2023 Q4 Form 10-Q Financial Statement

#000114036123052295 Filed on November 09, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3
Revenue $31.72M
YoY Change 46.24%
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 $332.0K $320.0K
YoY Change -3.21% -8.83%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $10.98M
YoY Change 314.81%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $1.561M $10.20M
YoY Change -86.26% -1.92%
Income Tax $491.0K $2.351M
% Of Pretax Income 31.45% 23.04%
Net Earnings $1.070M $7.853M
YoY Change -87.24% -2.34%
Net Earnings / Revenue 24.76%
Basic Earnings Per Share $0.86
Diluted Earnings Per Share $0.12 $0.85
COMMON SHARES
Basic Shares Outstanding 9.186M 9.155M
Diluted Shares Outstanding 9.274M

Balance Sheet

Concept 2023 Q4 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $181.0M $169.5M
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 $14.94M $14.96M
YoY Change 14.01% 12.07%
Goodwill $8.500M $8.500M
YoY Change -1.16% 4.94%
Intangibles $1.000M $1.107M
YoY Change -23.08% -21.6%
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 $1.772B $1.772B
YoY Change 11.84% 12.11%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $9.647M $10.50M
YoY Change -0.7% 42.84%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $9.949M $10.90M
YoY Change -7.61% 39.8%
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 $9.949M $10.90M
Total Long-Term Liabilities $0.00 $0.00
Total Liabilities $1.601B $1.604B
YoY Change 11.2% 11.03%
SHAREHOLDERS EQUITY
Retained Earnings $78.96M $79.83M
YoY Change 36.03% 56.14%
Common Stock $97.51M $97.16M
YoY Change 2.26% 2.12%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $170.3M $167.9M
YoY Change
Total Liabilities & Shareholders Equity $1.772B $1.772B
YoY Change 11.84% 12.11%

Cashflow Statement

Concept 2023 Q4 2023 Q3
OPERATING ACTIVITIES
Net Income $1.070M $7.853M
YoY Change -87.24% -2.34%
Depreciation, Depletion And Amortization $332.0K $320.0K
YoY Change -3.21% -8.83%
Cash From Operating Activities $16.16M $12.84M
YoY Change 65.2% 155.88%
INVESTING ACTIVITIES
Capital Expenditures $234.0K $370.0K
YoY Change 1014.29% -922.22%
Acquisitions
YoY Change
Other Investing Activities -$133.0K -$121.2M
YoY Change -99.66% 70.52%
Cash From Investing Activities -$367.0K -$121.6M
YoY Change -99.05% 70.93%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -4.241M 81.79M
YoY Change -54.12% -9.04%
NET CHANGE
Cash From Operating Activities 16.16M 12.84M
Cash From Investing Activities -367.0K -121.6M
Cash From Financing Activities -4.241M 81.79M
Net Change In Cash 11.55M -26.96M
YoY Change -130.29% -213.26%
FREE CASH FLOW
Cash From Operating Activities $16.16M $12.84M
Capital Expenditures $234.0K $370.0K
Free Cash Flow $15.92M $12.47M
YoY Change 63.16% 146.3%

