2012 Q4 Form 10-K Financial Statement

#000114420414019498 Filed on March 31, 2014

View on sec.gov

Income Statement

Concept 2012 Q4 2012 2011 Q4
Revenue $20.92M $76.76M
YoY Change 53.15%
Cost Of Revenue $16.87M $61.21M
YoY Change 51.01%
Gross Profit $4.050M $15.55M
YoY Change 62.2%
Gross Profit Margin 19.36% 20.26%
Selling, General & Admin $2.920M $10.61M
YoY Change 54.8%
% of Gross Profit 72.1% 68.2%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.360M $4.469M
YoY Change 62.49%
% of Gross Profit 33.58% 28.74%
Operating Expenses $4.270M $10.61M
YoY Change 54.8%
Operating Profit -$220.0K $476.7K
YoY Change -3581.32%
Interest Expense -$560.0K -$2.200M
YoY Change -24.14%
% of Operating Profit -461.48%
Other Income/Expense, Net
YoY Change
Pretax Income -$790.0K -$1.718M
YoY Change 395.1%
Income Tax $10.00K $31.86K
% Of Pretax Income
Net Earnings -$790.0K -$1.750M
YoY Change 520.99%
Net Earnings / Revenue -3.78% -2.28%
Basic Earnings Per Share $0.00
Diluted Earnings Per Share -$145.8K $0.00
COMMON SHARES
Basic Shares Outstanding 0.000 shares
Diluted Shares Outstanding 0.000 shares

Balance Sheet

Concept 2012 Q4 2012 2011 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $0.00 $0.00
Short-Term Investments
Other Short-Term Assets $211.7K $800.0K
YoY Change 166.67%
Inventory
Prepaid Expenses $552.0K
Receivables $12.63M $12.60M
Other Receivables $0.00
Total Short-Term Assets $13.39M $13.40M
YoY Change 65.43%
LONG-TERM ASSETS
Property, Plant & Equipment $286.9K $300.0K
YoY Change 50.0%
Goodwill $4.860M $4.798M
YoY Change 1.29%
Intangibles $18.23M
YoY Change
Long-Term Investments
YoY Change
Other Assets $23.47M $400.0K
YoY Change 33.33%
Total Long-Term Assets $23.75M $23.70M
YoY Change 45.4%
TOTAL ASSETS
Total Short-Term Assets $13.39M $13.40M
Total Long-Term Assets $23.75M $23.70M
Total Assets $37.14M $37.10M $24.41M
YoY Change 52.16% 52.05%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.246M $2.200M
YoY Change 69.23%
Accrued Expenses $3.364M $2.500M
YoY Change -30.56%
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due $2.378M $2.400M
YoY Change 140.0%
Total Short-Term Liabilities $11.92M $11.90M
YoY Change 67.61%
LONG-TERM LIABILITIES
Long-Term Debt $4.757M $20.10M
YoY Change 18.93%
Other Long-Term Liabilities $3.330M $3.300M
YoY Change 120.0%
Total Long-Term Liabilities $8.086M $23.40M
YoY Change 27.17%
TOTAL LIABILITIES
Total Short-Term Liabilities $11.92M $11.90M
Total Long-Term Liabilities $8.086M $23.40M
Total Liabilities $35.46M $35.50M
YoY Change 38.67%
SHAREHOLDERS EQUITY
Retained Earnings $0.00
YoY Change
Common Stock $0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.683M $1.700M
YoY Change
Total Liabilities & Shareholders Equity $37.14M $37.10M
YoY Change 52.05%

