2017 Q2 Form 10-Q Financial Statement

#000114420417042698 Filed on August 14, 2017

View on sec.gov

Income Statement

Concept 2017 Q2 2016 Q4 2016 Q2
Revenue $6.160M $5.450M $5.682M
YoY Change 8.41% 4.61% 7.55%
Cost Of Revenue $4.040M $3.680M $3.205M
YoY Change 26.05% -22.53% -14.46%
Gross Profit $2.130M $1.770M $2.477M
YoY Change -14.01% 276.6% 61.26%
Gross Profit Margin 34.58% 32.48% 43.59%
Selling, General & Admin $1.620M $1.420M $1.548M
YoY Change 4.65% -18.86% -14.0%
% of Gross Profit 76.06% 80.23% 62.49%
Research & Development $644.0K $640.0K $694.0K
YoY Change -7.2% -12.33% -24.97%
% of Gross Profit 30.23% 36.16% 28.02%
Depreciation & Amortization $170.0K $220.0K $260.0K
YoY Change -34.62% -29.03% -13.33%
% of Gross Profit 7.98% 12.43% 10.5%
Operating Expenses $2.263M $2.060M $2.242M
YoY Change 0.94% -16.94% -17.69%
Operating Profit -$138.0K -$290.0K $235.0K
YoY Change -158.72% -85.57% -119.78%
Interest Expense $93.00K -$20.00K -$90.00K
YoY Change -203.33% -75.0% -221.62%
% of Operating Profit -38.3%
Other Income/Expense, Net
YoY Change
Pretax Income -$231.0K -$310.0K $73.00K
YoY Change -416.44% -85.17% -105.78%
Income Tax $0.00 $30.00K $0.00
% Of Pretax Income 0.0%
Net Earnings -$231.0K -$340.0K $73.00K
YoY Change -416.44% -84.11% -105.78%
Net Earnings / Revenue -3.75% -6.24% 1.28%
Basic Earnings Per Share
Diluted Earnings Per Share -$0.03 -$0.04 $0.01
COMMON SHARES
Basic Shares Outstanding 8.122M shares 8.098M shares 7.029M shares
Diluted Shares Outstanding 7.036M shares

Balance Sheet

Concept 2017 Q2 2016 Q4 2016 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $360.0K $470.0K $310.0K
YoY Change 16.13% 4600.0% 933.33%
Cash & Equivalents $361.0K $468.0K $307.0K
Short-Term Investments
Other Short-Term Assets $260.0K $280.0K $310.0K
YoY Change -16.13% 0.0% -13.89%
Inventory $5.305M $5.064M $5.480M
Prepaid Expenses
Receivables $2.344M $2.273M $2.450M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $8.274M $8.080M $8.540M
YoY Change -3.11% -2.8% -23.48%
LONG-TERM ASSETS
Property, Plant & Equipment $3.160M $3.279M $3.390M
YoY Change -6.78% -9.44% -11.95%
Goodwill $493.0K $493.0K
YoY Change 0.0%
Intangibles $117.0K
YoY Change -74.45%
Long-Term Investments
YoY Change
Other Assets $380.0K $428.0K $1.180M
YoY Change -67.8% 265.81% -47.32%
Total Long-Term Assets $6.440M $6.920M $7.021M
YoY Change -8.28% -12.59% -23.96%
TOTAL ASSETS
Total Short-Term Assets $8.274M $8.080M $8.540M
Total Long-Term Assets $6.440M $6.920M $7.021M
Total Assets $14.71M $15.00M $15.56M
YoY Change -5.44% -7.58% -23.69%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.240M $1.390M $870.0K
YoY Change 42.53% 0.22% -48.82%
Accrued Expenses $720.0K $600.0K $760.0K
YoY Change -5.26% -37.5% -6.17%
Deferred Revenue
YoY Change
Short-Term Debt $1.970M $2.120M $2.230M
YoY Change -11.66% -20.3% -21.75%
Long-Term Debt Due $246.0K $228.0K $3.490M
YoY Change -92.95% -93.67% -6.68%
Total Short-Term Liabilities $4.176M $4.616M $7.610M
YoY Change -45.12% -46.46% -16.56%
LONG-TERM LIABILITIES
Long-Term Debt $3.211M $3.335M $350.0K
YoY Change 817.43% 33250.0% 3400.0%
Other Long-Term Liabilities $0.00 $0.00
YoY Change
Total Long-Term Liabilities $3.211M $3.335M $350.0K
YoY Change 817.43% 33250.0% 3400.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.176M $4.616M $7.610M
Total Long-Term Liabilities $3.211M $3.335M $350.0K
Total Liabilities $8.113M $8.466M $8.080M
YoY Change 0.41% -1.92% -12.46%
SHAREHOLDERS EQUITY
Retained Earnings -$17.67M -$17.18M
YoY Change 40.83%
Common Stock $26.69M $26.14M
YoY Change -0.87%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.149M $1.149M
YoY Change -79.61%
Treasury Stock Shares 342.0 shares 342.0 shares 1.071K shares
Shareholders Equity $6.601M $6.534M $7.480M
YoY Change
Total Liabilities & Shareholders Equity $14.71M $15.00M $15.56M
YoY Change -5.44% -7.58% -23.69%

