2018 Q2 Form 10-Q Financial Statement
#000143774918015494 Filed on August 14, 2018
Income Statement
Concept | 2018 Q2 | 2017 Q2 |
---|---|---|
Revenue | $2.877M | $3.184M |
YoY Change | -9.63% | -21.66% |
Cost Of Revenue | $1.484M | $1.352M |
YoY Change | 9.76% | -31.43% |
Gross Profit | $1.393M | $1.832M |
YoY Change | -23.94% | -12.46% |
Gross Profit Margin | 48.42% | 57.53% |
Selling, General & Admin | $1.192M | $1.497M |
YoY Change | -20.35% | -10.26% |
% of Gross Profit | 85.58% | 81.72% |
Research & Development | ||
YoY Change | ||
% of Gross Profit | ||
Depreciation & Amortization | $150.0K | $130.0K |
YoY Change | 15.38% | -13.33% |
% of Gross Profit | 10.77% | 7.1% |
Operating Expenses | $1.192M | $1.497M |
YoY Change | -20.35% | -10.26% |
Operating Profit | $201.0K | $334.8K |
YoY Change | -39.98% | -21.1% |
Interest Expense | $3.367K | $6.720K |
YoY Change | -49.9% | -14.38% |
% of Operating Profit | 1.68% | 2.01% |
Other Income/Expense, Net | $8.695K | -$16.72K |
YoY Change | -152.0% | 113.02% |
Pretax Income | $209.7K | $318.1K |
YoY Change | -34.09% | -23.63% |
Income Tax | $0.00 | $89.80K |
% Of Pretax Income | 0.0% | 28.23% |
Net Earnings | $209.7K | $228.3K |
YoY Change | -8.16% | 13.86% |
Net Earnings / Revenue | 7.29% | 7.17% |
Basic Earnings Per Share | ||
Diluted Earnings Per Share | $200.0K | $200.0K |
COMMON SHARES | ||
Basic Shares Outstanding | 1.043M | 33.37M |
Diluted Shares Outstanding | 1.055M | 34.56M |
Balance Sheet
Concept | 2018 Q2 | 2017 Q2 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $2.230M | $1.370M |
YoY Change | 62.77% | 2.24% |
Cash & Equivalents | $2.229M | $1.369M |
Short-Term Investments | ||
Other Short-Term Assets | $600.0K | $880.0K |
YoY Change | -31.82% | 183.87% |
Inventory | $152.3K | $136.7K |
Prepaid Expenses | ||
Receivables | $726.7K | $1.681M |
Other Receivables | $790.0K | $370.0K |
Total Short-Term Assets | $4.507M | $4.438M |
YoY Change | 1.55% | 13.21% |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $561.7K | $825.7K |
YoY Change | -31.98% | -34.98% |
Goodwill | $750.0K | $750.0K |
YoY Change | 0.0% | |
Intangibles | $0.00 | |
YoY Change | ||
Long-Term Investments | ||
YoY Change | ||
Other Assets | $470.0K | $400.0K |
YoY Change | 17.5% | 33.33% |
Total Long-Term Assets | $1.786M | $2.072M |
YoY Change | -13.81% | -11.07% |
TOTAL ASSETS | ||
Total Short-Term Assets | $4.507M | $4.438M |
Total Long-Term Assets | $1.786M | $2.072M |
Total Assets | $6.293M | $6.510M |
YoY Change | -3.34% | 4.16% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $395.6K | $522.4K |
YoY Change | -24.28% | -29.41% |
Accrued Expenses | $286.7K | $266.2K |
YoY Change | 7.71% | -4.94% |
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | $0.00 | $0.00 |
YoY Change | ||
Long-Term Debt Due | $160.0K | $350.0K |
YoY Change | -54.29% | 29.63% |
Total Short-Term Liabilities | $968.4K | $1.260M |
YoY Change | -23.17% | -10.61% |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $320.0K | $320.0K |
YoY Change | 0.0% | -38.46% |
Other Long-Term Liabilities | ||
YoY Change | ||
Total Long-Term Liabilities | $320.0K | $320.0K |
YoY Change | 0.0% | -38.46% |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $968.4K | $1.260M |
Total Long-Term Liabilities | $320.0K | $320.0K |
Total Liabilities | $1.289M | $1.583M |
YoY Change | -18.59% | -17.98% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | -$14.77M | -$15.15M |
YoY Change | -2.56% | -3.62% |
Common Stock | $19.77M | $20.08M |
YoY Change | -1.55% | 0.17% |
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | ||
YoY Change | ||
Treasury Stock Shares | ||
Shareholders Equity | $5.004M | $4.927M |
YoY Change | ||
Total Liabilities & Shareholders Equity | $6.293M | $6.510M |
YoY Change | -3.34% | 4.11% |
Cashflow Statement
Concept | 2018 Q2 | 2017 Q2 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | $209.7K | $228.3K |
YoY Change | -8.16% | 13.86% |
Depreciation, Depletion And Amortization | $150.0K | $130.0K |
YoY Change | 15.38% | -13.33% |
Cash From Operating Activities | $70.00K | -$80.00K |
YoY Change | -187.5% | -112.7% |
INVESTING ACTIVITIES | ||
Capital Expenditures | -$160.0K | -$10.00K |
YoY Change | 1500.0% | 0.0% |
Acquisitions | ||
YoY Change | ||
Other Investing Activities | $330.0K | $30.00K |
YoY Change | 1000.0% | 0.0% |
Cash From Investing Activities | $170.0K | $20.00K |
YoY Change | 750.0% | 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 | -90.00K | -70.00K |
YoY Change | 28.57% | 0.0% |
NET CHANGE | ||
Cash From Operating Activities | 70.00K | -80.00K |
Cash From Investing Activities | 170.0K | 20.00K |
Cash From Financing Activities | -90.00K | -70.00K |
Net Change In Cash | 150.0K | -130.0K |
YoY Change | -215.38% | -122.41% |
FREE CASH FLOW | ||
Cash From Operating Activities | $70.00K | -$80.00K |
Capital Expenditures | -$160.0K | -$10.00K |
Free Cash Flow | $230.0K | -$70.00K |
YoY Change | -428.57% | -110.94% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
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
|
|||
skas |
Gain Loss On Sale Of Charter Certificate
GainLossOnSaleOfCharterCertificate
|
-10000 | ||
skas |
Proceeds From Sale Of Charter Certificate
ProceedsFromSaleOfCharterCertificate
|
|||
skas |
Proceeds From Sale Of Charter Certificate
ProceedsFromSaleOfCharterCertificate
|
25000 | ||
CY2018Q2 | skas |
Working Capital
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|
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Accounts Payable Current
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395559 | |
CY2017Q4 | us-gaap |
Accounts Payable Current
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495194 | |
CY2018Q2 | us-gaap |
Accounts Receivable Net Current
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|
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CY2017Q4 | us-gaap |
Accounts Receivable Net Current
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|
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CY2018Q2 | us-gaap |
Accrued Liabilities Current
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|
286692 | |
CY2017Q4 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
292341 | |
CY2018Q2 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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|
3444541 | |
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Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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|
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Additional Paid In Capital Common Stock
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|
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Additional Paid In Capital Common Stock
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|
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Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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|
