$GNSS
Genasys Inc.

2016 Q1 Form 10-Q Financial Statement

#000143774916031441 Filed on May 10, 2016

View on sec.gov

Income Statement

Concept 2016 Q1 2015 Q1
Revenue $3.602M $4.486M
YoY Change -19.71% -16.73%
Cost Of Revenue $1.971M $2.189M
YoY Change -10.0% -17.63%
Gross Profit $1.631M $2.297M
YoY Change -28.97% -15.85%
Gross Profit Margin 45.29% 51.2%
Selling, General & Admin $2.277M $1.466M
YoY Change 55.28% -10.1%
% of Gross Profit 139.55% 63.84%
Research & Development $597.6K $569.4K
YoY Change 4.96% -1.12%
% of Gross Profit 36.63% 24.79%
Depreciation & Amortization $40.00K $60.00K
YoY Change -33.33% 20.0%
% of Gross Profit 2.45% 2.61%
Operating Expenses $2.874M $2.036M
YoY Change 41.2% -7.76%
Operating Profit -$1.243M $261.2K
YoY Change -575.85% -50.01%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net $31.69K $30.92K
YoY Change 2.5% 507.96%
Pretax Income -$1.211M $292.1K
YoY Change -514.63% -44.63%
Income Tax -$546.5K $1.600K
% Of Pretax Income 0.55%
Net Earnings -$664.7K $290.5K
YoY Change -328.79% -44.76%
Net Earnings / Revenue -18.45% 6.48%
Basic Earnings Per Share -$0.02 $0.01
Diluted Earnings Per Share -$0.02 $0.01
COMMON SHARES
Basic Shares Outstanding 31.83M 33.25M
Diluted Shares Outstanding 31.83M 33.85M

Balance Sheet

Concept 2016 Q1 2015 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $17.61M $20.89M
YoY Change -15.7% 12.74%
Cash & Equivalents $14.98M $19.15M
Short-Term Investments $2.630M $1.750M
Other Short-Term Assets $650.0K $690.0K
YoY Change -5.8% 9.52%
Inventory $5.202M $4.562M
Prepaid Expenses
Receivables $2.477M $2.347M
Other Receivables $0.00 $0.00
Total Short-Term Assets $25.94M $28.50M
YoY Change -8.98% 3.96%
LONG-TERM ASSETS
Property, Plant & Equipment $504.3K $413.9K
YoY Change 21.84% 14.97%
Goodwill
YoY Change
Intangibles $60.75K $52.02K
YoY Change 16.77%
Long-Term Investments $2.280M $2.800M
YoY Change -18.57%
Other Assets $9.680M $670.0K
YoY Change 1344.78% -18.29%
Total Long-Term Assets $12.52M $3.939M
YoY Change 217.99% 220.21%
TOTAL ASSETS
Total Short-Term Assets $25.94M $28.50M
Total Long-Term Assets $12.52M $3.939M
Total Assets $38.46M $32.44M
YoY Change 18.58% 13.25%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.442M $1.037M
YoY Change 39.12% -7.44%
Accrued Expenses $2.019M $1.495M
YoY Change 35.06% 19.59%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $3.461M $2.532M
YoY Change 36.72% -8.61%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $174.1K $146.2K
YoY Change 19.09% -8.63%
Total Long-Term Liabilities $174.1K $146.2K
YoY Change 19.09% -8.63%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.461M $2.532M
Total Long-Term Liabilities $174.1K $146.2K
Total Liabilities $3.635M $2.678M
YoY Change 35.76% -8.61%
SHAREHOLDERS EQUITY
Retained Earnings -$51.34M -$58.55M
YoY Change -12.31%
Common Stock $318.00 $333.00
YoY Change -4.5%
Preferred Stock
YoY Change
Treasury Stock (at cost) $57.11K
YoY Change
Treasury Stock Shares $24.51K
Shareholders Equity $34.83M $29.76M
YoY Change
Total Liabilities & Shareholders Equity $38.46M $32.44M
YoY Change 18.58% 13.25%

Cashflow Statement

Concept 2016 Q1 2015 Q1
OPERATING ACTIVITIES
Net Income -$664.7K $290.5K
YoY Change -328.79% -44.76%
Depreciation, Depletion And Amortization $40.00K $60.00K
YoY Change -33.33% 20.0%
Cash From Operating Activities $180.0K $620.0K
YoY Change -70.97% -8.82%
INVESTING ACTIVITIES
Capital Expenditures -$60.00K -$90.00K
YoY Change -33.33% 0.0%
Acquisitions
YoY Change
Other Investing Activities $10.00K -$1.420M
YoY Change -100.7%
Cash From Investing Activities -$40.00K -$1.520M
YoY Change -97.37% 1588.89%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -750.0K -50.00K
YoY Change 1400.0% -66.67%
NET CHANGE
Cash From Operating Activities 180.0K 620.0K
Cash From Investing Activities -40.00K -1.520M
Cash From Financing Activities -750.0K -50.00K
Net Change In Cash -610.0K -950.0K
YoY Change -35.79% -315.91%
FREE CASH FLOW
Cash From Operating Activities $180.0K $620.0K
Capital Expenditures -$60.00K -$90.00K
Free Cash Flow $240.0K $710.0K
YoY Change -66.2% -7.79%

