2018 Form 10-K Financial Statement

#000070738819000006 Filed on March 01, 2019

View on sec.gov

Income Statement

Concept 2018 2017 Q4 2017 Q3
Revenue $104.2M $26.31M $25.80M
YoY Change -0.43% -15.49% -17.02%
Cost Of Revenue $85.91M $21.78M $20.43M
YoY Change -4.48% -3.16% -10.36%
Gross Profit $18.27M $4.536M $5.370M
YoY Change -13.8% -47.51% -35.31%
Gross Profit Margin 17.54% 17.24% 20.82%
Selling, General & Admin $35.49M $5.740M $5.101M
YoY Change 42.92% -8.16% -27.48%
% of Gross Profit 194.26% 126.54% 94.99%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $8.706M $3.400M $2.490M
YoY Change -21.31% 33.33% 0.0%
% of Gross Profit 47.65% 74.96% 46.37%
Operating Expenses $22.82M $6.110M $5.475M
YoY Change -13.89% -10.54% -28.07%
Operating Profit -$4.545M -$1.745M -$105.0K
YoY Change -14.23% -218.14% -115.24%
Interest Expense -$751.0K -$160.0K $154.0K
YoY Change 2.88% -50.0% -54.97%
% of Operating Profit
Other Income/Expense, Net -$855.0K -$70.00K -$391.0K
YoY Change -51.14% -111.11% -49.22%
Pretax Income -$5.400M -$1.980M -$496.0K
YoY Change -23.39% -211.24% 512.35%
Income Tax -$1.561M $9.030M $6.838M
% Of Pretax Income
Net Earnings $736.0K -$21.98M -$8.899M
YoY Change -102.06% -1211.38% 3044.52%
Net Earnings / Revenue 0.71% -83.55% -34.5%
Basic Earnings Per Share -$1.10 -$0.44
Diluted Earnings Per Share $350.0K -$1.10 -$0.44
COMMON SHARES
Basic Shares Outstanding 2.016M shares 20.05M shares 20.01M shares
Diluted Shares Outstanding 2.016M shares 20.01M shares

Balance Sheet

Concept 2018 2017 Q4 2017 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.700M $2.000M $1.200M
YoY Change -15.0% -35.48% -67.57%
Cash & Equivalents $1.500M $1.877M $1.103M
Short-Term Investments $200.0K $100.0K $100.0K
Other Short-Term Assets $1.500M $1.972M $359.0K
YoY Change -31.82% -5.78% 54.08%
Inventory $5.400M $5.501M $5.903M
Prepaid Expenses
Receivables $12.60M $15.89M $14.00M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $21.20M $25.58M $23.32M
YoY Change -17.19% -5.55% -13.93%
LONG-TERM ASSETS
Property, Plant & Equipment $21.60M $28.37M $29.05M
YoY Change -23.94% -9.69% -6.66%
Goodwill $3.491M $3.657M
YoY Change -44.03% -46.37%
Intangibles $7.830M $9.894M
YoY Change -32.66% -18.94%
Long-Term Investments
YoY Change
Other Assets $800.0K $703.0K $976.0K
YoY Change 0.0% -11.35% 8.08%
Total Long-Term Assets $29.40M $41.13M $64.30M
YoY Change -28.47% -48.06% -19.62%
TOTAL ASSETS
Total Short-Term Assets $21.20M $25.58M $23.32M
Total Long-Term Assets $29.40M $41.13M $64.30M
Total Assets $50.60M $66.70M $87.62M
YoY Change -24.14% -37.23% -18.18%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $5.200M $5.207M $5.571M
YoY Change 0.0% -20.06% -13.84%
Accrued Expenses $5.500M $5.700M $3.700M
YoY Change -28.57% 35.71% -15.91%
Deferred Revenue $2.302M
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $800.0K $0.00 $0.00
YoY Change 0.0% -100.0% -100.0%
Total Short-Term Liabilities $13.20M $16.97M $16.24M
YoY Change -22.35% -25.15% -31.65%
LONG-TERM LIABILITIES
Long-Term Debt $9.500M $19.50M $18.50M
YoY Change -51.28% 21.34% 6.69%
Other Long-Term Liabilities $2.000M $2.180M $2.009M
YoY Change -9.09% 109.82% 72.74%
Total Long-Term Liabilities $11.50M $21.68M $20.51M
YoY Change -47.0% 26.72% 10.84%
TOTAL LIABILITIES
Total Short-Term Liabilities $13.20M $16.97M $16.24M
Total Long-Term Liabilities $11.50M $21.68M $20.51M
Total Liabilities $24.80M $38.90M $36.75M
YoY Change -36.25% -2.21% -13.05%
SHAREHOLDERS EQUITY
Retained Earnings -$114.6M -$92.65M
YoY Change 44.31% 13.8%
Common Stock $2.000K $2.000K
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $5.728M $5.728M
YoY Change 0.0% 0.0%
Treasury Stock Shares 2.588M shares 2.588M shares
Shareholders Equity $25.80M $27.80M $50.87M
YoY Change
Total Liabilities & Shareholders Equity $50.60M $66.70M $87.62M
YoY Change -24.14% -37.23% -18.18%

