$TBTC
TABLE TRAC INC

2018 Q1 Form 10-Q Financial Statement

#000114420418028715 Filed on May 15, 2018

View on sec.gov

Income Statement

Concept 2018 Q1 2017 Q4 2017 Q1
Revenue $1.081M $1.230M $1.101M
YoY Change -1.76% -32.42% 17.17%
Cost Of Revenue $303.7K $310.0K $321.1K
YoY Change -5.41% -40.38% 222.4%
Gross Profit $777.6K $920.0K $779.6K
YoY Change -0.26% -29.23% -7.17%
Gross Profit Margin 71.91% 74.8% 70.83%
Selling, General & Admin $1.010M $1.030M $1.000M
YoY Change 1.03% -5.5% -4.88%
% of Gross Profit 129.95% 111.96% 128.29%
Research & Development $40.97K $7.733K
YoY Change 429.74% 100.08%
% of Gross Profit 5.27% 0.99%
Depreciation & Amortization $10.00K $10.00K $10.00K
YoY Change 0.0% 0.0%
% of Gross Profit 1.29% 1.09% 1.28%
Operating Expenses $1.051M $1.020M $1.008M
YoY Change 4.32% -6.42% -4.5%
Operating Profit -$232.9K -$100.0K -$220.6K
YoY Change 5.59% -147.62% 4.19%
Interest Expense $20.00K $20.00K $30.00K
YoY Change -33.33% 0.0% 200.0%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$213.8K -$90.00K -$190.4K
YoY Change 12.33% -139.13% -7.52%
Income Tax -$34.00K -$40.00K -$66.00K
% Of Pretax Income
Net Earnings -$179.8K $270.0K -$124.4K
YoY Change 44.6% 92.86% -9.12%
Net Earnings / Revenue -16.63% 21.95% -11.3%
Basic Earnings Per Share -$0.04 -$0.03
Diluted Earnings Per Share -$0.04 $59.87K -$0.03
COMMON SHARES
Basic Shares Outstanding 4.487M shares 4.512M shares
Diluted Shares Outstanding 4.532M shares 4.512M shares

Balance Sheet

Concept 2018 Q1 2017 Q4 2017 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.300M $1.320M $220.0K
YoY Change 490.91% 1220.0% -38.89%
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets $530.0K $460.0K $170.0K
YoY Change 211.76% 206.67% -29.17%
Inventory $520.0K $470.0K $1.133M
Prepaid Expenses $464.4K $173.4K
Receivables $2.420M $3.050M $2.709M
Other Receivables $0.00 $0.00 $20.00K
Total Short-Term Assets $4.765M $5.307M $4.256M
YoY Change 11.97% 30.06% 22.65%
LONG-TERM ASSETS
Property, Plant & Equipment $81.38K $71.79K $28.27K
YoY Change 187.84% 114.76% -43.46%
Goodwill
YoY Change
Intangibles $0.00
YoY Change
Long-Term Investments
YoY Change
Other Assets $805.3K $967.1K $1.033M
YoY Change -22.03% -25.12% 268.84%
Total Long-Term Assets $2.182M $2.554M $2.233M
YoY Change -2.32% -11.95% -42.59%
TOTAL ASSETS
Total Short-Term Assets $4.765M $5.307M $4.256M
Total Long-Term Assets $2.182M $2.554M $2.233M
Total Assets $6.947M $7.861M $6.489M
YoY Change 7.05% 12.6% -11.83%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $300.0K $640.0K $380.0K
YoY Change -21.05% 36.17% -20.83%
Accrued Expenses $60.00K $30.00K $60.00K
YoY Change 0.0% 0.0% 50.0%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $10.00K
YoY Change -100.0% 0.0%
Total Short-Term Liabilities $1.116M $683.4K $490.0K
YoY Change 127.79% -52.87% -60.48%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $20.00K
YoY Change -100.0% -100.0% 0.0%
Other Long-Term Liabilities $2.370M $3.310M $2.650M
YoY Change -10.57% 20.36% -26.39%
Total Long-Term Liabilities $2.370M $3.310M $2.670M
YoY Change -11.24% 19.49% -26.24%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.116M $683.4K $490.0K
Total Long-Term Liabilities $2.370M $3.310M $2.670M
Total Liabilities $3.865M $4.513M $3.850M
YoY Change 0.38% 6.95% -20.78%
SHAREHOLDERS EQUITY
Retained Earnings $1.500M $1.680M
YoY Change
Common Stock $1.771M $1.814M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $188.5K $146.4K
YoY Change 28.8%
Treasury Stock Shares 144.8K shares 144.8K shares
Shareholders Equity $3.082M $3.347M $2.640M
YoY Change
Total Liabilities & Shareholders Equity $6.947M $7.861M $6.490M
YoY Change 7.04% 12.62% -11.82%

