2015 Q4 Form 10-Q Financial Statement

#000089148215000013 Filed on November 12, 2015

View on sec.gov

Income Statement

Concept 2015 Q4 2015 Q3 2014 Q3
Revenue $30.51M $34.27M $32.92M
YoY Change 14.06% 4.1% -12.08%
Cost Of Revenue $16.82M $18.50M $16.85M
YoY Change 9.29% 9.79% -7.52%
Gross Profit $13.70M $15.76M $16.07M
YoY Change 20.6% -1.93% -16.39%
Gross Profit Margin 44.9% 45.99% 48.82%
Selling, General & Admin $11.28M $9.570M $10.94M
YoY Change 1.44% -12.5% -21.43%
% of Gross Profit 82.34% 60.72% 68.06%
Research & Development $0.00 $730.0K $70.00K
YoY Change 942.86% 250.0%
% of Gross Profit 0.0% 4.63% 0.44%
Depreciation & Amortization $1.670M $2.210M $2.400M
YoY Change -16.92% -7.92% -65.27%
% of Gross Profit 12.19% 14.02% 14.93%
Operating Expenses $12.94M $9.570M $10.94M
YoY Change -0.61% -12.5% -33.51%
Operating Profit $760.0K $3.261M $2.657M
YoY Change -145.78% 22.73% -4.08%
Interest Expense -$1.840M $1.829M $1.614M
YoY Change 20.26% 13.32% -189.17%
% of Operating Profit -242.11% 56.09% 60.75%
Other Income/Expense, Net -$1.829M -$3.375M
YoY Change -45.81%
Pretax Income -$1.090M $1.432M -$718.0K
YoY Change -82.73% -299.44% -76.54%
Income Tax $80.00K -$603.0K $48.00K
% Of Pretax Income -42.11%
Net Earnings -$1.170M $2.035M -$766.0K
YoY Change -88.87% -365.67% -64.37%
Net Earnings / Revenue -3.83% 5.94% -2.33%
Basic Earnings Per Share $0.11
Diluted Earnings Per Share -$61.68K $0.11 -$40.34K
COMMON SHARES
Basic Shares Outstanding 18.97M shares 18.97M shares
Diluted Shares Outstanding 18.97M shares

Balance Sheet

Concept 2015 Q4 2015 Q3 2014 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $14.60M $13.90M $16.00M
YoY Change -6.41% -13.13% -37.01%
Cash & Equivalents $14.57M $13.94M $16.04M
Short-Term Investments
Other Short-Term Assets $2.500M $5.000M $4.600M
YoY Change 8.7% -35.21%
Inventory $1.125M $2.500M $700.0K
Prepaid Expenses $2.800M $4.366M
Receivables $1.714M $1.487M $2.200M
Other Receivables $0.00 $2.300M $0.00
Total Short-Term Assets $23.28M $25.22M $23.60M
YoY Change 0.61% 6.87% -32.57%
LONG-TERM ASSETS
Property, Plant & Equipment $98.98M $100.1M $92.60M
YoY Change 4.15% 8.14% 13.06%
Goodwill $16.48M $16.48M
YoY Change 0.0%
Intangibles $2.127M
YoY Change
Long-Term Investments
YoY Change
Other Assets $19.20M $20.93M $6.600M
YoY Change -15.64% 217.12% 312.5%
Total Long-Term Assets $118.2M $121.1M $122.4M
YoY Change 0.32% -1.09% 0.49%
TOTAL ASSETS
Total Short-Term Assets $23.28M $25.22M $23.60M
Total Long-Term Assets $118.2M $121.1M $122.4M
Total Assets $141.5M $146.3M $146.0M
YoY Change 0.37% 0.2% -6.89%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.272M $4.273M $3.600M
YoY Change 4.14% 18.69% 71.43%
Accrued Expenses $4.756M $3.185M $7.900M
YoY Change -12.14% -59.68% 2.6%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $6.000M $6.000M $700.0K
YoY Change 348.77% 757.14% -81.33%
Total Short-Term Liabilities $18.45M $20.73M $12.30M
YoY Change 3.5% 68.53% -13.23%
LONG-TERM LIABILITIES
Long-Term Debt $60.64M $62.00M $65.90M
YoY Change 2.27% -5.92% 5.44%
Other Long-Term Liabilities $0.00
YoY Change
Total Long-Term Liabilities $60.64M $62.00M $65.90M
YoY Change 2.27% -5.92% 5.44%
TOTAL LIABILITIES
Total Short-Term Liabilities $18.45M $20.73M $12.30M
Total Long-Term Liabilities $60.64M $62.00M $65.90M
Total Liabilities $84.94M $88.65M $78.30M
YoY Change 1.79% 13.22% 2.11%
SHAREHOLDERS EQUITY
Retained Earnings $11.95M $13.12M
YoY Change -9.92%
Common Stock $46.22M $46.17M
YoY Change 0.75%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.654M $1.654M
YoY Change 0.0%
Treasury Stock Shares 1.357M shares 1.357M shares
Shareholders Equity $56.52M $57.64M $67.70M
YoY Change
Total Liabilities & Shareholders Equity $141.5M $146.3M $146.0M
YoY Change 0.37% 0.2% -6.89%

