2014 Q2 Form 10-Q Financial Statement

#000110465914057560 Filed on August 06, 2014

View on sec.gov

Income Statement

Concept 2014 Q2 2013 Q2
Revenue $9.321M $6.207M
YoY Change 50.17% 297.88%
Cost Of Revenue $9.890M $2.520M
YoY Change 292.46% 227.27%
Gross Profit $15.94M $5.570M
YoY Change 186.18% 605.06%
Gross Profit Margin 171.01% 89.74%
Selling, General & Admin $8.870M $1.820M
YoY Change 387.36% 89.58%
% of Gross Profit 55.65% 32.68%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $100.0K
YoY Change
% of Gross Profit 0.63%
Operating Expenses $8.870M $1.820M
YoY Change 387.36% 89.58%
Operating Profit $7.070M $3.750M
YoY Change 88.53% -2305.88%
Interest Expense $640.0K
YoY Change
% of Operating Profit 17.07%
Other Income/Expense, Net
YoY Change
Pretax Income $6.721M $3.265M
YoY Change 105.85% -1913.89%
Income Tax $83.00K $0.00
% Of Pretax Income 1.23% 0.0%
Net Earnings $6.638M $3.265M
YoY Change 103.31% -1965.71%
Net Earnings / Revenue 71.22% 52.6%
Basic Earnings Per Share $0.23
Diluted Earnings Per Share $0.23 $93.80K
COMMON SHARES
Basic Shares Outstanding 28.45M shares 10.22M shares
Diluted Shares Outstanding 28.59M shares 10.26M shares

Balance Sheet

Concept 2014 Q2 2013 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $20.20M $40.20M
YoY Change -49.75% -54.06%
Cash & Equivalents $20.15M $40.24M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $3.300M
Other Receivables $0.00
Total Short-Term Assets $20.20M $43.50M
YoY Change -53.56% -50.62%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $1.276B $526.0M
YoY Change 142.57% 572.63%
Other Assets $24.40M $9.200M
YoY Change 165.22% 113.95%
Total Long-Term Assets $1.401B $537.6M
YoY Change 160.69% 546.42%
TOTAL ASSETS
Total Short-Term Assets $20.20M $43.50M
Total Long-Term Assets $1.401B $537.6M
Total Assets $1.422B $581.1M
YoY Change 144.65% 239.29%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $0.00
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $10.10M $11.70M
YoY Change -13.68% 431.82%
LONG-TERM LIABILITIES
Long-Term Debt $968.6M $168.8M
YoY Change 473.82%
Other Long-Term Liabilities $39.00M $5.600M
YoY Change 596.43% 330.77%
Total Long-Term Liabilities $1.008B $174.4M
YoY Change 477.75% 13315.38%
TOTAL LIABILITIES
Total Short-Term Liabilities $10.10M $11.70M
Total Long-Term Liabilities $1.008B $174.4M
Total Liabilities $1.018B $186.2M
YoY Change 446.64% 5070.31%
SHAREHOLDERS EQUITY
Retained Earnings -$16.38M -$9.401M
YoY Change 74.23%
Common Stock $420.2M $404.3M
YoY Change 3.94% 439331.52%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $403.8M $394.9M
YoY Change
Total Liabilities & Shareholders Equity $1.422B $581.1M
YoY Change 144.65% 239.29%

Cashflow Statement

Concept 2014 Q2 2013 Q2
OPERATING ACTIVITIES
Net Income $6.638M $3.265M
YoY Change 103.31% -1965.71%
Depreciation, Depletion And Amortization $100.0K
YoY Change
Cash From Operating Activities -$50.00M $800.0K
YoY Change -6350.0% -260.0%
INVESTING ACTIVITIES
Capital Expenditures -$100.0K $0.00
YoY Change -100.0%
Acquisitions
YoY Change
Other Investing Activities -$115.4M -$116.5M
YoY Change -0.94% 12844.44%
Cash From Investing Activities -$115.6M -$116.5M
YoY Change -0.77% 11550.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $234.6M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 155.4M 133.5M
YoY Change 16.4% 58.36%
NET CHANGE
Cash From Operating Activities -50.00M 800.0K
Cash From Investing Activities -115.6M -116.5M
Cash From Financing Activities 155.4M 133.5M
Net Change In Cash -10.20M 17.80M
YoY Change -157.3% -78.5%
FREE CASH FLOW
Cash From Operating Activities -$50.00M $800.0K
Capital Expenditures -$100.0K $0.00
Free Cash Flow -$49.90M $800.0K
YoY Change -6337.5% -300.0%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
us-gaap Prior Period Reclassification Adjustment Description
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us-gaap Concentration Risk Credit Risk
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dei Entity Registrant Name
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2014-06-30
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us-gaap Income Taxes Paid
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