2019 Form 10-K Financial Statement
#000160706219000377 Filed on September 30, 2019
Income Statement
| Concept | 2019 | 2018 |
|---|---|---|
| Revenue | $307.0K | $498.5K |
| YoY Change | -38.41% | 53.12% |
| Cost Of Revenue | $230.0K | $247.4K |
| YoY Change | -7.04% | -5.07% |
| Gross Profit | $77.00K | $251.1K |
| YoY Change | -69.33% | 286.68% |
| Gross Profit Margin | 25.08% | 50.37% |
| Selling, General & Admin | $605.0K | $588.9K |
| YoY Change | 2.73% | -22.1% |
| % of Gross Profit | 785.71% | 234.57% |
| Research & Development | $19.00K | $30.00K |
| YoY Change | -36.67% | -67.74% |
| % of Gross Profit | 24.68% | 11.95% |
| Depreciation & Amortization | $16.04K | |
| YoY Change | -75.07% | |
| % of Gross Profit | 6.39% | |
| Operating Expenses | $624.0K | $618.9K |
| YoY Change | 0.82% | -27.1% |
| Operating Profit | -$547.0K | -$367.9K |
| YoY Change | 48.7% | -53.08% |
| Interest Expense | $302.3K | $253.4K |
| YoY Change | 19.33% | -126.66% |
| % of Operating Profit | ||
| Other Income/Expense, Net | ||
| YoY Change | ||
| Pretax Income | -$849.0K | -$18.21K |
| YoY Change | 4562.27% | -98.67% |
| Income Tax | ||
| % Of Pretax Income | ||
| Net Earnings | -$849.0K | -$18.21K |
| YoY Change | 4562.27% | -98.67% |
| Net Earnings / Revenue | -276.55% | -3.65% |
| Basic Earnings Per Share | ||
| Diluted Earnings Per Share | -$21.47K | -$460.60 |
| COMMON SHARES | ||
| Basic Shares Outstanding | ||
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2019 | 2018 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $91.00K | $139.1K |
| YoY Change | -34.57% | 197.9% |
| Cash & Equivalents | ||
| Short-Term Investments | ||
| Other Short-Term Assets | $5.000K | $5.330K |
| YoY Change | -6.19% | 167.84% |
| Inventory | ||
| Prepaid Expenses | ||
| Receivables | $9.000K | $7.070K |
| Other Receivables | $0.00 | $0.00 |
| Total Short-Term Assets | $105.0K | $151.5K |
| YoY Change | -30.69% | 166.61% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | ||
| YoY Change | ||
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | ||
| YoY Change | ||
| Total Long-Term Assets | $0.00 | $0.00 |
| YoY Change | -100.0% | |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $105.0K | $151.5K |
| Total Long-Term Assets | $0.00 | $0.00 |
| Total Assets | $105.0K | $151.5K |
| YoY Change | -30.69% | 107.92% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $817.0K | $767.3K |
| YoY Change | 6.48% | 3.12% |
| Accrued Expenses | $63.00K | $63.51K |
| YoY Change | -0.8% | -11.91% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $4.301M | $3.597M |
| YoY Change | 19.58% | 25.36% |
| Long-Term Debt Due | ||
| YoY Change | ||
| Total Short-Term Liabilities | $5.249M | $4.458M |
| YoY Change | 17.75% | -0.63% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Other Long-Term Liabilities | $155.0K | $155.0K |
| YoY Change | 0.0% | 0.0% |
| Total Long-Term Liabilities | $155.0K | $155.0K |
| YoY Change | 0.0% | 0.0% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $5.249M | $4.458M |
| Total Long-Term Liabilities | $155.0K | $155.0K |
| Total Liabilities | $5.404M | $4.613M |
| YoY Change | 17.16% | -0.61% |
| 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 | -$5.299M | -$4.461M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $105.0K | $151.5K |
| YoY Change | -30.69% | 107.92% |
Cashflow Statement
| Concept | 2019 | 2018 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$849.0K | -$18.21K |
| YoY Change | 4562.27% | -98.67% |
| Depreciation, Depletion And Amortization | $16.04K | |
| YoY Change | -75.07% | |
| Cash From Operating Activities | -$450.0K | -$506.9K |
| YoY Change | -11.23% | -50.81% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | ||
| YoY Change | ||
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | ||
| YoY Change | ||
| Cash From Investing Activities | ||
| YoY Change | ||
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | 402.0K | 599.3K |
| YoY Change | -32.92% | -41.03% |
| NET CHANGE | ||
| Cash From Operating Activities | -450.0K | -506.9K |
| Cash From Investing Activities | ||
| Cash From Financing Activities | 402.0K | 599.3K |
| Net Change In Cash | -48.00K | 92.39K |
| YoY Change | -151.95% | -747.9% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | -$450.0K | -$506.9K |
| Capital Expenditures | ||
| Free Cash Flow | ||
| YoY Change |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
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Interest Expense
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|
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|
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