2022 Q2 Form 10-Q Financial Statement
#000114036122029417 Filed on August 12, 2022
Income Statement
| Concept | 2022 Q2 | 2021 Q4 | 2021 Q2 |
|---|---|---|---|
| Revenue | $0.00 | $0.00 | $0.00 |
| YoY Change | -100.0% | -100.0% | |
| Cost Of Revenue | $0.00 | $0.00 | |
| YoY Change | -100.0% | -100.0% | |
| Gross Profit | $0.00 | $0.00 | |
| YoY Change | -100.0% | -100.0% | |
| Gross Profit Margin | |||
| Selling, General & Admin | $292.0K | $248.0K | $249.0K |
| YoY Change | 17.27% | -3.13% | -27.19% |
| % of Gross Profit | |||
| Research & Development | |||
| YoY Change | |||
| % of Gross Profit | |||
| Depreciation & Amortization | |||
| YoY Change | |||
| % of Gross Profit | |||
| Operating Expenses | $292.0K | $248.0K | $249.0K |
| YoY Change | 17.27% | -3.13% | -45.63% |
| Operating Profit | -$292.0K | -$248.0K | -$249.0K |
| YoY Change | 17.27% | -129.99% | -280.43% |
| Interest Expense | $0.00 | -$120.0K | $1.000K |
| YoY Change | -100.0% | -76.14% | -85.71% |
| % of Operating Profit | |||
| Other Income/Expense, Net | -$998.0K | -$9.000K | -$136.0K |
| YoY Change | 633.82% | ||
| Pretax Income | -$1.290M | -$377.0K | -$385.0K |
| YoY Change | 235.06% | -216.36% | -741.67% |
| Income Tax | $1.000K | $218.0K | $232.0K |
| % Of Pretax Income | |||
| Net Earnings | -$1.097M | -$503.0K | -$617.0K |
| YoY Change | 77.8% | -437.58% | -1471.11% |
| Net Earnings / Revenue | |||
| Basic Earnings Per Share | -$0.14 | -$0.08 | |
| Diluted Earnings Per Share | -$0.14 | -$64.55K | -$0.08 |
| COMMON SHARES | |||
| Basic Shares Outstanding | 7.792M | 7.792M | |
| Diluted Shares Outstanding | 7.792M | 7.792M |
Balance Sheet
| Concept | 2022 Q2 | 2021 Q4 | 2021 Q2 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $1.096M | $2.178M | $2.820M |
| YoY Change | -61.13% | 7.29% | 41.78% |
| Cash & Equivalents | $1.096M | $2.178M | $2.820M |
| Short-Term Investments | |||
| Other Short-Term Assets | $57.00K | $65.00K | $89.00K |
| YoY Change | -35.96% | -34.34% | -9.18% |
| Inventory | |||
| Prepaid Expenses | |||
| Receivables | $0.00 | $0.00 | |
| Other Receivables | $0.00 | $0.00 | |
| Total Short-Term Assets | $1.153M | $2.243M | $2.909M |
| YoY Change | -60.36% | -25.41% | -11.96% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $40.00K | $59.00K | $77.00K |
| YoY Change | -48.05% | -37.23% | -31.25% |
| Goodwill | $315.0K | $315.0K | |
| YoY Change | |||
| Intangibles | |||
| YoY Change | |||
| Long-Term Investments | $150.0K | $141.0K | $164.0K |
| YoY Change | -8.54% | -11.88% | -34.4% |
| Other Assets | $466.0K | $1.386M | $923.0K |
| YoY Change | -49.51% | 29.29% | -43.75% |
| Total Long-Term Assets | $506.0K | $1.445M | $1.164M |
| YoY Change | -56.53% | 23.93% | -33.6% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $1.153M | $2.243M | $2.909M |
| Total Long-Term Assets | $506.0K | $1.445M | $1.164M |
| Total Assets | $1.659M | $3.688M | $4.073M |
| YoY Change | -59.27% | -11.62% | -19.46% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $83.00K | $169.0K | $135.0K |
| YoY Change | -38.52% | -42.8% | |
| Accrued Expenses | $45.00K | $43.00K | $41.00K |
| YoY Change | 9.76% | 7.5% | 7.89% |
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Long-Term Debt Due | $0.00 | $0.00 | |
| YoY Change | -100.0% | -100.0% | |
| Total Short-Term Liabilities | $406.0K | $626.0K | $366.0K |
| YoY Change | 10.93% | 52.68% | -76.92% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Other Long-Term Liabilities | $11.00K | $34.00K | $56.00K |
| YoY Change | -80.36% | -55.84% | -42.86% |
| Total Long-Term Liabilities | $11.00K | $34.00K | $56.00K |
| YoY Change | -80.36% | -55.84% | -42.86% |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $406.0K | $626.0K | $366.0K |
| Total Long-Term Liabilities | $11.00K | $34.00K | $56.00K |
| Total Liabilities | $417.0K | $660.0K | $422.0K |
| YoY Change | -1.18% | 35.52% | -74.94% |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | -$1.891M | -$373.0K | |
