2016 Q1 Form 10-Q Financial Statement
#000114420416102522 Filed on May 16, 2016
Income Statement
Concept | 2016 Q1 | 2015 Q3 | 2015 Q1 |
---|---|---|---|
Revenue | $18.91M | $14.05M | $14.33M |
YoY Change | 31.94% | 2.63% | 24.09% |
Cost Of Revenue | $13.08M | $10.25M | $10.09M |
YoY Change | 29.63% | 11.9% | 34.42% |
Gross Profit | $5.833M | $3.800M | $4.245M |
YoY Change | 37.42% | -16.11% | 4.93% |
Gross Profit Margin | 30.85% | 27.05% | 29.62% |
Selling, General & Admin | $4.940M | $3.180M | $3.450M |
YoY Change | 43.19% | -12.64% | 7.48% |
% of Gross Profit | 84.69% | 83.68% | 81.28% |
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $460.0K | $310.0K | $230.0K |
YoY Change | 100.0% | 3.33% | 76.92% |
% of Gross Profit | 7.89% | 8.16% | 5.42% |
Operating Expenses | $4.938M | $3.180M | $3.447M |
YoY Change | 43.25% | -12.64% | 7.28% |
Operating Profit | $895.1K | $620.0K | $797.6K |
YoY Change | 12.23% | -30.34% | -4.15% |
Interest Expense | -$180.0K | -$30.00K | $189.5K |
YoY Change | -195.01% | -80.0% | 113.26% |
% of Operating Profit | -20.11% | -4.84% | 23.75% |
Other Income/Expense, Net | $110.0K | -$60.00K | $262.6K |
YoY Change | -58.11% | -220.0% | -619.75% |
Pretax Income | $820.0K | $530.0K | $1.060M |
YoY Change | -22.65% | -32.91% | 35.64% |
Income Tax | -$10.00K | $120.0K | -$21.40K |
% Of Pretax Income | -1.22% | 22.64% | -2.02% |
Net Earnings | $830.0K | $420.0K | $1.082M |
YoY Change | -23.26% | -45.45% | 40.53% |
Net Earnings / Revenue | 4.39% | 2.99% | 7.55% |
Basic Earnings Per Share | $0.10 | $0.16 | |
Diluted Earnings Per Share | $0.10 | $451.6K | $0.03 |
COMMON SHARES | |||
Basic Shares Outstanding | 8.137M shares | 6.964M shares | 6.767M shares |
Diluted Shares Outstanding | 8.202M shares | 6.767M shares |
Balance Sheet
Concept | 2016 Q1 | 2015 Q3 | 2015 Q1 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $3.280M | $1.490M | $500.0K |
YoY Change | 556.0% | 109.86% | -63.5% |
Cash & Equivalents | $3.280M | $1.487M | $503.8K |
Short-Term Investments | $0.00 | $0.00 | |
Other Short-Term Assets | $1.500K | $773.5K | $470.2K |
YoY Change | -99.68% | 45.94% | 393.65% |
Inventory | $6.446M | $6.370M | $6.229M |
Prepaid Expenses | |||
Receivables | $10.99M | $4.771M | $3.915M |
Other Receivables | $0.00 | $0.00 | $0.00 |
Total Short-Term Assets | $22.57M | $13.52M | $12.31M |
YoY Change | 83.37% | 17.11% | -11.69% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $14.27M | $8.143M | $7.180M |
YoY Change | 98.71% | 10.05% | 10.8% |
Goodwill | $854.2K | $845.0K | $845.0K |
YoY Change | 1.09% | 0.0% | |
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $334.7K | $35.63K | $34.61K |
YoY Change | 867.06% | -32.04% | 246.05% |
Total Long-Term Assets | $15.46M | $9.023M | $8.060M |
YoY Change | 91.77% | 8.76% | 6.05% |
TOTAL ASSETS | |||
Total Short-Term Assets | $22.57M | $13.52M | $12.31M |
Total Long-Term Assets | $15.46M | $9.023M | $8.060M |
Total Assets | $38.03M | $22.54M | $20.37M |
YoY Change | 86.69% | 13.62% | -5.43% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $5.790M | $4.209M | $3.529M |
YoY Change | 64.07% | 54.64% | 21.27% |
Accrued Expenses | $1.944M | $309.1K | $606.6K |
YoY Change | 220.51% | -29.81% | 63.95% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $4.120M | $1.930M | $1.430M |
YoY Change | 188.11% | 179.71% | 472.0% |
Long-Term Debt Due | $2.167M | $654.0K | $570.8K |
YoY Change | 279.67% | -5.18% | |
Total Short-Term Liabilities | $15.39M | $8.827M | $5.621M |
YoY Change | 173.7% | 125.53% | 57.9% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $12.16M | $6.590M | $9.830M |
YoY Change | 23.7% | -33.64% | -36.7% |
Other Long-Term Liabilities | $0.00 | ||
YoY Change | |||
Total Long-Term Liabilities | $12.16M | $6.590M | $9.830M |
YoY Change | 23.7% | -33.64% | -36.7% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $15.39M | $8.827M | $5.621M |
Total Long-Term Liabilities | $12.16M | $6.590M | $9.830M |
Total Liabilities | $27.54M | $15.42M | $15.45M |
YoY Change | 78.24% | -4.82% | -19.05% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | $7.953M | $6.431M | $5.071M |
YoY Change | 56.83% | 79.0% | |
Common Stock | $8.456K | $7.158K | $40.75K |
YoY Change | -79.25% | 5.78% | |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $10.49M | $7.126M | $4.917M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $38.03M | $22.54M | $20.37M |
YoY Change | 86.69% | 13.62% | -5.43% |
Cashflow Statement
Concept | 2016 Q1 | 2015 Q3 | 2015 Q1 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | $830.0K | $420.0K | $1.082M |
YoY Change | -23.26% | -45.45% | 40.53% |
Depreciation, Depletion And Amortization | $460.0K | $310.0K | $230.0K |
YoY Change | 100.0% | 3.33% | 76.92% |
Cash From Operating Activities | $320.0K | $930.0K | $440.0K |
YoY Change | -27.27% | -193.0% | -92.7% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $50.00K | -$570.0K | $0.00 |
YoY Change | -20.83% | -100.0% | |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $0.00 | $0.00 | $310.0K |
YoY Change | -100.0% | -100.0% | -110.69% |
Cash From Investing Activities | $60.00K | -$570.0K | $310.0K |
YoY Change | -80.65% | -113.77% | -103.5% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 530.0K | 250.0K | -1.360M |
YoY Change | -138.97% | -105.81% | -150.37% |
NET CHANGE | |||
Cash From Operating Activities | 320.0K | 930.0K | 440.0K |
Cash From Investing Activities | 60.00K | -570.0K | 310.0K |
Cash From Financing Activities | 530.0K | 250.0K | -1.360M |
Net Change In Cash | 910.0K | 610.0K | -610.0K |
YoY Change | -249.18% | -152.59% | 408.33% |
FREE CASH FLOW | |||
Cash From Operating Activities | $320.0K | $930.0K | $440.0K |
Capital Expenditures | $50.00K | -$570.0K | $0.00 |
