2013 Q1 Form 10-K Financial Statement
#000121390013002511 Filed on May 15, 2013
Income Statement
| Concept | 2013 Q1 | 2013 | 2012 Q1 |
|---|---|---|---|
| Revenue | $2.430M | $8.420M | $1.890M |
| YoY Change | 28.57% | 1.45% | -15.63% |
| Cost Of Revenue | $1.890M | $6.590M | $1.620M |
| YoY Change | 16.67% | 2.01% | 6.58% |
| Gross Profit | $530.0K | $1.840M | $270.0K |
| YoY Change | 96.3% | 0.0% | -62.5% |
| Gross Profit Margin | 21.81% | 21.85% | 14.29% |
| Selling, General & Admin | $460.0K | $1.280M | $300.0K |
| YoY Change | 53.33% | 16.36% | -11.76% |
| % of Gross Profit | 86.79% | 69.57% | 111.11% |
| Research & Development | |||
| YoY Change | |||
| % of Gross Profit | |||
| Depreciation & Amortization | $70.00K | $290.0K | $60.00K |
| YoY Change | 16.67% | 45.0% | 0.0% |
| % of Gross Profit | 13.21% | 15.76% | 22.22% |
| Operating Expenses | $470.0K | $1.280M | $300.0K |
| YoY Change | 56.67% | 16.36% | -14.29% |
| Operating Profit | $60.00K | $560.0K | -$30.00K |
| YoY Change | -300.0% | -24.32% | -108.11% |
| Interest Expense | $30.00K | $0.00 | |
| YoY Change | 200.0% | -100.0% | |
| % of Operating Profit | 5.36% | ||
| Other Income/Expense, Net | $10.00K | $254.0K | $0.00 |
| YoY Change | 3075.0% | -100.0% | |
| Pretax Income | $90.00K | $840.0K | -$30.00K |
| YoY Change | -400.0% | 10.53% | -108.33% |
| Income Tax | $0.00 | $10.00K | $10.00K |
| % Of Pretax Income | 0.0% | 1.19% | |
| Net Earnings | $80.00K | $820.0K | -$40.00K |
| YoY Change | -300.0% | 9.33% | -111.43% |
| Net Earnings / Revenue | 3.29% | 9.74% | -2.12% |
| Basic Earnings Per Share | |||
| Diluted Earnings Per Share | $36.70K | $337.4K | -$17.62K |
| COMMON SHARES | |||
| Basic Shares Outstanding | |||
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2013 Q1 | 2013 | 2012 Q1 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $6.470M | $6.470M | $7.600M |
| YoY Change | -14.87% | -14.87% | 10.63% |
| Cash & Equivalents | $1.300M | $1.300M | $990.0K |
| Short-Term Investments | $5.170M | $5.170M | $6.610M |
| Other Short-Term Assets | $170.0K | $170.0K | $140.0K |
| YoY Change | 21.43% | 21.43% | -17.65% |
| Inventory | $4.033M | $4.030M | $2.982M |
| Prepaid Expenses | |||
| Receivables | $1.080M | $1.080M | $770.0K |
| Other Receivables | $0.00 | $0.00 | $0.00 |
| Total Short-Term Assets | $11.75M | $11.75M | $11.49M |
| YoY Change | 2.26% | 2.26% | 4.36% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $592.0K | $590.0K | $671.0K |
| YoY Change | -11.77% | -11.94% | -6.81% |
| Goodwill | |||
| YoY Change | |||
| Intangibles | |||
| YoY Change | |||
| Long-Term Investments | |||
| YoY Change | |||
| Other Assets | $40.00K | $40.00K | $50.00K |
| YoY Change | -20.0% | -20.0% | 0.0% |
| Total Long-Term Assets | $630.0K | $630.0K | $720.0K |
| YoY Change | -12.5% | -12.5% | -6.49% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $11.75M | $11.75M | $11.49M |
| Total Long-Term Assets | $630.0K | $630.0K | $720.0K |
| Total Assets | $12.38M | $12.38M | $12.21M |
| YoY Change | 1.39% | 1.39% | 3.65% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $590.0K | $590.0K | $1.280M |
| YoY Change | -53.91% | -53.91% | -4.48% |
| Accrued Expenses | $722.0K | $460.0K | $552.0K |
| YoY Change | 30.8% | -14.81% | -21.14% |
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Long-Term Debt Due | |||
| YoY Change | |||
| Total Short-Term Liabilities | $1.580M | $1.580M | $1.860M |
| YoY Change | -15.05% | -15.05% | -14.29% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Other Long-Term Liabilities | $0.00 | $0.00 | $130.0K |