Cashflow Statement

Concept 2015 Q4 2015 Q3 2014 Q3
OPERATING ACTIVITIES
Net Income -$1.170M $2.035M -$766.0K
YoY Change -88.87% -365.67% -64.37%
Depreciation, Depletion And Amortization $1.670M $2.210M $2.400M
YoY Change -16.92% -7.92% -65.27%
Cash From Operating Activities $1.910M $4.740M $4.050M
YoY Change 83.65% 17.04% 3.85%
INVESTING ACTIVITIES
Capital Expenditures -$1.330M -$1.140M -$2.390M
YoY Change -60.3% -52.3% 156.99%
Acquisitions
YoY Change
Other Investing Activities $300.0K -$3.290M $1.830M
YoY Change -69.07% -279.78% -1116.67%
Cash From Investing Activities -$1.030M -$4.430M -$560.0K
YoY Change -56.54% 691.07% -50.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -240.0K -850.0K -430.0K
YoY Change -125.81% 97.67% 138.89%
NET CHANGE
Cash From Operating Activities 1.910M 4.740M 4.050M
Cash From Investing Activities -1.030M -4.430M -560.0K
Cash From Financing Activities -240.0K -850.0K -430.0K
Net Change In Cash 640.0K -540.0K 3.060M
YoY Change -260.0% -117.65% 17.69%
FREE CASH FLOW
Cash From Operating Activities $1.910M $4.740M $4.050M
Capital Expenditures -$1.330M -$1.140M -$2.390M
Free Cash Flow $3.240M $5.880M $6.440M
YoY Change -26.2% -8.7% 33.33%

Facts In Submission

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us-gaap Increase Decrease In Restricted Cash
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0 USD
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569000 USD
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100000 USD
us-gaap Interest Costs Capitalized
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200000 USD
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0 USD
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us-gaap Interest Expense
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4702000 USD
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500000 USD
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1337000 USD
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6000000 USD
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273000 USD
us-gaap Management Fees Revenue
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1066000 USD
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0 USD
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0 USD
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
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us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
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6471000 USD
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
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-6551000 USD
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
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-1829000 USD
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4292000 USD
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1743000 USD
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20930000 USD
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370000 USD
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OtherDirectCostsOfHotels
996000 USD
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372000 USD
us-gaap Other Direct Costs Of Hotels
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1023000 USD
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936000 USD
us-gaap Other General And Administrative Expense
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3091000 USD
CY2015Q3 us-gaap Other General And Administrative Expense
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844000 USD
us-gaap Other General And Administrative Expense
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2964000 USD
CY2014Q3 us-gaap Other Hotel Operating Revenue
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1314000 USD
us-gaap Other Hotel Operating Revenue
OtherHotelOperatingRevenue
3830000 USD
CY2015Q3 us-gaap Other Hotel Operating Revenue
OtherHotelOperatingRevenue
2020000 USD
us-gaap Other Hotel Operating Revenue
OtherHotelOperatingRevenue
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OtherNonoperatingIncomeExpense
-61000 USD
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OtherNonoperatingIncomeExpense
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CY2015Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
0 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
12000 USD
us-gaap Payments To Acquire Property Plant And Equipment
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6222000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
10021000 USD
CY2015Q3 us-gaap Pre Opening Costs
PreOpeningCosts
21000 USD
us-gaap Pre Opening Costs
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134000 USD
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250000 USD
us-gaap Share Based Compensation
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219000 USD
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ProceedsFromLongTermLinesOfCredit
0 USD
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ProceedsFromLongTermLinesOfCredit
8869000 USD
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-252000 USD
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2000000 USD
us-gaap Proceeds From Repayments Of Debt
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4672000 USD
us-gaap Promotional Allowances
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13700000 USD
CY2015Q3 us-gaap Promotional Allowances
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6430000 USD
us-gaap Promotional Allowances
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17077000 USD
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95040000 USD
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100134000 USD
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610000 USD
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573000 USD
CY2014Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
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0 USD
CY2015Q3 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
569000 USD
CY2014Q4 us-gaap Retained Earnings Accumulated Deficit
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13271000 USD
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13124000 USD
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32917000 USD
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34266000 USD
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94076000 USD
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37589000 USD
us-gaap Sales Revenue Services Gross
SalesRevenueServicesGross
108376000 USD
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SalesRevenueServicesGross
40696000 USD
us-gaap Sales Revenue Services Gross
SalesRevenueServicesGross
111153000 USD
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SalesRevenueServicesNet
32917000 USD
us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
94676000 USD
CY2015Q3 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
34266000 USD
us-gaap Sales Revenue Services Net
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94076000 USD
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32824000 USD
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9570000 USD
us-gaap Selling General And Administrative Expense
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30763000 USD
CY2014Q3 us-gaap Share Based Compensation
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59000 USD
CY2015Q3 us-gaap Share Based Compensation
ShareBasedCompensation
57000 USD
us-gaap Share Based Compensation
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285000 USD
us-gaap Stock Granted During Period Value Sharebased Compensation
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285000 USD
CY2014Q4 us-gaap Stockholders Equity
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CY2015Q3 us-gaap Stockholders Equity
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CY2014Q4 us-gaap Treasury Stock Shares
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1356595 shares
CY2015Q3 us-gaap Treasury Stock Shares
TreasuryStockShares
1356595 shares
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1654000 USD
CY2015Q3 us-gaap Treasury Stock Value
TreasuryStockValue
1654000 USD
CY2014Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
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18877000 shares
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
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18874000 shares
CY2015Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
18969000 shares
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
18927000 shares

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