2017 Q2 Form 10-Q Financial Statement

#000114420417027632 Filed on May 15, 2017

View on sec.gov

Income Statement

Concept 2017 Q2 2017 Q1 2016 Q1
Revenue $1.729M $859.2K $0.00
YoY Change 4069.78%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $2.568M $2.041M $91.00
YoY Change 304.25% 2242335.16%
Operating Profit
YoY Change
Interest Expense $438.2K $131.8K $0.00
YoY Change 977.9%
% of Operating Profit
Other Income/Expense, Net $160.0K $8.232K $0.00
YoY Change
Pretax Income
YoY Change
Income Tax
% Of Pretax Income
Net Earnings $43.59K -$457.3K -$91.00
YoY Change -107.34% 502453.85%
Net Earnings / Revenue 2.52% -53.23%
Basic Earnings Per Share
Diluted Earnings Per Share
COMMON SHARES
Basic Shares Outstanding 5.131M shares 4.353M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2017 Q2 2017 Q1 2016 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $2.545M $6.789M $200.7K
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses $949.6K $1.242M
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets
YoY Change
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities
Total Long-Term Liabilities
Total Liabilities
YoY Change
SHAREHOLDERS EQUITY
Retained Earnings -$3.139M
YoY Change
Common Stock $6.186K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $56.41M
YoY Change
Total Liabilities & Shareholders Equity $94.58M
YoY Change