| YoY Change | -100.0% | -100.0% | -7.14% |
| Total Long-Term Liabilities | $0.00 | $0.00 | $130.0K |
| YoY Change | -100.0% | -100.0% | -7.14% |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $1.580M | $1.580M | $1.860M |
| Total Long-Term Liabilities | $0.00 | $0.00 | $130.0K |
| Total Liabilities | $1.580M | $1.580M | $1.990M |
| YoY Change | -20.6% | -20.6% | -13.48% |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | |||
| YoY Change | |||
| Common Stock | |||
| YoY Change | |||
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | $275.0K | ||
| YoY Change | |||
| Treasury Stock Shares | |||
| Shareholders Equity | $10.80M | $10.80M | $10.23M |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $12.38M | $12.38M | $12.21M |
| YoY Change | 1.39% | 1.39% | 3.65% |
Cashflow Statement
| Concept | 2013 Q1 | 2013 | 2012 Q1 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | $80.00K | $820.0K | -$40.00K |
| YoY Change | -300.0% | 9.33% | -111.43% |
| Depreciation, Depletion And Amortization | $70.00K | $290.0K | $60.00K |
| YoY Change | 16.67% | 45.0% | 0.0% |
| Cash From Operating Activities | -$40.00K | -$660.0K | $190.0K |
| YoY Change | -121.05% | -175.0% | -47.22% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | -$60.00K | -$210.0K | -$10.00K |
| YoY Change | 500.0% | 40.0% | -88.89% |
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | $720.0K | $1.450M | $80.00K |
| YoY Change | 800.0% | -617.86% | -133.33% |
| Cash From Investing Activities | $670.0K | $1.240M | $70.00K |
| YoY Change | 857.14% | -388.37% | -120.59% |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | |||
| YoY Change | |||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | 0.000 | -270.0K | 0.000 |
| YoY Change | |||
| NET CHANGE | |||
| Cash From Operating Activities | -40.00K | -660.0K | 190.0K |
| Cash From Investing Activities | 670.0K | 1.240M | 70.00K |
| Cash From Financing Activities | 0.000 | -270.0K | 0.000 |
| Net Change In Cash | 630.0K | 310.0K | 260.0K |
| YoY Change | 142.31% | -31.11% | 1200.0% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | -$40.00K | -$660.0K | $190.0K |
| Capital Expenditures | -$60.00K | -$210.0K | -$10.00K |
| Free Cash Flow | $20.00K | -$450.0K | $200.0K |
| YoY Change | -90.0% | -143.69% | -55.56% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2012Q1 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
671000 | USD |
| CY2013Q1 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
592000 | USD |
| CY2012Q1 | sodi |
Pre Petition Liabilities Current
PrePetitionLiabilitiesCurrent
|
1002000 | USD |
| CY2013Q1 | sodi |
Pre Petition Liabilities Current
PrePetitionLiabilitiesCurrent
|
278000 | USD |
| CY2012Q1 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
552000 | USD |
| CY2013Q1 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
722000 | USD |
| CY2012Q1 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
| CY2013Q1 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
| CY2012Q1 | us-gaap |
Inventory Net
InventoryNet
|
2982000 | USD |
| CY2013Q1 | us-gaap |
Inventory Net
InventoryNet
|
4033000 | USD |
| CY2012Q1 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
USD | |
| CY2013Q1 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
275000 | USD |
| CY2012 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
8000 | USD |
| CY2013 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
254000 | USD |
