2019 Q1 Form 10-Q Financial Statement
#000114420419022451 Filed on April 30, 2019
Income Statement
| Concept | 2019 Q1 | 2018 Q4 | 2018 Q1 |
|---|---|---|---|
| Revenue | $9.196M | $9.337M | $6.876M |
| YoY Change | 33.74% | 14.79% | 100.12% |
| Cost Of Revenue | $1.784M | $1.830M | $1.236M |
| YoY Change | 44.34% | -59.71% | -58.14% |
| Gross Profit | $7.412M | $7.510M | $5.640M |
| YoY Change | 31.42% | 109.08% | 1067.7% |
| Gross Profit Margin | 80.6% | 80.43% | 82.02% |
| Selling, General & Admin | $5.156M | $4.630M | $3.685M |
| YoY Change | 39.92% | 53.82% | 81.53% |
| % of Gross Profit | 69.56% | 61.65% | 65.34% |
| Research & Development | |||
| YoY Change | |||
| % of Gross Profit | |||
| Depreciation & Amortization | $26.00K | ||
| YoY Change | -74.0% | ||
| % of Gross Profit | 0.46% | ||
| Operating Expenses | $5.156M | $4.630M | $3.685M |
| YoY Change | 39.92% | 53.82% | 81.53% |
| Operating Profit | $2.256M | $2.880M | $1.954M |
| YoY Change | 15.46% | -19.82% | 304.55% |
| Interest Expense | $0.00 | $0.00 | $115.0K |
| YoY Change | -100.0% | -100.0% | -4.96% |
| % of Operating Profit | 0.0% | 0.0% | 5.89% |
| Other Income/Expense, Net | $880.0K | -$115.0K | |
| YoY Change | -865.22% | -4.96% | |
| Pretax Income | $3.136M | $2.880M | $1.839M |
| YoY Change | 70.53% | -14.03% | 408.01% |
| Income Tax | $786.0K | $260.0K | -$81.00K |
| % Of Pretax Income | 25.06% | 9.03% | -4.4% |
| Net Earnings | $2.350M | $2.622M | $1.920M |
| YoY Change | 22.4% | -20.74% | 443.91% |
| Net Earnings / Revenue | 25.55% | 28.08% | 27.92% |
| Basic Earnings Per Share | $0.07 | $0.06 | |
| Diluted Earnings Per Share | $0.07 | $77.84K | $0.06 |
| COMMON SHARES | |||
| Basic Shares Outstanding | 32.23M | 32.28M shares | 32.60M |
| Diluted Shares Outstanding | 33.72M | 34.41M |
Balance Sheet
| Concept | 2019 Q1 | 2018 Q4 | 2018 Q1 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $9.420M | $10.13M | $4.370M |
| YoY Change | 115.56% | 81.87% | 850.0% |
| Cash & Equivalents | |||
| Short-Term Investments | |||
| Other Short-Term Assets | $740.0K | $570.0K | $620.0K |
| YoY Change | 19.35% | 185.0% | 313.33% |
| Inventory | $968.0K | $837.0K | $710.0K |
| Prepaid Expenses | $568.0K | ||
| Receivables | $3.147M | $2.791M | $2.670M |
| Other Receivables | $0.00 | $0.00 | $0.00 |
| Total Short-Term Assets | $14.27M | $14.32M | $8.360M |
| YoY Change | 70.72% | 71.11% | 129.67% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $791.0K | $819.0K | $580.0K |
| YoY Change | 36.38% | 335.64% | 11.54% |
| Goodwill | |||
| YoY Change | |||
| Intangibles | |||
| YoY Change | |||
| Long-Term Investments | |||
| YoY Change | |||
| Other Assets | $890.0K | $1.040M | $380.0K |
| YoY Change | 134.21% | 181.08% | 533.33% |
| Total Long-Term Assets | $4.593M | $4.927M | $949.0K |
| YoY Change | 383.98% | 782.97% | 55.57% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $14.27M | $14.32M | $8.360M |
| Total Long-Term Assets | $4.593M | $4.927M | $949.0K |
| Total Assets | $18.87M | $19.25M | $9.309M |
| YoY Change | 102.65% | 115.6% | 119.04% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $1.560M | $1.550M | $2.110M |
| YoY Change | -26.07% | -31.42% | -16.27% |
| Accrued Expenses | $1.550M | $1.580M | $660.0K |
| YoY Change | 134.85% | 192.59% | 231.66% |
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | -100.0% | ||
| Long-Term Debt Due | $10.00K | $10.00K | $100.0K |
| YoY Change | -90.0% | -97.14% | -76.19% |
| Total Short-Term Liabilities | $4.453M | $6.983M | $3.750M |
| YoY Change | 18.75% | 73.4% | -45.96% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $10.00K | $10.00K | $0.00 |
| YoY Change | -100.0% | ||
| Other Long-Term Liabilities | $2.790M | $2.970M | $340.0K |
| YoY Change | 720.59% | 25.93% | |
| Total Long-Term Liabilities | $2.800M | $2.980M | $340.0K |
| YoY Change | 723.53% | -29.17% | |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $4.453M | $6.983M | $3.750M |
| Total Long-Term Liabilities | $2.800M | $2.980M | $340.0K |
| Total Liabilities | $7.247M | $9.960M | $4.010M |
| YoY Change | 80.72% | 147.33% | -45.91% |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | $7.214M | $4.864M | $6.000M |
| YoY Change | 20.23% | -301.74% | -163.68% |
| Common Stock | $8.339M | $8.191M | |
| YoY Change | 7.14% | ||
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | $3.846M | $3.675M | $2.000M |
| YoY Change | 92.3% | 1412.35% | |
| Treasury Stock Shares | $1.071M | $1.019M | 495.1K shares |
| Shareholders Equity | $11.71M | $9.380M | $5.300M |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $18.87M | $19.25M | $9.310M |
| YoY Change | 102.63% | 115.6% | 119.32% |
Cashflow Statement
