2017 Q1 Form 10-Q Financial Statement
#000143774917009271 Filed on May 15, 2017
Income Statement
Concept | 2017 Q1 | 2016 Q1 |
---|---|---|
Revenue | $1.418M | $430.6K |
YoY Change | 229.39% | -33.64% |
Cost Of Revenue | $660.9K | $111.8K |
YoY Change | 490.92% | -19.74% |
Gross Profit | $757.4K | $318.7K |
YoY Change | 137.62% | -37.44% |
Gross Profit Margin | 53.4% | 74.02% |
Selling, General & Admin | $1.620M | $992.5K |
YoY Change | 63.24% | -4.63% |
% of Gross Profit | 213.91% | 311.39% |
Research & Development | $493.4K | $489.4K |
YoY Change | 0.83% | 20.35% |
% of Gross Profit | 65.15% | 153.54% |
Depreciation & Amortization | $7.819K | $11.52K |
YoY Change | -32.11% | 8.6% |
% of Gross Profit | 1.03% | 3.61% |
Operating Expenses | $2.114M | $1.482M |
YoY Change | 42.62% | 2.39% |
Operating Profit | -$1.356M | -$1.163M |
YoY Change | 16.59% | 24.03% |
Interest Expense | $0.00 | $0.00 |
YoY Change | -100.0% | |
% of Operating Profit | ||
Other Income/Expense, Net | $6.00 | -$32.00 |
YoY Change | -118.75% | -100.23% |
Pretax Income | -$1.360M | -$1.160M |
YoY Change | 17.24% | 26.09% |
Income Tax | $912.00 | |
% Of Pretax Income | ||
Net Earnings | -$1.356M | -$1.163M |
YoY Change | 16.59% | 25.87% |
Net Earnings / Revenue | -95.62% | -270.14% |
Basic Earnings Per Share | ||
Diluted Earnings Per Share | -$1.789M | -$1.681M |
COMMON SHARES | ||
Basic Shares Outstanding | 6.097M | |
Diluted Shares Outstanding |
Balance Sheet
Concept | 2017 Q1 | 2016 Q1 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $1.160M | $3.470M |
YoY Change | -66.57% | 1056.67% |
Cash & Equivalents | $1.158M | $3.475M |
Short-Term Investments | ||
Other Short-Term Assets | $117.9K | $147.1K |
YoY Change | -19.86% | 33.73% |
Inventory | $571.0K | $458.9K |
Prepaid Expenses | ||
Receivables | $562.5K | $2.224M |
Other Receivables | $120.0K | $150.0K |
Total Short-Term Assets | $4.407M | $11.40M |
YoY Change | -61.36% | 842.56% |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $60.00K | $71.65K |
YoY Change | -16.26% | -20.39% |
Goodwill | ||
YoY Change | ||
Intangibles | $144.6K | $144.3K |
YoY Change | 0.2% | |
Long-Term Investments | ||
YoY Change | ||
Other Assets | $10.00K | $10.00K |
YoY Change | 0.0% | 0.0% |
Total Long-Term Assets | $11.22M | $7.225M |
YoY Change | 55.26% | 2678.73% |
TOTAL ASSETS | ||
Total Short-Term Assets | $4.407M | $11.40M |
Total Long-Term Assets | $11.22M | $7.225M |
Total Assets | $15.62M | $18.63M |
YoY Change | -16.13% | 1167.32% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $153.7K | $628.6K |
YoY Change | -75.55% | 49.67% |
Accrued Expenses | $380.0K | $312.1K |
YoY Change | 21.77% | -33.6% |
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | $0.00 | $0.00 |
YoY Change | ||
Long-Term Debt Due | ||
YoY Change | ||
Total Short-Term Liabilities | $1.625M | $1.701M |
YoY Change | -4.45% | 14.16% |
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 | $1.625M | $1.701M |
Total Long-Term Liabilities | $0.00 | $0.00 |
Total Liabilities | $1.625M | $1.701M |
YoY Change | -4.45% | 14.16% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | -$64.16M | -$59.77M |
YoY Change | 7.33% | |
Common Stock | $610.00 | $6.620K |
YoY Change | -90.79% | |
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | ||
YoY Change | ||
Treasury Stock Shares | ||
Shareholders Equity | $14.00M | $16.93M |
YoY Change | ||
Total Liabilities & Shareholders Equity | $15.62M | $18.63M |
YoY Change | -16.13% | 1167.32% |
Cashflow Statement
Concept | 2017 Q1 | 2016 Q1 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | -$1.356M | -$1.163M |
YoY Change | 16.59% | 25.87% |
Depreciation, Depletion And Amortization | $7.819K | $11.52K |
YoY Change | -32.11% | 8.6% |
Cash From Operating Activities | $117.0K | -$661.6K |
YoY Change | -117.68% | 27.42% |
INVESTING ACTIVITIES | ||
Capital Expenditures | $13.89K | $19.29K |
YoY Change | -27.97% | |
Acquisitions | ||
YoY Change | ||
Other Investing Activities | ||
YoY Change | ||
Cash From Investing Activities | -$13.89K | -$19.29K |
YoY Change | -27.97% | |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | ||
YoY Change | ||
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | -5.946K | -165.6K |
YoY Change | -96.41% | 691.83% |
NET CHANGE | ||
Cash From Operating Activities | 117.0K | -661.6K |
Cash From Investing Activities | -13.89K | -19.29K |
Cash From Financing Activities | -5.946K | -165.6K |
Net Change In Cash | 97.11K | -846.4K |
YoY Change | -111.47% | 56.71% |
FREE CASH FLOW | ||
Cash From Operating Activities | $117.0K | -$661.6K |
Capital Expenditures | $13.89K | $19.29K |
Free Cash Flow | $103.1K | -$680.9K |
YoY Change | -115.14% | 31.13% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2017Q1 | bkyi |
Amortization Of Software License Rights
AmortizationOfSoftwareLicenseRights
|
341160 | |
CY2016Q1 | bkyi |
Amortization Of Software License Rights
AmortizationOfSoftwareLicenseRights
|
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Class Of Warrant Or Right Nonemployee Compensation Expense
ClassOfWarrantOrRightNonemployeeCompensationExpense
|
11625 | |
CY2017Q1 | bkyi |
Expected Operational Costs Per Month
ExpectedOperationalCostsPerMonth
|
592000 | |
CY2017Q1 | bkyi |
Factored Accounts Receivable Factored Amount
FactoredAccountsReceivableFactoredAmount
|
353671 | |
CY2016Q1 | bkyi |
Factored Accounts Receivable Factored Amount
FactoredAccountsReceivableFactoredAmount
|
160918 | |
CY2017Q1 | bkyi |
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FactoredAccountsReceivableOriginalInvoiceValue
|
471562 | |
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|
214556 | |
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|
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Increase Decrease In Software License Rights
IncreaseDecreaseInSoftwareLicenseRights
|
-53628 | |
CY2016Q1 | bkyi |
Increase Decrease In Software License Rights
IncreaseDecreaseInSoftwareLicenseRights
|
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CY2017Q1 | bkyi |
Percentage Of Remaining Balance Owned Reserved
PercentageOfRemainingBalanceOwnedReserved
|
0.48 | |
CY2017Q1 | bkyi |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Fair Value Amount
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodFairValueAmount
|
2660122 | |
CY2017Q1 | bkyi |
Software License Rights Current
SoftwareLicenseRightsCurrent
|
1830000 | |
CY2016Q4 | bkyi |
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|
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CY2017Q1 | bkyi |
Software License Rights Noncurrent
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|
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Sotware License Rights
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|
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|
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Stock Based Fees To Directors And Consulants
StockBasedFeesToDirectorsAndConsulants
|
5003 | |
CY2016Q1 | bkyi |
Stock Based Fees To Directors And Consulants
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|
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Term Of Warrant
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|
