2022 Q4 Form 10-Q Financial Statement

#000149315222029274 Filed on October 21, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3 2021 Q3
Revenue $2.232M $2.107M $1.627M
YoY Change 28.45% 29.47% -9.08%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $424.1K $377.4K $335.3K
YoY Change 16.2% 12.57% 8.15%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $710.00 $630.00 $570.00
YoY Change 29.09% 10.53%
% of Gross Profit
Operating Expenses $424.6K $378.1K $337.4K
YoY Change 16.01% 12.06% 12.45%
Operating Profit $1.232M $1.105M
YoY Change 11.5%
Interest Expense -$617.9K -$496.7K -$184.9K
YoY Change 172.75% 168.63% -45.61%
% of Operating Profit -40.31% -16.73%
Other Income/Expense, Net $4.500K $4.500K $4.500K
YoY Change 0.0% 0.0% -55.0%
Pretax Income $1.194M $1.237M $1.110M
YoY Change 3.86% 11.46% -3.51%
Income Tax $0.00
% Of Pretax Income 0.0%
Net Earnings $1.194M $1.237M $1.110M
YoY Change 3.86% 11.46% -3.51%
Net Earnings / Revenue 53.5% 58.7% 68.18%
Basic Earnings Per Share $0.11 $0.10
Diluted Earnings Per Share $0.10 $0.11 $97.92K
COMMON SHARES
Basic Shares Outstanding 11.49M shares 11.49M shares 11.33M shares
Diluted Shares Outstanding 11.49M shares 11.33M shares

Balance Sheet

Concept 2022 Q4 2022 Q3 2021 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $103.5K $109.7K $109.7K
YoY Change -27.37% 0.02% -31.44%
Cash & Equivalents $103.5K $543.0K $109.7K
Short-Term Investments
Other Short-Term Assets $433.3K $0.00
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $75.95M $74.38M $54.68M
YoY Change 13.68% 36.02% -7.09%
LONG-TERM ASSETS
Property, Plant & Equipment $262.2K $275.9K $330.8K
YoY Change -17.3% -16.58% 561.6%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $67.27K $113.5K $106.2K
YoY Change -10.64% 6.86% -11.51%
Total Long-Term Assets $329.5K $389.4K $437.0K
YoY Change -16.02% -10.89% 157.05%
TOTAL ASSETS
Total Short-Term Assets $75.95M $74.38M $54.68M
Total Long-Term Assets $329.5K $389.4K $437.0K
Total Assets $76.28M $74.77M $55.12M
YoY Change 13.5% 35.65% -6.61%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $289.9K $202.1K $75.96K
YoY Change 88.02% 166.01% -41.57%
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 $2.396M $2.281M $529.5K
YoY Change 10.33% 330.76% -10.25%
LONG-TERM LIABILITIES
Long-Term Debt $30.75M $29.10M $9.143M
YoY Change 44.19% 218.22% -63.95%
Other Long-Term Liabilities $273.5K $286.4K $336.6K
YoY Change -15.65% -14.92% 461.02%
Total Long-Term Liabilities $31.02M $29.38M $9.480M
YoY Change 43.3% 209.95% -62.71%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.396M $2.281M $529.5K
Total Long-Term Liabilities $31.02M $29.38M $9.480M
Total Liabilities $33.42M $31.66M $10.01M
YoY Change 40.29% 216.34% -61.5%
SHAREHOLDERS EQUITY
Retained Earnings -$1.885M -$1.642M
YoY Change 39.7%
Common Stock $11.76K $11.76K
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $798.9K $798.9K
YoY Change 0.0%
Treasury Stock Shares 262.1K shares 262.1K shares
Shareholders Equity $42.86M $43.10M $45.11M
YoY Change
Total Liabilities & Shareholders Equity $76.28M $74.77M $55.12M
YoY Change 13.5% 35.65% -6.61%

