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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Alanco Technologies Inc (CE) | USOTC:ALAN | OTCMarkets | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.000001 | 0.00 | 01:00:00 |
1.
|
actual or anticipated fluctuations in our operating results;
|
2.
|
the loss of key management or technical personnel;
|
3.
|
the outcome of any current or future litigation;
|
4.
|
changes in our financial estimates by securities analysts;
|
5.
|
broad market fluctuations;
|
6.
|
recovery from natural disasters; and
|
7.
|
economic conditions in the United States or abroad.
|
Fiscal 2016
|
Fiscal 2015
|
|||||||||||||||
Quarter Ended
|
High
|
Low
|
High
|
Low
|
||||||||||||
September 30
|
$
|
0.29
|
$
|
0.17
|
$
|
0.52
|
$
|
0.40
|
||||||||
December 31
|
$
|
0.25
|
$
|
0.13
|
$
|
0.52
|
$
|
0.33
|
||||||||
March 31
|
$
|
0.25
|
$
|
0.15
|
$
|
0.35
|
$
|
0.29
|
||||||||
June 30
|
$
|
0.27
|
$
|
0.16
|
$
|
0.33
|
$
|
0.28
|
CONSOLIDATED STATEMENTS OF OPERATIONS
|
|||||||
FOR THE YEARS ENDED JUNE 30,
|
|||||||
2016
|
2015
|
||||||
NET REVENUES
|
$
|
192,900
|
$
|
785,700
|
|||
Cost of revenues
|
(606,100
|
)
|
(925,700)
|
||||
GROSS LOSS
|
(413,200
|
)
|
(140,000)
|
||||
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES
|
|||||||
Corporate expenses
|
559,000
|
226,500
|
|||||
Alanco Energy Services
|
620,900
|
734,000
|
|||||
Stock-based compensation
|
27,800
|
73,300
|
|||||
1,207,700
|
1,033,800
|
||||||
OPERATING LOSS
|
(1,620,900
|
)
|
(1,173,800)
|
||||
OTHER INCOME AND (EXPENSE)
|
|||||||
Interest income
|
28,800
|
41,500
|
|||||
Interest expense
|
(2,700
|
)
|
-
|
||||
Gain on sale of marketable securities
|
-
|
103,200
|
|||||
Other income
|
-
|
128,500
|
|||||
NET LOSS
|
$
|
(1,594,800
|
)
|
$
|
(900,600)
|
||
NET LOSS PER SHARE - BASIC AND DILUTED
|
$
|
(0.32
|
)
|
$
|
(0.18)
|
||
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING
|
4,982,400
|
4,986,400
|
|||||
See accompanying notes to the consolidated financial statements
|
|||||||
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
|
|||||||
FOR THE YEARS ENDED JUNE 30,
|
|||||||
2016
|
2015
|
||||||
Net loss
|
$
|
(1,594,800
|
)
|
$
|
(900,600)
|
||
Reclassification adjustment for gain included in net loss
|
-
|
(103,200)
|
|||||
Net unrealized loss on marketable securities sold during the year
|
-
|
(18,000)
|
|||||
Comprehensive Loss
|
$
|
(1,594,800
|
)
|
$
|
(1,021,800)
|
||
See accompanying notes to the consolidated financial statements
|
|||||||
CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY
|
|||||||||||||||||||||||||
FOR THE YEARS ENDED JUNE 30, 2016 AND 2015
|
|||||||||||||||||||||||||
ACCUMULATED
|
|||||||||||||||||||||||||
OTHER
|
|||||||||||||||||||||||||
COMMON STOCK
|
TREASURY STOCK
|
COMPREHENSIVE
|
ACCUMULATED
|
||||||||||||||||||||||
SHARES
|
AMOUNT
|
SHARES
|
AMOUNT
|
INCOME (LOSS)
|
DEFICIT
|
TOTAL
|
|||||||||||||||||||
Balances, June 30, 2014
|
4,962,500
|
$
|
109,106,800
|
-
|
$
|
-
|
$
|
121,200
|
$
|
(104,352,900
|
)
|
$
