2017 Q2 Form 10-Q Financial Statement
#000143774917012609 Filed on July 14, 2017
Income Statement
| Concept | 2017 Q2 | 2016 Q2 |
|---|---|---|
| Revenue | $607.9K | $564.4K |
| YoY Change | 7.7% | -0.59% |
| Cost Of Revenue | ||
| YoY Change | ||
| Gross Profit | ||
| YoY Change | ||
| Gross Profit Margin | ||
| Selling, General & Admin | $390.0K | $360.0K |
| YoY Change | 8.33% | -7.69% |
| % of Gross Profit | ||
| Research & Development | ||
| YoY Change | ||
| % of Gross Profit | ||
| Depreciation & Amortization | $0.00 | $10.00K |
| YoY Change | -100.0% | 0.0% |
| % of Gross Profit | ||
| Operating Expenses | $471.9K | $432.5K |
| YoY Change | 9.1% | -3.51% |
| Operating Profit | $136.0K | $131.9K |
| YoY Change | 3.09% | 10.4% |
| Interest Expense | $397.00 | |
| YoY Change | -48.77% | |
| % of Operating Profit | 0.3% | |
| Other Income/Expense, Net | ||
| YoY Change | ||
| Pretax Income | $136.0K | $131.7K |
| YoY Change | 3.31% | 10.49% |
| Income Tax | ||
| % Of Pretax Income | ||
| Net Earnings | $136.0K | $131.7K |
| YoY Change | 3.31% | 10.49% |
| Net Earnings / Revenue | 22.37% | 23.32% |
| Basic Earnings Per Share | $0.02 | |
| Diluted Earnings Per Share | $19.28K | $0.02 |
| COMMON SHARES | ||
| Basic Shares Outstanding | 7.264M | |
| Diluted Shares Outstanding | 7.264M |
Balance Sheet
| Concept | 2017 Q2 | 2016 Q2 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $750.0K | $740.0K |
| YoY Change | 1.35% | 7.25% |
| Cash & Equivalents | $752.9K | $744.7K |
| Short-Term Investments | ||
| Other Short-Term Assets | $710.0K | $590.0K |
| YoY Change | 20.34% | 63.89% |
| Inventory | $30.00K | $30.00K |
| Prepaid Expenses | ||
| Receivables | $50.20K | $90.00K |
| Other Receivables | $10.00K | $30.00K |
| Total Short-Term Assets | $1.550M | $1.483M |
| YoY Change | 4.48% | 18.76% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $4.871K | $2.254K |
| YoY Change | 116.1% | -49.13% |
| Goodwill | $1.494M | $1.494M |
| YoY Change | 0.0% | 0.0% |
| Intangibles | $459.6K | $455.2K |
| YoY Change | 0.98% | 0.0% |
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | $250.0K | $250.0K |
| YoY Change | 0.0% | 0.0% |
| Total Long-Term Assets | $2.206M | $2.217M |
| YoY Change | -0.5% | -0.65% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $1.550M | $1.483M |
| Total Long-Term Assets | $2.206M | $2.217M |
| Total Assets | $3.756M | $3.701M |
| YoY Change | 1.49% | 6.31% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $53.46K | $15.59K |
| YoY Change | 242.82% | -29.79% |
| Accrued Expenses | $290.0K | $300.0K |
| YoY Change | -3.33% | -3.23% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | $33.41K | |
| YoY Change | 4.75% | |
| Total Short-Term Liabilities | $1.021M | $1.020M |
| YoY Change | 0.11% | 29.33% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $0.00 | $0.00 |
| YoY Change | -100.0% | |
| Other Long-Term Liabilities | ||
| YoY Change | ||
| Total Long-Term Liabilities | $0.00 | $0.00 |
| YoY Change | -100.0% | |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $1.021M | $1.020M |
| Total Long-Term Liabilities | $0.00 | $0.00 |
| Total Liabilities | $1.020M | $1.020M |
| YoY Change | 0.0% | 24.1% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | -$11.54M | -$11.59M |
| YoY Change | -0.47% | -0.19% |
| Common Stock | $13.51M | $13.51M |
| YoY Change | 0.0% | 0.0% |
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | $222.8K | $222.8K |
| YoY Change | 0.0% | 0.0% |
| Treasury Stock Shares | ||
| Shareholders Equity | $2.735M | $2.681M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $3.756M | $3.701M |
| YoY Change | 1.49% | 6.31% |
Cashflow Statement
| Concept | 2017 Q2 | 2016 Q2 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | $136.0K | $131.7K |
| YoY Change | 3.31% | 10.49% |
| Depreciation, Depletion And Amortization | $0.00 | $10.00K |
| YoY Change | -100.0% | 0.0% |
| Cash From Operating Activities | $150.0K | $90.00K |
| YoY Change | 66.67% | -43.75% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | $0.00 | |
| YoY Change | ||
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | $0.00 | $0.00 |
| YoY Change | ||
| Cash From Investing Activities | -$10.00K | $0.00 |
| YoY Change | ||
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | -70.00K | -70.00K |
| YoY Change | 0.0% | 0.0% |
| NET CHANGE | ||
| Cash From Operating Activities | 150.0K | 90.00K |
| Cash From Investing Activities | -10.00K | 0.000 |
| Cash From Financing Activities | -70.00K | -70.00K |
| Net Change In Cash | 70.00K | 20.00K |
| YoY Change | 250.0% | -77.78% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | $150.0K | $90.00K |
| Capital Expenditures | $0.00 | |
| Free Cash Flow | $150.0K | |
| YoY Change |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2017Q2 | babb |
Deferred Franchise Fee Revenue
DeferredFranchiseFeeRevenue
|
||
| CY2016Q4 | babb |
Deferred Franchise Fee Revenue
DeferredFranchiseFeeRevenue
|
40000 | |
| CY2017Q2 | babb |
Deferred Licensing Revenue
DeferredLicensingRevenue
|
32440 | |
| CY2016Q4 | babb |
