2024 Q3 Form 10-Q Financial Statement

#000165495424010652 Filed on August 14, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $9.050M $11.81M
YoY Change 23.47% 8.26%
Cost Of Revenue $3.548M
YoY Change 26.31%
Gross Profit $8.263M
YoY Change 2.0%
Gross Profit Margin 69.96%
Selling, General & Admin $1.343M $1.383M
YoY Change 3.55% 3.83%
% of Gross Profit 16.74%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $4.242M
YoY Change 31.13%
% of Gross Profit 51.34%
Operating Expenses $6.954M $9.173M
YoY Change 7.41% 24.36%
Operating Profit $2.831M $2.638M
YoY Change 230.72% -25.35%
Interest Expense $93.00K
YoY Change 8.14%
% of Operating Profit 3.53%
Other Income/Expense, Net $84.00K $43.00K
YoY Change -9.68% -50.0%
Pretax Income $2.681M
YoY Change -25.94%
Income Tax
% Of Pretax Income
Net Earnings $2.915M $2.681M
YoY Change 207.17% -25.94%
Net Earnings / Revenue 32.21% 22.7%
Basic Earnings Per Share $0.03 $0.03
Diluted Earnings Per Share $0.03 $0.03
COMMON SHARES
Basic Shares Outstanding 89.29M shares 89.36M shares
Diluted Shares Outstanding 89.43M shares 89.33M shares

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $6.132M
YoY Change -50.8%
Cash & Equivalents $4.619M $6.132M
Short-Term Investments
Other Short-Term Assets $135.0K
YoY Change 170.0%
Inventory
Prepaid Expenses
Receivables $8.627M
Other Receivables $172.0K
Total Short-Term Assets $10.99M $15.07M
YoY Change -42.66% -20.52%
LONG-TERM ASSETS
Property, Plant & Equipment $92.03M
YoY Change 5.78%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $3.010M $2.874M
YoY Change -20.85% -24.74%
Total Long-Term Assets $103.3M $95.92M
YoY Change 12.64% 5.62%
TOTAL ASSETS
Total Short-Term Assets $10.99M $15.07M
Total Long-Term Assets $103.3M $95.92M
Total Assets $114.3M $111.0M
YoY Change 3.09% 1.1%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.288M $1.727M
YoY Change 22.2% 69.48%
Accrued Expenses $2.160M $1.581M
YoY Change -8.24% 19.59%
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $5.226M $5.127M
YoY Change -2.26% 25.91%
LONG-TERM LIABILITIES
Long-Term Debt $0.00
YoY Change
Other Long-Term Liabilities $2.703M
YoY Change -4.35%
Total Long-Term Liabilities $2.703M
YoY Change -4.35%
TOTAL LIABILITIES
Total Short-Term Liabilities $5.226M $5.127M
Total Long-Term Liabilities $2.703M
Total Liabilities $7.773M $7.830M
YoY Change -9.54% 13.51%
SHAREHOLDERS EQUITY
Retained Earnings -$120.1M -$123.0M
YoY Change -1.92% 1.37%
Common Stock $89.00K $89.00K
YoY Change 2.3% 2.3%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $106.5M $103.2M
YoY Change
Total Liabilities & Shareholders Equity $114.3M $111.0M
YoY Change 3.09% 1.1%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income $2.915M $2.681M
YoY Change 207.17% -25.94%
Depreciation, Depletion And Amortization $4.242M
YoY Change 31.13%
Cash From Operating Activities $4.590M
YoY Change -30.37%
INVESTING ACTIVITIES
Capital Expenditures $11.41M
YoY Change 37.98%
Acquisitions
YoY Change
Other Investing Activities $0.00
YoY Change
Cash From Investing Activities -$11.41M
YoY Change 37.98%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities
YoY Change
NET CHANGE
Cash From Operating Activities 4.590M
Cash From Investing Activities -11.41M
Cash From Financing Activities
Net Change In Cash -6.817M
YoY Change 306.99%
FREE CASH FLOW
Cash From Operating Activities $4.590M
Capital Expenditures $11.41M
Free Cash Flow -$6.817M
YoY Change 306.99%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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dei Entity Incorporation State Country Code
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TX
dei Entity Tax Identification Number
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P2Y10M24D
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
935667 shares
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
1.35
us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageRemainingContractualTerm2
P1Y10M24D
CY2024Q2 us-gaap Net Income Loss
NetIncomeLoss
2681000 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
1574000 usd
us-gaap Net Income Loss
NetIncomeLoss
3454000 usd
us-gaap Net Income Loss
NetIncomeLoss
3336000 usd
CY2024Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
89326805 shares
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
87040267 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
89040322 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
86881427 shares
CY2024Q2 us-gaap Dilutive Securities
DilutiveSecurities
0 usd
CY2023Q2 us-gaap Dilutive Securities
DilutiveSecurities
0 usd
us-gaap Dilutive Securities
DilutiveSecurities
0 usd
us-gaap Dilutive Securities
DilutiveSecurities
0 usd
CY2024Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
89326805 shares
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
87040267 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
89040322 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
86881427 shares
CY2024Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.03
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.02
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.04
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.04
CY2024Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.03
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.02
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.04
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.04
CY2024Q2 ped Share Equivalents Related To Options To Purchase Of Commmon Stock
ShareEquivalentsRelatedToOptionsToPurchaseOfCommmonStock
1835667 shares
CY2023Q2 ped Share Equivalents Related To Options To Purchase Of Commmon Stock
ShareEquivalentsRelatedToOptionsToPurchaseOfCommmonStock
1926001 shares
ped Share Equivalents Related To Options To Purchase Of Commmon Stock
ShareEquivalentsRelatedToOptionsToPurchaseOfCommmonStock
1835667 shares
ped Share Equivalents Related To Options To Purchase Of Commmon Stock
ShareEquivalentsRelatedToOptionsToPurchaseOfCommmonStock
1926001 shares

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