SOCKET MOBILE, INC.: 10-Q filed 2022-05-16

Name: SOCKET MOBILE, INC.: 10-Q filed 2022-05-16
Creator: SOCKET MOBILE, INC.

What SOCKET MOBILE, INC. reported in its quarterly report filed 2022-05-16 (fiscal Q1 2022): 45 published measures, 80 facts as tagged in accession 0000944075-22-000037.

This filing

Form: 10-Q (quarterly report)
Filed: 2022-05-16
Fiscal period: fiscal Q1 2022
Accession: 0000944075-22-000037 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 SOCKET MOBILE, 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 2022-03-31	25,893,255	USD

Total liabilities

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

Period	Value	Unit	Days
At 2022-03-31	5,357,096	USD

Stockholders equity

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

Period	Value	Unit
At 2022-03-31	20,536,159	USD
At 2021-12-31	20,046,463	USD
At 2021-03-31	14,502,733	USD
At 2020-12-31	10,622,261	USD

Cash and cash equivalents

Cash and qualifying short-term liquid investments under the filer’s accounting policy. Restricted cash and longer-term investments may be reported separately.

Period	Value	Unit
At 2022-03-31	5,423,086	USD
At 2021-12-31	6,095,886	USD
At 2021-03-31	4,961,278	USD
At 2020-12-31	2,121,763	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
2022-01-01 to 2022-03-31	341,933	USD	90
2021-01-01 to 2021-03-31	202,902	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 2022-03-31	-452,413	USD	90
2021-01-01 to 2021-03-31	291,236	USD	90

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 2022-03-31	134,919	USD	90
2021-01-01 to 2021-03-31	163,379	USD	90

Revenue

Revenue under this specific accounting concept. A missing value is not zero; filers can use other revenue concepts.

Period	Value	Unit	Days
2022-01-01 to 2022-03-31	6,293,002	USD	90
2021-01-01 to 2021-03-31	4,812,979	USD	90

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 2022-03-31	-85,468	USD	90
2021-01-01 to 2021-03-31	2,711,658	USD	90

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 2022-03-31	-134,919	USD	90
2021-01-01 to 2021-03-31	-163,379	USD	90

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 2022-03-31	-45,758,418	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
2022-01-01 to 2022-03-31	7,234,163	shares	90
2021-01-01 to 2021-03-31	6,484,391	shares	90

Diluted weighted-average shares

Weighted-average shares used for diluted earnings per share. Potential shares are included under the applicable dilution rules, not simply added to outstanding shares.

Period	Value	Unit	Days
2022-01-01 to 2022-03-31	7,724,357	shares	90
2021-01-01 to 2021-03-31	7,305,988	shares	90

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
2022-01-01 to 2022-03-31	0.04	USD/shares	90
2021-01-01 to 2021-03-31	0.03	USD/shares	90

Diluted earnings per share

Reported earnings or loss per share under dilution rules. Antidilutive instruments may be excluded. A diluted value can equal the basic value without implying no potential dilution.

Period	Value	Unit	Days
2022-01-01 to 2022-03-31	0.04	USD/shares	90
2021-01-01 to 2021-03-31	0.03	USD/shares	90

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
2022-01-01 to 2022-03-31	76,165	USD	90
2021-01-01 to 2021-03-31	489	USD	90

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 2022-03-31	1,044,710	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 2022-03-31	223,446	USD	90
2021-01-01 to 2021-03-31	148,772	USD	90

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
2022-01-01 to 2022-03-31	463,704	USD	90
2021-01-01 to 2021-03-31	242,010	USD	90

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 2022-03-31	14,724,100	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
2022-01-01 to 2022-03-31	45,606	USD	90
2021-01-01 to 2021-03-31	48,701	USD	90

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 2022-03-31	5,336,440	USD

Net finite-lived intangible assets

Finite-lived intangible assets after amortization. This excludes goodwill and should not be combined with indefinite-lived intangible assets without checking scope.

