2016 Q1 Form 10-Q Financial Statement
#000143774916032022 Filed on May 16, 2016
Income Statement
Concept | 2016 Q1 | 2015 Q1 |
---|---|---|
Revenue | $430.6K | $648.8K |
YoY Change | -33.64% | -52.64% |
Cost Of Revenue | $111.8K | $139.4K |
YoY Change | -19.74% | 16.13% |
Gross Profit | $318.7K | $509.5K |
YoY Change | -37.44% | -59.24% |
Gross Profit Margin | 74.02% | 78.52% |
Selling, General & Admin | $992.5K | $1.041M |
YoY Change | -4.63% | 21.01% |
% of Gross Profit | 311.39% | 204.27% |
Research & Development | $489.4K | $406.6K |
YoY Change | 20.35% | -17.01% |
% of Gross Profit | 153.54% | 79.82% |
Depreciation & Amortization | $11.52K | $10.61K |
YoY Change | 8.6% | 6.06% |
% of Gross Profit | 3.61% | 2.08% |
Operating Expenses | $1.482M | $1.447M |
YoY Change | 2.39% | 8.01% |
Operating Profit | -$1.163M | -$937.9K |
YoY Change | 24.03% | 942.06% |
Interest Expense | $0.00 | $10.00K |
YoY Change | -100.0% | -105.0% |
% of Operating Profit | ||
Other Income/Expense, Net | -$32.00 | $13.75K |
YoY Change | -100.23% | |
Pretax Income | -$1.160M | -$920.0K |
YoY Change | 26.09% | 206.67% |
Income Tax | $912.00 | $912.00 |
% Of Pretax Income | ||
Net Earnings | -$1.163M | -$924.1K |
YoY Change | 25.87% | 208.03% |
Net Earnings / Revenue | -270.14% | -142.43% |
Basic Earnings Per Share | ||
Diluted Earnings Per Share | -$1.681M | -$1.333M |
COMMON SHARES | ||
Basic Shares Outstanding | ||
Diluted Shares Outstanding |
Balance Sheet
Concept | 2016 Q1 | 2015 Q1 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $3.470M | $300.0K |
YoY Change | 1056.67% | -49.15% |
Cash & Equivalents | $3.475M | $303.5K |
Short-Term Investments | ||
Other Short-Term Assets | $147.1K | $110.0K |
YoY Change | 33.73% | 22.22% |
Inventory | $458.9K | $210.0K |
Prepaid Expenses | ||
Receivables | $2.224M | $590.0K |
Other Receivables | $150.0K | $0.00 |
Total Short-Term Assets | $11.40M | $1.210M |
YoY Change | 842.56% | -40.69% |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $71.65K | $90.00K |
YoY Change | -20.39% | -25.0% |
Goodwill | ||
YoY Change | ||
Intangibles | $144.3K | |
YoY Change | ||
Long-Term Investments | ||
YoY Change | ||
Other Assets | $10.00K | $10.00K |
YoY Change | 0.0% | 0.0% |
Total Long-Term Assets | $7.225M | $260.0K |
YoY Change | 2678.73% | -13.33% |
TOTAL ASSETS | ||
Total Short-Term Assets | $11.40M | $1.210M |
Total Long-Term Assets | $7.225M | $260.0K |
Total Assets | $18.63M | $1.470M |
YoY Change | 1167.32% | -37.18% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $628.6K | $420.0K |
YoY Change | 49.67% | 31.25% |
Accrued Expenses | $312.1K | $470.0K |
YoY Change | -33.6% | 38.24% |
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | $0.00 | $0.00 |
YoY Change | ||
Long-Term Debt Due | ||
YoY Change | ||
Total Short-Term Liabilities | $1.701M | $1.490M |
YoY Change | 14.16% | 23.14% |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $0.00 | $0.00 |
YoY Change | ||
Other Long-Term Liabilities | ||
YoY Change | ||
Total Long-Term Liabilities | $0.00 | $0.00 |
YoY Change | -100.0% | |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $1.701M | $1.490M |
Total Long-Term Liabilities | $0.00 | $0.00 |
Total Liabilities | $1.701M | $1.490M |
YoY Change | 14.16% | -7.45% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | -$59.77M | |
YoY Change | ||
Common Stock | $6.620K | |
YoY Change | ||
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | ||
YoY Change | ||
Treasury Stock Shares | ||
Shareholders Equity | $16.93M | -$20.00K |
YoY Change | ||
Total Liabilities & Shareholders Equity | $18.63M | $1.470M |
YoY Change | 1167.32% | -37.18% |
Cashflow Statement
Concept | 2016 Q1 | 2015 Q1 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | -$1.163M | -$924.1K |
YoY Change | 25.87% | 208.03% |
Depreciation, Depletion And Amortization | $11.52K | $10.61K |
YoY Change | 8.6% | 6.06% |
Cash From Operating Activities | -$661.6K | -$519.2K |
YoY Change | 27.42% | -59.44% |
INVESTING ACTIVITIES | ||
Capital Expenditures | $19.29K | |
YoY Change | ||
Acquisitions | ||
YoY Change | ||
Other Investing Activities | ||
YoY Change | ||
Cash From Investing Activities | -$19.29K | |
YoY Change | ||
