2019 Q2 Form 10-Q Financial Statement

#000089710119000477 Filed on May 13, 2019

View on sec.gov

Income Statement

Concept 2019 Q2 2019 Q1 2018 Q1
Revenue $2.260M $2.008M $1.716M
YoY Change 26.97% 17.02% 2.75%
Cost Of Revenue $1.025M $941.0K $800.0K
YoY Change 26.86% 17.63% 3.76%
Gross Profit $1.235M $1.067M $916.0K
YoY Change 27.06% 16.48% 1.89%
Gross Profit Margin 54.65% 53.14% 53.38%
Selling, General & Admin $934.0K $957.0K $967.0K
YoY Change 13.21% -1.03% 17.78%
% of Gross Profit 75.63% 89.69% 105.57%
Research & Development $213.0K $196.0K $230.0K
YoY Change -4.05% -14.78% 4.07%
% of Gross Profit 17.25% 18.37% 25.11%
Depreciation & Amortization $70.00K $77.00K $79.00K
YoY Change -12.5% -2.53% 1.28%
% of Gross Profit 5.67% 7.22% 8.62%
Operating Expenses $1.147M $1.153M $1.197M
YoY Change 9.55% -3.68% 14.88%
Operating Profit $88.00K -$86.00K -$281.0K
YoY Change -217.33% -69.4% 96.5%
Interest Expense $40.00K $40.00K $20.00K
YoY Change 100.0% 100.0% 100.0%
% of Operating Profit 45.45%
Other Income/Expense, Net $43.00K $46.00K $25.00K
YoY Change 59.26% 84.0% 127.27%
Pretax Income $131.0K -$40.00K -$256.0K
YoY Change -372.92% -84.38% 93.94%
Income Tax $28.00K -$9.000K -$54.00K
% Of Pretax Income 21.37%
Net Earnings $103.0K -$31.00K -$202.0K
YoY Change -339.53% -84.65% 152.5%
Net Earnings / Revenue 4.56% -1.54% -11.77%
Basic Earnings Per Share $0.03 -$0.01 -$0.06
Diluted Earnings Per Share $0.03 -$0.01 -$0.06
COMMON SHARES
Basic Shares Outstanding 3.396M shares 3.396M shares 3.396M shares
Diluted Shares Outstanding 3.396M shares 3.396M shares 3.396M shares

Balance Sheet

Concept 2019 Q2 2019 Q1 2018 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $8.777M $8.686M $8.351M
YoY Change 3.08% 4.01% 3.23%
Cash & Equivalents $1.025M $954.0K $601.0K
Short-Term Investments $7.752M $7.732M $7.750M
Other Short-Term Assets $155.0K $167.0K $171.0K
YoY Change 24.0% -2.34% -5.0%
Inventory $1.712M $1.638M $1.580M
Prepaid Expenses
Receivables $1.295M $1.075M $860.0K
Other Receivables $0.00 $10.00K $110.0K
Total Short-Term Assets $11.94M $11.58M $11.07M
YoY Change 6.91% 4.55% 3.21%
LONG-TERM ASSETS
Property, Plant & Equipment $1.065M $1.073M $1.058M
YoY Change 0.38% 1.42% 2.72%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $200.0K $190.0K $160.0K
YoY Change 11.11% 18.75% -30.43%
Total Long-Term Assets $1.725M $1.772M $1.962M
YoY Change -10.39% -9.68% -12.02%
TOTAL ASSETS
Total Short-Term Assets $11.94M $11.58M $11.07M
Total Long-Term Assets $1.725M $1.772M $1.962M
Total Assets $13.66M $13.35M $13.04M
YoY Change 4.37% 2.41% 0.59%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $241.0K $207.0K $130.0K
YoY Change 57.52% 59.23% -7.14%
Accrued Expenses $555.0K $417.0K $400.0K
YoY Change 19.61% 4.25% 8.11%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $10.00K $10.00K
YoY Change
Total Short-Term Liabilities $833.0K $629.0K $528.0K
YoY Change 35.01% 19.13% -25.63%
LONG-TERM LIABILITIES
Long-Term Debt $20.00K $20.00K $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $21.00K $23.00K $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $833.0K $629.0K $528.0K
Total Long-Term Liabilities $21.00K $23.00K $0.00
Total Liabilities $854.0K $652.0K $530.0K
YoY Change 37.74% 23.02% -25.35%
SHAREHOLDERS EQUITY
Retained Earnings $10.41M $10.30M $10.14M
YoY Change 3.04% 1.59%
Common Stock $2.363M $2.361M $2.347M
YoY Change 0.6% 0.6%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $12.81M $12.70M $12.51M
YoY Change
Total Liabilities & Shareholders Equity $13.66M $13.35M $13.04M
YoY Change 4.37% 2.41% 0.59%

