$CYAN
CYANOTECH CORP

2016 Q4 Form 10-Q Financial Statement

#000143774917001860 Filed on February 07, 2017

View on sec.gov

Income Statement

Concept 2016 Q4 2015 Q4
Revenue $7.605M $7.534M
YoY Change 0.94% -22.26%
Cost Of Revenue $4.748M $4.450M
YoY Change 6.7% -9.05%
Gross Profit $2.857M $3.084M
YoY Change -7.36% -35.72%
Gross Profit Margin 37.57% 40.93%
Selling, General & Admin $2.887M $2.656M
YoY Change 8.7% -19.56%
% of Gross Profit 101.05% 86.12%
Research & Development $143.0K $132.0K
YoY Change 8.33% -14.84%
% of Gross Profit 5.01% 4.28%
Depreciation & Amortization $480.0K $420.0K
YoY Change 14.29% 20.0%
% of Gross Profit 16.8% 13.62%
Operating Expenses $3.030M $2.788M
YoY Change 8.68% -21.9%
Operating Profit -$173.0K $296.0K
YoY Change -158.45% -75.9%
Interest Expense -$149.0K -$89.00K
YoY Change 67.42% 286.96%
% of Operating Profit -30.07%
Other Income/Expense, Net
YoY Change
Pretax Income -$322.0K $207.0K
YoY Change -255.56% -72.76%
Income Tax $27.00K $457.0K
% Of Pretax Income 220.77%
Net Earnings -$349.0K -$250.0K
YoY Change 39.6% -154.0%
Net Earnings / Revenue -4.59% -3.32%
Basic Earnings Per Share -$0.06 -$0.04
Diluted Earnings Per Share -$0.06 -$0.04
COMMON SHARES
Basic Shares Outstanding 5.669M 5.594M
Diluted Shares Outstanding 5.669M 5.594M

Balance Sheet

Concept 2016 Q4 2015 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.660M $2.000M
YoY Change -17.0% -21.26%
Cash & Equivalents $1.662M $1.995M
Short-Term Investments
Other Short-Term Assets $830.0K $940.0K
YoY Change -11.7% 49.21%
Inventory $7.671M $7.352M
Prepaid Expenses
Receivables $2.467M $3.058M
Other Receivables $0.00 $0.00
Total Short-Term Assets $12.63M $13.34M
YoY Change -5.3% -1.24%
LONG-TERM ASSETS
Property, Plant & Equipment $16.87M $17.90M
YoY Change -5.79% 28.28%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $222.0K $794.0K
YoY Change -72.04% -1.37%
Total Long-Term Assets $17.09M $21.57M
YoY Change -20.76% 17.09%
TOTAL ASSETS
Total Short-Term Assets $12.63M $13.34M
Total Long-Term Assets $17.09M $21.57M
Total Assets $29.72M $34.90M
YoY Change -14.85% 9.33%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.548M $3.910M
YoY Change -9.26% 1.96%
Accrued Expenses $1.396M $1.321M
YoY Change 5.68% 26.65%
Deferred Revenue
YoY Change
Short-Term Debt $610.0K $0.00
YoY Change
Long-Term Debt Due $610.0K $560.0K
YoY Change 8.93% 166.67%
Total Short-Term Liabilities $6.245M $5.923M
YoY Change 5.44% 15.39%
LONG-TERM LIABILITIES
Long-Term Debt $6.400M $7.190M
YoY Change -10.99% 40.98%
Other Long-Term Liabilities $40.00K $10.00K
YoY Change 300.0% 0.0%
Total Long-Term Liabilities $6.440M $7.200M
YoY Change -10.56% 40.9%
TOTAL LIABILITIES
Total Short-Term Liabilities $6.245M $5.923M
Total Long-Term Liabilities $6.440M $7.200M
Total Liabilities $12.76M $13.13M
YoY Change -2.77% 28.15%
SHAREHOLDERS EQUITY
Retained Earnings -$14.81M -$9.815M
YoY Change 50.9% 8.15%
Common Stock $113.0K $112.0K
YoY Change 0.89% 0.9%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $16.96M $21.78M
YoY Change
Total Liabilities & Shareholders Equity $29.72M $34.90M
YoY Change -14.85% 9.33%

