10-Q Filing

SUNATION ENERGY, INC. CIK: 22701 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0000897101-18-000505`
Period End Date	20180331
Filing Date	20180515
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	jcs-20180331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 73 Income Statement 46 Cash Flow Statement 60 Stockholders Equity 14

Balance Sheet 73 line items

Line Item	Tag	Value	Unit	Period
Trade accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$106.00K	USD	Point-in-time
Trade accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$93.00K	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
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	3.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$12.45M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	3.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$11.59M	USD	Point-in-time
Investments	`ShortTermInvestments`	$6.02M	USD	Point-in-time
Investments	`ShortTermInvestments`	$5.54M	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
Trade accounts receivable, less allowance for doubtful accounts of $93,000 and $106,000, respectively	`AccountsReceivableNetCurrent`	$12.18M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.05	USD	Point-in-time
Trade accounts receivable, less allowance for doubtful accounts of $93,000 and $106,000, respectively	`AccountsReceivableNetCurrent`	$11.76M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.05	USD	Point-in-time
Inventories	`InventoryNet`	$13.98M	USD	Point-in-time
Inventories	`InventoryNet`	$14.23M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	30.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	30.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	9.12M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	8.97M	shares	Point-in-time
Prepaid income taxes	`PrepaidTaxes`	$441.77K	USD	Point-in-time
Prepaid income taxes	`PrepaidTaxes`	$493.83K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	8.97M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$810.53K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	9.12M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$1.41M	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$45.47M	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$45.45M	USD	Point-in-time
PROPERTY, PLANT AND EQUIPMENT, net	`PropertyPlantAndEquipmentNet`	$12.62M	USD	Point-in-time
PROPERTY, PLANT AND EQUIPMENT, net	`PropertyPlantAndEquipmentNet`	$12.23M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$38.14K	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$38.14K	USD	Point-in-time
Other assets, net	`OtherAssetsMiscellaneousNoncurrent`	$14.56K	USD	Point-in-time
Other assets, net	`OtherAssetsMiscellaneousNoncurrent`	$16.98K	USD	Point-in-time
TOTAL OTHER ASSETS	`OtherAssetsNoncurrent`	$55.11K	USD	Point-in-time
TOTAL OTHER ASSETS	`OtherAssetsNoncurrent`	$52.69K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$70.51M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$58.15M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$57.74M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$4.55M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$4.97M	USD	Point-in-time
Accrued compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$2.23M	USD	Point-in-time
Accrued compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$2.42M	USD	Point-in-time
Other accrued liabilities	`OtherAccruedLiabilitiesCurrent`	$2.65M	USD	Point-in-time
Other accrued liabilities	`OtherAccruedLiabilitiesCurrent`	$1.59M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrent`	$397.15K	USD	Point-in-time
Dividends payable	`DividendsPayableCurrent`	$371.55K	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$10.22M	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$8.96M	USD	Point-in-time
Long-term compensation plans	`LongTermCompensationPlans`	$26.93K	USD	Point-in-time
Long-term compensation plans	`LongTermCompensationPlans`	$11.08K	USD	Point-in-time
Uncertain tax positions	`LiabilityForUncertainTaxPositionsNoncurrent`	$4.47K	USD	Point-in-time
Uncertain tax positions	`LiabilityForUncertainTaxPositionsNoncurrent`	$4.07K	USD	Point-in-time
TOTAL LONG-TERM LIABILITIES	`LiabilitiesNoncurrent`	$15.14K	USD	Point-in-time
TOTAL LONG-TERM LIABILITIES	`LiabilitiesNoncurrent`	$31.40K	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES (Footnote 8)	`CommitmentsAndContingencies`	-	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES (Footnote 8)	`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 authorized; 9,122,986 and 8,973,708 shares issued and outstanding, respectively	`CommonStockValue`	$448.69K	USD	Point-in-time
Common stock, par value $.05 per share; 30,000,000 shares authorized; 9,122,986 and 8,973,708 shares issued and outstanding, respectively	`CommonStockValue`	$456.15K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$42.50M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$42.01M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$7.33M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$5.11M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-585.72K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-613.38K	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY	`StockholdersEquity`	$47.49M	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY	`StockholdersEquity`	$49.17M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$58.15M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$57.74M	USD	Point-in-time