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Accounts And Other Receivables Net Current
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|
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CY2017Q1 | us-gaap |
Accounts Payable Current
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|
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|
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|
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|
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|
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Accounts Receivable Gross Noncurrent
AccountsReceivableGrossNoncurrent
|
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Accounts Receivable Gross Noncurrent
AccountsReceivableGrossNoncurrent
|
2070000 | |
CY2017Q1 | us-gaap |
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|
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CY2017Q1 | us-gaap |
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Allocated Share Based Compensation Expense
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Allocated Share Based Compensation Expense
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|
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Allowance For Doubtful Accounts Receivable Current
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|
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Allowance For Doubtful Accounts Receivable Noncurrent
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Allowance For Doubtful Accounts Receivable Noncurrent
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Amortization Of Intangible Assets
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Amortization Of Intangible Assets
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|
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Assets
|
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Assets
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Cash And Cash Equivalents At Carrying Value
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|
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|
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Cash And Cash Equivalents Period Increase Decrease
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|
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Cash And Cash Equivalents Period Increase Decrease
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|
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|
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Commitments And Contingencies
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|
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|
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Common Stock Par Or Stated Value Per Share
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|
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Common Stock Par Or Stated Value Per Share
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|
0.0001 | |
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Common Stock Shares Authorized
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|
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|
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|
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|
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|
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|
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Cost Of Revenue
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|
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|
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|
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|
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|
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Depreciation
Depreciation
|
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|
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|
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|
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|
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Earnings Per Share Basic And Diluted
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|
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Earnings Per Share Basic And Diluted
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|
-0.25 | |
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Gain Loss On Derivative Instruments Net Pretax
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|
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Gain Loss On Derivative Instruments Net Pretax
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|
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Gain Loss On Sale Of Derivatives
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|
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|
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Gross Profit
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|
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Gross Profit
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|
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Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
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Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
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Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
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Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
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Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
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Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
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Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
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Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
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Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
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Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
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CY2017Q1 | us-gaap |
Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
|
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CY2016Q1 | us-gaap |
Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
|
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Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
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CY2016Q1 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
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CY2017Q1 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
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Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
134132 | |
CY2017Q1 | us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
6 | |
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Interest Income Expense Net
InterestIncomeExpenseNet
|
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Interest Paid
InterestPaid
|
