$MGLD
Marygold Companies, Inc.

2017 Q1 Form 10-Q Financial Statement

#000143774917009488 Filed on May 17, 2017

View on sec.gov

Income Statement

Concept 2017 Q1 2016 Q1
Revenue $7.494M $7.115M
YoY Change 5.33%
Cost Of Revenue $1.043M $684.7K
YoY Change 52.37%
Gross Profit $6.451M $6.430M
YoY Change 0.32%
Gross Profit Margin 86.08% 90.38%
Selling, General & Admin $2.399M $1.757M
YoY Change 36.54%
% of Gross Profit 37.18% 27.32%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $83.22K
YoY Change
% of Gross Profit 1.29%
Operating Expenses $2.399M $1.757M
YoY Change 36.54%
Operating Profit $1.100M $2.386M
YoY Change -53.89%
Interest Expense $5.937K $2.167K
YoY Change 173.97%
% of Operating Profit 0.54% 0.09%
Other Income/Expense, Net -$3.851K $7.555K
YoY Change -150.97%
Pretax Income $1.096M $2.393M
YoY Change -54.2%
Income Tax $51.62K $819.2K
% Of Pretax Income 4.71% 34.23%
Net Earnings $1.045M $1.574M
YoY Change -33.64%
Net Earnings / Revenue 13.94% 22.12%
Basic Earnings Per Share $0.04 $0.00
Diluted Earnings Per Share $0.03 $0.00
COMMON SHARES
Basic Shares Outstanding 29.56M 886.8M
Diluted Shares Outstanding 38.30M 1.149B

Balance Sheet

Concept 2017 Q1 2016 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $5.816M $4.737M
Short-Term Investments
Other Short-Term Assets $1.389M
YoY Change
Inventory $465.2K
Prepaid Expenses $288.0K
Receivables $654.1K
Other Receivables
Total Short-Term Assets $14.50M
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $1.143M
YoY Change
Goodwill $219.3K
YoY Change
Intangibles $928.9K
YoY Change
Long-Term Investments
YoY Change
Other Assets $509.5K
YoY Change
Total Long-Term Assets $3.061M
YoY Change
TOTAL ASSETS
Total Short-Term Assets $14.50M
Total Long-Term Assets $3.061M
Total Assets $17.56M
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 $3.649M
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 $3.649M
Total Long-Term Liabilities
Total Liabilities $4.341M
YoY Change
SHAREHOLDERS EQUITY
Retained Earnings $3.303M
YoY Change
Common Stock $886.8K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $13.21M
YoY Change
Total Liabilities & Shareholders Equity $17.56M
YoY Change

Cashflow Statement

Concept 2017 Q1 2016 Q1
OPERATING ACTIVITIES
Net Income $1.045M $1.574M
YoY Change -33.64%
Depreciation, Depletion And Amortization $83.22K
YoY Change
Cash From Operating Activities
YoY Change
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities
YoY Change
NET CHANGE
Cash From Operating Activities
Cash From Investing Activities
Cash From Financing Activities
Net Change In Cash
YoY Change
FREE CASH FLOW
Cash From Operating Activities
Capital Expenditures
Free Cash Flow
YoY Change

