change 182.48% 37.39%
TOTAL LIABILITIES
Total Short-Term Liabilities $7.006M $6.913M
Total Long-Term Liabilities $725.3K $256.7K
Total Liabilities $7.732M $7.170M
YoY Change 7.84% 31.59%
SHAREHOLDERS EQUITY
Retained Earnings -$71.57M -$66.59M
YoY Change 7.49% 4.42%
Common Stock $113.0K $38.77K
YoY Change 191.46% 90.54%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$5.034M -$6.747M
YoY Change
Total Liabilities & Shareholders Equity $2.697M $422.6K
YoY Change 538.26% 61.83%

Cashflow Statement

Concept 2024 Q4 2024 Q3 2023 Q3
OPERATING ACTIVITIES
Net Income -$3.420M -$732.5K
YoY Change 366.92% -22.17%
Depreciation, Depletion And Amortization $0.00 -$30.00
YoY Change -100.0% -100.94%
Cash From Operating Activities -$481.8K
YoY Change 37.8%
INVESTING ACTIVITIES
Capital Expenditures $0.00
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities $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 482.1K
YoY Change 38.26%
NET CHANGE
Cash From Operating Activities -481.8K
Cash From Investing Activities 0.000
Cash From Financing Activities 482.1K
Net Change In Cash 290.0
YoY Change -130.85%
FREE CASH FLOW
Cash From Operating Activities -$481.8K
Capital Expenditures $0.00
Free Cash Flow -$481.8K
YoY Change 37.8%

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 financial statements in conformity with generally accepted accounting principles 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 financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ significantly from those estimates.</p>
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