2016 Q2 Form 10-Q Financial Statement

#000089148216000056 Filed on August 15, 2016

View on sec.gov

Income Statement

Concept 2016 Q2 2015 Q2
Revenue $34.56M $30.73M
YoY Change 12.47% -1.87%
Cost Of Revenue $19.11M $17.11M
YoY Change 11.69% -5.16%
Gross Profit $15.74M $13.62M
YoY Change 15.57% 2.64%
Gross Profit Margin 45.55% 44.33%
Selling, General & Admin $12.44M $10.42M
YoY Change 19.44% -3.1%
% of Gross Profit 79.06% 76.5%
Research & Development $490.0K $120.0K
YoY Change 308.33% -57.14%
% of Gross Profit 3.11% 0.88%
Depreciation & Amortization $1.900M $2.030M
YoY Change -6.4% -12.5%
% of Gross Profit 12.07% 14.9%
Operating Expenses $12.44M $10.42M
YoY Change 19.44% -3.1%
Operating Profit $852.0K $1.047M
YoY Change -18.62% -109.01%
Interest Expense $2.230M $1.523M
YoY Change 46.42% -3.06%
% of Operating Profit 261.74% 145.46%
Other Income/Expense, Net -$3.072M -$1.523M
YoY Change 101.71% -3.42%
Pretax Income -$2.220M -$476.0K
YoY Change 366.39% -96.39%
Income Tax $180.0K -$49.00K
% Of Pretax Income
Net Earnings -$2.400M -$427.0K
YoY Change 462.06% -94.97%
Net Earnings / Revenue -6.94% -1.39%
Basic Earnings Per Share
Diluted Earnings Per Share -$126.3K -$22.72K
COMMON SHARES
Basic Shares Outstanding 18.97M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2016 Q2 2015 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $20.60M $14.50M
YoY Change 42.07% 11.54%
Cash & Equivalents $20.64M $14.48M
Short-Term Investments
Other Short-Term Assets $4.400M $726.0K
YoY Change 506.06% -87.69%
Inventory $1.336M $700.0K
Prepaid Expenses $4.396M $4.479M
Receivables $1.717M $1.602M
Other Receivables $0.00 $500.0K
Total Short-Term Assets $28.09M $21.79M
YoY Change 28.92% 2.29%
LONG-TERM ASSETS
Property, Plant & Equipment $111.9M $100.5M
YoY Change 11.36% 9.33%
Goodwill $21.13M $16.48M
YoY Change 28.21%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $33.43M $21.58M
YoY Change 54.91% 156.94%
Total Long-Term Assets $145.3M $122.1M
YoY Change 19.06% -1.64%
TOTAL ASSETS
Total Short-Term Assets $28.09M $21.79M
Total Long-Term Assets $145.3M $122.1M
Total Assets $173.4M $143.8M
YoY Change 20.55% -1.07%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.547M $3.898M
YoY Change 16.65% 25.74%
Accrued Expenses $9.327M $2.891M
YoY Change 222.62% -58.7%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $2.250M $4.414M
YoY Change -49.03% 530.57%
Total Short-Term Liabilities $17.51M $18.21M
YoY Change -3.88% 68.63%
LONG-TERM LIABILITIES
Long-Term Debt $94.92M $63.94M
YoY Change 48.45% -3.26%
Other Long-Term Liabilities $800.0K
YoY Change
Total Long-Term Liabilities $94.92M $63.94M
YoY Change 48.45% -3.26%
TOTAL LIABILITIES
Total Short-Term Liabilities $17.51M $18.21M
Total Long-Term Liabilities $94.92M $63.94M
Total Liabilities $119.4M $88.30M
YoY Change 35.22% 14.68%
SHAREHOLDERS EQUITY
Retained Earnings $9.223M $11.09M
YoY Change -16.83%
Common Stock $46.44M $46.11M
YoY Change 0.73%
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 $54.01M $55.54M
YoY Change
Total Liabilities & Shareholders Equity $173.4M $143.8M
YoY Change 20.55% -1.07%

