2013 Q3 Form 10-Q Financial Statement
#000114420413046058 Filed on August 14, 2013
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 |
Facts In Submission
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|
-16626 | USD | |
us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
476369 | USD | |
CY2011Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
36775 | USD |
CY2006Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
0 | USD |
us-gaap |
Interest Paid
InterestPaid
|
98288 | USD | |
us-gaap |
Interest Paid
InterestPaid
|
0 | USD | |
us-gaap |
Interest Paid
InterestPaid
|
98288 | USD | |
us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
0 | USD | |
us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
0 | USD | |
us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
0 | USD | |
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-2187 | USD | |
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-3955 | USD | |
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
1121 | USD | |
CY2012Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
20149 | USD |
arth |
Proceeds From Common Stock Issued In Merger
ProceedsFromCommonStockIssuedInMerger
|
1250000 | USD | |
arth |
Proceeds From Common Stock Issued In Merger
ProceedsFromCommonStockIssuedInMerger
|
0 | USD | |
arth |
Proceeds From Common Stock Issued In Merger
ProceedsFromCommonStockIssuedInMerger
|
1250000 | USD | |
arth |
Issuance Of Common Stock For Services
IssuanceOfCommonStockForServices
|
0 | USD | |
arth |
Issuance Of Common Stock For Services
IssuanceOfCommonStockForServices
|
0 | USD | |
arth |
Issuance Of Common Stock For Services
IssuanceOfCommonStockForServices
|
253 | USD | |
us-gaap |
Adjustments Noncash Items To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
|
0 | USD | |
us-gaap |
Adjustments Noncash Items To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
|
8342 | USD | |
us-gaap |
Proceeds From Notes Payable
ProceedsFromNotesPayable
|
0 | USD | |
us-gaap |
Proceeds From Notes Payable
ProceedsFromNotesPayable
|
0 | USD | |
us-gaap |
Proceeds From Notes Payable
ProceedsFromNotesPayable
|
275200 | USD | |
us-gaap |
Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
|
105000 | USD | |
us-gaap |
Use Of Estimates
UseOfEstimates
|
<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">  </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">  </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’s Annual Report on Form 10-K filed with the SEC on December 31, 2012 and in the Company’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> | ||
CY2013Q2 | us-gaap |
Stock Issued During Period Shares Acquisitions
StockIssuedDuringPeriodSharesAcquisitions
|
14645212 | shares |
CY2013Q1 | arth |
Related Parties Convertible Notes Value Expired
RelatedPartiesConvertibleNotesValueExpired
|
50000 | USD |
CY2013Q2 | arth |
Convertible Preferred Stock Value Upon Closing Of Preferred Equity Financing
ConvertiblePreferredStockValueUponClosingOfPreferredEquityFinancing
|
1000000 | USD |
arth |
Percentage Of Principle Balance Of Notes On Conversion Price Of Notes
PercentageOfPrincipleBalanceOfNotesOnConversionPriceOfNotes
|
0.2 | pure | |
CY2013Q1 | us-gaap |
Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
|
250000 | USD |
CY2013Q2 | us-gaap |
Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
|
1880000 | USD |
CY2013Q2 | us-gaap |
Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
|
2000000 | USD |
CY2013Q2 | arth |
Unit Issued Price Per Share
UnitIssuedPricePerShare
|
0.50 | |
CY2013Q2 | us-gaap |
Class Of Warrant Or Right Exercise Price Of Warrants Or Rights
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights
|
0.75 | |
arth |
Proceeds From Investors In Contemplation Of Merger
ProceedsFromInvestorsInContemplationOfMerger
|
1250000 | USD |