2014 Q4 Form 10-Q Financial Statement

#000114420414067525 Filed on November 13, 2014

View on sec.gov

Income Statement

Concept 2014 Q4 2014 Q3 2013 Q3
Revenue $0.00 $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $1.030M $860.0K $270.0K
YoY Change 87.27% 218.52% -38.64%
% of Gross Profit
Research & Development $1.640M $1.572M $804.0K
YoY Change 92.94% 95.52% 9.84%
% of Gross Profit
Depreciation & Amortization $30.00K $30.00K $30.00K
YoY Change 50.0% 0.0% -25.0%
% of Gross Profit
Operating Expenses $2.670M $2.428M $1.076M
YoY Change 90.71% 125.65% -8.19%
Operating Profit -$2.430M -$1.081M
YoY Change 124.79% -6.0%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net -$60.00K $10.00K -$10.00K
YoY Change -135.29% -200.0% -150.0%
Pretax Income -$2.730M -$2.420M -$1.080M
YoY Change 120.16% 124.07% -6.09%
Income Tax $0.00 $0.00 $1.000K
% Of Pretax Income
Net Earnings -$2.730M -$2.421M -$1.082M
YoY Change 123.77% 123.75% -5.91%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share -$178.7K -$159.6K -$98.63K
COMMON SHARES
Basic Shares Outstanding 15.28M shares 227.4M shares 152.7M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2014 Q4 2014 Q3 2013 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $8.540M $10.57M $5.120M
YoY Change 144.0% 106.45% 7.11%
Cash & Equivalents $4.251M $8.969M $329.0K
Short-Term Investments $4.290M $1.600M $4.790M
Other Short-Term Assets $30.00K $90.00K $60.00K
YoY Change 0.0% 50.0% 20.0%
Inventory
Prepaid Expenses $52.00K $88.00K $55.00K
Receivables $1.010M $450.0K $500.0K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $9.598M $11.11M $5.672M
YoY Change 115.88% 95.82% 7.22%
LONG-TERM ASSETS
Property, Plant & Equipment $313.0K $270.0K $267.0K
YoY Change 21.32% 1.12% -1.11%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $333.0K $20.00K $270.0K
YoY Change 1565.0% -92.59% 80.0%
Total Long-Term Assets $313.0K $293.0K $540.0K
YoY Change 11.79% -45.74% 25.58%
TOTAL ASSETS
Total Short-Term Assets $9.598M $11.11M $5.672M
Total Long-Term Assets $313.0K $293.0K $540.0K
Total Assets $9.911M $11.40M $6.212M
YoY Change 109.71% 83.52% 8.6%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.542M $1.300M $446.0K
YoY Change 576.32% 191.48% 134.74%
Accrued Expenses $1.347M $820.0K $710.0K
YoY Change 53.59% 15.49% -14.46%
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 $3.113M $2.400M $1.386M
YoY Change 133.71% 73.16% 26.0%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $120.0K $100.0K $290.0K
YoY Change -81.82% -65.52% 81.25%
Total Long-Term Liabilities $123.0K $104.0K $290.0K
YoY Change -81.22% -64.14% 81.25%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.113M $2.400M $1.386M
Total Long-Term Liabilities $123.0K $104.0K $290.0K
Total Liabilities $3.236M $2.499M $1.677M
YoY Change 62.86% 49.02% 33.1%
SHAREHOLDERS EQUITY
Retained Earnings -$61.65M -$58.92M
YoY Change 17.64%
Common Stock $68.33M $67.82M $55.73M
YoY Change 23.9% 21.71%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $6.675M $8.901M $4.535M
YoY Change
Total Liabilities & Shareholders Equity $9.911M $11.40M $6.212M
YoY Change 109.71% 83.52% 8.6%

Cashflow Statement

Concept 2014 Q4 2014 Q3 2013 Q3
OPERATING ACTIVITIES
Net Income -$2.730M -$2.421M -$1.082M
YoY Change 123.77% 123.75% -5.91%
Depreciation, Depletion And Amortization $30.00K $30.00K $30.00K
YoY Change 50.0% 0.0% -25.0%
Cash From Operating Activities -$2.010M -$1.119M -$713.0K
YoY Change 25.63% 56.94% -33.61%
INVESTING ACTIVITIES
Capital Expenditures -$70.00K $0.00 $31.00K
YoY Change 600.0% -100.0% 121.43%
Acquisitions
YoY Change
Other Investing Activities -$2.690M -$1.610M -$3.010M
YoY Change -156.16% -46.51%
Cash From Investing Activities -$2.760M -$1.606M -$3.039M
YoY Change -157.62% -47.15% 21607.14%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net -$104.0K $3.326M
YoY Change -103.13% -32.12%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 50.00K $366.0K $3.326M
YoY Change -89.0% -33.85%
NET CHANGE
Cash From Operating Activities -2.010M -$1.119M -$713.0K
Cash From Investing Activities -2.760M -$1.606M -$3.039M
Cash From Financing Activities 50.00K $366.0K $3.326M
Net Change In Cash -4.720M -$2.359M -$426.0K
YoY Change -247.96% 453.76% -110.81%
FREE CASH FLOW
Cash From Operating Activities -$2.010M -$1.119M -$713.0K
Capital Expenditures -$70.00K $0.00 $31.00K
Free Cash Flow -$1.940M -$1.119M -$744.0K
YoY Change 22.01% 50.4% -31.62%

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