2020 Form 10-K Financial Statement
#000138713121003140 Filed on March 04, 2021
Income Statement
| Concept | 2020 | 2019 Q3 | 2019 Q2 |
|---|---|---|---|
| Revenue | $64.87M | $23.72M | $6.079M |
| YoY Change | 30.67% | 583.54% | 61.55% |
| Cost Of Revenue | $15.97M | $1.440M | $1.249M |
| YoY Change | 152.29% | 105.71% | 174.98% |
| Gross Profit | $48.90M | $22.28M | $4.830M |
| YoY Change | 12.91% | 704.15% | 45.97% |
| Gross Profit Margin | 75.38% | 93.91% | 79.45% |
| Selling, General & Admin | $193.0M | $45.13M | $41.39M |
| YoY Change | 10.83% | 48.7% | 40.45% |
| % of Gross Profit | 394.6% | 202.6% | 856.88% |
| Research & Development | $10.43M | $4.080M | $4.964M |
| YoY Change | -47.3% | -39.2% | -26.98% |
| % of Gross Profit | 21.33% | 18.32% | 102.78% |
| Depreciation & Amortization | $800.0K | $140.0K | $66.56K |
| YoY Change | 100.0% | 100.0% | 63.22% |
| % of Gross Profit | 1.64% | 0.63% | 1.38% |
| Operating Expenses | $204.4M | $49.35M | $46.47M |
| YoY Change | 5.1% | 32.91% | 27.9% |
| Operating Profit | -$155.5M | -$27.08M | -$41.64M |
| YoY Change | 2.86% | -21.2% | 26.09% |
| Interest Expense | $28.58M | -$5.600M | $4.029M |
| YoY Change | 64.43% | 173.17% | 658.14% |
| % of Operating Profit | |||
| Other Income/Expense, Net | $600.0K | $700.0K | -$13.60M |
| YoY Change | -76.0% | -13.58% | 6798.33% |
| Pretax Income | -$183.5M | -$31.97M | -$55.24M |
| YoY Change | 4.19% | -10.22% | 66.28% |
| Income Tax | |||
| % Of Pretax Income | |||
| Net Earnings | -$183.5M | -$31.97M | -$55.24M |
| YoY Change | 4.19% | -10.23% | 66.28% |
| Net Earnings / Revenue | -282.9% | -134.77% | -908.65% |
| Basic Earnings Per Share | |||
| Diluted Earnings Per Share | -$665.8K | -$132.5K | -$229.0K |
| COMMON SHARES | |||
| Basic Shares Outstanding | 275.6M | 241.2B shares | |
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2020 | 2019 Q3 | 2019 Q2 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $80.50M | $155.3M | $182.8M |
| YoY Change | -49.94% | -18.26% | 18.39% |
| Cash & Equivalents | |||
| Short-Term Investments | |||
| Other Short-Term Assets | $7.500M | $10.60M | $7.800M |
| YoY Change | -34.21% | 63.08% | 50.0% |
| Inventory | $8.000M | $10.50M | $7.494M |
| Prepaid Expenses | |||
| Receivables | $32.40M | $15.30M | $18.38M |
| Other Receivables | $0.00 | $0.00 | $0.00 |
| Total Short-Term Assets | $128.4M | $191.8M | $216.5M |
| YoY Change | -38.39% | -9.4% | 29.54% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $11.50M | $12.80M | $1.432M |
| YoY Change | -8.73% | 3100.0% | 258.03% |
| Goodwill | |||
| YoY Change | |||
| Intangibles | $4.688M | ||
| YoY Change | |||
| Long-Term Investments | |||
| YoY Change | |||
| Other Assets | $300.0K | $500.0K | $4.000M |
| YoY Change | -40.0% | -44.44% | 344.44% |
| Total Long-Term Assets | $53.20M | $58.20M | $28.66M |
| YoY Change | -7.64% | 131.87% | 497.05% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $128.4M | $191.8M | $216.5M |
| Total Long-Term Assets | $53.20M | $58.20M | $28.66M |
| Total Assets | $181.6M | $250.0M | $246.6M |
| YoY Change | -31.73% | 5.57% | 43.43% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $21.10M | $24.10M | $19.50M |
| YoY Change | 9.9% | 111.4% | 71.05% |
| Accrued Expenses | $28.80M | $33.70M | $14.00M |
| YoY Change | 35.85% | 120.26% | 79.49% |
| 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 | $59.20M | $67.30M | $41.88M |
| YoY Change | 11.7% | 129.69% | 97.53% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $237.7M | $194.4M | $194.1M |
| YoY Change | 22.15% | 165.21% | 165.52% |
| Other Long-Term Liabilities | $8.700M | $9.500M | $2.500M |
| YoY Change | -4.4% | ||
| Total Long-Term Liabilities | $246.4M | $203.9M | $194.1M |
| YoY Change | 20.96% | 178.17% | 165.52% |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $59.20M | $67.30M | $41.88M |
| Total Long-Term Liabilities | $246.4M | $203.9M | $194.1M |
| Total Liabilities | $305.6M | $271.2M | $238.5M |
| YoY Change | 19.0% | 164.59% | 152.61% |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | -$614.0M | ||
| YoY Change | |||
| Common Stock | $622.1M | ||
| YoY Change | |||
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | |||
| YoY Change | |||
| Treasury Stock Shares | |||
| Shareholders Equity | -$124.0M | -$21.20M | $8.094M |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $181.6M | $250.0M | $246.6M |
| YoY Change | -31.73% | 5.57% | 43.43% |
Cashflow Statement
| Concept | 2020 | 2019 Q3 | 2019 Q2 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | -$183.5M | -$31.97M | -$55.24M |
| YoY Change | 4.19% | -10.23% | 66.28% |
| Depreciation, Depletion And Amortization | $800.0K | $140.0K | $66.56K |
| YoY Change | 100.0% | 100.0% | 63.22% |
| Cash From Operating Activities | -$159.5M | -$26.22M | -$50.52M |
| YoY Change | -3.77% | -23.04% | 102.48% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | $207.0K | -$1.300M | -$1.190M |
| YoY Change | -91.55% | -93.61% | 283.87% |
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | $0.00 | -$20.00K | |
| YoY Change | |||
| Cash From Investing Activities | -$1.598M | -$1.300M | -$1.210M |
| YoY Change | -93.31% | -93.61% | 290.32% |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | $31.70M | ||
| YoY Change | -58.84% | ||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | 80.73M | 10.00K | 111.7M |
| YoY Change | -57.25% | -99.99% | 54.48% |
| NET CHANGE | |||
| Cash From Operating Activities | -159.5M | -26.22M | -50.52M |
| Cash From Investing Activities | -1.598M | -1.300M | -1.210M |
| Cash From Financing Activities | 80.73M | 10.00K | 111.7M |
| Net Change In Cash | -80.34M | -27.51M | 59.96M |
| YoY Change | 10161.05% | -177.25% | 27.47% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | -$159.5M | -$26.22M | -$50.52M |
| Capital Expenditures | $207.0K | -$1.300M | -$1.190M |
| Free Cash Flow | -$159.7M | -$24.92M | -$49.33M |
| YoY Change | -5.05% | 81.5% | 100.2% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2020 | dei |
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Gains Losses On Extinguishment Of Debt
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22577000 | USD |
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Gross Profit
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16064000 | USD |
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Net Income Loss
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