2019 Form 10-K Financial Statement

#000159158819000024 Filed on September 16, 2019

View on sec.gov

Income Statement

Concept 2019 2018 Q2 2018
Revenue $4.783B $1.767B $7.606B
YoY Change -37.12% 33.16% 8.82%
Cost Of Revenue $4.751B $1.761B $7.577B
YoY Change -37.29% 33.34% 8.89%
Gross Profit $31.96M $5.800M $29.44M
YoY Change 8.54% -4.92% -6.03%
Gross Profit Margin 0.67% 0.33% 0.39%
Selling, General & Admin $32.50M $7.700M $33.40M
YoY Change -2.68% 37.5% 43.08%
% of Gross Profit 101.7% 132.76% 113.43%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $2.807M $640.0K $2.626M
YoY Change 6.89% 60.0% 72.65%
% of Gross Profit 8.78% 11.03% 8.92%
Operating Expenses $32.50M $7.500M $33.40M
YoY Change -2.68% 36.36% 43.08%
Operating Profit -$544.0K -$1.700M -$3.955M
YoY Change -86.25% -383.33% -149.49%
Interest Expense $17.15M $1.500M $13.89M
YoY Change 23.43% 87.5% 37.3%
% of Operating Profit
Other Income/Expense, Net $1.697M $954.0K
YoY Change 77.88% 220.13%
Pretax Income $3.277M -$2.900M -$3.411M
YoY Change -196.07% -323.08% -131.63%
Income Tax $1.015M -$800.0K $8.000K
% Of Pretax Income 30.97%
Net Earnings $2.225M -$3.000M -$3.400M
YoY Change -165.44% -350.0% -147.89%
Net Earnings / Revenue 0.05% -0.17% -0.04%
Basic Earnings Per Share $0.32 -$0.48
Diluted Earnings Per Share $0.31 -$428.6K -$0.48
COMMON SHARES
Basic Shares Outstanding 7.031M 7.031M shares 7.031M shares
Diluted Shares Outstanding 7.085M 7.031M shares

Balance Sheet

Concept 2019 2018 Q2 2018
SHORT-TERM ASSETS
Cash & Short-Term Investments $8.300M $6.300M $6.300M
YoY Change 31.75% -51.91% -51.91%
Cash & Equivalents $6.291M
Short-Term Investments
Other Short-Term Assets $214.0M $272.8M $272.8M
YoY Change -21.55% 1351.06% 1351.06%
Inventory $292.9M $166.2M $280.1M
Prepaid Expenses
Receivables $22.80M $33.50M $33.50M
Other Receivables $130.9M $114.3M $114.3M
Total Short-Term Assets $668.9M $707.0M $707.0M
YoY Change -5.39% 58.15% 58.17%
LONG-TERM ASSETS
Property, Plant & Equipment $6.700M $8.018M $8.000M
YoY Change -16.25% 21.36% 21.21%
Goodwill $8.881M
YoY Change 0.0%
Intangibles $6.861M
YoY Change 68.78%
Long-Term Investments $11.90M $8.388M $8.400M
YoY Change 41.67% 12.33% 5.0%
Other Assets $3.200M $3.900M $3.900M
YoY Change -17.95% -2.5% -2.5%
Total Long-Term Assets $36.50M $36.02M $36.00M
YoY Change 1.39% 14.42% 14.29%
TOTAL ASSETS
Total Short-Term Assets $668.9M $707.0M $707.0M
Total Long-Term Assets $36.50M $36.02M $36.00M
Total Assets $705.4M $743.0M $743.0M
YoY Change -5.06% 55.28% 55.28%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.900M $46.00M $1.300M
YoY Change 123.08% 9.66% -27.78%
Accrued Expenses $6.100M $5.129M $5.100M
YoY Change 19.61% 3.72% 4.08%
Deferred Revenue
YoY Change
Short-Term Debt $462.6M $594.3M $594.3M
YoY Change -22.16% 84.85% 84.85%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $540.9M $665.9M $665.9M
YoY Change -18.77% 64.67% 64.66%
LONG-TERM LIABILITIES
Long-Term Debt $91.90M $0.00 $7.200M
YoY Change 1176.39%
Other Long-Term Liabilities $0.00 $798.0K $800.0K
YoY Change -100.0% -28.56% -27.27%
Total Long-Term Liabilities $91.90M $798.0K $8.000M
YoY Change 1048.75% -28.56% 627.27%
TOTAL LIABILITIES
Total Short-Term Liabilities $540.9M $665.9M $665.9M
Total Long-Term Liabilities $91.90M $798.0K $8.000M
Total Liabilities $635.7M $673.9M $677.3M
YoY Change -6.14% 66.2% 65.64%
SHAREHOLDERS EQUITY
Retained Earnings $40.91M
YoY Change -11.05%
Common Stock $71.00K
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $69.70M $65.70M $65.70M
YoY Change
Total Liabilities & Shareholders Equity $705.4M $743.0M $743.0M
YoY Change -5.06% 55.28% 55.28%

