$SKAS
Saker Aviation Services, Inc.

2015 Q1 Form 10-Q Financial Statement

#000114420415031182 Filed on May 15, 2015

View on sec.gov

Income Statement

Concept 2015 Q1 2014 Q1
Revenue $2.710M $3.045M
YoY Change -11.01% 12.73%
Cost Of Revenue $1.494M $1.791M
YoY Change -16.61% 16.9%
Gross Profit $1.216M $1.254M
YoY Change -3.01% 7.27%
Gross Profit Margin 44.88% 41.18%
Selling, General & Admin $1.339M $1.213M
YoY Change 10.39% 30.73%
% of Gross Profit 110.05% 96.69%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $150.0K $130.0K
YoY Change 15.38% 30.0%
% of Gross Profit 12.33% 10.37%
Operating Expenses $1.339M $1.213M
YoY Change 10.39% 30.73%
Operating Profit -$122.3K $41.51K
YoY Change -394.62% -82.82%
Interest Expense $14.01K $25.04K
YoY Change -44.06% 8.25%
% of Operating Profit 60.32%
Other Income/Expense, Net -$14.30K -$15.64K
YoY Change -8.6% -87.34%
Pretax Income -$136.6K $25.87K
YoY Change -628.01% -78.09%
Income Tax $43.00K -$14.00K
% Of Pretax Income -54.12%
Net Earnings -$136.6K $11.87K
YoY Change -1250.83% -79.16%
Net Earnings / Revenue -5.04% 0.39%
Basic Earnings Per Share
Diluted Earnings Per Share -$127.3K $8.696K
COMMON SHARES
Basic Shares Outstanding 33.11M shares 33.10M shares
Diluted Shares Outstanding 34.90M shares

Balance Sheet

Concept 2015 Q1 2014 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $460.0K $90.00K
YoY Change 411.11% -52.63%
Cash & Equivalents $460.2K
Short-Term Investments
Other Short-Term Assets $290.0K $1.270M
YoY Change -77.17% 95.38%
Inventory $283.9K $323.0K
Prepaid Expenses
Receivables $1.458M $1.374M
Other Receivables $0.00 $100.0K
Total Short-Term Assets $2.489M $3.161M
YoY Change -21.25% 7.15%
LONG-TERM ASSETS
Property, Plant & Equipment $1.957M $2.333M
YoY Change -16.11% -11.29%
Goodwill $1.080M
YoY Change
Intangibles $360.0K
YoY Change
Long-Term Investments
YoY Change
Other Assets $540.0K $180.0K
YoY Change 200.0% 0.0%
Total Long-Term Assets $3.161M $4.019M
YoY Change -21.35% -26.66%
TOTAL ASSETS
Total Short-Term Assets $2.489M $3.161M
Total Long-Term Assets $3.161M $4.019M
Total Assets $5.650M $7.180M
YoY Change -21.31% -14.83%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $490.0K $799.3K
YoY Change -38.69% -5.97%
Accrued Expenses $190.0K $403.8K
YoY Change -52.95% -17.59%
Deferred Revenue
YoY Change
Short-Term Debt $550.0K $500.0K
YoY Change 10.0% 66.67%
Long-Term Debt Due $370.0K $970.0K
YoY Change -61.86% 36.62%
Total Short-Term Liabilities $1.730M $2.833M
YoY Change -38.93% 14.23%
LONG-TERM LIABILITIES
Long-Term Debt $860.0K $1.160M
YoY Change -25.86% 39.76%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $860.0K $1.160M
YoY Change -25.86% 39.76%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.730M $2.833M
Total Long-Term Liabilities $860.0K $1.160M
Total Liabilities $2.590M $4.140M
YoY Change -37.45% 16.63%
SHAREHOLDERS EQUITY
Retained Earnings -$16.93M
YoY Change
Common Stock $19.97M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.060M $3.039M
YoY Change
Total Liabilities & Shareholders Equity $5.650M $7.180M
YoY Change -21.31% -14.83%

Cashflow Statement

Concept 2015 Q1 2014 Q1
OPERATING ACTIVITIES
Net Income -$136.6K $11.87K
YoY Change -1250.83% -79.16%
Depreciation, Depletion And Amortization $150.0K $130.0K
YoY Change 15.38% 30.0%
Cash From Operating Activities $40.00K -$30.00K
YoY Change -233.33% 50.0%
INVESTING ACTIVITIES
Capital Expenditures $14.25K $19.08K
YoY Change -25.32% -96.51%
Acquisitions
YoY Change
Other Investing Activities $0.00 $30.00K
YoY Change -100.0% -91.18%
Cash From Investing Activities -$10.00K $10.00K
YoY Change -200.0% -104.76%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -90.00K -30.00K
YoY Change 200.0% -118.75%
NET CHANGE
Cash From Operating Activities 40.00K -30.00K
Cash From Investing Activities -10.00K 10.00K
Cash From Financing Activities -90.00K -30.00K
Net Change In Cash -60.00K -50.00K
YoY Change 20.0% -28.57%
FREE CASH FLOW
Cash From Operating Activities $40.00K -$30.00K
Capital Expenditures $14.25K $19.08K
Free Cash Flow $25.75K -$49.08K
YoY Change -152.47% -91.34%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2015Q1 dei Trading Symbol
TradingSymbol
SKAS
CY2015Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
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CY2015Q1 dei Entity Registrant Name
EntityRegistrantName
Saker Aviation Services, Inc.
CY2015Q1 dei Entity Central Index Key
EntityCentralIndexKey
0001128281
CY2015Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
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CY2015Q1 dei Entity Filer Category
EntityFilerCategory
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CY2015Q1 us-gaap Cash
Cash
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CY2015Q1 skas Working Capital
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CY2015Q1 skas Share Based Compensation Stock Options Unamortized Fair Value
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CY2015Q1 skas Incremental Common Shares Attributable To Warrants
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0001144204-15-031182.txt Edgar Link pending
0001144204-15-031182-xbrl.zip Edgar Link pending
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skas-20150331.xml Edgar Link completed
skas-20150331.xsd Edgar Link pending
skas-20150331_cal.xml Edgar Link unprocessable
skas-20150331_def.xml Edgar Link unprocessable
skas-20150331_lab.xml Edgar Link unprocessable
skas-20150331_pre.xml Edgar Link unprocessable
v410664_10q.htm Edgar Link pending
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v410664_ex32-1.htm Edgar Link pending