2018 Q1 Form 10-Q Financial Statement

#000172697818000005 Filed on June 07, 2018

View on sec.gov

Income Statement

Concept 2018 Q1 2017 Q4 2017 Q1
Revenue $14.59M $11.13M $9.891M
YoY Change 47.5%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $9.490M $6.950M
YoY Change 36.55%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $337.0K $580.0K $137.7K
YoY Change 144.81%
% of Gross Profit
Operating Expenses $9.826M $7.091M
YoY Change 38.57%
Operating Profit $4.763M $1.116M $2.800M
YoY Change 70.11%
Interest Expense $995.0K $532.7K
YoY Change 86.78%
% of Operating Profit 20.89% 19.03%
Other Income/Expense, Net $0.00
YoY Change
Pretax Income $3.768M $2.270M
YoY Change 65.99%
Income Tax $0.00 $0.00
% Of Pretax Income 0.0% 0.0%
Net Earnings $0.00 $376.0K $2.267M
YoY Change -100.0%
Net Earnings / Revenue 0.0% 3.38% 22.92%
Basic Earnings Per Share $0.08
Diluted Earnings Per Share $0.08 $0.00
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2018 Q1 2017 Q4 2017 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $6.332M $4.948M $4.630M
Short-Term Investments
Other Short-Term Assets $3.213M $0.00
YoY Change
Inventory
Prepaid Expenses $740.1K $521.0K
Receivables
Other Receivables
Total Short-Term Assets $13.24M $7.719M
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $6.867M $6.845M
YoY Change
Goodwill
YoY Change
Intangibles $235.9K $216.0K
YoY Change
Long-Term Investments
YoY Change
Other Assets $179.1K $565.0K
YoY Change
Total Long-Term Assets $21.56M $8.987M
YoY Change
TOTAL ASSETS
Total Short-Term Assets $13.24M $7.719M
Total Long-Term Assets $21.56M $8.987M
Total Assets $34.80M $16.71M $10.00M
YoY Change 247.87%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.900M
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue $1.062M
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due $500.0K $500.0K
YoY Change
Total Short-Term Liabilities $7.271M $5.767M
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt $48.08M $48.16M
YoY Change
Other Long-Term Liabilities $4.700M
YoY Change
Total Long-Term Liabilities $48.08M $48.16M
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $7.271M $5.767M
Total Long-Term Liabilities $48.08M $48.16M
Total Liabilities $59.57M $57.84M
YoY Change
SHAREHOLDERS EQUITY
Retained Earnings $0.00
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$37.40M -$41.13M
YoY Change
Total Liabilities & Shareholders Equity $22.20M $16.71M
YoY Change

Cashflow Statement

Concept 2018 Q1 2017 Q4 2017 Q1
OPERATING ACTIVITIES
Net Income $0.00 $376.0K $2.267M
YoY Change -100.0%
Depreciation, Depletion And Amortization $337.0K $580.0K $137.7K
YoY Change 144.81%
Cash From Operating Activities $2.575M $6.060M $1.490M
YoY Change 72.83%
INVESTING ACTIVITIES
Capital Expenditures $334.0K -$5.480M $79.83K
YoY Change 318.37%
Acquisitions
YoY Change
Other Investing Activities $10.00K $280.0K $0.00
YoY Change
Cash From Investing Activities -$373.0K -$5.200M -$96.08K
YoY Change 288.23%
FINANCING ACTIVITIES
Cash Dividend Paid $550.0K $500.0K
YoY Change 10.0%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$626.0K -3.590M -$542.0K
YoY Change 15.5%
NET CHANGE
Cash From Operating Activities $2.575M 6.060M $1.490M
Cash From Investing Activities -$373.0K -5.200M -$96.08K
Cash From Financing Activities -$626.0K -3.590M -$542.0K
Net Change In Cash $1.576M -2.730M $851.8K
YoY Change 85.02%
FREE CASH FLOW
Cash From Operating Activities $2.575M $6.060M $1.490M
Capital Expenditures $334.0K -$5.480M $79.83K
Free Cash Flow $2.241M $11.54M $1.410M
YoY Change 58.93%

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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-style:italic;font-weight:bold;">Use of Estimates</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reported period. Accordingly, actual results could differ from those estimates as more information becomes known.</font></div></div>

Files In Submission

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