Cashflow Statement

Concept 2018 2017 Q4 2017 Q3
OPERATING ACTIVITIES
Net Income $736.0K -$21.98M -$8.899M
YoY Change -102.06% -1211.38% 3044.52%
Depreciation, Depletion And Amortization $8.706M $3.400M $2.490M
YoY Change -21.31% 33.33% 0.0%
Cash From Operating Activities $5.064M $1.970M $610.0K
YoY Change -16.56% -50.87% -79.8%
INVESTING ACTIVITIES
Capital Expenditures $2.163M -$960.0K -$790.0K
YoY Change -14.54% -56.95% -21.0%
Acquisitions
YoY Change
Other Investing Activities $10.85M $0.00 $0.00
YoY Change 914.02% -100.0% -100.0%
Cash From Investing Activities $8.685M -$980.0K -$780.0K
YoY Change -692.83% -43.35% 1460.0%
FINANCING ACTIVITIES
Cash Dividend Paid $3.321M
YoY Change -20.83%
Common Stock Issuance & Retirement, Net $48.00K
YoY Change -74.74%
Debt Paid & Issued, Net $43.35M
YoY Change 8.28%
Cash From Financing Activities -$14.16M -330.0K -510.0K
YoY Change 75.57% -86.48% -86.92%
NET CHANGE
Cash From Operating Activities $5.064M 1.970M 610.0K
Cash From Investing Activities $8.685M -980.0K -780.0K
Cash From Financing Activities -$14.16M -330.0K -510.0K
Net Change In Cash -$407.0K 660.0K -680.0K
YoY Change -88.23% -512.5% -26.88%
FREE CASH FLOW
Cash From Operating Activities $5.064M $1.970M $610.0K
Capital Expenditures $2.163M -$960.0K -$790.0K
Free Cash Flow $2.901M $2.930M $1.400M
YoY Change -18.0% -53.04% -65.17%

