2016 Q2 Form 10-Q Financial Statement
#000117494716002670 Filed on May 12, 2016
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% |
Facts In Submission
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Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
|
58021 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-1563 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-58021 | USD | |
us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
-1406746 | USD | |
us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
-1406746 | USD | |
us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
7907 | USD | |
dei |
Document Period End Date
DocumentPeriodEndDate
|
2016-03-31 | ||
CY2016Q1 | us-gaap |
Loans And Leases Receivable Deferred Income
LoansAndLeasesReceivableDeferredIncome
|
723 | USD |
CY2016Q1 | us-gaap |
Capital Leases Future Minimum Payments Receivable
CapitalLeasesFutureMinimumPaymentsReceivable
|
10810 | USD |
us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.34 | pure | |
CY2015Q2 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
125928 | USD |
dei |
Document Type
DocumentType
|
10-Q | ||
dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--06-30 | ||
dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q3 | ||
CY2016Q1 | us-gaap |
Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
|
2250000 | USD |
CY2016Q1 | us-gaap |
Line Of Credit
LineOfCredit
|
USD | |
us-gaap |
Line Of Credit Facility Expiration Date1
LineOfCreditFacilityExpirationDate1
|
2016-11-01 | ||
CY2016Q1 | us-gaap |
Taxes Payable Current
TaxesPayableCurrent
|
258074 | USD |
CY2015Q2 | us-gaap |
Taxes Payable Current
TaxesPayableCurrent
|
USD | |
CY2016Q1 | us-gaap |
Deposits Assets Current
DepositsAssetsCurrent
|
1077000 | USD |
CY2015Q2 | us-gaap |
Deposits Assets Current
DepositsAssetsCurrent
|
USD | |
us-gaap |
Increase Decrease In Deposits Outstanding
IncreaseDecreaseInDepositsOutstanding
|
1077000 | USD | |
us-gaap |
Increase Decrease In Deposits Outstanding
IncreaseDecreaseInDepositsOutstanding
|
-311258 | USD | |
us-gaap |
Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
258074 | USD | |
us-gaap |
Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
USD | ||
CY2015Q2 | us-gaap |
Line Of Credit
LineOfCredit
|
USD |