2013 Q3 Form 10-Q Financial Statement

#000114420413046058 Filed on August 14, 2013

View on sec.gov

Income Statement

Concept 2013 Q3 2013 Q2 2012 Q3
Revenue $0.00 $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $450.0K $110.0K
YoY Change 275.0% 1000.0%
% of Gross Profit
Research & Development $43.75K $40.00K
YoY Change 133.33%
% of Gross Profit
Depreciation & Amortization $0.00 $0.00 $0.00
YoY Change
% of Gross Profit
Operating Expenses $960.0K $494.8K $150.0K
YoY Change 540.0% 260.35% 1400.0%
Operating Profit -$494.8K
YoY Change 260.35%
Interest Expense $19.60K -$40.00K
YoY Change -50.05%
% of Operating Profit
Other Income/Expense, Net $0.00 $0.00 $0.00
YoY Change
Pretax Income -$960.0K -$510.0K -$190.0K
YoY Change 405.26% 183.33% 1800.0%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$960.0K -$514.4K -$190.0K
YoY Change 405.26% 190.87% 1800.0%
Net Earnings / Revenue
Basic Earnings Per Share -$0.06
Diluted Earnings Per Share -$44.92K -$0.06 -$3.046K
COMMON SHARES
Basic Shares Outstanding 59.15M shares 8.549M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2013 Q3 2013 Q2 2012 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $560.0K $480.0K $20.00K
YoY Change 2700.0% 2300.0%
Cash & Equivalents $557.3K $476.4K $17.14K
Short-Term Investments
Other Short-Term Assets $20.00K $0.00 $0.00
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $1.577M $477.5K $20.45K
YoY Change 7612.37% 2287.45%
LONG-TERM ASSETS
Property, Plant & Equipment $322.00 $61.00 $908.00
YoY Change -64.54%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $10.06K $0.00
YoY Change
Total Long-Term Assets $10.38K $61.00 $908.00
YoY Change 1043.61%
TOTAL ASSETS
Total Short-Term Assets $1.577M $477.5K $20.45K
Total Long-Term Assets $10.38K $61.00 $908.00
Total Assets $1.587M $477.6K $21.36K
YoY Change 7333.07% 2287.76%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $314.8K $307.5K $258.4K
YoY Change 21.8%
Accrued Expenses $140.0K $0.00 $352.8K
YoY Change -60.31%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $280.0K
YoY Change -100.0%
Long-Term Debt Due $0.00 $0.00 $1.500M
YoY Change -100.0%
Total Short-Term Liabilities $455.6K $419.3K $2.552M
YoY Change -82.15%
LONG-TERM LIABILITIES
Long-Term Debt $940.0K $0.00 $240.0K
YoY Change 291.67%
Other Long-Term Liabilities $0.00 $0.00 $10.00K
YoY Change -100.0%
Total Long-Term Liabilities $944.7K $0.00 $241.4K
YoY Change 291.42%
TOTAL LIABILITIES
Total Short-Term Liabilities $455.6K $419.3K $2.552M
Total Long-Term Liabilities $944.7K $0.00 $241.4K
Total Liabilities $1.400M $419.3K $2.794M
YoY Change -49.88%
SHAREHOLDERS EQUITY
Retained Earnings -$4.632M
YoY Change
Common Stock $60.15K $58.65K $5.645K
YoY Change 965.46% 41.13%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $187.0K $58.28K -$2.772M
YoY Change
Total Liabilities & Shareholders Equity $1.587M $477.6K $21.36K
YoY Change 7333.07% 2287.76%

Cashflow Statement

Concept 2013 Q3 2013 Q2 2012 Q3
OPERATING ACTIVITIES
Net Income -$960.0K -$514.4K -$190.0K
YoY Change 405.26% 190.87% 1800.0%
Depreciation, Depletion And Amortization $0.00 $0.00 $0.00
YoY Change
Cash From Operating Activities -$660.0K -$500.0K -$100.0K
YoY Change 560.0% 257.14%
INVESTING ACTIVITIES
Capital Expenditures $0.00
YoY Change
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00 $0.00
YoY Change
Cash From Investing Activities $0.00 $0.00 $0.00
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 750.0K 970.0K 100.0K
YoY Change 650.0% 592.86% 400.0%
NET CHANGE
Cash From Operating Activities -660.0K -500.0K -100.0K
Cash From Investing Activities 0.000 0.000 0.000
Cash From Financing Activities 750.0K 970.0K 100.0K
Net Change In Cash 90.00K 470.0K -0.00000000002910
YoY Change -309237645312000600.0% -100.0%
FREE CASH FLOW
Cash From Operating Activities -$660.0K -$500.0K -$100.0K
Capital Expenditures $0.00
Free Cash Flow -$100.0K
YoY Change

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<div style="clear:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="clear:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> <div style="clear:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> <u><u>Use of Estimates</u></u></div> </div> <div style="clear:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> &#160;</div> <div style="clear:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> Management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the dates of the financial statements and the reported amounts of revenue and expenses during the reporting periods. Actual results could differ from those estimates.</div> <div style="clear:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt"> &#160;</div> <div style="clear:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> For a complete summary of our significant accounting policies, refer to Note 2 of our audited financial statements for the fiscal year ended September 30, 2012 <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">in the company&#8217;s Annual Report on Form 10-K filed with the SEC on December 31, 2012 and in the Company&#8217;s Current Report on Form 8-K filed with the SEC on June 26, 2013.</font> There have been no material changes to our significant accounting policies during the nine months ended June 30, 2013.</div> </div>
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Files In Submission

Name View Source Status
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0001144204-13-046058-index.html Edgar Link pending
0001144204-13-046058.txt Edgar Link pending
0001144204-13-046058-xbrl.zip Edgar Link pending
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