2019 Q4 Form 10-K Financial Statement
#000156459020014271 Filed on March 30, 2020
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% |
Facts In Submission
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<p style="text-align:justify;margin-top:18pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;">Credit Risk</p> <p style="text-align:justify;margin-top:6pt;margin-bottom:0pt;text-indent:5.24%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">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> | |
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<p style="text-align:justify;margin-top:18pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;">Use of Estimates</p> <p style="text-align:justify;margin-top:6pt;margin-bottom:0pt;text-indent:5.24%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The preparation of the financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could materially differ from management’s estimates.</p> | |
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3191592 | |
CY2019Q4 | us-gaap |
Real Estate And Accumulated Depreciation Carrying Amount Of Land
RealEstateAndAccumulatedDepreciationCarryingAmountOfLand
|
6122065 | |
CY2019Q4 | us-gaap |
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements
RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements
|
56661759 | |
CY2019Q4 | us-gaap |
Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
|
62783824 | |
CY2019Q4 | us-gaap |
Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
|
4851946 | |
CY2022Q4 | us-gaap |
Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
|
11878 | |
CY2019 | self |
Weighted Average Number Of Shares Outstanding Net Effect Of Dilutive Unvested Restricted Stock Awards Included For Treasury Stock Method
WeightedAverageNumberOfSharesOutstandingNetEffectOfDilutiveUnvestedRestrictedStockAwardsIncludedForTreasuryStockMethod
|
2151 | |
CY2018 | self |
Weighted Average Number Of Shares Outstanding Net Effect Of Dilutive Unvested Restricted Stock Awards Included For Treasury Stock Method
WeightedAverageNumberOfSharesOutstandingNetEffectOfDilutiveUnvestedRestrictedStockAwardsIncludedForTreasuryStockMethod
|
1835 | |
CY2019 | us-gaap |
Dividends Common Stock
DividendsCommonStock
|
2107376 | |
CY2018 | us-gaap |
Dividends Common Stock
DividendsCommonStock
|
1992397 | |
CY2019 | us-gaap |
Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
|
0.26 | |
CY2018 | us-gaap |
Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
|
0.26 | |
CY2019 | self |
Reimbursement Of Automobile Expenses
ReimbursementOfAutomobileExpenses
|
1000 | |
CY2019 | self |
Automobile Reimbursement Amount
AutomobileReimbursementAmount
|
3228 | |
CY2018 | self |
Automobile Reimbursement Amount
AutomobileReimbursementAmount
|
3228 | |
CY2019Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | |
CY2019Q4 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
6280987 | |
CY2019Q4 | self |
Issuance Of Rights Offering Net Shares
IssuanceOfRightsOfferingNetShares
|
1601291 | |
CY2019Q4 | us-gaap |
Shares Issued Price Per Share
SharesIssuedPricePerShare
|
4.18 |