$1.84M
Revenue
$-5.30M
Net Income
27.27%
Gross Margin
-298.00%
Op. Margin
$-744.18K
Free Cash Flow
| Breakdown | TTM (Jun 30, 2024) |
FY 2023 (Dec 31, 2023) |
FY 2022 (Dec 31, 2022) |
FY 2021 (Dec 31, 2021) |
FY 2020 (Dec 31, 2020) |
FY 2019 (Dec 31, 2019) |
FY 2018 (Dec 31, 2018) |
FY 2017 (Aug 31, 2017) |
FY 2015 (Aug 31, 2015) |
|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $1.84M | $4.24M | $9.23M | $8.02M | $5.01M | $275.22K | $95.85K | - | - |
| Revenue Growth % | -56.5% | -54.1% | 15.1% | 60.3% | 1718.8% | 187.1% | nan% | nan% | nan% |
| Cost of Revenue | $1.34M | $2.26M | $4.59M | $3.66M | $1.67M | $216.22K | $46.50K | - | - |
| Gross Profit | $502.75K | $1.98M | $4.64M | $4.36M | $3.33M | $59.00K | $49.35K | - | - |
| Gross Margin % | 27.3% | 46.8% | 50.3% | 54.4% | 66.6% | 21.4% | 51.5% | nan% | nan% |
| Operating Expenses | - | - | - | - | - | - | - | $105.94K | $45.59K |
| Operating Income | $-5.49M | $-4.16M | $-1.95M | $2.18M | $-3.15M | $-380.34K | $-266.08K | - | - |
| Operating Margin % | -298.0% | -98.1% | -21.1% | 27.1% | -63.0% | -138.2% | -277.6% | nan% | nan% |
| Interest Expense | $49.52K | $38.39K | $31.44K | $17.82K | $14.32K | $11.00 | $699.00 | - | - |
| Other Income/Expense | $-21.83K | $-18.53K | $-20.63K | $52.02K | $26.88K | $2.47K | $1.44K | - | - |
| Income Before Tax | $-5.52M | $-4.17M | $-1.97M | $2.21M | $-3.34M | $-377.67K | $-265.24K | - | - |
| Income Tax Expense | $352.00 | $96.44K | $186.48K | $248.84K | $-306.93K | $-82.00 | $-2.81K | - | - |
| Net Income | $-5.30M | $-4.05M | $-1.94M | $1.78M | $-3.26M | $-377.76K | $-262.42K | $-105.94K | $-45.59K |
| Net Margin % | -287.5% | -95.5% | -21.0% | 22.2% | -65.0% | -137.3% | -273.8% | nan% | nan% |
| Basic EPS | -0.34 | -0.26 | -0.12 | 0.11 | nan | nan | nan | nan | nan |
| Diluted EPS | -0.34 | -0.26 | -0.12 | nan | nan | nan | nan | nan | nan |
| Basic Shares Outstanding | 15.7M | 15.7M | 15.7M | 15.7M | - | - | - | - | - |
| Diluted Shares Outstanding | 15.7M | 15.7M | 15.7M | - | - | - | - | - | - |
| Breakdown | FY 2023 (Dec 31, 2023) |
FY 2022 (Dec 31, 2022) |
FY 2021 (Dec 31, 2021) |
FY 2020 (Dec 31, 2020) |
FY 2019 (Dec 31, 2019) |
FY 2018 (Dec 31, 2018) |
FY 2017 (Aug 31, 2017) |
FY 2015 (Aug 31, 2015) |
|---|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $288.25K | $165.69K | $123.16K | $249.84K | $38.14K | $30.00K | - | $42.49K |
| Accounts Receivable | $3.12M | $4.80M | $2.66M | $2.47M | $146.00 | - | - | - |
| Inventory | $32.59K | $148.93K | $81.07K | $144.56K | $28.50K | $236.18K | - | - |
| Other Current Assets | $1.64M | $1.76M | $2.18M | - | - | - | - | - |
| Total Current Assets | $5.08M | $6.87M | $5.07M | $4.23M | $73.97K | $338.31K | $5.83K | $42.49K |
| Property Plant & Equipment | $83.71K | $97.89K | $140.39K | $47.81K | $8.61K | $9.81K | - | - |
| Goodwill | - | $454.20K | $1.41M | $1.37M | - | - | - | - |
| Intangible Assets | $151.64K | $370.93K | $2.28M | $3.03M | - | - | - | - |
| Total Assets | $6.25M | $9.29M | $11.69M | $9.66M | $193.04K | $348.11K | $5.83K | - |
| Accounts Payable | $583.89K | $688.82K | $239.49K | $251.54K | - | - | - | - |
| Short-term Debt | $458.02K | $422.65K | $101.21K | - | - | - | - | - |
| Accrued Liabilities | $627.46K | $502.39K | $128.34K | $277.53K | $32.86K | - | - | $10.58K |
| Deferred Revenue | $1.36M | $139.33K | $382.52K | $580.15K | - | - | - | - |
| Total Current Liabilities | $3.85M | $2.48M | $1.72M | $2.00M | $855.35K | $735.34K | $114.46K | $10.82K |
| Long-term Debt | $212.04K | $58.44K | $188.22K | $254.27K | - | - | - | - |
| Total Liabilities | $4.26M | $2.79M | $2.22M | $2.43M | $953.54K | $735.34K | $114.46K | - |
| Common Stock | $15.65K | $15.65K | $15.65K | $313.10K | $307.75K | $307.75K | $7.75K | $7.75K |
| Retained Earnings | $-8.55M | $-4.50M | $-2.56M | $-4.34M | $-1.09M | $-708.10K | $-199.24K | $-45.83K |