Cashflow Statement

Concept 2012 Q4 2012 2011 Q4
OPERATING ACTIVITIES
Net Income -$790.0K -$1.750M
YoY Change 520.99%
Depreciation, Depletion And Amortization $1.360M $4.469M
YoY Change 62.49%
Cash From Operating Activities $1.880M $3.019M
YoY Change 61.29%
INVESTING ACTIVITIES
Capital Expenditures -$40.00K -$120.0K
YoY Change 200.0%
Acquisitions $10.60M
YoY Change 51.43%
Other Investing Activities -$10.53M -$10.99M
YoY Change 49.52%
Cash From Investing Activities -$10.58M -$11.11M
YoY Change 50.37%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change
Debt Paid & Issued, Net $1.365M
YoY Change 26.84%
Cash From Financing Activities 8.700M $8.089M
YoY Change 46.67%
NET CHANGE
Cash From Operating Activities 1.880M $3.019M
Cash From Investing Activities -10.58M -$11.11M
Cash From Financing Activities 8.700M $8.089M
Net Change In Cash 0.000 $0.00
YoY Change
FREE CASH FLOW
Cash From Operating Activities $1.880M $3.019M
Capital Expenditures -$40.00K -$120.0K
Free Cash Flow $1.920M $3.139M
YoY Change 64.19%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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CY2013Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2013Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
500000 shares
CY2013Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2012Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2013Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2012Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2013Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2013Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
19500000 shares
CY2013Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
5598847 shares
CY2011 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0
CY2012 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0
CY2013 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.53
CY2011 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0
CY2012 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0
CY2013 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.47
CY2011 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
0 shares
CY2012 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
0 shares
CY2013 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
5424620 shares
CY2011 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
0 shares
CY2012 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
0 shares
CY2013 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
5646389 shares
CY2011 ck0001474903 Contingent Consideration Incurred During Noncash Or Partial Noncash Transaction
ContingentConsiderationIncurredDuringNoncashOrPartialNoncashTransaction
0 USD
CY2012 ck0001474903 Contingent Consideration Incurred During Noncash Or Partial Noncash Transaction
ContingentConsiderationIncurredDuringNoncashOrPartialNoncashTransaction
0 USD
CY2013 ck0001474903 Contingent Consideration Incurred During Noncash Or Partial Noncash Transaction
ContingentConsiderationIncurredDuringNoncashOrPartialNoncashTransaction
1253152 USD
CY2013Q4 us-gaap Accounts Payable Other Current
AccountsPayableOtherCurrent
2367131 USD
CY2012Q4 us-gaap Accounts Payable Other Current
AccountsPayableOtherCurrent
600530 USD
CY2013Q4 us-gaap Accrued Bonuses Current
AccruedBonusesCurrent
696207 USD
CY2012Q4 us-gaap Accrued Bonuses Current
AccruedBonusesCurrent
354316 USD
CY2013Q4 us-gaap Accrued Payroll Taxes Current
AccruedPayrollTaxesCurrent
2947134 USD
CY2012Q4 us-gaap Accrued Payroll Taxes Current
AccruedPayrollTaxesCurrent
708773 USD
CY2013Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
1112403 USD
CY2012Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
1700728 USD
CY2013Q4 ck0001474903 Intangible Assets Net Excluding Goodwill Gross
IntangibleAssetsNetExcludingGoodwillGross
32477810 USD
CY2013Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
0 USD
CY2011 ck0001474903 Put Option Adjustment
PutOptionAdjustment
0 USD
CY2012 ck0001474903 Put Option Adjustment
PutOptionAdjustment
0 USD
CY2013 ck0001474903 Put Option Adjustment
PutOptionAdjustment
235612 USD
CY2012 ck0001474903 Contributions From Parent
ContributionsFromParent
4584943 USD
CY2013 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0in 0.2in; FONT: 10pt Times New Roman, Times, Serif" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"><u> Reclassifications</u></font></div> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt; FONT: 10pt Times New Roman, Times, Serif" align="justify"><font style="FONT-SIZE: 10pt">&#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0in 0.2in; FONT: 10pt Times New Roman, Times, Serif" align="justify"><font style="FONT-SIZE: 10pt"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font>Certain reclassifications have been made to the 2012 financial statements to conform with the 2013 presentation.</font></div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
CY2011 ck0001474903 Contributions From Parent
ContributionsFromParent
9887430 USD
CY2013Q4 ck0001474903 Long Term Debt Noncurrent Including Related Parties
LongTermDebtNoncurrentIncludingRelatedParties
17006432 USD
CY2012Q4 ck0001474903 Long Term Debt Noncurrent Including Related Parties
LongTermDebtNoncurrentIncludingRelatedParties
14239876 USD
CY2011 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
0 USD
CY2012 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
0 USD
CY2013 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-5266 USD
CY2011 ck0001474903 Effective Income Tax Rate Reconciliation Conversion From Nontaxable Partnership To Corporation
EffectiveIncomeTaxRateReconciliationConversionFromNontaxablePartnershipToCorporation
0 USD
CY2012 ck0001474903 Effective Income Tax Rate Reconciliation Conversion From Nontaxable Partnership To Corporation
EffectiveIncomeTaxRateReconciliationConversionFromNontaxablePartnershipToCorporation
0 USD
CY2013 ck0001474903 Effective Income Tax Rate Reconciliation Conversion From Nontaxable Partnership To Corporation
EffectiveIncomeTaxRateReconciliationConversionFromNontaxablePartnershipToCorporation
-7476869 USD
CY2013Q4 ck0001474903 Deferred Tax Assets Accrued Payroll
DeferredTaxAssetsAccruedPayroll
-17549 USD
CY2012Q4 ck0001474903 Deferred Tax Assets Accrued Payroll
DeferredTaxAssetsAccruedPayroll
0 USD
CY2013Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2012Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2013Q4 us-gaap Capital Leases Future Minimum Payments Due Thereafter
CapitalLeasesFutureMinimumPaymentsDueThereafter
0 USD
CY2013Q4 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
1076994 USD
CY2013Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
0 USD
CY2013Q4 ck0001474903 Longterm Debt Including Line Of Credit
LongtermDebtIncludingLineOfCredit
32384765 USD
CY2013Q4 ck0001474903 Earn Out Payable
EarnOutPayable
2341857 USD
CY2012Q4 ck0001474903 Earn Out Payable
EarnOutPayable
3329691 USD
CY2013Q4 ck0001474903 Put Option Liability
PutOptionLiability
1312606 USD
CY2012Q4 ck0001474903 Put Option Liability
PutOptionLiability
0 USD

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