Richardson Electronics, Ltd.

RELL

RELLRichardson Electronics, Ltd. US flag

NASDAQ

17.63

USD

+0.30

- -

257.83MMarket Cap

Income Statement (USD)

Income Statement API ChatGPT

	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y	2026 Y
As of date	05/31/2012	05/31/2013	05/31/2014	05/31/2015	05/31/2016	05/31/2017	05/31/2018	05/31/2019	05/31/2020	05/31/2021	05/31/2022	05/31/2023	05/31/2024	05/31/2025	05/31/2026

Sales/Revenue/Turnover	158	141	138	137	142	137	163	167	156	177	225	263	196	209	229
+ Sales & Services Revenue	158	141	138	137	142	137	163	167	156	177	225	263	196	209	229
- Cost of Revenue	111	100	97	96	97	93	108	115	106	118	153	179	136	144	157
+ Cost of Goods & Services	111	100	97	96	97	93	108	115	106	118	153	179	136	144	157
Gross Profit	47	42	41	41	45	44	55	52	50	59	72	84	60	65	71
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	41	42	43	49	52	50	52	52	51	56	56	59	60	62	66
+ Selling, General & Admin	41	42	43	49	52	50	52	52	51	56	56	59	60	62	66
+ Research & Development	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Income (Loss)	6	- -	-2	-8	-7	-6	3	- -	-2	3	16	25	- -	3	6
- Non-Operating (Income) Loss	-1	-1	-2	-1	-1	- -	-1	6	- -	1	- -	- -	- -	4	-2
+ Interest Expense, Net	-1	-1	-1	-1	-1	- -	- -	-1	- -	- -	- -	- -	- -	- -	-1
+ Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Interest Income	1	1	1	1	1	- -	- -	1	- -	- -	- -	- -	- -	- -	1
+ Other Non-Op (Income) Loss	- -	1	-1	- -	- -	- -	- -	6	- -	1	- -	- -	1	5	-1
Pretax Income	8	1	-1	-7	-6	-6	4	-6	-1	2	16	25	- -	-2	7
- Income Tax Expense (Benefit)	- -	- -	- -	-1	1	1	2	1	1	1	-2	3	- -	- -	1
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	8	- -	- -	-6	-7	-7	2	-7	-2	2	18	22	- -	-1	6
- Net Extraordinary Losses (Gains)	-1	-1	- -	- -	- -	- -	-1	- -	- -	- -	- -	- -	- -	- -	- -
+ Discontinued Operations	1	1	- -	- -	- -	- -	1	- -	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	-1	-2	- -	- -	- -	- -	-3	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) Incl. MI	9	1	-1	-6	-7	-7	4	-7	-2	2	18	22	- -	-1	6
- Minority Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income, GAAP	9	1	-1	-6	-7	-7	4	-7	-2	2	18	22	- -	-1	6
- Preferred Dividends	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	9	1	-1	-6	-7	-7	4	-7	-2	2	18	22	- -	-1	6
EBIT	6	- -	-2	-8	-7	-6	3	- -	-2	3	16	25	- -	3	6
EBITDA	7	1	-1	-6	-4	-3	6	3	2	6	19	29	5	7	9
EBITDA Margin (%)	4.62	0.76	-1.01	-4.66	-3.11	-2.36	3.89	1.65	1.11	3.57	8.64	10.91	2.41	3.17	4.12
EBITA	6	- -	-2	-8	-7	-6	3	- -	-2	3	16	25	- -	3	6
Gross Margin (%)	29.64	29.45	29.73	30.04	31.57	32.06	33.75	31.04	31.86	33.25	31.92	31.86	30.52	31.02	31.22
Operating Margin (%)	3.91	0.01	-1.8	-5.91	-4.79	-4.36	2.05	-0.25	-1.06	1.64	7.11	9.51	0.21	1.26	2.46
Profit Margin (%)	5.4	0.88	-0.37	-4.06	-4.76	-5.06	2.34	-4.4	-1.18	0.94	7.98	8.5	0.03	-0.55	2.79
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	0.2	0.23	0.24	0.24	0.24	0.24	0.24	0.24	0.24	0.24	0.24	0.24	0.24	- -	0.24
Depreciation Expense	1	1	1	2	2	3	3	3	3	3	3	4	4	4	4
Basic Weighted Avg Shares	17	15	14	14	13	13	13	13	13	13	13	14	14	- -	15
Basic EPS, GAAP	0.5	0.08	-0.04	-0.4	-0.52	-0.54	0.3	-0.56	-0.14	0.13	1.33	1.6	- -	- -	0.44
Basic EPS from Cont Ops	0.47	0.03	-0.02	-0.4	-0.52	-0.54	0.18	-0.56	-0.14	0.13	1.33	1.6	- -	- -	0.44
Diluted Weighted Avg Shares	17	15	14	14	13	13	13	13	13	13	14	15	15	- -	15
Diluted EPS, GAAP	0.5	0.08	-0.04	-0.4	-0.52	-0.54	0.29	-0.56	-0.14	0.12	1.29	1.53	- -	- -	0.43
Diluted EPS from Cont Ops	0.47	0.03	-0.02	-0.4	-0.52	-0.54	0.18	-0.56	-0.14	0.12	1.29	1.53	- -	- -	0.43

