10-Q/A Filing

S&W SEED CO CIK: 1477246 Q1 2013

Filing Information

Form Type	10-Q/A
Accession Number	`0001136261-12-000648`
Period End Date	20120930
Filing Date	20121211
Fiscal Year	2013
Fiscal Period	Q1
XBRL Instance	sanw-20120930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 63 Income Statement 41 Cash Flow Statement 57 Stockholders Equity 14

Balance Sheet 63 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.19M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.74M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$8.24M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$8.65M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$6.07M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$2.72M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	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
Inventories	`InventoryNet`	$6.12M	USD	Point-in-time
Inventories	`InventoryNet`	$8.27M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$96.37K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$138.24K	USD	Point-in-time
Deferred tax asset	`DeferredTaxAssetsGrossCurrent`	$158.28K	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`	$215.69K	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$17.42M	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$23.25M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	7.47M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	6.87M	shares	Point-in-time
Property, plant and equipment, net of accumulated depreciation	`PropertyPlantAndEquipmentNet`	$2.44M	USD	Point-in-time
Property, plant and equipment, net of accumulated depreciation	`PropertyPlantAndEquipmentNet`	$7.86M	USD	Point-in-time
Other intangibles, net	`OtherIntangibleAssetsNet`	$606.65K	USD	Point-in-time
Other intangibles, net	`OtherIntangibleAssetsNet`	$648.00K	USD	Point-in-time
Crop production costs	`OtherAssetsNoncurrent`	$1.10M	USD	Point-in-time
Crop production costs	`OtherAssetsNoncurrent`	$1.36M	USD	Point-in-time
Deferred tax asset - long term	`DeferredTaxAssetsNetNoncurrent`	$464.38K	USD	Point-in-time
Deferred tax asset - long term	`DeferredTaxAssetsNetNoncurrent`	$464.38K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$33.58M	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`	$6.77M	USD	Point-in-time
Accounts payable - related party	`AccountsPayableRelatedPartiesCurrent`	$250.44K	USD	Point-in-time
Accounts payable - related party	`AccountsPayableRelatedPartiesCurrent`	$307.59K	USD	Point-in-time
Accrued expenses and other current liabilities	`OtherAccruedLiabilitiesCurrent`	$454.51K	USD	Point-in-time
Accrued expenses and other current liabilities	`OtherAccruedLiabilitiesCurrent`	$170.71K	USD	Point-in-time
Current portion of long-term debt	`SecuredDebtCurrent`	$153.78K	USD	Point-in-time
Current portion of long-term debt	`SecuredDebtCurrent`	-	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$1.90M	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$7.35M	USD	Point-in-time
Long-term debt, less current portion	`SecuredLongTermDebt`	$2.46M	USD	Point-in-time
Long-term debt, less current portion	`SecuredLongTermDebt`	-	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$9.80M	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; 7,473,000 issued and outstanding at September 30, 2012; 6,873,000 issued and outstanding at June 30, 2012	`CommonStockValue`	$7.47K	USD	Point-in-time
Common stock, $0.001 par value; 50,000,000 shares authorized; 7,473,000 issued and outstanding at September 30, 2012; 6,873,000 issued and outstanding at June 30, 2012	`CommonStockValue`	$6.87K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$19.80M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$23.35M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$326.58K	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$415.34K	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY	`StockholdersEquity`	$23.77M	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY	`StockholdersEquity`	$20.13M	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY	`StockholdersEquity`	$14.56M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$22.03M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$33.58M	USD	Point-in-time

Income Statement 41 line items

Line Item	Tag	Value	Unit	Period
Seed revenue	`SalesRevenueGoodsNet`	$6.36M	USD	1 Quarter
Seed revenue	`SalesRevenueGoodsNet`	$5.89M	USD	1 Quarter
Milling and other revenue	`SalesRevenueServicesNet`	$230.37K	USD	1 Quarter
Milling and other revenue	`SalesRevenueServicesNet`	$363.68K	USD	1 Quarter
Total revenue	`Revenues`	$6.72M	USD	1 Quarter
Total revenue	`Revenues`	$6.12M	USD	1 Quarter
Cost of seed revenue	`CostOfGoodsSold`	$5.55M	USD	1 Quarter
Cost of seed revenue	`CostOfGoodsSold`	$4.30M	USD	1 Quarter
Cost of milling and other revenue	`CostOfServices`	$91.91K	USD	1 Quarter
Cost of milling and other revenue	`CostOfServices`	$66.44K	USD	1 Quarter
Total cost of revenue	`CostOfRevenue`	$4.36M	USD	1 Quarter
Total cost of revenue	`CostOfRevenue`	$5.64M	USD	1 Quarter
Gross profit	`GrossProfit`	$1.08M	USD	1 Quarter
Gross profit	`GrossProfit`	$1.75M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$707.95K	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$750.35K	USD	1 Quarter
Research and development expenses	`ResearchAndDevelopmentExpense`	$92.88K	USD	1 Quarter
Research and development expenses	`ResearchAndDevelopmentExpense`	$103.43K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$69.78K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$71.09K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$923.57K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$871.92K	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$154.84K	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$879.37K	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-7.87K	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-4.16K	USD	1 Quarter
Net income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$875.21K	USD	1 Quarter
Net income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$146.97K	USD	1 Quarter
Income tax expens	`IncomeTaxExpenseBenefit`	$352.44K	USD	1 Quarter
Income tax expens	`IncomeTaxExpenseBenefit`	$58.21K	USD	1 Quarter
Net income	`NetIncomeLoss`	$522.76K	USD	1 Quarter
Net income	`NetIncomeLoss`	$374.83K	USD	Annual
Net income	`NetIncomeLoss`	$88.76K	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.01	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.09	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.09	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.01	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	5.80M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	6.84M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	5.84M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	6.95M	shares	1 Quarter

