2016 Q4 Form 10-Q Financial Statement

#000156459016029245 Filed on November 14, 2016

View on sec.gov

Income Statement

Concept 2016 Q4 2016 Q3
Revenue $1.560M $1.349M
YoY Change
Cost Of Revenue $650.0K $530.0K
YoY Change
Gross Profit $900.0K $820.0K
YoY Change
Gross Profit Margin 57.69% 60.77%
Selling, General & Admin $350.0K $390.0K
YoY Change
% of Gross Profit 38.89% 47.56%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $350.0K $240.0K
YoY Change
% of Gross Profit 38.89% 29.27%
Operating Expenses $710.0K $1.394M
YoY Change
Operating Profit $190.0K -$44.42K
YoY Change
Interest Expense $420.0K $219.9K
YoY Change
% of Operating Profit 221.05%
Other Income/Expense, Net -$173.0K
YoY Change
Pretax Income $560.0K -$220.0K
YoY Change
Income Tax
% Of Pretax Income
Net Earnings $560.0K -$217.4K
YoY Change
Net Earnings / Revenue 35.9% -16.11%
Basic Earnings Per Share
Diluted Earnings Per Share $75.47K -$29.33K
COMMON SHARES
Basic Shares Outstanding 7.417M 7.417M
Diluted Shares Outstanding

Balance Sheet

Concept 2016 Q4 2016 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.910M $7.000M
YoY Change
Cash & Equivalents $2.912M $6.997M
Short-Term Investments
Other Short-Term Assets $270.0K $250.0K
YoY Change
Inventory
Prepaid Expenses
Receivables $160.0K $140.0K
Other Receivables $0.00 $0.00
Total Short-Term Assets $3.340M $7.390M
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $55.78M
YoY Change
Goodwill $694.1K
YoY Change
Intangibles
YoY Change
Long-Term Investments $1.470M $3.900M
YoY Change
Other Assets $50.00K $90.00K
YoY Change
Total Long-Term Assets $58.31M $53.18M
YoY Change
TOTAL ASSETS
Total Short-Term Assets $3.340M $7.390M
Total Long-Term Assets $58.31M $53.18M
Total Assets $61.65M $60.57M
YoY Change
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.720M $980.0K
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.720M $980.0K
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt $19.37M $19.36M
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $19.37M $19.36M
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $1.720M $980.0K
Total Long-Term Liabilities $19.37M $19.36M
Total Liabilities $21.10M $20.35M
YoY Change
SHAREHOLDERS EQUITY
Retained Earnings $5.874M $5.791M
YoY Change
Common Stock $76.20K $74.17K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $40.55M $40.22M
YoY Change
Total Liabilities & Shareholders Equity $61.65M $60.57M
YoY Change

Cashflow Statement

Concept 2016 Q4 2016 Q3
OPERATING ACTIVITIES
Net Income $560.0K -$217.4K
YoY Change
Depreciation, Depletion And Amortization $350.0K $240.0K
YoY Change
Cash From Operating Activities $240.0K $60.00K
YoY Change
INVESTING ACTIVITIES
Capital Expenditures -$210.0K -$1.270M
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$3.630M -$13.00M
YoY Change
Cash From Investing Activities -$3.840M -$14.27M
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -480.0K -390.0K
YoY Change
NET CHANGE
Cash From Operating Activities 240.0K 60.00K
Cash From Investing Activities -3.840M -14.27M
Cash From Financing Activities -480.0K -390.0K
Net Change In Cash -4.080M -14.60M
YoY Change
FREE CASH FLOW
Cash From Operating Activities $240.0K $60.00K
Capital Expenditures -$210.0K -$1.270M
Free Cash Flow $450.0K $1.330M
YoY Change

Facts In Submission

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<div> <p style="text-align:justify;margin-top:18pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Credit Risk</p> <p style="text-align:justify;margin-top:6pt;margin-bottom:0pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;text-indent:4.54%;">Financial assets that are exposed to credit risk consist primarily of cash and cash equivalents and certain portions of accounts receivable including rents receivable from our tenants. Cash and cash equivalents are on deposit with highly rated commercial banks.</p></div>
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