2023 Q2 Form 10-Q Financial Statement
#000143774923012980 Filed on May 08, 2023
Income Statement
Concept | 2023 Q2 | 2023 Q1 | 2022 Q1 |
---|---|---|---|
Revenue | $370.4K | $165.8K | $181.9K |
YoY Change | 19.39% | -8.88% | 17.46% |
Cost Of Revenue | $13.22K | $10.20K | $11.10K |
YoY Change | -24.76% | -8.11% | 20.92% |
Gross Profit | $357.2K | $155.6K | $170.8K |
YoY Change | 22.05% | -8.93% | 17.24% |
Gross Profit Margin | 96.43% | 93.85% | 93.9% |
Selling, General & Admin | $254.0K | $647.3K | $172.4K |
YoY Change | -57.48% | 275.57% | 67.2% |
% of Gross Profit | 71.11% | 416.11% | 100.9% |
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $1.065K | $1.065K | $507.00 |
YoY Change | 55.93% | 110.06% | 0.0% |
% of Gross Profit | 0.3% | 0.68% | 0.3% |
Operating Expenses | $255.1K | $648.4K | $172.9K |
YoY Change | -57.35% | 275.08% | 66.87% |
Operating Profit | $102.1K | -$342.8K | -$2.037K |
YoY Change | -133.44% | 16729.11% | -100.45% |
Interest Expense | $35.54K | $25.96K | $2.610K |
YoY Change | 823.12% | 894.64% | -44.11% |
% of Operating Profit | 34.81% | ||
Other Income/Expense, Net | $0.00 | $0.00 | $3.020K |
YoY Change | -100.0% | -100.0% | |
Pretax Income | $137.6K | -$316.9K | $3.593K |
YoY Change | -145.69% | -8918.56% | -99.21% |
Income Tax | $34.41K | -$79.21K | -$1.147K |
% Of Pretax Income | 25.0% | -31.92% | |
Net Earnings | $103.2K | -$237.6K | $4.740K |
YoY Change | -137.31% | -5113.48% | -98.89% |
Net Earnings / Revenue | 27.87% | -143.36% | 2.61% |
Basic Earnings Per Share | $0.05 | -$0.12 | $0.00 |
Diluted Earnings Per Share | $0.05 | -$0.12 | $2.440K |
COMMON SHARES | |||
Basic Shares Outstanding | 1.974M | 1.974M | 1.942M |
Diluted Shares Outstanding | 2.285M |
Balance Sheet
Concept | 2023 Q2 | 2023 Q1 | 2022 Q1 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $8.386M | $8.205M | $7.860M |
YoY Change | 10.17% | 4.4% | 7.11% |
Cash & Equivalents | $8.386M | $7.190M | $7.357M |
Short-Term Investments | $0.00 | $1.015M | $502.4K |
Other Short-Term Assets | $120.6K | $131.0K | $94.05K |
YoY Change | -15.87% | 39.26% | -31.47% |
Inventory | |||
Prepaid Expenses | |||
Receivables | $83.04K | $77.41K | $48.18K |
Other Receivables | $0.00 | $0.00 | $0.00 |
Total Short-Term Assets | $8.590M | $8.414M | $8.002M |
YoY Change | 8.7% | 5.15% | 5.7% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $9.098M | $9.096M | $9.060M |
YoY Change | 0.15% | 0.4% | -0.72% |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $344.9K | $379.3K | |
YoY Change | |||
Total Long-Term Assets | $9.443M | $9.475M | $9.060M |
YoY Change | 3.95% | 4.58% | -0.72% |
TOTAL ASSETS | |||
Total Short-Term Assets | $8.590M | $8.414M | $8.002M |
Total Long-Term Assets | $9.443M | $9.475M | $9.060M |
Total Assets | $18.03M | $17.89M | $17.06M |
YoY Change | 6.16% | 4.85% | 2.19% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $22.52K | $30.94K | $115.1K |
YoY Change | -70.27% | -73.13% | 18.58% |
Accrued Expenses | |||
YoY Change | |||
Deferred Revenue | $93.55K | $148.7K | $148.2K |
YoY Change | -11.87% | 0.35% | -14.16% |
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $116.1K | $179.6K | $263.3K |
YoY Change | -36.19% | -31.78% | -10.8% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Other Long-Term Liabilities | |||
YoY Change | |||
Total Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
YoY Change | |||
