2019 Q1 Form 10-Q Financial Statement

#000143774919009182 Filed on May 09, 2019

View on sec.gov

Income Statement

Concept 2019 Q1 2018 Q1
Revenue $4.500M $3.636M
YoY Change 23.76% 24.82%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $150.0K $130.0K
YoY Change 15.38% -7.14%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $813.0K
YoY Change
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $1.141M $998.0K
YoY Change 14.33% 18.11%
Income Tax $274.0K $244.0K
% Of Pretax Income 24.01% 24.45%
Net Earnings $867.0K $754.0K
YoY Change 14.99% 40.67%
Net Earnings / Revenue 19.27% 20.74%
Basic Earnings Per Share $0.28 $0.24
Diluted Earnings Per Share $0.28 $0.24
COMMON SHARES
Basic Shares Outstanding 3.140M 3.121M
Diluted Shares Outstanding 3.144M 3.124M

Balance Sheet

Concept 2019 Q1 2018 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $66.81M $22.18M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $7.055M $4.936M
YoY Change 42.93% -3.04%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $426.8M $358.3M
YoY Change 19.13% 13.55%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $1.700M $2.100M
YoY Change -19.05% 23.53%
Total Long-Term Liabilities $1.700M $2.100M
YoY Change -19.05% 23.53%
TOTAL LIABILITIES
Total Short-Term Liabilities
Total Long-Term Liabilities $1.700M $2.100M
Total Liabilities $375.2M $311.4M
YoY Change 20.49% 8.12%
SHAREHOLDERS EQUITY
Retained Earnings $13.51M $9.727M
YoY Change 38.84% 39.78%
Common Stock $38.42M $38.05M
YoY Change 0.95% 83.06%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $51.68M $46.94M
YoY Change
Total Liabilities & Shareholders Equity $426.8M $358.3M
YoY Change 19.13% 13.55%

