2019 Q4 Form 10-K Financial Statement

#000144736220000029 Filed on March 10, 2020

View on sec.gov

Income Statement

Concept 2019 Q4 2019 2018 Q4
Revenue $17.64M $51.87M $11.44M
YoY Change 54.21% 127.62%
Cost Of Revenue $2.010M $7.310M $1.370M
YoY Change 46.72% 38.0%
Gross Profit $15.62M $44.56M $10.07M
YoY Change 55.15% 154.76%
Gross Profit Margin 88.6% 85.91% 88.06%
Selling, General & Admin $9.830M $29.84M $4.080M
YoY Change 140.93% 81.18%
% of Gross Profit 62.92% 66.98% 40.52%
Research & Development $3.160M $7.385M $1.140M
YoY Change 177.19% 52.14%
% of Gross Profit 20.23% 16.58% 11.32%
Depreciation & Amortization $100.0K $354.0K $80.00K
YoY Change 25.0% 23.34%
% of Gross Profit 0.64% 0.79% 0.79%
Operating Expenses $13.01M $37.23M $5.300M
YoY Change 145.47% 74.57%
Operating Profit $2.614M $7.328M $4.770M
YoY Change -45.2% -291.03%
Interest Expense -$490.0K $4.571M -$650.0K
YoY Change -24.62% 101.01%
% of Operating Profit -18.75% 62.38% -13.63%
Other Income/Expense, Net $0.00 -$2.933M -$240.0K
YoY Change -100.0% 978.31%
Pretax Income $2.130M $5.350M $3.880M
YoY Change -45.1% -184.12%
Income Tax $70.00K $72.00K $10.00K
% Of Pretax Income 3.29% 1.35% 0.26%
Net Earnings $2.055M $5.277M $3.868M
YoY Change -46.87% -182.88%
Net Earnings / Revenue 11.65% 10.17% 33.82%
Basic Earnings Per Share $0.12 $0.35 $1.49
Diluted Earnings Per Share $0.11 -$0.21 $0.38
COMMON SHARES
Basic Shares Outstanding 17.07M shares 8.584M shares
Diluted Shares Outstanding 8.658M shares

Balance Sheet

Concept 2019 Q4 2019 2018 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $98.80M $98.80M
YoY Change 2095.56%
Cash & Equivalents $98.85M $98.80M $4.479M
Short-Term Investments
Other Short-Term Assets $2.000M $2.000M
YoY Change 185.71%
Inventory $1.237M $1.200M $882.0K
Prepaid Expenses
Receivables $14.65M $14.60M $12.09M
Other Receivables $0.00 $0.00
Total Short-Term Assets $116.7M $116.7M $18.13M
YoY Change 543.72% 544.75%
LONG-TERM ASSETS
Property, Plant & Equipment $2.060M $2.100M $1.529M
YoY Change 34.73% 40.0%
Goodwill
YoY Change
Intangibles $0.00 $4.000K
YoY Change -100.0%
Long-Term Investments
YoY Change
Other Assets $135.0K $100.0K $214.0K
YoY Change -36.92% -50.0%
Total Long-Term Assets $3.065M $3.000M $4.279M
YoY Change -28.37% -30.23%
TOTAL ASSETS
Total Short-Term Assets $116.7M $116.7M $18.13M
Total Long-Term Assets $3.065M $3.000M $4.279M
Total Assets $119.7M $119.7M $22.41M
YoY Change 434.46% 434.38%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.865M $1.900M $1.451M
YoY Change 28.53% 26.67%
Accrued Expenses $7.500M $7.500M
YoY Change 41.51%
Deferred Revenue $0.00
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $5.833M $5.800M $0.00
YoY Change
Total Short-Term Liabilities $15.29M $15.30M $6.737M
YoY Change 126.94% 128.36%
LONG-TERM LIABILITIES
Long-Term Debt $19.29M $19.30M $24.50M
YoY Change -21.27% -21.22%
Other Long-Term Liabilities $100.0K $100.0K
YoY Change -91.67%
Total Long-Term Liabilities $19.29M $19.40M $24.50M
YoY Change -21.27% -24.51%
TOTAL LIABILITIES
Total Short-Term Liabilities $15.29M $15.30M $6.737M
Total Long-Term Liabilities $19.29M $19.40M $24.50M
Total Liabilities $34.63M $34.60M $32.48M
YoY Change 6.65% 6.46%
SHAREHOLDERS EQUITY
Retained Earnings -$52.21M -$57.49M
YoY Change -9.18%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $85.11M $85.10M -$56.57M
YoY Change
Total Liabilities & Shareholders Equity $119.7M $119.7M $22.41M
YoY Change 434.46% 434.38%