Income Statement 46 line items

Line Item	Tag	Value	Unit	Period
Sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$16.77M	USD	1 Quarter
Sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$20.80M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$14.84M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$11.60M	USD	1 Quarter
Gross profit	`GrossProfit`	$5.97M	USD	1 Quarter
Gross profit	`GrossProfit`	$5.18M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$7.15M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$7.04M	USD	1 Quarter
Restructuring expense	`RestructuringCharges`	-	USD	1 Quarter
Restructuring expense	`RestructuringCharges`	$387.64K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$7.42M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$7.15M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-1.46M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-1.97M	USD	1 Quarter
Investment and other income	`InvestmentAndOtherIncomeLoss`	$104.12K	USD	1 Quarter
Investment and other income	`InvestmentAndOtherIncomeLoss`	$41.69K	USD	1 Quarter
Gain (Loss) on sale of assets	`GainLossOnDispositionOfAssets`	$-17.80K	USD	1 Quarter
Gain (Loss) on sale of assets	`GainLossOnDispositionOfAssets`	$27.53K	USD	1 Quarter
Interest and other expense	`InterestAndDebtExpense`	$9.56K	USD	1 Quarter
Interest and other expense	`InterestAndDebtExpense`	$9.71K	USD	1 Quarter
Other income, net	`NonoperatingIncomeExpense`	$14.33K	USD	1 Quarter
Other income, net	`NonoperatingIncomeExpense`	$121.95K	USD	1 Quarter
Loss from operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.85M	USD	1 Quarter
Loss from operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.45M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$7.57K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$70.01K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.86M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.52M	USD	1 Quarter
Unrealized loss on available-for-sale securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-1.78K	USD	1 Quarter
Unrealized loss on available-for-sale securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-6.43K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-4.99K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$34.09K	USD	1 Quarter
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$27.66K	USD	1 Quarter
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-6.77K	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-1.83M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-1.52M	USD	1 Quarter
Basic net loss per share:	`EarningsPerShareBasic`	$-0.17	USD	1 Quarter
Basic net loss per share:	`EarningsPerShareBasic`	$-0.21	USD	1 Quarter
Diluted net loss per share:	`EarningsPerShareDiluted`	$-0.21	USD	1 Quarter
Diluted net loss per share:	`EarningsPerShareDiluted`	$-0.17	USD	1 Quarter
Weighted Average Basic Shares Outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	9.00M	shares	1 Quarter
Weighted Average Basic Shares Outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	8.89M	shares	1 Quarter
Weighted Average Dilutive Shares Outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	9.00M	shares	1 Quarter
Weighted Average Dilutive Shares Outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	8.89M	shares	1 Quarter
Dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.04	USD	1 Quarter
Dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.04	USD	1 Quarter

