2012 Q4 Form 10-K Financial Statement

#000114420414014930 Filed on March 11, 2014

View on sec.gov

Income Statement

Concept 2012 Q4 2012 Q3 2012 Q2
Revenue $6.010M $6.700M $6.320M
YoY Change -3.69% 27.38% -1.71%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $2.620M $3.280M $2.780M
YoY Change -2.24% 0.0% -18.48%
% of Gross Profit
Research & Development $4.750M $5.139M $4.919M
YoY Change 4.86% 5.21% -17.8%
% of Gross Profit
Depreciation & Amortization $70.00K $72.45K $70.00K
YoY Change -36.36% -39.62% -36.36%
% of Gross Profit
Operating Expenses $7.440M $8.487M $7.775M
YoY Change 1.64% 2.47% -18.24%
Operating Profit -$1.427M -$1.790M -$1.458M
YoY Change 31.83% -40.75% -52.68%
Interest Expense $140.0K $112.5K $111.4K
YoY Change -86.79% 1032.99% 633.89%
% of Operating Profit
Other Income/Expense, Net $30.00K $1.599M $717.8K
YoY Change -400.0% -46.51% 11.51%
Pretax Income -$1.260M -$191.9K -$740.4K
YoY Change -268.0% 472.8% -69.63%
Income Tax $10.00K $22.07K $16.13K
% Of Pretax Income
Net Earnings -$1.270M -$213.9K -$756.5K
YoY Change -269.48% 538.69% -68.96%
Net Earnings / Revenue -21.13% -3.19% -11.97%
Basic Earnings Per Share -$0.03 $0.00 -$0.02
Diluted Earnings Per Share -$0.03 $0.00 -$0.02
COMMON SHARES
Basic Shares Outstanding 48.37M shares 48.37M shares 48.33M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2012 Q4 2012 Q3 2012 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $12.70M $14.70M $11.80M
YoY Change 13.39% 41.35% -16.9%
Cash & Equivalents $12.70M $14.73M $11.78M
Short-Term Investments
Other Short-Term Assets $500.0K $400.0K $700.0K
YoY Change -44.44% -75.0% -50.0%
Inventory
Prepaid Expenses
Receivables $6.500M $5.300M $8.200M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $19.80M $20.38M $20.68M
YoY Change 0.93% 11.36% -9.68%
LONG-TERM ASSETS
Property, Plant & Equipment $484.0K $553.1K $625.5K
YoY Change -38.63% -38.55% -37.45%
Goodwill $2.348M $2.348M $2.348M
YoY Change 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $113.1K $130.7K $150.5K
YoY Change 111.92% 30.71% 50.48%
Total Long-Term Assets $2.946M $3.032M $3.124M
YoY Change -7.68% -8.11% -8.1%
TOTAL ASSETS
Total Short-Term Assets $19.80M $20.38M $20.68M
Total Long-Term Assets $2.946M $3.032M $3.124M
Total Assets $22.74M $23.41M $23.81M
YoY Change -0.27% 8.38% -9.48%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.697M $1.847M $2.063M
YoY Change 17.4% 361.65% -17.49%
Accrued Expenses $2.300M $3.200M $3.100M
YoY Change -14.81% 0.0% -8.82%
Deferred Revenue
YoY Change
Short-Term Debt $1.331M $1.208M $0.00
YoY Change
Long-Term Debt Due $750.0K $681.8K $454.5K
YoY Change
Total Short-Term Liabilities $7.488M $6.971M $5.659M
YoY Change 62.25% 88.39% -4.08%
LONG-TERM LIABILITIES
Long-Term Debt $1.704M $1.764M $1.984M
YoY Change
Other Long-Term Liabilities $579.4K $579.7K $564.9K
YoY Change 28.84% -82.95% -91.03%
Total Long-Term Liabilities $2.284M $2.344M $2.548M
YoY Change 407.78% -31.06% -59.55%
TOTAL LIABILITIES
Total Short-Term Liabilities $7.488M $6.971M $5.659M
Total Long-Term Liabilities $2.284M $2.344M $2.548M
Total Liabilities $11.07M $10.86M $10.26M
YoY Change 59.21% 52.96% -15.88%
SHAREHOLDERS EQUITY
Retained Earnings -$198.6M -$197.3M -$197.1M
YoY Change 2.54%
Common Stock $210.5M $210.1M $209.7M
YoY Change 0.94%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $11.67M $12.55M $13.55M
YoY Change
Total Liabilities & Shareholders Equity $22.74M $23.41M $23.81M
YoY Change -0.27% 8.38% -9.48%

Cashflow Statement

Concept 2012 Q4 2012 Q3 2012 Q2
OPERATING ACTIVITIES
Net Income -$1.270M -$213.9K -$756.5K
YoY Change -269.48% 538.69% -68.96%
Depreciation, Depletion And Amortization $70.00K $72.45K $70.00K
YoY Change -36.36% -39.62% -36.36%
Cash From Operating Activities -$2.140M $1.730M -$2.700M
YoY Change 164.2% -147.92% 107.69%
INVESTING ACTIVITIES
Capital Expenditures $0.00 $0.00 $0.00
YoY Change -100.0% -100.0%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00 $0.00
YoY Change -100.0%
Cash From Investing Activities $0.00 $0.00 $0.00
YoY Change -100.0% -100.0% -100.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 120.0K 1.210M -810.0K
YoY Change 300.0% -2520.0% -113.99%
NET CHANGE
Cash From Operating Activities -2.140M 1.730M -2.700M
Cash From Investing Activities 0.000 0.000 0.000
Cash From Financing Activities 120.0K 1.210M -810.0K
Net Change In Cash -2.020M 2.940M -3.510M
YoY Change -306.12% -179.46% -178.7%
FREE CASH FLOW
Cash From Operating Activities -$2.140M $1.730M -$2.700M
Capital Expenditures $0.00 $0.00 $0.00
Free Cash Flow -$2.140M $1.730M -$2.700M
YoY Change 164.2% -148.46% 112.6%

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<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div><!--StartFragment--> <p style="FONT: 10pt Times New Roman, Times, Serif; MARGIN: 0pt 0px; font-size-adjust: none; font-stretch: normal"> <strong><em>Concentration of Credit Risk</em></strong></p> <p style="FONT: 10pt Times New Roman, Times, Serif; MARGIN: 0pt 0px; TEXT-INDENT: 15pt; font-size-adjust: none; font-stretch: normal"> <strong><em>&nbsp;</em></strong></p> <p style="FONT: 10pt Times New Roman, Times, Serif; MARGIN: 0pt 0px; TEXT-INDENT: 15pt; font-size-adjust: none; font-stretch: normal"> Financial instruments that potentially subject us to concentrations of credit risk are primarily cash and cash equivalents, and billed and unbilled accounts receivable. We maintain our cash and cash equivalents in the form of money market accounts and overnight deposits with financial institutions that we believe are credit worthy. Because our billed and unbilled accounts receivable consist of amounts due from the U.S. federal government, management deems there to be minimal credit risk.</p> <!--EndFragment--></div> </div>
