2019 Q3 Form 10-Q Financial Statement
#000106299319004320 Filed on November 12, 2019
Income Statement
| Concept | 2019 Q3 | 2019 Q1 |
|---|---|---|
| Revenue | $10.44M | $7.990M |
| YoY Change | 20.83% | 33.84% |
| Cost Of Revenue | $5.960M | $4.950M |
| YoY Change | 19.44% | 27.25% |
| Gross Profit | $4.490M | $3.040M |
| YoY Change | 23.01% | 46.15% |
| Gross Profit Margin | 43.01% | 38.05% |
| Selling, General & Admin | $7.060M | $5.490M |
| YoY Change | 62.3% | 83.61% |
| % of Gross Profit | 157.24% | 180.59% |
| Research & Development | ||
| YoY Change | ||
| % of Gross Profit | ||
| Depreciation & Amortization | $239.8K | $250.0K |
| YoY Change | 117.96% | 92.31% |
| % of Gross Profit | 5.34% | 8.22% |
| Operating Expenses | $7.300M | $5.730M |
| YoY Change | 63.68% | 83.65% |
| Operating Profit | -$2.811M | -$2.690M |
| YoY Change | 247.09% | 158.65% |
| Interest Expense | -$110.0K | -$140.0K |
| YoY Change | -15.38% | 27.27% |
| % of Operating Profit | ||
| Other Income/Expense, Net | -$113.5K | |
| YoY Change | ||
| Pretax Income | -$2.920M | -$2.840M |
| YoY Change | 213.98% | 146.96% |
| Income Tax | ||
| % Of Pretax Income | ||
| Net Earnings | -$2.925M | -$2.840M |
| YoY Change | 212.78% | 146.96% |
| Net Earnings / Revenue | -28.02% | -35.54% |
| Basic Earnings Per Share | ||
| Diluted Earnings Per Share | -$69.51K | -$80.16K |
| COMMON SHARES | ||
| Basic Shares Outstanding | ||
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2019 Q3 | 2019 Q1 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $6.870M | $11.03M |
| YoY Change | 55.78% | 1014.14% |
| Cash & Equivalents | $6.871M | $11.03M |
| Short-Term Investments | ||
| Other Short-Term Assets | $2.020M | $380.0K |
| YoY Change | 129.55% | 26.67% |
| Inventory | $1.800M | $2.058M |
| Prepaid Expenses | ||
| Receivables | $4.260M | $3.068M |
| Other Receivables | $0.00 | $0.00 |
| Total Short-Term Assets | $14.94M | $16.54M |
| YoY Change | 48.95% | 238.19% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $1.690M | $1.950M |
| YoY Change | 19.01% | 66.67% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | ||
| YoY Change | ||
| Total Long-Term Assets | $1.690M | $1.945M |
| YoY Change | 19.01% | 66.26% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $14.94M | $16.54M |
| Total Long-Term Assets | $1.690M | $1.945M |
| Total Assets | $16.63M | $18.48M |
| YoY Change | 45.24% | 204.99% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $4.440M | $2.899M |
| YoY Change | 77.6% | 41.41% |
| Accrued Expenses | $1.030M | $1.095M |
| YoY Change | 33.77% | 33.59% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $4.010M | $3.130M |
| YoY Change | 53.64% | 15.07% |
| Long-Term Debt Due | ||
| YoY Change | ||
| Total Short-Term Liabilities | $9.477M | $7.126M |
| YoY Change | 59.82% | 27.24% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Other Long-Term Liabilities | $10.00K | |
| YoY Change | ||
| Total Long-Term Liabilities | $10.00K | $0.00 |
| YoY Change | ||
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $9.477M | $7.126M |
| Total Long-Term Liabilities | $10.00K | $0.00 |
| Total Liabilities | $9.490M | $7.126M |
| YoY Change | 60.03% | 27.24% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | -$38.69M | |
| YoY Change | ||
| Common Stock | $39.57K | |
| YoY Change | ||
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | $7.143M | $11.36M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $16.63M | $18.48M |
| YoY Change | 45.24% | 204.99% |
Cashflow Statement
| Concept | 2019 Q3 | 2019 Q1 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$2.925M | -$2.840M |
| YoY Change | 212.78% | 146.96% |
| Depreciation, Depletion And Amortization | $239.8K | $250.0K |
| YoY Change | 117.96% | 92.31% |
| Cash From Operating Activities | -$4.580M | -$3.270M |
| YoY Change | 284.87% | 138.69% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | -$170.0K | -$190.0K |
| YoY Change | 88.89% | 216.67% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | ||
| YoY Change | ||
| Cash From Investing Activities | -$170.0K | -$190.0K |
| YoY Change | 88.89% | 216.67% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | 1.620M | 11.40M |
| YoY Change | -44.9% | 475.76% |
| NET CHANGE | ||
| Cash From Operating Activities | -4.580M | -3.270M |
| Cash From Investing Activities | -170.0K | -190.0K |
| Cash From Financing Activities | 1.620M | 11.40M |
| Net Change In Cash | -3.130M | 7.940M |
| YoY Change | -288.55% | 1343.64% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | -$4.580M | -$3.270M |
| Capital Expenditures | -$170.0K | -$190.0K |
| Free Cash Flow | -$4.410M | -$3.080M |
