2016 Q1 Form 10-Q Financial Statement

#000035501916000049 Filed on May 10, 2016

View on sec.gov

Income Statement

Concept 2016 Q1 2015 Q2 2015 Q1
Revenue $546.0K $16.88M $502.0K
YoY Change 8.76% -0.86% 1.41%
Cost Of Revenue $263.0K $9.700M $352.0K
YoY Change -25.28% 3.74% 57.85%
Gross Profit $283.0K $7.180M $150.0K
YoY Change 88.67% -6.51% -44.85%
Gross Profit Margin 51.83% 42.54% 29.88%
Selling, General & Admin $4.063M $3.290M $3.706M
YoY Change 9.63% -25.4% -5.82%
% of Gross Profit 1435.69% 45.82% 2470.67%
Research & Development $395.0K $700.0K $360.0K
YoY Change 9.72% 11.11% 0.0%
% of Gross Profit 139.58% 9.75% 240.0%
Depreciation & Amortization $830.0K $870.0K $889.0K
YoY Change -6.64% -6.45% -4.72%
% of Gross Profit 293.29% 12.12% 592.67%
Operating Expenses $4.458M $3.980M $4.066M
YoY Change 9.64% -21.03% -5.33%
Operating Profit -$4.175M $3.200M -$3.916M
YoY Change 6.61% 21.21% -2.66%
Interest Expense -$127.0K -$100.0K -$169.0K
YoY Change -24.85% -28.57% -183.25%
% of Operating Profit -3.13%
Other Income/Expense, Net $400.0K
YoY Change -180.0%
Pretax Income $4.026M $3.490M $2.549M
YoY Change 57.94% 74.5% 15.24%
Income Tax -$145.0K -$2.710M $30.00K
% Of Pretax Income -3.6% -77.65% 1.18%
Net Earnings $3.005M $6.200M $2.019M
YoY Change 48.84% 35.31% 16.1%
Net Earnings / Revenue 550.37% 36.73% 402.19%
Basic Earnings Per Share $0.50 $0.89 $0.33
Diluted Earnings Per Share $458.8K $0.86 $0.31
COMMON SHARES
Basic Shares Outstanding 6.050M shares 6.050M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2016 Q1 2015 Q2 2015 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $13.10M $9.400M $7.800M
YoY Change 67.95% -6.0% -18.75%
Cash & Equivalents $13.15M $9.449M $7.828M
Short-Term Investments
Other Short-Term Assets $800.0K $900.0K $900.0K
YoY Change -11.11% -10.0% -47.06%
Inventory $2.500M $2.900M $3.000M
Prepaid Expenses
Receivables $34.40M $30.40M $4.500M
Other Receivables $0.00 $0.00 $26.90M
Total Short-Term Assets $50.91M $43.62M $43.08M
YoY Change 18.18% 1.87% -0.62%
LONG-TERM ASSETS
Property, Plant & Equipment $11.88M $12.90M $13.45M
YoY Change -11.72% -14.16% -16.15%
Goodwill $1.767M $1.767M $1.767M
YoY Change 0.0% 0.0% 0.0%
Intangibles $8.066M $8.950M $9.653M
YoY Change -16.44% -14.83% -12.59%
Long-Term Investments
YoY Change
Other Assets $9.400M $9.300M $6.600M
YoY Change 42.42% 38.81% 69.23%
Total Long-Term Assets $31.09M $32.88M $31.43M
YoY Change -1.06% -3.23% -4.07%
TOTAL ASSETS
Total Short-Term Assets $50.91M $43.62M $43.08M
Total Long-Term Assets $31.09M $32.88M $31.43M
Total Assets $82.00M $76.50M $74.50M
YoY Change 10.07% -0.39% -2.1%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.345M $1.782M $2.304M
YoY Change -41.62% -28.19% -19.52%
Accrued Expenses $7.200M $7.300M $8.000M
YoY Change -10.0% -1.35% -10.11%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $2.500M $2.500M $2.900M
YoY Change -13.79% -13.79% -3.33%
Total Short-Term Liabilities $18.58M $18.79M $20.26M
YoY Change -8.3% -10.18% -8.67%
LONG-TERM LIABILITIES
Long-Term Debt $3.900M $5.700M $6.300M
YoY Change -38.1% -32.94% -32.98%
Other Long-Term Liabilities $1.000M $700.0K $400.0K
YoY Change 150.0% -22.22% -42.86%
Total Long-Term Liabilities $5.328M $6.916M $7.283M
YoY Change -26.84% -30.56% -30.84%
TOTAL LIABILITIES
Total Short-Term Liabilities $18.58M $18.79M $20.26M
Total Long-Term Liabilities $5.328M $6.916M $7.283M
Total Liabilities $23.91M $25.71M $27.55M
YoY Change -13.2% -16.76% -15.8%
SHAREHOLDERS EQUITY
Retained Earnings -$136.3M
YoY Change -8.65%
Common Stock $175.4M $175.4M $175.4M
YoY Change 0.02% 0.09% 0.22%
Preferred Stock
YoY Change
Treasury Stock (at cost) -$675.0K -$675.0K $675.0K
YoY Change -200.0% -200.0% 0.0%
Treasury Stock Shares
Shareholders Equity $47.80M $50.78M $32.70M
YoY Change
Total Liabilities & Shareholders Equity $82.01M $76.49M $74.54M
YoY Change 10.02% -0.39% -2.11%

