$WHLR
Wheeler Real Estate Investment Trust, Inc.

2013 Q3 Form 10-Q Financial Statement

#000119312513331153 Filed on August 12, 2013

View on sec.gov

Income Statement

Concept 2013 Q3 2013 Q2 2012 Q2
Revenue $1.976M $1.629M $485.8K
YoY Change 304.41% 235.31% 15.67%
Cost Of Revenue $380.0K $280.0K $100.0K
YoY Change 216.67% 180.0% -9.09%
Gross Profit $1.590M $1.340M $390.0K
YoY Change 329.73% 243.59% 30.0%
Gross Profit Margin 80.45% 82.26% 80.28%
Selling, General & Admin $2.610M $1.560M $270.0K
YoY Change 645.71% 477.78%
% of Gross Profit 164.15% 116.42% 69.23%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $870.0K $1.010M $180.0K
YoY Change 357.89% 461.11% -5.26%
% of Gross Profit 54.72% 75.37% 46.15%
Operating Expenses $3.897M $2.565M $547.5K
YoY Change 493.35% 368.51% 173.75%
Operating Profit -$1.921M -$936.1K -$61.69K
YoY Change 1042.69% 1417.48% -161.69%
Interest Expense $592.2K $446.1K $197.5K
YoY Change 199.03% 125.82% -194.07%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$2.510M -$1.380M -$260.0K
YoY Change 578.38% 430.77% 160.0%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$1.720M -$1.271M -$259.2K
YoY Change 369.67% 390.28% 159.23%
Net Earnings / Revenue -87.01% -78.02% -53.36%
Basic Earnings Per Share
Diluted Earnings Per Share -$2.915M -$1.954M
COMMON SHARES
Basic Shares Outstanding 3.302M shares 3.302M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2013 Q3 2013 Q2 2012 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.800M $900.0K $100.0K
YoY Change 1700.0% 800.0% -50.0%
Cash & Equivalents $1.821M $865.9K $132.9K
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $903.1K $500.0K
Other Receivables $100.0K
Total Short-Term Assets $2.700M $1.700M $700.0K
YoY Change 285.71% 142.86% -12.5%
LONG-TERM ASSETS
Property, Plant & Equipment $83.60M $51.80M $12.80M
YoY Change 558.27% 304.69% -5.19%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $12.60M $4.200M $1.300M
YoY Change 950.0% 223.08%
Total Long-Term Assets $96.38M $60.63M $14.20M
YoY Change 593.41% 326.96% 4.41%
TOTAL ASSETS
Total Short-Term Assets $2.700M $1.700M $700.0K
Total Long-Term Assets $96.38M $60.63M $14.20M
Total Assets $99.08M $62.33M $14.90M
YoY Change 578.66% 318.31% 3.47%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.700M $1.400M $1.100M
YoY Change 145.45% 27.27%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $2.700M $1.400M $1.100M
YoY Change 107.69% 27.27%
LONG-TERM LIABILITIES
Long-Term Debt $66.80M $39.90M $12.00M
YoY Change 456.67% 232.5% -2.44%
Other Long-Term Liabilities $4.000M $3.400M
YoY Change
Total Long-Term Liabilities $70.80M $43.30M $12.00M
YoY Change 490.0% 260.83% -13.04%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.700M $1.400M $1.100M
Total Long-Term Liabilities $70.80M $43.30M $12.00M
Total Liabilities $73.42M $48.88M $14.20M
YoY Change 413.44% 244.24% 3.65%
SHAREHOLDERS EQUITY
Retained Earnings -$10.28M -$8.073M
YoY Change
Common Stock $71.21K $33.02K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $19.37M $7.527M $600.0K
YoY Change
Total Liabilities & Shareholders Equity $99.08M $62.33M $14.90M
YoY Change 578.66% 318.31% 3.47%

Cashflow Statement

Concept 2013 Q3 2013 Q2 2012 Q2
OPERATING ACTIVITIES
Net Income -$1.720M -$1.271M -$259.2K
YoY Change 369.67% 390.28% 159.23%
Depreciation, Depletion And Amortization $870.0K $1.010M $180.0K
YoY Change 357.89% 461.11% -5.26%
Cash From Operating Activities -$390.0K -$1.240M -$70.00K
YoY Change -657.14% 1671.43% -158.33%
INVESTING ACTIVITIES
Capital Expenditures -$10.08M -$4.160M $0.00
YoY Change -100.0%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$10.08M -$4.160M $0.00
YoY Change -100.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 11.43M 5.200M 30.00K
YoY Change -8264.29% 17233.33% -117.65%
NET CHANGE
Cash From Operating Activities -390.0K -1.240M -70.00K
Cash From Investing Activities -10.08M -4.160M 0.000
Cash From Financing Activities 11.43M 5.200M 30.00K
Net Change In Cash 960.0K -200.0K -40.00K
YoY Change -1471.43% 400.0% -33.33%
FREE CASH FLOW
Cash From Operating Activities -$390.0K -$1.240M -$70.00K
Capital Expenditures -$10.08M -$4.160M $0.00
Free Cash Flow $9.690M $2.920M -$70.00K
YoY Change 13742.86% -4271.43% -153.85%

Facts In Submission

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dei Entity Registrant Name
EntityRegistrantName
Wheeler Real Estate Investment Trust, Inc.
dei Amendment Flag
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dei Entity Filer Category
EntityFilerCategory
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dei Document Fiscal Year Focus
DocumentFiscalYearFocus
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dei Document Type
DocumentType
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dei Document Period End Date
DocumentPeriodEndDate
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dei Entity Central Index Key
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dei Current Fiscal Year End Date
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dei Document Fiscal Period Focus
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CY2012Q2 us-gaap Net Income Loss
NetIncomeLoss
-259232
CY2012Q2 us-gaap Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
400059
CY2012Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
262951
CY2012Q2 us-gaap Income Loss From Continuing Operations Attributable To Noncontrolling Entity
IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity
CY2012Q2 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
0
CY2012Q2 us-gaap Depreciation And Amortization
DepreciationAndAmortization
184908
CY2012Q2 us-gaap Interest Expense
InterestExpense
197543
CY2012Q2 us-gaap Operating Expenses
OperatingExpenses
547504
CY2012Q2 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
CY2012Q2 whlr Property Operating Costs
PropertyOperatingCosts
99645
CY2012Q2 whlr Other Revenues
OtherRevenues
85756
CY2013Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
3301502 shares
CY2013Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.39
CY2013Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
656998 shares
CY2013Q2 us-gaap Revenues
Revenues
1628980
CY2013Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-1293459
CY2013Q2 us-gaap Profit Loss
ProfitLoss
-1382207
CY2013Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-936120
CY2013Q2 us-gaap Net Income Loss
NetIncomeLoss
-1270959
CY2013Q2 us-gaap Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
1425462
CY2013Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
1572775
CY2013Q2 us-gaap Income Loss From Continuing Operations Attributable To Noncontrolling Entity
IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity
-111248
CY2013Q2 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
22903
CY2013Q2 us-gaap Depreciation And Amortization
DepreciationAndAmortization
684554
CY2013Q2 us-gaap Interest Expense
InterestExpense
446087
CY2013Q2 us-gaap Distributed Earnings
DistributedEarnings
361169
CY2013Q2 us-gaap Operating Expenses
OperatingExpenses
2565100
CY2013Q2 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
22500
CY2013Q2 whlr Property Operating Costs
PropertyOperatingCosts
284868
CY2013Q2 whlr Other Revenues
OtherRevenues
203518

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