$JANL
JANEL CORP

2015 Q2 Form 10-Q Financial Statement

#000114420415047334 Filed on August 07, 2015

View on sec.gov

Income Statement

Concept 2015 Q2 2014 Q3 2014 Q2
Revenue $16.65M $15.09M $11.12M
YoY Change 49.72% 17.52% 3.13%
Cost Of Revenue $13.86M $13.14M $9.600M
YoY Change 44.38% 17.11% 4.58%
Gross Profit $2.790M $1.950M $1.520M
YoY Change 83.55% 21.12% -5.0%
Gross Profit Margin 16.76% 12.92% 13.67%
Selling, General & Admin $2.242M $1.800M $1.546M
YoY Change 44.97% 16.13% 0.51%
% of Gross Profit 80.36% 92.31% 101.74%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $70.00K $20.00K $0.00
YoY Change 100.0%
% of Gross Profit 2.51% 1.03% 0.0%
Operating Expenses $16.18M $1.790M $11.15M
YoY Change 45.1% 14.74% 4.0%
Operating Profit $466.8K $160.0K -$32.03K
YoY Change -1557.43% 220.0% -153.85%
Interest Expense -$116.9K -$60.00K -$38.63K
YoY Change 202.71% 100.0% -210.14%
% of Operating Profit -25.05% -37.5%
Other Income/Expense, Net -$116.9K -$10.00K -$38.63K
YoY Change 202.71% 26.61%
Pretax Income $349.9K $100.0K -$70.66K
YoY Change -595.19% 233.33% -343.86%
Income Tax $17.77K $10.00K $4.000K
% Of Pretax Income 5.08% 10.0%
Net Earnings $286.4K $70.00K -$99.98K
YoY Change -386.4% -104.83% -54.68%
Net Earnings / Revenue 1.72% 0.46% -0.9%
Basic Earnings Per Share $0.41 -$0.19
Diluted Earnings Per Share $0.38 $127.3K -$0.18
COMMON SHARES
Basic Shares Outstanding 556.8K shares 27.71M shares 554.2K shares
Diluted Shares Outstanding 589.5K shares 586.9K shares

Balance Sheet

Concept 2015 Q2 2014 Q3 2014 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $320.0K $660.0K $240.0K
YoY Change 33.33% 4.76% -55.56%
Cash & Equivalents $323.6K $664.6K $235.3K
Short-Term Investments
Other Short-Term Assets $160.0K $220.0K $120.0K
YoY Change 33.33% -42.11% -14.29%
Inventory
Prepaid Expenses
Receivables $9.870M $8.564M $4.087M
Other Receivables $0.00 $0.00 $40.00K
Total Short-Term Assets $10.36M $9.450M $4.480M
YoY Change 131.23% 102.63% -23.41%
LONG-TERM ASSETS
Property, Plant & Equipment $70.00K $16.65K $18.85K
YoY Change 271.31% -24.05% -95.51%
Goodwill $2.704M
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $100.0K $7.248M $60.00K
YoY Change 66.67% 11980.58% -72.73%
Total Long-Term Assets $7.100M $7.265M $64.27K
YoY Change 10946.63% 11863.96% -97.14%
TOTAL ASSETS
Total Short-Term Assets $10.36M $9.450M $4.480M
Total Long-Term Assets $7.100M $7.265M $64.27K
Total Assets $17.46M $16.71M $4.564M
YoY Change 282.6% 252.17% -43.62%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $9.420M $8.040M $3.090M
YoY Change 204.85% 165.35% -24.45%
Accrued Expenses $600.0K $314.9K $237.3K
YoY Change 152.84% 1.13% -65.61%
Deferred Revenue
YoY Change
Short-Term Debt $2.950M $4.000M $1.010M
YoY Change 192.08% 179.72% -41.62%
Long-Term Debt Due $490.0K $470.0K
YoY Change
Total Short-Term Liabilities $13.45M $12.82M $4.341M
YoY Change 209.91% 164.55% -34.06%
LONG-TERM LIABILITIES
Long-Term Debt $910.0K $870.0K $0.00
YoY Change -100.0%
Other Long-Term Liabilities $80.00K $80.00K $80.00K
YoY Change 0.0% 0.0% 0.0%
Total Long-Term Liabilities $990.0K $944.0K $78.57K
YoY Change 1160.05% 1101.47% -67.26%
TOTAL LIABILITIES
Total Short-Term Liabilities $13.45M $12.82M $4.341M
Total Long-Term Liabilities $990.0K $944.0K $78.57K
Total Liabilities $14.44M $13.77M $4.420M
YoY Change 226.73% 179.5% -35.2%
SHAREHOLDERS EQUITY
Retained Earnings -$5.360M
YoY Change 7.25%
Common Stock $560.00 $554.00
YoY Change -97.23%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.020M $2.948M $144.0K
YoY Change
Total Liabilities & Shareholders Equity $17.46M $16.71M $4.564M
YoY Change 282.6% 252.17% -43.59%

