10-K Filing

S&W SEED CO CIK: 1477246 FY 2012

Filing Information

Form Type	10-K
Accession Number	`0001136261-12-000505`
Period End Date	20120630
Filing Date	20120927
Fiscal Year	2012
Fiscal Period	FY
XBRL Instance	sanw-20120630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 58 Income Statement 42 Cash Flow Statement 52 Stockholders Equity 12

Balance Sheet 58 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$8.24M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.74M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.83M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$2.72M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$1.80M	USD	Point-in-time
Inventories	`InventoryNet`	$5.66M	USD	Point-in-time
Inventories	`InventoryNet`	$6.12M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$58.45K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$138.24K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Deferred tax asset	`DeferredTaxAssetsGrossCurrent`	$215.69K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Deferred tax asset	`DeferredTaxAssetsGrossCurrent`	$352.39K	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$11.62M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	6.87M	shares	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$17.42M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	5.80M	shares	Point-in-time
Property, plant and equipment, net of accumulated depreciation	`PropertyPlantAndEquipmentNet`	$2.30M	USD	Point-in-time
Property, plant and equipment, net of accumulated depreciation	`PropertyPlantAndEquipmentNet`	$2.44M	USD	Point-in-time
Other intangibles, net	`OtherIntangibleAssetsNet`	$606.65K	USD	Point-in-time
Other intangibles, net	`OtherIntangibleAssetsNet`	$502.44K	USD	Point-in-time
Crop production costs	`OtherAssetsNoncurrent`	$220.43K	USD	Point-in-time
Crop production costs	`OtherAssetsNoncurrent`	$1.10M	USD	Point-in-time
Deferred tax asset - long term	`DeferredTaxAssetsNetNoncurrent`	$517.67K	USD	Point-in-time
Deferred tax asset - long term	`DeferredTaxAssetsNetNoncurrent`	$464.38K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$15.16M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$22.03M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.14M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$207.07K	USD	Point-in-time
Accounts payable - related party	`AccountsPayableRelatedPartiesCurrent`	$218.86K	USD	Point-in-time
Accounts payable - related party	`AccountsPayableRelatedPartiesCurrent`	$307.59K	USD	Point-in-time
Accrued expenses and other current liabilities	`OtherAccruedLiabilitiesCurrent`	$169.06K	USD	Point-in-time
Accrued expenses and other current liabilities	`OtherAccruedLiabilitiesCurrent`	$454.51K	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$1.90M	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$595.00K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$595.00K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$1.90M	USD	Point-in-time
Preferred stock, $0.001 par value; 5,000,000 shares authorized; no shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.001 par value; 5,000,000 shares authorized; no shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.001 par value; 50,000,000 shares authorized; 6,873,000 issued and outstanding at June 30, 2012; 5,800,000 issued and outstanding at June 30, 2011	`CommonStockValue`	$6.87K	USD	Point-in-time
Common stock, $0.001 par value; 50,000,000 shares authorized; 6,873,000 issued and outstanding at June 30, 2012; 5,800,000 issued and outstanding at June 30, 2011	`CommonStockValue`	$5.80K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$14.60M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$19.80M	USD	Point-in-time
Retained earnings (deficit)	`RetainedEarningsAccumulatedDeficit`	$-48.25K	USD	Point-in-time
Retained earnings (deficit)	`RetainedEarningsAccumulatedDeficit`	$326.58K	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY	`StockholdersEquity`	$15.25M	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY	`StockholdersEquity`	$14.56M	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY	`StockholdersEquity`	$20.13M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$22.03M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$15.16M	USD	Point-in-time

Income Statement 42 line items

Line Item	Tag	Value	Unit	Period
Seed and crop revenue	`SalesRevenueGoodsNet`	$2.66M	USD	Annual
Seed and crop revenue	`SalesRevenueGoodsNet`	$13.26M	USD	Annual
Milling and other revenue	`SalesRevenueServicesNet`	$977.12K	USD	Annual
Milling and other revenue	`SalesRevenueServicesNet`	$885.76K	USD	Annual
Total revenue	`Revenues`	$14.15M	USD	Annual
Total revenue	`Revenues`	$3.64M	USD	Annual
Cost of seed and crop revenue	`CostOfGoodsSold`	$9.91M	USD	Annual
Cost of seed and crop revenue	`CostOfGoodsSold`	$2.03M	USD	Annual
Cost of milling and other revenue	`CostOfServices`	$327.13K	USD	Annual
Cost of milling and other revenue	`CostOfServices`	$253.67K	USD	Annual
Total cost of revenue	`CostOfRevenue`	$10.24M	USD	Annual
Total cost of revenue	`CostOfRevenue`	$2.28M	USD	Annual
Gross profit	`GrossProfit`	$3.91M	USD	Annual
Gross profit	`GrossProfit`	$1.36M	USD	Annual
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$2.77M	USD	Annual
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$2.17M	USD	Annual
Research and development expenses	`ResearchAndDevelopmentExpense`	$242.52K	USD	Annual
Research and development expenses	`ResearchAndDevelopmentExpense`	$450.02K	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$272.86K	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$242.43K	USD	Annual
Total operating expenses	`OperatingExpenses`	$2.86M	USD	Annual
Total operating expenses	`OperatingExpenses`	$3.29M	USD	Annual
Income (loss) from operations	`OperatingIncomeLoss`	$-1.50M	USD	Annual
Income (loss) from operations	`OperatingIncomeLoss`	$619.61K	USD	Annual
Loss on disposal of fixed assets	`GainLossOnSaleOfPropertyPlantEquipment`	$-24.53K	USD	Annual
Loss on disposal of fixed assets	`GainLossOnSaleOfPropertyPlantEquipment`	$-5.71K	USD	Annual
Interest (income) expense, net	`InterestIncomeExpenseNonoperatingNet`	$6.98K	USD	Annual
Interest (income) expense, net	`InterestIncomeExpenseNonoperatingNet`	$-20.94K	USD	Annual
Net income (loss) before income tax expense (benefit)	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.50M	USD	Annual
Net income (loss) before income tax expense (benefit)	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$574.14K	USD	Annual
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$-685.58K	USD	Annual
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$199.31K	USD	Annual
Net income (loss)	`NetIncomeLoss`	$-811.45K	USD	Annual
Net income (loss)	`NetIncomeLoss`	$374.83K	USD	Annual
Basic	`EarningsPerShareBasic`	$0.06	USD	Annual
Basic	`EarningsPerShareBasic`	$-0.14	USD	Annual
Diluted	`EarningsPerShareDiluted`	$0.06	USD	Annual
Diluted	`EarningsPerShareDiluted`	$-0.14	USD	Annual
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	5.90M	shares	Annual
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	5.80M	shares	Annual
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	5.80M	shares	Annual
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	5.91M	shares	Annual