Deferred Licensing Revenue
DeferredLicensingRevenue
|
49226 | |
| CY2017Q2 | babb |
Deferred Marketing Contribution Revenue
DeferredMarketingContributionRevenue
|
641503 | |
| CY2016Q4 | babb |
Deferred Marketing Contribution Revenue
DeferredMarketingContributionRevenue
|
609380 | |
| babb |
Increase Decrease In Unexpended Marketing Contributions
IncreaseDecreaseInUnexpendedMarketingContributions
|
32123 | ||
| babb |
Increase Decrease In Unexpended Marketing Contributions
IncreaseDecreaseInUnexpendedMarketingContributions
|
87981 | ||
| babb |
Increase Decrease Marketing Contributionsreceivable1
IncreaseDecreaseMarketingContributionsreceivable1
|
-1878 | ||
| babb |
Increase Decrease Marketing Contributionsreceivable1
IncreaseDecreaseMarketingContributionsreceivable1
|
6253 | ||
| CY2017Q2 | babb |
Marketing Contributions Receivable Fromfranchisees
MarketingContributionsReceivableFromfranchisees
|
8360 | |
| CY2016Q4 | babb |
Marketing Contributions Receivable Fromfranchisees
MarketingContributionsReceivableFromfranchisees
|
10238 | |
| CY2017Q2 | babb |
Number Of Wholly Owned Subsidiaries
NumberOfWhollyOwnedSubsidiaries
|
3 | |
| CY2013Q2 | babb |
Preferred Stock Dividends Number Of Rights Declared1
PreferredStockDividendsNumberOfRightsDeclared1
|
1 | |
| CY2013Q2 | babb |
Preferred Stock Dividends Number Of Rights Minimum Percent Of Common Stock That Must Be Acquired To Make Rights Exercisable
PreferredStockDividendsNumberOfRightsMinimumPercentOfCommonStockThatMustBeAcquiredToMakeRightsExercisable
|
0.15 | |
| CY2013Q2 | babb |
Preferred Stock Dividends Number Of Rights Minimum Percent Of Common Stock That Must Be Acquired To Make Rights Exercisable Institutional Investors
PreferredStockDividendsNumberOfRightsMinimumPercentOfCommonStockThatMustBeAcquiredToMakeRightsExercisableInstitutionalInvestors
|
0.2 | |
| CY2013Q2 | babb |
Preferred Stock Dividends Rights Exercise Price
PreferredStockDividendsRightsExercisePrice
|
0.90 | |
| CY2013Q2 | babb |
Preferred Stock Dividends Rights Expiration Term
PreferredStockDividendsRightsExpirationTerm
|
P3Y | |
| CY2016Q2 | babb |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercises And Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesAndForfeituresInPeriod
|
1225000 | |
| CY2017Q2 | us-gaap |
Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
|
293528 | |
| CY2016Q4 | us-gaap |
Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
|
365169 | |
| CY2017Q2 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
53460 | |
| CY2017Q2 | us-gaap |
Assets
Assets
|
3756118 | |
| CY2016Q4 | us-gaap |
Assets
Assets
|
3871523 | |
| CY2017Q2 | us-gaap |
Assets Current
AssetsCurrent
|
1549839 | |
| CY2016Q4 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
43383 | |
| CY2017Q2 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
50196 | |
| CY2016Q4 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
50844 | |
| CY2017Q2 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
153604 | |
| CY2016Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
152334 | |
| CY2017Q2 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
987034 | |
| CY2016Q4 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
987034 | |
| CY2017Q2 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
22256 | |
| CY2016Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
25319 | |
| CY2017Q2 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
0 | |
| us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
175000 | ||
| us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
0 | ||
| CY2016Q1 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
175000 | |
| CY2016Q4 | us-gaap |
Assets Current
AssetsCurrent
|
1664236 | |
| CY2017Q2 | us-gaap |
Assets Noncurrent
AssetsNoncurrent
|
2206279 | |
| CY2016Q4 | us-gaap |
Assets Noncurrent
AssetsNoncurrent
|
2207287 | |
| CY2016Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
907116 | |
| CY2015Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
837382 | |
| CY2017Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
752915 | |
| CY2016Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
744726 | |
| us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
-154201 | ||
| us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
-92656 | ||
| CY2016Q4 | us-gaap |
Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
|
0.01 | |
| CY2016Q3 | us-gaap |
Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
|
0.01 | |
| CY2016Q2 | us-gaap |
Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
|
0.01 | |
| CY2016Q1 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.01 | |
| CY2016Q3 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.01 | |
| CY2016Q2 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.01 | |
| CY2017Q2 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.01 | |
| CY2016Q2 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.01 | |
| us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.03 | ||
| us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.04 | ||
