2016 Q1 Form 10-Q Financial Statement
#000127547716000145 Filed on May 11, 2016
Income Statement
| Concept | 2016 Q1 | 2015 Q1 |
|---|---|---|
| Revenue | $817.5K | $1.207M |
| YoY Change | -32.28% | -70.67% |
| Cost Of Revenue | $390.0K | $340.0K |
| YoY Change | 14.71% | -51.43% |
| Gross Profit | $2.080M | $3.980M |
| YoY Change | -47.74% | -11.95% |
| Gross Profit Margin | 254.45% | 329.71% |
| Selling, General & Admin | $1.370M | $5.027M |
| YoY Change | -72.75% | 270.49% |
| % of Gross Profit | 65.86% | 126.31% |
| Research & Development | ||
| YoY Change | ||
| % of Gross Profit | ||
| Depreciation & Amortization | $22.24K | $23.80K |
| YoY Change | -6.53% | -18.1% |
| % of Gross Profit | 1.07% | 0.6% |
| Operating Expenses | $1.370M | $5.027M |
| YoY Change | -72.75% | 270.49% |
| Operating Profit | $710.1K | -$1.047M |
| YoY Change | -167.81% | -133.11% |
| Interest Expense | $127.9K | $100.2K |
| YoY Change | 27.66% | -77.95% |
| % of Operating Profit | 18.01% | |
| Other Income/Expense, Net | ||
| YoY Change | ||
| Pretax Income | $714.7K | -$1.052M |
| YoY Change | -167.95% | -133.22% |
| Income Tax | $268.8K | $337.1K |
| % Of Pretax Income | 37.6% | |
| Net Earnings | $446.0K | -$1.389M |
| YoY Change | -132.11% | -158.62% |
| Net Earnings / Revenue | 54.56% | -115.06% |
| Basic Earnings Per Share | ||
| Diluted Earnings Per Share | $35.43K | -$112.5K |
| COMMON SHARES | ||
| Basic Shares Outstanding | ||
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2016 Q1 | 2015 Q1 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $3.100M | $4.500M |
| YoY Change | -31.11% | -90.36% |
| Cash & Equivalents | $3.140M | $4.514M |
| Short-Term Investments | ||
| Other Short-Term Assets | ||
| YoY Change | ||
| Inventory | ||
| Prepaid Expenses | ||
| Receivables | $400.0K | $500.0K |
| Other Receivables | $0.00 | $0.00 |
| Total Short-Term Assets | $3.500M | $5.000M |
| YoY Change | -30.0% | -89.96% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $3.470M | $3.600M |
| YoY Change | -3.6% | -2.7% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | $109.2M | $115.6M |
| YoY Change | -5.54% | -85.79% |
| Other Assets | $65.30M | $2.500M |
| YoY Change | 2512.0% | -60.94% |
| Total Long-Term Assets | $196.7M | $139.9M |
| YoY Change | 40.6% | -83.14% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $3.500M | $5.000M |
| Total Long-Term Assets | $196.7M | $139.9M |
| Total Assets | $200.2M | $144.9M |
| YoY Change | 38.16% | -83.53% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | ||
| YoY Change | ||
| Accrued Expenses | $100.0K | $100.0K |
| YoY Change | 0.0% | -50.0% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $102.8M | $106.3M |
| YoY Change | -3.29% | -85.08% |
| Long-Term Debt Due | ||
| YoY Change | ||
| Total Short-Term Liabilities | $102.9M | $106.4M |
| YoY Change | -3.29% | -85.86% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $26.80M | $26.80M |
| YoY Change | 0.0% | 0.0% |
| Other Long-Term Liabilities | $1.300M | $3.900M |
| YoY Change | -66.67% | 95.0% |
| Total Long-Term Liabilities | $28.10M | $30.70M |
| YoY Change | -8.47% | 6.6% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $102.9M | $106.4M |
| Total Long-Term Liabilities | $28.10M | $30.70M |
| Total Liabilities | $131.0M | $137.1M |
| YoY Change | -4.46% | -84.35% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | -$265.7M | -$326.7M |
| YoY Change | -18.69% | |
| Common Stock | ||
| YoY Change | ||
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | $69.19M | $7.833M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $200.2M | $144.9M |
| YoY Change | 38.14% | -83.53% |
Cashflow Statement
| Concept | 2016 Q1 | 2015 Q1 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | $446.0K | -$1.389M |
| YoY Change | -132.11% | -158.62% |
| Depreciation, Depletion And Amortization | $22.24K | $23.80K |
| YoY Change | -6.53% | -18.1% |
| Cash From Operating Activities | -$1.800M | -$552.1K |
| YoY Change | 226.05% | -51.92% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | $0.00 | $0.00 |
