2017 Q3 Form 10-Q Financial Statement

#000143774917019277 Filed on November 14, 2017

View on sec.gov

Income Statement

Concept 2017 Q3 2016 Q3
Revenue $3.519M $3.841M
YoY Change -8.39% -18.8%
Cost Of Revenue $1.521M $1.521M
YoY Change -0.02% -32.55%
Gross Profit $1.998M $2.320M
YoY Change -13.87% -6.27%
Gross Profit Margin 56.78% 60.39%
Selling, General & Admin $1.534M $1.747M
YoY Change -12.22% -4.68%
% of Gross Profit 76.77% 75.33%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $140.0K $130.0K
YoY Change 7.69% -61.76%
% of Gross Profit 7.01% 5.6%
Operating Expenses $1.534M $1.747M
YoY Change -12.22% -4.68%
Operating Profit $464.1K $572.3K
YoY Change -18.91% -10.8%
Interest Expense $4.959K $6.445K
YoY Change -23.06% 40.72%
% of Operating Profit 1.07% 1.13%
Other Income/Expense, Net -$4.959K -$6.445K
YoY Change -23.06% 40.72%
Pretax Income $459.2K $565.9K
YoY Change -18.86% -11.17%
Income Tax $227.1K $285.5K
% Of Pretax Income 49.46% 50.45%
Net Earnings $232.1K $280.4K
YoY Change -17.23% 167.72%
Net Earnings / Revenue 6.6% 7.3%
Basic Earnings Per Share
Diluted Earnings Per Share $200.0K $252.3K
COMMON SHARES
Basic Shares Outstanding 33.40M 33.16M
Diluted Shares Outstanding 34.49M 33.31M

Balance Sheet

Concept 2017 Q3 2016 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.100M $2.080M
YoY Change 0.96% 188.89%
Cash & Equivalents $2.096M $2.211M
Short-Term Investments
Other Short-Term Assets $490.0K $610.0K
YoY Change -19.67% -46.02%
Inventory $162.5K $80.00K
Prepaid Expenses
Receivables $1.685M $1.590M
Other Receivables $370.0K $270.0K
Total Short-Term Assets $4.800M $4.630M
YoY Change 3.66% -3.54%
LONG-TERM ASSETS
Property, Plant & Equipment $761.8K $1.200M
YoY Change -36.52% -25.47%
Goodwill $750.0K
YoY Change
Intangibles $0.00
YoY Change
Long-Term Investments
YoY Change
Other Assets $380.0K $280.0K
YoY Change 35.71% -40.43%
Total Long-Term Assets $1.895M $2.240M
YoY Change -15.41% -21.4%
TOTAL ASSETS
Total Short-Term Assets $4.800M $4.630M
Total Long-Term Assets $1.895M $2.240M
Total Assets $6.694M $6.870M
YoY Change -2.56% -10.2%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $581.0K $1.090M
YoY Change -46.7% -19.85%
Accrued Expenses $293.8K $325.8K
YoY Change -9.82% -74.99%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due $350.0K $270.0K
YoY Change 29.63% -18.18%
Total Short-Term Liabilities $1.347M $1.812M
YoY Change -25.69% -45.35%
LONG-TERM LIABILITIES
Long-Term Debt $180.0K $450.0K
YoY Change -60.0% -37.5%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $180.0K $450.0K
YoY Change -60.0% -37.5%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.347M $1.812M
Total Long-Term Liabilities $180.0K $450.0K
Total Liabilities $1.527M $2.260M
YoY Change -32.45% -44.0%
SHAREHOLDERS EQUITY
Retained Earnings -$14.92M -$15.44M
YoY Change -3.38% -5.89%
Common Stock $20.09M $20.06M
YoY Change 0.17% 0.17%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $5.168M $4.612M
YoY Change
Total Liabilities & Shareholders Equity $6.694M $6.874M
YoY Change -2.62% -10.11%

Cashflow Statement

Concept 2017 Q3 2016 Q3
OPERATING ACTIVITIES
Net Income $232.1K $280.4K
YoY Change -17.23% 167.72%
Depreciation, Depletion And Amortization $140.0K $130.0K
YoY Change 7.69% -61.76%
Cash From Operating Activities $710.0K $990.0K
YoY Change -28.28% -18.85%
INVESTING ACTIVITIES
Capital Expenditures -$70.00K -$50.00K
YoY Change 40.0% -266.67%
Acquisitions
YoY Change
Other Investing Activities $100.0K $0.00
YoY Change -100.0%
Cash From Investing Activities $20.00K -$50.00K
YoY Change -140.0% -87.18%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -140.0K -60.00K
YoY Change 133.33% -86.36%
NET CHANGE
Cash From Operating Activities 710.0K 990.0K
Cash From Investing Activities 20.00K -50.00K
Cash From Financing Activities -140.0K -60.00K
Net Change In Cash 590.0K 880.0K
YoY Change -32.95% 125.64%
FREE CASH FLOW
Cash From Operating Activities $710.0K $990.0K
Capital Expenditures -$70.00K -$50.00K
Free Cash Flow $780.0K $1.040M
YoY Change -25.0% -12.61%

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<div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style=" font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;"><div style="display: inline; text-decoration: underline;">Reclassifications</div></div> <div style=" font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">Certain reclassifications were made to prior year amounts to conform to the current year presentation. <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">None</div> of the reclassifications affected the Company<div style="display: inline; font-family:Times New Roman, Times, serif;font-size:10pt;">&#x2019;s net (loss) income in any period.</div></div></div></div></div>
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