Dynatronics Corp.: 10-Q filed 2024-02-07

Name: Dynatronics Corp.: 10-Q filed 2024-02-07
Creator: Dynatronics Corp.

What Dynatronics Corp. reported in its quarterly report filed 2024-02-07 (fiscal Q2 2023): 43 published measures, 127 facts as tagged in accession 0001062993-24-002134.

This filing

Form: 10-Q (quarterly report)
Filed: 2024-02-07
Fiscal period: fiscal Q2 2023
Accession: 0001062993-24-002134 on SEC EDGAR

Values are as tagged in this filing. A later filing can restate them; each measure links to its history page, which shows the latest-filed value per period. All Dynatronics Corp. filings.

Reported measures

Total assets

Resources recognized on the balance sheet. Book assets are not the market value of the business.

Period	Value	Unit	Days
At 2023-12-31	29,298,917	USD
At 2023-06-30	30,062,875	USD

Total liabilities

Recognized obligations at the reporting date. The definition and scope differ from interest-bearing debt.

Period	Value	Unit	Days
At 2023-12-31	13,769,136	USD
At 2023-06-30	13,206,349	USD

Stockholders equity

The reported residual interest after liabilities. It is an accounting amount, not market capitalization.

Period	Value	Unit
At 2023-12-31	15,529,781	USD
At 2023-09-30	16,545,045	USD
At 2023-06-30	16,856,526	USD
At 2023-03-31	19,215,476	USD
At 2022-12-31	20,438,121	USD
At 2022-09-30	21,253,033	USD
At 2022-06-30	21,698,558	USD

Cash and cash equivalents

Cash and qualifying short-term liquid investments under the filer’s accounting policy. Restricted cash and longer-term investments may be reported separately.

Period	Value	Unit	Days
At 2023-12-31	401,107	USD
At 2023-06-30	398,797	USD

Net income or loss

Reported profit or loss for the period. Check the filing for attribution, exceptional items and discontinued operations before comparing companies.

Period	Value	Unit	Days
2023-10-01 to 2023-12-31	-1,011,416	USD	92
2023-07-01 to 2023-12-31	-1,342,070	USD	184
2022-10-01 to 2022-12-31	-840,867	USD	92
2022-07-01 to 2022-12-31	-1,346,793	USD	184

Operating cash flow

Cash generated or used by operating activities. Working-capital timing can make this differ substantially from reported income.

Period	Value	Unit	Days
2023-07-01 to 2023-12-31	-1,523,339	USD	184
2022-07-01 to 2022-12-31	291,662	USD	184

Capital expenditure payments

Cash payments to acquire property, plant and equipment. This taxonomy concept does not capture every form of investment or acquisition.

Period	Value	Unit	Days
2023-07-01 to 2023-12-31	230,415	USD	184
2022-07-01 to 2022-12-31	126,465	USD	184

Revenue

Revenue under this specific accounting concept. A missing value is not zero; filers can use other revenue concepts.

Period	Value	Unit	Days
2023-10-01 to 2023-12-31	8,151,351	USD	92
2023-07-01 to 2023-12-31	17,503,266	USD	184
2022-10-01 to 2022-12-31	10,882,557	USD	92
2022-07-01 to 2022-12-31	22,935,758	USD	184

Financing cash flow

Net cash from financing activities, including borrowing, repayments and transactions with owners. A positive amount does not establish operating profitability.

Period	Value	Unit	Days
2023-07-01 to 2023-12-31	1,756,064	USD	184
2022-07-01 to 2022-12-31	-181,020	USD	184

Investing cash flow

Net cash from investing activities, including asset purchases, disposals and investment transactions. This differs from capital expenditure payments alone.

Period	Value	Unit	Days
2023-07-01 to 2023-12-31	-230,415	USD	184
2022-07-01 to 2022-12-31	-126,465	USD	184

Retained earnings or deficit

Accumulated undistributed earnings or deficit at the reporting date. This balance is not cash available for distribution.

