2016 Q3 Form 10-Q Financial Statement
#000143774916042096 Filed on November 14, 2016
Income Statement
Concept | 2016 Q3 | 2015 Q3 |
---|---|---|
Revenue | $431.5K | $669.8K |
YoY Change | -35.59% | -47.83% |
Cost Of Revenue | $171.8K | $374.8K |
YoY Change | -54.17% | 53.65% |
Gross Profit | $259.7K | $295.0K |
YoY Change | -11.97% | -71.63% |
Gross Profit Margin | 60.19% | 44.04% |
Selling, General & Admin | $925.9K | $1.014M |
YoY Change | -8.66% | 2.45% |
% of Gross Profit | 356.57% | 343.65% |
Research & Development | $528.6K | $368.8K |
YoY Change | 43.32% | 13.48% |
% of Gross Profit | 203.54% | 125.01% |
Depreciation & Amortization | $20.00K | $10.00K |
YoY Change | 100.0% | 0.0% |
% of Gross Profit | 7.7% | 3.39% |
Operating Expenses | $1.454M | $1.383M |
YoY Change | 5.2% | 5.18% |
Operating Profit | -$1.195M | -$1.088M |
YoY Change | 9.86% | 296.02% |
Interest Expense | $20.00K | |
YoY Change | ||
% of Operating Profit | ||
Other Income/Expense, Net | $60.39K | $7.976K |
YoY Change | 657.16% | -96.42% |
Pretax Income | -$1.130M | -$1.080M |
YoY Change | 4.63% | 2060.0% |
Income Tax | ||
% Of Pretax Income | ||
Net Earnings | -$1.134M | -$1.080M |
YoY Change | 5.08% | 1995.22% |
Net Earnings / Revenue | -262.92% | -161.17% |
Basic Earnings Per Share | ||
Diluted Earnings Per Share | -$1.638M | -$1.565M |
COMMON SHARES | ||
Basic Shares Outstanding | ||
Diluted Shares Outstanding |
Balance Sheet
Concept | 2016 Q3 | 2015 Q3 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $180.0K | $70.00K |
YoY Change | 157.14% | -58.82% |
Cash & Equivalents | $177.4K | $72.23K |
Short-Term Investments | ||
Other Short-Term Assets | $4.041K | |
YoY Change | ||
Inventory | $568.2K | $150.7K |
Prepaid Expenses | ||
Receivables | $364.4K | $2.165M |
Other Receivables | $10.00K | $0.00 |
Total Short-Term Assets | $3.250M | $2.426M |
YoY Change | 33.99% | 166.59% |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $79.09K | $73.54K |
YoY Change | 7.55% | -26.46% |
Goodwill | ||
YoY Change | ||
Intangibles | $137.5K | $151.1K |
YoY Change | -9.0% | |
Long-Term Investments | ||
YoY Change | ||
Other Assets | $10.00K | $10.00K |
YoY Change | 0.0% | 0.0% |
Total Long-Term Assets | $12.29M | $233.4K |
YoY Change | 5167.96% | -16.65% |
TOTAL ASSETS | ||
Total Short-Term Assets | $3.250M | $2.426M |
Total Long-Term Assets | $12.29M | $233.4K |
Total Assets | $15.55M | $2.659M |
YoY Change | 484.55% | 123.47% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $550.8K | $1.308M |
YoY Change | -57.89% | 184.34% |
Accrued Expenses | $337.1K | $432.8K |
YoY Change | -22.12% | -9.83% |
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | $0.00 | $180.0K |
YoY Change | -100.0% | |
Long-Term Debt Due | ||
YoY Change | ||
Total Short-Term Liabilities | $1.330M | $2.938M |
YoY Change | -54.74% | 114.45% |
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 | $1.330M | $2.938M |
Total Long-Term Liabilities | $0.00 | $0.00 |
Total Liabilities | $1.330M | $2.938M |
YoY Change | -54.74% | 102.62% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | -$62.28M | -$58.00M |
YoY Change | 7.38% | |
Common Stock | $6.638K | $6.607K |
YoY Change | 0.47% | |
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | ||
YoY Change | ||
Treasury Stock Shares | ||
Shareholders Equity | $14.22M | -$278.7K |
YoY Change | ||
Total Liabilities & Shareholders Equity | $15.55M | $2.659M |
YoY Change | 484.55% | 123.47% |
Cashflow Statement
Concept | 2016 Q3 | 2015 Q3 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | -$1.134M | -$1.080M |
YoY Change | 5.08% | 1995.22% |
Depreciation, Depletion And Amortization | $20.00K | $10.00K |
YoY Change | 100.0% | 0.0% |
Cash From Operating Activities | -$1.620M | -$460.0K |
YoY Change | 252.17% | 31.43% |
INVESTING ACTIVITIES | ||
Capital Expenditures | $0.00 | $0.00 |
YoY Change | ||
Acquisitions | ||
YoY Change | ||
Other Investing Activities | ||
YoY Change | ||
Cash From Investing Activities | $0.00 | $0.00 |
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 | -200.0K | 250.0K |
YoY Change | -180.0% | |
NET CHANGE | ||
Cash From Operating Activities | -1.620M | -460.0K |
Cash From Investing Activities | 0.000 | 0.000 |
Cash From Financing Activities | -200.0K | 250.0K |
Net Change In Cash | -1.820M | -210.0K |
YoY Change | 766.67% | -40.0% |
FREE CASH FLOW | ||
Cash From Operating Activities | -$1.620M | -$460.0K |
Capital Expenditures | $0.00 | $0.00 |
Free Cash Flow | -$1.620M | -$460.0K |
YoY Change | 252.17% | 31.43% |
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-567720 | ||
us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
204514 | ||
us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-52976 | ||
us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-2078 | ||
us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
-3522994 | ||
us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
-973836 | ||
CY2016Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-1134422 | |
CY2015Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-1079584 | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-3673125 | ||
us-gaap |
Net Income Loss
NetIncomeLoss
|
-1250539 | ||
