VirTra, Inc.: 10-Q filed 2020-08-12

Name: VirTra, Inc.: 10-Q filed 2020-08-12
Creator: VirTra, Inc.

What VirTra, Inc. reported in its quarterly report filed 2020-08-12 (fiscal Q2 2020): 44 published measures, 125 facts as tagged in accession 0001493152-20-015285.

This filing

Form: 10-Q (quarterly report)
Filed: 2020-08-12
Fiscal period: fiscal Q2 2020
Accession: 0001493152-20-015285 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 VirTra, 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 2020-06-30	18,309,520	USD
At 2019-12-31	17,459,793	USD

Total liabilities

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

Period	Value	Unit	Days
At 2020-06-30	9,111,621	USD
At 2019-12-31	7,278,593	USD

Stockholders equity

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

Period	Value	Unit
At 2020-06-30	9,197,899	USD
At 2020-03-31	9,795,312	USD
At 2019-12-31	10,181,200	USD
At 2019-06-30	9,333,778	USD
At 2019-03-31	10,023,587	USD
At 2018-12-31	10,597,331	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 2020-06-30	3,779,820	USD
At 2019-12-31	1,415,091	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
2020-04-01 to 2020-06-30	-601,260	USD	91
2020-01-01 to 2020-06-30	-990,670	USD	182
2019-04-01 to 2019-06-30	-633,731	USD	91
2019-01-01 to 2019-06-30	-946,633	USD	181

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
2020-01-01 to 2020-06-30	-290,375	USD	182
2019-01-01 to 2019-06-30	-1,932,470	USD	181

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
2020-01-01 to 2020-06-30	304,739	USD	182
2019-01-01 to 2019-06-30	309,921	USD	181

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
2020-04-01 to 2020-06-30	2,769,779	USD	91
2020-01-01 to 2020-06-30	6,107,942	USD	182
2019-04-01 to 2019-06-30	3,054,313	USD	91
2019-01-01 to 2019-06-30	6,105,651	USD	181

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
2020-01-01 to 2020-06-30	1,328,083	USD	182
2019-01-01 to 2019-06-30	-316,920	USD	181

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
2020-01-01 to 2020-06-30	1,327,021	USD	182
2019-01-01 to 2019-06-30	1,142,710	USD	181

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 2020-06-30	-4,704,925	USD
At 2019-12-31	-3,714,255	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
2020-04-01 to 2020-06-30	7,752,780	shares	91
2020-01-01 to 2020-06-30	7,749,091	shares	182
2019-04-01 to 2019-06-30	7,735,303	shares	91
2019-01-01 to 2019-06-30	7,750,370	shares	181

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
2020-04-01 to 2020-06-30	7,752,780	shares	91
2020-01-01 to 2020-06-30	7,749,091	shares	182
2019-04-01 to 2019-06-30	7,735,303	shares	91
2019-01-01 to 2019-06-30	7,750,370	shares	181

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
2020-04-01 to 2020-06-30	-0.08	USD/shares	91
2020-01-01 to 2020-06-30	-0.13	USD/shares	182
2019-04-01 to 2019-06-30	-0.08	USD/shares	91
2019-01-01 to 2019-06-30	-0.12	USD/shares	181

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
2020-04-01 to 2020-06-30	-0.08	USD/shares	91
2020-01-01 to 2020-06-30	-0.13	USD/shares	182
2019-04-01 to 2019-06-30	-0.08	USD/shares	91
2019-01-01 to 2019-06-30	-0.12	USD/shares	181

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
2020-04-01 to 2020-06-30	-211,474	USD	91
2020-01-01 to 2020-06-30	-314,474	USD	182
2019-04-01 to 2019-06-30	-217,248	USD	91
2019-01-01 to 2019-06-30	-324,248	USD	181

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 2020-06-30	1,157,774	USD
At 2019-12-31	1,028,198	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
2020-04-01 to 2020-06-30	-821,918	USD	91
2020-01-01 to 2020-06-30	-1,333,822	USD	182
2019-04-01 to 2019-06-30	-883,479	USD	91
2019-01-01 to 2019-06-30	-1,340,582	USD	181

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 2020-06-30	12,225,526	USD
At 2019-12-31	11,528,734	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 2020-06-30	5,364,772	USD
At 2019-12-31	4,355,454	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 2020-06-30	742,753	USD
At 2019-12-31	621,127	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 2020-06-30	2,741,191	USD
At 2019-12-31	2,307,972	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
2020-04-01 to 2020-06-30	2,399,685	USD	91
2020-01-01 to 2020-06-30	4,506,816	USD	182
2019-04-01 to 2019-06-30	2,398,525	USD	91
2019-01-01 to 2019-06-30	4,656,097	USD	181

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 2020-06-30	2,928,803	USD
At 2019-12-31	1,949,414	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
2020-04-01 to 2020-06-30	1,577,767	USD	91
2020-01-01 to 2020-06-30	3,172,994	USD	182
2019-04-01 to 2019-06-30	1,515,046	USD	91
2019-01-01 to 2019-06-30	3,315,515	USD	181

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
2020-04-01 to 2020-06-30	376,611	USD	91
2020-01-01 to 2020-06-30	706,366	USD	182
2019-04-01 to 2019-06-30	353,665	USD	91
2019-01-01 to 2019-06-30	709,306	USD	181

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 2020-06-30	7,760,030	shares
At 2019-12-31	7,745,030	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 2020-06-30	13,902,047	USD
At 2019-12-31	13,894,680	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 2020-06-30	1,244,374	USD
At 2019-12-31	1,390,873	USD
At 2019-01-02	1,674,857	USD
At 2018-12-31	1,674,857	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
At 2020-06-30	1,326,463	USD
At 2019-12-31	1,472,126	USD
At 2019-01-02	1,721,380	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 2020-06-30	3,557,768	USD
At 2019-12-31	3,253,029	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 2020-06-30	2,399,994	USD
At 2019-12-31	2,224,831	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 2020-06-30	256,725	USD
At 2019-12-31	217,930	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 2020-06-30	350,728	USD
At 2019-12-31	351,236	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 2020-06-30	434,186	USD
At 2019-12-31	353,975	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 2020-06-30	2,808,142	USD
At 2019-12-31	2,490,845	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
2020-04-01 to 2020-06-30	-812,734	USD	91
2020-01-01 to 2020-06-30	-1,305,144	USD	182
2019-04-01 to 2019-06-30	-850,979	USD	91
2019-01-01 to 2019-06-30	-1,270,881	USD	181

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
2020-04-01 to 2020-06-30	2,023,074	USD	91
2020-01-01 to 2020-06-30	3,800,450	USD	182
2019-04-01 to 2019-06-30	2,044,860	USD	91
2019-01-01 to 2019-06-30	3,946,791	USD	181

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
2020-01-01 to 2020-06-30	179,607	USD	182
2019-01-01 to 2019-06-30	143,684	USD	181

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
2020-04-01 to 2020-06-30	2,222	USD	91
2020-01-01 to 2020-06-30	4,445	USD	182
2019-04-01 to 2019-06-30	2,223	USD	91
2019-01-01 to 2019-06-30	3,704	USD	181

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
2020-04-01 to 2020-06-30	9,184	USD	91
2020-01-01 to 2020-06-30	28,678	USD	182
2019-04-01 to 2019-06-30	32,500	USD	91
2019-01-01 to 2019-06-30	69,701	USD	181

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
2020-01-01 to 2020-06-30	-44,474	USD	182
2019-01-01 to 2019-06-30	4,752	USD	181

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
2020-01-01 to 2020-06-30	433,219	USD	182
2019-01-01 to 2019-06-30	764,418	USD	181

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
2020-01-01 to 2020-06-30	979,389	USD	182
2019-01-01 to 2019-06-30	901,876	USD	181

Inspect the source

Entity: VirTra, Inc. / CIK 0001085243
Captured: 2026-09-20T05:21:16.121Z
SEC response SHA-256: 6f858b7910922b2aa95395c591aa37ac18eecaed93adf9b1fcb6999b65d9c47a

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with urlopen("https://canlicapital.com/company-data/0001085243.json") as response:
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print(record["policy"])
for concept in record["concepts"]:
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