2021 Q4 Form 10-K Financial Statement
#000175392622000356 Filed on March 29, 2022
Income Statement
| Concept | 2021 Q4 | 2021 Q3 | 2021 |
|---|---|---|---|
| Revenue | |||
| YoY Change | |||
| Cost Of Revenue | -$130.0K | -$130.0K | |
| YoY Change | -74.0% | -126.0% | |
| Gross Profit | $130.0K | $130.0K | |
| YoY Change | -74.0% | -74.0% | |
| Gross Profit Margin | |||
| Selling, General & Admin | $777.0K | $1.806M | $6.693M |
| YoY Change | -45.66% | 36.82% | -19.65% |
| % of Gross Profit | 597.69% | 5148.46% | |
| Research & Development | $644.0K | $697.0K | $2.370M |
| YoY Change | 84.0% | 148.93% | -51.03% |
| % of Gross Profit | 495.38% | 1823.08% | |
| Depreciation & Amortization | $13.00K | $18.00K | $70.00K |
| YoY Change | 30.0% | -10.0% | -57.32% |
| % of Gross Profit | 10.0% | 53.85% | |
| Operating Expenses | $1.421M | $2.503M | $9.063M |
| YoY Change | -19.72% | 56.44% | -41.13% |
| Operating Profit | -$1.291M | -$2.503M | -$8.933M |
| YoY Change | 1.33% | 56.24% | -40.03% |
| Interest Expense | $8.000K | $2.000K | $12.00K |
| YoY Change | -140.0% | -40.0% | |
| % of Operating Profit | |||
| Other Income/Expense, Net | |||
| YoY Change | |||
| Pretax Income | -$1.283M | -$2.501M | -$8.921M |
| YoY Change | -0.54% | 56.31% | -40.05% |
| Income Tax | |||
| % Of Pretax Income | |||
| Net Earnings | -$1.283M | -$2.501M | -$8.921M |
| YoY Change | -0.62% | 56.02% | -40.05% |
| Net Earnings / Revenue | |||
| Basic Earnings Per Share | -$0.10 | ||
| Diluted Earnings Per Share | -$97.49K | -$190.4K | -$815.5K |
| COMMON SHARES | |||
| Basic Shares Outstanding | 33.80K shares | ||
| Diluted Shares Outstanding | 33.80K shares |
Balance Sheet
| Concept | 2021 Q4 | 2021 Q3 | 2021 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $69.59M | $72.03M | $69.59M |
| YoY Change | 2088.46% | 2851.97% | 2088.46% |
| Cash & Equivalents | $69.59M | $72.03M | $69.59M |
| Short-Term Investments | |||
| Other Short-Term Assets | $914.0K | $1.193M | $914.0K |
| YoY Change | -16.15% | 37.13% | -16.15% |
| Inventory | |||
| Prepaid Expenses | |||
| Receivables | |||
| Other Receivables | |||
| Total Short-Term Assets | $70.51M | $73.22M | $70.51M |
| YoY Change | 1551.6% | 2112.78% | 1551.22% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $117.0K | $387.0K | $345.0K |
| YoY Change | -32.76% | 100.52% | 102.94% |
| Goodwill | |||
| YoY Change | |||
| Intangibles | |||
| YoY Change | |||
| Long-Term Investments | $27.00K | $22.00K | $27.00K |
| YoY Change | 35.0% | 10.0% | 35.0% |
| Other Assets | |||
| YoY Change | |||
| Total Long-Term Assets | $372.0K | $409.0K | $372.0K |
| YoY Change | 94.76% | 92.02% | 95.79% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $70.51M | $73.22M | $70.51M |
| Total Long-Term Assets | $372.0K | $409.0K | $372.0K |
| Total Assets | $70.88M | $73.63M | $70.88M |
| YoY Change | 1489.22% | 1990.57% | 1489.22% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $519.0K | $758.0K | $519.0K |
| YoY Change | 6.79% | 165.96% | 5.92% |
| Accrued Expenses | $548.0K | $2.826M | $1.943M |
| YoY Change | -37.37% | 124.29% | -7.91% |
| Deferred Revenue | $335.0K | ||
| YoY Change | 0.0% | ||
| Short-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Long-Term Debt Due | $0.00 | $0.00 | $0.00 |
| YoY Change | -100.0% | -100.0% | |
| Total Short-Term Liabilities | $2.462M | $3.919M | $2.462M |
| YoY Change | -52.03% | 31.51% | -52.01% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Other Long-Term Liabilities | $52.00K | $102.0K | $52.00K |
| YoY Change | |||
| Total Long-Term Liabilities | $52.00K | $102.0K | $52.00K |
| YoY Change | |||
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $2.462M | $3.919M | $2.462M |
| Total Long-Term Liabilities | $52.00K | $102.0K | $52.00K |
| Total Liabilities | $2.514M | $4.021M | $2.514M |
| YoY Change | -51.01% | 34.93% | -50.99% |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | -$328.6M | ||
| YoY Change | 2.79% | ||
| Common Stock | $347.9M | ||
| YoY Change | 28.81% | ||
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | |||
| YoY Change | |||
| Treasury Stock Shares | |||
| Shareholders Equity | $68.37M | $69.61M | $68.37M |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $70.88M | $73.63M | $70.88M |
| YoY Change | 1489.22% | 1990.57% | 1489.22% |
Cashflow Statement
| Concept | 2021 Q4 | 2021 Q3 | 2021 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | -$1.283M | -$2.501M | -$8.921M |
| YoY Change | -0.62% | 56.02% | -40.05% |
| Depreciation, Depletion And Amortization | $13.00K | $18.00K | $70.00K |
| YoY Change | 30.0% | -10.0% | -57.32% |
| Cash From Operating Activities | -$2.425M | -$1.800M | -$9.188M |
| YoY Change | 67.24% | 21.62% | -45.38% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | -$14.00K | $0.00 | -$14.00K |
| YoY Change | -104.24% | ||
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | $0.00 | $0.00 | $0.00 |
| YoY Change | -100.0% | -100.0% | |
| Cash From Investing Activities | -$14.00K | $0.00 | -$14.00K |
| YoY Change | -100.0% | -120.59% | |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | |||
| YoY Change | |||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | 2.000K | 0.000 | 75.62M |
| YoY Change | -99.91% | 779.46% | |
| NET CHANGE | |||
| Cash From Operating Activities | -2.425M | -1.800M | -9.188M |
| Cash From Investing Activities | -14.00K | 0.000 | -14.00K |
| Cash From Financing Activities | 2.000K | 0.000 | 75.62M |
| Net Change In Cash | -2.437M | -1.800M | 66.41M |
| YoY Change | -424.93% | 66.67% | -914.9% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | -$2.425M | -$1.800M | -$9.188M |
| Capital Expenditures | -$14.00K | $0.00 | -$14.00K |
| Free Cash Flow | -$2.411M | -$1.800M | -$9.174M |
| YoY Change | 66.28% | 21.62% | -46.51% |
Facts In Submission
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|---|---|---|---|---|
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