2015 Q2 Form 10-Q Financial Statement

#000114420415048801 Filed on August 13, 2015

View on sec.gov

Income Statement

Concept 2015 Q2 2014 Q2 2014 Q1
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 $420.0K $350.0K
YoY Change 135.71% -43.24% -37.5%
% of Gross Profit
Research & Development $1.375M $877.0K $680.0K
YoY Change 56.78% 18.19% 30.27%
% of Gross Profit
Depreciation & Amortization $30.00K $20.00K $30.00K
YoY Change 50.0% 0.0% 0.0%
% of Gross Profit
Operating Expenses $1.375M $1.294M $1.031M
YoY Change 6.26% -12.86% -4.63%
Operating Profit -$2.363M -$1.294M -$2.111M
YoY Change 82.61% -13.73% 95.1%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net $100.0K -$690.0K -$1.080M
YoY Change -114.49% 3350.0%
Pretax Income -$2.270M -$1.980M -$2.110M
YoY Change 14.65% 32.0% 95.37%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$2.265M -$1.984M -$2.111M
YoY Change 14.16% 30.7% 95.1%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share -$123.0K -$159.4K -$179.6K
COMMON SHARES
Basic Shares Outstanding 18.48M shares 176.3M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2015 Q2 2014 Q2 2014 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $19.70M $11.33M $3.030M
YoY Change 73.87% 346.06% -16.76%
Cash & Equivalents $1.301M $11.33M $3.027M
Short-Term Investments $18.39M
Other Short-Term Assets $110.0K $50.00K $30.00K
YoY Change 120.0% -64.29% -25.0%
Inventory
Prepaid Expenses $48.00K $34.00K
Receivables $250.0K $830.0K $790.0K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $20.06M $12.21M $3.853M
YoY Change 64.33% 271.03% -10.4%
LONG-TERM ASSETS
Property, Plant & Equipment $282.0K $302.0K $327.0K
YoY Change -6.62% 14.83% 42.17%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $20.00K $20.00K $10.00K
YoY Change 0.0% -91.67% -95.45%
Total Long-Term Assets $303.0K $317.0K $340.0K
YoY Change -4.42% -37.1% -24.44%
TOTAL ASSETS
Total Short-Term Assets $20.06M $12.21M $3.853M
Total Long-Term Assets $303.0K $317.0K $340.0K
Total Assets $20.36M $12.52M $4.193M
YoY Change 62.59% 230.1% -11.73%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $755.0K $757.0K $326.0K
YoY Change -0.26% 102.95% 30.4%
Accrued Expenses $1.505M $755.0K $1.034M
YoY Change 99.34% 24.59% 56.67%
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 $1.782M $1.607M
YoY Change 41.75% 48.5% 51.6%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $0.00 $140.0K $1.730M
YoY Change -100.0% -41.67% 723.81%
Total Long-Term Liabilities $0.00 $142.0K $1.726M
YoY Change -100.0% -40.83% 721.9%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.526M $1.782M $1.607M
Total Long-Term Liabilities $0.00 $142.0K $1.726M
Total Liabilities $2.526M $1.924M $3.333M
YoY Change 31.29% 33.7% 162.44%
SHAREHOLDERS EQUITY
Retained Earnings -$66.15M
YoY Change
Common Stock $67.10M $55.38M
YoY Change 27.9%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $17.84M $10.60M $860.0K
YoY Change
Total Liabilities & Shareholders Equity $20.36M $12.52M $4.193M
YoY Change 62.57% 230.45% -11.73%

Cashflow Statement

Concept 2015 Q2 2014 Q2 2014 Q1
OPERATING ACTIVITIES
Net Income -$2.265M -$1.984M -$2.111M
YoY Change 14.16% 30.7% 95.1%
Depreciation, Depletion And Amortization $30.00K $20.00K $30.00K
YoY Change 50.0% 0.0% 0.0%
Cash From Operating Activities -$1.650M -$970.0K -$391.0K
YoY Change 70.1% -8.75% -41.64%
INVESTING ACTIVITIES
Capital Expenditures -$16.00K $0.00 $94.00K
YoY Change -100.0% 370.0%
Acquisitions
YoY Change
Other Investing Activities -$530.0K $0.00 $10.00K
YoY Change -100.0% -98.99%
Cash From Investing Activities -$550.0K -$2.000K -$85.00K
YoY Change 27400.0% -96.49% -108.75%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00 $9.658M $0.00
YoY Change -100.0% -100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 10.00K $9.273M $0.00
YoY Change -99.89% 132371.43% -100.0%
NET CHANGE
Cash From Operating Activities -1.650M -$970.0K -$391.0K
Cash From Investing Activities -550.0K -$2.000K -$85.00K
Cash From Financing Activities 10.00K $9.273M $0.00
Net Change In Cash -2.190M $8.301M -$476.0K
YoY Change -126.38% -845.82% -186.39%
FREE CASH FLOW
Cash From Operating Activities -$1.650M -$970.0K -$391.0K
Capital Expenditures -$16.00K $0.00 $94.00K
Free Cash Flow -$1.634M -$970.0K -$485.0K
YoY Change 68.45% -12.53% -29.71%

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Files In Submission

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