2017 Q2 Form 10-Q Financial Statement
#000089148217000015 Filed on May 12, 2017
Income Statement
Concept | 2017 Q2 | 2017 Q1 | 2016 Q1 |
---|---|---|---|
Revenue | $40.12M | $39.62M | $32.01M |
YoY Change | 16.09% | 23.79% | 10.05% |
Cost Of Revenue | $22.88M | $22.04M | $17.16M |
YoY Change | 19.73% | 28.44% | 5.34% |
Gross Profit | $17.24M | $17.59M | $14.85M |
YoY Change | 9.53% | 18.45% | 16.11% |
Gross Profit Margin | 42.97% | 44.4% | 46.4% |
Selling, General & Admin | $13.73M | $13.08M | $11.34M |
YoY Change | 10.32% | 15.38% | 4.57% |
% of Gross Profit | 79.63% | 74.38% | 76.36% |
Research & Development | $40.00K | $130.0K | $290.0K |
YoY Change | -91.84% | -55.17% | 625.0% |
% of Gross Profit | 0.23% | 0.74% | 1.95% |
Depreciation & Amortization | $2.140M | $2.097M | $1.693M |
YoY Change | 12.63% | 23.86% | 13.47% |
% of Gross Profit | 12.41% | 11.92% | 11.4% |
Operating Expenses | $13.73M | $13.08M | $11.34M |
YoY Change | 10.32% | 15.38% | 4.57% |
Operating Profit | $1.335M | $2.260M | $1.531M |
YoY Change | 56.69% | 47.62% | -11035.71% |
Interest Expense | $2.705M | $2.678M | $1.762M |
YoY Change | 21.3% | 51.99% | 15.54% |
% of Operating Profit | 202.62% | 118.5% | 115.09% |
Other Income/Expense, Net | -$2.675M | -$2.678M | -$1.762M |
YoY Change | -12.92% | 51.99% | 16.46% |
Pretax Income | -$1.340M | -$418.0K | -$231.0K |
YoY Change | -39.64% | 80.95% | -84.87% |
Income Tax | $184.0K | $184.0K | $99.00K |
% Of Pretax Income | |||
Net Earnings | -$1.525M | -$602.0K | -$330.0K |
YoY Change | -36.46% | 82.42% | -81.2% |
Net Earnings / Revenue | -3.8% | -1.52% | -1.03% |
Basic Earnings Per Share | -$0.07 | -$0.03 | |
Diluted Earnings Per Share | -$0.07 | -$0.03 | -$17.40K |
COMMON SHARES | |||
Basic Shares Outstanding | 22.86M shares | 22.86M shares | 18.97M shares |
Diluted Shares Outstanding | 22.88M shares | 22.87M shares |
Balance Sheet
Concept | 2017 Q2 | 2017 Q1 | 2016 Q1 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $22.00M | $25.40M | $13.10M |
YoY Change | 6.8% | 93.89% | -8.39% |
Cash & Equivalents | $22.00M | $25.40M | $13.12M |
Short-Term Investments | |||
Other Short-Term Assets | $4.600M | $3.200M | $6.300M |
YoY Change | 4.55% | -49.21% | 110.0% |
Inventory | $1.549M | $1.429M | $1.096M |
Prepaid Expenses | $4.574M | $3.186M | $3.150M |
Receivables | $1.198M | $1.299M | $1.271M |
Other Receivables | $0.00 | $0.00 | $0.00 |
Total Short-Term Assets | $29.32M | $31.32M | $21.70M |
YoY Change | 4.39% | 44.31% | 12.44% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $113.3M | $111.0M | $97.40M |
YoY Change | 1.29% | 13.99% | -0.71% |
Goodwill | $21.29M | $21.29M | $16.48M |
YoY Change | 0.74% | 29.16% | |
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $32.99M | $32.68M | $19.32M |
YoY Change | -1.34% | 69.15% | 3764.2% |
Total Long-Term Assets | $146.3M | $143.7M | $116.7M |
YoY Change | 0.69% | 23.12% | -2.81% |
TOTAL ASSETS | |||
Total Short-Term Assets | $29.32M | $31.32M | $21.70M |
Total Long-Term Assets | $146.3M | $143.7M | $116.7M |
Total Assets | $175.6M | $175.0M | $138.4M |
YoY Change | 1.29% | 26.44% | -0.7% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $5.060M | $3.948M | $3.910M |
YoY Change | 11.28% | 0.97% | -4.63% |
Accrued Expenses | $11.07M | $10.68M | $6.837M |
YoY Change | 18.69% | 56.15% | -5.04% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | $2.250M | $1.688M | $4.500M |
YoY Change | 0.0% | -62.49% | 21.62% |
Total Short-Term Liabilities | $18.80M | $16.74M | $16.58M |
YoY Change | 7.39% | 0.96% | -3.62% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $93.56M | $93.90M | $59.48M |
YoY Change | -1.43% | 57.88% | -10.02% |
Other Long-Term Liabilities | $1.300M | $1.100M | |
YoY Change | 62.5% | ||
Total Long-Term Liabilities | $93.56M | $93.90M | $59.48M |
YoY Change | -1.43% | 57.88% | -10.02% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $18.80M | $16.74M | $16.58M |
Total Long-Term Liabilities | $93.56M | $93.90M | $59.48M |
Total Liabilities | $121.0M | $119.1M | $82.17M |
YoY Change | 1.36% | 44.88% | -1.82% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | $4.733M | $6.258M | $11.62M |
YoY Change | -48.68% | -46.16% | |
Common Stock | $51.54M | $51.37M | $46.28M |
YoY Change | 10.98% | 10.99% | |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | $1.654M | $1.654M | $1.654M |
YoY Change | 0.0% | 0.0% | |
Treasury Stock Shares | 1.357M shares | 1.357M shares | 1.357M shares |
Shareholders Equity | $54.62M | $55.97M | $56.25M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $175.6M | $175.0M | $138.4M |
YoY Change | 1.29% | 26.44% | -0.7% |
Cashflow Statement
