2013 Q2 Form 10-Q Financial Statement

#000119312513334653 Filed on August 14, 2013

View on sec.gov

Income Statement

Concept 2013 Q2 2012 Q2
Revenue $6.334M $85.00K
YoY Change 7351.76%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $3.300M $1.300M
YoY Change 153.85%
% of Gross Profit
Research & Development $7.247M $3.354M
YoY Change 116.07%
% of Gross Profit
Depreciation & Amortization $160.0K $70.00K
YoY Change 128.57%
% of Gross Profit
Operating Expenses $7.247M $3.354M
YoY Change 116.07%
Operating Profit -$4.194M -$4.600M
YoY Change -8.83%
Interest Expense -$400.0K $0.00
YoY Change
% of Operating Profit
Other Income/Expense, Net -$389.0K $37.00K
YoY Change -1151.35%
Pretax Income -$4.583M -$4.600M
YoY Change -0.37%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$4.583M -$4.563M
YoY Change 0.44%
Net Earnings / Revenue -72.36% -5368.24%
Basic Earnings Per Share -$23.21
Diluted Earnings Per Share -$2.091M -$23.21
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2013 Q2 2012 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $228.8M
YoY Change
Cash & Equivalents $228.8M $18.42M
Short-Term Investments
Other Short-Term Assets $1.700M
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $230.5M
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $2.515M
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.500M
YoY Change
Total Long-Term Assets $4.018M
YoY Change
TOTAL ASSETS
Total Short-Term Assets $230.5M
Total Long-Term Assets $4.018M
Total Assets $234.5M
YoY Change
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.609M
YoY Change
Accrued Expenses $3.400M
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $30.36M
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt $0.00
YoY Change
Other Long-Term Liabilities $42.90M
YoY Change
Total Long-Term Liabilities $42.90M
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $30.36M
Total Long-Term Liabilities $42.90M
Total Liabilities $73.27M
YoY Change
SHAREHOLDERS EQUITY
Retained Earnings -$84.48M
YoY Change
Common Stock $236.0K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $161.3M
YoY Change
Total Liabilities & Shareholders Equity $234.5M
YoY Change

Cashflow Statement

Concept 2013 Q2 2012 Q2
OPERATING ACTIVITIES
Net Income -$4.583M -$4.563M
YoY Change 0.44%
Depreciation, Depletion And Amortization $160.0K $70.00K
YoY Change 128.57%
Cash From Operating Activities -$8.250M -$3.990M
YoY Change 106.77%
INVESTING ACTIVITIES
Capital Expenditures -$460.0K -$180.0K
YoY Change 155.56%
Acquisitions
YoY Change
Other Investing Activities -$1.250M $0.00
YoY Change
Cash From Investing Activities -$1.710M -$180.0K
YoY Change 850.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 107.0M 10.00K
YoY Change 1069600.0%
NET CHANGE
Cash From Operating Activities -8.250M -3.990M
Cash From Investing Activities -1.710M -180.0K
Cash From Financing Activities 107.0M 10.00K
Net Change In Cash 97.01M -4.160M
YoY Change -2431.97%
FREE CASH FLOW
Cash From Operating Activities -$8.250M -$3.990M
Capital Expenditures -$460.0K -$180.0K
Free Cash Flow -$7.790M -$3.810M
YoY Change 104.46%

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CY2012Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
12755000 shares
CY2012Q2 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
6000
CY2012Q2 us-gaap Revenues
Revenues
85000
CY2012Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-4563000
CY2012Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-5848000
CY2012Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
37000
CY2012Q2 us-gaap Investment Income Interest
InvestmentIncomeInterest
1000
CY2012Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-4600000
CY2012Q2 us-gaap Net Income Loss
NetIncomeLoss
-4563000
CY2012Q2 us-gaap License And Services Revenue
LicenseAndServicesRevenue
85000
CY2012Q2 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-30000
CY2012Q2 us-gaap Costs And Expenses
CostsAndExpenses
4685000
CY2012Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
1331000
CY2012Q2 us-gaap Proceeds From Stock Plans
ProceedsFromStockPlans
8000
CY2012Q2 us-gaap Share Based Compensation
ShareBasedCompensation
152000
CY2012Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
3354000
CY2012Q2 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
1285000
CY2012Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0
CY2012Q2 blue Change In Earnings Per Share Basic And Diluted
ChangeInEarningsPerShareBasicAndDiluted
-23.21
CY2012Q2 blue Net Income Loss Available To Common Stockholders
NetIncomeLossAvailableToCommonStockholders
-5848000
CY2012Q2 blue Stock Issued During Period Shares Stock Options Exercised1
StockIssuedDuringPeriodSharesStockOptionsExercised1
5000 shares
CY2013Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
2151000 shares
CY2013Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-2.13
CY2013Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
4440000 shares
CY2013Q2 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
3000
CY2013Q2 us-gaap Revenues
Revenues
6334000
CY2013Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-4583000
CY2013Q2 us-gaap Contracts Revenue
ContractsRevenue
6249000
CY2013Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-4583000
CY2013Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-389000
CY2013Q2 us-gaap Investment Income Interest
InvestmentIncomeInterest
7000
CY2013Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-4194000
CY2013Q2 us-gaap Net Income Loss
NetIncomeLoss
-4583000
CY2013Q2 us-gaap License And Services Revenue
LicenseAndServicesRevenue
85000
CY2013Q2 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
399000
CY2013Q2 us-gaap Costs And Expenses
CostsAndExpenses
10528000
CY2013Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
3281000
CY2013Q2 us-gaap Proceeds From Stock Plans
ProceedsFromStockPlans
31000
CY2013Q2 us-gaap Share Based Compensation
ShareBasedCompensation
1657000
CY2013Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
7247000
CY2013Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0
CY2013Q2 blue Change In Earnings Per Share Basic And Diluted
ChangeInEarningsPerShareBasicAndDiluted
-2.13
CY2013Q2 blue Net Income Loss Available To Common Stockholders
NetIncomeLossAvailableToCommonStockholders
-4583000
CY2013Q2 blue Stock Issued During Period Shares Stock Options Exercised1
StockIssuedDuringPeriodSharesStockOptionsExercised1
11000 shares

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