2020 Q2 Form 10-K Financial Statement
#000165495421010701 Filed on October 01, 2021
Income Statement
| Concept | 2020 Q2 | 2020 | 2019 Q2 |
|---|---|---|---|
| Revenue | $7.179M | $34.47M | $10.63M |
| YoY Change | -32.43% | -12.07% | -1.25% |
| Cost Of Revenue | $5.856M | $27.20M | $8.157M |
| YoY Change | -28.21% | -9.93% | 3.12% |
| Gross Profit | $1.323M | $7.266M | $2.468M |
| YoY Change | -46.39% | -19.28% | -13.4% |
| Gross Profit Margin | 18.43% | 21.08% | 23.23% |
| Selling, General & Admin | $1.877M | $7.743M | $2.072M |
| YoY Change | -9.41% | -1.68% | -2.72% |
| % of Gross Profit | 141.87% | 106.56% | 83.95% |
| Research & Development | $75.00K | $355.0K | $75.00K |
| YoY Change | 0.0% | 2.9% | 7.14% |
| % of Gross Profit | 5.67% | 4.89% | 3.04% |
| Depreciation & Amortization | $750.0K | $3.100M | $673.0K |
| YoY Change | 11.44% | 26.53% | 8.55% |
| % of Gross Profit | 56.69% | 42.66% | 27.27% |
| Operating Expenses | $1.952M | $8.098M | $2.147M |
| YoY Change | -9.08% | -1.48% | -2.41% |
| Operating Profit | -$629.0K | -$832.0K | $321.0K |
| YoY Change | -295.95% | -206.53% | -50.62% |
| Interest Expense | -$44.00K | -$53.00K | -$69.00K |
| YoY Change | -36.23% | -83.39% | 15.0% |
| % of Operating Profit | -21.5% | ||
| Other Income/Expense, Net | -$256.0K | $192.0K | $29.00K |
| YoY Change | -982.76% | -22.89% | 45.0% |
| Pretax Income | -$151.0K | $1.107M | $281.0K |
| YoY Change | -153.74% | -21.43% | -58.06% |
| Income Tax | -$124.0K | -$12.00K | -$201.0K |
| % Of Pretax Income | -1.08% | -71.53% | |
| Net Earnings | $109.0K | $1.116M | $449.0K |
| YoY Change | -75.72% | -27.77% | -33.97% |
| Net Earnings / Revenue | 1.52% | 3.24% | 4.23% |
| Basic Earnings Per Share | |||
| Diluted Earnings Per Share | $29.68K | $239.0K | $117.8K |
| COMMON SHARES | |||
| Basic Shares Outstanding | |||
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2020 Q2 | 2020 | 2019 Q2 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $10.85M | $10.85M | $9.007M |
| YoY Change | 20.43% | 20.43% | 25.27% |
| Cash & Equivalents | $5.810M | $4.150M | $4.863M |
| Short-Term Investments | $6.697M | $6.697M | $4.144M |
| Other Short-Term Assets | $482.0K | $482.0K | $376.0K |
| YoY Change | 28.19% | 28.19% | 25.33% |
| Inventory | $1.922M | $1.922M | $2.427M |
| Prepaid Expenses | |||
| Receivables | $5.951M | $5.951M | $7.113M |
| Other Receivables | $998.0K | $998.0K | $817.0K |
| Total Short-Term Assets | $20.20M | $20.20M | $19.74M |
| YoY Change | 2.33% | 2.33% | 3.62% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $10.31M | $11.94M | $12.94M |
| YoY Change | -20.33% | -7.7% | -1.06% |
| Goodwill | |||
| YoY Change | |||
| Intangibles | |||
| YoY Change | |||
| Long-Term Investments | |||
| YoY Change | |||
| Other Assets | $1.609M | $3.516M | $3.846M |
| YoY Change | -58.16% | -8.58% | -11.38% |
| Total Long-Term Assets | $15.46M | $15.46M | $16.79M |
| YoY Change | -7.9% | -7.9% | -3.63% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $20.20M | $20.20M | $19.74M |
| Total Long-Term Assets | $15.46M | $15.46M | $16.79M |
| Total Assets | $35.66M | $35.66M | $36.53M |
| YoY Change | -2.37% | -2.37% | 0.16% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $2.590M | $2.590M | $3.272M |
| YoY Change | -20.84% | -20.84% | -11.57% |
| Accrued Expenses | $3.005M | $2.888M | $3.486M |
| YoY Change | -13.8% | -17.15% | 9.97% |
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $172.0K | $172.0K | $187.0K |
| YoY Change | -8.02% | -8.02% | -90.83% |
| Long-Term Debt Due | $655.0K | $655.0K | $771.0K |
| YoY Change | -15.05% | -15.05% | 24.35% |
| Total Short-Term Liabilities | $7.243M | $7.243M | $8.133M |
| YoY Change | -10.94% | -10.94% | -17.18% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $2.338M | $2.338M | $2.734M |
| YoY Change | -14.48% | -14.48% | 39.49% |
| Other Long-Term Liabilities | $36.00K | $933.0K | $472.0K |
| YoY Change | -92.37% | 97.67% | -45.12% |
| Total Long-Term Liabilities | $3.271M | $3.271M | $3.206M |
| YoY Change | 2.03% | 2.03% | 13.69% |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $7.243M | $7.243M | $8.133M |
| Total Long-Term Liabilities | $3.271M | $3.271M | $3.206M |
| Total Liabilities | $10.51M | $11.69M | $12.86M |
| YoY Change | -18.25% | -9.07% | -11.3% |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | $7.415M | ||
| YoY Change | |||
| Common Stock | $15.41M | ||
| YoY Change | |||
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | |||
| YoY Change | |||
| Treasury Stock Shares | |||
| Shareholders Equity | $25.15M | $23.97M | $24.86M |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $35.66M | $35.66M | $36.53M |
| YoY Change | -2.37% | -2.37% | 0.16% |
Cashflow Statement
| Concept | 2020 Q2 | 2020 | 2019 Q2 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | $109.0K | $1.116M | $449.0K |
| YoY Change | -75.72% | -27.77% | -33.97% |
| Depreciation, Depletion And Amortization | $750.0K | $3.100M | $673.0K |
| YoY Change | 11.44% | 26.53% | 8.55% |
