2017 Q3 Form 10-Q Financial Statement

#000114420417040627 Filed on August 04, 2017

View on sec.gov

Income Statement

Concept 2017 Q3 2017 Q2 2016 Q3
Revenue $2.990M $15.26M $18.61M
YoY Change -83.93% -12.82% -32.47%
Cost Of Revenue -$1.790M $15.45M $14.10M
YoY Change -112.7% 17.76% -41.1%
Gross Profit $4.780M $4.802M $4.510M
YoY Change 5.99% 9.46% 24.59%
Gross Profit Margin 159.87% 31.46% 24.23%
Selling, General & Admin $4.010M $3.987M $3.340M
YoY Change 20.06% 15.2% 9.87%
% of Gross Profit 83.89% 83.03% 74.06%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $210.0K $230.0K $210.0K
YoY Change 0.0% 0.0% 133.33%
% of Gross Profit 4.39% 4.79% 4.66%
Operating Expenses $4.200M $14.64M $3.540M
YoY Change 18.64% -12.75% 26.43%
Operating Profit $580.0K $619.0K $970.0K
YoY Change -40.21% -14.33% 18.29%
Interest Expense -$170.0K -$184.0K -$200.0K
YoY Change -15.0% -7.95% 53.85%
% of Operating Profit -29.31% -29.73% -20.62%
Other Income/Expense, Net
YoY Change
Pretax Income $410.0K $435.0K $770.0K
YoY Change -46.75% -16.77% 11.59%
Income Tax $140.0K $169.0K -$2.250M
% Of Pretax Income 34.15% 38.85% -292.21%
Net Earnings $160.0K $257.0K $3.010M
YoY Change -94.68% -42.77% 568.89%
Net Earnings / Revenue 5.35% 1.68% 16.17%
Basic Earnings Per Share $0.23
Diluted Earnings Per Share $137.9K $0.21 $4.778M
COMMON SHARES
Basic Shares Outstanding 554.0K shares 554.0K
Diluted Shares Outstanding 626.0K

Balance Sheet

Concept 2017 Q3 2017 Q2 2016 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $990.0K $1.890M $970.0K
YoY Change 2.06% 225.86% 3.19%
Cash & Equivalents $988.0K $1.890M $965.1K
Short-Term Investments
Other Short-Term Assets $330.0K $310.0K $230.0K
YoY Change 43.48% 19.23% 15.0%
Inventory $350.0K $332.4K $356.9K
Prepaid Expenses
Receivables $14.98M $14.03M $12.35M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $16.65M $15.86M $13.91M
YoY Change 19.68% 27.96% -2.24%
LONG-TERM ASSETS
Property, Plant & Equipment $393.0K $338.2K $287.4K
YoY Change 36.75% 59.41% 270.87%
Goodwill $9.745M $9.102M $8.443M
YoY Change 15.41% 531.73%
Intangibles $11.85M $12.04M $12.37M
YoY Change -4.24% 135.14%
Long-Term Investments
YoY Change
Other Assets $21.71M $21.85M $21.76M
YoY Change -0.24% 3.3% 131.36%
Total Long-Term Assets $22.10M $22.19M $22.05M
YoY Change 0.24% 3.86% 132.5%
TOTAL ASSETS
Total Short-Term Assets $16.65M $15.86M $13.91M
Total Long-Term Assets $22.10M $22.19M $22.05M
Total Assets $38.75M $38.05M $35.96M
YoY Change 7.76% 12.71% 51.65%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $13.33M $12.34M $10.00M
YoY Change 33.3% 20.74% -15.97%
Accrued Expenses $1.572M $1.832M $1.255M
YoY Change 25.27% 20.0% 104.44%
Deferred Revenue
YoY Change
Short-Term Debt $6.140M $6.670M $6.500M
YoY Change -5.54% 3.25% 8.7%
Long-Term Debt Due $857.0K $857.1K $857.1K
YoY Change -0.02% 78.57%
Total Short-Term Liabilities $23.52M $22.49M $19.03M
YoY Change 23.58% 25.57% -1.09%
LONG-TERM LIABILITIES
Long-Term Debt $3.003M $3.640M $4.617M
YoY Change -34.95% -27.2%
Other Long-Term Liabilities $79.00K $80.00K
YoY Change -1.25% 0.0%
Total Long-Term Liabilities $4.010M $3.719M $5.166M
YoY Change -22.38% -46.33% 417.96%
TOTAL LIABILITIES
Total Short-Term Liabilities $23.52M $22.49M $19.03M
Total Long-Term Liabilities $4.010M $3.719M $5.166M
Total Liabilities $27.53M $26.21M $24.20M
YoY Change 13.77% 5.51% 19.57%
SHAREHOLDERS EQUITY
Retained Earnings -$854.0K -$1.701M -$2.162M
YoY Change -60.5% -65.45% -56.43%
Common Stock $1.000K $574.00
YoY Change 74.22% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $240.0K $240.0K $0.00
YoY Change
Treasury Stock Shares $20.00K 20.00K shares 20.00K shares
Shareholders Equity $11.22M $10.77M $10.76M
YoY Change
Total Liabilities & Shareholders Equity $38.75M $38.81M $35.96M
YoY Change 7.76% 14.95% 51.65%

