2018 Q1 Form 10-Q Financial Statement
#000143774918009899 Filed on May 15, 2018
Income Statement
Concept | 2018 Q1 | 2017 Q1 |
---|---|---|
Revenue | $2.078M | $2.041M |
YoY Change | 1.82% | -31.27% |
Cost Of Revenue | $1.408M | $1.202M |
YoY Change | 17.16% | -5.02% |
Gross Profit | $670.4K | $839.4K |
YoY Change | -20.14% | -50.67% |
Gross Profit Margin | 32.25% | 41.12% |
Selling, General & Admin | $904.2K | $888.8K |
YoY Change | 1.74% | -33.11% |
% of Gross Profit | 134.88% | 105.88% |
Research & Development | ||
YoY Change | ||
% of Gross Profit | ||
Depreciation & Amortization | $140.0K | $130.0K |
YoY Change | 7.69% | 44.44% |
% of Gross Profit | 20.88% | 15.49% |
Operating Expenses | $904.2K | $888.8K |
YoY Change | 1.74% | -33.11% |
Operating Profit | -$233.8K | -$49.37K |
YoY Change | 373.67% | -113.23% |
Interest Expense | $3.799K | $5.412K |
YoY Change | -29.8% | -24.96% |
% of Operating Profit | ||
Other Income/Expense, Net | $10.27K | -$5.412K |
YoY Change | -289.73% | |
Pretax Income | -$223.6K | -$54.78K |
YoY Change | 308.13% | -114.97% |
Income Tax | $97.34K | |
% Of Pretax Income | ||
Net Earnings | -$223.6K | -$152.1K |
YoY Change | 46.97% | -180.06% |
Net Earnings / Revenue | -10.76% | -7.45% |
Basic Earnings Per Share | ||
Diluted Earnings Per Share | -$205.6K | -$135.1K |
COMMON SHARES | ||
Basic Shares Outstanding | 1.067M | 33.16M |
Diluted Shares Outstanding | 1.085M | 34.68M |
Balance Sheet
Concept | 2018 Q1 | 2017 Q1 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $2.080M | $1.500M |
YoY Change | 38.67% | 97.37% |
Cash & Equivalents | $2.082M | $1.500M |
Short-Term Investments | ||
Other Short-Term Assets | $350.0K | $400.0K |
YoY Change | -12.5% | 37.93% |
Inventory | $159.7K | $120.0K |
Prepaid Expenses | ||
Receivables | $591.3K | $1.550M |
Other Receivables | $1.120M | $270.0K |
Total Short-Term Assets | $4.306M | $3.830M |
YoY Change | 12.42% | 3.23% |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $548.2K | $950.0K |
YoY Change | -42.29% | -32.62% |
Goodwill | $750.0K | |
YoY Change | ||
Intangibles | ||
YoY Change | ||
Long-Term Investments | ||
YoY Change | ||
Other Assets | $490.0K | $410.0K |
YoY Change | 19.51% | 32.26% |
Total Long-Term Assets | $1.786M | $2.340M |
YoY Change | -23.69% | -5.65% |
TOTAL ASSETS | ||
Total Short-Term Assets | $4.306M | $3.830M |
Total Long-Term Assets | $1.786M | $2.340M |
Total Assets | $6.091M | $6.170M |
YoY Change | -1.27% | -0.32% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $377.3K | $380.0K |
YoY Change | -0.71% | -50.0% |
Accrued Expenses | $227.3K | $240.0K |
YoY Change | -5.28% | -29.41% |
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | $0.00 | $0.00 |
YoY Change | ||
Long-Term Debt Due | $150.0K | $350.0K |
YoY Change | -57.14% | 29.63% |
Total Short-Term Liabilities | $885.1K | $1.090M |
YoY Change | -18.8% | -26.85% |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $260.0K | $390.0K |
YoY Change | -33.33% | -33.9% |
Other Long-Term Liabilities | ||
YoY Change | ||
Total Long-Term Liabilities | $260.0K | $390.0K |
YoY Change | -33.33% | -33.9% |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $885.1K | $1.090M |
Total Long-Term Liabilities | $260.0K | $390.0K |
Total Liabilities | $1.145M | $1.480M |
YoY Change | -22.64% | -28.85% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | -$14.98M | |
YoY Change | ||
Common Stock | $19.92M | |
YoY Change | ||
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | ||
YoY Change | ||
Treasury Stock Shares | ||
Shareholders Equity | $4.946M | $4.690M |
YoY Change | ||
Total Liabilities & Shareholders Equity | $6.091M | $6.170M |
YoY Change | -1.27% | -0.32% |
Cashflow Statement
Concept | 2018 Q1 | 2017 Q1 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | -$223.6K | -$152.1K |
YoY Change | 46.97% | -180.06% |
Depreciation, Depletion And Amortization | $140.0K | $130.0K |
YoY Change | 7.69% | 44.44% |
Cash From Operating Activities | $436.4K | -$620.6K |
YoY Change | -170.31% | -247.76% |
INVESTING ACTIVITIES | ||
Capital Expenditures | $19.09K | $3.500K |
