2019 Q2 Form 10-Q Financial Statement

#000143774919016786 Filed on August 14, 2019

View on sec.gov

Income Statement

Concept 2019 Q2 2018 Q2
Revenue $3.163M $2.877M
YoY Change 9.91% -9.63%
Cost Of Revenue $1.536M $1.484M
YoY Change 3.46% 9.76%
Gross Profit $1.627M $1.393M
YoY Change 16.78% -23.94%
Gross Profit Margin 51.45% 48.42%
Selling, General & Admin $1.284M $1.192M
YoY Change 7.73% -20.35%
% of Gross Profit 78.95% 85.58%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $26.35K $150.0K
YoY Change -82.43% 15.38%
% of Gross Profit 1.62% 10.77%
Operating Expenses $1.284M $1.192M
YoY Change 7.73% -20.35%
Operating Profit $342.6K $201.0K
YoY Change 70.46% -39.98%
Interest Expense $2.595K $3.367K
YoY Change -22.93% -49.9%
% of Operating Profit 0.76% 1.68%
Other Income/Expense, Net $3.632K $8.695K
YoY Change -58.23% -152.0%
Pretax Income $346.2K $209.7K
YoY Change 65.12% -34.09%
Income Tax $120.0K $0.00
% Of Pretax Income 34.66% 0.0%
Net Earnings $226.2K $209.7K
YoY Change 7.89% -8.16%
Net Earnings / Revenue 7.15% 7.29%
Basic Earnings Per Share $0.22
Diluted Earnings Per Share $0.22 $200.0K
COMMON SHARES
Basic Shares Outstanding 1.007M 1.043M
Diluted Shares Outstanding 1.017M 1.055M

Balance Sheet

Concept 2019 Q2 2018 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.042M $2.230M
YoY Change 36.41% 62.77%
Cash & Equivalents $3.042M $2.229M
Short-Term Investments
Other Short-Term Assets $362.1K $600.0K
YoY Change -39.66% -31.82%
Inventory $193.7K $152.3K
Prepaid Expenses
Receivables $751.1K $726.7K
Other Receivables $513.4K $790.0K
Total Short-Term Assets $4.862M $4.507M
YoY Change 7.88% 1.55%
LONG-TERM ASSETS
Property, Plant & Equipment $257.3K $561.7K
YoY Change -54.2% -31.98%
Goodwill $750.0K $750.0K
YoY Change 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $509.5K $470.0K
YoY Change 8.41% 17.5%
Total Long-Term Assets $2.039M $1.786M
YoY Change 14.15% -13.81%
TOTAL ASSETS
Total Short-Term Assets $4.862M $4.507M
Total Long-Term Assets $2.039M $1.786M
Total Assets $6.901M $6.293M
YoY Change 9.66% -3.34%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $372.9K $395.6K
YoY Change -5.72% -24.28%
Accrued Expenses $276.4K $286.7K
YoY Change -3.6% 7.71%
Deferred Revenue $129.3K
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $160.0K
YoY Change -100.0% -54.29%
Total Short-Term Liabilities $838.6K $968.4K
YoY Change -13.4% -23.17%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $320.0K
YoY Change -100.0% 0.0%
Other Long-Term Liabilities $420.1K
YoY Change
Total Long-Term Liabilities $420.1K $320.0K
YoY Change 31.29% 0.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $838.6K $968.4K
Total Long-Term Liabilities $420.1K $320.0K
Total Liabilities $1.259M $1.289M
YoY Change -2.33% -18.59%
SHAREHOLDERS EQUITY
Retained Earnings -$14.16M -$14.77M
YoY Change -4.09% -2.56%
Common Stock $19.80M $19.77M
YoY Change 0.17% -1.55%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $5.642M $5.004M
YoY Change
Total Liabilities & Shareholders Equity $6.901M $6.293M
YoY Change 9.66% -3.34%

Cashflow Statement

Concept 2019 Q2 2018 Q2
OPERATING ACTIVITIES
Net Income $226.2K $209.7K
YoY Change 7.89% -8.16%
Depreciation, Depletion And Amortization $26.35K $150.0K
YoY Change -82.43% 15.38%
Cash From Operating Activities $117.8K $70.00K
YoY Change 68.24% -187.5%
INVESTING ACTIVITIES
Capital Expenditures -$20.13K -$160.0K
YoY Change -87.42% 1500.0%
Acquisitions
YoY Change
Other Investing Activities $32.61K $330.0K
YoY Change -90.12% 1000.0%
Cash From Investing Activities $12.48K $170.0K
YoY Change -92.66% 750.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -39.54K -90.00K
YoY Change -56.07% 28.57%
NET CHANGE
Cash From Operating Activities 117.8K 70.00K
Cash From Investing Activities 12.48K 170.0K
Cash From Financing Activities -39.54K -90.00K
Net Change In Cash 90.71K 150.0K
YoY Change -39.53% -215.38%
FREE CASH FLOW
Cash From Operating Activities $117.8K $70.00K
Capital Expenditures -$20.13K -$160.0K
Free Cash Flow $137.9K $230.0K
YoY Change -40.04% -428.57%

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