Track Group, Inc.: 10-Q filed 2023-05-11

Name: Track Group, Inc.: 10-Q filed 2023-05-11
Creator: Track Group, Inc.

What Track Group, Inc. reported in its quarterly report filed 2023-05-11 (fiscal Q2 2023): 50 published measures, 142 facts as tagged in accession 0001437749-23-013819.

This filing

Form: 10-Q (quarterly report)
Filed: 2023-05-11
Fiscal period: fiscal Q2 2023
Accession: 0001437749-23-013819 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 Track Group, 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 2023-03-31	42,835,860	USD
At 2022-09-30	44,680,840	USD

Total liabilities

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

Period	Value	Unit	Days
At 2023-03-31	48,980,421	USD
At 2022-09-30	49,735,567	USD

Stockholders equity

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

Period	Value	Unit
At 2023-03-31	-6,144,561	USD
At 2022-12-31	-4,804,347	USD
At 2022-09-30	-5,054,727	USD
At 2022-03-31	2,520,870	USD
At 2021-12-31	2,048,544	USD
At 2021-09-30	2,369,230	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
2023-01-01 to 2023-03-31	-1,485,258	USD	90
2022-10-01 to 2023-03-31	-1,448,874	USD	182
2022-10-01 to 2022-12-31	36,384	USD	92
2022-01-01 to 2022-03-31	452,241	USD	90
2021-10-01 to 2022-03-31	146,919	USD	182
2021-10-01 to 2021-12-31	-305,322	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
2022-10-01 to 2023-03-31	2,133,053	USD	182
2021-10-01 to 2022-03-31	1,263,350	USD	182

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
2022-10-01 to 2023-03-31	-276,666	USD	182
2021-10-01 to 2022-03-31	-249,142	USD	182

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
2022-10-01 to 2023-03-31	-3,548,322	USD	182
2021-10-01 to 2022-03-31	-2,359,136	USD	182

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 2023-03-31	-307,667,763	USD
At 2022-09-30	-306,218,889	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
2023-01-01 to 2023-03-31	11,863,758	shares	90
2022-10-01 to 2023-03-31	11,863,758	shares	182
2022-01-01 to 2022-03-31	11,541,452	shares	90
2021-10-01 to 2022-03-31	11,533,296	shares	182

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
2023-01-01 to 2023-03-31	11,863,758	shares	90
2022-10-01 to 2023-03-31	11,863,758	shares	182
2022-01-01 to 2022-03-31	11,955,969	shares	90
2021-10-01 to 2022-03-31	11,961,407	shares	182

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
2023-01-01 to 2023-03-31	-0.13	USD/shares	90
2022-10-01 to 2023-03-31	-0.12	USD/shares	182
2022-01-01 to 2022-03-31	0.04	USD/shares	90
2021-10-01 to 2022-03-31	0.01	USD/shares	182

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
2023-01-01 to 2023-03-31	-0.13	USD/shares	90
2022-10-01 to 2023-03-31	-0.12	USD/shares	182
2022-01-01 to 2022-03-31	0.04	USD/shares	90
2021-10-01 to 2022-03-31	0.01	USD/shares	182

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
2023-01-01 to 2023-03-31	305,863	USD	90
2022-10-01 to 2023-03-31	192,253	USD	182
2022-01-01 to 2022-03-31	126,794	USD	90
2021-10-01 to 2022-03-31	440,623	USD	182

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
2022-10-01 to 2023-03-31	113,209	USD	182
2021-10-01 to 2022-03-31	0	USD	182

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
2023-01-01 to 2023-03-31	-850,211	USD	90
2022-10-01 to 2023-03-31	-991,038	USD	182
2022-01-01 to 2022-03-31	7,371	USD	90
2021-10-01 to 2022-03-31	603,716	USD	182

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 2023-03-31	11,006,147	USD
At 2022-09-30	13,654,336	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
2023-01-01 to 2023-03-31	400,976	USD	90
2022-10-01 to 2023-03-31	820,526	USD	182
2022-01-01 to 2022-03-31	458,176	USD	90
2021-10-01 to 2022-03-31	939,736	USD	182

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 2023-03-31	5,777,728	USD
At 2022-09-30	6,358,039	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 2023-03-31	2,218,609	USD
At 2022-09-30	2,858,915	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
At 2023-03-31	8,032,723	USD
At 2022-09-30	8,061,002	USD
At 2021-09-30	8,519,998	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 2023-03-31	14,889,905	USD
At 2022-09-30	15,661,417	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
2023-01-01 to 2023-03-31	4,593,016	USD	90
2022-10-01 to 2023-03-31	8,914,521	USD	182
2022-01-01 to 2022-03-31	4,531,614	USD	90
2021-10-01 to 2022-03-31	8,735,498	USD	182

