2012 Q1 Form 10-Q Financial Statement
#000121390012002379 Filed on May 10, 2012
Income Statement
| Concept | 2012 Q1 | 2011 Q4 | 2011 Q1 |
|---|---|---|---|
| Revenue | $219.9K | $450.0K | $773.7K |
| YoY Change | -71.58% | -119.4% | -26.32% |
| Cost Of Revenue | -$150.3K | $320.0K | $556.8K |
| YoY Change | -126.99% | -122.38% | -22.67% |
| Gross Profit | $370.1K | $130.0K | $216.9K |
| YoY Change | 70.66% | -114.77% | -34.28% |
| Gross Profit Margin | 168.33% | 28.89% | 28.03% |
| Selling, General & Admin | -$144.6K | $220.0K | $380.3K |
| YoY Change | -138.02% | -159.46% | 52.1% |
| % of Gross Profit | -39.06% | 169.23% | 175.32% |
| Research & Development | |||
| YoY Change | |||
| % of Gross Profit | |||
| Depreciation & Amortization | $0.00 | -$40.00K | $10.00K |
| YoY Change | -100.0% | ||
| % of Gross Profit | 0.0% | -30.77% | 4.61% |
| Operating Expenses | -$144.6K | $210.0K | $380.3K |
| YoY Change | -138.02% | -156.76% | 52.1% |
| Operating Profit | $514.7K | -$80.00K | -$163.4K |
| YoY Change | -415.09% | -84.31% | -304.2% |
| Interest Expense | $0.00 | -$180.0K | $0.00 |
| YoY Change | -1900.0% | ||
| % of Operating Profit | 0.0% | ||
| Other Income/Expense, Net | -$10.00K | $240.0K | -$50.00K |
| YoY Change | -80.0% | 2300.0% | |
| Pretax Income | -$80.00K | -$30.00K | -$210.0K |
| YoY Change | -61.9% | -94.0% | -400.0% |
| Income Tax | $0.00 | $0.00 | $0.00 |
| % Of Pretax Income | |||
| Net Earnings | -$80.00K | -$30.00K | -$210.0K |
| YoY Change | -61.9% | -94.0% | -400.0% |
| Net Earnings / Revenue | -36.38% | -6.67% | -27.14% |
| Basic Earnings Per Share | |||
| Diluted Earnings Per Share | -$775.8M | -$301.3M | -$1.772B |
| COMMON SHARES | |||
| Basic Shares Outstanding | |||
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2012 Q1 | 2011 Q4 | 2011 Q1 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $0.00 | $70.00K | $30.00K |
| YoY Change | -100.0% | 40.0% | -40.0% |
| Cash & Equivalents | |||
| Short-Term Investments | |||
| Other Short-Term Assets | $0.00 | $0.00 | $4.561K |
| YoY Change | -100.0% | -100.0% | |
| Inventory | $50.00K | $60.00K | $610.0K |
| Prepaid Expenses | |||
| Receivables | $100.0K | $240.0K | $370.0K |
| Other Receivables | $0.00 | $0.00 | $530.0K |
| Total Short-Term Assets | $150.0K | $370.0K | $1.550M |
| YoY Change | -90.32% | -81.86% | 39.64% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $0.00 | $0.00 | $60.00K |
| YoY Change | -100.0% | -100.0% | 100.0% |
| Goodwill | |||
| YoY Change | |||
| Intangibles | |||
| YoY Change | |||
| Long-Term Investments | |||
| YoY Change | |||
| Other Assets | $400.0K | $0.00 | $0.00 |
| YoY Change | |||
| Total Long-Term Assets | $410.0K | $0.00 | $90.00K |
| YoY Change | 355.56% | -100.0% | 125.0% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $150.0K | $370.0K | $1.550M |
| Total Long-Term Assets | $410.0K | $0.00 | $90.00K |
| Total Assets | $560.0K | $370.0K | $1.640M |
| YoY Change | -65.85% | -82.63% | 42.61% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $230.0K | $180.0K | $210.0K |
| YoY Change | 9.52% | 50.0% | 250.0% |
| Accrued Expenses | $30.00K | $0.00 | |
| YoY Change | |||
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Long-Term Debt Due | $0.00 | $0.00 | $0.00 |
| YoY Change | -100.0% | ||
| Total Short-Term Liabilities | $616.4K | $474.7K | $1.128M |
| YoY Change | -45.34% | -65.94% | -10.5% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $920.0K | $790.0K | $750.0K |
