2017 Form 10-K Financial Statement

#000143774918006000 Filed on April 02, 2018

View on sec.gov

Income Statement

Concept 2017 2016 Q4 2016
Revenue $56.24M $21.44M $64.27M
YoY Change -12.5% 34.93% 8.26%
Cost Of Revenue $42.48M $15.49M $47.15M
YoY Change -9.9% 38.92% 9.62%
Gross Profit $13.75M $5.950M $17.12M
YoY Change -19.65% 25.53% 4.69%
Gross Profit Margin 24.46% 27.75% 26.64%
Selling, General & Admin $11.30M $4.040M $12.13M
YoY Change -6.85% 6.32% 13.91%
% of Gross Profit 82.12% 67.9% 70.84%
Research & Development $345.0K $496.0K
YoY Change -30.44% -21.64%
% of Gross Profit 2.51% 2.9%
Depreciation & Amortization $1.546M $270.0K $1.421M
YoY Change 8.84% -32.5% 0.84%
% of Gross Profit 11.24% 4.54% 8.3%
Operating Expenses $13.13M $4.040M $14.28M
YoY Change -8.08% 6.32% 5.5%
Operating Profit $629.8K $1.910M $2.840M
YoY Change -77.82% 103.19% 0.83%
Interest Expense $1.576M -$340.0K $1.455M
YoY Change 8.36% -34.62% 2.04%
% of Operating Profit 250.29% -17.8% 51.22%
Other Income/Expense, Net -$1.701M -$1.515M
YoY Change 12.29% 0.38%
Pretax Income -$1.071M $1.580M $1.325M
YoY Change -180.87% 285.37% 1.34%
Income Tax $711.5K $720.0K $702.9K
% Of Pretax Income 45.57% 53.05%
Net Earnings -$1.600M $910.0K $700.0K
YoY Change -328.57% 82.0% -33.16%
Net Earnings / Revenue -2.85% 4.24% 1.09%
Basic Earnings Per Share -$0.45 $0.18
Diluted Earnings Per Share -$0.44 $212.1K $0.18
COMMON SHARES
Basic Shares Outstanding 3.569M 3.524M shares 3.566M
Diluted Shares Outstanding 3.616M 3.728M

Balance Sheet

Concept 2017 2016 Q4 2016
SHORT-TERM ASSETS
Cash & Short-Term Investments $180.0K $560.0K $560.0K
YoY Change -67.86% 60.0% 60.0%
Cash & Equivalents $180.0K $563.0K $560.0K
Short-Term Investments
Other Short-Term Assets $2.010M $530.7K $1.210M
YoY Change 66.12% -46.47% -56.94%
Inventory $18.87M $18.35M $18.35M
Prepaid Expenses $678.7K
Receivables $11.24M $14.84M $14.84M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $32.29M $34.96M $34.96M
YoY Change -7.64% 7.78% 7.77%
LONG-TERM ASSETS
Property, Plant & Equipment $4.560M $5.311M $5.310M
YoY Change -14.12% -18.95% -18.93%
Goodwill $1.473M
YoY Change 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.610M $473.1K $2.120M
YoY Change -24.06% 95.28% 63.08%
Total Long-Term Assets $7.690M $8.954M $8.950M
YoY Change -14.08% -4.41% -4.38%
TOTAL ASSETS
Total Short-Term Assets $32.29M $34.96M $34.96M
Total Long-Term Assets $7.690M $8.954M $8.950M
Total Assets $39.98M $43.91M $43.91M
YoY Change -8.95% 5.04% 5.05%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $5.410M $5.862M $5.860M
YoY Change -7.68% 37.22% 37.24%
Accrued Expenses $2.050M $3.127M $3.130M
YoY Change -34.5% 6.29% 6.46%
Deferred Revenue
YoY Change
Short-Term Debt $13.78M $11.26M $11.26M
YoY Change 22.38% 2.83% 2.83%
Long-Term Debt Due $960.0K $1.938M $1.940M
YoY Change -50.52% 251.72% 252.73%
Total Short-Term Liabilities $22.66M $23.88M $23.88M
YoY Change -5.11% 18.21% 18.22%
LONG-TERM LIABILITIES
Long-Term Debt $6.670M $7.239M $6.940M
YoY Change -3.89% -12.8% -16.39%
Other Long-Term Liabilities $210.0K $1.120M $1.120M
YoY Change -81.25% 57.75% 57.75%
Total Long-Term Liabilities $6.880M $8.057M $8.060M
YoY Change -14.64% -10.63% -10.54%
TOTAL LIABILITIES
Total Short-Term Liabilities $22.66M $23.88M $23.88M
Total Long-Term Liabilities $6.880M $8.057M $8.060M
Total Liabilities $28.62M $31.94M $31.20M
YoY Change -8.27% 9.31% 7.51%
SHAREHOLDERS EQUITY
Retained Earnings $2.323M
YoY Change 39.06%
Common Stock $16.15M
YoY Change 5.18%
Preferred Stock
YoY Change
Treasury Stock (at cost) $160.8K
YoY Change 0.0%
Treasury Stock Shares
Shareholders Equity $11.36M $12.72M $12.72M
YoY Change
Total Liabilities & Shareholders Equity $39.98M $43.91M $43.91M
YoY Change -8.95% 5.04% 5.05%

