2016 Q1 Form 10-Q Financial Statement
#000113754716000044 Filed on May 05, 2016
Income Statement
Concept | 2016 Q1 | 2015 Q1 |
---|---|---|
Revenue | $6.946M | $6.541M |
YoY Change | 6.19% | 13.01% |
Cost Of Revenue | ||
YoY Change | ||
Gross Profit | ||
YoY Change | ||
Gross Profit Margin | ||
Selling, General & Admin | ||
YoY Change | ||
% of Gross Profit | ||
Research & Development | ||
YoY Change | ||
% of Gross Profit | ||
Depreciation & Amortization | $360.0K | $360.0K |
YoY Change | 0.0% | 9.09% |
% of Gross Profit | ||
Operating Expenses | ||
YoY Change | ||
Operating Profit | ||
YoY Change | ||
Interest Expense | $335.0K | $317.0K |
YoY Change | 5.68% | -1.86% |
% of Operating Profit | ||
Other Income/Expense, Net | ||
YoY Change | ||
Pretax Income | $2.894M | $1.978M |
YoY Change | 46.31% | 37.94% |
Income Tax | $1.125M | $750.0K |
% Of Pretax Income | 38.87% | 37.92% |
Net Earnings | $1.769M | $1.228M |
YoY Change | 44.06% | 35.24% |
Net Earnings / Revenue | 25.47% | 18.77% |
Basic Earnings Per Share | $0.10 | $0.08 |
Diluted Earnings Per Share | $0.10 | $0.08 |
COMMON SHARES | ||
Basic Shares Outstanding | 16.05M shares | 15.58M shares |
Diluted Shares Outstanding | 15.58M shares |
Balance Sheet
Concept | 2016 Q1 | 2015 Q1 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | ||
YoY Change | ||
Cash & Equivalents | $125.5M | $85.48M |
Short-Term Investments | ||
Other Short-Term Assets | ||
YoY Change | ||
Inventory | ||
Prepaid Expenses | ||
Receivables | ||
Other Receivables | ||
Total Short-Term Assets | ||
YoY Change | ||
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $10.70M | $11.33M |
YoY Change | -5.57% | -5.63% |
Goodwill | $4.488M | |
YoY Change | 0.0% | |
Intangibles | ||
YoY Change | ||
Long-Term Investments | $1.000M | $1.000M |
YoY Change | 0.0% | -77.78% |
Other Assets | $5.100M | $6.800M |
YoY Change | -25.0% | -42.37% |
Total Long-Term Assets | ||
YoY Change | ||
TOTAL ASSETS | ||
Total Short-Term Assets | ||
Total Long-Term Assets | ||
Total Assets | $741.8M | $678.4M |
YoY Change | 9.34% | 2.34% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $5.100M | $5.800M |
YoY Change | -12.07% | 1.75% |
Accrued Expenses | ||
YoY Change | ||
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | ||
YoY Change | ||
Long-Term Debt Due | ||
YoY Change | ||
Total Short-Term Liabilities | $5.100M | $5.800M |
YoY Change | -12.07% | 1.75% |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $7.900M | $10.20M |
YoY Change | -22.55% | -11.3% |
Other Long-Term Liabilities | ||
YoY Change | ||
Total Long-Term Liabilities | $7.900M | $10.20M |
YoY Change | -22.55% | -11.3% |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $5.100M | $5.800M |
Total Long-Term Liabilities | $7.900M | $10.20M |
Total Liabilities | $650.3M | $594.3M |
YoY Change | 9.43% | 1.5% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | $34.13M | |
YoY Change | 10.31% | |
Common Stock | $50.11M | |
YoY Change | 7.43% | |
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | ||
YoY Change | ||
Treasury Stock Shares | ||
Shareholders Equity | $91.45M | $84.14M |
YoY Change | ||
Total Liabilities & Shareholders Equity | $741.8M | $678.4M |
YoY Change | 9.34% | 2.34% |
Cashflow Statement
Concept | 2016 Q1 | 2015 Q1 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | $1.769M | $1.228M |
YoY Change | 44.06% | 35.24% |
Depreciation, Depletion And Amortization | $360.0K | $360.0K |
YoY Change | 0.0% | 9.09% |
Cash From Operating Activities | -$239.0K | $2.064M |
YoY Change | -111.58% | -1.76% |
INVESTING ACTIVITIES | ||
Capital Expenditures | -$230.0K | $136.0K |
YoY Change | -269.12% | -36.74% |
Acquisitions | ||
YoY Change | ||
Other Investing Activities | -$15.32M | -$32.92M |
YoY Change | -53.46% | 25.27% |
Cash From Investing Activities | -$15.55M | -$33.06M |
YoY Change | -52.98% | 24.75% |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | ||
YoY Change | ||
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | $15.52M | $12.90M |
YoY Change | 20.37% | -50.01% |
NET CHANGE | ||
Cash From Operating Activities | -$239.0K | $2.064M |
