$OCC
OPTICAL CABLE CORP

2018 Q2 Form 10-Q Financial Statement

#000143774918011550 Filed on June 11, 2018

View on sec.gov

Income Statement

Concept 2018 Q2 2017 Q2
Revenue $26.89M $15.85M
YoY Change 69.67% -3.02%
Cost Of Revenue $17.93M $10.18M
YoY Change 76.07% -13.61%
Gross Profit $8.956M $5.663M
YoY Change 58.15% 24.43%
Gross Profit Margin 33.31% 35.73%
Selling, General & Admin $7.401M $5.899M
YoY Change 25.47% 10.22%
% of Gross Profit 82.63% 104.16%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $450.0K $300.0K
YoY Change 50.0% -40.0%
% of Gross Profit 5.02% 5.3%
Operating Expenses $7.401M $5.899M
YoY Change 25.47% 10.22%
Operating Profit $1.558M -$280.5K
YoY Change -655.47% -67.22%
Interest Expense $152.5K $118.2K
YoY Change 29.04% -12.93%
% of Operating Profit 9.79%
Other Income/Expense, Net -$151.6K $49.24K
YoY Change -407.82% -135.95%
Pretax Income $1.407M -$231.3K
YoY Change -708.19% -76.7%
Income Tax $15.71K $7.812K
% Of Pretax Income 1.12%
Net Earnings $1.391M -$239.1K
YoY Change -681.75% -75.68%
Net Earnings / Revenue 5.17% -1.51%
Basic Earnings Per Share
Diluted Earnings Per Share $181.0K -$36.98K
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2018 Q2 2017 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $280.0K $800.0K
YoY Change -65.0% 21.21%
Cash & Equivalents $278.4K $797.0K
Short-Term Investments
Other Short-Term Assets $580.0K $560.0K
YoY Change 3.57% 14.29%
Inventory $18.76M $17.54M
Prepaid Expenses
Receivables $20.68M $9.504M
Other Receivables $20.00K $40.00K
Total Short-Term Assets $40.32M $28.43M
YoY Change 41.82% 5.4%
LONG-TERM ASSETS
Property, Plant & Equipment $11.90M $12.60M
YoY Change -5.54% -11.58%
Goodwill
YoY Change
Intangibles $619.4K $585.9K
YoY Change 5.73% 2.69%
Long-Term Investments
YoY Change
Other Assets $96.97K $369.3K
YoY Change -73.74% -7.28%
Total Long-Term Assets $12.69M $13.56M
YoY Change -6.43% -10.93%
TOTAL ASSETS
Total Short-Term Assets $40.32M $28.43M
Total Long-Term Assets $12.69M $13.56M
Total Assets $53.01M $41.99M
YoY Change 26.25% -0.49%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $9.890M $4.530M
YoY Change 118.32% 7.35%
Accrued Expenses $2.500M $1.350M
YoY Change 85.19% 17.39%
Deferred Revenue
YoY Change
Short-Term Debt $1.680M $0.00
YoY Change -100.0%
Long-Term Debt Due $255.8K $251.2K
YoY Change 1.81% -12.75%
Total Short-Term Liabilities $14.38M $6.157M
YoY Change 133.57% -0.49%
LONG-TERM LIABILITIES
Long-Term Debt $6.290M $6.546M
YoY Change -3.91% -3.74%
Other Long-Term Liabilities $128.5K $155.0K
YoY Change -17.07% 29.71%
Total Long-Term Liabilities $6.419M $6.701M
YoY Change -4.21% -3.16%
TOTAL LIABILITIES
Total Short-Term Liabilities $14.38M $6.157M
Total Long-Term Liabilities $6.419M $6.701M
Total Liabilities $27.80M $17.76M
YoY Change 56.55% -4.56%
SHAREHOLDERS EQUITY
Retained Earnings $12.91M $12.81M
YoY Change 0.74% 0.3%
Common Stock $12.30M $11.42M
YoY Change 7.73% 5.59%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $25.21M $24.23M
YoY Change
Total Liabilities & Shareholders Equity $53.01M $41.99M
YoY Change 26.25% -0.49%

