TECHNICAL COMMUNICATIONS CORP
CIK:0000096699|SEC Filings
Consolidated Statements of Operations (Unaudited) - USD ($) |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
Jun. 24, 2023 |
Jun. 25, 2022 |
Jun. 24, 2023 |
Jun. 25, 2022 |
|
| Net revenue | $ 34,972 | $ 146,089 | $ 184,293 | $ 1,134,682 |
| Cost of revenue | 63,658 | 182,511 | 325,039 | 1,029,763 |
| Gross loss | (28,686) | (36,422) | (140,746) | 104,919 |
| Operating expenses: | ||||
| Selling, general and administrative | 268,760 | 450,723 | 1,074,416 | 1,497,732 |
| Product development | 106,135 | 318,643 | 545,923 | 503,531 |
| Total operating expenses | 374,895 | 769,366 | 1,620,339 | 2,001,263 |
| Operating loss | (403,581) | (805,788) | (1,761,085) | (1,896,344) |
| Other income (expense): | ||||
| Interest income | 3,010 | 0 | 14,226 | 0 |
| Interest expense | 65,421 | 36,563 | 196,760 | 81,651 |
| Total other income (expense) | (62,411) | (36,563) | (182,534) | (81,651) |
| Net loss | $ (465,992) | $ (842,351) | $ (1,943,619) | $ (1,977,995) |
| Net loss per common share: | ||||
| Basic (in dollars per share) | $ (0.25) | $ (0.45) | $ (1.05) | $ (1.07) |
| Diluted (in dollars per share) | $ (0.25) | $ (0.45) | $ (1.05) | $ (1.07) |
| Weighted average shares: | ||||
| Basic (in shares) | 1,854,403 | 1,854,403 | 1,854,403 | 1,854,403 |
| Diluted (in shares) | 1,854,403 | 1,854,403 | 1,854,403 | 1,854,403 |
| Net revenue | $ 34,972 | $ 146,089 | $ 184,293 | $ 1,134,682 |
| Cost of revenue | 63,658 | 182,511 | 325,039 | 1,029,763 |
| Gross loss | $ (28,686) | $ (36,422) | $ (140,746) | $ 104,919 |