Cash/Cash Equivalents have increased in each of the past 4 quarters.
Inventory has decreased in each of the past 5 quarters, so the product is still selling even amidst tough economic times. In fact, this is one of the main things I look for for companies right now. If they can not only survive now, but either continue selling their product at a normal pace or even a quicker pace, then they will flourish as the economy recovers (if and when it does), assuming the market still finds its product valuable. The explanation point on good inventory reduction is that consumer confidence is strengthening.
Total Long-Term Debt is only 420k and Total Debt is only 496k. These debt figures have been paid down in each of the past 5 quarters (and remember that the company is still increasing its cash position). Notable is that last quarter the company reduced its Total Debt from 3.5M to the above-stated figure. With nearly 17M in cash on hand and virtually no dilution over the past 5 quarters, the company's capital structure is very strong.
*** These figures have all been taken as of the company's last reporting quarter (12/31/09). Recent filings and/or PRs should be looked to to ensure that these figures are still accurate.
Here is the link to the 10-K:
http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=7139751
Volume: | 379,583 |
Day Range: | 1.17 - 1.39 |
Bid: | 1.36 |
Ask: | 1.39 |
Last Trade Time: | 7:58:17 PM EDT |
Total Trades: | 1,898 |
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