$BSBK
Bogota Financial Corp.

2020 Q1 Form 10-Q Financial Statement

#000119312520150346 Filed on May 26, 2020

View on sec.gov

Income Statement

Concept 2020 Q1 2019 Q1
Revenue $5.917M $5.691M
YoY Change 3.98%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $70.00K $80.00K
YoY Change -12.5%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $2.833M $2.876M
YoY Change -1.47%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$1.892M $449.3K
YoY Change -521.19%
Income Tax -$554.7K $87.46K
% Of Pretax Income 19.47%
Net Earnings -$1.338M $361.8K
YoY Change -469.68% -70.94%
Net Earnings / Revenue -22.6% 6.36%
Basic Earnings Per Share -$0.13
Diluted Earnings Per Share -$101.8K $27.36K
COMMON SHARES
Basic Shares Outstanding 10.70M
Diluted Shares Outstanding

Balance Sheet

Concept 2020 Q1 2019 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $65.71M $25.48M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $4.163M
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $708.7M
YoY Change
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt $0.00
YoY Change
Other Long-Term Liabilities $3.900M
YoY Change
Total Long-Term Liabilities $3.900M
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities
Total Long-Term Liabilities $3.900M
Total Liabilities $584.1M
YoY Change
SHAREHOLDERS EQUITY
Retained Earnings $73.95M
YoY Change
Common Stock $131.6K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $124.7M $72.85M
YoY Change
Total Liabilities & Shareholders Equity $708.7M
YoY Change

Cashflow Statement

Concept 2020 Q1 2019 Q1
OPERATING ACTIVITIES
Net Income -$1.338M $361.8K
YoY Change -469.68% -70.94%
Depreciation, Depletion And Amortization $70.00K $80.00K
YoY Change -12.5%
Cash From Operating Activities $2.358M $911.2K
YoY Change 158.81%
INVESTING ACTIVITIES
Capital Expenditures $36.49K $6.324K
YoY Change 477.01%
Acquisitions
YoY Change
Other Investing Activities -$4.790M $9.860M
YoY Change -148.58%
Cash From Investing Activities -$4.831M $9.855M
YoY Change -149.03%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $56.60M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -59.68M -9.807M
YoY Change 508.51%
NET CHANGE
Cash From Operating Activities 2.358M 911.2K
Cash From Investing Activities -4.831M 9.855M
Cash From Financing Activities -59.68M -9.807M
Net Change In Cash -62.15M 958.6K
YoY Change -6583.88%
FREE CASH FLOW
Cash From Operating Activities $2.358M $911.2K
Capital Expenditures $36.49K $6.324K
Free Cash Flow $2.322M $904.8K
YoY Change 156.59%

