Cipherloc Corporation (the “Company” or “Cipherloc”) was incorporated in the State of Texas on June 22, 1953 as American Mortgage Company. Effective August 27, 2014, the Company changed its name to Cipherloc Corporation. Our headquarters are located at 825 Main Street, Suite 100, Buda, Texas. Our website iswww.cipherloc.net. The information contained, or referred to, on our website is not part of this Annual Report on Form 10-K unless expressly noted.
Company profile
Ticker
CLOK
Exchange
Website
CEO
Michael W DeLaGarza
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
Former names
NATIONAL SCIENTIFIC CORP/AZ
SEC CIK
Corporate docs
IRS number
860837077
CLOK stock data
Investment data
Securities sold
Number of investors
Calendar
13 May 22
2 Jul 22
30 Sep 22
Financial summary
| Quarter (USD) | Mar 22 | Dec 21 | Sep 21 | Jun 21 | |
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| Diluted EPS |
| Annual (USD) | Sep 21 | Sep 20 | Sep 19 | Sep 18 | |
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| Operating income | |||||
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| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 4.39M | 4.39M | 4.39M | 4.39M | 4.39M | 4.39M |
| Cash burn (monthly) | 227.18K | 103.23K | 266.69K | 238.24K | 227.18K | 343.82K |
| Cash used (since last report) | 696.6K | 316.55K | 817.75K | 730.53K | 696.6K | 1.05M |
| Cash remaining | 3.69M | 4.07M | 3.57M | 3.66M | 3.69M | 3.34M |
| Runway (months of cash) | 16.3 | 39.5 | 13.4 | 15.4 | 16.3 | 9.7 |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 20 Jun 22 | Ryan Polk | RSU | Grant | Acquire A | No | No | 0.18 | 277,778 | 50K | 555,556 |
| 20 Jun 22 | Nicholas William Hnatiw | RSU | Grant | Acquire A | No | No | 0.18 | 277,778 | 50K | 555,556 |
| 20 Jun 22 | Wilkinson Thomas Wiley | RSU | Grant | Acquire A | No | No | 0.18 | 41,667 | 7.5K | 281,868 |
| 20 Jun 22 | Sammy Eugene Davis | RSU | Grant | Acquire A | No | No | 0.18 | 27,778 | 5K | 221,112 |
| 20 Jun 22 | Anthony Ambrose | RSU | Grant | Acquire A | No | No | 0.18 | 41,667 | 7.5K | 266,668 |
Institutional ownership, Q4 2020
4.1% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 1 |
| Opened positions | 1 |
| Closed positions | 0 |
| Increased positions | 0 |
| Reduced positions | 0 |
| 13F shares | Current |
|---|---|
| Total value | 1.5M |
| Total shares | 3.56M |
| Total puts | 0 |
| Total calls | 0 |
| Total put/call ratio | – |
| Largest owners | Shares | Value |
|---|---|---|
| Manchester Management | 3.56M | $1.5M |
Content analysis
?| Positive | ||
| Negative | ||
| Uncertain | ||
| Constraining | ||
| Legalese | ||
| Litigous | ||
| Readability |
H.S. sophomore Avg
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New words:
allegedly, experienced, hire, legacy, licensee, MSSP, NaN, Nolen, Recently, representing, segmentation
Removed:
accuracy, allegation, assert, assessing, authorized, aware, built, calculate, calendar, classification, classified, Codification, commercial, computed, consolidated, context, convenience, covenant, Critical, Deferral, derivative, develop, disgruntled, display, Distinguishing, dividend, economic, enable, endorsement, EPS, exercisable, exercise, existence, faith, feature, Framework, fullest, generated, good, guarantee, implemented, imply, Indefinite, independent, indexed, initial, integral, intended, invoicing, involve, kit, liquidity, logo, Mandatorily, marketed, modify, Noncontrolling, Nonpublic, offer, organized, plaintiff, pronouncement, receipt, Redeemable, reduction, refer, referred, relate, relationship, reliable, rental, Replacement, requirement, residual, responsible, restrictive, resume, retrospectively, returned, round, Scope, sensitive, SM, specifically, sponsorship, statistical, sublease, team, trade, treated, understanding, unobservable, untrue, viable
