2016 Q2 Form 10-Q Financial Statement
#000143774916037497 Filed on August 15, 2016
Income Statement
Concept | 2016 Q2 | 2015 Q2 |
---|---|---|
Revenue | $415.8K | $2.273M |
YoY Change | -81.7% | 468.2% |
Cost Of Revenue | $136.5K | $145.4K |
YoY Change | -6.12% | -9.13% |
Gross Profit | $279.3K | $2.127M |
YoY Change | -86.87% | 786.42% |
Gross Profit Margin | 67.18% | 93.6% |
Selling, General & Admin | $1.039M | $979.9K |
YoY Change | 6.03% | 8.87% |
% of Gross Profit | 371.94% | 46.06% |
Research & Development | $566.4K | $394.0K |
YoY Change | 43.77% | -16.17% |
% of Gross Profit | 202.79% | 18.52% |
Depreciation & Amortization | $20.00K | $20.00K |
YoY Change | 0.0% | 0.0% |
% of Gross Profit | 7.16% | 0.94% |
Operating Expenses | $1.605M | $1.374M |
YoY Change | 16.85% | 0.28% |
Operating Profit | -$1.326M | $753.6K |
YoY Change | -275.97% | -166.69% |
Interest Expense | -$50.00K | $0.00 |
YoY Change | -100.0% | |
% of Operating Profit | 0.0% | |
Other Income/Expense, Net | -$49.46K | -$404.00 |
YoY Change | 12142.82% | |
Pretax Income | -$1.380M | $750.0K |
YoY Change | -284.0% | -172.82% |
Income Tax | ||
% Of Pretax Income | ||
Net Earnings | -$2.539M | $753.1K |
YoY Change | -437.08% | -173.12% |
Net Earnings / Revenue | -610.54% | 33.14% |
Basic Earnings Per Share | ||
Diluted Earnings Per Share | -$2.000M | $1.087M |
COMMON SHARES | ||
Basic Shares Outstanding | ||
Diluted Shares Outstanding |
Balance Sheet
Concept | 2016 Q2 | 2015 Q2 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $2.010M | $280.0K |
YoY Change | 617.86% | -46.15% |
Cash & Equivalents | $2.007M | $282.4K |
Short-Term Investments | ||
Other Short-Term Assets | $2.323K | $70.00K |
YoY Change | -96.68% | 0.0% |
Inventory | $480.0K | $410.0K |
Prepaid Expenses | ||
Receivables | $2.299M | $130.0K |
Other Receivables | $0.00 | $1.550M |
Total Short-Term Assets | $9.881M | $2.450M |
YoY Change | 303.29% | 140.2% |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $91.08K | $80.00K |
YoY Change | 13.85% | -27.27% |
Goodwill | ||
YoY Change | ||
Intangibles | $140.9K | |
YoY Change | ||
Long-Term Investments | ||
YoY Change | ||
Other Assets | $10.00K | $10.00K |
YoY Change | 0.0% | 0.0% |
Total Long-Term Assets | $7.241M | $240.0K |
YoY Change | 2916.97% | -17.24% |
TOTAL ASSETS | ||
Total Short-Term Assets | $9.881M | $2.450M |
Total Long-Term Assets | $7.241M | $240.0K |
Total Assets | $17.12M | $2.690M |
YoY Change | 536.48% | 105.34% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $696.4K | $870.0K |
YoY Change | -19.95% | 148.57% |
Accrued Expenses | $350.8K | $440.0K |
YoY Change | -20.27% | 15.79% |
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | $0.00 | $0.00 |
YoY Change | ||
Long-Term Debt Due | ||
YoY Change | ||
Total Short-Term Liabilities | $1.720M | $1.940M |
YoY Change | -11.36% | 56.45% |
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 | $1.720M | $1.940M |
Total Long-Term Liabilities | $0.00 | $0.00 |
Total Liabilities | $1.720M | $1.940M |
YoY Change | -11.36% | 25.97% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | -$61.15M | |
YoY Change | ||
Common Stock | $6.634K | |
YoY Change | ||
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | ||
YoY Change | ||
Treasury Stock Shares | ||
Shareholders Equity | $15.40M | $760.0K |
YoY Change | ||
Total Liabilities & Shareholders Equity | $17.12M | $2.690M |
YoY Change | 536.48% | 105.34% |
Cashflow Statement
Concept | 2016 Q2 | 2015 Q2 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | -$2.539M | $753.1K |
YoY Change | -437.08% | -173.12% |
Depreciation, Depletion And Amortization | $20.00K | $20.00K |
YoY Change | 0.0% | 0.0% |
Cash From Operating Activities | -$1.240M | $10.00K |
YoY Change | -12500.0% | -114.29% |
INVESTING ACTIVITIES | ||
Capital Expenditures | -$30.00K | $0.00 |
YoY Change | -100.0% | |
Acquisitions | ||
YoY Change | ||
Other Investing Activities | ||
YoY Change | ||
Cash From Investing Activities | -$30.00K | $0.00 |
YoY Change | -100.0% | |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | ||
YoY Change | ||
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | -200.0K | -30.00K |
YoY Change | 566.67% | |
NET CHANGE | ||
Cash From Operating Activities | -1.240M | 10.00K |
Cash From Investing Activities | -30.00K | 0.000 |
Cash From Financing Activities | -200.0K | -30.00K |
Net Change In Cash | -1.470M | -20.00K |
YoY Change | 7250.0% | -75.0% |
FREE CASH FLOW | ||
Cash From Operating Activities | -$1.240M | $10.00K |
Capital Expenditures | -$30.00K | $0.00 |
Free Cash Flow | -$1.210M | $10.00K |
YoY Change | -12200.0% | -116.67% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
bkyi |
Class Of Warrant Or Right Nonemployee Compensation Expense
ClassOfWarrantOrRightNonemployeeCompensationExpense
|
11625 | ||
CY2016Q2 | bkyi |
Class Of Warrant Or Right Nonemployee Compensation Expense
ClassOfWarrantOrRightNonemployeeCompensationExpense
|
11625 | |
CY2015Q1 | bkyi |
Class Of Warrant Or Right Vesting Term
ClassOfWarrantOrRightVestingTerm
|
P1Y | |
bkyi |
Expected Increase In Operational Costs
ExpectedIncreaseInOperationalCosts
|
67000 | ||
bkyi |
Expected Operational Costs Per Month
ExpectedOperationalCostsPerMonth
|
579000 | ||
CY2016Q2 | bkyi |
Factored Accounts Receivable Factored Amount
FactoredAccountsReceivableFactoredAmount
|
8342 | |
CY2015Q4 | bkyi |
Factored Accounts Receivable Factored Amount
FactoredAccountsReceivableFactoredAmount
|
112259 | |
CY2016Q2 | bkyi |
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FactoredAccountsReceivableOriginalInvoiceValue
|
10665 | |
CY2015Q4 | bkyi |
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|
149680 | |
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|
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Factoring Fees
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|
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CY2015Q2 | bkyi |
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|
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bkyi |
Factoring Fees
FactoringFees
|
303363 | ||
bkyi |
Factoring Fees
FactoringFees
|
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bkyi |
Operational Costs Per Month
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|
512000 | ||
CY2016Q2 | bkyi |
Software License Rights Noncurrent
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|
