2022 Q2 Form 10-Q Financial Statement
#000143774922019793 Filed on August 10, 2022
Income Statement
Concept | 2022 Q2 | 2022 Q1 | 2021 Q4 |
---|---|---|---|
Revenue | $31.90M | $31.00M | $27.32M |
YoY Change | 20.61% | 29.21% | 37.06% |
Cost Of Revenue | $25.13M | $24.64M | $22.59M |
YoY Change | 21.6% | 36.94% | 45.15% |
Gross Profit | $6.768M | $6.366M | $4.372M |
YoY Change | 17.1% | 6.06% | 0.0% |
Gross Profit Margin | 21.22% | 20.53% | 16.0% |
Selling, General & Admin | $4.393M | $4.969M | $4.055M |
YoY Change | 20.01% | 35.12% | 49.41% |
% of Gross Profit | 64.9% | 78.05% | 92.77% |
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $585.4K | $932.0K | $753.3K |
YoY Change | -11.52% | 28.62% | 21.6% |
% of Gross Profit | 8.65% | 14.64% | 17.23% |
Operating Expenses | $4.393M | $4.969M | $4.055M |
YoY Change | 20.01% | 35.12% | 49.41% |
Operating Profit | $2.376M | $1.397M | $676.2K |
YoY Change | 12.06% | -39.91% | -59.2% |
Interest Expense | $154.1K | $261.0K | -$223.7K |
YoY Change | -35.46% | 19.39% | -159.88% |
% of Operating Profit | 6.49% | 18.68% | -33.09% |
Other Income/Expense, Net | -$779.9K | $243.8K | $155.7K |
YoY Change | 48.45% | -81.86% | -66.37% |
Pretax Income | $1.596M | $1.641M | $608.1K |
YoY Change | 0.08% | -55.27% | -75.61% |
Income Tax | $424.4K | $575.2K | $543.4K |
% Of Pretax Income | 26.6% | 35.05% | 89.36% |
Net Earnings | $1.171M | $1.066M | $64.70K |
YoY Change | -6.1% | -66.09% | -96.93% |
Net Earnings / Revenue | 3.67% | 3.44% | 0.24% |
Basic Earnings Per Share | $0.34 | $0.31 | $0.02 |
Diluted Earnings Per Share | $0.34 | $0.31 | $0.02 |
COMMON SHARES | |||
Basic Shares Outstanding | 3.465M | 3.434M | |
Diluted Shares Outstanding | 3.465M | 3.434M |
Balance Sheet
Concept | 2022 Q2 | 2022 Q1 | 2021 Q4 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $4.236M | $5.091M | $3.013M |
YoY Change | -13.86% | -21.5% | -61.02% |
Cash & Equivalents | $3.151M | $3.398M | $1.494M |
Short-Term Investments | $1.084M | $1.693M | $1.518M |
Other Short-Term Assets | $1.783M | $1.285M | $1.112M |
YoY Change | 54.61% | 90.42% | -74.69% |
Inventory | $20.82M | $16.75M | $16.59M |
Prepaid Expenses | $1.783M | $1.285M | $1.112M |
Receivables | $22.12M | $23.37M | $18.39M |
Other Receivables | $604.8K | $1.131M | $1.317M |
Total Short-Term Assets | $51.60M | $49.86M | $42.53M |
YoY Change | 27.3% | 25.48% | 20.9% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $14.97M | $15.40M | $15.61M |
YoY Change | -2.57% | 0.78% | 38.25% |
Goodwill | $16.16M | $15.60M | $14.40M |
YoY Change | 13.91% | 11.6% | 25.19% |
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $113.5K | $105.6K | $88.59K |
YoY Change | 16.28% | 3.44% | -16.92% |
Total Long-Term Assets | $50.12M | $50.60M | $48.44M |
YoY Change | 6.13% | 6.55% | 23.19% |
TOTAL ASSETS | |||
Total Short-Term Assets | $51.60M | $49.86M | $42.53M |
Total Long-Term Assets | $50.12M | $50.60M | $48.44M |
Total Assets | $101.7M | $100.5M | $90.96M |
YoY Change | 15.91% | 15.17% | 22.11% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $14.64M | $13.15M | $11.46M |
YoY Change | 21.9% | 32.62% | 24.16% |
Accrued Expenses | $3.694M | $2.974M | $3.137M |
YoY Change | 73.12% | -12.06% | 39.85% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | $3.747M | $4.058M | $4.391M |
YoY Change | -12.03% | -4.49% | 6.69% |
Total Short-Term Liabilities | $28.62M | $27.02M | $23.86M |
YoY Change | 31.29% | 34.21% | 36.0% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $23.88M | $25.10M | $20.45M |
YoY Change | 8.27% | 3.51% | 7.16% |
Other Long-Term Liabilities | $7.281M | $8.526M | $8.736M |
YoY Change | -10.3% | 1.63% | 10.56% |
Total Long-Term Liabilities | $34.44M | $36.90M | $32.46M |
YoY Change | 5.63% | 5.23% | 10.36% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $28.62M | $27.02M | $23.86M |
Total Long-Term Liabilities | $34.44M | $36.90M | $32.46M |
Total Liabilities | $63.06M | $63.92M | $56.32M |
YoY Change | 15.91% | 15.8% | 19.94% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | $30.26M | $29.09M | $28.02M |
YoY Change | 13.08% | 14.02% | 25.28% |
Common Stock | |||
YoY Change | |||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | $2.122M | $2.047M | $1.981M |
YoY Change | 7.21% | 3.42% | 2.22% |
Treasury Stock Shares | |||
Shareholders Equity | $38.65M | $36.54M | $34.64M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $101.7M | $100.5M | $90.96M |
YoY Change | 15.91% | 15.17% | 22.11% |
Cashflow Statement
Concept | 2022 Q2 | 2022 Q1 | 2021 Q4 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | $1.171M | $1.066M | $64.70K |
YoY Change | -6.1% | -66.09% | -96.93% |
Depreciation, Depletion And Amortization | $585.4K | $932.0K | $753.3K |
YoY Change | -11.52% | 28.62% | 21.6% |
Cash From Operating Activities | $2.422M | $2.027M | -$2.082M |
YoY Change | 74.23% | 38.59% | -165.11% |
INVESTING ACTIVITIES | |||
Capital Expenditures | -$173.5K | -$151.4K | -$846.3K |
YoY Change | -70.66% | -81.69% | 222.21% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | -$128.0K | -$4.204M | $943.1K |
YoY Change | 1480.37% | -39.59% | |
