$DSNY
DESTINY MEDIA TECHNOLOGIES INC

2021 Q1 Form 10-Q Financial Statement

#000106299321003612 Filed on April 14, 2021

View on sec.gov

Income Statement

Concept 2021 Q1 2020 Q4 2020 Q3
Revenue $930.7K $1.124M $1.030M
YoY Change 15.37% 7.47% 5.1%
Cost Of Revenue $91.90K $90.31K $80.00K
YoY Change 32.96% 5.9% -74.19%
Gross Profit $838.8K $1.034M $950.0K
YoY Change 13.72% 7.61% 41.79%
Gross Profit Margin 90.13% 91.96% 92.23%
Selling, General & Admin $505.3K $460.0K $360.0K
YoY Change -12.64% -8.0% 71.43%
% of Gross Profit 60.25% 44.5% 37.89%
Research & Development $337.4K $300.0K $380.0K
YoY Change 17.25% -6.25% 22.58%
% of Gross Profit 40.22% 29.02% 40.0%
Depreciation & Amortization $30.00K $20.00K $40.00K
YoY Change -25.0% -33.33% 33.33%
% of Gross Profit 3.58% 1.93% 4.21%
Operating Expenses $869.1K $784.4K $780.0K
YoY Change -3.61% -8.29% 39.29%
Operating Profit -$30.34K $249.2K $170.0K
YoY Change -81.51% 136.76% 54.55%
Interest Expense $20.00K $0.00 -$20.00K
YoY Change -100.0% -300.0%
% of Operating Profit 0.0% -11.76%
Other Income/Expense, Net $0.00 $0.00
YoY Change -100.0%
Pretax Income -$30.00K $250.0K $160.0K
YoY Change -81.25% 127.27% 45.45%
Income Tax
% Of Pretax Income
Net Earnings -$29.47K $250.7K $160.0K
YoY Change -81.03% 124.53% 45.45%
Net Earnings / Revenue -3.17% 22.3% 15.53%
Basic Earnings Per Share
Diluted Earnings Per Share $0.00 $0.02 $0.02
COMMON SHARES
Basic Shares Outstanding 10.45M shares 10.45M shares
Diluted Shares Outstanding 10.45M shares

Balance Sheet

Concept 2021 Q1 2020 Q4 2020 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.010M $3.080M $2.620M
YoY Change 38.07% 14.93% -9.34%
Cash & Equivalents $3.010M $3.077M $1.841M
Short-Term Investments $0.00 $0.00 $780.0K
Other Short-Term Assets $100.0K $60.00K $80.00K
YoY Change 42.86% -14.29% 0.0%
Inventory
Prepaid Expenses $78.56K
Receivables $328.1K $330.0K $426.8K
Other Receivables $40.00K $30.00K $26.08K
Total Short-Term Assets $3.480M $3.500M $3.154M
YoY Change 23.09% 10.06% -4.87%
LONG-TERM ASSETS
Property, Plant & Equipment $470.0K $530.0K $194.3K
YoY Change 96.71% -36.14% -25.54%
Goodwill
YoY Change
Intangibles $22.95K
YoY Change -7.06%
Long-Term Investments
YoY Change
Other Assets $40.00K $30.00K $30.00K
YoY Change 33.33% 0.0% 0.0%
Total Long-Term Assets $520.0K $580.0K $655.5K
YoY Change -34.6% -34.83% 105.28%
TOTAL ASSETS
Total Short-Term Assets $3.480M $3.500M $3.154M
Total Long-Term Assets $520.0K $580.0K $655.5K
Total Assets $4.000M $4.080M $3.810M
YoY Change 10.43% 0.25% 4.81%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $140.0K $190.0K $119.4K
YoY Change -43.13% -5.0% -9.85%
Accrued Expenses $610.0K $560.0K $353.2K
YoY Change 137.65% 14.29% 16.4%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $760.0K $770.0K $730.5K
YoY Change 4.15% 10.0% 44.35%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $110.0K $160.0K $220.0K
YoY Change -66.67% -58.97%
Total Long-Term Liabilities $110.0K $160.0K $220.0K
YoY Change -66.67% -58.97%
TOTAL LIABILITIES
Total Short-Term Liabilities $760.0K $770.0K $730.5K
Total Long-Term Liabilities $110.0K $160.0K $220.0K
Total Liabilities $880.0K $930.0K $949.6K
YoY Change -17.23% -15.45% 87.64%
SHAREHOLDERS EQUITY
Retained Earnings -$6.171M
YoY Change -2.67%
Common Stock $10.41K $10.45K
YoY Change -0.4% -5.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.125M $3.152M $2.860M
YoY Change
Total Liabilities & Shareholders Equity $4.000M $4.085M $3.810M
YoY Change 10.43% 0.36% 4.81%