| YoY Change | 300.91% | 135.11% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| dei |
Security12b Title
Security12bTitle
|
Common stock, par value $0.001 per share | ||
| dei |
Entity Ex Transition Period
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false | ||
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Cash Equivalents At Carrying Value
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6870906 | USD |
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Cash Equivalents At Carrying Value
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|
11032451 | USD |
| CY2019Q3 | wter |
Operating Lease Right Of Use Asset Noncurrent
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6526 | USD |
| CY2019Q3 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
9477361 | USD |
| CY2019Q1 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
7125695 | USD |
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Operating Lease Liability Noncurrent
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7843 | USD |
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Preferred Stock Par Or Stated Value Per Share
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|
0.001 | |
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Preferred Stock Par Or Stated Value Per Share
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|
0.001 | |
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Preferred Stock Shares Authorized
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|
100000000 | shares |
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Preferred Stock Shares Authorized
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100000000 | shares |
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Preferred Stock Value
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|
5300 | USD |
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Preferred Stock Value
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5300 | USD |
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Common Stock Par Or Stated Value Per Share
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|
0.001 | |
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Common Stock Par Or Stated Value Per Share
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|
0.001 | |
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Common Stock Shares Authorized
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Common Stock Shares Authorized
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200000000 | shares |
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Common Stock Shares Outstanding
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Common Stock Shares Outstanding
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Common Stock Shares Issued
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Increase Decrease In Inventories
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Proceeds From Revolving Financing
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876919 | USD | |
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Income Taxes Paid Net
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|
0 | USD | |
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Income Taxes Paid Net
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|
0 | USD | |
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Finance Lease Right Of Use Asset
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|
84832 | USD |
| CY2019Q3 | us-gaap |
Lease Deposit Liability
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|
98095 | USD |
| us-gaap |
Line Of Credit Facility Interest Rate Description
LineOfCreditFacilityInterestRateDescription
|
The principal amount of the Revolving Facility outstanding bears interest at a rate per annum equal to (i) a fluctuating interest rate per annum equal at all times to the rate of interest announced, from time to time, within Wells Fargo Bank at its principal office in San Francisco as its "prime rate," plus (ii) 3.25%, payable monthly in arrears. The interest rate as of September 30, 2019 was 8.25%. | ||
| us-gaap |
Operating Lease Expense
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|
43753 | USD | |
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Short Term Lease Cost
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|
23597 | USD | |
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Operating Lease Payments
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Lessee Operating Lease Liability Undiscounted Excess Amount
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Lessee Operating Lease Liability Payments Due
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98096 | USD |
