Superior Drilling Products, Inc.: 10-Q filed 2023-08-14
What Superior Drilling Products, Inc. reported in its quarterly report filed 2023-08-14 (fiscal Q2 2023): 43 published measures, 117 facts as tagged in accession 0001493152-23-028223.
This filing
- Form
- 10-Q (quarterly report)
- Filed
- 2023-08-14
- Fiscal period
- fiscal Q2 2023
- Accession
- 0001493152-23-028223 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 Superior Drilling Products, 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 2023-06-30 | 21,322,395 | USD | |
| At 2022-12-31 | 17,600,483 | USD |
Total liabilities
Recognized obligations at the reporting date. The definition and scope differ from interest-bearing debt.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2023-06-30 | 10,935,960 | USD | |
| At 2022-12-31 | 9,513,661 | USD |
Stockholders equity
The reported residual interest after liabilities. It is an accounting amount, not market capitalization.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2023-06-30 | 10,386,435 | USD | |
| At 2023-03-31 | 9,827,189 | USD | |
| At 2022-12-31 | 8,086,822 | USD | |
| At 2022-06-30 | 6,663,858 | USD | |
| At 2022-03-31 | 6,507,898 | USD | |
| At 2021-12-31 | 6,147,928 | 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 2023-06-30 | 1,179,791 | USD | |
| At 2022-12-31 | 2,158,025 | 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 |
|---|---|---|---|
| 2023-04-01 to 2023-06-30 | 323,167 | USD | 91 |
| 2023-01-01 to 2023-06-30 | 1,836,386 | USD | 181 |
| 2022-04-01 to 2022-06-30 | -56,508 | USD | 91 |
| 2022-01-01 to 2022-06-30 | 93,329 | 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 |
|---|---|---|---|
| 2023-01-01 to 2023-06-30 | 920,505 | USD | 181 |
| 2022-01-01 to 2022-06-30 | 1,353,933 | 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 |
|---|---|---|---|
| 2023-01-01 to 2023-06-30 | 2,432,561 | USD | 181 |
| 2022-01-01 to 2022-06-30 | 1,249,419 | 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 |
|---|---|---|---|
| 2023-04-01 to 2023-06-30 | 5,367,350 | USD | 91 |
| 2023-01-01 to 2023-06-30 | 11,648,564 | USD | 181 |
| 2022-04-01 to 2022-06-30 | 4,540,842 | USD | 91 |
| 2022-01-01 to 2022-06-30 | 8,671,007 | 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 |
|---|---|---|---|
| 2023-01-01 to 2023-06-30 | 183,560 | USD | 181 |
| 2022-01-01 to 2022-06-30 | -99,188 | 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 |
|---|---|---|---|
| 2023-01-01 to 2023-06-30 | -2,082,299 | USD | 181 |
| 2022-01-01 to 2022-06-30 | -1,249,419 | 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 2023-06-30 | -34,049,965 | USD | |
| At 2022-12-31 | -35,886,351 | 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 |
|---|---|---|---|
| 2023-04-01 to 2023-06-30 | 29,247,563 | shares | 91 |
| 2023-01-01 to 2023-06-30 | 29,246,328 | shares | 181 |
| 2022-04-01 to 2022-06-30 | 28,235,001 | shares | 91 |
| 2022-01-01 to 2022-06-30 | 28,235,001 | 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 |
|---|---|---|---|
| 2023-04-01 to 2023-06-30 | 29,295,761 | shares | 91 |
| 2023-01-01 to 2023-06-30 | 29,294,526 | shares | 181 |
| 2022-04-01 to 2022-06-30 | 28,235,001 | shares | 91 |
| 2022-01-01 to 2022-06-30 | 28,305,101 | 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 |
|---|---|---|---|
| 2023-04-01 to 2023-06-30 | 0.01 | USD/shares | 91 |
| 2023-01-01 to 2023-06-30 | 0.06 | USD/shares | 181 |
| 2022-04-01 to 2022-06-30 | 0 | USD/shares | 91 |
| 2022-01-01 to 2022-06-30 | 0 | 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 |
|---|---|---|---|
| 2023-04-01 to 2023-06-30 | 0.01 | USD/shares | 91 |
| 2023-01-01 to 2023-06-30 | 0.06 | USD/shares | 181 |
| 2022-04-01 to 2022-06-30 | 0 | USD/shares | 91 |
| 2022-01-01 to 2022-06-30 | 0 | 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 |
|---|---|---|---|
| 2023-04-01 to 2023-06-30 | 106,654 | USD | 91 |
| 2023-01-01 to 2023-06-30 | 184,266 | USD | 181 |
| 2022-04-01 to 2022-06-30 | 32,299 | USD | 91 |
| 2022-01-01 to 2022-06-30 | 63,683 | 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 2023-06-30 | 11,086,053 | USD | |
| At 2022-12-31 | 8,576,851 | 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 |
|---|---|---|---|
| 2023-01-01 to 2023-06-30 | 456,819 | USD | 181 |
| 2022-01-01 to 2022-06-30 | 422,601 | USD | 181 |
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 |
|---|---|---|---|
| 2023-04-01 to 2023-06-30 | 545,932 | USD | 91 |
| 2023-01-01 to 2023-06-30 | 1,923,693 | USD | 181 |
| 2022-04-01 to 2022-06-30 | 127,695 | USD | 91 |
| 2022-01-01 to 2022-06-30 | 432,582 | 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 2023-06-30 | 9,564,318 | USD | |
