Horizontal Analysis
Horizontal
| Horizontal Analysis | ||||||||
| Balance Sheet | 2003 | % Change | $ Change | 2002 | % Change | $ Change | 2001 | |
| Assets | ||||||||
| Current Assets | ||||||||
| Cash | $ 2,388.00 | $ 1,695.00 | $ 453.00 | |||||
| Accounts receivable | $ 5,592.00 | $ 3,432.00 | $ 2,094.00 | |||||
| Inventories | $ 9,434.00 | $ 5,034.00 | $ 3,266.00 | |||||
| Notes Receivable | $ 2,681.00 | $ 1,592.00 | $ 622.00 | |||||
| Deferred Net Taxes | $ 211.00 | $ 209.00 | $ 299.00 | |||||
| Intangible Assets | $ 1,157.00 | $ 971.00 | $ 552.00 | |||||
| Total Current Assets | $ 21,463.00 | $ 12,933.00 | $ 7,286.00 | |||||
| Equipment | $ 6,940.00 | $ 910.00 | $ 600.00 | |||||
| Other Assets | $ 183.00 | $ 167.00 | $ 163.00 | |||||
| Deferred Income Taxes | $ 222.00 | $ 126.00 | $ 34.00 | |||||
| Intangible Assets | $ 274.00 | $ 251.00 | $ 252.00 | |||||
| Total Assets | $ 29,082.00 | $ 14,387.00 | $ 8,335.00 | |||||
| Liabilities and Stockholder's Equity | ||||||||
| Current Liabilities | ||||||||
| Notes Payable | $ 1,625.00 | $ 1,328.00 | $ 1,021.00 | |||||
| Long-Term Obligations | $ 136.00 | $ 103.00 | $ 95.00 | |||||
| Accounts Payable | $ 5,862.00 | $ 3,871.00 | $ 2,307.00 | |||||
| Income taxes payable | $ 614.00 | $ 591.00 | $ 86.00 | |||||
| Total Current Liabilities | $ 8,237.00 | $ 5,893.00 | $ 3,509.00 | |||||
| Long-Term Obligations | $ 367.00 | $ 161.00 | $ 79.00 | |||||
| Deferred income taxes | $ 242.00 | $ - 0 | $ - 0 | |||||
| Total Liabilities | $ 8,846.00 | $ 6,054.00 | $ 3,588.00 | |||||
| Stockholder's Equity | ||||||||
| Common Stock | $ 183.00 | $ 56.00 | $ 37.00 | |||||
| Additional Paid-in Capital | $ 14,213.00 | $ 7,086.00 | $ 3,810.00 | |||||
| Retained Earnings | $ 5,840.00 | $ 1,191.00 | $ 900.00 | |||||
| Total Stockholder's Equity | $ 20,236.00 | $ 8,333.00 | $ 4,747.00 | |||||
| Total Liabilities Stockholder's Equity | $ 29,082.00 | $ 14,387.00 | $ 8,335.00 | |||||
| Income Statement | 2003 | % Change | $ Change | 2002 | % Change | $ Change | 2001 | |
| Sales | $ 18,848.00 | $ 12,445.00 | $ 8,213.00 | |||||
| Cost of Goods Sold | $ 10,598.00 | $ 6,833.00 | $ 4,523.00 | |||||
| Gross Margin | $ 8,250.00 | $ 5,612.00 | $ 3,690.00 | |||||
| General & Administrative Expenses | $ 967.00 | $ 3,366.00 | $ 1,889.00 | |||||
| Research & Developmental Costs | $ 149.00 | $ 1,335.00 | $ 895.00 | |||||
| Income From Operations | $ 7,134.00 | $ 911.00 | $ 906.00 | |||||
| Net Interest Expense | $ 217.00 | $ 64.00 | $ 161.00 | |||||
| Loss on Sale or Receivables | $ - 0 | $ - 0 | $ 77.00 | |||||
| Income Before Taxes | $ 6,917.00 | $ 847.00 | $ 668.00 | |||||
| Provision for Income Taxes | $ 2,268.00 | $ 556.00 | $ 284.00 | |||||
| Net Income | $ 4,649.00 | $ 291.00 | $ 384.00 |
Vertical
| Vertical Analysis | |||||||||
| Balance Sheet | 2003 | % of Assets | 2002 | % of Assets | 2001 | % of Assets | |||