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CY2012Q4 us-gaap Derivative Liabilities Noncurrent
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CY2012Q2 us-gaap Earnings Per Share Basic
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CY2012Q3 us-gaap Earnings Per Share Diluted
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0
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CY2012 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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181 USD
CY2011 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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CY2012Q4 us-gaap Employee Related Liabilities Current And Noncurrent
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CY2013Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
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1300000 USD
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P1Y9M
CY2013Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
1300000 USD
CY2013 us-gaap Gain Loss On Disposition Of Assets
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CY2012 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
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CY2011 us-gaap Gain Loss On Disposition Of Assets
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781760 USD
CY2013 us-gaap Gain Loss On Sale Of Property Plant Equipment
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3500 USD
CY2012 us-gaap Gain Loss On Sale Of Property Plant Equipment
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66626 USD
CY2011 us-gaap Gain Loss On Sale Of Property Plant Equipment
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CY2013 us-gaap General And Administrative Expense
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13279186 USD
CY2012 us-gaap General And Administrative Expense
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11628732 USD
CY2011 us-gaap General And Administrative Expense
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14311079 USD
CY2013Q4 us-gaap Goodwill
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2348453 USD
CY2012Q4 us-gaap Goodwill
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2348453 USD
CY2011 us-gaap Income Taxes Paid
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CY2013 us-gaap Income Tax Expense Benefit
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61746 USD
CY2013 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
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CY2012 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
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388656 USD
CY2011 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
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CY2013 us-gaap Income Tax Reconciliation Deductions Other
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CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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CY2012 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-4724586 USD
CY2011 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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CY2013 us-gaap Income Taxes Paid
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CY2012 us-gaap Income Taxes Paid
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CY2012 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
195497 USD
CY2011 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2013 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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2646910 USD
CY2012 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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-202451 USD
CY2011 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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14138691 USD
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IncomeTaxReconciliationOtherReconcilingItems
1393366 USD
CY2011 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
732322 USD
CY2013 us-gaap Income Tax Reconciliation State And Local Income Taxes
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-1179476 USD
CY2012 us-gaap Income Tax Reconciliation State And Local Income Taxes
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-19918 USD
CY2011 us-gaap Income Tax Reconciliation State And Local Income Taxes
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-232489 USD
CY2013 us-gaap Income Tax Reconciliation Tax Settlements Foreign
IncomeTaxReconciliationTaxSettlementsForeign
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CY2012 us-gaap Income Tax Reconciliation Tax Settlements Foreign
IncomeTaxReconciliationTaxSettlementsForeign
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CY2011 us-gaap Income Tax Reconciliation Tax Settlements Foreign
IncomeTaxReconciliationTaxSettlementsForeign
-8965832 USD
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-193605 USD
CY2011 us-gaap Income Tax Reconciliation Deductions Other
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-391826 USD
CY2013 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
-710512 USD
CY2012 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
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-80292 USD
CY2011 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
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-50173 USD
CY2013 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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-3963246 USD
CY2012 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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-1604648 USD
CY2011 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
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CY2013 us-gaap Income Tax Reconciliation Nondeductible Expense Other
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CY2012 us-gaap Income Tax Reconciliation Nondeductible Expense Other
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CY2011 us-gaap Income Tax Reconciliation Nondeductible Expense Other
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4975 USD
CY2011 us-gaap Income Tax Reconciliation Other Adjustments
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22101 USD
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CY2012 us-gaap Increase Decrease In Accounts Payable
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251561 USD
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CY2011 us-gaap Increase Decrease In Accounts Receivable
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CY2013 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
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773566 USD
CY2012 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
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CY2011 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
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CY2012 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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CY2012 us-gaap Interest Paid
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220219 USD
CY2011 us-gaap Interest Paid
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54573 USD
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2575 USD
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800000 USD
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800000 USD
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800000 USD
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5030127 USD
CY2012 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
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3720071 USD
CY2011 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
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67400 USD
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CY2011 us-gaap Nonoperating Income Expense
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CY2013 us-gaap Number Of Operating Segments
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1 pure
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OperatingExpenses
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CY2012 us-gaap Operating Expenses
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31442277 USD
CY2011 us-gaap Operating Expenses
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35992005 USD
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CY2011 us-gaap Operating Income Loss
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CY2013Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
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CY2012Q1 us-gaap Operating Income Loss
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OperatingIncomeLoss
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OperatingIncomeLoss
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CY2013Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
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CY2013Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
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CY2013Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
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CY2012Q4 us-gaap Other Accrued Liabilities Current And Noncurrent
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CY2012Q4 us-gaap Other Assets Noncurrent
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CY2013 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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CY2012 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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CY2011 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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CY2013 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Reclassification Adjustment From Aoci Realized Upon Sale Or Liquidation Net Of Tax
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CY2012 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Reclassification Adjustment From Aoci Realized Upon Sale Or Liquidation Net Of Tax
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CY2011 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Reclassification Adjustment From Aoci Realized Upon Sale Or Liquidation Net Of Tax
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CY2013 us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2012 us-gaap Proceeds From Sale Of Property Plant And Equipment
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67400 USD
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3500 USD
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CY2011 us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2012 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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CY2011 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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CY2013Q4 us-gaap Other Liabilities Noncurrent
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CY2012Q4 us-gaap Other Liabilities Noncurrent
