2023 Q4 Form 10-Q Financial Statement
#000149315223038042 Filed on October 24, 2023
Income Statement
Concept | 2023 Q4 | 2023 Q3 | 2022 Q3 |
---|---|---|---|
Revenue | $2.565M | $2.434M | $2.107M |
YoY Change | 14.93% | 15.51% | 29.47% |
Cost Of Revenue | |||
YoY Change | |||
Gross Profit | |||
YoY Change | |||
Gross Profit Margin | |||
Selling, General & Admin | $551.0K | $377.2K | $377.4K |
YoY Change | 29.92% | -0.07% | 12.57% |
% of Gross Profit | |||
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $1.060K | $1.050K | $630.00 |
YoY Change | 49.3% | 66.67% | 10.53% |
% of Gross Profit | |||
Operating Expenses | $551.5K | $377.6K | $378.1K |
YoY Change | 29.86% | -0.13% | 12.06% |
Operating Profit | $1.442M | $1.232M | |
YoY Change | 17.01% | 11.5% | |
Interest Expense | -$669.9K | -$614.4K | -$496.7K |
YoY Change | 8.41% | 23.69% | 168.63% |
% of Operating Profit | -42.61% | -40.31% | |
Other Income/Expense, Net | $4.500K | $4.500K | $4.500K |
YoY Change | 0.0% | 0.0% | 0.0% |
Pretax Income | $1.349M | $1.446M | $1.237M |
YoY Change | 12.93% | 16.95% | 11.46% |
Income Tax | $0.00 | ||
% Of Pretax Income | 0.0% | ||
Net Earnings | $1.349M | $1.446M | $1.237M |
YoY Change | 12.93% | 16.95% | 11.46% |
Net Earnings / Revenue | 52.57% | 59.43% | 58.7% |
Basic Earnings Per Share | $0.13 | $0.11 | |
Diluted Earnings Per Share | $0.12 | $0.13 | $0.11 |
COMMON SHARES | |||
Basic Shares Outstanding | 11.45M shares | 11.46M shares | 11.49M shares |
Diluted Shares Outstanding | 11.46M shares | 11.49M shares |
Balance Sheet
Concept | 2023 Q4 | 2023 Q3 | 2022 Q3 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $104.2K | $133.2K | $109.7K |
YoY Change | 0.66% | 21.37% | 0.02% |
Cash & Equivalents | $1.692M | $133.1K | $543.0K |
Short-Term Investments | |||
Other Short-Term Assets | $1.588M | $433.3K | |
YoY Change | |||
Inventory | |||
Prepaid Expenses | |||
Receivables | |||
Other Receivables | |||
Total Short-Term Assets | $76.14M | $72.26M | $74.38M |
YoY Change | 0.24% | -2.84% | 36.02% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $207.4K | $221.1K | $275.9K |
YoY Change | -20.92% | -19.88% | -16.58% |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $91.22K | $130.8K | $113.5K |
YoY Change | 35.6% | 15.27% | 6.86% |
Total Long-Term Assets | $298.6K | $351.9K | $389.4K |
YoY Change | -9.38% | -9.64% | -10.89% |
TOTAL ASSETS | |||
Total Short-Term Assets | $76.14M | $72.26M | $74.38M |
Total Long-Term Assets | $298.6K | $351.9K | $389.4K |
Total Assets | $76.43M | $72.62M | $74.77M |
YoY Change | 0.2% | -2.88% | 35.65% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $295.3K | $236.2K | $202.1K |
YoY Change | 1.87% | 16.89% | 166.01% |
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 | $2.301M | $2.195M | $2.281M |
YoY Change | -3.94% | -3.76% | 330.76% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $30.98M | $27.24M | $29.10M |
YoY Change | 0.76% | -6.37% | 218.22% |
Other Long-Term Liabilities | $220.5K | $234.0K | $286.4K |
YoY Change | -19.36% | -18.3% | -14.92% |
Total Long-Term Liabilities | $31.20M | $27.48M | $29.38M |
YoY Change | 0.58% | -6.49% | 209.95% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $2.301M | $2.195M | $2.281M |
Total Long-Term Liabilities | $31.20M | $27.48M | $29.38M |
Total Liabilities | $33.50M | $29.67M | $31.66M |
YoY Change | 0.26% | -6.29% | 216.34% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$1.567M | -$1.629M | -$1.642M |
YoY Change | -16.86% | -0.82% | |
Common Stock | $11.76K | $11.76K | $11.76K |
YoY Change | 0.0% | 0.0% | |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | $1.061M | $984.6K | $798.9K |
YoY Change | 32.75% | 23.24% | |
Treasury Stock Shares | 262.1K shares | ||
Shareholders Equity | $42.93M | $42.94M | $43.10M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $76.43M | $72.62M | $74.77M |
YoY Change | 0.2% | -2.88% | 35.65% |
Cashflow Statement
Concept | 2023 Q4 | 2023 Q3 | 2022 Q3 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | $1.349M | $1.446M | $1.237M |
YoY Change | 12.93% | 16.95% | 11.46% |
Depreciation, Depletion And Amortization | $1.060K | $1.050K | $630.00 |
YoY Change | 49.3% | 66.67% | 10.53% |
Cash From Operating Activities | $1.472M | $1.419M | $1.172M |
YoY Change | 28.23% | 21.1% | 4.51% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $0.00 | $0.00 | $0.00 |
YoY Change | -100.0% | ||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | -$2.267M | -$987.2K | -$3.398M |
YoY Change | 27.25% | -70.95% | 1704.05% |
Cash From Investing Activities | -$2.267M | -$987.2K | -$3.398M |