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Cash
Cash
|
1724504 | |
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Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
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Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
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Assets
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|
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CY2017Q4 | us-gaap |
Assets
Assets
|
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Assets Current
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|
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Assets Current
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Cash
Cash
|
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Cash And Cash Equivalents At Carrying Value
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Cash And Cash Equivalents At Carrying Value
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Cash And Cash Equivalents At Carrying Value
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Cash And Cash Equivalents Period Increase Decrease
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Cash And Cash Equivalents Period Increase Decrease
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Common Stock Par Or Stated Value Per Share
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|
0.001 | |
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Common Stock Par Or Stated Value Per Share
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|
0.001 | |
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Common Stock Shares Authorized
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|
100000000 | |
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Common Stock Shares Authorized
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|
100000000 | |
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Common Stock Shares Issued
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Common Stock Shares Issued
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Common Stock Shares Outstanding
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Common Stock Shares Outstanding
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Common Stock Value
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Cost Of Goods And Services Sold
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Deferred Tax Assets Liabilities Net Noncurrent
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Depreciation And Amortization
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|
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Fair Value Of Assets Acquired
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|
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Goodwill
Goodwill
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750000 | |
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Goodwill
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1393242 | |
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Gross Profit
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|
1831748 | |
us-gaap |
Gross Profit
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|
2063604 | ||
us-gaap |
Gross Profit
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|
2671143 | ||
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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|
-13912 | ||
CY2018Q2 | us-gaap |
Preferred Stock Shares Outstanding
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|
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|
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us-gaap |
Income Tax Expense Benefit
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|
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Increase Decrease In Accounts Receivable
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|
-361744 | ||
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Preferred Stock Shares Issued
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|
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Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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Increase Decrease In Accrued Liabilities
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Increase Decrease In Deposit Other Assets
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|
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us-gaap |
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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Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
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us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
72020 | ||
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
444068 | ||
CY2018Q2 | us-gaap |
Incremental Common Shares Attributable To Call Options And Warrants
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|
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CY2017Q2 | us-gaap |
Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
|
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us-gaap |
Incremental Common Shares Attributable To Call Options And Warrants
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|
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us-gaap |
Incremental Common Shares Attributable To Call Options And Warrants
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|
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Interest Expense
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|
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Interest Expense
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Interest Expense
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|
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Interest Paid Net
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Inventory Net
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Investment Income Interest
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Investment Income Interest
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|
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us-gaap |
Investment Income Interest
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|
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us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
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Liabilities
Liabilities
|
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Liabilities
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|
1371878 | |
CY2018Q2 | us-gaap |
Liabilities And Stockholders Equity
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|
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CY2017Q4 | us-gaap |
Liabilities And Stockholders Equity
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|
