2024 Q4 Form 10-Q Financial Statement
#000164033424001765 Filed on November 19, 2024
Income Statement
Concept | 2024 Q4 | 2024 Q3 | 2023 Q3 |
---|---|---|---|
Revenue | $2.423K | $125.6K | $18.48K |
YoY Change | -89.64% | 579.56% | -29.77% |
Cost Of Revenue | $9.552K | $49.60K | $70.52K |
YoY Change | -86.13% | -29.67% | 47.1% |
Gross Profit | -$7.129K | $75.97K | -$52.04K |
YoY Change | -84.31% | -246.0% | 140.62% |
Gross Profit Margin | -294.22% | 60.5% | -281.62% |
Selling, General & Admin | $2.384M | $812.6K | $456.6K |
YoY Change | 355.31% | 77.96% | -43.66% |
% of Gross Profit | 1069.53% | ||
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $67.15K | $70.23K | $102.6K |
YoY Change | -36.05% | -31.55% | 267.05% |
% of Gross Profit | 92.44% | ||
Operating Expenses | $2.435M | -$867.7K | -$456.6K |
YoY Change | -564.99% | 90.03% | -156.34% |
Operating Profit | -$2.442M | $791.7K | -$508.6K |
YoY Change | 329.11% | -255.65% | -38.87% |
Interest Expense | $5.895K | $97.83K | $41.21K |
YoY Change | -86.52% | 137.42% | -92.23% |
% of Operating Profit | 12.36% | ||
Other Income/Expense, Net | -$40.83K | ||
YoY Change | -107.79% | ||
Pretax Income | -$2.694M | $354.7K | -$549.5K |
YoY Change | 411.9% | -164.56% | -59.49% |
Income Tax | $0.00 | $0.00 | $0.00 |
% Of Pretax Income | 0.0% | ||
Net Earnings | -$2.694M | $354.7K | -$549.5K |
YoY Change | 411.9% | -164.56% | -59.49% |
Net Earnings / Revenue | -111196.95% | 282.48% | -2973.6% |
Basic Earnings Per Share | $0.00 | $0.00 | $0.00 |
Diluted Earnings Per Share | $0.00 | $0.00 | $0.00 |
COMMON SHARES | |||
Basic Shares Outstanding | 1.242B shares | 1.240B shares | 1.176B shares |
Diluted Shares Outstanding | 1.232B shares | 1.224B shares | 1.189B shares |
Balance Sheet
Concept | 2024 Q4 | 2024 Q3 | 2023 Q3 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $1.249M | ||
YoY Change | 66.87% | ||
Cash & Equivalents | $892.0K | $874.2K | $1.249M |
Short-Term Investments | |||
Other Short-Term Assets | $214.1K | ||
YoY Change | 13.63% | ||
Inventory | $272.3K | $278.8K | $95.33K |
Prepaid Expenses | |||
Receivables | $10.19K | ||
Other Receivables | $179.2K | ||
Total Short-Term Assets | $4.209M | $4.476M | $1.748M |
YoY Change | 151.92% | 156.1% | 66.6% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $1.686M | $3.074M | $3.897M |
YoY Change | -56.8% | -21.12% | 102.55% |
Goodwill | |||
YoY Change | |||
Intangibles | $33.17M | ||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $80.00K | ||
YoY Change | -99.74% | ||
Total Long-Term Assets | $35.54M | $37.22M | $37.75M |
YoY Change | -5.98% | -1.42% | 12.3% |
TOTAL ASSETS | |||
Total Short-Term Assets | $4.209M | $4.476M | $1.748M |
Total Long-Term Assets | $35.54M | $37.22M | $37.75M |
Total Assets | $39.75M | $41.69M | $39.50M |
YoY Change | 0.7% | 5.55% | 13.94% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $106.3K | $88.26K | $90.15K |
YoY Change | 11.32% | -2.1% | 1569.48% |
Accrued Expenses | $787.5K | ||
YoY Change | 191.67% | ||
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $161.4K | ||
YoY Change | |||
Long-Term Debt Due | $170.0K | ||
YoY Change | -99.11% | ||
Total Short-Term Liabilities | $1.712M | $1.303M | $1.640M |
YoY Change | 2.57% | -20.58% | -91.77% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $1.090M | ||
YoY Change | 282.16% | ||
Other Long-Term Liabilities | $23.68K | ||
YoY Change | |||
Total Long-Term Liabilities | $74.99K | $80.05K | $1.113M |
YoY Change | -93.54% | -92.81% | 290.46% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $1.712M | $1.303M | $1.640M |
Total Long-Term Liabilities | $74.99K | $80.05K | $1.113M |
Total Liabilities | $1.787M | $1.383M | $2.754M |
YoY Change | -36.85% | -49.79% | -86.38% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$15.82M | -$13.13M | -$10.84M |
YoY Change | 39.16% | 21.06% | -7.45% |
Common Stock | $1.241M | $1.241M | $1.176M |
YoY Change | 4.1% | 5.5% | 43.32% |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $37.96M | $40.31M | $36.75M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $39.75M | $41.69M | $39.50M |
YoY Change | 0.7% | 5.55% | 13.94% |
Cashflow Statement
Concept | 2024 Q4 | 2024 Q3 | 2023 Q3 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$2.694M | $354.7K | -$549.5K |
YoY Change | 411.9% | -164.56% | -59.49% |
Depreciation, Depletion And Amortization | $67.15K | $70.23K | $102.6K |
YoY Change | -36.05% | -31.55% | 267.05% |
Cash From Operating Activities | -$437.2K | -$350.5K | |
YoY Change | 24.74% | -41.68% | |
INVESTING ACTIVITIES | |||
Capital Expenditures | $0.00 | ||
YoY Change | -100.0% | ||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | |||
YoY Change | |||
Cash From Investing Activities | $1.291M | $0.00 | |
YoY Change | -100.0% | ||
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | $1.277M | ||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | -$1.876K | $1.397M | |
