2013 Q4 Form 10-Q Financial Statement

#000114420413058571 Filed on November 04, 2013

View on sec.gov

Income Statement

Concept 2013 Q4 2013 Q3 2012 Q4
Revenue $35.00K $83.00K $0.00
YoY Change
Cost Of Revenue $40.00K $80.00K
YoY Change
Gross Profit $0.00 $10.00K
YoY Change
Gross Profit Margin 0.0% 12.05%
Selling, General & Admin $2.790M $1.941M $1.850M
YoY Change 50.81% 33.59% 74.53%
% of Gross Profit 19410.0%
Research & Development $800.0K $1.289M $1.210M
YoY Change -33.88% 85.2% 53.16%
% of Gross Profit 12890.0%
Depreciation & Amortization $30.00K $30.00K $30.00K
YoY Change 0.0% -25.0% 0.0%
% of Gross Profit 300.0%
Operating Expenses $3.516M $3.308M $3.057M
YoY Change 15.01% 53.93% 65.24%
Operating Profit -$3.481M -$3.225M -$3.057M
YoY Change 13.87% 50.07%
Interest Expense $60.00K $0.00 $80.00K
YoY Change -25.0% 700.0%
% of Operating Profit
Other Income/Expense, Net $35.00K -$40.00K
YoY Change 288.89%
Pretax Income -$3.420M -$3.190M -$3.020M
YoY Change 13.25% 49.07% 64.13%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$3.417M -$3.190M -$3.016M
YoY Change 13.3% 49.07% 82.79%
Net Earnings / Revenue -9762.86% -3843.37%
Basic Earnings Per Share -$0.07 -$0.07 -$0.06
Diluted Earnings Per Share -$0.07 -$0.07 -$0.06
COMMON SHARES
Basic Shares Outstanding 48.32M shares 47.46K shares 45.86M shares
Diluted Shares Outstanding 47.46K shares

Balance Sheet

Concept 2013 Q4 2013 Q3 2012 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $26.07M $19.43M $27.42M
YoY Change -4.92% -33.74% -23.17%
Cash & Equivalents $12.34M $2.553M $7.476M
Short-Term Investments $13.73M $16.87M $19.95M
Other Short-Term Assets $820.0K $860.0K $270.0K
YoY Change 203.7% 138.89% -6.9%
Inventory $251.0K $300.0K $220.0K
Prepaid Expenses
Receivables $190.0K $60.00K $10.00K
Other Receivables $120.0K $120.0K $70.00K
Total Short-Term Assets $27.45M $20.77M $27.99M
YoY Change -1.92% -30.4% -22.52%
LONG-TERM ASSETS
Property, Plant & Equipment $941.0K $972.0K $1.052M
YoY Change -10.55% -9.67% 0.77%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $240.0K $20.00K $10.00K
YoY Change 2300.0%
Total Long-Term Assets $1.177M $996.0K $1.068M
YoY Change 10.21% -7.43% 2.3%
TOTAL ASSETS
Total Short-Term Assets $27.45M $20.77M $27.99M
Total Long-Term Assets $1.177M $996.0K $1.068M
Total Assets $28.63M $21.76M $29.06M
YoY Change -1.48% -29.6% -21.83%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $274.0K $253.0K $994.0K
YoY Change -72.43% 10.96% 1775.47%
Accrued Expenses $541.0K $775.0K $413.0K
YoY Change 30.99% 68.85% -13.42%
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 $1.107M $1.111M $1.424M
YoY Change -22.26% 61.72% 168.68%
LONG-TERM LIABILITIES
Long-Term Debt $9.600M $0.00 $0.00
YoY Change
Other Long-Term Liabilities $0.00 $10.00K $10.00K
YoY Change -100.0%
Total Long-Term Liabilities $9.600M $10.00K $10.00K
YoY Change 95900.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.107M $1.111M $1.424M
Total Long-Term Liabilities $9.600M $10.00K $10.00K
Total Liabilities $10.71M $1.116M $1.429M
YoY Change 649.27% 61.74% 169.62%
SHAREHOLDERS EQUITY
Retained Earnings -$349.1M -$345.7M -$335.2M
YoY Change 4.15% 4.06% 2.97%
Common Stock $367.0M $366.3M $362.9M
YoY Change 1.14% 1.08% 0.19%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $17.92M $20.65M $27.63M
YoY Change
Total Liabilities & Shareholders Equity $28.63M $21.76M $29.06M
YoY Change -1.48% -29.6% -21.83%

Cashflow Statement

Concept 2013 Q4 2013 Q3 2012 Q4
OPERATING ACTIVITIES
Net Income -$3.417M -$3.190M -$3.016M
YoY Change 13.3% 49.07% 82.79%
Depreciation, Depletion And Amortization $30.00K $30.00K $30.00K
YoY Change 0.0% -25.0% 0.0%
Cash From Operating Activities -$3.160M -$3.120M -$1.840M
YoY Change 71.74% 71.43% -2.65%
INVESTING ACTIVITIES
Capital Expenditures $0.00 $0.00 -$20.00K
YoY Change -100.0% -100.0% -75.0%
Acquisitions
YoY Change
Other Investing Activities $3.180M $2.110M -$19.99M
YoY Change -115.91%
Cash From Investing Activities $3.180M $2.100M -$20.00M
YoY Change -115.9% -10600.0% 24900.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 9.770M 2.980M 0.000
YoY Change -100.0%
NET CHANGE
Cash From Operating Activities -3.160M -3.120M -1.840M
Cash From Investing Activities 3.180M 2.100M -20.00M
Cash From Financing Activities 9.770M 2.980M 0.000
Net Change In Cash 9.790M 1.960M -21.84M
YoY Change -144.83% -206.52% 1003.03%
FREE CASH FLOW
Cash From Operating Activities -$3.160M -$3.120M -$1.840M
Capital Expenditures $0.00 $0.00 -$20.00K
Free Cash Flow -$3.160M -$3.120M -$1.820M
YoY Change 73.63% 73.33% 0.55%

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