|
4,875,100
|
||||||||||||
Shares of Alanco common stock repurchased
|
-
|
-
|
55,100
|
20,800
|
-
|
-
|
20,800
|
||||||||||||||||||
Treasury shares retired
|
(55,100
|
)
|
(20,800
|
)
|
(55,100
|
)
|
(20,800
|
)
|
-
|
-
|
(41,600)
|
||||||||||||||
Shares issued for services
|
75,000
|
31,500
|
-
|
-
|
-
|
-
|
31,500
|
||||||||||||||||||
Value of stock-based compensation
|
-
|
41,800
|
-
|
-
|
-
|
-
|
41,800
|
||||||||||||||||||
Other comprehensive income adjustment
|
-
|
-
|
-
|
-
|
(121,200
|
)
|
-
|
(121,200)
|
|||||||||||||||||
Net loss
|
-
|
-
|
-
|
-
|
-
|
(900,600
|
)
|
(900,600)
|
|||||||||||||||||
Balances, June 30, 2015
|
4,982,400
|
$
|
109,159,300
|
-
|
$
|
-
|
$
|
-
|
$
|
(105,253,500
|
)
|
$
|
3,905,800
|
||||||||||||
Value of stock-based compensation
|
-
|
27,800
|
-
|
-
|
-
|
-
|
27,800
|
||||||||||||||||||
Value of warrants
|
-
|
1,100
|
-
|
-
|
-
|
-
|
1,100
|
||||||||||||||||||
Net loss
|
-
|
-
|
-
|
-
|
-
|
(1,594,800
|
)
|
(1,594,800)
|
|||||||||||||||||
Balances, June 30, 2016
|
4,982,400
|
$
|
109,188,200
|
-
|
$
|
-
|
$
|
-
|
$
|
(106,848,300
|
)
|
$
|
2,339,900
|
||||||||||||
See accompanying notes to the consolidated financial statements
|
|||||||||||||||||||||||||
1. | NATURE OF OPERATIONS, SIGNIFICANT ACCOUNTING POLICIES AND RECENT ACCOUNTING PRONOUNCEMENTS |
·
|
Persuasive evidence of an arrangement exists;
|
·
|
The service has been performed or product delivered;
|
·
|
The customer's fee is deemed to be determinable and free of contingencies or significant uncertainties; and
|
·
|
Collectability is probable.
|
Fair Value at June 30, 2016
|
|||||||||||||||
Level 1:
|
|||||||||||||||
Quoted Prices
|
Level 2:
|
||||||||||||||
in Active
|
Significant
|
Level 3:
|
Total
|
||||||||||||
Markets
|
Other
|
Significant
|
at
|
||||||||||||
for Identical
|
Observable
|
Unobservable
|
June 30,
|
||||||||||||
Assets
|
Inputs
|
Inputs
|
2016
|
||||||||||||
Asset Retirement Obligation
|
$
|
-
|
$
|
-
|
$
|
434,000
|
$
|
434,000
|
|||||||
Contingent Land Payment
|
-
|
-
|
672,700
|
672,700
|
|||||||||||
$
|
-
|
$
|
-
|
$
|
1,106,700
|
$
|
1,106,700
|
||||||||
Fair Value at June 30, 2015
|
|||||||||||||||
Level 1:
|
|||||||||||||||
Quoted Prices
|
Level 2:
|
||||||||||||||
in Active
|
Significant
|
Level 3:
|
Total
|
||||||||||||
Markets
|
Other
|
Significant
|
at
|
||||||||||||
for Identical
|
Observable
|
Unobservable
|
June 30,
|
||||||||||||
Assets
|
Inputs
|
Inputs
|
2015 | ||||||||||||
Asset Retirement Obligation
|
$
|
-
|
$
|
-
|
$
|
429,700
|
$
|
429,700
|
|||||||
Contingent Land Payment
|
-
|
-
|
653,900
|
653,900
|
|||||||||||
$
|
-
|
$
|
-
|
$
|
1,083,600
|
$
|
1,083,600
|
Fiscal Year Ended June 30, 2016
|
|||||||||||
Asset
|
Contingent
|
||||||||||
Retirement
|
Land
|
||||||||||
Obligation
|
Payment
|
Total
|
|||||||||
Opening balance, July 1, 2015
|
$
|
429,700
|
$
|
653,900
|
$
|
1,083,600
|
|||||
Inflation adjustment
|
4,300
|
-
|
4,300
|
||||||||
Accretion expense
|
-
|
18,800
|
18,800
|
||||||||
Closing balance, June 30, 2016
|
$
|
434,000
|
