2019 Q3 Form 10-Q Financial Statement

#000156459019043442 Filed on November 14, 2019

View on sec.gov

Income Statement

Concept 2019 Q3 2018 Q3
Revenue $0.00 $33.00K
YoY Change -100.0%
Cost Of Revenue $0.00 $11.00K
YoY Change -100.0%
Gross Profit $1.000K $22.00K
YoY Change -95.45%
Gross Profit Margin 66.67%
Selling, General & Admin $1.202M $1.144M
YoY Change 5.07% -18.69%
% of Gross Profit 120200.0% 5200.0%
Research & Development $855.0K $1.103M
YoY Change -22.48% -33.91%
% of Gross Profit 85500.0% 5013.64%
Depreciation & Amortization $141.0K $75.00K
YoY Change 88.0% -59.68%
% of Gross Profit 14100.0% 340.91%
Operating Expenses $2.057M $2.247M
YoY Change -8.46% -26.95%
Operating Profit -$2.056M -$2.225M
YoY Change -7.6% -27.67%
Interest Expense -$10.00K -$10.00K
YoY Change 0.0% -114.29%
% of Operating Profit
Other Income/Expense, Net -$12.00K -$13.00K
YoY Change -7.69% -118.57%
Pretax Income -$2.068M -$2.238M
YoY Change -7.6% -25.55%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$2.068M -$2.238M
YoY Change -7.6% -25.55%
Net Earnings / Revenue -6781.82%
Basic Earnings Per Share
Diluted Earnings Per Share -$370.3K -$550.4K
COMMON SHARES
Basic Shares Outstanding 5.924M 4.095M
Diluted Shares Outstanding

Balance Sheet

Concept 2019 Q3 2018 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.600M $1.900M
YoY Change -15.79% -81.37%
Cash & Equivalents $1.579M $1.906M
Short-Term Investments $0.00
Other Short-Term Assets $300.0K $300.0K
YoY Change 0.0% 50.0%
Inventory $300.0K $0.00
Prepaid Expenses
Receivables $0.00 $29.00K
Other Receivables $600.0K $0.00
Total Short-Term Assets $2.900M $2.205M
YoY Change 31.52% -79.23%
LONG-TERM ASSETS
Property, Plant & Equipment $1.900M $664.0K
YoY Change 186.14% -77.87%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $0.00
YoY Change -100.0%
Other Assets $100.0K $81.00K
YoY Change 23.46% 0.0%
Total Long-Term Assets $2.200M $745.0K
YoY Change 195.3% -83.48%
TOTAL ASSETS
Total Short-Term Assets $2.900M $2.205M
Total Long-Term Assets $2.200M $745.0K
Total Assets $5.100M $2.950M
YoY Change 72.88% -80.5%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $100.0K $105.0K
YoY Change -4.76% -47.5%
Accrued Expenses $900.0K $800.0K
YoY Change 12.5% 109.42%
Deferred Revenue
YoY Change
Short-Term Debt $1.500M $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $2.500M $946.0K
YoY Change 164.27% -5.21%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $1.300M $177.0K
YoY Change 634.46% -26.86%
Total Long-Term Liabilities $1.300M $177.0K
YoY Change 634.46% -26.86%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.500M $946.0K
Total Long-Term Liabilities $1.300M $177.0K
Total Liabilities $3.800M $1.123M
YoY Change 238.38% -9.44%
SHAREHOLDERS EQUITY
Retained Earnings -$186.4M
YoY Change 7.18%
Common Stock $190.6M
YoY Change 0.07%
Preferred Stock
YoY Change
Treasury Stock (at cost) $4.129M
YoY Change 0.12%
Treasury Stock Shares $399.9K
Shareholders Equity $1.300M $1.827M
YoY Change
Total Liabilities & Shareholders Equity $5.100M $2.950M
YoY Change 72.88% -80.5%

Cashflow Statement

Concept 2019 Q3 2018 Q3
OPERATING ACTIVITIES
Net Income -$2.068M -$2.238M
YoY Change -7.6% -25.55%
Depreciation, Depletion And Amortization $141.0K $75.00K
YoY Change 88.0% -59.68%
Cash From Operating Activities -$1.830M -$2.247M
YoY Change -18.56% -35.21%
INVESTING ACTIVITIES
Capital Expenditures $0.00 $0.00
YoY Change -100.0%
Acquisitions
YoY Change
Other Investing Activities $0.00 $3.600M
YoY Change -100.0% 158.99%
Cash From Investing Activities $0.00 $3.595M
YoY Change -100.0% 160.13%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $321.0K $0.00
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.821M 6.000K
YoY Change 30250.0% -300.0%
NET CHANGE
Cash From Operating Activities -1.830M -2.247M
Cash From Investing Activities 0.000 3.595M
Cash From Financing Activities 1.821M 6.000K
Net Change In Cash -9.000K 1.354M
YoY Change -100.66% -164.82%
FREE CASH FLOW
Cash From Operating Activities -$1.830M -$2.247M
Capital Expenditures $0.00 $0.00
Free Cash Flow -$1.830M -$2.247M
YoY Change -18.56% -35.34%

Facts In Submission

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