| YoY Change | -100.0% | |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | -$26.70M | $4.000M |
| YoY Change | -767.5% | -101.04% |
| Cash From Investing Activities | -$26.70M | $4.000M |
| YoY Change | -767.5% | -101.04% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | $0.00 | |
| YoY Change | -100.0% | |
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | 25.60M | -3.700M |
| YoY Change | -791.89% | -100.88% |
| NET CHANGE | ||
| Cash From Operating Activities | -1.800M | -$552.1K |
| Cash From Investing Activities | -26.70M | 4.000M |
| Cash From Financing Activities | 25.60M | -3.700M |
| Net Change In Cash | -2.900M | -$552.1K |
| YoY Change | 425.31% | -51.92% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | -$1.800M | -$552.1K |
| Capital Expenditures | $0.00 | $0.00 |
| Free Cash Flow | -$1.800M | -$552.1K |
| YoY Change | 226.05% | -52.62% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2015Q1 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
5027187.75 | USD |
| CY2016Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
714745 | USD |
| CY2016Q1 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
0 | USD |
| CY2015Q1 | us-gaap |
Interest Expense
InterestExpense
|
100192 | USD |
| CY2015Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
4514148 | USD |
| CY2016Q1 | bmnm |
Mortgage Backed Securities At Fair Value Pledged As Collateral
MortgageBackedSecuritiesAtFairValuePledgedAsCollateral
|
107160357 | USD |
| CY2016Q1 | bmnm |
Mortgage Backed Securities At Fair Value Unpledged
MortgageBackedSecuritiesAtFairValueUnpledged
|
2035979 | USD |
| CY2016Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
3140142 | USD |
| CY2016Q1 | us-gaap |
Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
|
672250 | USD |
| CY2016Q1 | bmnm |
Retained Interests In Securitizations
RetainedInterestsInSecuritizations
|
1241846 | USD |
| CY2016Q1 | us-gaap |
Interest Receivable
InterestReceivable
|
430449 | USD |
| CY2016Q1 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
3470370 | USD |
| CY2015Q4 | bmnm |
Mortgage Backed Securities At Fair Value Pledged As Collateral
MortgageBackedSecuritiesAtFairValuePledgedAsCollateral
|
81192199 | USD |
| CY2015Q4 | bmnm |
Mortgage Backed Securities At Fair Value Unpledged
MortgageBackedSecuritiesAtFairValueUnpledged
|
2796200 | USD |
| CY2015Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
6310683 | USD |
| CY2015Q4 | us-gaap |
Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
|
401800 | USD |
| CY2015Q4 | bmnm |
Retained Interests In Securitizations
RetainedInterestsInSecuritizations
|
1124278 | USD |
| CY2015Q4 | us-gaap |
Interest Receivable
InterestReceivable
|
351049 | USD |
| CY2015Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
3492612 | USD |
| CY2016Q1 | us-gaap |
Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
|
64646903 | USD |
| CY2015Q4 | us-gaap |
Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
|
64832242 | USD |
| CY2015Q4 | us-gaap |
Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
|
2701655 | USD |
| CY2015Q4 | us-gaap |
Assets
Assets
|
177055425 | USD |
| CY2016Q1 | us-gaap |
Securities Sold Under Agreements To Repurchase
SecuritiesSoldUnderAgreementsToRepurchase
|
102793559 | USD |
| CY2016Q1 | us-gaap |
Junior Subordinated Notes
JuniorSubordinatedNotes
|
26804440 | USD |
| CY2016Q1 | bmnm |
Unsettled Purchases
UnsettledPurchases
|
0 | USD |
| CY2016Q1 | us-gaap |
Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
|
74213 | USD |
| CY2015Q4 | us-gaap |
Securities Sold Under Agreements To Repurchase
SecuritiesSoldUnderAgreementsToRepurchase
|
77234249 | USD |
| CY2015Q4 | us-gaap |
Junior Subordinated Notes
JuniorSubordinatedNotes
|
26804440 | USD |
| CY2015Q4 | bmnm |
Unsettled Purchases
UnsettledPurchases
|
1859277 | USD |
| CY2015Q4 | us-gaap |
Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
|
83957 | USD |
| CY2016Q1 | us-gaap |
Other Liabilities
OtherLiabilities
|
1306978 | USD |
| CY2015Q4 | us-gaap |
Other Liabilities
OtherLiabilities