$
|
672,700
|
$
|
1,106,700
|
Fiscal Year Ended June 30, 2015
|
|||||||||||||||
Asset
|
Contingent
|
Contingent
|
|||||||||||||
Retirement
|
Land
|
Purchase
|
|||||||||||||
Obligation
|
Payment
|
Price
|
Total
|
||||||||||||
Opening balance, July 1, 2014
|
$
|
423,700
|
$
|
660,200
|
$
|
528,100
|
$
|
1,612,000
|
|||||||
Inflation adjustment
|
6,000
|
-
|
-
|
6,000
|
|||||||||||
Accretion expense
|
-
|
18,800
|
-
|
18,800
|
|||||||||||
Payments
|
-
|
(25,100
|
)
|
-
|
(25,100)
|
||||||||||
Reversals
|
-
|
-
|
(528,100
|
)
|
(528,100)
|
||||||||||
Closing balance, June 30, 2015
|
$
|
429,700
|
$
|
653,900
|
$
|
-
|
$
|
1,083,600
|
·
|
Expected term is determined under the simplified method using an average of the contractual term and vesting period of the award as appropriate statistical data required to properly estimate the expected term was not available;
|
·
|
Expected volatility of award grants made under the Company's plans is measured using the historical daily changes in the market price of the Company's common stock over the expected term of the award, and contemplation of future activity;
|
·
|
Risk-free interest rate is to approximate the implied yield on zero-coupon U.S. Treasury bonds with a remaining maturity equal to the expected term of the awards; and,
|
·
|
Forfeitures are based on the history of cancellations of awards granted by the Company and management's analysis of potential forfeitures.
|
2 . | STOCK-BASED COMPENSATION AND WARRANTS |
Awards Granted in the Year Ended
|
|||
Assumption
|
June 30, 2015
|
||
Dividend yield
|
0%
|
||
Expected volatility
|
62%
|
||
Risk-free interest rate
|
2%
|
||
Expected life of options (in years)
|
3.75
|
||
Weighted average grant-date Black Scholes calculated fair value
|
|
$0.18
|
|
Weighted Average
|
||||||||||||||||||||
Weighted Average
|
Remaining
|
Aggregate
|
Aggregate
|
|||||||||||||||||
Number of
|
Exercise Price
|
Contractual
|
Fair
|
Instrinsic
|
||||||||||||||||
Options
|
Per Share
|
Term (1)
|
Value (3)
|
Value (2)
|
||||||||||||||||
Outstanding July 1, 2014 |
823,400
|
$
|
0.63
|
3.35
|
$
|
212,600
|
$
|
-
|
||||||||||||
Granted
|
390,000
|
0.50
|
4.35
|
69,500
|
-
|
|||||||||||||||
Exercised
|
-
|
-
|
-
|
-
|
-
|
|||||||||||||||
Forfeited, expired or cancelled
|
(10,200
|
)
|
1.50
|
-
|
(6,300
|
)
|
-
|
|||||||||||||
Outstanding June 30, 2015
|
1,203,200
|
$
|
0.58
|
3.03
|
$
|
275,800
|
$
|
-
|
||||||||||||
Exercisable June 30, 2015
|
1,047,200
|
$
|
0.59
|
2.83
|
$
|
248,100
|
$
|
-
|
||||||||||||
Outstanding July 1, 2015 |
1,203,200
|
$
|
0.58
|
3.03
|
$
|
275,800
|
$
|
-
|
||||||||||||
Granted
|
-
|
-
|
-
|
-
|
-
|
|||||||||||||||
Exercised
|
-
|
-
|
-
|
-
|
-
|
|||||||||||||||
Forfeited, expired or cancelled
|
(3,200
|
)
|
1.50
|
-
|
(2,300
|
)
|
-
|
|||||||||||||
Outstanding June 30, 2016
|
1,200,000
|
$
|
0.58
|
2.03
|
$
|
273,500
|
$
|
-
|
||||||||||||
Exercisable June 30, 2016 |
1,200,000
|
$
|
0.58
|
2.03
|
$
|
273,500
|
$
|
-
|
||||||||||||
(1) |
Remaining contractual term presented in years.