Balance Sheet (USD)

Balance Sheet API ChatGPT

	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y	2026 Y
As of date	05/31/2012	05/31/2013	05/31/2014	05/31/2015	05/31/2016	05/31/2017	05/31/2018	05/31/2019	05/31/2020	05/31/2021	05/31/2022	05/31/2023	05/31/2024	05/31/2025	05/31/2026

Total Current Assets	213	203	192	161	136	128	138	131	127	134	153	168	162	166	173
+ Cash, Cash Equivalents & STI	149	141	134	98	63	62	60	50	47	43	40	25	24	36	32
+ Cash & Cash Equivalents	44	102	103	75	60	55	60	42	31	43	35	25	24	36	32
+ ST Investments	105	39	32	24	2	6	- -	8	16	- -	5	- -	- -	- -	- -
+ Accounts & Notes Receiv	26	25	21	22	25	21	23	24	20	25	30	30	25	24	33
+ Accounts Receivable, Net	20	18	18	21	25	21	23	24	20	25	30	30	25	24	33
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	7	6	3	1	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventories	35	34	34	39	45	43	51	53	57	64	80	110	110	103	103
+ Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	35	34	34	39	45	43	51	53	57	64	80	110	110	103	103
+ Other ST Assets	3	3	3	2	3	3	4	3	2	2	2	3	2	3	5
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	18	14	11	24	32	29	29	22	24	22	27	30	31	30	29
+ Property, Plant & Equip, Net	4	5	7	10	13	16	18	19	21	20	20	23	23	21	20
+ Property, Plant & Equip	26	28	31	35	38	42	46	49	53	54	57	63	66	59	61
- Accumulated Depreciation	22	23	24	25	25	26	28	30	32	35	37	39	42	38	41
+ LT Investments & Receivables	11	5	2	12	8	2	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Investments	11	5	2	12	8	2	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	3	4	3	2	11	11	10	3	3	3	6	7	7	9	9
+ Total Intangible Assets	2	2	1	1	10	10	9	3	3	2	2	2	2	- -	- -
+ Goodwill	1	2	- -	- -	6	6	6	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Intangible Assets	- -	1	1	1	4	3	3	3	3	2	2	2	2	- -	- -
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	1	1	2	1	1	1	1	1	- -	1	4	5	6	9	9
Total Assets	231	217	204	185	168	157	166	153	151	157	180	198	192	196	202
+ Payables & Accruals	21	24	22	24	22	22	28	25	25	27	34	32	26	30	30
+ Accounts Payable	13	14	12	16	15	16	20	17	17	17	24	24	15	21	20
+ Accrued Taxes	5	5	5	5	3	3	3	3	3	5	6	4	3	4	6
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	4	4	4	4	3	3	5	6	5	5	5	4	7	5	4
+ ST Debt	- -	- -	- -	- -	- -	- -	- -	- -	1	1	1	1	1	1	1
+ ST Borrowings	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	1	1	1	1	1	1	1
+ Other ST Liabilities	- -	- -	- -	2	3	2	2	3	2	4	6	4	5	5	6
+ Deferred Revenue	- -	- -	- -	2	2	1	2	2	2	3	5	3	5	5	5
