$SKAS
Saker Aviation Services, Inc.

2021 Q2 Form 10-Q Financial Statement

#000143774921019870 Filed on August 13, 2021

View on sec.gov

Income Statement

Concept 2021 Q2 2020 Q2
Revenue $1.179M $438.6K
YoY Change 168.8% -86.13%
Cost Of Revenue $495.7K $543.6K
YoY Change -8.82% -64.6%
Gross Profit $683.4K -$105.0K
YoY Change -751.05% -106.45%
Gross Profit Margin 57.96% -23.93%
Selling, General & Admin $404.8K $375.1K
YoY Change 7.9% -70.8%
% of Gross Profit 59.23%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $27.84K $32.86K
YoY Change -15.28% 24.71%
% of Gross Profit 4.07%
Operating Expenses $404.8K $375.1K
YoY Change 7.9% -70.8%
Operating Profit $278.6K -$480.1K
YoY Change -158.04% -240.15%
Interest Expense $6.302K $11.06K
YoY Change -43.01% 326.17%
% of Operating Profit 2.26%
Other Income/Expense, Net -$298.5K -$274.8K
YoY Change 8.62% -7667.24%
Pretax Income $577.2K -$754.9K
YoY Change -176.45% -318.07%
Income Tax $0.00 $0.00
% Of Pretax Income 0.0%
Net Earnings $577.2K -$754.9K
YoY Change -176.45% -433.76%
Net Earnings / Revenue 48.95% -172.11%
Basic Earnings Per Share $0.56 -$0.74
Diluted Earnings Per Share $0.56 -$0.73
COMMON SHARES
Basic Shares Outstanding 1.029M 1.023M
Diluted Shares Outstanding 1.031M 1.036M

Balance Sheet

Concept 2021 Q2 2020 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.789M $2.618M
YoY Change -31.68% -13.92%
Cash & Equivalents $1.789M $2.618M
Short-Term Investments
Other Short-Term Assets $187.8K $482.5K
YoY Change -61.08% 33.27%
Inventory $183.2K $135.5K
Prepaid Expenses $187.8K
Receivables $276.1K $378.6K
Other Receivables $1.200M $188.8K
Total Short-Term Assets $3.636M $3.804M
YoY Change -4.4% -21.77%
LONG-TERM ASSETS
Property, Plant & Equipment $303.1K $289.2K
YoY Change 4.81% 12.42%
Goodwill $750.0K $750.0K
YoY Change 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $0.00 $478.5K
YoY Change -100.0% -6.08%
Total Long-Term Assets $1.479M $1.986M
YoY Change -25.52% -2.56%
TOTAL ASSETS
Total Short-Term Assets $3.636M $3.804M
Total Long-Term Assets $1.479M $1.986M
Total Assets $5.116M $5.790M
YoY Change -11.65% -16.09%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $105.0K $177.7K
YoY Change -40.88% -52.36%
Accrued Expenses $212.8K $164.2K
YoY Change 29.58% -40.58%
Deferred Revenue $80.88K $131.0K
YoY Change -38.25% 1.31%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $7.860K
YoY Change
Total Short-Term Liabilities $451.1K $632.5K
YoY Change -28.68% -24.58%
LONG-TERM LIABILITIES
Long-Term Debt $66.29K $0.00
YoY Change
Other Long-Term Liabilities $362.0K $395.2K
YoY Change -8.39% -5.94%
Total Long-Term Liabilities $428.3K $395.2K
YoY Change 8.38% -5.94%
TOTAL LIABILITIES
Total Short-Term Liabilities $451.1K $632.5K
Total Long-Term Liabilities $428.3K $395.2K
Total Liabilities $879.4K $1.028M
YoY Change -14.43% -18.36%
SHAREHOLDERS EQUITY
Retained Earnings -$15.72M -$15.12M
YoY Change 3.95% 6.79%
Common Stock $19.96M $19.89M
YoY Change 0.36% 0.42%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $4.236M $4.763M
YoY Change
Total Liabilities & Shareholders Equity $5.116M $5.790M
YoY Change -11.65% -16.09%

