2016 Q4 Form 10-Q Financial Statement

#000156459018001768 Filed on February 09, 2018

View on sec.gov

Income Statement

Concept 2016 Q4
Revenue $4.365M
YoY Change 9878.28%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $8.550M
YoY Change 3.64%
% of Gross Profit
Research & Development $9.527M
YoY Change -7.85%
% of Gross Profit
Depreciation & Amortization $1.200M
YoY Change 50.0%
% of Gross Profit
Operating Expenses $19.27M
YoY Change -0.61%
Operating Profit -$14.90M
YoY Change -22.95%
Interest Expense $25.15K
YoY Change -74.95%
% of Operating Profit
Other Income/Expense, Net $2.816M
YoY Change 3563.71%
Pretax Income -$12.09M
YoY Change -37.26%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$12.09M
YoY Change -37.26%
Net Earnings / Revenue -276.86%
Basic Earnings Per Share
Diluted Earnings Per Share -$169.2K
COMMON SHARES
Basic Shares Outstanding 74.17M
Diluted Shares Outstanding

Balance Sheet

Concept 2016 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $102.1M
YoY Change 33.29%
Cash & Equivalents $102.1M
Short-Term Investments
Other Short-Term Assets $3.495M
YoY Change -38.68%
Inventory
Prepaid Expenses $569.4K
Receivables $100.0K
Other Receivables $0.00
Total Short-Term Assets $106.2M
YoY Change 29.04%
LONG-TERM ASSETS
Property, Plant & Equipment $16.20M
YoY Change 244.68%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $122.3K
YoY Change
Total Long-Term Assets $38.06M
YoY Change 30.78%
TOTAL ASSETS
Total Short-Term Assets $106.2M
Total Long-Term Assets $38.06M
Total Assets $144.3M
YoY Change 29.5%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.698M
YoY Change -30.22%
Accrued Expenses $4.762M
YoY Change -10.15%
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due $200.0K
YoY Change 0.0%
Total Short-Term Liabilities $37.00M
YoY Change 200.13%
LONG-TERM LIABILITIES
Long-Term Debt $2.500M
YoY Change 400.0%
Other Long-Term Liabilities $7.600M
YoY Change 2159.03%
Total Long-Term Liabilities $10.10M
YoY Change 51.09%
TOTAL LIABILITIES
Total Short-Term Liabilities $37.00M
Total Long-Term Liabilities $10.10M
Total Liabilities $46.50M
YoY Change 144.57%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $97.80M
YoY Change
Total Liabilities & Shareholders Equity $144.3M
YoY Change 29.56%

Cashflow Statement

Concept 2016 Q4
OPERATING ACTIVITIES
Net Income -$12.09M
YoY Change -37.26%
Depreciation, Depletion And Amortization $1.200M
YoY Change 50.0%
Cash From Operating Activities $10.00M
YoY Change -147.39%
INVESTING ACTIVITIES
Capital Expenditures $5.297M
YoY Change 1202.63%
Acquisitions
YoY Change
Other Investing Activities $0.00
YoY Change -100.0%
Cash From Investing Activities -$5.300M
YoY Change -303.85%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $12.50M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 12.00M
YoY Change -2500.0%
NET CHANGE
Cash From Operating Activities 10.00M
Cash From Investing Activities -5.300M
Cash From Financing Activities 12.00M
Net Change In Cash 16.70M
YoY Change -187.89%
FREE CASH FLOW
Cash From Operating Activities $10.00M
Capital Expenditures $5.297M
Free Cash Flow $4.703M
YoY Change -121.87%

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<div> <p style="margin-bottom:0pt;margin-top:12pt;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;text-indent:4.54%;">Concentration of Credit Risk&#8212;The Company maintains several bank accounts at two financial institutions for its operations. These accounts are insured by the Federal Deposit Insurance Corporation (FDIC) for up to $250,000 per institution. Management believes the Company is not exposed to significant credit risk due to the financial position of the depository institutions in which these deposits are held. </p></div>
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At vesting, each outstanding RSU will be exchanged for one share of the Company’s Common Stock. RSU recipients may elect to net share settle upon vesting, in which case the Company pays the employee’s income taxes due upon vesting and withholds a number of shares of Common Stock of equal value. RSU awards generally vest subject to the satisfaction of service requirements or the satisfaction of both service requirements and achievement of certain performance targets.

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