2018 Q1 Form 10-Q Financial Statement

#000143472818000079 Filed on May 10, 2018

View on sec.gov

Income Statement

Concept 2018 Q1 2017 Q1
Revenue $7.425M $6.791M
YoY Change 9.34% -0.37%
Cost Of Revenue $360.0K $360.0K
YoY Change 0.0% -23.4%
Gross Profit $7.070M $6.430M
YoY Change 9.95% 1.42%
Gross Profit Margin 95.22% 94.68%
Selling, General & Admin $3.910M $3.680M
YoY Change 6.25% 0.27%
% of Gross Profit 55.3% 57.23%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.799M $1.646M
YoY Change 9.3% 1.79%
% of Gross Profit 25.45% 25.6%
Operating Expenses $6.061M $5.690M
YoY Change 6.52% -1.13%
Operating Profit $1.364M $1.101M
YoY Change 23.89% 3.77%
Interest Expense $1.231M $1.312M
YoY Change -6.17% -27.99%
% of Operating Profit 90.25% 119.16%
Other Income/Expense, Net -$903.0K -$742.0K
YoY Change 21.7% -53.54%
Pretax Income $500.0K $359.0K
YoY Change 39.28% -166.98%
Income Tax $141.0K $170.0K
% Of Pretax Income 28.2% 47.35%
Net Earnings $320.0K $189.0K
YoY Change 69.31% -160.19%
Net Earnings / Revenue 4.31% 2.78%
Basic Earnings Per Share $0.02 $0.01
Diluted Earnings Per Share $0.02 $0.01
COMMON SHARES
Basic Shares Outstanding 19.63M shares 19.58M shares
Diluted Shares Outstanding 19.67M shares 19.62M shares

Balance Sheet

Concept 2018 Q1 2017 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $6.900M $14.80M
YoY Change -53.38% 29.82%
Cash & Equivalents $6.915M $14.81M
Short-Term Investments
Other Short-Term Assets $700.0K $800.0K
YoY Change -12.5% -83.33%
Inventory
Prepaid Expenses
Receivables $1.354M $3.000M
Other Receivables $400.0K $400.0K
Total Short-Term Assets $11.22M $19.01M
YoY Change -40.99% -2.7%
LONG-TERM ASSETS
Property, Plant & Equipment $212.8M $207.3M
YoY Change 2.64% 6.3%
Goodwill
YoY Change
Intangibles $12.77M $12.77M
YoY Change 0.0% 0.0%
Long-Term Investments $234.0K $602.0K
YoY Change -61.13% -4.75%
Other Assets $15.41M $13.69M
YoY Change 12.59% -39.6%
Total Long-Term Assets $228.2M $221.0M
YoY Change 3.23% 1.54%
TOTAL ASSETS
Total Short-Term Assets $11.22M $19.01M
Total Long-Term Assets $228.2M $221.0M
Total Assets $239.4M $240.0M
YoY Change -0.27% 1.19%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.576M $3.039M
YoY Change -48.14% 24.04%
Accrued Expenses $7.832M $8.462M
YoY Change -7.45% 26.32%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $0.00
YoY Change -100.0%
Total Short-Term Liabilities $10.82M $12.92M
YoY Change -16.28% -2.92%
LONG-TERM LIABILITIES
Long-Term Debt $115.1M $115.0M
YoY Change 0.09% 12.09%
Other Long-Term Liabilities $579.0K $896.0K
YoY Change -35.38% 213.29%
Total Long-Term Liabilities $214.7M $212.9M
YoY Change 0.85% 3.37%
TOTAL LIABILITIES
Total Short-Term Liabilities $10.82M $12.92M
Total Long-Term Liabilities $214.7M $212.9M
Total Liabilities $225.5M $226.1M
YoY Change -0.26% 3.12%
SHAREHOLDERS EQUITY
Retained Earnings $696.0K -$3.986M
YoY Change -117.46% 101.72%
Common Stock $13.19M $17.94M
YoY Change -26.47% -10.04%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $13.89M $13.95M
YoY Change
Total Liabilities & Shareholders Equity $239.4M $240.0M
YoY Change -0.27% 1.19%

