2015 Q3 Form 10-Q Financial Statement

#000114420415048978 Filed on August 13, 2015

View on sec.gov

Income Statement

Concept 2015 Q3 2015 Q2 2014 Q2
Revenue $0.00 $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $2.490M $2.490M $1.410M
YoY Change -66.26% 76.6% 8.46%
% of Gross Profit
Research & Development $4.630M $4.668M $1.096M
YoY Change 26.09% 326.03% -68.77%
% of Gross Profit
Depreciation & Amortization $18.00K $16.00K $1.026K
YoY Change 1023.6% 1459.45%
% of Gross Profit
Operating Expenses $4.630M $4.668M $1.096M
YoY Change 26.09% 326.03% -68.77%
Operating Profit -$7.122M -$7.154M -$2.506M
YoY Change -35.58% 185.45% -47.88%
Interest Expense $500.0K $210.0K $40.00K
YoY Change 1150.0% 425.0% -33.33%
% of Operating Profit
Other Income/Expense, Net $504.3K $211.2K
YoY Change 1333.38%
Pretax Income -$6.620M -$6.940M -$2.470M
YoY Change -39.93% 180.97% -48.0%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$6.618M -$6.943M -$2.469M
YoY Change -39.95% 181.16% -48.04%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share -$384.7K -$405.4K -$525.5K
COMMON SHARES
Basic Shares Outstanding 17.19M shares 17.18M shares 23.40M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2015 Q3 2015 Q2 2014 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $65.80M $70.70M $21.30M
YoY Change 267.6% 231.92% -36.42%
Cash & Equivalents $36.40M $53.52M $21.32M
Short-Term Investments $29.40M $17.20M
Other Short-Term Assets $705.3K $605.2K $171.6K
YoY Change 379.21% 252.75% -3.36%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $66.50M $71.33M $21.75M
YoY Change 267.83% 228.0% -35.4%
LONG-TERM ASSETS
Property, Plant & Equipment $156.5K $174.0K $7.399K
YoY Change 359.11% 2252.14% -20.69%
Goodwill $12.64M
YoY Change 0.0%
Intangibles $29.00M
YoY Change -3.77%
Long-Term Investments $31.40M $31.60M
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $73.15M $73.37M $7.399K
YoY Change 72.88% 991579.58% -20.69%
TOTAL ASSETS
Total Short-Term Assets $66.50M $71.33M $21.75M
Total Long-Term Assets $73.15M $73.37M $7.399K
Total Assets $139.7M $144.7M $21.76M
YoY Change 131.24% 565.16% -35.4%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.500M $1.300M $1.421M
YoY Change 50.0% -8.54% -33.32%
Accrued Expenses $1.187M $935.7K $48.44K
YoY Change 1831.8% -89.32%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $2.652M $2.240M $1.500M
YoY Change 152.77% 49.33% -42.31%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $11.60M $11.60M $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $2.652M $2.240M $1.500M
Total Long-Term Liabilities $11.60M $11.60M $0.00
Total Liabilities $14.25M $13.84M $1.470M
YoY Change 8.03% 841.63% -43.15%
SHAREHOLDERS EQUITY
Retained Earnings -$156.2M -$149.6M
YoY Change 20.83%
Common Stock $17.23K $17.19K $4.679K
YoY Change 267.39% -76.13%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $125.4M $130.9M $20.29M
YoY Change
Total Liabilities & Shareholders Equity $139.7M $144.7M $21.76M
YoY Change 131.24% 565.13% -35.4%

