FUSE MEDICAL, INC.: 10-Q filed 2022-08-11

Name: FUSE MEDICAL, INC.: 10-Q filed 2022-08-11
Creator: FUSE MEDICAL, INC.

What FUSE MEDICAL, INC. reported in its quarterly report filed 2022-08-11 (fiscal Q2 2022): 44 published measures, 121 facts as tagged in accession 0001564590-22-029139.

This filing

Form: 10-Q (quarterly report)
Filed: 2022-08-11
Fiscal period: fiscal Q2 2022
Accession: 0001564590-22-029139 on SEC EDGAR

Values are as tagged in this filing. A later filing can restate them; each measure links to its history page, which shows the latest-filed value per period. All FUSE MEDICAL, INC. filings.

Reported measures

Total assets

Resources recognized on the balance sheet. Book assets are not the market value of the business.

Period	Value	Unit	Days
At 2022-06-30	19,052,829	USD
At 2021-12-31	18,304,492	USD

Total liabilities

Recognized obligations at the reporting date. The definition and scope differ from interest-bearing debt.

Period	Value	Unit	Days
At 2022-06-30	22,919,302	USD
At 2021-12-31	21,736,311	USD

Stockholders equity

The reported residual interest after liabilities. It is an accounting amount, not market capitalization.

Period	Value	Unit
At 2022-06-30	-3,866,473	USD
At 2022-03-31	-3,777,256	USD
At 2021-12-31	-3,431,819	USD
At 2021-06-30	-2,465,621	USD
At 2021-03-31	-2,450,216	USD
At 2020-12-31	-2,112,841	USD

Net income or loss

Reported profit or loss for the period. Check the filing for attribution, exceptional items and discontinued operations before comparing companies.

Period	Value	Unit	Days
2022-04-01 to 2022-06-30	-93,319	USD	91
2022-01-01 to 2022-06-30	-451,600	USD	181
2022-01-01 to 2022-03-31	-358,281	USD	90
2021-04-01 to 2021-06-30	-85,480	USD	91
2021-01-01 to 2021-06-30	-538,803	USD	181
2021-01-01 to 2021-03-31	-453,323	USD	90

Operating cash flow

Cash generated or used by operating activities. Working-capital timing can make this differ substantially from reported income.

Period	Value	Unit	Days
2022-01-01 to 2022-06-30	670,878	USD	181
2021-01-01 to 2021-06-30	169,418	USD	181

Capital expenditure payments

Cash payments to acquire property, plant and equipment. This taxonomy concept does not capture every form of investment or acquisition.

Period	Value	Unit	Days
2022-01-01 to 2022-06-30	422,973	USD	181

Contract revenue excluding tax

Revenue from customer contracts excluding assessed taxes under this specific taxonomy concept. It is not automatically comparable to older revenue tags.

Period	Value	Unit	Days
2022-04-01 to 2022-06-30	4,668,290	USD	91
2022-01-01 to 2022-06-30	9,222,628	USD	181
2021-04-01 to 2021-06-30	5,665,015	USD	91
2021-01-01 to 2021-06-30	10,105,774	USD	181

Financing cash flow

Net cash from financing activities, including borrowing, repayments and transactions with owners. A positive amount does not establish operating profitability.

Period	Value	Unit	Days
2022-01-01 to 2022-06-30	-197,099	USD	181

Investing cash flow

Net cash from investing activities, including asset purchases, disposals and investment transactions. This differs from capital expenditure payments alone.

Period	Value	Unit	Days
2022-01-01 to 2022-06-30	-422,973	USD	181

Retained earnings or deficit

Accumulated undistributed earnings or deficit at the reporting date. This balance is not cash available for distribution.

Period	Value	Unit	Days
At 2022-06-30	-6,067,799	USD
At 2021-12-31	-5,616,199	USD

Basic weighted-average shares

Time-weighted shares used for basic earnings per share. This denominator differs from shares outstanding at a single reporting date.

