2017 Q3 Form 10-K Financial Statement

#000114420417050344 Filed on September 28, 2017

View on sec.gov

Income Statement

Concept 2017 Q3 2016 Q2 2016 Q1
Revenue $1.211M $1.120M $1.198M
YoY Change 12.03% -16.46% 3.44%
Cost Of Revenue $946.0K $1.170M $1.132M
YoY Change -8.42% 2.63% 2.64%
Gross Profit $265.0K -$48.00K $66.00K
YoY Change 452.08% -123.42% 19.57%
Gross Profit Margin 21.88% -4.29% 5.51%
Selling, General & Admin $1.455M $1.520M $1.211M
YoY Change 0.28% 32.17% 25.52%
% of Gross Profit 549.06% 1834.85%
Research & Development $362.0K $140.0K $183.0K
YoY Change 110.47% -12.5% 29.42%
% of Gross Profit 136.6% 277.27%
Depreciation & Amortization $18.00K $140.0K $140.0K
YoY Change 12.5% -6.67% 0.0%
% of Gross Profit 6.79% 212.12%
Operating Expenses $1.817M $1.200M $1.394M
YoY Change 11.95% -7.69% 26.02%
Operating Profit -$1.552M -$1.248M -$1.327M
YoY Change -1.46% 13.97% 26.26%
Interest Expense $10.00K $70.00K $0.00
YoY Change -83.33% 0.0% -100.0%
% of Operating Profit
Other Income/Expense, Net $6.000K -$460.0K $132.0K
YoY Change -92.21% 35.44%
Pretax Income -$1.550M -$1.180M -$1.200M
YoY Change 3.33% 14.56% 26.32%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$1.546M -$1.185M -$1.195M
YoY Change 3.2% 14.53% 25.32%
Net Earnings / Revenue -127.66% -105.8% -99.75%
Basic Earnings Per Share
Diluted Earnings Per Share -$28.17K -$21.44K -$21.81K
COMMON SHARES
Basic Shares Outstanding 55.02M shares 55.01M shares 55.01M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2017 Q3 2016 Q2 2016 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $7.260M $12.39M $11.61M
YoY Change -47.05% -15.08% 14.27%
Cash & Equivalents $3.956M $10.14M $5.694M
Short-Term Investments $3.300M $2.250M $5.910M
Other Short-Term Assets $410.0K $27.00K $290.0K
YoY Change 57.69% 1.15% 31.82%
Inventory $453.0K $334.0K $457.3K
Prepaid Expenses
Receivables $740.0K $600.0K $880.0K
Other Receivables $0.00 $108.00 $5.098K
Total Short-Term Assets $8.866M $13.63M $13.24M
YoY Change -40.62% -16.52% 11.36%
LONG-TERM ASSETS
Property, Plant & Equipment $1.090M $577.0K $415.7K
YoY Change 55.71% 0.38% -37.02%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $2.970M $5.190M
YoY Change -41.88% -48.87%
Other Assets $217.0K $151.0K $222.5K
YoY Change -71.82% -38.38% -65.76%
Total Long-Term Assets $1.915M $4.473M $6.556M
YoY Change 8.81% -33.02% -43.92%
TOTAL ASSETS
Total Short-Term Assets $8.866M $13.63M $13.24M
Total Long-Term Assets $1.915M $4.473M $6.556M
Total Assets $10.78M $18.10M $19.80M
YoY Change -35.4% -21.31% -16.05%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $810.0K $610.0K $730.0K
YoY Change 65.31% 22.0% 65.91%
Accrued Expenses $260.0K $480.0K $480.0K
YoY Change -58.73% -18.64% 9.09%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.067M $1.094M $1.212M
YoY Change -4.73% 0.17% 37.76%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $570.0K $610.0K $1.060M
YoY Change -3.39% -46.02% -4.5%
Total Long-Term Liabilities $570.0K $610.0K $1.060M
YoY Change -3.39% -46.02% -4.5%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.067M $1.094M $1.212M
Total Long-Term Liabilities $570.0K $610.0K $1.060M
Total Liabilities $1.635M $1.701M $2.271M
YoY Change -4.39% -23.41% 14.25%
SHAREHOLDERS EQUITY
Retained Earnings -$74.15M -$66.44M -$65.26M
YoY Change 9.14% 7.63% 7.51%
Common Stock $83.30M $82.84M $82.78M
YoY Change 0.46% 0.39% 150731.64%
Preferred Stock
YoY Change
Treasury Stock (at cost) $0.00 $0.00
YoY Change -100.0% -100.0%
Treasury Stock Shares 0.000 shares 0.000 shares
Shareholders Equity $9.146M $16.40M $17.52M
YoY Change
Total Liabilities & Shareholders Equity $10.78M $18.10M $19.80M
YoY Change -35.39% -21.31% -16.06%