Free Cash Flow | $270.0K | $1.500M | $440.0K |
YoY Change | -38.64% | -635.71% | -96.33% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2016Q1 | us-gaap |
Inventory Net
InventoryNet
|
6446374 | USD |
CY2015Q3 | us-gaap |
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Property Plant And Equipment Net
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Goodwill
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Goodwill
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|
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|
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CY2015Q3 | us-gaap |
Accrued Liabilities Current
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|
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Additional Paid In Capital
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|
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Accumulated Other Comprehensive Income Loss Net Of Tax
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|
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|
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Notes Payable Related Parties Noncurrent
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|
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CY2015Q3 | us-gaap |
Notes Payable Related Parties Noncurrent
NotesPayableRelatedPartiesNoncurrent
|
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CY2016Q1 | us-gaap |
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|
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|
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|
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|
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Long Term Notes Payable
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|
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|
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Revenues
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|
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Revenues
Revenues
|
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Cost Of Revenue
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|
19906164 | USD | |
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Cost Of Revenue
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|
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Gross Profit
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|
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Gross Profit
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|
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General And Administrative Expense
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|
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|
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|
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|
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|
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Operating Income Loss
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|
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Other Nonoperating Income
OtherNonoperatingIncome
|
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Other Nonoperating Income
OtherNonoperatingIncome
|
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Interest Expense
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|
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us-gaap |
Interest Expense
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|
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Nonoperating Income Expense
NonoperatingIncomeExpense
|
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us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
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Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
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|
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Income Tax Expense Benefit
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|
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Income Tax Expense Benefit
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|
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Net Income Loss
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|
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Net Income Loss
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|
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Earnings Per Share Basic
EarningsPerShareBasic
|
0.22 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.20 | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.22 | ||
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Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.19 | ||
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Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
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Weighted Average Number Of Shares Outstanding Basic
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|
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Weighted Average Number Of Diluted Shares Outstanding
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|
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Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
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Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
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|
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Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
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|
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Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
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us-gaap |