Facts In Submission

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<div style="font-family: &quot;times new roman&quot;; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="text-decoration:underline;display:inline;">Use of Estimates</div>: To prepare financial statements in conformity with accounting principles generally accepted in the United States of America management makes estimates and assumptions based on available information. These estimates and assumptions effect the amounts reported in the financial statements and the disclosures provided, and actual results could differ.</div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
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CY2020Q1 us-gaap Cash And Cash Equivalents Fair Value Disclosure
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CY2020Q1 us-gaap Federal Home Loan Bank Borrowings Fair Value Disclosure
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CY2020Q1 dei Document Period End Date
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CY2020Q1 dei Document Fiscal Year Focus
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CY2020Q1 dei Document Fiscal Period Focus
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CY2020Q1 dei Entity Registrant Name
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Bogota Financial Corp.
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CY2019Q4 us-gaap Cash And Cash Equivalents Fair Value Disclosure
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CY2019Q4 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position Twelve Months Or Longer Fair Value
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CY2020Q1 us-gaap Loans And Leases Receivable Related Parties
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CY2020Q1 dei Document Type
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CY2020Q1 dei Amendment Flag
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CY2020Q1 dei Current Fiscal Year End Date
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CY2020Q1 dei Entity Filer Category
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CY2020Q1 dei Entity Shell Company
EntityShellCompany
false
CY2020Q1 dei Entity Small Business
EntitySmallBusiness
true
CY2020Q1 dei Entity Emerging Growth Company
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CY2020Q1 dei Trading Symbol
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CY2020Q1 dei Entity Address State Or Province
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CY2020Q1 us-gaap Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment
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CY2020Q1 us-gaap Financing Receivable Individually Evaluated For Impairment
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CY2020Q1 us-gaap Financing Receivable Collectively Evaluated For Impairment
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CY2019Q4 us-gaap Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment
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CY2019Q4 us-gaap Financing Receivable Individually Evaluated For Impairment
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CY2018Q4 us-gaap Loans And Leases Receivable Allowance
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CY2019Q1 us-gaap Loans And Leases Receivable Allowance
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CY2020Q1 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
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CY2020Q1 us-gaap Financing Receivable Recorded Investment Past Due
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CY2020Q1 us-gaap Financing Receivable Modifications Subsequent Default Number Of Contracts1
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1
CY2020Q1 us-gaap Impaired Financing Receivable With No Related Allowance Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceRecordedInvestment
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CY2020Q1 us-gaap Impaired Financing Receivable With Related Allowance Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceRecordedInvestment
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CY2020Q1 us-gaap Impaired Financing Receivable Average Recorded Investment
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CY2020Q1 us-gaap Impaired Financing Receivable Related Allowance
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CY2019Q4 us-gaap Impaired Financing Receivable With No Related Allowance Recorded Investment
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CY2019Q4 us-gaap Financing Receivable Collectively Evaluated For Impairment
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CY2020Q1 dei Security Exchange Name
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NASDAQ
CY2020Q1 dei Security12b Title
Security12bTitle
Common Stock
CY2020Q1 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2020Q1 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
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CY2020Q1 us-gaap Proceeds From Issuance Of Common Stock
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CY2019Q4 bsbk Debt Securities Held To Maturity Maturities With In One Year Accumulated Gross Unrealized Loss
DebtSecuritiesHeldToMaturityMaturitiesWithInOneYearAccumulatedGrossUnrealizedLoss
CY2020Q1 us-gaap Common Stock Value
CommonStockValue
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CY2020Q1 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
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CY2020Q1 us-gaap Unearned Esop Shares
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CY2020Q1 dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
CY2020Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
13157525
CY2020Q1 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
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CY2020Q1 us-gaap Stock Issued During Period Shares Employee Stock Ownership Plan
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CY2020Q1 bsbk Contributionto Charitable Foundation
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CY2020Q1 us-gaap Stock Issued During Period Value New Issues
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CY2020Q1 us-gaap Common Stock Par Or Stated Value Per Share
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CY2020Q1 dei Entity Ex Transition Period
EntityExTransitionPeriod
false
CY2020Q1 dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
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CY2020Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
13157525
CY2020Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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CY2020Q1 us-gaap Weighted Average Number Of Shares Issued Basic
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CY2020Q1 bsbk Loans Purchased
LoansPurchased
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CY2020Q1 bsbk Payments Of Stock Offering Expenses
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CY2020Q1 us-gaap Proceeds From Issuance Of Common Stock
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CY2020Q1 us-gaap Prior Period Reclassification Adjustment Description
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<div style="font-family: &quot;times new roman&quot;; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="text-decoration:underline;display:inline;">Reclassifications</div>:&#160;Some items in the prior year financial statements were reclassified to conform to the current presentation. Reclassifications had no effect on prior year net income or equity.</div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
CY2020Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2020Q1 bsbk Percentage Of Capital Buffer
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CY2020Q1 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
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CY2019Q4 bsbk Subscription Offering Proceeds
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CY2020Q1 us-gaap Preferred Stock Value
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CY2020Q1 us-gaap Commitments And Contingencies
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PreferredStockParOrStatedValuePerShare
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CY2020Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
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CY2020Q1 us-gaap Preferred Stock Shares Issued
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CommonStockSharesAuthorized
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CY2020Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
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CY2020Q1 bsbk Proceeds From Subscription Offering
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CY2020Q1 bsbk Net Proceeds From Issuance Of Common Stock
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CY2020Q1 us-gaap Payments Of Stock Issuance Costs
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CY2020Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
2800348
CY2020Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
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CY2019Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
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CY2019Q4 us-gaap Common Stock Par Or Stated Value Per Share
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CY2020Q1 us-gaap Deposits Fair Value Disclosure
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CY2020Q1 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
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CY2020Q1 bsbk Employee Stock Ownership Plan Purchase
EmployeeStockOwnershipPlanPurchase
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CY2020Q1 bsbk Adjustments Of Contribution To Charitable Foundation
AdjustmentsOfContributionToCharitableFoundation
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CY2020Q1 bsbk Loan To Employee Stock Ownership Plan
LoanToEmployeeStockOwnershipPlan
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CY2020Q1 bsbk Subscription Offering Proceeds Used To Purchase Common Stock
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CY2020Q1 us-gaap Employee Stock Ownership Plan Esop Number Of Allocated Shares
EmployeeStockOwnershipPlanESOPNumberOfAllocatedShares
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CY2020Q1 bsbk Employee Stock Ownership Plan Esop Percentage Of Shares In Esop
EmployeeStockOwnershipPlanEsopPercentageOfSharesInEsop
0.04
CY2020Q1 us-gaap Employee Stock Ownership Plan Esop Number Of Committed To Be Released Shares
EmployeeStockOwnershipPlanESOPNumberOfCommittedToBeReleasedShares
25789

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