2017 Q1 Form 10-Q Financial Statement
#000113754717000022 Filed on May 04, 2017
Income Statement
Concept | 2017 Q1 | 2016 Q1 |
---|---|---|
Revenue | $7.633M | $6.946M |
YoY Change | 9.89% | 6.19% |
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 | $320.0K | $360.0K |
YoY Change | -11.11% | 0.0% |
% of Gross Profit | ||
Operating Expenses | ||
YoY Change | ||
Operating Profit | ||
YoY Change | ||
Interest Expense | $405.0K | $335.0K |
YoY Change | 20.9% | 5.68% |
% of Operating Profit | ||
Other Income/Expense, Net | ||
YoY Change | ||
Pretax Income | $2.926M | $2.894M |
YoY Change | 1.11% | 46.31% |
Income Tax | $1.155M | $1.125M |
% Of Pretax Income | 39.47% | 38.87% |
Net Earnings | $1.771M | $1.769M |
YoY Change | 0.11% | 44.06% |
Net Earnings / Revenue | 23.2% | 25.47% |
Basic Earnings Per Share | $0.10 | $0.10 |
Diluted Earnings Per Share | $0.10 | $0.10 |
COMMON SHARES | ||
Basic Shares Outstanding | 16.71M shares | 16.05M shares |
Diluted Shares Outstanding |
Balance Sheet
Concept | 2017 Q1 | 2016 Q1 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | ||
YoY Change | ||
Cash & Equivalents | $133.1M | $125.5M |
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 | $10.80M | $10.70M |
YoY Change | 0.93% | -5.57% |
Goodwill | ||
YoY Change | ||
Intangibles | ||
YoY Change | ||
Long-Term Investments | $1.200M | $1.000M |
YoY Change | 20.0% | 0.0% |
Other Assets | $3.400M | $5.100M |
YoY Change | -33.33% | -25.0% |
Total Long-Term Assets | ||
YoY Change | ||
TOTAL ASSETS | ||
Total Short-Term Assets | ||
Total Long-Term Assets | ||
Total Assets | $784.1M | $741.8M |
YoY Change | 5.7% | 9.34% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $5.900M | $5.100M |
YoY Change | 15.69% | -12.07% |
Accrued Expenses | ||
YoY Change | ||
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | ||
YoY Change | ||
Long-Term Debt Due | ||
YoY Change | ||
Total Short-Term Liabilities | $5.900M | $5.100M |
YoY Change | 15.69% | -12.07% |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $9.200M | $7.900M |
YoY Change | 16.46% | -22.55% |
Other Long-Term Liabilities | ||
YoY Change | ||
Total Long-Term Liabilities | $9.200M | $7.900M |
YoY Change | 16.46% | -22.55% |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $5.900M | $5.100M |
Total Long-Term Liabilities | $9.200M | $7.900M |
Total Liabilities | $685.6M | $650.3M |
YoY Change | 5.42% | 9.43% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | ||
YoY Change | ||
Common Stock | ||
YoY Change | ||
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | ||
YoY Change | ||
Treasury Stock Shares | ||
Shareholders Equity | $98.50M | $91.45M |
YoY Change | ||
Total Liabilities & Shareholders Equity | $784.1M | $741.8M |
YoY Change | 5.7% | 9.34% |
Cashflow Statement
Concept | 2017 Q1 | 2016 Q1 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | $1.771M | $1.769M |
YoY Change | 0.11% | 44.06% |
Depreciation, Depletion And Amortization | $320.0K | $360.0K |
YoY Change | -11.11% | 0.0% |
Cash From Operating Activities | $2.430M | -$239.0K |
YoY Change | -1116.74% | -111.58% |
INVESTING ACTIVITIES | ||
Capital Expenditures | -$680.0K | -$230.0K |
YoY Change | 195.65% | -269.12% |
Acquisitions | ||
YoY Change | ||
Other Investing Activities | $24.43M | -$15.32M |
YoY Change | -259.46% | -53.46% |
Cash From Investing Activities | $23.75M | -$15.55M |
YoY Change | -252.8% | -52.98% |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | ||
YoY Change | ||
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | -$6.082M | $15.52M |
YoY Change | -139.18% | 20.37% |
NET CHANGE | ||
Cash From Operating Activities | $2.430M | -$239.0K |
Cash From Investing Activities | $23.75M | -$15.55M |
Cash From Financing Activities | -$6.082M | $15.52M |
Net Change In Cash | $20.10M | -$262.0K |
YoY Change | -7771.76% | -98.55% |
FREE CASH FLOW | ||
Cash From Operating Activities | $2.430M | -$239.0K |
Capital Expenditures | -$680.0K | -$230.0K |
Free Cash Flow | $3.110M | -$9.000K |
YoY Change | -34655.56% | -100.47% |
Facts In Submission
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3103000 | USD |
CY2017Q1 | us-gaap |
Financing Receivable Recorded Investment Past Due
FinancingReceivableRecordedInvestmentPastDue
|
1990000 | USD |
CY2016Q1 | us-gaap |
Financing Receivables Impaired Troubled Debt Restructuring Write Down
FinancingReceivablesImpairedTroubledDebtRestructuringWriteDown
|
540000 | USD |
CY2017Q1 | us-gaap |
Financing Receivables Impaired Troubled Debt Restructuring Write Down
FinancingReceivablesImpairedTroubledDebtRestructuringWriteDown
