2017 Q3 Form 10-Q Financial Statement
#000143774917019277 Filed on November 14, 2017
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% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
skas |
Concession Fees
ConcessionFees
|
1285000 | ||
skas |
Concession Fees
ConcessionFees
|
1900000 | ||
CY2015 | skas |
Environmental Remediation Agreed Percentage Of Reduction In Tenant Operated Tourist Flights
EnvironmentalRemediationAgreedPercentageOfReductionInTenantOperatedTouristFlights
|
0.2 | |
CY2015 | skas |
Environmental Remediation Agreed Percentage Of Reduction In Tenant Operated Tourist Flights By Year One
EnvironmentalRemediationAgreedPercentageOfReductionInTenantOperatedTouristFlightsByYearOne
|
0.4 | |
CY2015 | skas |
Environmental Remediation Agreed Percentage Of Reduction In Tenant Operated Tourist Flights By Year Two
EnvironmentalRemediationAgreedPercentageOfReductionInTenantOperatedTouristFlightsByYearTwo
|
0.5 | |
skas |
Gain Loss On Sale Of Charter Certificate
GainLossOnSaleOfCharterCertificate
|
-10000 | ||
skas |
Gain Loss On Sale Of Charter Certificate
GainLossOnSaleOfCharterCertificate
|
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CY2017Q3 | skas |
Incremental Common Shares Attributable To Options
IncrementalCommonSharesAttributableToOptions
|
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Incremental Common Shares Attributable To Options
IncrementalCommonSharesAttributableToOptions
|
148223 | |
skas |
Incremental Common Shares Attributable To Options
IncrementalCommonSharesAttributableToOptions
|
1096997 | ||
skas |
Incremental Common Shares Attributable To Options
IncrementalCommonSharesAttributableToOptions
|
148223 | ||
skas |
Proceeds From Sale Of Charter Certificate
ProceedsFromSaleOfCharterCertificate
|
25000 | ||
skas |
Proceeds From Sale Of Charter Certificate
ProceedsFromSaleOfCharterCertificate
|
|||
skas |
Sharebased Compensation Stock Options Unamortized Fair Value
SharebasedCompensationStockOptionsUnamortizedFairValue
|
7500 | ||
CY2017Q3 | skas |
Working Capital
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|
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CY2017Q3 | us-gaap |
Accounts Payable Current
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|
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|
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Accrued Liabilities Current
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|
293843 | |
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Accrued Liabilities Current
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Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
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|
1374811 | ||
us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
1900000 | ||
CY2017Q3 | us-gaap |
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Assets
|
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CY2016Q4 | us-gaap |
Assets
Assets
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Cash
|
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Gross Profit
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Increase Decrease In Accrued Liabilities
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|
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Increase Decrease In Customer Deposits
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|
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us-gaap |
Increase Decrease In Customer Deposits
IncreaseDecreaseInCustomerDeposits
|
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us-gaap |
Increase Decrease In Deposit Other Assets
IncreaseDecreaseInDepositOtherAssets
|
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Increase Decrease In Deposit Other Assets
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|
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Increase Decrease In Inventories
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|
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us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
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us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
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|
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us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
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Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
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Intangible Assets Net Excluding Goodwill
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|
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Interest Expense
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|
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|
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Liabilities And Stockholders Equity
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|
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|
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|
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Long Term Notes Payable
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|
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|
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Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
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|
70781 | ||
CY2017Q3 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
||
CY2016Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
||
CY2017Q3 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
486132 | |
CY2016Q4 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
311014 | |
us-gaap |
Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
|
<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;">’s net (loss) income in any period.</div></div></div></div></div> | ||
CY2017Q3 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
761757 | |
CY2016Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
1074397 | |
us-gaap |
Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
|
277500 | ||
us-gaap |
Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
|
204874 | ||
CY2017Q3 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-14921474 | |
CY2016Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-15229705 | |
us-gaap |
Sales Revenue Net
SalesRevenueNet
|
8743913 | ||
CY2017Q3 | us-gaap |
Sales Revenue Net
SalesRevenueNet
|
3518712 | |
CY2016Q3 | us-gaap |
Sales Revenue Net
SalesRevenueNet
|
3840800 | |
us-gaap |
Sales Revenue Net
SalesRevenueNet
|
10872366 | ||
CY2017Q3 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
1533689 | |
CY2016Q3 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
1747290 | |
us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
3919392 | ||
us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
4744077 | ||
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
25496 | ||
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
25496 | ||
CY2017Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
5167605 | |
CY2016Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
4833877 | |
CY2017Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
34493889 | |
CY2016Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
33305833 | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
34415005 | ||
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
33305833 | ||
CY2017Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
33396892 | |
CY2016Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
33157610 | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
33318008 | ||
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
33157610 |