Cashflow Statement

Concept 2015 Q2 2014 Q3 2014 Q2
OPERATING ACTIVITIES
Net Income $286.4K $70.00K -$99.98K
YoY Change -386.4% -104.83% -54.68%
Depreciation, Depletion And Amortization $70.00K $20.00K $0.00
YoY Change 100.0%
Cash From Operating Activities $1.520M -$950.0K -$680.0K
YoY Change -323.53% -531.82% 325.0%
INVESTING ACTIVITIES
Capital Expenditures $0.00 $0.00 -$10.00K
YoY Change -100.0%
Acquisitions
YoY Change
Other Investing Activities $0.00 -$4.360M
YoY Change -1027.66%
Cash From Investing Activities $0.00 -$4.360M -$10.00K
YoY Change -100.0% -1027.66%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.390M 5.740M -40.00K
YoY Change 3375.0% -1040.98% -76.47%
NET CHANGE
Cash From Operating Activities 1.520M -950.0K -680.0K
Cash From Investing Activities 0.000 -4.360M -10.00K
Cash From Financing Activities -1.390M 5.740M -40.00K
Net Change In Cash 130.0K 430.0K -730.0K
YoY Change -117.81% 437.5% 121.21%
FREE CASH FLOW
Cash From Operating Activities $1.520M -$950.0K -$680.0K
Capital Expenditures $0.00 $0.00 -$10.00K
Free Cash Flow $1.520M -$950.0K -$670.0K
YoY Change -326.87% -531.82% 318.75%