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CY2018Q2 | us-gaap |
Liabilities Current
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|
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CY2017Q4 | us-gaap |
Liabilities Current
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|
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CY2018Q2 | us-gaap |
Long Term Notes Payable
LongTermNotesPayable
|
320326 | |
CY2017Q4 | us-gaap |
Long Term Notes Payable
LongTermNotesPayable
|
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us-gaap |
Net Cash Provided By Used In Financing Activities
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|
-153687 | ||
us-gaap |
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Net Cash Provided By Used In Investing Activities
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Net Cash Provided By Used In Investing Activities
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us-gaap |
Net Cash Provided By Used In Operating Activities
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|
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us-gaap |
Net Cash Provided By Used In Operating Activities
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Net Income Loss
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|
-13912 | ||
us-gaap |
Net Income Loss
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|
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CY2018Q2 | us-gaap |
Net Income Loss
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|
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CY2017Q2 | us-gaap |
Net Income Loss
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|
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Nonoperating Income Expense
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|
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Nonoperating Income Expense
NonoperatingIncomeExpense
|
-16720 | |
us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
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us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-22132 | ||
CY2018Q2 | us-gaap |
Notes And Loans Receivable Net Current
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|
795264 | |
CY2017Q4 | us-gaap |
Notes And Loans Receivable Net Current
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|
370000 | |
CY2018Q2 | us-gaap |
Notes Payable Current
NotesPayableCurrent
|
159261 | |
CY2017Q4 | us-gaap |
Notes Payable Current
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|
345000 | |
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Operating Income Loss
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|
200958 | |
CY2017Q2 | us-gaap |
Operating Income Loss
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|
334806 | |
us-gaap |
Operating Income Loss
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|
-32875 | ||
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Operating Income Loss
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|
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CY2018Q2 | us-gaap |
Other Assets
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|
1224194 | |
CY2017Q4 | us-gaap |
Other Assets
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|
1250717 | |
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Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
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OtherNonoperatingIncomeExpense
|
-10000 | |
us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
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us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-10000 | ||
us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
175774 | ||
us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
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us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
177616 | ||
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
9271 | ||
CY2018Q2 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.001 | |
CY2017Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.001 | |
CY2018Q2 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
9999154 | |
CY2017Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
9999154 | |
CY2018Q2 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | |
CY2017Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
34559785 | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
32950798 | ||
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
34453928 | ||
CY2018Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
31294578 | |
CY2017Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
33370501 | |
CY2017Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | |
CY2018Q2 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
||
CY2017Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
||
CY2018Q2 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
603711 | |
CY2017Q4 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
531691 | |
us-gaap |
Proceeds From Notes Payable
ProceedsFromNotesPayable
|
135000 | ||
us-gaap |
Proceeds From Notes Payable
ProceedsFromNotesPayable
|
|||
us-gaap |
Proceeds From Sale Of Loans Receivable
ProceedsFromSaleOfLoansReceivable
|
325000 | ||
us-gaap |
Proceeds From Sale Of Loans Receivable
ProceedsFromSaleOfLoansReceivable
|
|||
CY2018Q2 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
561696 | |
CY2017Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
669957 | |
us-gaap |
Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
|
112913 | ||
us-gaap |
Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
|
135000 | ||
CY2018Q2 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-14765849 | |
CY2017Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-14752077 | |
us-gaap |
Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
|
4955908 | ||
CY2018Q2 | us-gaap |
Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
|
2877419 | |
CY2017Q2 | us-gaap |
Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
|
3183940 | |
us-gaap |
Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
|
5225201 | ||
CY2018Q2 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
1192284 | |
CY2017Q2 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
1496942 | |
us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
2096479 | ||
us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
2385703 | ||
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
16998 | ||
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
16998 | ||
CY2018Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
5004096 | |
CY2017Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
5176784 | |
CY2018Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
31650462 | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
32594914 | ||
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
33264644 |