|
|||||||||||||||||||
(2) |
The aggregate intrinsic value is calculated as the difference between the exercise price of the underlying awards and the closing price of the Company's common stock as of June 30, 2016 and 2015, for those awards that have an exercise price currently below the closing price as of June 30, 2016 and 2015 of $0.22 and $0.28, respectively.
|
|||||||||||||||||||
(3) |
Aggregate Fair Value is calculated using the Black Scholes option pricing model to estimate the initial fair value of stock-based compensation.
|
|||||||||||||||||||
Calendar Year
|
Number of
|
Weighted Average
|
||||||
of Expiration
|
Shares
|
Exercise Price
|
||||||
2017
|
385,000
|
$
|
0.75
|
|||||
2018
|
425,000
|
0.50
|
||||||
2019
|
390,000
|
0.50
|
||||||
1,200,000
|
$
|
0.58
|
Options Outstanding & Exercisable
|
||||||||
Weighted Avg.
|
Weighted
|
|||||||
Number
|
Remaining
|
Average
|
||||||
Exercise
|
of
|
Contractual
|
Exercise
|
|||||
Price
|
Shares
|
Life (in years)
|
Price
|
|||||
$0.50
|
815,000
|
2.63
|
$0.50
|
|||||
$0.75
|
385,000
|
0.78
|
$0.75
|
|||||
Totals
|
1,200,000
|
2.03
|
$0.58
|
Warrants Outstanding
|
Warrants Exercisable
|
||||||||||||||
Weighted
|
Weighted
|
||||||||||||||
Number of
|
Average
|
Number of
|
Average
|
||||||||||||
Shares
|
Exercise Price
|
Shares
|
Exercise Price
|
||||||||||||
Warrants Outstanding, June 30, 2015
|
-
|
$
|
-
|
-
|
$
|
-
|
|||||||||
Granted
|
140,000
|
0.75
|
20,000
|
0.75
|
|||||||||||
Exercised
|
-
|
-
|
-
|
-
|
|||||||||||
Canceled/Expired
|
-
|
-
|
-
|
-
|
|||||||||||
Warrants Outstanding, June 30, 2016
|
140,000
|
$
|
0.75
|
20,000
|
$
|
0.75
|
2016
|
2015
|
|||||||
Note receivable - beginning of year
|
$
|
322,800
|
$
|
409,000
|
||||
Advances
|
-
|
-
|
||||||
Payments
|
(27,400
|
)
|
(115,200
|
)
|
||||
Accounting and loan fees added to note
|
-
|
29,000
|
||||||
Accounting and loan fees reversed against deferred income
|
(29,000
|
)
|
-
|
|||||
Less reserve
|
(266,400
|
)
|
-
|
|||||
Total
|
-
|
322,800
|
||||||
Less long-term
|
-
|
(262,800
|
)
|
|||||
Notes receivable - current
|
$
|
-
|
$
|
60,000
|
2016
|
2015
|
|||||||
Office furniture and equipment
|
$
|
51,300
|
$
|
51,300
|
||||
Water disposal facility
|
2,220,900
|
2,219,200
|
||||||
Production equipment
|
514,400
|
514,400
|
||||||
2,786,600
|
2,784,900
|
|||||||
Less accumulated depreciation
|
(675,600
|
)
|
(491,900
|
)
|
||||
Land and permit costs
|
-
|
1,645,600
|
||||||
Net book value
|
$
|
2,111,000
|
$
|
3,938,600
|
2016
|
2015
|
||||||
Note payable
|
$
|
200,000
|
$
|
-
|
|||
Less current
|
-
|
-
|
|||||
Note payable, long-term
|
$
|
200,000
|
$
|
-
|
Awards Granted
|
Awards Granted
|
|||||
With an Exercise
|
With an Exercise
|
|||||
Assumption
|
Price of $0.50
|
Price of $1.00
|
||||
Dividend yield
|
0%
|
0%
|
||||
