2018 Q3 Form 10-Q Financial Statement

#000143774918020843 Filed on November 14, 2018

View on sec.gov

Income Statement

Concept 2018 Q3 2017 Q3
Revenue $739.8K $942.4K
YoY Change -21.51% 118.42%
Cost Of Revenue $940.3K $923.1K
YoY Change 1.87% 437.35%
Gross Profit -$200.6K $19.34K
YoY Change -1137.35% -92.55%
Gross Profit Margin -27.11% 2.05%
Selling, General & Admin $1.049M $1.238M
YoY Change -15.27% 33.73%
% of Gross Profit 6404.1%
Research & Development $391.5K $386.8K
YoY Change 1.21% -26.81%
% of Gross Profit 2000.57%
Depreciation & Amortization $690.0K $400.0K
YoY Change 72.5% 1900.0%
% of Gross Profit 2068.68%
Operating Expenses $1.441M $1.625M
YoY Change -11.34% 11.73%
Operating Profit -$1.641M -$1.606M
YoY Change 2.22% 34.4%
Interest Expense $0.00
YoY Change
% of Operating Profit
Other Income/Expense, Net $6.00
YoY Change -99.99%
Pretax Income -$1.640M -$1.610M
YoY Change 1.86% 42.48%
Income Tax
% Of Pretax Income
Net Earnings -$1.641M -$1.606M
YoY Change 2.21% 41.55%
Net Earnings / Revenue -221.87% -170.39%
Basic Earnings Per Share
Diluted Earnings Per Share -$1.000M -$1.963M
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2018 Q3 2017 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.050M $970.0K
YoY Change 8.25% 438.89%
Cash & Equivalents $1.049M $971.9K
Short-Term Investments
Other Short-Term Assets $80.40K $28.75K
YoY Change 179.66% 611.46%
Inventory $1.044M $879.6K
Prepaid Expenses
Receivables $653.5K $562.3K
Other Receivables $80.00K $30.00K
Total Short-Term Assets $5.910M $4.988M
YoY Change 18.47% 53.47%
LONG-TERM ASSETS
Property, Plant & Equipment $170.0K $186.9K
YoY Change -9.03% 136.34%
Goodwill
YoY Change
Intangibles $193.0K $175.9K
YoY Change 9.73% 27.89%
Long-Term Investments
YoY Change
Other Assets $340.0K $10.00K
YoY Change 3300.0% 0.0%
Total Long-Term Assets $7.092M $10.03M
YoY Change -29.3% -18.41%
TOTAL ASSETS
Total Short-Term Assets $5.910M $4.988M
Total Long-Term Assets $7.092M $10.03M
Total Assets $13.00M $15.02M
YoY Change -13.44% -3.38%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $369.8K $507.9K
YoY Change -27.19% -7.79%
Accrued Expenses $585.6K $427.7K
YoY Change 36.93% 26.88%
Deferred Revenue $255.7K
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.211M $1.707M
YoY Change -29.06% 28.38%
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 $1.211M $1.707M
Total Long-Term Liabilities $0.00 $0.00
Total Liabilities $1.211M $1.707M
YoY Change -29.06% 28.38%
SHAREHOLDERS EQUITY
Retained Earnings -$73.75M -$67.55M
YoY Change 9.18% 8.46%
Common Stock $1.398K $692.00
YoY Change 102.02% -89.58%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $11.79M $13.31M
YoY Change
Total Liabilities & Shareholders Equity $13.00M $15.02M
YoY Change -13.44% -3.38%

Cashflow Statement

Concept 2018 Q3 2017 Q3
OPERATING ACTIVITIES
Net Income -$1.641M -$1.606M
YoY Change 2.21% 41.55%
Depreciation, Depletion And Amortization $690.0K $400.0K
YoY Change 72.5% 1900.0%
Cash From Operating Activities -$1.020M -$950.0K
YoY Change 7.37% -41.36%
INVESTING ACTIVITIES
Capital Expenditures -$10.00K -$60.00K
YoY Change -83.33%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$10.00K -$60.00K
YoY Change -83.33%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.780M 1.000M
YoY Change 78.0% -600.0%
NET CHANGE
Cash From Operating Activities -1.020M -950.0K
Cash From Investing Activities -10.00K -60.00K
Cash From Financing Activities 1.780M 1.000M
Net Change In Cash 750.0K -10.00K
YoY Change -7600.0% -99.45%
FREE CASH FLOW
Cash From Operating Activities -$1.020M -$950.0K
Capital Expenditures -$10.00K -$60.00K
Free Cash Flow -$1.010M -$890.0K
YoY Change 13.48% -45.06%

Facts In Submission

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us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
601875
CY2018Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-66836475
CY2018Q3 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
739750
CY2018Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
1049270
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
3587308
CY2017Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
1238296
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
4289655
us-gaap Share Based Compensation
ShareBasedCompensation
865291
us-gaap Share Based Compensation
ShareBasedCompensation
774968
CY2018Q1 us-gaap Stock Issued During Period Shares Conversion Of Convertible Securities
StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities
1794191
CY2018Q3 us-gaap Stockholders Equity
StockholdersEquity
11790782
CY2018Q1 us-gaap Stockholders Equity
StockholdersEquity
13993312
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
13753295
CY2018Q3 us-gaap Warrant Down Round Feature Increase Decrease In Equity Amount
WarrantDownRoundFeatureIncreaseDecreaseInEquityAmount
1428966
CY2017Q3 us-gaap Warrant Down Round Feature Increase Decrease In Equity Amount
WarrantDownRoundFeatureIncreaseDecreaseInEquityAmount
us-gaap Warrant Down Round Feature Increase Decrease In Equity Amount
WarrantDownRoundFeatureIncreaseDecreaseInEquityAmount
1428966
us-gaap Warrant Down Round Feature Increase Decrease In Equity Amount
WarrantDownRoundFeatureIncreaseDecreaseInEquityAmount
CY2018Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
13145301
CY2017Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
6535449
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
10810103
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
6333530

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