Cashflow Statement

Concept 2017 Q2 2017 Q1 2016 Q1
OPERATING ACTIVITIES
Net Income $43.59K -$457.3K -$91.00
YoY Change -107.34% 502453.85%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities $182.8K
YoY Change
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$20.92M
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net -$19.74M $0.00
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $23.85M
YoY Change
NET CHANGE
Cash From Operating Activities $182.8K
Cash From Investing Activities -$20.92M
Cash From Financing Activities $23.85M
Net Change In Cash $3.111M
YoY Change
FREE CASH FLOW
Cash From Operating Activities $182.8K
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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CY2016Q1 us-gaap Earnings Per Share Basic And Diluted
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CY2016Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
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CY2017Q1 us-gaap Depreciation And Amortization
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CY2016Q1 us-gaap Depreciation And Amortization
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CY2016Q1 us-gaap Operating Expenses
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CY2017Q1 us-gaap Investment Income Interest
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CY2016Q1 cik0001645873 Deferred Rent Expenses
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CY2017Q1 us-gaap Other Amortization Of Deferred Charges
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CY2016Q1 us-gaap Other Amortization Of Deferred Charges
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CY2017Q1 us-gaap Amortization Of Deferred Leasing Fees
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CY2016Q1 us-gaap Amortization Of Deferred Leasing Fees
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CY2017Q1 us-gaap Share Based Compensation
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CY2016Q1 us-gaap Share Based Compensation
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CY2016Q1 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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CY2017Q1 cik0001645873 Increase In Other Offering Costs Due To Affiliates
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CY2016Q1 cik0001645873 Increase In Other Offering Costs Due To Affiliates
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CY2017Q1 us-gaap Payments Of Stock Issuance Costs
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CY2016Q1 us-gaap Payments Of Stock Issuance Costs
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CY2016Q1 us-gaap Payments For Repurchase Of Common Stock
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CY2017Q1 us-gaap Payments For Repurchase Of Common Stock
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CY2017Q1 us-gaap Payments Of Financing Costs
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CY2016Q1 us-gaap Payments Of Financing Costs
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CY2017Q1 us-gaap Payments Of Dividends Common Stock
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CY2016Q1 us-gaap Payments Of Dividends Common Stock
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CY2017Q1 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
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CY2016Q1 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
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CY2017Q1 us-gaap Interest Paid
InterestPaid
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CY2016Q1 us-gaap Interest Paid
InterestPaid
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CY2017Q1 us-gaap Stock Issued1
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CY2017Q1 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
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CY2016Q1 us-gaap Cash And Cash Equivalents Period Increase Decrease
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CY2015Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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CY2015Q4 cik0001645873 Authority To Issue Of Common Stock
AuthorityToIssueOfCommonStock
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CY2015Q4 cik0001645873 Minimum Investment In Shares Value
MinimumInvestmentInSharesValue
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CY2015Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
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CY2015Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
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CY2015Q4 us-gaap Preferred Stock Shares Authorized
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CY2015Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
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CY2015Q4 us-gaap Share Price
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CY2016 us-gaap Limited Liability Company Llc Or Limited Partnership Lp Managing Member Or General Partner Ownership Interest
LimitedLiabilityCompanyLLCOrLimitedPartnershipLPManagingMemberOrGeneralPartnerOwnershipInterest
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CY2016 us-gaap Limited Liability Company Llc Or Limited Partnership Lp Members Or Limited Partners Ownership Interest
LimitedLiabilityCompanyLLCOrLimitedPartnershipLPMembersOrLimitedPartnersOwnershipInterest
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CY2016Q3 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
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CY2016Q3 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
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CY2017Q1 us-gaap Amortization Of Financing Costs
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11025 USD
CY2017Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
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CY2017Q1 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
465038 USD
CY2017Q1 dei Document Type
DocumentType
10-Q
CY2017Q1 dei Amendment Flag
AmendmentFlag
false
CY2017Q1 dei Document Period End Date
DocumentPeriodEndDate
2017-03-31
CY2017Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2017
CY2017Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2017Q1 dei Entity Registrant Name
EntityRegistrantName
Rich Uncles NNN REIT, Inc.
CY2017Q1 dei Entity Central Index Key
EntityCentralIndexKey
0001645873
CY2017Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2017Q1 dei Entity Filer Category
EntityFilerCategory
Smaller Reporting Company
CY2017Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
5131428 shares
CY2016Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
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CY2017Q1 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
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RealEstateInvestments
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CY2017Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
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CY2016Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2016Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
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RealEstateInvestments
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CY2017Q1 cik0001645873 Transfers To Redeemable Common Stock
TransfersToRedeemableCommonStock
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CY2016Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
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CY2017Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
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CY2016Q1 cik0001645873 Transfers To Redeemable Common Stock
TransfersToRedeemableCommonStock
0 USD
CY2017Q1 cik0001645873 Increase In Redeemable Common Stock Payable
IncreaseInRedeemableCommonStockPayable
151864 USD
CY2016Q1 cik0001645873 Increase In Redeemable Common Stock Payable
IncreaseInRedeemableCommonStockPayable
0 USD
CY2017Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
124901 USD
CY2016Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
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CY2017Q1 us-gaap Preferred Stock Shares Authorized
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CY2017Q1 us-gaap Common Stock Shares Authorized
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CY2017Q1 us-gaap Tenant Reimbursements
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CY2016Q1 us-gaap Tenant Reimbursements
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CY2017Q1 us-gaap Common Stock Dividends Per Share Declared
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0.175
CY2016Q1 us-gaap Common Stock Dividends Per Share Declared
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CY2017Q1 us-gaap Stock Repurchased During Period Value
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CY2017Q1 cik0001645873 Adjustments To Additional Paid In Capital Decrease In Redeemable Common Stock
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CY2016Q4 us-gaap Due From Related Parties
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CY2017Q1 cik0001645873 Land Building And Improvements
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CY2017Q1 us-gaap Operating Leases Future Minimum Payments Receivable Current
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CY2017Q1 us-gaap Operating Leases Future Minimum Payments Receivable In Two Years
OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears
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CY2017Q1 us-gaap Operating Leases Future Minimum Payments Receivable In Three Years
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CY2017Q1 us-gaap Operating Leases Future Minimum Payments Receivable In Four Years
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CY2017Q1 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;TEXT-INDENT: 0.5in; MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif"> <b><i>Use of Estimates</i></b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif"> <b><i>&#160;</i></b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif"> The preparation of the condensed consolidated financial statements and the accompanying notes thereto in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the condensed consolidated financial statements and accompanying notes. Actual results may differ from those estimates.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
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CY2017Q2 us-gaap Stock Issued During Period Value New Issues
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CY2017Q2 us-gaap Stock Issued During Period Shares Dividend Reinvestment Plan
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CY2017Q1 us-gaap Other Commitment
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CY2017Q1 us-gaap Due From Related Parties
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CY2017Q1 us-gaap Operating Leases Future Minimum Payments Receivable Thereafter
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CY2017Q1 us-gaap Operating Leases Future Minimum Payments Receivable
OperatingLeasesFutureMinimumPaymentsReceivable
21793329 USD
CY2017Q1 cik0001645873 Operating Expenses Reimbursement Maximum Limit Reimbursements
OperatingExpensesReimbursementMaximumLimitReimbursements
Under the prospectus, total operating expenses of the Company are limited to the greater of 2% of average invested assets or 25% of net income for the four most recently completed fiscal quarters (2%/25% Limitation).
CY2017Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
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CY2017Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
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CY2017Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
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294996 USD
CY2017Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
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6852001 USD
CY2017Q1 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
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6731816 USD
CY2017Q1 cik0001645873 Long Term Debt Maturities Repayments Of Principal In Year Six
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearSix
3753801 USD
CY2017Q1 cik0001645873 Long Term Debt Maturities Repayments Of Principal After Year Six
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearSix
4300761 USD
CY2017Q1 us-gaap Interest Payable Current And Noncurrent
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40972 USD
CY2017Q1 us-gaap Other Payments To Acquire Businesses
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67580 USD
CY2016Q1 us-gaap Equity Method Investment Dividends Or Distributions
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0 USD
CY2017Q1 cik0001645873 Property Management Fees Percentage
PropertyManagementFeesPercentage
0.015 pure
CY2017Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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174159 USD
CY2016Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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0 USD
CY2017Q1 us-gaap Increase Decrease In Due To Affiliates Current
IncreaseDecreaseInDueToAffiliatesCurrent
89097 USD
CY2016Q1 us-gaap Increase Decrease In Due To Affiliates Current
IncreaseDecreaseInDueToAffiliatesCurrent
0 USD

Files In Submission

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