2017 Q4 Form 10-K Financial Statement

#000114420418003386 Filed on January 24, 2018

View on sec.gov

Income Statement

Concept 2017 Q4 2017 2016 Q4
Revenue $920.0K $22.98M $8.080M
YoY Change -88.61% -24.0% -9.62%
Cost Of Revenue -$40.00K $16.00M $6.120M
YoY Change -100.65% -26.55% 0.82%
Gross Profit $960.0K $6.987M $1.960M
YoY Change -51.02% -17.44% -31.47%
Gross Profit Margin 104.35% 30.4% 24.26%
Selling, General & Admin $470.0K $5.960M $2.300M
YoY Change -79.57% -37.66% 0.44%
% of Gross Profit 48.96% 85.3% 117.35%
Research & Development $180.0K $824.0K $190.0K
YoY Change -5.26% 10.31% -20.83%
% of Gross Profit 18.75% 11.79% 9.69%
Depreciation & Amortization -$140.0K $510.0K $270.0K
YoY Change -151.85% -50.96% -3.57%
% of Gross Profit -14.58% 7.3% 13.78%
Operating Expenses $650.0K $6.784M $2.490M
YoY Change -73.9% -48.41% -1.58%
Operating Profit $310.0K $203.0K -$530.0K
YoY Change -158.49% -104.33% -260.61%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net $10.00K $29.00K $10.00K
YoY Change 0.0% 480.0% -50.0%
Pretax Income $320.0K $232.0K -$3.360M
YoY Change -109.52% -104.95% -1060.0%
Income Tax $120.0K $62.00K -$320.0K
% Of Pretax Income 37.5% 26.72%
Net Earnings $310.0K $382.0K -$3.030M
YoY Change -110.23% -109.34% -1222.22%
Net Earnings / Revenue 33.7% 1.66% -37.5%
Basic Earnings Per Share $0.04
Diluted Earnings Per Share $33.84K $0.04 -$343.1K
COMMON SHARES
Basic Shares Outstanding 8.841M shares
Diluted Shares Outstanding 8.916M shares

Balance Sheet

Concept 2017 Q4 2017 2016 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $5.210M $5.210M $5.260M
YoY Change -0.95% -0.95% -30.79%
Cash & Equivalents $6.039M $5.210M $5.258M
Short-Term Investments
Other Short-Term Assets $506.0K $3.140M $1.436M
YoY Change -64.76% 130.88% 97.25%
Inventory $5.543M $5.540M $6.022M
Prepaid Expenses $294.0K $347.0K
Receivables $2.903M $2.900M $4.077M
Other Receivables $0.00 $0.00 $80.00K
Total Short-Term Assets $16.79M $16.79M $16.79M
YoY Change 0.0% 0.0% -14.57%
LONG-TERM ASSETS
Property, Plant & Equipment $565.0K $570.0K $828.0K
YoY Change -31.76% -31.33% -10.1%
Goodwill $1.340M $3.219M
YoY Change -58.37% -45.56%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $70.00K $4.060M $141.0K
YoY Change -50.35% 2800.0% 261.54%
Total Long-Term Assets $8.267M $8.270M $9.044M
YoY Change -8.59% -8.62% -28.19%
TOTAL ASSETS
Total Short-Term Assets $16.79M $16.79M $16.79M
Total Long-Term Assets $8.267M $8.270M $9.044M
Total Assets $25.06M $25.06M $25.84M
YoY Change -3.01% -3.02% -19.89%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.036M $1.040M $1.138M
YoY Change -8.96% -8.77% -23.78%
Accrued Expenses $1.791M $1.790M $2.770M
YoY Change -35.34% 17.76% -3.42%
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 $3.598M $3.600M $3.908M
YoY Change -7.93% -7.93% -10.39%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $0.00 $128.0K
YoY Change -100.0% -66.05%
Total Long-Term Liabilities $0.00 $0.00 $128.0K
YoY Change -100.0% -100.0% -66.05%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.598M $3.600M $3.908M
Total Long-Term Liabilities $0.00 $0.00 $128.0K
Total Liabilities $3.717M $3.720M $4.445M
YoY Change -16.38% -16.4% -6.18%
SHAREHOLDERS EQUITY
Retained Earnings $1.600M $1.925M
YoY Change -16.88% -73.1%
Common Stock $19.74M $19.47M
YoY Change 1.42% 1.31%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $21.34M $21.34M $21.39M
YoY Change
Total Liabilities & Shareholders Equity $25.06M $25.06M $25.84M
YoY Change -3.01% -3.02% -19.89%

