2019 Q4 Form 10-K Financial Statement

#000156459020014271 Filed on March 30, 2020

View on sec.gov

Income Statement

Concept 2019 Q4 2018 Q4 2018
Revenue $2.230M $2.070M $8.111M
YoY Change 7.73% 6.7% 8.54%
Cost Of Revenue $870.0K $800.0K $3.260M
YoY Change 8.75% -16.67% 3.49%
Gross Profit $1.350M $1.270M $4.850M
YoY Change 6.3% 29.59% 12.27%
Gross Profit Margin 60.54% 61.35% 59.8%
Selling, General & Admin $480.0K $470.0K $1.830M
YoY Change 2.13% 6.82% -5.18%
% of Gross Profit 35.56% 37.01% 37.73%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $380.0K $350.0K $1.398M
YoY Change 8.57% -2.78% -17.72%
% of Gross Profit 28.15% 27.56% 28.83%
Operating Expenses $870.0K $830.0K $6.685M
YoY Change 4.82% 3.75% -1.62%
Operating Profit $480.0K $440.0K $1.426M
YoY Change 9.09% 144.44% 110.43%
Interest Expense -$440.0K -$200.0K $897.9K
YoY Change 120.0% -4.76% 1.94%
% of Operating Profit -91.67% -45.45% 62.99%
Other Income/Expense, Net -$806.1K
YoY Change -2.14%
Pretax Income $20.00K $80.00K $620.0K
YoY Change -75.0% -500.0% -513.33%
Income Tax
% Of Pretax Income
Net Earnings $20.00K $80.00K $619.4K
YoY Change -75.0% -500.0% -523.44%
Net Earnings / Revenue 0.9% 3.86% 7.64%
Basic Earnings Per Share $0.08
Diluted Earnings Per Share $2.535K $10.48K $0.08
COMMON SHARES
Basic Shares Outstanding 7.622M
Diluted Shares Outstanding 7.624M

Balance Sheet

Concept 2019 Q4 2018 Q4 2018
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.990M $1.530M $1.530M
YoY Change 160.78% -28.84% -28.84%
Cash & Equivalents $3.990M $1.526M $1.530M
Short-Term Investments
Other Short-Term Assets $290.0K $260.0K $260.0K
YoY Change 11.54% 18.18% 18.18%
Inventory
Prepaid Expenses
Receivables $160.0K $70.00K $70.00K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $4.440M $1.860M $1.860M
YoY Change 138.71% -24.7% -24.7%
LONG-TERM ASSETS
Property, Plant & Equipment $59.79M $53.81M $53.81M
YoY Change 11.11% -2.25% -2.25%
Goodwill $694.1K $694.1K
YoY Change 0.0% 0.0%
Intangibles $398.8K
YoY Change
Long-Term Investments $1.760M $1.570M $1.570M
YoY Change 12.1% 1.29% 1.29%
Other Assets $580.0K $660.0K $660.0K
YoY Change -12.12% 500.0% 500.0%
Total Long-Term Assets $63.22M $56.73M $56.73M
YoY Change 11.45% -1.18% -1.17%
TOTAL ASSETS
Total Short-Term Assets $4.440M $1.860M $1.860M
Total Long-Term Assets $63.22M $56.73M $56.73M
Total Assets $67.66M $58.59M $58.59M
YoY Change 15.49% -2.15% -2.14%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.800M $2.110M $2.110M
YoY Change -14.69% 8.21% 8.21%
Accrued Expenses $40.00K
YoY Change
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 $1.840M $2.110M $2.110M
YoY Change -12.8% 8.21% 8.21%
LONG-TERM LIABILITIES
Long-Term Debt $23.75M $19.27M $19.27M
YoY Change 23.25% -0.77% -0.77%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $23.75M $19.27M $19.27M
YoY Change 23.25% -0.77% -0.77%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.840M $2.110M $2.110M
Total Long-Term Liabilities $23.75M $19.27M $19.27M
Total Liabilities $25.60M $21.38M $21.38M
YoY Change 19.7% 0.05% 0.05%
SHAREHOLDERS EQUITY
Retained Earnings $1.643M $3.167M
YoY Change -48.12% -15.46%
Common Stock $93.30K $76.93K
YoY Change 21.29% 0.96%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $42.07M $37.21M $37.21M
YoY Change
Total Liabilities & Shareholders Equity $67.66M $58.59M $58.59M
YoY Change 15.49% -2.15% -2.14%

Cashflow Statement

Concept 2019 Q4 2018 Q4 2018
OPERATING ACTIVITIES
Net Income $20.00K $80.00K $619.4K
YoY Change -75.0% -500.0% -523.44%
Depreciation, Depletion And Amortization $380.0K $350.0K $1.398M
YoY Change 8.57% -2.78% -17.72%
Cash From Operating Activities $110.0K $810.0K $2.281M
YoY Change -86.42% 65.31% 18.53%
INVESTING ACTIVITIES
Capital Expenditures -$7.300M -$50.00K -$160.0K
YoY Change 14500.0% -85.29% -75.38%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$7.300M -$50.00K -$164.5K
YoY Change 14500.0% -85.29% -74.8%
FINANCING ACTIVITIES
Cash Dividend Paid $1.992M
YoY Change 0.57%
Common Stock Issuance & Retirement, Net $6.281M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 10.09M -1.090M -2.661M
YoY Change -1025.69% 122.45% 34.32%
NET CHANGE
Cash From Operating Activities 110.0K 810.0K 2.281M
Cash From Investing Activities -7.300M -50.00K -164.5K
Cash From Financing Activities 10.09M -1.090M -2.661M
Net Change In Cash 2.900M -330.0K -544.1K
YoY Change -978.79% -2.94% -23.28%
FREE CASH FLOW
Cash From Operating Activities $110.0K $810.0K $2.281M
Capital Expenditures -$7.300M -$50.00K -$160.0K
Free Cash Flow $7.410M $860.0K $2.441M
YoY Change 761.63% 3.61% -5.18%

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