Cashflow Statement

Concept 2019 Q2 2019 Q1 2018 Q1
OPERATING ACTIVITIES
Net Income $103.0K -$31.00K -$202.0K
YoY Change -339.53% -84.65% 152.5%
Depreciation, Depletion And Amortization $70.00K $77.00K $79.00K
YoY Change -12.5% -2.53% 1.28%
Cash From Operating Activities $60.00K -$112.0K -$235.0K
YoY Change -62.5% -52.34% 38.24%
INVESTING ACTIVITIES
Capital Expenditures -$10.00K $45.00K $4.000K
YoY Change -66.67% 1025.0% -66.67%
Acquisitions
YoY Change
Other Investing Activities $20.00K $60.00K $30.00K
YoY Change 0.0% 100.0% 200.0%
Cash From Investing Activities $10.00K $10.00K $23.00K
YoY Change 0.0% -56.52%
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 -$1.000K -$150.0K
YoY Change -99.33%
NET CHANGE
Cash From Operating Activities 60.00K -$112.0K -$235.0K
Cash From Investing Activities 10.00K $10.00K $23.00K
Cash From Financing Activities 0.000 -$1.000K -$150.0K
Net Change In Cash 70.00K -$103.0K -$362.0K
YoY Change -58.82% -71.55% 112.94%
FREE CASH FLOW
Cash From Operating Activities $60.00K -$112.0K -$235.0K
Capital Expenditures -$10.00K $45.00K $4.000K
Free Cash Flow $70.00K -$157.0K -$239.0K
YoY Change -63.16% -34.31% 31.32%

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CY2019Q1 us-gaap Use Of Estimates
UseOfEstimates
<div> <p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Use of Estimates</font></p> <p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p> <p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates. Significant estimates, including the underlying assumptions, consist of economic lives of long-lived assets, realizability of trade receivables, valuation of deferred tax assets/liabilities, inventory, investments, contingent earn-out, and stock compensation expense. It is at least reasonably possible that these estimates may change in the near term.</font></p> </div>
CY2019Q1 dei Trading Symbol
TradingSymbol
ELSE
CY2019Q1 dei Document Type
DocumentType
10-Q
CY2018Q1 us-gaap Stockholders Equity
StockholdersEquity
12508000 USD
CY2019Q1 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
3000 USD
CY2018Q1 us-gaap New Accounting Pronouncement Or Change In Accounting Principle Effect Of Adoption Quantification
NewAccountingPronouncementOrChangeInAccountingPrincipleEffectOfAdoptionQuantification
0 USD
CY2018Q4 us-gaap Other Assets Current
OtherAssetsCurrent
155000 USD
CY2019Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P3Y

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0000897101-19-000477-index-headers.html Edgar Link pending
0000897101-19-000477-index.html Edgar Link pending
0000897101-19-000477.txt Edgar Link pending
0000897101-19-000477-xbrl.zip Edgar Link pending
else-20190331.xml Edgar Link completed
else-20190331.xsd Edgar Link pending
else-20190331_cal.xml Edgar Link unprocessable
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