2012 Q4 Form 10-K Financial Statement

#000114420414018510 Filed on March 28, 2014

View on sec.gov

Income Statement

Concept 2012 Q4 2012 2011 Q4
Revenue $3.020M $9.269M $4.830M
YoY Change -37.47% -37.92% -33.56%
Cost Of Revenue $2.410M $7.424M $3.080M
YoY Change -21.75% -31.0% -48.49%
Gross Profit $610.0K $1.845M $1.750M
YoY Change -65.14% -55.75% 35.66%
Gross Profit Margin 20.2% 19.91% 36.23%
Selling, General & Admin $520.0K $1.279M $360.0K
YoY Change 44.44% -11.81% -32.08%
% of Gross Profit 85.25% 69.31% 20.57%
Research & Development $50.21K
YoY Change
% of Gross Profit 2.72%
Depreciation & Amortization $260.0K $776.7K $150.0K
YoY Change 73.33% 31.65% -11.76%
% of Gross Profit 42.62% 42.1% 8.57%
Operating Expenses $520.0K $1.279M $360.0K
YoY Change 44.44% -11.81% -32.08%
Operating Profit $90.00K $566.3K $1.390M
YoY Change -93.53% -79.18% 82.89%
Interest Expense -$40.00K $468.0K -$80.00K
YoY Change -50.0% -226.49% -42.86%
% of Operating Profit -44.44% 82.64% -5.76%
Other Income/Expense, Net -$435.0K
YoY Change
Pretax Income $60.00K -$2.248K $1.310M
YoY Change -95.42% -100.1% 111.29%
Income Tax -$10.00K $43.27K $130.0K
% Of Pretax Income -16.67% 9.92%
Net Earnings $70.00K $88.03K $1.180M
YoY Change -94.07% -95.71% 136.0%
Net Earnings / Revenue 2.32% 0.95% 24.43%
Basic Earnings Per Share
Diluted Earnings Per Share $12.84K $16.51K $216.5K
COMMON SHARES
Basic Shares Outstanding 5.327M shares
Diluted Shares Outstanding 5.455M shares

Balance Sheet

Concept 2012 Q4 2012 2011 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.070M $3.070M $2.320M
YoY Change 32.33% 32.33% 182.93%
Cash & Equivalents $3.071M $3.070M $2.317M
Short-Term Investments
Other Short-Term Assets $1.870M $1.870M $3.100M
YoY Change -39.68% -39.68% 160.5%
Inventory $1.206M $1.210M $581.2K
Prepaid Expenses $106.3K
Receivables $6.657M $7.540M $10.62M
Other Receivables $5.071K $0.00 $730.0K
Total Short-Term Assets $13.69M $13.69M $17.36M
YoY Change -21.11% -21.14% -5.21%
LONG-TERM ASSETS
Property, Plant & Equipment $10.59M $26.07M $11.24M
YoY Change -5.78% 11.7% -7.82%
Goodwill
YoY Change
Intangibles $3.118M
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $29.14M $29.14M $26.46M
YoY Change 10.12% 10.13% 68.33%
TOTAL ASSETS
Total Short-Term Assets $13.69M $13.69M $17.36M
Total Long-Term Assets $29.14M $29.14M $26.46M
Total Assets $42.83M $42.83M $43.82M
YoY Change -2.25% -2.26% 28.76%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.380M $1.380M $2.680M
YoY Change -48.51% -48.51% -23.43%
Accrued Expenses $540.0K
YoY Change 5.88%
Deferred Revenue
YoY Change
Short-Term Debt $6.016M $10.06M $7.297M
YoY Change -17.55% 14.32% 383.22%
Long-Term Debt Due $0.00 $0.00 $30.00K
YoY Change -100.0% -100.0% -93.88%
Total Short-Term Liabilities $13.02M $13.02M $13.34M
YoY Change -2.41% -2.4% 94.75%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $960.0K
YoY Change -100.0% -100.0% 3.23%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00 $960.0K
YoY Change -100.0% -100.0% 3.23%
TOTAL LIABILITIES
Total Short-Term Liabilities $13.02M $13.02M $13.34M
Total Long-Term Liabilities $0.00 $0.00 $960.0K
Total Liabilities $13.02M $13.02M $14.30M
YoY Change -8.96% -8.95% 83.81%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $8.469M $8.449M
YoY Change 0.23%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $29.81M $29.81M $29.52M
YoY Change
Total Liabilities & Shareholders Equity $42.83M $42.83M $43.82M
YoY Change -2.25% -2.26% 28.76%

