2014 Q2 Form 10-Q Financial Statement

#000114420414049699 Filed on August 14, 2014

View on sec.gov

Income Statement

Concept 2014 Q2 2013 Q2
Revenue $8.828M $7.146M
YoY Change 23.54% -8.42%
Cost Of Revenue $5.353M $4.694M
YoY Change 14.04% -9.73%
Gross Profit $3.475M $2.452M
YoY Change 41.72% -5.8%
Gross Profit Margin 39.36% 34.31%
Selling, General & Admin $2.133M $2.199M
YoY Change -3.0% 1.24%
% of Gross Profit 61.38% 89.68%
Research & Development $929.0K $836.0K
YoY Change 11.12% -10.11%
% of Gross Profit 26.73% 34.09%
Depreciation & Amortization $350.0K $320.0K
YoY Change 9.38% -15.79%
% of Gross Profit 10.07% 13.05%
Operating Expenses $3.062M $3.035M
YoY Change 0.89% -2.16%
Operating Profit $413.0K -$583.0K
YoY Change -170.84% 16.83%
Interest Expense $66.00K $77.00K
YoY Change -14.29% -196.25%
% of Operating Profit 15.98%
Other Income/Expense, Net -$77.00K
YoY Change -8.33%
Pretax Income $347.0K -$660.0K
YoY Change -152.58% 13.21%
Income Tax $0.00 $0.00
% Of Pretax Income 0.0%
Net Earnings $347.0K -$660.0K
YoY Change -152.58% 13.21%
Net Earnings / Revenue 3.93% -9.24%
Basic Earnings Per Share
Diluted Earnings Per Share $0.06 -$0.11
COMMON SHARES
Basic Shares Outstanding 6.216M shares 6.216M shares
Diluted Shares Outstanding 6.240M shares 6.216M shares

Balance Sheet

Concept 2014 Q2 2013 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $50.00K $170.0K
YoY Change -70.59% -19.05%
Cash & Equivalents $49.00K $173.0K
Short-Term Investments
Other Short-Term Assets $980.0K $920.0K
YoY Change 6.52% -28.68%
Inventory $8.437M $10.50M
Prepaid Expenses
Receivables $4.517M $2.733M
Other Receivables $0.00 $0.00
Total Short-Term Assets $13.99M $14.32M
YoY Change -2.34% -11.15%
LONG-TERM ASSETS
Property, Plant & Equipment $3.975M $3.853M
YoY Change 3.17% -11.43%
Goodwill $493.0K $493.0K
YoY Change 0.0%
Intangibles $730.0K $580.0K
YoY Change 25.86%
Long-Term Investments
YoY Change
Other Assets $143.0K $177.0K
YoY Change -19.21% -97.66%
Total Long-Term Assets $9.239M $9.836M
YoY Change -6.07% -36.46%
TOTAL ASSETS
Total Short-Term Assets $13.99M $14.32M
Total Long-Term Assets $9.239M $9.836M
Total Assets $23.23M $24.16M
YoY Change -3.86% -23.55%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.320M $1.320M
YoY Change 75.76% -43.35%
Accrued Expenses $650.0K $1.270M
YoY Change -48.82% -19.62%
Deferred Revenue
YoY Change
Short-Term Debt $1.790M $1.590M
YoY Change 12.58% -58.7%
Long-Term Debt Due $3.970M $277.0K
YoY Change 1333.21% 2.59%
Total Short-Term Liabilities $8.747M $4.484M
YoY Change 95.07% -44.5%
LONG-TERM LIABILITIES
Long-Term Debt $76.00K $4.025M
YoY Change -98.11% -5.96%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $76.00K $4.025M
YoY Change -98.11% -5.96%
TOTAL LIABILITIES
Total Short-Term Liabilities $8.747M $4.484M
Total Long-Term Liabilities $76.00K $4.025M
Total Liabilities $8.823M $8.509M
YoY Change 3.69% -31.16%
SHAREHOLDERS EQUITY
Retained Earnings -$4.008M -$1.514M
YoY Change 164.73%
Common Stock $26.32M $26.06M
YoY Change 1.01%
Preferred Stock
YoY Change
Treasury Stock (at cost) $7.308M $7.308M
YoY Change 0.0%
Treasury Stock Shares 2.248M shares 2.248M shares
Shareholders Equity $14.34M $15.62M
YoY Change
Total Liabilities & Shareholders Equity $23.23M $24.16M
YoY Change -3.86% -23.55%

Cashflow Statement

Concept 2014 Q2 2013 Q2
OPERATING ACTIVITIES
Net Income $347.0K -$660.0K
YoY Change -152.58% 13.21%
Depreciation, Depletion And Amortization $350.0K $320.0K
YoY Change 9.38% -15.79%
Cash From Operating Activities -$10.00K $510.0K
YoY Change -101.96% 750.0%
INVESTING ACTIVITIES
Capital Expenditures $550.0K $190.0K
YoY Change 189.47% -5.0%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$550.0K -$190.0K
YoY Change 189.47% -5.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 490.0K -220.0K
YoY Change -322.73% -540.0%
NET CHANGE
Cash From Operating Activities -10.00K 510.0K
Cash From Investing Activities -550.0K -190.0K
Cash From Financing Activities 490.0K -220.0K
Net Change In Cash -70.00K 100.0K
YoY Change -170.0% -211.11%
FREE CASH FLOW
Cash From Operating Activities -$10.00K $510.0K
Capital Expenditures $550.0K $190.0K
Free Cash Flow -$560.0K $320.0K
YoY Change -275.0% -328.57%

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Files In Submission

Name View Source Status
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0001144204-14-049699.txt Edgar Link pending
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