Comprehensive Income Net Of Tax
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|
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Revenues
Revenues
|
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CY2016Q1 | us-gaap |
Revenues
Revenues
|
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CY2015Q1 | us-gaap |
Cost Of Revenue
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|
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CY2016Q1 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
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CY2015Q1 | us-gaap |
Gross Profit
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|
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Gross Profit
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|
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General And Administrative Expense
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|
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General And Administrative Expense
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|
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Operating Expenses
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|
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CY2016Q1 | us-gaap |
Operating Expenses
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|
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|
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CY2016Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
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Other Nonoperating Income
OtherNonoperatingIncome
|
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CY2016Q1 | us-gaap |
Other Nonoperating Income
OtherNonoperatingIncome
|
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CY2015Q1 | us-gaap |
Interest Expense
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|
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Nonoperating Income Expense
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|
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Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
1060173 | USD |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
63273 | USD | |
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Payments For Proceeds From Short Term Investments
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|
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us-gaap |
Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
|
1877500 | USD | |
CY2016Q1 | us-gaap |
Buildings And Improvements Gross
BuildingsAndImprovementsGross
|
5049035 | USD |
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Payments To Acquire Interest In Subsidiaries And Affiliates
PaymentsToAcquireInterestInSubsidiariesAndAffiliates
|
0 | USD | |
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Furniture And Fixtures Gross
FurnitureAndFixturesGross
|
614621 | USD |
CY2015Q3 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
65002 | USD |
CY2016Q1 | us-gaap |
Inventory Raw Materials
InventoryRawMaterials
|
3956288 | USD |
CY2016Q1 | us-gaap |
Inventory Work In Process
InventoryWorkInProcess
|
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CY2016Q1 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
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CY2016Q1 | us-gaap |
Inventory Adjustments
InventoryAdjustments
|
61794 | USD |
CY2016Q1 | us-gaap |
Land And Land Improvements
LandAndLandImprovements
|
1207075 | USD |
CY2016Q1 | us-gaap |
Machinery And Equipment Gross
MachineryAndEquipmentGross
|
9402464 | USD |
CY2016Q1 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
2301547 | USD |
CY2015Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-21400 | USD |
CY2015Q1 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
|
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Net Income Loss
NetIncomeLoss
|
1081573 | USD |
CY2015Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.16 | |
CY2016Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.10 | |
CY2016Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.10 | |
CY2015Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
6766587 | shares |
CY2016Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
8137476 | shares |
CY2015Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
6766587 | shares |
CY2016Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
8201842 | shares |
CY2016Q1 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
|
49108 | USD |
CY2015Q1 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
898914 | USD |
CY2016Q1 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
879004 | USD |
us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
370981 | USD | |
us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
666782 | USD | |
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
-40888 | USD | |
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
-389019 | USD | |
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
1132348 | USD | |
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-507978 | USD | |
us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
-17823 | USD | |
us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
255814 | USD | |
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
807206 | USD | |
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
655123 | USD | |
us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
166175 | USD | |
us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
806628 | USD | |
us-gaap |
Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
-5032 | USD | |
us-gaap |
Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
-64338 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
