$VWFB
VWF Bancorp, Inc.

2022 Q3 Form 10-K Financial Statement

#000155837022014687 Filed on September 28, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022
Revenue $1.021M $3.200M
YoY Change 29.67% 2.87%
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 $15.19K $15.17K $64.09K
YoY Change -7.6% -9.66%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $71.21K $324.6K
YoY Change -24.66% -28.34%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $181.2K $39.27K -$40.47K
YoY Change 153.99% -113.81%
Income Tax $26.47K $280.00 -$31.33K
% Of Pretax Income 14.6% 0.71%
Net Earnings $154.8K $39.00K -$9.143K
YoY Change 142.07% -103.55%
Net Earnings / Revenue 15.16% -0.29%
Basic Earnings Per Share $0.10
Diluted Earnings Per Share $0.10 $20.28K -$4.753K
COMMON SHARES
Basic Shares Outstanding 1.923M 0.000
Diluted Shares Outstanding 1.519M

Balance Sheet

Concept 2022 Q3 2022 Q2 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $17.44M $36.71M
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 $1.356M $1.372M $1.372M
YoY Change -3.49% -3.49%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $145.8M $149.6M $149.6M
YoY Change 17.56% 17.56%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $417.4K $274.3K $274.3K
YoY Change -16.58%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $417.4K $274.3K $274.3K
YoY Change -16.58%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $473.9K $15.93M $15.93M
YoY Change 2649.99%
Total Long-Term Liabilities $473.9K $15.93M $15.93M
YoY Change 2649.99%
TOTAL LIABILITIES
Total Short-Term Liabilities $417.4K $274.3K $274.3K
Total Long-Term Liabilities $473.9K $15.93M $15.93M
Total Liabilities $106.9M $126.2M $126.2M
YoY Change 23.93% 23.93%
SHAREHOLDERS EQUITY
Retained Earnings $25.62M $25.46M
YoY Change -0.04%
Common Stock $19.23K $0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $38.98M $23.37M $23.37M
YoY Change
Total Liabilities & Shareholders Equity $145.8M $149.6M $149.6M
YoY Change 17.56% 17.56%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022
OPERATING ACTIVITIES
Net Income $154.8K $39.00K -$9.143K
YoY Change 142.07% -103.55%
Depreciation, Depletion And Amortization $15.19K $15.17K $64.09K
YoY Change -7.6% -9.66%
Cash From Operating Activities $1.128M -$241.2K -$537.7K
YoY Change 753.41% -285.34%
INVESTING ACTIVITIES
Capital Expenditures $0.00 -$3.530K $14.56K
YoY Change -100.0% -64.48%
Acquisitions
YoY Change
Other Investing Activities -$17.24M $1.571M $1.184M
YoY Change 945.79% -106.08%
Cash From Investing Activities -$17.24M $1.567M $1.170M
YoY Change 939.5% -105.99%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -3.161M 13.28M 24.42M
YoY Change -883.8% 243.2%
NET CHANGE
Cash From Operating Activities 1.128M -241.2K -537.7K
Cash From Investing Activities -17.24M 1.567M 1.170M
Cash From Financing Activities -3.161M 13.28M 24.42M
Net Change In Cash -19.27M 14.60M 25.05M
YoY Change 1616.42% -306.81%
FREE CASH FLOW
Cash From Operating Activities $1.128M -$241.2K -$537.7K
Capital Expenditures $0.00 -$3.530K $14.56K
Free Cash Flow $1.128M -$237.7K -$552.2K
YoY Change 822.97% -321.69%

Facts In Submission

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CY2022 us-gaap Use Of Estimates
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<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:italic;font-weight:bold;margin:0pt 0pt 12pt 0pt;">Use of Estimates</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:36pt;margin:0pt 0pt 12pt 0pt;">The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and 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. Actual results could differ from those estimates.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:36pt;margin:0pt 0pt 12pt 0pt;">Material estimates that are particularly susceptible to significant change relate to the determination of the allowance for loan losses, valuation of real estate acquired in connection with foreclosures or in satisfaction of loans, valuation of deferred tax assets and fair values of financial instruments.</p>
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1
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CY2022 us-gaap Available For Sale Debt Securities Gross Unrealized Gain
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807000
CY2021Q2 vwfb Deferred Conversion Costs
DeferredConversionCosts
0

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