2018 Q1 Form 10-Q Financial Statement
#000143774918004449 Filed on March 13, 2018
Income Statement
| Concept | 2018 Q1 | 2017 Q1 |
|---|---|---|
| Revenue | $17.55M | $14.61M |
| YoY Change | 20.16% | 3.97% |
| Cost Of Revenue | $12.32M | $9.796M |
| YoY Change | 25.79% | -7.11% |
| Gross Profit | $5.229M | $4.810M |
| YoY Change | 8.7% | 37.34% |
| Gross Profit Margin | 29.79% | 32.93% |
| Selling, General & Admin | $5.558M | $5.193M |
| YoY Change | 7.03% | 2.07% |
| % of Gross Profit | 106.29% | 107.95% |
| Research & Development | ||
| YoY Change | ||
| % of Gross Profit | ||
| Depreciation & Amortization | $408.3K | $506.3K |
| YoY Change | -19.37% | 1.43% |
| % of Gross Profit | 7.81% | 10.53% |
| Operating Expenses | $5.558M | $5.193M |
| YoY Change | 7.03% | 2.07% |
| Operating Profit | -$330.7K | -$419.3K |
| YoY Change | -21.14% | -73.84% |
| Interest Expense | $128.8K | $147.8K |
| YoY Change | -12.85% | -6.34% |
| % of Operating Profit | ||
| Other Income/Expense, Net | -$118.9K | -$217.0K |
| YoY Change | -45.21% | 54.79% |
| Pretax Income | -$449.6K | -$636.4K |
| YoY Change | -29.35% | -63.5% |
| Income Tax | -$39.49K | -$20.60K |
| % Of Pretax Income | ||
| Net Earnings | -$410.1K | -$615.8K |
| YoY Change | -33.39% | -64.71% |
| Net Earnings / Revenue | -2.34% | -4.22% |
| Basic Earnings Per Share | ||
| Diluted Earnings Per Share | -$61.47K | -$95.53K |
| COMMON SHARES | ||
| Basic Shares Outstanding | ||
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2018 Q1 | 2017 Q1 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $530.0K | $1.250M |
| YoY Change | -57.6% | 131.48% |
| Cash & Equivalents | $528.9K | $1.246M |
| Short-Term Investments | ||
| Other Short-Term Assets | $450.0K | $450.0K |
| YoY Change | 0.0% | -15.09% |
| Inventory | $17.62M | $16.04M |
| Prepaid Expenses | ||
| Receivables | $11.31M | $8.534M |
| Other Receivables | $20.00K | $50.00K |
| Total Short-Term Assets | $29.94M | $26.32M |
| YoY Change | 13.75% | -1.27% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $11.89M | $12.90M |
| YoY Change | -7.8% | -12.1% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | $642.7K | $566.9K |
| YoY Change | 13.37% | 5.5% |
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | $106.1K | $334.2K |
| YoY Change | -68.26% | 13.79% |
| Total Long-Term Assets | $12.68M | $13.80M |
| YoY Change | -8.14% | -11.0% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $29.94M | $26.32M |
| Total Long-Term Assets | $12.68M | $13.80M |
| Total Assets | $42.61M | $40.12M |
| YoY Change | 6.22% | -4.85% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $5.000M | $3.070M |
| YoY Change | 62.87% | -11.27% |
| Accrued Expenses | $1.710M | $1.190M |
| YoY Change | 43.7% | 13.33% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | $253.3K | $309.5K |
| YoY Change | -18.17% | 8.96% |
| Total Short-Term Liabilities | $6.974M | $4.577M |
| YoY Change | 52.37% | -5.51% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $6.356M | $6.565M |
| YoY Change | -3.18% | -4.5% |
| Other Long-Term Liabilities | $124.6K | $103.4K |
| YoY Change | 20.49% | -12.24% |
| Total Long-Term Liabilities | $6.480M | $6.668M |
| YoY Change | -2.81% | -4.63% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $6.974M | $4.577M |
| Total Long-Term Liabilities | $6.480M | $6.668M |
| Total Liabilities | $19.35M | $15.85M |
| YoY Change | 22.15% | -11.16% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | $11.52M | $13.05M |
| YoY Change | -11.76% | -10.12% |
| Common Stock | $11.74M | $11.22M |
| YoY Change | 4.65% | 6.18% |
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | $23.26M | $24.27M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $42.61M | $40.12M |
| YoY Change | 6.22% | -4.85% |
Cashflow Statement
| Concept | 2018 Q1 | 2017 Q1 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$410.1K | -$615.8K |
| YoY Change | -33.39% | -64.71% |
| Depreciation, Depletion And Amortization | $408.3K | $506.3K |
| YoY Change | -19.37% | 1.43% |
| Cash From Operating Activities | -$298.0K | -$68.91K |
| YoY Change | 332.37% | -524.94% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | $41.90K | $68.12K |
| YoY Change | -38.48% | -77.29% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | $0.00 | |
| YoY Change | ||
| Cash From Investing Activities | -$67.56K | -$65.84K |
| YoY Change | 2.62% | -78.76% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | $0.00 | $15.59K |
| YoY Change | -100.0% | |
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | 3.302K | -498.6K |
| YoY Change | -100.66% | 100.83% |
| NET CHANGE | ||
| Cash From Operating Activities | -298.0K | -68.91K |
| Cash From Investing Activities | -67.56K | -65.84K |
| Cash From Financing Activities | 3.302K | -498.6K |
| Net Change In Cash | -362.2K | -633.4K |
| YoY Change | -42.81% | 172.94% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | -$298.0K | -$68.91K |
| Capital Expenditures | $41.90K | $68.12K |
| Free Cash Flow | -$339.9K | -$137.0K |
| YoY Change | 148.02% | -51.71% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2018Q1 | occ |
Payments For Proceeds From Intangible Assets
PaymentsForProceedsFromIntangibleAssets
|
25661 | |
| CY2017Q1 | occ |
Payments For Proceeds From Intangible Assets
PaymentsForProceedsFromIntangibleAssets
|
-2277 | |
| CY2018Q1 | occ |
Provision For Recovery Of Doubtful Accounts
