2011 Form 10-K Financial Statement

#000135448812001479 Filed on March 29, 2012

View on sec.gov

Income Statement

Concept 2011 2010 Q4 2010
Revenue $15.52M $2.600M $11.49M
YoY Change 35.04% 8.33% 17.5%
Cost Of Revenue $9.663M $1.740M $7.018M
YoY Change 37.68% 20.83% 7.97%
Gross Profit $5.855M $860.0K $4.473M
YoY Change 30.9% -10.42% 36.37%
Gross Profit Margin 37.73% 33.08% 38.93%
Selling, General & Admin $4.370M $1.040M $3.820M
YoY Change 14.4% 1.96% 5.82%
% of Gross Profit 74.63% 120.93% 85.4%
Research & Development $73.20K $0.00 $70.99K
YoY Change 3.11% -100.0% 136.64%
% of Gross Profit 1.25% 0.0% 1.59%
Depreciation & Amortization $330.9K $90.00K $356.8K
YoY Change -7.25% -10.0% -10.8%
% of Gross Profit 5.65% 10.47% 7.98%
Operating Expenses $4.547M $1.040M $3.973M
YoY Change 14.45% 0.97% 8.85%
Operating Profit $1.308M -$180.0K $500.1K
YoY Change 161.64% 157.14% -235.16%
Interest Expense $95.75K -$30.00K $77.22K
YoY Change 24.0% -25.0% -142.9%
% of Operating Profit 7.32% 15.44%
Other Income/Expense, Net $0.00 $0.00
YoY Change -100.0% -100.0%
Pretax Income $1.309M -$220.0K $500.1K
YoY Change 161.67% 633.33% -206.4%
Income Tax $1.146M $200.0K -$770.2K
% Of Pretax Income 87.54% -154.01%
Net Earnings $183.0K -$420.0K -$190.1K
YoY Change -196.27% 82.61% -74.31%
Net Earnings / Revenue 1.18% -16.15% -1.65%
Basic Earnings Per Share $0.01 -$0.01
Diluted Earnings Per Share $0.01 -$30.09K
COMMON SHARES
Basic Shares Outstanding 13.27M shares 13.96M shares
Diluted Shares Outstanding 13.48M shares

Balance Sheet

Concept 2011 2010 Q4 2010
SHORT-TERM ASSETS
Cash & Short-Term Investments $510.0K $2.760M $2.760M
YoY Change -81.52% 29.58% 29.58%
Cash & Equivalents $510.0K $2.763M $2.760M
Short-Term Investments
Other Short-Term Assets $140.0K $190.0K $190.0K
YoY Change -26.32% 58.33% 58.33%
Inventory $2.890M $2.539M $2.540M
Prepaid Expenses $192.3K
Receivables $2.330M $1.199M $1.200M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $5.860M $6.694M $6.690M
YoY Change -12.41% 1.58% 1.52%
LONG-TERM ASSETS
Property, Plant & Equipment $8.210M $7.868M $7.870M
YoY Change 4.32% 7.63% 7.66%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $10.00K $10.00K $10.00K
YoY Change 0.0% 0.0% 0.0%
Other Assets $220.0K $200.0K $200.0K
YoY Change 10.0% 66.67% 66.67%
Total Long-Term Assets $8.650M $8.300M $8.300M
YoY Change 4.22% 8.35% 8.36%
TOTAL ASSETS
Total Short-Term Assets $5.860M $6.694M $6.690M
Total Long-Term Assets $8.650M $8.300M $8.300M
Total Assets $14.51M $14.99M $14.99M
YoY Change -3.2% 5.22% 5.19%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $510.0K $510.0K $510.0K
YoY Change 0.0% -15.0% -15.0%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $650.0K $0.00 $0.00
YoY Change
Long-Term Debt Due $330.0K $122.7K $120.0K
YoY Change 175.0% 75.32% 71.43%
Total Short-Term Liabilities $2.240M $1.505M $1.510M
YoY Change 48.34% 53.58% 54.08%
LONG-TERM LIABILITIES
Long-Term Debt $1.650M $2.210M $2.210M
YoY Change -25.34% 0.0% 0.0%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $1.650M $2.210M $2.210M
YoY Change -25.34% 0.0% 0.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.240M $1.505M $1.510M
Total Long-Term Liabilities $1.650M $2.210M $2.210M
Total Liabilities $3.890M $3.711M $3.710M
YoY Change 4.85% 16.34% 16.3%
SHAREHOLDERS EQUITY
Retained Earnings -$5.925M
YoY Change
Common Stock $16.65M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $10.61M $11.28M $11.28M
YoY Change
Total Liabilities & Shareholders Equity $14.51M $14.99M $14.99M
YoY Change -3.2% 5.22% 5.19%

Cashflow Statement

Concept 2011 2010 Q4 2010
OPERATING ACTIVITIES
Net Income $183.0K -$420.0K -$190.1K
YoY Change -196.27% 82.61% -74.31%
Depreciation, Depletion And Amortization $330.9K $90.00K $356.8K
YoY Change -7.25% -10.0% -10.8%
Cash From Operating Activities -$798.8K $1.130M $1.319M
YoY Change -160.55% 841.67% 66.98%
INVESTING ACTIVITIES
Capital Expenditures $794.8K -$180.0K $613.9K
YoY Change 29.47% -162.07% -147.96%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00
YoY Change -100.0% -100.0%
Cash From Investing Activities -$794.8K -$180.0K -$613.9K
YoY Change 29.47% -156.25% -50.89%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $2.061M $0.00
YoY Change
Debt Paid & Issued, Net $309.1K $83.00K
YoY Change 272.38%
Cash From Financing Activities -$689.4K -30.00K -$83.00K
YoY Change 730.66% -200.0% -118.04%
NET CHANGE
Cash From Operating Activities -$798.8K 1.130M $1.319M
Cash From Investing Activities -$794.8K -180.0K -$613.9K
Cash From Financing Activities -$689.4K -30.00K -$83.00K
Net Change In Cash -$2.283M 920.0K $622.3K
YoY Change -466.9% 95.74%
FREE CASH FLOW
Cash From Operating Activities -$798.8K $1.130M $1.319M
Capital Expenditures $794.8K -$180.0K $613.9K
Free Cash Flow -$1.594M $1.310M $705.2K
YoY Change -325.97% -870.59% -65.93%

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PreferredStockParOrStatedValuePerShare
.01
CY2011Q4 us-gaap Common Stock Value
CommonStockValue
13170 usd

Files In Submission

Name View Source Status
FilingSummary.xml Edgar Link unprocessable
0001354488-12-001479-index-headers.html Edgar Link pending
0001354488-12-001479-index.html Edgar Link pending
0001354488-12-001479.txt Edgar Link pending
0001354488-12-001479-xbrl.zip Edgar Link pending
Financial_Report.xls Edgar Link pending
fsi-20111231.xsd Edgar Link pending
fsi_10k.htm Edgar Link pending
fsi_ex231.htm Edgar Link pending
fsi_ex311.htm Edgar Link pending
fsi_ex312.htm Edgar Link pending
fsi_ex321.htm Edgar Link pending
img001.jpg Edgar Link pending
img002.jpg Edgar Link pending
img003.jpg Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
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R2.htm Edgar Link pending
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R3.htm Edgar Link pending
R4.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
fsi-20111231_cal.xml Edgar Link unprocessable
fsi-20111231_def.xml Edgar Link unprocessable
fsi-20111231_lab.xml Edgar Link unprocessable
fsi-20111231_pre.xml Edgar Link unprocessable
fsi-20111231.xml Edgar Link completed