2016 Form 10-K Financial Statement
#000121716016000703 Filed on November 02, 2016
Income Statement
| Concept | 2016 | 2015 |
|---|---|---|
| Revenue | $48.11M | $42.24M |
| YoY Change | 13.9% | -0.24% |
| Cost Of Revenue | $38.37M | $33.82M |
| YoY Change | 13.45% | -0.41% |
| Gross Profit | $9.740M | $8.420M |
| YoY Change | 15.68% | 0.48% |
| Gross Profit Margin | 20.25% | 19.93% |
| Selling, General & Admin | $5.850M | $5.210M |
| YoY Change | 12.28% | 3.78% |
| % of Gross Profit | 60.06% | 61.88% |
| Research & Development | ||
| YoY Change | ||
| % of Gross Profit | ||
| Depreciation & Amortization | $280.0K | $280.0K |
| YoY Change | 0.0% | 0.0% |
| % of Gross Profit | 2.87% | 3.33% |
| Operating Expenses | $6.120M | $5.490M |
| YoY Change | 11.48% | 3.78% |
| Operating Profit | $3.620M | $2.930M |
| YoY Change | 23.55% | -5.18% |
| Interest Expense | $20.00K | $30.00K |
| YoY Change | -33.33% | 0.0% |
| % of Operating Profit | 0.55% | 1.02% |
| Other Income/Expense, Net | ||
| YoY Change | ||
| Pretax Income | $3.520M | $2.960M |
| YoY Change | 18.92% | -5.13% |
| Income Tax | $1.395M | $1.208M |
| % Of Pretax Income | 39.62% | 40.82% |
| Net Earnings | $2.130M | $1.770M |
| YoY Change | 20.34% | -4.84% |
| Net Earnings / Revenue | 4.43% | 4.19% |
| Basic Earnings Per Share | ||
| Diluted Earnings Per Share | $437.4K | $343.0K |
| COMMON SHARES | ||
| Basic Shares Outstanding | ||
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2016 | 2015 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $4.520M | $4.420M |
| YoY Change | 2.26% | 2.08% |
| Cash & Equivalents | $4.520M | $4.420M |
| Short-Term Investments | ||
| Other Short-Term Assets | $830.0K | $750.0K |
| YoY Change | 10.67% | -42.75% |
| Inventory | $8.070M | $8.350M |
| Prepaid Expenses | ||
| Receivables | $3.340M | $3.690M |
| Other Receivables | $0.00 | $0.00 |
| Total Short-Term Assets | $16.76M | $17.20M |
| YoY Change | -2.56% | -0.29% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $2.950M | $2.230M |
| YoY Change | 32.29% | 3.72% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | ||
| YoY Change | ||
| Total Long-Term Assets | $3.110M | $2.460M |
| YoY Change | 26.42% | 0.82% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $16.76M | $17.20M |
| Total Long-Term Assets | $3.110M | $2.460M |
| Total Assets | $19.87M | $19.66M |
| YoY Change | 1.07% | -0.15% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $840.0K | $980.0K |
| YoY Change | -14.29% | 308.33% |
| Accrued Expenses | $1.470M | $1.020M |
| YoY Change | 44.12% | -4.67% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | ||
| YoY Change | ||
| Total Short-Term Liabilities | $2.310M | $2.100M |
| YoY Change | 10.0% | 46.85% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Other Long-Term Liabilities | $0.00 | |
| YoY Change | ||
| Total Long-Term Liabilities | $0.00 | $0.00 |
| YoY Change | ||
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $2.310M | $2.100M |
| Total Long-Term Liabilities | $0.00 | $0.00 |
| Total Liabilities | $2.350M | $2.130M |
| YoY Change | 10.33% | 42.95% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | ||
| YoY Change | ||
| Common Stock | ||
| YoY Change | ||
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | $17.52M | $17.52M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $19.87M | $19.66M |
| YoY Change | 1.07% | -0.15% |
Cashflow Statement
| Concept | 2016 | 2015 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | $2.130M | $1.770M |
| YoY Change | 20.34% | -4.84% |
| Depreciation, Depletion And Amortization | $280.0K | $280.0K |
| YoY Change | 0.0% | 0.0% |
| Cash From Operating Activities | $3.150M | $2.830M |
| YoY Change | 11.31% | 644.74% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | -$930.0K | -$290.0K |
| YoY Change | 220.69% | 163.64% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | $10.00K | |
| YoY Change | ||
| Cash From Investing Activities | -$920.0K | -$290.0K |
| YoY Change | 217.24% | 163.64% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | -2.120M | -2.450M |
| YoY Change | -13.47% | -42.49% |
| NET CHANGE | ||
| Cash From Operating Activities | 3.150M | 2.830M |
| Cash From Investing Activities | -920.0K | -290.0K |
| Cash From Financing Activities | -2.120M | -2.450M |
| Net Change In Cash | 110.0K | 90.00K |
| YoY Change | 22.22% | -102.26% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | $3.150M | $2.830M |
| Capital Expenditures | -$930.0K | -$290.0K |
| Free Cash Flow | $4.080M | $3.120M |
| YoY Change | 30.77% | 536.73% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2016 | us-gaap |
Litigation Settlement Expense
LitigationSettlementExpense
|
-115990 | USD |
| CY2015 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
688270 | USD |
| CY2016Q3 | us-gaap |
Litigation Reserve
LitigationReserve
|
USD | |
| CY2015 | us-gaap |
Litigation Settlement Expense
LitigationSettlementExpense
|
USD | |
| CY2016 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
1394794 | USD |
| CY2015 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
1208277 | USD |
| CY2016 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-2947 | USD |
