$RFIL
R F INDUSTRIES LTD

2016 Q3 Form 10-Q Financial Statement

#000114420416123816 Filed on September 14, 2016

View on sec.gov

Income Statement

Concept 2016 Q3 2015 Q4 2015 Q3
Revenue $7.640M $8.940M $8.315M
YoY Change -8.12% 49.75% 50.2%
Cost Of Revenue $5.513M $6.070M $5.765M
YoY Change -4.37% 82.28% 89.14%
Gross Profit $2.127M $2.860M $2.550M
YoY Change -16.59% 8.75% 2.49%
Gross Profit Margin 27.84% 31.99% 30.67%
Selling, General & Admin $2.577M $2.290M $2.397M
YoY Change 7.51% 24.46% 46.88%
% of Gross Profit 121.16% 80.07% 94.0%
Research & Development $217.0K $240.0K $210.0K
YoY Change 3.33% -4.0% -7.89%
% of Gross Profit 10.2% 8.39% 8.24%
Depreciation & Amortization $240.0K $280.0K $330.0K
YoY Change -27.27% 100.0% 106.25%
% of Gross Profit 11.28% 9.79% 12.94%
Operating Expenses $2.794M $2.530M $2.607M
YoY Change 7.17% 20.48% 40.16%
Operating Profit -$667.0K $330.0K -$57.00K
YoY Change 1070.18% -37.74% -109.08%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net -$32.00K $20.00K $4.000K
YoY Change -900.0% 100.0% -60.0%
Pretax Income -$699.0K $350.0K -$53.00K
YoY Change 1218.87% -35.19% -108.35%
Income Tax $45.00K $100.0K -$112.0K
% Of Pretax Income 28.57%
Net Earnings -$597.0K $270.0K $211.0K
YoY Change -382.94% -18.18% -43.28%
Net Earnings / Revenue -7.81% 3.02% 2.54%
Basic Earnings Per Share -$0.07 $0.02
Diluted Earnings Per Share -$0.07 $30.03K $0.02
COMMON SHARES
Basic Shares Outstanding 8.835M shares 8.545M shares
Diluted Shares Outstanding 8.835M shares 8.917M shares

Balance Sheet

Concept 2016 Q3 2015 Q4 2015 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $4.650M $7.600M $7.910M
YoY Change -41.21% -48.37% -44.45%
Cash & Equivalents $4.649M $7.595M $7.908M
Short-Term Investments
Other Short-Term Assets $1.525M $728.0K $1.041M
YoY Change 46.49% 17.8% 70.66%
Inventory $6.490M $6.928M $7.263M
Prepaid Expenses $555.0K $140.0K
Receivables $4.314M $3.980M $3.915M
Other Receivables $90.00K $0.00 $0.00
Total Short-Term Assets $17.41M $19.66M $20.54M
YoY Change -15.24% -16.14% -12.11%
LONG-TERM ASSETS
Property, Plant & Equipment $938.0K $921.0K $962.0K
YoY Change -2.49% 11.1% 8.95%
Goodwill $5.913M $5.913M $5.913M
YoY Change 0.0% 92.23% 92.23%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $160.0K $39.00K $38.00K
YoY Change 321.05% 85.71% 80.95%
Total Long-Term Assets $12.16M $12.60M $12.81M
YoY Change -5.07% 125.31% 124.82%
TOTAL ASSETS
Total Short-Term Assets $17.41M $19.66M $20.54M
Total Long-Term Assets $12.16M $12.60M $12.81M
Total Assets $29.57M $32.25M $33.35M
YoY Change -11.33% 11.1% 14.73%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.172M $1.493M $1.980M
YoY Change -40.81% 72.2% 184.07%
Accrued Expenses $1.340M $2.868M $2.882M
YoY Change -53.5% 101.69% 95.39%
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 $3.712M $4.361M $4.861M
YoY Change -23.64% 84.63% 122.98%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $161.0K $377.0K $946.0K
YoY Change -82.98%
Total Long-Term Liabilities $161.0K $377.0K $946.0K
YoY Change -82.98%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.712M $4.361M $4.861M
Total Long-Term Liabilities $161.0K $377.0K $946.0K
Total Liabilities $5.016M $4.738M $7.106M
YoY Change -29.41% 49.32% 126.74%
SHAREHOLDERS EQUITY
Retained Earnings $5.127M $7.155M $7.494M
YoY Change -31.59% -16.25% -16.95%
Common Stock $19.42M $19.22M $18.75M
YoY Change 3.58% 10.99% 10.87%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $24.55M $26.37M $26.24M
YoY Change
Total Liabilities & Shareholders Equity $29.57M $32.25M $33.35M
YoY Change -11.35% 11.1% 14.73%

