2015 Q3 Form 10-Q Financial Statement
#000143774915020744 Filed on November 13, 2015
Income Statement
Concept | 2015 Q3 | 2014 Q3 |
---|---|---|
Revenue | $23.17M | $31.54M |
YoY Change | -26.56% | 19.89% |
Cost Of Revenue | $22.26M | $29.12M |
YoY Change | -23.57% | 15.42% |
Gross Profit | $907.7K | $2.421M |
YoY Change | -62.51% | 124.59% |
Gross Profit Margin | 3.92% | 7.67% |
Selling, General & Admin | $1.213M | $1.297M |
YoY Change | -6.48% | 24.02% |
% of Gross Profit | 133.62% | 53.57% |
Research & Development | ||
YoY Change | ||
% of Gross Profit | ||
Depreciation & Amortization | $430.0K | $450.0K |
YoY Change | -4.44% | 0.0% |
% of Gross Profit | 47.37% | 18.59% |
Operating Expenses | $1.213M | $1.297M |
YoY Change | -6.48% | 24.02% |
Operating Profit | -$305.1K | $1.124M |
YoY Change | -127.15% | 176.19% |
Interest Expense | $20.00K | $20.00K |
YoY Change | 0.0% | 0.0% |
% of Operating Profit | 1.78% | |
Other Income/Expense, Net | $0.00 | $0.00 |
YoY Change | ||
Pretax Income | -$287.9K | $1.139M |
YoY Change | -125.27% | 2285.74% |
Income Tax | -$94.59K | $373.7K |
% Of Pretax Income | 32.8% | |
Net Earnings | -$193.3K | $765.7K |
YoY Change | -125.25% | 2668.19% |
Net Earnings / Revenue | -0.83% | 2.43% |
Basic Earnings Per Share | -$0.03 | $0.11 |
Diluted Earnings Per Share | -$0.03 | $0.11 |
COMMON SHARES | ||
Basic Shares Outstanding | 6.799M | 6.799M |
Diluted Shares Outstanding | 6.799M | 6.799M |
Balance Sheet
Concept | 2015 Q3 | 2014 Q3 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $1.730M | $7.230M |
YoY Change | -76.07% | -48.28% |
Cash & Equivalents | $1.732M | $7.228M |
Short-Term Investments | ||
Other Short-Term Assets | $341.3K | $357.5K |
YoY Change | -4.53% | -0.11% |
Inventory | $40.42M | $40.05M |
Prepaid Expenses | ||
Receivables | $7.223M | $8.063M |
Other Receivables | $0.00 | $0.00 |
Total Short-Term Assets | $49.71M | $55.69M |
YoY Change | -10.74% | -9.24% |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $15.98M | $14.40M |
YoY Change | 10.98% | 36.93% |
Goodwill | ||
YoY Change | ||
Intangibles | ||
YoY Change | ||
Long-Term Investments | ||
YoY Change | ||
Other Assets | $1.290M | $1.110M |
YoY Change | 16.22% | 6.73% |
Total Long-Term Assets | $17.27M | $15.51M |
YoY Change | 11.36% | 34.12% |
TOTAL ASSETS | ||
Total Short-Term Assets | $49.71M | $55.69M |
Total Long-Term Assets | $17.27M | $15.51M |
Total Assets | $66.98M | $71.20M |
YoY Change | -5.93% | -2.37% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $1.830M | $5.420M |
YoY Change | -66.24% | -31.22% |
Accrued Expenses | $540.0K | $700.0K |
YoY Change | -22.86% | 27.27% |
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | $0.00 | $0.00 |
YoY Change | ||
Long-Term Debt Due | ||
YoY Change | ||
Total Short-Term Liabilities | $2.432M | $6.339M |
YoY Change | -61.63% | -29.61% |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $0.00 | $0.00 |
YoY Change | ||
Other Long-Term Liabilities | $1.140M | $1.050M |
YoY Change | 8.57% | 7.14% |
Total Long-Term Liabilities | $1.140M | $1.050M |
YoY Change | 8.57% | 7.14% |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $2.432M | $6.339M |
Total Long-Term Liabilities | $1.140M | $1.050M |
Total Liabilities | $3.570M | $7.520M |
YoY Change | -52.53% | -26.42% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | $31.91M | $32.18M |
YoY Change | -0.85% | 3.14% |
Common Stock | $36.98M | $36.98M |
YoY Change | 0.0% | 0.0% |
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | $5.476M | $5.476M |
YoY Change | 0.0% | 0.0% |
Treasury Stock Shares | $1.176M | 1.176M shares |
Shareholders Equity | $63.41M | $63.69M |
YoY Change | ||
Total Liabilities & Shareholders Equity | $66.98M | $71.20M |
YoY Change | -5.93% | -2.37% |
Cashflow Statement
Concept | 2015 Q3 | 2014 Q3 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | -$193.3K | $765.7K |
YoY Change | -125.25% | 2668.19% |
Depreciation, Depletion And Amortization | $430.0K | $450.0K |
YoY Change | -4.44% | 0.0% |
Cash From Operating Activities | -$1.520M | $0.00 |
YoY Change | -100.0% | |
INVESTING ACTIVITIES | ||
Capital Expenditures | -$480.0K | -$3.410M |
YoY Change | -85.92% | 2335.71% |
Acquisitions | ||
YoY Change | ||
Other Investing Activities | -$10.00K | -$10.00K |
YoY Change | 0.0% | 0.0% |
Cash From Investing Activities | -$510.0K | -$3.420M |
YoY Change | -85.09% | 2180.0% |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | ||
YoY Change | ||
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | -70.00K | -130.0K |
YoY Change | -46.15% | -76.36% |
NET CHANGE | ||
Cash From Operating Activities | -1.520M | 0.000 |
Cash From Investing Activities | -510.0K | -3.420M |
Cash From Financing Activities | -70.00K | -130.0K |
Net Change In Cash | -2.100M | -3.550M |
YoY Change | -40.85% | -1.93% |
FREE CASH FLOW | ||
Cash From Operating Activities | -$1.520M | $0.00 |
Capital Expenditures | -$480.0K | -$3.410M |
Free Cash Flow | -$1.040M | $3.410M |
YoY Change | -130.5% | -222.66% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2015Q3 | frd |
Allowance For Doubtful Accounts Receivable And Cash Discounts Current
AllowanceForDoubtfulAccountsReceivableAndCashDiscountsCurrent
|
22276 | |
CY2015Q1 | frd |
Allowance For Doubtful Accounts Receivable And Cash Discounts Current
AllowanceForDoubtfulAccountsReceivableAndCashDiscountsCurrent
|
27276 | |
CY2015Q3 | frd |
Cash Value Of Officers Life Insurance And Other Assets Noncurrent
CashValueOfOfficersLifeInsuranceAndOtherAssetsNoncurrent
|
1170500 | |
CY2015Q1 | frd |
Cash Value Of Officers Life Insurance And Other Assets Noncurrent
CashValueOfOfficersLifeInsuranceAndOtherAssetsNoncurrent
|
1136000 | |
CY2015Q3 | frd |
Excess Of Replacement Or Current Costs Over Weighted Average Method Value
ExcessOfReplacementOrCurrentCostsOverWeightedAverageMethodValue
|
211000 | |
frd |
Increase Decrease In Deferred Compensation Cash Based Arrangementsliability
IncreaseDecreaseInDeferredCompensationCashBasedArrangementsliability
|
102000 | ||
frd |
Increase Decrease In Deferred Compensation Cash Based Arrangementsliability
IncreaseDecreaseInDeferredCompensationCashBasedArrangementsliability
|
105000 | ||
CY2015Q3 | us-gaap |
Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
|
1826194 | |
CY2015Q1 | us-gaap |
Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
|
2148555 | |
CY2015Q3 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
7222810 | |
CY2015Q1 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
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CY2015Q3 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
