2022 Q1 Form 10-Q Financial Statement
#000078332422000021 Filed on May 02, 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 | $1.401M | $1.315M |
YoY Change | 6.54% | -4.43% |
% of Gross Profit | ||
Research & Development | $1.789M | $1.751M |
YoY Change | 2.17% | 84.7% |
% of Gross Profit | ||
Depreciation & Amortization | $14.00K | $11.00K |
YoY Change | 27.27% | -8.33% |
% of Gross Profit | ||
Operating Expenses | $321.0K | $3.077M |
YoY Change | -89.57% | 31.72% |
Operating Profit | ||
YoY Change | ||
Interest Expense | $1.000K | -$29.00K |
YoY Change | -103.45% | -97.41% |
% of Operating Profit | ||
Other Income/Expense, Net | $1.000K | -$22.00K |
YoY Change | -104.55% | -98.11% |
Pretax Income | -$320.0K | -$3.099M |
YoY Change | -89.67% | -11.46% |
Income Tax | ||
% Of Pretax Income | ||
Net Earnings | -$320.0K | -$3.099M |
YoY Change | -89.67% | -11.46% |
Net Earnings / Revenue | ||
Basic Earnings Per Share | $0.00 | -$0.03 |
Diluted Earnings Per Share | $0.00 | -$0.03 |
COMMON SHARES | ||
Basic Shares Outstanding | 117.4M | 103.5M |
Diluted Shares Outstanding | 117.4M | 103.5M |
Balance Sheet
Concept | 2022 Q1 | 2021 Q1 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $12.86M | $7.416M |
YoY Change | 73.37% | 35.53% |
Cash & Equivalents | $12.48M | $7.153M |
Short-Term Investments | $373.0K | $263.0K |
Other Short-Term Assets | $663.0K | $656.0K |
YoY Change | 1.07% | 95.24% |
Inventory | ||
Prepaid Expenses | ||
Receivables | ||
Other Receivables | ||
Total Short-Term Assets | $13.52M | $8.072M |
YoY Change | 67.49% | 38.98% |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $224.0K | $5.632M |
YoY Change | -96.02% | -27.98% |
Goodwill | ||
YoY Change | ||
Intangibles | ||
YoY Change | ||
Long-Term Investments | ||
YoY Change | ||
Other Assets | ||
YoY Change | ||
Total Long-Term Assets | $2.378M | $7.807M |
YoY Change | -69.54% | -0.17% |
TOTAL ASSETS | ||
Total Short-Term Assets | $13.52M | $8.072M |
Total Long-Term Assets | $2.378M | $7.807M |
Total Assets | $15.90M | $15.88M |
YoY Change | 0.12% | 16.52% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $722.0K | $176.0K |
YoY Change | 310.23% | 37.5% |
Accrued Expenses | $820.0K | $857.0K |
YoY Change | -4.32% | 13.06% |
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | $0.00 | $0.00 |
YoY Change | ||
Long-Term Debt Due | ||
YoY Change | ||
Total Short-Term Liabilities | $1.542M | $2.201M |
YoY Change | -29.94% | 148.42% |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $0.00 | $0.00 |
YoY Change | ||
Other Long-Term Liabilities | $25.00K | $25.00K |
YoY Change | 0.0% | -99.22% |
Total Long-Term Liabilities | $265.0K | $265.0K |
YoY Change | 0.0% | -91.73% |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $1.542M | $2.201M |
Total Long-Term Liabilities | $265.0K | $265.0K |
Total Liabilities | $1.807M | $2.466M |
YoY Change | -26.72% | -39.74% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | -$460.2M | -$447.7M |
YoY Change | 2.78% | |
Common Stock | $474.3M | $461.2M |
YoY Change | 2.85% | |
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | ||
YoY Change | ||
Treasury Stock Shares | ||
Shareholders Equity | $14.09M | $13.41M |
YoY Change | ||
Total Liabilities & Shareholders Equity | $15.90M | $15.88M |
YoY Change | 0.12% | 16.52% |
Cashflow Statement
Concept | 2022 Q1 | 2021 Q1 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | -$320.0K | -$3.099M |
YoY Change | -89.67% | -11.46% |
Depreciation, Depletion And Amortization | $14.00K | $11.00K |
YoY Change | 27.27% | -8.33% |
Cash From Operating Activities | -$2.452M | -$2.525M |
YoY Change | -2.89% | 44.87% |
INVESTING ACTIVITIES | ||
Capital Expenditures | $5.000K | |
YoY Change | ||
Acquisitions | ||
YoY Change | ||
Other Investing Activities | $2.511M | $1.500M |
YoY Change | 67.4% | -42.29% |
Cash From Investing Activities | $2.506M | $1.500M |
YoY Change | 67.07% | -42.29% |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | $610.0K | |
YoY Change | ||
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | -327.0K | 416.0K |
YoY Change | -178.61% | |
NET CHANGE | ||
Cash From Operating Activities | -2.452M | -2.525M |
Cash From Investing Activities | 2.506M | 1.500M |
Cash From Financing Activities | -327.0K | 416.0K |
Net Change In Cash | -273.0K | -609.0K |
YoY Change | -55.17% | -171.14% |
FREE CASH FLOW | ||
Cash From Operating Activities | -$2.452M | -$2.525M |
Capital Expenditures | $5.000K | |
Free Cash Flow | -$2.457M | |
YoY Change |
Facts In Submission
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Commitments And Contingencies
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7762000 | |
CY2022Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
12484000 | |
CY2021Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
7153000 | |
CY2022Q1 | us-gaap |
Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
|
373000 | |
CY2021Q4 | us-gaap |
Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
|
384000 | |
CY2022Q1 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
5697000 | |
CY2022Q1 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
5473000 | |
CY2022Q1 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
224000 | |
CY2021Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
5692000 | |
CY2021Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
5459000 | |
CY2021Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
233000 | |
CY2021Q3 | us-gaap |
Warrants Not Settleable In Cash Fair Value Disclosure
WarrantsNotSettleableInCashFairValueDisclosure
|
2074000 | |
CY2020Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
1367000 | |
CY2020Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
0.71 | |
CY2020 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
|
P2Y7M17D | |
CY2020Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
|
507000 | |
CY2021Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
1367000 | |
CY2021Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
0.71 | |
CY2021 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
|
P1Y7M20D | |
CY2022Q1 | vgz |
Percentage Of Issued And Outstanding Common Shares For Stock Based Compensation Plan
PercentageOfIssuedAndOutstandingCommonSharesForStockBasedCompensationPlan
|
0.10 | |
CY2021Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
|
38000 | |
CY2022Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
1367000 | |
CY2022Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
0.71 | |
CY2022Q1 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
|
P1Y4M20D | |
CY2022Q1 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
444000 | |
CY2021Q1 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
421000 | |
CY2022Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
|
466000 | |
CY2022Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
|
1367000 | |
CY2022Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
|
0.71 | |
CY2022Q1 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
|
P1Y4M20D | |
CY2022Q1 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
|
466000 | |
CY2022Q1 | us-gaap |
Accrued Environmental Loss Contingencies Noncurrent
AccruedEnvironmentalLossContingenciesNoncurrent
|
240000 | |
CY2022Q1 | us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
1 | |
CY2021Q1 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
0 | |
CY2022Q1 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
0 |