2018 Q1 Form 10-Q Financial Statement
#000143774918006830 Filed on April 13, 2018
Income Statement
| Concept | 2018 Q1 | 2017 Q1 |
|---|---|---|
| Revenue | $500.5K | $492.7K |
| YoY Change | 1.57% | -15.18% |
| Cost Of Revenue | ||
| YoY Change | ||
| Gross Profit | ||
| YoY Change | ||
| Gross Profit Margin | ||
| Selling, General & Admin | $350.0K | $400.0K |
| YoY Change | -12.5% | -6.98% |
| % of Gross Profit | ||
| Research & Development | ||
| YoY Change | ||
| % of Gross Profit | ||
| Depreciation & Amortization | $152.00 | $5.208K |
| YoY Change | -97.08% | 7.4% |
| % of Gross Profit | ||
| Operating Expenses | $384.7K | $440.0K |
| YoY Change | -12.58% | -10.48% |
| Operating Profit | $115.8K | $52.68K |
| YoY Change | 119.81% | -41.03% |
| Interest Expense | $0.00 | |
| YoY Change | ||
| % of Operating Profit | 0.0% | |
| Other Income/Expense, Net | ||
| YoY Change | ||
| Pretax Income | $115.8K | $52.72K |
| YoY Change | 119.72% | -40.85% |
| Income Tax | $15.00K | |
| % Of Pretax Income | 12.95% | |
| Net Earnings | $100.8K | $52.72K |
| YoY Change | 91.27% | -40.85% |
| Net Earnings / Revenue | 20.15% | 10.7% |
| Basic Earnings Per Share | $0.01 | |
| Diluted Earnings Per Share | $13.77K | $6.887K |
| COMMON SHARES | ||
| Basic Shares Outstanding | 7.264M | |
| Diluted Shares Outstanding | 7.264M |
Balance Sheet
| Concept | 2018 Q1 | 2017 Q1 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $800.0K | $670.0K |
| YoY Change | 19.4% | -6.94% |
| Cash & Equivalents | $799.6K | $674.3K |
| Short-Term Investments | ||
| Other Short-Term Assets | $760.0K | $700.0K |
| YoY Change | 8.57% | 25.0% |
| Inventory | $10.00K | $30.00K |
| Prepaid Expenses | ||
| Receivables | $48.69K | $90.44K |
| Other Receivables | $10.00K | $30.00K |
| Total Short-Term Assets | $1.632M | $1.528M |
| YoY Change | 6.86% | 8.36% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $1.685K | $5.487K |
| YoY Change | -69.29% | 91.45% |
| 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 | $2.207M | $2.207M |
| YoY Change | 0.01% | -0.7% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $1.632M | $1.528M |
| Total Long-Term Assets | $2.207M | $2.207M |
| Total Assets | $3.840M | $3.735M |
| YoY Change | 2.81% | 2.81% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $47.91K | $52.13K |
| YoY Change | -8.08% | 488.65% |
| Accrued Expenses | $270.0K | $290.0K |
| YoY Change | -6.9% | -6.45% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | ||
| YoY Change | ||
| Total Short-Term Liabilities | $1.029M | $1.063M |
| YoY Change | -3.2% | 5.19% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Other Long-Term Liabilities | ||
| YoY Change | ||
| Total Long-Term Liabilities | $0.00 | $0.00 |
| YoY Change | ||
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $1.029M | $1.063M |
| Total Long-Term Liabilities | $0.00 | $0.00 |
| Total Liabilities | $1.030M | $1.060M |
| YoY Change | -2.83% | 4.95% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | -$11.46M | -$11.60M |
| YoY Change | -1.2% | -0.43% |
| 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 | $2.811M | $2.672M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $3.840M | $3.735M |
| YoY Change | 2.81% | 2.81% |
Cashflow Statement
| Concept | 2018 Q1 | 2017 Q1 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | $100.8K | $52.72K |
| YoY Change | 91.27% | -40.85% |
| Depreciation, Depletion And Amortization | $152.00 | $5.208K |
| YoY Change | -97.08% | 7.4% |
| Cash From Operating Activities | $140.6K | -$82.67K |
| YoY Change | -270.02% | -175.48% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | $0.00 | |
| YoY Change | ||
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | $0.00 | $0.00 |
| YoY Change | ||
| Cash From Investing Activities | $270.00 | -$4.915K |
| YoY Change | -105.49% | 22.2% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | $145.3K | $145.3K |
| YoY Change | 0.0% | -33.33% |
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | -145.3K | -145.3K |
| YoY Change | 0.0% | -33.33% |
| NET CHANGE | ||
| Cash From Operating Activities | 140.6K | -82.67K |
| Cash From Investing Activities | 270.0 | -4.915K |
| Cash From Financing Activities | -145.3K | -145.3K |
| Net Change In Cash | -4.440K | -232.9K |
| YoY Change | -98.09% | 107.17% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | $140.6K | -$82.67K |
| Capital Expenditures | $0.00 | |
| Free Cash Flow | -$82.67K | |
| YoY Change |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2018Q1 | babb |
Deferred Franchise Fee Revenue
DeferredFranchiseFeeRevenue
|
||
| CY2017Q4 | babb |
Deferred Franchise Fee Revenue
DeferredFranchiseFeeRevenue
|
||
| CY2018Q1 | babb |
Deferred Licensing Revenue
DeferredLicensingRevenue
|
17262 | |
| CY2017Q4 | babb |
Deferred Licensing Revenue
DeferredLicensingRevenue
|
18155 | |
| CY2018Q1 | babb |
Deferred Marketing Contribution Revenue
DeferredMarketingContributionRevenue
|
692709 | |
| CY2017Q4 | babb |
Deferred Marketing Contribution Revenue
DeferredMarketingContributionRevenue
|
706856 | |
| CY2018Q1 | babb |
Increase Decrease In Unexpended Marketing Contributions