Cashflow Statement

Concept 2017 Q2 2016 Q4 2016 Q2
OPERATING ACTIVITIES
Net Income -$231.0K -$340.0K $73.00K
YoY Change -416.44% -84.11% -105.78%
Depreciation, Depletion And Amortization $170.0K $220.0K $260.0K
YoY Change -34.62% -29.03% -13.33%
Cash From Operating Activities -$20.00K $10.00K $490.0K
YoY Change -104.08% -102.27% -173.13%
INVESTING ACTIVITIES
Capital Expenditures $30.00K -$30.00K $0.00
YoY Change -100.0%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$30.00K $30.00K $0.00
YoY Change -100.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -130.0K 210.0K -690.0K
YoY Change -81.16% 31.25% -163.89%
NET CHANGE
Cash From Operating Activities -20.00K 10.00K 490.0K
Cash From Investing Activities -30.00K 30.00K 0.000
Cash From Financing Activities -130.0K 210.0K -690.0K
Net Change In Cash -180.0K 250.0K -200.0K
YoY Change -10.0% -189.29% 150.0%
FREE CASH FLOW
Cash From Operating Activities -$20.00K $10.00K $490.0K
Capital Expenditures $30.00K -$30.00K $0.00
Free Cash Flow -$50.00K $40.00K $490.0K
YoY Change -110.2% -109.09% -142.24%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2016Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
3335000 USD
CY2017Q2 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
139000 USD
CY2017Q2 us-gaap Accounts Payable Current
AccountsPayableCurrent
1240000 USD
CY2016Q4 us-gaap Liabilities Current
LiabilitiesCurrent
4616000 USD
CY2017Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
3211000 USD
CY2017Q2 us-gaap Assets Current
AssetsCurrent
8274000 USD
CY2016Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
275000 USD
CY2017Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
264000 USD
CY2016Q4 us-gaap Inventory Net
InventoryNet
5064000 USD
CY2017Q2 us-gaap Inventory Net
InventoryNet
5305000 USD
CY2016Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
2273000 USD
CY2017Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
2344000 USD
CY2016Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
468000 USD
CY2017Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
361000 USD
CY2017Q2 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
398000 USD
CY2017Q2 us-gaap Pension And Other Postretirement Defined Benefit Plans Current Liabilities
PensionAndOtherPostretirementDefinedBenefitPlansCurrentLiabilities
101000 USD
CY2017Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
219000 USD
CY2016Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
197000 USD
CY2017Q2 us-gaap Liabilities Current
LiabilitiesCurrent
4176000 USD
CY2016Q4 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
139000 USD
CY2017Q2 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2016Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2017Q2 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2016Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2017Q2 us-gaap Common Stock Value
CommonStockValue
8000 USD
CY2016Q4 us-gaap Common Stock Value
CommonStockValue
8000 USD
CY2017Q2 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
26686000 USD
CY2016Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
26132000 USD
CY2017Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-17666000 USD
CY2016Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-17179000 USD
CY2017Q2 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
0 USD
CY2016Q2 us-gaap Selling Expense
SellingExpense
664000 USD
CY2016Q2 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-72000 USD
CY2017Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
988000 USD
CY2016Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
884000 USD
CY2017Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
644000 USD
CY2016Q4 us-gaap Convertible Subordinated Debt Noncurrent
ConvertibleSubordinatedDebtNoncurrent
376000 USD
CY2017Q2 us-gaap Stockholders Equity
StockholdersEquity
6601000 USD
CY2017Q2 us-gaap Inventory Noncurrent
InventoryNoncurrent
857000 USD
CY2016Q4 us-gaap Inventory Noncurrent
InventoryNoncurrent
991000 USD
CY2017Q2 us-gaap Liabilities
Liabilities
8113000 USD
CY2016Q4 us-gaap Liabilities
Liabilities
8466000 USD
CY2017Q2 us-gaap Interest Expense
InterestExpense
93000 USD
us-gaap Net Income Loss
NetIncomeLoss
-215000 USD
us-gaap Net Income Loss
NetIncomeLoss
-487000 USD
us-gaap Depreciation
Depreciation
163000 USD
CY2017Q2 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
0 USD
CY2016Q4 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
260000 USD
CY2017Q2 us-gaap Convertible Subordinated Debt Noncurrent
ConvertibleSubordinatedDebtNoncurrent
587000 USD
us-gaap Depreciation
Depreciation
233000 USD
us-gaap Adjustment For Amortization
AdjustmentForAmortization
204000 USD
