2021 Q1 Form 10-Q Financial Statement

#000156459021028371 Filed on May 17, 2021

View on sec.gov

Income Statement

Concept 2021 Q1 2020 Q1
Revenue $35.10M $25.33M
YoY Change 38.58% -4.95%
Cost Of Revenue $28.66M $20.79M
YoY Change 37.87% -5.96%
Gross Profit $6.440M $4.540M
YoY Change 41.85% -0.06%
Gross Profit Margin 18.35% 17.92%
Selling, General & Admin $4.263M $4.410M
YoY Change -3.34% 4.65%
% of Gross Profit 66.19% 97.14%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $110.1K $350.0K
YoY Change -68.53% 418.4%
% of Gross Profit 1.71% 7.71%
Operating Expenses $4.670M $4.740M
YoY Change -1.48% 4.4%
Operating Profit $1.770M -$200.0K
YoY Change -985.02% -7172.14%
Interest Expense $561.5K -$80.00K
YoY Change -801.83% -171.55%
% of Operating Profit 31.72%
Other Income/Expense, Net
YoY Change
Pretax Income $1.209M -$284.4K
YoY Change -524.96% 160.96%
Income Tax $61.83K -$52.73K
% Of Pretax Income 5.12%
Net Earnings $1.147M -$231.7K
YoY Change -594.99% 41.47%
Net Earnings / Revenue 3.27% -0.91%
Basic Earnings Per Share $0.06 -$0.02
Diluted Earnings Per Share $0.06 -$0.02
COMMON SHARES
Basic Shares Outstanding 18.50M 15.40M
Diluted Shares Outstanding 19.41M 15.40M

Balance Sheet

Concept 2021 Q1 2020 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $10.80M $3.300M
YoY Change 227.27% 57.14%
Cash & Equivalents $10.75M $3.300M
Short-Term Investments
Other Short-Term Assets $1.200M $1.400M
YoY Change -14.29% 27.27%
Inventory
Prepaid Expenses
Receivables $20.70M $15.20M
Other Receivables $0.00 $0.00
Total Short-Term Assets $32.70M $19.90M
YoY Change 64.32% -4.78%
LONG-TERM ASSETS
Property, Plant & Equipment $3.200M $512.0K
YoY Change 525.02% -6.4%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $75.70M $61.80M
YoY Change 22.49% -2.68%
TOTAL ASSETS
Total Short-Term Assets $32.70M $19.90M
Total Long-Term Assets $75.70M $61.80M
Total Assets $108.4M $81.70M
YoY Change 32.68% -3.2%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $17.11M $12.56M
YoY Change 36.23% -12.73%
Accrued Expenses $3.000M $1.700M
YoY Change 76.47% -19.05%
Deferred Revenue $241.5K $22.61K
YoY Change 968.09% -55.02%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $624.4K
YoY Change
Total Short-Term Liabilities $22.50M $14.40M
YoY Change 56.25% -15.79%
LONG-TERM LIABILITIES
Long-Term Debt $14.30M $4.600M
YoY Change 210.87% -11.54%
Other Long-Term Liabilities $1.900M $1.000M
YoY Change 90.0% -37.5%
Total Long-Term Liabilities $16.20M $5.600M
YoY Change 189.29% -17.65%
TOTAL LIABILITIES
Total Short-Term Liabilities $22.50M $14.40M
Total Long-Term Liabilities $16.20M $5.600M
Total Liabilities $38.70M $19.90M
YoY Change 94.47% -16.74%
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 $69.75M $61.79M
YoY Change
Total Liabilities & Shareholders Equity $108.4M $81.70M
YoY Change 32.68% -3.2%

Cashflow Statement

Concept 2021 Q1 2020 Q1
OPERATING ACTIVITIES
Net Income $1.147M -$231.7K
YoY Change -594.99% 41.47%
Depreciation, Depletion And Amortization $110.1K $350.0K
YoY Change -68.53% 418.4%
Cash From Operating Activities $3.954M -$17.12K
YoY Change -23189.3% -137.35%
INVESTING ACTIVITIES
Capital Expenditures $115.9K $27.74K
YoY Change 317.76% -169.35%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$158.6K -$38.94K
YoY Change 307.34% -5.6%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $135.5K
YoY Change
Cash From Financing Activities -557.3K -5.133K
YoY Change 10756.75% -91.64%
NET CHANGE
Cash From Operating Activities 3.954M -17.12K
Cash From Investing Activities -158.6K -38.94K
Cash From Financing Activities -557.3K -5.133K
Net Change In Cash 3.238M -61.20K
YoY Change -5391.16% 7.67%
FREE CASH FLOW
Cash From Operating Activities $3.954M -$17.12K
Capital Expenditures $115.9K $27.74K
Free Cash Flow $3.838M -$44.86K
YoY Change -8654.58% -152.26%

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