2017 Q1 Form 10-Q Financial Statement

#000143774917009271 Filed on May 15, 2017

View on sec.gov

Income Statement

Concept 2017 Q1 2016 Q1
Revenue $1.418M $430.6K
YoY Change 229.39% -33.64%
Cost Of Revenue $660.9K $111.8K
YoY Change 490.92% -19.74%
Gross Profit $757.4K $318.7K
YoY Change 137.62% -37.44%
Gross Profit Margin 53.4% 74.02%
Selling, General & Admin $1.620M $992.5K
YoY Change 63.24% -4.63%
% of Gross Profit 213.91% 311.39%
Research & Development $493.4K $489.4K
YoY Change 0.83% 20.35%
% of Gross Profit 65.15% 153.54%
Depreciation & Amortization $7.819K $11.52K
YoY Change -32.11% 8.6%
% of Gross Profit 1.03% 3.61%
Operating Expenses $2.114M $1.482M
YoY Change 42.62% 2.39%
Operating Profit -$1.356M -$1.163M
YoY Change 16.59% 24.03%
Interest Expense $0.00 $0.00
YoY Change -100.0%
% of Operating Profit
Other Income/Expense, Net $6.00 -$32.00
YoY Change -118.75% -100.23%
Pretax Income -$1.360M -$1.160M
YoY Change 17.24% 26.09%
Income Tax $912.00
% Of Pretax Income
Net Earnings -$1.356M -$1.163M
YoY Change 16.59% 25.87%
Net Earnings / Revenue -95.62% -270.14%
Basic Earnings Per Share
Diluted Earnings Per Share -$1.789M -$1.681M
COMMON SHARES
Basic Shares Outstanding 6.097M
Diluted Shares Outstanding

Balance Sheet

Concept 2017 Q1 2016 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.160M $3.470M
YoY Change -66.57% 1056.67%
Cash & Equivalents $1.158M $3.475M
Short-Term Investments
Other Short-Term Assets $117.9K $147.1K
YoY Change -19.86% 33.73%
Inventory $571.0K $458.9K
Prepaid Expenses
Receivables $562.5K $2.224M
Other Receivables $120.0K $150.0K
Total Short-Term Assets $4.407M $11.40M
YoY Change -61.36% 842.56%
LONG-TERM ASSETS
Property, Plant & Equipment $60.00K $71.65K
YoY Change -16.26% -20.39%
Goodwill
YoY Change
Intangibles $144.6K $144.3K
YoY Change 0.2%
Long-Term Investments
YoY Change
Other Assets $10.00K $10.00K
YoY Change 0.0% 0.0%
Total Long-Term Assets $11.22M $7.225M
YoY Change 55.26% 2678.73%
TOTAL ASSETS
Total Short-Term Assets $4.407M $11.40M
Total Long-Term Assets $11.22M $7.225M
Total Assets $15.62M $18.63M
YoY Change -16.13% 1167.32%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $153.7K $628.6K
YoY Change -75.55% 49.67%
Accrued Expenses $380.0K $312.1K
YoY Change 21.77% -33.6%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.625M $1.701M
YoY Change -4.45% 14.16%
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
TOTAL LIABILITIES
Total Short-Term Liabilities $1.625M $1.701M
Total Long-Term Liabilities $0.00 $0.00
Total Liabilities $1.625M $1.701M
YoY Change -4.45% 14.16%
SHAREHOLDERS EQUITY
Retained Earnings -$64.16M -$59.77M
YoY Change 7.33%
Common Stock $610.00 $6.620K
YoY Change -90.79%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $14.00M $16.93M
YoY Change
Total Liabilities & Shareholders Equity $15.62M $18.63M
YoY Change -16.13% 1167.32%

Cashflow Statement

Concept 2017 Q1 2016 Q1
OPERATING ACTIVITIES
Net Income -$1.356M -$1.163M
YoY Change 16.59% 25.87%
Depreciation, Depletion And Amortization $7.819K $11.52K
YoY Change -32.11% 8.6%
Cash From Operating Activities $117.0K -$661.6K
YoY Change -117.68% 27.42%
INVESTING ACTIVITIES
Capital Expenditures $13.89K $19.29K
YoY Change -27.97%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$13.89K -$19.29K
YoY Change -27.97%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -5.946K -165.6K
YoY Change -96.41% 691.83%
NET CHANGE
Cash From Operating Activities 117.0K -661.6K
Cash From Investing Activities -13.89K -19.29K
Cash From Financing Activities -5.946K -165.6K
Net Change In Cash 97.11K -846.4K
YoY Change -111.47% 56.71%
FREE CASH FLOW
Cash From Operating Activities $117.0K -$661.6K
Capital Expenditures $13.89K $19.29K
Free Cash Flow $103.1K -$680.9K
YoY Change -115.14% 31.13%

Facts In Submission

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<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="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">&nbsp;</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">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></div></div></div>
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6094955
CY2016Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
5510381

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