Cashflow Statement

Concept 2022 Q4 2022 Q3 2021 Q3
OPERATING ACTIVITIES
Net Income $1.194M $1.237M $1.110M
YoY Change 3.86% 11.46% -3.51%
Depreciation, Depletion And Amortization $710.00 $630.00 $570.00
YoY Change 29.09% 10.53%
Cash From Operating Activities $1.148M $1.172M $1.121M
YoY Change -20.8% 4.51% -11.7%
INVESTING ACTIVITIES
Capital Expenditures $980.00 $0.00 $0.00
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$1.782M -$3.398M -$188.4K
YoY Change -85.32% 1704.05% -90.68%
Cash From Investing Activities -$1.783M -$3.398M -$188.4K
YoY Change -85.32% 1704.05% -90.68%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 195.8K 2.651M -976.6K
YoY Change -98.17% -371.47% -237.55%
NET CHANGE
Cash From Operating Activities 1.148M 1.172M 1.121M
Cash From Investing Activities -1.783M -3.398M -188.4K
Cash From Financing Activities 195.8K 2.651M -976.6K
Net Change In Cash -439.4K 425.4K -43.50K
YoY Change -1437.31% -1077.82% 8.75%
FREE CASH FLOW
Cash From Operating Activities $1.148M $1.172M $1.121M
Capital Expenditures $980.00 $0.00 $0.00
Free Cash Flow $1.147M $1.172M $1.121M
YoY Change -20.87% 4.51% -11.7%

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us-gaap Payments To Acquire Loans Receivable
PaymentsToAcquireLoansReceivable
28534303 usd
us-gaap Proceeds From Collection Of Loans Receivable
ProceedsFromCollectionOfLoansReceivable
42255461 usd
us-gaap Proceeds From Collection Of Loans Receivable
ProceedsFromCollectionOfLoansReceivable
33058052 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1893 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-6988111 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
4523749 usd
us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
7715637 usd
us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
-16824722 usd
us-gaap Payments Of Dividends
PaymentsOfDividends
4310604 usd
us-gaap Payments Of Dividends
PaymentsOfDividends
3553256 usd
us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
12354460 usd
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
35819 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
3369214 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-8023518 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
400431 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-349445 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
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
542977 usd
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
109692 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
1036338 usd
us-gaap Interest Paid Net
InterestPaidNet
811610 usd
LOAN Operating Leases Paid During Period
OperatingLeasesPaidDuringPeriod
47703 usd
LOAN Operating Leases Paid During Period
OperatingLeasesPaidDuringPeriod
47600 usd
LOAN Dividend Declared And Payable
DividendDeclaredAndPayable
1436868 usd
CY2021Q1 us-gaap Restricted Cash
RestrictedCash
327483 usd
CY2022Q3 us-gaap Restricted Cash
RestrictedCash
433269 usd
CY2022Q3 us-gaap Notes And Loans Receivable Net Current
NotesAndLoansReceivableNetCurrent
72701582 usd
CY2021Q4 us-gaap Notes And Loans Receivable Net Current
NotesAndLoansReceivableNetCurrent
65715364 usd
CY2022Q4 us-gaap Repayments Of Debt
RepaymentsOfDebt
890000 usd
CY2022Q3 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
23361607 usd
LOAN Agency Fee Percentage
AgencyFeePercentage
0.005 pure
us-gaap Debt Instrument Term
DebtInstrumentTerm
P1Y
CY2022Q3 LOAN Line Of Credit Facility Interest Rate Percentage
LineOfCreditFacilityInterestRatePercentage
0.0714 pure
us-gaap Share Based Compensation
ShareBasedCompensation
9798 usd
us-gaap Share Based Compensation
ShareBasedCompensation
9798 usd
LOAN Stock Issued During Period Shares Remaining Restricted Stock Award
StockIssuedDuringPeriodSharesRemainingRestrictedStockAward
1000000 shares
CY2022Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
51170 usd
CY2022Q3 us-gaap Dividends Payable Amount Per Share
DividendsPayableAmountPerShare
0.125
CY2022Q3 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
1436868 usd
CY2022Q3 us-gaap Dividend Payable Date To Be Paid Day Month And Year
DividendPayableDateToBePaidDayMonthAndYear
2022-10-17
CY2022Q3 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2022-10-11

Files In Submission

Name View Source Status
0001493152-22-029274-index-headers.html Edgar Link pending
0001493152-22-029274-index.html Edgar Link pending
0001493152-22-029274.txt Edgar Link pending
0001493152-22-029274-xbrl.zip Edgar Link pending
ex31-1.htm Edgar Link pending
ex31-2.htm Edgar Link pending
ex32-1.htm Edgar Link pending
ex32-2.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
form10-q.htm Edgar Link pending
loan-20220930.xsd Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R3.htm Edgar Link pending
R4.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
loan-20220930_cal.xml Edgar Link unprocessable
loan-20220930_def.xml Edgar Link unprocessable
loan-20220930_lab.xml Edgar Link unprocessable
loan-20220930_pre.xml Edgar Link unprocessable
form10-q_htm.xml Edgar Link completed