Cashflow Statement

Concept 2018 Q2 2017 Q2
OPERATING ACTIVITIES
Net Income $1.391M -$239.1K
YoY Change -681.75% -75.68%
Depreciation, Depletion And Amortization $450.0K $300.0K
YoY Change 50.0% -40.0%
Cash From Operating Activities -$2.750M -$430.0K
YoY Change 539.53% -174.14%
INVESTING ACTIVITIES
Capital Expenditures -$160.0K -$130.0K
YoY Change 23.08% -45.83%
Acquisitions
YoY Change
Other Investing Activities $0.00
YoY Change
Cash From Investing Activities -$160.0K -$130.0K
YoY Change 23.08% -48.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 2.660M 120.0K
YoY Change 2116.67% -157.14%
NET CHANGE
Cash From Operating Activities -2.750M -430.0K
Cash From Investing Activities -160.0K -130.0K
Cash From Financing Activities 2.660M 120.0K
Net Change In Cash -250.0K -440.0K
YoY Change -43.18% -466.67%
FREE CASH FLOW
Cash From Operating Activities -$2.750M -$430.0K
Capital Expenditures -$160.0K -$130.0K
Free Cash Flow -$2.590M -$300.0K
YoY Change 763.33% -136.59%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
occ Payments For Proceeds From Intangible Assets
PaymentsForProceedsFromIntangibleAssets
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occ Payments For Proceeds From Intangible Assets
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occ Provision For Recovery Of Doubtful Accounts
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occ Provision For Recovery Of Doubtful Accounts
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occ Royalty Revenue Expense
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occ Royalty Revenue Expense
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us-gaap Stock Issued During Period Value Share Based Compensation
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CY2018Q2 us-gaap Commitments And Contingencies
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CY2018Q2 us-gaap Allocated Share Based Compensation Expense
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us-gaap Allowance For Doubtful Accounts Receivable Write Offs
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us-gaap Allowance For Doubtful Accounts Receivable Write Offs
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CY2018Q2 us-gaap Amortization Of Intangible Assets
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us-gaap Amortization Of Intangible Assets
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us-gaap Amortization Of Intangible Assets
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CY2017Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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CY2018Q2 us-gaap Assets
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us-gaap Cash And Cash Equivalents Period Increase Decrease
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us-gaap Cash And Cash Equivalents Period Increase Decrease
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us-gaap Gain Loss On Sale Of Property Plant Equipment
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CY2018Q2 us-gaap Common Stock Par Or Stated Value Per Share
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us-gaap Depreciation Depletion And Amortization
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us-gaap Depreciation Depletion And Amortization
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us-gaap Description Of New Accounting Pronouncements Not Yet Adopted
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<div style="display: inline; font-family: times new roman; font-size: 10pt"><div style=" margin: 0pt 0pt 0pt 27.35pt; text-align: left; text-indent: -27.35pt; font-family: &quot;Times New Roman&quot;, 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;">11</div>)&nbsp;&nbsp; &nbsp; New Accounting Standards <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">Not</div> Yet Adopted</div></div> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</div> <div style=" margin: 0pt 0pt 0pt 27pt; text-align: justify; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">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-style: italic;">Revenue from Contracts with Customers </div>(&#x201c;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&#x201d;</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>(&#x201c;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&#x201d;</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 style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</div> <div style=" margin: 0pt 0pt 0pt 27pt; text-align: justify; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">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-style: italic;">Leases</div> (&#x201c;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&#x201d;</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 style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</div> <div style=" margin: 0pt 0pt 0pt 27pt; text-align: justify; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">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-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>(&#x201c;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&#x201d;</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;">&nbsp;&nbsp;&nbsp;</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 style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</div><div style=" margin: 0pt; text-align: left; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"></div> <div style=" margin: 0pt 0pt 0pt 27pt; text-align: justify; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">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-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> (&#x201c;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&#x201d;</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.&nbsp; 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.&nbsp; Examples of assets that would be affected by the new guidance are intellectual property and property, plant and equipment.&nbsp; 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 style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</div> <div style=" margin: 0pt 0pt 0pt 27.35pt; text-align: justify; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">There are <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">no</div> 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&#x2019;s financial position, operating results or financial statement disclosures.</div> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"></div></div>