us-gaap Adjustment For Amortization
AdjustmentForAmortization
286000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
152000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
77000 USD
CY2017Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-1278000 USD
CY2016Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-1278000 USD
CY2017Q2 us-gaap Treasury Stock Value
TreasuryStockValue
1149000 USD
us-gaap Inventory Write Down
InventoryWriteDown
-23000 USD
CY2016Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
117000 USD
CY2017Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
1527000 USD
CY2016Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
1612000 USD
us-gaap Inventory Write Down
InventoryWriteDown
-76000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
71000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
13000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
84000 USD
CY2017Q2 us-gaap Goodwill
Goodwill
493000 USD
CY2016Q4 us-gaap Goodwill
Goodwill
493000 USD
CY2017Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
380000 USD
CY2016Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
428000 USD
CY2017Q2 us-gaap Lines Of Credit Current
LinesOfCreditCurrent
1972000 USD
CY2016Q4 us-gaap Lines Of Credit Current
LinesOfCreditCurrent
2120000 USD
CY2017Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
246000 USD
CY2016Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
228000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-577000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-11000 USD
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-159000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-107000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
298000 USD
CY2015Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
9000 USD
CY2016Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
694000 USD
CY2017Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-138000 USD
CY2016Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
235000 USD
CY2017Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.03
CY2016Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.01
CY2016Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
307000 USD
us-gaap Interest Paid
InterestPaid
137000 USD
us-gaap Interest Paid
InterestPaid
152000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
0 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
0 USD
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
9000 USD
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
25000 USD
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-142000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
30000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-48000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-3000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-50000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-714000 USD
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
216000 USD
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
470000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
44000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
4000 USD
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-69000 USD
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-13000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
106000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
123000 USD
us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
-148000 USD
us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
-436000 USD
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-254000 USD
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-72000 USD
us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
0 USD
us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
400000 USD
us-gaap Interest Expense Other
InterestExpenseOther
211000 USD
us-gaap Interest Expense Other
InterestExpenseOther
21000 USD
CY2017Q2 us-gaap Inventory Raw Materials
InventoryRawMaterials
3751000 USD
CY2016Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
4001000 USD
CY2017Q2 us-gaap Inventory Work In Process
InventoryWorkInProcess
1740000 USD
CY2016Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
1860000 USD
CY2017Q2 us-gaap Inventory Finished Goods
InventoryFinishedGoods
3430000 USD
CY2016Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
4143000 USD
CY2017Q2 us-gaap Inventory Lifo Reserve
InventoryLIFOReserve
2759000 USD
CY2016Q4 us-gaap Inventory Lifo Reserve
InventoryLIFOReserve
3949000 USD
bdr Percentage Of Fifo Inventory Non Current For Finished Goods
PercentageOfFifoInventoryNonCurrentForFinishedGoods
0.6 pure
CY2017Q2 us-gaap Assets
