10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001558370-23-007663 |
| Period End Date | 20230331 |
| Filing Date | 20230502 |
| Fiscal Year | 2023 |
| Fiscal Period | Q1 |
| XBRL Instance | cik-20230331x10q_htm.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
62 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$26.75M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$17.99M | USD | Point-in-time |
| Marketable securities |
MarketableSecuritiesCurrent
|
$33.15M | USD | Point-in-time |
| Marketable securities |
MarketableSecuritiesCurrent
|
$42.96M | USD | Point-in-time |
| Accounts receivable, net |
AccountsReceivableNetCurrent
|
$17.84M | USD | Point-in-time |
| Accounts receivable, net |
AccountsReceivableNetCurrent
|
$18.68M | USD | Point-in-time |
| Inventories, net |
InventoryNet
|
$31.29M | USD | Point-in-time |
| Inventories, net |
InventoryNet
|
$30.23M | USD | Point-in-time |
| Prepaid expenses and other |
PrepaidExpenseAndOtherAssetsCurrent
|
$2.14M | USD | Point-in-time |
| Prepaid expenses and other |
PrepaidExpenseAndOtherAssetsCurrent
|
$1.95M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$111.16M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$111.82M | USD | Point-in-time |
| Note receivable from affiliate |
DueFromAffiliateNoncurrent
|
$12.20M | USD | Point-in-time |
| Note receivable from affiliate |
DueFromAffiliateNoncurrent
|
$13.20M | USD | Point-in-time |
| Goodwill |
Goodwill
|
$23.74M | USD | Point-in-time |
| Goodwill |
Goodwill
|
$23.74M | USD | Point-in-time |
| Other noncurrent assets |
OtherAssetsNoncurrent
|
$816.00K | USD | Point-in-time |
| Other noncurrent assets |
OtherAssetsNoncurrent
|
$590.00K | USD | Point-in-time |
| Total other assets |
AssetsNoncurrentOtherThanNoncurrentInvestmentsAndPropertyPlantAndEquipment
|
$36.76M | USD | Point-in-time |
| Total other assets |
AssetsNoncurrentOtherThanNoncurrentInvestmentsAndPropertyPlantAndEquipment
|
$37.53M | USD | Point-in-time |
| Land |
Land
|
$5.39M | USD | Point-in-time |
| Land |
Land
|
$5.39M | USD | Point-in-time |
| Buildings |
BuildingsAndImprovementsGross
|
$23.18M | USD | Point-in-time |
| Buildings |
BuildingsAndImprovementsGross
|
$23.18M | USD | Point-in-time |
| Equipment |
MachineryAndEquipmentGross
|
$74.38M | USD | Point-in-time |
| Equipment |
MachineryAndEquipmentGross
|
$74.11M | USD | Point-in-time |
| Construction in progress |
ConstructionInProgressGross
|
$399.00K | USD | Point-in-time |
| Construction in progress |
ConstructionInProgressGross
|
$722.00K | USD | Point-in-time |
| Gross property and equipment |
PropertyPlantAndEquipmentGross
|
$103.41M | USD | Point-in-time |
| Gross property and equipment |
PropertyPlantAndEquipmentGross
|
$103.35M | USD | Point-in-time |
| Less accumulated depreciation |
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
$74.71M | USD | Point-in-time |
| Less accumulated depreciation |
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
$75.43M | USD | Point-in-time |
| Net property and equipment |
PropertyPlantAndEquipmentNet
|
$28.69M | USD | Point-in-time |
| Net property and equipment |
PropertyPlantAndEquipmentNet
|
$27.91M | USD | Point-in-time |
| Total assets |
Assets
|
$176.49M | USD | Point-in-time |
| Total assets |
Assets
|
$177.39M | USD | Point-in-time |
| Accounts payable and accrued liabilities |
AccountsPayableAndAccruedLiabilitiesCurrent
|
$11.04M | USD | Point-in-time |
| Accounts payable and accrued liabilities |
AccountsPayableAndAccruedLiabilitiesCurrent
|
$15.62M | USD | Point-in-time |
| Income taxes payable to affiliate |
DueToAffiliateCurrent
|
$2.03M | USD | Point-in-time |
| Income taxes payable to affiliate |
DueToAffiliateCurrent
|
$1.03M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$13.07M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$16.65M | USD | Point-in-time |
| Deferred income taxes |
DeferredIncomeTaxLiabilitiesNet
|
$1.97M | USD | Point-in-time |
| Deferred income taxes |
DeferredIncomeTaxLiabilitiesNet
|
$2.23M | USD | Point-in-time |
| Other |
OtherLiabilitiesNoncurrent
|
$56.00K | USD | Point-in-time |
| Other |
OtherLiabilitiesNoncurrent
|
$68.00K | USD | Point-in-time |
| Total noncurrent liabilities |
LiabilitiesNoncurrent
|
$2.30M | USD | Point-in-time |
| Total noncurrent liabilities |
LiabilitiesNoncurrent
|
$2.02M | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapitalCommonStock
|
$53.16M | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapitalCommonStock
|
$53.16M | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$108.17M | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$105.17M | USD | Point-in-time |
| Accumulated other comprehensive loss - unrealized loss on marketable securities |
AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
|
$-47.00K | USD | Point-in-time |
| Accumulated other comprehensive loss - unrealized loss on marketable securities |
AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
|
$-17.00K | USD | Point-in-time |
| Total stockholders' equity |
StockholdersEquity
|
$158.44M | USD | Point-in-time |
| Total stockholders' equity |
StockholdersEquity
|
$161.40M | USD | Point-in-time |
| Total stockholders' equity |
StockholdersEquity
|
$174.98M | USD | Point-in-time |
| Total stockholders' equity |
StockholdersEquity
|
$173.09M | USD | Point-in-time |
| Total liabilities and stockholders' equity |
LiabilitiesAndStockholdersEquity
|
$176.49M | USD | Point-in-time |
| Total liabilities and stockholders' equity |
LiabilitiesAndStockholdersEquity
|
$177.39M | USD | Point-in-time |
| Commitments and contingencies (Note 1) |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Commitments and contingencies (Note 1) |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
Income Statement
33 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net sales |
RevenueFromContractWithCustomerExcludingAssessedTax
|
$41.15M | USD | 1 Quarter |
| Net sales |
RevenueFromContractWithCustomerExcludingAssessedTax
|
$42.05M | USD | 1 Quarter |
| Cost of sales |
CostOfGoodsAndServicesSold
|
$28.45M | USD | 1 Quarter |
| Cost of sales |
CostOfGoodsAndServicesSold
|
$29.97M | USD | 1 Quarter |
| Gross margin |
GrossProfit
|
$12.08M | USD | 1 Quarter |
| Gross margin |
GrossProfit
|
$12.70M | USD | 1 Quarter |
| Selling, general and administrative expense |
SellingGeneralAndAdministrativeExpense
|
$5.77M | USD | 1 Quarter |
| Selling, general and administrative expense |
SellingGeneralAndAdministrativeExpense
|
$5.66M | USD | 1 Quarter |
| Operating income |
OperatingIncomeLoss
|
$7.04M | USD | 1 Quarter |
| Operating income |
OperatingIncomeLoss
|
$6.31M | USD | 1 Quarter |
| Interest income |
InterestIncomeFromRelatedPartyAndDividendIncome
|
$214.00K | USD | 1 Quarter |
| Interest income |
InterestIncomeFromRelatedPartyAndDividendIncome
|
$947.00K | USD | 1 Quarter |
| Income before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$6.52M | USD | 1 Quarter |
| Income before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$7.99M | USD | 1 Quarter |
| Provision for income taxes |
IncomeTaxExpenseBenefit
|
$1.92M | USD | 1 Quarter |
| Provision for income taxes |
IncomeTaxExpenseBenefit
|
$1.54M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$6.07M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$4.98M | USD | 1 Quarter |
| Unrealized net loss arising during year |
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax
|
$30.00K | USD | 1 Quarter |
| Comprehensive income |
ComprehensiveIncomeNetOfTax
|
$4.98M | USD | 1 Quarter |
| Comprehensive income |
ComprehensiveIncomeNetOfTax
|
$6.04M | USD | 1 Quarter |
| Net income - basic |
NetIncomeLossAvailableToCommonStockholdersBasic
|
$16.11M | USD | 1 Quarter |
| Net income - basic |
NetIncomeLossAvailableToCommonStockholdersBasic
|
$13.44M | USD | 1 Quarter |
| Net income - diluted |
NetIncomeLossAvailableToCommonStockholdersDiluted
|
$16.11M | USD | 1 Quarter |
| Net income - diluted |
NetIncomeLossAvailableToCommonStockholdersDiluted
|
$13.44M | USD | 1 Quarter |
| Net income per basic share |
EarningsPerShareBasic
|
$0.49 | USD | 1 Quarter |
| Net income per basic share |
EarningsPerShareBasic
|
$0.40 | USD | 1 Quarter |
| Net income per diluted share |
EarningsPerShareDiluted
|
$0.49 | USD | 1 Quarter |
| Net income per diluted share |
EarningsPerShareDiluted
|
$0.40 | USD | 1 Quarter |
| Weighted average shares outstanding - basic |
WeightedAverageNumberOfSharesOutstandingBasic
|
12.31M | shares | 1 Quarter |
| Weighted average shares outstanding - basic |
WeightedAverageNumberOfSharesOutstandingBasic
|
12.38M | shares | 1 Quarter |
| Weighted average shares outstanding - diluted |
WeightedAverageNumberOfDilutedSharesOutstanding
|
12.38M | shares | 1 Quarter |
| Weighted average shares outstanding - diluted |
WeightedAverageNumberOfDilutedSharesOutstanding
|
12.31M | shares | 1 Quarter |
Cash Flow Statement
44 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
ProfitLoss
|
$6.07M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$4.98M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$961.00K | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$1.01M | USD | 1 Quarter |
| Deferred income taxes |
DeferredIncomeTaxExpenseBenefit
|
$-250.00K | USD | 1 Quarter |
| Deferred income taxes |
DeferredIncomeTaxExpenseBenefit
|
$-231.00K | USD | 1 Quarter |
| Other, net |
OtherNoncashIncomeExpense
|
$-56.00K | USD | 1 Quarter |
| Other, net |
OtherNoncashIncomeExpense
|
