2017 Form 10-K Financial Statement
#000161577417007478 Filed on December 20, 2017
Income Statement
| Concept | 2017 | 2016 |
|---|---|---|
| Revenue | $18.55M | $17.28M |
| YoY Change | 7.34% | 32.88% |
| Cost Of Revenue | $15.13M | $14.23M |
| YoY Change | 6.36% | 22.48% |
| Gross Profit | $3.414M | $3.051M |
| YoY Change | 11.9% | 120.13% |
| Gross Profit Margin | 18.41% | 17.66% |
| Selling, General & Admin | $3.210M | $3.962M |
| YoY Change | -18.98% | 40.2% |
| % of Gross Profit | 94.02% | 129.86% |
| Research & Development | ||
| YoY Change | ||
| % of Gross Profit | ||
| Depreciation & Amortization | $337.0K | $345.0K |
| YoY Change | -2.32% | 3.29% |
| % of Gross Profit | 9.87% | 11.31% |
| Operating Expenses | $3.210M | $3.962M |
| YoY Change | -18.98% | 40.2% |
| Operating Profit | $204.0K | -$911.0K |
| YoY Change | -122.39% | -36.74% |
| Interest Expense | -$508.0K | $703.0K |
| YoY Change | -172.26% | -492.74% |
| % of Operating Profit | -249.02% | |
| Other Income/Expense, Net | ||
| YoY Change | ||
| Pretax Income | -$304.0K | -$208.0K |
| YoY Change | 46.15% | -142.36% |
| Income Tax | $0.00 | $0.00 |
| % Of Pretax Income | ||
| Net Earnings | -$304.0K | -$208.0K |
| YoY Change | 46.15% | -142.36% |
| Net Earnings / Revenue | -1.64% | -1.2% |
| Basic Earnings Per Share | ||
| Diluted Earnings Per Share | -$38.02K | -$134.5K |
| COMMON SHARES | ||
| Basic Shares Outstanding | ||
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2017 | 2016 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $1.682M | $2.568M |
| YoY Change | -34.5% | 275.99% |
| Cash & Equivalents | $1.682M | $2.568M |
| Short-Term Investments | ||
| Other Short-Term Assets | $63.00K | $120.0K |
| YoY Change | -47.5% | -29.41% |
| Inventory | $7.614M | $6.214M |
| Prepaid Expenses | ||
| Receivables | $3.125M | $2.095M |
| Other Receivables | $0.00 | $0.00 |
| Total Short-Term Assets | $12.48M | $11.00M |
| YoY Change | 13.52% | 16.59% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $1.460M | $1.651M |
| YoY Change | -11.57% | -16.24% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | $83.00K | $113.0K |
| YoY Change | -26.55% | -20.98% |
| Total Long-Term Assets | $1.543M | $1.764M |
| YoY Change | -12.53% | -16.56% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $12.48M | $11.00M |
| Total Long-Term Assets | $1.543M | $1.764M |
| Total Assets | $14.03M | $12.76M |
| YoY Change | 9.92% | 10.52% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $1.362M | $706.0K |
| YoY Change | 92.92% | 22.78% |
| Accrued Expenses | $1.624M | $838.0K |
| YoY Change | 93.79% | -0.24% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $300.0K | $300.0K |
| YoY Change | 0.0% | -63.28% |
| Long-Term Debt Due | ||
| YoY Change | ||
| Total Short-Term Liabilities | $4.474M | $2.403M |
| YoY Change | 86.18% | -27.69% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Other Long-Term Liabilities | $3.607M | $3.118M |
| YoY Change | 15.68% | 4696.92% |
| Total Long-Term Liabilities | $3.607M | $3.118M |
| YoY Change | 15.68% | 4696.92% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $4.474M | $2.403M |
| Total Long-Term Liabilities | $3.607M | $3.118M |
| Total Liabilities | $8.081M | $5.521M |
| YoY Change | 46.37% | 62.96% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | ||
| YoY Change | ||
| Common Stock | ||
| YoY Change | ||
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | $5.946M | $7.240M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $14.03M | $12.76M |
| YoY Change | 9.92% | 10.52% |
Cashflow Statement
| Concept | 2017 | 2016 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$304.0K | -$208.0K |
| YoY Change | 46.15% | -142.36% |
| Depreciation, Depletion And Amortization | $337.0K | $345.0K |
| YoY Change | -2.32% | 3.29% |
| Cash From Operating Activities | $16.00K | -$539.0K |
| YoY Change | -102.97% | -55.75% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | -$149.0K | -$34.00K |
| YoY Change | 338.24% | -98.38% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | $41.00K | $4.000K |
| YoY Change | 925.0% | -86.67% |
| Cash From Investing Activities | -$108.0K | -$30.00K |
| YoY Change | 260.0% | -98.55% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | -794.0K | 2.454M |
| YoY Change | -132.36% | 7.35% |
| NET CHANGE | ||
| Cash From Operating Activities | 16.00K | -539.0K |
| Cash From Investing Activities | -108.0K | -30.00K |
| Cash From Financing Activities | -794.0K | 2.454M |
| Net Change In Cash | -886.0K | 1.885M |
| YoY Change | -147.0% | -288.12% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | $16.00K | -$539.0K |
| Capital Expenditures | -$149.0K | -$34.00K |
| Free Cash Flow | $165.0K | -$505.0K |
| YoY Change | -132.67% | -157.26% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2016 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-208000 | USD |
| CY2017 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
220000 | USD |
| CY2016 | opxs |
Income Tax Expense Benefit Percentage
IncomeTaxExpenseBenefitPercentage
|
0.00 | pure |
| CY2016 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
192000 | USD |
