2010 Q4 Form 10-K Financial Statement
#000104746912002345 Filed on March 09, 2012
Income Statement
| Concept | 2010 Q4 | 2010 | 2009 Q4 |
|---|---|---|---|
| Revenue | $27.43M | $99.82M | $19.85M |
| YoY Change | 38.19% | 24.93% | -26.4% |
| Cost Of Revenue | $24.64M | $88.39M | $17.60M |
| YoY Change | 40.0% | 19.28% | -25.71% |
| Gross Profit | $2.790M | $11.43M | $2.240M |
| YoY Change | 24.55% | 97.07% | -31.71% |
| Gross Profit Margin | 10.17% | 11.45% | 11.28% |
| Selling, General & Admin | $2.480M | $10.20M | $2.270M |
| YoY Change | 9.25% | -0.97% | -26.77% |
| % of Gross Profit | 88.89% | 89.24% | 101.34% |
| Research & Development | |||
| YoY Change | |||
| % of Gross Profit | |||
| Depreciation & Amortization | $400.0K | $1.555M | $440.0K |
| YoY Change | -9.09% | -19.03% | -8.33% |
| % of Gross Profit | 14.34% | 13.6% | 19.64% |
| Operating Expenses | $2.470M | $10.20M | $2.270M |
| YoY Change | 8.81% | -0.97% | -27.01% |
| Operating Profit | $320.0K | $1.230M | -$30.00K |
| YoY Change | -1166.67% | -127.34% | -117.65% |
| Interest Expense | -$100.0K | $429.1K | -$130.0K |
| YoY Change | -23.08% | -185.82% | -18.75% |
| % of Operating Profit | -31.25% | 34.88% | |
| Other Income/Expense, Net | -$40.00K | -$348.4K | -$100.0K |
| YoY Change | -60.0% | 74.21% | -242.86% |
| Pretax Income | $110.0K | $881.8K | -$220.0K |
| YoY Change | -150.0% | -114.22% | -344.44% |
| Income Tax | -$20.00K | $375.0K | -$80.00K |
| % Of Pretax Income | -18.18% | 42.53% | |
| Net Earnings | $140.0K | $500.0K | -$150.0K |
| YoY Change | -193.33% | -113.16% | -287.5% |
| Net Earnings / Revenue | 0.51% | 0.5% | -0.76% |
| Basic Earnings Per Share | |||
| Diluted Earnings Per Share | $51.09K | $185.2K | -$54.74K |
| COMMON SHARES | |||
| Basic Shares Outstanding | 2.742M shares | ||
| Diluted Shares Outstanding | 2.742M shares |
Balance Sheet
| Concept | 2010 Q4 | 2010 | 2009 Q4 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $230.0K | $230.0K | $250.0K |
| YoY Change | -8.0% | -8.0% | -68.75% |
| Cash & Equivalents | $230.6K | $230.0K | $245.4K |
| Short-Term Investments | |||
| Other Short-Term Assets | $1.190M | $1.190M | $1.290M |
| YoY Change | -7.75% | -7.75% | -38.86% |
| Inventory | $16.11M | $16.11M | $15.81M |
| Prepaid Expenses | $596.4K | ||
| Receivables | $15.56M | $15.56M | $12.02M |
| Other Receivables | $380.0K | $380.0K | $2.520M |
| Total Short-Term Assets | $33.47M | $33.47M | $31.88M |
| YoY Change | 4.98% | 4.99% | -14.28% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $7.158M | $7.160M | $8.240M |
| YoY Change | -13.14% | -13.11% | -19.61% |
| Goodwill | |||
| YoY Change | |||
| Intangibles | |||
| YoY Change | |||
| Long-Term Investments | |||
| YoY Change | |||
| Other Assets | $514.2K | $730.0K | $660.0K |
| YoY Change | -22.09% | 10.61% | 50.0% |
| Total Long-Term Assets | $8.093M | $8.090M | $9.250M |
| YoY Change | -12.51% | -12.54% | -17.78% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $33.47M | $33.47M | $31.88M |
| Total Long-Term Assets | $8.093M | $8.090M | $9.250M |
| Total Assets | $41.56M | $41.56M | $41.13M |
| YoY Change | 1.05% | 1.05% | -15.09% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $10.73M | $10.73M | $9.050M |
| YoY Change | 18.54% | 18.56% | -15.81% |
| Accrued Expenses | $3.220M | $3.220M | $3.110M |
| YoY Change | 3.54% | 3.54% | -41.87% |
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $5.620M | $5.620M | $5.490M |
| YoY Change | 2.37% | 2.37% | 25.63% |
| Long-Term Debt Due | $841.8K | $840.0K | $1.010M |
| YoY Change | -16.66% | -16.83% | 6.32% |
| Total Short-Term Liabilities | $20.40M | $20.40M | $18.67M |
| YoY Change | 9.29% | 9.27% | -12.8% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $1.731M | $1.730M | $3.570M |
| YoY Change | -51.5% | -51.54% | -18.68% |
| Other Long-Term Liabilities | $137.2K | $140.0K | $160.0K |
| YoY Change | -14.23% | -12.5% | 6.67% |
| Total Long-Term Liabilities | $1.869M | $1.870M | $3.730M |
| YoY Change | -49.9% | -49.87% | -17.84% |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $20.40M | $20.40M | $18.67M |
| Total Long-Term Liabilities | $1.869M | $1.870M | $3.730M |
| Total Liabilities | $22.27M | $22.27M | $22.40M |
| YoY Change | -0.57% | -0.58% | -13.91% |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | $3.376M | ||
| YoY Change | |||
| Common Stock | $27.43K | ||
| YoY Change | |||
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | |||
| YoY Change | |||
| Treasury Stock Shares | |||
| Shareholders Equity | $19.29M | $19.29M | $18.73M |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $41.56M | $41.56M | $41.13M |
