$SKAS
Saker Aviation Services, Inc.

2015 Q4 Form 10-Q Financial Statement

#000114420415067246 Filed on November 20, 2015

View on sec.gov

Income Statement

Concept 2015 Q4 2015 Q3 2014 Q3
Revenue $4.200M $4.730M $4.801M
YoY Change 0.24% -1.49% 18.1%
Cost Of Revenue $1.910M $2.255M $2.695M
YoY Change -8.61% -16.31% 20.19%
Gross Profit $2.290M $2.475M $2.107M
YoY Change 9.05% 17.48% 15.53%
Gross Profit Margin 54.52% 52.32% 43.87%
Selling, General & Admin $1.780M $1.833M $1.651M
YoY Change 10.56% 11.03% 15.04%
% of Gross Profit 77.73% 74.07% 78.37%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization -$70.00K $340.0K $150.0K
YoY Change -133.33% 126.67% 7.14%
% of Gross Profit -3.06% 13.74% 7.12%
Operating Expenses $1.770M $1.833M $1.651M
YoY Change 9.94% 11.03% 15.04%
Operating Profit $520.0K $641.6K $455.6K
YoY Change 6.12% 40.84% 17.33%
Interest Expense -$10.00K $4.580K $12.38K
YoY Change 0.0% -62.99% -58.45%
% of Operating Profit -1.92% 0.71% 2.72%
Other Income/Expense, Net -$100.0K -$4.580K -$16.59K
YoY Change -1100.0% -72.39% -13.67%
Pretax Income $410.0K $637.1K $439.0K
YoY Change -16.33% 45.11% -122.95%
Income Tax $220.0K $352.0K $224.0K
% Of Pretax Income 53.66% 55.25% 51.02%
Net Earnings $300.0K $104.7K $179.9K
YoY Change -211.11% -41.78% -113.15%
Net Earnings / Revenue 7.14% 2.21% 3.75%
Basic Earnings Per Share
Diluted Earnings Per Share $270.3K $89.29K $157.9K
COMMON SHARES
Basic Shares Outstanding 33.11M shares 33.11M shares 33.11M shares
Diluted Shares Outstanding 33.67M shares 34.29M shares

Balance Sheet

Concept 2015 Q4 2015 Q3 2014 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $410.0K $720.0K $470.0K
YoY Change -22.64% 53.19% 261.54%
Cash & Equivalents $414.7K $717.3K
Short-Term Investments
Other Short-Term Assets $350.0K $1.130M $1.410M
YoY Change -32.69% -19.86% 28.18%
Inventory $67.86K $90.00K $270.0K
Prepaid Expenses
Receivables $2.521M $2.570M $2.090M
Other Receivables $300.0K $300.0K $130.0K
Total Short-Term Assets $3.658M $4.800M $4.370M
YoY Change 7.43% 9.84% 13.39%
LONG-TERM ASSETS
Property, Plant & Equipment $1.497M $1.610M $2.180M
YoY Change -28.28% -26.15% -16.55%
Goodwill $530.0K
YoY Change 0.0%
Intangibles $35.00K
YoY Change -75.44%
Long-Term Investments
YoY Change
Other Assets $320.0K $470.0K $180.0K
YoY Change -40.74% 161.11% 0.0%
Total Long-Term Assets $2.585M $2.850M $3.810M
YoY Change -21.69% -25.2% -11.65%
TOTAL ASSETS
Total Short-Term Assets $3.658M $4.800M $4.370M
Total Long-Term Assets $2.585M $2.850M $3.810M
Total Assets $6.243M $7.650M $8.180M
YoY Change -6.9% -6.48% 0.17%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $682.9K $1.360M $1.590M
YoY Change -31.46% -14.47% 90.11%
Accrued Expenses $589.4K $1.303M $730.0K
YoY Change 16.7% 78.49% 24.76%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $200.0K $550.0K
YoY Change -100.0% -63.64% 83.33%
Long-Term Debt Due $270.0K $330.0K $440.0K
YoY Change -27.03% -25.0% -42.11%
Total Short-Term Liabilities $1.671M $3.316M $3.530M
YoY Change -34.7% -6.07% 34.51%
LONG-TERM LIABILITIES
Long-Term Debt $650.0K $720.0K $1.050M
YoY Change -32.29% -31.43% -41.01%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $650.0K $720.0K $1.050M
YoY Change -32.29% -31.43% -41.01%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.671M $3.316M $3.530M
Total Long-Term Liabilities $650.0K $720.0K $1.050M
Total Liabilities $2.323M $4.036M $4.730M
YoY Change -33.91% -14.68% 7.36%
SHAREHOLDERS EQUITY
Retained Earnings -$16.11M -$16.41M
YoY Change -4.14%
Common Stock $20.03M $20.02M
YoY Change 0.17%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.919M $3.612M $3.440M
YoY Change
Total Liabilities & Shareholders Equity $6.243M $7.647M $8.180M
YoY Change -6.9% -6.51% 0.17%

