2021 Form 10-K Financial Statement
#000149315222006140 Filed on March 07, 2022
Income Statement
| Concept | 2021 | 2020 Q4 | 2020 |
|---|---|---|---|
| Revenue | $631.0K | $160.0K | $1.060M |
| YoY Change | -40.47% | -71.93% | -52.25% |
| Cost Of Revenue | $10.77M | $2.420M | $9.170M |
| YoY Change | 17.45% | -6.56% | 16.08% |
| Gross Profit | -$10.14M | -$2.260M | -$8.110M |
| YoY Change | 25.02% | 12.44% | 42.78% |
| Gross Profit Margin | -1606.81% | -1412.5% | -765.09% |
| Selling, General & Admin | $38.34M | $7.130M | $20.65M |
| YoY Change | 85.64% | 46.56% | |
| % of Gross Profit | |||
| Research & Development | $19.56M | $4.820M | $14.86M |
| YoY Change | 31.62% | 11.06% | -43.56% |
| % of Gross Profit | |||
| Depreciation & Amortization | $1.835M | $430.0K | $1.650M |
| YoY Change | 11.21% | 7.5% | 37.5% |
| % of Gross Profit | |||
| Operating Expenses | $57.89M | $11.96M | $35.51M |
| YoY Change | 63.03% | 543.01% | -12.17% |
| Operating Profit | -$68.03M | -$14.22M | -$43.62M |
| YoY Change | 55.97% | 267.44% | -5.4% |
| Interest Expense | -$1.721M | -$1.150M | -$2.610M |
| YoY Change | -34.06% | 61.97% | 8.3% |
| % of Operating Profit | |||
| Other Income/Expense, Net | |||
| YoY Change | |||
| Pretax Income | -$69.75M | -$15.36M | -$46.23M |
| YoY Change | 50.88% | 41.18% | -15.65% |
| Income Tax | $0.00 | ||
| % Of Pretax Income | |||
| Net Earnings | -$69.75M | -$15.36M | -$46.23M |
| YoY Change | 50.88% | 41.18% | -15.65% |
| Net Earnings / Revenue | -11054.36% | -9600.0% | -4361.32% |
| Basic Earnings Per Share | -$0.27 | ||
| Diluted Earnings Per Share | -$273.6K | -$63.23K | -$211.8K |
| COMMON SHARES | |||
| Basic Shares Outstanding | 254.9M shares | ||
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2021 | 2020 Q4 | 2020 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $121.7M | $119.1M | $119.1M |
| YoY Change | 2.18% | 169.46% | 169.46% |
| Cash & Equivalents | $93.83M | ||
| Short-Term Investments | $0.00 | $25.30M | $25.30M |
| Other Short-Term Assets | $4.568M | $10.70M | $10.70M |
| YoY Change | -57.31% | 613.33% | 613.33% |
| Inventory | $2.576M | $2.200M | $2.200M |
| Prepaid Expenses | |||
| Receivables | $8.000K | $100.0K | $100.0K |
| Other Receivables | $1.438M | $0.00 | $0.00 |
| Total Short-Term Assets | $130.3M | $132.0M | $132.0M |
| YoY Change | -1.3% | 180.85% | 180.85% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $14.38M | $12.30M | $12.30M |
| YoY Change | 16.92% | 5.13% | 5.13% |
| Goodwill | |||
| YoY Change | |||
| Intangibles | |||
| YoY Change | |||
| Long-Term Investments | |||
| YoY Change | |||
| Other Assets | $1.259M | $600.0K | $600.0K |
| YoY Change | 109.83% | 0.0% | 0.0% |
| Total Long-Term Assets | $79.99M | $77.40M | $77.40M |
| YoY Change | 3.35% | 2.93% | 2.93% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $130.3M | $132.0M | $132.0M |
| Total Long-Term Assets | $79.99M | $77.40M | $77.40M |
| Total Assets | $210.3M | $209.4M | $209.4M |
| YoY Change | 0.42% | 71.36% | 71.36% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $4.280M | $3.700M | $3.700M |
| YoY Change | 15.68% | 236.36% | 236.36% |
| Accrued Expenses | $16.13M | $12.20M | $12.20M |
| YoY Change | 32.25% | 0.83% | 0.83% |
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Long-Term Debt Due | $0.00 | ||
| YoY Change | -100.0% | ||
| Total Short-Term Liabilities | $32.59M | $17.30M | $17.30M |
| YoY Change | 88.36% | -41.95% | -41.95% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $28.44M | $16.30M | $16.30M |
| YoY Change | 74.48% | ||
| Other Long-Term Liabilities | $5.367M | $4.000M | $4.000M |
| YoY Change | 34.18% | -4.76% | -4.76% |
| Total Long-Term Liabilities | $33.81M | $20.30M | $20.30M |
| YoY Change | 66.54% | 383.33% | |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $32.59M | $17.30M | $17.30M |
| Total Long-Term Liabilities | $33.81M | $20.30M | $20.30M |
| Total Liabilities | $66.39M | $37.70M | $37.70M |
| YoY Change | 76.11% | 11.21% | 11.21% |
| 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 | $143.9M | $171.7M | $171.7M |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $210.3M | $209.4M | $209.4M |
| YoY Change | 0.42% | 71.36% | 71.36% |
Cashflow Statement
Facts In Submission
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|---|---|---|---|---|
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Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
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Short Term Investments
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Unrealized Holding Gains On Short Term Investment
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|
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Inventory Finished Goods
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Deferred Funding Current
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