2015 Q2 Form 10-Q Financial Statement
#000148500315000005 Filed on August 13, 2015
Income Statement
Concept | 2015 Q2 | 2014 Q2 |
---|---|---|
Revenue | $114.0K | $761.0K |
YoY Change | -85.02% | 276.73% |
Cost Of Revenue | ||
YoY Change | ||
Gross Profit | ||
YoY Change | ||
Gross Profit Margin | ||
Selling, General & Admin | $2.250M | $2.050M |
YoY Change | 9.76% | 132.95% |
% of Gross Profit | ||
Research & Development | $6.269M | $6.754M |
YoY Change | -7.18% | 149.78% |
% of Gross Profit | ||
Depreciation & Amortization | $90.00K | $110.0K |
YoY Change | -18.18% | 0.0% |
% of Gross Profit | ||
Operating Expenses | $8.516M | $8.806M |
YoY Change | -3.29% | 145.63% |
Operating Profit | -$8.402M | -$8.045M |
YoY Change | 4.44% | 137.81% |
Interest Expense | -$330.0K | -$79.00K |
YoY Change | 317.72% | -42.34% |
% of Operating Profit | ||
Other Income/Expense, Net | $1.496M | -$76.00K |
YoY Change | -2068.42% | -69.72% |
Pretax Income | -$6.910M | -$8.120M |
YoY Change | -14.9% | 123.69% |
Income Tax | $0.00 | |
% Of Pretax Income | ||
Net Earnings | -$6.906M | -$8.121M |
YoY Change | -14.96% | 123.47% |
Net Earnings / Revenue | -6057.89% | -1067.15% |
Basic Earnings Per Share | ||
Diluted Earnings Per Share | -$362.0K | -$505.6K |
COMMON SHARES | ||
Basic Shares Outstanding | 19.37M shares | 16.26M shares |
Diluted Shares Outstanding |
Balance Sheet
Concept | 2015 Q2 | 2014 Q2 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $53.50M | $45.00M |
YoY Change | 18.89% | 533.8% |
Cash & Equivalents | $53.49M | $45.03M |
Short-Term Investments | ||
Other Short-Term Assets | $900.0K | $1.000M |
YoY Change | -10.0% | 66.67% |
Inventory | ||
Prepaid Expenses | ||
Receivables | ||
Other Receivables | ||
Total Short-Term Assets | $54.43M | $46.03M |
YoY Change | 18.25% | 497.83% |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $580.0K | $682.0K |
YoY Change | -14.96% | -31.8% |
Goodwill | ||
YoY Change | ||
Intangibles | ||
YoY Change | ||
Long-Term Investments | ||
YoY Change | ||
Other Assets | $16.00K | $15.00K |
YoY Change | 6.67% | |
Total Long-Term Assets | $690.0K | $791.0K |
YoY Change | -12.77% | -20.9% |
TOTAL ASSETS | ||
Total Short-Term Assets | $54.43M | $46.03M |
Total Long-Term Assets | $690.0K | $791.0K |
Total Assets | $55.12M | $46.82M |
YoY Change | 17.72% | 438.21% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $1.880M | $2.602M |
YoY Change | -27.75% | 271.71% |
Accrued Expenses | $618.0K | $1.140M |
YoY Change | -45.79% | 280.0% |
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | $0.00 | $0.00 |
YoY Change | -100.0% | |
Long-Term Debt Due | $2.500M | $1.600M |
YoY Change | 56.25% | 23.08% |
Total Short-Term Liabilities | $5.472M | $6.027M |
YoY Change | -9.21% | -10.04% |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $12.20M | $2.100M |
YoY Change | 480.95% | -43.24% |
Other Long-Term Liabilities | $164.0K | $100.0K |
YoY Change | 64.0% | -90.0% |
Total Long-Term Liabilities | $164.0K | $2.200M |
YoY Change | -92.55% | -53.19% |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $5.472M | $6.027M |
Total Long-Term Liabilities | $164.0K | $2.200M |
Total Liabilities | $5.636M | $8.200M |
YoY Change | -31.27% | -28.07% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | -$105.2M | -$72.94M |
YoY Change | 44.21% | |
Common Stock | $19.00K | $16.00K |
YoY Change | 18.75% | |
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | ||
YoY Change | ||
Treasury Stock Shares | ||
Shareholders Equity | $37.22M | $38.62M |
YoY Change | ||
Total Liabilities & Shareholders Equity | $55.12M | $46.82M |
YoY Change | 17.72% | 438.21% |
Cashflow Statement
Concept | 2015 Q2 | 2014 Q2 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | -$6.906M | -$8.121M |
YoY Change | -14.96% | 123.47% |
Depreciation, Depletion And Amortization | $90.00K | $110.0K |
YoY Change | -18.18% | 0.0% |
Cash From Operating Activities | -$9.030M | -$8.450M |
YoY Change | 6.86% | 359.24% |
INVESTING ACTIVITIES | ||
Capital Expenditures | -$260.0K | -$80.00K |
YoY Change | 225.0% | |
Acquisitions | ||
YoY Change | ||
Other Investing Activities | ||
YoY Change | ||
Cash From Investing Activities | -$260.0K | -$80.00K |
YoY Change | 225.0% | |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | ||
YoY Change | ||
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | 17.23M | -410.0K |
YoY Change | -4302.44% | -111.82% |
NET CHANGE | ||
Cash From Operating Activities | -9.030M | -8.450M |
Cash From Investing Activities | -260.0K | -80.00K |
Cash From Financing Activities | 17.23M | -410.0K |
Net Change In Cash | 7.940M | -8.940M |
YoY Change | -188.81% | -648.47% |
FREE CASH FLOW | ||
Cash From Operating Activities | -$9.030M | -$8.450M |
Capital Expenditures | -$260.0K | -$80.00K |
Free Cash Flow | -$8.770M | -$8.370M |
YoY Change | 4.78% | 354.89% |
Facts In Submission
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2015 | ||
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251000 | USD |
CY2014Q4 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
0 | USD |
CY2015Q2 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
2000 | USD |
CY2014Q4 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
19000 | USD |
CY2015Q2 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
16000 | USD |
CY2014Q4 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
4000 | USD |
CY2015Q2 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
