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10-Q Filing

SUNATION ENERGY, INC. CIK: 22701 Q1 2015
Filing Information
Form Type 10-Q
Accession Number 0000897101-15-000621
Period End Date 20150331
Filing Date 20150507
Fiscal Year 2015
Fiscal Period Q1
XBRL Instance jcs-20150331.xml
Filing Contents
Balance Sheet 82 line items
Line Item Tag Value Unit Period
Trade accounts receivable, allowance for doubtful accounts AllowanceForDoubtfulAccountsReceivableCurrent $145.00K USD Point-in-time
Trade accounts receivable, allowance for doubtful accounts AllowanceForDoubtfulAccountsReceivableCurrent $22.00K USD Point-in-time
Preferred stock, par value PreferredStockParOrStatedValuePerShare $1.00 USD Point-in-time
Preferred stock, par value PreferredStockParOrStatedValuePerShare $1.00 USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $17.89M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $13.74M USD Point-in-time
Preferred stock, shares authorized PreferredStockSharesAuthorized 3.00M shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $9.15M USD Point-in-time
Preferred stock, shares authorized PreferredStockSharesAuthorized 3.00M shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $20.06M USD Point-in-time
Investments ShortTermInvestments $4.60M USD Point-in-time
Preferred stock, shares issued PreferredStockSharesIssued 0.00 shares Point-in-time
Investments ShortTermInvestments $4.88M USD Point-in-time
Preferred stock, shares issued PreferredStockSharesIssued 0.00 shares Point-in-time
Common stock, par value CommonStockParOrStatedValuePerShare $0.05 USD Point-in-time
Common stock, par value CommonStockParOrStatedValuePerShare $0.05 USD Point-in-time
Trade accounts receivable, less allowance for doubtful accounts of $145,000 and $22,000, respectively AccountsReceivableNetCurrent $13.84M USD Point-in-time
Trade accounts receivable, less allowance for doubtful accounts of $145,000 and $22,000, respectively AccountsReceivableNetCurrent $10.88M USD Point-in-time
Inventories InventoryNet $31.11M USD Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 30.00M shares Point-in-time
Inventories InventoryNet $32.48M USD Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 30.00M shares Point-in-time
Common stock, shares issued CommonStockSharesIssued 8.71M shares Point-in-time
Prepaid income taxes PrepaidTaxes $2.32M USD Point-in-time
Prepaid income taxes PrepaidTaxes $3.81M USD Point-in-time
Common stock, shares issued CommonStockSharesIssued 8.65M shares Point-in-time
Other current assets OtherAssetsCurrent $1.32M USD Point-in-time
Other current assets OtherAssetsCurrent $1.05M USD Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 8.71M shares Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 8.65M shares Point-in-time
Deferred income taxes DeferredTaxAssetsNetCurrent $3.25M USD Point-in-time
Deferred income taxes DeferredTaxAssetsNetCurrent $3.25M USD Point-in-time
TOTAL CURRENT ASSETS AssetsCurrent $69.91M USD Point-in-time
TOTAL CURRENT ASSETS AssetsCurrent $65.77M USD Point-in-time
PROPERTY, PLANT AND EQUIPMENT, net PropertyPlantAndEquipmentNet $18.15M USD Point-in-time
PROPERTY, PLANT AND EQUIPMENT, net PropertyPlantAndEquipmentNet $18.44M USD Point-in-time
Investments LongTermInvestments $11.54M USD Point-in-time
Investments LongTermInvestments $10.59M USD Point-in-time
Funded pension assets DefinedBenefitPlanAssetsForPlanBenefitsNoncurrent $152.01K USD Point-in-time
Funded pension assets DefinedBenefitPlanAssetsForPlanBenefitsNoncurrent $172.41K USD Point-in-time
Other assets OtherAssetsMiscellaneousNoncurrent $857.79K USD Point-in-time
Other assets OtherAssetsMiscellaneousNoncurrent $514.68K USD Point-in-time
