2022 Q3 Form 10-Q Financial Statement

#000149315222020092 Filed on July 22, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022 Q1
Revenue $2.107M $2.117M $2.115M
YoY Change 29.47% 23.54% 22.26%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $377.4K $386.2K $361.5K
YoY Change 12.57% 13.73% 16.61%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $630.00 $500.00 $470.00
YoY Change 10.53% -56.52%
% of Gross Profit
Operating Expenses $378.1K $388.2K $362.9K
YoY Change 12.06% 13.43% 17.05%
Operating Profit $1.232M $1.352M $1.420M
YoY Change 11.5% 28.26%
Interest Expense -$496.7K -$376.4K -$331.9K
YoY Change 168.63% 18.76% 3.7%
% of Operating Profit -40.31% -27.83% -23.36%
Other Income/Expense, Net $4.500K $4.500K $4.500K
YoY Change 0.0% 0.0%
Pretax Income $1.237M $1.357M $1.425M
YoY Change 11.46% 28.14% 28.37%
Income Tax $650.00
% Of Pretax Income 0.05%
Net Earnings $1.237M $1.356M $1.425M
YoY Change 11.46% 28.15% 28.37%
Net Earnings / Revenue 58.7% 64.06% 67.37%
Basic Earnings Per Share $0.11 $0.12 $0.12
Diluted Earnings Per Share $0.11 $0.12 $124.0K
COMMON SHARES
Basic Shares Outstanding 11.49M shares 11.49M shares 11.49M shares
Diluted Shares Outstanding 11.49M shares 11.49M shares 11.49M shares

Balance Sheet

Concept 2022 Q3 2022 Q2 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $109.7K $117.6K $145.4K
YoY Change 0.02% -23.22% -30.78%
Cash & Equivalents $543.0K $117.6K $145.4K
Short-Term Investments
Other Short-Term Assets $433.3K
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $74.38M $70.47M $69.61M
YoY Change 36.02% 29.42% 16.78%
LONG-TERM ASSETS
Property, Plant & Equipment $275.9K $289.7K $303.4K
YoY Change -16.58% -15.69% -15.73%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $113.5K $159.4K $132.7K
YoY Change 6.86% 2.21% 32.67%
Total Long-Term Assets $389.4K $449.1K $436.0K
YoY Change -10.89% -10.1% -5.21%
TOTAL ASSETS
Total Short-Term Assets $74.38M $70.47M $69.61M
Total Long-Term Assets $389.4K $449.1K $436.0K
Total Assets $74.77M $70.92M $70.05M
YoY Change 35.65% 29.06% 16.61%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $202.1K $185.3K $148.2K
YoY Change 166.01% 38.39% 14.01%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $2.281M $2.335M $2.273M
YoY Change 330.76% 374.88% 298.83%
LONG-TERM LIABILITIES
Long-Term Debt $29.10M $24.99M $24.09M
YoY Change 218.22% 18.78% -7.57%
Other Long-Term Liabilities $286.4K $299.1K $311.8K
YoY Change -14.92% -14.25% -13.4%
Total Long-Term Liabilities $29.38M $25.29M $24.40M
YoY Change 209.95% 18.24% -7.65%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.281M $2.335M $2.273M
Total Long-Term Liabilities $29.38M $25.29M $24.40M
Total Liabilities $31.66M $27.62M $26.67M
YoY Change 216.34% 26.26% -1.18%
SHAREHOLDERS EQUITY
Retained Earnings -$1.642M -$1.442M
YoY Change
Common Stock $11.76K $11.76K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $798.9K $798.9K
YoY Change
Treasury Stock Shares 262.1K shares 262.1K shares
Shareholders Equity $43.10M $43.30M $43.38M
YoY Change
Total Liabilities & Shareholders Equity $74.77M $70.92M $70.05M
YoY Change 35.65% 29.06% 16.61%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022 Q1
OPERATING ACTIVITIES
Net Income $1.237M $1.356M $1.425M
YoY Change 11.46% 28.15% 28.37%
Depreciation, Depletion And Amortization $630.00 $500.00 $470.00
YoY Change 10.53% -56.52%
Cash From Operating Activities $1.172M $1.392M $1.455M
YoY Change 4.51% 43.71% 37.25%
INVESTING ACTIVITIES
Capital Expenditures $0.00 -$1.890K
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$3.398M -$865.3K -$2.723M
YoY Change 1704.05% -116.96% 598.2%
Cash From Investing Activities -$3.398M -$867.2K -$2.723M
YoY Change 1704.05% -117.0% 598.2%
FINANCING ACTIVITIES
Cash Dividend Paid $1.437M
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 2.651M -552.9K 1.271M
YoY Change -371.47% -90.96% -236.66%
NET CHANGE
Cash From Operating Activities 1.172M 1.392M 1.455M
Cash From Investing Activities -3.398M -867.2K -2.723M
Cash From Financing Activities 2.651M -552.9K 1.271M
Net Change In Cash 425.4K -27.74K 2.820K
YoY Change -1077.82% -39.63% -101.08%
FREE CASH FLOW
Cash From Operating Activities $1.172M $1.392M $1.455M
Capital Expenditures $0.00 -$1.890K
Free Cash Flow $1.172M $1.394M $1.455M
YoY Change 4.51% 37.25%

