2023 Q2 Form 10-Q Financial Statement
#000168316823003201 Filed on May 11, 2023
Income Statement
Concept | 2023 Q2 | 2023 Q1 | 2022 Q1 |
---|---|---|---|
Revenue | $651.0K | $605.8K | $389.0K |
YoY Change | 56.22% | 55.75% | 104.73% |
Cost Of Revenue | |||
YoY Change | |||
Gross Profit | |||
YoY Change | |||
Gross Profit Margin | |||
Selling, General & Admin | $946.0K | $925.7K | $907.3K |
YoY Change | -7.83% | 2.03% | -2.44% |
% of Gross Profit | |||
Research & Development | $903.2K | $595.3K | $1.101M |
YoY Change | -56.52% | -45.95% | 74.83% |
% of Gross Profit | |||
Depreciation & Amortization | |||
YoY Change | |||
% of Gross Profit | |||
Operating Expenses | $1.849M | $1.521M | $2.009M |
YoY Change | -40.42% | -24.28% | 28.76% |
Operating Profit | -$1.198M | -$915.2K | -$1.620M |
YoY Change | -55.41% | -43.5% | |
Interest Expense | $126.1K | $54.10K | $25.91K |
YoY Change | 689.61% | 108.8% | 29.55% |
% of Operating Profit | |||
Other Income/Expense, Net | $147.2K | $58.62K | $200.00 |
YoY Change | 888.82% | 29210.5% | |
Pretax Income | -$1.051M | -$856.6K | -$1.594M |
YoY Change | -60.67% | -46.25% | 18.05% |
Income Tax | $0.00 | $0.00 | $0.00 |
% Of Pretax Income | |||
Net Earnings | -$1.051M | -$856.6K | -$1.594M |
YoY Change | -60.67% | -46.25% | 18.05% |
Net Earnings / Revenue | -161.44% | -141.38% | -409.68% |
Basic Earnings Per Share | -$0.69 | -$0.06 | -$0.12 |
Diluted Earnings Per Share | -$0.69 | -$0.06 | -$118.6K |
COMMON SHARES | |||
Basic Shares Outstanding | 15.17M shares | 15.17M shares | 13.44M shares |
Diluted Shares Outstanding | 1.525M shares | 15.17M shares | 13.44M shares |
Balance Sheet
Concept | 2023 Q2 | 2023 Q1 | 2022 Q1 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $10.73M | $11.99M | $16.16M |
YoY Change | -28.15% | -25.76% | 61.4% |
Cash & Equivalents | $10.73M | $11.99M | $16.16M |
Short-Term Investments | |||
Other Short-Term Assets | $1.319M | $876.5K | $732.4K |
YoY Change | 193.95% | 19.69% | -28.9% |
Inventory | |||
Prepaid Expenses | |||
Receivables | |||
Other Receivables | |||
Total Short-Term Assets | $12.04M | $12.87M | $16.89M |
YoY Change | -21.67% | -23.79% | 52.98% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $0.00 | ||
YoY Change | |||
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $704.4K | $844.4K | $1.095M |
YoY Change | -35.49% | -22.87% | 49.97% |
Total Long-Term Assets | $704.4K | $844.4K | $1.095M |
YoY Change | -35.49% | -22.87% | 52.06% |
TOTAL ASSETS | |||
Total Short-Term Assets | $12.04M | $12.87M | $16.89M |
Total Long-Term Assets | $704.4K | $844.4K | $1.095M |
Total Assets | $12.75M | $13.72M | $17.98M |
YoY Change | -22.58% | -23.73% | 52.92% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $221.3K | $259.2K | $280.7K |
YoY Change | -53.19% | -7.66% | 33.66% |
Accrued Expenses | $650.0K | $597.2K | $782.6K |
YoY Change | -19.4% | -23.69% | 32.64% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $871.3K | $856.4K | $1.063M |
YoY Change | -31.89% | -19.46% | 32.91% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Other Long-Term Liabilities | $0.00 | ||
YoY Change | -100.0% | ||
Total Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
YoY Change | -100.0% | ||
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $871.3K | $856.4K | $1.063M |
Total Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
Total Liabilities | $871.3K | $856.4K | $1.063M |
YoY Change | -31.89% | -19.46% | 29.67% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$191.0M | -$190.0M | |
YoY Change | 2.25% | ||
Common Stock | $1.536K | $15.19K | |
YoY Change | -89.29% | ||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $11.88M | $12.86M | $16.92M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $12.75M | $13.72M | $17.98M |
YoY Change | -22.58% | -23.73% | 52.92% |
Cashflow Statement
Concept | 2023 Q2 | 2023 Q1 | 2022 Q1 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$1.051M | -$856.6K | -$1.594M |
YoY Change | -60.67% | -46.25% | 18.05% |
Depreciation, Depletion And Amortization | |||
YoY Change | |||
Cash From Operating Activities | -$1.269M | -$1.102M | -$2.088M |
YoY Change | 74.11% | -47.19% | 37.35% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $0.00 | ||
YoY Change | |||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | |||
YoY Change | |||
Cash From Investing Activities | $0.00 | ||
YoY Change | -100.0% | ||
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | |||
YoY Change | |||
NET CHANGE | |||
Cash From Operating Activities | -1.269M | -$1.102M | -2.088M |
Cash From Investing Activities | 0.000 | ||
Cash From Financing Activities | |||
Net Change In Cash | -1.269M | -$1.102M | -2.088M |
YoY Change | 3.27% | -47.19% | 37.35% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$1.269M | -$1.102M | -$2.088M |
Capital Expenditures | $0.00 | ||
Free Cash Flow | -$1.269M | ||
YoY Change |
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|
100000 | usd |
CY2023Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | usd |
CY2022Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | usd |
CY2023Q1 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
38700000 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
38600000 | usd |
CY2023Q1 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
0 | usd |
CY2022Q4 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
0 | usd |
CY2023Q1 | us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
0 | usd |
CY2022Q1 | us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
9475 | usd |
CY2023Q1 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
0 | usd |
CY2022Q1 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
17568 | usd |
CY2023Q1 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
0 | usd |
CY2022Q1 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
17568 | usd |