| Total Stockholders Equity | $2.12M | $6.39M | $9.06M | $7.04M | $-760.50K | $-387.23K | $-108.63K | $31.67K |
| Total Liabilities & Equity | $6.25M | $9.29M | $11.69M | $9.66M | $193.04K | $348.11K | $5.83K | $42.49K |
| Breakdown | TTM (Jun 30, 2024) |
FY 2023 (Dec 31, 2023) |
FY 2022 (Dec 31, 2022) |
FY 2021 (Dec 31, 2021) |
FY 2020 (Dec 31, 2020) |
FY 2019 (Dec 31, 2019) |
FY 2018 (Dec 31, 2018) |
FY 2017 (Aug 31, 2017) |
FY 2015 (Aug 31, 2015) |
|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-5.30M | $-4.05M | $-1.94M | $1.78M | $-3.26M | $-377.76K | $-262.42K | $-105.94K | $-45.59K |
| Depreciation & Amortization | $418.83K | $243.87K | $852.88K | $869.41K | $282.80K | $1.07K | $3.93K | - | - |
| Change in Receivables | $495.24K | $168.11K | $2.42M | $124.84K | $2.31M | $-7.51K | - | - | - |
| Change in Inventory | $-117.05K | $-112.86K | $76.52K | $-66.42K | $28.66K | $-206.78K | $-33.82K | - | - |
| Operating Cash Flow | $-744.18K | $-179.21K | $6.93K | $-457.14K | $1.24M | $-173.65K | $-230.38K | - | $-35.01K |
| Capital Expenditure | - | $4.88K | $2.60K | $117.08K | $65.90K | - | - | - | - |
| Investing Cash Flow | - | $-4.88K | $-10.11K | $469.19K | $-948.03K | - | - | - | - |
| Stock Issued | - | - | - | - | - | - | - | - | $27.50K |
| Financing Cash Flow | $255.82K | $236.60K | $66.12K | $-192.03K | $-108.37K | $182.31K | $182.42K | - | $27.50K |
| Net Change in Cash | $-429.75K | $122.57K | $42.52K | $-126.67K | $211.70K | $8.14K | - | - | $-7.51K |
SEC Filing Format - Data shown as it appears in the Q2 2024 (10-Q) filing
Period ended: Jun 30, 2024
Condensed Consolidated Statements of Operations
| Description | Jun 30, 2024 | Jun 30, 2024 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Total Revenue | $247.06K | - | $514.88K | - |
| Cost of Revenue | $202.78K | - | $415.67K | - |
| Gross Profit | $44.28K | - | $99.21K | - |
| Operating Income | $-772.15K | - | $-1.77M | - |
| Interest Expense | $7.70K | - | $18.54K | - |
| Other Income/Expense | $-5.48K | - | $-13.30K | - |
| Income Before Tax | $-777.63K | - | $-1.78M | - |
| Income Tax Expense | $90.00 | - | $409.00 | - |
| Net Income | $-729.48K | $-89.18K | $-1.73M | - |
| Basic EPS | -0.05 | - | -0.11 | - |
| Diluted EPS | -0.05 | - | -0.11 | - |
| Basic Shares Outstanding | $15.66M | - | $15.66M | - |
| Diluted Shares Outstanding | $15.66M | - | $15.66M | - |
Condensed Consolidated Balance Sheets
| Description | Jun 30, 2024 | Dec 31, 2023 |
|---|---|---|
| Cash & Cash Equivalents | $7.41K | $288.25K |
| Accounts Receivable | $2.16M | $3.12M |
| Inventory | $34.55K | $32.59K |
| Other Current Assets | $1.45M | $1.64M |
| Total Current Assets | $3.65M | $5.08M |
| Property Plant & Equipment | $65.54K | $83.71K |
| Intangible Assets | $46.36K | $151.64K |
| Total Assets | $4.60M | $6.25M |
| Accounts Payable | $518.06K | $583.89K |
| Short-term Debt | $420.64K | $458.02K |
| Accrued Liabilities | $756.86K | $627.46K |
| Deferred Revenue | $1.34M | $1.36M |
| Total Current Liabilities | $4.15M | $3.85M |
| Long-term Debt | $218.03K | $212.04K |
| Total Liabilities | $4.48M | $4.26M |
| Common Stock | $15.65K | $15.65K |
| Retained Earnings | $-10.28M | $-8.55M |
| Total Stockholders Equity | $297.32K | $2.12M |
| Total Liabilities & Equity | $4.60M | $6.25M |
Condensed Consolidated Statements of Cash Flows
| Description | Jun 30, 2024 | Jun 30, 2024 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-729.48K | $-89.18K | $-1.73M | - |
| Depreciation & Amortization | - | - | $116.41K | - |
| Change in Receivables | - | - | $222.30K | - |
| Change in Inventory | - | - | $2.75K | - |
| Operating Cash Flow | - | - | $-274.81K | - |
| Investing Cash Flow | - | - | - | - |
| Financing Cash Flow | - | - | $-130.00 | - |
| Net Change in Cash | - | - | $-280.85K | - |
All values are in USD (United States Dollars). Data is sourced from SEC EDGAR 10-K filings.
Annual data represents full fiscal year results. FY = Fiscal Year ending.