Assets
14714000 USD
CY2016Q4 us-gaap Assets
Assets
15000000 USD
CY2017Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
14714000 USD
CY2016Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
15000000 USD
CY2017Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
180 USD
CY2016Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
180 USD
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 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 Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000 shares
CY2016Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000 shares
CY2017Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2016Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2017Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
25000 shares
CY2016Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
25000 shares
CY2017Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
8465 shares
CY2016Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
8465 shares
CY2017Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
8122 shares
CY2016Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
8122 shares
CY2017Q2 us-gaap Treasury Stock Shares
TreasuryStockShares
342 shares
CY2016Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
342 shares
CY2016Q2 us-gaap Operating Expenses
OperatingExpenses
2242000 USD
us-gaap Operating Expenses
OperatingExpenses
4498000 USD
us-gaap Operating Expenses
OperatingExpenses
4650000 USD
us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
12137000 USD
us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
11625000 USD
us-gaap Cost Of Goods Sold
CostOfGoodsSold
7611000 USD
us-gaap Cost Of Goods Sold
CostOfGoodsSold
6940000 USD
us-gaap Gross Profit
GrossProfit
4526000 USD
us-gaap Gross Profit
GrossProfit
4685000 USD
us-gaap Selling Expense
SellingExpense
1310000 USD
us-gaap Selling Expense
SellingExpense
1316000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
1916000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
1947000 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
1272000 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
1387000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
28000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
35000 USD
us-gaap Interest Expense
InterestExpense
373000 USD
us-gaap Interest Expense
InterestExpense
178000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 USD
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.06
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.03
us-gaap Use Of Estimates
UseOfEstimates
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt"> </div> <table style="BORDER-BOTTOM: 0px solid; BORDER-LEFT: 0px solid; LINE-HEIGHT: 115%; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt; BORDER-TOP: 0px solid; BORDER-RIGHT: 0px solid" border="0" cellspacing="0" cellpadding="0"> <tr> <td style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; WIDTH: 0.3pt; PADDING-RIGHT: 0in; PADDING-TOP: 0in" valign="top"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; WIDTH: 0.5in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" valign="top" width="48"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt; FONT-FAMILY: Times New Roman,serif; FONT-SIZE: 12pt"> <i><font style="FONT-SIZE: 10pt">(a)</font></i></div> </td> <td style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" valign="top"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt; FONT-FAMILY: Times New Roman,serif; FONT-SIZE: 12pt" align="justify"><i><font style="FONT-SIZE: 10pt">Use of Estimates</font></i></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">&#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The Company&#8217;s significant estimates include stock compensation and reserves related to accounts receivable, inventory and deferred tax assets. Actual results could differ from those estimates.</font></div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
us-gaap Derivatives Reporting Of Derivative Activity
DerivativesReportingOfDerivativeActivity