| Concept | 2019 Q1 | 2018 Q4 | 2018 Q1 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | $2.350M | $2.622M | $1.920M |
| YoY Change | 22.4% | -20.74% | 443.91% |
| Depreciation, Depletion And Amortization | $26.00K | ||
| YoY Change | -74.0% | ||
| Cash From Operating Activities | $1.764M | $2.640M | $993.0K |
| YoY Change | 77.64% | -25.0% | 4217.39% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | $46.00K | -$190.0K | $160.0K |
| YoY Change | -71.25% | -416.67% | 180.7% |
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | |||
| YoY Change | |||
| Cash From Investing Activities | -$46.00K | -$190.0K | -$160.0K |
| YoY Change | -71.25% | -416.67% | 180.7% |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | $171.0K | $1.671M | |
| YoY Change | -89.77% | ||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | -2.427M | -410.0K | -2.032M |
| YoY Change | 19.44% | -31.67% | -916.06% |
| NET CHANGE | |||
| Cash From Operating Activities | 1.764M | 2.640M | 993.0K |
| Cash From Investing Activities | -46.00K | -190.0K | -160.0K |
| Cash From Financing Activities | -2.427M | -410.0K | -2.032M |
| Net Change In Cash | -709.0K | 2.040M | -1.199M |
| YoY Change | -40.87% | -31.54% | -657.67% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | $1.764M | $2.640M | $993.0K |
| Capital Expenditures | $46.00K | -$190.0K | $160.0K |
| Free Cash Flow | $1.718M | $2.830M | $833.0K |
| YoY Change | 106.24% | -18.21% | -2550.0% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2019Q1 | us-gaap |
Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
|
1561000 | |
| CY2018Q4 | us-gaap |
Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
|
1552000 | |
| CY2019Q1 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
857000 | |
| CY2018Q4 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
908000 | |
| CY2019Q1 | us-gaap |
Liability For Claims And Claims Adjustment Expense
LiabilityForClaimsAndClaimsAdjustmentExpense
|
0 | |
| CY2018Q4 | us-gaap |
Liability For Claims And Claims Adjustment Expense
LiabilityForClaimsAndClaimsAdjustmentExpense
|
880000 | |
| CY2019Q1 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
4453000 | |
| CY2018Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
6983000 | |
| CY2019Q1 | us-gaap |
Liabilities
Liabilities
|
7247000 | |
| CY2018Q4 | us-gaap |
Liabilities
Liabilities
|
9960000 | |
| CY2019Q1 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
||
| CY2018Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
||
| CY2019Q1 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
8305000 | |
| CY2018Q4 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
8157000 | |
| CY2019Q1 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
7214000 | |
| CY2018Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
4864000 | |
| CY2019Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
11707000 | |
| CY2018Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
9380000 | |
| CY2019Q1 | us-gaap |
Minority Interest
MinorityInterest
|
-89000 | |
| CY2018Q4 | us-gaap |
Minority Interest
MinorityInterest
|
-89000 | |
| CY2019Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
11618000 | |
| CY2019Q1 | us-gaap |
Costs And Expenses
CostsAndExpenses
|
6940000 | |
| CY2018Q1 | us-gaap |
Costs And Expenses
CostsAndExpenses
|
4922000 | |
| CY2019Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
2256000 | |
| CY2018Q1 | us-gaap |
Revenues
Revenues
|
6876000 | |
| CY2019Q1 | us-gaap |
Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
|
1784000 | |
| CY2018Q1 | us-gaap |
Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
|
1236000 | |
| CY2018Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
1954000 | |
| CY2019Q1 | us-gaap |
Interest Expense
InterestExpense
|
0 | |
| CY2018Q1 | us-gaap |
Interest Expense
InterestExpense
|
115000 | |
| CY2019Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
3136000 | |
| CY2019Q1 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
880000 | |
| CY2018Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
9291000 | |
| CY2019Q1 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
3147000 | |
| CY2018Q4 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
2791000 | |
| CY2019Q1 | us-gaap |
Inventory Net
InventoryNet
|
968000 | |
| CY2018Q4 | us-gaap |
Inventory Net
InventoryNet
|
837000 | |
| CY2019Q1 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
738000 | |
| CY2018Q4 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
568000 | |
| CY2019Q1 | us-gaap |
Assets Current
AssetsCurrent
|
14272000 | |
| CY2018Q4 | us-gaap |
Assets Current
AssetsCurrent
|
14324000 | |
| CY2019Q1 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
791000 | |
| CY2018Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
819000 | |
| CY2019Q1 | us-gaap |