Period	Value	Unit	Days
2022-04-01 to 2022-06-30	70,321,566	shares	91
2022-01-01 to 2022-06-30	70,321,566	shares	181
2021-04-01 to 2021-06-30	70,221,566	shares	91
2021-01-01 to 2021-06-30	70,221,566	shares	181

Basic earnings per share

Reported earnings or loss per basic common share or unit. Inspect attribution, share classes and restatements before comparing periods. This is not a market return.

Period	Value	Unit	Days
2022-04-01 to 2022-06-30	0	USD/shares	91
2022-01-01 to 2022-06-30	-0.01	USD/shares	181
2021-04-01 to 2021-06-30	0	USD/shares	91
2021-01-01 to 2021-06-30	-0.01	USD/shares	181

Income tax expense or benefit

Current and deferred income tax expense or benefit for continuing operations. This accounting expense differs from cash taxes paid.

Period	Value	Unit	Days
2022-04-01 to 2022-06-30	5,171	USD	91
2022-01-01 to 2022-06-30	10,027	USD	181
2021-04-01 to 2021-06-30	4,826	USD	91
2021-01-01 to 2021-06-30	9,186	USD	181

Net property, plant and equipment

Carrying amount of property, plant and equipment after accumulated depreciation, depletion and amortization. It is not replacement cost or market value.

Period	Value	Unit	Days
At 2022-06-30	351,611	USD
At 2021-12-31	7,251	USD

Share-based compensation expense

Reported noncash expense for share-based payment arrangements. Noncash treatment does not mean the awards have no economic cost to shareholders.

Period	Value	Unit	Days
2022-01-01 to 2022-06-30	16,946	USD	181
2021-01-01 to 2021-06-30	186,023	USD	181

Operating income or loss

Operating revenue less operating expenses for the reporting period. It excludes items outside the reported operating result and is not free cash flow.

Period	Value	Unit	Days
2022-04-01 to 2022-06-30	-51,621	USD	91
2022-01-01 to 2022-06-30	-372,088	USD	181
2021-04-01 to 2021-06-30	-426,006	USD	91
2021-01-01 to 2021-06-30	-855,969	USD	181

Current assets

Assets classified as current under the normal operating cycle or one-year boundary. Not all current assets can be converted immediately into cash.

Period	Value	Unit	Days
At 2022-06-30	13,021,353	USD
At 2021-12-31	12,824,577	USD

Interest expense

Borrowing costs recognized as interest expense. This is distinct from cash interest paid and may not include every capitalized borrowing cost.

Period	Value	Unit	Days
2022-04-01 to 2022-06-30	36,527	USD	91
2022-01-01 to 2022-06-30	69,485	USD	181
2021-04-01 to 2021-06-30	16,048	USD	91
2021-01-01 to 2021-06-30	35,048	USD	181

Current liabilities

Obligations classified as current under the operating-cycle or one-year boundary. The balance includes more than short-term borrowing.

Period	Value	Unit	Days
At 2022-06-30	11,325,470	USD
At 2021-12-31	10,142,479	USD

Current accounts payable

Current amounts owed to suppliers for goods and services received. This is one component of current liabilities, not all accrued obligations.

Period	Value	Unit	Days
At 2022-06-30	4,781,712	USD
At 2021-12-31	4,461,641	USD

Goodwill carrying amount

Recognized goodwill remaining after accumulated impairment. It arises from business combinations and does not measure the current value of the company’s brand.

Period	Value	Unit	Days
At 2022-06-30	1,972,886	USD
At 2021-12-31	1,972,886	USD

Net current accounts receivable

Current customer receivables after the allowance for credit loss. The balance is not cash collected or a guarantee of collection.

Period	Value	Unit	Days
At 2022-06-30	2,964,744	USD
At 2021-12-31	3,528,992	USD

Operating expenses

Recurring operating costs under this accounting concept, generally excluding production costs included in cost of sales. Check filing presentation before combining expense subtotals.

