2013 Q3 Form 10-Q Financial Statement
#000119312513321550 Filed on August 06, 2013
Income Statement
Concept | 2013 Q3 | 2013 Q2 | 2012 Q2 |
---|---|---|---|
Revenue | $240.0K | $451.0K | $599.0K |
YoY Change | -93.1% | -24.71% | 30.22% |
Cost Of Revenue | |||
YoY Change | |||
Gross Profit | |||
YoY Change | |||
Gross Profit Margin | |||
Selling, General & Admin | $3.800M | $2.500M | $1.600M |
YoY Change | 153.33% | 56.25% | 60.0% |
% of Gross Profit | |||
Research & Development | $7.254M | $7.112M | $4.472M |
YoY Change | 64.86% | 59.03% | 3.64% |
% of Gross Profit | |||
Depreciation & Amortization | $40.00K | $60.00K | |
YoY Change | 33.33% | 50.0% | |
% of Gross Profit | |||
Operating Expenses | $11.05M | $9.608M | $6.028M |
YoY Change | 87.78% | 59.39% | -14.42% |
Operating Profit | -$10.81M | -$9.157M | -$5.429M |
YoY Change | 349.15% | 68.67% | -17.54% |
Interest Expense | $116.0K | $76.00K | $10.00K |
YoY Change | 2220.0% | 660.0% | |
% of Operating Profit | |||
Other Income/Expense, Net | |||
YoY Change | |||
Pretax Income | -$10.70M | -$9.100M | -$5.400M |
YoY Change | 345.83% | 68.52% | -18.18% |
Income Tax | $0.00 | $0.00 | $0.00 |
% Of Pretax Income | |||
Net Earnings | -$10.70M | -$9.081M | -$5.419M |
YoY Change | 345.25% | 67.58% | -17.34% |
Net Earnings / Revenue | -4456.25% | -2013.53% | -904.67% |
Basic Earnings Per Share | |||
Diluted Earnings Per Share | -$119.6K | -$109.1K | -$101.9K |
COMMON SHARES | |||
Basic Shares Outstanding | 88.78M shares | 79.16M shares | |
Diluted Shares Outstanding |
Balance Sheet
Concept | 2013 Q3 | 2013 Q2 | 2012 Q2 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $196.2M | $205.5M | $21.30M |
YoY Change | 749.26% | 864.56% | -47.28% |
Cash & Equivalents | $11.80M | $24.25M | $9.208M |
Short-Term Investments | $184.4M | $181.2M | $12.10M |
Other Short-Term Assets | $2.500M | $1.300M | $400.0K |
YoY Change | 316.67% | 225.0% | -42.86% |
Inventory | |||
Prepaid Expenses | |||
Receivables | |||
Other Receivables | |||
Total Short-Term Assets | $198.7M | $206.8M | $21.78M |
YoY Change | 738.82% | 849.53% | -46.89% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $490.0K | $92.00K | $92.00K |
YoY Change | 677.78% | 0.0% | -54.0% |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $120.0K | $56.00K | $7.000K |
YoY Change | 5900.0% | 700.0% | -93.0% |
Total Long-Term Assets | $610.0K | $148.0K | $99.00K |
YoY Change | 838.46% | 49.49% | -67.0% |
TOTAL ASSETS | |||
Total Short-Term Assets | $198.7M | $206.8M | $21.78M |
Total Long-Term Assets | $610.0K | $148.0K | $99.00K |
Total Assets | $199.3M | $206.9M | $21.87M |
YoY Change | 739.09% | 845.91% | -47.04% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $1.120M | $1.177M | $757.0K |
YoY Change | -0.97% | 55.48% | -31.18% |
Accrued Expenses | $6.670M | $6.488M | $5.225M |
YoY Change | 42.34% | 24.17% | 30.63% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | $0.00 | ||
YoY Change | |||
Total Short-Term Liabilities | $7.870M | $7.776M | $6.760M |
YoY Change | 29.31% | 15.03% | 14.58% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Other Long-Term Liabilities | $10.70M | $17.70M | $2.400M |
YoY Change | 637.5% | -4.0% | |
Total Long-Term Liabilities | $2.000K | $17.70M | $2.400M |
YoY Change | 637.5% | -4.0% | |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $7.870M | $7.776M | $6.760M |
Total Long-Term Liabilities | $2.000K | $17.70M | $2.400M |
Total Liabilities | $7.872M | $25.40M | $9.166M |
YoY Change | 29.35% | 177.11% | 7.84% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$393.6M | -$382.9M | -$358.5M |
YoY Change | 9.06% | 6.81% | |
Common Stock | $9.000K | $8.000K | $5.000K |
YoY Change | 50.0% | 60.0% | |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $180.8M | $181.5M | $12.71M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $199.3M | $206.9M | $21.87M |
YoY Change | 739.09% | 845.91% | -47.04% |
Cashflow Statement
Concept | 2013 Q3 | 2013 Q2 | 2012 Q2 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$10.70M | -$9.081M | -$5.419M |
YoY Change | 345.25% | 67.58% | -17.34% |
Depreciation, Depletion And Amortization | $40.00K | $60.00K | |
YoY Change | 33.33% | 50.0% | |
Cash From Operating Activities | -$9.470M | -$5.440M | -$4.800M |
YoY Change | 78.34% | 13.33% | -9.09% |
INVESTING ACTIVITIES | |||
Capital Expenditures | -$430.0K | -$60.00K | |
YoY Change | |||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | -$3.520M | -$98.55M | $8.390M |
YoY Change | 28.47% | -1274.61% | 30.48% |
Cash From Investing Activities | -$3.950M | -$98.61M | $8.390M |
YoY Change | 44.16% | -1275.33% | 30.48% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | $107.9M | ||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 970.0K | 109.9M | 60.00K |
YoY Change | -85.86% | 183016.67% | 20.0% |