IncreaseDecreaseInUnexpendedMarketingContributions
|
-14147 | |
| CY2017Q1 | babb |
Increase Decrease In Unexpended Marketing Contributions
IncreaseDecreaseInUnexpendedMarketingContributions
|
30797 | |
| CY2018Q1 | babb |
Increase Decrease Marketing Contributionsreceivable1
IncreaseDecreaseMarketingContributionsreceivable1
|
-2582 | |
| CY2017Q1 | babb |
Increase Decrease Marketing Contributionsreceivable1
IncreaseDecreaseMarketingContributionsreceivable1
|
15924 | |
| CY2018Q1 | babb |
Marketing Contributions Receivable Fromfranchisees
MarketingContributionsReceivableFromfranchisees
|
10053 | |
| CY2017Q4 | babb |
Marketing Contributions Receivable Fromfranchisees
MarketingContributionsReceivableFromfranchisees
|
12635 | |
| CY2018Q1 | babb |
Number Of Wholly Owned Subsidiaries
NumberOfWhollyOwnedSubsidiaries
|
3 | |
| CY2018Q1 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
24 | |
| CY2017Q1 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
32 | |
| CY2018Q1 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
3839732 | |
| CY2017Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
3867511 | |
| CY2018Q1 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
1028810 | |
| CY2018Q1 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
0.01 | |
| CY2017Q1 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
0.01 | |
| CY2018Q1 | us-gaap |
Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
|
270926 | |
| CY2017Q4 | us-gaap |
Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
|
243397 | |
| CY2018Q1 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
47913 | |
| CY2017Q4 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
43741 | |
| CY2018Q1 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
48689 | |
| CY2017Q4 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
56342 | |
| CY2018Q1 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
154481 | |
| CY2017Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
154762 | |
| CY2018Q1 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
987034 | |
| CY2017Q4 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
987034 | |
| CY2018Q1 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
18275 | |
| CY2017Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
19438 | |
| CY2018Q1 | us-gaap |
Assets
Assets
|
3839732 | |
| CY2017Q4 | us-gaap |
Assets
Assets
|
3867511 | |
| CY2018Q1 | us-gaap |
Assets Current
AssetsCurrent
|
1632428 | |
| CY2017Q4 | us-gaap |
Assets Current
AssetsCurrent
|
1660588 | |
| CY2018Q1 | us-gaap |
Assets Noncurrent
AssetsNoncurrent
|
2207304 | |
| CY2017Q4 | us-gaap |
Assets Noncurrent
AssetsNoncurrent
|
2206923 | |
| CY2017Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
792655 | |
| CY2016Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
907116 | |
| CY2018Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
799564 | |
| CY2017Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
674256 | |
| CY2018Q1 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
6909 | |
| CY2017Q1 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
-232860 | |
| CY2018Q1 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.02 | |
| CY2017Q1 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.02 | |
| CY2018Q1 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.001 | |
| CY2017Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.001 | |
| CY2018Q1 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
15000000 | |
| CY2017Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
15000000 | |
| CY2018Q1 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
8466953 | |
| CY2017Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
8466953 | |
| CY2018Q1 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
7263508 | |
| CY2017Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
7263508 | |
| CY2018Q1 | us-gaap |
Common Stock Value
CommonStockValue
|
13508257 | |
| CY2017Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
13508257 | |
| CY2018Q1 | us-gaap |
Deferred Tax Assets Net Noncurrent
DeferredTaxAssetsNetNoncurrent
|
248000 | |
| CY2017Q4 | us-gaap |
Deferred Tax Assets Net Noncurrent
DeferredTaxAssetsNetNoncurrent
|
248000 | |
| CY2018Q1 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
152 | |
| CY2017Q1 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
5208 | |
| CY2018Q1 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
152 | |
| CY2017Q1 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
5208 | |