Facts In Submission

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CY2015Q2 jlwt Non Interest Bearing Notes Payable Related Parties Net Of Imputed Interest
NonInterestBearingNotesPayableRelatedPartiesNetOfImputedInterest
1393812 USD
CY2014Q3 jlwt Non Interest Bearing Notes Payable Related Parties Net Of Imputed Interest
NonInterestBearingNotesPayableRelatedPartiesNetOfImputedInterest
1332472 USD
CY2015Q2 us-gaap Loans Payable To Bank Current
LoansPayableToBankCurrent
488595 USD
CY2014Q3 us-gaap Loans Payable To Bank Current
LoansPayableToBankCurrent
467068 USD
CY2015Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
472199 USD
CY2015Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
433018 USD
CY2014Q2 us-gaap Disposal Group Including Discontinued Operation Revenue
DisposalGroupIncludingDiscontinuedOperationRevenue
0 USD
CY2014Q2 us-gaap Disposal Group Including Discontinued Operation Costs Of Goods Sold
DisposalGroupIncludingDiscontinuedOperationCostsOfGoodsSold
339 USD
CY2014Q2 us-gaap Disposal Group Including Discontinued Operation General And Administrative Expense
DisposalGroupIncludingDiscontinuedOperationGeneralAndAdministrativeExpense
25661 USD
CY2014Q2 us-gaap Disposal Group Including Discontinued Operation Depreciation And Amortization
DisposalGroupIncludingDiscontinuedOperationDepreciationAndAmortization
0 USD
CY2014Q2 us-gaap Disposal Group Including Discontinued Operation Operating Expense
DisposalGroupIncludingDiscontinuedOperationOperatingExpense
25322 USD
CY2015Q2 us-gaap Disposal Group Including Discontinued Operation Revenue
DisposalGroupIncludingDiscontinuedOperationRevenue
0 USD
CY2015Q2 us-gaap Disposal Group Including Discontinued Operation General And Administrative Expense
DisposalGroupIncludingDiscontinuedOperationGeneralAndAdministrativeExpense
45778 USD
CY2015Q2 us-gaap Disposal Group Including Discontinued Operation Depreciation And Amortization
DisposalGroupIncludingDiscontinuedOperationDepreciationAndAmortization
0 USD
CY2015Q2 us-gaap Disposal Group Including Discontinued Operation Operating Expense
DisposalGroupIncludingDiscontinuedOperationOperatingExpense
45778 USD
us-gaap Disposal Group Including Discontinued Operation Revenue
DisposalGroupIncludingDiscontinuedOperationRevenue
0 USD
us-gaap Disposal Group Including Discontinued Operation Revenue
DisposalGroupIncludingDiscontinuedOperationRevenue
0 USD
us-gaap Disposal Group Including Discontinued Operation Costs Of Goods Sold
DisposalGroupIncludingDiscontinuedOperationCostsOfGoodsSold
0 USD
us-gaap Disposal Group Including Discontinued Operation Costs Of Goods Sold
DisposalGroupIncludingDiscontinuedOperationCostsOfGoodsSold
28223 USD
us-gaap Disposal Group Including Discontinued Operation General And Administrative Expense
DisposalGroupIncludingDiscontinuedOperationGeneralAndAdministrativeExpense
128129 USD
us-gaap Disposal Group Including Discontinued Operation General And Administrative Expense
DisposalGroupIncludingDiscontinuedOperationGeneralAndAdministrativeExpense
78475 USD
us-gaap Disposal Group Including Discontinued Operation Depreciation And Amortization
DisposalGroupIncludingDiscontinuedOperationDepreciationAndAmortization
0 USD
us-gaap Disposal Group Including Discontinued Operation Depreciation And Amortization
DisposalGroupIncludingDiscontinuedOperationDepreciationAndAmortization
0 USD
us-gaap Disposal Group Including Discontinued Operation Operating Expense
DisposalGroupIncludingDiscontinuedOperationOperatingExpense
128129 USD
us-gaap Disposal Group Including Discontinued Operation Operating Expense
DisposalGroupIncludingDiscontinuedOperationOperatingExpense
50252 USD
CY2014Q3 jlwt Employment Agreement Annual Salary
EmploymentAgreementAnnualSalary
200000 USD
CY2014Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
2000000 shares
CY2014Q3 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
0.0849
CY2014Q3 us-gaap Business Combination Consideration Transferred1
BusinessCombinationConsiderationTransferred1
5691245 USD
CY2014Q3 us-gaap Line Of Credit Facility Current Borrowing Capacity
LineOfCreditFacilityCurrentBorrowingCapacity
3500000 USD
CY2015Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
168629 USD
CY2014Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
4500000 shares
CY2015Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
559926 shares
CY2015Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
559926 shares
CY2014Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
554211 shares
CY2014Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
554211 shares
CY2014Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
157999 USD
CY2015Q2 jlwt Imputed Interes Trelated Party Debt Current
ImputedInteresTrelatedPartyDebtCurrent
11405 USD
CY2014Q3 jlwt Imputed Interes Trelated Party Debt Current
ImputedInteresTrelatedPartyDebtCurrent
32932 USD
CY2015Q2 jlwt Imputed Interest Related Party Debt Noncurrent
ImputedInterestRelatedPartyDebtNoncurrent
94783 USD
CY2014Q3 jlwt Imputed Interest Related Party Debt Noncurrent
ImputedInterestRelatedPartyDebtNoncurrent
134596 USD
CY2015Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2014Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2015Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
100000 shares
CY2014Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
100000 shares
CY2015Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2014Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2015Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
4500000 shares
CY2014Q3 us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
4358773 USD
CY2015Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
7184069 USD
CY2015Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
6926795 USD
CY2015Q2 us-gaap Long Term Loans From Bank
LongTermLoansFromBank
905217 USD
CY2014Q3 us-gaap Long Term Loans From Bank
LongTermLoansFromBank
865404 USD
CY2015Q2 us-gaap Long Term Debt
LongTermDebt
1393812 USD
CY2015Q2 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
488595 USD

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