Cashflow Statement

Concept 2017 2016 Q4 2016
OPERATING ACTIVITIES
Net Income -$1.600M $910.0K $700.0K
YoY Change -328.57% 82.0% -33.16%
Depreciation, Depletion And Amortization $1.546M $270.0K $1.421M
YoY Change 8.84% -32.5% 0.84%
Cash From Operating Activities $1.259M -$200.0K -$448.9K
YoY Change -380.57% -74.68% -117.26%
INVESTING ACTIVITIES
Capital Expenditures $753.2K -$70.00K $630.2K
YoY Change 19.52% -66.67% -7.59%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00 $700.0K
YoY Change -100.0%
Cash From Investing Activities -$753.2K -$70.00K $65.45K
YoY Change -1250.85% -66.67% -109.62%
FINANCING ACTIVITIES
Cash Dividend Paid $0.00
YoY Change -100.0%
Common Stock Issuance & Retirement, Net $0.00 $638.3K
YoY Change -100.0%
Debt Paid & Issued, Net $8.663M $1.529M
YoY Change 466.61% 187.29%
Cash From Financing Activities 302.0K 240.0K 681.1K
YoY Change -55.66% -77.98% -140.3%
NET CHANGE
Cash From Operating Activities 1.259M -200.0K -448.9K
Cash From Investing Activities -753.2K -70.00K 65.45K
Cash From Financing Activities 302.0K 240.0K 681.1K
Net Change In Cash 808.2K -30.00K 297.7K
YoY Change 171.51% -133.33% 29.42%
FREE CASH FLOW
Cash From Operating Activities $1.259M -$200.0K -$448.9K
Capital Expenditures $753.2K -$70.00K $630.2K
Free Cash Flow $506.2K -$130.0K -$1.079M
YoY Change -146.91% -77.59% -156.26%