|
690000 | USD |
CY2016Q4 | us-gaap |
Held To Maturity Securities
HeldToMaturitySecurities
|
0 | USD |
CY2017Q1 | us-gaap |
Held To Maturity Securities
HeldToMaturitySecurities
|
0 | USD |
CY2016Q1 | us-gaap |
Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
|
23483000 | USD |
CY2016 | us-gaap |
Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
|
19566000 | USD |
CY2017Q1 | us-gaap |
Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
|
16958000 | USD |
CY2016Q1 | us-gaap |
Impaired Financing Receivable Interest Income Accrual Method
ImpairedFinancingReceivableInterestIncomeAccrualMethod
|
363000 | USD |
CY2016 | us-gaap |
Impaired Financing Receivable Interest Income Accrual Method
ImpairedFinancingReceivableInterestIncomeAccrualMethod
|
953000 | USD |
CY2017Q1 | us-gaap |
Impaired Financing Receivable Interest Income Accrual Method
ImpairedFinancingReceivableInterestIncomeAccrualMethod
|
223000 | USD |
CY2016Q1 | us-gaap |
Impaired Financing Receivable Interest Income Cash Basis Method
ImpairedFinancingReceivableInterestIncomeCashBasisMethod
|
149000 | USD |
CY2017Q1 | us-gaap |
Impaired Financing Receivable Interest Income Cash Basis Method
ImpairedFinancingReceivableInterestIncomeCashBasisMethod
|
79000 | USD |
CY2016Q4 | us-gaap |
Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
|
16179000 | USD |
CY2017Q1 | us-gaap |
Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
|
17739000 | USD |
CY2016Q4 | us-gaap |
Impaired Financing Receivable Related Allowance
ImpairedFinancingReceivableRelatedAllowance
|
1360000 | USD |
CY2017Q1 | us-gaap |
Impaired Financing Receivable Related Allowance
ImpairedFinancingReceivableRelatedAllowance
|
1852000 | USD |
CY2016Q4 | us-gaap |
Impaired Financing Receivable Unpaid Principal Balance
ImpairedFinancingReceivableUnpaidPrincipalBalance
|
16144000 | USD |
CY2017Q1 | us-gaap |
Impaired Financing Receivable Unpaid Principal Balance
ImpairedFinancingReceivableUnpaidPrincipalBalance
|
17683000 | USD |
CY2016Q4 | us-gaap |
Impaired Financing Receivable With No Related Allowance Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceRecordedInvestment
|
8616000 | USD |
CY2017Q1 | us-gaap |
Impaired Financing Receivable With No Related Allowance Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceRecordedInvestment
|
10247000 | USD |
CY2016Q4 | us-gaap |
Impaired Financing Receivable With Related Allowance Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceRecordedInvestment
|
7563000 | USD |
CY2017Q1 | us-gaap |
Impaired Financing Receivable With Related Allowance Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceRecordedInvestment
|
7492000 | USD |
CY2016Q1 | us-gaap |
Impairment Of Investments
ImpairmentOfInvestments
|
0 | USD |
CY2017Q1 | us-gaap |
Impairment Of Investments
ImpairmentOfInvestments
|
0 | USD |
CY2016 | us-gaap |
Impairment Of Real Estate
ImpairmentOfRealEstate
|
0 | USD |
CY2017Q1 | us-gaap |
Impairment Of Real Estate
ImpairmentOfRealEstate
|
0 | USD |
CY2016Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
2894000 | USD |
CY2017Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
2926000 | USD |
CY2016Q1 | us-gaap |
Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
|
6946000 | USD |
CY2017Q1 | us-gaap |
Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
|
7633000 | USD |
CY2016Q1 | us-gaap |
Interest Expense
InterestExpense
|
335000 | USD |
CY2017Q1 | us-gaap |
Interest Expense
InterestExpense
|
405000 | USD |
CY2016Q1 | us-gaap |
Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
|
6633000 | USD |
CY2017Q1 | us-gaap |
Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
|
7207000 | USD |
CY2016Q1 | us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
6611000 | USD |
CY2017Q1 | us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
7228000 | USD |
CY2016Q4 | us-gaap |
Liabilities
Liabilities
|
691318000 | USD |
CY2017Q1 | us-gaap |
Liabilities
Liabilities
|
685600000 | USD |
CY2016Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
787972000 | USD |
CY2017Q1 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
784098000 | USD |
CY2016Q4 | us-gaap |
Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
|
8832000 | USD |
CY2017Q1 | us-gaap |
Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
|
9171000 | USD |
CY2017Q1 | us-gaap |
Loans And Leases Receivable Consumer Installment Student
LoansAndLeasesReceivableConsumerInstallmentStudent
|
39684000 | USD |
CY2016Q1 | us-gaap |
Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
|
514678000 | USD |