| CY2017Q2 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.001 | |
| CY2016Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.001 | |
| CY2017Q2 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
15000000 | |
| CY2016Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
15000000 | |
| CY2017Q2 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
8466953 | |
| CY2016Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
8466953 | |
| CY2017Q2 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
7263508 | |
| CY2016Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
7263508 | |
| CY2017Q2 | us-gaap |
Common Stock Value
CommonStockValue
|
13508257 | |
| CY2016Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
13508257 | |
| CY2017Q2 | us-gaap |
Deferred Tax Assets Net Noncurrent
DeferredTaxAssetsNetNoncurrent
|
248000 | |
| CY2016Q4 | us-gaap |
Deferred Tax Assets Net Noncurrent
DeferredTaxAssetsNetNoncurrent
|
248000 | |
| CY2017Q2 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
5170 | |
| CY2016Q2 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
5167 | |
| us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
10378 | ||
| us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
10016 | ||
| us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
10378 | ||
| us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
10016 | ||
| us-gaap |
Description Of New Accounting Pronouncements Not Yet Adopted
DescriptionOfNewAccountingPronouncementsNotYetAdopted
|
<div style="display: inline; font-family: times new roman; font-size: 10pt"><div style=" TEXT-ALIGN: left; MARGIN: 0pt; LINE-HEIGHT: 1.25"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">6.</div> Recent and Adopted Accounting Pronouncements </div></div></div> <div style=" MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0pt"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif"> </div></div> <div style=" TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">In <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> January 2017, </div>the FASB issued ASU <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2017</div>-<div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">04,</div> Intangibles- Goodwill and Other (Topic <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">350</div>), which is intended to simplify the test for goodwill impairment. To simplify the subsequent measurement of goodwill, the standard eliminates Step <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2</div> from the goodwill impairment test. Instead, an entity will perform its annual or interim goodwill impairment test by comparing the fair value of a reporting unit with its carrying amount. An entity will recognize an impairment charge for the amount by which the carrying amount exceeds the reporting unit’s fair value. An entity still has the option to perform the qualitative assessment for a reporting unit to determine if the quantitative impairment test is necessary. The amendments in this ASU are effective for the annual reporting periods beginning after <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> December 15, 2019, </div>including the interim periods within that reporting period. The Company elected to early adopt this guidance in the quarter ended <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> February 28, 2017.</div></div></div> <div style=" TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif"> </div></div> <div style=" TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">Revenue from Contracts with Customers, ASU <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2014</div>-<div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">09</div> establishes a comprehensive revenue recognition standard for virtually all industries in U.S. GAAP, including those that previously followed industry-specific guidance such as the real estate, construction and software industries. The revenue standard’s core principle is built on the contract between a vendor and a customer for the provision of goods and services. It attempts to depict the exchange of rights and obligations between the parties in the pattern of revenue recognition based on the consideration to which the vendor is entitled. The standard requires <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">five</div> basic steps: (i) identify the contract with the customer, (ii) identify the performance obligations in the contract, (iii) determine the transaction price, (iv) allocate the transaction price to the performance obligations in the contract, (v) recognize revenue when (or as) the entity satisfies a performance obligation. Entities will generally be required to make more estimates and use more judgment than under current guidance, which will be highlighted for users through increased disclosure requirements. The ASU is effective for the Company, for fiscal years beginning after <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> December 15, 2017. </div>The Company will adopt ASU <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2014</div>-<div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">09</div> for fiscal year ending <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> November 30, 2019 </div>and the Company is evaluating the impact that adoption of this guidance might have on the Company’s financial position, cash flows or results of operations. </div></div> <div style=" TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif"></div></div><div style=" MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0pt"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif"> </div></div> <div style=" TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">On <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> February 25, 2016, </div>the FASB issued ASU <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">No.</div> <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2016</div>-<div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">02,</div> Leases, requiring lessees to recognize a right-of-use asset and a lease liability on the balance sheet for all leases with the exception of short-term leases. For lessees, leases will continue to be classified as either operating or finance leases in the income statement. Lessor accounting is similar to the current model but updated to align with certain changes to the lessee model. Lessors will continue to classify leases as operating, direct financing or sales-type leases. The effective date of the new standard for public companies is for fiscal years beginning after <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> December 15, 2018. </div>Early adoption is permitted. The new standard must be adopted using a modified retrospective transition and requires application of the new guidance at the beginning of the earliest comparative period presented. The Company will adopt ASU <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2016</div>-<div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">02</div> for fiscal year ending <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> November 30, 2019 </div>and the Company is evaluating the impact that adoption of this guidance might have on the Company’s financial position, cash flows or results of operations. </div></div> <div style=" TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif"> </div></div> <div style=" TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">In <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> March 2016, </div>the Financial Accounting Standards Board issued ASU <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2016</div>-<div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">04,</div> Liabilities – Extinguishments of Liabilities (Subtopic <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">405</div>-<div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">20</div>): Recognition of Breakage for Certain Prepaid Stored-Value Products. The amendments in the ASU are designed to provide guidance and eliminate diversity in the accounting for derecognition of prepaid stored-value product liabilities. Typically, a prepaid stored-value product liability is to be derecognized when it is probable that a significant reversal of the recognized breakage amount will <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">not</div> subsequently occur. This is when the likelihood of the product holder exercising its remaining rights becomes remote. This estimate shall be updated at the end of each period. The amendments in this ASU are effective for the annual reporting periods beginning after <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> December 15, 2017, </div>including the interim periods within that reporting period. Early adoption is permitted. The Company is still evaluating the impact the guidance will have on the Company’s financial position, cash flows or results of operations.</div></div> <div style=" TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif"> </div></div> <div style=" TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">In <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> November 2015, </div>the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">No.</div> <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2015</div>-<div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">17,</div> “Income Taxes (Topic <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">740</div>): Balance Sheet Classification of Deferred Taxes” (“ASU <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2015</div>-<div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">17”</div>). The standard requires that deferred tax assets and liabilities be classified as noncurrent on the balance sheet rather than being separated into current and noncurrent. ASU <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2015</div>-<div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">17</div> is effective for fiscal years, and interim periods within those years, beginning after <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> December 15, 2016. </div>Early adoption is permitted and the standard <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> may </div>be applied either retrospectively or on a prospective basis to all deferred tax assets and liabilities. The Company will adopt ASU <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2015</div>-<div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">17</div> during the year ended <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> November 30, 2018, </div>on a retrospective basis. The effect of this change is <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">not</div> expected to materially alter the Company’s financial position as a whole.