Cash From Investing Activities | -$301.5K | -$4.355M | $96.82K |
YoY Change | -49.71% | -44.06% | -136.86% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | $65.71K | ||
YoY Change | 60.14% | ||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | -2.368M | $4.232M | 888.1K |
YoY Change | 7.9% | -14.84% | -125.58% |
NET CHANGE | |||
Cash From Operating Activities | 2.422M | $2.027M | -2.082M |
Cash From Investing Activities | -301.5K | -$4.355M | 96.82K |
Cash From Financing Activities | -2.368M | $4.232M | 888.1K |
Net Change In Cash | -246.8K | $1.904M | -1.097M |
YoY Change | -82.42% | -240.7% | 104.48% |
FREE CASH FLOW | |||
Cash From Operating Activities | $2.422M | $2.027M | -$2.082M |
Capital Expenditures | -$173.5K | -$151.4K | -$846.3K |
Free Cash Flow | $2.596M | $2.178M | -$1.236M |
YoY Change | 30.99% | -4.86% | -135.71% |
Facts In Submission
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347152 | usd |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
999622 | usd | |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
872694 | usd | |
CY2022Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
1171264 | usd |
CY2021Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
1247305 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
2237139 | usd | |
CY2022Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.34 | |
CY2021Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.37 | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.65 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
1.29 | ||
CY2022Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.34 | |
CY2021Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.37 | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.65 | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
1.29 | ||
CY2022Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
3464765 | |
CY2021Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
3408906 | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
3449465 | ||
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
3400917 | ||
CY2022Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
3464765 | |
CY2021Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
3409800 | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
3449465 | ||
us-gaap |
Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
|
-0 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
918114 | usd | |
us-gaap |
Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
|
-15370 | usd | |
us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
676359 | usd | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
3401805 | ||
CY2022Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
36538374 | usd |
CY2022Q2 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
19807 | usd |
CY2022Q2 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
0 | usd |
CY2022Q2 | us-gaap |
Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
|
1000012 | usd |
CY2022Q2 | us-gaap |
Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
|
75000 | usd |
CY2022Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
1171264 | usd |
CY2022Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
38654457 | usd |
CY2021Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
32023559 | usd |
CY2021Q2 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
14333 | usd |
CY2021Q2 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
65915 | usd |
CY2021Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
1247305 | usd |
CY2021Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
33351112 | usd |
CY2021Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
34639901 | usd |
us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
36114 | usd | |
us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
882000 | usd | |
us-gaap |
Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
|
1000012 | usd | |
us-gaap |
Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
|
140709 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
2237139 | usd | |
CY2022Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
38654457 | usd |
CY2020Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
27532546 | usd |
us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
30000 | usd | |
us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
379876 | usd | |
us-gaap |
Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
|
1059000 | usd | |
us-gaap |
Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
|
41033 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
4390722 | usd | |
CY2021Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
33351112 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
2237139 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
4390722 | usd | |
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
1855257 | usd | |
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
1518494 | usd | |
us-gaap |
Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
|
-434069 | usd | |
us-gaap |
Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
|
67928 | usd | |
