2015 Q2 Form 10-Q Financial Statement

#000137367015000034 Filed on August 12, 2015

View on sec.gov

Income Statement

Concept 2015 Q2 2014 Q2
Revenue $71.99M $65.84M
YoY Change 9.33%
Cost Of Revenue $54.70M $49.40M
YoY Change 10.73% -47.06%
Gross Profit $15.92M $16.38M
YoY Change -2.79% 32.43%
Gross Profit Margin 22.12% 24.88%
Selling, General & Admin $3.376M $2.491M
YoY Change 35.53% 77.93%
% of Gross Profit 21.2% 15.21%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $361.0K $138.0K
YoY Change 161.59% -97.98%
% of Gross Profit 2.27% 0.84%
Operating Expenses $3.376M $2.491M
YoY Change 35.53% 77.93%
Operating Profit $9.256M $10.78M
YoY Change -14.12% -863.86%
Interest Expense $0.00 $509.0K
YoY Change -100.0% -74.02%
% of Operating Profit 0.0% 4.72%
Other Income/Expense, Net $275.0K $0.00
YoY Change
Pretax Income $9.170M $10.87M
YoY Change -15.6% -870.02%
Income Tax $2.166M $0.00
% Of Pretax Income 23.62% 0.0%
Net Earnings $3.788M $7.410M
YoY Change -48.88% -2.69%
Net Earnings / Revenue 5.26% 11.25%
Basic Earnings Per Share $0.12 $0.67
Diluted Earnings Per Share $0.12 $0.67
COMMON SHARES
Basic Shares Outstanding 31.35M shares 11.11M shares
Diluted Shares Outstanding 31.35M shares 11.11M shares

Balance Sheet

Concept 2015 Q2 2014 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $15.20M $8.100M
YoY Change 87.65% -27.68%
Cash & Equivalents $15.17M $17.11M
Short-Term Investments
Other Short-Term Assets $450.0K
YoY Change 1945.45%
Inventory $301.0M
Prepaid Expenses $248.0K
Receivables $800.0K $0.00
Other Receivables $0.00 $0.00
Total Short-Term Assets $317.0M $8.784M
YoY Change 3508.83% -77.09%
LONG-TERM ASSETS
Property, Plant & Equipment $1.788M $57.00K
YoY Change 3036.84% -99.97%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $0.00
YoY Change
Other Assets $87.20M $0.00
YoY Change -100.0%
Total Long-Term Assets $101.1M $57.00K
YoY Change 177317.54% -99.97%
TOTAL ASSETS
Total Short-Term Assets $317.0M $8.784M
Total Long-Term Assets $101.1M $57.00K
Total Assets $418.1M $8.841M
YoY Change 4629.42% -96.31%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $14.60M $47.00K
YoY Change 30963.83% -99.37%
Accrued Expenses $12.10M
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $36.90M $1.406M
YoY Change 2524.47% -99.24%
LONG-TERM LIABILITIES
Long-Term Debt $182.3M $0.00
YoY Change -100.0%
Other Long-Term Liabilities $6.500M $1.400M
YoY Change 364.29% -53.38%
Total Long-Term Liabilities $188.8M $1.400M
YoY Change 13385.71% -75.6%
TOTAL LIABILITIES
Total Short-Term Liabilities $36.90M $1.406M
Total Long-Term Liabilities $188.8M $1.400M
Total Liabilities $225.7M $1.406M
YoY Change 15954.69% -99.28%
SHAREHOLDERS EQUITY
Retained Earnings $77.73M -$171.8M
YoY Change -145.24% 24.59%
Common Stock $102.1M $191.1M
YoY Change -46.56% 0.55%
Preferred Stock
YoY Change
Treasury Stock (at cost) $4.316M
YoY Change 0.0%
Treasury Stock Shares 40.48K shares
Shareholders Equity $179.9M $15.01M
YoY Change
Total Liabilities & Shareholders Equity $418.1M $8.841M
YoY Change 4629.42% -96.31%