1930690 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
1865210 | USD | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
150037 | USD | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
116515 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
409778 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-7503929 | USD | |
us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
0 | USD | |
us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
1500000 | USD | |
us-gaap |
Proceeds From Bank Debt
ProceedsFromBankDebt
|
0 | USD | |
us-gaap |
Proceeds From Bank Debt
ProceedsFromBankDebt
|
5000000 | USD | |
us-gaap |
Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
|
-659206 | USD | |
us-gaap |
Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
|
109302 | USD | |
us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
-1982775 | USD | |
us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
7433685 | USD | |
us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
357693 | USD | |
us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
1794966 | USD | |
CY2014Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
146095 | USD |
CY2015Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
503788 | USD |
us-gaap |
Interest Paid
InterestPaid
|
96737 | USD | |
us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
5032 | USD | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
51272 | USD | |
us-gaap |
Payments For Proceeds From Short Term Investments
PaymentsForProceedsFromShortTermInvestments
|
0 | USD | |
us-gaap |
Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
|
858000 | USD | |
us-gaap |
Payments To Acquire Interest In Subsidiaries And Affiliates
PaymentsToAcquireInterestInSubsidiariesAndAffiliates
|
7387414 | USD | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
3003736 | USD | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-123279 | USD | |
us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
37500 | USD | |
us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
0 | USD | |
us-gaap |
Increase Decrease In Restricted Cash For Operating Activities
IncreaseDecreaseInRestrictedCashForOperatingActivities
|
275111 | USD | |
CY2015Q3 | us-gaap |
Buildings And Improvements Gross
BuildingsAndImprovementsGross
|
3938544 | USD |
CY2015Q3 | us-gaap |
Furniture And Fixtures Gross
FurnitureAndFixturesGross
|
576741 | USD |
CY2016Q1 | us-gaap |
Inventory Gross
InventoryGross
|
6508168 | USD |
CY2016Q1 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
1000000 | shares |
CY2015Q3 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.001 | |
CY2015Q3 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
20000000 | shares |
CY2016Q1 | us-gaap |
Accounts Receivable Net
AccountsReceivableNet
|
10986777 | USD |
CY2015Q3 | us-gaap |
Accounts Receivable Net
AccountsReceivableNet
|
4771044 | USD |
CY2016Q1 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
8456148 | shares |
CY2015Q3 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
7158087 | shares |
us-gaap |
Increase Decrease In Restricted Cash For Operating Activities
IncreaseDecreaseInRestrictedCashForOperatingActivities
|
0 | USD | |
cetx |
Increase Decresae In Revolving Line Of Credit
IncreaseDecresaeInRevolvingLineOfCredit
|
-98384 | USD | |
cetx |
Increase Decresae In Revolving Line Of Credit
IncreaseDecresaeInRevolvingLineOfCredit
|
0 | USD | |
cetx |
Shares Issued For Acquisition
SharesIssuedForAcquisition
|
1000000 | USD | |
cetx |
Shares Issued For Acquisition
SharesIssuedForAcquisition
|
0 | USD | |
us-gaap |
Interest Paid
InterestPaid
|
292173 | USD | |
us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
0 | USD | |
us-gaap |
Business Acquisition Effective Date Of Acquisition1
BusinessAcquisitionEffectiveDateOfAcquisition1
|
2015-12-15 | ||
CY2016Q1 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
65311 | USD |
CY2016Q1 | us-gaap |
Accounts Receivable Gross
AccountsReceivableGross
|
11052088 | USD |
CY2015Q3 | us-gaap |
Accounts Receivable Gross
AccountsReceivableGross
|
4836046 | USD |
CY2015Q3 | us-gaap |
Inventory Raw Materials
InventoryRawMaterials
|
3345432 | USD |
CY2015Q3 | us-gaap |
Inventory Work In Process
InventoryWorkInProcess
|
1306906 | USD |
CY2015Q3 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
1866145 | USD |
CY2015Q3 | us-gaap |
Inventory Adjustments
InventoryAdjustments
|
148967 | USD |
CY2015Q3 | us-gaap |
Land And Land Improvements
LandAndLandImprovements
|
1194979 | USD |
CY2016Q1 | us-gaap |
Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
|
295621 | USD |
CY2015Q3 | us-gaap |
Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
|
286638 | USD |
CY2015Q3 | us-gaap |
Machinery And Equipment Gross
MachineryAndEquipmentGross
|
3663526 | USD |
CY2015Q3 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
1517905 | USD |
CY2016Q1 | us-gaap |
Supplies
Supplies
|
946621 | USD |
CY2016Q1 | us-gaap |
Prepaid Taxes
PrepaidTaxes
|
26485 | USD |
CY2016Q1 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
1500 | USD |
CY2015Q1 | us-gaap |
Supplies
Supplies
|
1093270 | USD |
CY2015Q1 | us-gaap |
Prepaid Taxes
PrepaidTaxes
|
100100 | USD |
CY2015Q1 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
470240 | USD |
CY2016Q1 | cetx |
Shares Reserved For Debt Conversion
SharesReservedForDebtConversion
|
4000000 | shares |
CY2016Q1 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
10000000 | shares |
CY2016Q1 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.001 | |
CY2014Q3 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
1000000 | shares |
CY2016Q1 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
20000000 | shares |
CY2016Q1 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.001 | |