Cashflow Statement

Concept 2019 2018 Q2 2018
OPERATING ACTIVITIES
Net Income $2.225M -$3.000M -$3.400M
YoY Change -165.44% -350.0% -147.89%
Depreciation, Depletion And Amortization $2.807M $640.0K $2.626M
YoY Change 6.89% 60.0% 72.65%
Cash From Operating Activities -$14.53M -$6.680M $7.646M
YoY Change -290.07% -107.03% -178.17%
INVESTING ACTIVITIES
Capital Expenditures $490.0K -$500.0K $1.317M
YoY Change -62.79% 47.06% -41.85%
Acquisitions $0.00 $9.515M
YoY Change -100.0% 178.14%
Other Investing Activities -$14.32M $2.200M -$16.52M
YoY Change -13.32% -106.58% -51.72%
Cash From Investing Activities -$14.81M $1.710M -$17.83M
YoY Change -16.98% -105.06% -51.13%
FINANCING ACTIVITIES
Cash Dividend Paid $0.00 $1.687M
YoY Change -100.0% -20.05%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 31.37M 6.320M $3.418M
YoY Change 817.7% -111.56% -91.9%
NET CHANGE
Cash From Operating Activities -14.53M -6.680M $7.646M
Cash From Investing Activities -14.81M 1.710M -$17.83M
Cash From Financing Activities 31.37M 6.320M $3.418M
Net Change In Cash 2.029M 1.350M -$6.768M
YoY Change -129.98% -79.61% 65.76%
FREE CASH FLOW
Cash From Operating Activities -$14.53M -$6.680M $7.646M
Capital Expenditures $490.0K -$500.0K $1.317M
Free Cash Flow -$15.02M -$6.180M $6.329M
YoY Change -337.37% -106.48% -152.54%