| YoY Change | 1.05% | 1.05% | -15.09% |
Cashflow Statement
| Concept | 2010 Q4 | 2010 | 2009 Q4 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | $140.0K | $500.0K | -$150.0K |
| YoY Change | -193.33% | -113.16% | -287.5% |
| Depreciation, Depletion And Amortization | $400.0K | $1.555M | $440.0K |
| YoY Change | -9.09% | -19.03% | -8.33% |
| Cash From Operating Activities | $1.260M | $2.890M | $1.780M |
| YoY Change | -29.21% | -440.0% | -65.23% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | -$180.0K | $626.6K | -$210.0K |
| YoY Change | -14.29% | -192.15% | -78.35% |
| Acquisitions | $403.0K | ||
| YoY Change | |||
| Other Investing Activities | $0.00 | -$400.0K | $550.0K |
| YoY Change | -100.0% | -166.67% | |
| Cash From Investing Activities | -$180.0K | -$1.030M | $340.0K |
| YoY Change | -152.94% | 1187.5% | -135.79% |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | $12.50K | ||
| YoY Change | |||
| Debt Paid & Issued, Net | $2.013M | ||
| YoY Change | |||
| Cash From Financing Activities | -850.0K | -1.880M | -2.090M |
| YoY Change | -59.33% | -608.11% | -41.62% |
| NET CHANGE | |||
| Cash From Operating Activities | 1.260M | 2.890M | 1.780M |
| Cash From Investing Activities | -180.0K | -1.030M | 340.0K |
| Cash From Financing Activities | -850.0K | -1.880M | -2.090M |
| Net Change In Cash | 230.0K | -20.00K | 30.00K |
| YoY Change | 666.67% | -96.43% | -94.92% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | $1.260M | $2.890M | $1.780M |
| Capital Expenditures | -$180.0K | $626.6K | -$210.0K |
| Free Cash Flow | $1.440M | $2.263M | $1.990M |
| YoY Change | -27.64% | -1431.39% | -67.32% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2010 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
7079873 | USD |
| CY2010 | us-gaap |
Selling Expense
SellingExpense
|
3120202 | USD |
| CY2010 | us-gaap |
Gross Profit
GrossProfit
|
11430266 | USD |
| CY2010 | us-gaap |
Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
|
88389803 | USD |
| CY2010 | us-gaap |
Sales Revenue Net
SalesRevenueNet
|
99820069 | USD |
| CY2010Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.01 | |
| CY2011Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.01 | |
| CY2010Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
1 | |
| CY2011Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
1 | |
| CY2010Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
1000000 | shares |
| CY2011Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
1000000 | shares |
| CY2010Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
250000 | shares |
| CY2011 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
1512366 | USD |
| CY2011 | us-gaap |
Gross Profit
GrossProfit
|
13343897 | USD |
| CY2010 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
2742389 | shares |
| CY2010 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
0.18 | |
| CY2010 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
375000 | USD |
| CY2010 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
881766 | USD |
| CY2010 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-348425 | USD |
| CY2010 | us-gaap |
Interest Expense
InterestExpense
|
429123 | USD |
| CY2010 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
80698 | USD |
| CY2010 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
1230191 | USD |
| CY2010 | us-gaap |
Operating Expenses
OperatingExpenses
|
10200075 | USD |
| CY2010 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
2742389 | shares |
| CY2011Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
250000 | shares |
| CY2010Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
250000 | shares |
| CY2011Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
250000 | shares |
| CY2011Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
2742992 | shares |
| CY2010Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
9000000 | shares |
| CY2011Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
9000000 | shares |
| CY2011Q4 | us-gaap |
Liabilities
Liabilities
|
26276350 | USD |
| CY2011Q4 | us-gaap |
Assets
Assets
|
46782143 | USD |
| CY2010Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
41560924 | USD |
| CY2010Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
3375977 | USD |
| CY2010Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-62936 | USD |
| CY2010Q4 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
15698348 | USD |
| CY2010Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
27430 | USD |
| CY2010Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
250000 | USD |