Period	Value	Unit	Days
At 2023-12-31	-27,209,950	USD
At 2023-06-30	-25,479,577	USD

Basic weighted-average shares

Time-weighted shares used for basic earnings per share. This denominator differs from shares outstanding at a single reporting date.

Period	Value	Unit	Days
2023-10-01 to 2023-12-31	4,524,965	shares	92
2023-07-01 to 2023-12-31	4,393,279	shares	184
2022-10-01 to 2022-12-31	3,794,333	shares	92
2022-07-01 to 2022-12-31	3,750,930	shares	184

Diluted weighted-average shares

Weighted-average shares used for diluted earnings per share. Potential shares are included under the applicable dilution rules, not simply added to outstanding shares.

Period	Value	Unit	Days
2023-10-01 to 2023-12-31	4,524,965	shares	92
2023-07-01 to 2023-12-31	4,393,279	shares	184
2022-10-01 to 2022-12-31	3,794,333	shares	92
2022-07-01 to 2022-12-31	3,750,930	shares	184

Basic earnings per share

Reported earnings or loss per basic common share or unit. Inspect attribution, share classes and restatements before comparing periods. This is not a market return.

Period	Value	Unit	Days
2023-10-01 to 2023-12-31	-0.27	USD/shares	92
2023-07-01 to 2023-12-31	-0.39	USD/shares	184
2022-10-01 to 2022-12-31	-0.27	USD/shares	92
2022-07-01 to 2022-12-31	-0.45	USD/shares	184

Diluted earnings per share

Reported earnings or loss per share under dilution rules. Antidilutive instruments may be excluded. A diluted value can equal the basic value without implying no potential dilution.

Period	Value	Unit	Days
2023-10-01 to 2023-12-31	-0.27	USD/shares	92
2023-07-01 to 2023-12-31	-0.39	USD/shares	184
2022-10-01 to 2022-12-31	-0.27	USD/shares	92
2022-07-01 to 2022-12-31	-0.45	USD/shares	184

Income tax expense or benefit

Current and deferred income tax expense or benefit for continuing operations. This accounting expense differs from cash taxes paid.

Period	Value	Unit	Days
2023-10-01 to 2023-12-31	-739	USD	92
2023-07-01 to 2023-12-31	10,743	USD	184
2022-10-01 to 2022-12-31	4,030	USD	92
2022-07-01 to 2022-12-31	4,030	USD	184

Net property, plant and equipment

Carrying amount of property, plant and equipment after accumulated depreciation, depletion and amortization. It is not replacement cost or market value.

Period	Value	Unit	Days
At 2023-12-31	2,296,582	USD
At 2023-06-30	2,448,282	USD

Share-based compensation expense

Reported noncash expense for share-based payment arrangements. Noncash treatment does not mean the awards have no economic cost to shareholders.

Period	Value	Unit	Days
2023-07-01 to 2023-12-31	15,325	USD	184
2022-07-01 to 2022-12-31	86,356	USD	184

Operating income or loss

Operating revenue less operating expenses for the reporting period. It excludes items outside the reported operating result and is not free cash flow.

Period	Value	Unit	Days
2023-10-01 to 2023-12-31	-901,712	USD	92
2023-07-01 to 2023-12-31	-1,141,201	USD	184
2022-10-01 to 2022-12-31	-799,520	USD	92
2022-07-01 to 2022-12-31	-1,274,513	USD	184

Current assets

Assets classified as current under the normal operating cycle or one-year boundary. Not all current assets can be converted immediately into cash.

Period	Value	Unit	Days
At 2023-12-31	12,894,593	USD
At 2023-06-30	12,418,875	USD

Interest expense

Borrowing costs recognized as interest expense. This is distinct from cash interest paid and may not include every capitalized borrowing cost.

