2014 Form 10-K Financial Statement
#000114420415017617 Filed on March 23, 2015
Income Statement
Concept | 2014 | 2013 Q4 | 2013 |
---|---|---|---|
Revenue | $2.900M | $590.0K | $2.260M |
YoY Change | 28.34% | 13.46% | 24.45% |
Cost Of Revenue | |||
YoY Change | |||
Gross Profit | |||
YoY Change | |||
Gross Profit Margin | |||
Selling, General & Admin | $880.0K | $290.0K | $840.0K |
YoY Change | 4.76% | -9.38% | -2.33% |
% of Gross Profit | |||
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $0.00 | $0.00 | $0.00 |
YoY Change | |||
% of Gross Profit | |||
Operating Expenses | $880.0K | $280.0K | $840.0K |
YoY Change | 4.76% | -12.5% | -3.45% |
Operating Profit | $1.461M | $977.4K | |
YoY Change | 49.49% | 47.12% | |
Interest Expense | -$560.0K | -$120.0K | -$440.0K |
YoY Change | 27.27% | 33.33% | 57.14% |
% of Operating Profit | -38.33% | -45.02% | |
Other Income/Expense, Net | $21.20K | $10.00K | -$7.452K |
YoY Change | -384.45% | 0.0% | -127.05% |
Pretax Income | $1.482M | $150.0K | $970.0K |
YoY Change | 52.82% | 36.36% | 40.18% |
Income Tax | $27.84K | $90.00K | $387.0K |
% Of Pretax Income | 1.88% | 60.0% | 39.9% |
Net Earnings | $1.455M | $60.00K | $583.0K |
YoY Change | 149.5% | 100.0% | 50.01% |
Net Earnings / Revenue | 50.16% | 10.17% | 25.8% |
Basic Earnings Per Share | $0.29 | $0.14 | |
Diluted Earnings Per Share | $0.29 | $13.99K | $0.14 |
COMMON SHARES | |||
Basic Shares Outstanding | 5.029M shares | 4.269M shares | |
Diluted Shares Outstanding | 5.058M shares | 4.290M shares |
Balance Sheet
Concept | 2014 | 2013 Q4 | 2013 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $50.00K | $1.020M | $1.020M |
YoY Change | -95.1% | 325.0% | 325.0% |
Cash & Equivalents | $50.00K | $1.021M | $1.020M |
Short-Term Investments | |||
Other Short-Term Assets | $30.00K | $18.54K | $20.00K |
YoY Change | 50.0% | -1.92% | 0.0% |
Inventory | |||
Prepaid Expenses | |||
Receivables | |||
Other Receivables | |||
Total Short-Term Assets | $19.43M | $11.91M | $11.91M |
YoY Change | 63.14% | 4.07% | 4.11% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $20.00K | $0.00 | |
YoY Change | |||
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | $70.00K | $210.0K | $210.0K |
YoY Change | -66.67% | -16.0% | -16.0% |
Other Assets | $40.00K | $0.00 | $10.00K |
YoY Change | 300.0% | -100.0% | -80.0% |
Total Long-Term Assets | $5.010M | $4.215M | $4.210M |
YoY Change | 19.0% | 45.53% | 45.17% |
TOTAL ASSETS | |||
Total Short-Term Assets | $19.43M | $11.91M | $11.91M |
Total Long-Term Assets | $5.010M | $4.215M | $4.210M |
Total Assets | $24.44M | $16.12M | $16.12M |
YoY Change | 51.61% | 12.45% | 12.41% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $160.0K | $60.00K | $60.00K |
YoY Change | 166.67% | -14.29% | -14.29% |
Accrued Expenses | |||
YoY Change | |||
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $2.470M | $1.319M | $1.320M |
YoY Change | 87.12% | -5.72% | -30.53% |
Long-Term Debt Due | $7.700M | $5.350M | $5.350M |
YoY Change | 43.93% | 33.75% | 52.86% |
Total Short-Term Liabilities | $10.58M | $7.232M | $7.230M |
YoY Change | 46.33% | 23.4% | 23.38% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Other Long-Term Liabilities | |||
YoY Change | |||
Total Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
YoY Change | |||
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $10.58M | $7.232M | $7.230M |
Total Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
Total Liabilities | $10.58M | $7.230M | $7.230M |
YoY Change | 46.33% | 23.38% | 23.38% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$487.7K | ||
YoY Change | -48.26% | ||
Common Stock | $9.750M | ||
YoY Change | 0.6% | ||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | $369.3K | ||
YoY Change | 36.8% | ||
Treasury Stock Shares | 177.0K shares | ||
Shareholders Equity | $13.87M | $8.893M | $8.890M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $24.44M | $16.12M | $16.12M |
YoY Change | 51.61% | 12.45% | 12.41% |
Cashflow Statement
Concept | 2014 | 2013 Q4 | 2013 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | $1.455M | $60.00K | $583.0K |
YoY Change | 149.5% | 100.0% | 50.01% |
Depreciation, Depletion And Amortization | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Cash From Operating Activities | $1.280M | $240.0K | $790.0K |
YoY Change | 62.03% | 9.09% | 49.06% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $19.09K | $0.00 | |
