2016 Q2 Form 10-Q Financial Statement

#000117494716002670 Filed on May 12, 2016

View on sec.gov

Income Statement

Concept 2016 Q2 2016 Q1 2015 Q2
Revenue $8.390M $12.76M $7.760M
YoY Change 8.12% 82.55% -13.39%
Cost Of Revenue $6.350M $9.919M $5.860M
YoY Change 8.36% 94.0% -15.93%
Gross Profit $2.050M $2.840M $1.900M
YoY Change 7.89% 51.38% -4.04%
Gross Profit Margin 24.43% 22.26% 24.48%
Selling, General & Admin $1.360M $1.600M $1.430M
YoY Change -4.9% 35.01% 6.72%
% of Gross Profit 66.34% 56.32% 75.26%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $10.00K $20.00K $20.00K
YoY Change -50.0% 100.0% 0.0%
% of Gross Profit 0.49% 0.7% 1.05%
Operating Expenses $1.350M $11.52M $1.430M
YoY Change -5.59% 82.9% 6.72%
Operating Profit $700.0K $1.241M $470.0K
YoY Change 48.94% 79.4% -26.56%
Interest Expense $0.00 $0.00 $0.00
YoY Change
% of Operating Profit 0.0% 0.0% 0.0%
Other Income/Expense, Net
YoY Change
Pretax Income $690.0K $1.241M $470.0K
YoY Change 46.81% 79.16% -27.69%
Income Tax $260.0K $467.6K $180.0K
% Of Pretax Income 37.68% 37.67% 38.3%
Net Earnings $430.0K $773.8K $290.0K
YoY Change 48.28% 79.13% -27.5%
Net Earnings / Revenue 5.13% 6.06% 3.74%
Basic Earnings Per Share
Diluted Earnings Per Share $61.17K $109.5K $41.25K
COMMON SHARES
Basic Shares Outstanding 7.034M shares 7.034M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2016 Q2 2016 Q1 2015 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.900M $3.000M $3.900M
YoY Change 0.0% -26.83% -57.61%
Cash & Equivalents $3.900M $2.955M $3.909M
Short-Term Investments
Other Short-Term Assets $1.500M $1.300M $72.14K
YoY Change 1979.17% 1335.62% -82.58%
Inventory $2.600M $2.629M $2.809M
Prepaid Expenses
Receivables $1.800M $3.500M $1.900M
Other Receivables $0.00 $0.00 $200.0K
Total Short-Term Assets $9.900M $10.40M $9.037M
YoY Change 9.55% 16.39% -33.43%
LONG-TERM ASSETS
Property, Plant & Equipment $100.0K $100.0K $188.2K
YoY Change -46.88% -50.27% 3.64%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $100.0K $0.00 $0.00
YoY Change
Total Long-Term Assets $300.0K $200.0K $245.9K
YoY Change 21.99% -24.1% 0.99%
TOTAL ASSETS
Total Short-Term Assets $9.900M $10.40M $9.037M
Total Long-Term Assets $300.0K $200.0K $245.9K
Total Assets $10.20M $10.60M $9.283M
YoY Change 9.88% 15.23% -32.82%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.900M $3.800M $1.400M
YoY Change 107.14% 153.33% -70.83%
Accrued Expenses $1.000M $700.0K $600.0K
YoY Change 66.67% 40.0% -33.33%
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 $5.100M $5.900M $4.527M
YoY Change 12.65% 24.6% -51.46%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $5.100M $5.900M $4.527M
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $5.100M $5.900M $4.527M
YoY Change 12.65% 24.6% -51.46%
SHAREHOLDERS EQUITY
Retained Earnings $2.391M $2.488M
YoY Change 8.86% 11.93%
Common Stock $2.272M $2.272M
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $3.938K $3.938K
YoY Change 0.0% 0.0%
Treasury Stock Shares 31.77K shares 31.77K shares
Shareholders Equity $5.100M $4.659M $4.756M
YoY Change
Total Liabilities & Shareholders Equity $10.20M $10.57M $9.283M
YoY Change 9.88% 14.85% -32.82%

Cashflow Statement

Concept 2016 Q2 2016 Q1 2015 Q2
OPERATING ACTIVITIES
Net Income $430.0K $773.8K $290.0K
YoY Change 48.28% 79.13% -27.5%
Depreciation, Depletion And Amortization $10.00K $20.00K $20.00K
YoY Change -50.0% 100.0% 0.0%
Cash From Operating Activities $990.0K -$1.650M -$160.0K
YoY Change -718.75% 25.95% -103.69%
INVESTING ACTIVITIES
Capital Expenditures $0.00 $0.00 $0.00
YoY Change -100.0% -100.0%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities $0.00 $0.00 $0.00
YoY Change -100.0% -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 0.000
YoY Change
NET CHANGE
Cash From Operating Activities 990.0K -1.650M -160.0K
Cash From Investing Activities 0.000 0.000 0.000
Cash From Financing Activities 0.000 0.000 0.000
Net Change In Cash 990.0K -1.650M -160.0K
YoY Change -718.75% 25.0% -103.73%
FREE CASH FLOW
Cash From Operating Activities $990.0K -$1.650M -$160.0K
Capital Expenditures $0.00 $0.00 $0.00
Free Cash Flow $990.0K -$1.650M -$160.0K
YoY Change -718.75% 26.92% -103.64%

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