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CY2013 us-gaap Paid In Kind Interest
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CY2012 us-gaap Paid In Kind Interest
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122342 USD
CY2011 us-gaap Paid In Kind Interest
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CY2013 us-gaap Payments For Merger Related Costs
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3300000 USD
CY2013 us-gaap Payments Of Financing Costs
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CY2012 us-gaap Payments Of Financing Costs
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216460 USD
CY2011 us-gaap Payments Of Financing Costs
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CY2013 us-gaap Payments To Acquire Property Plant And Equipment
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84579 USD
CY2012 us-gaap Payments To Acquire Property Plant And Equipment
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CY2011 us-gaap Payments To Acquire Property Plant And Equipment
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71439 USD
CY2013Q4 us-gaap Prepaid Expense And Other Assets Current
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231491 USD
CY2012Q4 us-gaap Prepaid Expense And Other Assets Current
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CY2013 us-gaap Proceeds From Issuance Of Common Stock
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6018891 USD
CY2012 us-gaap Proceeds From Issuance Of Common Stock
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38984 USD
CY2011 us-gaap Proceeds From Issuance Of Common Stock
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5855689 USD
CY2011Q2 us-gaap Proceeds From Issuance Of Common Stock
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5100000 USD
us-gaap Proceeds From Issuance Of Common Stock
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5900000 USD
CY2011Q2 us-gaap Proceeds From Issuance Of Warrants
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700000 USD
CY2011Q2 us-gaap Proceeds From Issuance Or Sale Of Equity
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6500000 USD
CY2013 us-gaap Proceeds From Payments For Other Financing Activities
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CY2012 us-gaap Proceeds From Payments For Other Financing Activities
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-32960 USD
CY2011 us-gaap Proceeds From Payments For Other Financing Activities
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-74361 USD
CY2013 us-gaap Proceeds From Repayments Of Lines Of Credit
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-238767 USD
CY2012 us-gaap Proceeds From Repayments Of Lines Of Credit
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1330507 USD
CY2011 us-gaap Proceeds From Repayments Of Lines Of Credit
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CY2013 us-gaap Proceeds From Repayments Of Other Long Term Debt
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CY2012 us-gaap Proceeds From Repayments Of Other Long Term Debt
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2500000 USD
CY2011 us-gaap Proceeds From Repayments Of Other Long Term Debt
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CY2013 us-gaap Proceeds From Repayments Of Restricted Cash Financing Activities
ProceedsFromRepaymentsOfRestrictedCashFinancingActivities
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CY2012 us-gaap Proceeds From Repayments Of Restricted Cash Financing Activities
ProceedsFromRepaymentsOfRestrictedCashFinancingActivities
100000 USD
CY2011 us-gaap Proceeds From Repayments Of Restricted Cash Financing Activities
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CY2011 us-gaap Proceeds From Sale Of Property Plant And Equipment
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CY2013 us-gaap Proceeds From Stock Options Exercised
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74796 USD
CY2012 us-gaap Proceeds From Stock Options Exercised
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38984 USD
CY2011 us-gaap Proceeds From Stock Options Exercised
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118309 USD
CY2013Q4 us-gaap Property Plant And Equipment Gross
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2439585 USD
CY2012Q4 us-gaap Property Plant And Equipment Gross
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2389156 USD
CY2013Q4 us-gaap Property Plant And Equipment Net
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386068 USD
CY2012Q4 us-gaap Property Plant And Equipment Net
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483976 USD
CY2013Q4 us-gaap Receivables Net Current
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3600000 USD
CY2013 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
15290142 USD
CY2012 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
19509629 USD
CY2011 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
21219853 USD
CY2013 us-gaap Restricted Stock Value Shares Issued Net Of Tax Withholdings
RestrictedStockValueSharesIssuedNetOfTaxWithholdings
10599 USD
CY2012 us-gaap Restricted Stock Value Shares Issued Net Of Tax Withholdings
RestrictedStockValueSharesIssuedNetOfTaxWithholdings
57712 USD
CY2011 us-gaap Restricted Stock Value Shares Issued Net Of Tax Withholdings
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240111 USD
CY2013Q4 us-gaap Retained Earnings Accumulated Deficit
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-210327925 USD
CY2012Q4 us-gaap Retained Earnings Accumulated Deficit