Expected volatility
|
62%
|
62%
|
||||
Risk-free interest rate
|
2%
|
2%
|
||||
Expected life of options (in years)
|
5.0
|
5.0
|
||||
Weighted average grant-date Black Scholes calculated fair value
|
|
$0.07
|
|
$0.04
|
2016
|
2015
|
|||||||
Contingent land payment
|
$
|
672,700
|
$
|
653,900
|
||||
Less current portion
|
-
|
(50,000
|
)
|
|||||
Contingent payments, long-term
|
$
|
672,700
|
$
|
603,900
|
2016
|
2015
|
|||
Statutory rate
|
34.0%
|
34.0%
|
||
State income taxes, net of federal income
|
||||
tax benefit
|
5.0%
|
5.0%
|
||
Change in valuation allowance related to net
|
||||
operating loss carry-forwards and change
|
||||
in temporary differences
|
-39.0%
|
-39.0%
|
||
0.0%
|
0.0%
|
2016
|
2015
|
|||||||
Deferred tax asset
|
$
|
12,100,000
|
$
|
11,800,000
|
||||
Less: estimated Section 382 adjustment
|
(4,000,000
|
)
|
(4,000,000
|
)
|
||||
Net operating loss and capital loss carryforwards
|
8,100,000
|
7,800,000
|
||||||
Less: Valuation allowance
|
(8,100,000
|
)
|
(7,800,000
|
)
|
||||
Net deferred tax
|
$
|
-
|
$
|
-
|
FUTURE MINIMUM PAYMENTS
|
|||
FOR THE YEAR ENDED JUNE 30,
|
|||
2017
|
$
|
28,600
|
|
2018
|
28,600
|
||
2019
|
28,600
|
||
2020
|
28,600
|
||
2021
|
28,600
|
||
Thereafter
|
23,900
|
||
TOTAL
|
$
|
166,900
|
(c)
|
CHANGES IN INTERNAL CONTROL OVER FINANCIAL REPORTING
|
Name
|
Age
|
Position
|
Year
First Director / Officer |
Harold S. Carpenter
|
82
|
Director
|
1995
|
James T. Hecker
|
59
|
Director
|
1997
|
Thomas C. LaVoy
|
56
|
Director
|
1998
|
John A. Carlson
|
69
|
Director/C.E.O.
|
1999
|
Danielle L. Haney
|
47
|
C.F.O.
|
2014
|
Long-Term
|
|||||||||||||||||||
Annual Compensation
|
Compensation
|
||||||||||||||||||
Securities
|
|||||||||||||||||||
(# shares)
|
|||||||||||||||||||
Name and
|
Other (1)
|
Underlying
|
|||||||||||||||||
Principal
|
Annual
|
Annual
|
Options
|
||||||||||||||||
Position
|
Salary
|
Bonus
|
Comp $
|
Granted in FY (2)
|
|||||||||||||||
John A. Carlson, CEO
|
|||||||||||||||||||
FY 2016
|
$
|
130,600
|
(3
|
)
|
None
|
$
|
21,300
|
-
|
|||||||||||
FY 2015
|
$
|
209,100
|
(3
|
)
|
None
|
$
|
14,700
|
100,000
|
|||||||||||
Danielle L. Haney, CFO
|
|||||||||||||||||||
FY 2016
|
$
|
100,000
|
None
|
$
|
7,300
|
-
|
|||||||||||||
FY 2015
|
$
|
99,200
|
None
|
$
|
5,700
|
50,000
|
|||||||||||||
(1
|
)
|
Represents supplemental executive benefit reimbursement for the year and Company matching for Alanco's 401(K) Profit Sharing Plan.
|
|||||||||||||||||
(2
|
)
|
Five year stock options granted at not less than market on the date of exercise, or $0.50, with a vesting period over five quarters.
|
|||||||||||||||||
(3
|
)
|
The amount reflected here reflects cash paid. An additional amount of $53,100 and $5,300 was accrued at June 30, 2016 and 2015, respectively, for deferred wages.
