2013 Q2 Form 10-Q Financial Statement

#000110465913062659 Filed on August 12, 2013

View on sec.gov

Income Statement

Concept 2013 Q2 2012 Q2
Revenue $9.003M $8.691M
YoY Change 3.59% 4.13%
Cost Of Revenue $3.560M $3.050M
YoY Change 16.72% -7.85%
Gross Profit $5.440M $5.640M
YoY Change -3.55% 11.9%
Gross Profit Margin 60.43% 64.9%
Selling, General & Admin $1.070M $770.0K
YoY Change 38.96% 2.67%
% of Gross Profit 19.67% 13.65%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.480M $1.534M
YoY Change -3.53% 5.66%
% of Gross Profit 27.2% 27.2%
Operating Expenses $6.114M $5.346M
YoY Change 14.36% -2.95%
Operating Profit $2.889M $3.344M
YoY Change -13.62% 17.89%
Interest Expense $1.763M $1.912M
YoY Change -7.81% -3.59%
% of Operating Profit 61.02% 57.17%
Other Income/Expense, Net -$2.099M -$2.311M
YoY Change -9.2% -6.81%
Pretax Income $790.0K $1.020M
YoY Change -22.55% 183.33%
Income Tax $0.00 $0.00
% Of Pretax Income 0.0% 0.0%
Net Earnings $4.469M $1.047M
YoY Change 326.74% -87.06%
Net Earnings / Revenue 49.64% 12.05%
Basic Earnings Per Share
Diluted Earnings Per Share $34.38M $8.077M
COMMON SHARES
Basic Shares Outstanding 3.121M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2013 Q2 2012 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.300M $5.200M
YoY Change -36.54% 30.0%
Cash & Equivalents $3.292M $5.182M
Short-Term Investments
Other Short-Term Assets $2.800M $3.700M
YoY Change -24.32% 0.0%
Inventory
Prepaid Expenses
Receivables $400.0K $400.0K
Other Receivables $400.0K $500.0K
Total Short-Term Assets $6.900M $9.800M
YoY Change -29.59% 13.95%
LONG-TERM ASSETS
Property, Plant & Equipment $94.30M $96.90M
YoY Change -2.68% -3.77%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $11.10M $15.30M
YoY Change -27.45% -17.3%
Other Assets $0.00
YoY Change
Total Long-Term Assets $111.2M $113.0M
YoY Change -1.57% -5.9%
TOTAL ASSETS
Total Short-Term Assets $6.900M $9.800M
Total Long-Term Assets $111.2M $113.0M
Total Assets $118.1M $122.8M
YoY Change -3.81% -4.57%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.000M $2.100M
YoY Change -4.76% -4.55%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $2.000M $2.100M
YoY Change -4.76% -4.55%
LONG-TERM LIABILITIES
Long-Term Debt $131.7M $138.6M
YoY Change -4.98% 2.9%
Other Long-Term Liabilities $3.900M $3.800M
YoY Change 2.63% -69.11%
Total Long-Term Liabilities $135.6M $142.4M
YoY Change -4.78% -3.13%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.000M $2.100M
Total Long-Term Liabilities $135.6M $142.4M
Total Liabilities $137.6M $144.5M
YoY Change -4.75% -3.16%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$19.50M -$21.70M
YoY Change
Total Liabilities & Shareholders Equity $118.1M $122.8M
YoY Change -3.81% -4.57%

Cashflow Statement

Concept 2013 Q2 2012 Q2
OPERATING ACTIVITIES
Net Income $4.469M $1.047M
YoY Change 326.74% -87.06%
Depreciation, Depletion And Amortization $1.480M $1.534M
YoY Change -3.53% 5.66%
Cash From Operating Activities $2.160M $3.130M
YoY Change -30.99% 59.69%
INVESTING ACTIVITIES
Capital Expenditures -$980.0K -$460.0K
YoY Change 113.04% -95.62%
Acquisitions
YoY Change
Other Investing Activities -$90.00K $350.0K
YoY Change -125.71% -95.91%
Cash From Investing Activities -$1.070M -$110.0K
YoY Change 872.73% -94.36%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.180M -2.410M
YoY Change -51.04% -1147.83%
NET CHANGE
Cash From Operating Activities 2.160M 3.130M
Cash From Investing Activities -1.070M -110.0K
Cash From Financing Activities -1.180M -2.410M
Net Change In Cash -90.00K 610.0K
YoY Change -114.75% 154.17%
FREE CASH FLOW
Cash From Operating Activities $2.160M $3.130M
Capital Expenditures -$980.0K -$460.0K
Free Cash Flow $3.140M $3.590M
YoY Change -12.53% -71.19%

