2024 Q3 Form 10-Q Financial Statement

#000114036124037251 Filed on August 14, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $44.52M $47.67M
YoY Change -0.16% -3.09%
Cost Of Revenue $30.76M $31.81M
YoY Change 14.7% 8.32%
Gross Profit $13.76M $15.86M
YoY Change -22.58% -19.99%
Gross Profit Margin 30.91% 33.27%
Selling, General & Admin $11.49M $11.58M
YoY Change 3.89% -9.84%
% of Gross Profit 83.51% 73.03%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $59.00K $125.0K
YoY Change -63.13% -26.04%
% of Gross Profit 0.43% 0.79%
Operating Expenses $46.10M $47.65M
YoY Change 10.83% 3.22%
Operating Profit -$32.35M -$31.79M
YoY Change 35.75% 20.68%
Interest Expense $869.0K $867.0K
YoY Change 2.24% 7.43%
% of Operating Profit
Other Income/Expense, Net $3.854M $4.259M
YoY Change 3.57% 7.8%
Pretax Income -$2.454M -$849.0K
YoY Change -214.78% -138.29%
Income Tax -$456.0K -$165.0K
% Of Pretax Income
Net Earnings -$1.998M -$684.0K
YoY Change -213.59% -139.22%
Net Earnings / Revenue -4.49% -1.43%
Basic Earnings Per Share -$0.10 -$0.04
Diluted Earnings Per Share -$0.10 -$0.04
COMMON SHARES
Basic Shares Outstanding 20.40M 20.40M
Diluted Shares Outstanding 20.40M 20.40M

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $23.04M $21.21M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $1.981M $2.196M
YoY Change -29.25% -27.19%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $1.238M $1.238M
YoY Change 0.0% -99.46%
Other Assets $16.08M $17.24M
YoY Change -6.52% 13.78%
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $387.0M $386.0M
YoY Change 7.02% 3.5%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $2.129M $2.358M
YoY Change -29.03% -26.79%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $24.59M $22.32M
YoY Change 2.02% -4.72%
LONG-TERM LIABILITIES
Long-Term Debt $37.76M $37.76M
YoY Change 2.61% 2.79%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $37.76M $37.76M
YoY Change 2.61% 2.79%
TOTAL LIABILITIES
Total Short-Term Liabilities $24.59M $22.32M
Total Long-Term Liabilities $37.76M $37.76M
Total Liabilities $281.2M $285.3M
YoY Change 6.98% 5.89%
SHAREHOLDERS EQUITY
Retained Earnings $45.54M $47.64M
YoY Change -14.48%
Common Stock $22.40M $22.40M
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $105.8M $100.7M
YoY Change
Total Liabilities & Shareholders Equity $387.0M $386.0M
YoY Change 7.02% 3.5%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income -$1.998M -$684.0K
YoY Change -213.59% -139.22%
Depreciation, Depletion And Amortization $59.00K $125.0K
YoY Change -63.13% -26.04%
Cash From Operating Activities $90.00K $416.0K
YoY Change -93.38% -93.8%
INVESTING ACTIVITIES
Capital Expenditures $32.00K $55.00K
YoY Change 220.0% 511.11%
Acquisitions
YoY Change
Other Investing Activities $1.764M $70.00K
YoY Change -240.0% -98.25%
Cash From Investing Activities $1.732M $15.00K
YoY Change -236.38% -99.62%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 0.000 -407.0K
YoY Change -100.0% 6683.33%
NET CHANGE
Cash From Operating Activities 90.00K 416.0K
Cash From Investing Activities 1.732M 15.00K
Cash From Financing Activities 0.000 -407.0K
Net Change In Cash 1.822M 24.00K
YoY Change -669.37% -99.78%
FREE CASH FLOW
Cash From Operating Activities $90.00K $416.0K
Capital Expenditures $32.00K $55.00K
Free Cash Flow $58.00K $361.0K
YoY Change -95.7% -94.62%

