2017 Q3 Form 10-Q Financial Statement
#000127043617000012 Filed on November 03, 2017
Income Statement
| Concept | 2017 Q3 | 2016 Q3 |
|---|---|---|
| Revenue | $10.00M | $14.10M |
| YoY Change | -29.07% | 9.3% |
| Cost Of Revenue | $1.700M | $1.500M |
| YoY Change | 13.33% | -40.0% |
| Gross Profit | $8.300M | $12.60M |
| YoY Change | -34.13% | 21.15% |
| Gross Profit Margin | 82.99% | 89.36% |
| Selling, General & Admin | $7.300M | $9.900M |
| YoY Change | -26.26% | 2.06% |
| % of Gross Profit | 87.95% | 78.57% |
| Research & Development | ||
| YoY Change | ||
| % of Gross Profit | ||
| Depreciation & Amortization | $100.0K | $0.00 |
| YoY Change | -100.0% | |
| % of Gross Profit | 1.2% | 0.0% |
| Operating Expenses | $7.300M | $9.900M |
| YoY Change | -26.26% | 0.0% |
| Operating Profit | $989.0K | $2.700M |
| YoY Change | -63.37% | 440.0% |
| Interest Expense | $1.606M | -$1.000M |
| YoY Change | -260.6% | 0.0% |
| % of Operating Profit | 162.39% | -37.04% |
| Other Income/Expense, Net | ||
| YoY Change | ||
| Pretax Income | -$617.0K | $1.700M |
| YoY Change | -136.29% | -525.0% |
| Income Tax | $141.0K | $100.0K |
| % Of Pretax Income | 5.88% | |
| Net Earnings | -$547.0K | $1.000M |
| YoY Change | -154.7% | -300.0% |
| Net Earnings / Revenue | -5.47% | 7.09% |
| Basic Earnings Per Share | -$0.45 | |
| Diluted Earnings Per Share | -$0.45 | $588.2K |
| COMMON SHARES | ||
| Basic Shares Outstanding | 1.213M | 11.81M |
| Diluted Shares Outstanding | 1.745M | 1.726M |
Balance Sheet
| Concept | 2017 Q3 | 2016 Q3 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $22.00M | $10.00M |
| YoY Change | 120.0% | -23.08% |
| Cash & Equivalents | $22.13M | $10.00M |
| Short-Term Investments | ||
| Other Short-Term Assets | ||
| YoY Change | ||
| Inventory | ||
| Prepaid Expenses | ||
| Receivables | $109.0M | $69.00M |
| Other Receivables | $3.000M | $2.000M |
| Total Short-Term Assets | $134.0M | $81.00M |
| YoY Change | 65.43% | -4.71% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | ||
| YoY Change | ||
| Goodwill | $7.992M | |
| YoY Change | ||
| Intangibles | $166.0K | |
| YoY Change | ||
| Long-Term Investments | $110.0M | $139.0M |
| YoY Change | -20.86% | -12.03% |
| Other Assets | ||
| YoY Change | ||
| Total Long-Term Assets | $556.0M | $440.0M |
| YoY Change | 26.36% | 46.18% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $134.0M | $81.00M |
| Total Long-Term Assets | $556.0M | $440.0M |
| Total Assets | $690.0M | $521.0M |
| YoY Change | 32.44% | 34.97% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $53.00M | $79.00M |
| YoY Change | -32.91% | -26.17% |
| Accrued Expenses | $4.000M | $4.000M |
| YoY Change | 0.0% | 33.33% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $448.0M | $303.0M |
| YoY Change | 47.85% | 134.88% |
| Long-Term Debt Due | ||
| YoY Change | ||
| Total Short-Term Liabilities | $505.0M | $386.0M |
| YoY Change | 30.83% | 61.51% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $44.00M | $29.00M |
| YoY Change | 51.72% | 0.0% |
| Other Long-Term Liabilities | $90.00M | $56.00M |
| YoY Change | 60.71% | -8.2% |
| Total Long-Term Liabilities | $134.0M | $85.00M |
| YoY Change | 57.65% | -5.56% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $505.0M | $386.0M |
| Total Long-Term Liabilities | $134.0M | $85.00M |
| Total Liabilities | $651.0M | $483.0M |
| YoY Change | 34.78% | 42.06% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | ||
| YoY Change | ||
| Common Stock | ||
| YoY Change | ||
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | $39.00M | $39.00M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $690.0M | $521.0M |
| YoY Change | 32.44% | 34.97% |
Cashflow Statement
| Concept | 2017 Q3 | 2016 Q3 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$547.0K | $1.000M |
| YoY Change | -154.7% | -300.0% |
| Depreciation, Depletion And Amortization | $100.0K | $0.00 |
| YoY Change | -100.0% | |
| Cash From Operating Activities | $1.500M | $500.0K |
| YoY Change | 200.0% | -150.0% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | $0.00 | $0.00 |
| YoY Change | ||
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | $200.0K | $2.500M |
| YoY Change | -92.0% | 25.0% |
| Cash From Investing Activities | $200.0K | $2.500M |
| YoY Change | -92.0% | 25.0% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | 9.600M | -400.0K |
| YoY Change | -2500.0% | -20.0% |
| NET CHANGE | ||
| Cash From Operating Activities | 1.500M | 500.0K |
| Cash From Investing Activities | 200.0K | 2.500M |
| Cash From Financing Activities | 9.600M | -400.0K |
| Net Change In Cash | 11.30M | 2.600M |
| YoY Change | 334.62% | 420.0% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | $1.500M | $500.0K |
| Capital Expenditures | $0.00 | $0.00 |
| Free Cash Flow | $1.500M | $500.0K |
| YoY Change | 200.0% | -150.0% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2017Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
1212826 | |
| CY2016Q3 | cohn |
Earnings Per Share Adjustment
EarningsPerShareAdjustment
|
-23000 | |
| cohn |
Earnings Per Share Adjustment
EarningsPerShareAdjustment
|
-29000 | ||
| CY2017Q3 | cohn |
Earnings Per Share Adjustment
EarningsPerShareAdjustment
|
-30000 | |
| CY2016Q4 | us-gaap |
Goodwill
Goodwill
|
7992000 | |
| CY2017Q3 | us-gaap |
Goodwill
Goodwill
|
7992000 | |
| CY2016Q4 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
166000 | |
| CY2016Q3 | us-gaap |
Dilutive Securities Effect On Basic Earnings Per Share Other
DilutiveSecuritiesEffectOnBasicEarningsPerShareOther
|
489000 | |
| us-gaap |
Dilutive Securities Effect On Basic Earnings Per Share Other
DilutiveSecuritiesEffectOnBasicEarningsPerShareOther
|
274000 | ||
| CY2017Q3 | us-gaap |
Dilutive Securities Effect On Basic Earnings Per Share Other
DilutiveSecuritiesEffectOnBasicEarningsPerShareOther
|
-211000 | |
| cohn |
Earnings Per Share Adjustment
EarningsPerShareAdjustment
|
-33000 | ||
| us-gaap |
Dilutive Securities Effect On Basic Earnings Per Share Other
DilutiveSecuritiesEffectOnBasicEarningsPerShareOther
|
925000 | ||
| us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
1774357 | ||
| CY2016Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
1726200 | |
| us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
1755932 | ||
| CY2017Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
1745235 | |
| CY2017Q3 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
166000 |
