2022 Q1 Form 10-Q Financial Statement
#000149315222012947 Filed on May 12, 2022
Income Statement
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| Revenue | $8.966M | |
| YoY Change | ||
| Cost Of Revenue | ||
| YoY Change | ||
| Gross Profit | ||
| YoY Change | ||
| Gross Profit Margin | ||
| Selling, General & Admin | ||
| YoY Change | ||
| % of Gross Profit | ||
| Research & Development | ||
| YoY Change | ||
| % of Gross Profit | ||
| Depreciation & Amortization | $596.0K | $690.0K |
| YoY Change | -13.62% | 30.19% |
| % of Gross Profit | ||
| Operating Expenses | ||
| YoY Change | ||
| Operating Profit | ||
| YoY Change | ||
| Interest Expense | $321.0K | |
| YoY Change | ||
| % of Operating Profit | ||
| Other Income/Expense, Net | ||
| YoY Change | ||
| Pretax Income | $3.870M | $6.740M |
| YoY Change | -42.58% | 62.41% |
| Income Tax | $737.0K | $1.380M |
| % Of Pretax Income | 19.04% | 20.47% |
| Net Earnings | $3.133M | $5.370M |
| YoY Change | -41.66% | 59.82% |
| Net Earnings / Revenue | 34.94% | |
| Basic Earnings Per Share | $0.63 | $1.08 |
| Diluted Earnings Per Share | $0.62 | $1.08 |
| COMMON SHARES | ||
| Basic Shares Outstanding | 4.997B shares | 4.991B shares |
| Diluted Shares Outstanding | 5.017B shares | 4.997B shares |
Balance Sheet
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | ||
| YoY Change | ||
| Cash & Equivalents | $106.3M | |
| Short-Term Investments | ||
| Other Short-Term Assets | ||
| YoY Change | ||
| Inventory | ||
| Prepaid Expenses | ||
| Receivables | ||
| Other Receivables | ||
| Total Short-Term Assets | ||
| YoY Change | ||
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $20.92M | $20.30M |
| YoY Change | 3.05% | -3.33% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | ||
| YoY Change | ||
| Total Long-Term Assets | ||
| YoY Change | ||
| TOTAL ASSETS | ||
| Total Short-Term Assets | ||
| Total Long-Term Assets | ||
| Total Assets | $1.306B | $1.249B |
| YoY Change | 4.61% | 26.27% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | ||
| YoY Change | ||
| Accrued Expenses | ||
| YoY Change | ||
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | ||
| YoY Change | ||
| Long-Term Debt Due | ||
| YoY Change | ||
| Total Short-Term Liabilities | ||
| YoY Change | ||
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $28.66M | $25.80M |
| YoY Change | 11.07% | -16.5% |
| Other Long-Term Liabilities | $14.70M | $23.50M |
| YoY Change | -37.44% | 41.57% |
| Total Long-Term Liabilities | $43.36M | $49.30M |
| YoY Change | -12.06% | 3.79% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | ||
| Total Long-Term Liabilities | $43.36M | $49.30M |
| Total Liabilities | $1.183B | $1.121B |
| YoY Change | 5.56% | 27.65% |
| 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 | $123.5M | $128.3M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $1.306B | $1.249B |
| YoY Change | 4.61% | 26.27% |
Cashflow Statement
| Concept | 2022 Q1 | 2021 Q1 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | $3.133M | $5.370M |
| YoY Change | -41.66% | 59.82% |
| Depreciation, Depletion And Amortization | $596.0K | $690.0K |
| YoY Change | -13.62% | 30.19% |
| Cash From Operating Activities | $2.591M | $6.910M |
| YoY Change | -62.5% | 44.56% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | -$396.0K | -$70.00K |
| YoY Change | 465.71% | -41.67% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | -$74.73M | -$34.59M |
| YoY Change | 116.03% | -218.26% |
| Cash From Investing Activities | -$75.12M | -$34.66M |
| YoY Change | 116.74% | -218.98% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | $0.00 | |
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | -10.36M | 52.08M |
| YoY Change | -119.9% | -376.73% |
| NET CHANGE | ||
| Cash From Operating Activities | 2.591M | 6.910M |
