2019 Q2 Form 10-Q Financial Statement
#000089710119000477 Filed on May 13, 2019
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% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2019Q1 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
1073000 | USD |
CY2019Q1 | us-gaap |
Marketable Securities
MarketableSecurities
|
7732000 | USD |
CY2019Q1 | us-gaap |
Assets Current
AssetsCurrent
|
11578000 | USD |
CY2018Q4 | us-gaap |
Assets Current
AssetsCurrent
|
11468000 | USD |
CY2018Q4 | us-gaap |
Inventory Net
InventoryNet
|
1618000 | USD |
CY2018Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.10 | |
CY2018Q4 | us-gaap |
Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
|
24000 | USD |
CY2018Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
339000 | USD |
CY2019Q1 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
10000000 | shares |
CY2018Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
32000 | USD |
CY2018Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
526000 | USD |
CY2019Q1 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
629000 | USD |
CY2019Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
10000 | USD |
CY2018Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
1057000 | USD |
CY2019Q1 | us-gaap |
Common Stock Value
CommonStockValue
|
339000 | USD |
CY2019Q1 | us-gaap |
Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
-12000 | USD |
CY2019Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
954000 | USD |
CY2018Q4 | us-gaap |
Income Taxes Receivable
IncomeTaxesReceivable
|
0 | USD |
CY2018Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
11000 | USD |
CY2018Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
CY2018Q4 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
116000 | USD |
CY2018Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
10335000 | USD |
CY2019Q1 | us-gaap |
Assets
Assets
|
13350000 | USD |
CY2019Q1 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
11000 | USD |
CY2018Q4 | us-gaap |
Liabilities Noncurrent
LiabilitiesNoncurrent
|
24000 | USD |
CY2019Q1 | us-gaap |
Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
|
23000 | USD |
CY2019Q1 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.10 | |
CY2018Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
3395521 | shares |
CY2018Q4 | us-gaap |
Marketable Securities
MarketableSecurities
|
7742000 | USD |
CY2018Q1 | us-gaap |
Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
|
800000 | USD |
CY2018Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
3395521 | shares |
CY2019Q1 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
2022000 | USD |
CY2018Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
10000000 | shares |
CY2019Q1 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
1075000 | USD |
CY2019Q1 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
CY2018Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
601000 | USD |
CY2019Q1 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
179000 | USD |
CY2018Q1 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements
|
150000 | USD |
CY2019Q1 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
332500 | shares |
CY2018Q1 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
307500 | shares |
CY2019Q1 | us-gaap |
Inventory Net
InventoryNet
|
1638000 | USD |
CY2019Q1 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
417000 | USD |
CY2018Q1 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
|
0 | USD |
CY2019Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-86000 | USD |
CY2019Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-31000 | USD |
CY2019Q1 | us-gaap |
Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
|
5000 | USD |
CY2019Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-9000 | USD |
CY2019Q1 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
167000 | USD |
CY2019Q1 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
207000 | USD |
CY2018Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
1050000 | USD |
CY2019Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
-40000 | USD |
CY2018Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
3395521 | shares |
CY2018Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.06 | |
CY2018Q4 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
565000 | USD |
CY2018Q4 | us-gaap |
Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
|
5000 | USD |
CY2018Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.06 | |
CY2019Q1 | us-gaap |
Income Taxes Receivable
IncomeTaxesReceivable
|
12000 | USD |
CY2018Q1 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
|
0 | USD |
CY2019Q1 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
|
23000 | USD |
CY2018Q1 | us-gaap |
Gross Profit
GrossProfit
|
916000 | USD |
CY2018Q1 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-203000 | USD |
CY2018Q1 | us-gaap |
Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
|
-1000 | USD |
CY2018Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
13275000 | USD |
CY2018Q4 | us-gaap |
Assets
Assets
|
13275000 | USD |
CY2018Q1 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
532000 | USD |
CY2018Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-202000 | USD |
CY2019Q1 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
10304000 | USD |
CY2019Q1 | us-gaap |
Liabilities Noncurrent
LiabilitiesNoncurrent
|
23000 | USD |
CY2018Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
-256000 | USD |
CY2018Q1 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
25000 | USD |
CY2018Q4 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
405000 | USD |
CY2018Q4 | us-gaap |
Deferred Tax Assets Liabilities Net Noncurrent
DeferredTaxAssetsLiabilitiesNetNoncurrent
|
192000 | USD |
CY2018Q4 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
896000 | USD |
CY2018Q1 | us-gaap |
Other Nonoperating Income
OtherNonoperatingIncome
|
2000 | USD |
CY2018Q1 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
23000 | USD |
CY2018Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-281000 | USD |
CY2019Q1 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
13350000 | USD |
CY2018Q4 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
2019000 | USD |
CY2019Q1 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
3395521 | shares |
CY2019Q1 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
3395521 | shares |
CY2019Q1 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
510000 | USD |
CY2019Q1 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
33000 | USD |
CY2018Q1 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
-1000 | USD |
CY2018Q1 | us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
435000 | USD |
CY2019Q1 | us-gaap |
Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
|
3945000 | USD |
CY2018Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
23000 | USD |