YoY Change | |||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | -$9.190M | $710.0K | -$1.070M |
YoY Change | 758.88% | -175.53% | -74.58% |
Cash From Investing Activities | -$9.210M | $710.0K | -$1.070M |
YoY Change | 760.75% | -175.53% | -74.58% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | $853.5K | $128.0K | |
YoY Change | 566.69% | ||
Common Stock Issuance & Retirement, Net | $4.289M | ||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 6.960M | 10.00K | 1.070M |
YoY Change | 550.47% | -98.67% | -71.08% |
NET CHANGE | |||
Cash From Operating Activities | 1.280M | 240.0K | 790.0K |
Cash From Investing Activities | -9.210M | 710.0K | -1.070M |
Cash From Financing Activities | 6.960M | 10.00K | 1.070M |
Net Change In Cash | -970.0K | 960.0K | 790.0K |
YoY Change | -222.78% | 3100.0% | 3850.0% |
FREE CASH FLOW | |||
Cash From Operating Activities | $1.280M | $240.0K | $790.0K |
Capital Expenditures | $19.09K | $0.00 | |
Free Cash Flow | $1.261M | $790.0K | |
YoY Change | 59.61% |
Facts In Submission
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|
0 | USD |
CY2013 | us-gaap |
Payments For Repurchase Of Equity
PaymentsForRepurchaseOfEquity
|
99363 | USD |
CY2014 | us-gaap |
Repayments Of Notes Payable
RepaymentsOfNotesPayable
|
0 | USD |
CY2013 | us-gaap |
Repayments Of Notes Payable
RepaymentsOfNotesPayable
|
500000 | USD |
CY2014 | us-gaap |
Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
|
4288765 | USD |
CY2013 | us-gaap |
Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
|
0 | USD |
CY2014 | us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
853499 | USD |
CY2013 | us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
128020 | USD |
CY2014 | us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
32500 | USD |
CY2013 | us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
1065157 | USD |
CY2014 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
-973347 | USD |
CY2013 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
780330 | USD |
CY2012Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
240693 | USD |
CY2013 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
283084 | USD |
CY2013 | us-gaap |
Interest Paid
InterestPaid
|
400925 | USD |
CY2012Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
8478985 | USD |
CY2013 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
35578 | USD |
CY2013 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
22540 | USD |
CY2013 | us-gaap |
Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
|
99363 | USD |
CY2013 | us-gaap |
Dividends
Dividends
|
128020 | USD |
CY2014 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
28767 | USD |
CY2014 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
55230 | USD |
CY2014 | us-gaap |
Dividends
Dividends
|
853499 | USD |
CY2014Q4 | us-gaap |
Loans And Leases Receivable Gross Carrying Amount Commercial
LoansAndLeasesReceivableGrossCarryingAmountCommercial
|
24032476 | USD |
CY2013Q4 | us-gaap |
Loans And Leases Receivable Gross Carrying Amount Commercial
LoansAndLeasesReceivableGrossCarryingAmountCommercial
|
14694950 | USD |
CY2014Q4 | loan |
Jointly Funded Loans
JointlyFundedLoans
|
2665000 | USD |
CY2013Q4 | loan |
Jointly Funded Loans Total
JointlyFundedLoansTotal
|
2400000 | USD |
CY2013Q4 | loan |
Jointly Funded Loans
JointlyFundedLoans
|
1650000 | USD |
CY2014 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt" align="justify"><i><font style="COLOR: black; FONT-SIZE: 10pt">Use of Estimates</font></i></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt 45pt; size: 8.5in 11.0in" align="justify"><font style="COLOR: black; FONT-SIZE: 10pt">  </font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; size: 8.5in 11.0in" align="justify"><font style="COLOR: black; FONT-SIZE: 10pt">The preparation of financial statements in conformity with generally accepted accounting principles in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Management will base the use of estimates on (a) a preset number of assumptions that consider past experience, (b) future projections, and (c) general financial market condition. Actual amounts could differ from those estimates.</font></div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> | |
CY2011Q1 | loan |
Option Monthly Fee
OptionMonthlyFee
|
10530 | USD |
CY2011Q4 | loan |
Exercise Price Of Remaining Property
ExercisePriceOfRemainingProperty
|
