2022 Q1 Form 10-K Financial Statement
#000149315222008858 Filed on April 01, 2022
Income Statement
| Concept | 2022 Q1 | 2021 |
|---|---|---|
| Revenue | $3.057M | $13.82M |
| YoY Change | -27.11% | 0.0% |
| Cost Of Revenue | $2.292M | $9.562M |
| YoY Change | -23.22% | 0.0% |
| Gross Profit | $765.0K | $4.253M |
| YoY Change | -36.72% | 0.0% |
| Gross Profit Margin | 25.02% | 30.79% |
| Selling, General & Admin | $797.0K | $3.137M |
| YoY Change | -2.45% | 0.0% |
| % of Gross Profit | 104.18% | 73.76% |
| Research & Development | $25.00K | $240.0K |
| YoY Change | -50.0% | 0.0% |
| % of Gross Profit | 3.27% | 5.64% |
| Depreciation & Amortization | $10.00K | |
| YoY Change | 0.0% | |
| % of Gross Profit | 0.24% | |
| Operating Expenses | $822.0K | $3.377M |
| YoY Change | -4.75% | 0.0% |
| Operating Profit | -$57.00K | $876.0K |
| YoY Change | -116.47% | 0.0% |
| Interest Expense | -$6.000K | -$25.00K |
| YoY Change | 0.0% | 0.0% |
| % of Operating Profit | -2.85% | |
| Other Income/Expense, Net | ||
| YoY Change | ||
| Pretax Income | -$63.00K | $851.0K |
| YoY Change | -118.53% | 0.0% |
| Income Tax | $22.00K | $255.0K |
| % Of Pretax Income | 29.96% | |
| Net Earnings | -$85.00K | $596.0K |
| YoY Change | -145.7% | 0.0% |
| Net Earnings / Revenue | -2.78% | 4.31% |
| Basic Earnings Per Share | ||
| Diluted Earnings Per Share | -$16.49K | $109.2K |
| COMMON SHARES | ||
| Basic Shares Outstanding | ||
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2022 Q1 | 2021 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $1.698M | $1.459M |
| YoY Change | 16.38% | 0.0% |
| Cash & Equivalents | $1.698M | $1.459M |
| Short-Term Investments | ||
| Other Short-Term Assets | $98.00K | $88.00K |
| YoY Change | 11.36% | 0.0% |
| Inventory | $1.874M | $1.997M |
| Prepaid Expenses | ||
| Receivables | $1.336M | $2.078M |
| Other Receivables | $0.00 | $0.00 |
| Total Short-Term Assets | $5.006M | $5.622M |
| YoY Change | -10.96% | 0.0% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $359.0K | |
| YoY Change | 0.0% | |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | $21.00K | $102.0K |
| YoY Change | -79.41% | 0.0% |
| Total Long-Term Assets | $336.0K | $461.0K |
| YoY Change | -27.11% | 0.0% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $5.006M | $5.622M |
| Total Long-Term Assets | $336.0K | $461.0K |
| Total Assets | $5.342M | $6.083M |
| YoY Change | -12.18% | 0.0% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $122.0K | $219.0K |
| YoY Change | -44.29% | 0.0% |
| Accrued Expenses | $347.0K | $535.0K |
| YoY Change | -35.14% | 0.0% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | $165.0K | $112.0K |
| YoY Change | 47.32% | 0.0% |
| Total Short-Term Liabilities | $680.0K | $983.0K |
| YoY Change | -30.82% | 0.0% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $0.00 | $553.0K |
| YoY Change | -100.0% | 0.0% |
| Other Long-Term Liabilities | $95.00K | $123.0K |
| YoY Change | -22.76% | 0.0% |
| Total Long-Term Liabilities | $95.00K | $676.0K |
| YoY Change | -85.95% | 0.0% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $680.0K | $983.0K |
| Total Long-Term Liabilities | $95.00K | $676.0K |
| Total Liabilities | $775.0K | $1.659M |
| YoY Change | -53.29% | 0.0% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | $4.308M | |
| YoY Change | ||
| Common Stock | $52.00K | |
| YoY Change | ||
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | $4.567M | $4.424M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $5.342M | $6.083M |
| YoY Change | -12.18% | 0.0% |
Cashflow Statement
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2022Q1 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
USD | |
| CY2022Q1 | us-gaap |
Due To Related Parties Noncurrent
DueToRelatedPartiesNoncurrent
|
USD | |
| CY2022Q1 | us-gaap |
Long Term Notes Payable
LongTermNotesPayable
|
USD | |
| CY2022Q1 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
USD | |
| CY2021Q1 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
USD | |
| CY2021 | us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
USD | |
| CY2021 | us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
USD | |
| CY2021 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
USD | |
| CY2021 | us-gaap |
Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
|
USD | |
| CY2022 | us-gaap |
Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
|
USD | |
| CY2021 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
USD | |
| CY2022 | us-gaap |
Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
|
USD | |
| CY2022 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
shares | |
| CY2022Q1 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
USD | |
| CY2022Q1 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
USD | |
| CY2022Q1 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
USD | |
| CY2022Q1 | us-gaap |
Notes Payable Related Parties Current And Noncurrent
NotesPayableRelatedPartiesCurrentAndNoncurrent
|
USD | |
| CY2022Q1 | us-gaap |
Notes Payable Related Parties Classified Current
NotesPayableRelatedPartiesClassifiedCurrent
|
USD | |
| CY2021Q1 | us-gaap |
Notes Payable Related Parties Classified Current
NotesPayableRelatedPartiesClassifiedCurrent
|
USD | |
| CY2022Q1 | us-gaap |
Notes Payable Related Parties Noncurrent
NotesPayableRelatedPartiesNoncurrent
|
USD | |
| CY2021 | us-gaap |
Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
|
USD | |
| CY2021 | us-gaap |
Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
|
USD | |
| CY2021Q1 | us-gaap |
Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
|
USD | |
| CY2021Q1 | us-gaap |
Deferred Tax Assets Other
DeferredTaxAssetsOther
|
USD | |
| CY2021 | TOFB |
Increase Due To Reserves And Tax Positions Related To Prior Year
IncreaseDueToReservesAndTaxPositionsRelatedToPriorYear
|
USD |
