2021 Form 10-K Financial Statement
#000121390022019928 Filed on April 15, 2022
Income Statement
| Concept | 2021 |
|---|---|
| Revenue | $815.3K |
| YoY Change | -4.24% |
| Cost Of Revenue | $491.7K |
| YoY Change | -8.51% |
| Gross Profit | $323.6K |
| YoY Change | 3.07% |
| Gross Profit Margin | 39.69% |
| Selling, General & Admin | $1.032M |
| YoY Change | -11.44% |
| % of Gross Profit | 318.85% |
| Research & Development | |
| YoY Change | |
| % of Gross Profit | |
| Depreciation & Amortization | $163.2K |
| YoY Change | 8.21% |
| % of Gross Profit | 50.42% |
| Operating Expenses | $1.052M |
| YoY Change | -11.17% |
| Operating Profit | -$728.7K |
| YoY Change | -16.31% |
| Interest Expense | -$58.91K |
| YoY Change | -32.81% |
| % of Operating Profit | |
| Other Income/Expense, Net | $355.6K |
| YoY Change | 4979.43% |
| Pretax Income | -$260.9K |
| YoY Change | -72.58% |
| Income Tax | |
| % Of Pretax Income | |
| Net Earnings | -$260.9K |
| YoY Change | -72.65% |
| Net Earnings / Revenue | -32.0% |
| Basic Earnings Per Share | -$0.01 |
| Diluted Earnings Per Share | -$9.304K |
| COMMON SHARES | |
| Basic Shares Outstanding | 28.04M shares |
| Diluted Shares Outstanding | 28.04M shares |
Balance Sheet
| Concept | 2021 |
|---|---|
| SHORT-TERM ASSETS | |
| Cash & Short-Term Investments | $52.91K |
| YoY Change | -72.49% |
| Cash & Equivalents | $52.91K |
| Short-Term Investments | |
| Other Short-Term Assets | $31.27K |
| YoY Change | -59.09% |
| Inventory | $24.92K |
| Prepaid Expenses | |
| Receivables | $153.4K |
| Other Receivables | $0.00 |
| Total Short-Term Assets | $262.5K |
| YoY Change | -39.77% |
| LONG-TERM ASSETS | |
| Property, Plant & Equipment | $243.2K |
| YoY Change | -31.71% |
| Goodwill | |
| YoY Change | |
| Intangibles | |
| YoY Change | |
| Long-Term Investments | |
| YoY Change | |
| Other Assets | |
| YoY Change | |
| Total Long-Term Assets | $501.9K |
| YoY Change | -20.59% |
| TOTAL ASSETS | |
| Total Short-Term Assets | $262.5K |
| Total Long-Term Assets | $501.9K |
| Total Assets | $764.4K |
| YoY Change | -28.42% |
| SHORT-TERM LIABILITIES | |
| YoY Change | |
| Accounts Payable | $100.8K |
| YoY Change | -81.24% |
| Accrued Expenses | $66.83K |
| YoY Change | 0.27% |
| Deferred Revenue | |
| YoY Change | |
| Short-Term Debt | $0.00 |
| YoY Change | |
| Long-Term Debt Due | $3.559M |
| YoY Change | 15.49% |
| Total Short-Term Liabilities | $3.907M |
| YoY Change | 0.94% |
| LONG-TERM LIABILITIES | |
| Long-Term Debt | $239.9K |
| YoY Change | -24.76% |
| Other Long-Term Liabilities | |
| YoY Change | |
| Total Long-Term Liabilities | $239.9K |
| YoY Change | -24.76% |
| TOTAL LIABILITIES | |
| Total Short-Term Liabilities | $3.907M |
| Total Long-Term Liabilities | $239.9K |
| Total Liabilities | $4.147M |
| YoY Change | -1.02% |
| 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 | -$3.382M |
| YoY Change | |
| Total Liabilities & Shareholders Equity | $764.4K |
| YoY Change | -28.42% |
Cashflow Statement
| Concept | 2021 |
|---|---|
| OPERATING ACTIVITIES | |
| Net Income | -$260.9K |
| YoY Change | -72.65% |
| Depreciation, Depletion And Amortization | $163.2K |
| YoY Change | 8.21% |
| Cash From Operating Activities | -$658.0K |
| YoY Change | 29.49% |
| INVESTING ACTIVITIES | |
| Capital Expenditures | -$33.00K |
| YoY Change | 238.11% |
| Acquisitions | |
| YoY Change | |
| Other Investing Activities | |
| YoY Change | |
| Cash From Investing Activities | -$33.00K |
| YoY Change | 238.11% |
| FINANCING ACTIVITIES | |
| Cash Dividend Paid | |
| YoY Change | |
| Common Stock Issuance & Retirement, Net | |
| YoY Change | |
| Debt Paid & Issued, Net | |
| YoY Change | |
| Cash From Financing Activities | 551.6K |
| YoY Change | -20.42% |
| NET CHANGE | |
| Cash From Operating Activities | -658.0K |
| Cash From Investing Activities | -33.00K |
| Cash From Financing Activities | 551.6K |
| Net Change In Cash | -139.4K |
| YoY Change | -179.56% |
| FREE CASH FLOW | |
| Cash From Operating Activities | -$658.0K |
| Capital Expenditures | -$33.00K |
| Free Cash Flow | -$625.0K |
| YoY Change | 25.41% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2021 | us-gaap |
Dilutive Securities
DilutiveSecurities
|
USD | |
| CY2021 | dei |
Trading Symbol
TradingSymbol
|
VYEY | |
| CY2021 | dei |
City Area Code
CityAreaCode
|
512 | |
| CY2021Q4 | us-gaap |
Accounts And Other Receivables Net Current
AccountsAndOtherReceivablesNetCurrent
|
USD | |
| CY2021 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
USD | |
| CY2020 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
USD | |
| CY2020 | vyey |
Paycheck Protection Program Loan Forgiveness
PaycheckProtectionProgramLoanForgiveness
|
USD | |
| CY2021 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
USD | |
| CY2020 | us-gaap |
Proceeds From Other Short Term Debt
ProceedsFromOtherShortTermDebt
|
USD | |
| CY2020Q4 | us-gaap |
Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
|
USD | |
| CY2018Q2 | vyey |
Warrant Expiration Term
WarrantExpirationTerm
|
P5Y |
