SmartPros Ltd.: 10-K filed 2015-03-24

Name: SmartPros Ltd.: 10-K filed 2015-03-24
Creator: SmartPros Ltd.

What SmartPros Ltd. reported in its annual report filed 2015-03-24 (fiscal FY 2014): 44 published measures, 92 facts as tagged in accession 0001289863-15-000006.

This filing

Form: 10-K (annual report)
Filed: 2015-03-24
Fiscal period: fiscal FY 2014
Accession: 0001289863-15-000006 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 SmartPros 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 2014-12-31	13,779,218	USD
At 2013-12-31	15,671,541	USD

Total liabilities

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

Period	Value	Unit	Days
At 2014-12-31	6,109,725	USD
At 2013-12-31	5,973,918	USD

Stockholders equity

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

Period	Value	Unit
At 2014-12-31	7,669,493	USD
At 2013-12-31	9,697,623	USD
At 2012-12-31	9,847,055	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 2014-12-31	4,810,982	USD
At 2013-12-31	5,303,657	USD
At 2012-12-31	4,918,543	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
2014-01-01 to 2014-12-31	-1,635,264	USD	365
2013-01-01 to 2013-12-31	142,923	USD	365

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
2014-01-01 to 2014-12-31	737,258	USD	365
2013-01-01 to 2013-12-31	1,412,097	USD	365

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
2014-01-01 to 2014-12-31	114,952	USD	365
2013-01-01 to 2013-12-31	271,881	USD	365

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
2014-01-01 to 2014-12-31	-441,793	USD	365
2013-01-01 to 2013-12-31	-385,790	USD	365

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
2014-01-01 to 2014-12-31	-788,140	USD	365
2013-01-01 to 2013-12-31	-641,193	USD	365

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 2014-12-31	-6,469,484	USD
At 2013-12-31	-4,834,220	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
2014-01-01 to 2014-12-31	4,672,828	shares	365
2013-01-01 to 2013-12-31	4,680,232	shares	365

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
2014-01-01 to 2014-12-31	4,672,828	shares	365
2013-01-01 to 2013-12-31	4,686,074	shares	365

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
2014-01-01 to 2014-12-31	-0.35	USD/shares	365
2013-01-01 to 2013-12-31	0.03	USD/shares	365

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
2014-01-01 to 2014-12-31	-0.35	USD/shares	365
2013-01-01 to 2013-12-31	0.03	USD/shares	365

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
2014-01-01 to 2014-12-31	403,543	USD	365
2013-01-01 to 2013-12-31	24,268	USD	365

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 2014-12-31	427,241	USD
At 2013-12-31	566,475	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
2014-01-01 to 2014-12-31	47,794	USD	365
2013-01-01 to 2013-12-31	104,788	USD	365

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
2014-01-01 to 2014-12-31	-478,266	USD	365
2013-01-01 to 2013-12-31	33,972	USD	365

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 2014-12-31	7,300,393	USD
At 2013-12-31	8,074,615	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 2014-12-31	6,043,619	USD
At 2013-12-31	5,903,540	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 2014-12-31	875,019	USD
At 2013-12-31	1,203,222	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 2014-12-31	2,456,474	USD
At 2013-12-31	2,807,257	USD
At 2012-12-31	2,807,257	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
At 2014-12-31	3,295,958	USD
At 2013-12-31	3,516,411	USD
At 2012-12-31	3,530,744	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 2014-12-31	1,668,942	USD
At 2013-12-31	2,430,495	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
2014-01-01 to 2014-12-31	161,093	USD	365
2013-01-01 to 2013-12-31	116,107	USD	365

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
2014-01-01 to 2014-12-31	7,861,066	USD	365
2013-01-01 to 2013-12-31	8,697,189	USD	365

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
2014-01-01 to 2014-12-31	7,382,800	USD	365
2013-01-01 to 2013-12-31	8,731,161	USD	365

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
2014-01-01 to 2014-12-31	6,759,368	USD	365
2013-01-01 to 2013-12-31	7,581,786	USD	365

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 2014-12-31	4,598,325	shares
At 2013-12-31	4,684,441	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 2014-12-31	16,985,235	USD
At 2013-12-31	17,217,008	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 2014-12-31	4,365,987	USD
At 2013-12-31	5,331,040	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 2014-12-31	3,938,746	USD
At 2013-12-31	4,764,565	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 2014-12-31	3,295,958	USD
At 2013-12-31	3,516,411	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 2014-12-31	94,479	USD
At 2013-12-31	104,515	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 2014-12-31	227,021	USD
At 2013-12-31	234,863	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 2014-12-31	406,173	USD
At 2013-12-31	340,463	USD

Net deferred tax assets

Deferred tax assets after the valuation allowance. Realization depends on future taxable income, so the balance is not a receivable from tax authorities.

Period	Value	Unit	Days
At 2014-12-31	200,000	USD
At 2013-12-31	600,000	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
2014-01-01 to 2014-12-31	-461,456	USD	365
2013-01-01 to 2013-12-31	61,425	USD	365

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
2014-01-01 to 2014-12-31	243,000	USD	365
2013-01-01 to 2013-12-31	253,000	USD	365

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
2014-01-01 to 2014-12-31	1,101,698	USD	365
2013-01-01 to 2013-12-31	1,115,403	USD	365

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
2014-01-01 to 2014-12-31	857,325	USD	365
2013-01-01 to 2013-12-31	878,645	USD	365

Current income tax expense or benefit

Income tax expense or benefit for the period that is currently payable or refundable. It differs from cash taxes paid and from total tax expense.

Period	Value	Unit	Days
2014-01-01 to 2014-12-31	3,543	USD	365
2013-01-01 to 2013-12-31	24,268	USD	365

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
2014-01-01 to 2014-12-31	400,000	USD	365
2013-01-01 to 2013-12-31	0	USD	365

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
2014-01-01 to 2014-12-31	-96,882	USD	365
2013-01-01 to 2013-12-31	-182,214	USD	365

Inspect the source

Entity: SmartPros Ltd. / CIK 0001289863
Captured: 2026-09-22 19:42 UTC
SEC response SHA-256: a00d0cc89270097f289dd08aa02dc7be406324523c241036a3ad1e647a4f7f0f

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import json
from urllib.request import urlopen

with urlopen("https://canlicapital.com/company-data/0001289863.json") as response:
    record = json.load(response)
print(record["fetched_at"])
print(record["policy"])
for concept in record["concepts"]:
    print(concept["tag"], next(iter(concept["observations"])))