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $116.1K | $179.6K | $263.3K |
Total Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
Total Liabilities | $116.1K | $179.6K | $451.0K |
YoY Change | -68.59% | -60.17% | -6.6% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | $15.09M | $14.99M | $16.55M |
YoY Change | -7.25% | -9.43% | 2.46% |
Common Stock | $59.34K | $59.34K | $59.34K |
YoY Change | 0.0% | 0.0% | 0.0% |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $17.92M | $17.71M | $16.61M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $18.03M | $17.89M | $17.06M |
YoY Change | 6.16% | 4.85% | 2.19% |
Cashflow Statement
Concept | 2023 Q2 | 2023 Q1 | 2022 Q1 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | $103.2K | -$237.6K | $4.740K |
YoY Change | -137.31% | -5113.48% | -98.89% |
Depreciation, Depletion And Amortization | $1.065K | $1.065K | $507.00 |
YoY Change | 55.93% | 110.06% | 0.0% |
Cash From Operating Activities | $194.6K | -$90.39K | -$48.13K |
YoY Change | -313.47% | 87.82% | -68.12% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $3.380K | $17.36K | -$4.510K |
YoY Change | -113.63% | -484.92% | -68.04% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $1.005M | $150.0K | -$40.00 |
YoY Change | -201022.0% | -375075.0% | |
Cash From Investing Activities | $1.001M | $132.6K | -$4.542K |
YoY Change | -4057.43% | -3020.17% | -100.87% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 0.000 | ||
YoY Change | -100.0% | ||
NET CHANGE | |||
Cash From Operating Activities | 194.6K | -$90.39K | -$48.13K |
Cash From Investing Activities | 1.001M | $132.6K | -$4.542K |
Cash From Financing Activities | 0.000 | ||
Net Change In Cash | 1.196M | $42.24K | -$52.67K |
YoY Change | -582.59% | -180.2% | -114.15% |
FREE CASH FLOW | |||
Cash From Operating Activities | $194.6K | -$90.39K | -$48.13K |
Capital Expenditures | $3.380K | $17.36K | -$4.510K |
Free Cash Flow | $191.2K | -$107.8K | -$43.62K |
YoY Change | -388.13% | 147.04% | -68.13% |
Facts In Submission
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Concentration Risk Credit Risk
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<i>Concentration of Credit Risk</i>The Company maintains its cash balances in seven financial institutions. At times, cash balances may exceed the Federal Deposit Insurance Corporation’s insured limit of $250,000. The Company has not experienced any losses in such accounts and management believes the Company is not exposed to any significant credit risk on its cash balances. | |
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CY2022Q1 | us-gaap |
Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
|
0 | usd |
CY2023Q1 | us-gaap |
Depreciation
Depreciation
|
1065 | usd |
CY2022Q1 | us-gaap |
Depreciation
Depreciation
|
507 | usd |
CY2023Q1 | us-gaap |
Depletion
Depletion
|
0 | usd |
CY2022Q1 | us-gaap |
Depletion
Depletion
|
138 | usd |
CY2022 | ckx |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodFairValue
|
3374002 | usd |
CY2023Q1 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
|
538995 | usd |
CY2022 | us-gaap |
Shares Paid For Tax Withholding For Share Based Compensation
SharesPaidForTaxWithholdingForShareBasedCompensation
|
14274 | |
CY2022 | us-gaap |
Stock Issued During Period Shares Share Based Compensation
StockIssuedDuringPeriodSharesShareBasedCompensation
|
46206 |