ProvisionForRecoveryOfDoubtfulAccounts
|
23489 | |
| CY2017Q1 | occ |
Provision For Recovery Of Doubtful Accounts
ProvisionForRecoveryOfDoubtfulAccounts
|
-568 | |
| CY2018Q1 | occ |
Royalty Revenue Expense
RoyaltyRevenueExpense
|
5415 | |
| CY2017Q1 | occ |
Royalty Revenue Expense
RoyaltyRevenueExpense
|
-31251 | |
| CY2018Q1 | us-gaap |
Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
|
4996246 | |
| CY2017Q4 | us-gaap |
Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
|
2590252 | |
| CY2018Q1 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
11309222 | |
| CY2017Q4 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
8940540 | |
| CY2018Q1 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
113354 | |
| CY2017Q1 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
148920 | |
| CY2018Q1 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
107808 | |
| CY2017Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
87446 | |
| CY2016Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
74266 | |
| CY2017Q1 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
68969 | |
| CY2018Q1 | us-gaap |
Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
|
3127 | |
| CY2017Q1 | us-gaap |
Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
|
4729 | |
| CY2018Q1 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
7239 | |
| CY2017Q1 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
5829 | |
| CY2018Q1 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
643005 | |
| CY2017Q1 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
623415 | |
| CY2018Q1 | us-gaap |
Assets
Assets
|
42611340 | |
| CY2017Q4 | us-gaap |
Assets
Assets
|
40139180 | |
| CY2018Q1 | us-gaap |
Assets Current
AssetsCurrent
|
29935162 | |
| CY2017Q4 | us-gaap |
Assets Current
AssetsCurrent
|
27103378 | |
| CY2018Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
528949 | |
| CY2017Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
891169 | |
| CY2016Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
1879064 | |
| CY2017Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
1245681 | |
| CY2018Q1 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
-362220 | |
| CY2017Q1 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
-633383 | |
| CY2018Q1 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
||
| CY2017Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
||
| CY2018Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
23257242 | |
| CY2017Q1 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
506342 | |
| CY2018Q1 | us-gaap |
Description Of New Accounting Pronouncements Not Yet Adopted
DescriptionOfNewAccountingPronouncementsNotYetAdopted
|
<div style="display: inline; font-family: times new roman; font-size: 10pt"><table border="0" cellpadding="0" cellspacing="0" style="; text-indent: 0px; min-width: 700px;"> <tr style="vertical-align: top;"> <td style="width: 27pt;"> <div style=" margin: 0pt; text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;">(<div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">1</div><div style="display: inline; font-family:'Times New Roman', Times, serif;font-size:10pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">1</div>) </div></div></div> </td> <td> <div style=" margin: 0pt; text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-family:'Times New Roman', Times, serif;font-size:10pt;">New Accounting Standards <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">Not</div> Yet Adopted</div></div></div> </td> </tr> </table> <div style=" font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"> </div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:27pt;margin-right:0pt;margin-top:0pt;text-align:justify;">In <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> May 2014, </div>the FASB issued Accounting Standards Update <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2014</div>-<div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">09,</div> <div style="display: inline; font-family:'Times New Roman', Times, serif;font-size:10pt;"><div style="display: inline; font-style: italic;">Revenue from Contracts with Customers </div>(“ASU <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2014</div>-<div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">09”</div>). ASU <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2014</div>-<div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">09</div> is a comprehensive new revenue recognition model that expands disclosure requirements and requires an entity to recognize revenue when promised goods or services are transferred to a customer at an amount that reflects the consideration it expects to receive in exchange for those goods or services. In <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> August 2015, </div>the FASB issued Accounting Standards Update <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2015</div>-<div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">14,</div> <div style="display: inline; font-style: italic;">Revenue from Contracts with Customers (Topic <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">606</div>): Deferral of the Effective Date </div>(“ASU <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2015</div>-<div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">14”</div>) which defers the effective date of the new revenue recognition standard by <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">one</div> year. Under ASU <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2015</div>-<div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">14,</div> the new revenue recognition standard is effective for the Company beginning in fiscal year <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2019.