TOTAL OTHER ASSETS OtherAssetsNoncurrent $11.60M USD Point-in-time
TOTAL OTHER ASSETS OtherAssetsNoncurrent $12.23M USD Point-in-time
TOTAL ASSETS Assets $100.29M USD Point-in-time
TOTAL ASSETS Assets $95.80M USD Point-in-time
TOTAL ASSETS Assets $101.07M USD Point-in-time
Current portion of long-term debt LongTermDebtCurrent $524.22K USD Point-in-time
Current portion of long-term debt LongTermDebtCurrent $500.10K USD Point-in-time
Accounts payable AccountsPayableCurrent $6.46M USD Point-in-time
Accounts payable AccountsPayableCurrent $5.18M USD Point-in-time
Accrued compensation and benefits EmployeeRelatedLiabilitiesCurrent $2.94M USD Point-in-time
Accrued compensation and benefits EmployeeRelatedLiabilitiesCurrent $3.70M USD Point-in-time
Other accrued liabilities OtherAccruedLiabilitiesCurrent $2.39M USD Point-in-time
Other accrued liabilities OtherAccruedLiabilitiesCurrent $2.15M USD Point-in-time
Dividends payable DividendsPayableCurrent $1.45M USD Point-in-time
Dividends payable DividendsPayableCurrent $1.46M USD Point-in-time
TOTAL CURRENT LIABILITIES LiabilitiesCurrent $13.75M USD Point-in-time
TOTAL CURRENT LIABILITIES LiabilitiesCurrent $12.99M USD Point-in-time
Uncertain tax positions LiabilityForUncertainTaxPositionsNoncurrent $77.28K USD Point-in-time
Uncertain tax positions LiabilityForUncertainTaxPositionsNoncurrent $77.82K USD Point-in-time
Deferred income taxes DeferredTaxLiabilitiesNoncurrent $1.00M USD Point-in-time
Deferred income taxes DeferredTaxLiabilitiesNoncurrent $1.09M USD Point-in-time
Long term debt - mortgage payable SecuredLongTermDebt $103.60K USD Point-in-time
TOTAL LONG-TERM LIABILITIES LiabilitiesNoncurrent $1.27M USD Point-in-time
TOTAL LONG-TERM LIABILITIES LiabilitiesNoncurrent $1.08M USD Point-in-time
COMMITMENTS AND CONTINGENCIES (Footnote 7) CommitmentsAndContingencies - USD Point-in-time
COMMITMENTS AND CONTINGENCIES (Footnote 7) CommitmentsAndContingencies - USD Point-in-time
Preferred stock, par value $1.00 per share; 3,000,000 shares authorized; none issued PreferredStockValue - USD Point-in-time
Preferred stock, par value $1.00 per share; 3,000,000 shares authorized; none issued PreferredStockValue - USD Point-in-time
Common stock, par value $.05 per share; 30,000,000 shares 8,707,564 and 8,654,756 shares issued and outstanding, respectively CommonStockValue $435.38K USD Point-in-time
Common stock, par value $.05 per share; 30,000,000 shares 8,707,564 and 8,654,756 shares issued and outstanding, respectively CommonStockValue $432.74K USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $39.23M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $38.59M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $47.69M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $42.08M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-783.00K USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-695.16K USD Point-in-time
TOTAL STOCKHOLDERS' EQUITY StockholdersEquity $86.02M USD Point-in-time
TOTAL STOCKHOLDERS' EQUITY StockholdersEquity $80.97M USD Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY LiabilitiesAndStockholdersEquity $100.29M USD Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY LiabilitiesAndStockholdersEquity $95.80M USD Point-in-time
Income Statement 46 line items
Line Item Tag Value Unit Period
Sales SalesRevenueNet $19.54M USD 1 Quarter
Sales SalesRevenueNet $25.20M USD 1 Quarter
Cost of sales CostOfRevenue $14.66M USD 1 Quarter
Cost of sales CostOfRevenue $16.21M USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $9.00M USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $10.58M USD 1 Quarter