Deposits Assets Noncurrent
DepositsAssetsNoncurrent
|
314000 | |
| CY2018Q4 | us-gaap |
Deposits Assets Noncurrent
DepositsAssetsNoncurrent
|
314000 | |
| CY2019Q1 | us-gaap |
Assets
Assets
|
18865000 | |
| CY2018Q4 | us-gaap |
Assets
Assets
|
19251000 | |
| CY2019Q1 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
18865000 | |
| CY2018Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
19251000 | |
| CY2019Q1 | us-gaap |
Cash
Cash
|
9419000 | |
| CY2018Q4 | us-gaap |
Cash
Cash
|
10128000 | |
| CY2019Q1 | us-gaap |
Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
|
1321000 | |
| CY2018Q4 | us-gaap |
Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
|
688000 | |
| CY2019Q1 | us-gaap |
Dividends Payable Current
DividendsPayableCurrent
|
11000 | |
| CY2018Q4 | us-gaap |
Dividends Payable Current
DividendsPayableCurrent
|
2270000 | |
| CY2019Q1 | us-gaap |
Revenues
Revenues
|
9196000 | |
| CY2018Q1 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-115000 | |
| CY2018Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
1839000 | |
| CY2019Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
786000 | |
| CY2018Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-81000 | |
| CY2019Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.07 | |
| CY2018Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.06 | |
| CY2019Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
1764000 | |
| CY2018Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
993000 | |
| CY2019Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
46000 | |
| CY2018Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
160000 | |
| CY2019Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-46000 | |
| CY2018Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-160000 | |
| CY2019Q1 | us-gaap |
Repayments Of Notes Payable
RepaymentsOfNotesPayable
|
0 | |
| CY2018Q1 | us-gaap |
Repayments Of Notes Payable
RepaymentsOfNotesPayable
|
331000 | |
| CY2019Q1 | us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
7000 | |
| CY2018Q1 | us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
86000 | |
| CY2019Q1 | us-gaap |
Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
|
4000 | |
| CY2018Q1 | us-gaap |
Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
|
30000 | |
| CY2019Q1 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
171000 | |
| CY2019Q1 | us-gaap |
Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
|
<div style="font-family: "times new roman", times, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; margin-right: 0px;"><div style="font-family: "times new roman", times, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="text-decoration:underline;display:inline;"><div style="font-weight:bold;display:inline;">Reclassifications</div></div></div></div><div style="font-family: "times new roman", times, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; margin-right: 0px; background: none;"><div style="white-space: pre-line; font-family: "times new roman", times, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;"> </div></div></div><div style="font-family: "times new roman", times, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; margin-right: 0px;">As of March 31, 2019, the Company began reporting costs related to its selling and marketing activities separate from its general and administrative costs. As a result, reclassifications between selling and marketing costs and general and administrative costs have been made to the March 31, 2018 financial statements to conform to the consolidated 2019 financial statement presentation. These reclassifications had no effect on net earnings, retained earnings or cash flows as previously r<div style="font-family: "times new roman", times, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">eported.</div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> | |
| CY2019Q1 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<div style="font-family: "times new roman", times, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; margin-right: 0px;"><div style="font-family: "times new roman", times, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="text-decoration:underline;display:inline;"><div style="font-weight:bold;display:inline;">Use of Estimates</div></div></div></div><div style="font-family: "times new roman", times, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; margin-right: 0px; background: none;"><div style="font-family: "times new roman", times, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div><div style="font-family: "times new roman", times, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; margin-right: 0px;"><div style="font-family: "times new roman", times, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">Preparation of financial statements in conformity with U.S. GAAP 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 revenue and expenses during the reporting period. Actual results could differ from those estimates. The most significant management estimates used in the preparation of the accompanying consolidated financial statements are associated with the allowance for billing adjustments and uncollectible accounts receivable, the reserve for obsolete and damaged inventory, stock-based compensation, and valuation of long-lived assets and realizability of deferred tax assets.</div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> | |