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aame Policyholder Benefits And Claims Incurred Before Adjustments
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aame Change In Cash Surrender Value And Matured Endowments
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IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
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us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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CY2023Q2 us-gaap Income Tax Reconciliation Deductions Dividends
IncomeTaxReconciliationDeductionsDividends
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IncomeTaxReconciliationDeductionsDividends
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us-gaap Income Tax Reconciliation Deductions Dividends
IncomeTaxReconciliationDeductionsDividends
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CY2024Q2 us-gaap Income Tax Reconciliation Nondeductible Expense Meals And Entertainment
IncomeTaxReconciliationNondeductibleExpenseMealsAndEntertainment
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CY2023Q2 us-gaap Income Tax Reconciliation Nondeductible Expense Meals And Entertainment
IncomeTaxReconciliationNondeductibleExpenseMealsAndEntertainment
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us-gaap Income Tax Reconciliation Nondeductible Expense Meals And Entertainment
IncomeTaxReconciliationNondeductibleExpenseMealsAndEntertainment
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us-gaap Income Tax Reconciliation Nondeductible Expense Meals And Entertainment
IncomeTaxReconciliationNondeductibleExpenseMealsAndEntertainment
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CY2024Q2 aame Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Payment Arrangement And Club Dues Amount
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CY2023Q2 aame Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Payment Arrangement And Club Dues Amount
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedPaymentArrangementAndClubDuesAmount
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aame Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Payment Arrangement And Club Dues Amount
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedPaymentArrangementAndClubDuesAmount
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aame Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Payment Arrangement And Club Dues Amount
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedPaymentArrangementAndClubDuesAmount
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CY2024Q2 aame Income Tax Reconciliation Nondeductible Expense Parking Disallowance
IncomeTaxReconciliationNondeductibleExpenseParkingDisallowance
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CY2023Q2 aame Income Tax Reconciliation Nondeductible Expense Parking Disallowance
IncomeTaxReconciliationNondeductibleExpenseParkingDisallowance
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aame Income Tax Reconciliation Nondeductible Expense Parking Disallowance
IncomeTaxReconciliationNondeductibleExpenseParkingDisallowance
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aame Income Tax Reconciliation Nondeductible Expense Parking Disallowance
IncomeTaxReconciliationNondeductibleExpenseParkingDisallowance
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CY2024Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2023Q2 us-gaap Income Tax Expense Benefit
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us-gaap Income Tax Expense Benefit
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us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
101000
CY2024Q2 us-gaap Current Federal Tax Expense Benefit
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CY2023Q2 us-gaap Current Federal Tax Expense Benefit
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us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
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us-gaap Current Federal Tax Expense Benefit
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CY2024Q2 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
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CY2023Q2 us-gaap Deferred Federal Income Tax Expense Benefit
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us-gaap Deferred Federal Income Tax Expense Benefit
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us-gaap Deferred Federal Income Tax Expense Benefit
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CY2024Q2 us-gaap Income Tax Expense Benefit
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CY2023Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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IncomeTaxExpenseBenefit
-673000
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IncomeTaxExpenseBenefit
101000
aame Number Of Operating Lease Agreements
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CY2024Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
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CY2024Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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P2Y4M24D
CY2023Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
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CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
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CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
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CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
942000
CY2024Q2 aame Lessee Operating Lease Liability Payments Due After Year Three
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearThree
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CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
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CY2024Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
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CY2024Q2 us-gaap Operating Lease Liability
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us-gaap Number Of Operating Segments
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CY2024Q2 us-gaap Assets
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CY2023Q4 us-gaap Assets
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CY2024Q2 us-gaap Revenues
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CY2023Q2 us-gaap Revenues
Revenues
49188000
us-gaap Revenues
Revenues
94665000
us-gaap Revenues
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CY2024Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
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CY2023Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
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us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
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us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
399000
CY2024Q2 ecd Non Rule10b51 Arr Adopted Flag
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CY2024Q2 ecd Rule10b51 Arr Adopted Flag
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CY2024Q2 ecd Rule10b51 Arr Trmntd Flag
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