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 2023-03-31	991,754	USD
At 2022-09-30	1,053,245	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
2023-01-01 to 2023-03-31	3,742,805	USD	90
2022-10-01 to 2023-03-31	7,923,483	USD	182
2022-01-01 to 2022-03-31	4,538,985	USD	90
2021-10-01 to 2022-03-31	9,339,214	USD	182

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
2023-01-01 to 2023-03-31	4,565,241	USD	90
2022-10-01 to 2023-03-31	9,240,254	USD	182
2022-01-01 to 2022-03-31	4,945,134	USD	90
2021-10-01 to 2022-03-31	9,740,561	USD	182

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
2023-01-01 to 2023-03-31	706,772	USD	90
2022-10-01 to 2023-03-31	1,296,577	USD	182
2022-01-01 to 2022-03-31	625,477	USD	90
2021-10-01 to 2022-03-31	1,216,329	USD	182

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 2023-03-31	11,863,758	shares
At 2022-09-30	11,863,758	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 2023-03-31	302,550,802	USD
At 2022-09-30	302,437,593	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 2023-03-31	-1,028,786	USD
At 2022-09-30	-1,274,617	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 2023-03-31	497,614	USD

Long-term debt

Long-term borrowings under this concept, which can include the current portion depending on presentation. It is not total liabilities and may exclude leases and other obligations.

Period	Value	Unit	Days
At 2023-03-31	43,419,425	USD
At 2022-09-30	43,435,924	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 2023-03-31	2,041,200	USD
At 2022-09-30	1,999,917	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 2023-03-31	14,889,905	USD
At 2022-09-30	15,661,417	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 2023-03-31	3,056,248	USD
At 2022-09-30	3,509,655	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 2023-03-31	329,133	USD
At 2022-09-30	398,285	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 2023-03-31	3,013,254	USD
At 2022-09-30	3,042,443	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 2023-03-31	509,431	USD
At 2022-09-30	769,006	USD

Current contract liabilities

Consideration received before performance obligations are satisfied, often called deferred revenue. It is an obligation to deliver, not earned revenue or cash available.

Period	Value	Unit	Days
At 2023-03-31	1,292	USD
At 2022-09-30	3,299	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
2023-01-01 to 2023-03-31	-1,179,395	USD	90
2022-10-01 to 2023-03-31	-1,256,621	USD	182
2022-01-01 to 2022-03-31	579,035	USD	90
2021-10-01 to 2022-03-31	587,542	USD	182

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
2023-01-01 to 2023-03-31	-1,391,673	USD	90
2022-10-01 to 2023-03-31	-1,203,043	USD	182
2022-01-01 to 2022-03-31	472,326	USD	90
2021-10-01 to 2022-03-31	144,146	USD	182

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
2023-01-01 to 2023-03-31	2,869,799	USD	90
2022-10-01 to 2023-03-31	5,624,320	USD	182
2022-01-01 to 2022-03-31	2,770,657	USD	90
2021-10-01 to 2022-03-31	5,269,016	USD	182

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
2022-10-01 to 2023-03-31	2,112,016	USD	182
2021-10-01 to 2022-03-31	2,488,336	USD	182

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
2023-01-01 to 2023-03-31	656,323	USD	90
2022-10-01 to 2023-03-31	1,311,388	USD	182
2022-01-01 to 2022-03-31	846,455	USD	90
2021-10-01 to 2022-03-31	1,694,697	USD	182

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
2023-01-01 to 2023-03-31	0	USD	90
2022-10-01 to 2023-03-31	0	USD	182
2022-01-01 to 2022-03-31	633,471	USD	90
2021-10-01 to 2022-03-31	633,471	USD	182

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
2023-01-01 to 2023-03-31	-329,184	USD	90
2022-10-01 to 2023-03-31	-265,583	USD	182
2022-01-01 to 2022-03-31	571,664	USD	90
2021-10-01 to 2022-03-31	-16,174	USD	182

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
2022-10-01 to 2023-03-31	934,772	USD	182
2021-10-01 to 2022-03-31	952,708	USD	182

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
2022-10-01 to 2023-03-31	442,092	USD	182
2021-10-01 to 2022-03-31	320,545	USD	182

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
2022-10-01 to 2023-03-31	141,525	USD	182
2021-10-01 to 2022-03-31	135,146	USD	182

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
2022-10-01 to 2023-03-31	-746,123	USD	182
2021-10-01 to 2022-03-31	-746,130	USD	182

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
2022-10-01 to 2023-03-31	-61,491	USD	182
2021-10-01 to 2022-03-31	-109,934	USD	182

Inspect the source

Entity: Track Group, Inc. / CIK 0001045942
Captured: 2026-09-20T05:16:33.632Z
SEC response SHA-256: 915056ce6e8ad1b61cee7bfd1e33324307709f171b591f37a948927c6bfec6fc

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