CY2018Q1 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
230000 | USD |
CY2018Q1 | us-gaap |
Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
|
1716000 | USD |
CY2019Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
3395521 | shares |
CY2018Q4 | us-gaap |
Available For Sale Securities
AvailableForSaleSecurities
|
7742000 | USD |
CY2019Q1 | us-gaap |
Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
|
42000 | USD |
CY2018Q1 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-50000 | USD |
CY2019Q1 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
20000 | USD |
CY2019Q1 | us-gaap |
Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
|
0 | USD |
CY2019Q1 | us-gaap |
Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
|
0 | USD |
CY2019Q1 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
-103000 | USD |
CY2019Q1 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
0 | USD |
CY2019Q1 | us-gaap |
Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
|
12000 | USD |
CY2019Q1 | us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
12000 | USD |
CY2018Q1 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
79000 | USD |
CY2018Q1 | us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
20000 | USD |
CY2018Q1 | us-gaap |
Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
|
3973000 | USD |
CY2019Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-1000 | USD |
CY2018Q1 | us-gaap |
Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
|
4000 | USD |
CY2019Q1 | us-gaap |
Nature Of Operations
NatureOfOperations
|
<div> <p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Nature of Business </font></p> <p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;"> </font></p> <p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Electro-Sensors, Inc. manufactures and markets a complete line of monitoring and control systems for a variety of industrial machinery. The Company uses leading-edge technology to continuously improve its products and expand the number of applications they can be used in, with the goal of manufacturing the industry-preferred product for every market served. The Company sells these products through an internal sales staff, manufacturers’ representatives, and distributors to a wide variety of industries that use the products in a variety of applications to monitor process machinery operations. The Company markets its products to customers located throughout the United States, Canada, Latin America, Europe, and Asia.</font></p> </div> | |
CY2018Q1 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
27000 | USD |
CY2018Q1 | us-gaap |
Stock Option Plan Expense
StockOptionPlanExpense
|
4000 | USD |
CY2018Q1 | us-gaap |
Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
-73000 | USD |
CY2019Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-112000 | USD |
CY2018Q4 | us-gaap |
Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
|
0 | USD |
CY2018Q1 | us-gaap |
Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
|
4000000 | USD |
CY2018Q1 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
0 | USD |
CY2018Q1 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
19000 | USD |
CY2018Q1 | us-gaap |
Finance Lease Principal Payments
FinanceLeasePrincipalPayments
|
0 | USD |
CY2019Q1 | us-gaap |
Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
|
44000 | USD |
CY2019Q1 | us-gaap |
Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
|
4000000 | USD |
CY2018Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
4000 | USD |
CY2019Q1 | us-gaap |
Available For Sale Securities
AvailableForSaleSecurities
|
7732000 | USD |
CY2018Q1 | us-gaap |
Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
|
150000 | USD |
CY2018Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-150000 | USD |
CY2019Q1 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
77000 | USD |
CY2019Q1 | us-gaap |
Available For Sale Securities Amortized Cost
AvailableForSaleSecuritiesAmortizedCost
|
7690000 | USD |
CY2019Q1 | us-gaap |
Stock Option Plan Expense
StockOptionPlanExpense
|
3000 | USD |
CY2019Q1 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
3000 | USD |
CY2018Q4 | us-gaap |
Available For Sale Securities Amortized Cost
AvailableForSaleSecuritiesAmortizedCost
|
7701000 | USD |
CY2018Q1 | us-gaap |
Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
|
22000 | USD |
CY2019Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
45000 | USD |
CY2018Q4 | us-gaap |
Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
|
41000 | USD |
CY2018Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-235000 | USD |
CY2019Q1 | dei |
Entity Registrant Name
EntityRegistrantName
|
ELECTRO SENSORS INC | |
CY2019Q1 | dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2019 | |
CY2019Q1 | dei |
Amendment Flag
AmendmentFlag
|
false | |
CY2019Q1 | dei |
Entity Central Index Key
EntityCentralIndexKey
|
0000351789 | |
CY2019Q1 | dei |
Document Period End Date
DocumentPeriodEndDate
|
2019-03-31 | |
CY2019Q1 | dei |
Entity Small Business
EntitySmallBusiness
|
true | |
CY2019Q1 | dei |
Entity Filer Category
EntityFilerCategory
|
Non-accelerated Filer | |
CY2019Q1 | dei |
Entity Current Reporting Status
EntityCurrentReportingStatus
|
Yes | |
CY2019Q1 | dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q1 | |
CY2019Q1 | dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | |
CY2019Q2 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
3395521 | shares |
CY2019Q1 | dei |
Entity Emerging Growth Company
EntityEmergingGrowthCompany
|
false | |
CY2017Q4 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
|
150000 | USD |
CY2019Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
3395521 | shares |
CY2019Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.01 | |
CY2019Q1 | us-gaap |
Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
|
1000 | USD |
CY2019Q1 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
1000 | USD |
CY2019Q1 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
46000 | USD |
CY2019Q1 | us-gaap |
Other Nonoperating Income
OtherNonoperatingIncome
|
2000 | USD |
CY2019Q1 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
44000 | USD |
CY2019Q1 | us-gaap |
Operating Expenses
OperatingExpenses
|
1153000 | USD |
CY2019Q1 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
196000 | USD |
CY2019Q1 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
472000 | USD |
CY2019Q1 | us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
485000 | USD |
CY2019Q1 | us-gaap |
Gross Profit
GrossProfit
|
1067000 | USD |
CY2019Q1 | us-gaap |
Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
|
941000 | USD |
CY2019Q1 | us-gaap |
Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
|
2008000 | USD |
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;"> </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 |