|
2533442 | USD |
| CY2016Q1 | us-gaap |
Liabilities
Liabilities
|
130979190 | USD |
| CY2015Q4 | us-gaap |
Liabilities
Liabilities
|
108515365 | USD |
| CY2015Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
0 | USD |
| CY2016Q1 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
334831647 | USD |
| CY2015Q4 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
334630263 | USD |
| CY2016Q1 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-265656649 | USD |
| CY2015Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-266102640 | USD |
| CY2016Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
69187694 | USD |
| CY2015Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
68540060 | USD |
| CY2016Q1 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
200166884 | USD |
| CY2015Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
177055425 | USD |
| CY2016Q1 | us-gaap |
Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
|
817464 | USD |
| CY2016Q1 | us-gaap |
Interest Expense
InterestExpense
|
127903 | USD |
| CY2016Q1 | bmnm |
Net Interest Income Before Interest Expense Junior Subordinated Debentures
NetInterestIncomeBeforeInterestExpenseJuniorSubordinatedDebentures
|
689561 | USD |
| CY2016Q1 | us-gaap |
Interest Expense Junior Subordinated Debentures
InterestExpenseJuniorSubordinatedDebentures
|
263611 | USD |
| CY2016Q1 | us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
425950 | USD |
| CY2016Q1 | bmnm |
Unrealized Gains On Investments
UnrealizedGainsOnInvestments
|
-288244 | USD |
| CY2016Q1 | bmnm |
Realized Gains On Investments
RealizedGainsOnInvestments
|
231847 | USD |
| CY2016Q1 | us-gaap |
Gain Loss On Derivative Instruments Held For Trading Purposes Net
GainLossOnDerivativeInstrumentsHeldForTradingPurposesNet
|
-1299863 | USD |
| CY2016Q1 | bmnm |
Net Portfolio Income
NetPortfolioIncome
|
-930310 | USD |
| CY2015Q1 | us-gaap |
Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
|
1207134 | USD |
| CY2015Q1 | bmnm |
Net Interest Income Before Interest Expense Junior Subordinated Debentures
NetInterestIncomeBeforeInterestExpenseJuniorSubordinatedDebentures
|
1106942 | USD |
| CY2015Q1 | us-gaap |
Interest Expense Junior Subordinated Debentures
InterestExpenseJuniorSubordinatedDebentures
|
243473 | USD |
| CY2015Q1 | us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
863469 | USD |
| CY2015Q1 | bmnm |
Unrealized Gains On Investments
UnrealizedGainsOnInvestments
|
829297 | USD |
| CY2015Q1 | bmnm |
Realized Gains On Investments
RealizedGainsOnInvestments
|
0 | USD |
| CY2015Q1 | us-gaap |
Gain Loss On Derivative Instruments Held For Trading Purposes Net
GainLossOnDerivativeInstrumentsHeldForTradingPurposesNet
|
-1014700 | USD |
| CY2015Q1 | bmnm |
Net Portfolio Income
NetPortfolioIncome
|
678066 | USD |
| CY2016Q1 | us-gaap |
Management Fees Revenue
ManagementFeesRevenue
|
1269019 | USD |
| CY2015Q1 | us-gaap |
Management Fees Revenue
ManagementFeesRevenue
|
1094654.75 | USD |
| CY2016Q1 | bmnm |
Losses Gains On Retained Interests In Securitizations
LossesGainsOnRetainedInterestsInSecuritizations
|
546020 | USD |
| CY2015Q1 | bmnm |
Losses Gains On Retained Interests In Securitizations
LossesGainsOnRetainedInterestsInSecuritizations
|
1485756 | USD |
| CY2016Q1 | bmnm |
Orchid Unrealized
OrchidUnrealized
|
613816 | USD |
| CY2015Q1 | bmnm |
Orchid Unrealized
OrchidUnrealized
|
186516 | USD |
| CY2016Q1 | bmnm |
Orchid Dividends
OrchidDividends
|
585915 | USD |
| CY2015Q1 | bmnm |
Orchid Dividends
OrchidDividends
|
530099 | USD |
| CY2016Q1 | bmnm |
Other Income Expense
OtherIncomeExpense
|
230 | USD |
| CY2015Q1 | bmnm |
Other Income Expense
OtherIncomeExpense
|
262 | USD |
| CY2016Q1 | bmnm |
Other Income Expense Net
OtherIncomeExpenseNet
|
3015000 | USD |
| CY2015Q1 | bmnm |
Other Income Expense Net
OtherIncomeExpenseNet
|
3297287.75 | USD |
| CY2016Q1 | us-gaap |
Labor And Related Expense
LaborAndRelatedExpense
|
795710 | USD |
| CY2015Q1 | us-gaap |
Labor And Related Expense
LaborAndRelatedExpense
|
784102.73 | USD |
| CY2016Q1 | bmnm |
