Amplitech Group, Inc. (AMPG) 10K Annual Reports & 10Q SEC Filings

Cover - USD ($)	12 Months Ended
Cover - USD ($)	Dec. 31, 2021	Mar. 28, 2022	Jun. 30, 2021
Cover [Abstract]
Entity Registrant Name	AmpliTech Group, Inc.
Entity Central Index Key	0001518461
Document Type	10-K
Amendment Flag	false
Entity Voluntary Filers	No
Current Fiscal Year End Date	--12-31
Entity Well Known Seasoned Issuer	No
Entity Small Business	true
Entity Shell Company	false
Entity Emerging Growth Company	false
Entity Current Reporting Status	Yes
Document Period End Date	Dec. 31, 2021
Entity Filer Category	Non-accelerated Filer
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2021
Entity Common Stock Shares Outstanding		9,582,113
Entity Public Float			$ 30,454,330
Document Annual Report	true
Document Transition Report	false
Entity File Number	001-40069
Entity Incorporation State Country Code	NV
Entity Tax Identification Number	27-4566352
Entity Interactive Data Current	Yes
Icfr Auditor Attestation Flag	false
Entity Address Address Line 1	620 Johnson Avenue
Entity Address City Or Town	Bohemia
Entity Address State Or Province	NY
Entity Address Postal Zip Code	11716
City Area Code	631
Local Phone Number	521-7831
Trading Symbol	AMPG
Security Exchange Name	NASDAQ
Security 12b Title	Common Stock, $0.001 par value per share
Auditor Name	Sadler, Gibb & Associates, LLC
Auditor Location	Draper, UT
Auditor Firm Id	3627

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Inside Amplitech Group, Inc.'s 10-K Annual Report:

Legal - Other Highlight
Circumstances which could trigger a review include, but are not limited to; significant decrease in the market price of the asset; significant adverse changes in the business climate or legal factors; current period cash flow or operating losses combined with a history of losses or a forecast of continuing losses associated with the use of the asset; and current expectation that the asset will more likely than not be sold or disposed of significantly before the end of its estimated useful life.

Financial - Expense Highlight
The Company experienced an increase in parent company expenses, such as officers' salaries, consulting fees, accounting fees, legal fees, stock compensation, IR/PR, D&O insurance, key man life insurance and regulatory fees for up-listing to NASDAQ.
Financial - Expense Highlight
This increase is directly related to approximately $1,199,365 of additional expenses included in cost of goods sold as part of the acquisition of SSM and the increase of direct labor and parts.
Financial - Expense Highlight
Assets to be disposed of would be separately presented in the balance sheet and reported at the lower of the carrying amount of fair value less costs to sell and would no longer be depreciated.
Other - Other Highlight
Amortization of leasehold improvements is computed using the straight-line method over the shorter of the remaining lease term or the estimated useful lives of the improvements.
Other - Other
A continuation or worsening of...Read more
Other - Other
Non- GAAP Financial Measures We...Read more
Other - Other
A contract with a customer...Read more
Other - Other
We intend to continue to...Read more
Other - Other
Under the guidance, other intangible...Read more
Other - Other
The ASU is effective for...Read more
Other - Other
The ASU is effective for...Read more
Financial - Shares
The shares of common stock...Read more
Financial - Earnings
Diluted EPS is determined by...Read more
Financial - Expense
Liquidity and Capital Resources Operating...Read more
M & A - Other
Goodwill and Intangible Assets Intangible...Read more
Financial - Expense
Selling, General and Administrative Expenses...Read more
Financial - Expense
The major components of research...Read more
Financial - Expense
The major components of research...Read more
Other - Other
The registration statement became effective...Read more
Other - Other
The Company has elected this...Read more
Other - Other
Such events may result in...Read more
Financial - Earnings
As a result, the gross...Read more
M & A - Other
In December of 2021, we...Read more
Revenue - Product
Revenue is recognized when a...Read more
Revenue - Product
Custom amplifier and microwave component...Read more
Other - Other
The update is effective for...Read more
Other - Other
This ASU is effective for...Read more
Other - Other
Early adoption is permitted for...Read more
Financial - Expense
28 Table of Contents Cost...Read more
Legal - Other
We cannot predict what future...Read more
Other - Other
Property and equipment are depreciated...Read more
Other - Other
ASU 2016-13 is effective for...Read more
Financial - Shares
The Company's marketable securities are...Read more
Revenue - Product
Variable consideration is included in...Read more
Other - Other
Marketable Securities The Company's investments...Read more
Other - Other
For leases with terms greater...Read more
Other - Other
The Company performs ongoing credit...Read more
Other - Other
Assets and liabilities that are...Read more
Other - Other
The Company accounts for Other...Read more
Other - Other
Accounts at each institution are...Read more
Other - Other
Financing Activities The net cash...Read more
Other - Other
AGMDC designs, develops and manufactures...Read more
Other - Other
Payment by the customer is...Read more
Financial - Earnings
34 Table of Contents Earnings...Read more
Other - Other
35 Table of Contents Concentration...Read more
Financial - Expense
MMICs carry a smaller footprint...Read more
Financial - Expense
MMIC's carry a smaller footprint...Read more
Financial - Expense
MMIC's carry a smaller footprint...Read more

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Material Contracts, Statements, Certifications & more

Amplitech Group, Inc. provided additional information to their SEC Filing as exhibits

Exhibit 23.1: Consent

Exhibit 31.1: Certification

Exhibit 31.2: Certification

Exhibit 32.1: Certification

Exhibit 32.2: Certification

Ticker: AMPG
CIK: 1518461
Form Type: 10-K Annual Report
Accession Number: 0001477932-22-001862
Submitted to the SEC: Thu Mar 31 2022 4:42:33 PM EST
Accepted by the SEC: Thu Mar 31 2022
Period: Friday, December 31, 2021
Industry: Communications Equipment