$CTHR
CHARLES & COLVARD LTD

2021 Q4 Form 10-Q Financial Statement

#000114036122003802 Filed on February 04, 2022

View on sec.gov

Income Statement

Concept 2021 Q4 2021 Q2 2020 Q4
Revenue $13.75M $9.727M $12.15M
YoY Change 13.22% 119.56% 13.96%
Cost Of Revenue $7.034M $5.330M $6.168M
YoY Change 14.04% 123.97% 11.52%
Gross Profit $6.719M $4.396M $5.979M
YoY Change 12.38% 114.45% 16.58%
Gross Profit Margin 48.86% 45.2% 49.22%
Selling, General & Admin $5.269M $3.300M $3.458M
YoY Change 52.36% 15.79% -20.77%
% of Gross Profit 78.41% 75.07% 57.84%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $114.0K $147.1K $138.6K
YoY Change -17.75% 22.6% 26.39%
% of Gross Profit 1.7% 3.35% 2.32%
Operating Expenses $5.269M $3.300M $3.458M
YoY Change 52.36% 15.79% -20.77%
Operating Profit $1.451M $1.096M $2.521M
YoY Change -42.46% -237.02% 230.0%
Interest Expense $0.00 -$1.180K $2.466K
YoY Change -100.0% -111.8% 790.25%
% of Operating Profit 0.0% -0.11% 0.1%
Other Income/Expense, Net $490.00 -$1.412K
YoY Change -134.7% -103.15%
Pretax Income $1.451M $2.047M $2.520M
YoY Change -42.41% -298.77% 211.55%
Income Tax $283.0K -$6.334M $500.00
% Of Pretax Income 19.5% -309.37% 0.02%
Net Earnings $1.168M $8.381M $2.519M
YoY Change -53.65% -913.71% 209.45%
Net Earnings / Revenue 8.49% 86.17% 20.74%
Basic Earnings Per Share $0.04 $0.09
Diluted Earnings Per Share $0.04 $262.5K $0.09
COMMON SHARES
Basic Shares Outstanding 30.29M 29.85M 28.80M
Diluted Shares Outstanding 31.32M 29.26M

Balance Sheet

Concept 2021 Q4 2021 Q2 2020 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $16.26M $21.30M $16.69M
YoY Change -2.57% 52.27% 31.52%
Cash & Equivalents $16.26M $21.30M $16.69M
Short-Term Investments
Other Short-Term Assets $6.831M $1.097M $1.520M
YoY Change 349.44% -39.07% -25.85%
Inventory $12.49M $11.45M $12.07M
Prepaid Expenses
Receivables $3.647M $1.662M $3.060M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $39.48M $35.76M $33.35M
YoY Change 18.39% 49.57% 16.94%
LONG-TERM ASSETS
Property, Plant & Equipment $1.417M $875.9K $976.0K
YoY Change 45.22% -12.33% -12.28%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $49.66K $49.66K $42.33K
YoY Change 17.31% -3.5% -87.09%
Total Long-Term Assets $30.60M $29.16M $18.17M
YoY Change 68.4% 16.66% -33.81%
TOTAL ASSETS
Total Short-Term Assets $39.48M $35.76M $33.35M
Total Long-Term Assets $30.60M $29.16M $18.17M
Total Assets $70.08M $64.92M $51.52M
YoY Change 36.03% 32.75% -7.95%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.871M $2.774M $2.933M
YoY Change 66.09% -25.98% -39.21%
Accrued Expenses $2.488M $2.282M $1.946M
YoY Change 27.82% 18.7% 28.41%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $580.0K
YoY Change -100.0%
Total Short-Term Liabilities $8.132M $5.622M $5.986M
YoY Change 35.87% -13.32% -13.92%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $390.0K
YoY Change -100.0% -100.0%
Other Long-Term Liabilities $3.241M $3.611M $10.00K
YoY Change 32311.0% 1619.39% -98.0%
Total Long-Term Liabilities $3.241M $3.611M $394.9K
YoY Change 720.67% 267.34% -20.84%
TOTAL LIABILITIES
Total Short-Term Liabilities $8.132M $5.622M $5.986M
Total Long-Term Liabilities $3.241M $3.611M $394.9K
Total Liabilities $11.37M $9.233M $6.381M
YoY Change 78.25% 23.62% -14.39%
SHAREHOLDERS EQUITY
Retained Earnings -$23.98M -$25.98M -$35.39M
YoY Change -32.24% -33.03% 11.99%
Common Stock $82.69M $81.67M $80.53M
YoY Change 2.68% 1.8% 0.51%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $58.71M $55.69M $45.14M
YoY Change
Total Liabilities & Shareholders Equity $70.08M $64.92M $51.52M
YoY Change 36.03% 32.75% -7.95%

Cashflow Statement

Concept 2021 Q4 2021 Q2 2020 Q4
OPERATING ACTIVITIES
Net Income $1.168M $8.381M $2.519M
YoY Change -53.65% -913.71% 209.45%
Depreciation, Depletion And Amortization $114.0K $147.1K $138.6K
YoY Change -17.75% 22.6% 26.39%
Cash From Operating Activities $2.261M $1.803M $3.050M
YoY Change -25.87% -0.93% 211.22%
INVESTING ACTIVITIES
Capital Expenditures $377.6K -$113.5K $143.2K
YoY Change 163.67% 62.1% -31.29%
Acquisitions
YoY Change
Other Investing Activities $0.00
YoY Change
Cash From Investing Activities -$405.3K -$113.5K -$160.0K
YoY Change 153.33% 62.1% -33.33%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 288.6K 80.09K 120.0K
YoY Change 140.46% -91.74%
NET CHANGE
Cash From Operating Activities 2.261M 1.803M 3.050M
Cash From Investing Activities -405.3K -113.5K -160.0K
Cash From Financing Activities 288.6K 80.09K 120.0K
Net Change In Cash 2.144M 1.770M 3.010M
YoY Change -28.77% -34.94% 306.76%
FREE CASH FLOW
Cash From Operating Activities $2.261M $1.803M $3.050M
Capital Expenditures $377.6K -$113.5K $143.2K
Free Cash Flow $1.883M $1.917M $2.907M
YoY Change -35.21% 1.41% 276.73%

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us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
0
us-gaap Dividends Cash
DividendsCash
0
CY2021Q4 us-gaap Net Income Loss
NetIncomeLoss
1167612
CY2020Q4 us-gaap Net Income Loss
NetIncomeLoss
2519077
us-gaap Net Income Loss
NetIncomeLoss
1994637
us-gaap Net Income Loss
NetIncomeLoss
3393343
CY2021Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
30287677
CY2020Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
28804265
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
30159543
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
28795424
CY2021Q4 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1027811
CY2020Q4 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
458437
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
184585
CY2021Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
31315488
CY2020Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
29262702
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
31237948
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
28980009
CY2021Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.04
CY2020Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.09
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.07
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.12
CY2021Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.04
CY2020Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.09
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.06
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.12

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