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CY2017Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
891000 USD
CY2018Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
756000 USD
CY2017Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
3489000 USD
CY2018Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
2588000 USD
CY2017 us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
400000 USD
CY2018 us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
300000 USD
CY2018 us-gaap Defined Contribution Plan Maximum Annual Contributions Per Employee Percent
DefinedContributionPlanMaximumAnnualContributionsPerEmployeePercent
1
CY2017 us-gaap Depreciation
Depreciation
7903000 USD
CY2018 us-gaap Depreciation
Depreciation
7331000 USD
CY2018 us-gaap Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax
DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
6161000 USD
CY2017Q4 us-gaap Disposal Group Including Discontinued Operation Assets Noncurrent
DisposalGroupIncludingDiscontinuedOperationAssetsNoncurrent
1735000 USD
CY2018Q4 us-gaap Disposal Group Including Discontinued Operation Assets Noncurrent
DisposalGroupIncludingDiscontinuedOperationAssetsNoncurrent
0 USD
CY2017 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
4195000 USD
CY2018 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
3321000 USD
CY2017Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.10
CY2017Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.14
CY2017Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.44
CY2017Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.10
CY2018Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.20
CY2018Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.02
CY2018Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.07
CY2018Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.08
CY2017 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-1.79
CY2018 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.04
CY2017 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-3.969
CY2018 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.289
CY2017 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.34
CY2018 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2017 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-2.580
CY2018 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.161
CY2017 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0.004
CY2018 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
-0.020
CY2017 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
-0.011
CY2018 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
-0.024
CY2017 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.026
CY2018 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.017
CY2017 us-gaap Effective Income Tax Rate Reconciliation Tax Contingencies
EffectiveIncomeTaxRateReconciliationTaxContingencies
0.007
CY2018 us-gaap Effective Income Tax Rate Reconciliation Tax Contingencies
EffectiveIncomeTaxRateReconciliationTaxContingencies
0.000
CY2017 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
0.000
CY2018 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
-0.046
CY2017Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
5507000 USD
CY2017Q4 us-gaap Equity Securities Fv Ni
EquitySecuritiesFvNi
208000 USD
CY2018Q4 us-gaap Equity Securities Fv Ni
EquitySecuritiesFvNi
159000 USD
CY2018 us-gaap Equity Securities Fv Ni Unrealized Gain
EquitySecuritiesFvNiUnrealizedGain
43000 USD
CY2017 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
-311000 USD
CY2018 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
-62000 USD
CY2018 us-gaap Equity Securities Fv Ni Unrealized Loss
EquitySecuritiesFvNiUnrealizedLoss
105000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
8744000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
6602000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
1000000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
1100000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
500000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
500000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
1000000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
1100000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
16574000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
11830000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
7830000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
5228000 USD
CY2017 us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
0 USD
us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
-500000 USD
CY2018 us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
-507000 USD
CY2017 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
66000 USD
CY2018 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
46000 USD
CY2017 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-709000 USD
CY2018 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-43000 USD
CY2017 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
18586000 USD
CY2018 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
15038000 USD
CY2017Q4 us-gaap Goodwill
Goodwill
2393000 USD
CY2018Q4 us-gaap Goodwill
Goodwill
1745000 USD
CY2017 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
166000 USD
CY2018 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
476000 USD
CY2017Q1 us-gaap Gross Profit
GrossProfit
5602000 USD
CY2017Q2 us-gaap Gross Profit
GrossProfit
5688000 USD
CY2017Q3 us-gaap Gross Profit
GrossProfit
5370000 USD
CY2017Q4 us-gaap Gross Profit
GrossProfit
4536000 USD
CY2017 us-gaap Gross Profit
GrossProfit
21196000 USD
CY2018Q1 us-gaap Gross Profit
GrossProfit
4607000 USD
CY2018Q2 us-gaap Gross Profit
GrossProfit
5567000 USD
CY2018Q3 us-gaap Gross Profit
GrossProfit
4358000 USD
CY2018Q4 us-gaap Gross Profit
GrossProfit
3739000 USD
CY2018 us-gaap Gross Profit
GrossProfit
18271000 USD
CY2017 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0 USD
CY2018 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0 USD
CY2017Q1 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-2251000 USD
CY2017Q2 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-2846000 USD
CY2017Q3 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-7334000 USD
CY2017Q4 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-22605000 USD
CY2017 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-35036000 USD
CY2018Q1 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-1388000 USD
CY2018Q2 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-350000 USD
CY2018Q3 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-1187000 USD
CY2018Q4 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-914000 USD
CY2018 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-3839000 USD
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-7049000 USD
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-5400000 USD
CY2017Q1 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
-0.11
CY2017Q2 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
-0.14
CY2017Q3 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
-0.37
CY2017Q4 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
-1.13
CY2017 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
-1.75
CY2018Q1 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
-0.07
CY2018Q2 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
-0.02
CY2018Q3 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
-0.06
CY2018Q4 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
-0.05
CY2018 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
-0.19
CY2017Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
