2022 Q1 Form 10-Q Financial Statement

#000138584922000032 Filed on May 16, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q1
Revenue $2.937M $353.0K
YoY Change 732.01% -10.18%
Cost Of Revenue $2.892M $0.00
YoY Change
Gross Profit $45.00K $353.0K
YoY Change -87.25% -151.53%
Gross Profit Margin 1.53% 100.0%
Selling, General & Admin $5.216M $3.373M
YoY Change 54.64% -16.55%
% of Gross Profit 11591.11% 955.52%
Research & Development $1.170M $3.370M
YoY Change -65.28% 395.59%
% of Gross Profit 2600.0% 954.67%
Depreciation & Amortization $813.0K $766.0K
YoY Change 6.14% 156.19%
% of Gross Profit 1806.67% 217.0%
Operating Expenses $5.216M $3.373M
YoY Change 54.64% -16.55%
Operating Profit -$10.21M -$8.847M
YoY Change 15.44% 13.34%
Interest Expense $9.000K $16.00K
YoY Change -43.75% -95.43%
% of Operating Profit
Other Income/Expense, Net -$4.508M -$2.047M
YoY Change 120.22% -182.14%
Pretax Income -$14.73M -$10.91M
YoY Change 35.01% 92.76%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$14.73M -$10.91M
YoY Change 35.01% 92.62%
Net Earnings / Revenue -501.53% -3090.65%
Basic Earnings Per Share -$0.09 -$0.08
Diluted Earnings Per Share -$0.09 -$0.08
COMMON SHARES
Basic Shares Outstanding 156.6M shares 137.4M shares
Diluted Shares Outstanding 156.6M shares

Balance Sheet

Concept 2022 Q1 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $105.8M $44.10M
YoY Change 139.91% 69.62%
Cash & Equivalents $105.2M $42.70M
Short-Term Investments $600.0K $1.400M
Other Short-Term Assets $2.500M $1.900M
YoY Change 31.58% -5.0%
Inventory $31.36M $29.32M
Prepaid Expenses $2.454M $1.933M
Receivables $3.000M $1.200M
Other Receivables $700.0K $0.00
Total Short-Term Assets $141.6M $75.20M
YoY Change 88.33% 40.54%
LONG-TERM ASSETS
Property, Plant & Equipment $21.39M $23.46M
YoY Change -8.83% -7.63%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $35.60M $2.300M
YoY Change 1447.83% 475.0%
Other Assets $22.00M $22.20M
YoY Change -0.9% 4.23%
Total Long-Term Assets $164.5M $132.0M
YoY Change 24.59% 0.46%
TOTAL ASSETS
Total Short-Term Assets $141.6M $75.20M
Total Long-Term Assets $164.5M $132.0M
Total Assets $306.1M $207.2M
YoY Change 47.72% 12.05%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.910M $2.800M
YoY Change 3.93% -15.15%
Accrued Expenses $1.900M $300.0K
YoY Change 533.33% 0.0%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00
YoY Change -100.0%
Total Short-Term Liabilities $5.004M $14.83M
YoY Change -66.26% -19.42%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $14.00M $13.60M
YoY Change 2.94% -37.04%
Total Long-Term Liabilities $14.00M $13.60M
YoY Change 2.94% -37.04%
TOTAL LIABILITIES
Total Short-Term Liabilities $5.004M $14.83M
Total Long-Term Liabilities $14.00M $13.60M
Total Liabilities $19.02M $28.41M
YoY Change -33.06% -28.91%
SHAREHOLDERS EQUITY
Retained Earnings -$411.0M -$408.7M
YoY Change 0.56% 8.79%
Common Stock $690.4M $581.1M
YoY Change 18.81% 13.13%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $283.1M $175.1M
YoY Change
Total Liabilities & Shareholders Equity $306.1M $207.2M
YoY Change 47.72% 12.05%

Cashflow Statement

Concept 2022 Q1 2021 Q1
OPERATING ACTIVITIES
Net Income -$14.73M -$10.91M
YoY Change 35.01% 92.62%
Depreciation, Depletion And Amortization $813.0K $766.0K
YoY Change 6.14% 156.19%
Cash From Operating Activities -$10.55M -$8.446M
YoY Change 24.89% 1.47%
INVESTING ACTIVITIES
Capital Expenditures $400.0K $600.0K
YoY Change -33.33%
Acquisitions
YoY Change
Other Investing Activities $0.00 $1.170M
YoY Change -100.0% -46.82%
Cash From Investing Activities -$398.0K $571.0K
YoY Change -169.7% -74.05%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $4.164M $29.91M
YoY Change -86.08% 56.66%
Debt Paid & Issued, Net $0.00
YoY Change -100.0%
Cash From Financing Activities $3.590M $30.39M
YoY Change -88.19% 63.65%
NET CHANGE
Cash From Operating Activities -$10.55M -$8.446M
Cash From Investing Activities -$398.0K $571.0K
Cash From Financing Activities $3.590M $30.39M
Net Change In Cash -$7.337M $22.54M
YoY Change -132.55% 109.28%
FREE CASH FLOW
Cash From Operating Activities -$10.55M -$8.446M
Capital Expenditures $400.0K $600.0K
Free Cash Flow -$10.95M -$9.046M
YoY Change 21.03%

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CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
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95.00 USD
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CY2021Q1 efr Change In Value Of Investments Accounted At Fair Value
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1460000 USD

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