Restructuring expense RestructuringCharges - USD 1 Quarter
Restructuring expense RestructuringCharges $237.84K USD 1 Quarter
Total costs and expenses CostsAndExpenses $25.45M USD 1 Quarter
Total costs and expenses CostsAndExpenses $25.24M USD 1 Quarter
Operating loss OperatingIncomeLoss $-251.93K USD 1 Quarter
Operating loss OperatingIncomeLoss $-5.69M USD 1 Quarter
Investment and other income InvestmentIncomeInterestAndDividend $62.96K USD 1 Quarter
Investment and other income InvestmentIncomeInterestAndDividend $5.96K USD 1 Quarter
Gain on sale of assets GainLossOnDispositionOfAssets $5.74K USD 1 Quarter
Gain on sale of assets GainLossOnDispositionOfAssets $4.29K USD 1 Quarter
Interest and other expense InterestAndDebtExpense $24.66K USD 1 Quarter
Interest and other expense InterestAndDebtExpense $13.22K USD 1 Quarter
Other income (expense), net NonoperatingIncomeExpense $54.03K USD 1 Quarter
Other income (expense), net NonoperatingIncomeExpense $-12.96K USD 1 Quarter
Loss from operations before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $-264.89K USD 1 Quarter
Loss from operations before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $-5.64M USD 1 Quarter
Income tax benefit IncomeTaxExpenseBenefit $-1.47M USD 1 Quarter
Income tax benefit IncomeTaxExpenseBenefit $-124.31K USD 1 Quarter
Net loss NetIncomeLoss $-4.16M USD 1 Quarter
Net loss NetIncomeLoss $-140.58K USD 1 Quarter
Additional minimum pension liability adjustments OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $12.65K USD 1 Quarter
Additional minimum pension liability adjustments OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $87.34K USD 1 Quarter
Unrealized gain(loss) on available-for-sale securities OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $55.12K USD 1 Quarter
Unrealized gain(loss) on available-for-sale securities OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $-22.89K USD 1 Quarter
Foreign currency translation adjustment OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $26.55K USD 1 Quarter
Foreign currency translation adjustment OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-130.32K USD 1 Quarter
Total other comprehensive loss OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-87.84K USD 1 Quarter
Total other comprehensive loss OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-83.68K USD 1 Quarter
Comprehensive loss ComprehensiveIncomeNetOfTax $-224.27K USD 1 Quarter
Comprehensive loss ComprehensiveIncomeNetOfTax $-4.25M USD 1 Quarter
Basic net loss per share: EarningsPerShareBasic $-0.48 USD 1 Quarter
Basic net loss per share: EarningsPerShareBasic $-0.02 USD 1 Quarter
Diluted net loss per share: EarningsPerShareDiluted $-0.48 USD 1 Quarter
Diluted net loss per share: EarningsPerShareDiluted $-0.02 USD 1 Quarter
Weighted Average Basic Shares Outstanding WeightedAverageNumberOfSharesOutstandingBasic 8.57M shares 1 Quarter
Weighted Average Basic Shares Outstanding WeightedAverageNumberOfSharesOutstandingBasic 8.66M shares 1 Quarter
Weighted Average Dilutive Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding 8.57M shares 1 Quarter
Weighted Average Dilutive Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding 8.66M shares 1 Quarter
Dividends declared per share CommonStockDividendsPerShareDeclared $0.16 USD 1 Quarter
Dividends declared per share CommonStockDividendsPerShareDeclared $0.16 USD 1 Quarter
Cash Flow Statement 70 line items
Line Item Tag Value Unit Period
Net loss NetIncomeLoss $-4.16M USD 1 Quarter
Net loss NetIncomeLoss $-140.58K USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $560.62K USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $780.48K USD 1 Quarter