| CY2019Q1 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
2900000 | |
| CY2018Q4 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
3050000 | |
| CY2019Q1 | us-gaap |
Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
|
16000 | |
| CY2018Q4 | us-gaap |
Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
|
19000 | |
| CY2019Q1 | us-gaap |
Deferred Tax Assets Liabilities Net Noncurrent
DeferredTaxAssetsLiabilitiesNetNoncurrent
|
572000 | |
| CY2018Q4 | us-gaap |
Deferred Tax Assets Liabilities Net Noncurrent
DeferredTaxAssetsLiabilitiesNetNoncurrent
|
725000 | |
| CY2019Q1 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
689000 | |
| CY2018Q4 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
671000 | |
| CY2019Q1 | us-gaap |
Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
|
14000 | |
| CY2018Q4 | us-gaap |
Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
|
14000 | |
| CY2019Q1 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
2787000 | |
| CY2018Q4 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
2967000 | |
| CY2019Q1 | us-gaap |
Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
|
7000 | |
| CY2018Q4 | us-gaap |
Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
|
10000 | |
| CY2019Q1 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
0 | |
| CY2018Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
0 | |
| CY2019Q1 | us-gaap |
Common Stock Value
CommonStockValue
|
34000 | |
| CY2018Q1 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
1757000 | |
| CY2019Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-2427000 | |
| CY2018Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-2032000 | |
| CY2019Q1 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
-709000 | |
| CY2018Q1 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
-1199000 | |
| CY2017Q4 | us-gaap |
Cash
Cash
|
5565000 | |
| CY2018Q1 | us-gaap |
Cash
Cash
|
4366000 | |
| CY2019Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
0 | |
| CY2018Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
8000 | |
| CY2019Q1 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
2746000 | |
| CY2019Q1 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
1955000 | |
| CY2018Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
2281000 | |
| CY2018Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
1462000 | |
| CY2019Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
32233000 | |
| CY2018Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
32601000 | |
| CY2019Q1 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
1488000 | |
| CY2018Q1 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
1813000 | |
| CY2019Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
33721000 | |
| CY2018Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
34414000 | |
| CY2019Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.07 | |
| CY2018Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.06 | |
| CY2018Q1 | us-gaap |
Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
|
2000000 | |
| us-gaap |
Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
|
2000000 | ||
| us-gaap |
Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
|
4.04 | ||
| CY2018Q2 | zyxi |
Stock Repurchase Program Additional Authorized Amount
StockRepurchaseProgramAdditionalAuthorizedAmount
|
2000000 | |
| CY2019Q1 | us-gaap |
Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
|
3.29 | |
| CY2018Q1 | us-gaap |
Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
|
2000000 | |
| CY2018Q1 | zyxi |
Related Party Compensation
RelatedPartyCompensation
|
24800 | |
| CY2019Q1 | zyxi |
Related Party Compensation
RelatedPartyCompensation
|
26000 | |
| CY2019Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
300000 | |
| CY2018Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
34000 | |
| CY2019Q1 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
3846000 | |
| CY2018Q4 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
3675000 | |
| CY2018Q1 | us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