Cashflow Statement

Concept 2012 Q4 2012 2011 Q4
OPERATING ACTIVITIES
Net Income $70.00K $88.03K $1.180M
YoY Change -94.07% -95.71% 136.0%
Depreciation, Depletion And Amortization $260.0K $776.7K $150.0K
YoY Change 73.33% 31.65% -11.76%
Cash From Operating Activities $3.340M $2.980M $0.00
YoY Change -588.52% -100.0%
INVESTING ACTIVITIES
Capital Expenditures -$2.750M $63.60K -$380.0K
YoY Change 623.68% -102.01% -71.43%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$2.750M -$3.250M -$380.0K
YoY Change 623.68% 2.85% -71.43%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -320.0K 1.010M 2.500M
YoY Change -112.8% -80.54% 72.41%
NET CHANGE
Cash From Operating Activities 3.340M 2.980M 0.000
Cash From Investing Activities -2.750M -3.250M -380.0K
Cash From Financing Activities -320.0K 1.010M 2.500M
Net Change In Cash 270.0K 740.0K 2.120M
YoY Change -87.26% -47.89% 562.5%
FREE CASH FLOW
Cash From Operating Activities $3.340M $2.980M $0.00
Capital Expenditures -$2.750M $63.60K -$380.0K
Free Cash Flow $6.090M $2.916M $380.0K
YoY Change 1502.63% 14.37% -75.16%

