2018 Q2 Form 10-Q Financial Statement

#000143774918015494 Filed on August 14, 2018

View on sec.gov

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%

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