$SKAS
Saker Aviation Services, Inc.

2016 Q1 Form 10-Q Financial Statement

#000114420417026940 Filed on May 12, 2017

View on sec.gov

Income Statement

Concept 2016 Q1
Revenue $2.970M
YoY Change 9.59%
Cost Of Revenue $1.265M
YoY Change -15.29%
Gross Profit $1.702M
YoY Change 39.89%
Gross Profit Margin 57.3%
Selling, General & Admin $1.329M
YoY Change -0.75%
% of Gross Profit 78.08%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $90.00K
YoY Change -40.0%
% of Gross Profit 5.29%
Operating Expenses $1.329M
YoY Change -0.75%
Operating Profit $373.1K
YoY Change -405.06%
Interest Expense $7.212K
YoY Change -48.51%
% of Operating Profit 1.93%
Other Income/Expense, Net $0.00
YoY Change -100.0%
Pretax Income $365.9K
YoY Change -367.85%
Income Tax $179.5K
% Of Pretax Income 49.06%
Net Earnings $190.0K
YoY Change -239.1%
Net Earnings / Revenue 6.4%
Basic Earnings Per Share
Diluted Earnings Per Share $171.2K
COMMON SHARES
Basic Shares Outstanding 33.16M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2016 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $760.0K
YoY Change 65.22%
Cash & Equivalents $756.4K
Short-Term Investments
Other Short-Term Assets $290.0K
YoY Change 0.0%
Inventory $60.00K
Prepaid Expenses
Receivables $2.300M
Other Receivables $300.0K
Total Short-Term Assets $3.710M
YoY Change 49.05%
LONG-TERM ASSETS
Property, Plant & Equipment $1.410M
YoY Change -27.96%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $310.0K
YoY Change -42.59%
Total Long-Term Assets $2.480M
YoY Change -21.54%
TOTAL ASSETS
Total Short-Term Assets $3.710M
Total Long-Term Assets $2.480M
Total Assets $6.190M
YoY Change 9.56%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $760.0K
YoY Change 55.1%
Accrued Expenses $340.0K
YoY Change 78.95%
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change -100.0%
Long-Term Debt Due $270.0K
YoY Change -27.03%
Total Short-Term Liabilities $1.490M
YoY Change -13.87%
LONG-TERM LIABILITIES
Long-Term Debt $590.0K
YoY Change -31.4%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $590.0K
YoY Change -31.4%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.490M
Total Long-Term Liabilities $590.0K
Total Liabilities $2.080M
YoY Change -19.69%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $4.110M
YoY Change
Total Liabilities & Shareholders Equity $6.190M
YoY Change 9.56%