CY2016Q1 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
8456148 | shares |
CY2015Q3 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
7158087 | shares |
us-gaap |
Business Acquisition Name Of Acquired Entity
BusinessAcquisitionNameOfAcquiredEntity
|
Advanced Industrial Services Inc. | ||
CY2015Q3 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.001 | |
CY2015Q3 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
10000000 | shares |
CY2015Q3 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
1000000 | shares |
CY2016Q1 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
1000000 | shares |
CY2015Q3 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
1000000 | shares |
CY2015Q3 | us-gaap |
Inventory Gross
InventoryGross
|
6518483 | USD |
CY2016Q1 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
16568816 | USD |
CY2015Q3 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
9660428 | USD |
us-gaap |
Nature Of Operations
NatureOfOperations
|
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="center"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> NOTE 1 – ORGANIZATION AND PLAN OF OPERATIONS</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">  </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The Company was incorporated on <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">April 27, 1998</font>, in the state of Delaware under the name "Diversified American Holdings, Inc." The Company subsequently changed its name to "Cemtrex Inc." on December 16, 2004. Unless the context requires otherwise, all references to “we”, “our”, “us”, “Company”, “registrant”, “Cemtrex” or “management” refer to Cemtrex, Inc. and its subsidiaries. Cemtrex is a leading diversified technology company that operates in a wide array of business segments and provides solutions to meet today's industrial and manufacturing challenges. The Company provides manufacturing services of advanced electronic system assemblies, provides broad-based industrial services, instruments & emission monitors for industrial processes, and provides industrial air filtration & environmental control systems.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; 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;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">Through our Electronics Manufacturing Services (“EMS”) group, we provide end to end electronic manufacturing services, which include product design and sustaining engineering services, printed circuit board assembly and production, cabling and wire harnessing, systems integration, comprehensive testing services and completely assembled electronic products. Our EMS group offers fully integrated contract manufacturing services to global original equipment manufacturers (OEMs) and technology companies that operate primarily in the medical, industrial, automation, automotive, and renewable markets.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; 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;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">Through our Industrial Products and Services (“IPS”) group, we provide a complete line of air filtration and environmental control products to a wide variety of industrial and manufacturing industries worldwide. The group also manufactures, sells, and services monitoring instruments, software and systems for measurement of emissions of Greenhouse gases, hazardous gases, particulate and other regulated pollutants used in emissions trading globally as well as for industrial processes. We also market monitoring and analysis equipment for gas and liquid measurement for various downstream oil & gas applications as well as various industrial process applications. In addition we, through our newly acquired business, <font style="BACKGROUND-COLOR: transparent">offer one-source expertise and capabilities in plant and equipment erection, relocation, and disassembly in a wide variety of industrial markets like automotive, printing & graphics, industrial automation, packaging, and chemicals among others.</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; 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;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">On <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">December 15, 2015</font> we acquired <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">Advanced Industrial Services Inc.</font> (“AIS”) and its affiliate subsidiary company based in York, Pennsylvania for a purchase price of approximately $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">7,500,000</font>, and acquisition related expenses of $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">476,340</font>. The purchase price was paid with $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">5,000,000</font> in cash, $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">1,500,000</font> in a seller's note, and $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">1,000,000</font> in the form of <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 315,458</font> shares of Cemtrex restricted Common Stock. AIS averaged approximately $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">23</font> million in annual revenue and $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">2.4</font> million in annual normalized EBITDA over the two calendar years 2013 and 2014. We worked with a local bank to finance the $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">5.25</font> million self-amortizing, seven (7) year term loan and $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">3.5</font> million working capital credit line for the transaction. <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">The loans carry annual interest rates of 30 day LIBOR plus 2.25 and 2.0 respectively.</font> The seller’s note is for <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">3</font> years at <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">6</font>% (see NOTE 11).</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> | ||
