$BABB
BAB, INC.

2018 Q3 Form 10-Q Financial Statement

#000143774918018227 Filed on October 12, 2018

View on sec.gov

Income Statement

Concept 2018 Q3 2017 Q3
Revenue $556.2K $563.8K
YoY Change -1.35% -8.49%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $340.0K $390.0K
YoY Change -12.82% 0.0%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $0.00 $0.00
YoY Change -100.0%
% of Gross Profit
Operating Expenses $383.7K $431.8K
YoY Change -11.15% -4.17%
Operating Profit $172.5K $132.0K
YoY Change 30.66% -20.24%
Interest Expense $0.00
YoY Change
% of Operating Profit 0.0%
Other Income/Expense, Net
YoY Change
Pretax Income $172.6K $132.1K
YoY Change 30.65% -20.07%
Income Tax
% Of Pretax Income
Net Earnings $172.6K $132.1K
YoY Change 30.65% -20.07%
Net Earnings / Revenue 31.02% 23.42%
Basic Earnings Per Share
Diluted Earnings Per Share $23.42K $17.91K
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2018 Q3 2017 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $950.0K $750.0K
YoY Change 26.67% -8.54%
Cash & Equivalents $948.8K $745.7K
Short-Term Investments
Other Short-Term Assets $660.0K $800.0K
YoY Change -17.5% 15.94%
Inventory $0.00 $30.00K
Prepaid Expenses
Receivables $75.68K $54.35K
Other Receivables $10.00K $20.00K
Total Short-Term Assets $1.710M $1.638M
YoY Change 4.4% 1.93%
LONG-TERM ASSETS
Property, Plant & Equipment $1.322K $4.254K
YoY Change -68.92% 159.23%
Goodwill $1.494M $1.494M
YoY Change 0.0% 0.0%
Intangibles $459.6K $459.6K
YoY Change 0.0% 0.98%
Long-Term Investments
YoY Change
Other Assets $250.0K $250.0K
YoY Change 0.0% 0.0%
Total Long-Term Assets $2.209M $2.206M
YoY Change 0.17% -0.3%
TOTAL ASSETS
Total Short-Term Assets $1.710M $1.638M
Total Long-Term Assets $2.209M $2.206M
Total Assets $3.920M $3.844M
YoY Change 1.97% 0.64%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $40.21K $39.67K
YoY Change 1.38% 189.34%
Accrued Expenses $260.0K $270.0K
YoY Change -3.7% -10.0%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $903.7K $1.049M
YoY Change -13.85% 0.32%
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 $903.7K $1.049M
Total Long-Term Liabilities $0.00 $0.00
Total Liabilities $900.0K $1.050M
YoY Change -14.29% 0.0%
SHAREHOLDERS EQUITY
Retained Earnings -$11.26M -$11.48M
YoY Change -1.93% -0.18%
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 $3.016M $2.795M
YoY Change
Total Liabilities & Shareholders Equity $3.920M $3.844M
YoY Change 1.97% 0.64%