Cashflow Statement

Concept 2019 Q1 2018 Q1
OPERATING ACTIVITIES
Net Income $867.0K $754.0K
YoY Change 14.99% 40.67%
Depreciation, Depletion And Amortization $150.0K $130.0K
YoY Change 15.38% -7.14%
Cash From Operating Activities -$299.0K $996.0K
YoY Change -130.02% -31.83%
INVESTING ACTIVITIES
Capital Expenditures $2.552M $196.0K
YoY Change 1202.04% -34.45%
Acquisitions
YoY Change
Other Investing Activities -$2.450M -$21.73M
YoY Change -88.73% 68.58%
Cash From Investing Activities -$5.003M -$21.92M
YoY Change -77.18% 66.19%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 24.07M 10.70M
YoY Change 124.88% -0.57%
NET CHANGE
Cash From Operating Activities -299.0K 996.0K
Cash From Investing Activities -5.003M -21.92M
Cash From Financing Activities 24.07M 10.70M
Net Change In Cash 18.77M -10.22M
YoY Change -283.59% 959.27%
FREE CASH FLOW
Cash From Operating Activities -$299.0K $996.0K
Capital Expenditures $2.552M $196.0K
Free Cash Flow -$2.851M $800.0K
YoY Change -456.38% -31.15%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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CY2019Q1 us-gaap Preferred Stock Value
PreferredStockValue
CY2018Q4 us-gaap Preferred Stock Value
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CY2019Q1 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:45pt;margin-right:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-style: italic;">Reclassifications. </div></div>Certain reclassifications of prior period amounts have been made to conform to the current period presentation.<div style="display: inline; font-weight: bold;"><div style="display: inline; font-style: italic;"> </div></div></div></div></div></div>
CY2019Q1 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
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CY2018Q1 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
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CY2019Q1 us-gaap Provision For Loan Lease And Other Losses
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CY2018Q1 us-gaap Provision For Loan Lease And Other Losses
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CY2019Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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CY2019Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
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11.37
CY2019Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
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CY2019Q1 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
CY2018Q1 us-gaap Stock Issued During Period Value Share Based Compensation Gross
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17000
CY2019Q1 us-gaap Stock Issued During Period Value Share Based Compensation Gross
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12000
CY2018Q4 us-gaap Tier One Leverage Capital Required For Capital Adequacy To Average Assets
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CY2018Q4 us-gaap Tier One Leverage Capital Required For Capital Adequacy
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CY2019Q1 us-gaap Tier One Leverage Capital Required For Capital Adequacy To Average Assets
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CY2019Q1 us-gaap Tier One Leverage Capital Required To Be Well Capitalized
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CY2018Q4 us-gaap Tier One Leverage Capital Required To Be Well Capitalized
TierOneLeverageCapitalRequiredToBeWellCapitalized
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CY2019Q1 us-gaap Tier One Leverage Capital Required To Be Well Capitalized To Average Assets
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CY2018Q4 us-gaap Tier One Leverage Capital Required To Be Well Capitalized To Average Assets
TierOneLeverageCapitalRequiredToBeWellCapitalizedToAverageAssets
0.05
CY2019Q1 us-gaap Tier One Leverage Capital To Average Assets
TierOneLeverageCapitalToAverageAssets
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CY2018Q4 us-gaap Tier One Leverage Capital To Average Assets
TierOneLeverageCapitalToAverageAssets
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CY2019Q1 us-gaap Tier One Risk Based Capital
TierOneRiskBasedCapital
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CY2018Q4 us-gaap Tier One Risk Based Capital
TierOneRiskBasedCapital
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CY2019Q1 us-gaap Tier One Risk Based Capital Required For Capital Adequacy
TierOneRiskBasedCapitalRequiredForCapitalAdequacy
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CY2018Q4 us-gaap Tier One Risk Based Capital Required For Capital Adequacy
TierOneRiskBasedCapitalRequiredForCapitalAdequacy
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CY2019Q1 us-gaap Tier One Risk Based Capital Required For Capital Adequacy To Risk Weighted Assets
TierOneRiskBasedCapitalRequiredForCapitalAdequacyToRiskWeightedAssets
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CY2018Q4 us-gaap Tier One Risk Based Capital Required For Capital Adequacy To Risk Weighted Assets
TierOneRiskBasedCapitalRequiredForCapitalAdequacyToRiskWeightedAssets
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CY2019Q1 us-gaap Tier One Risk Based Capital Required To Be Well Capitalized
TierOneRiskBasedCapitalRequiredToBeWellCapitalized
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CY2018Q4 us-gaap Tier One Risk Based Capital Required To Be Well Capitalized
TierOneRiskBasedCapitalRequiredToBeWellCapitalized
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CY2019Q1 us-gaap Tier One Risk Based Capital Required To Be Well Capitalized To Risk Weighted Assets
TierOneRiskBasedCapitalRequiredToBeWellCapitalizedToRiskWeightedAssets
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CY2018Q4 us-gaap Tier One Risk Based Capital Required To Be Well Capitalized To Risk Weighted Assets
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CY2019Q1 us-gaap Tier One Risk Based Capital To Risk Weighted Assets
TierOneRiskBasedCapitalToRiskWeightedAssets
0.13
CY2018Q4 us-gaap Tier One Risk Based Capital To Risk Weighted Assets
TierOneRiskBasedCapitalToRiskWeightedAssets
0.129
CY2019Q1 us-gaap Time Deposits
TimeDeposits
45743000
CY2018Q4 us-gaap Time Deposits
TimeDeposits
41296000
CY2019Q1 us-gaap Unamortized Loan Commitment And Origination Fees And Unamortized Discounts Or Premiums
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469000
CY2018Q4 us-gaap Unamortized Loan Commitment And Origination Fees And Unamortized Discounts Or Premiums
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460000
CY2019Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
3144071
CY2018Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
3123505
CY2019Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
3140401
CY2018Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
3120613

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