Cashflow Statement

Concept 2017 Q3 2016 Q2 2016 Q1
OPERATING ACTIVITIES
Net Income -$1.546M -$1.185M -$1.195M
YoY Change 3.2% 14.53% 25.32%
Depreciation, Depletion And Amortization $18.00K $140.0K $140.0K
YoY Change 12.5% -6.67% 0.0%
Cash From Operating Activities -$1.661M -$1.200M -$760.0K
YoY Change 22.76% 90.48% -32.74%
INVESTING ACTIVITIES
Capital Expenditures $54.00K -$230.0K -$210.0K
YoY Change -63.27% 283.33% 425.0%
Acquisitions
YoY Change
Other Investing Activities -$260.0K $5.880M $5.980M
YoY Change 766.67% 23.79% 550.0%
Cash From Investing Activities -$315.0K $5.660M $5.760M
YoY Change -3.67% 20.43% 562.07%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 0.000 0.000
YoY Change -100.0%
NET CHANGE
Cash From Operating Activities -1.661M -1.200M -760.0K
Cash From Investing Activities -315.0K 5.660M 5.760M
Cash From Financing Activities 0.000 0.000
Net Change In Cash -1.976M 4.460M 5.000M
YoY Change 17.62% 7.73% -2023.08%
FREE CASH FLOW
Cash From Operating Activities -$1.661M -$1.200M -$760.0K
Capital Expenditures $54.00K -$230.0K -$210.0K
Free Cash Flow -$1.715M -$970.0K -$550.0K
YoY Change 14.33% 70.18% -49.54%

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25000 USD
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10000 USD
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6000 USD
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CY2017 us-gaap Nature Of Operations
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<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN-TOP: 0pt; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0pt" align="center"></div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0.25in"> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> 1.</b></font></div> </td> <td> <div><font style="FONT-FAMILY:Times New Roman, Times, Serif"><b> Organization</b></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> &#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">IsoRay, Inc. was incorporated in Minnesota in 1983. On July 28, 2005, IsoRay Medical, Inc. (Medical) became a wholly-owned subsidiary of IsoRay, Inc. (formerly known as Century Park Pictures Corporation) pursuant to a merger. Medical was formed under Delaware law on June 15, 2004 and on October 1, 2004 acquired two affiliated predecessor companies which began operations in 1998. Medical, a Delaware corporation, develops, manufactures and sells isotope-based medical products and devices for the treatment of cancer and other malignant diseases. Medical is headquartered in Richland, Washington.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">IsoRay International LLC (International), a Washington limited liability company, was formed on November 27, 2007 and is a wholly-owned subsidiary of IsoRay, Inc. International has entered into various international distribution agreements.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
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<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><u>Use of Estimates</u></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The preparation of consolidated financial statements in accordance with generally accepted accounting principles in the United States of America requires management of the Company to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes of the Company including the allowance for doubtful accounts receivable; net realizable value of the enriched barium inventory; the estimated useful lives used in calculating depreciation and amortization on the Company&#8217;s fixed assets, patents, trademarks and other assets; estimated amount and fair value of the asset retirement obligation related to the Company&#8217;s production facilities; and inputs to the Black-Scholes calculation used in determining the expense related to share-based compensation including volatility, estimated lives and forfeiture rates of options granted. Accordingly, actual results could differ from those estimates and affect the amounts reported in the financial statements.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
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23000 USD
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79000 USD
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230000 USD
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133000 USD
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291000 USD
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549000 USD
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479000 USD
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