2015 Q4 Form 10-Q Financial Statement

#000119312515370168 Filed on November 06, 2015

View on sec.gov

Income Statement

Concept 2015 Q4 2015 Q3 2014 Q3
Revenue $12.98M $13.22M $11.67M
YoY Change 11.64% 13.34% 4.85%
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
YoY Change
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $821.0K $983.0K
YoY Change -16.48% -18.76%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $4.570M $4.412M $3.035M
YoY Change 46.01% 45.37% 55.72%
Income Tax $1.370M $1.159M $729.0K
% Of Pretax Income 29.98% 26.27% 24.02%
Net Earnings $3.199M $3.253M $2.306M
YoY Change 40.93% 41.07% 47.25%
Net Earnings / Revenue 24.65% 24.6% 19.77%
Basic Earnings Per Share $0.36 $0.36 $0.25
Diluted Earnings Per Share $0.29 $0.30 $0.21
COMMON SHARES
Basic Shares Outstanding 7.844M shares 7.844M shares 7.708M shares
Diluted Shares Outstanding 10.92M shares 10.90M shares

Balance Sheet

Concept 2015 Q4 2015 Q3 2014 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents
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 $16.94M $16.20M $14.47M
YoY Change 17.67% 11.95% -12.63%
Goodwill $27.10M $27.10M $21.72M
YoY Change 24.75% 24.75% 0.0%
Intangibles $2.409M $2.588M $2.180M
YoY Change 18.96% 18.72% -12.9%
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $1.315B $1.313B $1.182B
YoY Change 8.4% 11.11% 2.98%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $12.20M $11.50M $9.700M
YoY Change 0.83% 18.56% -32.64%
Deferred Revenue
YoY Change
Short-Term Debt $78.70M $75.60M $20.10M
YoY Change 22.4% 276.12% -3.37%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $12.20M $11.50M $9.700M
YoY Change 0.83% 18.56% -32.64%
LONG-TERM LIABILITIES
Long-Term Debt $29.40M $29.40M $29.40M
YoY Change 0.0% 0.0% 0.0%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $29.40M $29.40M $29.40M
YoY Change 0.0% 0.0% 0.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $12.20M $11.50M $9.700M
Total Long-Term Liabilities $29.40M $29.40M $29.40M
Total Liabilities $1.190B $1.190B $1.066B
YoY Change 8.44% 11.62% 2.03%
SHAREHOLDERS EQUITY
Retained Earnings $5.300M $2.884M -$5.785M
YoY Change -223.08% -149.85% -48.66%
Common Stock $115.3M $115.3M $114.4M
YoY Change 0.84% 0.79% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $17.24M $17.24M $17.24M
YoY Change 0.0% 0.0% 0.0%
Treasury Stock Shares 748.0K shares 748.0K shares 748.0K shares
Shareholders Equity $125.2M $123.3M $115.9M
YoY Change
Total Liabilities & Shareholders Equity $1.315B $1.313B $1.182B
YoY Change 8.4% 11.11% 2.98%

Cashflow Statement

Concept 2015 Q4 2015 Q3 2014 Q3
OPERATING ACTIVITIES
Net Income $3.199M $3.253M $2.306M
YoY Change 40.93% 41.07% 47.25%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities $690.0K $1.060M $2.410M
YoY Change -82.08% -56.02% -309.57%
INVESTING ACTIVITIES
Capital Expenditures -$1.070M -$200.0K -$30.00K
YoY Change 365.22% 566.67% 0.0%
Acquisitions
YoY Change
Other Investing Activities $3.860M -$2.010M -$20.75M
YoY Change -114.93% -90.31% 55.2%
Cash From Investing Activities $2.800M -$2.220M -$20.78M
YoY Change -110.73% -89.32% 54.96%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.560M -300.0K -8.340M
YoY Change -105.58% -96.4% -428.35%
NET CHANGE
Cash From Operating Activities 690.0K 1.060M 2.410M
Cash From Investing Activities 2.800M -2.220M -20.78M
Cash From Financing Activities -1.560M -300.0K -8.340M
Net Change In Cash 1.930M -1.460M -26.71M
YoY Change -66.32% -94.53% 122.21%
FREE CASH FLOW
Cash From Operating Activities $690.0K $1.060M $2.410M
Capital Expenditures -$1.070M -$200.0K -$30.00K
Free Cash Flow $1.760M $1.260M $2.440M
YoY Change -56.86% -48.36% -317.86%

Facts In Submission

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3035000
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2306000
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235000
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595000
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481000
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406000
CY2014Q3 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
201000
CY2014Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
729000
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434000
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212000
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89000
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406000
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983000
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-57000
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1980000
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97000
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456000
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236000
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5000
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0
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-89000
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97000
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510000
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210000
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538000
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201000
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190000
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72000
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InformationTechnologyAndDataProcessing
369000
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552000
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14056000
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GainLossFromSecuritiesCalledOrSettledByIssuer
1000
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StateFranchiseTax
240000
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TaxRefundProcessingFees
6000
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AutomatedTellerMachineExpense
203000
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0
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0.30
CY2015Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
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0 shares
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IncrementalCommonSharesAttributableToConversionOfPreferredStock
3078245 shares
CY2015Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
0 shares
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10921823 shares
CY2015Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
0
CY2015Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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7843578 shares
CY2015Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
0
CY2015Q3 us-gaap Earnings Per Share Basic
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0.36
CY2015Q3 us-gaap Net Income Loss
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3253000
CY2015Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
1183000
CY2015Q3 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
283000
CY2015Q3 us-gaap Allowance For Doubtful Accounts Receivable Recoveries
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287000
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OtherComprehensiveIncomeLossNetOfTax
826000
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2862000
CY2015Q3 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
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780000
CY2015Q3 us-gaap Interest And Fee Income Loans And Leases
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11755000
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12402000
CY2015Q3 us-gaap Bank Owned Life Insurance Income
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116000
CY2015Q3 us-gaap Interest Income Other
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5000
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GainLossOnSaleOfSecuritiesNet
-5000
CY2015Q3 us-gaap Impaired Financing Receivable Interest Income Accrual Method
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109000
CY2015Q3 us-gaap Interest And Dividend Income Operating
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13223000
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269000
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810000
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1262000
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4079000
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12002000
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659000
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4412000
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3253000
CY2015Q3 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
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CY2015Q3 us-gaap Noninterest Income Other Operating Income
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255000
CY2015Q3 us-gaap Noninterest Income
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3076000
CY2015Q3 us-gaap Interest Income Securities Tax Exempt
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653000
CY2015Q3 us-gaap Defined Benefit Plan Interest Cost
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156000
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1159000
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298000
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192000
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70000
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391000
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634000
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111000
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5000
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400000
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18000
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0
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CY2015Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
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403000
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597000
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189000
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192000
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-57000
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8665000
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-5000
CY2015Q3 civb Automated Teller Machine Fees
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520000
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391000
CY2015Q3 civb State Franchise Tax
StateFranchiseTax
205000
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119000
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NumberOfDefaultsOnLoans
0
CY2015Q3 civb Allowance For Loan Losses Look Back Period
AllowanceForLoanLossesLookBackPeriod
P3Y

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