$DSNY
DESTINY MEDIA TECHNOLOGIES INC

2020 Q3 Form 10-Q Financial Statement

#000106299320003311 Filed on July 15, 2020

View on sec.gov

Income Statement

Concept 2020 Q3 2020 Q2 2019 Q2
Revenue $1.030M $940.0K $970.0K
YoY Change 5.1% -3.09% 5.43%
Cost Of Revenue $80.00K $86.98K $70.00K
YoY Change -74.19% 24.26%
Gross Profit $950.0K $850.0K $900.0K
YoY Change 41.79% -5.56%
Gross Profit Margin 92.23% 90.43% 92.78%
Selling, General & Admin $360.0K $450.0K $470.0K
YoY Change 71.43% -4.26% 11.9%
% of Gross Profit 37.89% 52.94% 52.22%
Research & Development $380.0K $360.0K $250.0K
YoY Change 22.58% 44.0% -13.79%
% of Gross Profit 40.0% 42.35% 27.78%
Depreciation & Amortization $40.00K $52.93K $30.00K
YoY Change 33.33% 76.43% 0.0%
% of Gross Profit 4.21% 6.23% 3.33%
Operating Expenses $780.0K $802.6K $730.0K
YoY Change 39.29% 9.94% -1.35%
Operating Profit $170.0K $47.42K $170.0K
YoY Change 54.55% -72.11%
Interest Expense -$20.00K $10.27K
YoY Change -300.0%
% of Operating Profit -11.76% 21.65%
Other Income/Expense, Net $0.00 -$677.00 $1.545K
YoY Change -143.82%
Pretax Income $160.0K $50.00K $200.0K
YoY Change 45.45% -75.0% 11.11%
Income Tax
% Of Pretax Income
Net Earnings $160.0K $50.00K $200.0K
YoY Change 45.45% -75.0% 11.11%
Net Earnings / Revenue 15.53% 5.32% 20.62%
Basic Earnings Per Share $0.01
Diluted Earnings Per Share $0.02 $0.01 $0.02
COMMON SHARES
Basic Shares Outstanding 10.45M shares 10.45M shares
Diluted Shares Outstanding 10.45M shares

Balance Sheet

Concept 2020 Q3 2020 Q2 2019 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.620M $2.010M $2.730M
YoY Change -9.34% -26.37% 33.17%
Cash & Equivalents $1.841M $910.0K $1.230M
Short-Term Investments $780.0K $1.100M $1.500M
Other Short-Term Assets $80.00K $90.00K $110.0K
YoY Change 0.0% -18.18% 120.0%
Inventory
Prepaid Expenses $78.56K
Receivables $426.8K $750.0K $350.0K
Other Receivables $26.08K $20.00K $20.00K
Total Short-Term Assets $3.154M $2.870M $3.210M
YoY Change -4.87% -10.59% 29.44%
LONG-TERM ASSETS
Property, Plant & Equipment $194.3K $650.0K $200.0K
YoY Change -25.54% 225.0% 11.11%
Goodwill
YoY Change
Intangibles $22.95K
YoY Change -7.06%
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 $655.5K $700.0K $260.0K
YoY Change 105.28% 169.23% 0.0%
TOTAL ASSETS
Total Short-Term Assets $3.154M $2.870M $3.210M
Total Long-Term Assets $655.5K $700.0K $260.0K
Total Assets $3.810M $3.570M $3.470M
YoY Change 4.81% 2.88% 26.64%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $119.4K $170.0K $210.0K
YoY Change -9.85% -19.05% 23.53%
Accrued Expenses $353.2K $570.0K $260.0K
YoY Change 16.4% 119.23% 52.94%
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 $730.5K $740.0K $520.0K
YoY Change 44.35% 42.31% 33.33%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $220.0K $270.0K
YoY Change
Total Long-Term Liabilities $220.0K $270.0K $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $730.5K $740.0K $520.0K
Total Long-Term Liabilities $220.0K $270.0K $0.00
Total Liabilities $949.6K $1.010M $520.0K
YoY Change 87.64% 94.23% 33.33%
SHAREHOLDERS EQUITY
Retained Earnings -$6.171M
YoY Change -2.67%
Common Stock $10.45K
YoY Change -5.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.860M $2.563M $2.947M
YoY Change
Total Liabilities & Shareholders Equity $3.810M $3.570M $3.470M
YoY Change 4.81% 2.88% 26.64%

