2022 Q4 Form 10-K Financial Statement

#000147793222007727 Filed on October 17, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q2 2022
Revenue $11.96K $35.60K $61.91K
YoY Change
Cost Of Revenue $40.15K $2.300K $41.95K
YoY Change
Gross Profit -$28.15K $33.30K -$19.96K
YoY Change
Gross Profit Margin -235.43% 93.54% -32.24%
Selling, General & Admin $154.6K $1.073M $1.296M
YoY Change -81.61% 2231.94% 671.92%
% of Gross Profit 3223.39%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $19.19K $23.87K $23.87K
YoY Change
% of Gross Profit 71.68%
Operating Expenses $154.6K $302.5K $1.296M
YoY Change -81.61% 557.27% 177.04%
Operating Profit -$182.8K -$269.2K -$1.276M
YoY Change -78.26% 172.77%
Interest Expense $0.00 $0.00 $0.00
YoY Change
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$182.8K -$287.0K -$1.294M
YoY Change -78.26% 523.55% 176.57%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$182.8K -$287.0K -$1.294M
YoY Change -78.26% 523.63% 176.57%
Net Earnings / Revenue -1528.79% -806.24% -2090.59%
Basic Earnings Per Share
Diluted Earnings Per Share -$0.01 -$16.35K -$79.51K
COMMON SHARES
Basic Shares Outstanding 19.57M shares 16.17M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2022 Q4 2022 Q2 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $25.31K $9.320K $9.320K
YoY Change 1761.03%
Cash & Equivalents $25.31K $104.00
Short-Term Investments $9.210K $9.210K
Other Short-Term Assets $76.11K $47.83K $47.83K
YoY Change
Inventory
Prepaid Expenses $76.11K $47.83K
Receivables
Other Receivables
Total Short-Term Assets $101.4K $57.15K $57.15K
YoY Change 7356.76%
LONG-TERM ASSETS
Property, Plant & Equipment $477.2K $421.6K $421.6K
YoY Change 33.89%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $3.120K $10.57K $10.57K
YoY Change
Other Assets $228.3K $408.8K $408.8K
YoY Change
Total Long-Term Assets $708.6K $841.0K $841.0K
YoY Change 98.83%
TOTAL ASSETS
Total Short-Term Assets $101.4K $57.15K $57.15K
Total Long-Term Assets $708.6K $841.0K $841.0K
Total Assets $810.0K $898.2K $898.2K
YoY Change 126.42%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $28.55K $18.95K $18.95K
YoY Change 24.29% 1591.96%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $274.5K $139.0K $139.0K
YoY Change 1094.78% 201.26% 201.28%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $0.00 $0.00 $0.00
YoY Change
Total Long-Term Liabilities $0.00 $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $274.5K $139.0K $139.0K
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $274.5K $139.0K $139.0K
YoY Change 1094.78% 201.26% 201.28%
SHAREHOLDERS EQUITY
Retained Earnings -$5.168M -$4.161M
YoY Change 36.69% 45.15%
Common Stock $1.984K $19.57K
YoY Change -87.73% 33.44%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $535.6K $759.2K $759.2K
YoY Change
Total Liabilities & Shareholders Equity $810.0K $898.2K $898.2K
YoY Change 126.42%

Cashflow Statement

Concept 2022 Q4 2022 Q2 2022
OPERATING ACTIVITIES
Net Income -$182.8K -$287.0K -$1.294M
YoY Change -78.26% 523.63% 176.57%
Depreciation, Depletion And Amortization $19.19K $23.87K $23.87K
YoY Change
Cash From Operating Activities -$74.70K -$130.0K -$233.3K
YoY Change 2294.23%
INVESTING ACTIVITIES
Capital Expenditures $0.00 -$7.960K $445.5K
YoY Change -100.0%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities $0.00 -$7.960K -$445.5K
YoY Change -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 100.0K 118.0K $678.9K
YoY Change -72.29%
NET CHANGE
Cash From Operating Activities -74.70K -130.0K -$233.3K
Cash From Investing Activities 0.000 -7.960K -$445.5K
Cash From Financing Activities 100.0K 118.0K $678.9K
Net Change In Cash 25.30K -19.93K $104.00
YoY Change 1760.29%
FREE CASH FLOW
Cash From Operating Activities -$74.70K -$130.0K -$233.3K
Capital Expenditures $0.00 -$7.960K $445.5K
Free Cash Flow -$74.70K -$122.1K -$678.8K
YoY Change -121.14%

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