Cashflow Statement

Concept 2021 Q2 2020 Q2
OPERATING ACTIVITIES
Net Income $577.2K -$754.9K
YoY Change -176.45% -433.76%
Depreciation, Depletion And Amortization $27.84K $32.86K
YoY Change -15.28% 24.71%
Cash From Operating Activities $212.3K -$384.3K
YoY Change -155.23% -426.35%
INVESTING ACTIVITIES
Capital Expenditures -$76.84K $0.00
YoY Change -100.0%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$78.04K $0.00
YoY Change -100.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$244.4K -141.0K
YoY Change 73.35% 256.63%
NET CHANGE
Cash From Operating Activities $212.3K -384.3K
Cash From Investing Activities -$78.04K 0.000
Cash From Financing Activities -$244.4K -141.0K
Net Change In Cash -$110.2K -525.3K
YoY Change -79.02% -679.15%
FREE CASH FLOW
Cash From Operating Activities $212.3K -$384.3K
Capital Expenditures -$76.84K $0.00
Free Cash Flow $289.1K -$384.3K
YoY Change -175.22% -378.71%

Facts In Submission

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311498 USD
CY2021Q2 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
212275 USD
CY2021Q2 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-78044 USD
CY2021Q2 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-244438 USD
CY2015 skas Environmental Remediation Agreed Percentage Of Reduction In Tenant Operated Tourist Flights
EnvironmentalRemediationAgreedPercentageOfReductionInTenantOperatedTouristFlights
0.20 pure
CY2015 skas Environmental Remediation Agreed Percentage Of Reduction In Tenant Operated Tourist Flights By Year One
EnvironmentalRemediationAgreedPercentageOfReductionInTenantOperatedTouristFlightsByYearOne
0.40 pure
CY2015 skas Environmental Remediation Agreed Percentage Of Reduction In Tenant Operated Tourist Flights By Year Two
EnvironmentalRemediationAgreedPercentageOfReductionInTenantOperatedTouristFlightsByYearTwo
0.50 pure
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
0 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
130000 USD
skas Concession Fees
ConcessionFees
28000 USD
skas Concession Fees
ConcessionFees
254000 USD
CY2019Q1 us-gaap Notes Receivable Net
NotesReceivableNet
276000 USD
CY2019Q1 skas Financing Receivable Interest Rate
FinancingReceivableInterestRate
0.075 pure
CY2020 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
205000 USD
CY2020Q4 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
205000 USD
us-gaap Net Income Loss
NetIncomeLoss
311498 USD
us-gaap Net Income Loss
NetIncomeLoss
-851075 USD
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1028863
CY2020Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1023129
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1028863
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1023744
CY2021Q2 skas Incremental Common Shares Attributable To Options And Warrants
IncrementalCommonSharesAttributableToOptionsAndWarrants
2038
CY2020Q2 skas Incremental Common Shares Attributable To Options And Warrants
IncrementalCommonSharesAttributableToOptionsAndWarrants
12521
skas Incremental Common Shares Attributable To Options And Warrants
IncrementalCommonSharesAttributableToOptionsAndWarrants
4268
skas Incremental Common Shares Attributable To Options And Warrants
IncrementalCommonSharesAttributableToOptionsAndWarrants
12521
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1030901
CY2020Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1035650
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1033131
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1036265
us-gaap Share Based Compensation
ShareBasedCompensation
17196 USD
us-gaap Share Based Compensation
ShareBasedCompensation
37320 USD
skas Shares Based Compensation Stock Options Unamortized Fair Value
SharesBasedCompensationStockOptionsUnamortizedFairValue
17200 USD
CY2021Q2 us-gaap Inventory Net
InventoryNet
183234 USD
CY2020Q4 us-gaap Inventory Net
InventoryNet
163619 USD
CY2019Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.50
CY2019Q4 skas Dividends Per Share To Be Paid In Equal Quarterly Installments
DividendsPerShareToBePaidInEqualQuarterlyInstallments
0.125
CY2019Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
373370 USD

Files In Submission

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0001437749-21-019870.txt Edgar Link pending
0001437749-21-019870-xbrl.zip Edgar Link pending
ex_274513.htm Edgar Link pending
ex_274514.htm Edgar Link pending
ex_274515.htm Edgar Link pending
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skas-20210630.xsd Edgar Link pending
skas-20210630_cal.xml Edgar Link unprocessable
skas-20210630_def.xml Edgar Link unprocessable
skas-20210630_lab.xml Edgar Link unprocessable
skas-20210630_pre.xml Edgar Link unprocessable
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skas20210630_10q_htm.xml Edgar Link completed