2021 Form 10-K Financial Statement
#000149315222009892 Filed on April 14, 2022
Income Statement
| Concept | 2021 | 2020 Q4 | 2020 |
|---|---|---|---|
| Revenue | $4.915M | $160.0K | $640.0K |
| YoY Change | 668.01% | -52.94% | -50.0% |
| Cost Of Revenue | $1.212M | $160.0K | $730.0K |
| YoY Change | 66.0% | 77.78% | -29.81% |
| Gross Profit | $3.703M | $10.00K | -$90.00K |
| YoY Change | -4214.93% | -96.0% | -137.5% |
| Gross Profit Margin | 75.35% | 6.25% | -14.06% |
| Selling, General & Admin | $5.971M | $1.630M | $5.140M |
| YoY Change | 16.16% | -26.91% | -25.62% |
| % of Gross Profit | 161.22% | 16300.0% | |
| Research & Development | |||
| YoY Change | |||
| % of Gross Profit | |||
| Depreciation & Amortization | $145.7K | $30.00K | $170.0K |
| YoY Change | -14.32% | -40.0% | -15.0% |
| % of Gross Profit | 3.93% | 300.0% | |
| Operating Expenses | $6.116M | $1.650M | $5.310M |
| YoY Change | 15.18% | -27.63% | -25.32% |
| Operating Profit | -$2.413M | -$1.640M | -$5.400M |
| YoY Change | -55.32% | -19.21% | -21.4% |
| Interest Expense | -$381.2K | -$30.00K | -$190.0K |
| YoY Change | 100.65% | -72.73% | -26.92% |
| % of Operating Profit | |||
| Other Income/Expense, Net | $162.5K | $0.00 | $0.00 |
| YoY Change | |||
| Pretax Income | -$2.389M | -$2.050M | -$5.780M |
| YoY Change | -58.67% | -4.21% | -16.95% |
| Income Tax | |||
| % Of Pretax Income | |||
| Net Earnings | -$2.192M | -$2.040M | -$5.650M |
| YoY Change | -61.21% | 2.0% | -15.17% |
| Net Earnings / Revenue | -44.59% | -1275.0% | -882.81% |
| Basic Earnings Per Share | -$3.28 | ||
| Diluted Earnings Per Share | -$273.3K | -$400.8K | -$1.311M |
| COMMON SHARES | |||
| Basic Shares Outstanding | 668.3K shares | ||
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2021 | 2020 Q4 | 2020 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $3.649M | $190.0K | $190.0K |
| YoY Change | 1820.74% | 72.73% | 72.73% |
| Cash & Equivalents | $134.5K | ||
| Short-Term Investments | $0.00 | $50.00K | $50.00K |
| Other Short-Term Assets | $965.0K | $380.0K | $380.0K |
| YoY Change | 153.95% | -24.0% | -24.0% |
| Inventory | $1.491M | $1.170M | $1.170M |
| Prepaid Expenses | |||
| Receivables | $1.586M | $510.0K | $510.0K |
| Other Receivables | $290.9K | $280.0K | $280.0K |
| Total Short-Term Assets | $7.982M | $2.520M | $2.520M |
| YoY Change | 216.74% | 3.7% | 3.7% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $5.444M | $2.860M | $2.860M |
| YoY Change | 90.35% | -1.72% | -1.72% |
| Goodwill | |||
| YoY Change | |||
| Intangibles | |||
| YoY Change | |||
| Long-Term Investments | $7.000M | $0.00 | $0.00 |
| YoY Change | |||
| Other Assets | $860.4K | $590.0K | $590.0K |
| YoY Change | 45.83% | 3.51% | 3.51% |
| Total Long-Term Assets | $16.33M | $3.450M | $3.450M |
| YoY Change | 373.39% | -1.15% | -1.15% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $7.982M | $2.520M | $2.520M |
| Total Long-Term Assets | $16.33M | $3.450M | $3.450M |
| Total Assets | $24.31M | $5.970M | $5.970M |
| YoY Change | 307.27% | 0.84% | 0.84% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $507.7K | $890.0K | $890.0K |
| YoY Change | -42.95% | 8.54% | 8.54% |
| Accrued Expenses | $1.141M | $1.400M | $1.400M |
| YoY Change | -18.52% | 9.38% | 9.38% |
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $5.735M | $1.270M | $1.270M |
| YoY Change | 351.6% | -30.98% | -30.98% |
| Long-Term Debt Due | $223.4K | $440.0K | $440.0K |
| YoY Change | -49.24% | -43.59% | -43.59% |
| Total Short-Term Liabilities | $8.481M | $5.100M | $5.100M |
| YoY Change | 66.3% | -11.15% | -11.15% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $94.00K | $310.0K | $310.0K |
| YoY Change | -69.68% | 210.0% | 210.0% |
| Other Long-Term Liabilities | $1.647M | $170.0K | $170.0K |
| YoY Change | 868.55% | 88.89% | 88.89% |
| Total Long-Term Liabilities | $1.741M | $480.0K | $480.0K |
| YoY Change | 262.61% | 152.63% | 152.63% |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $8.481M | $5.100M | $5.100M |
| Total Long-Term Liabilities | $1.741M | $480.0K | $480.0K |
| Total Liabilities | $10.05M | $5.470M | $5.470M |
| YoY Change | 83.77% | -8.07% | -8.07% |
| 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 | $14.26M | $500.0K | $500.0K |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $24.31M | $5.970M | $5.970M |
| YoY Change | 307.27% | 0.84% | 0.84% |
Cashflow Statement
| Concept | 2021 | 2020 Q4 | 2020 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | -$2.192M | -$2.040M | -$5.650M |
| YoY Change | -61.21% | 2.0% | -15.17% |
| Depreciation, Depletion And Amortization | $145.7K | $30.00K | $170.0K |
| YoY Change | -14.32% | -40.0% | -15.0% |
| Cash From Operating Activities | -$6.810M | -$1.260M | -$4.940M |
| YoY Change | 37.85% | 34.04% | -18.75% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | -$1.945M | -$80.00K | -$120.0K |
| YoY Change | 1521.06% | -900.0% | -14.29% |
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | -$7.000M | $0.00 | $0.00 |
| YoY Change | -100.0% | -100.0% | |
| Cash From Investing Activities | -$8.945M | -$80.00K | -$120.0K |
| YoY Change | 7354.39% | 33.33% | -42.86% |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | |||
| YoY Change | |||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | 18.94M | 200.0K | 4.690M |
| YoY Change | 303.94% | -64.29% | -17.72% |
| NET CHANGE | |||
| Cash From Operating Activities | -6.810M | -1.260M | -4.940M |
| Cash From Investing Activities | -8.945M | -80.00K | -120.0K |
| Cash From Financing Activities | 18.94M | 200.0K | 4.690M |
| Net Change In Cash | 3.190M | -1.140M | -370.0K |
| YoY Change | -962.06% | 159.09% | -37.29% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | -$6.810M | -$1.260M | -$4.940M |
| Capital Expenditures | -$1.945M | -$80.00K | -$120.0K |
| Free Cash Flow | -$4.865M | -$1.180M | -$4.820M |
| YoY Change | 0.93% | 24.21% | -18.86% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2021Q4 | VINO |
Investments Exclude Real Estate Heldforsale
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|
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Payments For Offering Costs In Connection With Sale Of Common Stock For Cash
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Net Proceeds From Offering
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Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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Net Proceeds From Offering
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7287004 | USD |
