2021 Q4 Form 10-K Financial Statement

#000149315222008018 Filed on March 29, 2022

View on sec.gov

Income Statement

Concept 2021 Q4 2021 2020 Q4
Revenue $18.96M $62.11M $9.210M
YoY Change 105.86% 140.38% 29.17%
Cost Of Revenue $14.02M $47.35M $7.510M
YoY Change 86.7% 135.35% 24.54%
Gross Profit $4.939M $14.76M $1.700M
YoY Change 190.51% 158.04% 54.55%
Gross Profit Margin 26.05% 23.76% 18.46%
Selling, General & Admin $5.585M $14.96M $1.960M
YoY Change 184.95% 76.89% -32.65%
% of Gross Profit 113.08% 101.39% 115.29%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $231.4K $495.3K $80.00K
YoY Change 189.19% 90.49% 0.0%
% of Gross Profit 4.68% 3.36% 4.71%
Operating Expenses $5.585M $14.96M $1.960M
YoY Change 184.95% 76.89% -32.65%
Operating Profit -$646.2K -$204.7K -$260.0K
YoY Change 148.55% -92.53% -85.64%
Interest Expense -$7.660K -$970.1K -$840.0K
YoY Change -99.09% -48.67% -3.45%
% of Operating Profit
Other Income/Expense, Net $49.71K $57.62K -$20.00K
YoY Change -348.55% -148.02% -150.0%
Pretax Income -$604.2K -$875.7K -$1.110M
YoY Change -45.57% -82.73% -57.79%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$604.2K -$875.7K -$1.110M
YoY Change -45.57% -82.73% -57.79%
Net Earnings / Revenue -3.19% -1.41% -12.05%
Basic Earnings Per Share -$0.09
Diluted Earnings Per Share -$63.27K -$87.39K -$235.7K
COMMON SHARES
Basic Shares Outstanding 10.02M shares
Diluted Shares Outstanding 10.02M shares

Balance Sheet

Concept 2021 Q4 2021 2020 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $34.59M $34.59M $180.0K
YoY Change 19117.88% 19117.88% -60.0%
Cash & Equivalents $34.59M $184.5K
Short-Term Investments
Other Short-Term Assets $7.799K $11.25M
YoY Change 217.75%
Inventory $514.8K $514.8K $540.0K
Prepaid Expenses $587.5K
Receivables $13.13M $13.13M $920.0K
Other Receivables $0.00 $0.00 $60.00K
Total Short-Term Assets $59.48M $59.48M $5.250M
YoY Change 1032.97% 1032.97% 31.25%
LONG-TERM ASSETS
Property, Plant & Equipment $207.5K $897.2K $220.0K
YoY Change -5.68% 307.82% -42.11%
Goodwill $7.992M
YoY Change
Intangibles $1.575M
YoY Change
Long-Term Investments $4.210M $4.210M $1.710M
YoY Change 146.22% 146.22% -15.35%
Other Assets $80.00K
YoY Change 300.0%
Total Long-Term Assets $14.68M $14.68M $2.910M
YoY Change 404.3% 404.3% -14.66%
TOTAL ASSETS
Total Short-Term Assets $59.48M $59.48M $5.250M
Total Long-Term Assets $14.68M $14.68M $2.910M
Total Assets $74.16M $74.16M $8.160M
YoY Change 808.78% 808.78% 10.12%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $6.067M $6.067M $650.0K
YoY Change 833.37% 833.37% -82.67%
Accrued Expenses $3.878M $4.031M $1.890M
YoY Change 105.2% 113.27% 4.42%
Deferred Revenue $13.35M $4.879M
YoY Change 173.54%
Short-Term Debt $0.00 $5.270M
YoY Change -100.0% 38.32%
Long-Term Debt Due $0.00 $1.850M
YoY Change -100.0%
Total Short-Term Liabilities $25.01M $25.01M $14.55M
YoY Change 71.86% 71.86% 18.1%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $1.020M
YoY Change -100.0%
Other Long-Term Liabilities $542.0K $542.0K $0.00
YoY Change -100.0%
Total Long-Term Liabilities $982.6K $542.0K $1.020M
YoY Change -3.66% -46.86% 920.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $25.01M $25.01M $14.55M
Total Long-Term Liabilities $982.6K $542.0K $1.020M
Total Liabilities $25.99M $25.99M $15.57M
YoY Change 66.92% 66.92% 25.36%
SHAREHOLDERS EQUITY
Retained Earnings -$22.84M
YoY Change
Common Stock $11.59K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $7.683M
YoY Change
Treasury Stock Shares 854.9K shares
Shareholders Equity $48.17M $48.17M -$7.406M
YoY Change
Total Liabilities & Shareholders Equity $74.16M $74.16M $8.160M
YoY Change 808.78% 808.78% 10.12%

Cashflow Statement

Concept 2021 Q4 2021 2020 Q4
OPERATING ACTIVITIES
Net Income -$604.2K -$875.7K -$1.110M
YoY Change -45.57% -82.73% -57.79%
Depreciation, Depletion And Amortization $231.4K $495.3K $80.00K
YoY Change 189.19% 90.49% 0.0%
Cash From Operating Activities -$1.888M -$1.563M -$600.0K
YoY Change 214.67% -56.94% -75.0%
INVESTING ACTIVITIES
Capital Expenditures -$102.9K -$292.4K -$60.00K
YoY Change 71.5% 62.46% -133.33%
Acquisitions $5.545M
YoY Change
Other Investing Activities -$2.493M -$8.045M $0.00
YoY Change -100.0%
Cash From Investing Activities -$2.596M -$8.337M -$60.00K
YoY Change 4226.83% 4531.82% -76.92%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.440M 44.31M 620.0K
YoY Change -332.2% 1151.64% -255.0%
NET CHANGE
Cash From Operating Activities -1.888M -1.563M -600.0K
Cash From Investing Activities -2.596M -8.337M -60.00K
Cash From Financing Activities -1.440M 44.31M 620.0K
Net Change In Cash -5.924M 34.41M -40.00K
YoY Change 14709.35% -12843.6% -98.69%
FREE CASH FLOW
Cash From Operating Activities -$1.888M -$1.563M -$600.0K
Capital Expenditures -$102.9K -$292.4K -$60.00K
Free Cash Flow -$1.785M -$1.271M -$540.0K
YoY Change 230.57% -63.17% -79.07%

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