|
|||||||||||||||||
|
Five Percent Owners | ||||||||
Class A
|
||||||||
Common
|
Total
|
Total
|
||||||
Shares
|
Voting
|
Stock
|
||||||
Owned
|
Rights
|
and
|
||||||
Class A
|
Percent
|
Owned
|
Options
|
|||||
Common
|
of
|
Total
|
Percent
|
Exercisable
|
Total Stock
|
Percent of
|
||
Shares
|
Class
|
Voting
|
of
|
Stock
|
Owned and
|
Voting
|
||
Owned
|
(1)
|
Rights
|
Class (1)
|
Options
|
Options
|
Rights (2)
|
||
Robert R. Kauffman Estate |
632,824
|
12.70%
|
632,824
|
12.70%
|
150,000
|
782,824
|
15.25%
|
|
John A. Carlson |
213,935
|
4.29%
|
213,935
|
4.29%
|
305,000
|
518,935
|
9.81%
|
|
Iroquois Capital Management, LLC (3) |
474,398
|
9.52%
|
474,398
|
9.52%
|
-
|
474,398
|
9.52%
|
|
(1) |
The percentages for Class A Common Stock shown are calculated based upon 4,982,400 shares of Class A Common Stock outstanding on September 20, 2016. The percentages for Total Voting Rights are calculated based upon 4,982,400 voting rights on September 20, 2016.
|
|||||||
(2) | In calculating the percentage of ownership, option shares are deemed to be outstanding for the purpose of computing the percentage of voting right shares owned by such person, but are not deemed to be outstanding for the purpose of computing the percentage of voting right shares owned by any other stockholders. | |||||||
(3) | Per Schedule 13D filed with the SEC on May 7, 2014, Iroquois Capital Management, LLC with joint filers Iroquois Master Fund Ltd., Joshua Silverman and Richard Abbe are the owners of 474,398 shares of the Company's Class A Common Stock. The address of the principal office of each of the Reporting Persons is 641 Lexington Avenue, 26 th Floor, New York, New York 10022. In February 2016, Joshua Silverman was named to the Board of Directors of the Company and Mr. Silverman resigned his board membership effective September 6, 2016. |
Securities of the Registrant Beneficially Owned (1)
|
|||||||||||||||
Total
|
|||||||||||||||
Total
|
Stock
|
||||||||||||||
Class A
|
Shares
|
Voting
|
Stock
|
Total
|
Plus
|
||||||||||
Common
|
Owned
|
Total
|
Rights
|
Options
|
Stock
|
Options
|
|||||||||
Stock
|
Percent
|
Voting
|
Percent
|
Exercisable
|
Owned
|
Percent of
|
|||||||||
Name of
|
Shares
|
of Class
|
Rights
|
of Class
|
@ 9/20/16
|
Plus
|
Voting
|
||||||||
Beneficial Owner (2)
|
Owned
|
(4)
|
Owned
|
(4)
|
+ 60 days (5)
|
Options
|
Rights (6)
|
||||||||
Robert R. Kauffman |
632,824
|
12.70%
|
632,824
|
12.70%
|
150,000
|
782,824
|
15.25%
|
||||||||
Former Director/COB/CEO
|
|||||||||||||||
John A. Carlson |
213,935
|
4.29%
|
213,935
|
4.29%
|
305,000
|
518,935
|
9.81%
|
||||||||
Director/EVP/CEO
|
|||||||||||||||
Joshua Silverman (7) |
474,398
|
9.52%
|
474,398
|
9.52%
|
-
|
474,398
|
9.52%
|
||||||||
Director
|
|||||||||||||||
Harold S. Carpenter |
25,329
|
0.51%
|
25,329
|
0.51%
|
190,000
|
215,329
|
4.16%
|
||||||||
Director
|
|||||||||||||||
James T. Hecker (3) |
47,187
|
0.95%
|
47,187
|
0.95%
|
230,000
|
277,187
|
5.32%
|
||||||||
Director
|
|||||||||||||||
Thomas C. LaVoy |
27,914
|
0.56%
|
27,914
|
0.56%
|
170,000
|
197,914
|
3.84%
|
||||||||
Director
|
|||||||||||||||
Danielle L. Haney |
-
|
0.00%
|
-
|
0.00%
|
95,000
|
95,000
|
1.87%
|
||||||||
CFO
|
|||||||||||||||
Officers and Directors
|
1,421,587
|
28.53%
|
1,421,587
|
28.53%
|
1,140,000
|
2,561,587
|
41.84%
|
||||||||
as a Group (5 individuals)
|
|||||||||||||||
