$PCYN
PROCYON CORP

2019 Q4 Form 10-Q Financial Statement

#000143774920003043 Filed on February 19, 2020

View on sec.gov

Income Statement

Concept 2019 Q4 2018 Q4
Revenue $1.128M $914.5K
YoY Change 23.32% -10.15%
Cost Of Revenue $325.1K $239.9K
YoY Change 35.53% -12.1%
Gross Profit $802.6K $674.6K
YoY Change 18.97% -9.44%
Gross Profit Margin 71.17% 73.77%
Selling, General & Admin $382.1K $374.3K
YoY Change 2.07% 14.89%
% of Gross Profit 47.61% 55.49%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $13.90K $16.16K
YoY Change -13.99% 61.6%
% of Gross Profit 1.73% 2.4%
Operating Expenses $382.1K $374.3K
YoY Change 2.07% 14.89%
Operating Profit $2.951K -$73.06K
YoY Change -104.04% -441.04%
Interest Expense $1.186K
YoY Change
% of Operating Profit 40.19%
Other Income/Expense, Net $1.186K $967.00
YoY Change 22.65% 401.04%
Pretax Income $4.137K -$72.10K
YoY Change -105.74% -433.53%
Income Tax $4.342K -$4.028K
% Of Pretax Income 104.96%
Net Earnings -$204.00 -$68.07K
YoY Change -99.7% -81.92%
Net Earnings / Revenue -0.02% -7.44%
Basic Earnings Per Share $0.00 -$0.01
Diluted Earnings Per Share $0.00 -$0.01
COMMON SHARES
Basic Shares Outstanding 8.087M 8.077M
Diluted Shares Outstanding 8.319M 8.077M

Balance Sheet

Concept 2019 Q4 2018 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $251.7K $489.5K
YoY Change -48.59% 122.52%
Cash & Equivalents $96.63K $335.7K
Short-Term Investments $155.1K $153.8K
Other Short-Term Assets $278.8K $227.9K
YoY Change 22.3% -8.83%
Inventory $590.8K $486.6K
Prepaid Expenses
Receivables $631.6K $316.0K
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.753M $1.520M
YoY Change 15.32% 8.8%
LONG-TERM ASSETS
Property, Plant & Equipment $471.9K $493.8K
YoY Change -4.43% -1.18%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $417.6K $413.8K
YoY Change 0.9% 18.19%
Total Long-Term Assets $889.5K $907.6K
YoY Change -2.0% 6.8%
TOTAL ASSETS
Total Short-Term Assets $1.753M $1.520M
Total Long-Term Assets $889.5K $907.6K
Total Assets $2.642M $2.428M
YoY Change 8.84% 8.05%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $112.8K $197.5K
YoY Change -42.87% 33.06%
Accrued Expenses $381.5K $178.9K
YoY Change 113.22% -0.59%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $220.00
YoY Change
Total Short-Term Liabilities $494.4K $376.7K
YoY Change 31.24% 15.62%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $12.30K
YoY Change
Total Long-Term Liabilities $12.30K $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $494.4K $376.7K
Total Long-Term Liabilities $12.30K $0.00
Total Liabilities $506.7K $376.7K
YoY Change 34.51% 14.15%
SHAREHOLDERS EQUITY
Retained Earnings -$2.452M -$2.537M
YoY Change -3.34% -4.95%
Common Stock $4.445M $4.445M
YoY Change 0.0% 0.23%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.136M $2.051M
YoY Change
Total Liabilities & Shareholders Equity $2.642M $2.428M
YoY Change 8.84% 8.05%

Cashflow Statement

Concept 2019 Q4 2018 Q4
OPERATING ACTIVITIES
Net Income -$204.00 -$68.07K
YoY Change -99.7% -81.92%
Depreciation, Depletion And Amortization $13.90K $16.16K
YoY Change -13.99% 61.6%
Cash From Operating Activities -$171.7K -$114.8K
YoY Change 49.64% 186.9%
INVESTING ACTIVITIES
Capital Expenditures -$7.480K $2.420K
YoY Change -409.09% -124.2%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$7.480K $2.420K
YoY Change -409.09% -103.46%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -12.74K -2.230K
YoY Change 471.3% -103.72%
NET CHANGE
Cash From Operating Activities -171.7K -114.8K
Cash From Investing Activities -7.480K 2.420K
Cash From Financing Activities -12.74K -2.230K
Net Change In Cash -192.0K -114.6K
YoY Change 67.54% 129.14%
FREE CASH FLOW
Cash From Operating Activities -$171.7K -$114.8K
Capital Expenditures -$7.480K $2.420K
Free Cash Flow -$164.3K -$117.2K
YoY Change 40.17% 290.6%

Facts In Submission

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CY2019Q2 us-gaap Preferred Stock Value
PreferredStockValue
CY2019Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
278754
CY2019Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
244494
us-gaap Proceeds From Deposits With Other Institutions
ProceedsFromDepositsWithOtherInstitutions
us-gaap Proceeds From Deposits With Other Institutions
ProceedsFromDepositsWithOtherInstitutions
50772
CY2019Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
471908
CY2019Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
488460
us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
1894
CY2019Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-2451816
CY2019Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-2528514
CY2019Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
496000000
CY2019Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
496000000
CY2019Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2019Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2019Q4 us-gaap Preferred Stock Value
PreferredStockValue
CY2019Q3 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
73719
CY2019Q4 us-gaap Salaries Wages And Officers Compensation
SalariesWagesAndOfficersCompensation
417518
CY2018Q4 us-gaap Salaries Wages And Officers Compensation
SalariesWagesAndOfficersCompensation
373299
us-gaap Salaries Wages And Officers Compensation
SalariesWagesAndOfficersCompensation
810707
us-gaap Salaries Wages And Officers Compensation
SalariesWagesAndOfficersCompensation
732734
CY2019Q4 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
382096
CY2018Q4 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
374334
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
736737
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
679616
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
65000
CY2018Q4 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
2135695
CY2019Q2 us-gaap Stockholders Equity
StockholdersEquity
2058997
CY2019Q3 us-gaap Stockholders Equity
StockholdersEquity
2135899
CY2018Q2 us-gaap Stockholders Equity
StockholdersEquity
2031773
CY2018Q3 us-gaap Stockholders Equity
StockholdersEquity
2119053
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
2050986
CY2019Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0
CY2019Q4 us-gaap Variable Lease Cost
VariableLeaseCost
11666
CY2019Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
8077388
CY2018Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
8077388
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
8319488
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
8319488
CY2019Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
8077388
CY2018Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
8077388
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
8077388
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
8077388

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