175000 USD
CY2017Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
74000 USD
CY2017Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
-1565000 USD
CY2017Q4 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
622000 USD
CY2017 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
-694000 USD
CY2018Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
5494000 USD
CY2018Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
0 USD
CY2018Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
-239000 USD
CY2018Q4 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
-680000 USD
CY2018 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
4575000 USD
CY2017Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare
0.01
CY2017Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare
0.00
CY2017Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare
-0.08
CY2017Q4 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare
0.03
CY2017 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare
-0.04
CY2018Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare
0.27
CY2018Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare
0.00
CY2018Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare
-0.01
CY2018Q4 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare
-0.03
CY2018 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare
0.23
CY2017 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
27987000 USD
CY2018 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-1561000 USD
CY2017 us-gaap Income Tax Expense Benefit Intraperiod Tax Allocation
IncomeTaxExpenseBenefitIntraperiodTaxAllocation
-400000 USD
CY2018 us-gaap Income Tax Expense Benefit Intraperiod Tax Allocation
IncomeTaxExpenseBenefitIntraperiodTaxAllocation
1500000 USD
CY2017 us-gaap Income Taxes Paid
IncomeTaxesPaid
127000 USD
CY2018 us-gaap Income Taxes Paid
IncomeTaxesPaid
52000 USD
CY2017 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-1244000 USD
CY2018 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
25000 USD
CY2017 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
1567000 USD
CY2018 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-3026000 USD
CY2017 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
6000 USD
CY2018 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-749000 USD
CY2017 us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
-27530000 USD
CY2018 us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
133000 USD
CY2017 us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
1545000 USD
CY2018 us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
-1645000 USD
CY2017 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-409000 USD
CY2018 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
12000 USD
CY2017 us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
-673000 USD
CY2018 us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
-676000 USD
CY2017 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
14000 USD
CY2018 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-686000 USD
CY2017Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
7830000 USD
CY2018Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
5228000 USD
CY2017 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-730000 USD
CY2018 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-751000 USD
CY2017 us-gaap Interest Paid Net
InterestPaidNet
856000 USD
CY2018 us-gaap Interest Paid Net
InterestPaidNet
702000 USD
CY2017Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
1529000 USD
CY2018Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
1056000 USD
CY2017Q4 us-gaap Inventory Gross
InventoryGross
5954000 USD
CY2018Q4 us-gaap Inventory Gross
InventoryGross
5782000 USD
CY2017Q4 us-gaap Inventory Net
InventoryNet
5501000 USD
CY2018Q4 us-gaap Inventory Net
InventoryNet
5402000 USD
CY2017Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
2331000 USD
CY2018Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
2419000 USD
CY2017Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
453000 USD
CY2018Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
380000 USD
CY2017Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
2094000 USD
CY2018Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
2307000 USD
CY2015Q3 us-gaap Investments In And Advances To Affiliates Balance Shares
InvestmentsInAndAdvancesToAffiliatesBalanceShares
71429 shares
CY2017 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
4200000 USD
CY2018 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
4500000 USD
CY2017Q4 us-gaap Liabilities
Liabilities
38904000 USD
CY2018Q4 us-gaap Liabilities
Liabilities
24794000 USD
CY2017Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
66703000 USD
CY2018Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
50594000 USD
CY2017Q4 us-gaap Liabilities Current
LiabilitiesCurrent
16970000 USD
CY2018Q4 us-gaap Liabilities Current
LiabilitiesCurrent
13217000 USD
CY2017Q4 us-gaap Liabilities Of Disposal Group Including Discontinued Operation Current
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent
835000 USD
CY2018Q4 us-gaap Liabilities Of Disposal Group Including Discontinued Operation Current
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent
0 USD
CY2017Q4 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Net
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNet
1000000 USD
CY2018Q4 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Net
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNet
500000 USD
CY2017Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
796000 USD
CY2018Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
786000 USD
CY2017Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
19500000 USD
CY2018Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
9500000 USD
CY2017 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-8063000 USD
CY2018 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-14156000 USD
CY2017 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1465000 USD
CY2018 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
8685000 USD
CY2017 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
6069000 USD
CY2018 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
5064000 USD
CY2017Q1 us-gaap Net Income Loss
NetIncomeLoss
-2076000 USD
CY2017Q2 us-gaap Net Income Loss
NetIncomeLoss
-2772000 USD
CY2017Q3 us-gaap Net Income Loss
NetIncomeLoss
-8899000 USD
CY2017Q4 us-gaap Net Income Loss
NetIncomeLoss
-21983000 USD
CY2017 us-gaap Net Income Loss
NetIncomeLoss
-35730000 USD
CY2018Q1 us-gaap Net Income Loss
NetIncomeLoss
4106000 USD
CY2018Q2 us-gaap Net Income Loss
NetIncomeLoss
-350000 USD
CY2018Q3 us-gaap Net Income Loss
NetIncomeLoss
-1426000 USD
CY2018Q4 us-gaap Net Income Loss
NetIncomeLoss
-1594000 USD
CY2018 us-gaap Net Income Loss
NetIncomeLoss
736000 USD
CY2017 us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
2422000 USD
CY2018 us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
613000 USD
CY2017 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-1750000 USD
CY2018 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-855000 USD
CY2018 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3 segment
CY2017 us-gaap Operating Expenses
OperatingExpenses
26495000 USD
CY2018 us-gaap Operating Expenses
OperatingExpenses
22816000 USD
CY2017Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-1451000 USD
CY2017Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-1998000 USD
CY2017Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-105000 USD
CY2017Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