| Assets | |||||||||
| Current Assets | |||||||||
| Cash | $ 2,388.00 | $ 1,695.00 | $ 453.00 | ||||||
| Accounts receivable | $ 5,592.00 | $ 3,432.00 | $ 2,094.00 | ||||||
| Inventories | $ 9,434.00 | $ 5,034.00 | $ 3,266.00 | ||||||
| Notes Receivable | $ 2,681.00 | $ 1,592.00 | $ 622.00 | ||||||
| Deferred Net Taxes | $ 211.00 | $ 209.00 | $ 299.00 | ||||||
| Intangible Assets | $ 1,157.00 | $ 971.00 | $ 552.00 | ||||||
| Total Current Assets | $ 21,463.00 | $ 12,933.00 | $ 7,286.00 | ||||||
| Equipment | $ 6,940.00 | $ 910.00 | $ 600.00 | ||||||
| Other Assets | $ 183.00 | $ 167.00 | $ 163.00 | ||||||
| Deferred Income Taxes | $ 222.00 | $ 126.00 | $ 34.00 | ||||||
| Intangible Assets | $ 274.00 | $ 251.00 | $ 252.00 | ||||||
| Total Assets | $ 29,082.00 | $ 14,387.00 | $ 8,335.00 | ||||||
| Liabilities and Stockholder's Equity | |||||||||
| Current Liabilities | |||||||||
| Notes Payable | $ 1,625.00 | $ 1,328.00 | $ 1,021.00 | ||||||
| Long -Term Obligations | $ 136.00 | $ 103.00 | $ 95.00 | ||||||
| Accounts Payable | $ 5,862.00 | $ 3,871.00 | $ 2,307.00 | ||||||
| Income taxes payable | $ 614.00 | $ 591.00 | $ 86.00 | ||||||
| Total Current Liabilities | $ 8,237.00 | $ 5,893.00 | $ 3,509.00 | ||||||
| Long -Term Obligations | $ 367.00 | $ 161.00 | $ 79.00 | ||||||
| Deferred income taxes | $ 242.00 | $ - 0 | $ - 0 | ||||||
| Total Liabilities | $ 8,846.00 | $ 6,054.00 | $ 3,588.00 | ||||||
| Stockholder's Equity | |||||||||
| Common Stock | $ 183.00 | $ 56.00 | $ 37.00 | ||||||
| Additional Paid-in Capital | $ 14,213.00 | $ 7,086.00 | $ 3,810.00 | ||||||
| Retained Earnings | $ 5,840.00 | $ 1,191.00 | $ 900.00 | ||||||
| Total Stockholder's Equity | $ 20,236.00 | $ 8,333.00 | $ 4,747.00 | ||||||
| Total Liabilities Stockholder's Equity | $ 29,082.00 | $ 14,387.00 | $ 8,335.00 | ||||||
| Income Statement | 2003 | % of Income | 2002 | % of Income | 2001 | % of Income | |||
| Sales | $ 18,848.00 | $ 12,445.00 | $ 8,213.00 | ||||||
| Cost of Goods Sold | $ 10,598.00 | $ 6,833.00 | $ 4,523.00 | ||||||
| Gross Margin | $ 8,250.00 | $ 5,612.00 | $ 3,690.00 | ||||||
| General & Administrative Expenses | $ 967.00 | $ 3,366.00 | $ 1,889.00 | ||||||
| Research & Developmental Costs | $ 149.00 | $ 1,335.00 | $ 895.00 | ||||||
| Income From Operations | $ 7,134.00 | $ 911.00 | $ 906.00 | ||||||
| Net Interest Expense | $ 217.00 | $ 64.00 | $ 161.00 | ||||||
| Loss on Sale or Receivables | $ - 0 | $ - 0 | $ 77.00 | ||||||
| Income Before Taxes | $ 6,917.00 | $ 847.00 | $ 668.00 | ||||||
| Provision for Income Taxes | $ 2,268.00 | $ 556.00 | $ 284.00 | ||||||
| Net Income | $ 4,649.00 | $ 291.00 | $ 384.00 |
Ratio
| Ratio Analysis | |
| Current Ratio | |
| Quick Ratio | |
| Receivable Turnover | |
| Collection Ratio | |
| Inventory Turnover | |
| Average Days Inventory in Stock | |
| Debt-to-Equity Ratio | |
| Profit Margin | |
| Asset Turnover |