2021 Form 10-K Financial Statement
#000121390022013250 Filed on March 17, 2022
Income Statement
| Concept | 2021 | 2020 |
|---|---|---|
| Revenue | $0.00 | $0.00 |
| YoY Change | ||
| Cost Of Revenue | ||
| YoY Change | ||
| Gross Profit | ||
| YoY Change | ||
| Gross Profit Margin | ||
| Selling, General & Admin | $10.88M | $6.254M |
| YoY Change | 73.98% | 0.74% |
| % of Gross Profit | ||
| Research & Development | ||
| YoY Change | ||
| % of Gross Profit | ||
| Depreciation & Amortization | $743.0K | $60.00K |
| YoY Change | 1138.33% | 22.45% |
| % of Gross Profit | ||
| Operating Expenses | $10.88M | $6.254M |
| YoY Change | 73.98% | 0.74% |
| Operating Profit | -$10.88M | |
| YoY Change | ||
| Interest Expense | ||
| YoY Change | ||
| % of Operating Profit | ||
| Other Income/Expense, Net | ||
| YoY Change | ||
| Pretax Income | -$10.72M | -$6.996M |
| YoY Change | 53.24% | 4.53% |
| Income Tax | ||
| % Of Pretax Income | ||
| Net Earnings | -$10.72M | -$6.996M |
| YoY Change | 53.24% | 4.53% |
| Net Earnings / Revenue | ||
| Basic Earnings Per Share | -$40.00 | |
| Diluted Earnings Per Share | -$38.64K | -$37.33K |
| COMMON SHARES | ||
| Basic Shares Outstanding | 277.5M shares | |
| Diluted Shares Outstanding | 277.5M shares |
Balance Sheet
| Concept | 2021 | 2020 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $4.683M | $11.71M |
| YoY Change | -60.0% | 141.65% |
| Cash & Equivalents | $4.683M | $11.71M |
| Short-Term Investments | ||
| Other Short-Term Assets | $2.575M | $5.451M |
| YoY Change | -52.76% | 203.17% |
| Inventory | ||
| Prepaid Expenses | ||
| Receivables | ||
| Other Receivables | ||
| Total Short-Term Assets | $8.641M | $19.39M |
| YoY Change | -55.44% | 181.11% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $54.25M | $23.66M |
| YoY Change | 129.26% | 107.83% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | $541.0K | $446.0K |
| YoY Change | 21.3% | 20.22% |
| Total Long-Term Assets | $54.79M | $24.11M |
| YoY Change | 127.26% | 105.06% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $8.641M | $19.39M |
| Total Long-Term Assets | $54.79M | $24.11M |
| Total Assets | $63.43M | $43.50M |
| YoY Change | 45.81% | 133.19% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $2.783M | $1.369M |
| YoY Change | 103.29% | 1167.59% |
| Accrued Expenses | $680.0K | $838.0K |
| YoY Change | -18.85% | -21.31% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | $0.00 | $3.033M |
| YoY Change | -100.0% | |
| Total Short-Term Liabilities | $5.338M | $7.582M |
| YoY Change | -29.6% | 301.8% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $0.00 | $0.00 |
| YoY Change | -100.0% | |
| Other Long-Term Liabilities | $717.0K | $812.0K |
| YoY Change | -11.7% | -4.69% |
| Total Long-Term Liabilities | $717.0K | $812.0K |
| YoY Change | -11.7% | -76.43% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $5.338M | $7.582M |
| Total Long-Term Liabilities | $717.0K | $812.0K |
| Total Liabilities | $6.055M | $8.394M |
| YoY Change | -27.87% | 57.43% |
| 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 | $57.38M | $35.11M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $63.43M | $43.50M |
| YoY Change | 45.81% | 133.19% |
Cashflow Statement
| Concept | 2021 | 2020 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$10.72M | -$6.996M |
| YoY Change | 53.24% | 4.53% |
| Depreciation, Depletion And Amortization | $743.0K | $60.00K |