us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
-0 | usd | |
us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
1453837 | usd | |
us-gaap |
Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
|
647471 | usd | |
us-gaap |
Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
|
572326 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
409876 | usd | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
3100400 | usd | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
3186784 | usd | |
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
2219722 | usd | |
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
1781567 | usd | |
us-gaap |
Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
|
-71046 | usd | |
us-gaap |
Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
|
-1623466 | usd | |
us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
599793 | usd | |
us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
205280 | usd | |
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
2603596 | usd | |
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
1462832 | usd | |
us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
-639452 | usd | |
us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
-572788 | usd | |
us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
1383324 | usd | |
us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
-533131 | usd | |
us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
843202 | usd | |
CY2021Q2 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
261025 | usd |
us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
640124 | usd | |
us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
466949 | usd | |
us-gaap |
Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
|
2212082 | usd | |
us-gaap |
Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
|
-1537962 | usd | |
CY2022Q2 | us-gaap |
Equity Securities Fv Ni
EquitySecuritiesFvNi
|
1084175 | usd |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
4449221 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
2852760 | usd | |
CY2022Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.34 | |
CY2021Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.37 | |
crawa |
Proceeds From Sale Of Equity Securities
ProceedsFromSaleOfEquitySecurities
|
0 | usd | |
crawa |
Proceeds From Sale Of Equity Securities
ProceedsFromSaleOfEquitySecurities
|
123069 | usd | |
us-gaap |
Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
|
324967 | usd | |
us-gaap |
Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
|
1418663 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-4656706 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-8384975 | usd | |
us-gaap |
Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
|
2030541 | usd | |
us-gaap |
Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
|
1287456 | usd | |
us-gaap |
Repayments Of Bank Debt
RepaymentsOfBankDebt
|
1916666 | usd | |
us-gaap |
Repayments Of Bank Debt
RepaymentsOfBankDebt
|
3630634 | usd | |
us-gaap |
Proceeds From Bank Debt
ProceedsFromBankDebt
|
6702395 | usd | |
us-gaap |
Proceeds From Bank Debt
ProceedsFromBankDebt
|
7734627 | usd | |
us-gaap |
Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
|
750000 | usd | |
us-gaap |
Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
|
-0 | usd | |
us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
140709 | usd | |
us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
41033 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
1864479 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
2775504 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
1656994 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-2756710 | usd | |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
1494415 | usd |
CY2020Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
6194276 | usd |
CY2022Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
3151409 | usd |
CY2021Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
3437566 | usd |
us-gaap |
Interest Paid Net
InterestPaidNet
|
438210 | usd | |
us-gaap |
Interest Paid Net
InterestPaidNet
|
362353 | usd | |
us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
380298 | usd | |
us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
0 | usd | |
us-gaap |
Stock Issued1
StockIssued1
|
1000012 | usd | |
us-gaap |
Stock Issued1
StockIssued1
|
1059000 | usd | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.65 | ||
us-gaap |
Basis Of Accounting
BasisOfAccounting
|
