2014 Q1 Form 10-Q Financial Statement

#000110465914033534 Filed on May 01, 2014

View on sec.gov

Income Statement

Concept 2014 Q1 2013 Q4 2013 Q1
Revenue $0.00 -$120.0K $5.830M
YoY Change -100.0% -101.56% -8.66%
Cost Of Revenue $0.00 $8.870M
YoY Change -100.0% 11.85%
Gross Profit -$120.0K -$3.040M
YoY Change -95.32% 96.89%
Gross Profit Margin -52.14%
Selling, General & Admin $1.990M $1.270M $2.320M
YoY Change -14.22% -58.09% 2.65%
% of Gross Profit
Research & Development $3.180M $3.130M $4.770M
YoY Change -33.33% -34.11% -33.66%
% of Gross Profit
Depreciation & Amortization $846.0K $750.0K $2.568M
YoY Change -67.06% -77.88% 39.11%
% of Gross Profit
Operating Expenses $6.060M $11.92M $6.510M
YoY Change -6.91% 29.28% -41.46%
Operating Profit -$6.061M -$12.04M -$9.545M
YoY Change -36.5% 2.17% -24.66%
Interest Expense $400.0K -$150.0K $810.0K
YoY Change -50.62% -54.55% 28.57%
% of Operating Profit
Other Income/Expense, Net $403.0K $807.0K
YoY Change -50.06% 5.22%
Pretax Income -$5.658M -$12.19M -$8.738M
YoY Change -35.25% -8.89% -26.58%
Income Tax $0.00 -$2.090M -$2.478M
% Of Pretax Income
Net Earnings -$5.660M -$10.10M -$6.260M
YoY Change -9.58% -7.68% -38.2%
Net Earnings / Revenue -107.38%
Basic Earnings Per Share -$0.13 -$0.15
Diluted Earnings Per Share -$3.30 -$5.77 -$3.66
COMMON SHARES
Basic Shares Outstanding 42.89M shares 43.22M shares 42.80M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2014 Q1 2013 Q4 2013 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $15.00M $19.10M $36.20M
YoY Change -58.56% -57.17% 12.07%
Cash & Equivalents $15.02M $19.15M $36.21M
Short-Term Investments $0.00 $0.00
Other Short-Term Assets $900.0K $1.000M $900.0K
YoY Change 0.0% -9.09% -52.63%
Inventory $385.0K $449.0K $3.628M
Prepaid Expenses
Receivables $0.00 $25.00K $919.0K
Other Receivables $1.900M $1.900M $4.800M
Total Short-Term Assets $18.21M $22.48M $46.44M
YoY Change -60.8% -58.98% 4.6%
LONG-TERM ASSETS
Property, Plant & Equipment $31.45M $32.38M $279.4M
YoY Change -88.75% -88.47% -0.77%
Goodwill $11.67M
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $2.000M $2.100M $2.200M
YoY Change -9.09% -19.23% -42.11%
Total Long-Term Assets $31.45M $32.41M $291.2M
YoY Change -89.2% -88.95% -18.09%
TOTAL ASSETS
Total Short-Term Assets $18.21M $22.48M $46.44M
Total Long-Term Assets $31.45M $32.41M $291.2M
Total Assets $49.65M $54.88M $337.7M
YoY Change -85.3% -84.23% -15.58%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.100M $700.0K $2.300M
YoY Change -52.17% -82.93% -42.5%
Accrued Expenses $900.0K $600.0K $2.200M
YoY Change -59.09% -71.43% -29.03%
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 $5.971M $5.770M $11.60M
YoY Change -48.54% -56.64% -22.65%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $74.00K $53.00K $168.0K
YoY Change -55.95% -72.54% -95.9%
Total Long-Term Liabilities $74.00K $53.00K $168.0K
YoY Change -55.95% -72.54% -95.9%
TOTAL LIABILITIES
Total Short-Term Liabilities $5.971M $5.770M $11.60M
Total Long-Term Liabilities $74.00K $53.00K $168.0K
Total Liabilities $8.586M $8.425M $58.14M
YoY Change -85.23% -86.59% -19.37%
SHAREHOLDERS EQUITY
Retained Earnings -$454.3M -$448.6M -$214.5M
YoY Change 111.78% 115.43%
Common Stock $495.3M $495.1M $494.0M
YoY Change 0.27% 0.3%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $41.06M $46.46M $279.5M
YoY Change
Total Liabilities & Shareholders Equity $49.65M $54.88M $337.7M
YoY Change -85.3% -84.23% -15.59%

Cashflow Statement

Concept 2014 Q1 2013 Q4 2013 Q1
OPERATING ACTIVITIES
Net Income -$5.660M -$10.10M -$6.260M
YoY Change -9.58% -7.68% -38.2%
Depreciation, Depletion And Amortization $846.0K $750.0K $2.568M
YoY Change -67.06% -77.88% 39.11%
Cash From Operating Activities -$4.120M -$4.440M -$11.30M
YoY Change -63.54% -51.95% -17.09%
INVESTING ACTIVITIES
Capital Expenditures -$10.00K -$330.0K -$880.0K
YoY Change -98.86% -86.8% -68.79%
Acquisitions
YoY Change
Other Investing Activities $0.00 $100.0K $3.990M
YoY Change -100.0% -96.11% 9875.0%
Cash From Investing Activities -$10.00K -$230.0K $3.110M
YoY Change -100.32% -428.57% -211.87%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 0.000 0.000 0.000
YoY Change -100.0%
NET CHANGE
Cash From Operating Activities -4.120M -4.440M -11.30M
Cash From Investing Activities -10.00K -230.0K 3.110M
Cash From Financing Activities 0.000 0.000 0.000
Net Change In Cash -4.130M -4.670M -8.190M
YoY Change -49.57% -48.96% -50.09%
FREE CASH FLOW
Cash From Operating Activities -$4.120M -$4.440M -$11.30M
Capital Expenditures -$10.00K -$330.0K -$880.0K
Free Cash Flow -$4.110M -$4.110M -$10.42M
YoY Change -60.56% -39.02% -3.61%

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1474000 USD
CY2013Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
46456000 USD
CY2014Q1 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
330000 USD
CY2014Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
41064000 USD
CY2013Q1 us-gaap Severance Costs1
SeveranceCosts1
600000 USD
CY2014Q1 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
0 USD
CY2013Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
0 USD
CY2013Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
0 USD
CY2014Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 USD
CY2013Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
0 USD
CY2014Q1 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
0 USD
CY2013Q4 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
0 USD
CY2014Q1 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
0 USD
CY2013Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
-90000 USD
CY2013Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 USD
CY2014Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 USD
CY2013Q1 aumn Mineral Sales Number Of Customers
MineralSalesNumberOfCustomers
5 item
CY2013Q1 aumn Number Of Dore Customers With Whom Entity Entered Into Agreement For Passing Title To Purchasers After Receipt Of Product By Refinery
NumberOfDoreCustomersWithWhomEntityEnteredIntoAgreementForPassingTitleToPurchasersAfterReceiptOfProductByRefinery
1 item
CY2014Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Other Longterm Incentive Plans Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationOtherLongtermIncentivePlansRequisiteServicePeriodRecognition
-64000 USD

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