YoY Change | 445.54% | -57.19% |
Acquisitions | ||
YoY Change | ||
Other Investing Activities | ||
YoY Change | ||
Cash From Investing Activities | -$19.09K | $0.00 |
YoY Change | -100.0% | |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | $15.33K | $0.00 |
YoY Change | ||
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | -59.35K | -67.50K |
YoY Change | -12.07% | -3.57% |
NET CHANGE | ||
Cash From Operating Activities | 436.4K | -620.6K |
Cash From Investing Activities | -19.09K | 0.000 |
Cash From Financing Activities | -59.35K | -67.50K |
Net Change In Cash | 357.9K | -688.1K |
YoY Change | -152.01% | -302.38% |
FREE CASH FLOW | ||
Cash From Operating Activities | $436.4K | -$620.6K |
Capital Expenditures | $19.09K | $3.500K |
Free Cash Flow | $417.3K | -$624.1K |
YoY Change | -166.86% | -251.54% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2018Q1 | dei |
Entity Registrant Name
EntityRegistrantName
|
Saker Aviation Services, Inc. | |
CY2018Q1 | dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2018 | |
CY2018Q2 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
31978149 | |
CY2018Q1 | dei |
Amendment Flag
AmendmentFlag
|
false | |
CY2018Q1 | dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q1 | |
CY2018Q1 | dei |
Document Period End Date
DocumentPeriodEndDate
|
2018-03-31 | |
CY2018Q1 | dei |
Trading Symbol
TradingSymbol
|
skas | |
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Document Type
DocumentType
|
10-Q | |
CY2018Q1 | dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001128281 | |
CY2018Q1 | dei |
Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
|
No | |
CY2018Q1 | dei |
Entity Voluntary Filers
EntityVoluntaryFilers
|
No | |
CY2018Q1 | dei |
Entity Filer Category
EntityFilerCategory
|
Smaller Reporting Company | |
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Entity Current Reporting Status
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|
Yes | |
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Current Fiscal Year End Date
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|
--12-31 | |
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Environmental Remediation Agreed Percentage Of Reduction In Tenant Operated Tourist Flights
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|
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
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|
0.5 | |
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Incremental Common Shares Attributable To Options
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|
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|
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|
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|
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Property Plant And Equipment Net
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|
669957 | |
CY2018Q1 | us-gaap |
Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
|
44019 | |
CY2017Q1 | us-gaap |
Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
|
67500 | |
CY2018Q1 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-14975640 | |
CY2017Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-14752077 | |
CY2018Q1 | us-gaap |
Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
|
2078489 | |
CY2017Q1 | us-gaap |
Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
|
2041261 | |
CY2018Q1 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
904195 | |
CY2017Q1 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
888761 | |
CY2018Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
8500 | |
CY2017Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
8500 | |
CY2018Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
4946387 | |
CY2017Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
5176784 | |
CY2018Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
32542993 | |
CY2017Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
34684661 | |
CY2018Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
32018422 | |
CY2017Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
33157610 |