SUNWORKS, INC.: 10-Q filed 2017-11-14

Name: SUNWORKS, INC.: 10-Q filed 2017-11-14
Creator: SUNWORKS, INC.

What SUNWORKS, INC. reported in its quarterly report filed 2017-11-14 (fiscal Q3 2017): 37 published measures, 103 facts as tagged in accession 0001493152-17-013019.

This filing

Form: 10-Q (quarterly report)
Filed: 2017-11-14
Fiscal period: fiscal Q3 2017
Accession: 0001493152-17-013019 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 SUNWORKS, 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 2017-09-30	40,869,000	USD
At 2016-12-31	41,680,000	USD

Total liabilities

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

Period	Value	Unit	Days
At 2017-09-30	22,345,000	USD
At 2016-12-31	20,483,000	USD

Stockholders equity

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

Period	Value	Unit	Days
At 2017-09-30	18,524,000	USD
At 2016-12-31	21,197,000	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 2017-09-30	6,382,000	USD
At 2016-12-31	11,069,000	USD
At 2016-09-30	6,661,000	USD
At 2015-12-31	12,040,000	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
2017-07-01 to 2017-09-30	-1,959,000	USD	92
2017-01-01 to 2017-09-30	-3,797,000	USD	273
2016-07-01 to 2016-09-30	-6,085,000	USD	92
2016-01-01 to 2016-09-30	-5,720,000	USD	274

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
2017-01-01 to 2017-09-30	-4,195,000	USD	273
2016-01-01 to 2016-09-30	-2,711,000	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
2017-01-01 to 2017-09-30	44,000	USD	273
2016-01-01 to 2016-09-30	644,000	USD	274

Revenue

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

Period	Value	Unit	Days
2017-07-01 to 2017-09-30	18,797,000	USD	92
2017-01-01 to 2017-09-30	58,159,000	USD	273
2016-07-01 to 2016-09-30	17,557,000	USD	92
2016-01-01 to 2016-09-30	67,981,000	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
2017-01-01 to 2017-09-30	-466,000	USD	273
2016-01-01 to 2016-09-30	-2,024,000	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
2017-01-01 to 2017-09-30	-26,000	USD	273
2016-01-01 to 2016-09-30	-644,000	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 2017-09-30	-52,940,000	USD
At 2016-12-31	-49,143,000	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
2017-07-01 to 2017-09-30	22,455,664	shares	92
2017-01-01 to 2017-09-30	22,060,186	shares	273
2016-07-01 to 2016-09-30	20,853,921	shares	92
2016-01-01 to 2016-09-30	20,009,862	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
2017-07-01 to 2017-09-30	22,455,664	shares	92
2017-01-01 to 2017-09-30	22,060,186	shares	273
2016-07-01 to 2016-09-30	20,853,921	shares	92
2016-01-01 to 2016-09-30	20,009,862	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
2017-07-01 to 2017-09-30	-0.09	USD/shares	92
2017-01-01 to 2017-09-30	-0.17	USD/shares	273
2016-07-01 to 2016-09-30	-0.29	USD/shares	92
2016-01-01 to 2016-09-30	-0.29	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
2017-07-01 to 2017-09-30	-0.09	USD/shares	92
2017-01-01 to 2017-09-30	-0.17	USD/shares	273
2016-07-01 to 2016-09-30	-0.29	USD/shares	92
2016-01-01 to 2016-09-30	-0.29	USD/shares	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 2017-09-30	1,392,000	USD
At 2016-12-31	1,674,000	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
2017-07-01 to 2017-09-30	299,000	USD	92
2017-01-01 to 2017-09-30	833,000	USD	273
2016-07-01 to 2016-09-30	3,902,000	USD	92
2016-01-01 to 2016-09-30	5,764,000	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
2017-07-01 to 2017-09-30	-1,699,000	USD	92
2017-01-01 to 2017-09-30	-3,002,000	USD	273
2016-07-01 to 2016-09-30	-5,734,000	USD	92
2016-01-01 to 2016-09-30	-4,598,000	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 2017-09-30	28,045,000	USD
At 2016-12-31	28,589,000	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 2017-09-30	20,714,000	USD
At 2016-12-31	18,712,000	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 2017-09-30	11,364,000	USD
At 2016-12-31	11,364,000	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 2017-09-30	10,634,000	USD
At 2016-12-31	9,665,000	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
2017-07-01 to 2017-09-30	4,792,000	USD	92
2017-01-01 to 2017-09-30	15,607,000	USD	273
2016-07-01 to 2016-09-30	10,389,000	USD	92
2016-01-01 to 2016-09-30	23,963,000	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 2017-09-30	3,898,000	USD
At 2016-12-31	3,394,000	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
2017-07-01 to 2017-09-30	3,093,000	USD	92
2017-01-01 to 2017-09-30	12,605,000	USD	273
2016-07-01 to 2016-09-30	4,655,000	USD	92
2016-01-01 to 2016-09-30	19,365,000	USD	274

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
2017-07-01 to 2017-09-30	15,704,000	USD	92
2017-01-01 to 2017-09-30	45,554,000	USD	273
2016-07-01 to 2016-09-30	12,902,000	USD	92
2016-01-01 to 2016-09-30	48,616,000	USD	274

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 2017-09-30	22,455,664	shares
At 2016-12-31	20,853,921	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 2017-09-30	71,440,000	USD
At 2016-12-31	70,317,000	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 2017-09-30	11,432,000	USD
At 2016-12-31	11,417,000	USD

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
2017-07-01 to 2017-09-30	2,640,000	USD	92
2017-01-01 to 2017-09-30	9,175,000	USD	273
2016-07-01 to 2016-09-30	3,092,000	USD	92
2016-01-01 to 2016-09-30	8,842,000	USD	274

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
2017-07-01 to 2017-09-30	102,000	USD	92
2017-01-01 to 2017-09-30	308,000	USD	273
2016-07-01 to 2016-09-30	101,000	USD	92
2016-01-01 to 2016-09-30	218,000	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
2017-01-01 to 2017-09-30	308,000	USD	273
2016-01-01 to 2016-09-30	215,000	USD	274

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
2017-07-01 to 2017-09-30	-260,000	USD	92
2017-01-01 to 2017-09-30	-795,000	USD	273
2016-07-01 to 2016-09-30	-351,000	USD	92
2016-01-01 to 2016-09-30	-1,122,000	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
2017-01-01 to 2017-09-30	94,000	USD	273
2016-01-01 to 2016-09-30	55,000	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
2016-01-01 to 2016-09-30	110,000	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
2017-01-01 to 2017-09-30	969,000	USD	273
2016-01-01 to 2016-09-30	8,280,000	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
2017-01-01 to 2017-09-30	504,000	USD	273
2016-01-01 to 2016-09-30	1,956,000	USD	274

Inspect the source

Entity: SUNWORKS, INC. / CIK 0001172631
Captured: 2026-09-22 19:41 UTC
SEC response SHA-256: ce25d388b5b3e0b3144ae026f869977f58b30a31f419c09eb81fa5fd2e43d789

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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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