Facts In Submission

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CY2012Q2 us-gaap Partners Capital
PartnersCapital
-21677705 USD
CY2013Q2 us-gaap Partners Capital
PartnersCapital
-19495018 USD
CY2012Q2 us-gaap Partners Capital Account Units
PartnersCapitalAccountUnits
131398 shares
CY2013Q2 us-gaap Partners Capital Account Units
PartnersCapitalAccountUnits
130040 shares
us-gaap Partners Capital Account Units Treasury
PartnersCapitalAccountUnitsTreasury
-404 shares
us-gaap Partners Capital Account Distributions
PartnersCapitalAccountDistributions
1950596 USD
CY2013Q2 nen Number Of Units In Real Estate Property Sold
NumberOfUnitsInRealEstatePropertySold
0 item
CY2012Q2 us-gaap Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
8594881 USD
CY2012Q2 us-gaap Other Real Estate Revenue
OtherRealEstateRevenue
96955 USD
CY2012Q2 us-gaap Revenues
Revenues
8691836 USD
CY2012Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
406665 USD
CY2012Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1534033 USD
CY2012Q2 nen Management Fees
ManagementFees
361608 USD
CY2012Q2 us-gaap Other Cost Of Operating Revenue
OtherCostOfOperatingRevenue
702327 USD
CY2012Q2 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
52979 USD
CY2012Q2 us-gaap Cost Of Property Repairs And Maintenance
CostOfPropertyRepairsAndMaintenance
1274441 USD
CY2012Q2 us-gaap Real Estate Taxes And Insurance
RealEstateTaxesAndInsurance
1022677 USD
CY2012Q2 us-gaap Operating Expenses
OperatingExpenses
5354730 USD
CY2012Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
3337106 USD
CY2012Q2 us-gaap Investment Income Interest
InvestmentIncomeInterest
553 USD
CY2012Q2 us-gaap Interest Expense
InterestExpense
1911952 USD
CY2012Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-401226 USD
CY2012Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-2312625 USD
CY2012Q2 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
1024481 USD
CY2012Q2 us-gaap Net Income Loss
NetIncomeLoss
1047262 USD
CY2012Q2 us-gaap Income Loss From Continuing Operations Per Outstanding Limited Partnership Unit
IncomeLossFromContinuingOperationsPerOutstandingLimitedPartnershipUnit
7.80
CY2012Q2 us-gaap Net Income Loss Per Outstanding Limited Partnership Unit
NetIncomeLossPerOutstandingLimitedPartnershipUnit
7.97
CY2012Q2 us-gaap Weighted Average Limited Partnership Units Outstanding
WeightedAverageLimitedPartnershipUnitsOutstanding
131469 shares
us-gaap Weighted Average Limited Partnership Units Outstanding
WeightedAverageLimitedPartnershipUnitsOutstanding
131477 shares
us-gaap Income Loss From Continuing Operations Per Outstanding Limited Partnership Unit
IncomeLossFromContinuingOperationsPerOutstandingLimitedPartnershipUnit
12.39
us-gaap Net Income Loss Per Outstanding Limited Partnership Unit
NetIncomeLossPerOutstandingLimitedPartnershipUnit
12.73
us-gaap Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
17235744 USD
us-gaap Investment Income Interest
InvestmentIncomeInterest
1192 USD
us-gaap Other Real Estate Revenue
OtherRealEstateRevenue
189094 USD
us-gaap Revenues
Revenues
17424838 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
892158 USD
nen Management Fees
ManagementFees
708789 USD
us-gaap Other Cost Of Operating Revenue
OtherCostOfOperatingRevenue
1928077 USD
us-gaap Lease And Rental Expense
LeaseAndRentalExpense
99362 USD
us-gaap Cost Of Property Repairs And Maintenance
CostOfPropertyRepairsAndMaintenance
2326786 USD
us-gaap Real Estate Taxes And Insurance
RealEstateTaxesAndInsurance
2152870 USD
us-gaap Operating Expenses
OperatingExpenses
11145559 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
6279279 USD
us-gaap Interest Expense
InterestExpense
3846413 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-4649565 USD
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
1629714 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
3698652 USD
CY2013Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
3678922 USD
us-gaap Discontinued Operation Income Loss From Discontinued Operation During Phase Out Period Net Of Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax
44500 USD

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