Cashflow Statement

Concept 2021 Q1 2020 Q4 2020 Q3
OPERATING ACTIVITIES
Net Income -$29.47K $250.7K $160.0K
YoY Change -81.03% 124.53% 45.45%
Depreciation, Depletion And Amortization $30.00K $20.00K $40.00K
YoY Change -25.0% -33.33% 33.33%
Cash From Operating Activities -$50.00K $441.7K $500.0K
YoY Change -77.27% 412.09% 150.0%
INVESTING ACTIVITIES
Capital Expenditures $0.00 $5.188K $10.00K
YoY Change -100.0% -49.29% -87.5%
Acquisitions
YoY Change
Other Investing Activities $40.00K $760.0K $370.0K
YoY Change 300.0% -200.0% -67.26%
Cash From Investing Activities $30.00K $758.6K $370.0K
YoY Change -200.0% -198.95% -64.76%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -50.00K 0.000 0.000
YoY Change -79.17% -100.0%
NET CHANGE
Cash From Operating Activities -50.00K $441.7K 500.0K
Cash From Investing Activities 30.00K $758.6K 370.0K
Cash From Financing Activities -50.00K 0.000 0.000
Net Change In Cash -70.00K $1.200M 870.0K
YoY Change -85.71% -223.45% -30.4%
FREE CASH FLOW
Cash From Operating Activities -$50.00K $441.7K $500.0K
Capital Expenditures $0.00 $5.188K $10.00K
Free Cash Flow -$50.00K $436.5K $490.0K
YoY Change -80.0% 474.19% 308.33%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2021Q1 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
328131 USD
CY2021Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
19537 USD
CY2020Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
219063 USD
CY2021Q1 us-gaap Common Stock Value
CommonStockValue
10409 USD
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
3151810 USD
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
2968264 USD
CY2021Q1 us-gaap Cost Of Revenue
CostOfRevenue
91899 USD
CY2020Q1 us-gaap Cost Of Revenue
CostOfRevenue
69120 USD
us-gaap Cost Of Revenue
CostOfRevenue
182212 USD
CY2020Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
403961 USD
CY2021Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
301228 USD
CY2020Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
20000000 shares
CY2021Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
20000000 shares
CY2020Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2021Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2020Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
10450646 shares
CY2020Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
10450646 shares
CY2021Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
114170 USD
CY2021Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
10409361 shares
CY2021Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
10409361 shares
CY2021Q1 us-gaap Revenues
Revenues
930699 USD
CY2020Q1 us-gaap Stockholders Equity
StockholdersEquity
2559188 USD
CY2020Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-164115 USD
CY2020Q1 us-gaap Revenues
Revenues
806729 USD
CY2021Q1 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
337392 USD
CY2021Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
26400 USD
CY2021Q1 us-gaap Gross Profit
GrossProfit
838800 USD
CY2020Q1 us-gaap Gross Profit
GrossProfit
737609 USD
CY2021Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
164395 USD
CY2020Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
216094 USD
CY2021Q1 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
340954 USD
CY2020Q1 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
362400 USD
CY2020Q1 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
287752 USD
CY2020Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
35478 USD
CY2021Q1 us-gaap Investment Income Interest
InvestmentIncomeInterest
875 USD
CY2020Q1 us-gaap Investment Income Interest
InvestmentIncomeInterest
8110 USD
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
-29466 USD
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
-155331 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
391840 USD
us-gaap Payments For Proceeds From Short Term Investments
PaymentsForProceedsFromShortTermInvestments
753185 USD
CY2020Q1 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
2697 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-133573 USD
us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
550140 shares
CY2021Q1 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
45004 USD
us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
45004 USD
dsny Allowance For Doubtful Amounts
AllowanceForDoubtfulAmounts
-4465 USD
us-gaap Cost Of Revenue
CostOfRevenue
154402 USD
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
1686 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
1170375 USD
us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
533223 USD
dsny Allowance For Doubtful Amounts
AllowanceForDoubtfulAmounts
0 USD
dsny Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-6110 USD
dsny Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
5447 USD
us-gaap Payments For Proceeds From Short Term Investments
PaymentsForProceedsFromShortTermInvestments
-800624 USD
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
36472 USD
CY2021Q1 us-gaap Operating Expenses
OperatingExpenses
869141 USD
CY2020Q1 us-gaap Operating Expenses
OperatingExpenses
901724 USD
us-gaap Operating Expenses
OperatingExpenses
1653566 USD
us-gaap Operating Expenses
OperatingExpenses
1757029 USD
CY2021Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-30341 USD
CY2021Q1 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
0 USD
CY2020Q1 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
674 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
0 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
696 USD
CY2021Q1 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
34081 USD
CY2020Q1 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-15108 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
62123 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-13556 USD
CY2021Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
4615 USD
CY2020Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-170439 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
283359 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-57229 USD
CY2021Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.00
CY2020Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.01
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.02
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.00
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.00
CY2021Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
10442752 shares
CY2020Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
10629438 shares
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
10446726 shares
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
10665834 shares
CY2021Q1 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
13134 USD
CY2021Q1 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
41285 shares
CY2020Q1 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
241334 USD
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
276915 USD
dsny Recognition Of Right Of Use Liability
RecognitionOfRightOfUseLiability
671911 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
0 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
0 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-1461961 USD
us-gaap Interest Paid
InterestPaid
0 USD
us-gaap Interest Paid
InterestPaid
0 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
0.49
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
0.34
CY2021Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
960649 USD
CY2020Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
942477 USD
CY2021Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
790840 USD
CY2020Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
748200 USD

Files In Submission

Name View Source Status
0001062993-21-003612-index-headers.html Edgar Link pending
0001062993-21-003612-index.html Edgar Link pending
0001062993-21-003612.txt Edgar Link pending
0001062993-21-003612-xbrl.zip Edgar Link pending
dsny-20210228.xml Edgar Link completed
dsny-20210228.xsd Edgar Link pending
dsny-20210228_cal.xml Edgar Link unprocessable
dsny-20210228_def.xml Edgar Link unprocessable
dsny-20210228_lab.xml Edgar Link unprocessable
dsny-20210228_pre.xml Edgar Link unprocessable
exhibit31-1.htm Edgar Link pending
exhibit31-2.htm Edgar Link pending
exhibit32-1.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
form10q.htm 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
R4.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