-1745000 USD
CY2017 us-gaap Operating Income Loss
OperatingIncomeLoss
-5299000 USD
CY2018Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-1609000 USD
CY2018Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-248000 USD
CY2018Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-1290000 USD
CY2018Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
-1398000 USD
CY2018 us-gaap Operating Income Loss
OperatingIncomeLoss
-4545000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
5198000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
2147000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
343000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
582000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
881000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
1245000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
0 USD
CY2018 us-gaap Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
10756000 USD
CY2017Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
23451000 USD
CY2018Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
22043000 USD
CY2017Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
2915000 USD
CY2018Q4 us-gaap Other Assets Current
OtherAssetsCurrent
1285000 USD
CY2017Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
703000 USD
CY2018Q4 us-gaap Other Accrued Liabilities Current
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2265000 USD
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0 shares
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0 USD
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1000000 USD
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167000 USD
CY2018 us-gaap Proceeds From Sale Of Property Plant And Equipment
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2095000 USD
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204000 USD
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0 shares
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197000 USD
CY2017 us-gaap Standard Product Warranty Accrual Payments
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343000 USD
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CY2017 us-gaap Standard Product Warranty Accrual Warranties Issued
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351000 USD
CY2018 us-gaap Standard Product Warranty Accrual Warranties Issued
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279000 USD
CY2017 us-gaap Stock Issued During Period Value Stock Options Exercised
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CY2018 us-gaap Stock Issued During Period Value Stock Options Exercised
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CY2016Q4 us-gaap Stockholders Equity
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CY2017Q4 us-gaap Stockholders Equity
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CY2018Q4 us-gaap Stockholders Equity
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404000 USD
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324000 USD
CY2017Q4 us-gaap Treasury Stock Shares
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5728000 USD
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198000 USD
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326000 USD
CY2018Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
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CY2017 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2017 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2018 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2018 us-gaap Advertising Cost Policy Expensed Advertising Cost
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:8px;padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Advertising Costs</font></div><div style="line-height:120%;padding-bottom:8px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Advertising costs are expensed as incurred.</font></div></div>
CY2018 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:8px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Concentration of Credit Risk</font></div><div style="line-height:120%;padding-bottom:8px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Financial instruments, which potentially subject us to concentrations of credit risk, consist primarily of cash and cash equivalents, investments, and accounts receivable. We limit our exposure to credit loss by generally placing our cash and investments in high credit quality financial institutions and investment grade corporate debt securities. Additionally, we have established guidelines regarding diversification of our investments and their maturities, which are designed to maintain principal and maximize liquidity. </font></div></div>
CY2018 us-gaap Nature Of Operations
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:8px;padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">The Company</font></div><div style="line-height:120%;padding-bottom:8px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Digirad Corporation, a Delaware holding corporation, together with its consolidated subsidiaries (collectively &#8220;Digirad&#8221; or the&#160;&#8220;Company&#8221;)&#160;delivers convenient, effective, and efficient healthcare solutions on an as needed, when needed, and where needed basis.&#160;Digirad&#8217;s diverse portfolio of mobile healthcare solutions and medical equipment and services, including diagnostic imaging and patient monitoring, provides hospitals, physician practices, and imaging centers throughout&#160;the United States&#160;access to technology and services necessary to provide exceptional patient care in the rapidly changing healthcare environment.</font></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">As of </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2018</font><font style="font-family:inherit;font-size:10pt;">, our business is organized into </font><font style="font-family:inherit;font-size:10pt;">three</font><font style="font-family:inherit;font-size:10pt;"> reportable segments: Diagnostic Services, Mobile Healthcare, and Diagnostic Imaging. See Note 14. </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Segments</font><font style="font-family:inherit;font-size:10pt;">, for more information relating to our segments. For discussion purposes, we categorized our Diagnostic Services and Mobile Healthcare reportable segments as &#8220;Services,&#8221; and our Diagnostic Imaging reportable segment as &#8220;Product and Product-Related.&#8221;</font></div></div>
CY2018 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:8px;padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Use of Estimates</font></div><div style="line-height:120%;padding-bottom:8px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and disclosures made in the accompanying notes to the consolidated financial statements. Significant estimates and judgments include those related to revenue recognition, reserves for doubtful accounts and contractual allowances, self-insurance, inventory valuation, and income taxes. Actual results could materially differ from those estimates.</font></div></div>

Files In Submission

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0000707388-19-000006-index-headers.html Edgar Link pending
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0000707388-19-000006.txt Edgar Link pending
0000707388-19-000006-xbrl.zip Edgar Link pending
digirad-20181231.xml Edgar Link completed
digirad-20181231.xsd Edgar Link pending
digirad-20181231_cal.xml Edgar Link unprocessable
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