2021 Q4 Form 10-K Financial Statement
#000149315222008018 Filed on March 29, 2022
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% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2021 | us-gaap |
Proceeds From Issuance Of Other Long Term Debt
ProceedsFromIssuanceOfOtherLongTermDebt
|
USD | |
CY2021 | us-gaap |
Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
|
USD | |
CY2020Q4 | UGRO |
Contingent Consideration
ContingentConsideration
|
USD | |
CY2021Q4 | us-gaap |
Notes Payable Current
NotesPayableCurrent
|
USD | |
CY2021Q4 | us-gaap |
Lines Of Credit Current
LinesOfCreditCurrent
|
USD | |
CY2021Q4 | us-gaap |
Short Term Borrowings
ShortTermBorrowings
|
USD | |
CY2021Q4 | us-gaap |
Long Term Notes Payable
LongTermNotesPayable
|
USD | |
CY2020Q4 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
USD | |
CY2020Q4 | us-gaap |
Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
|
USD | |
CY2021Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
USD | |
CY2020Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
USD | |
CY2020Q4 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
USD | |
CY2020 | us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
USD | |
CY2020 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
USD | |
CY2021 | UGRO |
Contingent Considerations
ContingentConsiderations
|
USD | |
CY2021 | us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
USD | |
CY2021 | us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
USD | |
CY2020 | UGRO |
Debt Loan Forgiveness
DebtLoanForgiveness
|
USD | |
CY2021 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
USD | |
CY2020 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
USD | |
CY2020 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
USD | |
CY2020 | us-gaap |
Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
|
USD | |
CY2021 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
USD | |
CY2020 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
USD | |
CY2020 | UGRO |
Interest Expense Amortization Loans
InterestExpenseAmortizationLoans
|
USD | |
CY2021 | UGRO |
Contingent Consideration Expense
ContingentConsiderationExpense
|
USD | |
CY2020 | us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
USD | |
CY2021 | UGRO |
Impairment Of Investment Of Assets
ImpairmentOfInvestmentOfAssets
|
USD | |
CY2021 | us-gaap |
Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
|
USD | |
CY2021 | us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
USD | |
CY2020 | UGRO |
Debt Loan Forgiveness
DebtLoanForgiveness
|
USD | |
CY2020 | us-gaap |
Payments To Acquire Investments
PaymentsToAcquireInvestments
|
USD | |
CY2020 | UGRO |
Assets Acquired In Acquisition
AssetsAcquiredInAcquisition
|
USD | |
CY2021 | us-gaap |
Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
|
USD | |
CY2020 | UGRO |
Paycheck Protection Program Loan Forgiveness
PaycheckProtectionProgramLoanForgiveness
|
USD | |
CY2021 | us-gaap |
Debt Issuance Costs Incurred During Noncash Or Partial Noncash Transaction
DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction
|
USD | |
CY2020 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
USD | |
CY2020 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
USD | |
CY2021 | us-gaap |
Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
|
USD | |
CY2021 | us-gaap |
Proceeds From Notes Payable
ProceedsFromNotesPayable
|
USD | |
CY2021 | us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
USD | |
CY2021 | us-gaap |
Repayments Of Notes Payable
RepaymentsOfNotesPayable
|
USD | |
CY2020 | us-gaap |
Repayments Of Debt
RepaymentsOfDebt
|
USD | |
CY2021 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
USD | |
CY2020 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
USD | |
CY2020 | UGRO |
Operating Lease Right Of Use Assets And Liabilities Extension
OperatingLeaseRightOfUseAssetsAndLiabilitiesExtension
|
USD | |
CY2021Q4 | us-gaap |
Deferred Finance Costs Current Net
DeferredFinanceCostsCurrentNet
|
USD | |
CY2020Q4 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
USD | |
CY2021Q4 | us-gaap |
Interest Payable Current
InterestPayableCurrent
|
USD | |
CY2020Q4 | us-gaap |
Other Employee Related Liabilities Current And Noncurrent
OtherEmployeeRelatedLiabilitiesCurrentAndNoncurrent
|
USD | |
CY2021Q4 | us-gaap |
Notes Payable
NotesPayable
|
USD | |
CY2021Q4 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
USD | |
CY2021Q4 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
USD | |
CY2021Q4 | us-gaap |
Notes And Loans Payable
NotesAndLoansPayable
|
USD | |
CY2021Q4 | us-gaap |
Notes And Loans Payable Current
NotesAndLoansPayableCurrent
|
USD | |
CY2021Q4 | us-gaap |
Long Term Notes And Loans
LongTermNotesAndLoans
|
USD | |
CY2020Q4 | us-gaap |
Long Term Notes And Loans
LongTermNotesAndLoans
|
USD | |
CY2021Q4 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
542003 | USD |
CY2020Q4 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
USD | |
CY2021 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
|
shares |