Rekor Systems, Inc.: 10-Q filed 2018-11-13

Name: Rekor Systems, Inc.: 10-Q filed 2018-11-13
Creator: Rekor Systems, Inc.

What Rekor Systems, Inc. reported in its quarterly report filed 2018-11-13 (fiscal Q3 2018): 45 published measures, 122 facts as tagged in accession 0001654954-18-012413.

This filing

Form: 10-Q (quarterly report)
Filed: 2018-11-13
Fiscal period: fiscal Q3 2018
Accession: 0001654954-18-012413 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 Rekor Systems, 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	18,682,057	USD
At 2017-12-31	20,598,740	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	11,073,890	USD
At 2017-12-31	9,691,822	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	2,728,890	USD
At 2017-12-31	6,510,338	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 2018-09-30	1,483,568	USD
At 2017-12-31	1,957,212	USD
At 2017-09-30	3,762,265	USD
At 2016-12-31	2,788,587	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
2018-07-01 to 2018-09-30	-503,834	USD	92
2018-01-01 to 2018-09-30	-3,618,967	USD	273
2017-07-01 to 2017-09-30	-791,360	USD	92
2017-01-01 to 2017-09-30	-1,913,460	USD	273

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	-1,099,656	USD	273
2017-01-01 to 2017-09-30	-2,204,152	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	13,148,848	USD	92
2018-01-01 to 2018-09-30	36,705,781	USD	273
2017-07-01 to 2017-09-30	4,421,574	USD	92
2017-01-01 to 2017-09-30	11,131,825	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	106,742	USD	273
2017-01-01 to 2017-09-30	3,230,815	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	519,270	USD	273
2017-01-01 to 2017-09-30	-52,985	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	-9,864,351	USD
At 2017-12-31	-5,833,660	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	14,542,362	shares	92
2018-01-01 to 2018-09-30	14,524,030	shares	273
2017-07-01 to 2017-09-30	11,756,560	shares	92
2017-01-01 to 2017-09-30	10,920,866	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	14,542,362	shares	92
2018-01-01 to 2018-09-30	14,524,030	shares	273
2017-07-01 to 2017-09-30	11,756,560	shares	92
2017-01-01 to 2017-09-30	10,920,866	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	-0.05	USD/shares	92
2018-01-01 to 2018-09-30	-0.31	USD/shares	273
2017-07-01 to 2017-09-30	-0.09	USD/shares	92
2017-01-01 to 2017-09-30	-0.23	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	-0.05	USD/shares	92
2018-01-01 to 2018-09-30	-0.31	USD/shares	273
2017-07-01 to 2017-09-30	-0.09	USD/shares	92
2017-01-01 to 2017-09-30	-0.23	USD/shares	273

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
2018-07-01 to 2018-09-30	22,082	USD	92
2018-01-01 to 2018-09-30	22,082	USD	273
2017-07-01 to 2017-09-30	-225,142	USD	92
2017-01-01 to 2017-09-30	-964,377	USD	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	1,376,756	USD
At 2017-12-31	648,339	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	295,684	USD	273
2017-01-01 to 2017-09-30	227,470	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	-238,267	USD	92
2018-01-01 to 2018-09-30	-3,290,319	USD	273
2017-07-01 to 2017-09-30	-988,165	USD	92
2017-01-01 to 2017-09-30	-2,785,595	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	8,823,313	USD
At 2017-12-31	10,983,188	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	244,034	USD	92
2018-01-01 to 2018-09-30	507,841	USD	273
2017-07-01 to 2017-09-30	33,720	USD	92
2017-01-01 to 2017-09-30	97,624	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	7,641,590	USD
At 2017-12-31	8,232,611	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	2,191,971	USD
At 2017-12-31	1,390,877	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 2018-09-30	3,092,616	USD
At 2017-12-31	3,092,616	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 2018-09-30	5,082,846	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 2018-09-30	124,731	USD
At 2017-12-31	155,716	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
2018-07-01 to 2018-09-30	3,919,794	USD	92
2018-01-01 to 2018-09-30	10,477,317	USD	273
2017-07-01 to 2017-09-30	1,963,768	USD	92
2017-01-01 to 2017-09-30	5,113,843	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	9,229,054	USD	92
2018-01-01 to 2018-09-30	26,228,464	USD	273
2017-07-01 to 2017-09-30	2,457,806	USD	92
2017-01-01 to 2017-09-30	6,017,982	USD	273

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
2018-07-01 to 2018-09-30	4,158,061	USD	92
2018-01-01 to 2018-09-30	13,767,636	USD	273
2017-07-01 to 2017-09-30	2,951,933	USD	92
2017-01-01 to 2017-09-30	7,899,438	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	14,545,695	shares
At 2017-12-31	14,463,364	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 2018-09-30	12,591,762	USD
At 2017-12-31	12,342,527	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 2018-09-30	3,394,536	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 2018-09-30	2,268,909	USD
At 2017-12-31	1,281,353	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 2018-09-30	892,153	USD
At 2017-12-31	633,014	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	5,082,846	USD
At 2017-12-31	5,468,874	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	3,189,473	USD
At 2017-12-31	3,060,512	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
2018-07-01 to 2018-09-30	-481,752	USD	92
2018-01-01 to 2018-09-30	-3,596,885	USD	273
2017-07-01 to 2017-09-30	-1,016,502	USD	92
2017-01-01 to 2017-09-30	-2,877,837	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	-785,261	USD	92
2018-01-01 to 2018-09-30	-4,446,387	USD	273
2017-07-01 to 2017-09-30	-1,024,183	USD	92
2017-01-01 to 2017-09-30	-2,565,584	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
2018-07-01 to 2018-09-30	85,592	USD	92
2018-01-01 to 2018-09-30	259,139	USD	273
2017-07-01 to 2017-09-30	26,862	USD	92
2017-01-01 to 2017-09-30	77,023	USD	273

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
2018-01-01 to 2018-09-30	259,139	USD	273
2017-01-01 to 2017-09-30	77,023	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	772,833	USD	273
2017-01-01 to 2017-09-30	327,120	USD	273

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
2018-07-01 to 2018-09-30	-243,485	USD	92
2018-01-01 to 2018-09-30	-306,566	USD	273
2017-07-01 to 2017-09-30	-28,337	USD	92
2017-01-01 to 2017-09-30	-92,242	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	393,689	USD	273
2017-01-01 to 2017-09-30	33,429	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	103,496	USD	273
2017-01-01 to 2017-09-30	870,426	USD	273

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
2018-01-01 to 2018-09-30	-30,985	USD	273
2017-01-01 to 2017-09-30	1,460	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	801,095	USD	273
2017-01-01 to 2017-09-30	-196,460	USD	273

Inspect the source

Entity: Rekor Systems, Inc. / CIK 0001697851
Captured: 2026-09-21T17:25:40.492Z
SEC response SHA-256: 29e4df97ccbc33f6cbbfca659049fee11e455c7f3cd39aeb3ed2dfbc9a33f684

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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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with urlopen("https://canlicapital.com/company-data/0001697851.json") as response:
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print(record["policy"])
for concept in record["concepts"]:
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