| YoY Change | -173.43% | ||
| Common Stock | $2.949M | $2.949M | |
| YoY Change | -7.21% | ||
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | |||
| YoY Change | |||
| Treasury Stock Shares | |||
| Shareholders Equity | $1.058M | $2.576M | $3.651M |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $1.659M | $3.688M | $4.073M |
| YoY Change | -59.27% | -11.62% | -19.46% |
Cashflow Statement
| Concept | 2022 Q2 | 2021 Q4 | 2021 Q2 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | -$1.097M | -$503.0K | -$617.0K |
| YoY Change | 77.8% | -437.58% | -1471.11% |
| Depreciation, Depletion And Amortization | |||
| YoY Change | |||
| Cash From Operating Activities | -$571.0K | -$268.0K | $421.0K |
| YoY Change | -235.63% | -145.04% | 82.25% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | |||
| YoY Change | |||
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | $9.000K | -$121.0K | -$144.0K |
| YoY Change | -106.25% | -650.0% | -144.86% |
| Cash From Investing Activities | $9.000K | -$121.0K | -$144.0K |
| YoY Change | -106.25% | -650.0% | -144.86% |
| 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 | 0.000 | 0.000 |
| YoY Change | -100.0% | -100.0% | |
| NET CHANGE | |||
| Cash From Operating Activities | -571.0K | -268.0K | 421.0K |
| Cash From Investing Activities | 9.000K | -121.0K | -144.0K |
| Cash From Financing Activities | 0.000 | 0.000 | 0.000 |
| Net Change In Cash | -562.0K | -389.0K | 277.0K |
| YoY Change | -302.89% | -173.4% | 8.63% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | -$571.0K | -$268.0K | $421.0K |
| Capital Expenditures | |||
| Free Cash Flow | |||
| YoY Change |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2021Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
7792185 | |
| CY2021Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
7792185 | |
| CY2022Q2 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
7792185 | |
| CY2021Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
232000 | |
| CY2021Q2 | us-gaap |
Profit Loss
ProfitLoss
|
-617000 | |
| CY2021Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.08 | |
| CY2021Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.08 | |
| us-gaap |
Profit Loss
ProfitLoss
|
-325000 | ||
| us-gaap |
Increase Decrease In Income Taxes
IncreaseDecreaseInIncomeTaxes
|
369000 | ||
| dei |
Amendment Flag
AmendmentFlag
|
false | ||
| dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | ||
| dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2022 | ||
| dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q2 | ||
| dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001089815 | ||
| CY2022Q2 | us-gaap |
Due To Related Parties Current
DueToRelatedPartiesCurrent
|
47000 | |
| CY2021Q4 | us-gaap |
Due To Related Parties Current
DueToRelatedPartiesCurrent
|
0 | |
| CY2022Q2 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
7792185 | |
| CY2022Q2 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-998000 | |
| CY2021Q2 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-136000 | |
| us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-1131000 | ||
| us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-269000 | ||
| usnu |
Renovation Installation And Operation Agreement Period
RenovationInstallationAndOperationAgreementPeriod
|
P14Y | ||
| us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0 | ||
| us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
3.04 | ||
| us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
3000 | ||
| us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
484000 | ||
| us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
484000 | ||
| us-gaap |
Profit Loss
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|
-325000 | ||
| us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.04 | ||
| us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.04 | ||
| us-gaap |
Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
|
0 |