Cashflow Statement

Concept 2017 Q4 2017 2016 Q4
OPERATING ACTIVITIES
Net Income $310.0K $382.0K -$3.030M
YoY Change -110.23% -109.34% -1222.22%
Depreciation, Depletion And Amortization -$140.0K $510.0K $270.0K
YoY Change -151.85% -50.96% -3.57%
Cash From Operating Activities $790.0K $1.597M $810.0K
YoY Change -2.47% -226.05% -1257.14%
INVESTING ACTIVITIES
Capital Expenditures -$130.0K $171.0K -$10.00K
YoY Change 1200.0% -55.47% -83.33%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00 $0.00
YoY Change -100.0% -100.0%
Cash From Investing Activities -$130.0K -$171.0K -$10.00K
YoY Change 1200.0% -757.69% -80.0%
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 -120.0K -$647.0K -190.0K
YoY Change -36.84% -40.97% 0.0%
NET CHANGE
Cash From Operating Activities 790.0K $1.597M 810.0K
Cash From Investing Activities -130.0K -$171.0K -10.00K
Cash From Financing Activities -120.0K -$647.0K -190.0K
Net Change In Cash 540.0K $779.0K 610.0K
YoY Change -11.48% -133.33% -296.77%
FREE CASH FLOW
Cash From Operating Activities $790.0K $1.597M $810.0K
Capital Expenditures -$130.0K $171.0K -$10.00K
Free Cash Flow $920.0K $1.426M $820.0K
YoY Change 12.2% -186.37% -8300.0%

