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Cyanotech Corp – ‘10-K’ for 3/31/20 – ‘EX-23.1’

On:  Tuesday, 6/23/20, at 5:30pm ET   ·   For:  3/31/20   ·   Accession #:  1437749-20-13699   ·   File #:  0-14602

Previous ‘10-K’:  ‘10-K’ on 7/1/19 for 3/31/19   ·   Next:  ‘10-K’ on 6/22/21 for 3/31/21   ·   Latest:  ‘10-K’ on 6/27/23 for 3/31/23

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 6/23/20  Cyanotech Corp                    10-K        3/31/20   94:8.1M                                   RDG Filings/FA

Annual Report   —   Form 10-K   —   Sect. 13 / 15(d) – SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Annual Report                                       HTML    839K 
 2: EX-23.1     Consent of Experts or Counsel                       HTML     30K 
 6: EX-99.1     Miscellaneous Exhibit                               HTML     96K 
 3: EX-31.1     Certification -- §302 - SOA'02                      HTML     34K 
 4: EX-31.2     Certification -- §302 - SOA'02                      HTML     34K 
 5: EX-32.1     Certification -- §906 - SOA'02                      HTML     30K 
24: R1          Document And Entity Information                     HTML     67K 
71: R2          Consolidated Balance Sheets                         HTML    124K 
86: R3          Consolidated Balance Sheets (Parentheticals)        HTML     48K 
47: R4          Consolidated Statements of Operations               HTML    112K 
22: R5          Consolidated Statements of Stockholders' Equity     HTML     88K 
70: R6          Consolidated Statements of Cash Flows               HTML    135K 
85: R7          Note 1 - Organization and Basis of Presentation     HTML     45K 
50: R8          Note 2 - Significant Accounting Policies            HTML    112K 
20: R9          Note 3 - Inventories                                HTML     42K 
21: R10         Note 4 - Equipment and Leasehold Improvements       HTML     46K 
51: R11         Note 5 - Short-term Contract Obligation             HTML     35K 
84: R12         Note 6 - Line of Credit and Long-term Debt          HTML     82K 
73: R13         Note 7 - Accrued Expenses                           HTML     40K 
19: R14         Note 8 - Operating Leases                           HTML     54K 
49: R15         Note 9 - Other Commitments and Contingencies        HTML     36K 
82: R16         Note 10 - Share-based Compensation                  HTML    176K 
72: R17         Note 11 - Common and Preferred Stock                HTML     33K 
23: R18         Note 12 - Earnings (Loss) Per Share                 HTML     56K 
48: R19         Note 13 - Profit Sharing and 401k Plan              HTML     33K 
89: R20         Note 14 - Product Line and Geographic Information   HTML     85K 
55: R21         Note 15 - Income Taxes                              HTML    153K 
28: R22         Note 16 - Related-party Transactions and Balances   HTML     36K 
35: R23         Note 17 - Subsequent Events                         HTML     33K 
88: R24         Note 18 - Selected Quarterly Financial Data         HTML     68K 
                (Unaudited)                                                      
54: R25         Schedule II - Valuation and Qualifying Accounts     HTML     50K 
27: R26         Significant Accounting Policies (Policies)          HTML    169K 
34: R27         Note 2 - Significant Accounting Policies (Tables)   HTML     45K 
87: R28         Note 3 - Inventories (Tables)                       HTML     40K 
56: R29         Note 4 - Equipment and Leasehold Improvements       HTML     42K 
                (Tables)                                                         
68: R30         Note 6 - Line of Credit and Long-term Debt          HTML     55K 
                (Tables)                                                         
79: R31         Note 7 - Accrued Expenses (Tables)                  HTML     38K 
52: R32         Note 8 - Operating Leases (Tables)                  HTML     47K 
25: R33         Note 10 - Share-based Compensation (Tables)         HTML    164K 
69: R34         Note 12 - Earnings (Loss) Per Share (Tables)        HTML     51K 
80: R35         Note 14 - Product Line and Geographic Information   HTML     78K 
                (Tables)                                                         
53: R36         Note 15 - Income Taxes (Tables)                     HTML    141K 
26: R37         Note 18 - Selected Quarterly Financial Data         HTML     67K 
                (Unaudited) (Tables)                                             
67: R38         Schedule II - Valuation and Qualifying Accounts     HTML     47K 
                (Tables)                                                         
81: R39         Note 1 - Organization and Basis of Presentation     HTML     60K 
                (Details Textual)                                                
60: R40         Note 2 - Significant Accounting Policies (Details   HTML     58K 
                Textual)                                                         
92: R41         Note 2 - Significant Accounting Polices -           HTML     39K 
                Reconciliation of Cash and Restricted Cash                       
                (Details)                                                        
37: R42         Note 2 - Significant Accounting Policies -          HTML     37K 
                Estimated Useful Lives (Details)                                 
29: R43         Note 3 - Inventories (Details Textual)              HTML     30K 
61: R44         Note 3 - Inventories - Components of Inventory      HTML     40K 
                (Details)                                                        
93: R45         Note 4 - Equipment and Leasehold Improvements       HTML     32K 
                (Details Textual)                                                
38: R46         Note 4 - Equipment and Leasehold Improvements -     HTML     43K 
                Components of Equipment and Leasehold Improvements               
                (Details)                                                        
30: R47         Note 5 - Short-term Contract Obligation (Details    HTML     56K 
                Textual)                                                         
59: R48         Note 6 - Line of Credit and Long-term Debt          HTML    157K 
                (Details Textual)                                                
94: R49         Note 6 - Line of Credit and Long-term Debt -        HTML     44K 