YoY Change | -100.13% | 6.5% | |
NET CHANGE | |||
Cash From Operating Activities | -$437.2K | -$350.5K | |
Cash From Investing Activities | $1.291M | $0.00 | |
Cash From Financing Activities | -$1.876K | $1.397M | |
Net Change In Cash | $845.1K | $1.048M | |
YoY Change | -19.39% | 218.22% | |
FREE CASH FLOW | |||
Cash From Operating Activities | -$437.2K | -$350.5K | |
Capital Expenditures | $0.00 | ||
Free Cash Flow | -$350.5K | ||
YoY Change | -65.81% |
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LeaseExpenseOperatingAndFinance
|
39513 | usd |
CY2023Q3 | vrdr |
Lease Expense Operating And Finance
LeaseExpenseOperatingAndFinance
|
44209 | usd |
CY2024Q3 | us-gaap |
Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
|
81109 | usd |
CY2024Q3 | us-gaap |
Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
|
24771 | usd |
CY2024Q3 | us-gaap |
Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
|
24771 | usd |
CY2024Q3 | us-gaap |
Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
|
20383 | usd |
CY2024Q3 | us-gaap |
Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
|
11610 | usd |
CY2024Q3 | vrdr |
Finance Lease Liability Payments Due Year Thereafter
FinanceLeaseLiabilityPaymentsDueYearThereafter
|
1935 | usd |
CY2024Q3 | us-gaap |
Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
|
164579 | usd |
CY2024Q3 | us-gaap |
Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
|
7899 | usd |
CY2024Q3 | vrdr |
Lease Liability Operating And Finance
LeaseLiabilityOperatingAndFinance
|
156680 | usd |
CY2024Q3 | vrdr |
Operating And Finance Lease Labilities Current
OperatingAndFinanceLeaseLabilitiesCurrent
|
76628 | usd |
CY2024Q3 | vrdr |
Operating And Finance Lease Labilities Non Current
OperatingAndFinanceLeaseLabilitiesNonCurrent
|
80052 | usd |
CY2024Q3 | vrdr |
Present Value Of Lease Liabilities
PresentValueOfLeaseLiabilities
|
156680 | usd |
CY2024Q3 | vrdr |
Issuance Of Restricted Common Shares Price Per Share
IssuanceOfRestrictedCommonSharesPricePerShare
|
0.07 | |
CY2024Q3 | us-gaap |
Shares Issued
SharesIssued
|
2700000 | shares |
CY2024Q2 | us-gaap |
Shares Issued
SharesIssued
|
670000 | shares |
CY2024Q3 | us-gaap |
Income Loss From Subsidiaries Before Tax
IncomeLossFromSubsidiariesBeforeTax
|
354715 | usd |
CY2023Q3 | us-gaap |
Income Loss From Subsidiaries Before Tax
IncomeLossFromSubsidiariesBeforeTax
|
-549461 | usd |
CY2024Q3 | us-gaap |
Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
|
0 | usd |
CY2023Q3 | us-gaap |
Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
|
0 | usd |
CY2024Q3 | us-gaap |
Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
|
0 | usd |
CY2023Q3 | us-gaap |
Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
|
0 | usd |
CY2024Q3 | us-gaap |
Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
|
0 | usd |
CY2023Q3 | us-gaap |
Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
|
0 | usd |
CY2024Q3 | us-gaap |
Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
|
0 | usd |
CY2023Q3 | us-gaap |
Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
|
0 | usd |
CY2024Q3 | us-gaap |
Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
|
0 | usd |
CY2023Q3 | us-gaap |
Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
|
0 | usd |
CY2024Q3 | vrdr |
Loss Before Income Taxes
LossBeforeIncomeTaxes
|
-101387 | usd |
CY2023Q3 | vrdr |
Loss Before Income Taxes
LossBeforeIncomeTaxes
|
-193027 | usd |
CY2024Q3 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.24 | pure |
CY2023Q3 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.24 | pure |
CY2024Q3 | vrdr |
Income Tax Expense At Statutory Rate
IncomeTaxExpenseAtStatutoryRate
|
-24333 | usd |
CY2023Q3 | vrdr |
Income Tax Expense At Statutory Rate
IncomeTaxExpenseAtStatutoryRate
|
-46326 | usd |
CY2024Q3 | vrdr |
Non Deductible Items
NonDeductibleItems
|
14227 | usd |
CY2023Q3 | vrdr |
Non Deductible Items
NonDeductibleItems
|
13026 | usd |
CY2024Q3 | vrdr |
Carried Forward Tax Losses
CarriedForwardTaxLosses
|
1615 | usd |
CY2023Q3 | vrdr |
Carried Forward Tax Losses
CarriedForwardTaxLosses
|
7 | usd |
CY2024Q3 | us-gaap |
Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
|
8491 | usd |
CY2023Q3 | us-gaap |
Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
|
33293 | usd |
CY2024Q3 | us-gaap |
Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
|
0 | usd |
CY2023Q3 | us-gaap |
Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
|
0 | usd |
CY2024Q3 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
1601631 | usd |
CY2024Q2 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
1277143 | usd |
CY2024Q3 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
0 | usd |
CY2024Q2 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
0 | usd |
CY2024Q3 | us-gaap |
Pension Contributions
PensionContributions
|
1973 | usd |
CY2023Q3 | us-gaap |
Pension Contributions
PensionContributions
|
3559 | usd |