$UUU
UNIVERSAL SECURITY INSTRUMENTS INC

2016 Q3 Form 10-Q Financial Statement

#000114420417059917 Filed on November 17, 2017

View on sec.gov

Income Statement

Concept 2016 Q3 2016
Revenue $3.278M $13.74M
YoY Change 0.0% 38.91%
Cost Of Revenue $2.970M $9.961M
YoY Change 14.67% 31.7%
Gross Profit $684.7K $3.779M
YoY Change 0.0% 62.34%
Gross Profit Margin 20.88% 27.51%
Selling, General & Admin $1.155M $4.480M
YoY Change 0.09% 7.3%
% of Gross Profit 168.68% 118.55%
Research & Development $182.4K $670.0K
YoY Change 23.94% -13.75%
% of Gross Profit 26.63% 17.73%
Depreciation & Amortization $10.00K $37.53K
YoY Change 0.0% -18.52%
% of Gross Profit 1.46% 0.99%
Operating Expenses $1.337M $5.146M
YoY Change 2.79% 3.9%
Operating Profit -$652.6K -$1.366M
YoY Change 5.89% -47.94%
Interest Expense $30.00K -$771.6K
YoY Change -85.71% -31.63%
% of Operating Profit
Other Income/Expense, Net -$24.55K -$29.77K
YoY Change 422.21% -230.41%
Pretax Income -$60.00K -$2.138M
YoY Change 1176.32% -42.69%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$411.3K $2.138M
YoY Change 0.0% -42.3%
Net Earnings / Revenue -12.55% 15.56%
Basic Earnings Per Share
Diluted Earnings Per Share -$25.97K -$924.3K
COMMON SHARES
Basic Shares Outstanding 2.313M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2016 Q3 2016
SHORT-TERM ASSETS
Cash & Short-Term Investments $140.0K $362.7K
YoY Change -6.67% 633.83%
Cash & Equivalents $141.8K
Short-Term Investments
Other Short-Term Assets $210.0K $410.2K
YoY Change -38.24% -61.69%
Inventory $5.000M $3.883M
Prepaid Expenses
Receivables $200.0K $77.90K
Other Receivables $1.690M $1.852M
Total Short-Term Assets $7.240M $6.586M
YoY Change 3.43% -2.59%
LONG-TERM ASSETS
Property, Plant & Equipment $58.16K $71.56K
YoY Change -35.38% -31.6%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $11.33M $12.42M
YoY Change -11.07% -4.06%
Other Assets $0.00 $6.000K
YoY Change -100.0% -76.92%
Total Long-Term Assets $11.46M $12.56M
YoY Change -11.15% -4.44%
TOTAL ASSETS
Total Short-Term Assets $7.240M $6.586M
Total Long-Term Assets $11.46M $12.56M
Total Assets $18.70M $19.15M
YoY Change -6.02% -3.81%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.290M $1.657M
YoY Change 74.81% 71.08%
Accrued Expenses $110.0K $150.8K
YoY Change -26.67% -16.31%
Deferred Revenue
YoY Change
Short-Term Debt $660.0K $313.9K
YoY Change -34.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $3.070M $2.122M
YoY Change 24.8% 84.69%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $0.00 $0.00
YoY Change
Total Long-Term Liabilities $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $3.070M $2.122M
Total Long-Term Liabilities $0.00 $0.00
Total Liabilities $3.070M $2.122M
YoY Change 24.8% 84.69%
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 $15.63M $17.03M
YoY Change
Total Liabilities & Shareholders Equity $18.70M $19.15M
YoY Change -6.03% -3.81%

Cashflow Statement

Concept 2016 Q3 2016
OPERATING ACTIVITIES
Net Income -$411.3K $2.138M
YoY Change 0.0% -42.3%
Depreciation, Depletion And Amortization $10.00K $37.53K
YoY Change 0.0% -18.52%
Cash From Operating Activities -$860.0K $823.0K
YoY Change 26.47% -160.08%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $160.0K $822.4K
YoY Change -230.14%
Cash From Investing Activities $160.0K $822.4K
YoY Change -230.14%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 660.0K 313.9K
YoY Change 15.79%
NET CHANGE
Cash From Operating Activities -860.0K $823.0K
Cash From Investing Activities 160.0K 822.4K
Cash From Financing Activities 660.0K 313.9K
Net Change In Cash -40.00K $823.0K
YoY Change -63.64% -141.12%
FREE CASH FLOW
Cash From Operating Activities -$860.0K $823.0K
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
us-gaap Interest Expense
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40643 USD
us-gaap Interest Expense
InterestExpense
28785 USD
CY2016Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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-117882 USD
CY2016Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-181948 USD
CY2017Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
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us-gaap Depreciation Depletion And Amortization
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uuu Increase Decrease In Accounts Receivable And Due From Factor
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uuu Increase Decrease In Accounts Receivable And Due From Factor
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us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Cash And Cash Equivalents Period Increase Decrease
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us-gaap Cash And Cash Equivalents Period Increase Decrease
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CY2016Q1 us-gaap Cash And Cash Equivalents At Carrying Value
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CY2016Q3 us-gaap Cash And Cash Equivalents At Carrying Value
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us-gaap Interest Paid Net
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us-gaap Interest Paid Net
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us-gaap Income Taxes Paid
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us-gaap Income Taxes Paid
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us-gaap Increase Decrease In Inventories
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us-gaap Increase Decrease In Inventories
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us-gaap Payments To Acquire Machinery And Equipment
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us-gaap Payments To Acquire Machinery And Equipment
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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uuu Increase Decrease In Working Capital
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CY2017Q3 uuu Working Capital
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CY2017Q3 us-gaap Line Of Credit
LineOfCredit
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CY2017Q3 us-gaap Equity Method Investment Summarized Financial Information Liabilities
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CY2016Q3 us-gaap Equity Method Investment Summarized Financial Information Liabilities
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CY2017Q3 us-gaap Equity Method Investment Summarized Financial Information Current Liabilities
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CY2017Q3 us-gaap Equity Method Investment Summarized Financial Information Assets
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us-gaap Equity Method Investment Summarized Financial Information Gross Profit Loss
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us-gaap Equity Method Investment Summarized Financial Information Gross Profit Loss
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us-gaap Equity Method Investment Summarized Financial Information Revenue
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us-gaap Equity Method Investment Summarized Financial Information Revenue
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uuu Increase Or Decrease In Inter Company Profit In Inventory
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CY2017Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
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CY2017Q3 us-gaap Accounts Notes And Loans Receivable Net Current
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CY2017Q1 us-gaap Common Stock Shares Authorized
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CY2017Q3 us-gaap Common Stock Shares Issued
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CY2017Q1 us-gaap Common Stock Shares Issued
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us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
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us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
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us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
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us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
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us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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us-gaap Proceeds From Repayments Of Lines Of Credit
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us-gaap Line Of Credit Facility Borrowing Capacity Description
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Under the modified Agreement the Company may borrow eighty percent (80%) of eligible accounts receivable. Additional funding, characterized by Merchant as an over advance, may be provided up to one hundred percent (100%) of eligible accounts receivable. The over advance portion, if any, may not exceed fifty percent (50%) of eligible inventory up to a maximum of $500,000.
us-gaap Line Of Credit Facility Interest Rate Description
LineOfCreditFacilityInterestRateDescription
bear interest at the prime commercial rate of interest, as published, plus two percent (Effective rate 6.25% at September 30, 2017).
uuu Accounts Receivables Factoring Agreement Term
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us-gaap Equity Method Investment Summarized Financial Information Net Income Loss
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206428 USD

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