2021 Q4 Form 10-K Financial Statement
#000149315222014055 Filed on May 17, 2022
Income Statement
| Concept | 2021 Q4 | 2021 | 2020 Q4 |
|---|---|---|---|
| Revenue | $4.497M | $27.65M | $7.110M |
| YoY Change | -36.75% | 31.79% | -2.18% |
| Cost Of Revenue | $2.929M | $13.51M | $3.550M |
| YoY Change | -17.48% | 34.99% | 0.2% |
| Gross Profit | $1.568M | $14.14M | $3.560M |
| YoY Change | -55.96% | 28.87% | -4.44% |
| Gross Profit Margin | 34.86% | 51.15% | 50.07% |
| Selling, General & Admin | $3.534M | $17.54M | $4.040M |
| YoY Change | -12.52% | 18.69% | 276.18% |
| % of Gross Profit | 225.44% | 124.06% | 113.48% |
| Research & Development | |||
| YoY Change | |||
| % of Gross Profit | |||
| Depreciation & Amortization | $160.5K | $738.1K | $62.31K |
| YoY Change | 157.65% | -7.19% | -66.57% |
| % of Gross Profit | 10.24% | 5.22% | 1.75% |
| Operating Expenses | $3.695M | $18.28M | $4.100M |
| YoY Change | -9.88% | 17.37% | -8.3% |
| Operating Profit | -$2.127M | -$4.140M | -$540.0K |
| YoY Change | 293.91% | -10.06% | -27.57% |
| Interest Expense | -$126.8K | -$668.3K | -$100.0K |
| YoY Change | 26.81% | -67.95% | -90.83% |
| % of Operating Profit | |||
| Other Income/Expense, Net | $760.5K | $724.8K | $60.00K |
| YoY Change | 1167.45% | 681.35% | 1207.19% |
| Pretax Income | -$1.726M | -$1.641M | -$800.0K |
| YoY Change | 115.79% | -80.31% | -56.32% |
| Income Tax | |||
| % Of Pretax Income | |||
| Net Earnings | -$1.960M | -$2.697M | -$780.0K |
| YoY Change | 151.23% | -64.55% | -58.38% |
| Net Earnings / Revenue | -43.57% | -9.76% | -10.97% |
| Basic Earnings Per Share | |||
| Diluted Earnings Per Share | -$1.515K | -$2.123K | -$768.10 |
| COMMON SHARES | |||
| Basic Shares Outstanding | 12.71M shares | ||
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2021 Q4 | 2021 | 2020 Q4 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $151.2K | $151.2K | $750.0K |
| YoY Change | -79.84% | -79.8% | 238.04% |
| Cash & Equivalents | $151.2K | $620.5K | |
| Short-Term Investments | $0.00 | $0.00 | $130.0K |
| Other Short-Term Assets | $410.6K | $410.6K | $680.0K |
| YoY Change | -39.61% | -38.94% | -7.12% |
| Inventory | $3.784M | $3.784M | $6.550M |
| Prepaid Expenses | |||
| Receivables | $68.54K | $68.54K | $240.0K |
| Other Receivables | $875.4K | $875.4K | |
| Total Short-Term Assets | $5.290M | $5.290M | $8.200M |
| YoY Change | -35.49% | -35.51% | 59.02% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $9.160M | $9.160M | $11.56M |
| YoY Change | -20.76% | -20.77% | -11.81% |
| Goodwill | $460.3K | ||
| YoY Change | |||
| Intangibles | $1.218M | ||
| YoY Change | |||
| Long-Term Investments | |||
| YoY Change | |||
| Other Assets | $738.0K | $738.0K | $600.0K |
| YoY Change | 23.01% | 23.29% | -49.43% |
| Total Long-Term Assets | $11.57M | $11.57M | $14.46M |
| YoY Change | -20.0% | -19.99% | -16.15% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $5.290M | $5.290M | $8.200M |
| Total Long-Term Assets | $11.57M | $11.57M | $14.46M |
| Total Assets | $16.86M | $16.86M | $22.66M |
| YoY Change | -25.61% | -25.61% | 1.15% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $5.150M | $5.150M | $4.830M |
| YoY Change | 6.62% | 6.61% | 69.69% |
| Accrued Expenses | $1.531M | $1.531M | $4.520M |
| YoY Change | -66.12% | -66.11% | 160.25% |
| Deferred Revenue | $880.2K | ||
| YoY Change | |||
| Short-Term Debt | $0.00 | $0.00 | |
| YoY Change | |||
| Long-Term Debt Due | $3.010M | $3.010M | $2.760M |
| YoY Change | 9.05% | 9.21% | 363.32% |
| Total Short-Term Liabilities | $13.60M | $13.60M | $18.36M |
| YoY Change | -25.94% | -25.96% | 54.03% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $3.235M | $4.020M | |
| YoY Change | -19.44% | 18.76% | |
| Other Long-Term Liabilities | $5.926M | $5.926M | $7.040M |
| YoY Change | -15.83% | -15.81% | -15.49% |
| Total Long-Term Liabilities | $0.00 | $9.161M | $11.06M |
| YoY Change | -100.0% | -17.13% | -5.59% |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $13.60M | $13.60M | $18.36M |
| Total Long-Term Liabilities | $0.00 | $9.161M | $11.06M |
| Total Liabilities | $24.42M | $24.42M | $30.02M |
| YoY Change | -18.67% | -18.67% | 20.27% |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | -$51.41M | ||
| YoY Change | |||
| Common Stock | $129.4K | ||
| YoY Change | |||
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | $30.00 | ||
| YoY Change | |||
| Treasury Stock Shares | |||
| Shareholders Equity | -$7.558M | -$7.558M | -$7.360M |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $16.86M | $16.86M | $22.66M |
| YoY Change | -25.61% | -25.61% | 1.15% |
Cashflow Statement
| Concept | 2021 Q4 | 2021 | 2020 Q4 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | -$1.960M | -$2.697M | -$780.0K |
| YoY Change | 151.23% | -64.55% | -58.38% |
| Depreciation, Depletion And Amortization | $160.5K | $738.1K | $62.31K |
| YoY Change | 157.65% | -7.19% | -66.57% |
| Cash From Operating Activities | -$95.61K | -$2.864M | $93.94K |
| YoY Change | -201.78% | 26.57% | -122.2% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | -$61.24K | -$117.6K | $3.880K |
| YoY Change | -1678.35% | -12.18% | 676.0% |
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | $33.50K | $489.0K | |
| YoY Change | |||
| Cash From Investing Activities | -$27.74K | $371.4K | $3.880K |
| YoY Change | -814.95% | -377.44% | 676.0% |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | $0.00 | ||
| YoY Change | |||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | -72.10K | 2.023M | 452.6K |
| YoY Change | -115.93% | -31.3% | 5.08% |
| NET CHANGE | |||
| Cash From Operating Activities | -95.61K | -2.864M | 93.94K |
| Cash From Investing Activities | -27.74K | 371.4K | 3.880K |
| Cash From Financing Activities | -72.10K | 2.023M | 452.6K |
| Net Change In Cash | -195.4K | -469.4K | 550.4K |
| YoY Change | -135.51% | -185.62% | 6670.48% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | -$95.61K | -$2.864M | $93.94K |
| Capital Expenditures | -$61.24K | -$117.6K | $3.880K |
| Free Cash Flow | -$34.37K | -$2.747M | $90.06K |
| YoY Change | -138.16% | 29.0% | -121.26% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2020Q4 | us-gaap |
Other Receivables Net Current
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|
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| CY2021Q4 | us-gaap |
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