2022 Q1 Form 10-Q Financial Statement
#000149315222013767 Filed on May 16, 2022
Income Statement
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| Revenue | $1.000K | $8.000K |
| YoY Change | -87.5% | |
| Cost Of Revenue | ||
| YoY Change | ||
| Gross Profit | $1.000K | $8.000K |
| YoY Change | -87.5% | |
| Gross Profit Margin | 100.0% | 100.0% |
| Selling, General & Admin | $68.00K | $65.00K |
| YoY Change | 4.62% | |
| % of Gross Profit | 6800.0% | 812.5% |
| Research & Development | $14.00K | $16.00K |
| YoY Change | -12.5% | |
| % of Gross Profit | 1400.0% | 200.0% |
| Depreciation & Amortization | ||
| YoY Change | ||
| % of Gross Profit | ||
| Operating Expenses | $95.00K | $81.00K |
| YoY Change | 17.28% | |
| Operating Profit | -$94.00K | -$73.00K |
| YoY Change | 28.77% | |
| Interest Expense | -$75.00K | -$7.000K |
| YoY Change | 971.43% | |
| % of Operating Profit | ||
| Other Income/Expense, Net | ||
| YoY Change | ||
| Pretax Income | -$169.0K | -$80.00K |
| YoY Change | 111.25% | |
| Income Tax | ||
| % Of Pretax Income | ||
| Net Earnings | -$169.0K | -$80.00K |
| YoY Change | 111.25% | |
| Net Earnings / Revenue | -16900.0% | -1000.0% |
| Basic Earnings Per Share | -$0.02 | |
| Diluted Earnings Per Share | -$4.863K | -$2.302K |
| COMMON SHARES | ||
| Basic Shares Outstanding | 14.78M shares | |
| Diluted Shares Outstanding | 15.04M shares |
Balance Sheet
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $57.00K | $134.0K |
| YoY Change | -57.46% | |
| Cash & Equivalents | $57.00K | $134.0K |
| Short-Term Investments | ||
| Other Short-Term Assets | $28.00K | $27.00K |
| YoY Change | 3.7% | |
| Inventory | ||
| Prepaid Expenses | ||
| Receivables | $9.000K | $21.00K |
| Other Receivables | $21.00K | $14.00K |
| Total Short-Term Assets | $115.0K | $196.0K |
| YoY Change | -41.33% | |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | ||
| YoY Change | ||
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | ||
| YoY Change | ||
| Total Long-Term Assets | $0.00 | $0.00 |
| YoY Change | ||
| TOTAL ASSETS | ||
| Total Short-Term Assets | $115.0K | $196.0K |
| Total Long-Term Assets | $0.00 | $0.00 |
| Total Assets | $115.0K | $196.0K |
| YoY Change | -41.33% | |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $16.00K | $10.00K |
| YoY Change | 60.0% | |
| Accrued Expenses | $192.0K | |
| YoY Change | ||
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $69.00K | $54.00K |
| YoY Change | 27.78% | |
| Long-Term Debt Due | ||
| YoY Change | ||
| Total Short-Term Liabilities | $2.564M | $2.354M |
| YoY Change | 8.92% | |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Other Long-Term Liabilities | ||
| YoY Change | ||
| Total Long-Term Liabilities | $0.00 | $0.00 |
| YoY Change | ||
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $2.564M | $2.354M |
| Total Long-Term Liabilities | $0.00 | $0.00 |
| Total Liabilities | $2.564M | $2.354M |
| YoY Change | 8.92% | |
| 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 | -$2.449M | -$2.158M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $115.0K | $196.0K |
| YoY Change | -41.33% |
Cashflow Statement
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$169.0K | -$80.00K |
| YoY Change | 111.25% | |
| Depreciation, Depletion And Amortization | ||
| YoY Change | ||
| Cash From Operating Activities | -$1.950M | |
| YoY Change | ||
| INVESTING ACTIVITIES | ||
| Capital Expenditures | $39.00K | |
| YoY Change | ||
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | ||
| YoY Change | ||
| Cash From Investing Activities | ||
| YoY Change | ||
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | $349.0K | |
| YoY Change | ||
| Cash From Financing Activities | -$928.0K | |
| YoY Change | ||
| NET CHANGE | ||
| Cash From Operating Activities | -$1.950M | |
| Cash From Investing Activities | ||
| Cash From Financing Activities | -$928.0K | |
| Net Change In Cash | $0.00 | $0.00 |
| YoY Change | ||
| FREE CASH FLOW | ||
| Cash From Operating Activities | -$1.950M | |
| Capital Expenditures | $39.00K | |
| Free Cash Flow | -$1.989M | |
| YoY Change |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2022Q1 | us-gaap |
Stockholders Equity Reverse Stock Split
StockholdersEquityReverseStockSplit
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a reverse stock split of the Company’s common Stock at a ratio of 1-for-28 (the “Planned Reverse Split”) | |
| CY2022Q1 | us-gaap |
Commitments And Contingencies
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| CY2022Q1 | us-gaap |
Cost Of Revenue
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| CY2021Q1 | us-gaap |
Cost Of Revenue
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Selling And Marketing Expense
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| CY2021Q1 | us-gaap |
Other General Expense
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Income Tax Expense Benefit
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Income Tax Expense Benefit
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Increase Decrease In Accounts Payable And Accrued Liabilities
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| CY2022Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
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| CY2021Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
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| CY2022Q1 | us-gaap |
Deferred Tax Assets Net
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| CY2021Q4 | us-gaap |
Deferred Tax Assets Net
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