2023 Q2 Form 10-Q Financial Statement
#000114036123022859 Filed on May 04, 2023
Income Statement
Concept | 2023 Q2 | 2023 Q1 | 2022 Q1 |
---|---|---|---|
Revenue | $3.050M | $2.970M | $2.620M |
YoY Change | 8.04% | 13.36% | 20.02% |
Cost Of Revenue | $0.00 | $0.00 | $1.000K |
YoY Change | -100.0% | -98.68% | |
Gross Profit | $3.050M | $2.970M | $2.619M |
YoY Change | 8.04% | 13.4% | 24.3% |
Gross Profit Margin | 100.0% | 100.0% | 99.96% |
Selling, General & Admin | $1.240M | $1.514M | $1.358M |
YoY Change | -19.64% | 11.49% | 18.09% |
% of Gross Profit | 40.66% | 50.98% | 51.85% |
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $50.00K | $54.00K | $46.00K |
YoY Change | 2.04% | 17.39% | 15.0% |
% of Gross Profit | 1.64% | 1.82% | 1.76% |
Operating Expenses | $2.220M | $2.532M | $2.109M |
YoY Change | -7.54% | 20.06% | 15.25% |
Operating Profit | $830.0K | $438.0K | $510.0K |
YoY Change | 96.68% | -14.12% | 84.12% |
Interest Expense | $0.00 | $0.00 | -$14.00K |
YoY Change | -100.0% | -160.87% | |
% of Operating Profit | 0.0% | 0.0% | -2.75% |
Other Income/Expense, Net | |||
YoY Change | |||
Pretax Income | $830.0K | $438.0K | $496.0K |
YoY Change | -25.89% | -11.69% | 18.94% |
Income Tax | $190.0K | $115.0K | $3.000K |
% Of Pretax Income | 22.89% | 26.26% | 0.6% |
Net Earnings | $640.0K | $323.0K | $493.0K |
YoY Change | -90.57% | -34.48% | 18.51% |
Net Earnings / Revenue | 20.98% | 10.88% | 18.82% |
Basic Earnings Per Share | $0.02 | $0.03 | |
Diluted Earnings Per Share | $0.04 | $0.02 | $0.03 |
COMMON SHARES | |||
Basic Shares Outstanding | 14.15M | 14.15M | 18.01M |
Diluted Shares Outstanding | 14.15M | 18.45M |
Balance Sheet
Concept | 2023 Q2 | 2023 Q1 | 2022 Q1 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $5.330M | $3.867M | $7.237M |
YoY Change | -30.99% | -46.57% | 11.51% |
Cash & Equivalents | $5.328M | $3.867M | $7.237M |
Short-Term Investments | |||
Other Short-Term Assets | $220.0K | $200.0K | $131.0K |
YoY Change | 50.68% | 52.67% | -43.04% |
Inventory | |||
Prepaid Expenses | |||
Receivables | $1.145M | $1.492M | $1.211M |
Other Receivables | $100.0K | $165.0K | $443.0K |
Total Short-Term Assets | $6.834M | $5.756M | $9.022M |
YoY Change | -32.05% | -36.2% | 0.42% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $258.0K | $283.0K | $2.136M |
YoY Change | -29.32% | -86.75% | 624.07% |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $5.340M | $5.500M | |
YoY Change | -7.48% | ||
Total Long-Term Assets | $7.403M | $7.734M | $2.797M |
YoY Change | -12.47% | 176.51% | -19.44% |
TOTAL ASSETS | |||
Total Short-Term Assets | $6.834M | $5.756M | $9.022M |
Total Long-Term Assets | $7.403M | $7.734M | $2.797M |
Total Assets | $14.24M | $13.49M | $11.82M |
YoY Change | -23.11% | 14.14% | -5.11% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $500.0K | $465.0K | $615.0K |
YoY Change | -25.26% | -24.39% | 36.67% |
Accrued Expenses | $890.0K | $747.0K | $1.232M |
YoY Change | -17.74% | -39.37% | 26.23% |
Deferred Revenue | $342.0K | $342.0K | |
YoY Change | -36.43% | ||
Short-Term Debt | $0.00 | $0.00 | $60.00K |
YoY Change | -100.0% | -100.0% | |
Long-Term Debt Due | $0.00 | ||
YoY Change | |||
Total Short-Term Liabilities | $2.198M | $2.036M | $2.383M |
YoY Change | -23.94% | -14.56% | 9.51% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | -100.0% | ||
Other Long-Term Liabilities | $1.650M | $1.784M | $2.341M |
YoY Change | -25.47% | -23.79% | |
Total Long-Term Liabilities | $1.650M | $1.784M | $2.341M |
YoY Change | -25.47% | -23.79% | |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $2.198M | $2.036M | $2.383M |
Total Long-Term Liabilities | $1.650M | $1.784M | $2.341M |
Total Liabilities | $3.846M | $3.820M | $4.724M |
YoY Change | -24.65% | -19.14% | -38.57% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | $2.439M | $1.804M | |
YoY Change | 195.28% | ||
Common Stock | $37.98M | $37.89M | |
YoY Change | 0.92% | ||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $10.39M | $9.670M | $7.095M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $14.24M | $13.49M | $11.82M |
YoY Change | -23.11% | 14.14% | -5.11% |
Cashflow Statement
Concept | 2023 Q2 | 2023 Q1 | 2022 Q1 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | $640.0K | $323.0K | $493.0K |
YoY Change | -90.57% | -34.48% | 18.51% |
Depreciation, Depletion And Amortization | $50.00K | $54.00K | $46.00K |
YoY Change | 2.04% | 17.39% | 15.0% |
Cash From Operating Activities | $1.400M | $441.0K | $511.0K |
YoY Change | 62.98% | -13.7% | -1122.0% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $50.00K | $38.00K | -$25.00K |
YoY Change | -154.95% | -252.0% | |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $120.0K | $35.00K | $146.0K |
YoY Change | -53.85% | -76.03% | 1360.0% |
Cash From Investing Activities | $60.00K | -$3.000K | $121.0K |
YoY Change | -64.5% | -102.48% | 1110.0% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 0.000 | 0.000 | -1.627M |
YoY Change | -100.0% | -100.0% | |
NET CHANGE | |||
Cash From Operating Activities | 1.400M | 441.0K | 511.0K |
Cash From Investing Activities | 60.00K | -3.000K | 121.0K |
Cash From Financing Activities | 0.000 | 0.000 | -1.627M |
Net Change In Cash | 1.460M | 438.0K | -995.0K |
YoY Change | 200.41% | -144.02% | 2387.5% |
FREE CASH FLOW | |||
Cash From Operating Activities | $1.400M | $441.0K | $511.0K |
Capital Expenditures | $50.00K | $38.00K | -$25.00K |
Free Cash Flow | $1.350M | $403.0K | $536.0K |
YoY Change | 42.11% | -24.81% | -1172.0% |
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|
0.07 | ||
CY2023Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
115000 | |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
347000 | ||
CY2022Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
3000 | |
CY2023Q1 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
2970000 | |
CY2022Q1 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
2620000 | |
us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
8841000 | ||
us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
7869000 | ||
CY2023Q1 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
54000 | |
CY2022Q1 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
46000 | |
us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
158000 | ||
us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
138000 | ||
CY2023Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
438000 | |
CY2022Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
496000 | |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
1325000 | ||
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
1245000 | ||
CY2023Q1 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
2970000 | |
CY2022Q1 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
2620000 | |
us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
8841000 | ||
us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
7869000 |