2015 Q2 Form 10-Q Financial Statement

#000114420415030742 Filed on May 14, 2015

View on sec.gov

Income Statement

Concept 2015 Q2 2015 Q1 2014 Q4
Revenue $0.00 $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $990.0K $960.0K $1.030M
YoY Change 135.71% 174.29% 87.27%
% of Gross Profit
Research & Development $1.375M $1.245M $1.640M
YoY Change 56.78% 83.09% 92.94%
% of Gross Profit
Depreciation & Amortization $30.00K $20.00K $30.00K
YoY Change 50.0% -33.33% 50.0%
% of Gross Profit
Operating Expenses $1.375M $2.205M $2.670M
YoY Change 6.26% 113.87% 90.71%
Operating Profit -$2.363M -$2.205M
YoY Change 82.61% 4.45%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net $100.0K -$30.00K -$60.00K
YoY Change -114.49% -97.22% -135.29%
Pretax Income -$2.270M -$2.240M -$2.730M
YoY Change 14.65% 6.16% 120.16%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$2.265M -$2.236M -$2.730M
YoY Change 14.16% 5.92% 123.77%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share -$123.0K -$123.6K -$178.7K
COMMON SHARES
Basic Shares Outstanding 18.48M shares 18.39M shares 15.28M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2015 Q2 2015 Q1 2014 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $19.70M $21.35M $8.540M
YoY Change 73.87% 604.62% 144.0%
Cash & Equivalents $1.301M $3.494M $4.251M
Short-Term Investments $18.39M $17.86M $4.290M
Other Short-Term Assets $110.0K $40.00K $30.00K
YoY Change 120.0% 33.33% 0.0%
Inventory
Prepaid Expenses $36.00K $52.00K
Receivables $250.0K $690.0K $1.010M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $20.06M $22.08M $9.598M
YoY Change 64.33% 473.01% 115.88%
LONG-TERM ASSETS
Property, Plant & Equipment $282.0K $290.0K $313.0K
YoY Change -6.62% -11.31% 21.32%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $20.00K $20.00K $333.0K
YoY Change 0.0% 100.0% 1565.0%
Total Long-Term Assets $303.0K $309.0K $313.0K
YoY Change -4.42% -9.12% 11.79%
TOTAL ASSETS
Total Short-Term Assets $20.06M $22.08M $9.598M
Total Long-Term Assets $303.0K $309.0K $313.0K
Total Assets $20.36M $22.39M $9.911M
YoY Change 62.59% 433.91% 109.71%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $755.0K $922.0K $1.542M
YoY Change -0.26% 182.82% 576.32%
Accrued Expenses $1.505M $1.571M $1.347M
YoY Change 99.34% 51.93% 53.59%
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 $2.526M $2.726M $3.113M
YoY Change 41.75% 69.63% 133.71%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $0.00 $0.00 $120.0K
YoY Change -100.0% -100.0% -81.82%
Total Long-Term Liabilities $0.00 $0.00 $123.0K
YoY Change -100.0% -100.0% -81.22%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.526M $2.726M $3.113M
Total Long-Term Liabilities $0.00 $0.00 $123.0K
Total Liabilities $2.526M $2.726M $3.236M
YoY Change 31.29% -18.21% 62.86%
SHAREHOLDERS EQUITY
Retained Earnings -$66.15M -$63.89M -$61.65M
YoY Change 17.64%
Common Stock $83.55M $68.33M
YoY Change 50.87% 23.9%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $17.84M $19.66M $6.675M
YoY Change
Total Liabilities & Shareholders Equity $20.36M $22.39M $9.911M
YoY Change 62.57% 433.91% 109.71%

Cashflow Statement

Concept 2015 Q2 2015 Q1 2014 Q4
OPERATING ACTIVITIES
Net Income -$2.265M -$2.236M -$2.730M
YoY Change 14.16% 5.92% 123.77%
Depreciation, Depletion And Amortization $30.00K $20.00K $30.00K
YoY Change 50.0% -33.33% 50.0%
Cash From Operating Activities -$1.650M -$1.937M -$2.010M
YoY Change 70.1% 395.4% 25.63%
INVESTING ACTIVITIES
Capital Expenditures -$16.00K $0.00 -$70.00K
YoY Change -100.0% 600.0%
Acquisitions
YoY Change
Other Investing Activities -$530.0K -$13.57M -$2.690M
YoY Change -135800.0% -156.16%
Cash From Investing Activities -$550.0K -$13.57M -$2.760M
YoY Change 27400.0% 15858.82% -157.62%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00 $2.348M
YoY Change -100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 10.00K $14.75M 50.00K
YoY Change -99.89%
NET CHANGE
Cash From Operating Activities -1.650M -$1.937M -2.010M
Cash From Investing Activities -550.0K -$13.57M -2.760M
Cash From Financing Activities 10.00K $14.75M 50.00K
Net Change In Cash -2.190M -$757.0K -4.720M
YoY Change -126.38% 59.03% -247.96%
FREE CASH FLOW
Cash From Operating Activities -$1.650M -$1.937M -$2.010M
Capital Expenditures -$16.00K $0.00 -$70.00K
Free Cash Flow -$1.634M -$1.937M -$1.940M
YoY Change 68.45% 299.38% 22.01%

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