Overview of Financial Statements
Financial statements are records that provide an overview of a company's financial performance and position. There are three main types of financial statements:
- Income Statement: Shows the company's revenue, expenses, and profit over a specific period.
- Balance Sheet: Provides a snapshot of the company's assets, liabilities, and equity at a specific point in time.
- Cash Flow Statement: Details the cash inflows and outflows from operating, investing, and financing activities over a period.
This page presents both annual and quarterly data for these financial statements. The charts below provide a visual representation of the key metrics from each statement, helping you to quickly understand the financial health of PopReach.
Income Statement
| Breakdown | September 30, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 |
|---|---|---|---|---|
| Revenue | $76.65M | $17.07M | $18.01M | $17.95M |
| Cost of Revenue | $40.50M | $6.25M | $7.65M | $10.06M |
| Gross Profit | $36.15M | $10.83M | $10.36M | $7.89M |
| Gross Profit Ratio | 47.16% | 63.40% | 57.53% | 43.95% |
| Research and Development Expenses | $5.17M | $3.66M | $2.81M | $3.25M |
| General and Administrative Expenses | $9.32M | $4.22M | $2.87M | $2.80M |
| Selling and Marketing Expenses | $12.60M | $2.17M | $609.57K | $47.06K |
| Selling General and Administrative Expenses | $21.92M | $6.39M | $3.48M | $2.85M |
| Other Expenses | $416.00K | $3.59M | $-4.98M | $-60.47K |
| Operating Expenses | $35.90M | $11.95M | $9.19M | $9.82M |
| Cost and Expenses | $76.40M | $18.20M | $16.84M | $19.88M |
| Interest Income | $- | $- | $- | $- |
| Interest Expense | $2.91M | $783.33K | $1.42M | $1.27M |
| Depreciation and Amortization | $8.81M | $1.91M | $2.89M | $3.72M |
| EBITDA | $9.47M | $4.38M | $-912.99K | $1.74M |
| EBITDA Ratio | 12.35% | 25.63% | -5.07% | 9.67% |
| Operating Income | $662.00K | $2.47M | $-3.81M | $-1.98M |
| Operating Income Ratio | 0.86% | 14.46% | -21.14% | -11.05% |
| Total Other Income Expenses Net | $-3.69M | $3.59M | $-5.99M | $-1.05M |
| Income Before Tax | $-6.36M | $1.69M | $-6.23M | $-4.24M |
| Income Before Tax Ratio | -8.29% | 9.87% | -34.61% | -23.64% |
| Income Tax Expense | $-471.00K | $90.96K | $67.59K | $191.27K |
| Net Income | $-5.88M | $1.59M | $-6.30M | $-4.44M |
| Net Income Ratio | -7.68% | 9.34% | -34.99% | -24.71% |
| EPS | $-0.03 | $0.02 | $-0.13 | $-0.09 |
| EPS Diluted | $-0.03 | $0.02 | $-0.13 | $-0.09 |
| Weighted Average Shares Outstanding | 182.49M | 73.13M | 47.82M | 51.98M |
| Weighted Average Shares Outstanding Diluted | 182.49M | 77.11M | 47.82M | 51.98M |
| SEC Filing | Source | Source | Source | Source |
Balance Sheet
| Breakdown | September 30, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 |
|---|---|---|---|---|
| Cash and Cash Equivalents | $8.85M | $11.03M | $18.10M | $1.13M |
| Short Term Investments | $- | $57.75K | $50.55K | $43.57K |
| Cash and Short Term Investments | $8.85M | $11.09M | $18.15M | $1.17M |
| Net Receivables | $15.68M | $1.71M | $1.63M | $2.03M |
| Inventory | $675.00K | $- | $- | $- |
| Other Current Assets | $537.00K | $- | $- | $- |
| Total Current Assets | $25.74M | $13.18M | $20.08M | $3.53M |
| Property Plant Equipment Net | $608.00K | $744.33K | $322.80K | $547.57K |
| Goodwill | $55.11M | $2.61M | $6.08K | $6.08K |
| Intangible Assets | $67.80M | $9.41M | $5.12M | $7.65M |
| Goodwill and Intangible Assets | $122.91M | $12.02M | $5.12M | $7.66M |
| Long Term Investments | $72.00K | $42.84K | $100.16K | $147.75K |
| Tax Assets | $93.00K | $78.17K | $67.34K | $- |
| Other Non-Current Assets | $945.00K | $1.73M | $484.03K | $732.28K |
| Total Non-Current Assets | $124.56M | $13.75M | $5.86M | $9.09M |
| Other Assets | $- | $- | $- | $- |