Cashflow Statement

Concept 2018 Q3 2017 Q3
OPERATING ACTIVITIES
Net Income $172.6K $132.1K
YoY Change 30.65% -20.07%
Depreciation, Depletion And Amortization $0.00 $0.00
YoY Change -100.0%
Cash From Operating Activities $250.0K $70.00K
YoY Change 257.14% -53.33%
INVESTING ACTIVITIES
Capital Expenditures $0.00 $0.00
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$10.00K $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 250.0K 70.00K
Cash From Investing Activities -10.00K 0.000
Cash From Financing Activities -70.00K -70.00K
Net Change In Cash 170.0K 0.00000000001455
YoY Change 1168231104512000000.0% -100.0%
FREE CASH FLOW
Cash From Operating Activities $250.0K $70.00K
Capital Expenditures $0.00 $0.00
Free Cash Flow $250.0K $70.00K
YoY Change 257.14%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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us-gaap Description Of New Accounting Pronouncements Not Yet Adopted
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<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> Recent Accounting Pronouncements </div></div> <div style=" font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</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&#x2019;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;">&nbsp;</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.&nbsp; 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;">&nbsp;</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.&nbsp; 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.&nbsp; 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;">&nbsp;</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.&nbsp; The Company is planning on early adoption of this standard at the commencement of the new lease beginning <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> October 1, 2018.&nbsp; </div>The Company will classify the new office lease as an operating lease. The adoption of 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> is expected to increase the Company&#x2019;s total assets and liabilities by approximately <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">$500,000</div></div> based on a discounted calculation of the future lease payments, as of <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> October 1, 2018. </div>A discount rate of <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">4%</div> is used for the present value calculation of the future lease payments. The Company expects the impact on the results of its operations to equal the amortization of the asset, net of the present value discount, on a straight line basis over the lease term.</div> <div style=" font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</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;">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>&nbsp;Liabilities &#x2013; 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&#x2019;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;">&nbsp;</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;"> August 31, 2018 </div>that would have or are expected to have any significant effect on the Company&#x2019;s financial position, cash flows or results of operations.</div></div>
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us-gaap Interest Paid Net
InterestPaidNet
us-gaap Interest Paid Net
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CY2018Q3 us-gaap Inventory Gross
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CY2017Q4 us-gaap Inventory Gross
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19761
CY2018Q3 us-gaap Investment Income Interest
InvestmentIncomeInterest
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CY2017Q3 us-gaap Investment Income Interest
InvestmentIncomeInterest
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us-gaap Investment Income Interest
InvestmentIncomeInterest
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us-gaap Investment Income Interest
InvestmentIncomeInterest
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CY2018Q3 us-gaap Lessee Operating Lease Discount Rate
LesseeOperatingLeaseDiscountRate
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CY2018Q3 us-gaap Liabilities And Stockholders Equity
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CY2017Q4 us-gaap Liabilities And Stockholders Equity
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CY2018Q3 us-gaap Liabilities Current
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CY2017Q4 us-gaap Liabilities Current
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CY2018Q3 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
875
CY2017Q3 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
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us-gaap Marketing And Advertising Expense
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us-gaap Marketing And Advertising Expense
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us-gaap Nature Of Operations
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<div style="display: inline; font-family: times new roman; font-size: 10pt"><div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt;"><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 style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt;">&nbsp;</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">BAB, Inc. (&#x201c;the Company&#x201d;) has <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">three</div> wholly owned subsidiaries: BAB Systems, Inc. (&#x201c;Systems&#x201d;), BAB Operations, Inc. (&#x201c;Operations&#x201d;) and BAB Investments, Inc (&#x201c;Investments&#x201d;). 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&reg; (&#x201c;BAB&#x201d;) specialty bagel retail stores. My Favorite Muffin&reg; (&#x201c;MFM&#x201d;), 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&#x2019;s&reg; Coffee (&#x201c;Brewster&#x2019;s&#x201d;) 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 (&#x201c;SD&#x201d;) 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&reg; (&#x201c;Jacobs Bros.&#x201d;) 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 style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">&nbsp;</div> <div style=" font-family: &quot;Times New Roman&quot;, 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.&nbsp; </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;"> August 31, 2018, </div>the Company had <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">79</div> franchise units and <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">4</div> licensed units in operation in <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">24</div> states and the United Arab Emirates.&nbsp; 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.&nbsp; Also, included in licensing fees and other income is Operations Sign Shop results.&nbsp; 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.&nbsp; 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.&nbsp; The printer will be independently billing and collecting funds from the franchisee, but the outsourcing of 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.&nbsp;</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">&nbsp;</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 &#x201c;Big Apple Bagels,&#x201d; 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.&nbsp; 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&reg;," featuring these products as well as a variety of specialty bagel sandwiches and related products.&nbsp; The SweetDuet Frozen Yogurt &amp; Gourmet Muffins&reg; brand is a fusion concept, pairing self-serve frozen yogurt with MFM&#x2019;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. &nbsp;&nbsp;&nbsp;</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">&nbsp;</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;">&nbsp;</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.&nbsp; 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.&nbsp; </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;">&nbsp;</div></div></div>
