2022 Q2 Form 10-Q Financial Statement

#000114036122029674 Filed on August 15, 2022

View on sec.gov

Income Statement

Concept 2022 Q2 2021 Q4 2021 Q2
Revenue $8.501M $6.884M
YoY Change 23.49% 50.7%
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 $651.0K $220.0K $430.0K
YoY Change 51.4% -540.0% -714.29%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $463.0K $1.063M
YoY Change -56.44% -30.84%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $2.610M -$2.040M $2.558M
YoY Change 2.03% 195.65% -2082.95%
Income Tax $757.0K -$640.0K $1.824M
% Of Pretax Income 29.0% 71.31%
Net Earnings $1.854M -$1.450M $701.0K
YoY Change 164.48% 150.0% 224.54%
Net Earnings / Revenue 21.81% 10.18%
Basic Earnings Per Share $0.03 $0.01
Diluted Earnings Per Share $0.03 -$20.31K $0.01
COMMON SHARES
Basic Shares Outstanding 72.53M 70.16M
Diluted Shares Outstanding 72.99M 70.30M

Balance Sheet

Concept 2022 Q2 2021 Q4 2021 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $280.1M $231.5M $210.4M
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 $10.35M $10.34M $9.159M
YoY Change 13.05% 307.24% 186.22%
Goodwill $25.86M $26.00M $26.00M
YoY Change -0.53%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $9.012M $6.100M $5.500M
YoY Change 63.85% 8.93% 1.85%
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $1.224B $1.094B $1.041B
YoY Change 17.6% 126.22% 111.89%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $9.066M $12.40M $9.000M
YoY Change 0.73% 188.37% 95.65%
Deferred Revenue
YoY Change
Short-Term Debt $81.29M $66.00M $84.70M
YoY Change -4.02%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $9.066M $12.40M $9.000M
YoY Change 0.73% 188.37% 95.65%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $2.800M
YoY Change -100.0% -100.0% -26.32%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00 $2.800M
YoY Change -100.0% -100.0% -42.86%
TOTAL LIABILITIES
Total Short-Term Liabilities $9.066M $12.40M $9.000M
Total Long-Term Liabilities $0.00 $0.00 $2.800M
Total Liabilities $939.5M $952.4M $897.5M
YoY Change 4.68% 119.2% 103.15%
SHAREHOLDERS EQUITY
Retained Earnings $6.470M $3.673M $4.997M
YoY Change 29.48% -52.81%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $5.326M $5.326M $5.326M
YoY Change 0.0% 0.0%
Treasury Stock Shares $2.618M $2.618M $2.618M
Shareholders Equity $284.6M $141.0M $143.5M
YoY Change
Total Liabilities & Shareholders Equity $1.224B $1.094B $1.041B
YoY Change 17.6% 126.22% 111.89%

Cashflow Statement

Concept 2022 Q2 2021 Q4 2021 Q2
OPERATING ACTIVITIES
Net Income $1.854M -$1.450M $701.0K
YoY Change 164.48% 150.0% 224.54%
Depreciation, Depletion And Amortization $651.0K $220.0K $430.0K
YoY Change 51.4% -540.0% -714.29%
Cash From Operating Activities $1.449M -$3.340M -$510.0K
YoY Change -384.12% -112.75% -82.89%
INVESTING ACTIVITIES
Capital Expenditures -$516.0K -$1.020M -$40.00K
YoY Change 1190.0% -1375.0% -78.95%
Acquisitions
YoY Change
Other Investing Activities -$64.65M -$5.160M $60.28M
YoY Change -207.26% -134.26% 712.4%
Cash From Investing Activities -$65.17M -$6.180M $60.24M
YoY Change -208.18% -140.82% 733.2%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 97.75M 32.35M 62.50M
YoY Change 56.4% -316.24% -487.48%
NET CHANGE
Cash From Operating Activities 1.449M -3.340M -510.0K
Cash From Investing Activities -65.17M -6.180M 60.24M
Cash From Financing Activities 97.75M 32.35M 62.50M
Net Change In Cash 34.03M 22.83M 122.2M
YoY Change -72.16% -13.46% -1128.87%
FREE CASH FLOW
Cash From Operating Activities $1.449M -$3.340M -$510.0K
Capital Expenditures -$516.0K -$1.020M -$40.00K
Free Cash Flow $1.965M -$2.320M -$470.0K
YoY Change -518.09% -108.88% -83.15%

