2022 Q1 Form 10-Q Financial Statement
#000121390022027058 Filed on May 16, 2022
Income Statement
| Concept | 2022 Q1 | 2021 | 2020 |
|---|---|---|---|
| Revenue | $929.1K | $1.700M | $217.1K |
| YoY Change | 683.25% | ||
| Cost Of Revenue | $612.1K | $1.135M | $175.3K |
| YoY Change | 547.5% | ||
| Gross Profit | $317.1K | $564.9K | $41.74K |
| YoY Change | 1253.47% | ||
| Gross Profit Margin | 34.13% | 33.23% | 19.23% |
| Selling, General & Admin | $4.608M | $10.53M | $1.333M |
| YoY Change | 690.04% | 204.96% | |
| % of Gross Profit | 1453.19% | 1864.17% | 3193.65% |
| Research & Development | |||
| YoY Change | |||
| % of Gross Profit | |||
| Depreciation & Amortization | $120.00 | $470.00 | $320.00 |
| YoY Change | 46.88% | 3100.0% | |
| % of Gross Profit | 0.04% | 0.08% | 0.77% |
| Operating Expenses | $4.608M | $10.53M | $1.333M |
| YoY Change | 690.04% | 204.96% | |
| Operating Profit | -$4.291M | -$9.967M | -$1.291M |
| YoY Change | 671.83% | 195.41% | |
| Interest Expense | $20.00K | $22.26K | |
| YoY Change | |||
| % of Operating Profit | |||
| Other Income/Expense, Net | $4.470K | $910.00 | $250.00 |
| YoY Change | 264.0% | -95.0% | |
| Pretax Income | -$4.286M | -$9.966M | -$1.291M |
| YoY Change | 671.91% | 198.77% | |
| Income Tax | |||
| % Of Pretax Income | |||
| Net Earnings | -$4.286M | -$9.966M | -$1.291M |
| YoY Change | 223.99% | 671.91% | 198.77% |
| Net Earnings / Revenue | -461.32% | -586.14% | -594.76% |
| Basic Earnings Per Share | -$0.35 | -$1.12 | |
| Diluted Earnings Per Share | -$348.5K | -$1.123M | -$105.8K |
| COMMON SHARES | |||
| Basic Shares Outstanding | 12.30M shares | 8.871M shares | |
| Diluted Shares Outstanding | 12.30M shares | 8.871M shares |
Balance Sheet
| Concept | 2022 Q1 | 2021 | 2020 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $11.15M | $16.06M | $4.490K |
| YoY Change | 357671.49% | -23.12% | |
| Cash & Equivalents | $11.15M | ||
| Short-Term Investments | |||
| Other Short-Term Assets | $1.251M | $392.7K | $42.52K |
| YoY Change | 823.59% | 226.07% | |
| Inventory | $2.176M | $917.3K | $194.0K |
| Prepaid Expenses | |||
| Receivables | $614.8K | $361.2K | $13.15K |
| Other Receivables | $621.9K | $522.3K | $72.53K |
| Total Short-Term Assets | $15.81M | $18.26M | $326.7K |
| YoY Change | 5488.13% | 602.93% | |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | |||
| YoY Change | |||
| Goodwill | |||
| YoY Change | |||
| Intangibles | |||
| YoY Change | |||
| Long-Term Investments | |||
| YoY Change | |||
| Other Assets | $912.9K | $991.2K | |
| YoY Change | |||
| Total Long-Term Assets | $916.8K | $995.2K | $4.210K |
| YoY Change | 23537.77% | 1813.64% | |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $15.81M | $18.26M | $326.7K |
| Total Long-Term Assets | $916.8K | $995.2K | $4.210K |
| Total Assets | $16.73M | $19.25M | $330.9K |
| YoY Change | 5717.75% | 608.63% | |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $595.8K | $416.7K | $68.87K |
| YoY Change | 505.08% | 7.66% | |
| Accrued Expenses | $1.274M | $1.159M | |
| YoY Change | |||
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $189.8K | $587.3K | $1.725M |
| YoY Change | -65.96% | 323.01% | |
| Long-Term Debt Due | |||
| YoY Change | |||
| Total Short-Term Liabilities | $2.117M | $2.177M | $1.794M |
| YoY Change | 21.33% | 280.25% | |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Other Long-Term Liabilities | |||
| YoY Change | |||
| Total Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $2.117M | $2.177M | $1.794M |
| Total Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
| Total Liabilities | $2.117M | $2.177M | $1.794M |
| YoY Change | 21.33% | 280.25% | |
| 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 | $14.61M | $17.08M | -$1.463M |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $16.73M | $19.25M | $330.9K |
| YoY Change | 5717.75% | 608.63% |
Cashflow Statement
| Concept | 2022 Q1 | 2021 | 2020 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | -$4.286M | -$9.966M | -$1.291M |
| YoY Change | 223.99% | 671.91% | 198.77% |
| Depreciation, Depletion And Amortization | $120.00 | $470.00 | $320.00 |
| YoY Change | 46.88% | 3100.0% | |
| Cash From Operating Activities | -$4.543M | -$5.790M | -$247.0K |
| YoY Change | 2243.73% | -4169.85% | |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | -$250.00 | -$4.310K | |
| YoY Change | -94.2% | 1773.91% | |
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | |||
| YoY Change | |||
| Cash From Investing Activities | -$250.00 | -$4.310K | |
| YoY Change | -94.2% | 1773.91% | |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | |||
| YoY Change | |||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | -370.8K | 21.85M | 250.0K |
| YoY Change | 8639.86% | ||
| NET CHANGE | |||
| Cash From Operating Activities | -4.543M | -5.790M | -247.0K |
| Cash From Investing Activities | -250.0 | -4.310K | |
| Cash From Financing Activities | -370.8K | 21.85M | 250.0K |
| Net Change In Cash | -4.914M | 16.06M | -1.350K |
| YoY Change | -1189689.63% | -123.12% | |
| FREE CASH FLOW | |||
| Cash From Operating Activities | -$4.543M | -$5.790M | -$247.0K |
| Capital Expenditures | -$250.00 | -$4.310K | |
| Free Cash Flow | -$5.790M | -$242.7K | |
| YoY Change | 2285.24% | -3952.86% |
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