Cashflow Statement

Concept 2015 Q2 2014 Q2
OPERATING ACTIVITIES
Net Income $3.788M $7.410M
YoY Change -48.88% -2.69%
Depreciation, Depletion And Amortization $361.0K $138.0K
YoY Change 161.59% -97.98%
Cash From Operating Activities -$1.610M $10.09M
YoY Change -115.96% 354.5%
INVESTING ACTIVITIES
Capital Expenditures -$220.0K -$620.0K
YoY Change -64.52% 8.77%
Acquisitions
YoY Change
Other Investing Activities $0.00 $4.920M
YoY Change -100.0%
Cash From Investing Activities -$220.0K $4.300M
YoY Change -105.12% -854.39%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -250.0K -10.08M
YoY Change -97.52% 33500.0%
NET CHANGE
Cash From Operating Activities -1.610M 10.09M
Cash From Investing Activities -220.0K 4.300M
Cash From Financing Activities -250.0K -10.08M
Net Change In Cash -2.080M 4.310M
YoY Change -148.26% 166.05%
FREE CASH FLOW
Cash From Operating Activities -$1.610M $10.09M
Capital Expenditures -$220.0K -$620.0K
Free Cash Flow -$1.390M $10.71M
YoY Change -112.98% 283.87%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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OperatingIncomeLoss
10778000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
20812000 USD
CY2015Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
9256000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
17815000 USD
CY2014Q4 us-gaap Other Assets
OtherAssets
2027000 USD
CY2015Q2 us-gaap Other Assets
OtherAssets
3274000 USD
CY2014Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
429000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
480000 USD
CY2015Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
275000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
606000 USD
us-gaap Payments Of Capital Distribution
PaymentsOfCapitalDistribution
4811000 USD
us-gaap Payments Of Capital Distribution
PaymentsOfCapitalDistribution
0 USD
us-gaap Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
1600000 USD
us-gaap Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
0 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
875000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
678000 USD
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
5235000 USD
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
2673000 USD
us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
5356000 USD
us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
0 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
4000000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
13500000 USD
us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
390000 USD
us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
87000 USD
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
4451000 USD
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
2676000 USD
us-gaap Proceeds From Sale Of Lease Receivables
ProceedsFromSaleOfLeaseReceivables
1961000 USD
us-gaap Proceeds From Sale Of Lease Receivables
ProceedsFromSaleOfLeaseReceivables
2768000 USD
CY2014Q2 us-gaap Profit Loss
ProfitLoss
10865000 USD
us-gaap Profit Loss
ProfitLoss
20680000 USD
CY2015Q2 us-gaap Profit Loss
ProfitLoss
7004000 USD
us-gaap Profit Loss
ProfitLoss
13192000 USD
CY2014Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1629000 USD
CY2015Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1788000 USD
CY2013Q4 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
1065000 USD
CY2014Q1 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
1065000 USD
CY2014Q2 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
1082000 USD
CY2014Q4 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
3713000 USD
CY2015Q1 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
7218000 USD
CY2015Q2 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
9854000 USD
CY2014Q2 us-gaap Real Estate Inventory Capitalized Interest Costs Cost Of Sales
RealEstateInventoryCapitalizedInterestCostsCostOfSales
0 USD
us-gaap Real Estate Inventory Capitalized Interest Costs Cost Of Sales
RealEstateInventoryCapitalizedInterestCostsCostOfSales
105000 USD
CY2015Q2 us-gaap Real Estate Inventory Capitalized Interest Costs Cost Of Sales
RealEstateInventoryCapitalizedInterestCostsCostOfSales
912000 USD
us-gaap Real Estate Inventory Capitalized Interest Costs Cost Of Sales
RealEstateInventoryCapitalizedInterestCostsCostOfSales
926000 USD
CY2014Q2 us-gaap Real Estate Inventory Capitalized Interest Costs Incurred
RealEstateInventoryCapitalizedInterestCostsIncurred
526000 USD
us-gaap Real Estate Inventory Capitalized Interest Costs Incurred
RealEstateInventoryCapitalizedInterestCostsIncurred
830000 USD
CY2015Q2 us-gaap Real Estate Inventory Capitalized Interest Costs Incurred
RealEstateInventoryCapitalizedInterestCostsIncurred
3548000 USD
us-gaap Real Estate Inventory Capitalized Interest Costs Incurred
RealEstateInventoryCapitalizedInterestCostsIncurred
7348000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
1105000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
7061000 USD
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
15018000 USD
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
3004000 USD
CY2014Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
1709000 USD
CY2015Q2 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
1969000 USD
CY2014Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
69919000 USD
CY2015Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
77725000 USD
CY2014Q2 us-gaap Revenues
Revenues
65843000 USD
us-gaap Revenues
Revenues
128852000 USD
CY2015Q2 us-gaap Revenues
Revenues
71987000 USD
us-gaap Revenues
Revenues
130439000 USD
CY2014Q2 us-gaap Salaries Wages And Officers Compensation
SalariesWagesAndOfficersCompensation
2823000 USD
us-gaap Salaries Wages And Officers Compensation
SalariesWagesAndOfficersCompensation
5978000 USD
CY2015Q2 us-gaap Salaries Wages And Officers Compensation
SalariesWagesAndOfficersCompensation
4647000 USD
us-gaap Salaries Wages And Officers Compensation
SalariesWagesAndOfficersCompensation
9509000 USD
CY2014Q4 us-gaap Secured Debt
SecuredDebt
150000000 USD
CY2015Q2 us-gaap Secured Debt
SecuredDebt
150000000 USD
CY2014Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
2491000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
4772000 USD
CY2015Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
3376000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
6315000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
0 USD
us-gaap Share Based Compensation
ShareBasedCompensation
196000 USD
CY2015Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
0 shares
CY2015Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
0.00
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
0 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
0 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
0 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
0.00
CY2015Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
397000 USD
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
500000 shares
CY2015Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
500000 shares
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
7.49
CY2015Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
7.49
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Shares Issued In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesIssuedInPeriod
0 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0.00
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
0.00
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
0.00
CY2015Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
0 USD
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P0Y
CY2014Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
500000 shares
CY2015Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
500000 shares
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedNumberOfShares
0 shares
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedWeightedAverageGrantDateFairValue
0.00
CY2014Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
2.88
CY2015Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
2.88
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P9Y5M77D
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares
0 shares
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue
0.00
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
0 shares
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
0 USD
CY2014Q4 us-gaap Stockholders Equity
StockholdersEquity
171858000 USD
CY2015Q2 us-gaap Stockholders Equity
StockholdersEquity
179860000 USD
CY2013Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
198819000 USD
CY2014Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
209843000 USD
CY2014Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
181597000 USD
CY2015Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
192399000 USD
CY2014Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 USD
CY2015Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 USD
CY2014Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
CY2015Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
7000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
4000 shares
CY2014Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
11109000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
11109000 shares
CY2015Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
31353000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
31350000 shares
CY2014Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
11109000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
11109000 shares
CY2015Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
31346000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
31346000 shares
us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:8px;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;text-decoration:underline;">Use of Estimates</font></div><div style="line-height:120%;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of the consolidated financial statements in conformity with GAAP requires the Company to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes, including the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenue and expenses during the reporting periods. Actual results could differ from those estimates.</font></div></div>

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