$BRST
Broad Street Realty, Inc.

2020 Q1 Form 10-Q Financial Statement

#000156459021018945 Filed on April 15, 2021

View on sec.gov

Income Statement

Concept 2020 Q1 2019 Q1
Revenue $5.124M $1.580M
YoY Change 224.3%
Cost Of Revenue $1.400M
YoY Change
Gross Profit $3.724M
YoY Change
Gross Profit Margin 72.68%
Selling, General & Admin $2.259M $119.3K
YoY Change 1794.02% -43.2%
% of Gross Profit 60.66%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $2.595M $4.000K
YoY Change 64775.0% 395.05%
% of Gross Profit 69.68%
Operating Expenses $6.141M $2.011M
YoY Change 205.37% 857.62%
Operating Profit -$1.017M -$431.0K
YoY Change 135.96% 106.42%
Interest Expense $1.580M $69.00K
YoY Change 2189.86% 17868.75%
% of Operating Profit
Other Income/Expense, Net -$2.188M -$294.0K
YoY Change 644.22%
Pretax Income -$3.205M -$119.8K
YoY Change 2576.19% -42.97%
Income Tax -$769.0K
% Of Pretax Income
Net Earnings -$2.075M -$119.8K
YoY Change 1632.57% -42.75%
Net Earnings / Revenue -40.5% -7.58%
Basic Earnings Per Share
Diluted Earnings Per Share -$96.12K -$45.88K
COMMON SHARES
Basic Shares Outstanding 21.59M 2.611M
Diluted Shares Outstanding 21.59M

Balance Sheet

Concept 2020 Q1 2019 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $4.809M $76.47K
YoY Change 6188.74% -84.07%
Cash & Equivalents $4.809M $173.0K
Short-Term Investments
Other Short-Term Assets $23.51K
YoY Change -21.63%
Inventory
Prepaid Expenses
Receivables $2.127M
Other Receivables $34.00K
Total Short-Term Assets $6.936M $99.99K
YoY Change 6836.83% -80.39%
LONG-TERM ASSETS
Property, Plant & Equipment $127.0K $17.77K
YoY Change 614.77% -15.39%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $5.912M
YoY Change
Total Long-Term Assets $179.2M $17.77K
YoY Change 1008634.8% -15.39%
TOTAL ASSETS
Total Short-Term Assets $6.936M $99.99K
Total Long-Term Assets $179.2M $17.77K
Total Assets $186.2M $117.8K
YoY Change 157996.4% -77.82%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $8.027M $150.5K
YoY Change 5233.2% 201.02%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $20.68K
YoY Change -100.0% 3.4%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $11.91M $198.6K
YoY Change 5898.99% 101.33%
LONG-TERM LIABILITIES
Long-Term Debt $111.0M $0.00
YoY Change
Other Long-Term Liabilities $418.0K
YoY Change
Total Long-Term Liabilities $111.4M $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $11.91M $198.6K
Total Long-Term Liabilities $111.4M $0.00
Total Liabilities $137.2M $198.6K
YoY Change 68984.87% 101.33%
SHAREHOLDERS EQUITY
Retained Earnings -$3.965M -$112.0M
YoY Change -96.46% 0.46%
Common Stock $216.0K $26.11K
YoY Change 727.43% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $49.31M -$80.79K
YoY Change
Total Liabilities & Shareholders Equity $186.2M $117.8K
YoY Change 157996.4% -77.82%

Cashflow Statement

Concept 2020 Q1 2019 Q1
OPERATING ACTIVITIES
Net Income -$2.075M -$119.8K
YoY Change 1632.57% -42.75%
Depreciation, Depletion And Amortization $2.595M $4.000K
YoY Change 64775.0% 395.05%
Cash From Operating Activities -$1.386M -$772.0K
YoY Change 79.53% 256.37%
INVESTING ACTIVITIES
Capital Expenditures -$2.271M
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$5.000K
YoY Change
Cash From Investing Activities -$2.276M -$344.0K
YoY Change 561.63%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.231M 1.151M
YoY Change -206.95% -9308.0%
NET CHANGE
Cash From Operating Activities -1.386M -772.0K
Cash From Investing Activities -2.276M -344.0K
Cash From Financing Activities -1.231M 1.151M
Net Change In Cash -4.893M 35.00K
YoY Change -14080.0% -115.28%
FREE CASH FLOW
Cash From Operating Activities -$1.386M -$772.0K
Capital Expenditures -$2.271M
Free Cash Flow $885.0K
YoY Change

