2024 Q2 Form 10-Q Financial Statement
#000143774924016203 Filed on May 13, 2024
Income Statement
Concept | 2024 Q2 | 2024 Q1 |
---|---|---|
Revenue | $1.027M | $141.9K |
YoY Change | 177.4% | -14.43% |
Cost Of Revenue | $17.71K | $14.35K |
YoY Change | 33.96% | 40.69% |
Gross Profit | $1.010M | $127.5K |
YoY Change | 182.71% | -18.04% |
Gross Profit Margin | 98.28% | 89.88% |
Selling, General & Admin | $503.1K | $563.0K |
YoY Change | 98.09% | -13.02% |
% of Gross Profit | 49.83% | 441.6% |
Research & Development | ||
YoY Change | ||
% of Gross Profit | ||
Depreciation & Amortization | $1.065K | $1.066K |
YoY Change | 0.0% | 0.09% |
% of Gross Profit | 0.11% | 0.84% |
Operating Expenses | $504.2K | $564.1K |
YoY Change | 97.67% | -12.99% |
Operating Profit | $646.1K | -$436.6K |
YoY Change | 532.83% | 27.36% |
Interest Expense | $50.88K | $50.22K |
YoY Change | 43.16% | 93.45% |
% of Operating Profit | 7.87% | |
Other Income/Expense, Net | $13.75K | |
YoY Change | ||
Pretax Income | $710.8K | -$386.4K |
YoY Change | 416.4% | 21.95% |
Income Tax | $145.5K | $14.94K |
% Of Pretax Income | 20.47% | |
Net Earnings | $565.3K | -$401.3K |
YoY Change | 447.6% | 68.88% |
Net Earnings / Revenue | 55.02% | -282.92% |
Basic Earnings Per Share | $0.28 | -$0.20 |
Diluted Earnings Per Share | $0.27 | -$0.20 |
COMMON SHARES | ||
Basic Shares Outstanding | 2.027M | 1.991M |
Diluted Shares Outstanding | 2.063M |
Balance Sheet
Concept | 2024 Q2 | 2024 Q1 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $9.393M | $8.751M |
YoY Change | 12.01% | 6.65% |
Cash & Equivalents | $7.867M | $7.243M |
Short-Term Investments | $1.527M | $1.507M |
Other Short-Term Assets | $125.8K | $136.3K |
YoY Change | 4.29% | 4.04% |
Inventory | ||
Prepaid Expenses | ||
Receivables | $136.6K | $95.09K |
Other Receivables | $32.61K | $0.00 |
Total Short-Term Assets | $9.688M | $8.982M |
YoY Change | 12.79% | 6.76% |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $9.093M | $9.094M |
YoY Change | -0.05% | -0.02% |
Goodwill | ||
YoY Change | ||
Intangibles | ||
YoY Change | ||
Long-Term Investments | ||
YoY Change | ||
Other Assets | $168.7K | $314.2K |
YoY Change | -51.08% | -17.16% |
Total Long-Term Assets | $9.262M | $9.408M |
YoY Change | -1.92% | -0.7% |
TOTAL ASSETS | ||
Total Short-Term Assets | $9.688M | $8.982M |
Total Long-Term Assets | $9.262M | $9.408M |
Total Assets | $18.95M | $18.39M |
YoY Change | 5.09% | 2.8% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $219.8K | $63.74K |
YoY Change | 875.89% | 106.01% |
Accrued Expenses | ||
YoY Change | ||
Deferred Revenue | $95.11K | $153.2K |
YoY Change | 1.67% | 3.06% |
Short-Term Debt | $0.00 | $0.00 |
YoY Change | ||
Long-Term Debt Due | ||
YoY Change | ||
Total Short-Term Liabilities | $466.3K | $368.4K |
YoY Change | 301.73% | 105.08% |
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 | $466.3K | $368.4K |
Total Long-Term Liabilities | $0.00 | $0.00 |
Total Liabilities | $466.3K | $368.4K |
YoY Change | 301.73% | 105.07% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | $15.54M | $14.97M |
YoY Change | 2.92% | -0.14% |
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 | $18.48M | $18.02M |
YoY Change | ||
Total Liabilities & Shareholders Equity | $18.95M | $18.39M |
YoY Change | 5.09% | 2.8% |
Cashflow Statement
Concept | 2024 Q2 | 2024 Q1 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | $565.3K | -$401.3K |
YoY Change | 447.6% | 68.88% |
Depreciation, Depletion And Amortization | $1.065K | $1.066K |
YoY Change | 0.0% | 0.09% |
Cash From Operating Activities | $691.8K | -$337.8K |
YoY Change | 255.51% | 273.75% |
INVESTING ACTIVITIES | ||
Capital Expenditures | $0.00 | $0.00 |
YoY Change | -100.0% | -100.0% |
Acquisitions | ||
YoY Change | ||
Other Investing Activities | $140.6K | $34.49K |
YoY Change | -86.01% | -77.01% |
Cash From Investing Activities | $140.6K | $34.49K |
YoY Change | -85.96% | -74.0% |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | ||
YoY Change | ||
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | -208.9K | |
YoY Change | ||
NET CHANGE | ||
Cash From Operating Activities | 691.8K | -$337.8K |
Cash From Investing Activities | 140.6K | $34.49K |
Cash From Financing Activities | -208.9K | |
Net Change In Cash | 623.5K | -$303.4K |
YoY Change | -47.86% | -818.11% |
FREE CASH FLOW | ||
Cash From Operating Activities | $691.8K | -$337.8K |
Capital Expenditures | $0.00 | $0.00 |
Free Cash Flow | $691.8K | -$337.8K |
YoY Change | 261.79% | 213.54% |
Facts In Submission
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<p style="font-family:Times New Roman;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:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;">The Company maintains its cash balances in nine 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.</p> | |
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CY2023Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
91797 | usd |
CY2024Q1 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
9094317 | usd |
CY2023Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
9095403 | usd |
CY2024Q1 | us-gaap |
Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
|
0 | usd |
CY2023Q1 | us-gaap |
Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
|
149992 | usd |
CY2024Q1 | us-gaap |
Depreciation
Depreciation
|
1066 | usd |
CY2023Q1 | us-gaap |
Depreciation
Depreciation
|
1065 | usd |
CY2024Q1 | us-gaap |
Depletion
Depletion
|
20 | usd |
CY2023Q4 | ckx |
Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Vested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsVestedNumber
|
71788 | |
CY2024Q1 | ckx |
Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Vested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsVestedNumber
|
123549 | |
CY2024Q1 | ckx |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodFairValue
|
3374002 | usd |
CY2024Q1 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
|
118121 | usd |
CY2024Q1 | us-gaap |
Shares Paid For Tax Withholding For Share Based Compensation
SharesPaidForTaxWithholdingForShareBasedCompensation
|
22946 | |
CY2024Q1 | us-gaap |
Stock Issued During Period Shares Share Based Compensation
StockIssuedDuringPeriodSharesShareBasedCompensation
|
71788 |