2017 Q4 Form 10-Q Financial Statement

#000107997318000099 Filed on February 09, 2018

View on sec.gov

Income Statement

Concept 2017 Q4 2016 Q4
Revenue
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $810.0K $530.0K
YoY Change 52.83% -3.64%
% of Gross Profit
Research & Development $338.8K $126.1K
YoY Change 168.68% 49.59%
% of Gross Profit
Depreciation & Amortization $436.00 $503.00
YoY Change -13.32% -99.34%
% of Gross Profit
Operating Expenses $1.148M $653.3K
YoY Change 75.69% -8.05%
Operating Profit -$1.148M -$653.3K
YoY Change 75.69% -8.05%
Interest Expense $93.66K $94.57K
YoY Change -0.95% 8.81%
% of Operating Profit
Other Income/Expense, Net $624.9K -$94.57K
YoY Change -760.83% 8.81%
Pretax Income -$520.0K -$750.0K
YoY Change -30.67% -6.25%
Income Tax
% Of Pretax Income
Net Earnings -$522.8K -$747.8K
YoY Change -30.09% -6.0%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share -$21.46K -$32.15K
COMMON SHARES
Basic Shares Outstanding 24.23M 23.33M
Diluted Shares Outstanding 24.23M

Balance Sheet

Concept 2017 Q4 2016 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $30.00K $10.00K
YoY Change 200.0% -94.44%
Cash & Equivalents $28.44K $72.93K
Short-Term Investments
Other Short-Term Assets $0.00 $10.00K
YoY Change -100.0% -50.0%
Inventory
Prepaid Expenses $735.00 $8.201K
Receivables
Other Receivables $1.000K $1.180K
Total Short-Term Assets $30.17K $17.02K
YoY Change 77.31% -92.69%
LONG-TERM ASSETS
Property, Plant & Equipment $2.320K $3.254K
YoY Change -28.7% -99.82%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $4.897K $3.254K
YoY Change 50.49% -99.82%
TOTAL ASSETS
Total Short-Term Assets $30.17K $17.02K
Total Long-Term Assets $4.897K $3.254K
Total Assets $35.07K $20.27K
YoY Change 73.0% -99.02%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $930.0K $870.0K
YoY Change 6.9% -41.22%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $30.00K $3.340M
YoY Change -99.1%
Long-Term Debt Due $8.910M $8.680M
YoY Change 2.65% 12.0%
Total Short-Term Liabilities $10.05M $14.80M
YoY Change -32.09% 41.87%
LONG-TERM LIABILITIES
Long-Term Debt $3.470M $0.00
YoY Change -100.0%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $3.470M $0.00
YoY Change -100.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $10.05M $14.80M
Total Long-Term Liabilities $3.470M $0.00
Total Liabilities $13.52M $14.80M
YoY Change -8.66% 8.41%
SHAREHOLDERS EQUITY
Retained Earnings -$119.7M -$117.6M
YoY Change 1.81% 3.77%
Common Stock $0.00 $0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$13.54M -$14.84M
YoY Change
Total Liabilities & Shareholders Equity $35.07K $20.27K
YoY Change 73.0% -99.02%

Cashflow Statement

Concept 2017 Q4 2016 Q4
OPERATING ACTIVITIES
Net Income -$522.8K -$747.8K
YoY Change -30.09% -6.0%
Depreciation, Depletion And Amortization $436.00 $503.00
YoY Change -13.32% -99.34%
Cash From Operating Activities -$120.0K -$70.00K
YoY Change 71.43% -61.11%
INVESTING ACTIVITIES
Capital Expenditures $0.00
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities $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 140.0K 10.00K
YoY Change 1300.0% -94.12%
NET CHANGE
Cash From Operating Activities -120.0K -70.00K
Cash From Investing Activities 0.000
Cash From Financing Activities 140.0K 10.00K
Net Change In Cash 20.00K -60.00K
YoY Change -133.33% 500.0%
FREE CASH FLOW
Cash From Operating Activities -$120.0K -$70.00K
Capital Expenditures $0.00
Free Cash Flow -$70.00K
YoY Change -61.11%

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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
295000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
294500
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
0.32
CY2017Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
176575
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
18025
CY2017Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
4545037
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
4840037
CY2017Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
1.42
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
1.39
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
0.84
CY2017Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
18025
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P3Y219D
CY2017Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
25000
CY2017Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
105000
CY2017Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
0.46
CY2017Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
0.29
CY2017 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P2Y328D
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P3Y219D
CY2017Q4 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
24233123
CY2016Q4 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
23328499
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
24150108
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
23436311
CY2017Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
24233123
CY2016Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
23328499
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
24150108
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
23436311

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