2024 Q2 Form 10-Q Financial Statement
#000078332424000048 Filed on May 02, 2024
Income Statement
Concept | 2024 Q2 | 2024 Q1 |
---|---|---|
Revenue | $0.00 | $0.00 |
YoY Change | ||
Cost Of Revenue | -$16.91M | |
YoY Change | ||
Gross Profit | $16.91M | |
YoY Change | ||
Gross Profit Margin | ||
Selling, General & Admin | $763.0K | $1.243M |
YoY Change | -13.1% | 6.42% |
% of Gross Profit | 4.51% | |
Research & Development | $645.0K | $765.0K |
YoY Change | -5.43% | -4.85% |
% of Gross Profit | 3.81% | |
Depreciation & Amortization | $14.00K | $12.00K |
YoY Change | 40.0% | 20.0% |
% of Gross Profit | 0.08% | |
Operating Expenses | -$15.49M | $1.218M |
YoY Change | -1086.43% | -38.55% |
Operating Profit | $32.40M | |
YoY Change | ||
Interest Expense | $163.0K | $103.0K |
YoY Change | 132.86% | 49.28% |
% of Operating Profit | 0.5% | |
Other Income/Expense, Net | $146.0K | $145.0K |
YoY Change | 117.91% | 1218.18% |
Pretax Income | $15.63M | -$1.073M |
YoY Change | -1140.12% | -45.56% |
Income Tax | ||
% Of Pretax Income | ||
Net Earnings | $15.63M | -$1.073M |
YoY Change | -1140.12% | -45.56% |
Net Earnings / Revenue | ||
Basic Earnings Per Share | $0.13 | -$0.01 |
Diluted Earnings Per Share | $0.12 | -$0.01 |
COMMON SHARES | ||
Basic Shares Outstanding | 121.8M | 121.5M |
Diluted Shares Outstanding | 125.4M | 121.2M |
Balance Sheet
Concept | 2024 Q2 | 2024 Q1 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $20.23M | $11.91M |
YoY Change | 237.87% | 79.28% |
Cash & Equivalents | $20.23M | $11.91M |
Short-Term Investments | ||
Other Short-Term Assets | $334.0K | $455.0K |
YoY Change | -2.34% | 2.02% |
Inventory | ||
Prepaid Expenses | ||
Receivables | ||
Other Receivables | ||
Total Short-Term Assets | $20.56M | $12.37M |
YoY Change | 224.89% | 74.42% |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $260.0K | $243.0K |
YoY Change | 50.29% | 32.79% |
Goodwill | ||
YoY Change | ||
Intangibles | ||
YoY Change | ||
Long-Term Investments | ||
YoY Change | ||
Other Assets | $69.00K | $69.00K |
YoY Change | ||
Total Long-Term Assets | $412.0K | $2.962M |
YoY Change | -82.23% | 27.18% |
TOTAL ASSETS | ||
Total Short-Term Assets | $20.56M | $12.37M |
Total Long-Term Assets | $412.0K | $2.962M |
Total Assets | $20.97M | $15.33M |
YoY Change | 142.52% | 62.74% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $190.0K | $354.0K |
YoY Change | 245.45% | 62.39% |
Accrued Expenses | $613.0K | $814.0K |
YoY Change | -12.8% | 31.08% |
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | $0.00 | $0.00 |
YoY Change | ||
Long-Term Debt Due | ||
YoY Change | ||
Total Short-Term Liabilities | $803.0K | $1.168M |
YoY Change | 5.94% | 39.21% |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $0.00 | $0.00 |
YoY Change | ||
Other Long-Term Liabilities | $28.00K | $25.00K |
YoY Change | -22.22% | -24.24% |
Total Long-Term Liabilities | $28.00K | $10.03M |
YoY Change | -22.22% | 30278.79% |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $803.0K | $1.168M |
Total Long-Term Liabilities | $28.00K | $10.03M |
Total Liabilities | $831.0K | $11.19M |
YoY Change | 4.66% | 1183.6% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | -$456.8M | -$472.5M |
YoY Change | -2.44% | 1.22% |
Common Stock | $477.0M | $476.6M |
YoY Change | 0.18% | 0.27% |
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | ||
YoY Change | ||
Treasury Stock Shares | ||
Shareholders Equity | $20.14M | $4.137M |
YoY Change | ||
Total Liabilities & Shareholders Equity | $20.97M | $15.33M |
YoY Change | 142.52% | 62.74% |
Cashflow Statement
Concept | 2024 Q2 | 2024 Q1 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | $15.63M | -$1.073M |
YoY Change | -1140.12% | -45.56% |
Depreciation, Depletion And Amortization | $14.00K | $12.00K |
YoY Change | 40.0% | 20.0% |