| At 2022-12-31 | 8,204,567 | 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 |
|---|---|---|---|
| 2023-04-01 to 2023-06-30 | 129,866 | USD | 91 |
| 2023-01-01 to 2023-06-30 | 283,956 | USD | 181 |
| 2022-04-01 to 2022-06-30 | 132,738 | USD | 91 |
| 2022-01-01 to 2022-06-30 | 256,600 | USD | 181 |
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 2023-06-30 | 5,473,255 | USD | |
| At 2022-12-31 | 3,747,765 | 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 2023-06-30 | 2,433,587 | USD | |
| At 2022-12-31 | 1,043,581 | 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 2022-12-31 | 69,444 | 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 2023-06-30 | 4,687,791 | USD | |
| At 2022-12-31 | 3,241,221 | USD |
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 2023-06-30 | 3,152,403 | USD | |
| At 2022-12-31 | 2,081,260 | USD |
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 |
|---|---|---|---|
| 2023-04-01 to 2023-06-30 | 2,458,804 | USD | 91 |
| 2023-01-01 to 2023-06-30 | 4,797,653 | USD | 181 |
| 2022-04-01 to 2022-06-30 | 1,894,403 | USD | 91 |
| 2022-01-01 to 2022-06-30 | 3,541,051 | 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 2023-06-30 | 29,252,872 | shares | |
| At 2022-12-31 | 29,245,080 | shares |
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 | Days |
|---|---|---|---|
| At 2023-06-30 | 559,405 | USD | |
| At 2022-12-31 | 638,102 | 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 2023-06-30 | 1,872,481 | USD | |
| At 2022-12-31 | 1,655,363 | 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 2023-06-30 | 24,955,292 | USD | |
| At 2022-12-31 | 21,840,074 | 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 2023-06-30 | 13,869,239 | USD | |
| At 2022-12-31 | 13,263,223 | 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 2023-06-30 | 112,619 | USD | |
| At 2022-12-31 | 111,519 | 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 2023-06-30 | 959,966 | USD | |
| At 2022-12-31 | 891,793 | 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 |
|---|---|---|---|
| 2023-04-01 to 2023-06-30 | 429,821 | USD | 91 |
| 2023-01-01 to 2023-06-30 | 2,020,652 | USD | 181 |
| 2022-04-01 to 2022-06-30 | -24,209 | USD | 91 |
| 2022-01-01 to 2022-06-30 | 157,012 | USD | 181 |
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 |
|---|---|---|---|
| 2023-04-01 to 2023-06-30 | 284,347 | USD | 91 |
| 2023-01-01 to 2023-06-30 | 606,016 | USD | 181 |
| 2022-04-01 to 2022-06-30 | 360,981 | USD | 91 |
| 2022-01-01 to 2022-06-30 | 730,046 | 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 |
|---|---|---|---|
| 2023-01-01 to 2023-06-30 | 675,460 | USD | 181 |
| 2022-01-01 to 2022-06-30 | 813,379 | 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 |
|---|---|---|---|
| 2023-04-01 to 2023-06-30 | 27,778 | USD | 91 |
| 2023-01-01 to 2023-06-30 | 69,444 | USD | 181 |
| 2022-04-01 to 2022-06-30 | 41,667 | USD | 91 |
| 2022-01-01 to 2022-06-30 | 83,333 | USD | 181 |
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 |
|---|---|---|---|
| 2023-04-01 to 2023-06-30 | -116,111 | USD | 91 |
| 2023-01-01 to 2023-06-30 | 96,959 | USD | 181 |
| 2022-04-01 to 2022-06-30 | -151,904 | USD | 91 |
| 2022-01-01 to 2022-06-30 | -275,570 | USD | 181 |
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 |
|---|---|---|---|
| 2023-01-01 to 2023-06-30 | 281,703 | USD | 181 |
| 2022-01-01 to 2022-06-30 | 247,952 | USD | 181 |
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 |
|---|---|---|---|
| 2023-01-01 to 2023-06-30 | 220,329 | USD | 181 |
| 2022-01-01 to 2022-06-30 | 187,394 | 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 |
|---|---|---|---|
| 2023-01-01 to 2023-06-30 | 1,446,570 | USD | 181 |
| 2022-01-01 to 2022-06-30 | -72,452 | 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 |
|---|---|---|---|
| 2023-01-01 to 2023-06-30 | 1,071,143 | USD | 181 |
| 2022-01-01 to 2022-06-30 | 149,223 | USD | 181 |
Inspect the source
- Entity
- Superior Drilling Products, Inc. / CIK 0001600422
- Captured
- SEC response SHA-256
40740cb405fbd8a15d25356e4682c1b49507354a15afb66344dc881f5c2db550
Current SEC company facts · Download the original response snapshot (gzip) · Download the selected JSON
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import json
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with urlopen("https://canlicapital.com/company-data/0001600422.json") as response:
record = json.load(response)
print(record["fetched_at"])
print(record["policy"])
for concept in record["concepts"]:
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