2018 Q2 Form 10-Q Financial Statement

#000156459018020508 Filed on August 08, 2018

View on sec.gov

Income Statement

Concept 2018 Q2 2017 Q4 2017 Q2
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 $1.750M $1.630M -$2.180M
YoY Change -180.28% -29.13% -187.9%
% of Gross Profit
Research & Development $1.045M $2.153M $62.00K
YoY Change 1585.48% 2591.25% -13.89%
% of Gross Profit
Depreciation & Amortization $60.00K $90.00K $40.00K
YoY Change 50.0% 125.0% 0.0%
% of Gross Profit
Operating Expenses $1.045M $2.153M $62.00K
YoY Change 1585.48% 2591.25% -13.89%
Operating Profit
YoY Change
Interest Expense $20.00K $10.00K -$30.00K
YoY Change -166.67% -75.0% -150.0%
% of Operating Profit
Other Income/Expense, Net $8.000K $42.00K -$11.00K
YoY Change -172.73% -1150.0% 57.14%
Pretax Income -$2.788M -$3.740M -$166.0K
YoY Change 1579.52% -35.96% -97.59%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$2.788M -$3.740M -$169.0K
YoY Change 1549.7% 669.55% -28.99%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share -$34.88M -$62.33M $96.67M
COMMON SHARES
Basic Shares Outstanding 11.95M
Diluted Shares Outstanding

Balance Sheet

Concept 2018 Q2 2017 Q4 2017 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $15.30M $5.300M $13.90M
YoY Change 10.07% -48.27% -64.99%
Cash & Equivalents $15.33M $5.284M $6.000K
Short-Term Investments $0.00
Other Short-Term Assets $200.0K $600.0K $300.0K
YoY Change -33.33% -40.0% -81.25%
Inventory
Prepaid Expenses $168.0K $393.0K
Receivables $124.0K $0.00 $200.0K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $15.57M $5.900M $14.50M
YoY Change 7.39% 32677.78% -64.98%
LONG-TERM ASSETS
Property, Plant & Equipment $42.00K $100.0K $100.0K
YoY Change -58.0% -66.67% -80.0%
Goodwill $1.034M
YoY Change 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $101.0K $400.0K $300.0K
YoY Change -66.33% 33.33% 0.0%
Total Long-Term Assets $3.628M $3.992M $378.0K
YoY Change 859.79% 5.36% -52.75%
TOTAL ASSETS
Total Short-Term Assets $15.57M $5.900M $14.50M
Total Long-Term Assets $3.628M $3.992M $378.0K
Total Assets $19.20M $9.892M $14.88M
YoY Change 29.05% 159.84% -64.74%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $300.0K $213.0K $233.0K
YoY Change 28.76% 124.21% -61.17%
Accrued Expenses $2.500M $1.800M $1.400M
YoY Change 78.57% -70.0% -87.27%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $0.00
YoY Change -100.0% -100.0%
Total Short-Term Liabilities $2.800M $2.013M $1.800M
YoY Change 55.56% -34.49% -87.05%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0%
Other Long-Term Liabilities $0.00 $0.00
YoY Change
Total Long-Term Liabilities $0.00 $0.00 $0.00
YoY Change -100.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.800M $2.013M $1.800M
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $2.800M $2.013M $1.800M
YoY Change 55.56% -37.03% -87.05%
SHAREHOLDERS EQUITY
Retained Earnings -$12.69M
YoY Change 515.62%
Common Stock $20.57M
YoY Change 662.91%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $16.44M $15.80M $13.10M
YoY Change
Total Liabilities & Shareholders Equity $19.20M $9.892M $14.90M
YoY Change 28.86% 159.84% -64.69%

Cashflow Statement

Concept 2018 Q2 2017 Q4 2017 Q2
OPERATING ACTIVITIES
Net Income -$2.788M -$3.740M -$169.0K
YoY Change 1549.7% 669.55% -28.99%
Depreciation, Depletion And Amortization $60.00K $90.00K $40.00K
YoY Change 50.0% 125.0% 0.0%
Cash From Operating Activities -$1.870M -$3.630M -$2.530M
YoY Change -26.09% -47.99% -60.16%
INVESTING ACTIVITIES
Capital Expenditures -$40.00K $0.00
YoY Change -100.0%
Acquisitions
YoY Change
Other Investing Activities $0.00 $270.0K $760.0K
YoY Change -100.0% -97.41% -139.18%
Cash From Investing Activities -$40.00K $270.0K $760.0K
YoY Change -105.26% -97.41% -138.38%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 12.79M 890.0K 0.000
YoY Change
NET CHANGE
Cash From Operating Activities -1.870M -3.630M -2.530M
Cash From Investing Activities -40.00K 270.0K 760.0K
Cash From Financing Activities 12.79M 890.0K 0.000
Net Change In Cash 10.88M -2.470M -1.770M
YoY Change -714.69% -171.8% -78.75%
FREE CASH FLOW
Cash From Operating Activities -$1.870M -$3.630M -$2.530M
Capital Expenditures -$40.00K $0.00
Free Cash Flow -$1.830M -$2.530M
YoY Change -27.67% -59.9%

Facts In Submission

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achv Class Of Warrant Or Right Cancellation Description
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Additionally, subject to certain exceptions, if, after the June 19, 2018, (i) the volume weighted average price of our common stock for each of 30 consecutive trading days, or the Measurement Period, which Measurement Period commences on June 19, 2018, exceeds 300% of the exercise price (subject to adjustments for stock splits, recapitalizations, stock dividends and similar transactions), (ii) the average daily trading volume for such Measurement Period exceeds $500,000 per trading day and (iii) certain other equity conditions are met, and subject to a beneficial ownership limitation, then we may call for cancellation of all or any portion of the Warrants then outstanding.
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