$SKAS
Saker Aviation Services, Inc.

2014 Q2 Form 10-Q Financial Statement

#000114420414049431 Filed on August 14, 2014

View on sec.gov

Income Statement

Concept 2014 Q2 2013 Q2
Revenue $4.752M $4.008M
YoY Change 18.56% -17.6%
Cost Of Revenue $2.299M $1.982M
YoY Change 16.02% -27.31%
Gross Profit $2.453M $2.027M
YoY Change 21.04% -5.22%
Gross Profit Margin 51.62% 50.56%
Selling, General & Admin $1.768M $1.466M
YoY Change 20.55% -7.26%
% of Gross Profit 72.06% 72.35%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $140.0K $120.0K
YoY Change 16.67% 20.0%
% of Gross Profit 5.71% 5.92%
Operating Expenses $1.768M $1.466M
YoY Change 20.55% -7.26%
Operating Profit $685.4K $560.3K
YoY Change 22.32% 0.57%
Interest Expense $13.99K $30.39K
YoY Change -53.98% -18.04%
% of Operating Profit 2.04% 5.42%
Other Income/Expense, Net -$6.283K -$22.28K
YoY Change -71.8% -19.67%
Pretax Income $679.1K $538.0K
YoY Change 26.21% 1.63%
Income Tax $329.0K -$317.0K
% Of Pretax Income 48.45% -58.92%
Net Earnings $209.2K $234.5K
YoY Change -10.82% -13.14%
Net Earnings / Revenue 4.4% 5.85%
Basic Earnings Per Share
Diluted Earnings Per Share $182.6K $198.3K
COMMON SHARES
Basic Shares Outstanding 33.11M shares 33.05M shares
Diluted Shares Outstanding 34.58M shares 34.75M shares

Balance Sheet

Concept 2014 Q2 2013 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $430.0K $180.0K
YoY Change 138.89% -77.5%
Cash & Equivalents $428.4K
Short-Term Investments
Other Short-Term Assets $1.150M $750.0K
YoY Change 53.33% 102.7%
Inventory $312.5K $310.7K
Prepaid Expenses
Receivables $2.135M $1.992M
Other Receivables $140.0K $110.0K
Total Short-Term Assets $4.153M $3.345M
YoY Change 24.16% 7.2%
LONG-TERM ASSETS
Property, Plant & Equipment $2.315M $2.649M
YoY Change -12.6% 9.45%
Goodwill $1.080M $2.368M
YoY Change -54.38%
Intangibles $360.0K $135.0K
YoY Change 166.67%
Long-Term Investments
YoY Change
Other Assets $180.0K $180.0K
YoY Change 0.0% -10.0%
Total Long-Term Assets $3.938M $5.467M
YoY Change -27.97% 1.82%
TOTAL ASSETS
Total Short-Term Assets $4.153M $3.345M
Total Long-Term Assets $3.938M $5.467M
Total Assets $8.091M $8.812M
YoY Change -8.18% 3.79%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.517M $861.3K
YoY Change 76.1% 9.03%
Accrued Expenses $626.1K $574.6K
YoY Change 8.96% 55.3%
Deferred Revenue
YoY Change
Short-Term Debt $550.0K $300.0K
YoY Change 83.33% -51.61%
Long-Term Debt Due $710.0K $780.0K
YoY Change -8.97% 41.82%
Total Short-Term Liabilities $3.537M $2.661M
YoY Change 32.95% 8.16%
LONG-TERM LIABILITIES
Long-Term Debt $1.140M $640.0K
YoY Change 78.13% -56.76%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $1.140M $640.0K
YoY Change 78.13% -56.76%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.537M $2.661M
Total Long-Term Liabilities $1.140M $640.0K
Total Liabilities $4.835M $3.694M
YoY Change 30.87% -6.24%
SHAREHOLDERS EQUITY
Retained Earnings -$16.72M -$14.82M
YoY Change 12.77%
Common Stock $19.97M $19.94M
YoY Change 0.16%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.256M $5.118M
YoY Change
Total Liabilities & Shareholders Equity $8.091M $8.812M
YoY Change -8.18% 3.79%