Period	Value	Unit	Days
At 2022-03-31	1,782,137	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
2022-01-01 to 2022-03-31	2,663,958	USD	90
2021-01-01 to 2021-03-31	2,332,033	USD	90

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 2022-03-31	5,213,573	USD
At 2021-12-31	5,154,524	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
2022-01-01 to 2022-03-31	3,127,662	USD	90
2021-01-01 to 2021-03-31	2,574,043	USD	90

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
2022-01-01 to 2022-03-31	3,165,340	USD	90
2021-01-01 to 2021-03-31	2,238,936	USD	90

Research and development expense

Research and development costs recognized as expense. Capitalization policies and acquired projects can make this differ from total cash invested in development.

Period	Value	Unit	Days
2022-01-01 to 2022-03-31	1,053,606	USD	90
2021-01-01 to 2021-03-31	931,034	USD	90

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 2022-03-31	7,273,051	shares
At 2021-12-31	7,183,874	shares

Additional paid-in capital

Capital contributed above par value under this concept. It records historical contributions, not the current value of the equity or cash on hand.

Period	Value	Unit	Days
At 2022-03-31	66,287,304	USD

Operating lease right-of-use asset

Carrying amount of the right to use leased assets under operating leases. It reflects discounted remaining payments, not the value of the underlying property.

Period	Value	Unit	Days
At 2022-03-31	106,417	USD
At 2021-12-31	210,839	USD

Operating lease liability

Present value of remaining operating lease payments. Discount-rate choices and lease terms affect the amount; it is not the sum of undiscounted future rent.

Period	Value	Unit	Days
At 2022-03-31	130,047	USD
At 2021-12-31	258,097	USD

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 2022-03-31	4,436,775	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 2022-03-31	3,392,065	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 2022-03-31	1,782,137	USD

Other noncurrent assets

Noncurrent assets the filer does not present separately. The composition differs by filer and is described only in the filing.

Period	Value	Unit	Days
At 2022-03-31	351,637	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 2022-03-31	488,606	USD

Net income available to common stockholders

Net income after preferred dividends and similar adjustments, the numerator for basic earnings per share. It can be lower than reported net income.

Period	Value	Unit	Days
2022-01-01 to 2022-03-31	310,181	USD	90
2021-01-01 to 2021-03-31	185,537	USD	90

General and administrative expense

General and administrative costs reported under this concept, separate from selling expense. Filers group overhead differently, so compare presentation before comparing companies.

Period	Value	Unit	Days
2022-01-01 to 2022-03-31	710,472	USD	90
2021-01-01 to 2021-03-31	740,537	USD	90

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
2021-01-01 to 2021-03-31	489	USD	90

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 2022-03-31	49,460	USD	90
2021-01-01 to 2021-03-31	39,327	USD	90

Operating lease payments

Cash paid for operating lease liabilities during the period. It differs from lease expense recognized and excludes variable payments in some presentations.

Period	Value	Unit	Days
2022-01-01 to 2022-03-31	132,010	USD	90
2021-01-01 to 2021-03-31	126,516	USD	90

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 2022-03-31	-870,177	USD	90
2021-01-01 to 2021-03-31	-294,799	USD	90

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 2022-03-31	-59,049	USD	90
2021-01-01 to 2021-03-31	-529,074	USD	90

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 2022-03-31	36,134	USD	90
2021-01-01 to 2021-03-31	436,940	USD	90

Inspect the source

Entity: SOCKET MOBILE, INC. / CIK 0000944075
Captured: 2026-09-20T05:10:16.507Z
SEC response SHA-256: 312d9ed8e7c5d6c0be833dd9b3a779dfc840153f471a5979fbf4500cda1c5857

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import json
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with urlopen("https://canlicapital.com/company-data/0000944075.json") as response:
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print(record["fetched_at"])
print(record["policy"])
for concept in record["concepts"]:
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