| YoY Change | 1138.33% | 22.45% |
| Cash From Operating Activities | -$5.813M | -$9.921M |
| YoY Change | -41.41% | 70.79% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | -$228.0K | -$6.490M |
| YoY Change | -96.49% | 81025.0% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | -$28.79M | -$3.229M |
| YoY Change | 791.73% | -51.08% |
| Cash From Investing Activities | -$29.02M | -$9.719M |
| YoY Change | 198.61% | 47.06% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | 26.13M | 28.37M |
| YoY Change | -7.9% | 99.37% |
| NET CHANGE | ||
| Cash From Operating Activities | -5.813M | -9.921M |
| Cash From Investing Activities | -29.02M | -9.719M |
| Cash From Financing Activities | 26.13M | 28.37M |
| Net Change In Cash | -8.710M | 8.727M |
| YoY Change | -199.81% | 382.15% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | -$5.813M | -$9.921M |
| Capital Expenditures | -$228.0K | -$6.490M |
| Free Cash Flow | -$5.585M | -$3.431M |
| YoY Change | 62.78% | -40.86% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2020 | us-gaap |
Payments For Previous Acquisition
PaymentsForPreviousAcquisition
|
4600000 | USD |
| CY2020Q4 | us-gaap |
Restricted Cash Equivalents
RestrictedCashEquivalents
|
1000000 | USD |
| CY2020Q4 | us-gaap |
Capitalized Costs Asset Retirement Costs
CapitalizedCostsAssetRetirementCosts
|
1481000 | USD |
| CY2020Q4 | zn |
Drilling Provisions Accrued Liabilities
DrillingProvisionsAccruedLiabilities
|
1340000 | USD |
| CY2021 | zn |
Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePrice
|
0.98 | |
| CY2020 | zn |
Drilling Rig And Related Equipment Net Of Accumulated Depreciation
DrillingRigAndRelatedEquipmentNetOfAccumulatedDepreciation
|
USD | |
| CY2020Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
| CY2020 | us-gaap |
Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
|
USD | |
| CY2021 | us-gaap |
Increase Decrease In Asset Retirement Obligations
IncreaseDecreaseInAssetRetirementObligations
|
USD | |
| CY2021 | zn |
Repayments Of Capital Loan
RepaymentsOfCapitalLoan
|
USD | |
| CY2020 | us-gaap |
Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
|
USD | |
| CY2020 | zn |
Convertible Bond Principal Paid In Shares
ConvertibleBondPrincipalPaidInShares
|
USD | |
| CY2021 | us-gaap |
Noncash Or Part Noncash Acquisition Other Assets Acquired1
NoncashOrPartNoncashAcquisitionOtherAssetsAcquired1
|
USD | |
| CY2020 | zn |
Convertible Shares Related To Senior Convertible Bonds
ConvertibleSharesRelatedToSeniorConvertibleBonds
|
USD | |
| CY2021 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
USD | |
| CY2019Q4 | zn |
Drilling Rig Associatedand Equipment
DrillingRigAssociatedandEquipment
|
USD | |
| CY2020 | zn |
Purchase Price Allocations
PurchasePriceAllocations
|
USD | |
| CY2020 | zn |
Asset Disposals
AssetDisposals
|
USD | |
| CY2021Q4 | zn |
Interest On Convertible Bonds
InterestOnConvertibleBonds
|
USD | |
| CY2020 | zn |
Warrants Issued
WarrantsIssued
|
shares | |
| CY2020 | zn |
Class Of Warrants Expired
ClassOfWarrantsExpired
|
shares | |
| CY2021 | zn |
Class Of Warrants Expired
ClassOfWarrantsExpired
|
shares | |
| CY2021Q4 | us-gaap |
Convertible Debt
ConvertibleDebt
|
USD | |
| CY2021Q4 | us-gaap |
Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
|
USD | |
| CY2021Q4 | zn |
Bonds Converted To Shares
BondsConvertedToShares
|
USD | |
| CY2021Q4 | us-gaap |
Other Deferred Costs Net