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	- -	- -	- -	- -	1	1	- -	1	1	1	1	- -	1	1	1
Total Current Liabilities	21	24	22	26	24	24	30	28	29	32	41	37	32	37	36
+ LT Debt	- -	- -	- -	- -	- -	- -	- -	- -	2	1	2	1	2	1	1
+ LT Borrowings	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	2	1	2	1	2	1	1
+ Other LT Liabilities	10	8	7	2	2	1	1	1	1	2	1	1	1	1	1
+ Accrued Liabilities	7	7	6	1	1	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Pension Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	3	1	1	1	1	1	1	1	1	1	1	1	1	1	1
Total Noncurrent Liabilities	10	8	7	2	2	1	1	1	3	3	3	2	2	2	2
Total Liabilities	31	32	29	28	26	25	31	29	32	35	44	39	34	39	38
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	89	75	67	64	60	60	61	62	62	63	67	72	73	75	78
+ Common Stock	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
+ Additional Paid in Capital	88	74	66	63	59	59	60	61	62	63	66	71	73	74	77
- Treasury Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Retained Earnings	104	102	98	89	79	69	70	60	55	53	68	87	84	79	82
+ Other Equity	7	9	10	4	3	3	4	2	1	5	1	1	1	2	4
Equity Before Minority Interest	200	185	175	157	142	132	135	124	119	122	136	159	158	157	164
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Equity	200	185	175	157	142	132	135	124	119	122	136	159	158	157	164
Total Liabilities & Equity	231	217	204	185	168	157	166	153	151	157	180	198	192	196	202
Shares Outstanding	16	15	14	14	13	13	13	13	13	13	14	14	14	14	15
Number of Employees	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Capital Leases - Total	- -	- -	- -	- -	- -	- -	- -	- -	3	2	3	2	3	2	1
Net Debt	-44	-102	-103	-75	-60	-55	-60	-42	-31	-43	-35	-25	-24	-36	-32
Net Debt to Equity	-21.92	-55.07	-58.77	-47.58	-42.67	-41.81	-44.73	-33.95	-25.73	-35.63	-26.13	-15.68	-15.36	-22.92	-19.41
Tangible Common Equity Ratio	86.42	85.07	85.84	84.62	83.25	82.98	80.16	80.53	78.37	77.22	75.27	80.26	81.92	79.96	81.01
Current Ratio	10	8.43	8.91	6.22	5.66	5.29	4.6	4.63	4.34	4.17	3.72	4.59	5.05	4.51	4.75
Cash Conversion Cycle	108.03	125.43	126.05	139.53	162.91	171.7	150.73	159.96	185.63	183.17	172.37	194.71	293.67	263.35	237.21

Cash Flow Statement (USD)

Cash Flow Statement API ChatGPT

	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y	2026 Y
As of date	05/31/2012	05/31/2013	05/31/2014	05/31/2015	05/31/2016	05/31/2017	05/31/2018	05/31/2019	05/31/2020	05/31/2021	05/31/2022	05/31/2023	05/31/2024	05/31/2025	05/31/2026

