FRANKLIN WIRELESS CORP.: 10-Q filed 2020-02-13

Name: FRANKLIN WIRELESS CORP.: 10-Q filed 2020-02-13
Creator: FRANKLIN WIRELESS CORP.

What FRANKLIN WIRELESS CORP. reported in its quarterly report filed 2020-02-13 (fiscal Q2 2020): 52 published measures, 153 facts as tagged in accession 0001683168-20-000474.

This filing

Form: 10-Q (quarterly report)
Filed: 2020-02-13
Fiscal period: fiscal Q2 2020
Accession: 0001683168-20-000474 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 FRANKLIN WIRELESS 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 2019-12-31	30,825,288	USD
At 2019-06-30	21,195,276	USD

Total liabilities

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

Period	Value	Unit	Days
At 2019-12-31	14,508,166	USD
At 2019-06-30	5,920,826	USD

Stockholders equity

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

Period	Value	Unit	Days
At 2019-12-31	15,638,970	USD
At 2019-06-30	14,785,404	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
At 2019-12-31	9,385,486	USD
At 2019-06-30	6,447,505	USD
At 2018-12-31	12,550,779	USD
At 2018-06-30	11,975,944	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
2019-10-01 to 2019-12-31	580,878	USD	92
2019-07-01 to 2019-12-31	834,816	USD	184
2019-07-01 to 2019-09-30	253,938	USD	92
2018-10-01 to 2018-12-31	-515,379	USD	92
2018-07-01 to 2018-12-31	-336,645	USD	184
2018-07-01 to 2018-09-30	178,734	USD	92

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
2019-07-01 to 2019-12-31	3,413,142	USD	184
2018-07-01 to 2018-12-31	936,813	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
2019-07-01 to 2019-12-31	138,090	USD	184
2018-07-01 to 2018-12-31	58,599	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
2019-10-01 to 2019-12-31	13,263,855	USD	92
2019-07-01 to 2019-12-31	22,134,130	USD	184
2018-10-01 to 2018-12-31	9,185,756	USD	92
2018-07-01 to 2018-12-31	22,514,692	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
2019-07-01 to 2019-12-31	-493,911	USD	184
2018-07-01 to 2018-12-31	-358,679	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 2019-12-31	13,312,257	USD
At 2019-06-30	12,477,441	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
2019-10-01 to 2019-12-31	10,570,203	shares	92
2019-07-01 to 2019-12-31	10,570,203	shares	184
2018-10-01 to 2018-12-31	10,570,203	shares	92
2018-07-01 to 2018-12-31	10,570,203	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
2019-10-01 to 2019-12-31	10,708,028	shares	92
2019-07-01 to 2019-12-31	10,708,028	shares	184
2018-10-01 to 2018-12-31	10,570,203	shares	92
2018-07-01 to 2018-12-31	10,570,203	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
2019-10-01 to 2019-12-31	0.05	USD/shares	92
2019-07-01 to 2019-12-31	0.08	USD/shares	184
2018-10-01 to 2018-12-31	-0.05	USD/shares	92
2018-07-01 to 2018-12-31	-0.03	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
2019-10-01 to 2019-12-31	0.05	USD/shares	92
2019-07-01 to 2019-12-31	0.08	USD/shares	184
2018-10-01 to 2018-12-31	-0.05	USD/shares	92
2018-07-01 to 2018-12-31	-0.03	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
2019-10-01 to 2019-12-31	114,886	USD	92
2019-07-01 to 2019-12-31	175,860	USD	184
2018-10-01 to 2018-12-31	-119,010	USD	92
2018-07-01 to 2018-12-31	-77,040	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 2019-12-31	226,098	USD
At 2019-06-30	131,879	USD

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
2019-10-01 to 2019-12-31	797,460	USD	92
2019-07-01 to 2019-12-31	1,073,699	USD	184
2018-10-01 to 2018-12-31	-710,986	USD	92
2018-07-01 to 2018-12-31	-599,002	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 2019-12-31	25,272,497	USD
At 2019-06-30	17,139,129	USD

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 2019-12-31	13,518,773	USD
At 2019-06-30	5,920,826	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 2019-12-31	12,874,274	USD
At 2019-06-30	5,672,514	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 2019-12-31	273,285	USD
At 2019-06-30	273,285	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 2019-12-31	7,481,079	USD
At 2019-06-30	4,138,469	USD

Operating expenses

Recurring operating costs under this accounting concept, generally excluding production costs included in cost of sales. Check filing presentation before combining expense subtotals.

