2021 Q4 Form 10-K Financial Statement
#000083248022000005 Filed on March 25, 2022
Income Statement
| Concept | 2021 Q4 | 2021 | 2020 Q4 |
|---|---|---|---|
| Revenue | $9.137M | $35.61M | $17.33M |
| YoY Change | -47.26% | 30.65% | 79.22% |
| Cost Of Revenue | |||
| YoY Change | |||
| Gross Profit | |||
| YoY Change | |||
| Gross Profit Margin | |||
| Selling, General & Admin | $82.02K | $324.5K | $76.89K |
| YoY Change | 6.67% | -2.64% | -9.15% |
| % of Gross Profit | |||
| Research & Development | |||
| YoY Change | |||
| % of Gross Profit | |||
| Depreciation & Amortization | $894.9K | $2.758M | $1.359M |
| YoY Change | -34.14% | 62.47% | -40.23% |
| % of Gross Profit | |||
| Operating Expenses | $5.643M | $7.116M | $7.524M |
| YoY Change | -25.01% | -9.6% | 22.45% |
| Operating Profit | |||
| YoY Change | |||
| Interest Expense | -$4.050K | $4.051K | |
| YoY Change | |||
| % of Operating Profit | |||
| Other Income/Expense, Net | |||
| YoY Change | |||
| Pretax Income | $3.490M | $11.82M | $9.801M |
| YoY Change | -64.39% | 362.44% | 241.34% |
| Income Tax | $761.3K | $2.070M | $1.970M |
| % Of Pretax Income | 21.81% | 17.5% | 20.11% |
| Net Earnings | $2.708M | $9.663M | $7.802M |
| YoY Change | -65.29% | 362.66% | 157.46% |
| Net Earnings / Revenue | 29.64% | 27.13% | 45.03% |
| Basic Earnings Per Share | $3.05 | ||
| Diluted Earnings Per Share | $855.2K | $3.05 | $2.464M |
| COMMON SHARES | |||
| Basic Shares Outstanding | 3.166M | 3.172M | 3.175M |
| Diluted Shares Outstanding | 3.172M |
Balance Sheet
| Concept | 2021 Q4 | 2021 | 2020 Q4 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | |||
| YoY Change | |||
| Cash & Equivalents | $30.79M | $30.79M | $39.03M |
| Short-Term Investments | |||
| Other Short-Term Assets | |||
| YoY Change | |||
| Inventory | |||
| Prepaid Expenses | |||
| Receivables | |||
| Other Receivables | |||
| Total Short-Term Assets | $18.70M | $18.70M | $17.68M |
| YoY Change | 5.75% | 5.75% | -9.26% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $0.00 | $39.75M | $348.2K |
| YoY Change | -100.0% | 3.42% | -18.6% |
| Goodwill | |||
| YoY Change | |||
| Intangibles | |||
| YoY Change | |||
| Long-Term Investments | $314.3M | $314.3M | $287.6M |
| YoY Change | 9.27% | 9.27% | -0.36% |
| Other Assets | |||
| YoY Change | |||
| Total Long-Term Assets | $419.8M | $419.8M | $401.4M |
| YoY Change | 4.58% | 4.58% | 0.53% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $18.70M | $18.70M | $17.68M |
| Total Long-Term Assets | $419.8M | $419.8M | $401.4M |
| Total Assets | $438.5M | $438.5M | $419.1M |
| YoY Change | 4.63% | 4.63% | 0.07% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | |||
| YoY Change | |||
| Accrued Expenses | |||
| YoY Change | |||
| 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 | $268.5K | ||
| YoY Change | -14.4% | ||
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $24.00M | $24.00M | $0.00 |
| YoY Change | |||
| Other Long-Term Liabilities | $5.194M | $5.194M | $5.288M |
| YoY Change | -1.77% | -1.77% | -8.61% |
| Total Long-Term Liabilities | $29.19M | $29.19M | $5.288M |
| YoY Change | 452.08% | 452.08% | -8.61% |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $268.5K | ||
| Total Long-Term Liabilities | $29.19M | $29.19M | $5.288M |
| Total Liabilities | $297.2M | $297.7M | $281.9M |
| YoY Change | 5.43% | 5.42% | -1.86% |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | $97.73M | $88.07M | |
| YoY Change | 10.97% | 2.43% | |
| Common Stock | $32.78M | $33.03M | |
| YoY Change | -0.74% | -8.29% | |
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | |||
| YoY Change | |||
| Treasury Stock Shares | $1.302M | $1.282M | |
| Shareholders Equity | $140.8M | $140.8M | $136.7M |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $438.5M | $438.5M | $419.1M |
| YoY Change | 4.63% | 4.63% | 0.07% |
Cashflow Statement
| Concept | 2021 Q4 | 2021 | 2020 Q4 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | $2.708M | $9.663M | $7.802M |
| YoY Change | -65.29% | 362.66% | 157.46% |
| Depreciation, Depletion And Amortization | $894.9K | $2.758M | $1.359M |
| YoY Change | -34.14% | 62.47% | -40.23% |
| Cash From Operating Activities | -$2.231M | -$12.45M | -$4.477M |
| YoY Change | -50.16% | -5.96% | 275.08% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | |||
| YoY Change | |||
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | -$14.78M | -$18.05M | $19.39M |
| YoY Change | -176.24% | -167.06% | 385.25% |
| Cash From Investing Activities | -$14.78M | -$18.05M | $19.39M |
| YoY Change | -176.24% | -167.06% | 385.25% |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | $532.4K | ||
| YoY Change | -83.93% | ||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | 23.69M | 22.27M | -610.8K |
| YoY Change | -3977.96% | -747.49% | -338.13% |
| NET CHANGE | |||
| Cash From Operating Activities | -2.231M | -12.45M | -4.477M |
| Cash From Investing Activities | -14.78M | -18.05M | 19.39M |
| Cash From Financing Activities | 23.69M | 22.27M | -610.8K |
| Net Change In Cash | 6.674M | -8.238M | 14.30M |
| YoY Change | -53.34% | -180.47% | 367.58% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | -$2.231M | -$12.45M | -$4.477M |
| Capital Expenditures | |||
| Free Cash Flow | |||
| YoY Change |
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