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CY2016Q2 us-gaap Notes Payable Related Parties Noncurrent
NotesPayableRelatedPartiesNoncurrent
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
4
CY2017Q1 us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
5350843
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-4680
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
15254
CY2017Q1 us-gaap Other Sales Revenue Net
OtherSalesRevenueNet
26999
CY2016Q1 us-gaap Other Sales Revenue Net
OtherSalesRevenueNet
CY2016Q1 us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
4044643
us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
16125271
us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
11824867
CY2017Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
1099992
CY2016Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
2385676
us-gaap Operating Income Loss
OperatingIncomeLoss
5079312
us-gaap Operating Income Loss
OperatingIncomeLoss
6029603
us-gaap Other Sales Revenue Net
OtherSalesRevenueNet
116566
us-gaap Other Sales Revenue Net
OtherSalesRevenueNet
117700
us-gaap Payments For Repurchase Of Convertible Preferred Stock
PaymentsForRepurchaseOfConvertiblePreferredStock
us-gaap Payments For Repurchase Of Convertible Preferred Stock
PaymentsForRepurchaseOfConvertiblePreferredStock
2200557
us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
3342994
us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
43047
us-gaap Payments To Acquire Machinery And Equipment
PaymentsToAcquireMachineryAndEquipment
222477
us-gaap Payments To Acquire Machinery And Equipment
PaymentsToAcquireMachineryAndEquipment
196597
CY2017Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2016Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2017Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000
CY2016Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000
CY2017Q1 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
13108474
CY2016Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
13108474
CY2017Q1 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
13108474
CY2016Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
13108474
CY2017Q1 us-gaap Preferred Stock Value
PreferredStockValue
13108
CY2016Q2 us-gaap Preferred Stock Value
PreferredStockValue
13108
CY2017Q1 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
287954
CY2016Q2 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
87068
CY2017Q1 us-gaap Prepaid Taxes
PrepaidTaxes
991476
CY2016Q2 us-gaap Prepaid Taxes
PrepaidTaxes
493427
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style=" margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;">Reclassifications</div></div> <div style=" margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</div> <div style=" margin: 0pt; text-align: justify; font-family: Times New Roman, Times, serif; font-size: 10pt;">For comparative purposes, prior year<div style="display: inline; font-family: Times New Roman, Times, serif; font-size: 10pt;">&#x2019;s Financial Statements have been reclassified to conform to report classifications of the current year.</div></div></div></div></div></div></div></div></div></div></div>
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
90574
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
us-gaap Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
59367
us-gaap Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
CY2017Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1713783
CY2016Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1655384
CY2017Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1143134
CY2016Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1166693
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
5000
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
CY2017Q1 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
20000
CY2017Q1 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
14028
CY2016Q2 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
0
CY2017Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
3303279
CY2016Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-64154
CY2017Q1 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
5637011
CY2016Q1 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
6144369
us-gaap Revenue From Related Parties
RevenueFromRelatedParties
18477486
us-gaap Revenue From Related Parties
RevenueFromRelatedParties
17085983
CY2017Q1 us-gaap Revenue Steam Products And Services
RevenueSteamProductsAndServices
1127950
CY2016Q1 us-gaap Revenue Steam Products And Services
RevenueSteamProductsAndServices
970654
us-gaap Revenue Steam Products And Services
RevenueSteamProductsAndServices
3524527
us-gaap Revenue Steam Products And Services
RevenueSteamProductsAndServices
2588664
CY2017Q1 us-gaap Revenues
Revenues
7494138
CY2016Q1 us-gaap Revenues
Revenues
7115023
us-gaap Revenues
Revenues
24432292
us-gaap Revenues
Revenues
19792347
CY2017Q1 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
702178
CY2016Q1 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
2313713
us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
CY2017Q1 us-gaap Stockholders Equity
StockholdersEquity
13206503
CY2016Q2 us-gaap Stockholders Equity
StockholdersEquity
9851702
CY2017Q1 us-gaap Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
109188
CY2016Q2 us-gaap Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
769224
CY2017Q1 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
13108
CY2016Q2 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
13108
CY2017Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
30000
CY2017Q1 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
0
us-gaap Use Of Estimates
UseOfEstimates
<div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style=" margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;">Use of Estimates</div></div> <div style=" margin: 0pt; text-align: justify; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</div> <div style=" margin: 0pt; text-align: justify; font-family: Times New Roman, Times, serif; font-size: 10pt;">The preparation of the Financial Statements are in conformity with U.S. GAAP which requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the Financial Statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</div></div></div></div></div></div></div></div></div></div>
CY2017Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1153666000
CY2016Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1148923323
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1153666000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1148923323
CY2017Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
886753846
CY2016Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
886753846
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
886753846
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
886753846

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