</div> The FASB has also issued ASU <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2016</div>-<div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">08,</div> ASU <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2016</div>-<div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">10,</div> ASU <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2016</div>-<div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">11,</div> ASU <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2016</div>-<div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">12,</div> ASU <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2016</div>-<div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">20</div> and ASU <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2017</div>-<div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">14</div> all of which clarify certain implementation guidance within ASU <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2014</div>-<div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">09.</div> The Company is currently evaluating the potential impact of the adoption of this guidance, but does <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">not</div> anticipate that the adoption will significantly change the timing or amount of revenue recognized. Therefore, the Company believes the adoption will be limited to expanded disclosures with <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">no</div> material impact on its results of operations, financial position and liquidity. </div></div> <div style=" font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"> </div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:27pt;margin-right:0pt;margin-top:0pt;text-align:justify;">In <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> February 2016, </div>the FASB issued Accounting Standards Update <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2016</div>-<div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">02,</div> <div style="display: inline; font-family:'Times New Roman', Times, serif;font-size:10pt;"><div style="display: inline; font-style: italic;">Leases</div> (“ASU <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2016</div>-<div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">02”</div>). ASU <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2016</div>-<div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">02</div> requires the recognition of a separate lease liability representing the required lease payments over the lease term and a separate lease asset representing the right to use the underlying asset during the same lease term. Additionally, this ASU provides clarification regarding the identification of certain components of contracts that would represent a lease as well as requires additional disclosures to the notes to the financial statements. ASU <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2016</div>-<div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">02</div> is effective for fiscal years beginning after <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> December 15, 2018, </div>including interim periods within that reporting period with early adoption permitted. The Company is currently evaluating the provisions of ASU <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2016</div>-<div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">02</div> in order to determine the impact on its results of operations, financial position and liquidity and its related financial statement disclosures. The Company expects the adoption of ASU <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2016</div>-<div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">02</div> <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> may </div>result in an increase to its long-term assets and liabilities on its consolidated balance sheet depending on the resulting impact of any decision by the Company to renew, extend or replace its <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">two</div> existing real estate leases, as the current leases expire; however, the Company does <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">not</div> expect the adoption to have a material impact on its results of operations, financial position and liquidity and its related financial statement disclosures.