Share based compensation ShareBasedCompensation $48.28K USD 1 Quarter
Share based compensation ShareBasedCompensation $238.35K USD 1 Quarter
Deferred taxes DeferredIncomeTaxExpenseBenefit $-89.25K USD 1 Quarter
Deferred taxes DeferredIncomeTaxExpenseBenefit $91.36K USD 1 Quarter
Gain on sale of assets GainLossOnDispositionOfAssets $5.74K USD 1 Quarter
Gain on sale of assets GainLossOnDispositionOfAssets $4.29K USD 1 Quarter
Excess tax benefit from share-based payments ExcessTaxBenefitFromShareBasedCompensationOperatingActivities $-9.07K USD 1 Quarter
Excess tax benefit from share-based payments ExcessTaxBenefitFromShareBasedCompensationOperatingActivities $-5.71K USD 1 Quarter
Trade receivables IncreaseDecreaseInAccountsReceivable $-2.96M USD 1 Quarter
Trade receivables IncreaseDecreaseInAccountsReceivable $-6.69M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $1.40M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $733.91K USD 1 Quarter
Prepaid income taxes IncreaseDecreaseInPrepaidTaxes $1.50M USD 1 Quarter
Prepaid income taxes IncreaseDecreaseInPrepaidTaxes $225.64K USD 1 Quarter
Other assets IncreaseDecreaseInOtherOperatingAssets $-14.64K USD 1 Quarter
Other assets IncreaseDecreaseInOtherOperatingAssets $657.49K USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $1.07M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $617.54K USD 1 Quarter
Accrued compensation and benefits IncreaseDecreaseInEmployeeRelatedLiabilities $-371.71K USD 1 Quarter
Accrued compensation and benefits IncreaseDecreaseInEmployeeRelatedLiabilities $-996.14K USD 1 Quarter
Other accrued liabilities IncreaseDecreaseInOtherAccruedLiabilities $256.33K USD 1 Quarter
Other accrued liabilities IncreaseDecreaseInOtherAccruedLiabilities $-98.91K USD 1 Quarter
Income taxes payable IncreaseDecreaseInAccruedIncomeTaxesPayable $-3.66K USD 1 Quarter
Income taxes payable IncreaseDecreaseInAccruedIncomeTaxesPayable $-5.17K USD 1 Quarter
Net cash (used in) provided by operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $-2.88M USD 1 Quarter
Net cash (used in) provided by operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $5.82M USD 1 Quarter
Capital expenditures PaymentsToAcquireProductiveAssets $853.07K USD 1 Quarter
Capital expenditures PaymentsToAcquireProductiveAssets $823.63K USD 1 Quarter
Purchases of investments PaymentsToAcquireInvestments $6.54M USD 1 Quarter
Proceeds from the sale of fixed assets ProceedsFromSaleOfProductiveAssets $22.85K USD 1 Quarter
Proceeds from the sale of fixed assets ProceedsFromSaleOfProductiveAssets $5.74K USD 1 Quarter
Proceeds from the sale of investments ProceedsFromSaleMaturityAndCollectionsOfInvestments $734.54K USD 1 Quarter
Proceeds from the sale of investments ProceedsFromSaleMaturityAndCollectionsOfInvestments $1.38M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $-95.68K USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $-5.98M USD 1 Quarter
Cash dividends paid PaymentsOfDividends $1.40M USD 1 Quarter
Cash dividends paid PaymentsOfDividends $1.37M USD 1 Quarter
Mortgage principal payments RepaymentsOfSecuredDebt $119.32K USD 1 Quarter
Mortgage principal payments RepaymentsOfSecuredDebt $127.73K USD 1 Quarter
Proceeds from issuance of common stock, net of shares withheld ProceedsFromIssuanceOfCommonStock $35.69K USD 1 Quarter
Proceeds from issuance of common stock, net of shares withheld ProceedsFromIssuanceOfCommonStock $-7.54K USD 1 Quarter
Excess tax benefit from stock-based payments ExcessTaxBenefitFromShareBasedCompensationFinancingActivities $-9.07K USD 1 Quarter
Excess tax benefit from stock-based payments ExcessTaxBenefitFromShareBasedCompensationFinancingActivities $-5.71K USD 1 Quarter
