2021 Q3 Form 10-Q Financial Statement

#000143774921021896 Filed on September 10, 2021

View on sec.gov

Income Statement

Concept 2021 Q3 2020 Q3
Revenue $18.15M $12.99M
YoY Change 39.7% -23.67%
Cost Of Revenue $9.713M $8.510M
YoY Change 14.14% -3.5%
Gross Profit $8.432M $4.479M
YoY Change 88.26% -45.36%
Gross Profit Margin 46.47% 34.48%
Selling, General & Admin $3.708M $3.045M
YoY Change 21.77% -11.41%
% of Gross Profit 43.98% 67.98%
Research & Development $326.0K $763.0K
YoY Change -57.27% 92.19%
% of Gross Profit 3.87% 17.04%
Depreciation & Amortization $1.314M $1.306M
YoY Change 0.61% 5.41%
% of Gross Profit 15.58% 29.16%
Operating Expenses $326.0K $763.0K
YoY Change -57.27% 92.19%
Operating Profit $4.022M $128.0K
YoY Change 3042.19% -96.36%
Interest Expense $614.0K $588.0K
YoY Change 4.42% -46.4%
% of Operating Profit 15.27% 459.38%
Other Income/Expense, Net $1.387M -$588.0K
YoY Change -335.88% 3.52%
Pretax Income $5.409M -$460.0K
YoY Change -1275.87% -115.58%
Income Tax $631.0K -$6.000K
% Of Pretax Income 11.67%
Net Earnings $2.906M -$15.00K
YoY Change -19473.33% -100.73%
Net Earnings / Revenue 16.02% -0.12%
Basic Earnings Per Share $0.04 $0.00
Diluted Earnings Per Share $0.04 $0.00
COMMON SHARES
Basic Shares Outstanding 75.37M 74.39M
Diluted Shares Outstanding 75.37M 74.39M

Balance Sheet

Concept 2021 Q3 2020 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $20.59M $17.61M
YoY Change 16.89% 71.82%
Cash & Equivalents $20.59M $17.61M
Short-Term Investments
Other Short-Term Assets $1.521M $1.862M
YoY Change -18.31% 6.64%
Inventory $8.455M $10.04M
Prepaid Expenses
Receivables $2.957M $3.830M
Other Receivables $0.00 $0.00
Total Short-Term Assets $34.10M $33.34M
YoY Change 2.26% 25.18%
LONG-TERM ASSETS
Property, Plant & Equipment $56.67M $54.91M
YoY Change 3.2% -1.49%
Goodwill
YoY Change
Intangibles $8.011M $6.872M
YoY Change 16.57% 11.5%
Long-Term Investments
YoY Change
Other Assets $2.730M $3.363M
YoY Change -18.82% -19.93%
Total Long-Term Assets $67.41M $65.15M
YoY Change 3.47% -1.45%
TOTAL ASSETS
Total Short-Term Assets $34.10M $33.34M
Total Long-Term Assets $67.41M $65.15M
Total Assets $101.5M $98.49M
YoY Change 3.06% 6.2%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.316M $1.356M
YoY Change 70.8% -21.89%
Accrued Expenses $1.628M $1.756M
YoY Change -7.29% 16.45%
Deferred Revenue $2.804M $6.656M
YoY Change -57.87% 125.78%
Short-Term Debt $1.231M $1.246M
YoY Change -1.2% 27.79%
Long-Term Debt Due $3.976M $2.852M
YoY Change 39.41% 78.7%
Total Short-Term Liabilities $13.24M $15.58M
YoY Change -15.0% 41.01%
LONG-TERM LIABILITIES
Long-Term Debt $38.82M $2.993M
YoY Change 1197.13% 64.18%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $41.96M $45.52M
YoY Change -7.82% 0.81%
TOTAL LIABILITIES
Total Short-Term Liabilities $13.24M $15.58M
Total Long-Term Liabilities $41.96M $45.52M
Total Liabilities $55.20M $61.10M
YoY Change -9.65% 8.71%
SHAREHOLDERS EQUITY
Retained Earnings $22.49M $18.13M
YoY Change 24.01% 13.51%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.909M $1.821M
YoY Change 4.83% 27.34%
Treasury Stock Shares $3.704M $3.533M
Shareholders Equity $38.42M $32.84M
YoY Change
Total Liabilities & Shareholders Equity $101.5M $98.49M
YoY Change 3.06% 6.2%