Cashflow Statement

Concept 2014 Q2 2013 Q2
OPERATING ACTIVITIES
Net Income $209.2K $234.5K
YoY Change -10.82% -13.14%
Depreciation, Depletion And Amortization $140.0K $120.0K
YoY Change 16.67% 20.0%
Cash From Operating Activities $640.0K $230.0K
YoY Change 178.26% -47.73%
INVESTING ACTIVITIES
Capital Expenditures -$120.0K -$140.0K
YoY Change -14.29% 600.0%
Acquisitions
YoY Change
Other Investing Activities $30.00K $30.00K
YoY Change 0.0% 0.0%
Cash From Investing Activities -$90.00K -$110.0K
YoY Change -18.18%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -220.0K -120.0K
YoY Change 83.33% -20.0%
NET CHANGE
Cash From Operating Activities 640.0K 230.0K
Cash From Investing Activities -90.00K -110.0K
Cash From Financing Activities -220.0K -120.0K
Net Change In Cash 330.0K -0.00000000008731
YoY Change -377957122048000200.0% -100.0%
FREE CASH FLOW
Cash From Operating Activities $640.0K $230.0K
Capital Expenditures -$120.0K -$140.0K
Free Cash Flow $760.0K $370.0K
YoY Change 105.41% -19.57%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2014Q2 us-gaap Cash
Cash
428425 USD
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
34575021 shares
CY2013Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
34747338 shares
CY2014Q2 skas Working Capital
WorkingCapital
615298 USD
us-gaap Sales Revenue Net
SalesRevenueNet
8153286 USD
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
221029 USD
CY2013Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
1626639 USD
CY2013Q4 us-gaap Inventory Net
InventoryNet
338513 USD
CY2013Q4 us-gaap Notes And Loans Receivable Net Current
NotesAndLoansReceivableNetCurrent
116219 USD
CY2013Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
999479 USD
CY2013Q4 us-gaap Cash
Cash
146405 USD
CY2014Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
2134795 USD
CY2014Q2 us-gaap Inventory Net
InventoryNet
312467 USD
CY2014Q2 us-gaap Notes And Loans Receivable Net Current
NotesAndLoansReceivableNetCurrent
130759 USD
CY2014Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
1146233 USD
CY2014Q2 us-gaap Assets Current
AssetsCurrent
4152679 USD
CY2014Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2314937 USD
CY2014Q2 us-gaap Deposits Assets Noncurrent
DepositsAssetsNoncurrent
178524 USD
CY2014Q2 us-gaap Notes And Loans Receivable Net Noncurrent
NotesAndLoansReceivableNetNoncurrent
4474 USD
CY2014Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
360000 USD
CY2014Q2 us-gaap Goodwill
Goodwill
1080380 USD
CY2014Q2 us-gaap Other Assets
OtherAssets
1623378 USD
CY2014Q2 us-gaap Assets
Assets
8090994 USD
CY2014Q2 us-gaap Accounts Payable Current
AccountsPayableCurrent
1516751 USD
CY2014Q2 us-gaap Customer Deposits Current
CustomerDepositsCurrent
132869 USD
CY2014Q2 us-gaap Lines Of Credit Current
LinesOfCreditCurrent
550000 USD
CY2014Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
626091 USD
CY2014Q2 us-gaap Notes Payable Current
NotesPayableCurrent
711670 USD
CY2014Q2 us-gaap Liabilities Current
LiabilitiesCurrent
3537381 USD
CY2014Q2 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
155000 USD
CY2014Q2 us-gaap Long Term Notes Payable
LongTermNotesPayable
1142419 USD
CY2014Q2 us-gaap Liabilities
Liabilities
4834800 USD
CY2014Q2 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2013Q4 us-gaap Assets Current
AssetsCurrent
3227255 USD
CY2013Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2444840 USD
CY2013Q4 us-gaap Deposits Assets Noncurrent
DepositsAssetsNoncurrent
180184 USD
CY2013Q4 us-gaap Notes And Loans Receivable Net Noncurrent
NotesAndLoansReceivableNetNoncurrent
76110 USD
CY2013Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
360000 USD
CY2013Q4 us-gaap Goodwill
Goodwill
1080380 USD
CY2013Q4 us-gaap Other Assets
OtherAssets
1696674 USD
CY2013Q4 us-gaap Assets
Assets
7368769 USD
CY2013Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
869968 USD
CY2013Q4 us-gaap Customer Deposits Current
CustomerDepositsCurrent
131548 USD
CY2013Q4 us-gaap Lines Of Credit Current
LinesOfCreditCurrent
375000 USD
CY2013Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
555177 USD
CY2013Q4 us-gaap Notes Payable Current
NotesPayableCurrent
992862 USD
CY2013Q4 us-gaap Liabilities Current
LiabilitiesCurrent
2924555 USD
CY2013Q4 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
140000 USD
CY2013Q4 us-gaap Long Term Notes Payable
LongTermNotesPayable
1284440 USD
CY2013Q4 us-gaap Liabilities
Liabilities
4348995 USD
CY2013Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2013Q4 us-gaap Common Stock Value
CommonStockValue
33057 USD
CY2013Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
19925807 USD
CY2013Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-16939090 USD
CY2013Q4 us-gaap Stockholders Equity
StockholdersEquity
3019774 USD
CY2013Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
7368769 USD
CY2013Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
33046655 shares
CY2014Q2 skas Incremental Common Shares Attributable To Options
IncrementalCommonSharesAttributableToOptions
1469068 shares
CY2014Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
34576678 shares
us-gaap Disposal Group Including Discontinued Operation Revenue
DisposalGroupIncludingDiscontinuedOperationRevenue