Facts In Submission

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<p style="text-align:justify;margin-top:6pt;margin-bottom:0pt;text-indent:0%;font-style:italic;font-family:Times New Roman;font-size:10pt;font-weight:normal;text-transform:none;font-variant: normal;">Reclassifications</p> <p style="text-align:justify;margin-top:6pt;margin-bottom:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Certain reclassifications have been made to the consolidated balance sheet as of December 31, 2019 to conform to the 2020 presentation.</p>
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179000
CY2019Q4 us-gaap Deferred Rent Receivables Net
DeferredRentReceivablesNet
30000
CY2020Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
127000
CY2019Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
101000
CY2020Q1 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
34000
CY2019Q4 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
113000
CY2020Q1 us-gaap Interest Rate Cash Flow Hedge Asset At Fair Value
InterestRateCashFlowHedgeAssetAtFairValue
30000
CY2019Q4 us-gaap Interest Rate Cash Flow Hedge Asset At Fair Value
InterestRateCashFlowHedgeAssetAtFairValue
16000
CY2020Q1 us-gaap Due From Related Parties
DueFromRelatedParties
12000
CY2019Q4 us-gaap Due From Related Parties
DueFromRelatedParties
525000
CY2020Q1 us-gaap Allowance For Doubtful Other Receivables Current
AllowanceForDoubtfulOtherReceivablesCurrent
93000
CY2019Q4 us-gaap Allowance For Doubtful Other Receivables Current
AllowanceForDoubtfulOtherReceivablesCurrent
193000
CY2020Q1 brst Long Term Debt Net Of Discount
LongTermDebtNetOfDiscount
112185000
CY2019Q4 brst Long Term Debt Net Of Discount
LongTermDebtNetOfDiscount
113780000
CY2020Q1 us-gaap Deferred Costs
DeferredCosts
1227000
CY2019Q4 us-gaap Deferred Costs
DeferredCosts
1307000
CY2020Q1 us-gaap Long Term Debt
LongTermDebt
110958000
CY2019Q4 us-gaap Long Term Debt
LongTermDebt
112473000
CY2020Q2 us-gaap Preferred Units Contributed Capital
PreferredUnitsContributedCapital
2900000
CY2020Q2 brst Preferred Units Cumulative Annual Return Percentage
PreferredUnitsCumulativeAnnualReturnPercentage
0.130
CY2020Q1 brst Preferred Investor Approval Rights Minimum Amount Of Capital Expenditure To Be Incurred
PreferredInvestorApprovalRightsMinimumAmountOfCapitalExpenditureToBeIncurred
250000
CY2020Q1 us-gaap Deferred Finance Costs Gross
DeferredFinanceCostsGross
1300000
CY2019Q4 us-gaap Deferred Finance Costs Gross
DeferredFinanceCostsGross
1300000
CY2020Q1 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
1200000
CY2019Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
1300000
CY2020Q1 brst Debt Instrument Unamortized Discount Gross
DebtInstrumentUnamortizedDiscountGross
1400000
CY2019Q4 brst Debt Instrument Unamortized Discount Gross
DebtInstrumentUnamortizedDiscountGross
1300000
CY2020Q1 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
1200000
CY2019Q4 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
1300000
CY2020Q1 brst Expense Related To Fair Value Adjustments On Derivatives
ExpenseRelatedToFairValueAdjustmentsOnDerivatives
600000
CY2019Q1 brst Expense Related To Fair Value Adjustments On Derivatives
ExpenseRelatedToFairValueAdjustmentsOnDerivatives
0
CY2019Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
0
CY2020Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
70000
CY2020Q1 brst Rental Income
RentalIncome
4146000
CY2020Q1 us-gaap Sublease Income
SubleaseIncome
8000
CY2019Q1 us-gaap Sublease Income
SubleaseIncome
19000
CY2020Q1 us-gaap Revenue Not From Contract With Customer
RevenueNotFromContractWithCustomer
4154000
CY2019Q1 us-gaap Revenue Not From Contract With Customer
RevenueNotFromContractWithCustomer
19000
CY2020Q1 us-gaap Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
8588000
CY2020Q1 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
11717000
CY2020Q1 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
11468000
CY2020Q1 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
10817000
CY2020Q1 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
8879000
CY2020Q1 us-gaap Lessor Operating Lease Payments To Be Received Five Years
LessorOperatingLeasePaymentsToBeReceivedFiveYears
7331000
CY2020Q1 us-gaap Lessor Operating Lease Payments To Be Received Thereafter
LessorOperatingLeasePaymentsToBeReceivedThereafter
19475000
CY2020Q1 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
78275000
CY2020Q1 us-gaap Common Stock Conversion Basis
CommonStockConversionBasis
one-for-one basis
CY2020Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
21587000
CY2020Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
21587000
CY2020Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.24
CY2020Q1 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
400000
CY2019Q1 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
700000
CY2020Q1 us-gaap Accounts Receivable Related Parties
AccountsReceivableRelatedParties
500000
CY2019Q4 us-gaap Accounts Receivable Related Parties
AccountsReceivableRelatedParties
300000
CY2020Q1 brst Number Of Properties To Be Acquired
NumberOfPropertiesToBeAcquired
7

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