Facts In Submission

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24018 USD
CY2012 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
9690 USD
CY2013 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
23002 USD
CY2012 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-193 USD
CY2013 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
0 USD
CY2013Q1 us-gaap Stock Issued During Period Shares Conversion Of Convertible Securities
StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities
132646 shares
CY2013Q1 us-gaap Share Price
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7.50
CY2013Q1 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
994836 USD
CY2013 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0 pure
CY2012 nfec Expenditures For Long Lived Assets
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1035194 USD
CY2013 nfec Expenditures For Long Lived Assets
ExpendituresForLongLivedAssets
1080167 USD
CY2011Q4 us-gaap Stockholders Equity
StockholdersEquity
29517823 USD
CY2012 nfec Adjustments To Additional Paid In Capital Interest Expense Related Party
AdjustmentsToAdditionalPaidInCapitalInterestExpenseRelatedParty
19728 USD
CY2013 nfec Adjustments To Additional Paid In Capital Interest Expense Related Party
AdjustmentsToAdditionalPaidInCapitalInterestExpenseRelatedParty
16762 USD
CY2013 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
994836 USD
CY2013 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
128848 USD
CY2013 us-gaap Nature Of Operations
NatureOfOperations
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <table style="MARGIN-TOP: 0pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; TABLE-LAYOUT: fixed; FONT-SIZE: 10pt; dtth: tableHanging" cellspacing="0" cellpadding="0" width="100%"> <tr style="PADDING-BOTTOM: 0pt; VERTICAL-ALIGN: top; PADDING-TOP: 0in"> <td style="WIDTH: 0in; WORD-WRAP: break-word; VERTICAL-ALIGN: top"> </td> <td style="WIDTH: 26.05pt; WORD-WRAP: break-word; VERTICAL-ALIGN: top"> <div><strong>1.</strong></div> </td> <td style="TEXT-ALIGN: justify; WORD-WRAP: break-word; VERTICAL-ALIGN: top"> <div><strong>ORGANIZATION AND BUSINESS BACKGROUND</strong></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: -57.25pt; MARGIN: 0in 0in 0pt 57.25pt" align="justify"><strong><font style="FONT-SIZE: 10pt"> &#160;</font></strong></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">NF Energy Saving Corporation (the &#8220;Company&#8221; or &#8220;NFEC&#8221;) was incorporated in the State of Delaware in the name of Galli Process, Inc. on October 31, 2000. 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(&#8220;Sales Company&#8221;)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ccffcc; FONT-SIZE: 10pt; VERTICAL-ALIGN: top; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ccffcc; FONT-SIZE: 10pt; VERTICAL-ALIGN: top; FONT-WEIGHT: 400" width="22%"> <div>The PRC, a limited liability company (under deregistration process)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ccffcc; FONT-SIZE: 10pt; VERTICAL-ALIGN: top; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ccffcc; FONT-SIZE: 10pt; VERTICAL-ALIGN: top; FONT-WEIGHT: 400" width="24%"> <div>Sales and marketing of valves components and products in the PRC</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ccffcc; FONT-SIZE: 10pt; VERTICAL-ALIGN: top; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ccffcc; FONT-SIZE: 10pt; VERTICAL-ALIGN: top; FONT-WEIGHT: 400" width="3%"> <div>RMB</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: Times New Roman; BACKGROUND: #ccffcc; FONT-SIZE: 10pt; VERTICAL-ALIGN: top; FONT-WEIGHT: 400" width="15%"> <div>5,000,000</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ccffcc; FONT-SIZE: 10pt; VERTICAL-ALIGN: top; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: Times New Roman; BACKGROUND: #ccffcc; FONT-SIZE: 10pt; VERTICAL-ALIGN: top; FONT-WEIGHT: 400" width="10%"> <div>99</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ccffcc; FONT-SIZE: 10pt; VERTICAL-ALIGN: top; FONT-WEIGHT: 400" width="1%"> <div>%</div> </td> </tr> </table> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" 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 0pt" align="justify"><font style="FONT-SIZE: 10pt">NFEC and its subsidiaries are hereinafter referred to as (the &#8220;Company&#8221;).</font></div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
CY2013 dei Document Type
DocumentType
10-K
CY2013 dei Amendment Flag
AmendmentFlag
false
CY2013 dei Document Period End Date
DocumentPeriodEndDate
2013-12-31
CY2013 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2013
CY2013 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2013 dei Trading Symbol
TradingSymbol
NFEC
CY2013 dei Entity Filer Category
EntityFilerCategory
Smaller Reporting Company
CY2013Q2 dei Entity Public Float
EntityPublicFloat
1865259 USD
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StockholdersEquityNoteStockSplitConversionRatio1
2.5 pure
CY2010Q3 nfec Share Outstanding Prior To Reverse Stock Split
ShareOutstandingPriorToReverseStockSplit
13315486 shares
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ShareOutstandingPostReverseStockSplit
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CY2012Q4 us-gaap Deferred Compensation Equity
DeferredCompensationEquity
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DeferredCompensationEquity
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CY2014Q1 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
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CY2013 dei Entity Registrant Name
EntityRegistrantName
NF Energy Saving Corp
CY2013 dei Entity Central Index Key
EntityCentralIndexKey
0001213660
CY2013 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2013 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No
CY2013 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2013 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
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NumberOfInvestors
2 pure
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GuaranteeDeposit
0 USD
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IncomeTaxReceivable
37806 USD
CY2013Q4 us-gaap Income Tax Receivable
IncomeTaxReceivable
0 USD
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CY2012Q4 us-gaap Due From Employees Current