Cashflow Statement

Concept 2016 Q3 2015 Q4 2015 Q3
OPERATING ACTIVITIES
Net Income -$597.0K $270.0K $211.0K
YoY Change -382.94% -18.18% -43.28%
Depreciation, Depletion And Amortization $240.0K $280.0K $330.0K
YoY Change -27.27% 100.0% 106.25%
Cash From Operating Activities -$120.0K -$70.00K $1.020M
YoY Change -111.76% -106.36% -26.62%
INVESTING ACTIVITIES
Capital Expenditures -$240.0K -$60.00K -$20.00K
YoY Change 1100.0% 50.0% -60.0%
Acquisitions
YoY Change
Other Investing Activities $0.00 $10.00K -$2.880M
YoY Change -100.0%
Cash From Investing Activities -$240.0K -$50.00K -$2.900M
YoY Change -91.72% 25.0% 5700.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -10.00K -190.0K -610.0K
YoY Change -98.36% -67.8% 19.61%
NET CHANGE
Cash From Operating Activities -120.0K -70.00K 1.020M
Cash From Investing Activities -240.0K -50.00K -2.900M
Cash From Financing Activities -10.00K -190.0K -610.0K
Net Change In Cash -370.0K -310.0K -2.490M
YoY Change -85.14% -165.96% -400.0%
FREE CASH FLOW
Cash From Operating Activities -$120.0K -$70.00K $1.020M
Capital Expenditures -$240.0K -$60.00K -$20.00K
Free Cash Flow $120.0K -$10.00K $1.040M
YoY Change -88.46% -100.88% -27.78%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2016Q3 us-gaap Goodwill
Goodwill
5913000 USD
CY2016Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
938000 USD
dei Entity Registrant Name
EntityRegistrantName
R F INDUSTRIES LTD
CY2015Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
39000 USD
CY2015Q4 us-gaap Assets
Assets
32252000 USD
CY2016Q3 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
1387000 USD
CY2016Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
3766000 USD
CY2016Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
3085000 USD
CY2016Q3 us-gaap Furniture And Fixtures Gross
FurnitureAndFixturesGross
789000 USD
CY2016Q3 us-gaap Deferred Tax Assets Net Current
DeferredTaxAssetsNetCurrent
426000 USD
CY2016Q3 us-gaap Other Assets Current
OtherAssetsCurrent
1525000 USD
CY2016Q3 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
4314000 USD
CY2016Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
4649000 USD
CY2015Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
1387000 USD
CY2015Q4 us-gaap Due From Officers Or Stockholders Noncurrent
DueFromOfficersOrStockholdersNoncurrent
67000 USD
CY2015Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
1493000 USD
CY2015Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
2868000 USD
CY2016Q3 us-gaap Liabilities Current
LiabilitiesCurrent
3712000 USD
CY2016Q3 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
1143000 USD
CY2015Q3 us-gaap Cost Of Goods Sold
CostOfGoodsSold
5765000 USD
CY2016Q3 us-gaap Cost Of Goods Sold
CostOfGoodsSold
5513000 USD
CY2015Q3 us-gaap Gross Profit
GrossProfit
2550000 USD
CY2016Q3 us-gaap Gross Profit
GrossProfit
2127000 USD
CY2015Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
210000 USD
CY2016Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
217000 USD
CY2016Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
161000 USD
CY2016Q3 us-gaap Liabilities
Liabilities
5016000 USD
CY2016Q3 us-gaap Common Stock Value
CommonStockValue
88000 USD
CY2016Q3 us-gaap Stockholders Equity
StockholdersEquity
24549000 USD
CY2015Q4 us-gaap Stockholders Equity
StockholdersEquity
26371000 USD
CY2016Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
29565000 USD
CY2015Q4 us-gaap Common Stock Value
CommonStockValue
87000 USD
CY2016Q3 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
19334000 USD
CY2016Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
5127000 USD
CY2016Q3 us-gaap Accounts Payable Current
AccountsPayableCurrent
1172000 USD
CY2015Q3 us-gaap Revenues
Revenues
8315000 USD
CY2015Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
2397000 USD
CY2016Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
2577000 USD
CY2015Q3 us-gaap Operating Expenses
OperatingExpenses
2607000 USD
CY2016Q3 us-gaap Operating Expenses
OperatingExpenses
2794000 USD
CY2015Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-57000 USD
CY2016Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-667000 USD
CY2015Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
4000 USD
CY2016Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-32000 USD
CY2015Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-53000 USD
CY2016Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-699000 USD
CY2015Q3 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
59000 USD
CY2016Q3 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-744000 USD
CY2015Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
152000 USD
CY2016Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
147000 USD
CY2015Q3 us-gaap Net Income Loss
NetIncomeLoss
211000 USD
CY2016Q3 us-gaap Net Income Loss
NetIncomeLoss
-597000 USD
CY2015Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.01
CY2016Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-0.08
