Amplitech Group, Inc. (AMPG) 10-Q Quarterly Report Mon May 16 2022

Cover - shares	3 Months Ended
Cover - shares	Mar. 31, 2022	May 09, 2022
Cover [Abstract]
Entity Registrant Name	AmpliTech Group, Inc.
Entity Central Index Key	0001518461
Document Type	10-Q
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Small Business	true
Entity Shell Company	false
Entity Emerging Growth Company	false
Entity Current Reporting Status	Yes
Document Period End Date	Mar. 31, 2022
Entity Filer Category	Non-accelerated Filer
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2022
Entity Common Stock Shares Outstanding		9,582,113
Document Quarterly 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
Entity Address State Or Province	NY
City Area Code	631
Local Phone Number	521-7831
Security 12b Title	Common Stock, par value $0.001 per share
Trading Symbol	AMPG
Security Exchange Name	NASDAQ
Entity Address Address Line 1	155 Plant Avenue
Entity Address City Or Town	Hauppauge
Entity Address Postal Zip Code	11788

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Inside Amplitech Group, Inc.'s 10-Q Quarterly Report:

Financial - Expense Highlight
In addition, expenses such as salaries, employee benefits, accounting fees, IR/PR, advertising, and trade show expenses have increased as well.

Other - Other Highlight
Upon lease execution, the Company paid two months of base rent as a security deposit and one month's rent totaling $86,560.
M & A - Other Highlight
As a result of the acquisition and the increase in LNA and RF subsystems sales, gross profit as a percentage of sales increased to 45.57% from 11.62%.
Financial - Expense Highlight
This increase is directly related to approximately $2,131,584 of additional expense included in cost of goods sold as part of the SSM acquisition and the increase in sales.
Financial - Debt Highlight
We intend to continue to finance our internal growth with cash on hand, cash provided from operations, borrowings, debt or equity offerings, or some combination thereof.
Revenue - Product
We believe this will enable...Read more
Financial - Expense
Selling, General and Administrative Expenses...Read more
Financial - Expense
The major components of research...Read more
Financial - Earnings
As a result, the gross...Read more
M & A - Other
With the acquisition of Spectrum,...Read more
Financial - Expense
35 Cost of Goods Sold...Read more
Revenue - Product
Sales increased primarily due to...Read more
Legal - Other
We cannot predict what future...Read more
Revenue - Product
Results of Operations For the...Read more
Revenue - Product
Following the easing of COVID...Read more
Other - Other
The Company believes there have...Read more
Other - Other
AGMDC designs, develops and manufactures...Read more
Financial - Expense
MMICs carry a smaller footprint...Read more

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Material Contracts, Statements, Certifications & more

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

Exhibit 31.1: Certification

Exhibit 31.2: Certification

Exhibit 32.1: Certification

Exhibit 32.2: Certification

Ticker: AMPG
CIK: 1518461
Form Type: 10-Q Quarterly Report
Accession Number: 0001477932-22-003367
Submitted to the SEC: Mon May 16 2022 9:00:35 AM EST
Accepted by the SEC: Mon May 16 2022
Period: Thursday, March 31, 2022
Industry: Communications Equipment