1307000 | |
| CY2019Q1 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
2683000 | |
| CY2018Q1 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
2379000 | |
| CY2019Q1 | us-gaap |
Increase Decrease In Liability For Claims And Claims Adjustment Expense Reserve
IncreaseDecreaseInLiabilityForClaimsAndClaimsAdjustmentExpenseReserve
|
-880000 | |
| CY2018Q1 | us-gaap |
Increase Decrease In Liability For Claims And Claims Adjustment Expense Reserve
IncreaseDecreaseInLiabilityForClaimsAndClaimsAdjustmentExpenseReserve
|
0 | |
| CY2019Q1 | us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
2259000 | |
| CY2018Q1 | us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
0 | |
| CY2019Q1 | zyxi |
Property And Equipment Purchased Not Settled
PropertyAndEquipmentPurchasedNotSettled
|
0 | |
| CY2018Q1 | zyxi |
Property And Equipment Purchased Not Settled
PropertyAndEquipmentPurchasedNotSettled
|
253000 | |
| CY2019Q1 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.001 | |
| CY2019Q1 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
10000000 | |
| CY2018Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.001 | |
| CY2018Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
10000000 | |
| CY2019Q1 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | |
| CY2019Q1 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | |
| CY2018Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | |
| CY2018Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | |
| CY2019Q1 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.001 | |
| CY2019Q1 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
100000000 | |
| CY2018Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.001 | |
| CY2018Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
100000000 | |
| CY2019Q1 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
33312411 | |
| CY2019Q1 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
32241191 | |
| CY2018Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
33290587 | |
| CY2018Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
32271367 | |
| CY2019Q1 | us-gaap |
Treasury Stock Shares
TreasuryStockShares
|
1071220 | |
| CY2018Q4 | us-gaap |
Treasury Stock Shares
TreasuryStockShares
|
1019220 | |
| CY2019Q1 | us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
2473000 | |
| CY2019Q1 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
8000 | |
| CY2019Q1 | us-gaap |
Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
|
140000 | |
| CY2019Q1 | us-gaap |
Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
|
171000 | |
| CY2019Q1 | us-gaap |
Profit Loss
ProfitLoss
|
2350000 | |
| CY2018Q1 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
86000 | |
| CY2018Q4 | us-gaap |
Prepaid Expense Current
PrepaidExpenseCurrent
|
568000 | |
| CY2019Q1 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.25 | |
| CY2019Q1 | zyxi |
Discrete Items Income Tax Benefit
DiscreteItemsIncomeTaxBenefit
|
18000 | |
| CY2018Q1 | zyxi |
Discrete Items Income Tax Benefit
DiscreteItemsIncomeTaxBenefit
|
193000 | |
| CY2019Q1 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P4Y3M18D | |
| CY2019Q1 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
200000 | |
| CY2019Q1 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
|
2000000 | |
| CY2019Q1 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
|
P3Y1M6D | |
| CY2019Q1 | us-gaap |
Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
|
641000 | |
| CY2019Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
896000 | |
| CY2019Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
|
939000 | |
| CY2019Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
|
982000 | |
| CY2019Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
|
509000 | |
| CY2019Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
3967000 | |
| CY2019Q1 | us-gaap |
Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
|
491000 | |
| CY2019Q1 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
3476000 | |
| CY2019Q1 | us-gaap |
Income Tax Credits And Adjustments
IncomeTaxCreditsAndAdjustments
|
18000 | |
| us-gaap |
Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
|
1800000 | ||
| us-gaap |
Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
|
3.20 | ||
| CY2019Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
|
3.86 | |
| CY2019Q1 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
|
4.37 | |
| CY2018Q1 | us-gaap |
Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
|
1757000 | |
| CY2018Q1 | us-gaap |
Profit Loss
ProfitLoss
|
1920000 | |
| CY2016Q1 | us-gaap |
Liability For Claims And Claims Adjustment Expense
LiabilityForClaimsAndClaimsAdjustmentExpense
|
880000 | |
