2021 Form 10-K Financial Statement
#000168316822002744 Filed on April 15, 2022
Income Statement
| Concept | 2021 | 2020 |
|---|---|---|
| Revenue | $1.088M | $1.458M |
| YoY Change | -25.34% | |
| Cost Of Revenue | $1.051M | $1.356M |
| YoY Change | -22.54% | |
| Gross Profit | $37.75K | $101.4K |
| YoY Change | -62.77% | |
| Gross Profit Margin | 3.47% | 6.96% |
| Selling, General & Admin | $5.501M | $3.387M |
| YoY Change | 62.41% | 334.86% |
| % of Gross Profit | 14572.66% | 3340.4% |
| Research & Development | ||
| YoY Change | ||
| % of Gross Profit | ||
| Depreciation & Amortization | $1.462M | $1.563M |
| YoY Change | -6.41% | 2.52% |
| % of Gross Profit | 3874.15% | 1541.05% |
| Operating Expenses | $6.964M | $4.950M |
| YoY Change | 40.69% | 114.91% |
| Operating Profit | -$6.926M | -$4.848M |
| YoY Change | 42.85% | 110.51% |
| Interest Expense | -$1.991M | $2.526M |
| YoY Change | -178.84% | -30169.76% |
| % of Operating Profit | ||
| Other Income/Expense, Net | $125.3K | $39.56K |
| YoY Change | 216.73% | 107.77% |
| Pretax Income | -$8.705M | -$2.404M |
| YoY Change | 262.04% | 42.69% |
| Income Tax | -$1.050M | $467.0K |
| % Of Pretax Income | ||
| Net Earnings | -$5.484M | -$2.184M |
| YoY Change | 151.14% | 1.13% |
| Net Earnings / Revenue | -503.86% | -149.8% |
| Basic Earnings Per Share | -$0.46 | -$0.23 |
| Diluted Earnings Per Share | -$457.9K | -$211.8K |
| COMMON SHARES | ||
| Basic Shares Outstanding | 11.98M shares | 10.31M shares |
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2021 | 2020 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $3.725M | $4.416M |
| YoY Change | -15.65% | 630.01% |
| Cash & Equivalents | $1.494M | $398.9K |
| Short-Term Investments | $2.231M | $4.017M |
| Other Short-Term Assets | $1.240M | $1.254M |
| YoY Change | -1.1% | -9.52% |
| Inventory | $192.0K | $525.7K |
| Prepaid Expenses | ||
| Receivables | $850.00 | $7.740K |
| Other Receivables | $0.00 | $0.00 |
| Total Short-Term Assets | $5.158M | $6.203M |
| YoY Change | -16.85% | 146.52% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $24.96M | $19.03M |
| YoY Change | 31.11% | 11.36% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | $4.000K | $4.000K |
| YoY Change | 0.0% | -85.71% |
| Total Long-Term Assets | $42.19M | $36.10M |
| YoY Change | 16.87% | -2.67% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $5.158M | $6.203M |
| Total Long-Term Assets | $42.19M | $36.10M |
| Total Assets | $47.35M | $42.30M |
| YoY Change | 11.93% | 6.81% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $1.451M | $1.004M |
| YoY Change | 44.48% | 71.92% |
| Accrued Expenses | $860.9K | $622.9K |
| YoY Change | 38.22% | -1.42% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | -100.0% | |
| Long-Term Debt Due | $4.931M | $1.932M |
| YoY Change | 155.22% | 1426.84% |
| Total Short-Term Liabilities | $7.243M | $3.560M |
| YoY Change | 103.48% | -74.28% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $7.357M | $5.865M |
| YoY Change | 25.44% | 50.36% |
| Other Long-Term Liabilities | $434.1K | $618.7K |
| YoY Change | -29.84% | -25.1% |
| Total Long-Term Liabilities | $7.791M | $6.484M |
| YoY Change | 20.16% | 37.17% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $7.243M | $3.560M |
| Total Long-Term Liabilities | $7.791M | $6.484M |
| Total Liabilities | $24.80M | $17.53M |
| YoY Change | 41.49% | -31.55% |
| 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 | $22.54M | $24.77M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $47.35M | $42.30M |
| YoY Change | 11.93% | 6.81% |
Cashflow Statement
| Concept | 2021 | 2020 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$5.484M | -$2.184M |
| YoY Change | 151.14% | 1.13% |
| Depreciation, Depletion And Amortization | $1.462M | $1.563M |
| YoY Change | -6.41% | 2.52% |
| Cash From Operating Activities | -$2.902M | -$1.754M |
| YoY Change | 65.47% | 797.15% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | -$4.501M | -$1.198M |
| YoY Change | 275.76% | -35.65% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | -$13.37K | -$29.30K |
| YoY Change | -54.37% | -84.84% |
| Cash From Investing Activities | -$4.515M | -$1.227M |
| YoY Change | 267.88% | -40.28% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | $7.735K | |
| YoY Change | ||
| Cash From Financing Activities | 8.511M | 2.775M |
| YoY Change | 206.72% | 43.12% |
| NET CHANGE | ||
| Cash From Operating Activities | -2.902M | -1.754M |
| Cash From Investing Activities | -4.515M | -1.227M |
| Cash From Financing Activities | 8.511M | 2.775M |
| Net Change In Cash | 1.095M | -206.0K |
| YoY Change | -631.44% | -33.88% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | -$2.902M | -$1.754M |
| Capital Expenditures | -$4.501M | -$1.198M |
| Free Cash Flow | $1.600M | -$555.7K |
| YoY Change | -387.83% | -133.35% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2020 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
USD | |
| CY2021Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-35731359 | USD |
| CY2021 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.46 | |
| CY2020 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.23 | |
| CY2021 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
11976116 | shares |
| CY2020 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
10310167 | shares |