Cash From Investing Activities | -$15.55M | -$33.06M |
Cash From Financing Activities | $15.52M | $12.90M |
Net Change In Cash | -$262.0K | -$18.10M |
YoY Change | -98.55% | -1397.42% |
FREE CASH FLOW | ||
Cash From Operating Activities | -$239.0K | $2.064M |
Capital Expenditures | -$230.0K | $136.0K |
Free Cash Flow | -$9.000K | $1.928M |
YoY Change | -100.47% | 2.23% |
Facts In Submission
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|
2583000 | USD |
CY2016Q1 | us-gaap |
Financing Receivable Recorded Investment Past Due
FinancingReceivableRecordedInvestmentPastDue
|
1159000 | USD |
CY2015Q1 | us-gaap |
Financing Receivables Impaired Troubled Debt Restructuring Write Down
FinancingReceivablesImpairedTroubledDebtRestructuringWriteDown
|
453000 | USD |
CY2016Q1 | us-gaap |
Held To Maturity Securities
HeldToMaturitySecurities
|
0 | USD |
CY2015Q1 | us-gaap |
Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
|
16901000 | USD |
CY2015 | us-gaap |
Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
|
17462000 | USD |
CY2016Q1 | us-gaap |
Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
|
23483000 | USD |
CY2015 | us-gaap |
Impaired Financing Receivable Interest Income Accrual Method
ImpairedFinancingReceivableInterestIncomeAccrualMethod
|
1440000 | USD |
CY2016Q1 | us-gaap |
Impaired Financing Receivable Interest Income Accrual Method
ImpairedFinancingReceivableInterestIncomeAccrualMethod
|
363000 | USD |
CY2015Q1 | us-gaap |
Impaired Financing Receivable Interest Income Cash Basis Method
ImpairedFinancingReceivableInterestIncomeCashBasisMethod
|
159000 | USD |
CY2016Q1 | us-gaap |
Impaired Financing Receivable Interest Income Cash Basis Method
ImpairedFinancingReceivableInterestIncomeCashBasisMethod
|
149000 | USD |
CY2015Q4 | us-gaap |
Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
|
23679000 | USD |
CY2016Q1 | us-gaap |
Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
|
23287000 | USD |
CY2015Q4 | us-gaap |
Impaired Financing Receivable Related Allowance
ImpairedFinancingReceivableRelatedAllowance
|
3097000 | USD |
CY2016Q1 | us-gaap |
Impaired Financing Receivable Related Allowance
ImpairedFinancingReceivableRelatedAllowance
|
2387000 | USD |
CY2015Q4 | us-gaap |
Impaired Financing Receivable Unpaid Principal Balance
ImpairedFinancingReceivableUnpaidPrincipalBalance
|
23612000 | USD |
CY2016Q1 | us-gaap |
Impaired Financing Receivable Unpaid Principal Balance
ImpairedFinancingReceivableUnpaidPrincipalBalance
|
23228000 | USD |
CY2015Q4 | us-gaap |
Impaired Financing Receivable With No Related Allowance Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceRecordedInvestment
|
7275000 | USD |
CY2016Q1 | us-gaap |
Impaired Financing Receivable With No Related Allowance Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceRecordedInvestment
|
13249000 | USD |
CY2015Q4 | us-gaap |
Impaired Financing Receivable With Related Allowance Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceRecordedInvestment
|
16404000 | USD |
CY2016Q1 | us-gaap |
Impaired Financing Receivable With Related Allowance Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceRecordedInvestment
|
10038000 | USD |
CY2015Q1 | us-gaap |
Impairment Of Investments
ImpairmentOfInvestments
|
0 | USD |
CY2016Q1 | us-gaap |
Impairment Of Investments
ImpairmentOfInvestments
|
0 | USD |
CY2015 | us-gaap |
Impairment Of Real Estate
ImpairmentOfRealEstate
|
188000 | USD |
CY2016Q1 | us-gaap |
Impairment Of Real Estate
ImpairmentOfRealEstate
|
0 | USD |
CY2015Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
1978000 | USD |
CY2016Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
2894000 | USD |
CY2015Q1 | us-gaap |
Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
|
6541000 | USD |
CY2016Q1 | us-gaap |
Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
|
6946000 | USD |
CY2015Q1 | us-gaap |
Interest Expense
InterestExpense
|
317000 | USD |
CY2016Q1 | us-gaap |
Interest Expense
InterestExpense
|
335000 | USD |
CY2015Q1 | us-gaap |
Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
|
5765000 | USD |
CY2016Q1 | us-gaap |
Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