Period	Value	Unit	Days
2023-10-01 to 2023-12-31	110,443	USD	92
2023-07-01 to 2023-12-31	190,126	USD	184
2022-10-01 to 2022-12-31	37,941	USD	92
2022-07-01 to 2022-12-31	69,396	USD	184

Current liabilities

Obligations classified as current under the operating-cycle or one-year boundary. The balance includes more than short-term borrowing.

Period	Value	Unit	Days
At 2023-12-31	9,173,808	USD
At 2023-06-30	7,940,992	USD

Current accounts payable

Current amounts owed to suppliers for goods and services received. This is one component of current liabilities, not all accrued obligations.

Period	Value	Unit	Days
At 2023-12-31	3,974,681	USD
At 2023-06-30	4,529,703	USD

Goodwill carrying amount

Recognized goodwill remaining after accumulated impairment. It arises from business combinations and does not measure the current value of the company’s brand.

Period	Value	Unit	Days
At 2023-12-31	7,116,614	USD
At 2023-06-30	7,116,614	USD

Net current accounts receivable

Current customer receivables after the allowance for credit loss. The balance is not cash collected or a guarantee of collection.

Period	Value	Unit	Days
At 2023-12-31	3,737,876	USD
At 2023-06-30	3,721,677	USD

Net inventory

Inventory carrying amount after applicable valuation and LIFO reserves. It does not establish realizable selling proceeds or inventory turnover without other inputs.

Period	Value	Unit	Days
At 2023-12-31	6,753,064	USD
At 2023-06-30	7,403,194	USD

Gross profit

Revenue less the costs directly attributed to the goods or services sold. It precedes other operating expenses and is not net income.

Period	Value	Unit	Days
2023-10-01 to 2023-12-31	1,819,855	USD	92
2023-07-01 to 2023-12-31	4,125,921	USD	184
2022-10-01 to 2022-12-31	3,062,186	USD	92
2022-07-01 to 2022-12-31	6,705,026	USD	184

Cost of revenue

Costs attributed to goods produced and sold and services provided during the period. This is not the sum of every operating expense.

Period	Value	Unit	Days
2023-10-01 to 2023-12-31	6,331,496	USD	92
2023-07-01 to 2023-12-31	13,377,345	USD	184
2022-10-01 to 2022-12-31	7,820,371	USD	92
2022-07-01 to 2022-12-31	16,230,732	USD	184

Selling, general and administrative expense

Selling and general administrative costs reported under this concept. It is an expense category, not a substitute for total operating expenses.

Period	Value	Unit	Days
2023-10-01 to 2023-12-31	2,721,567	USD	92
2023-07-01 to 2023-12-31	5,267,122	USD	184
2022-10-01 to 2022-12-31	3,861,706	USD	92
2022-07-01 to 2022-12-31	7,979,539	USD	184

Common shares outstanding

Common shares outstanding at the reporting date. This point-in-time count differs from the weighted-average shares used for earnings per share and can exclude other share classes.

Period	Value	Unit	Days
At 2023-12-31	4,530,837	shares
At 2023-06-30	4,044,984	shares

Cash including restricted cash

Cash, cash equivalents and restricted cash as reported in the cash flow reconciliation. Restricted amounts are not freely available, so this is not the same as unrestricted cash.

Period	Value	Unit
At 2023-12-31	555,180	USD
At 2023-06-30	552,870	USD
At 2022-12-31	685,494	USD
At 2022-06-30	701,317	USD

Operating lease right-of-use asset

Carrying amount of the right to use leased assets under operating leases. It reflects discounted remaining payments, not the value of the underlying property.

Period	Value	Unit	Days
At 2023-12-31	3,133,712	USD
At 2023-06-30	3,631,780	USD

Net intangible assets excluding goodwill

Intangible assets other than goodwill after amortization and impairment. Internally developed intangibles are usually not recognized, so this understates what a company relies on.

