2016 Q4 Form 10-Q Financial Statement

#000114420416133410 Filed on November 10, 2016

View on sec.gov

Income Statement

Concept 2016 Q4 2016 Q3 2015 Q4
Revenue $27.04M $0.00 $0.00
YoY Change
Cost Of Revenue $4.909M $6.344M $4.705M
YoY Change 4.34%
Gross Profit $22.13M -$6.344M -$4.705M
YoY Change -570.35%
Gross Profit Margin 81.84%
Selling, General & Admin $14.61M
YoY Change
% of Gross Profit 66.02%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $7.170M
YoY Change
% of Gross Profit 32.4%
Operating Expenses $21.77M $522.8K $724.5K
YoY Change 2904.73% -26.98% 425.09%
Operating Profit $360.0K -$522.8K -$5.430M
YoY Change -106.63% -26.98%
Interest Expense -$14.29M $40.00K $0.00
YoY Change
% of Operating Profit -3969.44%
Other Income/Expense, Net $1.220M
YoY Change
Pretax Income -$22.33M -$480.0K -$730.0K
YoY Change 2958.9% -33.33% 421.43%
Income Tax $50.00K
% Of Pretax Income
Net Earnings -$22.38M -$478.9K -$728.5K
YoY Change 2971.96% -33.55% 427.99%
Net Earnings / Revenue -82.77%
Basic Earnings Per Share
Diluted Earnings Per Share -$1.792M -$151.9K -$248.3K
COMMON SHARES
Basic Shares Outstanding 6.585M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2016 Q4 2016 Q3 2015 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $30.90M $200.0K $300.0K
YoY Change 10200.0% -50.0% -72.73%
Cash & Equivalents $200.0K $256.2K
Short-Term Investments
Other Short-Term Assets $7.700M $0.00 $100.0K
YoY Change 7600.0% -100.0% -50.0%
Inventory $6.800M
Prepaid Expenses $62.59K
Receivables $26.00M
Other Receivables $100.0K
Total Short-Term Assets $71.50M $200.0K $318.8K
YoY Change 22325.88% -60.0% -75.24%
LONG-TERM ASSETS
Property, Plant & Equipment $44.30M
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.100M $80.00M $80.00M
YoY Change -98.63% 0.0% 0.0%
Total Long-Term Assets $138.1M $80.10M $80.01M
YoY Change 72.6% 0.13% 0.0%
TOTAL ASSETS
Total Short-Term Assets $71.50M $200.0K $318.8K
Total Long-Term Assets $138.1M $80.10M $80.01M
Total Assets $209.6M $80.30M $80.33M
YoY Change 160.92% -0.25% -1.19%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $11.10M $3.800M $2.600M
YoY Change 326.92% 80.95% 2500.0%
Accrued Expenses $16.20M
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $200.0K $0.00
YoY Change
Long-Term Debt Due $17.20M
YoY Change
Total Short-Term Liabilities $60.60M $4.478M $2.646M
YoY Change 2190.39% 112.9% 2983.94%
LONG-TERM LIABILITIES
Long-Term Debt $100.8M $0.00 $0.00
YoY Change
Other Long-Term Liabilities $32.00M $2.800M $2.800M
YoY Change 1042.86% 0.0% 0.0%
Total Long-Term Liabilities $132.8M $2.800M $2.800M
YoY Change 4642.86% 0.0% 0.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $60.60M $4.478M $2.646M
Total Long-Term Liabilities $132.8M $2.800M $2.800M
Total Liabilities $193.4M $7.278M $5.446M
YoY Change 3451.34% 48.53% 88.71%
SHAREHOLDERS EQUITY
Retained Earnings -$5.569M -$3.668M
YoY Change 89.49% 2491.51%
Common Stock $320.00 $301.00
YoY Change 8.84% 13.16%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $16.10M $5.000M $5.000M
YoY Change
Total Liabilities & Shareholders Equity $209.6M $80.26M $80.33M
YoY Change 160.92% -0.32% -1.19%

Cashflow Statement

Concept 2016 Q4 2016 Q3 2015 Q4
OPERATING ACTIVITIES
Net Income -$22.38M -$478.9K -$728.5K
YoY Change 2971.96% -33.55% 427.99%
Depreciation, Depletion And Amortization $7.170M
YoY Change
Cash From Operating Activities -$8.070M -$250.0K -$150.0K
YoY Change 5280.0% 525.0% 7.14%
INVESTING ACTIVITIES
Capital Expenditures -$7.630M
YoY Change
Acquisitions
YoY Change
Other Investing Activities $50.00K $0.00
YoY Change -100.0%
Cash From Investing Activities -$7.730M $50.00K $0.00
YoY Change -100.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 44.99M 200.0K 0.000
YoY Change -100.0%
NET CHANGE
Cash From Operating Activities -8.070M -250.0K -150.0K
Cash From Investing Activities -7.730M 50.00K 0.000
Cash From Financing Activities 44.99M 200.0K 0.000
Net Change In Cash 29.19M -0.00000000008731 -150.0K
YoY Change -19560.0% -100.0% -114.02%
FREE CASH FLOW
Cash From Operating Activities -$8.070M -$250.0K -$150.0K
Capital Expenditures -$7.630M
Free Cash Flow -$440.0K
YoY Change

Facts In Submission

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dei Document Type
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dei Amendment Flag
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dei Document Period End Date
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dei Document Fiscal Year Focus
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dei Document Fiscal Period Focus
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dei Entity Registrant Name
EntityRegistrantName
Hydra Industries Acquisition Corp.
dei Entity Central Index Key
EntityCentralIndexKey
0001615063
dei Current Fiscal Year End Date
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dei Entity Filer Category
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hdrau Liquidation Condition
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If the Company is unable to complete a Business Combination within 24 months from the closing of the Initial Public Offering (the Combination Period), the Company will (i) cease all operations except for the purposes of winding up its affairs; (ii) distribute the aggregate amount then on deposit in the Trust Account, including a portion of the interest earned thereon (net of any taxes payable, and less up to $50,000 of interest to pay dissolution expenses), pro rata to the Companys public stockholders by way of redemption of the Companys public shares (which redemption would completely extinguish such holders rights as stockholders, including the right to receive further liquidation distributions, if any); and (iii) as promptly as possible following such redemption, dissolve and liquidate the balance of the Companys net assets to its remaining stockholders, as part of the Companys plan of dissolution and liquidation.
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