2014 Q2 Form 10-Q Financial Statement
#000110465914057654 Filed on August 06, 2014
Income Statement
| Concept | 2014 Q2 | 2013 Q2 |
|---|---|---|
| Revenue | $0.00 | $4.467M |
| YoY Change | -100.0% | -9.54% |
| Cost Of Revenue | $0.00 | $8.150M |
| YoY Change | -100.0% | 23.48% |
| Gross Profit | $0.00 | -$3.680M |
| YoY Change | -100.0% | 121.02% |
| Gross Profit Margin | -82.38% | |
| Selling, General & Admin | $1.410M | $2.190M |
| YoY Change | -35.62% | 3.3% |
| % of Gross Profit | ||
| Research & Development | $3.280M | $4.910M |
| YoY Change | -33.2% | -4.29% |
| % of Gross Profit | ||
| Depreciation & Amortization | $770.0K | $2.529M |
| YoY Change | -69.55% | 26.64% |
| % of Gross Profit | ||
| Operating Expenses | $5.510M | $9.050M |
| YoY Change | -39.12% | -3.21% |
| Operating Profit | -$5.510M | -$261.9M |
| YoY Change | -97.9% | 2278.14% |
| Interest Expense | $470.0K | -$890.0K |
| YoY Change | -152.81% | -623.53% |
| % of Operating Profit | ||
| Other Income/Expense, Net | -$894.0K | |
| YoY Change | -140.92% | |
| Pretax Income | -$5.040M | -$262.8M |
| YoY Change | -98.08% | 2876.8% |
| Income Tax | $0.00 | -$45.02M |
| % Of Pretax Income | ||
| Net Earnings | -$5.040M | -$217.8M |
| YoY Change | -97.69% | 2750.92% |
| Net Earnings / Revenue | -4875.98% | |
| Basic Earnings Per Share | ||
| Diluted Earnings Per Share | -$2.94 | -$127.40 |
| COMMON SHARES | ||
| Basic Shares Outstanding | 42.92M | 42.82M |
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2014 Q2 | 2013 Q2 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $10.40M | $30.00M |
| YoY Change | -65.33% | 29.87% |
| Cash & Equivalents | $10.40M | $29.99M |
| Short-Term Investments | ||
| Other Short-Term Assets | $900.0K | $900.0K |
| YoY Change | 0.0% | -55.0% |
| Inventory | $400.0K | $1.249M |
| Prepaid Expenses | ||
| Receivables | $0.00 | $1.312M |
| Other Receivables | $1.900M | $2.800M |
| Total Short-Term Assets | $13.50M | $36.17M |
| YoY Change | -62.68% | 0.04% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $28.60M | $40.14M |
| YoY Change | -28.75% | -85.8% |
| Goodwill | $487.0K | |
| YoY Change | -99.31% | |
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | $2.000M | $2.200M |
| YoY Change | -9.09% | 4.76% |
| Total Long-Term Assets | $30.60M | $40.73M |
| YoY Change | -24.87% | -88.46% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $13.50M | $36.17M |
| Total Long-Term Assets | $30.60M | $40.73M |
| Total Assets | $44.10M | $76.90M |
| YoY Change | -42.65% | -80.24% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $700.0K | $2.100M |
| YoY Change | -66.67% | -43.24% |
| Accrued Expenses | $1.000M | $3.400M |
| YoY Change | -70.59% | 21.43% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | ||
| YoY Change | ||
| Total Short-Term Liabilities | $5.200M | $11.98M |
| YoY Change | -56.59% | -13.28% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Other Long-Term Liabilities | $2.700M | $105.0K |
| YoY Change | 2471.43% | -56.25% |
| Total Long-Term Liabilities | $2.700M | $105.0K |
| YoY Change | 2471.43% | -56.25% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $5.200M | $11.98M |
| Total Long-Term Liabilities | $2.700M | $105.0K |
| Total Liabilities | $7.900M | $14.62M |
| YoY Change | -45.96% | -78.72% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | -$432.3M | |
| YoY Change | 222.64% | |
| Common Stock | $494.6M | |
| YoY Change | 8.79% | |
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | $36.20M | $62.28M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $44.10M | $76.90M |
| YoY Change | -42.65% | -80.24% |
Cashflow Statement
| Concept | 2014 Q2 | 2013 Q2 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$5.040M | -$217.8M |
| YoY Change | -97.69% | 2750.92% |
| Depreciation, Depletion And Amortization | $770.0K | $2.529M |
| YoY Change | -69.55% | 26.64% |
| Cash From Operating Activities | -$4.620M | -$5.490M |
| YoY Change | -15.85% | -40.9% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | $0.00 | -$790.0K |
| YoY Change | -100.0% | -66.24% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | $0.00 | $50.00K |
| YoY Change | -100.0% | -97.96% |
| Cash From Investing Activities | $0.00 | -$740.0K |
| YoY Change | -100.0% | -772.73% |
| 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 |
| YoY Change | ||
| NET CHANGE | ||
| Cash From Operating Activities | -4.620M | -5.490M |
| Cash From Investing Activities | 0.000 | -740.0K |
| Cash From Financing Activities | 0.000 | 0.000 |
| Net Change In Cash | -4.620M | -6.230M |
| YoY Change | -25.84% | -32.14% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | -$4.620M | -$5.490M |
| Capital Expenditures | $0.00 | -$790.0K |
| Free Cash Flow | -$4.620M | -$4.700M |
| YoY Change | -1.7% | -32.37% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2014Q2 | us-gaap |
Value Added Tax Receivable Current
ValueAddedTaxReceivableCurrent
|
1775000 | |
| CY2013Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
42821914 | |
| CY2014Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
42918426 | |
| us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
42812918 | ||
| us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
42906090 |