$336.00K | USD | 1 Quarter |
| Accounts receivable, net |
IncreaseDecreaseInAccountsReceivable
|
$842.00K | USD | 1 Quarter |
| Accounts receivable, net |
IncreaseDecreaseInAccountsReceivable
|
$2.21M | USD | 1 Quarter |
| Inventories, net |
IncreaseDecreaseInInventories
|
$2.49M | USD | 1 Quarter |
| Inventories, net |
IncreaseDecreaseInInventories
|
$-1.01M | USD | 1 Quarter |
| Accounts payable and accrued liabilities |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$-4.54M | USD | 1 Quarter |
| Accounts payable and accrued liabilities |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$-3.06M | USD | 1 Quarter |
| Accounts with affiliates |
IncreaseDecreaseInDueToAffiliates
|
$998.00K | USD | 1 Quarter |
| Accounts with affiliates |
IncreaseDecreaseInDueToAffiliates
|
$862.00K | USD | 1 Quarter |
| Prepaids and other, net |
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
$52.00K | USD | 1 Quarter |
| Prepaids and other, net |
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
$1.04M | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$3.06M | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-2.16M | USD | 1 Quarter |
| Capital expenditures |
PaymentsToAcquirePropertyPlantAndEquipment
|
$270.00K | USD | 1 Quarter |
| Capital expenditures |
PaymentsToAcquirePropertyPlantAndEquipment
|
$1.72M | USD | 1 Quarter |
| Proceeds from maturities |
ProceedsFromSaleMaturityAndCollectionOfShorttermInvestments
|
$4.00M | USD | 1 Quarter |
| Purchases of marketable securities |
PaymentsToAcquireMarketableSecurities
|
$13.48M | USD | 1 Quarter |
| Collections |
RepaymentOfNotesReceivableFromRelatedParties
|
$7.70M | USD | 1 Quarter |
| Collections |
RepaymentOfNotesReceivableFromRelatedParties
|
$7.80M | USD | 1 Quarter |
| Advances |
PaymentsForAdvanceToAffiliate
|
$7.10M | USD | 1 Quarter |
| Advances |
PaymentsForAdvanceToAffiliate
|
$6.80M | USD | 1 Quarter |
| Net cash provided by (used in) investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-8.75M | USD | 1 Quarter |
| Net cash provided by (used in) investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-1.12M | USD | 1 Quarter |
| Dividends paid |
PaymentsOfDividendsCommonStock
|
$3.10M | USD | 1 Quarter |
| Dividends paid |
PaymentsOfDividendsCommonStock
|
$3.08M | USD | 1 Quarter |
| Operating, investing and financing activities |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$-6.37M | USD | 1 Quarter |
| Operating, investing and financing activities |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$-8.76M | USD | 1 Quarter |
| Balance at beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
$76.58M | USD | Point-in-time |
| Balance at beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
$26.75M | USD | Point-in-time |
| Balance at beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
$70.20M | USD | Point-in-time |
| Balance at beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
$17.99M | USD | Point-in-time |
| Balance at end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
$76.58M | USD | Point-in-time |
| Balance at end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
$26.75M | USD | Point-in-time |
| Balance at end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
$70.20M | USD | Point-in-time |
| Balance at end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
$17.99M | USD | Point-in-time |
| Cash paid for income taxes |
IncomeTaxesPaidNet
|
$904.00K | USD | 1 Quarter |
| Cash paid for income taxes |
IncomeTaxesPaidNet
|
$1.17M | USD | 1 Quarter |
Stockholders Equity
15 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Cash dividends per share |
CommonStockDividendsPerShareCashPaid
|
$0.25 | USD | 1 Quarter |
| Cash dividends per share |
CommonStockDividendsPerShareCashPaid
|
$0.25 | USD | 1 Quarter |
| Balance |
StockholdersEquity
|
$158.44M | USD | Point-in-time |
| Balance |
StockholdersEquity
|
$161.40M | USD | Point-in-time |
| Balance |
StockholdersEquity
|
$174.98M | USD | Point-in-time |
| Balance |
StockholdersEquity
|
$173.09M | USD | Point-in-time |
| Net income |
NetIncomeLoss
|
$6.07M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$4.98M | USD | 1 Quarter |
| Other comprehensive loss |
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax
|
$30.00K | USD | 1 Quarter |
| Cash dividends |
DividendsCommonStockCash
|
$3.10M | USD | 1 Quarter |
| Cash dividends |
DividendsCommonStockCash
|
$3.08M | USD | 1 Quarter |
| Balance |
StockholdersEquity
|
$158.44M | USD | Point-in-time |
| Balance |
StockholdersEquity
|
$161.40M | USD | Point-in-time |
| Balance |
StockholdersEquity
|
$174.98M | USD | Point-in-time |
| Balance |
StockholdersEquity
|
$173.09M | USD | Point-in-time |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.