2013 Q2 Form 10-Q Financial Statement

#000119312513216285 Filed on May 13, 2013

View on sec.gov

Income Statement

Concept 2013 Q2 2013 Q1 2012 Q1
Revenue $4.554M $4.576M $4.721M
YoY Change -2.61% -3.07% -7.41%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $180.0K $180.0K $210.0K
YoY Change -5.26% -14.29% 0.0%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit $1.771M $1.708M $1.285M
YoY Change 20.8% 32.92% 5.5%
Interest Expense $440.0K $458.0K $703.0K
YoY Change -32.31% -34.85% -33.17%
% of Operating Profit 24.84% 26.81% 54.71%
Other Income/Expense, Net
YoY Change
Pretax Income $1.770M $1.710M $1.290M
YoY Change 20.41% 32.56% 5.74%
Income Tax $557.0K $511.0K $363.0K
% Of Pretax Income 31.47% 29.88% 28.14%
Net Earnings $1.210M $1.194M $919.0K
YoY Change 16.91% 29.92% 2.57%
Net Earnings / Revenue 26.57% 26.09% 19.47%
Basic Earnings Per Share $0.43 $0.43 $0.33
Diluted Earnings Per Share $0.43 $0.43 $0.33
COMMON SHARES
Basic Shares Outstanding 2.785M shares 2.785M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2013 Q2 2013 Q1 2012 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $10.59M $10.70M $10.62M
YoY Change -0.17% 0.77% -2.59%
Goodwill $5.386M $5.386M $5.386M
YoY Change 0.0% 0.0%
Intangibles $17.00K
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $460.6M $455.6M $441.4M
YoY Change 1.5% 3.23% -1.74%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $200.0K $300.0K $400.0K
YoY Change -33.33% -25.0% -20.0%
Accrued Expenses $1.800M $2.500M $1.400M
YoY Change 20.0% 78.57% -6.67%
Deferred Revenue
YoY Change
Short-Term Debt $11.40M $10.60M $9.100M
YoY Change 22.58% 16.48% 4.6%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $2.000M $2.800M $1.800M
YoY Change 11.11% 55.56% -10.0%
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 $2.000M $2.800M $1.800M
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $408.1M $402.3M $390.3M
YoY Change 1.56% 3.1% -2.68%
SHAREHOLDERS EQUITY
Retained Earnings $35.39M $34.74M $32.69M
YoY Change 6.63% 6.28%
Common Stock $32.00K $32.00K $32.00K
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $7.326M $7.326M $7.312M
YoY Change 0.0% 0.19%
Treasury Stock Shares 379.4K shares 379.4K shares 378.7K shares
Shareholders Equity $52.40M $53.15M $50.99M
YoY Change
Total Liabilities & Shareholders Equity $460.6M $455.6M $441.4M
YoY Change 1.5% 3.23% -1.74%

Cashflow Statement

Concept 2013 Q2 2013 Q1 2012 Q1
OPERATING ACTIVITIES
Net Income $1.210M $1.194M $919.0K
YoY Change 16.91% 29.92% 2.57%
Depreciation, Depletion And Amortization $180.0K $180.0K $210.0K
YoY Change -5.26% -14.29% 0.0%
Cash From Operating Activities $5.960M $533.0K $3.463M
YoY Change 305.44% -84.61% -37.65%
INVESTING ACTIVITIES
Capital Expenditures -$70.00K $119.0K $90.00K
YoY Change -58.82% 32.22% 32.35%
Acquisitions
YoY Change
Other Investing Activities -$6.350M $9.150M $5.790M
YoY Change -66.17% 58.03% 14.88%
Cash From Investing Activities -$6.420M $9.786M $5.695M
YoY Change -66.09% 71.83% 14.63%
FINANCING ACTIVITIES
Cash Dividend Paid $557.0K $530.0K
YoY Change 5.09% 0.19%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 5.880M -4.492M 2.085M
YoY Change -46.35% -315.44% -151.23%
NET CHANGE
Cash From Operating Activities 5.960M 533.0K 3.463M
Cash From Investing Activities -6.420M 9.786M 5.695M
Cash From Financing Activities 5.880M -4.492M 2.085M
Net Change In Cash 5.420M 5.827M 11.24M
YoY Change -183.38% -48.17% 74.26%
FREE CASH FLOW
Cash From Operating Activities $5.960M $533.0K $3.463M
Capital Expenditures -$70.00K $119.0K $90.00K
Free Cash Flow $6.030M $414.0K $3.373M
YoY Change 267.68% -87.73% -38.52%

Facts In Submission

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CY2012Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
530000
CY2012Q1 us-gaap Impaired Financing Receivable With Related Allowance Interest Income Accrual Method
ImpairedFinancingReceivableWithRelatedAllowanceInterestIncomeAccrualMethod
0
CY2012Q1 us-gaap Interest Expense
InterestExpense
703000
CY2012Q1 fcap Interest Income Federal Funds Sold Repurchase Agreements And Interest Earning Cash Accounts
InterestIncomeFederalFundsSoldRepurchaseAgreementsAndInterestEarningCashAccounts
8000

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