| YoY Change | 22.67% | 5.33% | |
| Other Long-Term Liabilities | $0.00 | -$40.00K | $0.00 |
| YoY Change | 300.0% | -100.0% | |
| Total Long-Term Liabilities | $920.0K | $750.0K | $750.0K |
| YoY Change | 22.67% | 1.35% | -320.59% |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $616.4K | $474.7K | $1.128M |
| Total Long-Term Liabilities | $920.0K | $750.0K | $750.0K |
| Total Liabilities | $1.540M | $1.220M | $1.880M |
| YoY Change | -18.09% | -42.99% | 104.35% |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | |||
| YoY Change | |||
| Common Stock | $127.6K | $127.6K | $127.6K |
| YoY Change | 0.0% | 0.0% | |
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | |||
| YoY Change | |||
| Treasury Stock Shares | |||
| Shareholders Equity | -$980.0K | -$860.0K | -$240.0K |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $560.0K | $370.0K | $1.640M |
| YoY Change | -65.85% | -82.63% | 42.61% |
Cashflow Statement
| Concept | 2012 Q1 | 2011 Q4 | 2011 Q1 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | -$80.00K | -$30.00K | -$210.0K |
| YoY Change | -61.9% | -94.0% | -400.0% |
| Depreciation, Depletion And Amortization | $0.00 | -$40.00K | $10.00K |
| YoY Change | -100.0% | ||
| Cash From Operating Activities | -$200.0K | -$60.00K | -$10.00K |
| YoY Change | 1900.0% | -107.79% | |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | $0.00 | $0.00 | -$20.00K |
| YoY Change | -100.0% | -100.0% | |
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | |||
| YoY Change | |||
| Cash From Investing Activities | $0.00 | -$80.00K | -$20.00K |
| YoY Change | -100.0% | -89.47% | |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | |||
| YoY Change | |||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | 130.0K | 140.0K | 0.000 |
| YoY Change | |||
| NET CHANGE | |||
| Cash From Operating Activities | -200.0K | -60.00K | -10.00K |
| Cash From Investing Activities | 0.000 | -80.00K | -20.00K |
| Cash From Financing Activities | 130.0K | 140.0K | 0.000 |
| Net Change In Cash | -70.00K | 0.000 | -30.00K |
| YoY Change | 133.33% | -100.0% | |
| FREE CASH FLOW | |||
| Cash From Operating Activities | -$200.0K | -$60.00K | -$10.00K |
| Capital Expenditures | $0.00 | $0.00 | -$20.00K |
| Free Cash Flow | -$200.0K | -$60.00K | $10.00K |
| YoY Change | -2100.0% | -107.69% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2012Q1 | us-gaap |
Due From Related Parties Current
DueFromRelatedPartiesCurrent
|
0 | USD |
| CY2010Q4 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
1106 | USD |
| CY2011Q1 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
4561 | USD |
| CY2010Q4 | us-gaap |
Accounts Payable Trade Current
AccountsPayableTradeCurrent
|
124745 | USD |
| CY2011Q1 | us-gaap |
Accounts Payable Trade Current
AccountsPayableTradeCurrent
|
205295 | USD |
| CY2011Q4 | us-gaap |
Accounts Payable Trade Current
AccountsPayableTradeCurrent
|
181984 | USD |
| CY2012Q1 | us-gaap |
Accounts Payable Trade Current
AccountsPayableTradeCurrent
|
234546 | USD |
| CY2010Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
1393578 | USD |
| CY2011Q1 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
1127659 | USD |
| CY2011Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
474692 | USD |
| CY2012Q1 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
616411 | USD |
| CY2010Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
127570 | USD |
| CY2011Q1 | us-gaap |
Common Stock Value