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CY2015Q1 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
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Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
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Additional Paid In Capital Common Stock
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Assets
Assets
|
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CY2015Q1 | us-gaap |
Assets
Assets
|
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CY2015Q3 | us-gaap |
Assets Current
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CY2015Q1 | us-gaap |
Assets Current
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|
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Buildings And Improvements Gross
BuildingsAndImprovementsGross
|
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Buildings And Improvements Gross
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|
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Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
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CY2015Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
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Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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Cash And Cash Equivalents Period Increase Decrease
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|
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us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
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CY2015Q3 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.01 | |
CY2014Q3 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.02 | |
us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.02 | ||
us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.04 | ||
CY2015Q3 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
1 | |
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Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
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CY2015Q3 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
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CY2015Q1 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
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CY2015Q3 | us-gaap |
Common Stock Shares Issued
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Common Stock Shares Issued
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Construction In Progress Gross
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Cost Of Goods Sold
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|
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CY2015Q1 | us-gaap |
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Cost Of Goods Sold
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|
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Cost Of Goods Sold
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|
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Earnings Per Share Basic
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|
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Earnings Per Share Basic
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|
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Earnings Per Share Basic
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|
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Earnings Per Share Basic
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|
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Earnings Per Share Diluted
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|
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Current Income Tax Expense Benefit
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|
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|
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Deferred Income Tax Expense Benefit
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Deferred Income Tax Expense Benefit
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us-gaap |
Depreciation
Depreciation
|
855900 | ||
us-gaap |
Depreciation
Depreciation
|
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|
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Earnings Per Share Diluted
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|
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us-gaap |
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|
0.05 | ||
us-gaap |
Earnings Per Share Diluted
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|
0.10 | ||
CY2015Q3 | us-gaap |
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|
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|
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|
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Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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|
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|
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Income Tax Expense Benefit
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|
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|
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|
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Interest And Other Income
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Interest And Other Income
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|
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|
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us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
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us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
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|
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Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
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Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
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Increase Decrease In Accounts Receivable
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|
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Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
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Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
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us-gaap |
Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
|
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us-gaap |
Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
|