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-290540
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-290541
us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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CY2018Q3 us-gaap Net Income Loss
NetIncomeLoss
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CY2017Q3 us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Net Income Loss
NetIncomeLoss
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CY2018Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
172555
CY2017Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
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us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
450935
us-gaap Net Income Loss Available To Common Stockholders Basic
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320801
CY2018Q3 us-gaap Number Of Stores
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CY2018Q3 us-gaap Operating Expenses
OperatingExpenses
383650
CY2017Q3 us-gaap Operating Expenses
OperatingExpenses
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us-gaap Operating Expenses
OperatingExpenses
1151255
us-gaap Operating Expenses
OperatingExpenses
1343711
CY2018Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
172538
CY2017Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
132049
us-gaap Operating Income Loss
OperatingIncomeLoss
465871
us-gaap Operating Income Loss
OperatingIncomeLoss
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CY2018Q3 us-gaap Other General Expense
OtherGeneralExpense
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CY2017Q3 us-gaap Other General Expense
OtherGeneralExpense
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us-gaap Other General Expense
OtherGeneralExpense
133569
us-gaap Other General Expense
OtherGeneralExpense
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us-gaap Payments Of Dividends
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us-gaap Payments Of Dividends
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us-gaap Payments To Acquire Intangible Assets
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us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
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us-gaap Payments To Acquire Machinery And Equipment
PaymentsToAcquireMachineryAndEquipment
us-gaap Payments To Acquire Machinery And Equipment
PaymentsToAcquireMachineryAndEquipment
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CY2018Q3 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
CY2018Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
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CY2017Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
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CY2018Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
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CY2017Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
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CY2018Q3 us-gaap Preferred Stock Value
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CY2017Q4 us-gaap Preferred Stock Value
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CY2018Q3 us-gaap Prepaid Expense And Other Assets Current
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93891
CY2017Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
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CY2018Q3 us-gaap Professional Fees
ProfessionalFees
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CY2017Q3 us-gaap Professional Fees
ProfessionalFees
29079
us-gaap Professional Fees
ProfessionalFees
104287
us-gaap Professional Fees
ProfessionalFees
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CY2018Q3 us-gaap Property Plant And Equipment Net
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1322
CY2017Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
5515
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-3210
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-5001
CY2018Q3 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
571882
CY2017Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
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CY2018Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-11256753
CY2017Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
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CY2018Q3 us-gaap Revenues
Revenues
556188
CY2017Q3 us-gaap Revenues
Revenues
563827
us-gaap Revenues
Revenues
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us-gaap Revenues
Revenues
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CY2018Q3 us-gaap Salaries Wages And Officers Compensation
SalariesWagesAndOfficersCompensation
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CY2017Q3 us-gaap Salaries Wages And Officers Compensation
SalariesWagesAndOfficersCompensation
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us-gaap Salaries Wages And Officers Compensation
SalariesWagesAndOfficersCompensation
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us-gaap Salaries Wages And Officers Compensation
SalariesWagesAndOfficersCompensation
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CY2018Q3 us-gaap Stockholders Equity
StockholdersEquity
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CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
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CY2018Q3 us-gaap Travel And Entertainment Expense
TravelAndEntertainmentExpense
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CY2017Q3 us-gaap Travel And Entertainment Expense
TravelAndEntertainmentExpense
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us-gaap Travel And Entertainment Expense
TravelAndEntertainmentExpense
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us-gaap Travel And Entertainment Expense
TravelAndEntertainmentExpense
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CY2018Q3 us-gaap Treasury Stock Value
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CY2017Q4 us-gaap Treasury Stock Value
TreasuryStockValue
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CY2018Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
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CY2017Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
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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

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