Cashflow Statement

Concept 2017 Q3 2017 Q2 2016 Q3
OPERATING ACTIVITIES
Net Income $160.0K $257.0K $3.010M
YoY Change -94.68% -42.77% 568.89%
Depreciation, Depletion And Amortization $210.0K $230.0K $210.0K
YoY Change 0.0% 0.0% 133.33%
Cash From Operating Activities -$280.0K $1.640M $480.0K
YoY Change -158.33% -382.76% 1500.0%
INVESTING ACTIVITIES
Capital Expenditures -$80.00K -$10.00K -$100.0K
YoY Change -20.0% -50.0% -433.33%
Acquisitions
YoY Change
Other Investing Activities $0.00 $20.00K $0.00
YoY Change -100.0%
Cash From Investing Activities -$80.00K $10.00K -$100.0K
YoY Change -20.0% -150.0% -95.98%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -530.0K -530.0K 0.000
YoY Change -983.33% -100.0%
NET CHANGE
Cash From Operating Activities -280.0K 1.640M 480.0K
Cash From Investing Activities -80.00K 10.00K -100.0K
Cash From Financing Activities -530.0K -530.0K 0.000
Net Change In Cash -890.0K 1.120M 380.0K
YoY Change -334.21% -307.41% -37.7%
FREE CASH FLOW
Cash From Operating Activities -$280.0K $1.640M $480.0K
Capital Expenditures -$80.00K -$10.00K -$100.0K
Free Cash Flow -$200.0K $1.650M $580.0K
YoY Change -134.48% -394.64% 3188583720550401000.0%

