2024 Q2 Form 10-Q Financial Statement
#000106299324008379 Filed on April 15, 2024
Income Statement
| Concept | 2024 Q2 | 2024 Q1 | 2023 Q1 |
|---|---|---|---|
| Revenue | $1.155M | $986.3K | $899.0K |
| YoY Change | 8.19% | 9.71% | 0.29% |
| Cost Of Revenue | $150.0K | $135.3K | $126.6K |
| YoY Change | 12.18% | 6.91% | -16.34% |
| Gross Profit | $1.005M | $851.0K | $772.4K |
| YoY Change | 7.62% | 10.17% | 3.67% |
| Gross Profit Margin | 87.01% | 86.28% | 85.92% |
| Selling, General & Admin | $440.2K | $490.3K | $433.6K |
| YoY Change | -20.28% | 13.05% | -23.49% |
| % of Gross Profit | 43.79% | 57.61% | 56.14% |
| Research & Development | $356.6K | $419.2K | $312.9K |
| YoY Change | 44.14% | 33.97% | -14.81% |
| % of Gross Profit | 35.47% | 49.26% | 40.51% |
| Depreciation & Amortization | $84.96K | $83.08K | $30.00K |
| YoY Change | 147.59% | 176.94% | 50.0% |
| % of Gross Profit | 8.45% | 9.76% | 3.88% |
| Operating Expenses | $884.6K | $996.5K | $782.5K |
| YoY Change | 5.71% | 27.34% | -18.55% |
| Operating Profit | $120.8K | -$145.5K | -$10.05K |
| YoY Change | 23.94% | 1347.06% | -95.34% |
| Interest Expense | $40.00K | ||
| YoY Change | -500.0% | ||
| % of Operating Profit | |||
| Other Income/Expense, Net | |||
| YoY Change | |||
| Pretax Income | $134.5K | -$130.0K | -$1.276K |
| YoY Change | 25.62% | 10089.03% | -99.37% |
| Income Tax | $0.00 | $0.00 | $0.00 |
| % Of Pretax Income | 0.0% | ||
| Net Earnings | $134.5K | -$130.0K | -$1.276K |
| YoY Change | 25.62% | 10089.03% | -99.37% |
| Net Earnings / Revenue | 11.64% | -13.18% | -0.14% |
| Basic Earnings Per Share | $0.01 | -$0.01 | $0.00 |
| Diluted Earnings Per Share | $0.01 | -$0.01 | $0.00 |
| COMMON SHARES | |||
| Basic Shares Outstanding | 9.673M shares | 9.821M shares | 10.12M shares |
| Diluted Shares Outstanding | 9.722M shares | 10.11M shares | 10.12M shares |
Balance Sheet
| Concept | 2024 Q2 | 2024 Q1 | 2023 Q1 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $1.970M | ||
| YoY Change | -18.93% | ||
| Cash & Equivalents | $1.391M | $1.540M | $1.974M |
| Short-Term Investments | |||
| Other Short-Term Assets | $80.00K | ||
| YoY Change | 0.0% | ||
| Inventory | |||
| Prepaid Expenses | $69.43K | $40.30K | $50.10K |
| Receivables | $682.4K | $634.5K | $532.0K |
| Other Receivables | $69.92K | $63.75K | $48.32K |
| Total Short-Term Assets | $2.245M | $2.310M | $2.636M |
| YoY Change | -10.82% | -12.37% | -10.93% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $474.9K | $531.9K | $237.5K |
| YoY Change | 130.06% | 123.94% | 115.91% |
| Goodwill | |||
| YoY Change | |||
| Intangibles | $970.7K | $872.8K | $953.8K |
| YoY Change | -19.09% | -8.5% | |
| Long-Term Investments | |||
| YoY Change | |||
| Other Assets | |||
| YoY Change | |||
| Total Long-Term Assets | $1.446M | $1.405M | $1.191M |
| YoY Change | 2.81% | 17.91% | 170.75% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $2.245M | $2.310M | $2.636M |
| Total Long-Term Assets | $1.446M | $1.405M | $1.191M |
| Total Assets | $3.690M | $3.715M | $3.828M |
| YoY Change | -5.93% | -2.95% | 12.58% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $88.27K | $101.1K | $103.1K |
| YoY Change | -18.85% | -1.95% | 47.25% |
| Accrued Expenses | $298.8K | $294.0K | $367.5K |
| YoY Change | -0.42% | -20.0% | -3.28% |
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $0.00 | ||
| YoY Change | |||
| Long-Term Debt Due | |||
| YoY Change | |||
| Total Short-Term Liabilities | $424.0K | $414.4K | $496.7K |
| YoY Change | -5.69% | -16.56% | 10.37% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $0.00 | ||
| YoY Change | |||
| Other Long-Term Liabilities | $0.00 | ||
| YoY Change | |||
| Total Long-Term Liabilities | $0.00 | ||
| YoY Change | |||
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $424.0K | $414.4K | $496.7K |
| Total Long-Term Liabilities | $0.00 | ||
| Total Liabilities | $424.0K | $414.4K | $496.7K |
| YoY Change | -5.69% | -16.56% | 10.37% |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | -$5.050M | -$5.185M | -$5.382M |
| YoY Change | -4.27% | -3.67% | |
| Common Stock | $9.637K | $9.787K | $10.12K |
| YoY Change | -4.79% | -3.31% | |
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | |||
| YoY Change | |||
| Treasury Stock Shares | |||
| Shareholders Equity | $3.266M | $3.301M | $3.331M |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $3.690M | $3.715M | $3.828M |
| YoY Change | -5.93% | -2.95% | 12.58% |
Cashflow Statement
| Concept | 2024 Q2 | 2024 Q1 | 2023 Q1 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | $134.5K | -$130.0K | -$1.276K |
| YoY Change | 25.62% | 10089.03% | -99.37% |
| Depreciation, Depletion And Amortization | $84.96K | $83.08K | $30.00K |
| YoY Change | 147.59% | 176.94% | 50.0% |
| Cash From Operating Activities | -$60.00K | ||
| YoY Change | -150.0% | ||
| INVESTING ACTIVITIES | |||
| Capital Expenditures | $210.0K | ||
| YoY Change | 133.33% | ||
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | |||
| YoY Change | |||
| Cash From Investing Activities | -$210.0K | ||
| YoY Change | 133.33% | ||
| 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 | ||
| YoY Change | -100.0% | ||
| NET CHANGE | |||
| Cash From Operating Activities | -60.00K | ||
| Cash From Investing Activities | -210.0K | ||
| Cash From Financing Activities | 0.000 | ||
| Net Change In Cash | -270.0K | ||
| YoY Change | 125.0% | ||
| FREE CASH FLOW | |||
| Cash From Operating Activities | -$60.00K | ||
| Capital Expenditures | $210.0K | ||
| Free Cash Flow | -$270.0K | ||
| YoY Change | -1000.0% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.01 | ||
| CY2023Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0 | |
| dsny |
Stock Retired During Period Value
StockRetiredDuringPeriodValue
|
usd | ||
| CY2023Q1 | dsny |
Stock Retired During Period Value
StockRetiredDuringPeriodValue
|
usd | |
| dsny |
Stock Retired During Period Value
StockRetiredDuringPeriodValue
|
usd | ||
| us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.01 | ||
| us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.01 | ||
| us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.03 |