Cashflow Statement

Concept 2016 Q1 2015 Q2 2015 Q1
OPERATING ACTIVITIES
Net Income $3.005M $6.200M $2.019M
YoY Change 48.84% 35.31% 16.1%
Depreciation, Depletion And Amortization $830.0K $870.0K $889.0K
YoY Change -6.64% -6.45% -4.72%
Cash From Operating Activities $2.390M $4.720M $2.640M
YoY Change -9.47% 17.71% 2.33%
INVESTING ACTIVITIES
Capital Expenditures -$150.0K -$40.00K -$110.0K
YoY Change 36.36% -85.71% -47.62%
Acquisitions
YoY Change
Other Investing Activities $0.00
YoY Change
Cash From Investing Activities -$150.0K -$40.00K -$110.0K
YoY Change 36.36% -85.71% -47.62%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -2.040M -3.070M -6.370M
YoY Change -67.97% -8.63% 189.55%
NET CHANGE
Cash From Operating Activities 2.390M 4.720M 2.640M
Cash From Investing Activities -150.0K -40.00K -110.0K
Cash From Financing Activities -2.040M -3.070M -6.370M
Net Change In Cash 200.0K 1.610M -3.840M
YoY Change -105.21% 335.14% -2358.82%
FREE CASH FLOW
Cash From Operating Activities $2.390M $4.720M $2.640M
Capital Expenditures -$150.0K -$40.00K -$110.0K
Free Cash Flow $2.540M $4.760M $2.750M
YoY Change -7.64% 10.96% -1.43%

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CY2016Q1 FONR Costs Incurred On Uncompleted Contracts
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CY2016Q1 FONR Subtotal Costs Estimated Earnings And Billings On Uncompleted Contracts Plus Costs Incurred On Uncompleted Contracts
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CY2016Q1 FONR Managment And Other Fees Receivable Related Medical Practices Net Allowances
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dei Entity Registrant Name
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dei Entity Central Index Key
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dei Document Type
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dei Amendment Flag
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us-gaap Prior Period Reclassification Adjustment Description
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<p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><u style="text-decoration: none"></u></p> <p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"></p> <p style="font: 11pt/normal Arial, Helvetica, Sans-Serif; margin: 0"><u>Reclassifications</u></p> <p style="font: 11pt/normal Arial, Helvetica, Sans-Serif; margin: 0"><u style="text-decoration: none">&#160;</u></p> <p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"></p> <p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">Certain prior year amounts have been reclassified to conform to the current year presentation. The reclassifications did not have any effect on reported consolidated net income for any periods presented.</p> <p style="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&#160;</p>
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CY2016Q1 us-gaap Health Care Organization Patient Service Revenue Less Provision For Bad Debts
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us-gaap Health Care Organization Patient Service Revenue Less Provision For Bad Debts
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Files In Submission

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0000355019-16-000049.txt Edgar Link pending
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