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0 USD
CY2013Q4 us-gaap Due From Employees Current
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52804 USD
CY2012 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
23334 shares
CY2013 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
23334 shares
CY2012 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
128000 shares
CY2013 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
0 shares
CY2012 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
199520 USD
CY2013 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
195984 USD
CY2012Q4 us-gaap Accounts Receivable Gross Current
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6694154 USD
CY2013Q4 us-gaap Accounts Receivable Gross Current
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5283935 USD
CY2012Q4 nfec Retention Receivable Cost
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883421 USD
CY2013Q4 nfec Retention Receivable Cost
RetentionReceivableCost
498095 USD
CY2012 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
50207 USD
CY2013 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
79450 USD
CY2012Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
3044062 USD
CY2013Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
3044062 USD
CY2012Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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190124 USD
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FiniteLivedIntangibleAssetsAccumulatedAmortization
264105 USD
CY2012Q4 nfec Finitelived Intangible Assets After Accumulated Gross
FinitelivedIntangibleAssetsAfterAccumulatedGross
2853938 USD
CY2013Q4 nfec Finitelived Intangible Assets After Accumulated Gross
FinitelivedIntangibleAssetsAfterAccumulatedGross
2779957 USD
CY2012Q4 nfec Intangible Assets Foreign Translation Difference
IntangibleAssetsForeignTranslationDifference
217077 USD
CY2013Q4 nfec Intangible Assets Foreign Translation Difference
IntangibleAssetsForeignTranslationDifference
325070 USD
CY2012 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-2248 USD
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-229217 USD
CY2012 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
133554 USD
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
96072 USD
CY2012 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
0 USD
CY2013 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
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CY2012 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
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CurrentForeignTaxExpenseBenefit
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DeferredStateAndLocalIncomeTaxExpenseBenefit
0 USD
CY2013 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
0 USD
CY2012 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
0 USD
CY2013 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
0 USD
CY2012Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
905406 USD
CY2013Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
983340 USD
CY2012Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
905406 USD
CY2013Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
983340 USD
CY2012Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
0 USD
CY2013Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
0 USD
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BuildingsAndImprovementsGross
7191316 USD
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BuildingsAndImprovementsGross
11588428 USD
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MachineryAndEquipmentGross
5467297 USD
CY2013Q4 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
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FurnitureAndFixturesGross
68597 USD
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59778 USD
CY2012Q4 us-gaap Property Plant And Equipment Other
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773374 USD
CY2013Q4 us-gaap Property Plant And Equipment Other
PropertyPlantAndEquipmentOther
1278836 USD
CY2012Q4 us-gaap Property Plant And Equipment Gross
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13500584 USD
CY2013Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
18306112 USD
CY2012Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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2744994 USD
CY2013Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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3317550 USD
CY2012Q4 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
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168409 USD
CY2013Q4 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
272594 USD
CY2012 us-gaap Depreciation
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776748 USD
CY2013 us-gaap Depreciation
Depreciation
764500 USD
CY2012 us-gaap Allowance For Doubtful Accounts Receivable Recoveries
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CY2013 us-gaap Allowance For Doubtful Accounts Receivable Recoveries
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5947 USD
CY2012 us-gaap Payments To Acquire Other Property Plant And Equipment
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2215246 USD
CY2013 us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
0 USD
CY2012 nfec Settlement Of Interest Payable In Lieu Of Stock
SettlementOfInterestPayableInLieuOfStock
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CY2013 nfec Settlement Of Interest Payable In Lieu Of Stock
SettlementOfInterestPayableInLieuOfStock
34836 USD
CY2012 us-gaap Allowance For Doubtful Accounts Receivable Period Increase Decrease
AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease
28956 USD
CY2013 us-gaap Allowance For Doubtful Accounts Receivable Period Increase Decrease
AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease
5947 USD
CY2012 us-gaap Adjustment For Amortization
AdjustmentForAmortization
65302 USD
CY2013 us-gaap Adjustment For Amortization
AdjustmentForAmortization
66584 USD
CY2013Q3 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
47400 USD
CY2013Q4 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
175500 USD
CY2013 nfec Amortised Deferred Compensation Expense
AmortisedDeferredCompensationExpense
128848 USD

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