Cashflow Statement

Concept 2020 Q3 2020 Q2 2019 Q2
OPERATING ACTIVITIES
Net Income $160.0K $50.00K $200.0K
YoY Change 45.45% -75.0% 11.11%
Depreciation, Depletion And Amortization $40.00K $52.93K $30.00K
YoY Change 33.33% 76.43% 0.0%
Cash From Operating Activities $500.0K -$100.0K $210.0K
YoY Change 150.0% -147.62% -54.35%
INVESTING ACTIVITIES
Capital Expenditures $10.00K $10.00K $20.00K
YoY Change -87.5% -50.0%
Acquisitions
YoY Change
Other Investing Activities $370.0K $10.00K -$380.0K
YoY Change -67.26% -102.63%
Cash From Investing Activities $370.0K $0.00 -$400.0K
YoY Change -64.76% -100.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 0.000 0.000
YoY Change
NET CHANGE
Cash From Operating Activities 500.0K -100.0K 210.0K
Cash From Investing Activities 370.0K 0.000 -400.0K
Cash From Financing Activities 0.000 0.000
Net Change In Cash 870.0K -100.0K -190.0K
YoY Change -30.4% -47.37% -141.3%
FREE CASH FLOW
Cash From Operating Activities $500.0K -$100.0K $210.0K
Capital Expenditures $10.00K $10.00K $20.00K
Free Cash Flow $490.0K -$110.0K $190.0K
YoY Change 308.33% -157.89% -58.7%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2020Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
10450656 shares
us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
743002 USD
CY2019Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
2512138 USD
CY2019Q3 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
46774 USD
CY2020Q2 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2019Q3 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2020Q1 us-gaap Stockholders Equity
StockholdersEquity
2559188 USD
CY2019Q1 us-gaap Stockholders Equity
StockholdersEquity
2821939 USD
CY2019Q2 us-gaap Stockholders Equity
StockholdersEquity
2947305 USD
CY2020Q2 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
15276 USD
CY2019Q2 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
10363 USD
dsny Allowance For Doubtful Amounts
AllowanceForDoubtfulAmounts
13672 USD
us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
81300 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
54610 USD
CY2020Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-677 USD
CY2019Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
1545 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
19 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
1580 USD
CY2019Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-80709 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-68987 USD
CY2020Q2 us-gaap Share Based Compensation
ShareBasedCompensation
15276 USD
CY2019Q2 us-gaap Share Based Compensation
ShareBasedCompensation
10363 USD
dsny Deferred Leasehold Inducements
DeferredLeaseholdInducements
-2175 USD
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
58504 USD
dsny Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
6409 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-234343 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
533223 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-533223 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
133645 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
637014 USD
us-gaap Operating Lease Expense
OperatingLeaseExpense
160387 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
189048 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
435234 USD
dsny Share Based Compensation Arrangement By Share Based Payment Award Options Forfeited Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeitedIntrinsicValue
0 USD
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedNumberOfShares
10000 shares
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedWeightedAverageGrantDateFairValue
0.40
CY2020Q2 us-gaap Depreciation
Depreciation
52930 USD
us-gaap Depreciation
Depreciation
160387 USD
CY2019Q2 us-gaap Employee Stock Ownership Plan Esop Compensation Expense
EmployeeStockOwnershipPlanESOPCompensationExpense
20324 USD
us-gaap Employee Stock Ownership Plan Esop Weighted Average Purchase Price Of Shares Purchased
EmployeeStockOwnershipPlanESOPWeightedAveragePurchasePriceOfSharesPurchased
0.78
CY2019Q2 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
60507 USD
us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
183640 USD
CY2020Q2 us-gaap Interest Expense
InterestExpense
10267 USD
us-gaap Interest Expense
InterestExpense
35070 USD
CY2019Q2 us-gaap Interest Expense
InterestExpense
USD

Files In Submission

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0001062993-20-003311-index-headers.html Edgar Link pending
0001062993-20-003311-index.html Edgar Link pending
0001062993-20-003311.txt Edgar Link pending
0001062993-20-003311-xbrl.zip Edgar Link pending
dsny-20200531.xml Edgar Link completed
dsny-20200531.xsd Edgar Link pending
dsny-20200531_cal.xml Edgar Link unprocessable
dsny-20200531_def.xml Edgar Link unprocessable
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dsny-20200531_pre.xml Edgar Link unprocessable
exhibit31-1.htm Edgar Link pending
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