NET CHANGE | |||
Cash From Operating Activities | -9.470M | -5.440M | -4.800M |
Cash From Investing Activities | -3.950M | -98.61M | 8.390M |
Cash From Financing Activities | 970.0K | 109.9M | 60.00K |
Net Change In Cash | -12.45M | 5.820M | 3.650M |
YoY Change | 946.22% | 59.45% | 204.17% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$9.470M | -$5.440M | -$4.800M |
Capital Expenditures | -$430.0K | -$60.00K | |
Free Cash Flow | -$9.040M | -$5.380M | |
YoY Change |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
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Cash And Cash Equivalents At Carrying Value
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Temporary Equity Shares Outstanding
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Preferred Stock Shares Outstanding
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Preferred Stock Par Or Stated Value Per Share
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Temporary Equity Par Or Stated Value Per Share
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Common Stock Shares Authorized
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Employee Related Liabilities Current
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Stockholders Equity
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Preferred Stock Value
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Available For Sale Securities Debt Securities Current
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OtherNoncashIncomeExpense
|
44000 | ||
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-11660000 | ||
us-gaap |
Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
|
-103000 | ||
us-gaap |
Net Income Loss
NetIncomeLoss
|
-11637000 | ||
us-gaap |
Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
|
156000 | ||
us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
79000 | ||
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
3216000 | ||
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
891000 | ||
us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
2319000 | ||
us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
12270000 | ||
us-gaap |
Operating Expenses
OperatingExpenses
|
12709000 | ||
us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
-85000 | ||
us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
1721000 | ||
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-1203000 | ||
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
98000 | ||
us-gaap |
Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
|
22005000 | ||
us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
9493000 | ||
CY2013Q2 | us-gaap |
Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
|
9200000 | shares |
CY2013Q2 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
107900000 | |
CY2012 | us-gaap |
Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
|
5347137 | shares |
CY2012Q2 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
52961000 | shares |
CY2012Q2 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
11833000 | shares |
CY2012Q2 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.10 | |
CY2012Q2 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
-3000 | |
CY2012Q2 | us-gaap |
Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
|
10000 | |
CY2012Q2 | us-gaap |
Revenues
Revenues
|
599000 | |
CY2012Q2 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-5422000 | |
CY2012Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-5429000 | |
CY2012Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-5419000 | |
CY2012Q2 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
1556000 | |
CY2012Q2 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
478000 | |
CY2012Q2 | us-gaap |
Operating Expenses
OperatingExpenses
|
6028000 | |
CY2012Q2 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
4472000 | |
CY2013Q2 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
83410000 | shares |
CY2013Q2 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
10942000 | shares |
CY2013Q2 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.11 | |
CY2013Q2 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
-41000 | |
CY2013Q2 | us-gaap |
Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
|
76000 | |
CY2013Q2 | us-gaap |
Revenues
Revenues
|
451000 | |
CY2013Q2 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-9122000 | |
CY2013Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-9157000 | |
CY2013Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-9081000 | |
CY2013Q2 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
2496000 | |
CY2013Q2 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
1100000 | |
CY2013Q2 | us-gaap |
Operating Expenses
OperatingExpenses
|
9608000 | |
CY2013Q2 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
7112000 |