CY2016Q4 | us-gaap |
Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
|
561932000 | USD |
CY2017Q1 | us-gaap |
Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
|
538800000 | USD |
CY2016Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
15522000 | USD |
CY2017Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-6082000 | USD |
CY2016Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-15545000 | USD |
CY2017Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
23752000 | USD |
CY2016Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-239000 | USD |
CY2017Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
2430000 | USD |
us-gaap |
Net Income Loss
NetIncomeLoss
|
5616000 | USD | |
CY2016Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
1769000 | USD |
CY2017Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
1771000 | USD |
CY2016Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
1769000 | USD |
CY2017Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
1771000 | USD |
CY2016Q1 | us-gaap |
Noninterest Expense
NoninterestExpense
|
5300000 | USD |
CY2017Q1 | us-gaap |
Noninterest Expense
NoninterestExpense
|
5190000 | USD |
CY2016Q1 | us-gaap |
Noninterest Income
NoninterestIncome
|
1561000 | USD |
CY2017Q1 | us-gaap |
Noninterest Income
NoninterestIncome
|
909000 | USD |
CY2016Q4 | us-gaap |
Notes Receivable Net
NotesReceivableNet
|
132936000 | USD |
CY2017Q1 | us-gaap |
Notes Receivable Net
NotesReceivableNet
|
126353000 | USD |
us-gaap |
Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
|
-444000 | USD | |
CY2016Q1 | us-gaap |
Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
|
42000 | USD |
CY2017Q1 | us-gaap |
Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
|
60000 | USD |
CY2016Q1 | us-gaap |
Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodTax
|
5000 | USD |
CY2017Q1 | us-gaap |
Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodTax
|
5000 | USD |
CY2016Q1 | us-gaap |
Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
|
71000 | USD |
CY2017Q1 | us-gaap |
Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
|
100000 | USD |
CY2016Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
42000 | USD |
CY2017Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
60000 | USD |
CY2016Q1 | us-gaap |
Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Net Unamortized Gain Loss Arising During Period Before Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansNetUnamortizedGainLossArisingDuringPeriodBeforeTax
|
12000 | USD |
CY2017Q1 | us-gaap |
Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Net Unamortized Gain Loss Arising During Period Before Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansNetUnamortizedGainLossArisingDuringPeriodBeforeTax
|
13000 | USD |
CY2016Q1 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
|
59000 | USD |
CY2017Q1 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
|
87000 | USD |
CY2016Q1 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
|
24000 | USD |
CY2017Q1 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
|
35000 | USD |
CY2016Q1 | us-gaap |
Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
|
22000 | USD |
CY2017Q1 | us-gaap |
Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
|
-21000 | USD |
CY2016Q1 | us-gaap |
Stock Issued1
StockIssued1
|
787000 | USD |
CY2017Q1 | us-gaap |
Stock Issued1
StockIssued1
|
1220000 | USD |
us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
6000 | USD | |
us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
22000 | USD | |
CY2016Q1 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
8000 | USD |
CY2017Q1 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
7000 | USD |
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 |
CY2017Q1 | us-gaap |
Stock Issued During Period Value Stock Dividend
StockIssuedDuringPeriodValueStockDividend
|
0 | USD |
CY2017Q1 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
6000 | USD |
CY2015Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
89635000 | USD |
CY2016Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
91454000 | USD |
CY2016Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
96654000 | USD |
CY2017Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
98498000 | USD |
CY2016Q4 | us-gaap |
Trading Securities
TradingSecurities
|
0 | USD |
CY2017Q1 | us-gaap |
Trading Securities
TradingSecurities
|
0 | USD |
CY2016Q1 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
3058 | shares |
CY2017Q1 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
13795 | shares |