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<div style="display:none;"><br/></div> <div style="color: rgb(0, 0, 0); font-size: 10pt; font-style: normal; font-variant: normal; letter-spacing: normal; text-align: left; text-indent: 0px; text-transform: none; word-spacing: 0px; white-space: normal; background-color: rgb(255, 255, 255); text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman'; font-weight: bold;">Reclassifications</div> <div style="display:none;"><br/></div> <div style="color: rgb(0, 0, 0); font-size: 10pt; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; text-align: left; text-indent: 0px; text-transform: none; word-spacing: 0px; white-space: normal; background-color: rgb(255, 255, 255); text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';"><span style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 10pt; font-style: normal; font-variant: normal; text-transform: none;"><br/> </span> </div> <div><span style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 10pt; font-style: normal; font-variant: normal; text-transform: none;"> </span></div> <div style="display:none;"><br/></div> <div style="color: rgb(0, 0, 0); font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; text-indent: 0px; text-transform: none; word-spacing: 0px; white-space: normal; background-color: rgb(255, 255, 255); text-decoration-style: initial; text-decoration-color: initial; text-align: justify; font-family: 'Times New Roman';">Certain reclassifications have been made to the 2022 consolidated financials statements to conform to classification used for September 30, 2023. These reclassifications had no impact on net income, shareholders’ equity or cash flows as previously reported.</div>
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FinancingReceivableAllowanceForCreditLossesWriteOffs
23000
us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
7000
us-gaap Financing Receivable Allowance For Credit Loss Writeoff After Recovery
FinancingReceivableAllowanceForCreditLossWriteoffAfterRecovery
16000
us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
5681000
CY2023Q3 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
20649000
CY2023Q3 bsvn Financing Receivable Allowance For Credit Losses And Unfunded Commitments Credit Losses
FinancingReceivableAllowanceForCreditLossesAndUnfundedCommitmentsCreditLosses
21113000
CY2021Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
10316000
us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
20000
us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
14000
us-gaap Financing Receivable Allowance For Credit Loss Writeoff After Recovery
FinancingReceivableAllowanceForCreditLossWriteoffAfterRecovery
6000
us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
2843000
CY2022Q3 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
13153000
CY2023Q3 us-gaap Financing Receivable Originated In Current Fiscal Year
FinancingReceivableOriginatedInCurrentFiscalYear
425627000
CY2023Q3 us-gaap Financing Receivable Originated In Fiscal Year Before Latest Fiscal Year
FinancingReceivableOriginatedInFiscalYearBeforeLatestFiscalYear
281825000
CY2023Q3 us-gaap Financing Receivable Originated Two Years Before Latest Fiscal Year
FinancingReceivableOriginatedTwoYearsBeforeLatestFiscalYear
124384000
CY2023Q3 us-gaap Financing Receivable Originated Three Years Before Latest Fiscal Year
FinancingReceivableOriginatedThreeYearsBeforeLatestFiscalYear
57931000
CY2023Q3 us-gaap Financing Receivable Originated Four Years Before Latest Fiscal Year
FinancingReceivableOriginatedFourYearsBeforeLatestFiscalYear
9271000
CY2023Q3 us-gaap Financing Receivable Originated Five Or More Years Before Latest Fiscal Year
FinancingReceivableOriginatedFiveOrMoreYearsBeforeLatestFiscalYear
13998000
CY2023Q3 us-gaap Financing Receivable Revolving
FinancingReceivableRevolving
482897000
CY2023Q3 us-gaap Notes Receivable Gross
NotesReceivableGross
1395933000
us-gaap Financing Receivable Year One Originated Current Fiscal Year Writeoff
FinancingReceivableYearOneOriginatedCurrentFiscalYearWriteoff
11000
us-gaap Financing Receivable Year Two Originated Fiscal Year Before Current Fiscal Year Writeoff
FinancingReceivableYearTwoOriginatedFiscalYearBeforeCurrentFiscalYearWriteoff
7000
us-gaap Financing Receivable Year Three Originated Two Years Before Current Fiscal Year Writeoff
FinancingReceivableYearThreeOriginatedTwoYearsBeforeCurrentFiscalYearWriteoff
0
us-gaap Financing Receivable Year Four Originated Three Years Before Current Fiscal Year Writeoff
FinancingReceivableYearFourOriginatedThreeYearsBeforeCurrentFiscalYearWriteoff
0
us-gaap Financing Receivable Year Five Originated Four Years Before Current Fiscal Year Writeoff
FinancingReceivableYearFiveOriginatedFourYearsBeforeCurrentFiscalYearWriteoff
5000
us-gaap Financing Receivable Originated More Than Five Years Before Current Fiscal Year Writeoff
FinancingReceivableOriginatedMoreThanFiveYearsBeforeCurrentFiscalYearWriteoff
0
us-gaap Financing Receivable Revolving Writeoff