YoY Change | 27.18% | -70.95% | 1704.05% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 2.355M | -547.9K | 2.651M |
YoY Change | 1102.75% | -120.67% | -371.47% |
NET CHANGE | |||
Cash From Operating Activities | 1.472M | 1.419M | 1.172M |
Cash From Investing Activities | -2.267M | -987.2K | -3.398M |
Cash From Financing Activities | 2.355M | -547.9K | 2.651M |
Net Change In Cash | 1.559M | -115.7K | 425.4K |
YoY Change | -454.74% | -127.21% | -1077.82% |
FREE CASH FLOW | |||
Cash From Operating Activities | $1.472M | $1.419M | $1.172M |
Capital Expenditures | $0.00 | $0.00 | $0.00 |
Free Cash Flow | $1.472M | $1.419M | $1.172M |
YoY Change | 28.34% | 21.1% | 4.51% |
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|
4017632 | usd | |
CY2023Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.13 | |
CY2022Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.11 | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.36 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.35 | ||
CY2023Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.13 | |
CY2022Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.11 | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.36 | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.35 | ||
CY2023Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
11461052 | shares |
CY2022Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
11494945 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
11477133 | shares | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
11494945 | shares | |
CY2023Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
11461052 | shares |
CY2022Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
11494945 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
11477133 | shares | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
11494945 | shares | |
CY2023Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
42804018 | usd |
CY2023Q3 | LOAN |
Stock Purchase Of Treasury Shares Value
StockPurchaseOfTreasurySharesValue
|
-20885 | usd |
CY2023Q3 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
3266 | usd |
CY2023Q3 | us-gaap |
Stock Issued During Period Value Stock Dividend
StockIssuedDuringPeriodValueStockDividend
|
1288753 | usd |
CY2023Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
1446324 | usd |
CY2023Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
42943970 | usd |
CY2022Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
43299929 | usd |
CY2022Q3 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
3266 | usd |
CY2022Q3 | us-gaap |
Stock Issued During Period Value Stock Dividend
StockIssuedDuringPeriodValueStockDividend
|
1436868 | usd |
CY2022Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
1236741 | usd |
CY2022Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
43103068 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
42863573 | usd |
LOAN |
Stock Purchase Of Treasury Shares Value
StockPurchaseOfTreasurySharesValue
|
-185691 | usd | |
us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
9798 | usd | |
us-gaap |
Dividends Common Stock
DividendsCommonStock
|
2582609 | usd | |
us-gaap |
Stock Issued During Period Value Stock Dividend
StockIssuedDuringPeriodValueStockDividend
|
1288753 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
4127652 | usd | |
CY2023Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
42943970 | usd |
CY2021Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
43386242 | usd |
CY2021Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
43386242 | usd |
CY2022Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
43103068 | usd |
CY2022Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
43103068 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
4127652 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
4017632 | usd | |
us-gaap |
Amortization Of Deferred Charges
AmortizationOfDeferredCharges
|
71449 | usd | |
us-gaap |
Amortization Of Deferred Charges
AmortizationOfDeferredCharges
|
83401 | usd | |
LOAN |
Adjustment To Operating Lease Rightofuse Asset And Liability
AdjustmentToOperatingLeaseRightofuseAssetAndLiability
|
1636 | usd | |
LOAN |
Adjustment To Operating Lease Rightofuse Asset And Liability
AdjustmentToOperatingLeaseRightofuseAssetAndLiability
|
3274 | usd | |
us-gaap |
Depreciation
Depreciation
|
3001 | usd | |
us-gaap |
Depreciation
Depreciation
|
1598 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
9798 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
9798 | usd | |
us-gaap |
Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
