Company profile

Incorporated in
Fiscal year end
IRS number


23 Apr 20
9 Jul 20
31 Dec 20


Company financial data Financial data

Quarter (USD) Dec 19 Sep 19 Jun 19 Mar 19
Revenue 267.21K 371.92K 395.26K 273.97K
Net income -141.68K 11.77K -6.22K -110.31K
Diluted EPS -0.03 0 0 -0.02
Net profit margin -53.02% 3.16% -1.57% -40.26%
Operating income -146.62K 6.26K -12.09K -113.77K
Net change in cash 75.32K -25.72K -72.58K 22.97K
Cash on hand 274.94K 199.62K 225.33K 297.91K
Cost of revenue 1.19M -163.04K -189.46K 149.23K
Annual (USD) Dec 19 Dec 18 Dec 17 Dec 16
Revenue 1.41M 1.4M 1.43M 1.49M
Net income -190.96K -116.1K -447.86K -140.7K
Diluted EPS -0.04 -0.02 -0.09 -0.03
Net profit margin -13.56% -8.32% -31.43% -9.44%
Operating income -213.16K -134.2K -215.17K -228.32K
Net change in cash 0 232.06K -72.86K -128.84K
Cash on hand 274.94K 274.94K 42.87K 115.73K
Cost of revenue 664.27K 675.6K 643.41K -436.21K

Financial data from company earnings reports

Date Owner Security Transaction Code 10b5-1 $Price #Shares $Value #Remaining
19 May 20 Zeff Capital Common Stock Sell Dispose S No 0.29 179,800 52.14K 422,381
13 May 20 Edco Partners LLLP Common Stock Buy Aquire P No 0.25 125,000 31.25K 1,678,500

Financial report summary

Management Discussion
  • GROSS REVENUES: Total revenues for the fiscal year 2019 were $1,408,548 reflecting an increase of 1.0% from $1,395,030 in gross revenues for fiscal year 2018.  During the year ended December 31, 2019, one customer’s sales accounted for more than 10% of the total sales revenues.  The increase in total revenues is the result of increased Engineering Services during 2019.  Domestic Sales for the fiscal year were $1,179,146 compared to $1,298,447 in 2018. Sales to Foreign Customers for the fiscal year were $229,402 compared to $96,583 in 2018. Product sales decreased to $1,367,171 in 2019, as compared to 2018 sales of $1,374,810, reflecting a decrease of 0.6%.  
  • Interest revenues during 2019 increased to $22,198 from 2018 level of $18,097 due to the increased interest rates for the certificates of deposit held by the Company.
  • As of December 31, 2019, the Company had sales backlog of $34,801.  The Company’s customers generally place orders on an "as needed basis".  Shipment of the Company’s products is generally completed within 1 to 15 working days after receipt of customer orders, with the exception of ongoing, scheduled projects, and custom designed equipment for specific customer applications.
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Registration and prospectus

No filings