2016 Form 10-K Financial Statement

#000114420417018007 Filed on March 31, 2017

View on sec.gov

Income Statement

Concept 2016 2015 Q4 2015
Revenue $14.69M $4.200M $15.97M
YoY Change -8.04% 0.24% -2.69%
Cost Of Revenue $6.592M $1.910M $7.263M
YoY Change -9.24% -8.61% -16.03%
Gross Profit $8.099M $2.290M $8.712M
YoY Change -7.04% 9.05% 12.16%
Gross Profit Margin 55.13% 54.52% 54.54%
Selling, General & Admin $6.304M $1.780M $6.669M
YoY Change -5.47% 10.56% 11.02%
% of Gross Profit 77.84% 77.73% 76.55%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $505.0K -$70.00K $569.0K
YoY Change -11.25% -133.33% 3.64%
% of Gross Profit 6.24% -3.06% 6.53%
Operating Expenses $6.304M $1.770M $6.669M
YoY Change -5.47% 9.94% 11.02%
Operating Profit $1.795M $520.0K $2.043M
YoY Change -12.16% 6.12% 16.07%
Interest Expense $27.30K -$10.00K $25.02K
YoY Change 9.08% 0.0% -47.12%
% of Operating Profit 1.52% -1.92% 1.22%
Other Income/Expense, Net -$27.30K -$100.0K -$124.4K
YoY Change -78.06% -1100.0% 539.99%
Pretax Income $1.767M $410.0K $1.919M
YoY Change -7.88% -16.33% 10.22%
Income Tax $887.0K $220.0K $1.032M
% Of Pretax Income 50.19% 53.66% 53.79%
Net Earnings $880.4K $300.0K $695.2K
YoY Change 26.64% -211.11% 419.79%
Net Earnings / Revenue 5.99% 7.14% 4.35%
Basic Earnings Per Share $0.03 $0.02
Diluted Earnings Per Share $0.03 $270.3K $0.02
COMMON SHARES
Basic Shares Outstanding 33.16M 33.11M shares 33.11M shares
Diluted Shares Outstanding 33.32M 33.60M shares

Balance Sheet

Concept 2016 2015 Q4 2015
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.192M $410.0K $414.7K
YoY Change 428.64% -22.64% -21.91%
Cash & Equivalents $414.7K
Short-Term Investments
Other Short-Term Assets $437.6K $350.0K $354.5K
YoY Change 23.44% -32.69% -32.47%
Inventory $113.1K $67.86K $67.86K
Prepaid Expenses
Receivables $1.474M $2.521M $2.521M
Other Receivables $270.0K $300.0K $300.0K
Total Short-Term Assets $4.487M $3.658M $3.658M
YoY Change 22.67% 7.43% 7.42%
LONG-TERM ASSETS
Property, Plant & Equipment $1.074M $1.497M $1.497M
YoY Change -28.21% -28.28% -28.28%
Goodwill $530.0K
YoY Change 0.0%
Intangibles $35.00K
YoY Change -75.44%
Long-Term Investments
YoY Change
Other Assets $420.3K $320.0K $323.3K
YoY Change 29.99% -40.74% -40.3%
Total Long-Term Assets $2.480M $2.585M $2.585M
YoY Change -4.07% -21.69% -21.69%
TOTAL ASSETS
Total Short-Term Assets $4.487M $3.658M $3.658M
Total Long-Term Assets $2.480M $2.585M $2.585M
Total Assets $6.967M $6.243M $6.243M
YoY Change 11.6% -6.9% -6.9%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $842.4K $682.9K $682.9K
YoY Change 23.35% -31.46% -31.46%
Accrued Expenses $361.4K $589.4K $589.4K
YoY Change -38.68% 16.7% 16.7%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0% -100.0%
Long-Term Debt Due $345.0K $270.0K $272.4K
YoY Change 26.67% -27.03% -26.87%
Total Short-Term Liabilities $1.675M $1.671M $1.671M
YoY Change 0.27% -34.7% -34.7%
LONG-TERM LIABILITIES
Long-Term Debt $457.5K $650.0K $652.5K
YoY Change -29.89% -32.29% -31.82%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $457.5K $650.0K $652.5K
YoY Change -29.89% -32.29% -31.82%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.675M $1.671M $1.671M
Total Long-Term Liabilities $457.5K $650.0K $652.5K
Total Liabilities $2.133M $2.323M $2.323M
YoY Change -8.2% -33.91% -33.91%
SHAREHOLDERS EQUITY
Retained Earnings -$16.11M
YoY Change -4.14%
Common Stock $20.03M
YoY Change 0.17%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $4.834M $3.919M $3.919M
YoY Change
Total Liabilities & Shareholders Equity $6.967M $6.243M $6.243M
YoY Change 11.6% -6.9% -6.9%

Cashflow Statement

Concept 2016 2015 Q4 2015
OPERATING ACTIVITIES
Net Income $880.4K $300.0K $695.2K
YoY Change 26.64% -211.11% 419.79%
Depreciation, Depletion And Amortization $505.0K -$70.00K $569.0K
YoY Change -11.25% -133.33% 3.64%
Cash From Operating Activities $2.245M -$380.0K $990.6K
YoY Change 126.6% -392.31% -14.32%
INVESTING ACTIVITIES
Capital Expenditures $74.78K -$100.0K $152.4K
YoY Change -50.92% 233.33% -20.2%
Acquisitions
YoY Change
Other Investing Activities $30.00K $500.0K $0.00
YoY Change 284.62% -100.0%
Cash From Investing Activities -$194.8K $400.0K -$152.4K
YoY Change 27.83% 300.0% -11222.63%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00 $50.00
YoY Change -100.0% 0.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -272.4K -320.0K -954.5K
YoY Change -71.46% 100.0% 23.51%
NET CHANGE
Cash From Operating Activities 2.245M -380.0K 990.6K
Cash From Investing Activities -194.8K 400.0K -152.4K
Cash From Financing Activities -272.4K -320.0K -954.5K
Net Change In Cash 1.777M -300.0K -116.3K
YoY Change -1627.76% -528.57% -130.25%
FREE CASH FLOW
Cash From Operating Activities $2.245M -$380.0K $990.6K
Capital Expenditures $74.78K -$100.0K $152.4K
Free Cash Flow $2.170M -$280.0K $838.2K
YoY Change 158.87% -275.0% -13.15%

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0.538 pure
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53000 USD
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53000 USD
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323000 USD
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505000 USD
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2016-12-31
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2016
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Saker Aviation Services, Inc.
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0001128281
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No
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No
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Yes
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Smaller Reporting Company
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1486730 USD
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SKAS
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150000 USD
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0 USD
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150000 USD
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71650 USD
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6850 USD
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300000 USD
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14975789 USD
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16324916 USD
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928565 USD
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752992 USD
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0.03
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150000 USD
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1500 USD
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<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">Use of Estimates</font></u></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt; size: 8.5in 11.0in" align="justify"><font style="FONT-SIZE: 10pt">The preparation of consolidated financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts of assets and liabilities and 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 differ from those estimates. The Company&#8217;s significant estimates include depreciation, amortization, impairment of goodwill and intangibles, stock-based compensation, allowance for doubtful accounts and deferred tax assets.</font></div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
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P5Y
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5300000 shares
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345000 USD
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345000 USD
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112500 USD
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802500 USD
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250000 USD

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