+ Net Income	9	1	-1	-6	-7	-7	4	-7	-2	2	18	22	- -	-1	6
+ Depreciation & Amortization	1	1	1	2	2	3	3	3	3	3	3	4	4	4	4
+ Non-Cash Items	3	1	1	-1	1	1	1	8	2	2	-3	1	1	3	2
+ Stock-Based Compensation	- -	1	1	1	1	- -	1	1	1	1	1	1	1	2	2
+ Deferred Income Taxes	3	- -	-1	-2	- -	- -	- -	- -	- -	- -	-4	- -	-1	-3	1
+ Asset Impairment Charge	- -	- -	2	- -	- -	- -	- -	6	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Cash Adj	- -	- -	- -	- -	- -	- -	- -	1	1	1	- -	- -	- -	5	- -
+ Chg in Non-Cash Work Cap	-62	6	3	-5	-10	5	-5	-7	-1	-6	-17	-35	1	5	-12
+ (Inc) Dec in Accts Receiv	-2	2	4	-3	-3	4	-2	-2	4	-4	-6	- -	5	- -	-9
+ (Inc) Dec in Inventories	-4	3	2	-8	-6	2	-8	-4	-5	-5	-21	-30	- -	- -	1
+ (Inc) Dec in Prepaid Assets	5	- -	- -	-1	- -	-1	-1	1	1	- -	- -	-1	- -	- -	-2
+ Inc (Dec) in Accts Payable	-55	2	-3	6	-2	- -	5	-1	- -	3	10	-4	-5	4	-1
+ Inc (Dec) in Other	-5	-2	- -	- -	- -	- -	- -	- -	- -	- -	- -	1	1	- -	-1
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	-49	9	5	-10	-14	2	3	-3	2	1	2	-8	7	11	1
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Fixed Prod Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed Prod Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash (Repurchase) of Equity	-23	-15	-9	-4	-5	- -	- -	- -	- -	- -	3	4	1	- -	1
+ Increase in Capital Stock	1	- -	- -	- -	- -	- -	- -	- -	- -	- -	3	4	1	- -	1
+ Decrease in Capital Stock	-24	-15	-9	-4	-5	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Change in LT Investment	-47	71	11	-2	25	1	9	-8	-8	16	-5	5	- -	- -	- -
+ Dec in LT Investment	377	154	342	34	27	4	13	10	21	25	- -	5	- -	- -	- -
+ Inc in LT Investment	-424	-83	-331	-36	-2	-2	-4	-18	-29	-9	-5	- -	- -	- -	- -
+ Net Cash From Acq & Div	-2	-3	-1	- -	-12	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash from Divestitures	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash for Acq of Subs	-2	-3	-1	- -	-12	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	- -	-2	-3	-5	-4	-5	-5	-4	-2	-3	-3	-7	-4	4	-3
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-49	67	8	-7	8	-4	4	-12	-10	13	-8	-2	-4	4	-3
+ Dividends Paid	-3	-4	-3	-3	-3	-3	-3	-3	-3	-3	-3	-3	-3	-3	-3
+ Net Cash From Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash From Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	4	1	- -
+ Repayments of Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-4	-1	- -
+ Other Financing Activities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	-27	-18	-12	-7	-8	-3	-3	-3	-3	-3	- -	- -	-3	-3	-3
Effect of Foreign Exchange Rates	-2	1	- -	-5	-1	- -	1	-1	- -	2	-1	-1	- -	- -	1
Net Changes in Cash	-125	57	- -	-24	-13	-5	4	-17	-11	11	-7	-10	- -	11	-5
EBITDA	7	1	-1	-6	-4	-3	6	3	2	6	19	29	5	7	9
EBITDA Margin (%)	4.62	0.76	-1.01	-4.66	-3.11	-2.36	3.89	1.65	1.11	3.57	8.64	10.91	2.41	3.17	4.12
Free Cash Flow	-49	9	5	-10	-14	2	3	-3	2	1	2	-8	7	11	1
Net Cash Paid for Acquisitions	2	3	1	- -	12	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Free Cash Flow to Firm	- -	9	- -	- -	- -	- -	3	- -	- -	1	- -	-8	7	- -	1
Free Cash Flow to Equity	-49	9	5	-10	-14	2	3	-3	2	1	2	-8	7	11	1
Free Cash Flow per Basic Share	-2.87	0.57	0.33	-0.71	-1.04	0.14	0.23	-0.2	0.15	0.06	0.14	-0.59	0.46	- -	0.05
Price/Free Cash Flow	-4.06	21.32	31.26	-12.25	-5	42.89	42.76	-25.82	28.66	136.28	101.65	-29.53	24.9	- -	328.28
Cash Flow to Net Income	-5.71	6.91	-8.96	1.76	2.01	-0.26	0.77	0.35	-1.05	0.5	0.11	-0.37	106.95	-9.23	0.12
Capital Expenditures	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -