2016 Q1 Form 10-Q Financial Statement

#000106594916000350 Filed on February 19, 2016

View on sec.gov

Income Statement

Concept 2016 Q1 2015 Q4 2015 Q2
Revenue
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $61.68K
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $61.68K
YoY Change -40.47%
Operating Profit
YoY Change
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$61.68K
YoY Change
Income Tax
% Of Pretax Income
Net Earnings -$111.0K
YoY Change -1.93%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share $0.00
COMMON SHARES
Basic Shares Outstanding 98.88M shares 98.88M shares 98.88M shares
Diluted Shares Outstanding 98.88M shares

Balance Sheet

Concept 2016 Q1 2015 Q4 2015 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $170.00
YoY Change
Cash & Equivalents $170.00 $195.00
Short-Term Investments
Other Short-Term Assets $3.140K
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $3.307K $3.522K
YoY Change -57.33% -98.66%
LONG-TERM ASSETS
Property, Plant & Equipment $0.00
YoY Change -100.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $0.00 $0.00
YoY Change -100.0%
TOTAL ASSETS
Total Short-Term Assets $3.307K $3.522K
Total Long-Term Assets $0.00 $0.00
Total Assets $3.307K $3.522K
YoY Change -92.34% -98.66%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $189.7K
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $2.267M $2.105M
YoY Change 14.41% 14.67%
LONG-TERM LIABILITIES
Long-Term Debt $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $2.267M $2.105M
Total Long-Term Liabilities $0.00
Total Liabilities $2.267M $2.105M
YoY Change 14.41% 14.67%
SHAREHOLDERS EQUITY
Retained Earnings -$3.258M -$3.096M
YoY Change 11.09% 20.58%
Common Stock $988.8K $988.8K
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$2.263M -$2.102M
YoY Change
Total Liabilities & Shareholders Equity $3.307K $3.522K
YoY Change -92.34% -98.66%

Cashflow Statement

Concept 2016 Q1 2015 Q4 2015 Q2
OPERATING ACTIVITIES
Net Income -$111.0K
YoY Change -1.93%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities -$39.80K
YoY Change
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $0.00
YoY Change
Cash From Investing Activities $0.00
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 39.81K
YoY Change
NET CHANGE
Cash From Operating Activities -39.80K
Cash From Investing Activities 0.000
Cash From Financing Activities 39.81K
Net Change In Cash 10.00
YoY Change
FREE CASH FLOW
Cash From Operating Activities -$39.80K
Capital Expenditures
Free Cash Flow
YoY Change

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dei Entity Registrant Name
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<div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"><p class="MsoNormal" style="text-align: justify; text-justify: inter-ideograph; font-family: 'times new roman';"><i>Use of Estimates</i></p> <p class="MsoNormal" style="text-align: justify; text-justify: inter-ideograph; font-family: 'times new roman';">The preparation of the financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods.&#160; Actual results could differ from those estimates.</p> <p class="MsoNormal" style="text-align: justify; text-justify: inter-ideograph; font-family: 'times new roman';">Judgments and estimates of uncertainties are required in applying the Company's accounting policies in certain areas. The following are some of the areas requiring significant judgments and estimates: a) Going concern; and b) Depreciable life for property, plant and equipment and intangible assets. The relevant amounts could be adjusted in the near term if experience differs from current estimates.</p></div>

Files In Submission

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