Cash Flow Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-1.86M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.52M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$631.51K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$873.36K	USD	1 Quarter
Share based compensation	`ShareBasedCompensation`	$84.58K	USD	1 Quarter
Share based compensation	`ShareBasedCompensation`	$93.02K	USD	1 Quarter
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$9.41K	USD	1 Quarter
Loss/(gain) on sale of assets	`GainLossOnDispositionOfAssets1`	$-17.80K	USD	1 Quarter
Loss/(gain) on sale of assets	`GainLossOnDispositionOfAssets1`	$27.53K	USD	1 Quarter
Trade accounts receivables	`IncreaseDecreaseInAccountsReceivable`	$-427.81K	USD	1 Quarter
Trade accounts receivables	`IncreaseDecreaseInAccountsReceivable`	$-780.48K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-2.30M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$218.70K	USD	1 Quarter
Prepaid income taxes	`IncreaseDecreaseInPrepaidTaxes`	$-33.79K	USD	1 Quarter
Prepaid income taxes	`IncreaseDecreaseInPrepaidTaxes`	$-52.06K	USD	1 Quarter
Other assets, net	`IncreaseDecreaseInOtherOperatingAssets`	$-1.00K	USD	1 Quarter
Other assets, net	`IncreaseDecreaseInOtherOperatingAssets`	$591.02K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$433.15K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-1.40M	USD	1 Quarter
Accrued compensation and benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$249.53K	USD	1 Quarter
Accrued compensation and benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$674.91K	USD	1 Quarter
Other accrued liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$-181.34K	USD	1 Quarter
Other accrued liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$1.06M	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$408.00	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$2.04K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.69M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$239.51K	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$263.87K	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$38.08K	USD	1 Quarter
Purchases of investments	`PaymentsToAcquireInvestments`	$3.49M	USD	1 Quarter
Proceeds from the sale of property, plant and equipment	`ProceedsFromSaleOfProductiveAssets`	$29.01K	USD	1 Quarter
Proceeds from the sale of investments	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	$3.00M	USD	1 Quarter
Proceeds from the sale of investments	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	$3.44M	USD	1 Quarter
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$3.40M	USD	1 Quarter
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-719.04K	USD	1 Quarter
Cash dividends paid	`PaymentsOfDividends`	$368.39K	USD	1 Quarter
Cash dividends paid	`PaymentsOfDividends`	$390.74K	USD	1 Quarter
Proceeds from issuance of common stock, net of shares withheld	`ProceedsFromIssuanceOfCommonStockNetOfSharesWithheld`	$22.00K	USD	1 Quarter
Proceeds from issuance of common stock, net of shares withheld	`ProceedsFromIssuanceOfCommonStockNetOfSharesWithheld`	$1.34K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-389.40K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-346.39K	USD	1 Quarter
EFFECT OF FOREIGN EXCHANGE RATE CHANGES ON CASH	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$7.37K	USD	1 Quarter
EFFECT OF FOREIGN EXCHANGE RATE CHANGES ON CASH	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-16.91K	USD	1 Quarter
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$4.73M	USD	1 Quarter
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-861.55K	USD	1 Quarter
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$15.17M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$10.44M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$11.59M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$12.45M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$15.17M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$10.44M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$11.59M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$12.45M	USD	Point-in-time
Income taxes (refunded) paid	`IncomeTaxesPaidNet`	$-44.90K	USD	1 Quarter
Income taxes (refunded) paid	`IncomeTaxesPaidNet`	$24.74K	USD	1 Quarter
Interest paid	`InterestPaidNet`	$9.38K	USD	1 Quarter
Interest paid	`InterestPaidNet`	$9.45K	USD	1 Quarter
Dividends declared not paid	`DividendsPayableCurrentAndNoncurrent`	$371.55K	USD	Point-in-time
Dividends declared not paid	`DividendsPayableCurrentAndNoncurrent`	$398.47K	USD	Point-in-time
Capital expenditures in accounts payable	`CapitalExpendituresIncurredButNotYetPaid`	$61.30K	USD	1 Quarter

Stockholders Equity 14 line items

Line Item	Tag	Value	Unit	Period
December 31, 2017	`StockholdersEquity`	$47.49M	USD	Point-in-time
December 31, 2017	`StockholdersEquity`	$49.17M	USD	Point-in-time
Net loss	`NetIncomeLoss`	$-1.86M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.52M	USD	1 Quarter
Issuance of common stock under Employee Stock Purchase Plan	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$28.32K	USD	1 Quarter
Issuance of common stock to Employee Stock Ownership Plan	`StockIssuedDuringPeriodValueEmployeeStockOwnershipPlan`	$425.89K	USD	1 Quarter
Issuance of common stock under Executive Stock Plan	`StockIssuedDuringPeriodValueShareBasedCompensation`	$1.49K	USD	1 Quarter
Share based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$84.58K	USD	1 Quarter
Other share retirements	`StockRepurchasedAndRetiredDuringPeriodValue`	$28.46K	USD	1 Quarter
Shareholder dividends	`Dividends`	$365.13K	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$27.66K	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-6.77K	USD	1 Quarter
March 31, 2018	`StockholdersEquity`	$47.49M	USD	Point-in-time
March 31, 2018	`StockholdersEquity`	$49.17M	USD	Point-in-time

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