Cash Flow Statement 57 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$522.76K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$374.83K	USD	Annual
Net income (loss)	`NetIncomeLoss`	$88.76K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$24.32K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$90.83K	USD	1 Quarter
Change in allowance for doubtful accounts	`ProvisionForDoubtfulAccounts`	$-3.59K	USD	1 Quarter
Change in allowance for doubtful accounts	`ProvisionForDoubtfulAccounts`	-	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$69.78K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$71.09K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-3.35M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-4.29M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-2.16M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-111.04K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpense`	$41.86K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpense`	$-44.53K	USD	1 Quarter
Crop production costs	`IncreaseDecreaseInOtherNoncurrentAssets`	$-334.56K	USD	1 Quarter
Crop production costs	`IncreaseDecreaseInOtherNoncurrentAssets`	$-259.87K	USD	1 Quarter
Deferred tax asset	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$57.41K	USD	1 Quarter
Deferred tax asset	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$313.93K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$5.63M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$3.64M	USD	1 Quarter
Accounts payable - related party	`IncreaseDecreaseInAccountsPayableRelatedParties`	$-57.15K	USD	1 Quarter
Accounts payable - related party	`IncreaseDecreaseInAccountsPayableRelatedParties`	$1.01M	USD	1 Quarter
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-86.62K	USD	1 Quarter
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-283.80K	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$711.75K	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-129.45K	USD	1 Quarter
Additions to property, plant and equipment	`PropertyPlantAndEquipmentAdditions`	$-93.40K	USD	1 Quarter
Additions to property, plant and equipment	`PropertyPlantAndEquipmentAdditions`	$-5.47M	USD	1 Quarter
Acquisition of customer list	`PaymentsToAcquireIntangibleAssets`	$165.00K	USD	1 Quarter
Acquisition of customer list	`PaymentsToAcquireIntangibleAssets`	-	USD	1 Quarter
Acquisition of germ plasm	`PaymentsToAcquireOtherProductiveAssets`	$57.50K	USD	1 Quarter
Acquisition of germ plasm	`PaymentsToAcquireOtherProductiveAssets`	-	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-258.40K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-5.52M	USD	1 Quarter
Net proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	1 Quarter
Net proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$3.46M	USD	1 Quarter
Borrowings of long-term debt	`ProceedsFromIssuanceOfSecuredDebt`	-	USD	1 Quarter
Borrowings of long-term debt	`ProceedsFromIssuanceOfSecuredDebt`	$2.62M	USD	1 Quarter
Repayments of long-term debt	`RepaymentsOfSecuredDebt`	-	USD	1 Quarter
Repayments of long-term debt	`RepaymentsOfSecuredDebt`	$16.21K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$6.07M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	1 Quarter
NET INCREASE OR (DECREASE) IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$453.35K	USD	1 Quarter
NET INCREASE OR (DECREASE) IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$416.94K	USD	1 Quarter
CASH AND CASH EQUIVALENTS, beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$4.19M	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`	$8.24M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$8.65M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, end of period	`CashAndCashEquivalentsAtCarryingValue`	$4.19M	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`	$8.24M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, end of period	`CashAndCashEquivalentsAtCarryingValue`	$8.65M	USD	Point-in-time
Interest	`InterestPaid`	-	USD	1 Quarter
Interest	`InterestPaid`	$17.64K	USD	1 Quarter
Income taxes	`IncomeTaxesPaid`	-	USD	1 Quarter
Income taxes	`IncomeTaxesPaid`	-	USD	1 Quarter

Stockholders Equity 14 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, amount	`StockholdersEquity`	$23.77M	USD	Point-in-time
Beginning balance, amount	`StockholdersEquity`	$20.13M	USD	Point-in-time
Beginning balance, amount	`StockholdersEquity`	$14.56M	USD	Point-in-time
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$90.83K	USD	1 Quarter
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
Proceeds from equity offering net of underwriter fees and expenses, amount	`StockIssuedDuringPeriodValueOther`	$3.46M	USD	1 Quarter
Net income	`NetIncomeLoss`	$522.76K	USD	1 Quarter
Net income	`NetIncomeLoss`	$374.83K	USD	Annual
Net income	`NetIncomeLoss`	$88.76K	USD	1 Quarter
Ending balance, amount	`StockholdersEquity`	$23.77M	USD	Point-in-time
Ending balance, amount	`StockholdersEquity`	$20.13M	USD	Point-in-time
Ending balance, amount	`StockholdersEquity`	$14.56M	USD	Point-in-time

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