2024 Q4 Form 10-Q Financial Statement

#000164033424001765 Filed on November 19, 2024

View on sec.gov

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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DeferredTaxAssetsNet
0 usd
CY2024Q3 us-gaap Pension Contributions
PensionContributions
1973 usd
CY2023Q3 us-gaap Pension Contributions
PensionContributions
3559 usd

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0001640334-24-001765-index.html Edgar Link pending
0001640334-24-001765.txt Edgar Link pending
0001640334-24-001765-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
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