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Interest Paid
InterestPaid
|
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Net Cash Provided By Used In Investing Activities Continuing Operations
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|
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Net Cash Provided By Used In Operating Activities Continuing Operations
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|
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Net Cash Provided By Used In Operating Activities Continuing Operations
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|
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Net Income Loss
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|
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Net Income Loss
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|
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Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
|
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Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
|
381762 | |
CY2017Q1 | us-gaap |
Inventory Net
InventoryNet
|
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CY2016Q4 | us-gaap |
Inventory Net
InventoryNet
|
465428 | |
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Inventory Raw Materials And Supplies Net Of Reserves
InventoryRawMaterialsAndSuppliesNetOfReserves
|
380302 | |
CY2016Q4 | us-gaap |
Inventory Raw Materials And Supplies Net Of Reserves
InventoryRawMaterialsAndSuppliesNetOfReserves
|
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Liabilities
Liabilities
|
1625320 | |
CY2016Q4 | us-gaap |
Liabilities
Liabilities
|
1836477 | |
CY2017Q1 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
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Liabilities And Stockholders Equity
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|
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Liabilities Current
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|
1625320 | |
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Liabilities Current
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|
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License Costs
LicenseCosts
|
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License Costs
LicenseCosts
|
56066 | |
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Net Cash Provided By Used In Financing Activities Continuing Operations
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|
-5946 | |
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Net Cash Provided By Used In Financing Activities Continuing Operations
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|
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Net Cash Provided By Used In Investing Activities Continuing Operations
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|
-13893 | |
CY2017Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
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CY2016Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-1363839 | |
CY2017Q1 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
6 | |
CY2016Q1 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-32 | |
CY2017Q1 | us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
1 | |
CY2017Q1 | us-gaap |
Operating Expenses
OperatingExpenses
|
2113594 | |
CY2016Q1 | us-gaap |
Operating Expenses
OperatingExpenses
|
1481926 | |
CY2017Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-1356193 | |
CY2016Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-1163182 | |
CY2017Q1 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
117891 | |
CY2016Q4 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
53638 | |
CY2017Q1 | us-gaap |
Other Sales Revenue Net
OtherSalesRevenueNet
|
1097748 | |
CY2016Q1 | us-gaap |
Other Sales Revenue Net
OtherSalesRevenueNet
|
145866 | |
CY2017Q1 | us-gaap |
Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
|
||
CY2016Q1 | us-gaap |
Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
|
133851 | |
CY2017Q1 | us-gaap |
Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
|
5946 | |
CY2016Q1 | us-gaap |
Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
|
31704 | |
CY2017Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
13893 | |
CY2016Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
19287 | |
CY2015Q4 | us-gaap |
Payments To Acquire Software
PaymentsToAcquireSoftware
|
180000 | |
CY2017Q1 | us-gaap |
Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
|
200625 | |
CY2016Q1 | us-gaap |
Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
|
200625 | |
CY2017Q1 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.0001 | |
CY2017Q1 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
5000000 | |
CY2017Q1 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
167348 | |
CY2016Q4 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
206677 | |
CY2017Q1 | us-gaap |
Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
|
<div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style=" TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif"><div style="display: inline; font-style: italic;">Reclassification</div></div></div> <div style=" TEXT-ALIGN: justify; MARGIN: 0pt 7.2pt 0pt 0pt; LINE-HEIGHT: 1.25"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif"> </div></div> <div style=" TEXT-ALIGN: justify; MARGIN: 0pt 7.2pt 0pt 0pt; LINE-HEIGHT: 1.25"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">Reclassifications occurred to certain prior year amounts in order to conform to the current year classifications. The reclassifications have no effect on the reported net loss.</div></div></div></div></div></div></div></div> | |
CY2017Q1 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
59995 | |
CY2016Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
67814 | |
CY2017Q1 | us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
500000 | |
CY2016Q1 | us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
||
CY2017Q1 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
493444 | |
CY2016Q1 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
489401 | |
CY2017Q1 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-64157342 | |
CY2016Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-62801154 | |
CY2017Q1 | us-gaap |
Revenues
Revenues
|
1418335 | |
CY2016Q1 | us-gaap |
Revenues
Revenues
|
430592 | |
CY2017Q1 | us-gaap |
Sales Revenue Services Net
SalesRevenueServicesNet
|
320587 | |
CY2016Q1 | us-gaap |
Sales Revenue Services Net
SalesRevenueServicesNet
|
284726 | |
CY2017Q1 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
1620150 | |
CY2016Q1 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
992525 | |
CY2017Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
156086 | |
CY2016Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
158363 | |
CY2017Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
13998719 | |
CY2016Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
15452888 | |
CY2017Q1 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
6094955 | |
CY2016Q1 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
5510381 |