CommonStockValue
|
127570 | USD |
| CY2011Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
127570 | USD |
| CY2012Q1 | us-gaap |
Common Stock Value
CommonStockValue
|
127570 | USD |
| CY2010 | us-gaap |
Sales Revenue Goods Net
SalesRevenueGoodsNet
|
3577881 | USD |
| CY2011Q1 | us-gaap |
Sales Revenue Goods Net
SalesRevenueGoodsNet
|
773658 | USD |
| CY2011 | us-gaap |
Sales Revenue Goods Net
SalesRevenueGoodsNet
|
1595943 | USD |
| CY2012Q1 | us-gaap |
Sales Revenue Goods Net
SalesRevenueGoodsNet
|
219882 | USD |
| CY2010 | us-gaap |
Cost Of Goods Sold
CostOfGoodsSold
|
2502037 | USD |
| CY2011Q1 | us-gaap |
Cost Of Goods Sold
CostOfGoodsSold
|
556766 | USD |
| CY2011 | us-gaap |
Cost Of Goods Sold
CostOfGoodsSold
|
1341374 | USD |
| CY2012Q1 | us-gaap |
Cost Of Goods Sold
CostOfGoodsSold
|
-150256 | USD |
| CY2010 | us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
504329 | USD |
| CY2011Q1 | us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
293399 | USD |
| CY2011 | us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
578887 | USD |
| CY2012Q1 | us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
-33783 | USD |
| CY2010 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
479064 | USD |
| CY2011Q1 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
86852 | USD |
| CY2011 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
316528 | USD |
| CY2012Q1 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
-110801 | USD |
| CY2010 | tucn |
Other Income And Expenses
OtherIncomeAndExpenses
|
24094 | USD |
| CY2011Q1 | tucn |
Other Income And Expenses
OtherIncomeAndExpenses
|
-46836 | USD |
| CY2011 | tucn |
Other Income And Expenses
OtherIncomeAndExpenses
|
294154 | USD |
| CY2012Q1 | tucn |
Other Income And Expenses
OtherIncomeAndExpenses
|
0 | USD |
| CY2010 | tucn |
Financial Income Expenses
FinancialIncomeExpenses
|
-8294 | USD |
| CY2011Q1 | tucn |
Financial Income Expenses
FinancialIncomeExpenses
|
-1449 | USD |
| CY2011 | tucn |
Financial Income Expenses
FinancialIncomeExpenses
|
0 | USD |
| CY2012Q1 | tucn |
Financial Income Expenses
FinancialIncomeExpenses
|
0 | USD |
| CY2010Q4 | us-gaap |
Receivables Net Current
ReceivablesNetCurrent
|
705225 | USD |
| CY2011Q1 | us-gaap |
Receivables Net Current
ReceivablesNetCurrent
|
365234 | USD |
| CY2011Q4 | us-gaap |
Receivables Net Current
ReceivablesNetCurrent
|
240867 | USD |
| CY2012Q1 | us-gaap |
Receivables Net Current
ReceivablesNetCurrent
|
97257 | USD |
| CY2010Q4 | us-gaap |
Due From Related Parties Current
DueFromRelatedPartiesCurrent
|
863395 | USD |
| CY2011Q1 | us-gaap |
Due From Related Parties Current
DueFromRelatedPartiesCurrent
|
484459 | USD |
| CY2011Q4 | us-gaap |
Due From Related Parties Current
DueFromRelatedPartiesCurrent
|
0 | USD |
| CY2011Q4 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
0 | USD |
| CY2012Q1 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
0 | USD |
| CY2010Q4 | us-gaap |
Defined Benefit Pension Plan Liabilities Noncurrent
DefinedBenefitPensionPlanLiabilitiesNoncurrent
|
0 | USD |
| CY2011Q1 | us-gaap |
Defined Benefit Pension Plan Liabilities Noncurrent
DefinedBenefitPensionPlanLiabilitiesNoncurrent
|
1373 | USD |
| CY2011Q4 | us-gaap |
Defined Benefit Pension Plan Liabilities Noncurrent
DefinedBenefitPensionPlanLiabilitiesNoncurrent
|
0 | USD |
| CY2012Q1 | us-gaap |
Defined Benefit Pension Plan Liabilities Noncurrent
DefinedBenefitPensionPlanLiabilitiesNoncurrent
|
0 | USD |