146821 | USD |
CY2014 | us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt" align="justify"><i><font style="COLOR: black; FONT-SIZE: 10pt"> Concentrations of Credit Risk</font></i></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt; size: 8.5in 11.0in" align="justify"><i><font style="COLOR: black; FONT-SIZE: 10pt">  </font></i></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; size: 8.5in 11.0in" align="justify"><font style="COLOR: black; FONT-SIZE: 10pt"> Financial instruments that potentially subject the Company to concentrations of credit risk consist primarily of cash and cash equivalents and marketable securities. The Company maintains its cash and cash equivalents with one major financial institution. Accounts at the financial institution are insured by the Federal Deposit Insurance Corporation up to $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">250,000</font>.</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; size: 8.5in 11.0in" align="justify"><font style="COLOR: black; FONT-SIZE: 10pt">  </font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; size: 8.5in 11.0in" align="justify"><font style="COLOR: black; FONT-SIZE: 10pt">Credit risks associated with short term commercial loans the Company makes to small businesses and related interest receivable are described in Note 4 entitled Commercial Loans.</font></div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> | |
CY2011Q4 | loan |
Monthly Option Fee For Property After Partial Exercise Of Option
MonthlyOptionFeeForPropertyAfterPartialExerciseOfOption
|
2296 | USD |
CY2013 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
|
1.53 | |
CY2014 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
|
2.92 | |
CY2013 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue
|
1.51 | |
CY2014 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue
|
2.83 | |
CY2013Q4 | loan |
Commercial Loans Issued To Borrowers
CommercialLoansIssuedToBorrowers
|
3750950 | USD |
CY2013Q4 | loan |
Aggregate Percentage Of Commercial Loans Issued
AggregatePercentageOfCommercialLoansIssued
|
0.255 | pure |
CY2014Q4 | loan |
Jointly Funded Loans Total
JointlyFundedLoansTotal
|
5105000 | USD |
CY2014 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
29776 | shares |
CY2013 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
20649 | shares |
CY2014Q4 | us-gaap |
Cash Fdic Insured Amount
CashFDICInsuredAmount
|
250000 | USD |
CY2014 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
51224 | shares |
CY2013 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
262351 | shares |
CY2014 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
|
P15Y | |
CY2013Q4 | us-gaap |
Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
|
147000 | USD |
CY2013Q4 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
|
1.01 | |
CY2014Q4 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
|
1.01 | |
CY2014 | loan |
Sharebased Compensation Arrangement By Share Based Payment Award Options Non Vested Outstanding Weighted Average Remaining Contractual Term
SharebasedCompensationArrangementByShareBasedPaymentAwardOptionsNonVestedOutstandingWeightedAverageRemainingContractualTerm
|
P1Y10M17D | |
CY2012 | loan |
Sharebased Compensation Arrangement By Share Based Payment Award Options Non Vested Outstanding Weighted Average Remaining Contractual Term
SharebasedCompensationArrangementByShareBasedPaymentAwardOptionsNonVestedOutstandingWeightedAverageRemainingContractualTerm
|
P3Y10M17D | |
CY2013 | loan |
Sharebased Compensation Arrangement By Share Based Payment Award Options Non Vested Outstanding Weighted Average Remaining Contractual Term
SharebasedCompensationArrangementByShareBasedPaymentAwardOptionsNonVestedOutstandingWeightedAverageRemainingContractualTerm
|
P2Y10M17D | |
CY2013 | loan |
Share Based Compensation Arrangement By Share Based Payment Award Options Non Vested Grants In Period Weighted Average Remaining Contractual Term
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsNonVestedGrantsInPeriodWeightedAverageRemainingContractualTerm
|
P4Y6M | |
CY2011Q1 | us-gaap |
Payments To Acquire Buildings
PaymentsToAcquireBuildings
|
675000 | USD |
CY2011Q1 | loan |
Option Sold
OptionSold
|
3900 | USD |
CY2014 | us-gaap |
Defined Contribution Plan Number Of Employees Covered
DefinedContributionPlanNumberOfEmployeesCovered
|
100 | pure |
CY2013 | us-gaap |
Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
