2015 Q4 Form 10-K Financial Statement

#000114420416077407 Filed on January 28, 2016

View on sec.gov

Income Statement

Concept 2015 Q4 2015 2014 Q4
Revenue $8.940M $30.91M $5.970M
YoY Change 49.75% 33.71% -29.01%
Cost Of Revenue $6.070M $20.45M $3.330M
YoY Change 82.28% 61.48% -32.86%
Gross Profit $2.860M $10.46M $2.630M
YoY Change 8.75% 0.09% -23.55%
Gross Profit Margin 31.99% 33.85% 44.05%
Selling, General & Admin $2.290M $8.888M $1.840M
YoY Change 24.46% 22.78% -4.66%
% of Gross Profit 80.07% 84.96% 69.96%
Research & Development $240.0K $775.0K $250.0K
YoY Change -4.0% -18.25% -37.5%
% of Gross Profit 8.39% 7.41% 9.51%
Depreciation & Amortization $280.0K $1.000M $140.0K
YoY Change 100.0% 69.49% -17.65%
% of Gross Profit 9.79% 9.56% 5.32%
Operating Expenses $2.530M $9.663M $2.100M
YoY Change 20.48% 18.03% -9.87%
Operating Profit $330.0K $799.0K $530.0K
YoY Change -37.74% -64.74% -52.25%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net $20.00K $35.00K $10.00K
YoY Change 100.0% 16.67% 0.0%
Pretax Income $350.0K $834.0K $540.0K
YoY Change -35.19% -63.66% -52.21%
Income Tax $100.0K $140.0K $290.0K
% Of Pretax Income 28.57% 16.79% 53.7%
Net Earnings $270.0K $994.0K $330.0K
YoY Change -18.18% -30.92% 1000.0%
Net Earnings / Revenue 3.02% 3.22% 5.53%
Basic Earnings Per Share $0.12
Diluted Earnings Per Share $30.03K $0.11 $38.02K
COMMON SHARES
Basic Shares Outstanding 8.494M shares
Diluted Shares Outstanding 8.862M shares

Balance Sheet

Concept 2015 Q4 2015 2014 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $7.600M $7.600M $14.72M
YoY Change -48.37% -48.37% 23.91%
Cash & Equivalents $7.595M $7.600M $14.72M
Short-Term Investments
Other Short-Term Assets $728.0K $1.150M $618.0K
YoY Change 17.8% 11.65% -60.18%
Inventory $6.928M $6.930M $5.259M
Prepaid Expenses $140.0K
Receivables $3.980M $3.980M $2.428M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $19.66M $19.66M $23.44M
YoY Change -16.14% -16.13% 2.31%
LONG-TERM ASSETS
Property, Plant & Equipment $921.0K $920.0K $829.0K
YoY Change 11.1% 10.84% -21.27%
Goodwill $5.913M $3.076M
YoY Change 92.23% 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $39.00K $40.00K $21.00K
YoY Change 85.71% 100.0% -30.0%
Total Long-Term Assets $12.60M $12.59M $5.590M
YoY Change 125.31% 125.22% -7.5%
TOTAL ASSETS
Total Short-Term Assets $19.66M $19.66M $23.44M
Total Long-Term Assets $12.60M $12.59M $5.590M
Total Assets $32.25M $32.25M $29.03M
YoY Change 11.1% 11.09% 0.26%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.493M $1.490M $867.0K
YoY Change 72.2% 73.26% 9.47%
Accrued Expenses $2.868M $2.570M $1.422M
YoY Change 101.69% 103.97% -18.32%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $4.361M $4.360M $2.362M
YoY Change 84.63% 84.75% -8.59%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $377.0K $380.0K $0.00
YoY Change
Total Long-Term Liabilities $377.0K $380.0K $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $4.361M $4.360M $2.362M
Total Long-Term Liabilities $377.0K $380.0K $0.00
Total Liabilities $4.738M $5.880M $3.173M
YoY Change 49.32% 85.49% -10.22%
SHAREHOLDERS EQUITY
Retained Earnings $7.155M $8.543M
YoY Change -16.25% -11.31%
Common Stock $19.22M $17.31M
YoY Change 10.99% 9.67%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $26.37M $26.37M $25.86M
YoY Change
Total Liabilities & Shareholders Equity $32.25M $32.25M $29.03M
YoY Change 11.1% 11.09% 0.26%

Cashflow Statement

Concept 2015 Q4 2015 2014 Q4
OPERATING ACTIVITIES
Net Income $270.0K $994.0K $330.0K
YoY Change -18.18% -30.92% 1000.0%
Depreciation, Depletion And Amortization $280.0K $1.000M $140.0K
YoY Change 100.0% 69.49% -17.65%
Cash From Operating Activities -$70.00K $168.0K $1.100M
YoY Change -106.36% -96.26% 61.76%
INVESTING ACTIVITIES
Capital Expenditures -$60.00K $204.0K -$40.00K
YoY Change 50.0% 37.84% -69.23%
Acquisitions $5.132M
YoY Change
Other Investing Activities $10.00K -$5.120M
YoY Change
Cash From Investing Activities -$50.00K -$5.320M -$40.00K
YoY Change 25.0% 3494.59% -69.23%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change -100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -190.0K -$1.971M -590.0K
YoY Change -67.8% 30.62% -207.27%
NET CHANGE
Cash From Operating Activities -70.00K $168.0K 1.100M
Cash From Investing Activities -50.00K -$5.320M -40.00K
Cash From Financing Activities -190.0K -$1.971M -590.0K
Net Change In Cash -310.0K -$7.123M 470.0K
YoY Change -165.96% -351.08% -57.27%
FREE CASH FLOW
Cash From Operating Activities -$70.00K $168.0K $1.100M
Capital Expenditures -$60.00K $204.0K -$40.00K
Free Cash Flow -$10.00K -$36.00K $1.140M
YoY Change -100.88% -100.83% 40.74%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> <strong>Use of estimates&#160;</strong></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> <strong>&#160;</strong></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect certain reported amounts and disclosures. Actual results may differ from those estimates.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
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118000 USD
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0 USD
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1036000 USD
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618000 USD
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CY2014 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
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0.0117 pure
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
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0 USD
CY2015 us-gaap Gain Loss On Disposition Of Assets1
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16000 USD
CY2014 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
0 USD
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0 USD
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16000 USD
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0 USD
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0 USD
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