2021 Q2 Form 10-Q Financial Statement

#000143774921020149 Filed on August 16, 2021

View on sec.gov

Income Statement

Concept 2021 Q2 2020 Q2 2020 Q1
Revenue $4.034M $3.719M $6.036M
YoY Change 8.47% -24.38% 74.02%
Cost Of Revenue $3.037M $3.117M $4.101M
YoY Change -2.57% -29.56% 6.34%
Gross Profit $997.1K $601.5K $1.936M
YoY Change 65.77% 22.05% -599.18%
Gross Profit Margin 24.72% 16.17% 32.06%
Selling, General & Admin $1.649M $1.638M $1.714M
YoY Change 0.71% -11.91% -14.89%
% of Gross Profit 165.4% 272.26% 88.53%
Research & Development $430.8K $96.11K $113.8K
YoY Change 348.2% -45.68% -30.63%
% of Gross Profit 43.2% 15.98% 5.88%
Depreciation & Amortization $169.2K $330.0K $330.0K
YoY Change -48.73% 22.22% 17.86%
% of Gross Profit 16.97% 54.86% 17.05%
Operating Expenses $2.080M $1.734M $1.827M
YoY Change 19.97% -14.85% -16.07%
Operating Profit -$1.083M -$1.132M $108.2K
YoY Change -4.33% -26.65% -104.22%
Interest Expense $107.0K $114.5K $116.0K
YoY Change -6.54% -9.33% 1.21%
% of Operating Profit 107.28%
Other Income/Expense, Net $217.6K $107.9K $110.8K
YoY Change 101.7%
Pretax Income $1.471M -$1.133M $127.8K
YoY Change -229.83% -30.38% -104.86%
Income Tax $1.064K $1.049K -$1.531M
% Of Pretax Income 0.07% -1197.37%
Net Earnings $1.470M -$1.134M $1.658M
YoY Change -229.62% -18.55% -176.18%
Net Earnings / Revenue 36.45% -30.5% 27.47%
Basic Earnings Per Share $0.22 -$0.17 $0.25
Diluted Earnings Per Share $0.22 -$0.17 $0.25
COMMON SHARES
Basic Shares Outstanding 6.684M 6.635M 6.626M
Diluted Shares Outstanding 6.687M 6.635M 6.626M

Balance Sheet

Concept 2021 Q2 2020 Q2 2020 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $5.388M $9.380M $7.400M
YoY Change -42.56% 9.32% -34.22%
Cash & Equivalents $5.388M $9.375M $7.400M
Short-Term Investments
Other Short-Term Assets $460.3K $452.4K $532.4K
YoY Change 1.74% -11.26% -30.92%
Inventory $1.297M $1.547M $1.691M
Prepaid Expenses
Receivables $1.147M $1.721M $3.238M
Other Receivables $715.6K $1.530M $1.530M
Total Short-Term Assets $26.26M $15.56M $16.14M
YoY Change 68.69% 5.93% -4.83%
LONG-TERM ASSETS
Property, Plant & Equipment $12.41M $32.36M $32.23M
YoY Change -61.66% 3.32% 5.33%
Goodwill
YoY Change
Intangibles $234.6K $385.1K $413.0K
YoY Change -39.07% -16.48% -11.35%
Long-Term Investments
YoY Change
Other Assets $23.32K $13.75K $13.75K
YoY Change 69.61% -67.07% -67.07%
Total Long-Term Assets $12.66M $32.76M $32.65M
YoY Change -61.34% -5.97% -3.01%
TOTAL ASSETS
Total Short-Term Assets $26.26M $15.56M $16.14M
Total Long-Term Assets $12.66M $32.76M $32.65M
Total Assets $38.92M $48.33M $48.79M
YoY Change -19.46% -2.44% -3.62%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $910.7K $463.6K $737.0K
YoY Change 96.45% -59.68% -5.5%
Accrued Expenses $1.766M $1.378M $1.481M
YoY Change 28.18% -20.37% -3.9%
Deferred Revenue $1.001M $420.3K $174.5K
YoY Change 138.19% 145.82% -74.83%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $1.916M $680.0K $680.0K
YoY Change 181.69% -21.43% -21.02%
Total Short-Term Liabilities $14.72M $4.249M $5.897M
YoY Change 246.35% -3.42% 36.19%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $13.45M $11.21M
YoY Change -100.0% 14.82% -5.69%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $13.45M $11.21M
YoY Change -100.0% 14.82% -5.69%
TOTAL LIABILITIES
Total Short-Term Liabilities $14.72M $4.249M $5.897M
Total Long-Term Liabilities $0.00 $13.45M $11.21M
Total Liabilities $14.72M $17.70M $17.11M
YoY Change -16.86% 9.84% 5.5%
SHAREHOLDERS EQUITY
Retained Earnings -$2.938M $3.696M $4.831M
YoY Change -179.49% -44.08% -39.63%
Common Stock $27.14M $26.93M $26.86M
YoY Change 0.79% 1.26% 1.69%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $24.20M $30.62M $31.69M
YoY Change
Total Liabilities & Shareholders Equity $38.92M $48.33M $48.79M
YoY Change -19.46% -2.01% -3.62%

Cashflow Statement

Concept 2021 Q2 2020 Q2 2020 Q1
OPERATING ACTIVITIES
Net Income $1.470M -$1.134M $1.658M
YoY Change -229.62% -18.55% -176.18%
Depreciation, Depletion And Amortization $169.2K $330.0K $330.0K
YoY Change -48.73% 22.22% 17.86%
Cash From Operating Activities -$280.9K $170.0K -$675.2K
YoY Change -265.22% -111.18% -261.97%
INVESTING ACTIVITIES
Capital Expenditures -$88.47K -$440.0K $422.4K
YoY Change -79.89% -55.56% -3.74%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$88.47K -$440.0K -$422.4K
YoY Change -79.89% -55.56% -3.74%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $166.9K
YoY Change 1.5%
Cash From Financing Activities -172.1K 2.250M -166.9K
YoY Change -107.65% -1423.53% 1.5%
NET CHANGE
Cash From Operating Activities -280.9K 170.0K -675.2K
Cash From Investing Activities -88.47K -440.0K -422.4K
Cash From Financing Activities -172.1K 2.250M -166.9K
Net Change In Cash -541.4K 1.980M -1.265M
YoY Change -127.35% -173.88% 578.5%
FREE CASH FLOW
Cash From Operating Activities -$280.9K $170.0K -$675.2K
Capital Expenditures -$88.47K -$440.0K $422.4K
Free Cash Flow -$192.4K $610.0K -$1.098M
YoY Change -131.54% -215.09% 4898.74%

Facts In Submission

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