Period	Value	Unit	Days
At 2023-12-31	3,309,125	USD
At 2023-06-30	3,618,275	USD

Other noncurrent liabilities

Noncurrent liabilities the filer does not present separately. The composition differs by filer and is described only in the filing.

Period	Value	Unit	Days
At 2023-12-31	196,676	USD
At 2023-06-30	201,725	USD

Accrued current liabilities

Current obligations accrued for goods and services received but not yet invoiced or paid. This is one component of current liabilities, not all short-term obligations.

Period	Value	Unit	Days
At 2023-12-31	1,094,105	USD
At 2023-06-30	891,467	USD

Pre-tax income or loss from continuing operations

Income or loss from continuing operations before income taxes and noncontrolling interests. It excludes discontinued operations and is not net income.

Period	Value	Unit	Days
2023-10-01 to 2023-12-31	-1,012,155	USD	92
2023-07-01 to 2023-12-31	-1,331,327	USD	184
2022-10-01 to 2022-12-31	-836,837	USD	92
2022-07-01 to 2022-12-31	-1,342,763	USD	184

Profit or loss including noncontrolling interests

Net income or loss including the portion attributable to noncontrolling interests. It can differ from the net income attributable to the parent that per-share figures use.

Period	Value	Unit	Days
2023-10-01 to 2023-12-31	-1,011,416	USD	92
2023-07-01 to 2023-09-30	-330,654	USD	92
2023-04-01 to 2023-06-30	-2,381,082	USD	91
2023-01-01 to 2023-03-31	-1,245,493	USD	90
2022-10-01 to 2022-12-31	-840,867	USD	92
2022-07-01 to 2022-09-30	-505,926	USD	92

Net income available to common stockholders

Net income after preferred dividends and similar adjustments, the numerator for basic earnings per share. It can be lower than reported net income.

Period	Value	Unit	Days
2023-10-01 to 2023-12-31	-1,202,660	USD	92
2023-07-01 to 2023-12-31	-1,730,372	USD	184
2022-10-01 to 2022-12-31	-1,013,995	USD	92
2022-07-01 to 2022-12-31	-1,690,497	USD	184

Amortization of intangible assets

Amortization recognized on finite-lived intangible assets. It follows acquisition accounting and does not indicate the intangibles are losing usefulness at that rate.

Period	Value	Unit	Days
2023-07-01 to 2023-12-31	309,150	USD	184
2022-07-01 to 2022-12-31	313,301	USD	184

Other nonoperating income or expense

Other income or expense outside operations under this concept. The composition is filer-specific and can include one-time items.

Period	Value	Unit	Days
2023-10-01 to 2023-12-31	-110,443	USD	92
2023-07-01 to 2023-12-31	-190,126	USD	184
2022-10-01 to 2022-12-31	-37,317	USD	92
2022-07-01 to 2022-12-31	-68,250	USD	184

Interest paid, net

Cash interest paid during the period, net of amounts capitalized where the filer reports it that way. It differs from interest expense recognized.

Period	Value	Unit	Days
2023-07-01 to 2023-12-31	302,546	USD	184
2022-07-01 to 2022-12-31	93,789	USD	184

Change in accounts receivable

The cash flow adjustment for the change in receivables during the period. A positive value under this concept means receivables grew and reduced operating cash flow.

Period	Value	Unit	Days
2023-07-01 to 2023-12-31	-15,574	USD	184
2022-07-01 to 2022-12-31	-235,978	USD	184

Change in inventories

The cash flow adjustment for the change in inventories during the period. A positive value under this concept means inventory grew and reduced operating cash flow.

Period	Value	Unit	Days
2023-07-01 to 2023-12-31	-560,443	USD	184
2022-07-01 to 2022-12-31	-1,400,659	USD	184

Inspect the source

Entity: Dynatronics Corp. / CIK 0000720875
Captured: 2026-09-21T17:16:45.814Z
SEC response SHA-256: 5863ecdd266487536f97fda51ee51ef48c6acc1554bd19eed1a53c91f69d187a

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