0 USD
us-gaap Disposal Group Including Discontinued Operation Costs Of Goods Sold
DisposalGroupIncludingDiscontinuedOperationCostsOfGoodsSold
0 USD
us-gaap Disposal Group Including Discontinued Operation Gross Profit Loss
DisposalGroupIncludingDiscontinuedOperationGrossProfitLoss
0 USD
us-gaap Disposal Group Including Discontinued Operation Operating Expense
DisposalGroupIncludingDiscontinuedOperationOperatingExpense
0 USD
us-gaap Disposal Group Including Discontinued Operation Operating Income Loss
DisposalGroupIncludingDiscontinuedOperationOperatingIncomeLoss
0 USD
skas Incremental Common Shares Attributable To Options
IncrementalCommonSharesAttributableToOptions
1469068 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
34747338 shares
CY2014Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
33107610 shares
CY2013Q2 skas Incremental Common Shares Attributable To Options
IncrementalCommonSharesAttributableToOptions
1700683 shares
CY2013Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1249362 USD
CY2013Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2013Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2013Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2013Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000 shares
CY2013Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
33057610 shares
CY2013Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
33057610 shares
CY2013Q2 us-gaap Sales Revenue Net
SalesRevenueNet
4008082 USD
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
3513773 USD
CY2014Q2 us-gaap Common Stock Value
CommonStockValue
33108 USD
CY2014Q2 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
19941147 USD
CY2014Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-16718061 USD
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
33105953 shares
CY2014Q2 us-gaap Stockholders Equity
StockholdersEquity
3256194 USD
CY2014Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
8090994 USD
us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
8309020 USD
us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
560057 USD
us-gaap Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
0.02
us-gaap Weighted Average Basic Shares Outstanding Pro Forma
WeightedAverageBasicSharesOutstandingProForma
33046655 shares
skas Incremental Common Shares Attributable To Options
IncrementalCommonSharesAttributableToOptions
1700683 shares
us-gaap Share Based Compensation
ShareBasedCompensation
16515 USD
us-gaap Share Based Compensation
ShareBasedCompensation
15391 USD
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
450000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1150000 shares
skas Share Based Compensation Stock Options Unamortized Fair Value
ShareBasedCompensationStockOptionsUnamortizedFairValue
7700 USD
us-gaap Net Income Loss
NetIncomeLoss
291489 USD
us-gaap Net Income Loss
NetIncomeLoss
221029 USD
CY2014Q2 us-gaap Net Income Loss
NetIncomeLoss
209160 USD
us-gaap Disposal Group Including Discontinued Operation Revenue
DisposalGroupIncludingDiscontinuedOperationRevenue
2103360 USD
us-gaap Disposal Group Including Discontinued Operation Costs Of Goods Sold
DisposalGroupIncludingDiscontinuedOperationCostsOfGoodsSold
1483247 USD
us-gaap Disposal Group Including Discontinued Operation Gross Profit Loss
DisposalGroupIncludingDiscontinuedOperationGrossProfitLoss
620113 USD
us-gaap Disposal Group Including Discontinued Operation Operating Expense
DisposalGroupIncludingDiscontinuedOperationOperatingExpense
603721 USD
us-gaap Disposal Group Including Discontinued Operation Operating Income Loss
DisposalGroupIncludingDiscontinuedOperationOperatingIncomeLoss
16392 USD
us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Basic Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare
0.00
us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Basic Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare
0.00
skas Discontinued Operation Income Loss From Discontinued Operation Weighted Average Number Of Shares Outstanding Basic
DiscontinuedOperationIncomeLossFromDiscontinuedOperationWeightedAverageNumberOfSharesOutstandingBasic
33046655 shares
skas Discontinued Operation Income Loss From Discontinued Operation Weighted Average Number Of Shares Outstanding Basic
DiscontinuedOperationIncomeLossFromDiscontinuedOperationWeightedAverageNumberOfSharesOutstandingBasic
33105933 shares
CY2014Q2 us-gaap Trade Receivables Held For Sale Net
TradeReceivablesHeldForSaleNet
0 USD
CY2014Q2 us-gaap Disposal Group Including Discontinued Operation Accrued Liabilities Current
DisposalGroupIncludingDiscontinuedOperationAccruedLiabilitiesCurrent
0 USD
CY2013Q4 us-gaap Disposal Group Including Discontinued Operation Accrued Liabilities Current
DisposalGroupIncludingDiscontinuedOperationAccruedLiabilitiesCurrent
28000 USD
us-gaap Legal Fees
LegalFees
0 USD
CY2013Q2 us-gaap Legal Fees
LegalFees
0 USD
CY2014Q2 us-gaap Legal Fees
LegalFees
0 USD
CY2014Q2 us-gaap Accounts Payable Other Current
AccountsPayableOtherCurrent
250 USD
CY2013Q4 us-gaap Accounts Payable Other Current
AccountsPayableOtherCurrent
250 USD
CY2011Q3 skas Earn Out Amount For Extinguishment
EarnOutAmountForExtinguishment
2769000 USD