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-811.45K	USD	Annual
Net income (loss)	`NetIncomeLoss`	$374.83K	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$122.19K	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$187.02K	USD	Annual
Change in allowance for doubtful accounts	`ProvisionForDoubtfulAccounts`	$3.59K	USD	Annual
Change in allowance for doubtful accounts	`ProvisionForDoubtfulAccounts`	$-3.59K	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$272.86K	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$242.43K	USD	Annual
Loss on disposal of fixed assets	`GainLossOnSaleOfPropertyPlantEquipment`	$-24.53K	USD	Annual
Loss on disposal of fixed assets	`GainLossOnSaleOfPropertyPlantEquipment`	$-5.71K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$307.37K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-909.49K	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$-452.67K	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$-2.95M	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpense`	$17.45K	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpense`	$-79.78K	USD	Annual
Crop production costs	`IncreaseDecreaseInOtherNoncurrentAssets`	$-220.43K	USD	Annual
Crop production costs	`IncreaseDecreaseInOtherNoncurrentAssets`	$-877.86K	USD	Annual
Deferred tax asset	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-685.58K	USD	Annual
Deferred tax asset	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$190.00K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-87.40K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$934.09K	USD	Annual
Accounts payable - related party	`IncreaseDecreaseInAccountsPayableRelatedParties`	$88.73K	USD	Annual
Accounts payable - related party	`IncreaseDecreaseInAccountsPayableRelatedParties`	$217.08K	USD	Annual
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$285.45K	USD	Annual
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$137.71K	USD	Annual
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-3.70M	USD	Annual
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$34.12K	USD	Annual
Additions to property, plant and equipment	`PropertyPlantAndEquipmentAdditions`	$-384.98K	USD	Annual
Additions to property, plant and equipment	`PropertyPlantAndEquipmentAdditions`	$-397.46K	USD	Annual
Acquisition of customer list	`IncreaseDecreaseInOtherOperatingAssets`	$165.00K	USD	Annual
Acquisition of customer list	`IncreaseDecreaseInOtherOperatingAssets`	-	USD	Annual
Proceeds from disposal of property, plant and equipment	`ProceedsFromSaleOfMachineryAndEquipment`	$4.50K	USD	Annual
Proceeds from disposal of property, plant and equipment	`ProceedsFromSaleOfMachineryAndEquipment`	$6.50K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-392.96K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-543.48K	USD	Annual
Net proceeds from public offering	`ProceedsFromOtherEquity`	$5.01M	USD	Annual
Net proceeds from public offering	`ProceedsFromOtherEquity`	-	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$5.01M	USD	Annual
NET INCREASE OR (DECREASE) IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$4.50M	USD	Annual
NET INCREASE OR (DECREASE) IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-4.09M	USD	Annual
CASH AND CASH EQUIVALENTS, beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$8.24M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$3.74M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$7.83M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, end of period	`CashAndCashEquivalentsAtCarryingValue`	$8.24M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, end of period	`CashAndCashEquivalentsAtCarryingValue`	$3.74M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, end of period	`CashAndCashEquivalentsAtCarryingValue`	$7.83M	USD	Point-in-time
Interest	`InterestPaid`	-	USD	Annual
Interest	`InterestPaid`	$19.17K	USD	Annual
Income taxes	`IncomeTaxesPaid`	-	USD	Annual
Income taxes	`IncomeTaxesPaid`	$22.00K	USD	Annual

Stockholders Equity 12 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, amount	`StockholdersEquity`	$15.25M	USD	Point-in-time
Beginning balance, amount	`StockholdersEquity`	$14.56M	USD	Point-in-time
Beginning balance, amount	`StockholdersEquity`	$20.13M	USD	Point-in-time
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$122.19K	USD	Annual
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$165.36K	USD	Annual
Restricted stock grant to executives, amount	`StockIssuedDuringPeriodValueRestrictedStockAwardGross`	$21.66K	USD	Annual
Proceeds from equity offering net of underwriter fees and expenses, amount	`StockIssuedDuringPeriodValueOther`	$5.01M	USD	Annual
Net income (loss)	`NetIncomeLoss`	$-811.45K	USD	Annual
Net income (loss)	`NetIncomeLoss`	$374.83K	USD	Annual
Ending balance, amount	`StockholdersEquity`	$15.25M	USD	Point-in-time
Ending balance, amount	`StockholdersEquity`	$14.56M	USD	Point-in-time
Ending balance, amount	`StockholdersEquity`	$20.13M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.