2022 Q1 Form 10-Q Financial Statement
#000149315222012979 Filed on May 12, 2022
Income Statement
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| Revenue | ||
| YoY Change | ||
| Cost Of Revenue | ||
| YoY Change | ||
| Gross Profit | ||
| YoY Change | ||
| Gross Profit Margin | ||
| Selling, General & Admin | $329.9K | $310.0K |
| YoY Change | 6.4% | -19.05% |
| % of Gross Profit | ||
| Research & Development | ||
| YoY Change | ||
| % of Gross Profit | ||
| Depreciation & Amortization | $400.00 | $400.00 |
| YoY Change | 0.0% | 0.0% |
| % of Gross Profit | ||
| Operating Expenses | $329.9K | $310.0K |
| YoY Change | 6.4% | -19.05% |
| Operating Profit | -$329.9K | -$310.0K |
| YoY Change | 6.4% | -18.78% |
| Interest Expense | ||
| YoY Change | ||
| % of Operating Profit | ||
| Other Income/Expense, Net | ||
| YoY Change | ||
| Pretax Income | -$329.9K | -$310.0K |
| YoY Change | 6.4% | -18.78% |
| Income Tax | ||
| % Of Pretax Income | ||
| Net Earnings | -$329.9K | -$310.0K |
| YoY Change | 6.4% | -18.78% |
| Net Earnings / Revenue | ||
| Basic Earnings Per Share | $0.00 | |
| Diluted Earnings Per Share | -$2.358K | -$2.216K |
| COMMON SHARES | ||
| Basic Shares Outstanding | 139.9M shares | |
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $700.00 | $880.00 |
| YoY Change | -20.45% | -89.55% |
| Cash & Equivalents | $701.00 | |
| Short-Term Investments | ||
| Other Short-Term Assets | $10.87K | $0.00 |
| YoY Change | ||
| Inventory | ||
| Prepaid Expenses | ||
| Receivables | $1.350K | |
| Other Receivables | $0.00 | |
| Total Short-Term Assets | $11.57K | $2.220K |
| YoY Change | 421.17% | -81.91% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $3.490K | $4.920K |
| YoY Change | -29.07% | -21.15% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | ||
| YoY Change | ||
| Total Long-Term Assets | $6.290K | $9.320K |
| YoY Change | -32.51% | -23.86% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $11.57K | $2.220K |
| Total Long-Term Assets | $6.290K | $9.320K |
| Total Assets | $17.86K | $11.54K |
| YoY Change | 54.77% | -52.92% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $46.53K | $58.81K |
| YoY Change | -20.88% | 89.71% |
| Accrued Expenses | $2.672M | $1.615M |
| YoY Change | 65.4% | 178.71% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $744.9K | $538.6K |
| YoY Change | 38.3% | -16.3% |
| Long-Term Debt Due | ||
| YoY Change | ||
| Total Short-Term Liabilities | $3.463M | $2.213M |
| YoY Change | 56.51% | 76.45% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Other Long-Term Liabilities | $1.990K | $3.560K |
| YoY Change | -44.1% | -28.94% |
| Total Long-Term Liabilities | $1.990K | $3.560K |
| YoY Change | -44.1% | -28.94% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $3.463M | $2.213M |
| Total Long-Term Liabilities | $1.990K | $3.560K |
| Total Liabilities | $3.465M | $2.216M |
| YoY Change | 56.35% | 76.03% |
| 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 | -$3.447M | -$2.205M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $17.86K | $11.54K |
| YoY Change | 54.77% | -52.92% |
Cashflow Statement
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$329.9K | -$310.0K |
| YoY Change | 6.4% | -18.78% |
| Depreciation, Depletion And Amortization | $400.00 | $400.00 |
| YoY Change | 0.0% | 0.0% |
| Cash From Operating Activities | -$66.04K | -$28.03K |
| YoY Change | 135.6% | -68.31% |
| 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 | 66.30K | 27.40K |
| YoY Change | 141.97% | -54.6% |
| NET CHANGE | ||
| Cash From Operating Activities | -66.04K | -28.03K |
| Cash From Investing Activities | ||
| Cash From Financing Activities | 66.30K | 27.40K |
| Net Change In Cash | 260.0 | -630.0 |
| YoY Change | -141.27% | -97.76% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | -$66.04K | -$28.03K |
| Capital Expenditures | ||
| Free Cash Flow | ||
| YoY Change |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2021Q4 | us-gaap |
Preferred Stock Value
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| CY2022Q1 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
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| CY2021Q1 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
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| CY2022Q1 | us-gaap |
Cost Of Revenue
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| CY2022Q1 | us-gaap |
Commitments And Contingencies
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| CY2022Q1 | us-gaap |
Preferred Stock Value
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Cost Of Revenue
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Gross Profit
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Income Tax Expense Benefit
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| CY2021Q1 | us-gaap |
Interest Paid Net
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| CY2021Q1 | us-gaap |
Income Taxes Paid Net
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| CY2022Q1 | us-gaap |
Finite Lived Intangible Asset Useful Life
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