                Summary of Line of Credit and Long-term Debt                     
                (Details)                                                        
78: R50         Note 6 - Line of Credit and Long-term Debt -        HTML     47K 
                Future Payments (Details)                                        
65: R51         Note 7 - Accrued Expenses - Components of Accrued   HTML     40K 
                Expenses (Details)                                               
14: R52         Note 8 - Operating Leases (Details Textual)         HTML     50K 
43: R53         Note 8 - Operating Leases - Supplemental Balance    HTML     35K 
                Sheet Information (Details)                                      
77: R54         Note 8 - Operating Leases - Operating Leases        HTML     47K 
                Maturities (Details)                                             
64: R55         Note 9 - Other Commitments and Contingencies        HTML     28K 
                (Details Textual)                                                
13: R56         Note 10 - Share-based Compensation (Details         HTML    100K 
                Textual)                                                         
42: R57         Note 10 - Share-based Compensation - Shares         HTML     45K 
                Authorized, Available for Future Grant and                       
                Outstanding Under Each Plan (Details)                            
76: R58         Note 10 - Share-based Compensation - Summary of     HTML     69K 
                Option Activity Under Stock Plans (Details)                      
66: R59         Note 10 - Share-based Compensation - Summary of     HTML     40K 
                Non-vested Options (Details)                                     
32: R60         Note 10 - Share-based Compensation - Summary of     HTML     61K 
                the Weighted-average Characteristics of                          
                Outstanding Stock Options (Details)                              
41: R61         Note 10 - Share-based Compensation - Summary of     HTML     44K 
                Valuation Assumptions Related to Options Granted                 
                (Details)                                                        
91: R62         Note 10 - Share-based Compensation - Restricted     HTML     51K 
                Stock Units (Details)                                            
58: R63         Note 11 - Common and Preferred Stock (Details       HTML     35K 
                Textual)                                                         
31: R64         Note 12 - Earnings (Loss) Per Share (Details        HTML     33K 
                Textual)                                                         
40: R65         Note 12 - Earnings (Loss) Per Share - Summary of    HTML     76K 
                Reconciliations Between the Numerator and the                    
                Denominator of the Basic and Diluted Earnings Per                
                Share Computations (Details)                                     
90: R66         Note 13 - Profit Sharing and 401k Plan (Details     HTML     34K 
                Textual)                                                         
57: R67         Note 14 - Product Line and Geographic Information   HTML     31K 
                (Details Textual)                                                
33: R68         Note 14 - Product Line and Geographic Information   HTML     46K 
                - Net Sales by Product Line (Details)                            
39: R69         Note 14 - Product Line and Geographic Information   HTML     47K 
                - Sales by Geographic Region (Details)                           
44: R70         Note 15 - Income Taxes (Details Textual)            HTML     48K 
17: R71         Note 15 - Income Taxes - Components of Income Tax   HTML     52K 
                Benefit (Expense) (Details)                                      
62: R72         Note 15 - Income Taxes - Reconciliation of the      HTML     52K 
                Amount of Income Taxes Computed at the Federal                   
                Statutory Rate to the Amount Reflected in                        
                Consolidated Statements of Operations (Details)                  
74: R73         Note 15 - Income Taxes - Effects of Temporary       HTML     63K 
                Differences Related to Various Assets, Liabilities               
                and Carry Forwards That Give Rise to Deferred Tax                
                Assets and Liabilities (Details)                                 
45: R74         Note 15 - Income Taxes - Net Operating Loss Carry   HTML     58K 
                Forwards and Tax Credit Carry Forwards Available                 
                to Offset Future Federal Income Tax (Details)                    
18: R75         Note 15 - Income Taxes - Open Tax Years and         HTML     39K 
                Jurisdictions That the Company Used in Its                       
                Evaluation of Tax Positions (Details)                            
63: R76         Note 16 - Related-party Transactions and Balances   HTML     40K 
                (Details Textual)                                                
75: R77         Note 17 - Subsequent Events (Details Textual)       HTML     29K 
46: R78         Note 18 - Selected Quarterly Financial Data         HTML     56K 
                (Unaudited) - Quarterly Financial Information                    
                (Unaudited) (Details)                                            
15: R79         Schedule II - Valuation and Qualifying Accounts -   HTML     38K 
                Valuation and Qualifying Accounts (Details)                      
16: XML         IDEA XML File -- Filing Summary                      XML    180K 
83: EXCEL       IDEA Workbook of Financial Reports                  XLSX     86K 
 7: EX-101.INS  XBRL Instance -- cyan-20200331                       XML   2.33M 
 9: EX-101.CAL  XBRL Calculations -- cyan-20200331_cal               XML    167K 
10: EX-101.DEF  XBRL Definitions -- cyan-20200331_def                XML   1.48M 
11: EX-101.LAB  XBRL Labels -- cyan-20200331_lab                     XML   1.21M 
12: EX-101.PRE  XBRL Presentations -- cyan-20200331_pre              XML   1.53M 
 8: EX-101.SCH  XBRL Schema -- cyan-20200331                         XSD    246K 
36: ZIP         XBRL Zipped Folder -- 0001437749-20-013699-xbrl      Zip    196K 