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | ||
YoY Change | ||
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | -165.6K | -20.91K |
YoY Change | 691.83% | -86.06% |
NET CHANGE | ||
Cash From Operating Activities | -661.6K | -519.2K |
Cash From Investing Activities | -19.29K | |
Cash From Financing Activities | -165.6K | -20.91K |
Net Change In Cash | -846.4K | -540.1K |
YoY Change | 56.71% | -62.23% |
FREE CASH FLOW | ||
Cash From Operating Activities | -$661.6K | -$519.2K |
Capital Expenditures | $19.29K | |
Free Cash Flow | -$680.9K | -$519.2K |
YoY Change | 31.13% | -59.44% |
Facts In Submission
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|
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|
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Expected Increase In Operational Costs
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|
67000 | |
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Expected Operational Costs Per Month
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|
579000 | |
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Factored Accounts Receivable Factored Amount
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|
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Assets
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Assets
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133851 | |
CY2015Q1 | us-gaap |
Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
|
||
CY2016Q1 | us-gaap |
Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
|
31704 | |
CY2015Q1 | us-gaap |
Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
|
20908 | |
CY2016Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
19287 | |
CY2015Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
||
CY2016Q1 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.0001 | |
CY2016Q1 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
5000000 | |
CY2016Q1 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
100727 | |
CY2015Q4 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
97203 | |
CY2016Q1 | us-gaap |
Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
|
<div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style=" TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25"><div style="display: inline; font-style: italic;">Reclassification</div></div><div style=" TEXT-ALIGN: justify; MARGIN: 0pt 7.2pt 0pt 0pt; LINE-HEIGHT: 1.25"> </div><div style=" TEXT-ALIGN: justify; MARGIN: 0pt 7.2pt 0pt 0pt; LINE-HEIGHT: 1.25">Reclassifications occured to certain prior year amounts in order to conform to the current year classifications. The reclassifications have no effect on the reported net loss.</div></div></div> | |
CY2016Q1 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
71646 | |
CY2015Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
63877 | |
CY2016Q1 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
489401 | |
CY2015Q1 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
406641 | |
CY2016Q1 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-59774664 | |
CY2015Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-58611450 | |
CY2016Q1 | us-gaap |
Revenues
Revenues
|
430592 | |
CY2015Q1 | us-gaap |
Revenues
Revenues
|
648826 | |
CY2016Q1 | us-gaap |
Sales Revenue Services Net
SalesRevenueServicesNet
|
284726 | |
CY2015Q1 | us-gaap |
Sales Revenue Services Net
SalesRevenueServicesNet
|
250353 | |
CY2016Q1 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
991613 | |
CY2015Q1 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
1040681 | |
CY2016Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
158363 | |
CY2015Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
162219 | |
CY2016Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
0 | |
CY2016Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
16928737 | |
CY2015Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
18149917 | |
CY2016Q1 | us-gaap |
Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
|
104322 | |
CY2015Q4 | us-gaap |
Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
|
104284 | |
CY2016Q1 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
66123757 | |
CY2015Q1 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
66001260 |