| CY2018Q1 | 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=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">5</div></div><div style="display: inline; font-weight: bold;">. Recent Accounting Pronouncements </div></div> <div style=" font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"> </div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">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.</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;"> </div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">The standard requires that the transaction price received from customers be allocated to each separate and distinct performance obligation. The transaction price attributable to each separate and distinct performance obligation is then recognized as the performance obligations are satisfied. We have evaluated franchise fees and have determined that under the new standard the franchise fee is <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">not</div> separate and distinct from the overall franchise right. Franchise fees received will be recorded as deferred revenue and recognized as revenue over the term of each respective franchise agreement, typically <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">10</div> years. The Company is still evaluating the financial impact that this change will have on our financial statements.</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;"> </div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">We have evaluated the impact of our franchise contributions to and subsequent expenditures from our marketing fund. We act as an agent in regard to these franchisee contributions and expenditures and as such we do <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">not</div> currently include them in our Consolidated Statements of Income. We have determined we are the principal in these arrangements and under the new standard we will include them as revenue and expense items. The Company is still evaluating the specific effect of this change. We believe it will have a material impact on our gross amount of reported revenues and expenses but we do <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">not</div> expect a significant impact on our net income. 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></div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;"> </div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">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 is evaluating the timing and impact that adoption of this guidance might have on the Company’s financial position, cash flows or results of operations.</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;"> </div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">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 reporting 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 does <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">not</div> believe that adoption of this guidance will have a material impact on the Company’s financial position, cash flows or results of operations.</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;"> </div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">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 as of <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> February 28, 2018 </div>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 style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;"><div style="display: inline; font-weight: bold;"> </div></div></div> | |
| CY2018Q1 | us-gaap |
Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
|
-11349 | |
| CY2017Q1 | us-gaap |
Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
|
15704 | |
| CY2018Q1 | us-gaap |
Indefinite Lived Trademarks
IndefiniteLivedTrademarks
|
459637 | |
| CY2017Q4 | us-gaap |
Indefinite Lived Trademarks
IndefiniteLivedTrademarks
|
459637 | |
| CY2018Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
||
| CY2017Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
||
| CY2018Q1 | us-gaap |
Inventory Gross
InventoryGross
|
12890 | |
| CY2017Q4 | us-gaap |
Inventory Gross
InventoryGross
|
19761 | |
| CY2017Q4 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.35 | |
| CY2018Q1 | us-gaap |
Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
|
27471 | |
| CY2017Q1 | us-gaap |
Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
|
39379 | |
| CY2018Q1 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
123433 | |
| CY2017Q4 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
123398 | |
| CY2018Q1 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
4211 | |
| CY2017Q4 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
||
| CY2018Q1 | us-gaap |
Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
|
-4516 | |
| CY2017Q1 | us-gaap |
Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
|
||
| CY2018Q1 | us-gaap |
Goodwill
Goodwill
|
1493771 | |
| CY2017Q4 | us-gaap |
Goodwill
Goodwill
|
1493771 | |
| CY2018Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
115830 | |
| CY2017Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
52716 | |
| CY2018Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
15000 | |
| CY2017Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
||
| CY2018Q1 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
||
| CY2017Q1 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
12700 | |
| CY2018Q1 | us-gaap |
Increase Decrease In Accounts And Notes Receivable
IncreaseDecreaseInAccountsAndNotesReceivable
|
-8816 | |
| CY2017Q1 | us-gaap |
Increase Decrease In Accounts And Notes Receivable
IncreaseDecreaseInAccountsAndNotesReceivable
|
38109 | |
| CY2018Q1 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
4172 | |