Directors Fees And Liability Insurance
DirectorsFeesAndLiabilityInsurance
|
155538 | USD |
| CY2015Q1 | bmnm |
Directors Fees And Liability Insurance
DirectorsFeesAndLiabilityInsurance
|
167766 | USD |
| CY2016Q1 | us-gaap |
Professional Fees
ProfessionalFees
|
157073 | USD |
| CY2015Q1 | us-gaap |
Professional Fees
ProfessionalFees
|
334777 | USD |
| CY2016Q1 | us-gaap |
Litigation Settlement Expense
LitigationSettlementExpense
|
0 | USD |
| CY2015Q1 | us-gaap |
Litigation Settlement Expense
LitigationSettlementExpense
|
3500000 | USD |
| CY2016Q1 | us-gaap |
Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
|
261624 | USD |
| CY2015Q1 | us-gaap |
Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
|
240542.02 | USD |
| CY2016Q1 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
1369945 | USD |
| CY2015Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
-1051834 | USD |
| CY2016Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
268754 | USD |
| CY2015Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
337095 | USD |
| CY2016Q1 | us-gaap |
Profit Loss
ProfitLoss
|
445991 | USD |
| CY2015Q1 | us-gaap |
Profit Loss
ProfitLoss
|
-1388929 | USD |
| CY2016Q1 | us-gaap |
Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
|
1859277 | USD |
| CY2015Q1 | us-gaap |
Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
|
0 | USD |
| CY2016Q1 | us-gaap |
Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
|
<div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:13.8pt;' ><font style='font-family:Arial Narrow;font-size:11pt;font-weight:bold;margin-left:0pt;' >Reclassifications</font></p><p style='text-align:left;line-height:13.8pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:13.8pt;' ><font style='font-family:Arial Narrow;font-size:11pt;margin-left:18pt;' >Certain prior period amounts have been reclassified to conform to the current period presentations.</font></p><p style='text-align:left;line-height:13.8pt;' ></p></div> | |
| CY2016Q1 | dei |
Entity Incorporation Date Of Incorporation
EntityIncorporationDateOfIncorporation
|
2003-09-24 | |
| CY2016Q1 | dei |
Entity Incorporation State Country Name
EntityIncorporationStateCountryName
|
Maryland | |
| CY2016Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
|
4000000 | shares |
| CY2016Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Percentage Of Outstanding Stock Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardPercentageOfOutstandingStockMaximum
|
0.1 | pure |
| CY2016Q1 | us-gaap |
Repurchase Agreement Counterparty Amount At Risk
RepurchaseAgreementCounterpartyAmountAtRisk
|
4700000 | USD |
| CY2015Q4 | us-gaap |
Repurchase Agreement Counterparty Amount At Risk
RepurchaseAgreementCounterpartyAmountAtRisk
|
3500000 | USD |
| CY2016Q1 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.001 | |
| CY2015Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.001 | |
| CY2016Q1 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
10000000 | shares |
| CY2015Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
10000000 | shares |
| CY2016Q1 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.001 | |
| CY2015Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.001 | |
| CY2016Q1 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
| CY2016Q1 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
| CY2015Q4 | us-gaap |
Common Stock Value Outstanding
CommonStockValueOutstanding
|
12437 | USD |
| CY2016Q1 | us-gaap |
Common Stock Value Outstanding
CommonStockValueOutstanding
|
12696 | USD |
| CY2016Q1 | us-gaap |
Mortgage Backed Securities Available For Sale Fair Value Disclosure
MortgageBackedSecuritiesAvailableForSaleFairValueDisclosure
|
109196336000 | USD |
| CY2015Q4 | us-gaap |
Mortgage Backed Securities Available For Sale Fair Value Disclosure
MortgageBackedSecuritiesAvailableForSaleFairValueDisclosure
|
83988399000 | USD |
| CY2016Q1 | bmnm |
Investment In Orchid
InvestmentInOrchid
|
14466523000 | USD |
| CY2015Q4 | bmnm |
Investment In Orchid
InvestmentInOrchid
|
13852707000 | USD |
