2017 Q4 Form 10-Q Financial Statement

#000119312517338977 Filed on November 09, 2017

View on sec.gov

Income Statement

Concept 2017 Q4 2017 Q3 2016 Q3
Revenue $2.810M $4.592M $901.0K
YoY Change 160.19% 409.63% -22.32%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $1.590M $3.040M $3.290M
YoY Change -11.67% -7.6% 167.48%
% of Gross Profit
Research & Development $4.460M $5.906M $2.401M
YoY Change 87.39% 145.97% 113.25%
% of Gross Profit
Depreciation & Amortization $40.00K $30.00K $32.24K
YoY Change 100.0% -6.93% -7.91%
% of Gross Profit
Operating Expenses $6.050M $35.54M $5.691M
YoY Change 44.74% 524.62% 102.2%
Operating Profit -$30.95M -$4.790M
YoY Change 546.25% 188.78%
Interest Expense $630.0K $2.344K $9.408K
YoY Change -6400.0% -75.09% -4.85%
% of Operating Profit
Other Income/Expense, Net $0.00 -$485.7K -$5.537K
YoY Change -100.0% 8671.16% -101.59%
Pretax Income -$11.94M -$31.44M -$4.795M
YoY Change 290.2% 555.63% 266.22%
Income Tax -$4.240M -$1.533M $15.44K
% Of Pretax Income
Net Earnings -$8.830M -$29.91M -$4.795M
YoY Change -111.35% 523.67% 261.95%
Net Earnings / Revenue -314.23% -651.25% -532.17%
Basic Earnings Per Share $1.68
Diluted Earnings Per Share -$16.05M -$57.52M $1.67
COMMON SHARES
Basic Shares Outstanding 15.65M shares 15.42M shares 65.00M shares
Diluted Shares Outstanding 65.81M shares

Balance Sheet

Concept 2017 Q4 2017 Q3 2016 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $8.800M $17.10M $135.9M
YoY Change 203.45% -87.42% 681.03%
Cash & Equivalents $8.769M $17.12M $69.11M
Short-Term Investments $66.80M
Other Short-Term Assets $4.500M $1.000M $500.0K
YoY Change 1025.0% 100.0% 150.0%
Inventory
Prepaid Expenses
Receivables $3.800M $2.900M $1.600M
Other Receivables $6.400M $5.100M $0.00
Total Short-Term Assets $23.47M $26.12M $138.0M
YoY Change 422.96% -81.08% 656.55%
LONG-TERM ASSETS
Property, Plant & Equipment $603.1K $280.1K $153.8K
YoY Change 239.11% 82.09% -38.04%
Goodwill $9.335M $2.348M
YoY Change 297.49% 0.0%
Intangibles $38.72M $38.59M
YoY Change 158.93%
Long-Term Investments
YoY Change
Other Assets $238.9K $22.25K $0.00
YoY Change 973.88% -100.0%
Total Long-Term Assets $39.56M $48.22M $2.502M
YoY Change 16.66% 1827.19% -5.58%
TOTAL ASSETS
Total Short-Term Assets $23.47M $26.12M $138.0M
Total Long-Term Assets $39.56M $48.22M $2.502M
Total Assets $63.03M $74.35M $140.5M
YoY Change 64.14% -47.1% 572.57%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $129.1K $495.1K $614.5K
YoY Change -93.56% -19.44% 100.72%
Accrued Expenses $3.661M $3.600M $2.000M
YoY Change 23.15% 80.0% -4.76%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $3.840M $4.180M $3.728M
YoY Change -29.81% 12.12% 56.61%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $600.0K $0.00
YoY Change
Other Long-Term Liabilities $160.0K $4.200M $427.1K
YoY Change -63.85% 883.43% -0.91%
Total Long-Term Liabilities $160.0K $4.800M $427.1K
YoY Change -63.85% 1023.92% -0.91%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.840M $4.180M $3.728M
Total Long-Term Liabilities $160.0K $4.800M $427.1K
Total Liabilities $14.35M $17.28M $4.156M
YoY Change 131.75% 315.77% 28.91%
SHAREHOLDERS EQUITY
Retained Earnings -$77.68M -$68.85M -$107.7M
YoY Change 148.52% -36.05% -51.61%
Common Stock $61.00 $1.563K $6.642K
YoY Change -91.18% -76.47% -100.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $39.40M $48.83M $136.4M
YoY Change
Total Liabilities & Shareholders Equity $63.03M $74.35M $140.5M
YoY Change 64.14% -47.1% 572.57%

Cashflow Statement

Concept 2017 Q4 2017 Q3 2016 Q3
OPERATING ACTIVITIES
Net Income -$8.830M -$29.91M -$4.795M
YoY Change -111.35% 523.67% 261.95%
Depreciation, Depletion And Amortization $40.00K $30.00K $32.24K
YoY Change 100.0% -6.93% -7.91%
Cash From Operating Activities -$4.800M -$4.260M -$12.04M
YoY Change 222.15% -64.62% 805.26%
INVESTING ACTIVITIES
Capital Expenditures -$30.00K -$30.00K -$150.0K
YoY Change -25.0% -80.0% 1400.0%
Acquisitions
YoY Change
Other Investing Activities $0.00 $10.00K $0.00
YoY Change
Cash From Investing Activities -$20.00K -$20.00K -$150.0K
YoY Change -50.0% -86.67% 1400.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 0.000 12.99M 5.230M
YoY Change -100.0% 148.37% 1587.1%
NET CHANGE
Cash From Operating Activities -4.800M -4.260M -12.04M
Cash From Investing Activities -20.00K -20.00K -150.0K
Cash From Financing Activities 0.000 12.99M 5.230M
Net Change In Cash -4.820M 8.710M -6.960M
YoY Change 117.12% -225.14% 575.73%
FREE CASH FLOW
Cash From Operating Activities -$4.800M -$4.260M -$12.04M
Capital Expenditures -$30.00K -$30.00K -$150.0K
Free Cash Flow -$4.770M -$4.230M -$11.89M
YoY Change 228.97% -64.42% 800.76%

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