2023 Q4 Form 10-Q Financial Statement

#000149315223038042 Filed on October 24, 2023

View on sec.gov

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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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

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0001493152-23-038042.txt Edgar Link pending
0001493152-23-038042-xbrl.zip Edgar Link pending
ex31-1.htm Edgar Link pending
ex31-2.htm Edgar Link pending
ex32-1.htm Edgar Link pending
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loan-20230930_pre.xml Edgar Link unprocessable