2017 Q4 Form 10-K Financial Statement

#000156459018004159 Filed on March 01, 2018

View on sec.gov

Income Statement

Concept 2017 Q4 2017 Q3 2017 Q1
Revenue $0.00 $0.00 $0.00
YoY Change -100.0%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $1.630M $1.550M $2.530M
YoY Change -29.13% -16.67% 10.0%
% of Gross Profit
Research & Development $2.153M $825.0K $61.00K
YoY Change 2591.25% 1095.65% -6.15%
% of Gross Profit
Depreciation & Amortization $90.00K $60.00K $93.00K
YoY Change 125.0% 20.0% 66.07%
% of Gross Profit
Operating Expenses $2.153M $825.0K $61.00K
YoY Change 2591.25% 1095.65% -99.17%
Operating Profit
YoY Change
Interest Expense $10.00K $10.00K $30.00K
YoY Change -75.0% -80.0% -40.0%
% of Operating Profit
Other Income/Expense, Net $42.00K -$7.025M -$8.000K
YoY Change -1150.0% 100257.14% 33.33%
Pretax Income -$3.740M -$9.400M -$329.0K
YoY Change -35.96% 2220.99% -91.13%
Income Tax $0.00 -$2.930M
% Of Pretax Income
Net Earnings -$3.740M -$6.469M -$205.0K
YoY Change 669.55% 2313.81% -15.29%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share -$62.33M -$161.8M -$327.0M
COMMON SHARES
Basic Shares Outstanding 11.95M 30.09M
Diluted Shares Outstanding

Balance Sheet

Concept 2017 Q4 2017 Q3 2017 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $5.300M $8.000M $784.0K
YoY Change -48.27% -37.41% -98.3%
Cash & Equivalents $5.284M $8.021M $24.00K
Short-Term Investments $760.0K
Other Short-Term Assets $600.0K $500.0K $800.0K
YoY Change -40.0% -72.22% 243.35%
Inventory
Prepaid Expenses $393.0K $535.0K $765.0K
Receivables $0.00 $70.00K $237.0K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $5.900M $8.626M $17.45M
YoY Change 32677.78% -74.85% -63.63%
LONG-TERM ASSETS
Property, Plant & Equipment $100.0K $94.00K $166.0K
YoY Change -66.67% -81.2% -69.6%
Goodwill $1.034M $1.034M
YoY Change 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $400.0K $415.0K $13.00K
YoY Change 33.33% 38.33% -65.79%
Total Long-Term Assets $3.992M $4.403M $451.0K
YoY Change 5.36% 450.38% -47.31%
TOTAL ASSETS
Total Short-Term Assets $5.900M $8.626M $17.45M
Total Long-Term Assets $3.992M $4.403M $451.0K
Total Assets $9.892M $13.03M $17.90M
YoY Change 159.84% -62.88% -63.34%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $213.0K $495.0K $359.0K
YoY Change 124.21% -50.5% -39.36%
Accrued Expenses $1.800M $1.800M $1.400M
YoY Change -70.0% -80.22% -86.14%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $0.00 $100.0K
YoY Change -100.0% -100.0% 0.0%
Total Short-Term Liabilities $2.013M $2.331M $1.980M
YoY Change -34.49% -77.98% -86.34%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0% -100.0%
Other Long-Term Liabilities $0.00
YoY Change
Total Long-Term Liabilities $0.00 $0.00 $0.00
YoY Change -100.0% -100.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.013M $2.331M $1.980M
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $2.013M $2.347M $2.012M
YoY Change -37.03% -77.97% -86.22%
SHAREHOLDERS EQUITY
Retained Earnings -$12.69M -$8.915M -$200.2M
YoY Change 515.62% -95.33%
Common Stock $20.57M $19.59M $213.5M
YoY Change 662.91% -90.8%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $15.80M $10.68M $15.89M
YoY Change
Total Liabilities & Shareholders Equity $9.892M $13.03M $17.90M
YoY Change 159.84% -62.85% -63.31%

Cashflow Statement

Concept 2017 Q4 2017 Q3 2017 Q1
OPERATING ACTIVITIES
Net Income -$3.740M -$6.469M -$205.0K
YoY Change 669.55% 2313.81% -15.29%
Depreciation, Depletion And Amortization $90.00K $60.00K $93.00K
YoY Change 125.0% 20.0% 66.07%
Cash From Operating Activities -$3.630M $6.050M -$9.000M
YoY Change -47.99% -183.33% -0.99%
INVESTING ACTIVITIES
Capital Expenditures $1.000K
YoY Change
Acquisitions
YoY Change
Other Investing Activities $270.0K $2.150M $9.470M
YoY Change -97.41% -74.65% -250.08%
Cash From Investing Activities $270.0K $2.150M $9.470M
YoY Change -97.41% -74.65% -250.08%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 890.0K 1.130M -20.00K
YoY Change
NET CHANGE
Cash From Operating Activities -3.630M 6.050M -9.000M
Cash From Investing Activities 270.0K 2.150M 9.470M
Cash From Financing Activities 890.0K 1.130M -20.00K
Net Change In Cash -2.470M 9.330M 9.000K
YoY Change -171.8% 664.75% -100.06%
FREE CASH FLOW
Cash From Operating Activities -$3.630M $6.050M -$9.000M
Capital Expenditures $1.000K
Free Cash Flow -$9.001M
YoY Change

Facts In Submission

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<div> <p style="margin-bottom:0pt;margin-top:6pt;text-indent:0%;font-style:italic;font-size:10pt;font-family:Times New Roman;font-weight:normal;text-transform:none;font-variant: normal;">Use of Estimates </p> <p style="margin-bottom:0pt;margin-top:6pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The preparation of consolidated financial statements in conformity with United States generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and notes thereto. Actual results could differ from these estimates. Estimates and assumptions principally relate to estimates of the fair value of our warrant liability, the initial fair value and forfeiture rates of stock options issued to employees and consultants, the estimated compensation cost on performance restricted stock unit awards and clinical trial and manufacturing accruals, estimated useful lives of property, plant and equipment and estimates and assumptions in contingent liabilities. </p></div>
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