</div></div> <div style=" font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"> </div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:27pt;margin-right:0pt;margin-top:0pt;text-align:justify;">In <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> August 2016, </div>the FASB issued Accounting Standards Update <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2016</div>-<div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">15,</div> <div style="display: inline; font-family:'Times New Roman', Times, serif;font-size:10pt;"><div style="display: inline; font-style: italic;">Statement of Cash Flows (Topic <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">230</div>): Classification of Certain Cash Receipts and Cash Payments </div>(“ASU <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2016</div>-<div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">15”</div>). ASU <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2016</div>-<div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">15</div><div style="display: inline; font-style: italic;"> </div>provides guidance related to the classification of certain cash receipts and cash payments on the statement of cash flows. The pronouncement provides clarification guidance on <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">eight</div> specific cash flow presentation issues that have developed due to diversity in practice. ASU <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2016</div>-<div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">15</div> is effective for fiscal years beginning after <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> December 15, 2017, </div>including interim periods within that reporting period, with early adoption permitted. The adoption of ASU <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2016</div>-<div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">15</div> is <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">not</div> expected to have a material impact on the Company's results of operations, financial position or liquidity or its related financial statement disclosures. </div></div> <div style=" font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"> </div> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; text-align: center;"></div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:27pt;margin-right:0pt;margin-top:0pt;text-align:justify;">In <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> October 2016, </div>the FASB issued Accounting Standards Update <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2016</div>-<div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">16,</div> <div style="display: inline; font-family:'Times New Roman', Times, serif;font-size:10pt;"><div style="display: inline; font-style: italic;">Income Taxes (Topic <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">740</div>): Intra-Entity Transfers of Assets Other Than Inventory</div> (“ASU <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2016</div>-<div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">16”</div>). ASU <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2016</div>-<div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">16</div> requires an entity to recognize the income tax consequences of an intra-entity transfer of an asset (with the exception of inventory) when the transfer occurs. Under current GAAP, entities are prohibited from recognizing current and deferred income taxes for an intra-entity transfer until the asset is sold to a <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">third</div> party. Examples of assets that would be affected by the new guidance are intellectual property and property, plant and equipment. ASU <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2016</div>-<div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">16</div> is effective for fiscal years beginning after <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> December 15, 2017, </div>including interim periods within that reporting period, with early adoption permitted. The adoption of ASU <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2016</div>-<div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">16</div> is <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">not</div> expected to have a material impact on the Company's results of operations, financial position or liquidity or its related financial statement disclosures. </div></div> <div style=" font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"> </div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:27.35pt;margin-right:0pt;margin-top:0pt;text-align:justify;">There are <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">no</div> <div style="display: inline; font-family:'Times New Roman', Times, serif;font-size:10pt;">other new accounting standards issued, but <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">not</div> yet adopted by the Company, which are expected to materially impact the Company’s financial position, operating results or financial statement disclosures. </div></div> <div style=" font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"> </div></div> | |
| CY2018Q1 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.06 | |
| CY2017Q1 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.09 | |
| CY2018Q1 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
1707354 | |
| CY2018Q1 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0 | |
| CY2017Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0 | |
| CY2018Q1 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
50000000 | |
| CY2017Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
50000000 | |
| CY2018Q1 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
7674938 | |
| CY2017Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
7315605 | |
| CY2018Q1 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
7674938 | |
| CY2017Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