</div></div> <div style=" TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif"> </div></div> <div style=" TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">Management does <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">not</div> believe that there are any other recently issued and effective or <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">not</div> yet effective pronouncements that would have or are expected to have any significant effect on the Company’s financial position, cash flows or results of operations. </div></div></div> | ||
| us-gaap |
Increase Decrease In Accounts And Notes Receivable
IncreaseDecreaseInAccountsAndNotesReceivable
|
12126 | ||
| us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
10077 | ||
| us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
2539 | ||
| CY2017Q2 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
0.02 | |
| CY2016Q2 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
0.02 | |
| us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
0.03 | ||
| us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
0.03 | ||
| CY2017Q2 | us-gaap |
Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
|
40874 | |
| CY2016Q2 | us-gaap |
Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
|
33064 | |
| us-gaap |
Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
|
80253 | ||
| us-gaap |
Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
|
77355 | ||
| CY2017Q2 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
123398 | |
| CY2016Q4 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
114290 | |
| CY2017Q2 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
||
| CY2016Q4 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
9108 | |
| CY2017Q2 | us-gaap |
Franchise Revenue
FranchiseRevenue
|
40000 | |
| CY2016Q2 | us-gaap |
Franchise Revenue
FranchiseRevenue
|
3000 | |
| us-gaap |
Franchise Revenue
FranchiseRevenue
|
40000 | ||
| us-gaap |
Franchise Revenue
FranchiseRevenue
|
18000 | ||
| CY2017Q2 | us-gaap |
Goodwill
Goodwill
|
1493771 | |
| CY2016Q4 | us-gaap |
Goodwill
Goodwill
|
1493771 | |
| us-gaap |
Goodwill Impairment Loss
GoodwillImpairmentLoss
|
0 | ||
| CY2017Q1 | us-gaap |
Goodwill Impairment Loss
GoodwillImpairmentLoss
|
0 | |
| CY2017Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
136012 | |
| CY2016Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
131652 | |
| us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
188728 | ||
| us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
220777 | ||
| CY2017Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
||
| CY2016Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
||
| us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
|||
| us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
|||
| us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
15801 | ||
| us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
|||
| us-gaap |
Increase Decrease In Accounts And Notes Receivable
IncreaseDecreaseInAccountsAndNotesReceivable
|
-3711 | ||
| us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
-71641 | ||
| us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
-9294 | ||
| us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
-56786 | ||
| us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
1012 | ||
| us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
10611 | ||
| us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
-583 | ||
| us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-1777 | ||
| us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
8810 | ||
| us-gaap |
Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
|
33496 | ||
| us-gaap |
Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
|
81728 | ||
| CY2017Q2 | us-gaap |
Indefinite Lived Trademarks
IndefiniteLivedTrademarks
|
459637 | |
| CY2016Q4 | us-gaap |
Indefinite Lived Trademarks
IndefiniteLivedTrademarks
|
455182 | |
| CY2017Q2 | us-gaap |
Interest Expense
InterestExpense
|
||
| CY2016Q2 | us-gaap |
Interest Expense
InterestExpense
|
397 | |
| us-gaap |
Interest Expense
InterestExpense
|
|||
| us-gaap |
Interest Expense
InterestExpense
|
794 | ||
| us-gaap |
Interest Paid
InterestPaid
|
|||
| us-gaap |
Occupancy Costs
OccupancyCosts
|
87738 | ||
| us-gaap |
Interest Paid
InterestPaid
|
|||