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CY2017Q4 us-gaap Due To Affiliate Current
DueToAffiliateCurrent
9615
CY2016Q4 us-gaap Due To Affiliate Current
DueToAffiliateCurrent
8141
CY2017Q4 us-gaap Due To Affiliate Noncurrent
DueToAffiliateNoncurrent
212545
CY2016Q4 us-gaap Due To Affiliate Noncurrent
DueToAffiliateNoncurrent
218858
CY2017Q4 us-gaap Due To Related Parties Noncurrent
DueToRelatedPartiesNoncurrent
1507000
CY2016Q4 us-gaap Due To Related Parties Noncurrent
DueToRelatedPartiesNoncurrent
1416000
CY2017 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.45
CY2016 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.18
CY2017 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.44
CY2016 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.18
CY2017 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-1190234
CY2016 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-81033
CY2017 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.34
CY2017Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
364000
CY2017 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-19999
CY2016 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
103636
CY2017 us-gaap Finitelived Intangible Assets Acquired1
FinitelivedIntangibleAssetsAcquired1
0
CY2017 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-144855
CY2016 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
43263
CY2017 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
140494
CY2016 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
36745
CY2017 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
7657338
CY2016 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
7378296
CY2017Q4 us-gaap Goodwill
Goodwill
1473176
CY2016Q4 us-gaap Goodwill
Goodwill
1473176
CY2017 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-60695
CY2016 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
67768
CY2017Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
0
CY2016Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
0
CY2017 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2016 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2017 us-gaap Gross Profit
GrossProfit
13754850
CY2016 us-gaap Gross Profit
GrossProfit
17119007
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-1071324
CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1324813
CY2017 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
711533
CY2016 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
702877
CY2017 us-gaap Income Tax Expense Benefit Continuing Operations Adjustment Of Deferred Tax Asset Liability
IncomeTaxExpenseBenefitContinuingOperationsAdjustmentOfDeferredTaxAssetLiability
200000
CY2017 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
586706
CY2016 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
CY2017 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
522803
CY2016 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
132905
CY2017 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-372364
CY2016 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
450464
CY2017 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
35083
CY2016 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
51741
CY2017 us-gaap Income Taxes Paid
IncomeTaxesPaid
300000
CY2016 us-gaap Income Taxes Paid
IncomeTaxesPaid
CY2017 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
-564333
CY2016 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
2070011
CY2017 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-3878170
CY2016 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
4083379
CY2017 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-1157701
CY2016 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
99005
CY2017 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
222491
CY2016 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
1364450
CY2017 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
690015
CY2016 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-473328
CY2017 us-gaap Indefinitelived Intangible Assets Acquired
IndefinitelivedIntangibleAssetsAcquired
0
CY2017 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
11000
CY2016 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
33000
CY2017 us-gaap Interest Expense
InterestExpense
1576229
CY2016 us-gaap Interest Expense
InterestExpense
1454589
CY2017 us-gaap Interest Expense Related Party
InterestExpenseRelatedParty
94000
CY2016 us-gaap Interest Expense Related Party
InterestExpenseRelatedParty
93000
CY2017 us-gaap Interest Paid Net
InterestPaidNet
1426743
CY2016 us-gaap Interest Paid Net
InterestPaidNet
910414
CY2017Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
13347620
CY2016Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
13889328
CY2017 us-gaap Inventory Lifo Reserve Effect On Income Net
InventoryLIFOReserveEffectOnIncomeNet
-295430
CY2016 us-gaap Inventory Lifo Reserve Effect On Income Net
InventoryLIFOReserveEffectOnIncomeNet
-11294
CY2017Q4 us-gaap Inventory Net
InventoryNet
18865932
CY2016Q4 us-gaap Inventory Net
InventoryNet
18348011
CY2017Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
2632415
CY2016Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
3310310
CY2017Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
500181
CY2017 us-gaap Legal Fees
LegalFees
154000
CY2016 us-gaap Legal Fees
LegalFees
188000
CY2017Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
39984038
CY2016 us-gaap Net Income Loss
NetIncomeLoss
652538
CY2017 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-179754
CY2017Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
3386078
CY2016Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
1942600
CY2017Q4 us-gaap Land
Land
250000
CY2016Q4 us-gaap Land
Land
250000
CY2017Q4 us-gaap Leasehold Improvements Gross
LeaseholdImprovementsGross
402963
CY2016Q4 us-gaap Leasehold Improvements Gross
LeaseholdImprovementsGross
395603
CY2016Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
43913739
CY2017Q4 us-gaap Liabilities Current
LiabilitiesCurrent
22660880
CY2016Q4 us-gaap Liabilities Current
LiabilitiesCurrent
23879584
CY2017Q4 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
6878898
CY2016Q4 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
8056578
CY2017Q4 us-gaap Lines Of Credit Current
LinesOfCreditCurrent
13783930
CY2016Q4 us-gaap Lines Of Credit Current
LinesOfCreditCurrent
11263531
CY2017Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
6474000
CY2016Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
6941000
CY2017Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
1247000
CY2016Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
1938000
CY2017Q4 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
7721000
CY2016Q4 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
8879000
CY2017Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
6878898
CY2016Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
7238698
CY2017Q4 us-gaap Long Term Notes Payable
LongTermNotesPayable
4951581
CY2016Q4 us-gaap Long Term Notes Payable
LongTermNotesPayable
5301491
CY2017 us-gaap Loss Contingency Disclosures
LossContingencyDisclosures