| CY2017Q1 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
8742 | |
| CY2018Q1 | us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
27529 | |
| CY2017Q1 | us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
-75511 | |
| CY2018Q1 | us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
-893 | |
| CY2017Q1 | us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
-8393 | |
| CY2018Q1 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
-6068 | |
| CY2017Q1 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
11855 | |
| CY2018Q1 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-6614 | |
| CY2017Q1 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
13150 | |
| CY2017Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
1012149 | |
| CY2018Q1 | us-gaap |
Licenses Revenue
LicensesRevenue
|
115416 | |
| CY2017Q1 | us-gaap |
Licenses Revenue
LicensesRevenue
|
92460 | |
| CY2018Q1 | us-gaap |
Loss Contingency Disclosures
LossContingencyDisclosures
|
<div style="display: inline; font-family: times new roman; font-size: 10pt"><div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">8</div></div><div style="display: inline; font-weight: bold;">. </div><div style="display: inline; font-weight: bold;">Contingenc</div><div style="display: inline; font-weight: bold;">ies</div></div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;"><div style="display: inline; font-weight: bold;"> </div></div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">We are subject to various legal proceedings and claims, either asserted or unasserted, which arise in the ordinary course of business. While the outcome of such proceedings or claims cannot be predicted with certainty, management does <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">not</div> believe that the outcome of any such proceedings or claims will have a material effect on our financial position. We know of <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">no</div> pending or threatened proceeding or claim to which we are or will be a party.</div></div> | |
| CY2018Q1 | us-gaap |
Marketing And Advertising Expense
MarketingAndAdvertisingExpense
|
993 | |
| CY2017Q1 | us-gaap |
Marketing And Advertising Expense
MarketingAndAdvertisingExpense
|
7270 | |
| CY2018Q1 | us-gaap |
Nature Of Operations
NatureOfOperations
|
<div style="display: inline; font-family: times new roman; font-size: 10pt"><div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;"><div style="display: inline; font-weight: bold;">Note <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">1</div></div><div style="display: inline; font-weight: bold;">. N</div><div style="display: inline; font-weight: bold;">ature of Operations </div></div> <div style=" font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"> </div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">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 (“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. SweetDuet® (“SD”) frozen yogurt can be added as an additional brand in a BAB or MFM location. Operations was formed in <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">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 in <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">1999,</div> and any branded wholesale business uses this trademark. Investments was incorporated in <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">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 style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;"> </div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">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 trade names. At <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> February 28, 2018, </div>the Company had <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">80</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;">23</div> states and the United Arab Emirates. There are <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">3</div> units under development. 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 results. For franchise consistency and convenience, the Sign Shop provided 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, build charts, interior and exterior signage and point of purchase materials. Beginning <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> December 2017, </div>a majority of franchise signage and point of sale materials is being outsourced to a printer that will be able to provide consistency and convenience to the franchisees. Outsourcing signage will <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">not</div> have a material effect on revenues or net income.</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;"> </div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">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. 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® 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 style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;"> </div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">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 style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;"> </div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">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, 2017 </div>which was filed <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> February 26, 2018. </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 style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"></div></div></div> | |