CY2018Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.18
CY2017Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.04
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.13
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.13
CY2018Q2 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
2495426
CY2017Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
1340749
CY2018Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
2700000
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P3Y146D
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-6597
CY2017Q2 us-gaap Gross Profit
GrossProfit
5663039
CY2018Q2 us-gaap Gross Profit
GrossProfit
8956275
CY2018Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
7400779
CY2017Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
5898502
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
12958472
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
11091150
us-gaap Share Based Compensation
ShareBasedCompensation
702859
us-gaap Share Based Compensation
ShareBasedCompensation
431013
us-gaap Gross Profit
GrossProfit
14185095
us-gaap Gross Profit
GrossProfit
10473438
CY2018Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1406570
CY2017Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-231270
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
956950
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-867637
CY2018Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
15705
CY2017Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
7812
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-23780
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-12788
CY2018Q2 us-gaap Income Taxes Receivable Noncurrent
IncomeTaxesReceivableNoncurrent
66127
CY2017Q4 us-gaap Income Taxes Receivable Noncurrent
IncomeTaxesReceivableNoncurrent
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
7054110
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
1842164
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
11747218
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
598894
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
45404
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
5712
us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
1154677
us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
175086
us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
66127
us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
1982126
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
2515733
us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
-4649
us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
194832
us-gaap Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
-50181
us-gaap Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
-37512
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
105049
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
125232
CY2018Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
619430
CY2017Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
624264
CY2018Q2 us-gaap Interest Expense
InterestExpense
152467
CY2017Q2 us-gaap Interest Expense
InterestExpense
118153
us-gaap Interest Expense
InterestExpense
281293
us-gaap Interest Expense
InterestExpense
265966
CY2018Q2 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
4831941
CY2017Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
5869269
CY2018Q2 us-gaap Inventory Net
InventoryNet
18763575
CY2017Q4 us-gaap Inventory Net
InventoryNet
16781449
CY2018Q2 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
10015377
CY2017Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
8108433
CY2018Q2 us-gaap Inventory Supplies Net Of Reserves
InventorySuppliesNetOfReserves
295214
CY2017Q4 us-gaap Inventory Supplies Net Of Reserves
InventorySuppliesNetOfReserves
296313
CY2018Q2 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
3621043
CY2017Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
2507434
CY2018Q2 us-gaap Liabilities Current
LiabilitiesCurrent
14381552
CY2017Q4 us-gaap Liabilities Current
LiabilitiesCurrent
4196877
CY2018Q2 us-gaap Long Term Debt
LongTermDebt
6545861
CY2017Q4 us-gaap Long Term Debt
LongTermDebt
6670333
CY2018Q2 us-gaap Liabilities
Liabilities
27800163
CY2017Q4 us-gaap Liabilities
Liabilities
16449658
CY2018Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
53008152
CY2017Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
40139180
CY2018Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
255775
CY2017Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
250726
CY2018Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
6290086
CY2017Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
6419607
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
2661709
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-377783