| CY2017Q2 | us-gaap |
Inventory Gross
InventoryGross
|
26741 | |
| CY2016Q4 | us-gaap |
Inventory Gross
InventoryGross
|
16130 | |
| CY2017Q2 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
31 | |
| CY2016Q2 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
147 | |
| us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
63 | ||
| us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
333 | ||
| CY2017Q2 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
3756118 | |
| CY2016Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
3871523 | |
| CY2017Q2 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
1020931 | |
| CY2016Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
1107158 | |
| CY2017Q2 | us-gaap |
Licenses Revenue
LicensesRevenue
|
119895 | |
| CY2016Q2 | us-gaap |
Licenses Revenue
LicensesRevenue
|
111727 | |
| us-gaap |
Licenses Revenue
LicensesRevenue
|
212355 | ||
| us-gaap |
Licenses Revenue
LicensesRevenue
|
270704 | ||
| CY2017Q2 | us-gaap |
Marketing And Advertising Expense
MarketingAndAdvertisingExpense
|
4442 | |
| CY2016Q2 | us-gaap |
Marketing And Advertising Expense
MarketingAndAdvertisingExpense
|
11893 | |
| us-gaap |
Marketing And Advertising Expense
MarketingAndAdvertisingExpense
|
11712 | ||
| us-gaap |
Marketing And Advertising Expense
MarketingAndAdvertisingExpense
|
21592 | ||
| us-gaap |
Nature Of Operations
NatureOfOperations
|
<div style="display: inline; font-family: times new roman; font-size: 10pt"><div style=" TEXT-ALIGN: left; MARGIN: 0pt; LINE-HEIGHT: 1.25"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif"><div style="display: inline; font-weight: bold;">Note <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">1.</div> Nature of Operations </div></div></div> <div style=" MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0pt"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif"> </div></div> <div style=" TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">BAB, Inc. (“the Company”) has <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">three</div> wholly owned subsidiaries: BAB Systems, Inc. (“Systems”), BAB Operations, Inc. (“Operations”) and BAB Investments, Inc (“Investments”). Systems was incorporated on <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> December 2, 1992, </div>and was primarily established to franchise Big Apple Bagels® (“BAB”) specialty bagel retail stores. My Favorite Muffin® (“MFM”), was acquired in <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">1997</div> and is included as a part of Systems. Brewster’s® Coffee (“Brewster’s”) was established in <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">1996</div> and the coffee is sold in BAB and MFM locations as well as through license agreements. SweetDuet (“SD”) frozen yogurt can be added as an additional brand in a BAB or MFM location. Operations was formed on <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> August 30, 1995, </div>primarily to operate Company-owned stores of which there are currently <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">none.</div> The assets of Jacobs Bros. Bagels® (“Jacobs Bros.”) were acquired on <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> February 1, 1999, </div>and any branded wholesale business uses this trademark. Investments was incorporated <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> September 9, 2009 </div>to be used for the purpose of acquisitions. To date, there have been <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">no</div> acquisitions. </div></div> <div style=" TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif"> </div></div> <div style=" TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">The Company was incorporated under the laws of the State of Delaware on <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> July 12, 2000. </div>The Company currently franchises and licenses bagel and muffin retail units under the BAB and MFM and SD trade names. At <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> May 31, 2017, </div>the Company had <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">85</div> franchise units and <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">3</div> licensed units in operation in <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">24</div> states. The Company additionally derives income from the sale of its trademark bagels, muffins and coffee through nontraditional channels of distribution including under a licensing agreement with Green Beans Coffee. Also, included in licensing fees and other income is Operations Sign Shop revenue. For franchise consistency and convenience, the Sign Shop provides the majority of signage to franchisees, including but <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">not</div> limited to, menu panels, interior and exterior signage and point of purchase materials.