<div style="display: inline; font-family: times new roman; font-size: 10pt"><table border="0" cellpadding="0" cellspacing="0" style=";text-indent:0;font-family:'Times New Roman', Times, serif;font-size:10pt; min-width: 700px;"> <tr> <td style="vertical-align:top;width:3.8%;"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">19</div></div><div style="display: inline; font-family:'Times New Roman', Times, serif;font-size:10pt;"><div style="display: inline; font-weight: bold;">.</div></div></div> </td> <td style="vertical-align:top;width:96.1%;"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;"><div style="display: inline; font-weight: bold;">Contingencies</div></div> </td> </tr> </table> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;"><div style="display: inline; font-weight: bold;">&nbsp;</div></div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">In the ordinary conduct of our business, we are from time to time subject to lawsuits, investigations and claims, including <div style="display: inline; font-family:'Times New Roman', Times, serif;font-size:10pt;">environmental claims and employee-related matters. Although we cannot predict with certainty the ultimate resolution of lawsuits, investigations and claims asserted against us, including civil penalties or other enforcement actions, we do <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">not</div> believe that any currently pending legal proceeding or proceedings to which we are a party will have a material adverse effect on our business, financial condition or results of operations.</div></div></div>
CY2017Q4 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
23439781
CY2016Q4 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
26348443
CY2017 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
1971420
CY2016 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
2189620
CY2017Q4 us-gaap Minority Interest
MinorityInterest
-919570
CY2016Q4 us-gaap Minority Interest
MinorityInterest
-739816
CY2017 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
302017
CY2016 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
681100
CY2017 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-753199
CY2016 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
65447
CY2017 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
1259399
CY2016 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-448875
CY2017 us-gaap Net Income Loss
NetIncomeLoss
-1603103
CY2016 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-30602
CY2017 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-1603103
CY2016 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
652538
CY2017 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-1603103
CY2016 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
652538
CY2017Q4 us-gaap Notes Payable Related Parties Noncurrent
NotesPayableRelatedPartiesNoncurrent
1507362
CY2017 us-gaap Noncash Or Part Noncash Acquisition Accounts Receivable Acquired1
NoncashOrPartNoncashAcquisitionAccountsReceivableAcquired1
CY2016 us-gaap Noncash Or Part Noncash Acquisition Accounts Receivable Acquired1
NoncashOrPartNoncashAcquisitionAccountsReceivableAcquired1
183750
CY2017 us-gaap Noncash Or Part Noncash Acquisition Debt Assumed1
NoncashOrPartNoncashAcquisitionDebtAssumed1
CY2016 us-gaap Noncash Or Part Noncash Acquisition Debt Assumed1
NoncashOrPartNoncashAcquisitionDebtAssumed1
43750
CY2017 us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
186409
CY2016 us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
13522
CY2017 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-1701085
CY2016 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-1514962
CY2017Q4 us-gaap Notes Payable Current
NotesPayableCurrent
942533
CY2016Q4 us-gaap Notes Payable Current
NotesPayableCurrent
1709220
CY2017Q4 us-gaap Notes Payable Related Parties Classified Current
NotesPayableRelatedPartiesClassifiedCurrent
CY2016Q4 us-gaap Notes Payable Related Parties Classified Current
NotesPayableRelatedPartiesClassifiedCurrent
180000
CY2016Q4 us-gaap Notes Payable Related Parties Noncurrent
NotesPayableRelatedPartiesNoncurrent
1416138
CY2017 us-gaap Operating Expenses
OperatingExpenses
13125089
CY2016 us-gaap Operating Expenses
OperatingExpenses
14279232
CY2017 us-gaap Operating Income Loss
OperatingIncomeLoss
629761
CY2016 us-gaap Operating Income Loss
OperatingIncomeLoss
2839775
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Receivable
OperatingLeasesFutureMinimumPaymentsReceivable
4823000
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Receivable Current
OperatingLeasesFutureMinimumPaymentsReceivableCurrent
1443000
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Four Years
OperatingLeasesFutureMinimumPaymentsReceivableInFourYears
805000
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Three Years
OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears
947000
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Two Years
OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears
1427000
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Receivable Thereafter
OperatingLeasesFutureMinimumPaymentsReceivableThereafter
201000
CY2017 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
1.40
CY2017Q4 us-gaap Other Assets Current
OtherAssetsCurrent
1120808
CY2016Q4 us-gaap Other Assets Current
OtherAssetsCurrent
530669
CY2017Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
560329
CY2016Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
473095
CY2016 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-1517560
CY2017 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
228514
CY2017 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
228514
CY2016 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-1517560
CY2017 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
0
CY2016 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
0
CY2017 us-gaap Other Operating Income
OtherOperatingIncome
1416
CY2016 us-gaap Other Operating Income
OtherOperatingIncome
CY2017 us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
CY2016 us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
467000
CY2017 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
299824
CY2016 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
9953
CY2017 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
753199
CY2016 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
630187
CY2017Q4 us-gaap Preferred Stock No Par Value
PreferredStockNoParValue
0
CY2016Q4 us-gaap Preferred Stock No Par Value
PreferredStockNoParValue
0
CY2017Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
3000000
CY2016Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
3000000
CY2017Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2016Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2017Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2016Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2017Q4 us-gaap Preferred Stock Value
PreferredStockValue
CY2016Q4 us-gaap Preferred Stock Value
PreferredStockValue
CY2017Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
887885
CY2016Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
678689
CY2017 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
CY2016 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
638323
CY2017 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
7507362
CY2016 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
1180000
CY2017 us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
515912
CY2016 us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
288750
CY2017 us-gaap Proceeds From Repayments Of Bank Overdrafts
ProceedsFromRepaymentsOfBankOverdrafts
-1233825
CY2016 us-gaap Proceeds From Repayments Of Bank Overdrafts
ProceedsFromRepaymentsOfBankOverdrafts
206848
CY2017 us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
2466652
CY2016 us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
373059
CY2017 us-gaap Proceeds From Sale Of Notes Receivable
ProceedsFromSaleOfNotesReceivable
8740
CY2016 us-gaap Proceeds From Sale Of Notes Receivable
ProceedsFromSaleOfNotesReceivable
CY2017 us-gaap Profit Loss
ProfitLoss
-1782857
CY2016 us-gaap Profit Loss
ProfitLoss
621936
CY2017 us-gaap Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
813697
CY2016 us-gaap Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
CY2017 us-gaap Property Plant And Equipment Disposals
PropertyPlantAndEquipmentDisposals
7620697
CY2016 us-gaap Property Plant And Equipment Disposals
PropertyPlantAndEquipmentDisposals
775000
CY2016Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
38249655
CY2015Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
39025000
CY2017Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
31442720
CY2017Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
4556581
CY2016Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
5311388
CY2017 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-29227
CY2016 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
26318
CY2017 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
8663000
CY2016 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
1528927
CY2017 us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
CY2016 us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
CY2017 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
345000
CY2016 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
496000
CY2017Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
720223
CY2016Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
2323326
CY2017 us-gaap Sale Leaseback Transaction Net Proceeds Investing Activities
SaleLeasebackTransactionNetProceedsInvestingActivities
CY2016 us-gaap Sale Leaseback Transaction Net Proceeds Investing Activities
SaleLeasebackTransactionNetProceedsInvestingActivities
783134
CY2017 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
56236560
CY2016 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
64268367
CY2017 us-gaap Selling Expense
SellingExpense
3638241
CY2016 us-gaap Selling Expense
SellingExpense
4748061
CY2017 us-gaap Share Based Compensation
ShareBasedCompensation
CY2016 us-gaap Share Based Compensation
ShareBasedCompensation
34104
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Period1
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1
P3Y
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
50000
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
83275
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
63800
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
103463
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
5.20
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
5.26
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
5.38
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
16950
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
6000
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
5.17
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
5.96
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
350000
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
143094
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
154000
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
476144
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
5.22
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
5.25
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
3.97
CY2017 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
CY2016 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
5.15
CY2017 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
3.52
CY2016 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
CY2017 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Expiration Period
SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod
P4Y
CY2017 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P3Y273D
CY2017 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Purchase Price Of Common Stock Percent
SharebasedCompensationArrangementBySharebasedPaymentAwardPurchasePriceOfCommonStockPercent
1.1
CY2017 us-gaap Stock Issued1
StockIssued1
CY2016 us-gaap Stock Issued1
StockIssued1
122500
CY2017 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
CY2016 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
4906
CY2016 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
794928
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
11363830
CY2016Q4 us-gaap Stockholders Equity
StockholdersEquity
12717393
CY2017Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
10444260
CY2016Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
11977577
CY2015Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
12589024
CY2017Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
CY2016Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
CY2017Q4 us-gaap Treasury Stock Value
TreasuryStockValue
160784
CY2016Q4 us-gaap Treasury Stock Value
TreasuryStockValue
160784
CY2017Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0
CY2016Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0
CY2017Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
0
CY2016Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
0
CY2017 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
0
CY2016 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
0
CY2017 us-gaap Use Of Estimates
UseOfEstimates
<div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;"><div style="display: inline; font-style: italic;"><div style="display: inline; font-weight: bold;">Use of Estimates</div></div></div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">In preparing financial statements in conformity with accounting principles generally accepted in the United States of America, management makes estimates and assumptions that affect the amounts reported of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements and the reported amount of revenues and expenses during the reporting period in the financial statements and accompanying notes. Actual results <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> may </div>differ from those estimates. The Company<div style="display: inline; font-family:'Times New Roman', Times, serif;font-size:10pt;">&#x2019;s significant estimates include valuation allowances for doubtful accounts, inventory valuation, deferred tax assets, goodwill and intangible asset valuation, and assumptions used as inputs in the </div><div style="display: inline; font-family:'Times New Roman', Times, serif;font-size:10pt;">Black-Scholes option-pricing model</div><div style="display: inline; font-family:'Times New Roman', Times, serif;font-size:10pt;">.</div></div></div></div>
CY2017 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
586706
CY2016 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
CY2017Q4 us-gaap Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
CY2016Q4 us-gaap Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
817880
CY2017 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
47359
CY2016 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
161154
CY2017 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
3616244
CY2016 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
3727554
CY2017 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
3568885
CY2016 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
3566400

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