2015 Q4 Form 10-Q Financial Statement
#000114420415065489 Filed on November 16, 2015
Income Statement
Concept | 2015 Q4 | 2015 Q3 | 2014 Q3 |
---|---|---|---|
Revenue | $20.00K | $108.7K | $187.8K |
YoY Change | -91.67% | -42.12% | -45.48% |
Cost Of Revenue | $50.00K | $321.8K | $264.5K |
YoY Change | -91.07% | 21.67% | 102.23% |
Gross Profit | -$20.00K | -$213.1K | -$76.69K |
YoY Change | -93.75% | 177.82% | -130.58% |
Gross Profit Margin | -100.0% | -196.04% | -40.84% |
Selling, General & Admin | $610.0K | $144.3K | $2.095M |
YoY Change | -76.26% | -93.11% | 213.96% |
% of Gross Profit | |||
Research & Development | $80.00K | $92.86K | $153.2K |
YoY Change | -63.64% | -39.38% | |
% of Gross Profit | |||
Depreciation & Amortization | $130.0K | $130.0K | $130.0K |
YoY Change | 85.71% | 0.0% | 44.44% |
% of Gross Profit | |||
Operating Expenses | $830.0K | $365.6K | $2.380M |
YoY Change | -70.88% | -84.64% | 117.03% |
Operating Profit | -$850.0K | -$578.6K | -$2.457M |
YoY Change | -73.19% | -76.45% | 190.42% |
Interest Expense | $100.0K | $81.00 | -$416.00 |
YoY Change | -119.47% | -102.64% | |
% of Operating Profit | |||
Other Income/Expense, Net | $0.00 | $81.00 | -$12.42K |
YoY Change | -100.65% | -49.87% | |
Pretax Income | -$750.0K | -$580.0K | -$2.470M |
YoY Change | -76.71% | -76.52% | 183.91% |
Income Tax | |||
% Of Pretax Income | |||
Net Earnings | -$750.0K | -$578.5K | -$2.470M |
YoY Change | -76.71% | -76.57% | 183.59% |
Net Earnings / Revenue | -3750.0% | -532.31% | -1315.21% |
Basic Earnings Per Share | |||
Diluted Earnings Per Share | -$229.4K | -$177.4K | -$1.012M |
COMMON SHARES | |||
Basic Shares Outstanding | 81.80M shares | 61.06M | |
Diluted Shares Outstanding |
Balance Sheet
Concept | 2015 Q4 | 2015 Q3 | 2014 Q3 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $1.740M | $120.0K | $2.200M |
YoY Change | 0.0% | -94.55% | 2344.44% |
Cash & Equivalents | $1.687M | $51.91K | $2.152M |
Short-Term Investments | $50.00K | $60.00K | $50.00K |
Other Short-Term Assets | $40.00K | $80.00K | $170.0K |
YoY Change | -55.56% | -52.94% | |
Inventory | |||
Prepaid Expenses | |||
Receivables | $22.74K | $49.01K | $400.0K |
Other Receivables | $0.00 | $50.00K | $30.00K |
Total Short-Term Assets | $1.805M | $298.0K | $2.800M |
YoY Change | -44.87% | -89.36% | 851.7% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $0.00 | $0.00 | $0.00 |
YoY Change | -100.0% | -100.0% | |
Goodwill | $700.5K | $700.5K | |
YoY Change | 0.0% | ||
Intangibles | $2.841M | $2.790M | |
YoY Change | -8.28% | ||
Long-Term Investments | |||
YoY Change | |||
Other Assets | |||
YoY Change | |||
Total Long-Term Assets | $3.541M | $3.490M | $3.980M |
YoY Change | -6.77% | -12.3% | 2.92% |
TOTAL ASSETS | |||
Total Short-Term Assets | $1.805M | $298.0K | $2.800M |
Total Long-Term Assets | $3.541M | $3.490M | $3.980M |
Total Assets | $5.346M | $3.788M | $6.780M |
YoY Change | -24.41% | -44.12% | 62.94% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $210.0K | $260.0K | $530.0K |
YoY Change | -73.08% | -50.94% | 23.26% |
Accrued Expenses | |||
YoY Change | |||
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | $20.00K | $20.00K | $20.00K |
YoY Change | 0.0% | 0.0% | -88.24% |
Total Short-Term Liabilities | $891.2K | $355.5K | $760.0K |
YoY Change | -22.95% | -53.22% | 10.39% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $1.920M | $30.00K | $60.00K |
YoY Change | 3740.0% | -50.0% | -25.0% |
Other Long-Term Liabilities | |||
YoY Change | |||
Total Long-Term Liabilities | $1.923M | $29.80K | $60.00K |
YoY Change | 3613.32% | -50.33% | -24.81% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $891.2K | $355.5K | $760.0K |
Total Long-Term Liabilities | $1.923M | $29.80K | $60.00K |
Total Liabilities | $2.815M | $385.3K | $820.0K |
YoY Change | 132.9% | -53.01% | 6.74% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$24.24M | -$23.49M | |
YoY Change | 42.33% | ||
Common Stock | $817.00 | $818.00 | |
YoY Change | 5.01% | ||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | $623.0K | $623.0K | |
YoY Change | 0.0% | ||
Treasury Stock Shares | |||
Shareholders Equity | $2.532M | $3.403M | $5.960M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $5.346M | $3.788M | $6.780M |
YoY Change | -24.41% | -44.12% | 62.94% |
Cashflow Statement
Concept | 2015 Q4 | 2015 Q3 | 2014 Q3 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$750.0K | -$578.5K | -$2.470M |
YoY Change | -76.71% | -76.57% | 183.59% |
Depreciation, Depletion And Amortization | $130.0K | $130.0K | $130.0K |
YoY Change | 85.71% | 0.0% | 44.44% |
Cash From Operating Activities | -$670.0K | -$1.020M | -$2.100M |
YoY Change | -67.16% | -51.43% | 600.0% |
INVESTING ACTIVITIES | |||
Capital Expenditures | -$190.0K | -$60.00K | -$140.0K |
YoY Change | -258.33% | -57.14% | |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $0.00 | ||
YoY Change | -100.0% | ||