Facts In Submission

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NotesReceivableGross
653746000
CY2022Q2 us-gaap Impaired Financing Receivable Unpaid Principal Balance
ImpairedFinancingReceivableUnpaidPrincipalBalance
2510000
CY2022Q2 us-gaap Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
2197000
CY2022Q2 us-gaap Impaired Financing Receivable Related Allowance
ImpairedFinancingReceivableRelatedAllowance
7000
CY2021Q4 us-gaap Impaired Financing Receivable Unpaid Principal Balance
ImpairedFinancingReceivableUnpaidPrincipalBalance
2301000
CY2021Q4 us-gaap Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
2301000
CY2021Q4 us-gaap Impaired Financing Receivable Related Allowance
ImpairedFinancingReceivableRelatedAllowance
7000
CY2022Q2 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
2534000
CY2022Q2 us-gaap Impaired Financing Receivable Interest Income Cash Basis Method
ImpairedFinancingReceivableInterestIncomeCashBasisMethod
31000
CY2021Q2 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
4361000
CY2021Q2 us-gaap Impaired Financing Receivable Interest Income Cash Basis Method
ImpairedFinancingReceivableInterestIncomeCashBasisMethod
72000
us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
2550000
us-gaap Impaired Financing Receivable Interest Income Cash Basis Method
ImpairedFinancingReceivableInterestIncomeCashBasisMethod
62000
us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
4512000
us-gaap Impaired Financing Receivable Interest Income Cash Basis Method
ImpairedFinancingReceivableInterestIncomeCashBasisMethod
147000
CY2022Q2 us-gaap Loans And Leases Receivable Impaired Interest Lost On Nonaccrual Loans
LoansAndLeasesReceivableImpairedInterestLostOnNonaccrualLoans
23000
us-gaap Employee Stock Ownership Plan Esop Compensation Expense
EmployeeStockOwnershipPlanESOPCompensationExpense
47000
CY2022Q2 us-gaap Employee Stock Ownership Plan Esop Compensation Expense
EmployeeStockOwnershipPlanESOPCompensationExpense
27000
CY2021Q2 us-gaap Employee Stock Ownership Plan Esop Compensation Expense
EmployeeStockOwnershipPlanESOPCompensationExpense
25000
CY2022Q2 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
627000
CY2021Q4 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
684000
CY2021Q4 us-gaap Financing Receivable Recorded Investment90 Days Past Due And Still Accruing
FinancingReceivableRecordedInvestment90DaysPastDueAndStillAccruing
0
CY2022Q2 us-gaap Financing Receivable Recorded Investment90 Days Past Due And Still Accruing
FinancingReceivableRecordedInvestment90DaysPastDueAndStillAccruing
0
CY2022Q2 us-gaap Financing Receivable Modifications Recorded Investment
FinancingReceivableModificationsRecordedInvestment
2000000.0
CY2021Q4 us-gaap Financing Receivable Modifications Recorded Investment
FinancingReceivableModificationsRecordedInvestment
1800000
CY2022Q2 byfc Allowance For Credit Losses Related To Troubled Debt Restructured Loans
AllowanceForCreditLossesRelatedToTroubledDebtRestructuredLoans
7000
CY2021Q4 byfc Allowance For Credit Losses Related To Troubled Debt Restructured Loans
AllowanceForCreditLossesRelatedToTroubledDebtRestructuredLoans
7000
byfc Financing Receivable Modifications Return To Accrual Status Period Of Timely Payments
