SUMMER ENERGY HOLDINGS INC: 10-Q filed 2018-11-14

Name: SUMMER ENERGY HOLDINGS INC: 10-Q filed 2018-11-14
Creator: SUMMER ENERGY HOLDINGS INC
License: https://creativecommons.org/licenses/by/4.0/

What SUMMER ENERGY HOLDINGS INC reported in its quarterly report filed 2018-11-14 (fiscal Q3 2018): 40 published measures, 105 facts as tagged in accession 0001445866-18-001242.

This filing

Form: 10-Q (quarterly report)
Filed: 2018-11-14
Fiscal period: fiscal Q3 2018
Accession: 0001445866-18-001242 on SEC EDGAR

Values are as tagged in this filing. A later filing can restate them; a measure with a published history links to it, and the history shows the latest-filed value per period. All SUMMER ENERGY HOLDINGS 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 2018-09-30	51,591,107	USD
At 2017-12-31	33,586,600	USD

Total liabilities

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

Period	Value	Unit	Days
At 2018-09-30	42,573,989	USD
At 2017-12-31	22,059,701	USD

Stockholders equity

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

Period	Value	Unit	Days
At 2018-09-30	9,017,118	USD
At 2017-12-31	11,526,899	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 2018-09-30	3,799,517	USD
At 2017-12-31	313,757	USD

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
2018-01-01 to 2018-09-30	-4,561,926	USD	273
2017-01-01 to 2017-09-30	-715,307	USD	273

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
2018-01-01 to 2018-09-30	27,741	USD	273
2017-01-01 to 2017-09-30	22,210	USD	273

Revenue

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

Period	Value	Unit	Days
2018-07-01 to 2018-09-30	46,236,106	USD	92
2018-01-01 to 2018-09-30	119,504,955	USD	273
2017-07-01 to 2017-09-30	34,512,759	USD	92
2017-01-01 to 2017-09-30	86,861,854	USD	273

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
2018-01-01 to 2018-09-30	9,073,329	USD	273
2017-01-01 to 2017-09-30	450,000	USD	273

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
2018-01-01 to 2018-09-30	-27,741	USD	273
2017-01-01 to 2017-09-30	-22,210	USD	273

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 2018-09-30	-14,160,721	USD
At 2017-12-31	-7,337,408	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
2018-07-01 to 2018-09-30	27,480,833	shares	92
2018-01-01 to 2018-09-30	26,473,599	shares	273
2017-07-01 to 2017-09-30	22,875,571	shares	92
2017-01-01 to 2017-09-30	22,584,793	shares	273

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
2018-07-01 to 2018-09-30	27,480,833	shares	92
2018-01-01 to 2018-09-30	26,473,599	shares	273
2017-07-01 to 2017-09-30	22,875,571	shares	92
2017-01-01 to 2017-09-30	23,032,818	shares	273

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
2018-07-01 to 2018-09-30	-0.19	USD/shares	92
2018-01-01 to 2018-09-30	-0.26	USD/shares	273
2017-07-01 to 2017-09-30	-0.01	USD/shares	92
2017-01-01 to 2017-09-30	0.04	USD/shares	273

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
2018-07-01 to 2018-09-30	-0.19	USD/shares	92
2018-01-01 to 2018-09-30	-0.26	USD/shares	273
2017-07-01 to 2017-09-30	-0.01	USD/shares	92
2017-01-01 to 2017-09-30	0.04	USD/shares	273

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 2018-09-30	93,701	USD
At 2017-12-31	156,366	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
2018-01-01 to 2018-09-30	676,032	USD	273
2017-01-01 to 2017-09-30	169,815	USD	273

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
2018-07-01 to 2018-09-30	-3,945,453	USD	92
2018-01-01 to 2018-09-30	-4,806,540	USD	273
2017-07-01 to 2017-09-30	-37,808	USD	92
2017-01-01 to 2017-09-30	1,363,465	USD	273

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 2018-09-30	49,025,418	USD
At 2017-12-31	30,038,234	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
2018-07-01 to 2018-09-30	363,705	USD	92
2018-01-01 to 2018-09-30	929,877	USD	273
2017-07-01 to 2017-09-30	139,076	USD	92
2017-01-01 to 2017-09-30	376,546	USD	273