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt" align="justify"></div> <table style="BORDER-BOTTOM: 0px solid; BORDER-LEFT: 0px solid; LINE-HEIGHT: 115%; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt; BORDER-TOP: 0px solid; BORDER-RIGHT: 0px solid" border="0" cellspacing="0" cellpadding="0"> <tr> <td style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; WIDTH: 0.3pt; PADDING-RIGHT: 0in; PADDING-TOP: 0in" valign="top"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; WIDTH: 0.5in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" valign="top" width="48"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt; FONT-FAMILY: Times New Roman,serif; FONT-SIZE: 12pt"> <i><font style="FONT-SIZE: 10pt">(b)</font></i></div> </td> <td style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" valign="top"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt; FONT-FAMILY: Times New Roman,serif; FONT-SIZE: 12pt" align="justify"><i><font style="FONT-SIZE: 10pt">Derivative Financial Instruments</font></i></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><i><font style="FONT-SIZE: 10pt"> &#160;</font></i></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">The Company evaluates its convertible instruments to determine if those contracts or embedded components of those contracts qualify as derivative financial instruments to be separately accounted for in accordance with Topic 815 of the Financial Accounting Standards Board (&#8220;<b>FASB</b>&#8221;) Accounting Standards Codification (<b>&#8220;ASC</b>&#8221;). The accounting treatment of derivative financial instruments requires that the Company record the embedded conversion option at its fair value as of the inception date of the agreement and at fair value as of each subsequent balance sheet date. Any change in fair value is recorded as non-operating, non-cash income or expense for each reporting period at each balance sheet date. The Company reassesses the classification of its derivative instruments at each balance sheet date. If the classification changes as a result of events during the period, the contract is reclassified as of the date of the event that caused the reclassification.</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">&#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">The Black-Scholes Model (which approximates the Binomial Lattice Model) was used to estimate the fair value of the conversion options that is classified as a derivative liability on the condensed consolidated balance sheets (See Note 6). The model includes subjective input assumptions that can materially affect the fair value estimates. The expected volatility is estimated based on the most recent historical period of time equal to the weighted average life of the conversion options.</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">&#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">Conversion options are recorded as a discount to the host instrument and are amortized as interest expense over the life of the underlying instrument.</font></div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
CY2017Q2 us-gaap Inventory Gross
InventoryGross
8921000 USD
CY2016Q4 us-gaap Inventory Gross
InventoryGross
10004000 USD
CY2017Q2 bdr Inventory Value Before Reserves
InventoryValueBeforeReserves
3616000 USD
CY2016Q4 bdr Inventory Value Before Reserves
InventoryValueBeforeReserves
4940000 USD
CY2016 bdr Percentage Of Fifo Inventory Non Current For Finished Goods
PercentageOfFifoInventoryNonCurrentForFinishedGoods
0.68 pure
us-gaap Inventory Related Text
InventoryRelatedText
Inventories are stated at the lower of cost, determined by the first-in, first-out (&#8220;FIFO&#8221;) method, or net realizable value.
CY2017Q2 us-gaap Derivative Liabilities
DerivativeLiabilities
402000 USD
us-gaap Interest Expense Debt
InterestExpenseDebt
211000 USD
us-gaap Interest Expense Debt
InterestExpenseDebt
21000 USD
CY2017Q2 us-gaap Net Income Loss
NetIncomeLoss
-231000 USD
CY2016Q2 us-gaap Net Income Loss
NetIncomeLoss
73000 USD
CY2017Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-231000 USD
CY2016Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
73000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-487000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-215000 USD
bdr Paid In Kind Director Fee
PaidInKindDirectorFee
0 USD
bdr Paid In Kind Director Fee
PaidInKindDirectorFee
249000 USD
CY2017Q2 us-gaap Operating Expenses
OperatingExpenses
2263000 USD

Files In Submission

Name View Source Status
0001144204-17-042698-index-headers.html Edgar Link pending
0001144204-17-042698-index.html Edgar Link pending
0001144204-17-042698.txt Edgar Link pending
0001144204-17-042698-xbrl.zip Edgar Link pending
bdr-20170630.xml Edgar Link completed
bdr-20170630.xsd Edgar Link pending
bdr-20170630_cal.xml Edgar Link unprocessable
bdr-20170630_def.xml Edgar Link unprocessable
bdr-20170630_lab.xml Edgar Link unprocessable
bdr-20170630_pre.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R3.htm Edgar Link pending
R4.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
v472130_10q.htm Edgar Link pending
v472130_ex31-1.htm Edgar Link pending
v472130_ex31-2.htm Edgar Link pending
v472130_ex32-1.htm Edgar Link pending