</div></div> <div style=" TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif"> </div></div> <div style=" TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">The BAB franchised brand consists of units operating as “Big Apple Bagels,” featuring daily baked bagels, flavored cream cheeses, premium coffees, gourmet bagel sandwiches and other related products. Licensed BAB units serve the Company's frozen bagel and related products baked daily. BAB units are primarily concentrated in the Midwest and Western United States. The MFM brand consists of units operating as "My Favorite Muffin," featuring a large variety of freshly baked muffins, coffees and related products, and units operating as "My Favorite Muffin and Bagel Cafe®," featuring these products as well as a variety of specialty bagel sandwiches and related products. The SweetDuet Frozen Yogurt & Gourmet Muffins® brand is a fusion concept, pairing self-serve frozen yogurt with MFM’s exclusive line of My Favorite Muffin gourmet muffins. SD frozen yogurt can be added as an additional brand in a BAB or MFM location. Although the Company doesn't actively market Brewster's stand-alone franchises, Brewster's coffee products are sold in most franchised units. </div></div> <div style=" TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif"> </div></div> <div style=" TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">The Company is leveraging on the natural synergy of distributing muffin products in existing BAB units and, alternatively, bagel products and Brewster's Coffee in existing MFM units. The Company expects to continue to realize efficiencies in servicing the combined base of BAB and MFM franchisees.</div></div> <div style=" TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif"> </div></div> <div style=" TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">The accompanying condensed consolidated financial statements are unaudited. These financial statements have been prepared in accordance with the rules and regulations of the Securities and Exchange Commission. Certain information and footnote disclosures normally included in financial statements prepared in accordance with U.S. generally accepted accounting principles have been omitted pursuant to such SEC rules and regulations; nevertheless, the Company believes that the disclosures are adequate to make the information presented <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">not</div> misleading. These financial statements and the notes hereto should be read in conjunction with the financial statements and notes thereto included in the Company's Annual Report on Form <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">10</div>-K for the year ended <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> November 30, 2016 </div>which was filed <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> February 23, 2017. </div>In the opinion of the Company's management, the condensed consolidated financial statements for the unaudited interim period presented include all adjustments, including normal recurring adjustments, necessary to fairly present the results of such interim period and the financial position as of the end of said period. The results of operations for the interim period are <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">not</div> necessarily indicative of the results for the full year. </div></div></div> | ||
| us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
-217906 | ||
| us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
-290540 | ||
| us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-9370 | ||
| us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-4022 | ||
| us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
73075 | ||
| us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
201906 | ||
| CY2017Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
136012 | |
| CY2016Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
131652 | |
| us-gaap |
Net Income Loss
NetIncomeLoss
|
188728 | ||
| us-gaap |
Net Income Loss
NetIncomeLoss
|
220777 | ||
| CY2017Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
136012 | |
| CY2016Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
131652 | |
| us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
188728 | ||
| us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
220777 | ||
| CY2017Q2 | us-gaap |
Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
|
24 | |
| CY2017Q2 | us-gaap |
Number Of Stores
NumberOfStores
|
88 | |
| CY2017Q2 | us-gaap |
Occupancy Costs
OccupancyCosts
|
43934 | |
| CY2016Q2 | us-gaap |
Occupancy Costs
OccupancyCosts
|
42948 | |
| us-gaap |
Occupancy Costs
OccupancyCosts
|
89795 | ||
| CY2017Q2 | us-gaap |
Operating Expenses
OperatingExpenses
|
471896 | |
| CY2016Q2 | us-gaap |
Operating Expenses
OperatingExpenses
|
432538 | |
| us-gaap |
Operating Expenses
OperatingExpenses
|
911933 | ||
| us-gaap |
Operating Expenses
OperatingExpenses
|
924079 | ||
| CY2017Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
135981 | |
| CY2016Q2 | us-gaap |
Other General Expense
OtherGeneralExpense
|
65640 | |
| us-gaap |
Other General Expense
OtherGeneralExpense
|