7315605 | |
| CY2018Q1 | us-gaap |
Common Stock Value
CommonStockValue
|
11739876 | |
| CY2017Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
11762021 | |
| CY2018Q1 | us-gaap |
Cost Of Goods Sold
CostOfGoodsSold
|
12322220 | |
| CY2017Q1 | us-gaap |
Cost Of Goods Sold
CostOfGoodsSold
|
9795853 | |
| CY2018Q1 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
408284 | |
| CY2017Q4 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
1340749 | |
| CY2018Q1 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
|
3200000 | |
| CY2018Q1 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
|
P3Y182D | |
| CY2017Q1 | us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
-78482 | |
| CY2018Q1 | us-gaap |
Gross Profit
GrossProfit
|
5228820 | |
| CY2017Q1 | us-gaap |
Gross Profit
GrossProfit
|
4810399 | |
| CY2018Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-449620 | |
| CY2017Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-636367 | |
| CY2018Q1 | us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
-6597 | |
| CY2018Q1 | us-gaap |
Inventory Net
InventoryNet
|
17621540 | |
| CY2018Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-39485 | |
| CY2017Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-20600 | |
| CY2018Q1 | us-gaap |
Income Taxes Receivable Noncurrent
IncomeTaxesReceivableNoncurrent
|
35118 | |
| CY2017Q4 | us-gaap |
Income Taxes Receivable Noncurrent
IncomeTaxesReceivableNoncurrent
|
||
| CY2018Q1 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
2453419 | |
| CY2017Q1 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
465111 | |
| CY2018Q1 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
2392171 | |
| CY2017Q1 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-382725 | |
| CY2018Q1 | us-gaap |
Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
1656 | |
| CY2017Q1 | us-gaap |
Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
-2100 | |
| CY2018Q1 | us-gaap |
Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
|
366605 | |
| CY2017Q1 | us-gaap |
Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
|
5873 | |
| CY2018Q1 | us-gaap |
Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
|
35118 | |
| CY2017Q1 | us-gaap |
Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
|
||
| CY2018Q1 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
840091 | |
| CY2017Q1 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
1017384 | |
| CY2018Q1 | us-gaap |
Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
|
-8616 | |
| CY2017Q1 | us-gaap |
Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
|
-27428 | |
| CY2018Q1 | us-gaap |
Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
|
-49975 | |
| CY2017Q1 | us-gaap |
Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
|
-21437 | |
| CY2018Q1 | us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
35206 | |
| CY2017Q1 | us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
14555 | |
| CY2018Q1 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
642686 | |
| CY2017Q4 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
624264 | |
| CY2018Q1 | us-gaap |
Interest Expense
InterestExpense
|
128826 | |
| CY2017Q1 | us-gaap |
Interest Expense
InterestExpense
|
147813 | |
| CY2018Q1 | us-gaap |
Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
|
5131672 | |
| CY2017Q4 | us-gaap |
Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
|
5869269 | |
| CY2017Q4 | us-gaap |
Inventory Net
InventoryNet
|
16781449 | |
| CY2018Q1 | us-gaap |
Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
|
8705484 | |
| CY2017Q4 | us-gaap |
Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
|
8108433 | |
| CY2018Q1 | us-gaap |
Inventory Supplies Net Of Reserves
InventorySuppliesNetOfReserves
|
282559 | |
| CY2017Q4 | us-gaap |
Inventory Supplies Net Of Reserves
InventorySuppliesNetOfReserves
|
296313 | |
| CY2018Q1 | us-gaap |
Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
|
3501825 | |
| CY2017Q4 | us-gaap |
Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
|
2507434 | |
| CY2018Q1 | us-gaap |
Liabilities
Liabilities
|
19354098 | |
| CY2017Q4 | us-gaap |
Liabilities
Liabilities
|
16449658 | |
| CY2018Q1 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
42611340 | |
| CY2018Q1 | us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
135499 | |
| CY2017Q1 | us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
11279 | |
| CY2018Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
41903 | |
| CY2017Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
68117 | |
| CY2018Q1 | us-gaap |
Preferred Stock No Par Value
PreferredStockNoParValue
|
0 | |
| CY2017Q4 | us-gaap |
Preferred Stock No Par Value
PreferredStockNoParValue
|
0 | |
| CY2018Q1 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
0 | |
| CY2017Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
40139180 | |
| CY2018Q1 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
6973672 | |
| CY2017Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
4196877 | |
| CY2018Q1 | us-gaap |
Long Term Debt
LongTermDebt
|
6609134 | |
| CY2017Q4 | us-gaap |
Long Term Debt
LongTermDebt
|
6670333 | |
| CY2018Q1 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
253266 | |
| CY2017Q4 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
250726 | |
| CY2018Q1 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