CY2011Q3 skas Earn Out Payments For Extinguishment
EarnOutPaymentsForExtinguishment
444000 USD
skas Earn Out Payments Liability
EarnOutPaymentsLiability
The balance of $316,567 is recorded as a current liability at a discount rate of seven (7%) percent. Continuing earn-out payments will be made on a monthly basis in an amount equal to (i) five percent (5%) of the subsidiarys gross receipts, plus (ii) five percent (5%) of the subsidiarys pre-tax profit.
skas Additional Payments For Execution Of Redemption Agreement
AdditionalPaymentsForExecutionOfRedemptionAgreement
2008433 USD
CY2014Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1425876 USD
CY2014Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2014Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
9999154 shares
CY2013Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
9999154 shares
CY2014Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2013Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2014Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2014Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2014Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000 shares
CY2014Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
33107610 shares
CY2014Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
33107610 shares
CY2014Q2 us-gaap Sales Revenue Net
SalesRevenueNet
5107847 USD
CY2013Q2 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
1981541 USD
CY2014Q2 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
2594535 USD
CY2013Q2 us-gaap Gross Profit
GrossProfit
2026541 USD
CY2013Q4 us-gaap Trade Receivables Held For Sale Net
TradeReceivablesHeldForSaleNet
160000 USD
us-gaap Legal Fees
LegalFees
0 USD
us-gaap Sales Revenue Net
SalesRevenueNet
6709538 USD
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
4385769 USD
us-gaap Gross Profit
GrossProfit
3195765 USD
us-gaap Gross Profit
GrossProfit
3767517 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
2393829 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
3244549 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
801936 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
522968 USD
us-gaap Other Nonoperating Income
OtherNonoperatingIncome
9075 USD
us-gaap Other Nonoperating Income
OtherNonoperatingIncome
11194 USD
us-gaap Other Nonoperating Expense
OtherNonoperatingExpense
111145 USD
us-gaap Other Nonoperating Expense
OtherNonoperatingExpense
0 USD
CY2014Q2 us-gaap Interest Expense
InterestExpense
24002 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-31939 USD
CY2014Q2 us-gaap Gross Profit
GrossProfit
2513312 USD
us-gaap Investment Income Interest
InvestmentIncomeInterest
9754 USD
us-gaap Investment Income Interest
InvestmentIncomeInterest
5905 USD
us-gaap Interest Expense
InterestExpense
53523 USD
us-gaap Interest Expense
InterestExpense
49038 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-145839 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
656097 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
491029 USD
us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
-187000 USD
us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
-255000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-194000 USD
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
275097 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
16392 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
0 USD
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.01
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.01
CY2013Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.01
us-gaap Depreciation And Amortization
DepreciationAndAmortization
224947 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
381073 USD
us-gaap Proceeds From Insurance Settlement Operating Activities
ProceedsFromInsuranceSettlementOperatingActivities
147928 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
9464 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
107307 USD
us-gaap Increase Decrease In Deposit Other Assets
IncreaseDecreaseInDepositOtherAssets
0 USD
us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
-194000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-117087 USD
us-gaap Increase Decrease In Customer Deposits
IncreaseDecreaseInCustomerDeposits
14619 USD
CY2013Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
1466211 USD
CY2014Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
2031854 USD
CY2013Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
560330 USD
CY2014Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
481458 USD
CY2013Q2 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
3468 USD
CY2014Q2 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
5000 USD
CY2013Q2 us-gaap Other Nonoperating Expense
OtherNonoperatingExpense
0 USD
CY2014Q2 us-gaap Other Nonoperating Expense
OtherNonoperatingExpense
0 USD
CY2013Q2 us-gaap Investment Income Interest
InvestmentIncomeInterest
4645 USD
CY2014Q2 us-gaap Investment Income Interest
InvestmentIncomeInterest
2704 USD
CY2013Q2 us-gaap Interest Expense
InterestExpense
30394 USD
CY2013Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-22281 USD
CY2014Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-16298 USD
CY2013Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