Cashflow Statement

Concept 2021 Q3 2020 Q3
OPERATING ACTIVITIES
Net Income $2.906M -$15.00K
YoY Change -19473.33% -100.73%
Depreciation, Depletion And Amortization $1.314M $1.306M
YoY Change 0.61% 5.41%
Cash From Operating Activities $860.0K $2.496M
YoY Change -65.54% 172.19%
INVESTING ACTIVITIES
Capital Expenditures $1.275M $1.977M
YoY Change -35.51% 3308.62%
Acquisitions
YoY Change
Other Investing Activities $0.00
YoY Change -100.0%
Cash From Investing Activities -$1.275M -$1.977M
YoY Change -35.51% -315.59%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00 $108.0K
YoY Change -100.0% 151.16%
Debt Paid & Issued, Net $988.0K $1.595M
YoY Change -38.06% 186.87%
Cash From Financing Activities -$1.022M $298.0K
YoY Change -442.95% -149.75%
NET CHANGE
Cash From Operating Activities $860.0K $2.496M
Cash From Investing Activities -$1.275M -$1.977M
Cash From Financing Activities -$1.022M $298.0K
Net Change In Cash -$1.437M $817.0K
YoY Change -275.89% -33.85%
FREE CASH FLOW
Cash From Operating Activities $860.0K $2.496M
Capital Expenditures $1.275M $1.977M
Free Cash Flow -$415.0K $519.0K
YoY Change -179.96% -39.58%