|
306900 | USD |
CY2013 | us-gaap |
Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
|
80100 | USD |
CY2013 | us-gaap |
Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
|
0 | USD |
CY2013 | us-gaap |
Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
|
0 | USD |
CY2013 | us-gaap |
Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
|
387000 | USD |
CY2012Q4 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
|
3000 | shares |
CY2013 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
28000 | shares |
CY2013 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares
|
29000 | shares |
CY2013Q4 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
|
2000 | shares |
CY2014Q4 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
|
1000 | shares |
CY2014 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
21000 | shares |
CY2014 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares
|
22000 | shares |
CY2012Q4 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
|
1.01 | |
CY2014 | loan |
Share Based Compensation Arrangement By Share Based Payment Award Options Non Vested Grants In Period Weighted Average Remaining Contractual Term
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsNonVestedGrantsInPeriodWeightedAverageRemainingContractualTerm
|
P4Y6M | |
CY2013 | loan |
Share Based Compensation Arrangement By Share Based Payment Award Options Non Vested Vested In Period Weighted Average Remaining Contractual Term
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsNonVestedVestedInPeriodWeightedAverageRemainingContractualTerm
|
P4Y5M8D | |
CY2014 | loan |
Share Based Compensation Arrangement By Share Based Payment Award Options Non Vested Vested In Period Weighted Average Remaining Contractual Term
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsNonVestedVestedInPeriodWeightedAverageRemainingContractualTerm
|
P4Y4M17D | |
CY2014Q4 | us-gaap |
Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Outstanding Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptions
|
82000 | shares |
CY2014Q4 | us-gaap |
Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Exercisable Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfExercisableOptions
|
81000 | shares |
CY2014 | us-gaap |
Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageRemainingContractualTerm2
|
P2Y8M5D | |
CY2014Q4 | us-gaap |
Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Exercise Price Beginning Balance1
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageExercisePriceBeginningBalance1
|
1.68 | |
CY2014Q4 | us-gaap |
Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Exercise Price1
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageExercisePrice1
|
1.69 | |
CY2013Q4 | us-gaap |
Deferred Tax Assets Capital Loss Carryforwards
DeferredTaxAssetsCapitalLossCarryforwards
|
105200 | USD |
CY2013Q4 | us-gaap |
Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Other
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsOther
|
8766 | USD |
CY2013Q4 | us-gaap |
Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
|
78388 | USD |
CY2013Q4 | us-gaap |
Deferred Tax Assets Gross
DeferredTaxAssetsGross
|
192354 | USD |
CY2013Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
192354 | USD |
CY2013Q4 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
0 | USD |
CY2014 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
|
P5Y | |
CY2014 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
0.0959 | pure |
CY2013 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
0.0261 | pure |
CY2014 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
|
0.595 | pure |
CY2013 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
|
0.750 | pure |
CY2014 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
|
0.0171 | pure |
CY2013 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
|
0.0107 | pure |
CY2013 | us-gaap |
Loss Contingency Damages Awarded Value
LossContingencyDamagesAwardedValue
|
80000 | USD |
CY2014 | us-gaap |
Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
|
146821 | USD |
CY2013 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
|
P5Y | |
CY2013 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.34 | pure |
CY2013 | us-gaap |
Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
|
0.06 | pure |
CY2013 | us-gaap |
Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
0 | pure |
CY2013 | loan |