FinancingReceivableModificationsReturnToAccrualStatusPeriodOfTimelyPayments
P6M
CY2021Q4 us-gaap Loans And Leases Receivable Impaired Commitment To Lend
LoansAndLeasesReceivableImpairedCommitmentToLend
0
CY2022Q2 us-gaap Loans And Leases Receivable Impaired Commitment To Lend
LoansAndLeasesReceivableImpairedCommitmentToLend
0
us-gaap Financing Receivable Modifications Number Of Contracts2
FinancingReceivableModificationsNumberOfContracts2
0
CY2022Q2 us-gaap Financing Receivable Modifications Number Of Contracts2
FinancingReceivableModificationsNumberOfContracts2
0
CY2021Q2 us-gaap Financing Receivable Modifications Number Of Contracts2
FinancingReceivableModificationsNumberOfContracts2
0
us-gaap Financing Receivable Modifications Number Of Contracts2
FinancingReceivableModificationsNumberOfContracts2
0
CY2022Q2 us-gaap Notes Receivable Gross
NotesReceivableGross
650682000
CY2021Q4 us-gaap Notes Receivable Gross
NotesReceivableGross
653746000
CY2021Q2 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
26000000.0
us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0
CY2021Q4 us-gaap Goodwill
Goodwill
25996000
us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
0
byfc Goodwill Change In Deferred Tax Estimate
GoodwillChangeInDeferredTaxEstimate
138000
us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0
CY2022Q2 us-gaap Goodwill
Goodwill
25858000
byfc Number Of Notes Payables
NumberOfNotesPayables
2
CY2016Q4 byfc Cost Of Shares Purchased By Esop
CostOfSharesPurchasedByESOP
2400000
CY2022Q2 us-gaap Securities Sold Under Agreements To Repurchase
SecuritiesSoldUnderAgreementsToRepurchase
67300000
byfc Weighted Average Rate On Repurchase Agreements
WeightedAverageRateOnRepurchaseAgreements
0.0022
CY2022Q2 us-gaap Securities Sold Under Agreements To Repurchase Collateral Right To Reclaim Securities
SecuritiesSoldUnderAgreementsToRepurchaseCollateralRightToReclaimSecurities
72700000
CY2021Q4 us-gaap Securities Sold Under Agreements To Repurchase
SecuritiesSoldUnderAgreementsToRepurchase
52000000.0
CY2021 byfc Weighted Average Rate On Repurchase Agreements
WeightedAverageRateOnRepurchaseAgreements
0.0010
CY2021Q4 us-gaap Securities Sold Under Agreements To Repurchase Collateral Right To Reclaim Securities
SecuritiesSoldUnderAgreementsToRepurchaseCollateralRightToReclaimSecurities
53200000
CY2022Q2 us-gaap Notes Payable
NotesPayable
14000000.0
CY2022Q2 us-gaap Notes Payable
NotesPayable
14000000.0
CY2016Q4 us-gaap Employee Stock Ownership Plan Esop Shares Contributed To Esop
EmployeeStockOwnershipPlanESOPSharesContributedToESOP
1493679
CY2016Q4 us-gaap Employee Stock Ownership Plan Esop Weighted Average Purchase Price Of Shares Purchased
EmployeeStockOwnershipPlanESOPWeightedAveragePurchasePriceOfSharesPurchased
1.59
us-gaap Employee Stock Ownership Plan Esop Compensation Expense
EmployeeStockOwnershipPlanESOPCompensationExpense
45000
CY2016Q4 us-gaap Origination Of Loans To Employee Stock Ownership Plans
OriginationOfLoansToEmployeeStockOwnershipPlans
1200000
byfc Employee Stock Ownership Plan Loan Term
EmployeeStockOwnershipPlanLoanTerm
P20Y
CY2022Q2 us-gaap Employee Stock Ownership Plan Esop Number Of Allocated Shares
EmployeeStockOwnershipPlanESOPNumberOfAllocatedShares