Concept | 2017 Q2 | 2017 Q1 | 2016 Q1 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$1.525M | -$602.0K | -$330.0K |
YoY Change | -36.46% | 82.42% | -81.2% |
Depreciation, Depletion And Amortization | $2.140M | $2.097M | $1.693M |
YoY Change | 12.63% | 23.86% | 13.47% |
Cash From Operating Activities | $810.0K | $1.507M | $1.860M |
YoY Change | 8000.0% | -18.98% | 16.98% |
INVESTING ACTIVITIES | |||
Capital Expenditures | -$3.790M | $2.458M | $237.0K |
YoY Change | 492.19% | 937.13% | -95.16% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | -$40.00K | -$4.000K | $180.0K |
YoY Change | -99.84% | -102.22% | -178.26% |
Cash From Investing Activities | -$3.840M | -$2.454M | -$60.00K |
YoY Change | -85.25% | 3990.0% | -98.83% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | -380.0K | -$689.0K | -3.250M |
YoY Change | -101.13% | -78.8% | -244.44% |
NET CHANGE | |||
Cash From Operating Activities | 810.0K | $1.507M | 1.860M |
Cash From Investing Activities | -3.840M | -$2.454M | -60.00K |
Cash From Financing Activities | -380.0K | -$689.0K | -3.250M |
Net Change In Cash | -3.410M | -$1.636M | -1.450M |
YoY Change | -145.41% | 12.83% | 12.4% |
FREE CASH FLOW | |||
Cash From Operating Activities | $810.0K | $1.507M | $1.860M |
Capital Expenditures | -$3.790M | $2.458M | $237.0K |
Free Cash Flow | $4.600M | -$951.0K | $1.623M |
YoY Change | 607.69% | -158.6% | -149.03% |
Facts In Submission
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CY2017Q1 | us-gaap |
Food And Beverage Revenue
FoodAndBeverageRevenue
|
7898000 | USD |
CY2016Q1 | us-gaap |
Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
|
0 | USD |
CY2017Q1 | us-gaap |
Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
|
7000 | USD |
CY2016Q4 | us-gaap |
Goodwill
Goodwill
|
21286000 | USD |
CY2017Q1 | us-gaap |
Goodwill
Goodwill
|
21286000 | USD |
CY2016Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-231000 | USD |
CY2017Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-418000 | USD |
CY2016Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
99000 | USD |
CY2017Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
184000 | USD |
CY2016Q1 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
79000 | USD |
CY2017Q1 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-608000 | USD |
CY2016Q1 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-193000 | USD |
CY2017Q1 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-610000 | USD |
CY2016Q1 | us-gaap |
Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
|
-100000 | USD |
CY2017Q1 | us-gaap |
Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
|
-183000 | USD |
CY2016Q1 | us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
321000 | USD |
CY2017Q1 | us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
477000 | USD |
CY2016Q1 | us-gaap |
Interest Expense
InterestExpense
|
1762000 | USD |
CY2017Q1 | us-gaap |
Interest Expense
InterestExpense
|
2678000 | USD |
CY2016Q1 | us-gaap |
Interest Paid
InterestPaid
|
1309000 | USD |
CY2017Q1 | us-gaap |
Interest Paid
InterestPaid
|
2271000 | USD |
CY2016Q4 | us-gaap |
Inventory Net
InventoryNet
|
1329000 | USD |
CY2017Q1 | us-gaap |
Inventory Net
InventoryNet
|
1429000 | USD |
CY2016Q4 | us-gaap |
Liabilities
Liabilities
|
120727000 | USD |
CY2017Q1 | us-gaap |
Liabilities
Liabilities
|
119054000 | USD |
CY2016Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
177206000 | USD |
CY2017Q1 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
175024000 | USD |
CY2016Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
18139000 | USD |
CY2017Q1 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
16737000 | USD |
CY2016Q4 | us-gaap |
Long Term Debt
LongTermDebt
|
95934000 | USD |
CY2017Q1 | us-gaap |
Long Term Debt
LongTermDebt
|
95590000 | USD |
CY2016Q4 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
1688000 | USD |
CY2017Q1 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
1688000 | USD |
CY2016Q4 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
94246000 | USD |
CY2017Q1 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
93902000 | USD |
CY2016Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
-3253000 | USD |
CY2017Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
-689000 | USD |
CY2016Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-61000 | USD |
CY2017Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-2454000 | USD |
CY2016Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
1855000 | USD |
CY2017Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
1507000 | USD |
CY2016Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-330000 | USD |
CY2017Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-602000 | USD |
