2022 Q1 Form 10-Q Financial Statement
#000149315222013537 Filed on May 16, 2022
Income Statement
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| Revenue | $1.324M | |
| YoY Change | ||
| Cost Of Revenue | ||
| YoY Change | ||
| Gross Profit | ||
| YoY Change | ||
| Gross Profit Margin | ||
| Selling, General & Admin | $2.051M | $1.549M |
| YoY Change | 32.43% | 803.42% |
| % of Gross Profit | ||
| Research & Development | ||
| YoY Change | ||
| % of Gross Profit | ||
| Depreciation & Amortization | $75.00K | |
| YoY Change | ||
| % of Gross Profit | ||
| Operating Expenses | $2.508M | $1.549M |
| YoY Change | 61.96% | 972.01% |
| Operating Profit | -$1.184M | |
| YoY Change | ||
| Interest Expense | $345.1K | -$43.34M |
| YoY Change | -100.8% | 114195.17% |
| % of Operating Profit | ||
| Other Income/Expense, Net | $0.00 | $16.50K |
| YoY Change | -100.0% | -94.0% |
| Pretax Income | -$838.9K | -$44.87M |
| YoY Change | -98.13% | -48553.7% |
| Income Tax | ||
| % Of Pretax Income | ||
| Net Earnings | -$838.9K | -$44.87M |
| YoY Change | -98.13% | -44661.04% |
| Net Earnings / Revenue | -63.34% | |
| Basic Earnings Per Share | -$0.02 | |
| Diluted Earnings Per Share | -$16.22K | -$1.004M |
| COMMON SHARES | ||
| Basic Shares Outstanding | 75.62M shares | |
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $756.6K | $4.323M |
| YoY Change | -82.5% | 43473.69% |
| Cash & Equivalents | $756.6K | $4.323M |
| Short-Term Investments | ||
| Other Short-Term Assets | $107.0K | $345.7K |
| YoY Change | -69.06% | 784.62% |
| Inventory | ||
| Prepaid Expenses | ||
| Receivables | $131.0K | $2.830K |
| Other Receivables | $0.00 | $0.00 |
| Total Short-Term Assets | $994.6K | $4.671M |
| YoY Change | -78.71% | 9432.76% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | ||
| YoY Change | ||
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | $480.8K | $40.00 |
| YoY Change | 1201850.0% | 0.0% |
| Other Assets | $66.40K | |
| YoY Change | ||
| Total Long-Term Assets | $4.647M | $30.00 |
| YoY Change | 15490500.0% | -25.0% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $994.6K | $4.671M |
| Total Long-Term Assets | $4.647M | $30.00 |
| Total Assets | $5.642M | $4.671M |
| YoY Change | 20.78% | 9425.04% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | ||
| YoY Change | ||
| Accrued Expenses | $355.1K | |
| YoY Change | 59.66% | |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | -100.0% | |
| Long-Term Debt Due | $1.351M | |
| YoY Change | 50.35% | |
| Total Short-Term Liabilities | $1.333M | $2.012M |
| YoY Change | -33.75% | 10.54% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $0.00 | $10.00K |
| YoY Change | -100.0% | -90.15% |
| Other Long-Term Liabilities | $171.1K | $38.18M |
| YoY Change | -99.55% | 85764.11% |
| Total Long-Term Liabilities | $171.1K | $38.19M |
| YoY Change | -99.55% | 26065.49% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $1.333M | $2.012M |
| Total Long-Term Liabilities | $171.1K | $38.19M |
| Total Liabilities | $996.9K | $39.86M |
| YoY Change | -97.5% | 2289.77% |
| 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 | $4.645M | -$35.19M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $5.642M | $4.671M |
| YoY Change | 20.78% | 9425.04% |
Cashflow Statement
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$838.9K | -$44.87M |
| YoY Change | -98.13% | -44661.04% |
| Depreciation, Depletion And Amortization | $75.00K | |
| YoY Change | ||
| Cash From Operating Activities | -$328.9K | -$605.7K |
| YoY Change | -45.7% | 44763.7% |
| 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 | 518.5K | 4.895M |
| YoY Change | -89.41% | 48848.3% |
| NET CHANGE | ||
| Cash From Operating Activities | -328.9K | -605.7K |
| Cash From Investing Activities | ||
| Cash From Financing Activities | 518.5K | 4.895M |
| Net Change In Cash | 189.6K | 4.289M |
| YoY Change | -95.58% | 49485.78% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | -$328.9K | -$605.7K |
| Capital Expenditures | ||
| Free Cash Flow | ||
| YoY Change |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2022Q1 | us-gaap |
Increase Decrease In Notes Payable Current
IncreaseDecreaseInNotesPayableCurrent
|
USD | |
| CY2021Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
| CY2022Q1 | us-gaap |