Facts In Submission

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2029000 USD
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534000 USD
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0 USD
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5000 USD
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180000 USD
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P1Y9M25D
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1000000 USD
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529000 USD
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588000 USD
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8754000 USD
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333000 USD
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1011000 USD
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47000 USD
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128000 USD
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571000 USD
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599000 USD
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30000 USD
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2700000 USD
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2654000 USD
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10245000 USD
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1364000 USD
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1364000 USD
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29443000 USD
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31958000 USD
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2654000 USD
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2225000 USD
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37000 USD
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3277000 USD
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2262000 USD
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421000 USD
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1198000 USD
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50000 USD
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56000 USD
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8000 USD
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1015000 USD
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1553000 USD
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1600000 USD
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1500000 USD
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1473000 USD
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16183000 USD
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-1418000 USD
CY2019 us-gaap Increase Decrease In Accrued Income Taxes Payable
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0 USD
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1137000 USD
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-56000 USD
CY2019 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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0 USD
CY2018 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
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1244000 USD
CY2019 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
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CY2019 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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688000 USD
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-75000 USD
CY2019 us-gaap Income Tax Reconciliation Other Adjustments
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CY2018 us-gaap Income Tax Reconciliation State And Local Income Taxes
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CY2019 us-gaap Income Tax Reconciliation State And Local Income Taxes
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291000 USD
CY2018 us-gaap Income Tax Reconciliation Tax Contingencies
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CY2019 us-gaap Income Tax Reconciliation Tax Contingencies
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69000 USD
CY2018 us-gaap Income Taxes Paid
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3038000 USD
CY2019 us-gaap Income Taxes Paid
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177000 USD
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-4044000 USD
CY2019 us-gaap Increase Decrease In Accounts And Other Receivables
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-8992000 USD
CY2018 us-gaap Increase Decrease In Accounts Payable
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2221000 USD
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-89000 USD
CY2019 us-gaap Increase Decrease In Deferred Income Taxes
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-707000 USD
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-11017000 USD
CY2019 us-gaap Increase Decrease In Derivative Assets
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CY2019 us-gaap Increase Decrease In Derivative Liabilities
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CY2018 us-gaap Increase Decrease In Due From Related Parties Current
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12523000 USD
CY2019 us-gaap Increase Decrease In Due From Related Parties Current
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1535000 USD
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CY2019 us-gaap Increase Decrease In Finance Receivables
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1304000 USD
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1553000 USD
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CY2019 us-gaap Increase Decrease In Inventories
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12745000 USD
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CY2019 us-gaap Increase Decrease In Other Operating Liabilities
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CY2018 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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1779000 USD
CY2019 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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668000 USD
CY2018 us-gaap Increase Decrease In Securities Borrowed
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CY2019 us-gaap Increase Decrease In Securities Borrowed
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79202000 USD
CY2018 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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0 shares
