2021 Q1 Form 10-Q Financial Statement

#000143774921005884 Filed on March 12, 2021

View on sec.gov

Income Statement

Concept 2021 Q1 2020 Q2 2020 Q1
Revenue $14.61M $16.80M $16.80M
YoY Change -13.02% 6.89% 17.55%
Cost Of Revenue $8.202M $9.676M $9.337M
YoY Change -12.16% -7.49% 8.09%
Gross Profit $6.410M $2.941M $7.463M
YoY Change -14.11% -44.07% 32.0%
Gross Profit Margin 43.87% 17.51% 44.42%
Selling, General & Admin $3.522M $3.987M $3.259M
YoY Change 8.07% 3.18% -4.87%
% of Gross Profit 54.95% 135.57% 43.67%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.020M $1.316M $1.316M
YoY Change -22.49% 31.73% 217.11%
% of Gross Profit 15.91% 44.75% 17.63%
Operating Expenses $4.542M $5.271M $4.575M
YoY Change -0.72% 16.82% 19.11%
Operating Profit $1.868M $2.888M $2.888M
YoY Change -35.32% 287.13% 59.29%
Interest Expense $758.0K $1.112M $1.112M
YoY Change -31.83% -1507.59% 2427.27%
% of Operating Profit 40.58% 38.5% 38.5%
Other Income/Expense, Net -$751.0K -$1.037M -$1.037M
YoY Change -27.58% -404.11%
Pretax Income $1.117M $1.851M $1.851M
YoY Change -39.65% 177.51% -14.07%
Income Tax $185.0K -$747.0K $494.0K
% Of Pretax Income 16.56% -40.36% 26.69%
Net Earnings $503.0K $1.335M $1.335M
YoY Change -62.32% 371.73% -0.37%
Net Earnings / Revenue 3.44% 7.95% 7.95%
Basic Earnings Per Share $0.01 $0.02 $0.02
Diluted Earnings Per Share $0.01 $0.02 $0.02
COMMON SHARES
Basic Shares Outstanding 74.03M 67.95M 67.95M
Diluted Shares Outstanding 74.03M 67.95M 67.95M

Balance Sheet

Concept 2021 Q1 2020 Q2 2020 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $18.22M $16.79M $15.78M
YoY Change 15.45% 86.3% 79.28%
Cash & Equivalents $18.22M $16.79M $15.78M
Short-Term Investments
Other Short-Term Assets $1.735M $1.620M $1.753M
YoY Change -1.03% -22.6% 24.59%
Inventory $8.997M $8.615M $9.082M
Prepaid Expenses
Receivables $2.982M $2.784M $3.076M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $31.94M $30.01M $29.69M
YoY Change 7.55% 28.87% 31.11%
LONG-TERM ASSETS
Property, Plant & Equipment $56.25M $54.75M $55.14M
YoY Change 2.01% 269.63% 359.96%
Goodwill
YoY Change
Intangibles $7.797M $6.483M $6.315M
YoY Change 23.47% 1.19% -3.0%
Long-Term Investments
YoY Change
Other Assets $3.048M $3.546M $3.883M
YoY Change -21.5% -19.41% -22.04%
Total Long-Term Assets $67.09M $64.78M $65.33M
YoY Change 2.69% 152.85% 178.28%
TOTAL ASSETS
Total Short-Term Assets $31.94M $30.01M $29.69M
Total Long-Term Assets $67.09M $64.78M $65.33M
Total Assets $99.03M $94.78M $95.03M
YoY Change 4.21% 93.82% 106.02%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.990M $962.0K $1.681M
YoY Change 18.38% -45.77% -0.83%
Accrued Expenses $1.696M $2.571M $1.510M
YoY Change 12.32% 54.51% -10.91%
Deferred Revenue $4.257M $2.189M $1.509M
YoY Change 182.11% -20.63% -53.71%
Short-Term Debt $1.046M $1.338M $1.121M
YoY Change -6.69% 4.53% 14.97%
Long-Term Debt Due $6.058M $2.228M $1.010M
YoY Change 499.8% 17.32% -29.91%
Total Short-Term Liabilities $15.76M $10.93M $10.38M
YoY Change 51.81% 10.99% -0.01%
LONG-TERM LIABILITIES
Long-Term Debt $40.81M $3.211M $1.520M
YoY Change 2585.07% 54.67% 121.57%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $44.22M $46.05M $44.99M
YoY Change -1.7% 877.85% 1792.51%
TOTAL LIABILITIES
Total Short-Term Liabilities $15.76M $10.93M $10.38M
Total Long-Term Liabilities $44.22M $46.05M $44.99M
Total Liabilities $59.98M $56.98M $55.36M
YoY Change 8.33% 291.39% 333.99%
SHAREHOLDERS EQUITY
Retained Earnings $18.96M $18.15M $19.54M
YoY Change -2.98% 30.43% 43.35%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.898M $1.713M $1.713M
YoY Change 10.8% 23.5% 47.04%
Treasury Stock Shares $3.686M $3.321M $3.321M
Shareholders Equity $33.88M $32.81M $33.45M
YoY Change
Total Liabilities & Shareholders Equity $99.03M $94.78M $95.03M
YoY Change 4.21% 93.82% 106.02%

Cashflow Statement

Concept 2021 Q1 2020 Q2 2020 Q1
OPERATING ACTIVITIES
Net Income $503.0K $1.335M $1.335M
YoY Change -62.32% 371.73% -0.37%
Depreciation, Depletion And Amortization $1.020M $1.316M $1.316M
YoY Change -22.49% 31.73% 217.11%
Cash From Operating Activities $2.886M -$343.0K $1.539M
YoY Change 87.52% -116.55% -38.59%
INVESTING ACTIVITIES
Capital Expenditures -$1.950M -$1.330M -$1.158M
YoY Change 68.39% -61.85% -1.03%
Acquisitions
YoY Change
Other Investing Activities $0.00 $45.00K $75.00K
YoY Change -100.0%
Cash From Investing Activities -$1.950M -$1.285M -$1.083M
YoY Change 80.06% -63.14% -7.44%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -119.0K 2.639M -1.699M
YoY Change -93.0% 62.5% 12.89%
NET CHANGE
Cash From Operating Activities 2.886M -343.0K 1.539M
Cash From Investing Activities -1.950M -1.285M -1.083M
Cash From Financing Activities -119.0K 2.639M -1.699M
Net Change In Cash 817.0K 1.011M -1.243M
YoY Change -165.73% 379.15% 635.5%
FREE CASH FLOW
Cash From Operating Activities $2.886M -$343.0K $1.539M
Capital Expenditures -$1.950M -$1.330M -$1.158M
Free Cash Flow $4.836M $987.0K $2.697M
YoY Change 79.31% -82.25% -26.63%

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