538049 USD
CY2014Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
465160 USD
CY2013Q2 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
-164000 USD
CY2014Q2 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
-250000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-15000 USD
CY2013Q2 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-153000 USD
CY2014Q2 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-6000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-381000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-270000 USD
CY2013Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-317000 USD
CY2014Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-256000 USD
CY2013Q2 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
221049 USD
CY2014Q2 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
209160 USD
CY2013Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
13486 USD
CY2014Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
0 USD
CY2013Q2 us-gaap Net Income Loss
NetIncomeLoss
234535 USD
CY2014Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.01
us-gaap Depreciation And Amortization
DepreciationAndAmortization
268346 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
508156 USD
us-gaap Proceeds From Insurance Settlement Operating Activities
ProceedsFromInsuranceSettlementOperatingActivities
0 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-26046 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
146754 USD
us-gaap Increase Decrease In Deposit Other Assets
IncreaseDecreaseInDepositOtherAssets
-1660 USD
us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
-15000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
646783 USD
us-gaap Increase Decrease In Customer Deposits
IncreaseDecreaseInCustomerDeposits
1321 USD
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
70914 USD
us-gaap Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
390551 USD
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
611580 USD
us-gaap Proceeds From Sale And Collection Of Notes Receivable
ProceedsFromSaleAndCollectionOfNotesReceivable
57096 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
138443 USD
us-gaap Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
0 USD
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-81347 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
541267 USD
us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
300607 USD
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
40260 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-69472 USD
CY2012Q4 us-gaap Cash
Cash
250408 USD
us-gaap Interest Paid
InterestPaid
53523 USD
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-63181 USD
us-gaap Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
-80103 USD
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
211386 USD
us-gaap Proceeds From Sale And Collection Of Notes Receivable
ProceedsFromSaleAndCollectionOfNotesReceivable
53247 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
689379 USD
us-gaap Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
315014 USD
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-321118 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
423213 USD
us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
175000 USD
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-248213 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
282020 USD
CY2013Q2 us-gaap Cash
Cash
180936 USD
us-gaap Interest Paid
InterestPaid
49038 USD
dei Document Type
DocumentType
10-Q
dei Amendment Flag
AmendmentFlag
false
dei Document Period End Date
DocumentPeriodEndDate
2014-06-30
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Entity Registrant Name
EntityRegistrantName
Saker Aviation Services, Inc.
dei Entity Central Index Key
EntityCentralIndexKey
0001128281
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Trading Symbol
TradingSymbol
SKAS
CY2014Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
33107610 shares
dei Entity Filer Category
EntityFilerCategory
Smaller Reporting Company
us-gaap Income Taxes Paid
IncomeTaxesPaid
114147 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
135535 USD
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
280920 USD
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
0 USD

Files In Submission

Name View Source Status
0001144204-14-049431-index-headers.html Edgar Link pending
0001144204-14-049431-index.html Edgar Link pending
0001144204-14-049431.txt Edgar Link pending
0001144204-14-049431-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
Financial_Report.xlsx 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
R3.htm Edgar Link pending
R4.htm Edgar Link pending
R5.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
Show.js Edgar Link pending
skas-20140630.xml Edgar Link completed
skas-20140630.xsd Edgar Link pending
skas-20140630_cal.xml Edgar Link unprocessable
skas-20140630_def.xml Edgar Link unprocessable
skas-20140630_lab.xml Edgar Link unprocessable
skas-20140630_pre.xml Edgar Link unprocessable
v385538_10q.htm Edgar Link pending
v385538_ex31-1.htm Edgar Link pending
v385538_ex31-2.htm Edgar Link pending
v385538_ex32-1.htm Edgar Link pending