2021 Form 10-K Financial Statement
#000149315222008634 Filed on April 01, 2022
Income Statement
| Concept | 2021 | 2020 Q4 | 2020 |
|---|---|---|---|
| Revenue | $1.414M | $124.5K | $124.5K |
| YoY Change | 1035.81% | ||
| Cost Of Revenue | $743.7K | $74.44K | $74.44K |
| YoY Change | 899.02% | ||
| Gross Profit | $670.8K | $50.09K | $50.09K |
| YoY Change | 1239.09% | ||
| Gross Profit Margin | 47.42% | 40.22% | 40.22% |
| Selling, General & Admin | $1.046M | $102.4K | $226.9K |
| YoY Change | 361.01% | 198.57% | 321.22% |
| % of Gross Profit | 155.96% | 204.51% | 453.0% |
| Research & Development | $90.87K | $30.23K | $98.29K |
| YoY Change | -7.55% | -69.84% | -1.94% |
| % of Gross Profit | 13.55% | 60.35% | 196.23% |
| Depreciation & Amortization | $36.06K | $0.00 | |
| YoY Change | |||
| % of Gross Profit | 5.38% | 0.0% | |
| Operating Expenses | $1.173M | $132.7K | $325.2K |
| YoY Change | 260.7% | -1.4% | 111.03% |
| Operating Profit | -$502.3K | -$82.57K | -$275.1K |
| YoY Change | 82.57% | ||
| Interest Expense | -$246.5K | -$11.10K | -$30.98K |
| YoY Change | 695.64% | 176.12% | 149.44% |
| % of Operating Profit | |||
| Other Income/Expense, Net | |||
| YoY Change | |||
| Pretax Income | -$770.2K | -$93.67K | -$327.4K |
| YoY Change | 135.25% | -32.4% | 96.61% |
| Income Tax | |||
| % Of Pretax Income | |||
| Net Earnings | -$770.2K | -$93.67K | -$327.4K |
| YoY Change | 135.25% | -32.4% | 96.61% |
| Net Earnings / Revenue | -54.45% | -75.22% | -262.9% |
| Basic Earnings Per Share | -$0.10 | ||
| Diluted Earnings Per Share | -$97.97K | -$14.27K | -$52.80K |
| COMMON SHARES | |||
| Basic Shares Outstanding | 7.861M shares | ||
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2021 | 2020 Q4 | 2020 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $286.9K | $94.34K | $94.34K |
| YoY Change | 204.07% | 299.92% | 299.92% |
| Cash & Equivalents | $286.9K | $94.34K | $94.34K |
| Short-Term Investments | |||
| Other Short-Term Assets | $22.71K | $11.60K | $11.60K |
| YoY Change | 95.78% | 321.82% | 321.82% |
| Inventory | $65.74K | $99.70K | $99.70K |
| Prepaid Expenses | |||
| Receivables | $70.47K | $60.52K | $60.52K |
| Other Receivables | $0.00 | $0.00 | $0.00 |
| Total Short-Term Assets | $445.8K | $266.2K | $266.2K |
| YoY Change | 67.49% | 910.48% | 910.48% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | |||
| YoY Change | |||
| Goodwill | |||
| YoY Change | |||
| Intangibles | |||
| YoY Change | |||
| Long-Term Investments | |||
| YoY Change | |||
| Other Assets | |||
| YoY Change | |||
| Total Long-Term Assets | $1.763M | $31.70K | $31.70K |
| YoY Change | 5460.63% | ||
| TOTAL ASSETS | |||
| Total Short-Term Assets | $445.8K | $266.2K | $266.2K |
| Total Long-Term Assets | $1.763M | $31.70K | $31.70K |
| Total Assets | $2.209M | $297.9K | $297.9K |
| YoY Change | 641.46% | 1030.83% | 1030.83% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $20.37K | $159.6K | $159.6K |
| YoY Change | -87.24% | 662.27% | 662.27% |
| Accrued Expenses | |||
| YoY Change | |||
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $542.1K | $0.00 | |
| YoY Change | |||
| Long-Term Debt Due | $253.9K | $55.00K | $55.00K |
| YoY Change | 361.58% | ||
| Total Short-Term Liabilities | $875.0K | $214.6K | $214.6K |
| YoY Change | 307.67% | 924.93% | 924.93% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $503.0K | $576.0K | $576.0K |
| YoY Change | -12.68% | 68.57% | 68.57% |
| Other Long-Term Liabilities | $6.520K | $115.6K | $115.6K |
| YoY Change | -94.36% | 23.6% | 23.6% |
| Total Long-Term Liabilities | $509.5K | $691.6K | $691.6K |
| YoY Change | -26.33% | 58.91% | 58.91% |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $875.0K | $214.6K | $214.6K |
| Total Long-Term Liabilities | $509.5K | $691.6K | $691.6K |
| Total Liabilities | $1.384M | $906.2K | $906.2K |
| YoY Change | 52.77% | 98.67% | 98.67% |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | |||
| YoY Change | |||
| Common Stock | |||
| YoY Change | |||
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | |||
| YoY Change | |||
| Treasury Stock Shares | |||
| Shareholders Equity | $824.1K | -$608.3K | -$608.3K |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $2.209M | $297.9K | $297.9K |
| YoY Change | 641.46% | 1030.83% | 1030.83% |
Cashflow Statement
| Concept | 2021 | 2020 Q4 | 2020 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | -$770.2K | -$93.67K | -$327.4K |
| YoY Change | 135.25% | -32.4% | 96.61% |
| Depreciation, Depletion And Amortization | $36.06K | $0.00 | |
| YoY Change | |||
| Cash From Operating Activities | -$354.7K | -$39.13K | -$165.6K |
| YoY Change | 114.27% | -65.8% | 22.78% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | -$154.6K | -$15.70K | -$31.70K |
| YoY Change | 387.6% | ||
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | |||
| YoY Change | |||
| Cash From Investing Activities | -$154.6K | -$15.70K | -$31.70K |
| YoY Change | 387.6% | ||
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | $0.00 | ||
| YoY Change | -100.0% | ||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | 701.8K | 122.5K | 268.0K |
| YoY Change | 161.85% | -10.48% | 69.17% |
| NET CHANGE | |||
| Cash From Operating Activities | -354.7K | -39.13K | -165.6K |
| Cash From Investing Activities | -154.6K | -15.70K | -31.70K |
| Cash From Financing Activities | 701.8K | 122.5K | 268.0K |
| Net Change In Cash | 192.5K | 67.67K | 70.76K |
| YoY Change | 172.06% | 201.83% | 199.96% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | -$354.7K | -$39.13K | -$165.6K |
| Capital Expenditures | -$154.6K | -$15.70K | -$31.70K |
| Free Cash Flow | -$200.2K | -$23.43K | -$133.9K |
| YoY Change | 49.54% |
Facts In Submission
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