Cashflow Statement

Concept 2018 Q1 2017 Q1
OPERATING ACTIVITIES
Net Income $320.0K $189.0K
YoY Change 69.31% -160.19%
Depreciation, Depletion And Amortization $1.799M $1.646M
YoY Change 9.3% 1.79%
Cash From Operating Activities $3.987M $2.099M
YoY Change 89.95% -13.83%
INVESTING ACTIVITIES
Capital Expenditures $1.101M $6.505M
YoY Change -83.07% 374.47%
Acquisitions
YoY Change
Other Investing Activities -$64.00K $5.000K
YoY Change -1380.0% -150.0%
Cash From Investing Activities -$1.037M -$6.512M
YoY Change -84.08% 371.88%
FINANCING ACTIVITIES
Cash Dividend Paid $1.391M $1.322M
YoY Change 5.22% 13.97%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$1.221M -$1.278M
YoY Change -4.46% 11.03%
NET CHANGE
Cash From Operating Activities $3.987M $2.099M
Cash From Investing Activities -$1.037M -$6.512M
Cash From Financing Activities -$1.221M -$1.278M
Net Change In Cash $1.729M -$5.691M
YoY Change -130.38% 5890.53%
FREE CASH FLOW
Cash From Operating Activities $3.987M $2.099M
Capital Expenditures $1.101M $6.505M
Free Cash Flow $2.886M -$4.406M
YoY Change -165.5% -513.71%

Facts In Submission

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59000 USD
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2000 USD
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62000 USD
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6000 USD
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9000 USD
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8000 USD
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20000 USD
CY2018Q1 us-gaap Other Assets Miscellaneous Noncurrent
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37000 USD
CY2017Q4 us-gaap Other Assets Noncurrent
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CY2017Q1 us-gaap Other Nonoperating Income Expense
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0 USD
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6000 USD
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5000 USD
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1322000 USD
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700000 USD
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684000 USD
CY2017Q1 us-gaap Proceeds From Advances For Construction
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111000 USD
CY2018Q1 us-gaap Proceeds From Advances For Construction
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194000 USD
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CY2018Q1 us-gaap Property Plant And Equipment Gross
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21000 USD
CY2018Q1 us-gaap Provision For Doubtful Accounts
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25000 USD
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3600000 USD
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0.095
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0.28
CY2017Q1 us-gaap Regulated Operating Revenue Water
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2785000 USD
CY2018Q1 us-gaap Regulated Operating Revenue Water
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8463000 USD
CY2017Q4 us-gaap Related Party Transaction Due From To Related Party
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430000 USD
CY2018Q1 us-gaap Related Party Transaction Due From To Related Party
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CY2017Q1 us-gaap Retained Earnings Accumulated Deficit
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CY2017Q4 us-gaap Retained Earnings Accumulated Deficit
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376000 USD
CY2018Q1 us-gaap Retained Earnings Accumulated Deficit
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696000 USD
CY2017Q1 us-gaap Revenues
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6791000 USD
CY2018Q1 us-gaap Revenues
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7425000 USD
CY2018Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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717678 shares
CY2017Q1 us-gaap Stockholders Equity
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CY2017Q4 us-gaap Stockholders Equity
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CY2017Q1 us-gaap Unregulated Operating Revenue
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18000 USD
CY2018Q1 us-gaap Unregulated Operating Revenue
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13000 USD
CY2017Q1 us-gaap Utilities Operating Expense Maintenance And Operations
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1474000 USD
CY2018Q1 us-gaap Utilities Operating Expense Maintenance And Operations
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1509000 USD
CY2017Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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19622751 shares
CY2018Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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19669994 shares
CY2017Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
19581266 shares
CY2018Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
19631266 shares

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