Period	Value	Unit	Days
2022-04-01 to 2022-06-30	2,996,269	USD	91
2022-01-01 to 2022-06-30	6,245,883	USD	181
2021-04-01 to 2021-06-30	3,871,413	USD	91
2021-01-01 to 2021-06-30	6,888,270	USD	181

Net inventory

Inventory carrying amount after applicable valuation and LIFO reserves. It does not establish realizable selling proceeds or inventory turnover without other inputs.

Period	Value	Unit	Days
At 2022-06-30	9,357,282	USD
At 2021-12-31	8,736,474	USD

Gross profit

Revenue less the costs directly attributed to the goods or services sold. It precedes other operating expenses and is not net income.

Period	Value	Unit	Days
2022-04-01 to 2022-06-30	2,944,648	USD	91
2022-01-01 to 2022-06-30	5,873,795	USD	181
2021-04-01 to 2021-06-30	3,445,407	USD	91
2021-01-01 to 2021-06-30	6,032,301	USD	181

Cost of revenue

Costs attributed to goods produced and sold and services provided during the period. This is not the sum of every operating expense.

Period	Value	Unit	Days
2022-04-01 to 2022-06-30	1,723,642	USD	91
2022-01-01 to 2022-06-30	3,348,833	USD	181
2021-04-01 to 2021-06-30	2,219,608	USD	91
2021-01-01 to 2021-06-30	4,073,473	USD	181

Selling, general and administrative expense

Selling and general administrative costs reported under this concept. It is an expense category, not a substitute for total operating expenses.

Period	Value	Unit	Days
2022-04-01 to 2022-06-30	1,422,768	USD	91
2022-01-01 to 2022-06-30	3,132,309	USD	181
2021-04-01 to 2021-06-30	2,021,576	USD	91
2021-01-01 to 2021-06-30	3,456,887	USD	181

Common shares outstanding

Common shares outstanding at the reporting date. This point-in-time count differs from the weighted-average shares used for earnings per share and can exclude other share classes.

Period	Value	Unit	Days
At 2022-06-30	72,895,793	shares
At 2021-12-31	72,895,793	shares

Gross property, plant and equipment

Cost of property, plant and equipment before accumulated depreciation. Historical cost does not indicate current value or replacement cost.

Period	Value	Unit	Days
At 2022-06-30	443,222	USD
At 2021-12-31	20,249	USD

Accumulated depreciation on property, plant and equipment

Cumulative depreciation, depletion and amortization recorded against property, plant and equipment. It measures cost allocation to date, not physical wear or market value.

Period	Value	Unit	Days
At 2022-06-30	91,611	USD
At 2021-12-31	12,998	USD

Net intangible assets excluding goodwill

Intangible assets other than goodwill after amortization and impairment. Internally developed intangibles are usually not recognized, so this understates what a company relies on.

Period	Value	Unit	Days
At 2022-06-30	1,256,410	USD
At 2021-12-31	1,317,341	USD

Accrued current liabilities

Current obligations accrued for goods and services received but not yet invoiced or paid. This is one component of current liabilities, not all short-term obligations.

Period	Value	Unit	Days
At 2022-06-30	3,953,587	USD
At 2021-12-31	2,898,068	USD

Prepaid expenses and other current assets

Prepayments and other current assets grouped under this concept. The balance is not cash and its composition differs by filer.

Period	Value	Unit	Days
At 2022-06-30	95,331	USD
At 2021-12-31	5,921	USD

Pre-tax income or loss from continuing operations

Income or loss from continuing operations before income taxes and noncontrolling interests. It excludes discontinued operations and is not net income.

