2024 Q4 Form 10-Q Financial Statement

#000121390024096811 Filed on November 12, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3 2023 Q4
Revenue $547.0K $502.0K
YoY Change -1132.08% -56.42%
Cost Of Revenue $0.00
YoY Change -100.0%
Gross Profit $502.0K
YoY Change -96.18%
Gross Profit Margin 100.0%
Selling, General & Admin $1.310M $1.476M
YoY Change -17.61% -39.95%
% of Gross Profit 294.02%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $96.00K $632.0K
YoY Change -131.79%
% of Gross Profit 125.9%
Operating Expenses $1.406M $2.113M
YoY Change -18.26% -103.34%
Operating Profit -$859.0K -$1.611M
YoY Change -51.55% -102.11%
Interest Expense -$3.000K $115.0K
YoY Change -115.0%
% of Operating Profit
Other Income/Expense, Net $292.0K -$88.00K
YoY Change -13.86% -99.91%
Pretax Income -$567.0K -$1.584M
YoY Change -60.46% -95.27%
Income Tax -$43.00K
% Of Pretax Income
Net Earnings -$609.0K -$883.0K
YoY Change -81.97% -101.14%
Net Earnings / Revenue -111.33% -175.9%
Basic Earnings Per Share -$0.05
Diluted Earnings Per Share -$0.05 -$0.07
COMMON SHARES
Basic Shares Outstanding 11.53M shares 11.53M shares 10.58M
Diluted Shares Outstanding 11.53M shares

Balance Sheet

Concept 2024 Q4 2024 Q3 2023 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $5.047M $4.327M
YoY Change -50.52% -88.63%
Cash & Equivalents $5.047M $4.327M
Short-Term Investments
Other Short-Term Assets $3.784M $4.379M
YoY Change -9.9% -74.66%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $12.15M $11.80M
YoY Change -30.31% -78.69%
LONG-TERM ASSETS
Property, Plant & Equipment $6.302M
YoY Change 33068.42%
Goodwill
YoY Change
Intangibles $4.428M $6.098M
YoY Change -33.48% -12.17%
Long-Term Investments
YoY Change
Other Assets $58.00K $58.00K
YoY Change -77.17% -77.08%
Total Long-Term Assets $27.40M $31.51M
YoY Change -17.11% -10.24%
TOTAL ASSETS
Total Short-Term Assets $12.15M $11.80M
Total Long-Term Assets $27.40M $31.51M
Total Assets $39.55M $43.31M
YoY Change -21.67% -52.12%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $234.0K $27.00K
YoY Change -66.38% -98.75%
Accrued Expenses $2.374M $2.724M
YoY Change -35.84% -84.2%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $5.976M $6.854M
YoY Change -58.82% -85.37%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $705.0K $636.0K
YoY Change -40.71% -42.55%
Total Long-Term Liabilities $705.0K $636.0K
YoY Change -40.71% -42.55%
TOTAL LIABILITIES
Total Short-Term Liabilities $5.976M $6.854M
Total Long-Term Liabilities $705.0K $636.0K
Total Liabilities $12.46M $14.02M
YoY Change -44.49% -74.65%
SHAREHOLDERS EQUITY
Retained Earnings -$952.1M -$949.6M
YoY Change 0.35% 1.09%
Common Stock $11.00K $11.00K
YoY Change -100.0% -100.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $27.09M $29.29M
YoY Change
Total Liabilities & Shareholders Equity $39.55M $43.31M
YoY Change -21.67% -52.12%

Cashflow Statement

Concept 2024 Q4 2024 Q3 2023 Q4
OPERATING ACTIVITIES
Net Income -$609.0K -$883.0K
YoY Change -81.97% -101.14%
Depreciation, Depletion And Amortization $96.00K $632.0K
YoY Change -131.79%
Cash From Operating Activities -$185.0K -$7.841M
YoY Change -92.45% -113.12%
INVESTING ACTIVITIES
Capital Expenditures $0.00 $0.00
YoY Change -100.0%
Acquisitions
YoY Change
Other Investing Activities $0.00
YoY Change -100.0%
Cash From Investing Activities $0.00 $0.00
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 0.000 2.001M
YoY Change -100.0% -101.54%
NET CHANGE
Cash From Operating Activities -185.0K -7.841M
Cash From Investing Activities 0.000 0.000
Cash From Financing Activities 0.000 2.001M
Net Change In Cash -185.0K -5.840M
YoY Change -94.8% -153.15%
FREE CASH FLOW
Cash From Operating Activities -$185.0K -$7.841M
Capital Expenditures $0.00 $0.00
Free Cash Flow -$185.0K -$7.841M
YoY Change -92.45% -113.13%

Facts In Submission

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>Estimates and assumptions </b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The preparation of our condensed consolidated financial statements in conformity with U.S. GAAP requires us to make certain estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenue and expenses during the reporting periods. We evaluate our estimates and assumptions based on historical experience and on various other assumptions that are believed to be reasonable, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ, at times in material amounts, from these estimates under different assumptions or conditions.</p>
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11532000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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IncomeLossFromContinuingOperationsPerDilutedShare
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us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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275000 shares
CY2022Q4 us-gaap Stock Redeemed Or Called During Period Value
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CY2024Q3 ecd Rule10b51 Arr Trmntd Flag
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EntityCentralIndexKey
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