PRECISION OPTICS CORPORATION, INC.: 10-K filed 2017-09-28

Name: PRECISION OPTICS CORPORATION, INC.: 10-K filed 2017-09-28
Creator: PRECISION OPTICS CORPORATION, INC.

What PRECISION OPTICS CORPORATION, INC. reported in its annual report filed 2017-09-28 (fiscal FY 2017): 41 published measures, 84 facts as tagged in accession 0001683168-17-002502.

This filing

Form: 10-K (annual report)
Filed: 2017-09-28
Fiscal period: fiscal FY 2017
Accession: 0001683168-17-002502 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 PRECISION OPTICS CORPORATION, INC. 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 2017-06-30	1,800,725	USD
At 2016-06-30	2,123,088	USD

Stockholders equity

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

Period	Value	Unit
At 2017-06-30	558,380	USD
At 2016-06-30	587,172	USD
At 2015-06-30	666,888	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 2017-06-30	118,405	USD
At 2016-06-30	50,059	USD
At 2015-06-30	241,051	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
2016-07-01 to 2017-06-30	-1,006,457	USD	365
2015-07-01 to 2016-06-30	-1,034,765	USD	366

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
2016-07-01 to 2017-06-30	-667,434	USD	365
2015-07-01 to 2016-06-30	-876,298	USD	366

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
2016-07-01 to 2017-06-30	27,719	USD	365
2015-07-01 to 2016-06-30	4,372	USD	366

Revenue

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

Period	Value	Unit	Days
2016-07-01 to 2017-06-30	3,154,547	USD	365
2015-07-01 to 2016-06-30	3,916,702	USD	366

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
2016-07-01 to 2017-06-30	769,196	USD	365
2015-07-01 to 2016-06-30	661,201	USD	366

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
2016-07-01 to 2017-06-30	-33,416	USD	365
2015-07-01 to 2016-06-30	24,105	USD	366

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 2017-06-30	-44,670,732	USD
At 2016-06-30	-43,664,275	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
2016-07-01 to 2017-06-30	8,343,235	shares	365
2015-07-01 to 2016-06-30	7,157,978	shares	366

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
2016-07-01 to 2017-06-30	8,343,235	shares	365
2015-07-01 to 2016-06-30	7,157,978	shares	366

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
2016-07-01 to 2017-06-30	-0.12	USD/shares	365
2015-07-01 to 2016-06-30	-0.15	USD/shares	366

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
2016-07-01 to 2017-06-30	-0.12	USD/shares	365
2015-07-01 to 2016-06-30	-0.15	USD/shares	366

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
2016-07-01 to 2017-06-30	912	USD	365
2015-07-01 to 2016-06-30	912	USD	366

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 2017-06-30	72,254	USD
At 2016-06-30	78,195	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
2016-07-01 to 2017-06-30	201,612	USD	365
2015-07-01 to 2016-06-30	241,388	USD	366

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
2016-07-01 to 2017-06-30	-1,002,401	USD	365
2015-07-01 to 2016-06-30	-1,055,434	USD	366

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 2017-06-30	1,698,385	USD
At 2016-06-30	2,022,019	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
2016-07-01 to 2017-06-30	3,144	USD	365
2015-07-01 to 2016-06-30	469	USD	366

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 2017-06-30	1,218,781	USD
At 2016-06-30	1,503,961	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 2017-06-30	694,958	USD
At 2016-06-30	1,151,561	USD

Net finite-lived intangible assets

Finite-lived intangible assets after amortization. This excludes goodwill and should not be combined with indefinite-lived intangible assets without checking scope.

Period	Value	Unit	Days
At 2017-06-30	30,086	USD
At 2016-06-30	22,874	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 2017-06-30	468,548	USD
At 2016-06-30	750,380	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
2016-07-01 to 2017-06-30	1,776,125	USD	365
2015-07-01 to 2016-06-30	1,997,455	USD	366

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 2017-06-30	1,055,447	USD
At 2016-06-30	1,133,451	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
2016-07-01 to 2017-06-30	773,724	USD	365
2015-07-01 to 2016-06-30	942,021	USD	366

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
2016-07-01 to 2017-06-30	1,313,478	USD	365
2015-07-01 to 2016-06-30	1,551,895	USD	366

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
2016-07-01 to 2017-06-30	464,162	USD	365
2015-07-01 to 2016-06-30	478,267	USD	366

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 2017-06-30	8,872,916	shares
At 2016-06-30	7,539,582	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 2017-06-30	45,140,383	USD
At 2016-06-30	44,176,051	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 2017-06-30	3,209,089	USD
At 2016-06-30	3,201,044	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 2017-06-30	3,136,835	USD
At 2016-06-30	3,122,849	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 2017-06-30	71,000	USD
At 2016-06-30	65,550	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
2016-07-01 to 2017-06-30	-1,005,545	USD	365
2015-07-01 to 2016-06-30	-1,033,853	USD	366

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
2016-07-01 to 2017-06-30	33,660	USD	365
2015-07-01 to 2016-06-30	25,856	USD	366

Depreciation, depletion and amortization

Combined depreciation, depletion and amortization for the period. A noncash allocation of asset cost, not a measure of maintenance spending.

Period	Value	Unit	Days
2016-07-01 to 2017-06-30	33,660	USD	365
2015-07-01 to 2016-06-30	25,856	USD	366

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
2016-07-01 to 2017-06-30	0	USD	365
2015-07-01 to 2016-06-30	0	USD	366

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
2016-07-01 to 2017-06-30	-281,832	USD	365
2015-07-01 to 2016-06-30	162,338	USD	366

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
2016-07-01 to 2017-06-30	-78,004	USD	365
2015-07-01 to 2016-06-30	60,195	USD	366

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
2016-07-01 to 2017-06-30	-457,603	USD	365
2015-07-01 to 2016-06-30	261,461	USD	366

Inspect the source

Entity: PRECISION OPTICS CORPORATION, INC. / CIK 0000867840
Captured: 2026-09-20T05:00:17.512Z
SEC response SHA-256: f1f521401eebe3d37da585e76a4e0ae92da7eef1868356dfb292f24bda340752

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with urlopen("https://canlicapital.com/company-data/0000867840.json") as response:
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print(record["policy"])
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