$BKYI
BIO KEY INTERNATIONAL INC

2018 Q1 Form 10-Q Financial Statement

#000143774918010027 Filed on May 15, 2018

View on sec.gov

Income Statement

Concept 2018 Q1 2017 Q1
Revenue $841.5K $1.418M
YoY Change -40.67% 229.39%
Cost Of Revenue $1.179M $660.9K
YoY Change 78.45% 490.92%
Gross Profit -$338.0K $757.4K
YoY Change -144.62% 137.62%
Gross Profit Margin -40.17% 53.4%
Selling, General & Admin $1.462M $1.620M
YoY Change -9.77% 63.24%
% of Gross Profit 213.91%
Research & Development $392.2K $493.4K
YoY Change -20.53% 0.83%
% of Gross Profit 65.15%
Depreciation & Amortization $21.02K $7.819K
YoY Change 168.83% -32.11%
% of Gross Profit 1.03%
Operating Expenses $1.854M $2.114M
YoY Change -12.28% 42.62%
Operating Profit -$2.192M -$1.356M
YoY Change 61.63% 16.59%
Interest Expense $0.00 $0.00
YoY Change
% of Operating Profit
Other Income/Expense, Net $6.00 $6.00
YoY Change 0.0% -118.75%
Pretax Income -$2.190M -$1.360M
YoY Change 61.03% 17.24%
Income Tax
% Of Pretax Income
Net Earnings -$2.192M -$1.356M
YoY Change 61.63% 16.59%
Net Earnings / Revenue -260.5% -95.62%
Basic Earnings Per Share
Diluted Earnings Per Share -$2.235M -$1.789M
COMMON SHARES
Basic Shares Outstanding 6.097M
Diluted Shares Outstanding

Balance Sheet

Concept 2018 Q1 2017 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.300M $1.160M
YoY Change 12.07% -66.57%
Cash & Equivalents $1.300M $1.158M
Short-Term Investments
Other Short-Term Assets $54.05K $117.9K
YoY Change -54.16% -19.86%
Inventory $899.2K $571.0K
Prepaid Expenses
Receivables $305.2K $562.5K
Other Receivables $50.00K $120.0K
Total Short-Term Assets $5.455M $4.407M
YoY Change 23.78% -61.36%
LONG-TERM ASSETS
Property, Plant & Equipment $193.0K $60.00K
YoY Change 221.7% -16.26%
Goodwill
YoY Change
Intangibles $175.4K $144.6K
YoY Change 21.31% 0.2%
Long-Term Investments
YoY Change
Other Assets $370.0K $10.00K
YoY Change 3600.0% 0.0%
Total Long-Term Assets $8.679M $11.22M
YoY Change -22.63% 55.26%
TOTAL ASSETS
Total Short-Term Assets $5.455M $4.407M
Total Long-Term Assets $8.679M $11.22M
Total Assets $16.32M $15.62M
YoY Change 4.45% -16.13%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $253.0K $153.7K
YoY Change 64.61% -75.55%
Accrued Expenses $524.7K $380.0K
YoY Change 38.07% 21.77%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.522M $1.625M
YoY Change -6.38% -4.45%
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 $1.522M $1.625M
Total Long-Term Liabilities $0.00 $0.00
Total Liabilities $1.522M $1.625M
YoY Change -6.38% -4.45%
SHAREHOLDERS EQUITY
Retained Earnings -$66.84M -$64.16M
YoY Change 4.18% 7.33%
Common Stock $949.00 $610.00
YoY Change 55.57% -90.79%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $12.61M $14.00M
YoY Change
Total Liabilities & Shareholders Equity $16.32M $15.62M
YoY Change 4.45% -16.13%

Cashflow Statement

Concept 2018 Q1 2017 Q1
OPERATING ACTIVITIES
Net Income -$2.192M -$1.356M
YoY Change 61.63% 16.59%
Depreciation, Depletion And Amortization $21.02K $7.819K
YoY Change 168.83% -32.11%
Cash From Operating Activities $1.044M $117.0K
YoY Change 792.47% -117.68%
INVESTING ACTIVITIES
Capital Expenditures $32.86K $13.89K
YoY Change 136.5% -27.97%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$32.86K -$13.89K
YoY Change 136.5% -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
YoY Change -96.41%
NET CHANGE
Cash From Operating Activities 1.044M 117.0K
Cash From Investing Activities -32.86K -13.89K
Cash From Financing Activities -5.946K
Net Change In Cash 1.011M 97.11K
YoY Change 940.95% -111.47%
FREE CASH FLOW
Cash From Operating Activities $1.044M $117.0K
Capital Expenditures $32.86K $13.89K
Free Cash Flow $1.011M $103.1K
YoY Change 880.89% -115.14%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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<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=" margin: 0pt; text-align: justify; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"><div style="display: inline; font-style: italic;">Reclassification</div></div> <div style=" margin: 0pt 7.2pt 0pt 0pt; text-align: justify; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</div> <div style=" margin: 0pt 7.2pt 0pt 0pt; text-align: justify; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">Reclassifications occurred to certain prior year amounts in order to conform to the current year classifications. The reclassifications have <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">no</div> effect on the reported net loss.</div></div></div>
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RetainedEarningsAccumulatedDeficit
-66836475
CY2018Q1 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
841455
CY2017Q1 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
1418335
CY2018Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
1461854
CY2017Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
1620150
CY2018Q1 us-gaap Stockholders Equity
StockholdersEquity
13993312
CY2018Q1 us-gaap Share Based Compensation
ShareBasedCompensation
533421
CY2017Q1 us-gaap Share Based Compensation
ShareBasedCompensation
156086
CY2017Q3 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
3.60
CY2018Q1 us-gaap Stock Issued During Period Shares Conversion Of Convertible Securities
StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities
1794191
CY2018Q1 us-gaap Stockholders Equity
StockholdersEquity
12612175
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
13753295
CY2018Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
7851514
CY2017Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
6094955

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