Cashflow Statement

Concept 2016 Q2 2015 Q2
OPERATING ACTIVITIES
Net Income -$2.400M -$427.0K
YoY Change 462.06% -94.97%
Depreciation, Depletion And Amortization $1.900M $2.030M
YoY Change -6.4% -12.5%
Cash From Operating Activities $10.00K -$730.0K
YoY Change -101.37% -210.61%
INVESTING ACTIVITIES
Capital Expenditures -$640.0K -$3.980M
YoY Change -83.92% 119.89%
Acquisitions
YoY Change
Other Investing Activities -$25.40M -$230.0K
YoY Change 10943.48% 21.05%
Cash From Investing Activities -$26.04M -$4.210M
YoY Change 518.53% 110.5%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 33.54M 5.070M
YoY Change 561.54% -2768.42%
NET CHANGE
Cash From Operating Activities 10.00K -730.0K
Cash From Investing Activities -26.04M -4.210M
Cash From Financing Activities 33.54M 5.070M
Net Change In Cash 7.510M 130.0K
YoY Change 5676.92% -108.5%
FREE CASH FLOW
Cash From Operating Activities $10.00K -$730.0K
Capital Expenditures -$640.0K -$3.980M
Free Cash Flow $650.0K $3.250M
YoY Change -80.0% 31.58%

