$BMNM
Bimini Capital Management Inc

2021 Q3 Form 10-Q Financial Statement

#000127547721000013 Filed on November 09, 2021

View on sec.gov

Income Statement

Concept 2021 Q3 2020 Q3 2020 Q2
Revenue $3.590M $2.727M $2.527M
YoY Change 31.65% -28.29% -39.14%
Cost Of Revenue $272.2K $304.3K $342.1K
YoY Change -10.55% -78.13% -80.34%
Gross Profit $2.285M $3.542M $6.439M
YoY Change -35.49% 73.14% 586.35%
Gross Profit Margin 63.65% 129.89% 254.8%
Selling, General & Admin $1.653M $1.616M $1.685M
YoY Change 2.28% 0.58% 5.45%
% of Gross Profit 72.32% 45.62% 26.17%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $17.31K $17.31K $17.31K
YoY Change 0.0% -4.73% -5.25%
% of Gross Profit 0.76% 0.49% 0.27%
Operating Expenses -$1.653M -$1.615M -$1.685M
YoY Change 2.35% -200.56% -205.44%
Operating Profit $3.938M $5.157M $8.124M
YoY Change -23.64% 1072.92% -1331.24%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net -$1.033M $1.119M $4.254M
YoY Change -192.26% -207.76% -388.51%
Pretax Income $632.4K $1.926M $4.754M
YoY Change -67.17% -922.53% -820.53%
Income Tax $167.8K $608.4K $1.300M
% Of Pretax Income 26.53% 31.58% 27.35%
Net Earnings $464.6K $1.318M $3.468M
YoY Change -64.74% -270.67% -791.24%
Net Earnings / Revenue 12.94% 48.33% 137.24%
Basic Earnings Per Share
Diluted Earnings Per Share $42.63K $113.2K $297.9K
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2021 Q3 2020 Q3 2020 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $7.855M $5.837M $4.669M
YoY Change 34.57% -25.18% -20.64%
Cash & Equivalents $7.855M $5.837M $4.669M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $247.7K $234.4K $194.2K
Other Receivables $934.8K $0.00 $0.00
Total Short-Term Assets $9.037M $6.071M $4.864M
YoY Change 48.85% -27.62% -26.68%
LONG-TERM ASSETS
Property, Plant & Equipment $2.042M $2.111M $2.128M
YoY Change -3.28% -3.23% -34.75%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $64.39M $73.14M $52.82M
YoY Change -11.97% -55.19% -74.99%
Other Assets $36.02M $25.71M $26.06M
YoY Change 40.13% 8.9% 3.16%
Total Long-Term Assets $116.7M $116.1M $96.44M
YoY Change 0.52% -42.41% -61.9%
TOTAL ASSETS
Total Short-Term Assets $9.037M $6.071M $4.864M
Total Long-Term Assets $116.7M $116.1M $96.44M
Total Assets $125.7M $122.2M $101.3M
YoY Change 2.92% -41.82% -61.0%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $53.87K $83.38K $69.86K
YoY Change -35.39% -73.31% -91.46%
Deferred Revenue
YoY Change
Short-Term Debt $63.16M $70.69M $51.62M
YoY Change -10.65% -54.24% -74.28%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $63.21M $70.77M $51.69M
YoY Change -10.68% -54.28% -74.35%
LONG-TERM LIABILITIES
Long-Term Debt $27.44M $27.62M $27.62M
YoY Change -0.63% 3.04% 3.05%
Other Long-Term Liabilities $1.323M $1.347M $883.8K
YoY Change -1.78% -1.38% -37.44%
Total Long-Term Liabilities $28.77M $28.96M $28.51M
YoY Change -0.68% 2.82% 1.03%
TOTAL LIABILITIES
Total Short-Term Liabilities $63.21M $70.77M $51.69M
Total Long-Term Liabilities $28.77M $28.96M $28.51M
Total Liabilities $91.98M $99.73M $80.19M
YoY Change -7.77% -45.49% -65.09%
SHAREHOLDERS EQUITY
Retained Earnings -$310.2M -$311.5M
YoY Change 2.19%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $33.75M $22.43M $21.10M
YoY Change
Total Liabilities & Shareholders Equity $125.7M $122.2M $101.3M
YoY Change 2.92% -41.82% -61.0%

Cashflow Statement

Concept 2021 Q3 2020 Q3 2020 Q2
OPERATING ACTIVITIES
Net Income $464.6K $1.318M $3.468M
YoY Change -64.74% -270.67% -791.24%
Depreciation, Depletion And Amortization $17.31K $17.31K $17.31K
YoY Change 0.0% -4.73% -5.25%
Cash From Operating Activities $1.790M $2.800M $922.2K
YoY Change -36.09% 1439.73% -210.62%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $4.349M -$20.45M -$1.389M
YoY Change -121.27% -142.05% -229.01%
Cash From Investing Activities $4.349M -$20.45M -$1.389M
YoY Change -121.27% -142.05% -229.01%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -9.762M 19.06M -593.3K
YoY Change -151.21% -139.34% -139.29%
NET CHANGE
Cash From Operating Activities 1.790M 2.800M 922.2K
Cash From Investing Activities 4.349M -20.45M -1.389M
Cash From Financing Activities -9.762M 19.06M -593.3K
Net Change In Cash -3.623M 1.415M -1.060M
YoY Change -356.01% 302.65% -160.46%
FREE CASH FLOW
Cash From Operating Activities $1.790M $2.800M $922.2K
Capital Expenditures
Free Cash Flow
YoY Change

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