Period	Value	Unit	Days
2019-10-01 to 2019-12-31	1,794,167	USD	92
2019-07-01 to 2019-12-31	3,538,440	USD	184
2018-10-01 to 2018-12-31	1,992,050	USD	92
2018-07-01 to 2018-12-31	4,053,285	USD	184

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 2019-12-31	2,986,729	USD
At 2019-06-30	1,052,740	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
2019-10-01 to 2019-12-31	2,591,627	USD	92
2019-07-01 to 2019-12-31	4,612,139	USD	184
2018-10-01 to 2018-12-31	1,281,064	USD	92
2018-07-01 to 2018-12-31	3,454,283	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
2019-10-01 to 2019-12-31	10,672,228	USD	92
2019-07-01 to 2019-12-31	17,521,991	USD	184
2018-10-01 to 2018-12-31	7,904,692	USD	92
2018-07-01 to 2018-12-31	19,060,409	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
2019-10-01 to 2019-12-31	769,743	USD	92
2019-07-01 to 2019-12-31	1,618,504	USD	184
2018-10-01 to 2018-12-31	1,276,603	USD	92
2018-07-01 to 2018-12-31	2,580,622	USD	184

Research and development expense

Research and development costs recognized as expense. Capitalization policies and acquired projects can make this differ from total cash invested in development.

Period	Value	Unit	Days
2019-10-01 to 2019-12-31	1,024,424	USD	92
2019-07-01 to 2019-12-31	1,919,936	USD	184
2018-10-01 to 2018-12-31	715,447	USD	92
2018-07-01 to 2018-12-31	1,472,663	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 2019-12-31	10,570,203	shares
At 2019-06-30	10,570,203	shares

Additional paid-in capital

Capital contributed above par value under this concept. It records historical contributions, not the current value of the equity or cash on hand.

Period	Value	Unit	Days
At 2019-12-31	7,442,272	USD
At 2019-06-30	7,442,272	USD

Accumulated other comprehensive income or loss

Cumulative other comprehensive items after tax, such as translation and unrealized hedging or securities effects. These amounts have not passed through net income.

Period	Value	Unit	Days
At 2019-12-31	-616,052	USD
At 2019-06-30	-634,802	USD

Total equity including noncontrolling interests

Equity including the portion attributable to noncontrolling interests. It is larger than or equal to parent stockholders equity and is not market capitalization.

Period	Value	Unit
At 2019-12-31	16,317,122	USD
At 2019-09-30	15,546,113	USD
At 2019-06-30	15,274,450	USD
At 2018-12-31	16,368,036	USD
At 2018-09-30	17,144,684	USD
At 2018-06-30	17,035,357	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
At 2019-12-31	1,335,893	USD
At 2019-07-02	1,501,203	USD
At 2019-06-30	0	USD

Operating lease liability

Present value of remaining operating lease payments. Discount-rate choices and lease terms affect the amount; it is not the sum of undiscounted future rent.

Period	Value	Unit	Days
At 2019-12-31	1,347,160	USD
At 2019-07-02	1,507,367	USD

Gross property, plant and equipment

Cost of property, plant and equipment before accumulated depreciation. Historical cost does not indicate current value or replacement cost.

Period	Value	Unit	Days
At 2019-12-31	1,681,504	USD
At 2019-06-30	1,543,414	USD

Accumulated depreciation on property, plant and equipment

Cumulative depreciation, depletion and amortization recorded against property, plant and equipment. It measures cost allocation to date, not physical wear or market value.

Period	Value	Unit	Days
At 2019-12-31	1,455,406	USD
At 2019-06-30	1,411,535	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 2019-12-31	1,272,071	USD
At 2019-06-30	1,109,911	USD

Other noncurrent assets

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

Period	Value	Unit	Days
At 2019-12-31	287,638	USD
At 2019-06-30	258,097	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 2019-12-31	236,933	USD
At 2019-06-30	247,658	USD

Prepaid expenses and other current assets

Prepayments and other current assets grouped under this concept. The balance is not cash and its composition differs by filer.