Cashflow Statement

Concept 2019 Q4 2019 2018 Q4
OPERATING ACTIVITIES
Net Income $2.055M $5.277M $3.868M
YoY Change -46.87% -182.88%
Depreciation, Depletion And Amortization $100.0K $354.0K $80.00K
YoY Change 25.0% 23.34%
Cash From Operating Activities $4.500M $7.015M -$3.210M
YoY Change -240.19% -157.06%
INVESTING ACTIVITIES
Capital Expenditures -$350.0K $937.0K -$10.00K
YoY Change 3400.0% 238.27%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$350.0K -$937.0K -$10.00K
YoY Change 3400.0% 238.27%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $65.93M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 230.0K $88.29M 4.420M
YoY Change -94.8% 457.41%
NET CHANGE
Cash From Operating Activities 4.500M $7.015M -3.210M
Cash From Investing Activities -350.0K -$937.0K -10.00K
Cash From Financing Activities 230.0K $88.29M 4.420M
Net Change In Cash 4.380M $94.37M 1.200M
YoY Change 265.0% 2788.46%
FREE CASH FLOW
Cash From Operating Activities $4.500M $7.015M -$3.210M
Capital Expenditures -$350.0K $937.0K -$10.00K
Free Cash Flow $4.850M $6.078M -$3.200M
YoY Change -251.56% -148.35%

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131000 USD
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246000 USD
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119000 USD
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224000 USD
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11000 USD
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39000 USD
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251000 USD
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578000 USD
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355000 USD
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77038 shares
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49000 USD
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11695000 USD
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38000 USD
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1174000 USD
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CY2019 us-gaap Proceeds From Stock Plans
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218000 USD
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2438000 USD
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1529000 USD
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2060000 USD
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1791000 USD
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4854000 USD
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14774000 USD
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17635000 USD
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51865000 USD
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16471000 USD
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29842000 USD
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ShareBasedCompensation
1249000 USD
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Additional Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfAdditionalSharesAuthorized
410172 shares
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Additional Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfAdditionalSharesAuthorized
2075898 shares
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
551918 shares
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
458726 shares
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
863127 shares
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
590104 shares
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
5151000 USD
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
39828 shares
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
1.82
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
6.36
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
580402 shares
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
1711325 shares
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
55578000 USD
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1175987 shares
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1659596 shares
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
2637966 shares
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
1.79
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
1.99
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
13.30
CY2018 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
1.91
CY2019 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
1.70
CY2018 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
2.39
CY2019 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
19.41
CY2019Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
18984000 USD
CY2019 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P6Y1M8D
CY2019Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
126044 shares
CY2019Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
2.39
CY2019 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P8Y7M20D
CY2018 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
19755 shares
CY2019 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
693127 shares
CY2019 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
26577000 USD
CY2019 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
65931000 USD
CY2018 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
38000 USD
CY2019 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
1175000 USD
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
-50311000 USD
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
-56566000 USD
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
85113000 USD
CY2019Q3 us-gaap Stockholders Equity Note Stock Split Conversion Ratio1
StockholdersEquityNoteStockSplitConversionRatio1
0.8203
CY2018 us-gaap Temporary Equity Accretion To Redemption Value Adjustment
TemporaryEquityAccretionToRedemptionValueAdjustment
219000 USD
CY2019 us-gaap Temporary Equity Accretion To Redemption Value Adjustment
TemporaryEquityAccretionToRedemptionValueAdjustment
130000 USD
CY2018 us-gaap Temporary Equity Dividends Adjustment
TemporaryEquityDividendsAdjustment
3577000 USD
CY2019 us-gaap Temporary Equity Dividends Adjustment
TemporaryEquityDividendsAdjustment
2156000 USD
CY2019Q3 us-gaap Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
9973884 shares
CY2018Q4 us-gaap Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
1194000 USD
CY2019Q4 us-gaap Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
0 USD
CY2018 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1906000 shares
CY2019 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
8658000 shares
CY2018 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1906000 shares
CY2019 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
8584000 shares
CY2019 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;color:#231f20;">A majority of the Company&#8217;s cash and cash equivalents are deposited with a single financial institution. </font></div></div>
CY2019 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;color:#231f20;">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Significant items subject to such estimates include revenue recognition, the determination of fair value of the Company&#8217;s preferred stock warrants and convertible debt embedded derivatives, the valuation of stock options, assessing future tax exposure and the realization of deferred tax assets, the useful lives and recoverability of property and equipment, and contingent liabilities. The Company bases these estimates on historical and anticipated results, trends, and various other assumptions that the Company believes are reasonable under the circumstances, including assumptions as to future events. These estimates form the basis for making judgments about the carrying values of assets and liabilities and recorded revenues and expenses that are not readily apparent from other sources. Actual results could differ from those estimates and assumptions.</font></div></div>

Files In Submission

Name View Source Status
0001447362-20-000029-index-headers.html Edgar Link pending
0001447362-20-000029-index.html Edgar Link pending
0001447362-20-000029.txt Edgar Link pending
0001447362-20-000029-xbrl.zip Edgar Link pending
a1231201910-k.htm Edgar Link pending
cstl-20191231.xml Edgar Link completed
cstl-20191231.xsd Edgar Link pending
cstl-20191231_cal.xml Edgar Link unprocessable
cstl-20191231_def.xml Edgar Link unprocessable
cstl-20191231_lab.xml Edgar Link unprocessable
cstl-20191231_pre.xml Edgar Link unprocessable
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