<p style="font-family: Times New Roman; font-size: 10pt; font-variant: normal; margin: 0pt;"><b><em style="font: inherit;">1.</em></b> <b> BASIS OF PRESENTATION</b></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; margin: 0pt;">The accompanying unaudited consolidated financial statements have been prepared in accordance with generally accepted accounting principles (GAAP) for interim financial information and with the instructions to Form <em style="font: inherit;">10</em>-Q and Article <em style="font: inherit;">8</em> of Regulation S-<em style="font: inherit;">X.</em> Accordingly, they do <em style="font: inherit;">not</em> include all the information and footnotes required by generally accepted accounting principles for complete financial statements. The consolidated financial statements include the accounts of Crawford United Corporation and its wholly-owned subsidiaries (the “Company”). Significant intercompany transactions and balances have been eliminated in the financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. Operating results for the <em style="font: inherit;">three</em> and <em style="font: inherit;">six</em> months ended <em style="font: inherit;"> June 30, 2022 </em>are <em style="font: inherit;">not</em> necessarily indicative of the results that <em style="font: inherit;"> may </em>be expected for the year ending <em style="font: inherit;"> December 31, 2022. </em>For further information, refer to the consolidated financial statements and footnotes thereto included in the Company’s Annual Report on Form <em style="font: inherit;">10</em>-K for the year ending <em style="font: inherit;"> December 31, 2021. </em></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; margin: 0pt;">During the <em style="font: inherit;">six</em>-month period ended <em style="font: inherit;"> June 30, 2022, </em>there have been <em style="font: inherit;">no</em> changes to our significant accounting policies.</p> | ||
us-gaap |
Use Of Estimates
UseOfEstimates
|
<b><i><span style="text-decoration: underline; ">Use of Estimates in the Preparation of Financial Statements</span></i></b><br/> The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that <em style="font: inherit;"> may </em>affect the reported amounts of certain assets and liabilities and disclosure of contingencies at the date of the financial statements, and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. | ||
CY2022Q2 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
25298152 | usd |
CY2021Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
24805224 | usd |
CY2022Q2 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
13990149 | usd |
CY2021Q4 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
12540149 | usd |
CY2022Q2 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
3843709 | usd |
CY2022Q2 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
98804 | usd |
CY2021Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
75930 | usd |
CY2021Q4 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
3203585 | usd |
CY2022Q2 | us-gaap |
Inventory Raw Materials
InventoryRawMaterials
|
3762339 | usd |
CY2021Q4 | us-gaap |
Inventory Raw Materials
InventoryRawMaterials
|
3904865 | usd |
CY2022Q2 | us-gaap |
Inventory Work In Process
InventoryWorkInProcess
|
4434122 | usd |
CY2021Q4 | us-gaap |
Inventory Work In Process
InventoryWorkInProcess
|
3949647 | usd |
CY2022Q2 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
13181987 | usd |
CY2021Q4 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
9183532 | usd |
CY2022Q2 | us-gaap |
Inventory Gross
InventoryGross
|
21378448 | usd |
CY2021Q4 | us-gaap |
Inventory Gross
InventoryGross
|
17038044 | usd |
CY2022Q2 | us-gaap |
Inventory Valuation Reserves
InventoryValuationReserves
|
559313 | usd |
CY2021Q4 | us-gaap |
Inventory Valuation Reserves
InventoryValuationReserves
|
452607 | usd |
CY2022Q2 | us-gaap |
Inventory Net
InventoryNet
|
20819135 | usd |
CY2021Q4 | us-gaap |
Inventory Net
InventoryNet
|
16585437 | usd |
us-gaap |
Goodwill Period Increase Decrease
GoodwillPeriodIncreaseDecrease
|
1800000 | usd | |
CY2021Q4 | us-gaap |
Goodwill
Goodwill
|
14400000 | usd |
CY2022Q2 | us-gaap |
Goodwill
Goodwill
|
16200000 | usd |
us-gaap |
Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
|
1900000 | usd | |
CY2022Q2 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
10146440 | usd |
CY2021Q4 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
9336564 | usd |
CY2022Q2 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
320895 | usd |
CY2022Q2 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
10331770 | usd |
CY2021Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
9196022 | usd |
CY2021Q4 | us-gaap |
Goodwill
Goodwill
|
14404618 | usd |
CY2020Q4 | us-gaap |
Goodwill
Goodwill
|
11505852 | usd |
us-gaap |
Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
|
1922513 | usd | |
CY2021 | us-gaap |
Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
|
2898766 | usd |
us-gaap |
Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
|
-169854 | usd | |
CY2021 | us-gaap |
Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
|
0 | usd |
CY2022Q2 | us-gaap |
Goodwill
Goodwill
|
16157277 | usd |
CY2021Q4 | us-gaap |
Goodwill
Goodwill
|
14404618 | usd |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
1.29 | ||
CY2022Q1 | us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
2 | pure |
CY2022Q2 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
14966382 | usd |
CY2021Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
15609202 | usd |
CY2022Q2 | us-gaap |
Depreciation
Depreciation
|
585412 | usd |
CY2021Q2 | us-gaap |
Depreciation
Depreciation
|
661628 | usd |