CY2015Q3 us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Basic Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare
0.01
CY2016Q3 us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Basic Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare
0.01
CY2015Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.02
CY2016Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.07
CY2015Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.01
CY2016Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-0.08
CY2015Q3 us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Diluted Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare
0.01
CY2016Q3 us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Diluted Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare
0.01
CY2015Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.02
CY2016Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.07
CY2015Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
8545300 shares
CY2016Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
8834747 shares
CY2015Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
8916643 shares
CY2016Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
8834747 shares
CY2016Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
45000 USD
CY2015Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-112000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-330000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
43000 USD
us-gaap Gross Profit
GrossProfit
6502000 USD
us-gaap Gross Profit
GrossProfit
7634000 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
557000 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
577000 USD
us-gaap Revenues
Revenues
22159000 USD
us-gaap Revenues
Revenues
22223000 USD
us-gaap Cost Of Goods Sold
CostOfGoodsSold
15657000 USD
us-gaap Cost Of Goods Sold
CostOfGoodsSold
14589000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
7261000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
6668000 USD
us-gaap Operating Expenses
OperatingExpenses
7818000 USD
us-gaap Operating Expenses
OperatingExpenses
7245000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
-1316000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
389000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-4000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
19000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-1320000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
408000 USD
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
365000 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
-74000 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
359000 USD
us-gaap Net Income Loss
NetIncomeLoss
724000 USD
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.04
us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Basic Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare
0.05
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.09
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.04
us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Diluted Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare
0.04
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.08
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
8770375 shares
us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
15000 USD
us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
17000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
4000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
0 USD
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-122000 USD
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
0 USD
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-444000 USD
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-545000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
243000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-2075000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
5132000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 USD
us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
1260000 USD
us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
0 USD
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
22000 USD
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
0 USD
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-61000 USD
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
0 USD
rfil Proceeds From Sale Of Inventory
ProceedsFromSaleOfInventory
322000 USD
rfil Proceeds From Sale Of Inventory
ProceedsFromSaleOfInventory
0 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
157000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 USD
us-gaap Inventory Write Down
InventoryWriteDown
0 USD
us-gaap Inventory Write Down
InventoryWriteDown
10000 USD
us-gaap Treasury Stock Retired Par Value Method Amount
TreasuryStockRetiredParValueMethodAmount
157000 USD
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
374215 shares
us-gaap Treasury Stock Retired Par Value Method Amount
TreasuryStockRetiredParValueMethodAmount
