$IHT
InnSuites Hospitality Trust

2015 Q2 Form 10-K Financial Statement

#000143774915008493 Filed on April 30, 2015

View on sec.gov

Income Statement

Concept 2015 Q2 2015 Q1 2015
Revenue $1.170M $770.0K $14.67M
YoY Change -75.26% -78.73% -1.42%
Cost Of Revenue $290.0K $260.0K $1.034M
YoY Change -81.65% -80.6% -81.4%
Gross Profit $870.0K $510.0K $1.811M
YoY Change -72.38% -77.73% -80.57%
Gross Profit Margin 74.36% 66.23% 12.34%
Selling, General & Admin $820.0K $750.0K $4.767M
YoY Change -62.73% -57.87% 12.14%
% of Gross Profit 94.25% 147.06% 263.26%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $460.0K $450.0K $1.782M
YoY Change 4.55% 0.0% 0.14%
% of Gross Profit 52.87% 88.24% 98.43%
Operating Expenses $960.0K $870.0K $15.84M
YoY Change -63.77% -60.99% 6.54%
Operating Profit -$90.00K -$360.0K -$1.171M
YoY Change -118.0% -700.0% -9188.88%
Interest Expense -$80.00K -$80.00K $880.1K
YoY Change -55.56% -61.9% 6.99%
% of Operating Profit
Other Income/Expense, Net $0.00 $0.00 $9.168K
YoY Change 63.42%
Pretax Income -$160.0K -$450.0K -$2.042M
YoY Change -151.61% 181.25% 153.99%
Income Tax $40.00K $120.0K $198.6K
% Of Pretax Income
Net Earnings $320.0K -$870.0K -$2.104M
YoY Change 433.33% 383.33% 105.87%
Net Earnings / Revenue 27.35% -112.99% -14.34%
Basic Earnings Per Share
Diluted Earnings Per Share $38.69K -$108.2K -$253.1K
COMMON SHARES
Basic Shares Outstanding 8.274M
Diluted Shares Outstanding

Balance Sheet

Concept 2015 Q2 2015 Q1 2015
SHORT-TERM ASSETS
Cash & Short-Term Investments $330.0K $150.0K $147.7K
YoY Change -38.89% -62.5% -63.08%
Cash & Equivalents $330.0K $507.7K $147.7K
Short-Term Investments
Other Short-Term Assets $170.0K $870.0K $866.5K
YoY Change -46.88% 77.55% 73.29%
Inventory
Prepaid Expenses
Receivables $270.0K $472.4K $117.9K
Other Receivables $0.00 $0.00 $1.240K
Total Short-Term Assets $770.0K $1.133M $1.133M
YoY Change -46.9% -26.36% -24.45%
LONG-TERM ASSETS
Property, Plant & Equipment $25.92M $76.09K $5.178M
YoY Change 8.63% -14.84% -78.24%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $20.72M $20.72M
YoY Change 18736.36% 20616.73%
Total Long-Term Assets $25.91M $25.89M $25.89M
YoY Change 8.27% 8.48% 8.35%
TOTAL ASSETS
Total Short-Term Assets $770.0K $1.133M $1.133M
Total Long-Term Assets $25.91M $25.89M $25.89M
Total Assets $26.68M $27.03M $27.03M
YoY Change 5.12% 6.37% 6.41%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.240M $1.019M $690.4K
YoY Change 11.44% 6.73% -68.62%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $7.020M $1.420M $1.423M
YoY Change -44.15% -89.23% -89.22%
Total Short-Term Liabilities $9.250M $10.21M $10.21M
YoY Change -36.56% -33.73% -33.7%
LONG-TERM LIABILITIES
Long-Term Debt $13.70M $5.150M $5.150M
YoY Change 100.88% -27.46% -27.46%
Other Long-Term Liabilities $8.700M $8.702M
YoY Change
Total Long-Term Liabilities $13.70M $13.85M $13.85M
YoY Change 100.88% 95.07% 95.1%
TOTAL LIABILITIES
Total Short-Term Liabilities $9.250M $10.21M $10.21M
Total Long-Term Liabilities $13.70M $13.85M $13.85M
Total Liabilities $24.24M $24.06M $25.41M
YoY Change 4.3% 6.92% 8.58%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $13.81M
YoY Change -1.51%
Preferred Stock
YoY Change
Treasury Stock (at cost) $12.19M
YoY Change 1.84%
Treasury Stock Shares $8.581M
Shareholders Equity $2.440M $1.619M $1.619M
YoY Change
Total Liabilities & Shareholders Equity $26.68M $27.03M $27.03M
YoY Change 5.12% 6.37% 6.41%