Facts In Submission

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us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-11042213 USD
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
11250 USD
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
11250 USD
us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
-1032951 USD
us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
5479229 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-1784201 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
9820642 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
924353 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-366846 USD
CY2015Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
942748 USD
CY2016Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
575901 USD
us-gaap Interest Paid
InterestPaid
545281 USD
us-gaap Interest Paid
InterestPaid
476665 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
145470 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
75181 USD
janl Dividends Declared To Preferred Stockholders
DividendsDeclaredToPreferredStockholders
371868 USD
janl Dividends Declared To Preferred Stockholders
DividendsDeclaredToPreferredStockholders
262165 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
0 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
-184845 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
341 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
49397 USD
us-gaap Payments To Acquire Businesses And Interest In Affiliates
PaymentsToAcquireBusinessesAndInterestInAffiliates
10734663 USD
us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
0 USD
us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
4352663 USD
CY2016Q1 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Cash And Equivalents
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCashAndEquivalents
377653 USD
CY2016Q1 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Assets Receivables
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsReceivables
620632 USD
CY2016Q1 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Inventory
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedInventory
372212 USD
CY2016Q1 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Assets Prepaid Expense And Other Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsPrepaidExpenseAndOtherAssets
109333 USD
CY2016Q1 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Property Plant And Equipment
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment
155050 USD
CY2016Q1 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities Accounts Payable
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesAccountsPayable
1690202 USD
CY2016Q1 us-gaap Due To Related Parties Current
DueToRelatedPartiesCurrent
129258 USD
CY2016Q1 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Intangible Assets Other Than Goodwill
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleAssetsOtherThanGoodwill
7700000 USD
CY2016Q1 us-gaap Goodwill
Goodwill
4402838 USD
CY2016Q1 us-gaap Business Combination Acquisition Of Less Than100 Percent Noncontrolling Interest Fair Value
BusinessCombinationAcquisitionOfLessThan100PercentNoncontrollingInterestFairValue
918258 USD
CY2016Q1 us-gaap Business Combination Recognized Identifiable Assets Acquired Goodwill And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredGoodwillAndLiabilitiesAssumedNet
11000000 USD
CY2017Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
1478229 USD
CY2016Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
906734 USD
CY2017Q2 us-gaap Notes Payable Related Parties Current And Noncurrent
NotesPayableRelatedPartiesCurrentAndNoncurrent
492635 USD
CY2016Q3 us-gaap Notes Payable Related Parties Current And Noncurrent
NotesPayableRelatedPartiesCurrentAndNoncurrent
971108 USD
CY2017Q2 us-gaap Gross Profit
GrossProfit
4801639 USD
CY2017Q2 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
5510 USD
us-gaap Gross Profit
GrossProfit
13244757 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
136118 USD
CY2016Q2 us-gaap Gross Profit
GrossProfit
4386727 USD
CY2016Q2 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
19797 USD
us-gaap Gross Profit
GrossProfit
11289820 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
307550 USD
CY2016Q2 us-gaap Assets
Assets
33761934 USD
CY2017Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
3640179 USD
CY2016Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
4616540 USD
CY2016Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
230000 USD
CY2016Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2017Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2016Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
100000 shares
CY2017Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
100000 shares
CY2017Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
242270 USD
CY2017Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
4500000 shares
CY2016Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
573951 shares
CY2017Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
573951 shares
CY2016Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
573951 shares
CY2017Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
573951 shares
CY2017Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.42
CY2016Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.78
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.77
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.87
CY2017Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0
CY2016Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
-0.32
CY2017Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.19
CY2016Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.51
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.11
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.06
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
2828686 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
854725 USD
us-gaap Payments To Acquire Businesses And Interest In Affiliates
PaymentsToAcquireBusinessesAndInterestInAffiliates
100000 USD
CY2017Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
13520000 USD
CY2016Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
13280000 USD
CY2017Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
12041771 USD
CY2016Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
12373266 USD
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
173143 USD
us-gaap Cash Acquired From Acquisition
CashAcquiredFromAcquisition
115986 USD
us-gaap Cash Acquired From Acquisition
CashAcquiredFromAcquisition
0 USD
janl Repayments Of Related Party Loans Payable
RepaymentsOfRelatedPartyLoansPayable
500000 USD
janl Repayments Of Related Party Loans Payable
RepaymentsOfRelatedPartyLoansPayable
0 USD
CY2017Q2 us-gaap Other Notes Payable Current
OtherNotesPayableCurrent
0 USD
CY2016Q3 us-gaap Other Notes Payable Current
OtherNotesPayableCurrent
0 USD
CY2016Q3 us-gaap Treasury Stock Shares
TreasuryStockShares
20000 shares
CY2017Q2 us-gaap Treasury Stock Shares
TreasuryStockShares
20000 shares
us-gaap Payments For Repurchase Of Equity
PaymentsForRepurchaseOfEquity
240000 USD
us-gaap Payments For Repurchase Of Equity
PaymentsForRepurchaseOfEquity
0 USD
CY2017Q2 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2016Q3 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2017Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
0 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
0 USD
us-gaap Noncash Or Part Noncash Acquisition Intangible Assets Acquired1
NoncashOrPartNoncashAcquisitionIntangibleAssetsAcquired1
898381 USD
us-gaap Noncash Or Part Noncash Acquisition Intangible Assets Acquired1
NoncashOrPartNoncashAcquisitionIntangibleAssetsAcquired1
12102838 USD

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