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206000 USD
CY2017 rfil Share Based Goods And Non Employee Services Transaction Value Of Stock Option Issued
ShareBasedGoodsAndNonEmployeeServicesTransactionValueOfStockOptionIssued
25000 USD
CY2016Q4 rfil Nonemployee Director Annual Grant
NonemployeeDirectorAnnualGrant
50000 USD
CY2017Q4 us-gaap Share Price
SharePrice
0.32
CY2017Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
553000 USD
CY2017 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
56000 USD
CY2016 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
1141000 USD
CY2016 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-1096000 USD
CY2016 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
1141000 USD
CY2017 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
400000 USD
CY2016 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
-332000 USD
CY2016 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-355000 USD
CY2017 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
218000 USD
CY2016 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-98000 USD
CY2017 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-528000 USD
CY2016 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-1267000 USD
CY2017 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
1597000 USD
CY2016 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
49000 USD
CY2016 us-gaap Adjustments To Additional Paid In Capital Tax Effect From Share Based Compensation
AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation
154000 USD
CY2017 us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
166000 USD
CY2016 us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
182000 USD
CY2017 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
74869 shares
CY2016 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2016 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-2337000 USD
CY2016Q3 us-gaap Line Of Credit
LineOfCredit
5000000 USD
CY2017 us-gaap Line Of Credit Facility Expiration Date1
LineOfCreditFacilityExpirationDate1
2016-09-08
CY2015Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
7595000 USD
CY2017 rfil Percentage Of Employee Contribution Paid
PercentageOfEmployeeContributionPaid
0.03 pure
CY2016 us-gaap Income Taxes Paid
IncomeTaxesPaid
208000 USD
CY2017 us-gaap Income Taxes Paid
IncomeTaxesPaid
349000 USD
CY2017 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
0 USD
CY2016 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
22000 USD
CY2017 rfil Proceeds From Sale Of Inventory
ProceedsFromSaleOfInventory
0 USD
CY2016 rfil Proceeds From Sale Of Inventory
ProceedsFromSaleOfInventory
321000 USD
CY2017 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.02
CY2016Q4 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.02
CY2016Q3 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.02
CY2016 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
158000 USD
CY2016Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.02
CY2017Q4 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
95000 USD
CY2016Q4 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
3000 USD
CY2017 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
644000 USD
CY2017 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-290000 USD
CY2016 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-307000 USD
CY2017 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-128000 USD
CY2016 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-249000 USD
CY2017 us-gaap Proceeds From Sale Of Notes Receivable
ProceedsFromSaleOfNotesReceivable
0 USD
CY2016 us-gaap Proceeds From Sale Of Notes Receivable
ProceedsFromSaleOfNotesReceivable
67000 USD
CY2017 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
645000 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
516000 USD
CY2016 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
158000 USD
CY2017 us-gaap Treasury Stock Retired Par Value Method Amount
TreasuryStockRetiredParValueMethodAmount
0 USD
CY2016 us-gaap Treasury Stock Retired Par Value Method Amount
TreasuryStockRetiredParValueMethodAmount
157000 USD
CY2017Q4 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
2520000 USD
CY2016Q4 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
2642000 USD
CY2016Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
21392000 USD
CY2016 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
628000 USD
CY2016 us-gaap Income Tax Reconciliation Nondeductible Expense Meals And Entertainment
IncomeTaxReconciliationNondeductibleExpenseMealsAndEntertainment
29000 USD
CY2017 rfil Effective Income Tax Rate Reconciliation Nondeductible Expense Temporary Trueups Amount
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseTemporaryTrueupsAmount
26000 USD
CY2016 rfil Effective Income Tax Rate Reconciliation Nondeductible Expense Temporary Trueups Amount
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseTemporaryTrueupsAmount
0 USD
CY2017Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
21343000 USD
CY2017 us-gaap Inventory Write Down
InventoryWriteDown
0 USD
CY2016 us-gaap Inventory Write Down
InventoryWriteDown
168000 USD
CY2017 us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
6000 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
441000 USD
CY2017 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
56000 USD
CY2017Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
194000 USD
CY2016Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
279000 USD
CY2017Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
3395000 USD
CY2016Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
3101000 USD
CY2017 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
24000 USD
CY2016 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
-13000 USD
CY2017 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
424000 USD
CY2016 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
-345000 USD
CY2017 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-293000 USD
CY2016 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-179000 USD
CY2017 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
3000 USD
CY2016 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-128000 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
440000 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
359000 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
2401000 USD
CY2017 us-gaap Adjustments To Additional Paid In Capital Tax Effect From Share Based Compensation
AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation
6000 USD
CY2017 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
136000 USD
CY2016 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-1592000 USD
CY2017 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
16000 USD
CY2016 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-53000 USD