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<div style="display: inline; font-family: times new roman; font-size: 10pt"><div style=" TEXT-ALIGN: left; MARGIN: 0pt; LINE-HEIGHT: 1.25"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif"><div style="display: inline; font-weight: bold;">1. OPERATIONS </div></div></div> <div style=" MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0pt"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">&nbsp;</div></div> <div style=" TEXT-ALIGN: left; MARGIN: 0pt; LINE-HEIGHT: 1.25; TEXT-INDENT: 24.5pt"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">LRAD<div style="display: inline; bottom:.33em; font-size: 82%; position: relative; vertical-align: baseline; vertical-align: baseline; position: relative; bottom:.33em;">&reg;</div> Corporation, a Delaware corporation (the &#x201c;Company&#x201d;), is engaged in the design, development and commercialization of directed and omnidirectional sound technologies and products. The Company sells its proprietary sound reproduction technologies and products in markets around the world.</div></div></div>
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CY2016Q1 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
CY2015Q3 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
1600
CY2016Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
3679
CY2015Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
308
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-529
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
1098
CY2016Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
3679
CY2015Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
308
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-529
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
1098
CY2016Q1 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
174099
CY2015Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
147954
CY2016Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
31693
CY2015Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
30921
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
64957
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
57124
CY2016Q3 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
289660
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1748456
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
158740
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
636661
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
5658
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
1087
us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
612219
us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
4544977
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
126594
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
170999
CY2016Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.00001
CY2015Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.00001
CY2016Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000
CY2015Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000
CY2016Q1 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2015Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2016Q1 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2015Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2016Q1 us-gaap Preferred Stock Value
PreferredStockValue
0
CY2015Q3 us-gaap Preferred Stock Value
PreferredStockValue
0
CY2016Q1 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
648303
CY2015Q3 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
565666
CY2016Q1 us-gaap Prepaid Expense And Other Assets Noncurrent
PrepaidExpenseAndOtherAssetsNoncurrent
485196
CY2015Q3 us-gaap Prepaid Expense And Other Assets Noncurrent
PrepaidExpenseAndOtherAssetsNoncurrent
578938
CY2014Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
325107
CY2014Q3 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
314311
CY2015Q1 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
327236
CY2016Q1 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
253801
CY2015Q3 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
289660
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style=" TEXT-ALIGN: left; MARGIN: 0pt; LINE-HEIGHT: 1.25"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif"><div style="display: inline; text-decoration: underline;"><div style="display: inline; font-style: italic;">Reclassifications </div></div></div></div><div style=" MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0pt"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">&nbsp;</div></div><div style=" TEXT-ALIGN: left; MARGIN: 0pt; LINE-HEIGHT: 1.25; TEXT-INDENT: 24.5pt"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">Where necessary, the prior year&#x2019;s information has been reclassified to conform to the current year presentation.</div></div></div></div></div></div></div></div></div></div>
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
107214
CY2016Q1 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
317822
CY2015Q3 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
315618
CY2016Q3 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
315618
CY2015Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
292379
CY2016Q1 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
23127
CY2015Q1 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
19347
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
24099
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
27749
CY2016Q1 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
48570
CY2015Q1 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
21476
us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
26303
us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
40674
us-gaap Product Warranty Expense
ProductWarrantyExpense
26303
us-gaap Product Warranty Expense
ProductWarrantyExpense
40674
CY2016Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1997152
CY2015Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1885213
CY2016Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
504306
CY2015Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
471963
CY2016Q1 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
597635
CY2015Q1 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
569418
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
1158837
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
1047122
CY2016Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-51340247
CY2016Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
3445336
CY2015Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-49658850
CY2016Q1 us-gaap Revenues
Revenues
3601974
CY2015Q1 us-gaap Revenues
Revenues
4486230
us-gaap Revenues
Revenues
6423506
us-gaap Revenues
Revenues
8871658
CY2016Q1 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
3339707
CY2015Q1 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
4252815
us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
5903514
us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
8398887
CY2016Q1 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
262267
CY2015Q1 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
233415
us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
519992
us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
472771
CY2016Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
2276694
CY2015Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
1466197
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
3736786
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
2868219
us-gaap Share Based Compensation
ShareBasedCompensation
308257
us-gaap Share Based Compensation
ShareBasedCompensation
308854
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
CY2016Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
2668982
CY2016Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
2.30
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
124583
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
717500
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
0.62
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
1.13
CY2016Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
122360
CY2015Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
2852419
CY2015Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
2.35
CY2016Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
2.23
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
2.56
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
1.83
CY2016Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
100482
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P5Y328D
us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
1099608
us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
1748456
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
1748456
CY2016Q1 us-gaap Stockholders Equity
StockholdersEquity
34827088
CY2015Q3 us-gaap Stockholders Equity
StockholdersEquity
37949212
CY2015Q3 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
-8339000
CY2016Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
31828167
CY2015Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
33847965
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
32146928
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
33816805
CY2016Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
31828167
CY2015Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
33253719
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
32146928
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
33244929

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