Charles & Colvard, Ltd.: 10-Q filed 2024-05-06

Name: Charles & Colvard, Ltd.: 10-Q filed 2024-05-06
Creator: Charles & Colvard, Ltd.

What Charles & Colvard, Ltd. reported in its quarterly report filed 2024-05-06 (fiscal Q3 2024): 45 published measures, 131 facts as tagged in accession 0001140361-24-024560.

This filing

Form: 10-Q (quarterly report)
Filed: 2024-05-06
Fiscal period: fiscal Q3 2024
Accession: 0001140361-24-024560 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 Charles & Colvard, Ltd. 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 2024-03-31	40,962,873	USD
At 2023-06-30	48,884,088	USD

Total liabilities

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

Period	Value	Unit	Days
At 2024-03-31	10,037,394	USD
At 2023-06-30	9,109,502	USD

Stockholders equity

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

Period	Value	Unit
At 2024-03-31	30,925,479	USD
At 2023-12-31	34,487,842	USD
At 2023-09-30	37,286,573	USD
At 2023-06-30	39,774,586	USD
At 2023-03-31	48,987,290	USD
At 2022-12-31	57,348,704	USD
At 2022-09-30	58,311,992	USD
At 2022-06-30	59,557,767	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 2024-03-31	3,685,729	USD
At 2023-06-30	10,446,532	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
2024-01-01 to 2024-03-31	-3,632,707	USD	91
2023-07-01 to 2024-03-31	-9,038,069	USD	275
2023-10-01 to 2023-12-31	-2,865,905	USD	92
2023-07-01 to 2023-09-30	-2,539,457	USD	92
2023-01-01 to 2023-03-31	-8,396,008	USD	90
2022-07-01 to 2023-03-31	-10,327,981	USD	274
2022-10-01 to 2022-12-31	-1,041,781	USD	92
2022-07-01 to 2022-09-30	-890,192	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
2023-07-01 to 2024-03-31	-6,056,759	USD	275
2022-07-01 to 2023-03-31	-3,827,470	USD	274

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 2024-03-31	723,256	USD	275
2022-07-01 to 2023-03-31	884,030	USD	274

Contract revenue excluding tax

Revenue from customer contracts excluding assessed taxes under this specific taxonomy concept. It is not automatically comparable to older revenue tags.

Period	Value	Unit	Days
2024-01-01 to 2024-03-31	5,261,966	USD	91
2023-07-01 to 2024-03-31	18,120,629	USD	275
2023-01-01 to 2023-03-31	6,641,799	USD	90
2022-07-01 to 2023-03-31	24,382,003	USD	274

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 2024-03-31	500,000	USD	275
2022-07-01 to 2023-03-31	-451,815	USD	274

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 2024-03-31	-772,550	USD	275
2022-07-01 to 2023-03-31	-929,427	USD	274

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 2024-03-31	-52,221,634	USD
At 2023-06-30	-43,183,565	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
2024-01-01 to 2024-03-31	30,344,955	shares	91
2023-07-01 to 2024-03-31	30,344,955	shares	275
2023-01-01 to 2023-03-31	30,344,954	shares	90
2022-07-01 to 2023-03-31	30,387,303	shares	274

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
2024-01-01 to 2024-03-31	30,344,955	shares	91
2023-07-01 to 2024-03-31	30,344,955	shares	275
2023-01-01 to 2023-03-31	30,344,954	shares	90
2022-07-01 to 2023-03-31	30,387,303	shares	274

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
2024-01-01 to 2024-03-31	-0.12	USD/shares	91
2023-07-01 to 2024-03-31	-0.3	USD/shares	275
2023-01-01 to 2023-03-31	-0.28	USD/shares	90
2022-07-01 to 2023-03-31	-0.34	USD/shares	274

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
2024-01-01 to 2024-03-31	-0.12	USD/shares	91
2023-07-01 to 2024-03-31	-0.3	USD/shares	275
2023-01-01 to 2023-03-31	-0.28	USD/shares	90
2022-07-01 to 2023-03-31	-0.34	USD/shares	274

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
2024-01-01 to 2024-03-31	0	USD	91
2023-07-01 to 2024-03-31	0	USD	275
2023-01-01 to 2023-03-31	6,293,048	USD	90
2022-07-01 to 2023-03-31	5,858,155	USD	274

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 2024-03-31	2,699,133	USD
At 2023-06-30	2,491,569	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
2024-01-01 to 2024-03-31	70,343	USD	91
2023-07-01 to 2024-03-31	188,961	USD	275
2023-01-01 to 2023-03-31	34,594	USD	90
2022-07-01 to 2023-03-31	209,319	USD	274

