$CKX
CKX LANDS, INC.

2022 Q1 Form 10-Q Financial Statement

#000143774922011247 Filed on May 06, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q1
Revenue $181.9K $154.9K
YoY Change 17.46% -14.14%
Cost Of Revenue $11.10K $9.180K
YoY Change 20.92% -35.31%
Gross Profit $170.8K $145.7K
YoY Change 17.24% -12.33%
Gross Profit Margin 93.9% 94.08%
Selling, General & Admin $172.4K $103.1K
YoY Change 67.2% -27.98%
% of Gross Profit 100.9% 70.75%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $507.00 $507.00
YoY Change 0.0% 116.67%
% of Gross Profit 0.3% 0.35%
Operating Expenses $172.9K $103.6K
YoY Change 66.87% -27.74%
Operating Profit -$2.037K $448.3K
YoY Change -100.45% 701.23%
Interest Expense $2.610K $4.670K
YoY Change -44.11% -73.88%
% of Operating Profit 1.04%
Other Income/Expense, Net $3.020K
YoY Change
Pretax Income $3.593K $453.0K
YoY Change -99.21% 513.56%
Income Tax -$1.147K $26.19K
% Of Pretax Income -31.92% 5.78%
Net Earnings $4.740K $426.8K
YoY Change -98.89% 631.06%
Net Earnings / Revenue 2.61% 275.58%
Basic Earnings Per Share $0.00 $0.22
Diluted Earnings Per Share $2.440K $0.00
COMMON SHARES
Basic Shares Outstanding 1.942M 1.942M
Diluted Shares Outstanding

Balance Sheet

Concept 2022 Q1 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $7.860M $7.338M
YoY Change 7.11% 12.38%
Cash & Equivalents $7.357M $6.835M
Short-Term Investments $502.4K $502.7K
Other Short-Term Assets $94.05K $137.2K
YoY Change -31.47% -7.71%
Inventory
Prepaid Expenses
Receivables $48.18K $95.14K
Other Receivables $0.00 $0.00
Total Short-Term Assets $8.002M $7.570M
YoY Change 5.7% 12.05%
LONG-TERM ASSETS
Property, Plant & Equipment $9.060M $9.126M
YoY Change -0.72% -1.25%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $9.060M $9.126M
YoY Change -0.72% -1.25%
TOTAL ASSETS
Total Short-Term Assets $8.002M $7.570M
Total Long-Term Assets $9.060M $9.126M
Total Assets $17.06M $16.70M
YoY Change 2.19% 4.37%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $115.1K $97.09K
YoY Change 18.58% -24.36%
Accrued Expenses
YoY Change
Deferred Revenue $148.2K $172.6K
YoY Change -14.16% 3.16%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $263.3K $295.2K
YoY Change -10.8% -3.01%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $263.3K $295.2K
Total Long-Term Liabilities $0.00 $0.00
Total Liabilities $451.0K $482.9K
YoY Change -6.6% -1.86%
SHAREHOLDERS EQUITY
Retained Earnings $16.55M $16.15M
YoY Change 2.46% 4.58%
Common Stock $59.34K $59.34K
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $16.61M $16.21M
YoY Change
Total Liabilities & Shareholders Equity $17.06M $16.70M
YoY Change 2.19% 4.37%

Cashflow Statement

Concept 2022 Q1 2021 Q1
OPERATING ACTIVITIES
Net Income $4.740K $426.8K
YoY Change -98.89% 631.06%
Depreciation, Depletion And Amortization $507.00 $507.00
YoY Change 0.0% 116.67%
Cash From Operating Activities -$48.13K -$151.0K
YoY Change -68.12% -794.36%
INVESTING ACTIVITIES
Capital Expenditures -$4.510K -$14.11K
YoY Change -68.04%
Acquisitions
YoY Change
Other Investing Activities -$40.00
YoY Change
Cash From Investing Activities -$4.542K $523.1K
YoY Change -100.87% -220.29%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities
YoY Change
NET CHANGE
Cash From Operating Activities -$48.13K -$151.0K
Cash From Investing Activities -$4.542K $523.1K
Cash From Financing Activities
Net Change In Cash -$52.67K $372.1K
YoY Change -114.15% -190.08%
FREE CASH FLOW
Cash From Operating Activities -$48.13K -$151.0K
Capital Expenditures -$4.510K -$14.11K
Free Cash Flow -$43.62K -$136.9K
YoY Change -68.13% -729.47%

Facts In Submission

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CY2021Q4 us-gaap Deferred Income Tax Liabilities Net
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CY2022Q1 us-gaap Common Stock Shares Authorized
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CY2021Q1 us-gaap Revenues
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CY2022Q1 us-gaap General And Administrative Expense
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CY2021Q1 us-gaap Depreciation
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CY2022Q1 us-gaap Costs And Expenses
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CY2021Q1 us-gaap Costs And Expenses
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CY2021Q1 us-gaap Operating Income Loss
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CY2022Q1 us-gaap Investment Income Interest
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CY2021Q1 us-gaap Investment Income Interest
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CY2022Q1 ckx Miscellaneous Income
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CY2021Q1 ckx Miscellaneous Income
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CY2022Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2021Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2022Q1 us-gaap Current Income Tax Expense Benefit
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CY2021Q1 us-gaap Current Income Tax Expense Benefit
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CY2022Q1 us-gaap Income Tax Expense Benefit
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CY2021Q1 us-gaap Income Tax Expense Benefit
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CY2021Q1 us-gaap Net Income Loss
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CY2022Q1 us-gaap Depletion
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CY2021Q1 us-gaap Depletion
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CY2022Q1 ckx Payments Of Reforesting Timber Costs
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CY2022Q1 us-gaap Concentration Risk Credit Risk
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<p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; text-align: justify; margin: 0pt;"><i>Concentration of Credit Risk</i></p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; text-align: justify; margin: 0pt;">The Company maintains its cash balances in <em style="font: inherit;">seven</em> financial institutions. At times, cash balances <em style="font: inherit;"> may </em>exceed the Federal Deposit Insurance Corporation’s insured limit of <em style="font: inherit;">$250,000.</em> The Company has <em style="font: inherit;">not</em> experienced any losses in such accounts and management believes the Company is <em style="font: inherit;">not</em> exposed to any significant credit risk on its cash balances.</p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p>
CY2022Q1 us-gaap Dilutive Securities
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CY2021Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
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22669 USD

Files In Submission

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0001437749-22-011247-index-headers.html Edgar Link pending
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0001437749-22-011247.txt Edgar Link pending
0001437749-22-011247-xbrl.zip Edgar Link pending
ckx-20220331.xsd Edgar Link pending
ckx-20220331_cal.xml Edgar Link unprocessable
ckx-20220331_def.xml Edgar Link unprocessable
ckx-20220331_lab.xml Edgar Link unprocessable
ckx-20220331_pre.xml Edgar Link unprocessable
ckx20220331_10q.htm Edgar Link pending
ckx20220331_10q_htm.xml Edgar Link completed
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