2014 Q4 Form 10-Q Financial Statement

#000114420414067818 Filed on November 13, 2014

View on sec.gov

Income Statement

Concept 2014 Q4 2014 Q3 2013 Q4
Revenue $80.00K $159.9K
YoY Change 127844.0%
Cost Of Revenue $110.0K $66.12K
YoY Change 661050.0%
Gross Profit -$30.00K $93.82K
YoY Change 81478.26%
Gross Profit Margin -37.5% 58.66%
Selling, General & Admin $940.0K $700.0K
YoY Change
% of Gross Profit 746.15%
Research & Development $350.0K $290.7K
YoY Change -29.94%
% of Gross Profit 309.87%
Depreciation & Amortization $30.00K $20.00K
YoY Change
% of Gross Profit 21.32%
Operating Expenses $1.290M $989.8K
YoY Change -12.34%
Operating Profit -$1.320M -$896.0K
YoY Change -20.64%
Interest Expense -$150.0K $74.78K
YoY Change 33.45%
% of Operating Profit
Other Income/Expense, Net -$20.00K -$204.4K
YoY Change 17.49%
Pretax Income -$1.480M -$1.100M
YoY Change
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$1.480M -$1.100M
YoY Change -15.55%
Net Earnings / Revenue -1850.0% -688.08%
Basic Earnings Per Share
Diluted Earnings Per Share -$925.0K -$814.8K
COMMON SHARES
Basic Shares Outstanding 31.46M shares 26.80M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2014 Q4 2014 Q3 2013 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $90.00K $370.0K
YoY Change
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets $20.00K $30.00K
YoY Change
Inventory $1.945K $17.39K $17.97K
Prepaid Expenses
Receivables $0.00 $0.00
Other Receivables $0.00 $0.00
Total Short-Term Assets $114.3K $421.5K $239.8K
YoY Change -52.33% 666.63%
LONG-TERM ASSETS
Property, Plant & Equipment $493.9K $73.58K $35.57K
YoY Change 1288.48% -40.13%
Goodwill
YoY Change
Intangibles $1.038M $1.055M $1.108M
YoY Change -6.3% -5.93%
Long-Term Investments
YoY Change
Other Assets $50.00K $50.00K
YoY Change
Total Long-Term Assets $1.577M $1.175M $1.143M
YoY Change 38.0% -7.57%
TOTAL ASSETS
Total Short-Term Assets $114.3K $421.5K $239.8K
Total Long-Term Assets $1.577M $1.175M $1.143M
Total Assets $1.692M $1.596M $1.383M
YoY Change 22.34% 9.06%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.112M $774.1K $1.270M
YoY Change -12.45% 64.63%
Accrued Expenses $1.467M $1.220M $1.177M
YoY Change 24.63% 19.07%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $5.690M $5.170M
YoY Change
Total Short-Term Liabilities $8.525M $7.428M $7.503M
YoY Change 13.63% 166.43%
LONG-TERM LIABILITIES
Long-Term Debt $50.00K $620.0K
YoY Change
Other Long-Term Liabilities $10.00K $0.00
YoY Change
Total Long-Term Liabilities $60.00K $620.0K
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $8.525M $7.428M $7.503M
Total Long-Term Liabilities $60.00K $620.0K
Total Liabilities $8.580M $8.054M $8.068M
YoY Change 6.35% 25.87%
SHAREHOLDERS EQUITY
Retained Earnings -$25.40M -$19.81M
YoY Change 28.2%
Common Stock $1.726K $31.58K $19.63K
YoY Change -91.21% 27.13%
Preferred Stock
YoY Change
Treasury Stock (at cost) $32.00K $32.00K $32.00K
YoY Change 0.0% 0.0%
Treasury Stock Shares 27.93K shares 558.6K shares 558.6K shares
Shareholders Equity -$6.888M -$6.458M -$6.685M
YoY Change
Total Liabilities & Shareholders Equity $1.692M $1.596M $1.383M
YoY Change 22.34% 9.06%

Cashflow Statement

Concept 2014 Q4 2014 Q3 2013 Q4
OPERATING ACTIVITIES
Net Income -$1.480M -$1.100M
YoY Change -15.55%
Depreciation, Depletion And Amortization $30.00K $20.00K
YoY Change
Cash From Operating Activities -$640.0K -$830.0K
YoY Change
INVESTING ACTIVITIES
Capital Expenditures -$170.0K $0.00
YoY Change
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00
YoY Change
Cash From Investing Activities -$170.0K $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 520.0K 1.150M
YoY Change
NET CHANGE
Cash From Operating Activities -640.0K -830.0K
Cash From Investing Activities -170.0K 0.000
Cash From Financing Activities 520.0K 1.150M
Net Change In Cash -290.0K 320.0K
YoY Change
FREE CASH FLOW
Cash From Operating Activities -$640.0K -$830.0K
Capital Expenditures -$170.0K $0.00
Free Cash Flow -$470.0K -$830.0K
YoY Change

Facts In Submission

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us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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us-gaap Proceeds From Sale Of Property Plant And Equipment
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0 USD
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us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
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brtx Conversion Of Notes Payable And Accrued Interest In To Common Stock
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0 USD
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brtx Reclassification Of Accrued Interest In Connection With Note Payable Issuance
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us-gaap Debt Instrument Convertible Beneficial Conversion Feature
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CY2013Q4 us-gaap Security Deposit
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dei Document Type
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dei Amendment Flag
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dei Document Period End Date
DocumentPeriodEndDate
2014-09-30
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
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dei Entity Registrant Name
EntityRegistrantName
BioRestorative Therapies, Inc.
dei Entity Central Index Key
EntityCentralIndexKey
0001505497
dei Current Fiscal Year End Date
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--12-31
dei Entity Filer Category
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Smaller Reporting Company
dei Trading Symbol
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BRTX
CY2014Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
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us-gaap Payments To Acquire Property Plant And Equipment
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us-gaap Increase Decrease In Deposit Other Assets
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0 USD
us-gaap Increase Decrease In Deposit Other Assets
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45900 USD
CY2014Q3 us-gaap Research And Development Expense
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CY2014Q3 us-gaap Stock Issued During Period Shares New Issues
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us-gaap Debt Conversion Original Debt Amount1
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us-gaap Debt Instrument Maturity Date Range Start1
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2014-07-31
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brtx Settlement Of Accreted Interest
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10000 shares
brtx Class Of Warrant Or Right Aggregate Expense Or Revenue Recognized
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1500 USD
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75000 USD

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