Period	Value	Unit	Days
At 2019-12-31	28,725	USD
At 2019-06-30	28,042	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
2019-10-01 to 2019-12-31	848,828	USD	92
2019-07-01 to 2019-12-31	1,199,782	USD	184
2018-10-01 to 2018-12-31	-671,872	USD	92
2018-07-01 to 2018-12-31	-506,732	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
2019-10-01 to 2019-12-31	733,942	USD	92
2019-07-01 to 2019-12-31	1,023,922	USD	184
2018-10-01 to 2018-12-31	-552,862	USD	92
2018-07-01 to 2018-12-31	-429,692	USD	184

Comprehensive income or loss

Net income plus other comprehensive income after tax. It includes unrealized items that net income excludes and is not a cash measure.

Period	Value	Unit	Days
2019-10-01 to 2019-12-31	617,945	USD	92
2019-07-01 to 2019-12-31	853,566	USD	184
2018-10-01 to 2018-12-31	-504,835	USD	92
2018-07-01 to 2018-12-31	-339,944	USD	184

Depreciation expense

Depreciation recognized for the period under this concept. It is a noncash allocation of asset cost and may exclude amortization and depletion reported elsewhere.

Period	Value	Unit	Days
2019-10-01 to 2019-12-31	23,746	USD	92
2019-07-01 to 2019-12-31	43,871	USD	184
2018-10-01 to 2018-12-31	27,909	USD	92
2018-07-01 to 2018-12-31	54,570	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
2019-10-01 to 2019-12-31	112,132	USD	92
2019-07-01 to 2019-12-31	198,268	USD	184
2018-10-01 to 2018-12-31	122,126	USD	92
2018-07-01 to 2018-12-31	245,931	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
2019-10-01 to 2019-12-31	10,774	USD	92
2019-07-01 to 2019-12-31	26,366	USD	184
2018-10-01 to 2018-12-31	7,778	USD	92
2018-07-01 to 2018-12-31	-6,306	USD	184

Nonoperating income or expense

Total nonoperating income or expense, which can include interest, investment results and other items. A positive value is not operating profit.

Period	Value	Unit	Days
2019-10-01 to 2019-12-31	51,368	USD	92
2019-07-01 to 2019-12-31	126,083	USD	184
2018-10-01 to 2018-12-31	39,114	USD	92
2018-07-01 to 2018-12-31	92,270	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
2019-07-01 to 2019-12-31	0	USD	184
2018-07-01 to 2018-12-31	0	USD	184

Income taxes paid, net

Cash income taxes paid net of refunds during the period. It differs from income tax expense and can reflect prior years and estimated payments.

Period	Value	Unit	Days
2019-07-01 to 2019-12-31	800	USD	184
2018-07-01 to 2018-12-31	800	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
2019-07-01 to 2019-12-31	3,302,551	USD	184
2018-07-01 to 2018-12-31	-948,864	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
2019-07-01 to 2019-12-31	1,933,989	USD	184
2018-07-01 to 2018-12-31	300,261	USD	184

Change in accounts payable

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

Period	Value	Unit	Days
2019-07-01 to 2019-12-31	7,201,760	USD	184
2018-07-01 to 2018-12-31	638,137	USD	184

Inspect the source

Entity: FRANKLIN WIRELESS CORP. / CIK 0000722572
Captured: 2026-09-19T14:59:56.743Z
SEC response SHA-256: 28938bf7cc9e041bfc6ca8f5942fcd76af2b95cb0daf44313b466eed72b2bc44

Current SEC company facts · Download the original response snapshot (gzip) · Download the selected JSON

Every published concept a filing tagged, with the periods it covered, as reported in that filing at capture time. Forms 10-K, 10-K/A, 10-Q, 10-Q/A, 20-F, 20-F/A, 40-F, 40-F/A. A filing page needs at least 8 published concepts. Later filings can restate these values; the company history pages show the latest-filed value per period.

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Read the published dataset with Python

import json
from urllib.request import urlopen

with urlopen("https://canlicapital.com/company-data/0000722572.json") as response:
    record = json.load(response)
print(record["fetched_at"])
print(record["policy"])
for concept in record["concepts"]:
    print(concept["tag"], next(iter(concept["observations"])))