Increase Decrease In Interest Payable Net
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|
USD | |
| CY2021Q1 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
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| CY2022Q1 | CWRK |
Increase Decrease In Accrued Interest On Loans Payable Related Party
IncreaseDecreaseInAccruedInterestOnLoansPayableRelatedParty
|
USD | |
| CY2021Q1 | us-gaap |
Increase Decrease In Notes Receivable Current
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|
USD | |
| CY2022Q1 | us-gaap |
Commitments And Contingencies
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|
USD | |
| CY2021Q1 | CWRK |
Service Costs
ServiceCosts
|
USD | |
| CY2022Q1 | us-gaap |
Other Income
OtherIncome
|
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| CY2021Q1 | CWRK |
Note Interest Revenue
NoteInterestRevenue
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| CY2022Q1 | us-gaap |
Interest Expense Debt
InterestExpenseDebt
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| CY2021Q1 | us-gaap |
Adjustment For Amortization
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Increase Decrease In Other Accounts Payable And Accrued Liabilities
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| CY2022Q1 | us-gaap |
Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
|
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| CY2022Q1 | us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
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| CY2022Q1 | us-gaap |
Repayments Of Long Term Debt
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|
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| CY2022Q1 | us-gaap |
Payments Of Stock Issuance Costs
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|
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| CY2022Q1 | us-gaap |
Interest Paid Net
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|
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| CY2022Q1 | us-gaap |
Income Taxes Paid Net
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|
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| CY2021Q1 | us-gaap |
Income Taxes Paid Net
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|
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| CY2022Q1 | CWRK |
Noncash Share Issue Costs
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|
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| CY2021Q1 | CWRK |
Noncash Share Issue Costs
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|
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| CY2022Q1 | CWRK |
Conversion Of Convertible Debt
ConversionOfConvertibleDebt
|
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| CY2021Q1 | CWRK |
Conversion Of Convertible Debt
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|
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| CY2021Q1 | CWRK |
Conversion Of Accounts Payable
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|
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| CY2021Q4 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
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| CY2022Q1 | us-gaap |
Finitelived Intangible Assets Acquired1
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| CY2022Q1 | CWRK |
Warrant And Right Outstanding Exercises
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|
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| CY2022Q1 | CWRK |
Anti Dilution Modification
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| CY2022Q1 | CWRK |
Warrant And Right Outstanding Forfeitures
WarrantAndRightOutstandingForfeitures
|
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| CY2022Q1 | us-gaap |
Notes Receivable Related Parties Current
NotesReceivableRelatedPartiesCurrent
|
1250000 | USD |
| CY2021Q4 | us-gaap |
Notes Receivable Related Parties Current
NotesReceivableRelatedPartiesCurrent
|
1250000 | USD |
| CY2022Q1 | CWRK |
Stock Issued During Period Shares Stock Warrants Exercised
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| CY2022Q1 | us-gaap |
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| CY2022Q1 | us-gaap |
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| CY2022Q1 | CWRK |
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