Period	Value	Unit	Days
2022-04-01 to 2022-06-30	-88,148	USD	91
2022-01-01 to 2022-06-30	-441,573	USD	181
2021-04-01 to 2021-06-30	-80,654	USD	91
2021-01-01 to 2021-06-30	-529,617	USD	181

Profit or loss including noncontrolling interests

Net income or loss including the portion attributable to noncontrolling interests. It can differ from the net income attributable to the parent that per-share figures use.

Period	Value	Unit	Days
2022-01-01 to 2022-06-30	-451,600	USD	181
2021-01-01 to 2021-06-30	-538,803	USD	181

Depreciation expense

Depreciation recognized for the period under this concept. It is a noncash allocation of asset cost and may exclude amortization and depletion reported elsewhere.

Period	Value	Unit	Days
2022-04-01 to 2022-06-30	56,209	USD	91
2022-01-01 to 2022-06-30	78,613	USD	181
2021-04-01 to 2021-06-30	2,832	USD	91
2021-01-01 to 2021-06-30	6,992	USD	181

Depreciation, depletion and amortization

Combined depreciation, depletion and amortization for the period. A noncash allocation of asset cost, not a measure of maintenance spending.

Period	Value	Unit	Days
2022-01-01 to 2022-06-30	144,044	USD	181
2021-01-01 to 2021-06-30	32,258	USD	181

Amortization of intangible assets

Amortization recognized on finite-lived intangible assets. It follows acquisition accounting and does not indicate the intangibles are losing usefulness at that rate.

Period	Value	Unit	Days
2022-04-01 to 2022-06-30	32,715	USD	91
2022-01-01 to 2022-06-30	65,431	USD	181
2021-04-01 to 2021-06-30	12,633	USD	91
2021-01-01 to 2021-06-30	25,266	USD	181

Nonoperating income or expense

Total nonoperating income or expense, which can include interest, investment results and other items. A positive value is not operating profit.

Period	Value	Unit	Days
2022-04-01 to 2022-06-30	-36,527	USD	91
2022-01-01 to 2022-06-30	-69,485	USD	181
2021-04-01 to 2021-06-30	345,352	USD	91
2021-01-01 to 2021-06-30	326,352	USD	181

Current income tax expense or benefit

Income tax expense or benefit for the period that is currently payable or refundable. It differs from cash taxes paid and from total tax expense.

Period	Value	Unit	Days
2022-01-01 to 2022-06-30	10,027	USD	181
2021-01-01 to 2021-06-30	9,186	USD	181

Interest paid, net

Cash interest paid during the period, net of amounts capitalized where the filer reports it that way. It differs from interest expense recognized.

Period	Value	Unit	Days
2022-01-01 to 2022-06-30	50,796	USD	181
2021-01-01 to 2021-06-30	21,235	USD	181

Change in accounts receivable

The cash flow adjustment for the change in receivables during the period. A positive value under this concept means receivables grew and reduced operating cash flow.

Period	Value	Unit	Days
2022-01-01 to 2022-06-30	-666,843	USD	181
2021-01-01 to 2021-06-30	-1,222,444	USD	181

Change in inventories

The cash flow adjustment for the change in inventories during the period. A positive value under this concept means inventory grew and reduced operating cash flow.

Period	Value	Unit	Days
2022-01-01 to 2022-06-30	526,213	USD	181
2021-01-01 to 2021-06-30	897,793	USD	181

Change in accounts payable

The cash flow adjustment for the change in payables during the period. A positive value under this concept means payables grew and added to operating cash flow.

Period	Value	Unit	Days
2022-01-01 to 2022-06-30	320,071	USD	181
2021-01-01 to 2021-06-30	1,068,299	USD	181

Inspect the source

Entity: FUSE MEDICAL, INC. / CIK 0000319016
Captured: 2026-09-19T11:14:02.031Z
SEC response SHA-256: 13d41024642d3becfdbc15fe6e31fdae11d4fa7a32679fcba6c1a612c57d756a

Current SEC company facts · Download the original response snapshot (gzip) · Download the selected JSON

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