CY2017 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.340 pure
CY2017Q4 us-gaap Other Assets Miscellaneous Current
OtherAssetsMiscellaneousCurrent
115000 USD
CY2016Q4 us-gaap Other Assets Miscellaneous Current
OtherAssetsMiscellaneousCurrent
135000 USD
CY2017Q4 us-gaap Notes And Loans Receivable Net Current
NotesAndLoansReceivableNetCurrent
83000 USD
CY2016Q4 us-gaap Notes And Loans Receivable Net Current
NotesAndLoansReceivableNetCurrent
83000 USD
CY2017 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
214000 USD
CY2017 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
707000 USD
CY2016 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.340 pure
CY2017 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.040 pure
CY2016 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.011 pure
CY2017 rfil Effective Income Tax Rate Reconciliation Nondeductible Expensegoodwill And Other Intangible Impairment Amount
EffectiveIncomeTaxRateReconciliationNondeductibleExpensegoodwillAndOtherIntangibleImpairmentAmount
0 USD
CY2016 rfil Effective Income Tax Rate Reconciliation Nondeductible Expensegoodwill And Other Intangible Impairment Amount
EffectiveIncomeTaxRateReconciliationNondeductibleExpensegoodwillAndOtherIntangibleImpairmentAmount
916000 USD
CY2017Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
526000 USD
CY2016Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
347000 USD
CY2017Q4 us-gaap Prepaid Taxes
PrepaidTaxes
20000 USD
CY2016Q4 us-gaap Prepaid Taxes
PrepaidTaxes
871000 USD
CY2017 rfil Effective Income Tax Rate Reconciliation Nondeductible Expensebusiness Acquisition Earn Out Amount
EffectiveIncomeTaxRateReconciliationNondeductibleExpensebusinessAcquisitionEarnOutAmount
-9000 USD
CY2016 rfil Effective Income Tax Rate Reconciliation Nondeductible Expensebusiness Acquisition Earn Out Amount
EffectiveIncomeTaxRateReconciliationNondeductibleExpensebusinessAcquisitionEarnOutAmount
52000 USD
CY2017 us-gaap Income Tax Reconciliation Deductions Qualified Production Activities
IncomeTaxReconciliationDeductionsQualifiedProductionActivities
-66000 USD
CY2016 us-gaap Income Tax Reconciliation Deductions Qualified Production Activities
IncomeTaxReconciliationDeductionsQualifiedProductionActivities
46000 USD
CY2017 rfil Effective Income Tax Rate Reconciliation Nondeductible Expenseinternational Standard Organisation Stock Options Amount
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseinternationalStandardOrganisationStockOptionsAmount
33000 USD
CY2016 rfil Effective Income Tax Rate Reconciliation Nondeductible Expenseinternational Standard Organisation Stock Options Amount
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseinternationalStandardOrganisationStockOptionsAmount
52000 USD
CY2017 us-gaap Income Tax Reconciliation Nondeductible Expense Meals And Entertainment
IncomeTaxReconciliationNondeductibleExpenseMealsAndEntertainment
21000 USD
CY2016 us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
154000 USD
CY2017 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
6000 USD
CY2016 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
154000 USD
CY2017 rfil Effective Income Tax Rate Reconciliation Nondeductible Expensebusiness Acquisition Earn Outpercent
EffectiveIncomeTaxRateReconciliationNondeductibleExpensebusinessAcquisitionEarnOutpercent
-0.023 pure
CY2017 us-gaap Advertising Expense
AdvertisingExpense
130000 USD
CY2016 us-gaap Advertising Expense
AdvertisingExpense
156000 USD
CY2017 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
737512 shares
CY2016 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
824441 shares
CY2017 us-gaap Use Of Estimates
UseOfEstimates
<div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "><div style="CLEAR:both;CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;color: rgb(0, 0, 0); font-family: &#34;Times New Roman&#34;, Times, serif; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: normal; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; transparent-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-stretch: normal; line-height: normal; margin: 0pt 0px;"><div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;font-weight:bold;display:inline;width:100%;">Use of estimates&#160;</div></div><div style="CLEAR:both;CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;color: rgb(0, 0, 0); font-family: &#34;Times New Roman&#34;, Times, serif; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: normal; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; transparent-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-stretch: normal; line-height: normal; margin: 0pt 0px;"><div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;font-weight:bold;display:inline;width:100%;">&#160;</div></div><div style="CLEAR:both;CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;color: rgb(0, 0, 0); font-family: &#34;Times New Roman&#34;, Times, serif; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: normal; letter-spacing: normal; orphans: 2; text-align: start; text-transform: none; transparent-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-stretch: normal; line-height: normal; margin: 0pt 0px; text-indent: 0.5in;">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="border-collapse:collapse; clear:both;width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td style="background-color: #fff"></td></tr></table><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
CY2017 rfil Effective Income Tax Rate Reconciliation Nondeductible Expense State Tax Refunds Net Of Federal Expense Amount
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseStateTaxRefundsNetOfFederalExpenseAmount
-4000 USD
CY2016 rfil Effective Income Tax Rate Reconciliation Nondeductible Expense State Tax Refunds Net Of Federal Expense Amount
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseStateTaxRefundsNetOfFederalExpenseAmount
-38000 USD
CY2017 us-gaap Income Tax Reconciliation Nondeductible Expense Research And Development
IncomeTaxReconciliationNondeductibleExpenseResearchAndDevelopment
37000 USD
CY2016 us-gaap Income Tax Reconciliation Nondeductible Expense Research And Development
IncomeTaxReconciliationNondeductibleExpenseResearchAndDevelopment
46000 USD
CY2017 us-gaap Income Tax Reconciliation Nondeductible Expense Other
IncomeTaxReconciliationNondeductibleExpenseOther
-18000 USD
CY2016 us-gaap Income Tax Reconciliation Nondeductible Expense Other
IncomeTaxReconciliationNondeductibleExpenseOther
18000 USD
CY2017 rfil Effective Income Tax Rate Reconciliation Nondeductible Expensegoodwill And Other Intangible Impairmentpercent
EffectiveIncomeTaxRateReconciliationNondeductibleExpensegoodwillAndOtherIntangibleImpairmentpercent
0.0 pure