1062326
CY2021Q4 us-gaap Employee Stock Ownership Plan Esop Number Of Allocated Shares
EmployeeStockOwnershipPlanESOPNumberOfAllocatedShares
1065275
CY2022Q2 us-gaap Employee Stock Ownership Plan Esop Number Of Committed To Be Released Shares
EmployeeStockOwnershipPlanESOPNumberOfCommittedToBeReleasedShares
30192
CY2021Q4 us-gaap Employee Stock Ownership Plan Esop Number Of Committed To Be Released Shares
EmployeeStockOwnershipPlanESOPNumberOfCommittedToBeReleasedShares
10236
CY2022Q2 us-gaap Employee Stock Ownership Plan Esop Number Of Suspense Shares
EmployeeStockOwnershipPlanESOPNumberOfSuspenseShares
501490
CY2021Q4 us-gaap Employee Stock Ownership Plan Esop Number Of Suspense Shares
EmployeeStockOwnershipPlanESOPNumberOfSuspenseShares
562391
CY2022Q2 us-gaap Employee Stock Ownership Plan Esop Shares In Esop
EmployeeStockOwnershipPlanESOPSharesInESOP
1594008
CY2021Q4 us-gaap Employee Stock Ownership Plan Esop Shares In Esop
EmployeeStockOwnershipPlanESOPSharesInESOP
1637902
CY2022Q2 us-gaap Employee Stock Ownership Plan Esop Deferred Shares Fair Value
EmployeeStockOwnershipPlanESOPDeferredSharesFairValue
532000
CY2021Q4 us-gaap Employee Stock Ownership Plan Esop Deferred Shares Fair Value
EmployeeStockOwnershipPlanESOPDeferredSharesFairValue
1040000
CY2022Q2 byfc Unearned Esop Shares Cost
UnearnedESOPSharesCost
797000
CY2021Q4 byfc Unearned Esop Shares Cost
UnearnedESOPSharesCost
829000
CY2021Q4 byfc Banking Regulation Community Bank Leverage Capital Ratio Well Capitalized Minimum
BankingRegulationCommunityBankLeverageCapitalRatioWellCapitalizedMinimum
0.085
CY2022Q2 byfc Banking Regulation Community Bank Leverage Capital Ratio Well Capitalized Minimum
BankingRegulationCommunityBankLeverageCapitalRatioWellCapitalizedMinimum
0.09
CY2022Q2 byfc Banking Regulation Community Bank Leverage Capital Actual
BankingRegulationCommunityBankLeverageCapitalActual
171773000
CY2022Q2 byfc Banking Regulation Community Bank Leverage Capital Ratio Actual
BankingRegulationCommunityBankLeverageCapitalRatioActual
0.1587
CY2022Q2 byfc Banking Regulation Community Bank Leverage Capital Well Capitalized Minimum
BankingRegulationCommunityBankLeverageCapitalWellCapitalizedMinimum
92005000
CY2022Q2 byfc Banking Regulation Community Bank Leverage Capital Ratio Well Capitalized Minimum
BankingRegulationCommunityBankLeverageCapitalRatioWellCapitalizedMinimum
0.0900
CY2021Q4 byfc Banking Regulation Community Bank Leverage Capital Actual
BankingRegulationCommunityBankLeverageCapitalActual
98590000
CY2021Q4 byfc Banking Regulation Community Bank Leverage Capital Ratio Actual
BankingRegulationCommunityBankLeverageCapitalRatioActual
0.0932
CY2021Q4 byfc Banking Regulation Community Bank Leverage Capital Well Capitalized Minimum
BankingRegulationCommunityBankLeverageCapitalWellCapitalizedMinimum
89871000
CY2021Q4 byfc Banking Regulation Community Bank Leverage Capital Ratio Well Capitalized Minimum
BankingRegulationCommunityBankLeverageCapitalRatioWellCapitalizedMinimum
0.0850
byfc Deferred Tax Asset Valuation Allowance Lookback Period
DeferredTaxAssetValuationAllowanceLookbackPeriod
P2Y
CY2022Q2 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
369000

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