FinancingReceivableRevolvingWriteoff
0
us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
23000
CY2022Q4 us-gaap Notes Receivable Gross
NotesReceivableGross
1273237000
CY2023Q3 us-gaap Notes Receivable Gross
NotesReceivableGross
1395933000
CY2023Q3 us-gaap Financing Receivable Recorded Investment90 Days Past Due And Still Accruing
FinancingReceivableRecordedInvestment90DaysPastDueAndStillAccruing
9856000
CY2022Q4 us-gaap Notes Receivable Gross
NotesReceivableGross
1273237000
CY2022Q4 us-gaap Financing Receivable Recorded Investment90 Days Past Due And Still Accruing
FinancingReceivableRecordedInvestment90DaysPastDueAndStillAccruing
9941000
CY2023Q3 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
41243000
CY2023Q3 us-gaap Impaired Financing Receivable With No Related Allowance Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceRecordedInvestment
14512000
CY2023Q3 us-gaap Impaired Financing Receivable With Related Allowance Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceRecordedInvestment
26731000
CY2023Q3 us-gaap Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
41243000
CY2023Q3 us-gaap Impaired Financing Receivable Related Allowance
ImpairedFinancingReceivableRelatedAllowance
3115000
us-gaap Impaired Financing Receivable Interest Income Accrual Method
ImpairedFinancingReceivableInterestIncomeAccrualMethod
2625000
CY2022Q4 us-gaap Impaired Financing Receivable Unpaid Principal Balance
ImpairedFinancingReceivableUnpaidPrincipalBalance
22721000
CY2022Q4 us-gaap Impaired Financing Receivable With No Related Allowance Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceRecordedInvestment
20887000
CY2022Q4 us-gaap Impaired Financing Receivable With Related Allowance Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceRecordedInvestment
133000
CY2022Q4 us-gaap Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
21020000
CY2022Q4 us-gaap Impaired Financing Receivable Related Allowance
ImpairedFinancingReceivableRelatedAllowance
133000
CY2022 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
23584000
CY2022 bsvn Impaired Financing Receivable Interest Income Expense Accrual Method
ImpairedFinancingReceivableInterestIncomeExpenseAccrualMethod
1355000
CY2023Q3 bsvn Collateral Dependent Loans Receivable Allowance For Credit Loss
CollateralDependentLoansReceivableAllowanceForCreditLoss
3000000
CY2023Q3 bsvn Ctbi Financing Receivable Modification Recorded Investment Nonaccrual Status
ctbi_FinancingReceivableModificationRecordedInvestmentNonaccrualStatus
26615000
CY2022 us-gaap Financing Receivable Modifications Number Of Contracts2
FinancingReceivableModificationsNumberOfContracts2
0
CY2022 us-gaap Financing Receivable Modifications Subsequent Default Recorded Investment1
FinancingReceivableModificationsSubsequentDefaultRecordedInvestment1
0
CY2022Q4 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
8039000
CY2022Q4 bsvn Financing Receivable Recorded Investment Troubled Debt Restructurings
FinancingReceivableRecordedInvestmentTroubledDebtRestructurings
0
CY2022Q4 us-gaap Financing Receivable Recorded Investment90 Days Past Due And Still Accruing
FinancingReceivableRecordedInvestment90DaysPastDueAndStillAccruing
9941000
CY2022Q4 bsvn Financing Receivable Recorded Investment Non Performing Loans
FinancingReceivableRecordedInvestmentNonPerformingLoans
17980000
CY2022Q4 us-gaap Financing Receivable Modifications Recorded Investment
FinancingReceivableModificationsRecordedInvestment
1200000
CY2023Q3 us-gaap Statutory Accounting Practices Statutory Amount Available For Dividend Payments Without Regulatory Approval
StatutoryAccountingPracticesStatutoryAmountAvailableForDividendPaymentsWithoutRegulatoryApproval
66300000
CY2023Q3 us-gaap Loans And Leases Receivable Related Parties
LoansAndLeasesReceivableRelatedParties
209000
CY2022Q4 us-gaap Loans And Leases Receivable Related Parties
LoansAndLeasesReceivableRelatedParties
132000
us-gaap Defined Contribution Plan Maximum Annual Contributions Per Employee Percent
DefinedContributionPlanMaximumAnnualContributionsPerEmployeePercent
0.05
CY2023Q3 us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
93000
CY2022Q3 us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
74000
us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
302000
us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
281000
CY2023Q3 us-gaap Fair Value Disclosure Offbalance Sheet Risks Amount Liability
FairValueDisclosureOffbalanceSheetRisksAmountLiability
247227000
CY2022Q4 us-gaap Fair Value Disclosure Offbalance Sheet Risks Amount Liability
FairValueDisclosureOffbalanceSheetRisksAmountLiability
199070000
CY2023Q3 us-gaap Goodwill
Goodwill
8500000
CY2023Q3 bsvn Financing Receivable Credit Loss Expense Reversal For Loan Customer That Filed For Bankruptcy
FinancingReceivableCreditLossExpenseReversalForLoanCustomerThatFiledForBankruptcy
3000000

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ef20012321_10q.htm Edgar Link pending
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