2020 Q1 Form 10-K Financial Statement

#000106299320001476 Filed on March 24, 2020

View on sec.gov

Income Statement

Concept 2020 Q1 2019 Q4 2018 Q4
Revenue $7.542M $7.300M $5.514M
YoY Change 23.82% 32.39% 2.88%
Cost Of Revenue $4.018M $4.283M $3.059M
YoY Change 24.45% 39.99% -1.62%
Gross Profit $3.523M $3.017M $2.455M
YoY Change 23.11% 22.91% 9.11%
Gross Profit Margin 46.72% 41.33% 44.52%
Selling, General & Admin $2.453M $2.270M $2.027M
YoY Change 5.47% 12.0% 1.84%
% of Gross Profit 69.61% 75.22% 82.55%
Research & Development $388.2K $427.6K $353.5K
YoY Change 14.14% 20.96% -9.36%
% of Gross Profit 11.02% 14.17% 14.4%
Depreciation & Amortization $192.1K $190.5K $193.3K
YoY Change 1.24% -1.46% 20.84%
% of Gross Profit 5.45% 6.31% 7.88%
Operating Expenses $388.2K $2.874M $2.583M
YoY Change -86.36% 11.29% 2.09%
Operating Profit $3.135M $143.0K -$128.0K
YoY Change 20338.37% -211.71% -54.29%
Interest Expense -$8.630K -$34.26K $47.44K
YoY Change 185.76% -172.22%
% of Operating Profit -0.28% -23.96%
Other Income/Expense, Net
YoY Change
Pretax Income $483.3K $67.20K -$80.54K
YoY Change 3822.56% -183.44% -72.23%
Income Tax $120.8K $95.19K -$79.67K
% Of Pretax Income 25.0% 141.65%
Net Earnings $362.4K -$27.99K -$860.00
YoY Change 3823.45% 3154.65% -99.22%
Net Earnings / Revenue 4.81% -0.38% -0.02%
Basic Earnings Per Share
Diluted Earnings Per Share $65.48K -$5.196K -$159.30
COMMON SHARES
Basic Shares Outstanding 5.387M shares 5.387M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2020 Q1 2019 Q4 2018 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.503M $2.131M $1.768M
YoY Change -6.86% 20.53% 11.91%
Cash & Equivalents $1.445M $2.073M $1.710M
Short-Term Investments $58.25K $58.24K $58.23K
Other Short-Term Assets $2.219M $1.577M $1.721M
YoY Change 121.76% -8.37% 22.02%
Inventory $7.137M $8.655M $4.815M
Prepaid Expenses $447.5K $473.3K
Receivables $3.514M $2.956M $2.049M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $14.37M $15.32M $10.35M
YoY Change 24.96% 47.96% -2.05%
LONG-TERM ASSETS
Property, Plant & Equipment $2.592M $2.431M $2.317M
YoY Change -5.56% 4.9% 9.83%
Goodwill
YoY Change
Intangibles $40.47K
YoY Change
Long-Term Investments
YoY Change
Other Assets $25.23K $26.64K $25.38K
YoY Change -0.51% 4.97% -15.4%
Total Long-Term Assets $25.23K $26.64K $65.85K
YoY Change -99.1% -59.54% -97.03%
TOTAL ASSETS
Total Short-Term Assets $14.37M $15.32M $10.35M
Total Long-Term Assets $25.23K $26.64K $65.85K
Total Assets $16.99M $18.19M $12.74M
YoY Change 18.71% 42.81% -0.42%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.031M $5.426M $2.779M
YoY Change 3.14% 95.23% -37.26%
Accrued Expenses $170.0K $190.8K $0.00
YoY Change -0.94%
Deferred Revenue
YoY Change
Short-Term Debt $945.8K $576.5K $582.1K
YoY Change 146.27% -0.97% 11.95%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $5.791M $7.086M $3.432M
YoY Change 28.32% 106.48% -30.68%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $361.8K $381.2K $80.00K
YoY Change -6.35% 376.49%
Total Long-Term Liabilities $361.8K $381.2K $80.00K
YoY Change -6.35% 376.49%
TOTAL LIABILITIES
Total Short-Term Liabilities $5.791M $7.086M $3.432M
Total Long-Term Liabilities $361.8K $381.2K $80.00K
Total Liabilities $6.153M $7.467M $3.682M
YoY Change 21.35% 102.77% -26.2%
SHAREHOLDERS EQUITY
Retained Earnings $3.038M $1.662M
YoY Change 82.77%
Common Stock $130.1K $130.1K $130.1K
YoY Change 0.01%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $10.84M $10.72M $9.054M
YoY Change
Total Liabilities & Shareholders Equity $16.99M $18.19M $12.74M
YoY Change 18.71% 42.81% -0.42%

Cashflow Statement

Concept 2020 Q1 2019 Q4 2018 Q4
OPERATING ACTIVITIES
Net Income $362.4K -$27.99K -$860.00
YoY Change 3823.45% 3154.65% -99.22%
Depreciation, Depletion And Amortization $192.1K $190.5K $193.3K
YoY Change 1.24% -1.46% 20.84%
Cash From Operating Activities -$383.9K -$152.0K -$96.65K
YoY Change -302.54% 57.31% 93.3%
INVESTING ACTIVITIES
Capital Expenditures -$89.90K -$257.8K -$402.3K
YoY Change -43.94% -35.91% 101.13%
Acquisitions
YoY Change
Other Investing Activities $350.00 $1.080K $0.00
YoY Change
Cash From Investing Activities -$89.55K -$256.7K -$402.3K
YoY Change -44.15% -36.18% 101.13%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 69.36K 453.4K 517.8K
YoY Change -137.89% -12.45% 12.57%
NET CHANGE
Cash From Operating Activities -383.9K -152.0K -96.65K
Cash From Investing Activities -89.55K -256.7K -402.3K
Cash From Financing Activities 69.36K 453.4K 517.8K
Net Change In Cash -404.1K 44.59K 18.91K
YoY Change 162.64% 135.8% -91.0%
FREE CASH FLOW
Cash From Operating Activities -$383.9K -$152.0K -$96.65K
Capital Expenditures -$89.90K -$257.8K -$402.3K
Free Cash Flow -$294.0K $105.8K $305.6K
YoY Change -184.03% -65.39% 103.74%

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1.00
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26200 USD
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20800 USD
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27300 USD
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20800 USD
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32100 USD
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5900 USD
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200500 USD
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