| CY2018Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-145270 | |
| CY2017Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-145271 | |
| CY2018Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-4246 | |
| CY2017Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-4915 | |
| CY2018Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
156425 | |
| CY2017Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-82674 | |
| CY2018Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
100830 | |
| CY2017Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
52716 | |
| CY2018Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
100830 | |
| CY2017Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
52716 | |
| CY2018Q1 | us-gaap |
Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
|
23 | |
| CY2018Q1 | us-gaap |
Number Of Stores
NumberOfStores
|
86 | |
| CY2018Q1 | us-gaap |
Occupancy Costs
OccupancyCosts
|
39839 | |
| CY2017Q1 | us-gaap |
Occupancy Costs
OccupancyCosts
|
45861 | |
| CY2018Q1 | us-gaap |
Operating Expenses
OperatingExpenses
|
384661 | |
| CY2017Q1 | us-gaap |
Operating Expenses
OperatingExpenses
|
440037 | |
| CY2018Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
115806 | |
| CY2017Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
52684 | |
| CY2018Q1 | us-gaap |
Other General Expense
OtherGeneralExpense
|
38460 | |
| CY2017Q1 | us-gaap |
Other General Expense
OtherGeneralExpense
|
36195 | |
| CY2018Q1 | us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
145270 | |
| CY2017Q1 | us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
145271 | |
| CY2018Q1 | us-gaap |
Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
|
4246 | |
| CY2017Q1 | us-gaap |
Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
|
||
| CY2018Q1 | us-gaap |
Payments To Acquire Machinery And Equipment
PaymentsToAcquireMachineryAndEquipment
|
||
| CY2017Q1 | us-gaap |
Payments To Acquire Machinery And Equipment
PaymentsToAcquireMachineryAndEquipment
|
4915 | |
| CY2018Q1 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.001 | |
| CY2017Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.001 | |
| CY2018Q1 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
4000000 | |
| CY2017Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
4000000 | |
| CY2018Q1 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | |
| CY2017Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | |
| CY2018Q1 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
||
| CY2017Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
||
| CY2018Q1 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
79156 | |
| CY2017Q4 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
85770 | |
| CY2018Q1 | us-gaap |
Professional Fees
ProfessionalFees
|
61309 | |
| CY2017Q1 | us-gaap |
Professional Fees
ProfessionalFees
|
50321 | |
| CY2018Q1 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
1685 | |
| CY2017Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
5515 | |
| CY2018Q1 | us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
-1163 | |
| CY2017Q1 | us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
-1491 | |
| CY2018Q1 | us-gaap |
Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
|
682076 | |
| CY2017Q4 | us-gaap |
Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
|
693425 | |
| CY2018Q1 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-11461588 | |
| CY2017Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-11417148 | |
| CY2018Q1 | us-gaap |
Revenues
Revenues
|
500467 | |
| CY2017Q1 | us-gaap |
Revenues
Revenues
|
492721 | |
| CY2018Q1 | us-gaap |
Royalty Revenue
RoyaltyRevenue
|
385051 | |
| CY2017Q1 | us-gaap |
Royalty Revenue
RoyaltyRevenue
|
400261 | |
| CY2018Q1 | us-gaap |
Salaries Wages And Officers Compensation
SalariesWagesAndOfficersCompensation
|
207362 | |
| CY2017Q1 | us-gaap |
Salaries Wages And Officers Compensation
SalariesWagesAndOfficersCompensation
|
247077 | |
| CY2018Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
2810922 | |
| CY2017Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
2855362 | |
| CY2018Q1 | us-gaap |
Travel And Entertainment Expense
TravelAndEntertainmentExpense
|
9075 | |
| CY2017Q1 | us-gaap |
Travel And Entertainment Expense
TravelAndEntertainmentExpense
|
8726 | |
| CY2018Q1 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
222781 | |
| CY2017Q4 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
222781 | |
| CY2018Q1 | us-gaap |
Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
|
-193000 | |
| CY2018Q1 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
7263508 | |
| CY2017Q1 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
7263508 |
