2021 Form 10-K Financial Statement
#000149315222009797 Filed on April 13, 2022
Income Statement
| Concept | 2021 | 2020 |
|---|---|---|
| Revenue | $1.393M | $1.142M |
| YoY Change | 21.97% | -18.01% |
| Cost Of Revenue | $134.7K | $132.5K |
| YoY Change | 1.71% | -1.71% |
| Gross Profit | $1.258M | $1.010M |
| YoY Change | 24.63% | -19.75% |
| Gross Profit Margin | 90.33% | 88.4% |
| Selling, General & Admin | $1.613M | $1.680M |
| YoY Change | -4.01% | -6.62% |
| % of Gross Profit | 128.19% | 166.45% |
| Research & Development | $15.16K | |
| YoY Change | ||
| % of Gross Profit | 1.2% | |
| Depreciation & Amortization | $68.42K | $57.90K |
| YoY Change | 18.17% | -16.61% |
| % of Gross Profit | 5.44% | 5.74% |
| Operating Expenses | $1.694M | $0.00 |
| YoY Change | -100.0% | |
| Operating Profit | -$436.0K | $1.010M |
| YoY Change | -143.18% | -267.88% |
| Interest Expense | -$89.49K | -$78.91K |
| YoY Change | 13.41% | 14.71% |
| % of Operating Profit | -7.82% | |
| Other Income/Expense, Net | $0.00 | $6.000K |
| YoY Change | -100.0% | |
| Pretax Income | -$408.3K | -$800.3K |
| YoY Change | -48.99% | 19.42% |
| Income Tax | ||
| % Of Pretax Income | ||
| Net Earnings | -$435.7K | -$822.5K |
| YoY Change | -47.03% | 3.3% |
| Net Earnings / Revenue | -31.28% | -72.02% |
| Basic Earnings Per Share | -$0.03 | |
| Diluted Earnings Per Share | -$14.70K | -$31.51K |
| COMMON SHARES | ||
| Basic Shares Outstanding | 29.63M shares | |
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2021 | 2020 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $90.94K | $46.00K |
| YoY Change | 97.7% | -36.32% |
| Cash & Equivalents | ||
| Short-Term Investments | ||
| Other Short-Term Assets | $62.85K | $77.57K |
| YoY Change | -18.98% | -18.9% |
| Inventory | $207.5K | $181.1K |
| Prepaid Expenses | ||
| Receivables | $126.1K | $159.2K |
| Other Receivables | $0.00 | $0.00 |
| Total Short-Term Assets | $487.4K | $463.9K |
| YoY Change | 5.07% | -29.33% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $442.0K | $505.3K |
| YoY Change | -12.53% | 24.39% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | $6.000K | $6.000K |
| YoY Change | 0.0% | 0.0% |
| Total Long-Term Assets | $448.0K | $522.6K |
| YoY Change | -14.29% | 20.0% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $487.4K | $463.9K |
| Total Long-Term Assets | $448.0K | $522.6K |
| Total Assets | $935.4K | $986.5K |
| YoY Change | -5.19% | -9.65% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $227.7K | $179.1K |
| YoY Change | 27.14% | -28.9% |
| Accrued Expenses | $2.283M | $1.863M |
| YoY Change | 22.55% | 13.88% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $640.2K | $695.5K |
| YoY Change | -7.95% | 24.43% |
| Long-Term Debt Due | ||
| YoY Change | ||
| Total Short-Term Liabilities | $3.150M | $2.741M |
| YoY Change | 14.93% | 12.03% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $150.0K | $150.0K |
| YoY Change | 0.0% | |
| Other Long-Term Liabilities | $30.58K | $77.01K |
| YoY Change | -60.29% | |
| Total Long-Term Liabilities | $180.6K | $227.0K |
| YoY Change | -20.45% | |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $3.150M | $2.741M |
| Total Long-Term Liabilities | $180.6K | $227.0K |
| Total Liabilities | $3.331M | $2.968M |
| YoY Change | 12.22% | 21.31% |
| 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 | -$2.395M | -$1.981M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $935.4K | $986.5K |
| YoY Change | -5.19% | -9.65% |
Cashflow Statement
| Concept | 2021 | 2020 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$435.7K | -$822.5K |
| YoY Change | -47.03% | 3.3% |
| Depreciation, Depletion And Amortization | $68.42K | $57.90K |
| YoY Change | 18.17% | -16.61% |
| Cash From Operating Activities | $21.37K | -$248.8K |
| YoY Change | -108.59% | -3545.84% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | -$38.38K | -$62.05K |
| YoY Change | -38.15% | 6.52% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | $0.00 | $9.570K |
| YoY Change | -100.0% | |
| Cash From Investing Activities | -$38.38K | -$52.48K |
| YoY Change | -26.87% | -9.91% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | 61.95K | 286.6K |
| YoY Change | -78.38% | 614.77% |
| NET CHANGE | ||
| Cash From Operating Activities | 21.37K | -248.8K |
| Cash From Investing Activities | -38.38K | -52.48K |
| Cash From Financing Activities | 61.95K | 286.6K |
| Net Change In Cash | 44.94K | -14.72K |
| YoY Change | -405.3% | 34.55% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | $21.37K | -$248.8K |
| Capital Expenditures | -$38.38K | -$62.05K |
| Free Cash Flow | $59.75K | -$186.7K |
| YoY Change | -132.0% | -385.23% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2021Q4 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
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| CY2020 | us-gaap |
Research And Development Expense
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|
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Other Nonoperating Income
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|
USD | |
| CY2020 | VYCO |
Forgiveness Of Debt Paycheck Protection Program
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|
USD | |
| CY2021 | us-gaap |
Income Tax Expense Benefit
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Income Tax Expense Benefit
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| CY2020 | VYCO |
Forgiveness Of Debt Paycheck Protection Program
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Cash Provided By Used In Investing Activities Discontinued Operations
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Research And Development Expense
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Disposal Group Including Discontinued Operation Accrued Liabilities Current
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Disposal Group Including Discontinued Operation Costs Of Goods Sold
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Disposal Group Including Discontinued Operation Gross Profit Loss
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Disposal Group Including Discontinued Operation Other Income Loss
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|
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Discontinued Operation Tax Effect Of Discontinued Operation
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Discontinued Operation Tax Effect Of Discontinued Operation
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Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
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Stock Issued During Period Shares Stock Options Exercised
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|
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| CY2021 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
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|
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| CY2021Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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|
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| CY2021Q4 | us-gaap |
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Income Tax Expense Benefit
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|
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