Payment of contingent consideration related to acquisition PaymentsOfMergerRelatedCostsFinancingActivities $565.65K USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $-2.03M USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $-1.54M USD 1 Quarter
EFFECT OF FOREIGN EXCHANGE RATE CHANGES ON CASH EffectOfExchangeRateOnCashAndCashEquivalents $9.37K USD 1 Quarter
EFFECT OF FOREIGN EXCHANGE RATE CHANGES ON CASH EffectOfExchangeRateOnCashAndCashEquivalents $-78.66K USD 1 Quarter
NET DECREASE IN CASH AND CASH EQUIVALENTS CashAndCashEquivalentsPeriodIncreaseDecrease $-2.17M USD 1 Quarter
NET DECREASE IN CASH AND CASH EQUIVALENTS CashAndCashEquivalentsPeriodIncreaseDecrease $-4.59M USD 1 Quarter
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD CashAndCashEquivalentsAtCarryingValue $17.89M USD Point-in-time
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD CashAndCashEquivalentsAtCarryingValue $13.74M USD Point-in-time
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD CashAndCashEquivalentsAtCarryingValue $9.15M USD Point-in-time
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD CashAndCashEquivalentsAtCarryingValue $20.06M USD Point-in-time
CASH AND CASH EQUIVALENTS AT END OF PERIOD CashAndCashEquivalentsAtCarryingValue $17.89M USD Point-in-time
CASH AND CASH EQUIVALENTS AT END OF PERIOD CashAndCashEquivalentsAtCarryingValue $13.74M USD Point-in-time
CASH AND CASH EQUIVALENTS AT END OF PERIOD CashAndCashEquivalentsAtCarryingValue $9.15M USD Point-in-time
CASH AND CASH EQUIVALENTS AT END OF PERIOD CashAndCashEquivalentsAtCarryingValue $20.06M USD Point-in-time
Income taxes paid IncomeTaxesPaidNet $14.61K USD 1 Quarter
Income taxes paid IncomeTaxesPaidNet $500.00 USD 1 Quarter
Interest paid InterestPaid $13.12K USD 1 Quarter
Interest paid InterestPaid $18.41K USD 1 Quarter
Dividends declared not paid DividendsPayableCurrentAndNoncurrent $1.45M USD Point-in-time
Dividends declared not paid DividendsPayableCurrentAndNoncurrent $1.46M USD Point-in-time
Capital expenditures in accounts payable CapitalExpendituresIncurredButNotYetPaid $237.33K USD 1 Quarter
Capital expenditures in accounts payable CapitalExpendituresIncurredButNotYetPaid $218.02K USD 1 Quarter
Stockholders Equity 15 line items
Line Item Tag Value Unit Period
BALANCE StockholdersEquity $86.02M USD Point-in-time
BALANCE StockholdersEquity $80.97M USD Point-in-time
Net loss NetIncomeLoss $-4.16M USD 1 Quarter
Net loss NetIncomeLoss $-140.58K USD 1 Quarter
Issuance of common stock under Employee Stock Purchase Plan StockIssuedDuringPeriodValueEmployeeStockPurchasePlan $42.29K USD 1 Quarter
Issuance of common stock to Employee Stock Ownership Plan StockIssuedDuringPeriodValueEmployeeStockOwnershipPlan $385.42K USD 1 Quarter
Issuance of common stock under Executive Stock Plan StockIssuedDuringPeriodValueShareBasedCompensation $822.00 USD 1 Quarter
Tax benefit from stock based payments AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation $-5.71K USD 1 Quarter
Share-based compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $238.35K USD 1 Quarter
Purchase of common stock StockRepurchasedDuringPeriodValue $50.66K USD 1 Quarter
Shareholder dividends Dividends $1.41M USD 1 Quarter
Other comprehensive loss OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-87.84K USD 1 Quarter
Other comprehensive loss OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-83.68K USD 1 Quarter
BALANCE StockholdersEquity $86.02M USD Point-in-time
BALANCE StockholdersEquity $80.97M USD Point-in-time

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

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