2015 Q3 Form 10-Q Financial Statement

#000143774915020744 Filed on November 13, 2015

View on sec.gov

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%

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