Cashflow Statement

Concept 2016 Q4 2015 Q4
OPERATING ACTIVITIES
Net Income -$349.0K -$250.0K
YoY Change 39.6% -154.0%
Depreciation, Depletion And Amortization $480.0K $420.0K
YoY Change 14.29% 20.0%
Cash From Operating Activities -$20.00K $970.0K
YoY Change -102.06% 288.0%
INVESTING ACTIVITIES
Capital Expenditures -$230.0K -$820.0K
YoY Change -71.95% -30.51%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00
YoY Change -100.0%
Cash From Investing Activities -$230.0K -$820.0K
YoY Change -71.95% 24.24%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -140.0K -220.0K
YoY Change -36.36% -344.44%
NET CHANGE
Cash From Operating Activities -20.00K 970.0K
Cash From Investing Activities -230.0K -820.0K
Cash From Financing Activities -140.0K -220.0K
Net Change In Cash -390.0K -70.00K
YoY Change 457.14% -78.13%
FREE CASH FLOW
Cash From Operating Activities -$20.00K $970.0K
Capital Expenditures -$230.0K -$820.0K
Free Cash Flow $210.0K $1.790M
YoY Change -88.27% 25.17%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2016Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
2467000
CY2016Q4 cyan Accrued Rent And Utilities Current
AccruedRentAndUtilitiesCurrent
68000
CY2016Q1 cyan Accrued Rent And Utilities Current
AccruedRentAndUtilitiesCurrent
49000
cyan Inventory Abnormal Production Costs
InventoryAbnormalProductionCosts
395000
CY2016Q4 cyan Longterm Debt And Capital Lease Obligations Net Of Issuance Costs
LongtermDebtAndCapitalLeaseObligationsNetOfIssuanceCosts
6400000
CY2016Q1 cyan Longterm Debt And Capital Lease Obligations Net Of Issuance Costs
LongtermDebtAndCapitalLeaseObligationsNetOfIssuanceCosts
6790000
CY2016Q4 cyan Non Inventoriable Fixed Costs
NonInventoriableFixedCosts
148000
cyan Non Inventoriable Fixed Costs
NonInventoriableFixedCosts
221000
CY2015Q4 cyan Non Inventoriable Fixed Costs
NonInventoriableFixedCosts
21000
cyan Non Inventoriable Fixed Costs
NonInventoriableFixedCosts
149000
CY2016Q4 cyan Separation Expense
SeparationExpense
184000
cyan Shareased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Forfeiture Rate
ShareasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedForfeitureRate
0
cyan Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Vesting Period
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsVestingPeriod
P182D
CY2016Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
3548000
CY2016Q1 us-gaap Accounts Payable Current
AccountsPayableCurrent
4000000
CY2016Q1 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
2983000
CY2016Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
1396000
CY2016Q1 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
1430000
CY2016Q4 us-gaap Accrued Marketing Costs Current
AccruedMarketingCostsCurrent
CY2016Q1 us-gaap Accrued Marketing Costs Current
AccruedMarketingCostsCurrent
74000
CY2016Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
136000
CY2016Q1 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
95000
CY2016Q4 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
963000
CY2016Q1 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
972000
CY2016Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
15472000
CY2016Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
14067000
CY2016Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
31657000
CY2016Q1 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
31585000
CY2016Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
49000
CY2016Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
136000
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
49000
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
41000
CY2016Q4 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
605000
CY2015Q4 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
605000
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1414916
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1414916
CY2016Q4 us-gaap Assets
Assets
29721000
CY2016Q1 us-gaap Assets
Assets
30843000
CY2016Q4 us-gaap Assets Current
AssetsCurrent
12632000
CY2016Q1 us-gaap Assets Current
AssetsCurrent
12655000
CY2016Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1662000
CY2016Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1240000
CY2015Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
2226000
CY2015Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1995000
CY2016Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2016Q1 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2016Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.02
CY2016Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.02
CY2016Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
50000000
CY2016Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
50000000
CY2016Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
5668881
CY2016Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
5599797
CY2016Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
5668881
CY2016Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
5599797
CY2016Q4 us-gaap Common Stock Value
CommonStockValue
113000
CY2016Q1 us-gaap Common Stock Value
CommonStockValue
112000
CY2016Q4 us-gaap Construction In Progress Gross
ConstructionInProgressGross
620000
CY2016Q1 us-gaap Construction In Progress Gross
ConstructionInProgressGross
672000
CY2016Q4 us-gaap Cost Of Goods Sold
CostOfGoodsSold
4748000
CY2015Q4 us-gaap Cost Of Goods Sold
CostOfGoodsSold
4450000
us-gaap Cost Of Goods Sold
CostOfGoodsSold
15226000
us-gaap Cost Of Goods Sold
CostOfGoodsSold
14536000
CY2016Q4 us-gaap Customer Deposits Current
CustomerDepositsCurrent
76000
CY2016Q1 us-gaap Customer Deposits Current
CustomerDepositsCurrent
117000
CY2016Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
276000
CY2016Q1 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
304000
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
168000
CY2016Q4 us-gaap Deferred Rent Credit Noncurrent
DeferredRentCreditNoncurrent
43000
CY2016Q1 us-gaap Deferred Rent Credit Noncurrent
DeferredRentCreditNoncurrent
30000
CY2016Q4 us-gaap Deferred Tax Assets Net Current
DeferredTaxAssetsNetCurrent
74000
CY2016Q1 us-gaap Deferred Tax Assets Net Current
DeferredTaxAssetsNetCurrent
74000
CY2016Q4 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
74000
CY2016Q1 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
74000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1489000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1057000
CY2016Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.06
CY2015Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.04
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.17
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.06
CY2016Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.06
CY2015Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.04
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.17
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.06
CY2016Q4 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.084
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.003
us-gaap Increase Decrease In Customer Deposits
IncreaseDecreaseInCustomerDeposits
99000
us-gaap Increase Decrease In Deferred Liabilities
IncreaseDecreaseInDeferredLiabilities
13000
us-gaap Increase Decrease In Deferred Liabilities
IncreaseDecreaseInDeferredLiabilities