|
-14128 | usd | |
us-gaap |
Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
|
176746 | usd | |
us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
38381 | usd | |
us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
29164 | usd | |
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-53682 | usd | |
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
47890 | usd | |
us-gaap |
Increase Decrease In Deferred Charges
IncreaseDecreaseInDeferredCharges
|
-1167 | usd | |
us-gaap |
Increase Decrease In Deferred Charges
IncreaseDecreaseInDeferredCharges
|
-61645 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
4136768 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
4019328 | usd | |
us-gaap |
Payments To Acquire Loans Receivable
PaymentsToAcquireLoansReceivable
|
40810565 | usd | |
us-gaap |
Payments To Acquire Loans Receivable
PaymentsToAcquireLoansReceivable
|
49241679 | usd | |
us-gaap |
Proceeds From Collection Of Loans Receivable
ProceedsFromCollectionOfLoansReceivable
|
44512989 | usd | |
us-gaap |
Proceeds From Collection Of Loans Receivable
ProceedsFromCollectionOfLoansReceivable
|
42255461 | usd | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
5085 | usd | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
1893 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
3697339 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-6988111 | usd | |
us-gaap |
Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
|
-3561140 | usd | |
us-gaap |
Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
|
7715637 | usd | |
us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
4019478 | usd | |
us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
4310604 | usd | |
LOAN |
Payments For Treasury Shares
PaymentsForTreasuryShares
|
185691 | usd | |
us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
38191 | usd | |
us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
35819 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-7804500 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
3369214 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
29607 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
400431 | usd | |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
103540 | usd |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
142546 | usd |
CY2023Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
133147 | usd |
CY2022Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
542977 | usd |
us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
650 | usd | |
us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
650 | usd | |
us-gaap |
Interest Paid Net
InterestPaidNet
|
1797254 | usd | |
us-gaap |
Interest Paid Net
InterestPaidNet
|
1036338 | usd | |
LOAN |
Operating Leases Paid During Period
OperatingLeasesPaidDuringPeriod
|
47822 | usd | |
LOAN |
Operating Leases Paid During Period
OperatingLeasesPaidDuringPeriod
|
47703 | usd | |
LOAN |
Dividend Declared And Payable
DividendDeclaredAndPayable
|
1288753 | usd | |
LOAN |
Dividend Declared And Payable
DividendDeclaredAndPayable
|
1436868 | usd | |
CY2022Q3 | us-gaap |
Restricted Cash
RestrictedCash
|
433269 | usd |
us-gaap |
Debt Instrument Term
DebtInstrumentTerm
|
P1Y | ||
CY2023Q3 | us-gaap |
Notes And Loans Receivable Net Current
NotesAndLoansReceivableNetCurrent
|
70781039 | usd |
CY2022Q4 | us-gaap |
Notes And Loans Receivable Net Current
NotesAndLoansReceivableNetCurrent
|
74483463 | usd |
CY2023Q1 | us-gaap |
Proceeds From Sale Of Notes Receivable
ProceedsFromSaleOfNotesReceivable
|
485000 | usd |
CY2023Q3 | us-gaap |
Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
|
21433094 | usd |
CY2023Q3 | LOAN |
Percentage Of Agency Fee
PercentageOfAgencyFee
|
0.005 | pure |
CY2023Q3 | LOAN |
Line Of Credit Facility Interest Rate Percentage
LineOfCreditFacilityInterestRatePercentage
|
0.089 | pure |
CY2023Q3 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
3266 | usd |
CY2022Q3 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
3266 | usd |
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 | |
CY2023Q3 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
|
38105 | usd |
CY2023Q2 | us-gaap |
Dividends Payable Amount Per Share
DividendsPayableAmountPerShare
|
0.1125 | |
CY2023Q2 | us-gaap |
Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
|
1288753 | usd |
CY2023Q2 | us-gaap |
Dividend Payable Date To Be Paid Day Month And Year
DividendPayableDateToBePaidDayMonthAndYear
|
2023-10-16 | |
CY2023Q2 | us-gaap |
Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
|
2023-10-10 |