$SKAS
Saker Aviation Services, Inc.

2020 Q3 Form 10-Q Financial Statement

#000143774920023990 Filed on November 16, 2020

View on sec.gov

Income Statement

Concept 2020 Q3 2019 Q4 2019 Q3
Revenue $720.8K $2.949M $3.384M
YoY Change -78.7% 2.32% 3.14%
Cost Of Revenue $421.7K $1.452M $1.680M
YoY Change -74.9% -1.59% -1.09%
Gross Profit $299.1K $1.497M $1.704M
YoY Change -82.44% 6.42% 7.69%
Gross Profit Margin 41.5% 50.75% 50.35%
Selling, General & Admin $807.5K $1.268M $1.285M
YoY Change -37.14% 5.91% 1.48%
% of Gross Profit 269.96% 84.74% 75.4%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $32.87K $43.69K $32.40K
YoY Change 1.45% -32.18% -72.46%
% of Gross Profit 10.99% 2.92% 1.9%
Operating Expenses $807.5K $1.268M $1.285M
YoY Change -37.14% 5.91% 1.48%
Operating Profit -$508.4K $228.4K $419.1K
YoY Change -221.32% 9.35% 32.52%
Interest Expense $5.939K $4.320K $1.427K
YoY Change 316.19% -226.32% -77.06%
% of Operating Profit 1.89% 0.34%
Other Income/Expense, Net -$2.256K $5.381K
YoY Change -141.93% 1420.06%
Pretax Income -$510.6K $232.7K $424.4K
YoY Change -220.31% 13.02% 34.08%
Income Tax -$517.0K $121.5K $146.6K
% Of Pretax Income 52.2% 34.53%
Net Earnings $6.364K $111.2K $277.9K
YoY Change -97.71% -0.09% 29.78%
Net Earnings / Revenue 0.88% 3.77% 8.21%
Basic Earnings Per Share $0.01 $0.28
Diluted Earnings Per Share $0.01 $109.3K $0.27
COMMON SHARES
Basic Shares Outstanding 1.024M 1.013M 1.007M
Diluted Shares Outstanding 1.035M 1.023M

Balance Sheet

Concept 2020 Q3 2019 Q4 2019 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.368M $3.597M $3.502M
YoY Change -32.36% 26.73% 25.78%
Cash & Equivalents $2.368M $3.597M $3.502M
Short-Term Investments
Other Short-Term Assets $691.0K $564.6K $163.5K
YoY Change 322.66% -0.32% -68.28%
Inventory $180.3K $181.2K $205.0K
Prepaid Expenses $294.6K
Receivables $501.6K $678.0K $719.8K
Other Receivables $188.8K $188.8K $458.8K
Total Short-Term Assets $3.930M $5.210M $5.049M
YoY Change -22.15% 11.0% 7.56%
LONG-TERM ASSETS
Property, Plant & Equipment $269.7K $323.3K $344.6K
YoY Change -21.75% -16.69% -22.02%
Goodwill $750.0K $750.0K $750.0K
YoY Change 0.0% 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $478.5K $478.5K $509.5K
YoY Change -6.08% -6.08% 10.54%
Total Long-Term Assets $1.954M $2.047M $2.113M
YoY Change -7.54% 24.25% 27.82%
TOTAL ASSETS
Total Short-Term Assets $3.930M $5.210M $5.049M
Total Long-Term Assets $1.954M $2.047M $2.113M
Total Assets $5.884M $7.257M $7.161M
YoY Change -17.84% 14.45% 12.84%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $100.7K $397.3K $373.7K
YoY Change -73.06% 14.08% -2.65%
Accrued Expenses $143.3K $319.6K $259.1K
YoY Change -44.72% 10.72% -10.87%
Deferred Revenue $131.0K $130.4K $129.9K
YoY Change 0.86% 2.8%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00
YoY Change
Total Short-Term Liabilities $417.6K $1.281M $1.323M
YoY Change -68.43% 55.98% 45.11%
LONG-TERM LIABILITIES
Long-Term Debt $304.8K $0.00
YoY Change -100.0%
Other Long-Term Liabilities $384.3K $399.7K $410.0K
YoY Change -6.28%
Total Long-Term Liabilities $304.8K $0.00 $410.0K
YoY Change -25.65% -100.0% 97.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $417.6K $1.281M $1.323M
Total Long-Term Liabilities $304.8K $0.00 $410.0K
Total Liabilities $1.107M $1.681M $1.733M
YoY Change -36.14% 68.97% 54.76%
SHAREHOLDERS EQUITY
Retained Earnings -$15.13M -$14.27M -$14.38M
YoY Change 5.17% -1.16% -1.15%
Common Stock $19.91M $19.85M $19.81M
YoY Change 0.47% 0.31% 0.17%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $4.777M $5.576M $5.428M
YoY Change
Total Liabilities & Shareholders Equity $5.884M $7.257M $7.161M
YoY Change -17.84% 14.45% 12.84%