Cash From Investing Activities | -$190.0K | -$60.00K | -$140.0K |
YoY Change | -371.43% | -57.14% | |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 2.500M | -10.00K | 3.880M |
YoY Change | 67.79% | -100.26% | 2055.56% |
NET CHANGE | |||
Cash From Operating Activities | -670.0K | -1.020M | -2.100M |
Cash From Investing Activities | -190.0K | -60.00K | -140.0K |
Cash From Financing Activities | 2.500M | -10.00K | 3.880M |
Net Change In Cash | 1.640M | -1.090M | 1.640M |
YoY Change | -441.67% | -166.46% | -1466.67% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$670.0K | -$1.020M | -$2.100M |
Capital Expenditures | -$190.0K | -$60.00K | -$140.0K |
Free Cash Flow | -$480.0K | -$960.0K | -$1.960M |
YoY Change | -77.78% | -51.02% | 553.33% |
Facts In Submission
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---|---|---|---|---|
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IncreaseDecreaseInAccountsPayableRelatedParties
|
-243424 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-4804778 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-3761724 | USD | |
us-gaap |
Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
|
88156 | USD | |
us-gaap |
Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
|
556611 | USD | |
us-gaap |
Proceeds From Repayments Of Notes Payable
ProceedsFromRepaymentsOfNotesPayable
|
-172000 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-88156 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-556611 | USD | |
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
325000 | USD | |
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
1305689 | USD | |
us-gaap |
Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
|
1750000 | USD | |
us-gaap |
Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
|
0 | USD | |
aeye |
Increase Decrease In Stock Subscription Receivable
IncreaseDecreaseInStockSubscriptionReceivable
|
-1175000 | USD | |
aeye |
Increase Decrease In Stock Subscription Receivable
IncreaseDecreaseInStockSubscriptionReceivable
|
0 | USD | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
3271943 | USD | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
4623210 | USD | |
us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
-1620991 | USD | |
us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
304875 | USD | |
CY2014Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
1672901 | USD |
CY2013Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
1847004 | USD |
CY2015Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
51910 | USD |
CY2014Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
2151879 | USD |
us-gaap |
Interest Paid
InterestPaid
|
307 | USD | |
us-gaap |
Interest Paid
InterestPaid
|
7444 | USD | |
aeye |
Marketable Securities Received For Accounts Receivable
MarketableSecuritiesReceivedForAccountsReceivable
|
0 | USD | |
aeye |
Marketable Securities Received For Accounts Receivable
MarketableSecuritiesReceivedForAccountsReceivable
|
60000 | USD | |
aeye |
Deemed Dividend Beneficial Conversion Feature On Convertible Preferred Stock
DeemedDividendBeneficialConversionFeatureOnConvertiblePreferredStock
|
594641 | USD | |
aeye |
Deemed Dividend Beneficial Conversion Feature On Convertible Preferred Stock
DeemedDividendBeneficialConversionFeatureOnConvertiblePreferredStock
|
0 | USD | |
us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
0 | USD | |
us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
0 | USD | |
CY2015Q1 | aeye |
Units Sold To Accredited Investors
UnitsSoldToAccreditedInvestors
|
812500 | shares |
CY2015Q1 | aeye |
Proceeds From Units Sold To Accredited Investors
ProceedsFromUnitsSoldToAccreditedInvestors
|
325000 | USD |
us-gaap |
Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
|
43943 | USD | |
us-gaap |
Stock Issued During Period Shares Issued For Services
StockIssuedDuringPeriodSharesIssuedForServices
|
2810272 | shares | |
aeye |
Stock Issued During Period Value Warrants Exercised
StockIssuedDuringPeriodValueWarrantsExercised
|
109855 | shares | |
us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
|
P3Y2M16D | ||
CY2014 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
|
P3Y9M14D | |
CY2015Q3 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
-299811 | USD |
us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
1200459 | USD | |
CY2014Q3 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
311149 | USD |
us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
1538557 | USD | |
CY2015Q3 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
|
568414 | USD |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
|
1 | pure | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
0 | pure | |
CY2015Q3 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
1297829 | USD |
CY2015Q3 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
2789832 | USD |
CY2015Q3 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.01 | |