2000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-185000
CY2015Q4 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
2.208
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.688
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.34
CY2016Q4 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
1138000
CY2015Q4 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
1331000
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
4864000
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
3998000
CY2016Q4 us-gaap Gross Profit
GrossProfit
2857000
CY2015Q4 us-gaap Gross Profit
GrossProfit
3084000
us-gaap Gross Profit
GrossProfit
9563000
us-gaap Gross Profit
GrossProfit
9108000
CY2016Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-322000
CY2015Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
207000
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-939000
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-202000
CY2016Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
27000
CY2015Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
457000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
139000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
21000
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-452000
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
984000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-516000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-61000
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-34000
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
198000
us-gaap Increase Decrease In Customer Deposits
IncreaseDecreaseInCustomerDeposits
-41000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
1645000
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
-149000
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
-75000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
256000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
206000
us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
-486000
CY2015Q4 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
35000
us-gaap Interest Costs Capitalized
InterestCostsCapitalized
172000
CY2016Q4 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-149000
CY2015Q4 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-89000
us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-403000
us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-164000
us-gaap Interest Paid
InterestPaid
322000
us-gaap Interest Paid
InterestPaid
290000
CY2016Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
3501000
CY2016Q1 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
3543000
CY2016Q4 us-gaap Inventory Net
InventoryNet
7671000
CY2016Q1 us-gaap Inventory Net
InventoryNet
7856000
CY2016Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
392000
CY2016Q1 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
375000
CY2016Q4 us-gaap Inventory Supplies Net Of Reserves
InventorySuppliesNetOfReserves
251000
CY2016Q1 us-gaap Inventory Supplies Net Of Reserves
InventorySuppliesNetOfReserves
156000
CY2016Q1 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
8000
CY2016Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
3527000
CY2016Q1 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
3782000
CY2016Q4 us-gaap Liabilities
Liabilities
12762000
CY2016Q1 us-gaap Liabilities
Liabilities
13015000
CY2016Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
29721000
CY2016Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
30843000
CY2016Q4 us-gaap Liabilities Current
LiabilitiesCurrent
6245000
CY2016Q1 us-gaap Liabilities Current
LiabilitiesCurrent
6121000
CY2016Q4 us-gaap Lines Of Credit Current
LinesOfCreditCurrent
611000
CY2016Q1 us-gaap Lines Of Credit Current
LinesOfCreditCurrent
CY2016Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
6676000
CY2016Q1 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
7094000
CY2016Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
614000
CY2016Q1 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
574000
CY2016Q4 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
7290000
CY2016Q1 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
7668000
CY2016Q4 us-gaap Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal After Year Five
LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalAfterYearFive
4089000
CY2016Q4 us-gaap Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal In Year Five
LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalInYearFive
662000
CY2016Q4 us-gaap Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal In Year Four
LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalInYearFour
655000
CY2016Q4 us-gaap Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal In Year Three
LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalInYearThree
644000
CY2016Q4 us-gaap Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal In Year Two
LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalInYearTwo
626000
CY2016Q4 us-gaap Long Term Debt And Capital Lease Obligations Repayments Of Principal In Next Twelve Months
LongTermDebtAndCapitalLeaseObligationsRepaymentsOfPrincipalInNextTwelveMonths
614000
us-gaap Net Cash Provided By Used In Continuing Operations
NetCashProvidedByUsedInContinuingOperations
422000
us-gaap Net Cash Provided By Used In Continuing Operations
NetCashProvidedByUsedInContinuingOperations
-231000
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
38000
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
2211000
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-508000
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-3547000
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
892000
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
1105000
us-gaap Net Income Loss
NetIncomeLoss
-942000
us-gaap Net Income Loss
NetIncomeLoss
-341000
CY2016Q4 us-gaap Net Income Loss
NetIncomeLoss
-349000
CY2015Q4 us-gaap Net Income Loss
NetIncomeLoss
-250000
CY2016Q4 us-gaap Operating Expenses
OperatingExpenses
3030000
CY2015Q4 us-gaap Operating Expenses
OperatingExpenses
2788000
us-gaap Operating Expenses
OperatingExpenses
10099000
us-gaap Operating Expenses
OperatingExpenses
9146000
CY2016Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
-173000
CY2015Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
296000
us-gaap Operating Income Loss
OperatingIncomeLoss
-536000
us-gaap Operating Income Loss
OperatingIncomeLoss
-38000
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
7351000
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
612000
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
528000
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
556000
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
620000
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
611000
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
4424000
CY2016Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
87000
CY2016Q1 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
100000
CY2016Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
222000
CY2016Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
392000
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
147000
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
508000
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
4033000