Cashflow Statement

Concept 2015 Q4 2015 Q3 2014 Q3
OPERATING ACTIVITIES
Net Income $300.0K $104.7K $179.9K
YoY Change -211.11% -41.78% -113.15%
Depreciation, Depletion And Amortization -$70.00K $340.0K $150.0K
YoY Change -133.33% 126.67% 7.14%
Cash From Operating Activities -$380.0K $1.220M $420.0K
YoY Change -392.31% 190.48% -2200.0%
INVESTING ACTIVITIES
Capital Expenditures -$100.0K $30.00K -$20.00K
YoY Change 233.33% -250.0% -98.32%
Acquisitions
YoY Change
Other Investing Activities $500.0K -$420.0K $0.00
YoY Change 284.62% -100.0%
Cash From Investing Activities $400.0K -$390.0K -$20.00K
YoY Change 300.0% 1850.0% -98.29%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -320.0K -440.0K -360.0K
YoY Change 100.0% 22.22% -131.86%
NET CHANGE
Cash From Operating Activities -380.0K 1.220M 420.0K
Cash From Investing Activities 400.0K -390.0K -20.00K
Cash From Financing Activities -320.0K -440.0K -360.0K
Net Change In Cash -300.0K 390.0K 40.00K
YoY Change -528.57% 875.0% -166.67%
FREE CASH FLOW
Cash From Operating Activities -$380.0K $1.220M $420.0K
Capital Expenditures -$100.0K $30.00K -$20.00K
Free Cash Flow -$280.0K $1.190M $440.0K
YoY Change -275.0% 170.45% -62.39%

Facts In Submission

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dei Document Type
DocumentType
10-Q
dei Amendment Flag
AmendmentFlag
false
dei Document Period End Date
DocumentPeriodEndDate
2015-09-30
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2015
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
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
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CY2014Q4 us-gaap Preferred Stock Shares Authorized
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dei Entity Filer Category
EntityFilerCategory
Smaller Reporting Company
CY2015Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
2028121 USD
CY2014Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1610983 USD
dei Trading Symbol
TradingSymbol
SKAS
CY2015Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
33107610 shares
CY2014Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2015Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2014Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2015Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2015Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2014Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2015Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000 shares
CY2014Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000 shares
CY2015Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
33107610 shares
CY2014Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
33107610 shares
CY2014Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
33107610 shares
CY2015Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
33107610 shares
CY2015Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
1833063 USD
CY2014Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
1650934 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
4891708 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
4395786 USD
CY2015Q3 us-gaap Notes And Loans Receivable Net Current
NotesAndLoansReceivableNetCurrent
300000 USD
CY2014Q4 us-gaap Notes And Loans Receivable Net Current
NotesAndLoansReceivableNetCurrent
0 USD
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt"> <u><font style="FONT-SIZE: 10pt">Reclassifications</font></u></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt"> <font style="FONT-SIZE: 10pt">Certain reclassifications were made to prior year amounts to conform to the current year presentation. None of the reclassifications affected the Company&#8217;s net income in any period.</font></div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
CY2015Q3 us-gaap Long Term Accounts Notes And Loans Receivable Net Noncurrent
LongTermAccountsNotesAndLoansReceivableNetNoncurrent
200000 USD
CY2015Q3 us-gaap Disposal Group Including Discontinued Operation Consideration
DisposalGroupIncludingDiscontinuedOperationConsideration
250000 USD
CY2014Q4 us-gaap Long Term Accounts Notes And Loans Receivable Net Noncurrent
LongTermAccountsNotesAndLoansReceivableNetNoncurrent
0 USD

Files In Submission

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0001144204-15-067246-index-headers.html Edgar Link pending
0001144204-15-067246-index.html Edgar Link pending
0001144204-15-067246.txt Edgar Link pending
0001144204-15-067246-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
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report.css Edgar Link pending
Show.js Edgar Link pending
skas-20150930.xml Edgar Link completed
skas-20150930.xsd Edgar Link pending
skas-20150930_cal.xml Edgar Link unprocessable
skas-20150930_def.xml Edgar Link unprocessable
skas-20150930_lab.xml Edgar Link unprocessable
skas-20150930_pre.xml Edgar Link unprocessable
v423990_10q.htm Edgar Link pending
v423990_ex10-1.htm Edgar Link pending
v423990_ex31-1.htm Edgar Link pending
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v423990_ex32-1.htm Edgar Link pending