$WBSR
Webstar Technology Group Inc.

2021 Q4 Form 10-K Financial Statement

#000149315222007923 Filed on March 29, 2022

View on sec.gov

Income Statement

Concept 2021 Q4 2021 2020
Revenue $0.00 $0.00 $6.740K
YoY Change -100.0% -100.0% 51.8%
Cost Of Revenue $0.00 $0.00 $1.600K
YoY Change -100.0% -100.0% 0.0%
Gross Profit $0.00 $0.00 $5.140K
YoY Change -100.0% -100.0% 80.99%
Gross Profit Margin 76.26%
Selling, General & Admin $1.704M $2.629M $1.357M
YoY Change 446.32% 93.74% 23.66%
% of Gross Profit 26400.97%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $400.00 $1.600K $1.600K
YoY Change -171.43% 0.0% 0.0%
% of Gross Profit 31.13%
Operating Expenses $1.704M $2.629M $1.357M
YoY Change 446.32% 93.74% 23.66%
Operating Profit -$1.704M -$2.629M -$1.352M
YoY Change 449.05% 94.47% 23.51%
Interest Expense $0.00
YoY Change -100.0%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$1.704M -$2.629M -$1.352M
YoY Change 449.03% 94.47% 21.2%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$1.704M -$2.629M -$1.352M
YoY Change 449.03% 94.47% 21.2%
Net Earnings / Revenue -20057.57%
Basic Earnings Per Share -$0.02
Diluted Earnings Per Share -$12.10K -$18.79K -$9.693K
COMMON SHARES
Basic Shares Outstanding 139.9M shares 139.5M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2021 Q4 2021 2020
SHORT-TERM ASSETS
Cash & Short-Term Investments $440.00 $440.00 $1.510K
YoY Change -70.86% -70.86% -95.87%
Cash & Equivalents $439.00
Short-Term Investments
Other Short-Term Assets $2.160K $2.160K $2.040K
YoY Change 5.88% 5.88% 80.53%
Inventory
Prepaid Expenses $2.163K
Receivables $0.00 $1.350K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $2.602K $2.600K $4.890K
YoY Change -46.79% -46.83% -87.48%
LONG-TERM ASSETS
Property, Plant & Equipment $3.860K $3.860K $5.260K
YoY Change -26.62% -26.62% -19.82%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $7.058K $7.060K $10.06K
YoY Change -29.84% -29.82% -22.32%
TOTAL ASSETS
Total Short-Term Assets $2.602K $2.600K $4.890K
Total Long-Term Assets $7.058K $7.060K $10.06K
Total Assets $9.660K $9.660K $14.95K
YoY Change -35.38% -35.38% -71.26%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $43.17K $43.17K $48.02K
YoY Change -10.1% -10.1% 755.97%
Accrued Expenses $2.403M $2.403M $1.347M
YoY Change 78.46% 78.46% 333.28%
Deferred Revenue
YoY Change
Short-Term Debt $678.6K $678.6K $511.2K
YoY Change 32.74% 32.74% -12.33%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $3.125M $3.125M $1.906M
YoY Change 63.97% 63.97% 111.87%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $2.390K $2.390K $3.930K
YoY Change -39.19% -39.19% -26.68%
Total Long-Term Liabilities $2.390K $2.390K $3.930K
YoY Change -39.19% -39.19% -26.68%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.125M $3.125M $1.906M
Total Long-Term Liabilities $2.390K $2.390K $3.930K
Total Liabilities $3.127M $3.127M $1.910M
YoY Change 63.75% 63.75% 111.05%
SHAREHOLDERS EQUITY
Retained Earnings -$11.20M
YoY Change
Common Stock $13.99K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$3.117M -$3.117M -$1.895M
YoY Change
Total Liabilities & Shareholders Equity $9.660K $9.660K $14.95K
YoY Change -35.38% -35.38% -71.26%

Cashflow Statement

Concept 2021 Q4 2021 2020
OPERATING ACTIVITIES
Net Income -$1.704M -$2.629M -$1.352M
YoY Change 449.03% 94.47% 21.2%
Depreciation, Depletion And Amortization $400.00 $1.600K $1.600K
YoY Change -171.43% 0.0% 0.0%
Cash From Operating Activities -$53.86K -$168.4K -$273.1K
YoY Change -20.93% -38.33% -22.35%
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 $0.00
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 49.78K 167.4K 238.1K
YoY Change 458.07% -29.7% -37.84%
NET CHANGE
Cash From Operating Activities -53.86K -168.4K -273.1K
Cash From Investing Activities
Cash From Financing Activities 49.78K 167.4K 238.1K
Net Change In Cash -4.080K -1.070K -35.03K
YoY Change -93.11% -96.95% -211.95%
FREE CASH FLOW
Cash From Operating Activities -$53.86K -$168.4K -$273.1K
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
USD
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2020 WBST Common Stock Dividend
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USD
CY2020 us-gaap Share Based Compensation
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CY2021 us-gaap Proceeds From Issuance Of Common Stock
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CY2021 us-gaap Repayments Of Related Party Debt
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CY2020 us-gaap Interest Paid Net
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USD
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CY2020 us-gaap Income Taxes Paid Net
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CY2021 WBST Common Stock Dividend Charged Against Retained Earnings
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CY2021 WBST Repayment On Due To Stockholder With Preferred Stock Issuance
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CY2020 us-gaap Share Based Compensation
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CY2020 us-gaap Share Based Compensation
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CY2021 us-gaap Effective Income Tax Rate Continuing Operations
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pure
CY2020 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
pure
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
139900000 shares
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
139474247 shares

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