‘EX-23.1’   —   Consent of Experts or Counsel


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Exhibit 23.1

 

 

CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

 

We have issued our report dated June 23, 2020, with respect to the consolidated financial statements and schedule included in the Annual Report of Cyanotech Corporation on Form 10-K for the year ended March 31, 2020. We consent to the incorporation by reference of said report in the Registration Statements of Cyanotech Corporation on Form S-3 (File No. 333-42486 effective July 28, 2000, File No. 333-97755 effective August 7, 2002, and File No. 333-101401 effective November 22, 2002), and on Form S-8 (File No. 333-63789 effective October 27, 1995, File No. 333-42484 effective July 28, 2000, File No. 333-1419111 effective April 5, 2007, File No. 333-141912 effective April 5, 2007, File No. 333-154165 effective October 10, 2008, File No. 333-179605 effective February 21, 2012, File No. 333-198790 effective September 17, 2014, and File No. 333-214572 effective November 10, 2016).

 

 

/s/ GRANT THORNTON LLP

 

Newport Beach, California

June 23, 2020

 

 

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-K’ Filing    Date    Other Filings
Filed on:6/23/20
For Period end:3/31/204
11/10/1610-Q,  S-8
9/17/14S-8
2/21/1210-K/A,  10-Q/A,  CORRESP,  DEFR14A,  S-8
10/10/08S-8
4/5/07S-8
11/22/02S-3
8/7/02S-3MEF
7/28/00S-3,  S-8
10/27/95S-8
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