| CY2017 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.35 | |
| CY2019Q1 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
|
P6M7D | |
| CY2019Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
|
0.0262 | |
| CY2019Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
|
1.2198 | |
| CY2019Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
0 | |
| CY2019Q1 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
|
P6M9D | |
| CY2019Q1 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
|
5298 | |
| CY2017Q4 | us-gaap |
Land Subject To Ground Leases
LandSubjectToGroundLeases
|
41715 | |
| CY2017Q4 | zyxi |
Lessee Operating Sublease Rent Description
LesseeOperatingSubleaseRentDescription
|
the rent per square foot is $7.50, increasing to $19.75 during the second year of the sublease and each year thereafter for the initial term increasing by an additional $1 per square foot | |
| CY2017Q4 | us-gaap |
Lessee Operating Sublease Option To Extend
LesseeOperatingSubleaseOptionToExtend
|
The term of the sublease runs through June 30, 2023, with an option to extend for an additional two years through June 30, 2025 | |
| CY2019Q1 | us-gaap |
Land Subject To Ground Leases
LandSubjectToGroundLeases
|
21420 | |
| CY2019Q1 | zyxi |
Lessee Operating Sublease Rent Description
LesseeOperatingSubleaseRentDescription
|
During the first seven months of the Amendment to the Sublease, the rent per square foot is $10.00, increasing to $20.75 from January 1, 2020 through October 31, 2020 | |
| CY2019Q1 | us-gaap |
Lessee Operating Sublease Option To Extend
LesseeOperatingSubleaseOptionToExtend
|
The term of sublease for the additional space begins on the later of the completion of the Expansion Work (as defined in the Sublease) or June 1, 2019 and runs through June 30, 2023, with an option to extend the term for an additional two years through June 30, 2025 | |
| CY2019Q1 | us-gaap |
Lessee Operating Lease Discount Rate
LesseeOperatingLeaseDiscountRate
|
0.048 | |
| CY2019Q1 | us-gaap |
Dividends Payable Amount Per Share
DividendsPayableAmountPerShare
|
0.07 | |
| CY2019Q1 | us-gaap |
Dividends Payable Current
DividendsPayableCurrent
|
2300000 | |
| CY2018Q4 | us-gaap |
Deferred Rent Credit Current
DeferredRentCreditCurrent
|
0 | |
| CY2018Q4 | us-gaap |
Deferred Rent Credit Noncurrent
DeferredRentCreditNoncurrent
|
0 | |
| CY2018Q4 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
8157000 | |
| CY2018Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
4864000 | |
| CY2019Q1 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.25 | |
| CY2019Q1 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
0 | |
| CY2018Q1 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
0 | |
| CY2019Q2 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
32245023 | |
| CY2019Q1 | dei |
Entity Emerging Growth Company
EntityEmergingGrowthCompany
|
false | |
| CY2019Q1 | dei |
Entity Small Business
EntitySmallBusiness
|
true | |
| CY2017Q4 | us-gaap |
Cumulative Effect Of New Accounting Principle In Period Of Adoption
CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption
|
-6000 | |
| CY2018Q1 | us-gaap |
Cumulative Effect Of New Accounting Principle In Period Of Adoption
CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption
|
7000 | |
| CY2019Q1 | us-gaap |
Lessee Finance Lease Discount Rate
LesseeFinanceLeaseDiscountRate
|
0.070 | |
| CY2019Q1 | us-gaap |
Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
|
P1Y7M6D | |
| CY2016Q1 | zyxi |
Deferred Insurance Liability
DeferredInsuranceLiability
|
880000 | |
| CY2017Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
4902000 | |
| CY2018Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
5208000 | |
| CY2018Q1 | us-gaap |
Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
|
63000 | |
| CY2019Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
2350000 | |
| CY2018Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
1920000 | |
| CY2019Q1 | dei |
Document Type
DocumentType
|
10-Q | |
| CY2019Q1 | dei |
Amendment Flag
AmendmentFlag
|
false | |
| CY2019Q1 | dei |
Document Period End Date
DocumentPeriodEndDate
|
2019-03-31 | |
| CY2019Q1 | dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2019 | |
| CY2019Q1 | dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q1 | |
| CY2019Q1 | dei |
Entity Registrant Name
EntityRegistrantName
|
ZYNEX INC | |
| CY2019Q1 | dei |
Entity Central Index Key
EntityCentralIndexKey
|
0000846475 | |
| CY2019Q1 | dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | |
| CY2019Q1 | dei |
Entity Filer Category
EntityFilerCategory
|
Non-accelerated Filer | |
| CY2019Q1 | dei |
Trading Symbol
TradingSymbol
|
ZYXI | |
| CY2018Q1 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
6000000 |