us-gaap |
Depreciation
Depreciation
|
1181246 | usd | |
us-gaap |
Depreciation
Depreciation
|
1170565 | usd | |
CY2020Q4 | us-gaap |
Equity Securities Fv Ni
EquitySecuritiesFvNi
|
1534400 | usd |
CY2021 | crawa |
Equity Securities Fvni Acquisitions Dispositions And Settlements
EquitySecuritiesFvniAcquisitionsDispositionsAndSettlements
|
19698 | usd |
CY2021 | us-gaap |
Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
|
-188615 | usd |
CY2021 | us-gaap |
Equity Securities Fv Ni Realized Gain
EquitySecuritiesFvNiRealizedGain
|
152761 | usd |
CY2021Q4 | us-gaap |
Equity Securities Fv Ni
EquitySecuritiesFvNi
|
1518244 | usd |
CY2021Q4 | us-gaap |
Equity Securities Fv Ni
EquitySecuritiesFvNi
|
1518244 | usd |
crawa |
Equity Securities Fvni Acquisitions Dispositions And Settlements
EquitySecuritiesFvniAcquisitionsDispositionsAndSettlements
|
0 | usd | |
us-gaap |
Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
|
-434069 | usd | |
us-gaap |
Equity Securities Fv Ni Realized Gain
EquitySecuritiesFvNiRealizedGain
|
0 | usd | |
CY2022Q2 | us-gaap |
Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
|
8200000 | usd |
CY2021Q4 | us-gaap |
Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
|
13700000 | usd |
CY2022Q2 | us-gaap |
Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
|
31902027 | usd |
CY2022Q2 | us-gaap |
Gross Profit
GrossProfit
|
6768491 | usd |
CY2022Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
2375527 | usd |
CY2022Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
1595670 | usd |
CY2022Q1 | crawa |
Lessee Operating And Finance Lease Renewal Term
LesseeOperatingAndFinanceLeaseRenewalTerm
|
P10Y | |
CY2022Q2 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
8731603 | usd |
CY2021Q4 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
8998776 | usd |
CY2022Q2 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P9Y | |
CY2021Q4 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P9Y | |
CY2022Q2 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.050 | pure |
CY2021Q4 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.050 | pure |
CY2022Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
1171264 | usd |
CY2022Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
1171264 | usd |
CY2021Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
1247305 | usd |
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
2237139 | usd | |
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
4390722 | usd | |
CY2022Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
3464765 | |
CY2021Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
3408906 | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
3449465 | ||
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
3400917 | ||
CY2022Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.34 | |
CY2021Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.37 | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.65 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
1.29 | ||
CY2022Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
3464765 | |
CY2021Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
3408906 | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
3449465 | ||
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
3400917 | ||
CY2022Q2 | us-gaap |
Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
|
0 | |
CY2021Q2 | us-gaap |
Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
|
894 | |
us-gaap |
Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
|
0 | ||
us-gaap |
Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
|
888 | ||
CY2022Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
3464765 | |
CY2021Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
3409800 | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
3449465 | ||
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
3401805 | ||
us-gaap |
Business Combination Pro Forma Information Revenue Of Acquiree Since Acquisition Date Actual
BusinessCombinationProFormaInformationRevenueOfAcquireeSinceAcquisitionDateActual
|
62904773 | usd | |
us-gaap |
Business Combination Pro Forma Information Earnings Or Loss Of Acquiree Since Acquisition Date Actual
BusinessCombinationProFormaInformationEarningsOrLossOfAcquireeSinceAcquisitionDateActual
|
2237139 | usd | |
us-gaap |
Business Combination Pro Forma Information Revenue Of Acquiree Since Acquisition Date Actual
BusinessCombinationProFormaInformationRevenueOfAcquireeSinceAcquisitionDateActual
|
50443889 | usd | |
us-gaap |
Business Combination Pro Forma Information Earnings Or Loss Of Acquiree Since Acquisition Date Actual
BusinessCombinationProFormaInformationEarningsOrLossOfAcquireeSinceAcquisitionDateActual
|
4390722 | usd | |
CY2021Q2 | us-gaap |
Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
|
26449885 | usd |
CY2021Q2 | us-gaap |
Gross Profit
GrossProfit
|
5780290 | usd |
CY2021Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
2119797 | usd |
CY2021Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
1594457 | usd |
CY2021Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
1247305 | usd |