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 2018-09-30	33,817,983	USD
At 2017-12-31	22,059,701	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 2018-09-30	2,312,079	USD
At 2017-12-31	605,118	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 2018-09-30	39,866,208	USD
At 2017-12-31	27,130,836	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
2018-07-01 to 2018-09-30	5,262,090	USD	92
2018-01-01 to 2018-09-30	14,965,311	USD	273
2017-07-01 to 2017-09-30	4,144,681	USD	92
2017-01-01 to 2017-09-30	10,873,082	USD	273

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
2018-07-01 to 2018-09-30	1,316,637	USD	92
2018-01-01 to 2018-09-30	10,158,771	USD	273
2017-07-01 to 2017-09-30	4,106,873	USD	92
2017-01-01 to 2017-09-30	12,236,547	USD	273

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
2018-07-01 to 2018-09-30	44,919,469	USD	92
2018-01-01 to 2018-09-30	109,346,184	USD	273
2017-07-01 to 2017-09-30	30,405,886	USD	92
2017-01-01 to 2017-09-30	74,625,307	USD	273

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 2018-09-30	27,480,833	shares
At 2017-12-31	25,055,833	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 2018-09-30	6,475,698	USD
At 2017-12-31	1,992,036	USD
At 2017-09-30	3,140,389	USD
At 2016-12-31	3,427,906	USD

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 2018-09-30	23,202,359	USD
At 2017-12-31	18,891,252	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 2018-09-30	2,461,050	USD
At 2017-12-31	3,347,028	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 2018-09-30	5,609,423	USD
At 2017-12-31	3,260,174	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 2018-09-30	2,683,512	USD
At 2017-12-31	915,362	USD

Profit or loss including noncontrolling interests

Net income or loss including the portion attributable to noncontrolling interests. It can differ from the net income attributable to the parent that per-share figures use.

Period	Value	Unit	Days
2018-01-01 to 2018-09-30	-6,823,313	USD	273
2017-01-01 to 2017-09-30	919,461	USD	273

Net income available to common stockholders

Net income after preferred dividends and similar adjustments, the numerator for basic earnings per share. It can be lower than reported net income.

Period	Value	Unit	Days
2018-07-01 to 2018-09-30	-5,351,082	USD	92
2018-01-01 to 2018-09-30	-6,823,313	USD	273
2017-07-01 to 2017-09-30	-199,370	USD	92
2017-01-01 to 2017-09-30	919,461	USD	273

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
2018-01-01 to 2018-09-30	90,405	USD	273
2017-01-01 to 2017-09-30	125,491	USD	273

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
2018-01-01 to 2018-09-30	885,978	USD	273
2017-01-01 to 2017-09-30	0	USD	273

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
2018-07-01 to 2018-09-30	-1,405,629	USD	92
2018-01-01 to 2018-09-30	-2,016,773	USD	273
2017-07-01 to 2017-09-30	-161,562	USD	92
2017-01-01 to 2017-09-30	-444,004	USD	273

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
2018-01-01 to 2018-09-30	357,817	USD	273

Proceeds from issuing common stock

Cash received from issuing common stock during the period. It is gross of costs only where the filer reports it so, and it does not include noncash issuances.

Period	Value	Unit	Days
2018-01-01 to 2018-09-30	3,637,500	USD	273
2017-01-01 to 2017-09-30	450,000	USD	273

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
2018-01-01 to 2018-09-30	13,409,913	USD	273
2017-01-01 to 2017-09-30	11,652,598	USD	273

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
2018-01-01 to 2018-09-30	1,706,961	USD	273
2017-01-01 to 2017-09-30	221,803	USD	273

Inspect the source

Entity: SUMMER ENERGY HOLDINGS INC / CIK 0001396633
Captured: 2026-09-22 19:47 UTC
SEC response SHA-256: cd6b51667e12398ede57a51b7a22a3ccf23e321f2c332d045fceaee816ce6b95

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