Facts In Submission

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us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
0 USD
us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
-569000 USD
CY2015Q2 us-gaap Interest Expense
InterestExpense
1523000 USD
us-gaap Interest Expense
InterestExpense
3047000 USD
CY2016Q2 us-gaap Interest Expense
InterestExpense
2230000 USD
us-gaap Interest Expense
InterestExpense
3992000 USD
us-gaap Interest Paid Net
InterestPaidNet
2081000 USD
us-gaap Interest Paid Net
InterestPaidNet
3296000 USD
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1125000 USD
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1336000 USD
CY2015Q4 us-gaap Liabilities
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84944000 USD
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119399000 USD
CY2015Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
141467000 USD
CY2016Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
173411000 USD
CY2015Q4 us-gaap Liabilities Current
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18447000 USD
CY2016Q2 us-gaap Liabilities Current
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17506000 USD
CY2015Q4 us-gaap Long Term Debt
LongTermDebt
66642000 USD
CY2016Q2 us-gaap Long Term Debt
LongTermDebt
97171000 USD
CY2015Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
6000000 USD
CY2016Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
2250000 USD
CY2015Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
60642000 USD
CY2016Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
94921000 USD
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
7320000 USD
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
30289000 USD
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-9339000 USD
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-26097000 USD
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
860000 USD
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
1873000 USD
CY2015Q2 us-gaap Net Income Loss
NetIncomeLoss
-427000 USD
us-gaap Net Income Loss
NetIncomeLoss
-2182000 USD
CY2016Q2 us-gaap Net Income Loss
NetIncomeLoss
-2400000 USD
us-gaap Net Income Loss
NetIncomeLoss
-2731000 USD
CY2015Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-1523000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-3035000 USD
CY2016Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-3072000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-4834000 USD
CY2015Q2 us-gaap Occupancy Costs
OccupancyCosts
238000 USD
us-gaap Occupancy Costs
OccupancyCosts
430000 USD
CY2016Q2 us-gaap Occupancy Costs
OccupancyCosts
268000 USD
us-gaap Occupancy Costs
OccupancyCosts
471000 USD
CY2015Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
1047000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
1032000 USD
CY2016Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
852000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
2383000 USD
CY2015Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
19203000 USD
CY2016Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
33434000 USD
CY2015Q2 us-gaap Other Direct Costs Of Hotels
OtherDirectCostsOfHotels
382000 USD
us-gaap Other Direct Costs Of Hotels
OtherDirectCostsOfHotels
650000 USD
CY2016Q2 us-gaap Other Direct Costs Of Hotels
OtherDirectCostsOfHotels
459000 USD
us-gaap Other Direct Costs Of Hotels
OtherDirectCostsOfHotels
762000 USD
CY2015Q2 us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
995000 USD
us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
2121000 USD
CY2016Q2 us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
1113000 USD
us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
2275000 USD
CY2015Q2 us-gaap Other Hotel Operating Revenue
OtherHotelOperatingRevenue
1537000 USD
us-gaap Other Hotel Operating Revenue
OtherHotelOperatingRevenue
2816000 USD
CY2016Q2 us-gaap Other Hotel Operating Revenue
OtherHotelOperatingRevenue
2161000 USD
us-gaap Other Hotel Operating Revenue
OtherHotelOperatingRevenue
4126000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
12000 USD
CY2015Q2 us-gaap Other Nonrecurring Income Expense
OtherNonrecurringIncomeExpense
-450000 USD
us-gaap Other Nonrecurring Income Expense
OtherNonrecurringIncomeExpense
-450000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
25000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
1467000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
28394000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
8883000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
876000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
21193000 USD
CY2015Q2 us-gaap Pre Opening Costs
PreOpeningCosts
75000 USD
us-gaap Pre Opening Costs
PreOpeningCosts
113000 USD
CY2015Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
2800000 USD
CY2016Q2 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
4396000 USD
us-gaap Proceeds From Income Tax Refunds
ProceedsFromIncomeTaxRefunds
3160000 USD
us-gaap Proceeds From Income Tax Refunds
ProceedsFromIncomeTaxRefunds
0 USD
CY2015Q2 us-gaap Promotional Allowances
PromotionalAllowances
5611000 USD
us-gaap Promotional Allowances
PromotionalAllowances
10647000 USD
CY2016Q2 us-gaap Promotional Allowances
PromotionalAllowances
6652000 USD
us-gaap Promotional Allowances
PromotionalAllowances
12708000 USD
CY2015Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
135205000 USD
CY2016Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
151646000 USD
CY2015Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
98982000 USD
CY2016Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
111889000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-500000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
0 USD
us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
381000 USD
us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
244000 USD
CY2015Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
569000 USD
CY2016Q2 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
0 USD
CY2015Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
11954000 USD
CY2016Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
9223000 USD
CY2015Q2 us-gaap Sales Revenue Net
SalesRevenueNet
30726000 USD
us-gaap Sales Revenue Net
SalesRevenueNet
59810000 USD
CY2016Q2 us-gaap Sales Revenue Net
SalesRevenueNet
34847000 USD
us-gaap Sales Revenue Net
SalesRevenueNet
66854000 USD
CY2015Q2 us-gaap Sales Revenue Services Gross
SalesRevenueServicesGross
36337000 USD
us-gaap Sales Revenue Services Gross
SalesRevenueServicesGross
70457000 USD
CY2016Q2 us-gaap Sales Revenue Services Gross
SalesRevenueServicesGross
41499000 USD
us-gaap Sales Revenue Services Gross
SalesRevenueServicesGross
79562000 USD
CY2015Q2 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
30726000 USD
us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
59810000 USD
CY2016Q2 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
34847000 USD
us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
66854000 USD
CY2015Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
10419000 USD
CY2016Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
12502000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
23842000 USD
CY2015Q2 us-gaap Share Based Compensation
ShareBasedCompensation
191000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
228000 USD
CY2016Q2 us-gaap Share Based Compensation
ShareBasedCompensation
164000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
220000 USD
us-gaap Stock Issued During Period Value Share Based Compensation Gross
StockIssuedDuringPeriodValueShareBasedCompensationGross
220000 USD
CY2015Q4 us-gaap Stockholders Equity
StockholdersEquity
56523000 USD
CY2016Q2 us-gaap Stockholders Equity
StockholdersEquity
54012000 USD
CY2015Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
1356595 shares
CY2016Q2 us-gaap Treasury Stock Shares
TreasuryStockShares
1356595 shares
CY2015Q4 us-gaap Treasury Stock Value
TreasuryStockValue
1654000 USD
CY2016Q2 us-gaap Treasury Stock Value
TreasuryStockValue
1654000 USD
CY2015Q4 us-gaap Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
0 USD
CY2016Q2 us-gaap Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
815000 USD
CY2016Q2 us-gaap Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
600000 USD
CY2015Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
18934000 shares
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
18906000 shares
CY2016Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
18997000 shares
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
18983000 shares
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Reclassifications. </font><font style="font-family:inherit;font-size:10pt;">Certain minor reclassifications have been made to prior period amounts to conform to the current-period presentation. Such reclassifications had no effect on the previously reported net loss or retained earnings.</font></div></div>

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