2016 Q4 Form 10-K Financial Statement
#000151116417000176 Filed on April 10, 2017
Income Statement
| Concept | 2016 Q4 | 2016 | 2015 Q4 |
|---|---|---|---|
| Revenue | $20.00K | $95.15K | $20.00K |
| YoY Change | 0.0% | -13.84% | 100.0% |
| Cost Of Revenue | |||
| YoY Change | |||
| Gross Profit | |||
| YoY Change | |||
| Gross Profit Margin | |||
| Selling, General & Admin | $60.00K | $436.7K | $130.0K |
| YoY Change | -53.85% | -71.24% | |
| % of Gross Profit | |||
| Research & Development | |||
| YoY Change | |||
| % of Gross Profit | |||
| Depreciation & Amortization | $0.00 | $7.240K | $0.00 |
| YoY Change | 17.34% | ||
| % of Gross Profit | |||
| Operating Expenses | $90.00K | $506.7K | $200.0K |
| YoY Change | -55.0% | -69.92% | 1900.0% |
| Operating Profit | |||
| YoY Change | |||
| Interest Expense | -$250.0K | -$56.23K | -$20.00K |
| YoY Change | 1150.0% | 15.55% | |
| % of Operating Profit | |||
| Other Income/Expense, Net | |||
| YoY Change | |||
| Pretax Income | -$320.0K | -$665.1K | -$160.0K |
| YoY Change | 100.0% | -81.48% | |
| Income Tax | $0.00 | $0.00 | $0.00 |
| % Of Pretax Income | |||
| Net Earnings | -$320.0K | -$665.1K | -$160.0K |
| YoY Change | 100.0% | -81.48% | |
| Net Earnings / Revenue | -1600.0% | -698.95% | -800.0% |
| Basic Earnings Per Share | |||
| Diluted Earnings Per Share | -$2.212K | -$20.56M | -$910.90 |
| COMMON SHARES | |||
| Basic Shares Outstanding | |||
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2016 Q4 | 2016 | 2015 Q4 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $30.00K | $30.19K | $20.00K |
| YoY Change | 50.0% | 64.34% | -80.0% |
| Cash & Equivalents | $30.00K | $30.19K | $20.00K |
| Short-Term Investments | |||
| Other Short-Term Assets | $0.00 | $2.500K | $40.00K |
| YoY Change | -100.0% | -93.7% | |
| Inventory | |||
| Prepaid Expenses | |||
| Receivables | $10.00K | $13.74K | $20.00K |
| Other Receivables | $0.00 | $0.00 | $0.00 |
| Total Short-Term Assets | $50.00K | $46.44K | $80.00K |
| YoY Change | -37.5% | -43.72% | -20.0% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $10.00K | $14.38K | $20.00K |
| YoY Change | -50.0% | -18.48% | |
| Goodwill | |||
| YoY Change | |||
| Intangibles | $25.48K | $29.46K | |
| YoY Change | -13.49% | ||
| Long-Term Investments | |||
| YoY Change | |||
| Other Assets | $10.00K | $11.69K | $10.00K |
| YoY Change | 0.0% | 0.0% | |
| Total Long-Term Assets | $90.00K | $90.54K | $100.0K |
| YoY Change | -10.0% | -7.4% | |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $50.00K | $46.44K | $80.00K |
| Total Long-Term Assets | $90.00K | $90.54K | $100.0K |
| Total Assets | $140.0K | $137.0K | $180.0K |
| YoY Change | -22.22% | -24.03% | 80.0% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $50.00K | $54.71K | $40.00K |
| YoY Change | 25.0% | 46.21% | -50.0% |
| Accrued Expenses | $190.0K | $185.9K | $30.00K |
| YoY Change | 533.33% | 488.32% | |
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $60.00K | $58.32K | $10.00K |
| YoY Change | 500.0% | 629.0% | |
| Long-Term Debt Due | |||
| YoY Change | |||
| Total Short-Term Liabilities | $650.0K | $651.6K | $80.00K |
| YoY Change | 712.5% | 746.08% | 0.0% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Other Long-Term Liabilities | |||
| YoY Change | |||
| Total Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $650.0K | $651.6K | $80.00K |
| Total Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
| Total Liabilities | $650.0K | $651.6K | $80.00K |
| YoY Change | 712.5% | 746.08% | 0.0% |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | |||
| YoY Change | |||
| Common Stock | $11.89M | $11.84M | |
| YoY Change | 0.4% | ||
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | |||
| YoY Change | |||
| Treasury Stock Shares | |||
| Shareholders Equity | -$510.0K | -$514.6K | $100.0K |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $140.0K | $137.0K | $180.0K |
| YoY Change | -22.22% | -24.03% | 80.0% |
Cashflow Statement
| Concept | 2016 Q4 | 2016 | 2015 Q4 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | -$320.0K | -$665.1K | -$160.0K |
| YoY Change | 100.0% | -81.48% | |