Cashflow Statement

Concept 2015 Q2 2015 Q1 2015
OPERATING ACTIVITIES
Net Income $320.0K -$870.0K -$2.104M
YoY Change 433.33% 383.33% 105.87%
Depreciation, Depletion And Amortization $460.0K $450.0K $1.782M
YoY Change 4.55% 0.0% 0.14%
Cash From Operating Activities $690.0K $150.0K $599.9K
YoY Change -20.69% -134.09% -16.65%
INVESTING ACTIVITIES
Capital Expenditures -$480.0K -$330.0K -$1.415M
YoY Change -11.11% -5.71% 86.17%
Acquisitions
YoY Change
Other Investing Activities $0.00 $70.00K $113.1K
YoY Change -100.0% -187.5% -213.1%
Cash From Investing Activities -$480.0K -$260.0K -$1.302M
YoY Change 2.13% -39.53% 51.02%
FINANCING ACTIVITIES
Cash Dividend Paid $82.67K
YoY Change -0.94%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $2.154M
YoY Change 78.23%
Cash From Financing Activities -400.0K 180.0K 813.7K
YoY Change 53.85% -83.93% 1741.14%
NET CHANGE
Cash From Operating Activities 690.0K 150.0K 599.9K
Cash From Investing Activities -480.0K -260.0K -1.302M
Cash From Financing Activities -400.0K 180.0K 813.7K
Net Change In Cash -190.0K 70.00K 111.8K
YoY Change -235.71% -72.0% -214.01%
FREE CASH FLOW
Cash From Operating Activities $690.0K $150.0K $599.9K
Capital Expenditures -$480.0K -$330.0K -$1.415M
Free Cash Flow $1.170M $480.0K $2.015M
YoY Change -17.02% -633.33% 36.16%

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<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: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">USE OF ESTIMATES</div></div><div style=" TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">&nbsp;</div></div><div style=" TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25; TEXT-INDENT: 36pt"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (&#x201c;GAAP&#x201d;) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</div></div><div style=" TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">&nbsp;</div></div><div style=" TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25; TEXT-INDENT: 36pt"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">The Trust&#x2019;s operations are affected by numerous factors, including the economy, competition in the hotel industry and the effect of the economy on the travel and hospitality industries.&nbsp;&nbsp;The Trust cannot predict if any of the above items will have a significant impact in the future, nor can it predict what impact, if any, the occurrence of these or other events might have on the Trust&#x2019;s operations and cash flows.&nbsp;&nbsp;Significant estimates and assumptions made by management include, but are not limited to, the estimated useful lives of long-lived assets and estimates of future cash flows used to test a long-lived asset for recoverability and the fair values of the long-lived assets.</div></div></div></div></div></div>
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CY2015Q1 us-gaap Valuation Allowances And Reserves Balance
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CY2014 us-gaap Valuation Allowances And Reserves Charged To Cost And Expense
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CY2015 us-gaap Valuation Allowances And Reserves Charged To Cost And Expense
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CY2015 us-gaap Valuation Allowances And Reserves Deductions
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CY2015 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
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CY2014 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
8368416

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