| Total Assets | $150.30M | $26.93M | $25.93M | $12.62M |
| Account Payables | $9.38M | $1.35M | $869.08K | $2.07M |
| Short Term Debt | $8.51M | $1.71M | $1.41M | $8.20M |
| Tax Payables | $828.00K | $28.45K | $43.06K | $72.44K |
| Deferred Revenue | $2.46M | $2.56M | $912.48K | $1.23M |
| Other Current Liabilities | $-1.09M | $-266.00K | $3.78M | $173.41K |
| Total Current Liabilities | $29.47M | $6.74M | $7.88M | $13.83M |
| Long Term Debt | $39.14M | $3.89M | $4.95M | $985.29K |
| Deferred Revenue Non-Current | $117.00K | $119.44K | $- | $- |
| Deferred Tax Liabilities Non-Current | $3.04M | $- | $- | $- |
| Other Non-Current Liabilities | $1.66M | $1.73M | $588.86K | $538.22K |
| Total Non-Current Liabilities | $43.95M | $5.74M | $5.53M | $1.52M |
| Other Liabilities | $- | $- | $- | $- |
| Total Liabilities | $73.42M | $12.48M | $13.41M | $15.35M |
| Preferred Stock | $- | $- | $- | $- |
| Common Stock | $74.91M | $24.71M | $24.58M | $3.14M |
| Retained Earnings | $-6.01M | $-11.63M | $-13.22M | $-6.92M |
| Accumulated Other Comprehensive Income Loss | $168.00K | $-22.03K | $-53.76K | $-30.40K |
| Other Total Stockholders Equity | $7.81M | $1.40M | $1.22M | $1.08M |
| Total Stockholders Equity | $76.88M | $14.46M | $12.52M | $-2.73M |
| Total Equity | $76.88M | $14.46M | $12.52M | $-2.73M |
| Total Liabilities and Stockholders Equity | $150.30M | $26.93M | $25.93M | $12.62M |
| Minority Interest | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $150.30M | $26.93M | $25.93M | $12.62M |
| Total Investments | $- | $100.59K | $150.72K | $191.31K |
| Total Debt | $47.65M | $5.60M | $6.35M | $9.19M |
| Net Debt | $38.80M | $-5.43M | $-11.74M | $8.06M |
Cash Flow Statement
| Breakdown | September 30, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 |
|---|---|---|---|---|
| Net Income | $-5.88M | $1.59M | $-6.30M | $-4.44M |
| Depreciation and Amortization | $8.81M | $1.91M | $2.89M | $3.72M |
| Deferred Income Tax | $-1.53M | $-22.08K | $-59.48K | $1.03M |
| Stock Based Compensation | $484.00K | $200.42K | $180.20K | $201.18K |
| Change in Working Capital | $-1.03M | $243.20K | $-942.86K | $-965.80K |
| Accounts Receivables | $-289.00K | $-187.08K | $277.31K | $-2.25M |
| Inventory | $- | $-293.38K | $260.44K | $-278.52K |
| Accounts Payables | $- | $467.22K | $-1.16M | $1.01M |
| Other Working Capital | $-743.00K | $-36.94K | $-58.60K | $283.37K |
| Other Non Cash Items | $3.75M | $-2.99M | $6.91M | $2.11M |
| Net Cash Provided by Operating Activities | $4.59M | $930.59K | $2.69M | $628.02K |
| Investments in Property Plant and Equipment | $-723.00K | $-817.47K | $-140.32K | $-1.07M |
| Acquisitions Net | $-5.95M | $-5.31M | $-824.36K | $-2.10M |
| Purchases of Investments | $- | $- | $- | $- |
| Sales Maturities of Investments | $- | $- | $- | $- |
| Other Investing Activities | $-639.00K | $-642.71K | $63.68K | $-748.25K |
| Net Cash Used for Investing Activities | $-6.64M | $-6.06M | $-901.00K | $-2.91M |
| Debt Repayment | $- | $- | $- | $- |
| Common Stock Issued | $- | $- | $15.86M | $- |
| Common Stock Repurchased | $- | $- | $- | $- |
| Dividends Paid | $- | $- | $- | $- |
| Other Financing Activities | $53.65M | $-428.62K | $1.40M | $4.66M |
| Net Cash Used Provided by Financing Activities | $8.79M | $-1.94M | $15.20M | $3.20M |
| Effect of Forex Changes on Cash | $63.00K | $-8.13K | $-11.78K | $12.24K |
| Net Change in Cash | $6.81M | $-7.07M | $16.97M | $929.24K |
| Cash at End of Period | $8.85M | $11.03M | $18.10M | $1.13M |
| Cash at Beginning of Period | $2.04M | $18.10M | $1.13M | $196.92K |
| Operating Cash Flow | $4.59M | $930.59K | $2.69M | $628.02K |
| Capital Expenditure | $-723.00K | $-817.47K | $-140.32K | $-1.07M |
| Free Cash Flow | $3.87M | $113.12K | $2.54M | $-443.29K |