Cashflow Statement

Concept 2018 Q1 2017 Q4 2017 Q1
OPERATING ACTIVITIES
Net Income -$179.8K $270.0K -$124.4K
YoY Change 44.6% 92.86% -9.12%
Depreciation, Depletion And Amortization $10.00K $10.00K $10.00K
YoY Change 0.0% 0.0%
Cash From Operating Activities $86.91K $840.0K $113.7K
YoY Change -23.59% -1150.0% 42.18%
INVESTING ACTIVITIES
Capital Expenditures -$20.00K $0.00
YoY Change
Acquisitions
YoY Change
Other Investing Activities $0.00
YoY Change
Cash From Investing Activities -$20.62K $0.00 $0.00
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $92.74K $0.00
YoY Change -100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$92.74K -50.00K -$1.094K
YoY Change 8377.15% -89.06%
NET CHANGE
Cash From Operating Activities $86.91K 840.0K $113.7K
Cash From Investing Activities -$20.62K 0.000 $0.00
Cash From Financing Activities -$92.74K -50.00K -$1.094K
Net Change In Cash -$26.45K 790.0K $112.7K
YoY Change -123.47% -1087.5%
FREE CASH FLOW
Cash From Operating Activities $86.91K $840.0K $113.7K
Capital Expenditures -$20.00K $0.00
Free Cash Flow $106.9K $840.0K
YoY Change -1150.0%

Facts In Submission

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CY2018Q1 us-gaap Increase Decrease In Inventories
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CY2017Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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CY2018Q1 us-gaap Use Of Estimates
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<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> <u>Use of Estimates</u></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> &#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> The preparation of financial statements in conformity with U.S. generally accepted accounting principles (GAAP) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. The Company uses of estimates and assumptions include: for revenue recognition, determining the nature and timing of satisfaction of performance obligations, and determining the standalone selling price (&#8220;SSP&#8221;) of performance obligations, variable consideration, and other obligations realizability of accounts receivable, the valuation of deferred tax assets and liabilities, deferred revenue and costs, and the valuation of inventory. Actual results could differ from those estimates.</div> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> &#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> The Company&#8217;s significant accounting policies are described in Note 1 of the financial statement included in its Annual Report on Form 10-K for the year ended December 31, 2017. Significant changes to the Company&#8217;s accounting policies as a result of adopting Accounting Standards Codification (ASC) 606 are discussed below.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
CY2017Q4 tbtc Contract And Other Longterm Assets
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CY2017Q1 us-gaap Deferred Revenue Revenue Recognized1
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259000 USD

Files In Submission

Name View Source Status
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0001144204-18-028715-index.html Edgar Link pending
0001144204-18-028715.txt Edgar Link pending
0001144204-18-028715-xbrl.zip Edgar Link pending
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Financial_Report.xlsx Edgar Link pending
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R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
tbtc-20180331.xml Edgar Link completed
tbtc-20180331.xsd Edgar Link pending
tbtc-20180331_cal.xml Edgar Link unprocessable
tbtc-20180331_def.xml Edgar Link unprocessable
tbtc-20180331_lab.xml Edgar Link unprocessable
tbtc-20180331_pre.xml Edgar Link unprocessable
tv493211_10q.htm Edgar Link pending
tv493211_ex31-1.htm Edgar Link pending
tv493211_ex31-2.htm Edgar Link pending
tv493211_ex32.htm Edgar Link pending