Financial reports
Current reports
8-K
Cipherloc Agrees to Acquire SideChannel Inc. Expanding Cybersecurity Service and Product Offering
18 May 22
8-K
Cipherloc Launches Enclave Micro-segmentation Platform
14 Feb 22
8-K
Changes in Registrant's Certifying Accountant
3 Jan 22
8-K
Unregistered Sales of Equity Securities
12 Oct 21
8-K
Entry into a Material Definitive Agreement
30 Sep 21
8-K
Entry into a Material Definitive Agreement
17 Sep 21
8-K
Submission of Matters to a Vote of Security Holders
14 Sep 21
8-K
Entry into a Material Definitive Agreement
28 Jul 21
8-K
Entry into a Material Definitive Agreement
21 Apr 21
8-K
Entry into a Material Definitive Agreement
7 Apr 21
Registration and prospectus
S-8
Registration of securities for employees
29 Jun 22
POS AM
Prospectus update (post-effective amendment)
30 Dec 21
POS AM
Prospectus update (post-effective amendment)
9 Nov 21
S-8
Registration of securities for employees
25 Oct 21
424B3
Prospectus supplement
11 May 21
D
$10M in equity / options / securities to be acquired, sold $10M, 108 investors
19 Apr 21
D/A
$17.25M in equity / options / securities to be acquired, sold $17.25M, 216 investors
22 Jul 19
S-1/A
IPO registration (amended)
20 Feb 19
S-1
IPO registration
7 Feb 19
Other
EFFECT
Notice of effectiveness
10 Jan 22
CORRESP
Correspondence with SEC
4 Jan 22
EFFECT
Notice of effectiveness
10 May 21
CORRESP
Correspondence with SEC
3 May 21
UPLOAD
Letter from SEC
2 May 21
EFFECT
Notice of effectiveness
26 Feb 19
CORRESP
Correspondence with SEC
20 Feb 19
UPLOAD
Letter from SEC
12 Feb 19
UPLOAD
Letter from SEC
5 Feb 07
UPLOAD
Letter from SEC
21 Mar 05
Ownership
4
CIPHERLOC / Anthony Ambrose ownership change
22 Jun 22
4
CIPHERLOC / Thomas Wiley Wilkinson ownership change
22 Jun 22
4
CIPHERLOC / Sammy Eugene Davis ownership change
22 Jun 22
4
CIPHERLOC / Nicholas William Hnatiw ownership change
21 Jun 22
3
CIPHERLOC / Nicholas William Hnatiw ownership change
21 Jun 22
4
CIPHERLOC / Ryan Polk ownership change
21 Jun 22
3
CIPHERLOC / Ryan Polk ownership change
16 Jun 22
4
CIPHERLOC / Thomas Wiley Wilkinson ownership change
29 Mar 22
4
CIPHERLOC / Anthony Ambrose ownership change
29 Mar 22
4
CIPHERLOC / Sammy Eugene Davis ownership change
29 Mar 22
Patents
Utility
Dynamic pin configurator
30 Mar 21
A method and apparatus to protect the coded signals sent over physical twisted-pair wiring or between two (2) or more LANs connected by a Wide Area Network (WAN), from unauthorized electronic circuit/wiring monitoring.
Utility
Blind Key Generator and Exchange
18 Feb 21
Operationally, the invention transmits a number to a verifiable recipient which indicates to the receiver what the key will be, without sending the key, or some related key.
Utility
Polymorphic one time pad matrix
17 Feb 20
The present invention provides a simple and efficient cipher and key generation and selection capability from a predetermined, randomly changing, fixed size matrix (N) of ciphers and keys resulting in a very high-order approximation (Nr,c→∞) of a true One Time Pad for encryption solutions such as the CipherLoc Polymorphic Key Progression Algorithmic Cipher Engine.
Utility
Virtual polymorphic hardware engine
18 Nov 19
Virtual field programmable gate array (VFPGA) duplicates and/or emulates a field programmable gate array through the use of base hardware and firmware that uses RAM as ROM or EPROM and provides control and monitoring and manipulation through the use of elementary and basic device functionality commands (machine code primitives) to accommodate the needs of polymorphic cipher engine software so that the software achieves the same results as thou it had access to programmable logic arrays, gate and logic blocks found in field programmable gate array chips.