|
6633000 | USD |
CY2015Q1 | us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
6224000 | USD |
CY2016Q1 | us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
6611000 | USD |
CY2015Q4 | us-gaap |
Liabilities
Liabilities
|
636009000 | USD |
CY2016Q1 | us-gaap |
Liabilities
Liabilities
|
650337000 | USD |
CY2015Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
725644000 | USD |
CY2016Q1 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
741791000 | USD |
CY2015Q4 | us-gaap |
Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
|
8300000 | USD |
CY2016Q1 | us-gaap |
Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
|
7948000 | USD |
CY2015Q1 | us-gaap |
Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
|
492245000 | USD |
CY2015Q4 | us-gaap |
Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
|
505663000 | USD |
CY2016Q1 | us-gaap |
Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
|
508571000 | USD |
CY2015Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
12895000 | USD |
CY2016Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
15522000 | USD |
CY2015Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-33058000 | USD |
CY2016Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-15545000 | USD |
CY2015Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
2064000 | USD |
CY2016Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-239000 | USD |
us-gaap |
Net Income Loss
NetIncomeLoss
|
5582000 | USD | |
CY2015Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
1228000 | USD |
CY2016Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
1769000 | USD |
CY2015Q1 | us-gaap |
Noninterest Expense
NoninterestExpense
|
4708000 | USD |
CY2016Q1 | us-gaap |
Noninterest Expense
NoninterestExpense
|
5300000 | USD |
CY2015Q1 | us-gaap |
Noninterest Income
NoninterestIncome
|
921000 | USD |
CY2016Q1 | us-gaap |
Noninterest Income
NoninterestIncome
|
1561000 | USD |
CY2015Q4 | us-gaap |
Notes Receivable Net
NotesReceivableNet
|
94205000 | USD |
CY2016Q1 | us-gaap |
Notes Receivable Net
NotesReceivableNet
|
106248000 | USD |
us-gaap |
Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
|
-110000 | USD | |
CY2015Q1 | us-gaap |
Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
|
83000 | USD |
CY2016Q1 | us-gaap |
Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
|
42000 | USD |
CY2015Q1 | us-gaap |
Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
|
139000 | USD |
CY2016Q1 | us-gaap |
Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
|
71000 | USD |
CY2015Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
83000 | USD |
CY2016Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
42000 | USD |
CY2015Q1 | us-gaap |
Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
|
-459000 | USD |
CY2016Q1 | us-gaap |
Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
|
22000 | USD |
us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
19000 | USD | |
CY2015Q1 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
7000 | USD |
CY2016Q1 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
8000 | USD |
us-gaap |
Stock Issued During Period Value Stock Dividend
StockIssuedDuringPeriodValueStockDividend
|
0 | USD | |
CY2015Q1 | us-gaap |
Stock Issued During Period Value Stock Dividend
StockIssuedDuringPeriodValueStockDividend
|
0 | USD |
CY2016Q1 | us-gaap |
Stock Issued During Period Value Stock Dividend
StockIssuedDuringPeriodValueStockDividend
|
0 | USD |
CY2014Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
82826000 | USD |
CY2015Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
84144000 | USD |
CY2015Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
89635000 | USD |
CY2016Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
91454000 | USD |
CY2015Q4 | us-gaap |
Trading Securities
TradingSecurities
|
0 | USD |
CY2016Q1 | us-gaap |
Trading Securities
TradingSecurities
|
0 | USD |
CY2015Q1 | us-gaap |
Unrealized Gain Loss On Securities
UnrealizedGainLossOnSecurities
|
120000 | USD |
CY2016Q1 | us-gaap |
Unrealized Gain Loss On Securities
UnrealizedGainLossOnSecurities
|
59000 | USD |