| CY2010Q4 | us-gaap |
Liabilities
Liabilities
|
22272105 | USD |
| CY2010Q4 | us-gaap |
Liabilities Noncurrent
LiabilitiesNoncurrent
|
1868554 | USD |
| CY2010Q4 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
137236 | USD |
| CY2010Q4 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
1731318 | USD |
| CY2010Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
20403551 | USD |
| CY2010Q4 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
634655 | USD |
| CY2010Q4 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
2584108 | USD |
| CY2010Q4 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
10727907 | USD |
| CY2010Q4 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
841760 | USD |
| CY2010Q4 | us-gaap |
Lines Of Credit Current
LinesOfCreditCurrent
|
5615121 | USD |
| CY2010Q4 | us-gaap |
Assets
Assets
|
41560924 | USD |
| CY2010Q4 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
514235 | USD |
| CY2010Q4 | us-gaap |
Deferred Tax Assets Net Noncurrent
DeferredTaxAssetsNetNoncurrent
|
219000 | USD |
| CY2010Q4 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
202150 | USD |
| CY2010Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
7157543 | USD |
| CY2010Q4 | us-gaap |
Assets Current
AssetsCurrent
|
33467996 | USD |
| CY2010Q4 | us-gaap |
Deferred Tax Assets Net Current
DeferredTaxAssetsNetCurrent
|
594000 | USD |
| CY2010Q4 | us-gaap |
Income Taxes Receivable
IncomeTaxesReceivable
|
376001 | USD |
| CY2010Q4 | us-gaap |
Prepaid Expense Current
PrepaidExpenseCurrent
|
596363 | USD |
| CY2010Q4 | us-gaap |
Inventory Net
InventoryNet
|
16108773 | USD |
| CY2010Q4 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
15562277 | USD |
| CY2010Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
230582 | USD |
| CY2010 | us-gaap |
Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
|
124514 | USD |
| CY2010 | us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-1029599 | USD |
| CY2010 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
626630 | USD |
| CY2010 | us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
402969 | USD |
| CY2010 | us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
2890254 | USD |
| CY2010 | us-gaap |
Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
|
-1026267 | USD |
| CY2010 | us-gaap |
Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
|
1127119 | USD |
| CY2010 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
1674954 | USD |
| CY2010 | us-gaap |
Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
|
-2139543 | USD |
| CY2010 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
53207 | USD |
| CY2010 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
-865 | USD |
| CY2010 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
3532471 | USD |
| CY2010 | us-gaap |
Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
|
-8333 | USD |
| CY2010 | us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
-901 | USD |
| CY2010 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
288000 | USD |
| CY2010 | us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
55786 | USD |
| CY2010 | nsys |
Interest On Swap Valuation
InterestOnSwapValuation
|
27772 | USD |
| CY2010 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
31728 | USD |
| CY2010 | us-gaap |
Adjustment For Amortization
AdjustmentForAmortization
|
141399 | USD |
| CY2010 | us-gaap |
Depreciation
Depreciation
|
1554577 | USD |
| CY2011 | us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
3317740 | USD |
| CY2011 | us-gaap |
Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
|
1380904 | USD |
| CY2011 | us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-2674211 | USD |
| CY2011 | us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
138621 | USD |
| CY2011 | us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
-874111 | USD |
| CY2009Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
245381 | USD |
| CY2010 | us-gaap |
Net Cash Provided By Used In Continuing Operations
NetCashProvidedByUsedInContinuingOperations
|
-14799 | USD |
| CY2010 | us-gaap |
Effect Of Exchange Rate On Cash And Cash Equivalents Continuing Operations
EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations
|
638 | USD |
| CY2010 | us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
-1876092 | USD |
| CY2010 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
12500 | USD |
| CY2010 | us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
2013106 | USD |
| CY2010 | us-gaap |
Property Plant And Equipment Transfers And Changes
PropertyPlantAndEquipmentTransfersAndChanges
|
201000 | USD |