CY2016Q1 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-1762000 | USD |
CY2017Q1 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-2678000 | USD |
CY2017Q1 | us-gaap |
Number Of Operating Segments
NumberOfOperatingSegments
|
4 | segment |
CY2016Q1 | us-gaap |
Occupancy Costs
OccupancyCosts
|
202000 | USD |
CY2017Q1 | us-gaap |
Occupancy Costs
OccupancyCosts
|
202000 | USD |
CY2016Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
1531000 | USD |
CY2017Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
2260000 | USD |
CY2016Q4 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
32656000 | USD |
CY2017Q1 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
32682000 | USD |
CY2016Q1 | us-gaap |
Other Direct Costs Of Hotels
OtherDirectCostsOfHotels
|
303000 | USD |
CY2017Q1 | us-gaap |
Other Direct Costs Of Hotels
OtherDirectCostsOfHotels
|
280000 | USD |
CY2016Q1 | us-gaap |
Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
|
1161000 | USD |
CY2017Q1 | us-gaap |
Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
|
1175000 | USD |
CY2016Q1 | us-gaap |
Other Hotel Operating Revenue
OtherHotelOperatingRevenue
|
1965000 | USD |
CY2017Q1 | us-gaap |
Other Hotel Operating Revenue
OtherHotelOperatingRevenue
|
2079000 | USD |
CY2016Q1 | us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
102000 | USD |
CY2017Q1 | us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
23000 | USD |
CY2016Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
237000 | USD |
CY2017Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
2458000 | USD |
CY2016Q4 | us-gaap |
Prepaid Expense Current
PrepaidExpenseCurrent
|
2809000 | USD |
CY2017Q1 | us-gaap |
Prepaid Expense Current
PrepaidExpenseCurrent
|
3186000 | USD |
CY2016Q1 | us-gaap |
Promotional Allowances
PromotionalAllowances
|
6056000 | USD |
CY2017Q1 | us-gaap |
Promotional Allowances
PromotionalAllowances
|
7037000 | USD |
CY2016Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
155138000 | USD |
CY2017Q1 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
156779000 | USD |
CY2016Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
111465000 | USD |
CY2017Q1 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
111026000 | USD |
CY2016Q1 | us-gaap |
Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
|
151000 | USD |
CY2017Q1 | us-gaap |
Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
|
104000 | USD |
CY2016Q1 | us-gaap |
Repayments Of Secured Debt
RepaymentsOfSecuredDebt
|
3000000 | USD |
CY2017Q1 | us-gaap |
Repayments Of Secured Debt
RepaymentsOfSecuredDebt
|
562000 | USD |
CY2016Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
6860000 | USD |
CY2017Q1 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
6258000 | USD |
CY2016Q1 | us-gaap |
Sales Revenue Net
SalesRevenueNet
|
32007000 | USD |
CY2017Q1 | us-gaap |
Sales Revenue Net
SalesRevenueNet
|
39620000 | USD |
CY2016Q1 | us-gaap |
Sales Revenue Services Gross
SalesRevenueServicesGross
|
38063000 | USD |
CY2017Q1 | us-gaap |
Sales Revenue Services Gross
SalesRevenueServicesGross
|
46657000 | USD |
CY2016Q1 | us-gaap |
Sales Revenue Services Net
SalesRevenueServicesNet
|
32007000 | USD |
CY2017Q1 | us-gaap |
Sales Revenue Services Net
SalesRevenueServicesNet
|
39620000 | USD |
CY2016Q1 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
11340000 | USD |
CY2017Q1 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
13084000 | USD |
CY2016Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
57000 | USD |
CY2017Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
93000 | USD |
CY2017Q1 | us-gaap |
Stock Issued During Period Value Share Based Compensation Gross
StockIssuedDuringPeriodValueShareBasedCompensationGross
|
93000 | USD |
CY2016Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
56479000 | USD |
CY2017Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
55970000 | USD |
CY2016Q4 | us-gaap |
Treasury Stock Shares
TreasuryStockShares
|
1356595 | shares |
CY2017Q1 | us-gaap |
Treasury Stock Shares
TreasuryStockShares
|
1356595 | shares |
CY2016Q4 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
1654000 | USD |
CY2017Q1 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
1654000 | USD |
CY2016Q4 | us-gaap |
Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
|
1117000 | USD |
CY2017Q1 | us-gaap |
Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
|
1117000 | USD |
CY2016Q1 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
19639676 | shares |
CY2016Q1 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
19640000 | shares |
CY2017Q1 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
22865000 | shares |
CY2017Q1 | 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> |