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us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
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us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
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us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
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us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
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CY2015Q3 | us-gaap |
Interest And Other Income
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|
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CY2014Q3 | us-gaap |
Interest And Other Income
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|
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us-gaap |
Interest Paid Net
InterestPaidNet
|
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CY2015Q3 | us-gaap |
Inventory Net
InventoryNet
|
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Inventory Net
InventoryNet
|
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Land
Land
|
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CY2015Q1 | us-gaap |
Land
Land
|
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Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
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CY2015Q1 | us-gaap |
Liabilities And Stockholders Equity
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|
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CY2015Q3 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
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CY2015Q1 | us-gaap |
Liabilities Current
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|
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CY2015Q3 | us-gaap |
Machinery And Equipment Gross
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|
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CY2015Q1 | us-gaap |
Machinery And Equipment Gross
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|
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us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
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|
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Net Cash Provided By Used In Financing Activities Continuing Operations
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Net Cash Provided By Used In Investing Activities Continuing Operations
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Net Cash Provided By Used In Investing Activities Continuing Operations
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Net Cash Provided By Used In Operating Activities Continuing Operations
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|
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Net Cash Provided By Used In Operating Activities Continuing Operations
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Net Income Loss
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|
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us-gaap |
Net Income Loss
NetIncomeLoss
|
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CY2015Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
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CY2014Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
765655 | |
CY2015Q1 | us-gaap |
Treasury Stock Shares
TreasuryStockShares
|
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CY2015Q3 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
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CY2015Q1 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
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us-gaap |
Other Postretirement Benefit Expense
OtherPostretirementBenefitExpense
|
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us-gaap |
Other Postretirement Benefit Expense
OtherPostretirementBenefitExpense
|
38416 | ||
CY2015Q3 | us-gaap |
Other Postretirement Defined Benefit Plan Liabilities Noncurrent
OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent
|
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CY2015Q1 | us-gaap |
Other Postretirement Defined Benefit Plan Liabilities Noncurrent
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|
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Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
135989 | ||
us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
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us-gaap |
Payments To Acquire Life Insurance Policies
PaymentsToAcquireLifeInsurancePolicies
|
34500 | ||
us-gaap |
Payments To Acquire Life Insurance Policies
PaymentsToAcquireLifeInsurancePolicies
|
30500 | ||
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
1321185 | ||
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
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CY2015Q3 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
15982596 | |
CY2015Q1 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
15517311 | |
CY2015Q3 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
31910821 | |
CY2015Q1 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
31714155 | |
CY2015Q3 | us-gaap |
Sales Revenue Goods Net
SalesRevenueGoodsNet
|
23165705 | |
CY2014Q3 | us-gaap |
Sales Revenue Goods Net
SalesRevenueGoodsNet
|
31544474 | |
us-gaap |
Sales Revenue Goods Net
SalesRevenueGoodsNet
|
47134273 | ||
us-gaap |
Sales Revenue Goods Net
SalesRevenueGoodsNet
|
59448996 | ||
CY2015Q3 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
1212836 | |
CY2014Q3 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
1296852 | |
us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
2566292 | ||
us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
2431429 | ||
CY2015Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
63413691 | |
CY2015Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
63217025 | |
CY2015Q3 | us-gaap |
Treasury Stock Shares
TreasuryStockShares
|
1175716 | |
CY2015Q3 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
5475964 | |
CY2015Q1 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
5475964 | |
CY2015Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
6799444 | |
CY2014Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
6799444 | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
6799444 | ||
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
6799444 | ||
CY2015Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
6799444 | |
CY2014Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
6799444 | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
6799444 | ||
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
6799444 |