0 USD
us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
2100000 USD
CY2016Q3 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
3037000 USD
CY2015Q4 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
2671000 USD
CY2016Q3 us-gaap Inventory Work In Process
InventoryWorkInProcess
358000 USD
CY2015Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
270000 USD
CY2016Q3 us-gaap Inventory Finished Goods
InventoryFinishedGoods
3097000 USD
CY2015Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
3987000 USD
CY2016Q3 us-gaap Other Assets Miscellaneous Current
OtherAssetsMiscellaneousCurrent
128000 USD
CY2015Q4 us-gaap Other Assets Miscellaneous Current
OtherAssetsMiscellaneousCurrent
180000 USD
CY2016Q3 us-gaap Notes And Loans Receivable Net Current
NotesAndLoansReceivableNetCurrent
83000 USD
CY2015Q4 us-gaap Notes And Loans Receivable Net Current
NotesAndLoansReceivableNetCurrent
0 USD
CY2016Q3 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
555000 USD
CY2015Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
140000 USD
CY2016Q3 us-gaap Prepaid Taxes
PrepaidTaxes
759000 USD
CY2015Q4 us-gaap Prepaid Taxes
PrepaidTaxes
408000 USD
CY2016Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
CY2015Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
371343 shares
CY2016Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1022970 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
820161 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
1.08
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1240100 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
104936 shares
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
180067 shares
CY2016Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1093851 shares
CY2016Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
634598 shares
CY2016Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
1087360 shares
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
3.64
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
3.36
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0.27
CY2016Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
4.11
CY2015Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
820161 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1084419 shares
CY2016Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
3.83
CY2016Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
4.11
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P5Y11D
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P3Y4M24D
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1
P5Y7D
CY2016Q3 rfil Nonemployee Director Annual Grant
NonemployeeDirectorAnnualGrant
30000 USD
CY2016Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
200000 USD
CY2016Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
200000 USD
CY2016Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
200000 USD
CY2016Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
563000 USD
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P5Y3M18D
CY2016Q1 us-gaap Share Based Goods And Nonemployee Services Transaction Quantity Of Securities Issued
ShareBasedGoodsAndNonemployeeServicesTransactionQuantityOfSecuritiesIssued
51192 shares
rfil Share Based Goods And Non Employee Services Transaction Value Of Stock Option Issued
ShareBasedGoodsAndNonEmployeeServicesTransactionValueOfStockOptionIssued
15000 USD
CY2016Q3 us-gaap Share Price
SharePrice
0.87
CY2016Q3 us-gaap Cash Fdic Insured Amount
CashFDICInsuredAmount
3800000 USD
rfil Concentration Agreement With Major Customer For Past Year
ConcentrationAgreementWithMajorCustomerForPastYear
P15Y
CY2015Q3 us-gaap Sales Revenue Net
SalesRevenueNet
8315000 USD
CY2016Q3 us-gaap Sales Revenue Net
SalesRevenueNet
7640000 USD
us-gaap Sales Revenue Net
SalesRevenueNet
22159000 USD
us-gaap Sales Revenue Net
SalesRevenueNet
22223000 USD
CY2016Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-699000 USD
CY2016Q3 us-gaap Depreciation And Amortization
DepreciationAndAmortization
241000 USD
CY2015Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-53000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-1320000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
408000 USD
CY2016Q3 rfil Total Provision As Percentage Of Pre Tax Income
TotalProvisionAsPercentageOfPreTaxIncome
0.06 pure
rfil Total Provision As Percentage Of Pre Tax Income
TotalProvisionAsPercentageOfPreTaxIncome
0.11 pure
CY2016Q3 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 USD
CY2016Q3 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
0 USD
CY2016Q3 rfil Accrued Inventory Receipts Current
AccruedInventoryReceiptsCurrent
492000 USD
CY2015Q4 rfil Accrued Inventory Receipts Current
AccruedInventoryReceiptsCurrent
438000 USD
CY2016Q3 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
844000 USD
CY2015Q4 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
978000 USD
CY2016Q3 rfil Accrued Earn Out Liability
AccruedEarnOutLiability
869000 USD