114361 | ||
| CY2016Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
131902 | |
| us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
188665 | ||
| us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
221238 | ||
| CY2017Q2 | us-gaap |
Other General Expense
OtherGeneralExpense
|
78166 | |
| us-gaap |
Other General Expense
OtherGeneralExpense
|
118443 | ||
| us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
217906 | ||
| us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
290540 | ||
| us-gaap |
Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
|
4455 | ||
| us-gaap |
Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
|
4022 | ||
| us-gaap |
Payments To Acquire Machinery And Equipment
PaymentsToAcquireMachineryAndEquipment
|
4915 | ||
| us-gaap |
Payments To Acquire Machinery And Equipment
PaymentsToAcquireMachineryAndEquipment
|
|||
| CY2017Q2 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.001 | |
| CY2016Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.001 | |
| CY2017Q2 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
4000000 | |
| CY2016Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
4000000 | |
| CY2017Q2 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | |
| CY2016Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | |
| CY2017Q2 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
||
| CY2016Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
||
| CY2017Q2 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
79244 | |
| CY2016Q4 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
81021 | |
| CY2017Q2 | us-gaap |
Professional Fees
ProfessionalFees
|
27253 | |
| CY2016Q2 | us-gaap |
Professional Fees
ProfessionalFees
|
22655 | |
| us-gaap |
Professional Fees
ProfessionalFees
|
77574 | ||
| us-gaap |
Professional Fees
ProfessionalFees
|
71532 | ||
| CY2017Q2 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
4871 | |
| CY2016Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
1226 | |
| us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
-3063 | ||
| us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
-2791 | ||
| CY2017Q2 | us-gaap |
Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
|
632383 | |
| CY2016Q4 | us-gaap |
Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
|
598887 | |
| CY2017Q2 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-11537323 | |
| CY2016Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-11508145 | |
| CY2017Q2 | us-gaap |
Revenues
Revenues
|
607877 | |
| CY2016Q2 | us-gaap |
Revenues
Revenues
|
564440 | |
| us-gaap |
Revenues
Revenues
|
1100598 | ||
| us-gaap |
Revenues
Revenues
|
1145317 | ||
| CY2017Q2 | us-gaap |
Royalty Revenue
RoyaltyRevenue
|
447982 | |
| CY2016Q2 | us-gaap |
Royalty Revenue
RoyaltyRevenue
|
449713 | |
| us-gaap |
Royalty Revenue
RoyaltyRevenue
|
848243 | ||
| us-gaap |
Royalty Revenue
RoyaltyRevenue
|
856613 | ||
| CY2017Q2 | us-gaap |
Salaries Wages And Officers Compensation
SalariesWagesAndOfficersCompensation
|
261907 | |
| CY2016Q2 | us-gaap |
Salaries Wages And Officers Compensation
SalariesWagesAndOfficersCompensation
|
242811 | |
| us-gaap |
Salaries Wages And Officers Compensation
SalariesWagesAndOfficersCompensation
|
508984 | ||
| us-gaap |
Salaries Wages And Officers Compensation
SalariesWagesAndOfficersCompensation
|
520067 | ||
| us-gaap |
Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
|||
| us-gaap |
Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
|||
| CY2017Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
2735187 | |
| CY2016Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
2764365 | |
| CY2001Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
|
1400000 | |
| us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
|
|||
| us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
|
62500 | ||
| us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
|||
| us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
|||
| CY2017Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
0 | |
| CY2016Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
0 | |
| CY2015Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
237500 | |
| CY2016Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
175000 | |
| CY2017Q2 | us-gaap |
Travel And Entertainment Expense
TravelAndEntertainmentExpense
|
10150 | |
| CY2016Q2 | us-gaap |
Travel And Entertainment Expense
TravelAndEntertainmentExpense
|
8360 | |
| us-gaap |
Travel And Entertainment Expense
TravelAndEntertainmentExpense
|
18876 | ||
| us-gaap |
Travel And Entertainment Expense
TravelAndEntertainmentExpense
|
17336 | ||
| CY2017Q2 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
222781 | |
| CY2016Q4 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
222781 | |
| CY2017Q2 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
7263508 | |
| CY2016Q2 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
7263508 | |
| us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
7263508 | ||
| us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
7263508 |