CY2016 rfil Effective Income Tax Rate Reconciliation Nondeductible Expensegoodwill And Other Intangible Impairmentpercent
EffectiveIncomeTaxRateReconciliationNondeductibleExpensegoodwillAndOtherIntangibleImpairmentpercent
-0.196 pure
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0120 pure
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0070 pure
CY2016 rfil Effective Income Tax Rate Reconciliation Nondeductible Expensebusiness Acquisition Earn Outpercent
EffectiveIncomeTaxRateReconciliationNondeductibleExpensebusinessAcquisitionEarnOutpercent
-0.011 pure
CY2017 rfil Effective Income Tax Rate Reconciliation Nondeductible Expenseinternational Standard Organisation Stock Optionspercent
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseinternationalStandardOrganisationStockOptionspercent
0.083 pure
CY2016 rfil Effective Income Tax Rate Reconciliation Nondeductible Expenseinternational Standard Organisation Stock Optionspercent
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseinternationalStandardOrganisationStockOptionspercent
-0.011 pure
CY2017 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Meals And Entertainment
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseMealsAndEntertainment
0.053 pure
CY2016 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Meals And Entertainment
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseMealsAndEntertainment
-0.006 pure
CY2017 rfil Effective Income Tax Rate Reconciliation Nondeductible Expensetemporary Trueupspercent
EffectiveIncomeTaxRateReconciliationNondeductibleExpensetemporaryTrueupspercent
0.064 pure
CY2016 rfil Effective Income Tax Rate Reconciliation Nondeductible Expensetemporary Trueupspercent
EffectiveIncomeTaxRateReconciliationNondeductibleExpensetemporaryTrueupspercent
0.0 pure
CY2017 rfil Effective Income Tax Rate Reconciliation Nondeductible Expensesstate Tax Refunds Net Of Federal Expensepercent
EffectiveIncomeTaxRateReconciliationNondeductibleExpensesstateTaxRefundsNetOfFederalExpensepercent
-0.008 pure
CY2016 rfil Effective Income Tax Rate Reconciliation Nondeductible Expensesstate Tax Refunds Net Of Federal Expensepercent
EffectiveIncomeTaxRateReconciliationNondeductibleExpensesstateTaxRefundsNetOfFederalExpensepercent
0.008 pure
CY2017 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Research And Development
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseResearchAndDevelopment
-0.093 pure
CY2016 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Research And Development
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseResearchAndDevelopment
0.010 pure
CY2017 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Other
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseOther
0.044 pure
CY2016 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Other
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseOther
0.004 pure
CY2017 rfil Effective Income Tax Rate Reconciliation Net
EffectiveIncomeTaxRateReconciliationNet
0.335 pure
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
0.39
CY2017 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
589000 USD
CY2016 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
649000 USD
CY2016 rfil Effective Income Tax Rate Reconciliation Net
EffectiveIncomeTaxRateReconciliationNet
0.139 pure
CY2017Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Reserves
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsReserves
375000 USD
CY2016Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Reserves
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsReserves
216000 USD
CY2017Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
122000 USD
CY2016Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
134000 USD
CY2017Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
184000 USD
CY2016Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
159000 USD
CY2017Q4 rfil Deferred Tax Assets Tax Deferred Expense Uniform Capitalization
DeferredTaxAssetsTaxDeferredExpenseUniformCapitalization
130000 USD
CY2016Q4 rfil Deferred Tax Assets Tax Deferred Expense Uniform Capitalization
DeferredTaxAssetsTaxDeferredExpenseUniformCapitalization
148000 USD
CY2017Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
70000 USD
CY2016Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
43000 USD
CY2017Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
881000 USD
CY2016Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
700000 USD
CY2017Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
805000 USD
CY2016Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
864000 USD
CY2017Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
195000 USD
CY2016Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
211000 USD
CY2017Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
0 USD
CY2016Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
34000 USD
CY2017Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
1000000 USD
CY2016Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
1109000 USD
CY2017Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
119000 USD
CY2016Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
409000 USD
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.433 pure
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.287 pure
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.050 pure
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.024 pure
CY2017 us-gaap Royalty Revenue
RoyaltyRevenue
174000 USD
CY2016 us-gaap Royalty Revenue
RoyaltyRevenue
57000 USD
CY2017 us-gaap Discontinued Operation Provision For Loss Gain On Disposal Before Income Tax
DiscontinuedOperationProvisionForLossGainOnDisposalBeforeIncomeTax
68000 USD
CY2016 us-gaap Discontinued Operation Provision For Loss Gain On Disposal Before Income Tax
DiscontinuedOperationProvisionForLossGainOnDisposalBeforeIncomeTax
-33000 USD
CY2017Q4 us-gaap Cash Fdic Insured Amount
CashFDICInsuredAmount
5200000 USD
CY2017Q4 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
855000 USD
CY2016Q4 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
941000 USD
CY2017Q4 rfil Accrued Inventory Receipts Current
AccruedInventoryReceiptsCurrent
695000 USD
CY2016Q4 rfil Accrued Inventory Receipts Current
AccruedInventoryReceiptsCurrent
578000 USD
CY2017Q4 rfil Accrued Earn Out Liability
AccruedEarnOutLiability
236000 USD
CY2016Q4 rfil Accrued Earn Out Liability
AccruedEarnOutLiability
707000 USD
CY2017Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
456000 USD
CY2016Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
544000 USD
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
400000 USD

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0001144204-18-003386.txt Edgar Link pending
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rfil-20171031.xml Edgar Link completed
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