CY2015Q4 rfil Accrued Earn Out Liability
AccruedEarnOutLiability
1150000 USD
CY2016Q3 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
335000 USD
CY2015Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
302000 USD
CY2015Q2 us-gaap Line Of Credit Facility Interest Rate During Period
LineOfCreditFacilityInterestRateDuringPeriod
0.030 pure
us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
162000 USD
CY2014Q2 us-gaap Sale Leaseback Transaction Annual Rental Payments
SaleLeasebackTransactionAnnualRentalPayments
19000 USD
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.02
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.07
dei Document Type
DocumentType
10-Q
dei Amendment Flag
AmendmentFlag
false
dei Document Period End Date
DocumentPeriodEndDate
2016-07-31
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2016
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Entity Central Index Key
EntityCentralIndexKey
0000740664
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--10-31
dei Entity Filer Category
EntityFilerCategory
Smaller Reporting Company
dei Trading Symbol
TradingSymbol
RFIL
CY2016Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
8835483 shares
CY2016Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
4023000 USD
CY2015Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
4151000 USD
CY2016Q3 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2015Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2016Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
71000 USD
CY2015Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
59000 USD
CY2016Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
20000000 shares
CY2015Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
20000000 shares
CY2016Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2015Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2016Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
8835483 shares
CY2016Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
8835483 shares
CY2015Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
8713664 shares
CY2015Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
8713664 shares
us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
0 USD
us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
-45000 USD
us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
159000 USD
CY2014Q2 us-gaap Lease Expiration Date1
LeaseExpirationDate1
2017-03-31
us-gaap Cash Acquired From Acquisition
CashAcquiredFromAcquisition
758000 USD
CY2015Q2 us-gaap Line Of Credit Facility Expiration Date1
LineOfCreditFacilityExpirationDate1
2017-05-30
CY2015Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
0 USD
CY2015Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 USD
CY2015Q3 rfil Total Provision As Percentage Of Pre Tax Income
TotalProvisionAsPercentageOfPreTaxIncome
-2.11 pure
rfil Total Provision As Percentage Of Pre Tax Income
TotalProvisionAsPercentageOfPreTaxIncome
-0.25 pure
rfil Income Tax Expense Benefit Windfalls From Exercise And Disposition Of Equity Based Incentive Awards
IncomeTaxExpenseBenefitWindfallsFromExerciseAndDispositionOfEquityBasedIncentiveAwards
159000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
3.36
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0070 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0115 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.0238 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.0668 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.287 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.523 pure
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P3Y
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y3M18D
CY2016Q3 us-gaap Share Based Compensation
ShareBasedCompensation
54000 USD
CY2015Q3 us-gaap Share Based Compensation
ShareBasedCompensation
83000 USD
CY2016Q3 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
177000 USD
CY2015Q3 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
1800000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
71118 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
4.52

Files In Submission

Name View Source Status
0001144204-16-123816-index-headers.html Edgar Link pending
0001144204-16-123816-index.html Edgar Link pending
0001144204-16-123816.txt Edgar Link pending
0001144204-16-123816-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
image_001.jpg Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
rfil-20160731.xml Edgar Link completed
rfil-20160731.xsd Edgar Link pending
rfil-20160731_cal.xml Edgar Link unprocessable
rfil-20160731_def.xml Edgar Link unprocessable
rfil-20160731_lab.xml Edgar Link unprocessable
rfil-20160731_pre.xml Edgar Link unprocessable
Show.js Edgar Link pending
v448428_10q.htm Edgar Link pending
v448428_ex31-1.htm Edgar Link pending
v448428_ex31-2.htm Edgar Link pending
v448428_ex32-1.htm Edgar Link pending
v448428_ex32-2.htm Edgar Link pending
v448428_ex99-1.htm Edgar Link pending