Facts In Submission

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IncreaseDecreaseInContractWithCustomerLiability
4567000 USD
CY2021Q3 buks Increase Decrease In Lease Liability
IncreaseDecreaseInLeaseLiability
0 USD
CY2020Q3 buks Increase Decrease In Lease Liability
IncreaseDecreaseInLeaseLiability
-276000 USD
CY2021Q3 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-234000 USD
CY2020Q3 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-815000 USD
CY2021Q3 buks Increase Decrease In Gaming Facility Mandated Payment
IncreaseDecreaseInGamingFacilityMandatedPayment
-227000 USD
CY2020Q3 buks Increase Decrease In Gaming Facility Mandated Payment
IncreaseDecreaseInGamingFacilityMandatedPayment
-92000 USD
CY2021Q3 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
631000 USD
CY2020Q3 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-6000 USD
CY2021Q3 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
80000 USD
CY2020Q3 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
40000 USD
CY2021Q3 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
860000 USD
CY2020Q3 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
2496000 USD
CY2021Q3 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1275000 USD
CY2020Q3 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1977000 USD
CY2021Q3 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1275000 USD
CY2020Q3 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1977000 USD
CY2021Q3 us-gaap Proceeds From Repayments Of Secured Debt
ProceedsFromRepaymentsOfSecuredDebt
0 USD
CY2020Q3 us-gaap Proceeds From Repayments Of Secured Debt
ProceedsFromRepaymentsOfSecuredDebt
2001000 USD
CY2021Q3 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
988000 USD
CY2020Q3 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
1595000 USD
CY2021Q3 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
34000 USD
CY2020Q3 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
-0 USD
CY2021Q3 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
-0 USD
CY2020Q3 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
108000 USD
CY2021Q3 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-1022000 USD
CY2020Q3 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
298000 USD
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-1437000 USD
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
817000 USD
CY2021Q2 us-gaap Cash
Cash
22022000 USD
CY2020Q2 us-gaap Cash
Cash
16793000 USD
CY2021Q3 us-gaap Cash
Cash
20585000 USD
CY2020Q3 us-gaap Cash
Cash
17610000 USD
CY2021Q3 us-gaap Interest Paid Net
InterestPaidNet
630000 USD
CY2020Q3 us-gaap Interest Paid Net
InterestPaidNet
584000 USD
CY2021Q3 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
0 USD
CY2020Q3 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
0 USD
CY2020Q3 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
12989000 USD
CY2021Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
75366749
CY2021Q3 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
18145000 USD
CY2021Q3 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
18145000 USD
CY2021Q3 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
18145000 USD
CY2020Q3 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
12989000 USD
CY2020Q3 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
12989000 USD
CY2021Q3 us-gaap Accounts Receivable Net
AccountsReceivableNet
2957000 USD
CY2021Q2 us-gaap Accounts Receivable Net
AccountsReceivableNet
1961000 USD
CY2021Q3 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
578000 USD
CY2021Q2 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
421000 USD
CY2021Q3 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
2804000 USD
CY2021Q3 us-gaap Other Assets Miscellaneous
OtherAssetsMiscellaneous
907000 USD
CY2021Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
148000 USD
CY2021Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
5798000 USD
CY2021Q3 us-gaap Accounts Receivable Net
AccountsReceivableNet
2957000 USD
CY2021Q2 us-gaap Accounts Receivable Net
AccountsReceivableNet
1961000 USD
CY2021Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
143000 USD
CY2021Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
143000 USD
CY2021Q3 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
578000 USD
CY2021Q2 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
421000 USD
CY2021Q3 us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
157000 USD
CY2021Q3 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-3000000.0 USD
CY2021Q3 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
691000 USD
CY2021Q2 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
691000 USD
CY2021Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
326000 USD
CY2020Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
763000 USD
CY2021Q3 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
2000000 USD
CY2021Q3 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
2000000 USD
CY2021Q3 us-gaap Line Of Credit Facility Interest Rate At Period End
LineOfCreditFacilityInterestRateAtPeriodEnd
0.0365 pure
CY2020Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
150000 USD
CY2021Q3 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
4000000 USD
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
2721415
us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
0.36
buks Treasury Stock Shares Acquired As Part Of Publicly Announced Programs
TreasuryStockSharesAcquiredAsPartOfPubliclyAnnouncedPrograms
2721415
CY2020Q2 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
3019000 USD
CY2020Q3 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
212000
CY2020Q3 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
0.51
CY2020Q3 buks Treasury Stock Shares Acquired As Part Of Publicly Announced Programs
TreasuryStockSharesAcquiredAsPartOfPubliclyAnnouncedPrograms
212000
CY2020Q3 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
2911000 USD
CY2020Q4 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
152915
CY2020Q4 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
0.50
CY2020Q4 buks Treasury Stock Shares Acquired As Part Of Publicly Announced Programs
TreasuryStockSharesAcquiredAsPartOfPubliclyAnnouncedPrograms
152915
CY2020Q4 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
2835000 USD
CY2021Q1 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
0
CY2021Q1 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
0
CY2021Q1 buks Treasury Stock Shares Acquired As Part Of Publicly Announced Programs
TreasuryStockSharesAcquiredAsPartOfPubliclyAnnouncedPrograms
0
CY2021Q1 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
2835000 USD
CY2021Q2 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
17303
CY2021Q2 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
0.65
CY2021Q2 buks Treasury Stock Shares Acquired As Part Of Publicly Announced Programs
TreasuryStockSharesAcquiredAsPartOfPubliclyAnnouncedPrograms
17303
CY2021Q2 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
2823000 USD
CY2021Q3 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
0
CY2021Q3 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
0
CY2021Q3 buks Treasury Stock Shares Acquired As Part Of Publicly Announced Programs
TreasuryStockSharesAcquiredAsPartOfPubliclyAnnouncedPrograms
0
CY2021Q3 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
2823000 USD
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
3103633
us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
0.38
buks Treasury Stock Shares Acquired As Part Of Publicly Announced Programs
TreasuryStockSharesAcquiredAsPartOfPubliclyAnnouncedPrograms
3103633
CY2021Q3 us-gaap Finance Lease Right Of Use Asset Before Accumulated Amortization
FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization
3099000 USD
CY2021Q3 us-gaap Finance Lease Right Of Use Asset Accumulated Amortization
FinanceLeaseRightOfUseAssetAccumulatedAmortization
488000 USD
CY2021Q3 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
2611000 USD
CY2021Q3 us-gaap Finance Lease Liability Payments Due In Next Rolling Twelve Months
FinanceLeaseLiabilityPaymentsDueInNextRollingTwelveMonths
246000 USD
CY2021Q3 us-gaap Finance Lease Liability Payments Due In Rolling Year Two
FinanceLeaseLiabilityPaymentsDueInRollingYearTwo
251000 USD
CY2021Q3 us-gaap Finance Lease Liability Payments Due In Rolling Year Three
FinanceLeaseLiabilityPaymentsDueInRollingYearThree
242000 USD
CY2021Q3 us-gaap Finance Lease Liability Payments Due In Rolling Year Four
FinanceLeaseLiabilityPaymentsDueInRollingYearFour
103000 USD
CY2021Q3 us-gaap Finance Lease Liability Payments Due In Rolling Year Five
FinanceLeaseLiabilityPaymentsDueInRollingYearFive
106000 USD
CY2021Q3 us-gaap Finance Lease Liability Payments Due In Rolling After Year Five
FinanceLeaseLiabilityPaymentsDueInRollingAfterYearFive
7093000 USD
CY2021Q3 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
8041000 USD
CY2021Q3 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
5209000 USD
CY2021Q3 us-gaap Finance Lease Liability
FinanceLeaseLiability
2832000 USD
CY2021Q3 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
100000 USD
CY2021Q3 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
2732000 USD
CY2021Q3 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 pure
CY2021Q3 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
18145000 USD
CY2021Q3 us-gaap Interest Expense
InterestExpense
614000 USD
CY2021Q3 us-gaap Depreciation And Amortization
DepreciationAndAmortization
702000 USD
CY2021Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
4022000 USD
CY2020Q3 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
12989000 USD
CY2020Q3 us-gaap Interest Expense
InterestExpense
588000 USD
CY2020Q3 us-gaap Depreciation And Amortization
DepreciationAndAmortization
1043000 USD
CY2020Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
128000 USD
CY2011Q3 buks Dividends Stock Issued Per Share
DividendsStockIssuedPerShare
1
CY2011Q3 buks Preferred Share Purchase Right Exercisable Percentage Of Common Stock Outstanding
PreferredSharePurchaseRightExercisablePercentageOfCommonStockOutstanding
0.15 pure
CY2011Q3 buks Preferred Share Purchase Right Purchase Discount
PreferredSharePurchaseRightPurchaseDiscount
0.50 pure

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