OtherDeferredCostsNet
|
USD | |
| CY2021Q4 | zn |
Senior Convertible Bonds
SeniorConvertibleBonds
|
USD | |
| CY2021Q4 | us-gaap |
Derivative Liabilities Current
DerivativeLiabilitiesCurrent
|
USD | |
| CY2021Q4 | zn |
Senior Convertible Bonds Current
SeniorConvertibleBondsCurrent
|
USD | |
| CY2021Q4 | us-gaap |
Deferred Costs Current
DeferredCostsCurrent
|
USD | |
| CY2021Q4 | us-gaap |
Debt Instrument Unamortized Discount Current
DebtInstrumentUnamortizedDiscountCurrent
|
USD | |
| CY2021Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
| CY2021Q4 | us-gaap |
Derivative Liabilities
DerivativeLiabilities
|
USD | |
| CY2021Q4 | us-gaap |
Convertible Debt Fair Value Disclosures
ConvertibleDebtFairValueDisclosures
|
USD | |
| CY2021 | us-gaap |
Interest Expense
InterestExpense
|
USD | |
| CY2020 | us-gaap |
Interest Expense
InterestExpense
|
USD | |
| CY2021Q4 | us-gaap |
Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
|
USD | |
| CY2021 | zn |
Fair Value Assumption Risk Free Interest Rate
FairValueAssumptionRiskFreeInterestRate
|
pure | |
| CY2021 | zn |
Fair Value Assumption Expected Volatility Rate
FairValueAssumptionExpectedVolatilityRate
|
pure | |
| CY2021 | zn |
Fair Value Assumption Expected Term
FairValueAssumptionExpectedTerm
|
||
| CY2021Q4 | us-gaap |
Debt Instrument Face Amount
DebtInstrumentFaceAmount
|
USD | |
| CY2021 | zn |
Fair Value Assumptions Expected Yield Rate
FairValueAssumptionsExpectedYieldRate
|
pure | |
| CY2021Q4 | zn |
Fair Value Assumption Exercise Price
FairValueAssumptionExercisePrice
|
||
| CY2021Q4 | us-gaap |
Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
|
USD | |
| CY2020Q4 | us-gaap |
Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
|
USD | |
| CY2021 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
USD | |
| CY2020 | us-gaap |
Income Tax Expense Benefit
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|
USD | |
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Lessee Operating Lease Liability Payments Due Year Four
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|
USD | |
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Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
|
USD | |
| CY2021Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
|
USD | |
| CY2021 | us-gaap |
Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
|
USD | |
| CY2020 | us-gaap |
Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
|
USD | |
| CY2021Q4 | zn |
Operating Leases Future Minimum Payment Due In Five Years
OperatingLeasesFutureMinimumPaymentDueInFiveYears
|
USD | |
| CY2021Q4 | zn |
Operating Leases Future Minimum Payment Due Thereafter
OperatingLeasesFutureMinimumPaymentDueThereafter
|
USD | |
| CY2021 | us-gaap |
Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
|
USD | |
| CY2021 | zn |
License Cost
LicenseCost
|
USD | |
| CY2020 | zn |
License Cost
LicenseCost
|
USD | |
| CY2021Q1 | zn |
Sales Revenues Net
SalesRevenuesNet
|
USD | |
| CY2021Q2 | zn |
Sales Revenues Net
SalesRevenuesNet
|
USD | |
| CY2021Q3 | zn |
Sales Revenues Net
SalesRevenuesNet
|
USD | |
| CY2021Q4 | zn |
Sales Revenues Net
SalesRevenuesNet
|
USD | |
| CY2020Q1 | zn |
Sales Revenues Net
SalesRevenuesNet
|
USD | |
| CY2020Q2 | zn |
Sales Revenues Net
SalesRevenuesNet
|
USD | |
| CY2020Q3 | zn |
Sales Revenues Net
SalesRevenuesNet
|
USD | |
| CY2020Q4 | zn |
Sales Revenues Net
SalesRevenuesNet
|
USD |