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CY2013 us-gaap Share Based Compensation
ShareBasedCompensation
1362716 USD
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
9000 USD
CY2012 us-gaap Share Based Compensation
ShareBasedCompensation
1894099 USD
CY2011 us-gaap Share Based Compensation
ShareBasedCompensation
2565961 USD
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Payments
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendPayments
0 USD
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
pure
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
pure
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
pure
CY2013 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y7M6D
CY2012 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y10M24D
CY2011 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y10M24D
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
0.019 pure
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
0.0118 pure
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
0.0279 pure
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
0.0096 pure
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
0.0079 pure
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
0.0079 pure
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageVolatilityRate
0.86 pure
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageVolatilityRate
0.86 pure
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageVolatilityRate
0.83 pure
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
28000 USD
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
35000 USD
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
1.23
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
0.86
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
1.17
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
1600000 USD
CY2013 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
1400000 USD
CY2012 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
2100000 USD
CY2011 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
2300000 USD
CY2011Q2 us-gaap Share Price
SharePrice
3.5
CY2013Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
1091740 USD
CY2012Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
1330507 USD
CY2013Q4 us-gaap Stockholders Equity
StockholdersEquity
7335712 USD
CY2010Q4 us-gaap Stockholders Equity
StockholdersEquity
12210705 USD
CY2012Q4 us-gaap Stockholders Equity
StockholdersEquity
11673840 USD
CY2011Q4 us-gaap Stockholders Equity
StockholdersEquity
15851806 USD
CY2010Q4 us-gaap Stock Issued During Period Shares Conversion Of Convertible Securities
StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities
6700000 shares
CY2010Q4 us-gaap Stock Issued During Period Shares Conversion Of Convertible Securities
StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities
1900000 shares
CY2011Q2 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
1857143 shares
us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
3883173 shares
CY2010Q4 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
17000000 USD
CY2010Q4 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
4800000 USD
CY2013 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
5944095 USD
CY2011 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
5068728 USD
CY2013 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
74796 USD
CY2012 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
38984 USD
CY2011 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
118309 USD
CY2013Q4 us-gaap Unbilled Contracts Receivable
UnbilledContractsReceivable
2199525 USD
CY2012Q4 us-gaap Unbilled Contracts Receivable
UnbilledContractsReceivable
4114442 USD
CY2013 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-444622 USD
CY2012 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
591039 USD
CY2011 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
7144983 USD
CY2013 us-gaap Use Of Estimates
UseOfEstimates
<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div><!--StartFragment--> <p style="FONT: 10pt Times New Roman, Times, Serif; MARGIN: 0pt 0px; font-size-adjust: none; font-stretch: normal"> <strong><em>Use of Estimates</em></strong></p> <p style="FONT: 10pt Times New Roman, Times, Serif; MARGIN: 0pt 0px; TEXT-INDENT: 15pt; font-size-adjust: none; font-stretch: normal"> <strong><em>&nbsp;</em></strong></p> <p style="FONT: 10pt Times New Roman, Times, Serif; MARGIN: 0pt 0px; TEXT-INDENT: 15pt; font-size-adjust: none; font-stretch: normal"> The preparation of financial statements in conformity with generally accepted accounting principles in the United States ("U.S. GAAP") requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Our consolidated financial statements include significant estimates for the expected economic life and value of our tangible assets and value of our intangible asset, the amount of our net operating losses, our share-based compensation, and financial instruments, among other things. Because of the use of estimates inherent in the financial reporting process, actual results could differ significantly from those estimates.</p> <p style="FONT: 10pt Times New Roman, Times, Serif; MARGIN: 0pt 0px; font-size-adjust: none; font-stretch: normal"> &nbsp;&nbsp;</p> <!--EndFragment--></div> </div>
CY2013 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
50659116 shares
CY2012 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
48323067 shares
CY2011 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
47331763 shares

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