| Cash From Investing Activities | -75.12M | -34.66M |
| Cash From Financing Activities | -10.36M | 52.08M |
| Net Change In Cash | -82.89M | 24.33M |
| YoY Change | -440.71% | 61.23% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | $2.591M | $6.910M |
| Capital Expenditures | -$396.0K | -$70.00K |
| Free Cash Flow | $2.987M | $6.980M |
| YoY Change | -57.21% | 42.45% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2022Q1 | us-gaap |
Debt And Equity Securities Gain Loss
DebtAndEquitySecuritiesGainLoss
|
USD | |
| CY2022Q1 | us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax
|
USD | |
| CY2022Q1 | us-gaap |
Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
|
USD | |
| CY2022Q1 | us-gaap |
Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
|
USD | |
| CY2022Q1 | us-gaap |
Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
|
USD | |
| CY2022Q1 | us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
USD | |
| CY2022Q1 | LARK |
Investment Securities Purchases Not Yet Settled
InvestmentSecuritiesPurchasesNotYetSettled
|
USD | |
| CY2022Q1 | us-gaap |
Payments For Proceeds From Availableforsale Securities Shortterm
PaymentsForProceedsFromAvailableforsaleSecuritiesShortterm
|
USD | |
| CY2022Q1 | us-gaap |
Debt Securities Available For Sale Realized Gain
DebtSecuritiesAvailableForSaleRealizedGain
|
USD | |
| CY2022Q1 | us-gaap |
Debt Securities Available For Sale Realized Loss
DebtSecuritiesAvailableForSaleRealizedLoss
|
USD | |
| CY2021Q1 | us-gaap |
Debt Securities Available For Sale Realized Loss
DebtSecuritiesAvailableForSaleRealizedLoss
|
USD | |
| CY2022Q1 | us-gaap |
Debt Securities Available For Sale Realized Gain Loss
DebtSecuritiesAvailableForSaleRealizedGainLoss
|
USD | |
| CY2022Q1 | us-gaap |
Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
|
USD | |
| CY2022Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.63 | |
| CY2021Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
1.08 | |
| CY2022Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.62 | |
| CY2021Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
1.08 | |
| CY2022Q1 | LARK |
Dividends Amount Per Share
DividendsAmountPerShare
|
0.21 | |
| CY2021Q1 | LARK |
Dividends Amount Per Share
DividendsAmountPerShare
|
0.19 | |
| CY2022Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
4997459000 | shares |
| CY2021Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
4990507000 | shares |
| CY2022Q1 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
19596000 | shares |
| CY2021Q1 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
6966000 | shares |
| CY2022Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
5017055000 | shares |
| CY2021Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
4997473000 | shares |
| CY2022Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.63 | |
| CY2021Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
1.08 | |
| CY2022Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.62 | |
| CY2021Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
1.08 | |
| CY2022Q1 | us-gaap |
Loan Portfolio Expense
LoanPortfolioExpense
|
454000 | USD |
| CY2021Q1 | us-gaap |
Loan Portfolio Expense
LoanPortfolioExpense
|
431000 | USD |
| CY2022Q1 | us-gaap |
Lease Income
LeaseIncome
|
33000 | USD |
| CY2021Q1 | us-gaap |
Lease Income
LeaseIncome
|
166000 | USD |
| CY2022Q1 | us-gaap |
Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
|
905000 | USD |
| CY2021Q1 | us-gaap |
Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
|
3140000 | USD |
| CY2022Q1 | us-gaap |
Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
|
187000 | USD |
| CY2021Q1 | us-gaap |
Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
|
148000 | USD |
| CY2021Q1 | us-gaap |
Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
|
1075000 | USD |