CY2016Q1 | us-gaap |
Convertible Debt
ConvertibleDebt
|
1981500 | USD |
us-gaap |
Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
|
<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"><i>Reclassifications</i></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"><i> </i></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">Certain reclassifications have been made to prior period amounts to conform to the current period presentation.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> | ||
CY2015Q1 | us-gaap |
Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
|
1105246 | USD |
us-gaap |
Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
|
922893 | USD | |
us-gaap |
Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
|
1250439 | USD | |
CY2015Q2 | us-gaap |
Stockholders Equity Reverse Stock Split
StockholdersEquityReverseStockSplit
|
On April 3, 2015, our Board of Directors approved a reverse split of our common stock, par value $0.001, at a ratio of one-for-six. This reverse stock split became effective on April 15, 2015 | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
1298061 | shares | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
24596 | shares | |
us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
-74000 | USD | |
us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
0 | USD | |
us-gaap |
Repayments Of Notes Payable
RepaymentsOfNotesPayable
|
76914 | USD | |
us-gaap |
Repayments Of Notes Payable
RepaymentsOfNotesPayable
|
0 | USD | |
us-gaap |
Repayments Of Bank Debt
RepaymentsOfBankDebt
|
976203 | USD | |
us-gaap |
Repayments Of Bank Debt
RepaymentsOfBankDebt
|
2181569 | USD | |
us-gaap |
Preferred Stock Voting Rights
PreferredStockVotingRights
|
Each issued and outstanding Series A Preferred Share shall be entitled to the number of votes equal to the result of: (i) the number of shares of common stock of the Company issued and outstanding at the time of such vote multiplied by 1.01; divided by (ii) the total number of Series A Preferred Shares issued and outstanding at the time of such vote, at each meeting of shareholders of the Company with respect to any and all matters presented to the shareholders of the Company for their action or consideration, including the election of directors. Holders of Series A Preferred Shares shall vote together with the holders of Common Shares as a single class. | ||
CY2016Q1 | us-gaap |
Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
|
18908100 | USD |
CY2015Q1 | us-gaap |
Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
|
19805679 | USD |
us-gaap |
Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
|
34208605 | USD | |
us-gaap |
Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
|
38414928 | USD | |
CY2016Q1 | us-gaap |
Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
|
829896 | USD |
CY2016Q1 | cetx |
Business Acquisition Pro Forma Earnings Per Share Basic And Diluted
BusinessAcquisitionProFormaEarningsPerShareBasicAndDiluted
|
0.10 | |
CY2015Q1 | cetx |
Business Acquisition Pro Forma Earnings Per Share Basic And Diluted
BusinessAcquisitionProFormaEarningsPerShareBasicAndDiluted
|
0.16 | |
cetx |
Business Acquisition Pro Forma Earnings Per Share Basic And Diluted
BusinessAcquisitionProFormaEarningsPerShareBasicAndDiluted
|
0.11 | ||
cetx |
Business Acquisition Pro Forma Earnings Per Share Basic And Diluted
BusinessAcquisitionProFormaEarningsPerShareBasicAndDiluted
|
0.18 | ||
CY2016Q1 | us-gaap |
Business Acquisition Pro Forma Earnings Per Share Diluted
BusinessAcquisitionProFormaEarningsPerShareDiluted
|
0.10 | |
CY2015Q1 | us-gaap |
Business Acquisition Pro Forma Earnings Per Share Diluted
BusinessAcquisitionProFormaEarningsPerShareDiluted
|
0.16 | |
us-gaap |
Business Acquisition Pro Forma Earnings Per Share Diluted
BusinessAcquisitionProFormaEarningsPerShareDiluted
|
0.11 | ||
us-gaap |
Business Acquisition Pro Forma Earnings Per Share Diluted
BusinessAcquisitionProFormaEarningsPerShareDiluted
|
0.18 | ||
CY2015Q4 | us-gaap |
Business Combination Consideration Transferred1
BusinessCombinationConsiderationTransferred1
|
7500000 | USD |
CY2015Q4 | us-gaap |
Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
|
476340 | USD |
CY2015Q4 | us-gaap |
Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
|
5000000 | USD |
CY2015Q4 | us-gaap |
Business Combination Consideration Transferred Other1
BusinessCombinationConsiderationTransferredOther1
|
1500000 | USD |
CY2015Q4 | us-gaap |
Business Combination Consideration Transferred Equity Interests Issued And Issuable
BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuable
|
1000000 | USD |
CY2015Q4 | us-gaap |
Business Acquisition Equity Interests Issued Or Issuable Number Of Shares Issued
BusinessAcquisitionEquityInterestsIssuedOrIssuableNumberOfSharesIssued
|
315458 | shares |
CY2015Q4 | cetx |
Business Acquisition Average Annual Revenue Of Acquiree
BusinessAcquisitionAverageAnnualRevenueOfAcquiree
|
23000000 | USD |
CY2015Q4 | cetx |
Business Acquisition Annual Normalized Earnings Before Interest Taxation Depreciation And Amortization Of Acquiree
BusinessAcquisitionAnnualNormalizedEarningsBeforeInterestTaxationDepreciationAndAmortizationOfAcquiree
|
2400000 | USD |
CY2015Q4 | us-gaap |
Debt Instrument Interest Rate Terms
DebtInstrumentInterestRateTerms
|
The loans carry annual interest rates of 30 day LIBOR plus 2.25 and 2.0 respectively. |