7000000 | |
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Software License Rights Noncurrent
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|
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Sotware License Rights
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|
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|
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|
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|
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Stock Issued During Period Value Issued For Directors Fees
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|
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Stock Issued During Period Value Issued For Directors Fees
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|
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|
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|
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Interest Income Expense Net
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|
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|
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us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-51783 | ||
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-2078 | ||
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-1895535 | ||
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-505599 | ||
CY2015Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
753146 | |
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-2939953 | ||
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-170957 | ||
CY2016Q2 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-49461 | |
CY2015Q2 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-404 | |
us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-50405 | ||
us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
13345 | ||
us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
1 | ||
CY2016Q2 | us-gaap |
Operating Expenses
OperatingExpenses
|
1605352 | |
CY2015Q2 | us-gaap |
Operating Expenses
OperatingExpenses
|
1373860 | |
us-gaap |
Operating Expenses
OperatingExpenses
|
3086366 | ||
us-gaap |
Operating Expenses
OperatingExpenses
|
2821182 | ||
CY2016Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-1326028 | |
CY2015Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
753550 | |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-2488298 | ||
us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
1055849 | ||
us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
800640 | ||
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-184302 | ||
CY2016Q2 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
2323 | |
CY2015Q4 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
37421 | |
CY2016Q2 | us-gaap |
Other Sales Revenue Net
OtherSalesRevenueNet
|
194888 | |
CY2015Q2 | us-gaap |
Other Sales Revenue Net
OtherSalesRevenueNet
|
2017535 | |
us-gaap |
Other Sales Revenue Net
OtherSalesRevenueNet
|
340754 | ||
us-gaap |
Other Sales Revenue Net
OtherSalesRevenueNet
|
2416008 | ||
us-gaap |
Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
|
334476 | ||
us-gaap |
Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
|
|||
us-gaap |
Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
|
32619 | ||
us-gaap |
Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
|
53579 | ||
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
51783 | ||
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
2078 | ||
CY2016Q2 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.0001 | |
CY2016Q2 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
5000000 | |
CY2016Q2 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
92855 | |
CY2015Q4 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
97203 | |
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="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-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif"><div style="display: inline; font-style: italic;">Reclassification</div></div></div><div style=" TEXT-ALIGN: justify; MARGIN: 0pt 7.2pt 0pt 0pt; LINE-HEIGHT: 1.25"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif"> </div></div><div style=" TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">Reclassifications occurred 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></div></div> | ||
CY2016Q2 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
91083 | |
CY2015Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
63877 | |
CY2016Q2 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
566448 | |
CY2015Q2 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
393999 | |
CY2016Q2 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-61150153 | |
CY2015Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-58611450 | |
CY2016Q2 | us-gaap |
Revenues
Revenues
|
415814 | |
CY2015Q2 | us-gaap |
Revenues
Revenues
|
2272804 | |
us-gaap |
Revenues
Revenues
|
846406 | ||
us-gaap |
Revenues
Revenues
|
2921630 | ||
CY2016Q2 | us-gaap |
Sales Revenue Services Net
SalesRevenueServicesNet
|
220926 | |
CY2015Q2 | us-gaap |
Sales Revenue Services Net
SalesRevenueServicesNet
|
255269 | |
us-gaap |
Sales Revenue Services Net
SalesRevenueServicesNet
|
505652 | ||
us-gaap |
Sales Revenue Services Net
SalesRevenueServicesNet
|
505622 | ||
CY2016Q2 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
1038904 | |
CY2015Q2 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
979861 | |
us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
2030517 | ||
us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
2020542 | ||
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
184299 | ||
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
222247 | ||
CY2016Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
15401643 | |
CY2015Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
18149917 | |
CY2016Q2 | us-gaap |
Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
|
153790 | |
CY2015Q4 | us-gaap |
Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
|
104284 | |
CY2016Q2 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
66276050 | |
CY2015Q2 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
66001260 | |
us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
66199903 | ||
us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
66001260 |