CY2016Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2016Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2016Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000
CY2016Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000
CY2016Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2016Q1 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2016Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2016Q1 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2016Q4 us-gaap Preferred Stock Value
PreferredStockValue
CY2016Q1 us-gaap Preferred Stock Value
PreferredStockValue
CY2016Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
758000
CY2016Q1 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
502000
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
2407000
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
611000
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
600000
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
500000
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
4000
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
66000
CY2016Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
31719000
CY2016Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
31191000
CY2016Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
16867000
CY2016Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
17796000
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
43000
us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
58000
us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
32000
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
372000
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
230000
CY2015Q3 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
500000
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
600000
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
500000
CY2016Q4 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
143000
CY2015Q4 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
132000
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
461000
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
475000
CY2016Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-14811000
CY2016Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-13869000
CY2016Q4 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
142000
CY2016Q1 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
140000
CY2016Q4 us-gaap Sales Revenue Net
SalesRevenueNet
7605000
CY2015Q4 us-gaap Sales Revenue Net
SalesRevenueNet
7534000
us-gaap Sales Revenue Net
SalesRevenueNet
24789000
us-gaap Sales Revenue Net
SalesRevenueNet
23644000
CY2015Q4 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
1325000
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
4774000
CY2016Q4 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
1749000
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
4673000
us-gaap Share Based Compensation
ShareBasedCompensation
216000
us-gaap Share Based Compensation
ShareBasedCompensation
569000
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExercisePrice
4.08
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
6.09
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
4.08
CY2016Q4 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Exercisable Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfExercisableOptions
579500
CY2016Q4 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Outstanding Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptions
605000
CY2016Q4 us-gaap Share Price
SharePrice
4.30
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P1Y
CY2016Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
314561
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P4Y292D
CY2016Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
171250
CY2016Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
25500
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedNumberOfShares
54500
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedWeightedAverageGrantDateFairValue
4.73
CY2016Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
3.75
CY2016Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
2.43
CY2016 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P5Y255D
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P4Y328D
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares
97250
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue
3.36
CY2016Q4 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Exercise Price1
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageExercisePrice1
4.43
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.5113
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.006
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
1650000
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
1589124
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
579500
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
4.43
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
84500
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
6000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
0.83
CY2016Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
566323
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
315881
CY2016Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
685000
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
605000
CY2016Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
4.65
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
4.44
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
3.11
CY2016Q4 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Exercise Price Beginning Balance1
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageExercisePriceBeginningBalance1
4.44
us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageRemainingContractualTerm2
P4Y328D
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
1500
CY2016Q4 us-gaap Stockholders Equity
StockholdersEquity
16959000
CY2016Q1 us-gaap Stockholders Equity
StockholdersEquity
17828000
CY2016Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0
CY2016Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
5669000
CY2015Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
5594000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
5653000
CY2016Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
5669000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
5576000
CY2015Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
5594000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
5653000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
5576000

Files In Submission

Name View Source Status
0001437749-17-001860-index-headers.html Edgar Link pending
0001437749-17-001860-index.html Edgar Link pending
0001437749-17-001860.txt Edgar Link pending
0001437749-17-001860-xbrl.zip Edgar Link pending
cyan-20161231.xml Edgar Link completed
cyan-20161231.xsd Edgar Link pending
cyan-20161231_cal.xml Edgar Link unprocessable
cyan-20161231_def.xml Edgar Link unprocessable
cyan-20161231_lab.xml Edgar Link unprocessable
cyan-20161231_pre.xml Edgar Link unprocessable
cyan20161231_10q.htm Edgar Link pending
cyano1.jpg Edgar Link pending
ex31-1.htm Edgar Link pending
ex31-2.htm Edgar Link pending
ex32.htm Edgar Link pending
ex99-1.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending