$DSNY
DESTINY MEDIA TECHNOLOGIES INC

2020 Q1 Form 10-Q Financial Statement

#000106299320000168 Filed on January 15, 2020

View on sec.gov

Income Statement

Concept 2020 Q1 2019 Q4 2018 Q4
Revenue $806.7K $1.046M $980.0K
YoY Change -8.26% 6.72% 1.03%
Cost Of Revenue $69.12K $85.28K $80.00K
YoY Change -6.1% 6.6%
Gross Profit $737.6K $960.6K $910.0K
YoY Change -8.46% 5.56%
Gross Profit Margin 91.43% 91.85% 92.86%
Selling, General & Admin $578.5K $500.0K $390.0K
YoY Change 34.86% 28.21% -4.88%
% of Gross Profit 78.43% 52.05% 42.86%
Research & Development $287.8K $320.0K $290.0K
YoY Change 1.72% 10.34% -3.33%
% of Gross Profit 39.01% 33.31% 31.87%
Depreciation & Amortization $40.00K $30.00K $61.58K
YoY Change 100.0% -51.29% 105.28%
% of Gross Profit 5.42% 3.12% 6.77%
Operating Expenses $901.7K $855.3K $700.0K
YoY Change 23.26% 22.19% -5.41%
Operating Profit -$164.1K $105.3K $210.0K
YoY Change -321.19% -49.87%
Interest Expense $0.00 $10.00K $20.00K
YoY Change -100.0% -50.0%
% of Operating Profit 9.5% 9.52%
Other Income/Expense, Net $674.00
YoY Change
Pretax Income -$160.0K $110.0K $220.0K
YoY Change -300.0% -50.0% -4.35%
Income Tax
% Of Pretax Income
Net Earnings -$155.3K $111.7K $220.0K
YoY Change -292.43% -49.25% -4.35%
Net Earnings / Revenue -19.25% 10.68% 22.45%
Basic Earnings Per Share
Diluted Earnings Per Share -$0.01 $0.01 $0.02
COMMON SHARES
Basic Shares Outstanding 10.57M shares 11.95M shares 11.00M shares
Diluted Shares Outstanding 11.95M shares 11.00M shares

Balance Sheet

Concept 2020 Q1 2019 Q4 2018 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.180M $2.680M $2.470M
YoY Change -16.48% 8.5% 41.14%
Cash & Equivalents $1.050M $1.545M $1.331M
Short-Term Investments $1.130M $1.140M $1.140M
Other Short-Term Assets $70.00K $70.00K $40.00K
YoY Change 16.67% 75.0% 0.0%
Inventory
Prepaid Expenses $69.97K
Receivables $567.9K $420.0K $340.0K
Other Receivables $9.825K $10.00K $20.00K
Total Short-Term Assets $2.827M $3.180M $2.870M
YoY Change -7.3% 10.8% 27.56%
LONG-TERM ASSETS
Property, Plant & Equipment $238.9K $830.0K $150.0K
YoY Change 25.75% 453.33% -11.76%
Goodwill
YoY Change
Intangibles $21.18K
YoY Change
Long-Term Investments
YoY Change
Other Assets $30.00K $30.00K $30.00K
YoY Change 0.0% 0.0% 0.0%
Total Long-Term Assets $795.1K $890.0K $220.0K
YoY Change 205.8% 304.55% -18.52%
TOTAL ASSETS
Total Short-Term Assets $2.827M $3.180M $2.870M
Total Long-Term Assets $795.1K $890.0K $220.0K
Total Assets $3.622M $4.070M $3.090M
YoY Change 9.44% 31.72% 22.62%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $246.2K $200.0K $150.0K
YoY Change 29.56% 33.33% -37.5%
Accrued Expenses $256.7K $490.0K $170.0K
YoY Change 6.95% 188.24% 0.0%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00
YoY Change
Total Short-Term Liabilities $729.7K $700.0K $390.0K
YoY Change 48.93% 79.49% -9.3%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $330.0K $390.0K
YoY Change
Total Long-Term Liabilities $330.0K $390.0K $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $729.7K $700.0K $390.0K
Total Long-Term Liabilities $330.0K $390.0K $0.00
Total Liabilities $1.063M $1.100M $390.0K
YoY Change 116.97% 182.05% -9.3%
SHAREHOLDERS EQUITY
Retained Earnings -$6.384M
YoY Change
Common Stock $10.45K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.559M $2.968M $2.700M
YoY Change
Total Liabilities & Shareholders Equity $3.622M $4.070M $3.090M
YoY Change 9.44% 31.72% 22.62%

Cashflow Statement

Concept 2020 Q1 2019 Q4 2018 Q4
OPERATING ACTIVITIES
Net Income -$155.3K $111.7K $220.0K
YoY Change -292.43% -49.25% -4.35%
Depreciation, Depletion And Amortization $40.00K $30.00K $61.58K
YoY Change 100.0% -51.29% 105.28%
Cash From Operating Activities -$220.0K $86.25K $260.0K
YoY Change -229.41% -66.83% -50.94%
INVESTING ACTIVITIES
Capital Expenditures $30.00K $10.23K $10.00K
YoY Change -40.0% 2.31% -85.71%
Acquisitions
YoY Change
Other Investing Activities $10.00K -$760.0K
YoY Change
Cash From Investing Activities -$30.00K -$766.6K -$10.00K
YoY Change -40.0% 7566.03% -85.71%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $291.9K
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -240.0K -$291.9K
YoY Change
NET CHANGE
Cash From Operating Activities -220.0K $86.25K 260.0K
Cash From Investing Activities -30.00K -$766.6K -10.00K
Cash From Financing Activities -240.0K -$291.9K
Net Change In Cash -490.0K -$972.2K 250.0K
YoY Change -508.33% -488.9% -45.65%
FREE CASH FLOW
Cash From Operating Activities -$220.0K $86.25K $260.0K
Capital Expenditures $30.00K $10.23K $10.00K
Free Cash Flow -$250.0K $76.01K $250.0K
YoY Change -308.33% -69.59% -45.65%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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StockholdersEquity
2516776 USD
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
2699934 USD
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CY2019Q4 us-gaap Net Income Loss
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CY2019Q4 dei Entity Shell Company
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false
CY2019Q4 dei Entity Registrant Name
EntityRegistrantName
DESTINY MEDIA TECHNOLOGIES INC
CY2020Q1 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
10567241 shares
CY2019Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
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10113 USD
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CY2019Q4 dei Current Fiscal Year End Date
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CY2019Q4 dei Entity Filer Category
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CY2019Q4 dei Document Period End Date
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2019-11-30
CY2019Q4 dei Entity Interactive Data Current
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2512138 USD
CY2019Q4 dei Document Fiscal Year Focus
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2020
CY2019Q4 dei Entity Current Reporting Status
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CY2019Q4 dei Entity Emerging Growth Company
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CY2018Q3 us-gaap Cash And Cash Equivalents At Carrying Value
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CY2018Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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CY2019Q4 us-gaap Short Term Investments
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CY2018Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2019Q4 us-gaap Earnings Per Share Basic And Diluted
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CY2018Q4 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
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12053 USD
CY2019Q4 us-gaap Stock Repurchased During Period Value
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291889 USD
CY2019Q4 dsny Amortization Of Right Of Use Assets
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3325 USD
CY2018Q4 us-gaap Increase Decrease In Prepaid Expense
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-16035 USD
CY2019Q4 us-gaap Net Cash Provided By Used In Operating Activities
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86245 USD
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CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Maximum
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0 pure
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0.013 pure
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
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0 pure
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CY2018Q4 us-gaap Depreciation
Depreciation
61583 USD

Files In Submission

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0001062993-20-000168-index-headers.html Edgar Link pending
0001062993-20-000168-index.html Edgar Link pending
0001062993-20-000168.txt Edgar Link pending
0001062993-20-000168-xbrl.zip Edgar Link pending
dsny-20191130.xml Edgar Link completed
dsny-20191130.xsd Edgar Link pending
dsny-20191130_cal.xml Edgar Link unprocessable
dsny-20191130_def.xml Edgar Link unprocessable
dsny-20191130_lab.xml Edgar Link unprocessable
dsny-20191130_pre.xml Edgar Link unprocessable
exhibit31-1.htm Edgar Link pending
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Financial_Report.xlsx Edgar Link pending
form10q.htm Edgar Link pending
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