CY2019 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
54000 shares
CY2018Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
6861000 USD
CY2019Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
5852000 USD
CY2018Q2 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
15742000 USD
CY2019 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-14805000 USD
CY2019Q2 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
14733000 USD
CY2018 us-gaap Interest Expense
InterestExpense
13891000 USD
CY2019 us-gaap Interest Expense
InterestExpense
17146000 USD
CY2018 us-gaap Interest Income Other
InterestIncomeOther
16105000 USD
CY2019 us-gaap Interest Income Other
InterestIncomeOther
19270000 USD
CY2018 us-gaap Interest Income Related Party
InterestIncomeRelatedParty
0 USD
CY2019 us-gaap Interest Income Related Party
InterestIncomeRelatedParty
105000 USD
CY2018 us-gaap Interest Paid Net
InterestPaidNet
12251000 USD
CY2019 us-gaap Interest Paid Net
InterestPaidNet
15509000 USD
CY2018Q2 us-gaap Inventory Finished Goods
InventoryFinishedGoods
280116000 USD
CY2019Q2 us-gaap Inventory Finished Goods
InventoryFinishedGoods
292861000 USD
CY2018Q2 us-gaap Inventory Net
InventoryNet
166176000 USD
CY2019Q2 us-gaap Inventory Net
InventoryNet
198356000 USD
CY2018 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
1300000 USD
CY2019 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
1600000 USD
CY2018Q2 us-gaap Liabilities
Liabilities
673893000 USD
CY2019Q2 us-gaap Liabilities
Liabilities
632796000 USD
CY2018Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
743001000 USD
CY2019Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
705362000 USD
CY2018Q2 us-gaap Liabilities Current
LiabilitiesCurrent
665869000 USD
CY2019Q2 us-gaap Liabilities Current
LiabilitiesCurrent
540937000 USD
CY2018Q2 us-gaap Lines Of Credit Current
LinesOfCreditCurrent
200000000 USD
CY2019Q2 us-gaap Lines Of Credit Current
LinesOfCreditCurrent
167000000 USD
CY2018Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
0 USD
CY2019Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
91859000 USD
CY2016Q3 us-gaap Long Term Purchase Commitment Minimum Quantity Required
LongTermPurchaseCommitmentMinimumQuantityRequired
300000 ounce
CY2016Q3 us-gaap Longterm Purchase Commitment Period
LongtermPurchaseCommitmentPeriod
P3Y
CY2018Q2 us-gaap Minority Interest
MinorityInterest
3410000 USD
CY2019Q2 us-gaap Minority Interest
MinorityInterest
2908000 USD
CY2018 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
3418000 USD
CY2019 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
31367000 USD
CY2018 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-17832000 USD
CY2018 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
7646000 USD
CY2019 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-14533000 USD
CY2018Q2 us-gaap Noncurrent Assets
NoncurrentAssets
36018000 USD
CY2019Q2 us-gaap Noncurrent Assets
NoncurrentAssets
36512000 USD
CY2018Q2 us-gaap Notes And Loans Receivable Net Current
NotesAndLoansReceivableNetCurrent
110424000 USD
CY2019Q2 us-gaap Notes And Loans Receivable Net Current
NotesAndLoansReceivableNetCurrent
125298000 USD
CY2018Q2 us-gaap Notes Receivable Net
NotesReceivableNet
110424000 USD
CY2019Q2 us-gaap Notes Receivable Net
NotesReceivableNet
125298000 USD
CY2019 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3 reportable_segments
CY2019Q2 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
7205000 USD
CY2019Q2 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
1488000 USD
CY2019Q2 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
1313000 USD
CY2019Q2 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
1526000 USD
CY2019Q2 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
860000 USD
CY2019Q2 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
834000 USD
CY2019Q2 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
1184000 USD
CY2018Q2 us-gaap Other Inventory Materials Supplies And Merchandise Under Consignment
OtherInventoryMaterialsSuppliesAndMerchandiseUnderConsignment
10800000 USD
CY2019Q2 us-gaap Other Inventory Materials Supplies And Merchandise Under Consignment
OtherInventoryMaterialsSuppliesAndMerchandiseUnderConsignment
4900000 USD
CY2018Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
798000 USD
CY2019Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
0 USD
CY2018 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
954000 USD
CY2019 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
1697000 USD
CY2018 us-gaap Payments For Proceeds From Loans Receivable
PaymentsForProceedsFromLoansReceivable
7000000 USD
CY2019 us-gaap Payments For Proceeds From Loans Receivable
PaymentsForProceedsFromLoansReceivable
12015000 USD
CY2018 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
492000 USD
CY2019 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
3798000 USD
CY2018 us-gaap Payments Of Dividends
PaymentsOfDividends
1687000 USD
CY2019 us-gaap Payments Of Dividends
PaymentsOfDividends
0 USD
CY2018 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
9515000 USD
CY2019 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 USD
CY2018 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
0 USD
CY2019 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
2300000 USD
CY2018 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1317000 USD
CY2019 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
490000 USD
CY2018Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2019Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2018Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2019Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2018Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2019Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2018Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2019Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2018Q2 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2019Q2 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2018Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
2782000 USD
CY2019Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
2783000 USD
CY2018 us-gaap Proceeds From Income Tax Refunds
ProceedsFromIncomeTaxRefunds
0 USD
CY2019 us-gaap Proceeds From Income Tax Refunds
ProceedsFromIncomeTaxRefunds
47000 USD
CY2018 us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
0 USD
CY2019 us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
95000000 USD
CY2018 us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
0 USD
CY2019 us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
100000 USD
CY2018 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
7500000 USD
CY2019 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
0 USD
CY2018 us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
20000000 USD
CY2019 us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
-33000000 USD
CY2018Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
12096000 USD
CY2019Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
12984000 USD
CY2018Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
8018000 USD
CY2019Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
6731000 USD
CY2018 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
0 USD
CY2019Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
956998 shares
CY2018Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
17.59
CY2019Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
17.08
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.000
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.018
CY2018Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
821000 USD
CY2019 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-30000 USD
CY2018 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
0 USD
CY2019 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
0 USD
CY2018Q2 us-gaap Restricted Cash
RestrictedCash
400000 USD
CY2019Q2 us-gaap Restricted Cash
RestrictedCash
300000 USD
CY2018Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
40910000 USD
CY2019Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
43135000 USD
CY2018 us-gaap Revenues
Revenues
7606248000 USD
CY2019 us-gaap Revenues
Revenues
4783157000 USD
CY2018 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
33398000 USD
CY2019 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
32502000 USD
CY2018 us-gaap Share Based Compensation
ShareBasedCompensation
1191000 USD
CY2019 us-gaap Share Based Compensation
ShareBasedCompensation
1096000 USD
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.025
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.028
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageVolatilityRate
0.360
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageVolatilityRate
0.358
CY2019Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
718281 shares
CY2019Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
17.26
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
567 shares
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
15.93
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
115050 shares
CY2019Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
787000 USD
CY2018Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
842515 shares
CY2019Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageExercisePrice
17.26
CY2019 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
13.38
CY2018 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y8M27D
CY2019 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y18D
CY2019Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
773000 USD
CY2019 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P5Y10M2D
CY2019 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P6Y5M23D
CY2018Q2 us-gaap Stock Repurchase Program Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased
500000 shares
CY2018Q2 us-gaap Stockholders Equity
StockholdersEquity
65698000 USD
CY2019Q2 us-gaap Stockholders Equity
StockholdersEquity
69658000 USD
CY2017Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
73023000 USD
CY2018Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
69108000 USD
CY2019Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
72566000 USD
CY2019 us-gaap Tax Cuts And Jobs Act Of2017 Incomplete Accounting Provisional Income Tax Expense Benefit
TaxCutsAndJobsActOf2017IncompleteAccountingProvisionalIncomeTaxExpenseBenefit
-1000000 USD
CY2019Q2 us-gaap Treasury Stock Common Shares
TreasuryStockCommonShares
0 shares
CY2018Q2 us-gaap Unamortized Loan Commitment And Origination Fees And Unamortized Discounts Or Premiums
UnamortizedLoanCommitmentAndOriginationFeesAndUnamortizedDiscountsOrPremiums
54000 USD
CY2019Q2 us-gaap Unamortized Loan Commitment And Origination Fees And Unamortized Discounts Or Premiums
UnamortizedLoanCommitmentAndOriginationFeesAndUnamortizedDiscountsOrPremiums
29000 USD
CY2017Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
197000 USD
CY2018Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
147000 USD
CY2019Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
216000 USD
CY2018 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
48000 USD
CY2019 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
81000 USD
CY2018 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
2000 USD
CY2019 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
12000 USD
CY2019Q2 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
322000 USD
CY2018 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
7031400 shares
CY2018 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
7031000 shares
CY2019 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
7085000 shares
CY2019 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
7085300 shares
CY2018 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
7031400 shares
CY2018 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
7031000 shares
CY2019 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
7031000 shares
CY2019 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
7031400 shares
CY2019 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:8px;text-align:left;padding-left:24px;text-indent:-24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;"> Concentration of Credit Risk</font></div><div style="line-height:120%;padding-bottom:8px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Cash is maintained at financial institutions and, at times, balances may exceed federally insured limits. The Company has not experienced any losses related to these balances. </font></div><div style="line-height:120%;padding-bottom:8px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Assets that potentially subject the Company to concentrations of credit risk consist principally of receivables, loans of inventory to customers, and inventory hedging transactions. Concentration of credit risk with respect to receivables is limited due to the large number of customers composing the Company's customer base, the geographic dispersion of the customers, and the collateralization of substantially all receivable balances. Based on an assessment of credit risk, the Company typically grants collateralized credit to its customers. The Company enters into inventory hedging transactions, principally utilizing metals commodity futures contracts traded on national futures exchanges or forward contracts with credit worthy financial institutions. Credit risk with respect to loans of inventory to customers is minimal. All of our commodity derivative contracts are under master netting arrangements and include both asset and liability positions. Substantially all of these transactions are secured by the underlying metals positions.</font></div></div>
CY2019 us-gaap Revenue Recognition Dividends
RevenueRecognitionDividends
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:8px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Dividends</font></div><div style="line-height:120%;padding-bottom:8px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Dividends are recorded if and when they are declared by the Board of Directors.</font></div></div>
CY2019 us-gaap Revenue Recognition Interest
RevenueRecognitionInterest
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:6px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Interest Income</font></div><div style="line-height:120%;padding-top:6px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In accordance with the </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Interest</font><font style="font-family:inherit;font-size:10pt;"> Topic 835 of the ASC ("ASC 835") following are interest income generating activities of the Company:</font></div><table cellpadding="0" cellspacing="0" style="padding-top:6px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Secured Loans &#8212; </font><font style="font-family:inherit;font-size:10pt;">The Company uses the effective interest method to recognize interest income on its secured loans transactions.&#160; The Company maintains a security interest in the precious metals and records interest income over the terms of the secured loan receivable. Recognition of interest income is suspended and the loan is placed on non-accrual status when management determines that collection of future interest income is not probable. The interest income accrual is resumed, and previously suspended interest income is recognized, when the loan becomes contractually current and/or collection doubts are resolved. Cash receipts on impaired loans are recorded first against the principal and then to any unrecognized interest income. (See </font><font style="font-family:inherit;font-size:10pt;color:#0000ff;text-decoration:underline;">Note 5</font><font style="font-family:inherit;font-size:10pt;">.)</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:6px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">&#8226;</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Margin accounts</font><font style="font-family:inherit;font-size:10pt;font-style:italic;"> </font><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">&#8212; </font><font style="font-family:inherit;font-size:10pt;">The Company earns a fee (interest income) under financing arrangements related to margin trade orders over the period during which customers have opted to defer making full payment on the purchase of metals. </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:6px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">&#8226;</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Repurchase agreements</font><font style="font-family:inherit;font-size:10pt;font-style:italic;"> </font><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">&#8212; </font><font style="font-family:inherit;font-size:10pt;">Repurchase agreements represent a form of secured financing whereby the Company sets aside specific metals for a customer and charges a fee on the outstanding value of these metals. The customer is granted the option (but not the obligation) to repurchase these metals at any time during the open reacquisition period. This fee is earned over the duration of the open reacquisition period and is classified as interest income. </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:6px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Spot deferred trade orders</font><font style="font-family:inherit;font-size:10pt;font-style:italic;"> </font><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">&#8212; </font><font style="font-family:inherit;font-size:10pt;">Spot deferred trade orders are a special type of forward delivery trade that enable customers to purchase or sell certain precious metals from/to the Company at an agreed upon price but, are allowed to delay remitting or taking delivery up to a maximum of two years from the date of trade. Even though the contract allows for physical delivery, it rarely occurs for this type of trade. As a result, revenue is not recorded from these transactions, because no product is delivered to the customer. Spot deferred trades are considered a type of financing transaction, where the Company earns a fee (interest income) under spot deferred arrangements over the period in which the trade is open. </font></div></td></tr></table></div>
CY2019 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:8px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Use of Estimates</font></div><div style="line-height:120%;padding-bottom:8px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of </font><font style="font-family:inherit;font-size:10pt;">consolidated</font><font style="font-family:inherit;font-size:10pt;"> financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the </font><font style="font-family:inherit;font-size:10pt;">consolidated</font><font style="font-family:inherit;font-size:10pt;"> financial statements, and the reported amounts of revenue and expenses during the reporting periods. These estimates include, among others, determination of fair value, allowances for doubtful accounts, impairment assessments of plant, property and equipment and intangible assets, valuation allowance determination on deferred tax assets, contingent earn-out liabilities, and revenue recognition judgments. Significant estimates also include the Company's fair value determination with respect to its financial instruments and precious metals inventory. Actual results could materially differ from these estimates.</font></div></div>

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