2022 Q1 Form 10-Q Financial Statement
#000121390022025957 Filed on May 12, 2022
Income Statement
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| Revenue | $0.00 | $0.00 |
| YoY Change | ||
| Cost Of Revenue | ||
| YoY Change | ||
| Gross Profit | ||
| YoY Change | ||
| Gross Profit Margin | ||
| Selling, General & Admin | $279.9K | |
| YoY Change | ||
| % of Gross Profit | ||
| Research & Development | $97.24K | |
| YoY Change | ||
| % of Gross Profit | ||
| Depreciation & Amortization | $2.714K | |
| YoY Change | ||
| % of Gross Profit | ||
| Operating Expenses | $279.9K | $2.070K |
| YoY Change | 13421.26% | |
| Operating Profit | -$1.425M | |
| YoY Change | ||
| Interest Expense | $16.56K | |
| YoY Change | ||
| % of Operating Profit | ||
| Other Income/Expense, Net | ||
| YoY Change | ||
| Pretax Income | -$263.3K | -$2.070K |
| YoY Change | 12620.77% | |
| Income Tax | $0.00 | |
| % Of Pretax Income | ||
| Net Earnings | -$935.4K | -$2.067K |
| YoY Change | 45154.28% | |
| Net Earnings / Revenue | ||
| Basic Earnings Per Share | ||
| Diluted Earnings Per Share | -$12.11K | -$109.40 |
| COMMON SHARES | ||
| Basic Shares Outstanding | ||
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $155.9K | $42.09K |
| YoY Change | 270.47% | |
| Cash & Equivalents | $558.7K | $42.09K |
| Short-Term Investments | ||
| Other Short-Term Assets | $170.0K | $26.80K |
| YoY Change | 534.33% | |
| Inventory | ||
| Prepaid Expenses | ||
| Receivables | ||
| Other Receivables | ||
| Total Short-Term Assets | $325.9K | $68.89K |
| YoY Change | 373.12% | |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | ||
| YoY Change | ||
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | $174.2M | |
| YoY Change | ||
| Other Assets | $268.4K | |
| YoY Change | ||
| Total Long-Term Assets | $174.2M | $268.4K |
| YoY Change | 64827.61% | |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $325.9K | $68.89K |
| Total Long-Term Assets | $174.2M | $268.4K |
| Total Assets | $174.6M | $337.3K |
| YoY Change | 51661.9% | |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $790.8K | |
| YoY Change | ||
| Accrued Expenses | $55.73K | |
| YoY Change | ||
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $263.3K |
| YoY Change | -100.0% | |
| Long-Term Debt Due | ||
| YoY Change | ||
| Total Short-Term Liabilities | $118.7K | $319.0K |
| YoY Change | -62.79% | |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Other Long-Term Liabilities | $6.038M | |
| YoY Change | ||
| Total Long-Term Liabilities | $6.038M | $0.00 |
| YoY Change | ||
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $118.7K | $319.0K |
| Total Long-Term Liabilities | $6.038M | $0.00 |
| Total Liabilities | $6.156M | $319.0K |
| YoY Change | 1829.61% | |
| 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 | -$6.481M | $18.22K |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $174.6M | $337.3K |
| YoY Change | 51661.9% |
Cashflow Statement
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$935.4K | -$2.067K |
| YoY Change | 45154.28% | |
| Depreciation, Depletion And Amortization | $2.714K | |
| YoY Change | ||
| Cash From Operating Activities | -$349.6K | -$28.87K |
| YoY Change | 1110.91% | |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | ||
| 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 | ||
| YoY Change | ||
| Cash From Financing Activities | 59.83K | |
| YoY Change | ||
| NET CHANGE | ||
| Cash From Operating Activities | -349.6K | -28.87K |
| Cash From Investing Activities | ||
| Cash From Financing Activities | 59.83K | |
| Net Change In Cash | $0.00 | 30.96K |
| YoY Change | -100.0% | |
| FREE CASH FLOW | ||
| Cash From Operating Activities | -$349.6K | -$28.87K |
| Capital Expenditures | ||
| Free Cash Flow | ||
| YoY Change |
Facts In Submission
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|---|---|---|---|---|
| CY2022Q1 | dei |
Entity Central Index Key
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|
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Commitments And Contingencies
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Interest Earned On Cash And Marketable Securities Held In Trust Account
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|
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Increase Decrease In Accounts Payable And Accrued Liabilities
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|
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|
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Other Deferred Costs Net
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|
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Deferred Offering Costs
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Repayments Of Related Party Debt
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|
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Payments Of Stock Issuance Costs
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|
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Net Cash Provided By Used In Financing Activities
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|
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