(1) | Beneficial ownership is determined in accordance with the rules of the Securities and Exchange Commission ("SEC") and generally indicates voting or investment power with respect to securities. In accordance with SEC rules, shares that may be acquired upon conversion or exercise of stock options, warrants or convertible securities which are currently exercisable or which become exercisable within 60 days are deemed beneficially owned. Except as indicated by footnote, and subject to community property laws where applicable, the persons or entities named in the table above have sole voting and investment power with respect to all shares of Common Stock shown as beneficially owned. | ||||||||||||||
(2) | COB is Chairman of the Board; CEO is Chief Executive Officer; EVP is Executive Vice President; CFO is Chief Financial Officer. | ||||||||||||||
(3) | Excludes 240,277 shares of Class A Common Stock owned by Rhino Fund LLLP. The fund is controlled by Rhino Capital Incorporated, for which Mr. Hecker serves as Treasurer and General Counsel. Mr. Hecker disclaims beneficial ownership of such shares. | ||||||||||||||
(4) | The percentages for Class A Common Stock shown are calculated based upon 4,982,400 shares of Class A Common Stock outstanding on September 20, 2016. The percentages for Total Voting Rights Percent of Class are calculated based upon 4,982,400 voting rights as of September 20, 2016. | ||||||||||||||
(5) | Represents unexercised stock options issued to named executive officers and directors. All options listed that were issued to the executive officers and directors were exercisable at September 20, 2016. | ||||||||||||||
(6) | The number and percentages shown include the voting rights shares actually owned at September 20, 2016 and the shares of common stock that the identified person or group had a right to acquire within 60 days after September 20, 2016. The percentages shown are calculated based upon 4,982,400 voting rights as of September 20, 2016. In calculating the percentage of ownership, option shares are deemed to be outstanding for the purpose of computing the percentage of shares owned by such person, but are not deemed to be outstanding for the purpose of computing the percentage of shares owned by any other stockholders. | ||||||||||||||
(7) | Per Schedule 13D filed with the SEC on May 7, 2014, Iroquois Capital Management, LLC with joint filers Iroquois Master Fund Ltd., Joshua Silverman and Richard Abbe are the owners of 474,398 shares of the Company's Class A Common Stock. In February 2016, Mr. Silverman was named to the Board of Directors of the Company and Mr. Silverman resigned his board membership effective September 6, 2016. |
3(i)
|
Articles of Incorporation of Alanco Technologies, Inc. (1)
|
|
3(ii)
|
Bylaws of Alanco Technologies, Inc. (1)
|
|
3(iii)
|
Amendment to Articles of Incorporation or Bylaws of Alanco Technologies, Inc. (9)
|
|
3(iiii)
|
Audit/Corporate Governance Committee Charter (8)
|
|
4.1
|
Series B Preferred Convertible Stock Description (2)
|
|
10.1
|
1996 Directors and Officers Stock Option Plan and Kauffman and Carlson Stock Option
Agreements (3)
|
|
10.2
|
2004 Incentive Stock Option Plan and Directors and Officers Stock Option Plan (4)
|
|
10.3
|
2005 Incentive Stock Option Plan and Directors and Officers Stock Option Plan (5)
|
|
10.4
|
2006 Incentive Stock Option Plan and Directors and Officers Stock Option Plan (6)
|
|
10.5
|
Alanco 2011 Stock Incentive Plan (10)
|
|
10.6
|
Employment Compensation Agreement between the Company and Robert R. Kauffman (18)
|
|
10.7
|
Employment Compensation Agreement between the Company and John A. Carlson (18)
|
|
10.8
|