Cashflow Statement

Concept 2016 Q1
OPERATING ACTIVITIES
Net Income $190.0K
YoY Change -239.1%
Depreciation, Depletion And Amortization $90.00K
YoY Change -40.0%
Cash From Operating Activities $420.0K
YoY Change 950.0%
INVESTING ACTIVITIES
Capital Expenditures $8.175K
YoY Change -42.62%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$10.00K
YoY Change 0.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -70.00K
YoY Change -22.22%
NET CHANGE
Cash From Operating Activities 420.0K
Cash From Investing Activities -10.00K
Cash From Financing Activities -70.00K
Net Change In Cash 340.0K
YoY Change -666.67%
FREE CASH FLOW
Cash From Operating Activities $420.0K
Capital Expenditures $8.175K
Free Cash Flow $411.8K
YoY Change 1499.2%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2016Q1 us-gaap Interest Expense
InterestExpense
7212 USD
CY2016Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
365866 USD
CY2017Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-49366 USD
CY2016Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
373078 USD
CY2016Q1 us-gaap Gross Profit
GrossProfit
1701690 USD
CY2017Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
888761 USD
CY2016Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
1328612 USD
CY2016Q1 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
1265390 USD
CY2017Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-54778 USD
CY2016Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
179500 USD
CY2017Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
97341 USD
CY2017Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
4708 USD
CY2017Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
128047 USD
CY2016Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
93672 USD
CY2017Q1 us-gaap Share Based Compensation
ShareBasedCompensation
8500 USD
CY2016Q1 us-gaap Share Based Compensation
ShareBasedCompensation
8500 USD
CY2017Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
71566 USD
CY2016Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-224203 USD
CY2016Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-3064 USD
CY2017Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-41447 USD
CY2016Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-65305 USD
CY2016Q1 us-gaap Increase Decrease In Deposit Other Assets
IncreaseDecreaseInDepositOtherAssets
-13340 USD
CY2017Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-463231 USD
CY2016Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
74370 USD
CY2017Q1 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-125833 USD
CY2016Q1 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-250233 USD
CY2017Q1 us-gaap Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
-468469 USD
CY2016Q1 us-gaap Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
232221 USD
CY2017Q1 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
-620588 USD
CY2016Q1 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
418587 USD
CY2016Q1 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-68675 USD
CY2017Q1 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-691588 USD
CY2016Q1 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
341737 USD
CY2016Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
2192057 USD
CY2015Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
414661 USD
CY2017Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1500469 USD
CY2016Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
756398 USD
CY2017Q1 us-gaap Income Taxes Paid
IncomeTaxesPaid
129093 USD
CY2016Q1 us-gaap Income Taxes Paid
IncomeTaxesPaid
365894 USD
CY2017Q1 us-gaap Interest Paid
InterestPaid
5412 USD
CY2016Q1 us-gaap Interest Paid
InterestPaid
7212 USD
CY2017Q1 us-gaap Increase Decrease In Deposit Other Assets
IncreaseDecreaseInDepositOtherAssets
-18875 USD
CY2017Q1 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
67500 USD
CY2016Q1 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
68675 USD
CY2017Q1 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-67500 USD
CY2017Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
3500 USD
CY2016Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
8175 USD
CY2017Q1 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-3500 USD
CY2016Q1 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-8175 USD
CY2017Q1 skas Working Capital
WorkingCapital
2735906 USD
CY2016 skas Environmental Remediation Agreed Percentage Of Reduction In Tenant Operated Tourist Flights By Year Two
EnvironmentalRemediationAgreedPercentageOfReductionInTenantOperatedTouristFlightsByYearTwo
0.5 pure
CY2016 skas Environmental Remediation Agreed Percentage Of Reduction In Tenant Operated Tourist Flights By Year One
EnvironmentalRemediationAgreedPercentageOfReductionInTenantOperatedTouristFlightsByYearOne
0.4 pure
CY2016 skas Environmental Remediation Agreed Percentage Of Reduction In Tenant Operated Tourist Flights
EnvironmentalRemediationAgreedPercentageOfReductionInTenantOperatedTouristFlights
0.2 pure
CY2017Q1 skas Incremental Common Shares Attributable To Options
IncrementalCommonSharesAttributableToOptions
1527051 shares
CY2016Q1 skas Incremental Common Shares Attributable To Options
IncrementalCommonSharesAttributableToOptions
137969 shares
CY2017Q1 skas Share Based Compensation Stock Options Unamortized Fair Value
ShareBasedCompensationStockOptionsUnamortizedFairValue
17000 USD
CY2016Q1 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
3071915 USD
CY2016Q1 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
211082 USD
CY2016Q4 us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
150000 USD
CY2016Q4 skas Business Acquisitions Cost Of Acquired Entity Future Cash Payment
BusinessAcquisitionsCostOfAcquiredEntityFutureCashPayment
150000 USD
CY2017Q1 dei Document Type
DocumentType
10-Q
CY2017Q1 dei Amendment Flag
AmendmentFlag
false
CY2017Q1 dei Document Period End Date
DocumentPeriodEndDate
2017-03-31
CY2017Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2017
CY2017Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2017Q1 dei Entity Registrant Name
EntityRegistrantName
Saker Aviation Services, Inc.
CY2017Q1 dei Entity Central Index Key
EntityCentralIndexKey
0001128281
CY2017Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2017Q1 dei Entity Filer Category
EntityFilerCategory
Smaller Reporting Company
CY2017Q1 dei Trading Symbol
TradingSymbol
SKAS
CY2017Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
33422995 shares
CY2017Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
2750113 USD
CY2016Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
2622066 USD
CY2016Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2017Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2016Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
9999154 shares
CY2017Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
9999154 shares
CY2016Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2016Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2017Q1 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2017Q1 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2016Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2017Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2016Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000 shares
CY2017Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000 shares
CY2016Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
33157610 shares
CY2017Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
33157610 shares
CY2016Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
33157610 shares
CY2017Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
33157610 shares
CY2017Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.00
CY2016Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.01
CY2017Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1900000 shares

Files In Submission

Name View Source Status
0001144204-17-026940-index-headers.html Edgar Link pending
0001144204-17-026940-index.html Edgar Link pending
0001144204-17-026940.txt Edgar Link pending
0001144204-17-026940-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
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
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-20170331.xml Edgar Link completed
skas-20170331.xsd Edgar Link pending
skas-20170331_cal.xml Edgar Link unprocessable
skas-20170331_def.xml Edgar Link unprocessable
skas-20170331_lab.xml Edgar Link unprocessable
skas-20170331_pre.xml Edgar Link unprocessable
v466498_10q.htm Edgar Link pending
v466498_ex31-1.htm Edgar Link pending
v466498_ex31-2.htm Edgar Link pending
v466498_ex32-1.htm Edgar Link pending