| Depreciation, Depletion And Amortization | $0.00 | $7.240K | $0.00 |
| YoY Change | 17.34% | ||
| Cash From Operating Activities | -$40.00K | -$142.4K | -$100.0K |
| YoY Change | -60.0% | -57.79% | |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | $0.00 | $0.00 | -$20.00K |
| YoY Change | -100.0% | -100.0% | |
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | $0.00 | $0.00 | $0.00 |
| YoY Change | -100.0% | ||
| Cash From Investing Activities | $0.00 | $0.00 | -$20.00K |
| YoY Change | -100.0% | -100.0% | |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | |||
| YoY Change | |||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | 60.00K | 154.3K | -20.00K |
| YoY Change | -400.0% | -45.88% | -120.0% |
| NET CHANGE | |||
| Cash From Operating Activities | -40.00K | -142.4K | -100.0K |
| Cash From Investing Activities | 0.000 | 0.000 | -20.00K |
| Cash From Financing Activities | 60.00K | 154.3K | -20.00K |
| Net Change In Cash | 20.00K | 11.82K | -140.0K |
| YoY Change | -114.29% | -114.4% | -240.0% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | -$40.00K | -$142.4K | -$100.0K |
| Capital Expenditures | $0.00 | $0.00 | -$20.00K |
| Free Cash Flow | -$40.00K | -$142.4K | -$80.00K |
| YoY Change | -50.0% | -55.3% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2018 | us-gaap |
Lease And Rental Expense
LeaseAndRentalExpense
|
27900 | USD |
| CY2015Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
| CY2016 | fil |
Gain On Sale Of Company
GainOnSaleOfCompany
|
USD | |
| CY2016Q4 | us-gaap |
Allowance For Doubtful Accounts Premiums And Other Receivables
AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables
|
13742 | USD |
| CY2016Q4 | us-gaap |
Property Plant And Equipment Other Accumulated Depreciation
PropertyPlantAndEquipmentOtherAccumulatedDepreciation
|
14375 | USD |
| CY2016Q4 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
25481 | USD |
| CY2016Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
| CY2016 | fil |
Consulting Fees
ConsultingFees
|
99913 | USD |
| CY2016 | us-gaap |
Interest Expense
InterestExpense
|
-56234 | USD |
| CY2016Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
11889505 | USD |
| CY2016Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
103664 | USD |
| CY2015Q4 | us-gaap |
Allowance For Doubtful Accounts Premiums And Other Receivables
AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables
|
24473 | USD |
| CY2015Q4 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
29455 | USD |
| CY2015Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
103664 | USD |
| CY2015Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
11842331 | USD |
| CY2015Q4 | us-gaap |
Property Plant And Equipment Other Accumulated Depreciation
PropertyPlantAndEquipmentOtherAccumulatedDepreciation
|
17642 | USD |
| CY2015 | fil |
Gain On Sale Of Company
GainOnSaleOfCompany
|
-27500 | USD |
| CY2016 | fil |
Cash Received From Acquisition
CashReceivedFromAcquisition
|
USD | |
| CY2015 | fil |
Cash Received From Acquisition
CashReceivedFromAcquisition
|
563 | USD |
| CY2016 | fil |
Investment In Company
InvestmentInCompany
|
USD | |
| CY2015 | fil |
Investment In Company
InvestmentInCompany
|
-11500 | USD |
| CY2016 | fil |
Issuance Of Common Stock For Acquisition
IssuanceOfCommonStockForAcquisition
|
USD | |
| CY2015 | fil |
Issuance Of Common Stock For Acquisition
IssuanceOfCommonStockForAcquisition
|
1998911 | USD |
| CY2016 | fil |
Receipt Of Note Receivable
ReceiptOfNoteReceivable
|
USD | |
| CY2015 | fil |
Receipt Of Note Receivable
ReceiptOfNoteReceivable
|
39000 | USD |
| CY2016 | us-gaap |
Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
|
180448 | USD |
| CY2015 | us-gaap |
Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
|
851250 | USD |
| CY2015 | fil |
Consulting Fees
ConsultingFees
|
488574 | USD |
| CY2016 | us-gaap |
Professional Fees
ProfessionalFees
|
47207 | USD |
| CY2015 | us-gaap |
Professional Fees
ProfessionalFees
|
90735 | USD |
| CY2016 | fil |
Gain On Sale
GainOnSale
|
USD | |
| CY2015 | fil |
Gain On Sale
GainOnSale
|
27500 | USD |
| CY2015 | us-gaap |
Interest Expense
InterestExpense
|
-48666 | USD |