CY2014Q3 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.04 | |
us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.09 | ||
us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.12 | ||
CY2015Q3 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
81800488 | shares |
CY2014Q3 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
61062150 | shares |
us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
80007507 | shares | |
us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
55993097 | shares | |
CY2015Q1 | aeye |
Accredited Investors Number
AccreditedInvestorsNumber
|
1 | pure |
CY2015Q3 | us-gaap |
Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
|
0 | USD |
CY2014Q3 | us-gaap |
Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
|
-12000 | USD |
us-gaap |
Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
|
0 | USD | |
us-gaap |
Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
|
-12000 | USD | |
us-gaap |
Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
|
0 | USD | |
us-gaap |
Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
|
35000 | USD | |
us-gaap |
Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
|
3524521 | USD | |
aeye |
Warrants Issued1
WarrantsIssued1
|
0 | USD | |
aeye |
Warrants Issued1
WarrantsIssued1
|
21514 | USD | |
us-gaap |
Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
|
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt"> <u><font style="FONT-SIZE: 10pt">Reclassification</font></u></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt"> <font style="FONT-SIZE: 10pt"> </font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt"> <font style="FONT-SIZE: 10pt">Certain prior year amounts have been reclassified to conform to the current year presentation.</font></div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> | ||
CY2015Q1 | aeye |
Exercise Price Of Units
ExercisePriceOfUnits
|
0.60 | |
CY2015Q1 | aeye |
Units Sold To Accredited Investors Warrant Term
UnitsSoldToAccreditedInvestorsWarrantTerm
|
P5Y | |
CY2015Q1 | aeye |
Units Sold To Accredited Investors Common Stock
UnitsSoldToAccreditedInvestorsCommonStock
|
1 | shares |
aeye |
Units Sold To Accredited Investors Common Stock
UnitsSoldToAccreditedInvestorsCommonStock
|
1 | shares | |
CY2015Q3 | aeye |
Working Capital Amount
WorkingCapitalAmount
|
57533 | USD |
CY2015Q2 | aeye |
Proceeds From Units Sold To Accredited Investors
ProceedsFromUnitsSoldToAccreditedInvestors
|
1750000 | USD |
CY2015Q2 | us-gaap |
Preferred Stock Dividend Rate Percentage
PreferredStockDividendRatePercentage
|
0.05 | pure |
CY2015Q2 | aeye |
Deemed Dividend Beneficial Conversion Feature On Convertible Preferred Stock
DeemedDividendBeneficialConversionFeatureOnConvertiblePreferredStock
|
594641 | USD |
CY2015Q3 | us-gaap |
Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
|
0 | USD |
CY2014Q3 | us-gaap |
Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
|
0 | USD |
us-gaap |
Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
|
594641 | USD | |
us-gaap |
Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
|
0 | USD | |
CY2015Q3 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-578543 | USD |
CY2014Q3 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-2469517 | USD |
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-7054943 | USD | |
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-6535708 | USD | |
CY2015Q3 | us-gaap |
Officers Compensation
OfficersCompensation
|
175000 | USD |
CY2015Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
|
500000 | shares |
CY2011Q4 | aeye |
Loan Term Period
LoanTermPeriod
|
P4Y | |
CY2015Q3 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
81800488 | shares |
CY2014Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
77817861 | shares |
CY2015Q3 | aeye |
Shares Not Expected To Be Earned
SharesNotExpectedToBeEarned
|
250000 | shares |
CY2015Q3 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
81800488 | shares |
CY2014Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
77817861 | shares |
CY2014Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.00001 | |
CY2015Q3 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.00001 | |
CY2014Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.00001 | |
CY2015Q3 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.00001 | |
CY2014Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
10000000 | shares |
CY2015Q3 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
10000000 | shares |
CY2015Q3 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
175000 | shares |
CY2015Q3 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
175000 | shares |
CY2014Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2014Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
CY2014Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
250000000 | shares |
CY2015Q3 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
250000000 | shares |