Cashflow Statement

Concept 2015 Q3 2015 Q2 2014 Q2
OPERATING ACTIVITIES
Net Income -$6.618M -$6.943M -$2.469M
YoY Change -39.95% 181.16% -48.04%
Depreciation, Depletion And Amortization $18.00K $16.00K $1.026K
YoY Change 1023.6% 1459.45%
Cash From Operating Activities -$5.180M -$4.390M -$2.320M
YoY Change 33.85% 89.22% -31.36%
INVESTING ACTIVITIES
Capital Expenditures $0.00 -$20.00K $0.00
YoY Change -100.0% -100.0%
Acquisitions
YoY Change
Other Investing Activities -$12.19M -$48.78M
YoY Change -2490.2%
Cash From Investing Activities -$12.19M -$48.80M $0.00
YoY Change -2587.76% -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 260.0K 10.64M 0.000
YoY Change
NET CHANGE
Cash From Operating Activities -5.180M -4.390M -2.320M
Cash From Investing Activities -12.19M -48.80M 0.000
Cash From Financing Activities 260.0K 10.64M 0.000
Net Change In Cash -17.11M -42.55M -2.320M
YoY Change 406.21% 1734.05% -31.56%
FREE CASH FLOW
Cash From Operating Activities -$5.180M -$4.390M -$2.320M
Capital Expenditures $0.00 -$20.00K $0.00
Free Cash Flow -$5.180M -$4.370M -$2.320M
YoY Change 34.55% 88.36% -31.16%

Facts In Submission

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CY2015Q2 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2014Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
asmb Stock Issued During Period Value Common Stock Issued
StockIssuedDuringPeriodValueCommonStockIssued
81014989 USD
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
296825 USD
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
5206024 USD
us-gaap Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
-134219 USD
CY2015Q2 us-gaap Marketable Securities Current
MarketableSecuritiesCurrent
17209448 USD
CY2014Q4 us-gaap Marketable Securities Current
MarketableSecuritiesCurrent
0 USD
CY2015Q2 us-gaap Marketable Securities Noncurrent
MarketableSecuritiesNoncurrent
31437117 USD
CY2014Q4 us-gaap Marketable Securities Noncurrent
MarketableSecuritiesNoncurrent
0 USD
CY2015Q2 us-gaap Assets Noncurrent
AssetsNoncurrent
73374372 USD
CY2014Q4 us-gaap Assets Noncurrent
AssetsNoncurrent
42008796 USD
CY2015Q2 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
11600000 USD
CY2014Q4 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
11600000 USD
CY2015Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-134219 USD
CY2014Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
0 USD
CY2015Q2 us-gaap Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
-134219 USD
CY2014Q2 us-gaap Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
0 USD
us-gaap Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
0 USD
CY2015Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-7076890 USD
CY2014Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-2469273 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-14221843 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-6539190 USD
us-gaap Increase Decrease In Security Deposits
IncreaseDecreaseInSecurityDeposits
-10079 USD
us-gaap Increase Decrease In Security Deposits
IncreaseDecreaseInSecurityDeposits
0 USD
us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
48780784 USD
us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
0 USD
us-gaap Available For Sale Securities Change In Net Unrealized Holding Gain Loss Net Of Tax
AvailableForSaleSecuritiesChangeInNetUnrealizedHoldingGainLossNetOfTax
-134219 USD
us-gaap Available For Sale Securities Change In Net Unrealized Holding Gain Loss Net Of Tax
AvailableForSaleSecuritiesChangeInNetUnrealizedHoldingGainLossNetOfTax
0 USD
asmb Cashless Exercise Of Warrants
CashlessExerciseOfWarrants
88 USD
asmb Adjustments To Additional Paid In Capital Cashless Exercise Of Warrants
AdjustmentsToAdditionalPaidInCapitalCashlessExerciseOfWarrants
0 USD
CY2015Q2 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
88293 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
93720 shares
asmb Cashless Exercise Of Warrants
CashlessExerciseOfWarrants
0 USD
CY2015Q2 us-gaap Available For Sale Securities Accumulated Gross Unrealized Gain Loss Before Tax
AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainLossBeforeTax
-134219 USD
CY2015Q2 us-gaap Available For Sale Securities
AvailableForSaleSecurities
48646565 USD
CY2015Q2 us-gaap Available For Sale Securities Amortized Cost
AvailableForSaleSecuritiesAmortizedCost
48780784 USD
us-gaap Goodwill Period Increase Decrease
GoodwillPeriodIncreaseDecrease
99000 USD
us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
81014989 USD
us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
1763104 USD
asmb Accrued Offering Cost Related To Issuance Of Common Stock
AccruedOfferingCostRelatedToIssuanceOfCommonStock
296825 USD
asmb Accrued Offering Cost Related To Issuance Of Common Stock
AccruedOfferingCostRelatedToIssuanceOfCommonStock
0 USD

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