CY2016Q3 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-1335047 | |
CY2015Q3 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-1079584 | |
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-4275000 | ||
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-1250539 | ||
CY2016Q3 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
60391 | |
CY2015Q3 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
7976 | |
us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
9986 | ||
us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
21321 | ||
us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
1 | ||
CY2016Q3 | us-gaap |
Operating Expenses
OperatingExpenses
|
1454493 | |
CY2015Q3 | us-gaap |
Operating Expenses
OperatingExpenses
|
1382566 | |
us-gaap |
Operating Expenses
OperatingExpenses
|
4540859 | ||
us-gaap |
Operating Expenses
OperatingExpenses
|
4203745 | ||
CY2016Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-1194813 | |
CY2015Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-1087560 | |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-3683111 | ||
CY2016Q3 | us-gaap |
Sales Revenue Services Net
SalesRevenueServicesNet
|
187025 | |
CY2016Q3 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
4041 | |
CY2015Q4 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
37421 | |
CY2016Q3 | us-gaap |
Other Sales Revenue Net
OtherSalesRevenueNet
|
244438 | |
CY2015Q3 | us-gaap |
Other Sales Revenue Net
OtherSalesRevenueNet
|
419655 | |
us-gaap |
Other Sales Revenue Net
OtherSalesRevenueNet
|
585192 | ||
us-gaap |
Other Sales Revenue Net
OtherSalesRevenueNet
|
2835662 | ||
us-gaap |
Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
|
535100 | ||
us-gaap |
Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
|
|||
us-gaap |
Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
|
32620 | ||
us-gaap |
Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
|
58486 | ||
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
52976 | ||
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
2078 | ||
CY2016Q3 | us-gaap |
Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
|
200625 | |
CY2015Q3 | us-gaap |
Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
|
||
us-gaap |
Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
|
601875 | ||
us-gaap |
Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
|
|||
CY2016Q3 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.0001 | |
CY2016Q3 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
5000000 | |
CY2016Q3 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
136408 | |
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: left; 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: left; 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;"> </div></div></div><div style=" TEXT-ALIGN: left; 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> | ||
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
|||
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
13000 | ||
us-gaap |
Proceeds From Notes Payable
ProceedsFromNotesPayable
|
|||
us-gaap |
Proceeds From Notes Payable
ProceedsFromNotesPayable
|
250000 | ||
CY2016Q3 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
79088 | |
CY2015Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
63877 | |
CY2016Q3 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
528554 | |
CY2015Q3 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
368788 | |
us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
1584403 | ||
us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
1169427 | ||
CY2016Q3 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-62284576 | |
CY2015Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-58611450 | |
CY2016Q3 | us-gaap |
Revenues
Revenues
|
431463 | |
CY2015Q3 | us-gaap |
Revenues
Revenues
|
669846 | |
us-gaap |
Revenues
Revenues
|
1277869 | ||
us-gaap |
Revenues
Revenues
|
3591475 | ||
CY2015Q3 | us-gaap |
Sales Revenue Services Net
SalesRevenueServicesNet
|
250191 | |
us-gaap |
Sales Revenue Services Net
SalesRevenueServicesNet
|
692677 | ||
us-gaap |
Sales Revenue Services Net
SalesRevenueServicesNet
|
755813 | ||
CY2016Q3 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
925939 | |
CY2015Q3 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
1013778 | |
us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
2956456 | ||
us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
3034318 | ||
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
231983 | ||
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
258297 | ||
CY2016Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
14215479 | |
CY2015Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
18149917 | |
CY2016Q3 | us-gaap |
Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
|
1206 | |
CY2015Q4 | us-gaap |
Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
|
104284 | |
CY2016Q3 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
66360445 | |
CY2015Q3 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
66038941 | |
us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
66253808 | ||
us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
66013958 |