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
2024-01-01 to 2024-03-31	-3,698,132	USD	91
2023-07-01 to 2024-03-31	-9,267,543	USD	275
2023-01-01 to 2023-03-31	-2,172,119	USD	90
2022-07-01 to 2023-03-31	-4,638,761	USD	274

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 2024-03-31	21,290,144	USD
At 2023-06-30	24,576,396	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
2024-01-01 to 2024-03-31	9,103	USD	91
2023-07-01 to 2024-03-31	14,672	USD	275
2023-01-01 to 2023-03-31	0	USD	90
2022-07-01 to 2023-03-31	0	USD	274

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 2024-03-31	8,619,916	USD
At 2023-06-30	7,061,760	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 2024-03-31	5,865,435	USD
At 2023-06-30	4,786,155	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 2024-03-31	340,528	USD
At 2023-06-30	305,703	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 2024-03-31	566,570	USD
At 2023-06-30	380,085	USD

Common-stock repurchase payments

Cash paid to reacquire common stock during the period. This is not an authorization limit or a direct measure of the net change in share count.

Period	Value	Unit	Days
2023-07-01 to 2024-03-31	0	USD	275
2022-07-01 to 2023-03-31	451,815	USD	274

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 2024-03-31	10,439,754	USD
At 2023-06-30	7,476,046	USD

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 2024-03-31	30,344,955	shares
At 2023-06-30	30,523,705	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 2024-03-31	9,239,602	USD
At 2023-06-30	15,568,911	USD
At 2023-03-31	15,970,628	USD
At 2022-06-30	21,179,340	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 2024-03-31	1,715,475	USD
At 2023-06-30	2,183,232	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 2024-03-31	2,315,695	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 2024-03-31	49,660	USD
At 2023-06-30	49,658	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 2024-03-31	1,356,264	USD
At 2023-06-30	1,395,479	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 2024-03-31	794,218	USD
At 2023-06-30	901,354	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
2024-01-01 to 2024-03-31	-3,632,707	USD	91
2023-07-01 to 2024-03-31	-9,038,069	USD	275
2023-01-01 to 2023-03-31	-2,102,960	USD	90
2022-07-01 to 2023-03-31	-4,469,826	USD	274

General and administrative expense

General and administrative costs reported under this concept, separate from selling expense. Filers group overhead differently, so compare presentation before comparing companies.

Period	Value	Unit	Days
2024-01-01 to 2024-03-31	1,199,511	USD	91
2023-07-01 to 2024-03-31	4,550,841	USD	275
2023-01-01 to 2023-03-31	1,053,357	USD	90
2022-07-01 to 2023-03-31	3,654,788	USD	274

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
2024-01-01 to 2024-03-31	173,142	USD	91
2023-07-01 to 2024-03-31	530,161	USD	275
2023-01-01 to 2023-03-31	168,385	USD	90
2022-07-01 to 2023-03-31	477,285	USD	274

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
2024-01-01 to 2024-03-31	65,425	USD	91
2023-07-01 to 2024-03-31	229,474	USD	275
2023-01-01 to 2023-03-31	69,159	USD	90
2022-07-01 to 2023-03-31	168,935	USD	274

Deferred income tax expense or benefit

The deferred portion of income tax expense or benefit, arising from timing differences. It is not tax paid in the period.

Period	Value	Unit	Days
2023-07-01 to 2024-03-31	0	USD	275
2022-07-01 to 2023-03-31	5,851,904	USD	274

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 2024-03-31	10,770	USD	275
2022-07-01 to 2023-03-31	0	USD	274

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
2023-07-01 to 2024-03-31	16,486	USD	275
2022-07-01 to 2023-03-31	5,900	USD	274

Operating lease payments

Cash paid for operating lease liabilities during the period. It differs from lease expense recognized and excludes variable payments in some presentations.

Period	Value	Unit	Days
2024-01-01 to 2024-03-31	251,000	USD	91
2023-07-01 to 2024-03-31	730,000	USD	275
2023-01-01 to 2023-03-31	237,000	USD	90
2022-07-01 to 2023-03-31	704,000	USD	274

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 2024-03-31	145,461	USD	275
2022-07-01 to 2023-03-31	-1,246,221	USD	274

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 2024-03-31	-1,445,889	USD	275
2022-07-01 to 2023-03-31	-64,514	USD	274

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
2023-07-01 to 2024-03-31	1,079,280	USD	275
2022-07-01 to 2023-03-31	-1,284,419	USD	274

Inspect the source

Entity: Charles & Colvard, Ltd. / CIK 0001015155
Captured: 2026-09-21T17:17:39.846Z
SEC response SHA-256: 29ce55ebd7c958a9c70c03587c475ba159e40c50faa16be7b829096220db10e5

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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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