6355868 | |
| CY2017Q4 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
6419607 | |
| CY2018Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
3302 | |
| CY2017Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-498631 | |
| CY2018Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-67564 | |
| CY2017Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-65840 | |
| CY2018Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-297958 | |
| CY2017Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-68912 | |
| CY2018Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-410135 | |
| CY2017Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-615767 | |
| CY2018Q1 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-118923 | |
| CY2017Q1 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-217038 | |
| CY2018Q1 | us-gaap |
Notes Payable To Bank Noncurrent
NotesPayableToBankNoncurrent
|
5900000 | |
| CY2017Q4 | us-gaap |
Notes Payable To Bank Noncurrent
NotesPayableToBankNoncurrent
|
5700000 | |
| CY2018Q1 | us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
1 | |
| CY2018Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-330697 | |
| CY2017Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-419329 | |
| CY2018Q1 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
106085 | |
| CY2017Q4 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
200846 | |
| CY2018Q1 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
124558 | |
| CY2017Q4 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
133174 | |
| CY2018Q1 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
9903 | |
| CY2017Q1 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-69225 | |
| CY2018Q1 | us-gaap |
Other Receivables
OtherReceivables
|
22123 | |
| CY2017Q4 | us-gaap |
Other Receivables
OtherReceivables
|
72098 | |
| CY2018Q1 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
||
| CY2017Q1 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
15594 | |
| CY2017Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
0 | |
| CY2018Q1 | us-gaap |
Preferred Units Authorized
PreferredUnitsAuthorized
|
1000000 | |
| CY2017Q4 | us-gaap |
Preferred Units Authorized
PreferredUnitsAuthorized
|
1000000 | |
| CY2018Q1 | us-gaap |
Preferred Units Issued
PreferredUnitsIssued
|
0 | |
| CY2017Q4 | us-gaap |
Preferred Units Issued
PreferredUnitsIssued
|
0 | |
| CY2018Q1 | us-gaap |
Preferred Units Outstanding
PreferredUnitsOutstanding
|
0 | |
| CY2017Q4 | us-gaap |
Preferred Units Outstanding
PreferredUnitsOutstanding
|
0 | |
| CY2018Q1 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
453328 | |
| CY2017Q4 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
418122 | |
| CY2018Q1 | us-gaap |
Proceeds From Bank Debt
ProceedsFromBankDebt
|
750000 | |
| CY2017Q1 | us-gaap |
Proceeds From Bank Debt
ProceedsFromBankDebt
|
||
| CY2018Q1 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
-22145 | |
| CY2018Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
113354 | |
| CY2017Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
148920 | |
| CY2017Q4 | us-gaap |
Product Warranty Accrual
ProductWarrantyAccrual
|
180000 | |
| CY2016Q4 | us-gaap |
Product Warranty Accrual
ProductWarrantyAccrual
|
70000 | |
| CY2018Q1 | us-gaap |
Product Warranty Accrual
ProductWarrantyAccrual
|
140000 | |
| CY2017Q1 | us-gaap |
Product Warranty Accrual
ProductWarrantyAccrual
|
85000 | |
| CY2018Q1 | us-gaap |
Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
|
81996 | |
| CY2017Q1 | us-gaap |
Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
|
32855 | |
| CY2018Q1 | us-gaap |
Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
|
-78312 | |
| CY2017Q1 | us-gaap |
Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
|
-23306 | |
| CY2018Q1 | us-gaap |
Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
|
120308 | |
| CY2017Q1 | us-gaap |
Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
|
71161 | |
| CY2018Q1 | us-gaap |
Product Warranty Expense
ProductWarrantyExpense
|
41996 | |
| CY2017Q1 | us-gaap |
Product Warranty Expense
ProductWarrantyExpense
|
47855 | |
| CY2018Q1 | us-gaap |
Profit Loss
ProfitLoss
|
-410135 | |
| CY2017Q1 | us-gaap |
Profit Loss
ProfitLoss
|
-615767 | |
| CY2018Q1 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
11892289 | |
| CY2017Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
12210692 | |
| CY2018Q1 | us-gaap |
Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
|
611199 | |
| CY2017Q1 | us-gaap |
Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
|
471758 | |
| CY2018Q1 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
11517366 | |
| CY2017Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
11927501 | |
| CY2018Q1 | us-gaap |
Sales Revenue Net
SalesRevenueNet
|
17551040 | |
| CY2017Q1 | us-gaap |
Sales Revenue Net
SalesRevenueNet
|
14606252 | |
| CY2018Q1 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
5557693 | |
| CY2017Q1 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
5192648 | |
| CY2017Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
23689522 | |
| CY2018Q1 | us-gaap |
Taxes Payable Current
TaxesPayableCurrent
|
16806 | |
| CY2017Q4 | us-gaap |
Taxes Payable Current
TaxesPayableCurrent
|
15150 | |
| CY2018Q1 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
6667595 | |
| CY2017Q1 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
6486739 |