Employment Compensation Agreement between the Company and John A. Carlson (20)
|
|
10.9
|
Employment Compensation Agreement between the Company and Danielle L. Haney (20)
|
|
10.10
|
Anderson Family Trust Credit Line Agreement (21)
|
|
14.1
|
Corporate Code of Business Conduct and Ethics (7)
|
|
21
|
Subsidiaries of the Registrant
|
|
Name
State of Incorporation
|
||
StarTrak Systems, LLC Delaware
|
||
Alanco Energy Services, Inc. Colorado
|
||
22.1
|
Published report regarding matters submitted to vote of security holders (17)
|
|
31.1
|
Certification of John A. Carlson, Chief Executive Officer of Alanco Technologies, Inc., pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
|
|
31.2
|
Certification of Danielle L. Haney, Chief Financial Officer of Alanco Technologies, Inc., pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
|
|
32.1
|
Certification of Chief Executive Officer and Chief Financial Officer of Alanco Technologies, Inc., pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
|
|
101.INS
|
XBRL Instance Document
|
|
101.SCH
|
XBRL Taxonomy Extension Schema
|
|
101.CAL
|
XBRL Taxonomy Extension Calculation Linkbase
|
|
101.LAB
|
XBRL Taxonomy Extension Label Linkbase
|
|
101.PRE
|
XBRL Taxonomy Extension Presentation Linkbase
|
|
101.DEF
|
XBRL Taxonomy Extension Definition Linkbase
|
(1)
|
Incorporated by reference to Form 10KSB filed September 27, 2001
|
|
(2)
|
Incorporated by reference to Form DEFM14A filed April 22, 2002
|
|
(3)
|
Incorporated by reference to Form S-8 filed October 22, 1998
|
|
(4)
|
Incorporated by reference to Form S-8 filed February 17, 2005
|
|
(5)
|
Incorporated by reference to Form S-8 filed February 2, 2006
|
|
(6)
|
Incorporated by reference to Form S-8 filed March 21, 2007
|
|
(7)
|
Incorporated by reference to Form 10QSB filed November 15, 2004
|
|
(8)
|
Incorporated by reference to Form 14A filed October 18, 2004
|
|
(9)
|
Incorporated by reference to Form 8-K filed September 18, 2009
|
|
(10)
|
Incorporated by reference to Form S-8 filed June 21, 2011
|
|
(11)
|
Incorporated by reference to Form 8-K filed December 14, 2011
|
|
(12)
|
Incorporated by reference to Form 8-K filed January 3, 2012
|
|
(13)
|
Incorporated by reference to Form 8-K filed April 5, 2012
|
|
(14)
|
Incorporated by reference to Form 8-K filed April 10, 2012
|
|
(15)
|
Incorporated by reference to Form 8-K filed April 30, 2012
|
|
(16)
|
Incorporated by reference to Form 8-K filed August 1, 2012
|
|
(17)
|
Incorporated by reference to Form 8-K filed May 1, 2014
|
|
(18)
|
Incorporated by reference to Form 10-K filed October 13, 2011
|
|
(19)
|
Incorporated by reference to Form 10-K filed October 9, 2012
|
|
(20)
|
Incorporated by reference to Form 8-K filed July 1, 2014
|
|
(21)
|
Incorporated by reference to Form 8-K filed July 5, 2016.
|
ALANCO TECHNOLOGIES, INC. | |||
(Registrant) | |||
Date: September 30, 2016
|
By:
|
/s/ Danielle L. Haney | |
Name: Danielle L. Haney | |||
Title: Chief Financial Officer | |||
SIGNATURE
|
TITLE
|
DATE
|
||
/s/ John A. Carlson
|
Director & Chief Executive Officer
|
September 30, 2016
|
||
John A. Carlson
|
||||
/s/ James T. Hecker
|
Director
|
September 30, 2016
|
||
James T. Hecker
|
||||
/s/ Harold S. Carpenter | Director | September 30, 2016 | ||
Harold S. Carpenter | ||||
/s/ Thomas C. LaVoy
|
Director
|
September 30, 2016
|
||
Thomas C. LaVoy
|
/s/ John A. Carlson
|
Name: John A. Carlson
|
Title: Chief Executive Officer
|
1 Year Alanco Technologies (CE) Chart |
1 Month Alanco Technologies (CE) Chart |
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