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PaymentsToAcquireLoansReceivable
37953007 usd
us-gaap Payments To Acquire Loans Receivable
PaymentsToAcquireLoansReceivable
15567677 usd
us-gaap Proceeds From Collection Of Loans Receivable
ProceedsFromCollectionOfLoansReceivable
34364708 usd
us-gaap Proceeds From Collection Of Loans Receivable
ProceedsFromCollectionOfLoansReceivable
20279776 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1893 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-3590192 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
4712099 usd
us-gaap Debt Instrument Term
DebtInstrumentTerm
P1Y
us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
3627556 usd
us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
-4911758 usd
us-gaap Payments Of Dividends
PaymentsOfDividends
2873736 usd
us-gaap Payments Of Dividends
PaymentsOfDividends
2116388 usd
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
35819 usd
LOAN Payments Of Preoffering Costs Incurred
PaymentsOfPreofferingCostsIncurred
18750 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
718001 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-7046896 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-24924 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-305950 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
142546 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
459137 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
117622 usd
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
153187 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
650 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
647 usd
us-gaap Interest Paid Net
InterestPaidNet
608902 usd
us-gaap Interest Paid Net
InterestPaidNet
603869 usd
LOAN Operating Leases Paid During Period
OperatingLeasesPaidDuringPeriod
31786 usd
LOAN Operating Leases Paid During Period
OperatingLeasesPaidDuringPeriod
31719 usd
LOAN Dividend Declared And Payable
DividendDeclaredAndPayable
1436868 usd
CY2021Q1 us-gaap Restricted Cash
RestrictedCash
327483 usd
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
11494945 shares
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
9619945 shares
CY2022Q2 us-gaap Notes And Loans Receivable Net Current
NotesAndLoansReceivableNetCurrent
69303663 usd
CY2021Q4 us-gaap Notes And Loans Receivable Net Current
NotesAndLoansReceivableNetCurrent
65715364 usd
us-gaap Repayments Of Debt
RepaymentsOfDebt
300000 usd
CY2022Q2 LOAN Line Of Credit Facility Bonds Issued Of Subsidiary
LineOfCreditFacilityBondsIssuedOfSubsidiary
20000000 usd
CY2022Q2 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
19273526 usd
LOAN Agency Fee Percentage
AgencyFeePercentage
0.005 pure
CY2022Q2 LOAN Line Of Credit Facility Interest Rate Percentage
LineOfCreditFacilityInterestRatePercentage
0.0579 pure
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
11494945 shares
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
9619945 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
11494945 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
9619945 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
11494945 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
9619945 shares
us-gaap Share Based Compensation
ShareBasedCompensation
6532 usd
us-gaap Share Based Compensation
ShareBasedCompensation
6532 usd
us-gaap Stock Issued During Period Shares Restricted Stock Award Gross
StockIssuedDuringPeriodSharesRestrictedStockAwardGross
1000000 shares
CY2022Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
54436 usd
CY2022Q2 us-gaap Dividends Payable Amount Per Share
DividendsPayableAmountPerShare
0.125
CY2022Q2 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
1436868 usd
CY2022Q2 us-gaap Dividend Payable Date To Be Paid Day Month And Year
DividendPayableDateToBePaidDayMonthAndYear
2022-07-15

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