Cashflow Statement

Concept 2020 Q3 2019 Q4 2019 Q3
OPERATING ACTIVITIES
Net Income $6.364K $111.2K $277.9K
YoY Change -97.71% -0.09% 29.78%
Depreciation, Depletion And Amortization $32.87K $43.69K $32.40K
YoY Change 1.45% -32.18% -72.46%
Cash From Operating Activities -$416.4K $241.6K $521.4K
YoY Change -179.86% 135.93% 113.83%
INVESTING ACTIVITIES
Capital Expenditures $0.00 -$5.730K -$106.6K
YoY Change -100.0% -45.43% -33412.5%
Acquisitions
YoY Change
Other Investing Activities $0.00 $54.60K
YoY Change -116.55%
Cash From Investing Activities $0.00 -$5.730K -$52.00K
YoY Change -100.0% -114.41% -111.06%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 166.5K -139.9K -9.790K
YoY Change -1801.02% 60.29% -94.06%
NET CHANGE
Cash From Operating Activities -416.4K 241.6K 521.4K
Cash From Investing Activities 0.000 -5.730K -52.00K
Cash From Financing Activities 166.5K -139.9K -9.790K
Net Change In Cash -249.9K 95.96K 459.6K
YoY Change -154.36% 74.89% -16.32%
FREE CASH FLOW
Cash From Operating Activities -$416.4K $241.6K $521.4K
Capital Expenditures $0.00 -$5.730K -$106.6K
Free Cash Flow -$416.4K $247.4K $628.0K
YoY Change -166.3% 119.07% 157.88%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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dei Entity Central Index Key
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dei Entity Filer Category
EntityFilerCategory
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EntityInteractiveDataCurrent
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dei Entity Registrant Name
EntityRegistrantName
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dei Entity Small Business
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OtherNonoperatingIncomeExpense
-271751
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
14770
us-gaap Payments Of Dividends
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383909
us-gaap Payments Of Dividends
PaymentsOfDividends
us-gaap Payments To Acquire Property Plant And Equipment
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4912
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
168857
CY2020Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.03
CY2019Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.03
CY2020Q3 us-gaap Preferred Stock Shares Authorized
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333306
CY2019Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
333306
CY2019Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
333306
CY2020Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2019Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2020Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2019Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2020Q3 us-gaap Preferred Stock Value
PreferredStockValue
CY2019Q4 us-gaap Preferred Stock Value
PreferredStockValue
CY2020Q3 us-gaap Prepaid Expense And Other Assets Current
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690995
CY2019Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
294644
us-gaap Proceeds From Notes Payable
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304833
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
us-gaap Proceeds From Sale Of Loans Receivable
ProceedsFromSaleOfLoansReceivable
us-gaap Proceeds From Sale Of Loans Receivable
ProceedsFromSaleOfLoansReceivable
87208
CY2020Q3 us-gaap Property Plant And Equipment Net
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269678
CY2019Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
323316
us-gaap Repayments Of Lines Of Credit
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us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
112117
CY2020Q3 us-gaap Retained Earnings Accumulated Deficit
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-15128147
CY2019Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-14272897
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
2833174
CY2020Q3 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
720787
CY2019Q3 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
3383514
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
8618883
CY2020Q3 us-gaap Selling General And Administrative Expense
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807505
CY2019Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
1284521
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
1876207
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
3400967
us-gaap Share Based Compensation
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55989
us-gaap Share Based Compensation
ShareBasedCompensation
25498
CY2020Q3 us-gaap Stockholders Equity
StockholdersEquity
4777083
CY2019Q4 us-gaap Stockholders Equity
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5576344
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
5346501
CY2019Q1 us-gaap Stockholders Equity
StockholdersEquity
5407337
CY2019Q2 us-gaap Stockholders Equity
StockholdersEquity
5642024
CY2019Q3 us-gaap Stockholders Equity
StockholdersEquity
5428406
CY2020Q1 us-gaap Stockholders Equity
StockholdersEquity
5498855
CY2020Q2 us-gaap Stockholders Equity
StockholdersEquity
4762589
CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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1034643
CY2019Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1023118
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1033755
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1023118
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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1024467
CY2019Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1007293
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1023579
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1007293

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