Effective Income Tax Rate Reconciliation State And Local Franchise Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalFranchiseTaxes
|
0 | pure |
CY2013 | us-gaap |
Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
|
0 | pure |
CY2013 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.4 | pure |
CY2014 | us-gaap |
Stock Option Plan Expense
StockOptionPlanExpense
|
13065 | USD |
CY2011Q3 | loan |
Fair Value Of Restricted Shares Granted
FairValueOfRestrictedSharesGranted
|
195968 | USD |
CY2014 | loan |
Fair Value Of Restricted Shares Amortization Period
FairValueOfRestrictedSharesAmortizationPeriod
|
P15Y | |
CY2014 | us-gaap |
Income Tax Examination Penalties And Interest Expense
IncomeTaxExaminationPenaltiesAndInterestExpense
|
9400 | USD |
CY2013 | us-gaap |
Income Tax Examination Penalties And Interest Expense
IncomeTaxExaminationPenaltiesAndInterestExpense
|
3800 | USD |
CY2014 | loan |
Sharebased Compensation Arrangement By Sharebased Payment Award Award Vesting Rights For Employee And Nonemployee Directors
SharebasedCompensationArrangementBySharebasedPaymentAwardAwardVestingRightsForEmployeeAndNonemployeeDirectors
|
Under our stock option plan, every non-employee director of the Company is granted 7,000 options upon first taking office, and then 7,000 upon each additional year in office. Generally, options outstanding vest over periods not exceeding four years and are exercisable for up to five years from the grant date | |
CY2010Q4 | loan |
Senior Long Term Notes Under Private Placement
SeniorLongTermNotesUnderPrivatePlacement
|
500000 | USD |
CY2010Q4 | us-gaap |
Loans Pledged As Collateral
LoansPledgedAsCollateral
|
750000 | USD |
CY2010 | loan |
Common Stock Issued To Underwriter Value
CommonStockIssuedToUnderwriterValue
|
11683 | USD |
CY2014Q4 | us-gaap |
Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
|
41400 | USD |
CY2014Q4 | us-gaap |
Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
|
28100 | USD |
CY2014Q4 | us-gaap |
Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
|
69500 | USD |
CY2014 | us-gaap |
Lease And Rental Expense
LeaseAndRentalExpense
|
42000 | USD |
CY2013 | us-gaap |
Lease And Rental Expense
LeaseAndRentalExpense
|
39000 | USD |
CY2011 | us-gaap |
Litigation Settlement Expense
LitigationSettlementExpense
|
80000 | USD |
CY2011Q4 | loan |
Amount Of Personal Guarantee Commitment Provided By Defendant
AmountOfPersonalGuaranteeCommitmentProvidedByDefendant
|
5000000 | USD |
CY2013 | us-gaap |
Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
|
0 | USD |
CY2014 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
19088 | USD |
CY2013 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
0 | USD |
CY2014 | loan |
Stock Issued During Period Value Warrants Exercised
StockIssuedDuringPeriodValueWarrantsExercised
|
0 | USD |
CY2014 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
4288764 | USD |
CY2012Q3 | us-gaap |
Stock Repurchase Program Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased
|
100000 | shares |
CY2014 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
5000000 | USD |
CY2014 | loan |
Description Real Estate Investment Trust
DescriptionRealEstateInvestmentTrust
|
return. A REIT calculates taxable income similar to other domestic corporations, with the major difference being aREIT is entitled to a deduction for dividends paid. A REIT is generally required to distribute each year at least 90% of its taxable income. If it chooses to retain the remaining 10% of taxable income, it may do so, but it will be subject to a corporate tax on such income. The Company | |
CY2011 | loan |
Operating Lease Term Of Lease
OperatingLeaseTermOfLease
|
five years and two months | |
CY2014 | us-gaap |
Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
|
8539 | USD |
CY2013 | us-gaap |
Stock Option Plan Expense
StockOptionPlanExpense
|
13065 | USD |
CY2014 | loan |
Share Based Compensation Expense
ShareBasedCompensationExpense
|
28767 | USD |
CY2013 | loan |
Share Based Compensation Expense
ShareBasedCompensationExpense
|
35578 | USD |
CY2014 | us-gaap |
Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
|
19300 | USD |
CY2014 | us-gaap |
Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
|
27839 | USD |
CY2014 | us-gaap |
Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
|
0 | USD |
CY2014 | us-gaap |
Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
|
0 | USD |