Cash From Operating Activities | -$1.377M | -$1.416M |
YoY Change | 12.96% | -20.27% |
INVESTING ACTIVITIES | ||
Capital Expenditures | $31.00K | $51.00K |
YoY Change | ||
Acquisitions | ||
YoY Change | ||
Other Investing Activities | $9.476M | $7.396M |
YoY Change | ||
Cash From Investing Activities | $9.445M | $7.345M |
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 | 244.0K | -85.00K |
YoY Change | -56.43% | -127.33% |
NET CHANGE | ||
Cash From Operating Activities | -1.377M | -1.416M |
Cash From Investing Activities | 9.445M | 7.345M |
Cash From Financing Activities | 244.0K | -85.00K |
Net Change In Cash | 8.312M | 5.844M |
YoY Change | -1361.31% | -498.91% |
FREE CASH FLOW | ||
Cash From Operating Activities | -$1.377M | -$1.416M |
Capital Expenditures | $31.00K | $51.00K |
Free Cash Flow | -$1.408M | -$1.467M |
YoY Change | 15.5% | -17.4% |
Facts In Submission
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AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
5526000 | |
CY2024Q1 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
243000 | |
CY2023Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
5718000 | |
CY2023Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
5514000 | |
CY2023Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
204000 | |
CY2024Q1 | us-gaap |
Accounts Payable Other Current
AccountsPayableOtherCurrent
|
310000 | |
CY2023Q4 | us-gaap |
Accounts Payable Other Current
AccountsPayableOtherCurrent
|
152000 | |
CY2024Q1 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
504000 | |
CY2023Q4 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
597000 | |
CY2024Q1 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
814000 | |
CY2023Q4 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
749000 | |
CY2024Q1 | vgz |
Percentage Of Issued And Outstanding Common Shares For Stock Based Compensation Plan
PercentageOfIssuedAndOutstandingCommonSharesForStockBasedCompensationPlan
|
0.10 | |
CY2024Q1 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
291000 | |
CY2023Q1 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
179000 | |
CY2022Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
1367000 | |
CY2022Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
0.71 | |
CY2022 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
|
P0Y7M20D | |
CY2023 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
|
967000 | |
CY2023 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
|
0.71 | |
CY2023Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
400000 | |
CY2023Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
0.70 | |
CY2023 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
|
P0Y5M19D | |
CY2024Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
400000 | |
CY2024Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
0.70 | |
CY2024Q1 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
|
P0Y3M | |
CY2024Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
|
3000 | |
CY2024Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
|
400000 | |
CY2024Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
|
0.70 | |
CY2024Q1 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
|
P0Y3M | |
CY2024Q1 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
|
3000 | |
CY2024Q1 | us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
1 | |
CY2023Q1 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
0 | |
CY2024Q1 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
0 | |
CY2024Q1 | ecd |
Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
|
false | |
CY2024Q1 | ecd |
Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
|
false | |
CY2024Q1 | ecd |
Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
|
false | |
CY2024Q1 | ecd |
Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
|
false |