SHARPS TECHNOLOGY INC. Management's Discussion and Analysis of Financial Condition and Results of Operations (form 10-K) – Marketscreener.com

? Manufacturing and testing costs and related supplies and materials;
? Consulting fees paid for our Chief Technology Officer;
? Operating costs paid to Safegard, through the acquisition date for use of
Safegard’s workforce, utilities and other services, relating to the facility
being utilized; and
? Third-party costs, including engineering, incurred for development and design.
The NPC Agreement is intended to support several areas of the Company’s development and growth. The Company and NPC intend to supplement the NPC Agreement by entering into a manufacturing supply agreement, a sales and distribution agreement and a pharma services program to support growth, and a future agreement to support manufacturing expansion.
Critical Accounting Policies and Significant Judgments and Estimates
The Company’s fiscal year ends on December 31.
Summary of Significant Accounting Policies
The Company values inventory at the lower of cost (average cost) or net realizable value. Work-in-process and finished goods inventories consist of material, labor, and manufacturing overhead. Net realizable value is the estimated selling price in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation. A reserve is established for any excess or obsolete inventories or they may be written off. At December 31, 2022 and 2021, inventory is comprised of raw materials, components and finished goods.
Impairment of Long-Lived Assets
Goodwill and Purchased Identified Intangible Assets
Stock-based Compensation Expense
Basic and Diluted Loss Per Share
Contingencies are evaluated and a liability is recorded when the matter is both probable and reasonably estimable. Gain contingencies are evaluated and not recognized until the gain is realizable or realized.
Off-Balance Sheet Arrangements
During the periods presented, we did not have any off-balance sheet arrangements as defined under Regulation S-K Item 303(a)(4).
Comparison of the Years Ended December 31, 2022 and, 2021.
The Company has not generated any revenue to date.
General and Administrative
FMV Adjustment for Derivatives
Liquidity and Capital ResourcesNet Cash Used in Operating ActivitiesNet Cash Used in Investing Activities
Net Cash Provided by Financing Activities
Off-Balance Sheet Arrangements
We do not have any off-balance sheet arrangements as defined in Regulation S-K Item 303(a)(4).
Emerging Growth Company Status
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