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-227404
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-202986
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-3047093
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-501268
CY2018Q2 us-gaap Net Income Loss
NetIncomeLoss
1390865
CY2017Q2 us-gaap Net Income Loss
NetIncomeLoss
-239082
us-gaap Net Income Loss
NetIncomeLoss
980730
us-gaap Net Income Loss
NetIncomeLoss
-854849
CY2018Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-151577
CY2017Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
49242
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-270500
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-167796
CY2018Q2 us-gaap Notes Payable To Bank Current
NotesPayableToBankCurrent
1681303
CY2017Q4 us-gaap Notes Payable To Bank Current
NotesPayableToBankCurrent
CY2018Q2 us-gaap Notes Payable To Bank Noncurrent
NotesPayableToBankNoncurrent
7000000
CY2017Q4 us-gaap Notes Payable To Bank Noncurrent
NotesPayableToBankNoncurrent
5700000
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1
CY2018Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
1558147
CY2017Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-280512
us-gaap Operating Income Loss
OperatingIncomeLoss
1227450
us-gaap Operating Income Loss
OperatingIncomeLoss
-699841
CY2018Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
96973
CY2017Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
200846
CY2018Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
128525
CY2017Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
133174
CY2018Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
890
CY2017Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
167395
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
10793
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
98170
CY2018Q2 us-gaap Other Receivables
OtherReceivables
21917
CY2017Q4 us-gaap Other Receivables
OtherReceivables
72098
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
47
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
16553
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
30000
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
17500
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
165075
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
94815
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
215946
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
180151
CY2018Q2 us-gaap Preferred Stock No Par Value
PreferredStockNoParValue
0
CY2018Q2 us-gaap Preferred Units Issued
PreferredUnitsIssued
0
CY2017Q4 us-gaap Preferred Units Issued
PreferredUnitsIssued
0
CY2018Q2 us-gaap Preferred Units Outstanding
PreferredUnitsOutstanding
0
CY2017Q4 us-gaap Preferred Stock No Par Value
PreferredStockNoParValue
0
CY2018Q2 us-gaap Preferred Stock Value
PreferredStockValue
0
CY2017Q4 us-gaap Preferred Stock Value
PreferredStockValue
0
CY2018Q2 us-gaap Preferred Units Authorized
PreferredUnitsAuthorized
1000000
CY2017Q4 us-gaap Preferred Units Authorized
PreferredUnitsAuthorized
1000000
CY2017Q4 us-gaap Preferred Units Outstanding
PreferredUnitsOutstanding
0
CY2018Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
575506
CY2017Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
418122
us-gaap Proceeds From Bank Debt
ProceedsFromBankDebt
4050000
us-gaap Proceeds From Bank Debt
ProceedsFromBankDebt
500000
CY2017Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
180000
CY2016Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
70000
CY2018Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
195000
CY2017Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
95000
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
119181
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
56638
us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
-45313
us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
-20186
us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
179494
us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
101824
CY2018Q2 us-gaap Product Warranty Expense
ProductWarrantyExpense
92185
us-gaap Product Warranty Expense
ProductWarrantyExpense
134181
CY2017Q2 us-gaap Product Warranty Expense
ProductWarrantyExpense
33783
us-gaap Product Warranty Expense
ProductWarrantyExpense
81638
us-gaap Profit Loss
ProfitLoss
980730
us-gaap Profit Loss
ProfitLoss
-854849
CY2018Q2 us-gaap Profit Loss
ProfitLoss
1390865
CY2017Q2 us-gaap Profit Loss
ProfitLoss
-239082
CY2018Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
11903341
CY2017Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
12210692
us-gaap Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
1193169
us-gaap Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
748915
CY2018Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
12908184
CY2017Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
11927501
CY2018Q2 us-gaap Revenues
Revenues
26887689
CY2017Q2 us-gaap Revenues
Revenues
15847473
us-gaap Revenues
Revenues
44438729
us-gaap Revenues
Revenues
30453725
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
7489843
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
6520582
us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
-47
CY2018Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
25207989
CY2017Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
23689522
CY2018Q2 us-gaap Taxes Payable Current
TaxesPayableCurrent
60554
CY2017Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
15150
CY2018Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
7675129
CY2017Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
6488328

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