| Cash From Operating Activities | $915.0K | $3.011M | $1.524M |
| YoY Change | -39.96% | -32.4% | 19.06% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | -$169.0K | -$1.017M | -$265.0K |
| YoY Change | -36.23% | -64.2% | 1.92% |
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | -$507.0K | -$1.600M | -$506.0K |
| YoY Change | 0.2% | -35.97% | -732.5% |
| Cash From Investing Activities | -$676.0K | -$2.617M | -$771.0K |
| YoY Change | -12.32% | -50.99% | 353.53% |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | |||
| YoY Change | |||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | -436.0K | -732.0K | -427.0K |
| YoY Change | 2.11% | 24.07% | -194.89% |
| NET CHANGE | |||
| Cash From Operating Activities | 915.0K | 3.011M | 1.524M |
| Cash From Investing Activities | -676.0K | -2.617M | -771.0K |
| Cash From Financing Activities | -436.0K | -732.0K | -427.0K |
| Net Change In Cash | -197.0K | -338.0K | 326.0K |
| YoY Change | -160.43% | -77.1% | -79.1% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | $915.0K | $3.011M | $1.524M |
| Capital Expenditures | -$169.0K | -$1.017M | -$265.0K |
| Free Cash Flow | $1.084M | $4.028M | $1.789M |
| YoY Change | -39.41% | -44.78% | 16.17% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2020Q2 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
5951000 | USD |
| CY2020Q2 | us-gaap |
Short Term Investments
ShortTermInvestments
|
6838000 | USD |
| CY2020Q2 | us-gaap |
Cash
Cash
|
4150000 | USD |
| CY2020Q2 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
341000 | USD |
| CY2020Q2 | us-gaap |
Inventory Net
InventoryNet
|
1922000 | USD |
| CY2020Q2 | us-gaap |
Other Receivables Net Current
OtherReceivablesNetCurrent
|
998000 | USD |
| CY2020Q2 | us-gaap |
Assets Current
AssetsCurrent
|
20200000 | USD |
| CY2020Q2 | TRT |
Financed Sales Receivable Current
FinancedSalesReceivableCurrent
|
0 | USD |
| CY2020Q2 | us-gaap |
Assets
Assets
|
35660000 | USD |
| CY2020Q2 | us-gaap |
Assets Noncurrent
AssetsNoncurrent
|
15460000 | USD |
| CY2020Q2 | us-gaap |
Deposits Assets Noncurrent
DepositsAssetsNoncurrent
|
1660000 | USD |
| CY2020Q2 | TRT |
Financed Sales Receivable Noncurrent
FinancedSalesReceivableNoncurrent
|
0 | USD |
| CY2020Q2 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
1609000 | USD |
| CY2020Q2 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
944000 | USD |
| CY2020Q2 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
10310000 | USD |
| CY2020Q2 | us-gaap |
Loans Payable To Bank Current
LoansPayableToBankCurrent
|
370000 | USD |
| CY2020Q2 | us-gaap |
Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
|
690000 | USD |
| CY2020Q2 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
7243000 | USD |
| CY2020Q2 | us-gaap |
Other Short Term Borrowings
OtherShortTermBorrowings
|
54000 | USD |
| CY2020Q2 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
477000 | USD |
| CY2020Q2 | us-gaap |
Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
|
231000 | USD |
| CY2020Q2 | us-gaap |
Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
|
344000 | USD |
| CY2020Q2 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
3005000 | USD |
| CY2020Q2 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
2590000 | USD |
| CY2020Q2 | us-gaap |
Lines Of Credit Current
LinesOfCreditCurrent
|
172000 | USD |
| CY2020Q2 | us-gaap |
Liabilities
Liabilities
|
10514000 | USD |
| CY2020Q2 | us-gaap |
Liabilities Noncurrent
LiabilitiesNoncurrent
|
3271000 | USD |
| CY2020Q2 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
36000 | USD |
| CY2020Q2 | us-gaap |
Other Loans Payable Long Term
OtherLoansPayableLongTerm
|
67000 | USD |
| CY2020Q2 | us-gaap |
Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
|
430000 | USD |
| CY2020Q2 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
467000 | USD |
| CY2020Q2 | us-gaap |
Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
|
435000 | USD |
| CY2020Q2 | us-gaap |
Long Term Loans From Bank
LongTermLoansFromBank
|
1836000 | USD |
| CY2020Q2 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
35660000 | USD |
| CY2020Q2 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
23966000 | USD |
| CY2020Q2 | us-gaap |
Minority Interest
MinorityInterest
|
1180000 | USD |
| CY2020Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
25146000 | USD |
| CY2019Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
24861000 | USD |
| CY2020Q2 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
1143000 | USD |
| CY2020Q2 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
7415000 | USD |
| CY2020Q2 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
3984000 | USD |
| CY2020Q2 | us-gaap |
Common Stock Value
CommonStockValue
|
11424000 | USD |
| CY2020 | us-gaap |
Profit Loss
ProfitLoss
|
1116000 | USD |
| CY2020 | us-gaap |
Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
|
146000 | USD |
| CY2020Q2 | us-gaap |
Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
|
247000 | USD |