164000 | USD |
CY2014Q2 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
3000 | USD |
us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
54000 | USD | |
CY2015Q2 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
1826000 | USD |
us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
3134000 | USD | |
us-gaap |
Paid In Kind Interest
PaidInKindInterest
|
18000 | USD | |
us-gaap |
Paid In Kind Interest
PaidInKindInterest
|
26000 | USD | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
132000 | USD | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
286000 | USD | |
CY2014Q2 | us-gaap |
Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
|
0 | USD |
us-gaap |
Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
|
519000 | USD | |
CY2015Q2 | us-gaap |
Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
|
0 | USD |
us-gaap |
Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
|
0 | USD | |
CY2014Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.001 | |
CY2015Q2 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.001 | |
CY2014Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
5000000 | shares |
CY2015Q2 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
5000000 | shares |
CY2014Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2015Q2 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2014Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
CY2015Q2 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
CY2014Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
0 | USD |
CY2015Q2 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
0 | USD |
CY2014Q4 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
342000 | USD |
CY2015Q2 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
938000 | USD |
us-gaap |
Proceeds From Collaborators
ProceedsFromCollaborators
|
1750000 | USD | |
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
51505000 | USD | |
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
12172000 | USD | |
us-gaap |
Proceeds From Notes Payable
ProceedsFromNotesPayable
|
0 | USD | |
us-gaap |
Proceeds From Notes Payable
ProceedsFromNotesPayable
|
5000000 | USD | |
us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
12573000 | USD | |
CY2015Q2 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
6269000 | USD |
us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
11507000 | USD | |
CY2014Q4 | us-gaap |
Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
|
94000 | USD |
us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
32000 | USD | |
us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
56000 | USD | |
CY2014Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
486000 | USD |
CY2015Q2 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
580000 | USD |
us-gaap |
Repayments Of Notes Payable
RepaymentsOfNotesPayable
|
833000 | USD | |
us-gaap |
Repayments Of Notes Payable
RepaymentsOfNotesPayable
|
0 | USD | |
CY2014Q2 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
6754000 | USD |
CY2015Q2 | us-gaap |
Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
|
94000 | USD |
CY2014Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-91750000 | USD |
CY2015Q2 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-105180000 | USD |
CY2014Q2 | us-gaap |
Revenues
Revenues
|
761000 | USD |
us-gaap |
Revenues
Revenues
|
1329000 | USD | |
CY2015Q2 | us-gaap |
Revenues
Revenues
|
114000 | USD |
us-gaap |
Revenues
Revenues
|
358000 | USD | |
CY2014Q2 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
501000 | USD |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
1137000 | USD | |
CY2015Q2 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
602000 | USD |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
1266000 | USD | |
CY2015Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
|
740977 | shares |
CY2015Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
|
4.68 | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
|
54608 | shares | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
744328 | shares | |
CY2014Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
1438528 | shares |
CY2015Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
2060334 | shares |
CY2014Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
4.93 | |
CY2015Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
6.48 | |
CY2015Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
|
1733902 | shares |
CY2015Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
|
6.90 | |
us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
|
0.80 | ||
us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
|
7.77 | ||
us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
|
9.05 | ||
us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
|
P7Y4M2D | ||
CY2014 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
|
P7Y10M10D | |
us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
|
P8Y2M1D | ||
us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
|
P8Y4M10D | ||
us-gaap |
Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
67914 | shares | |
CY2014Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
36826000 | USD |
CY2015Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
37219000 | USD |
CY2014Q2 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
16055000 | shares |
us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
13000 | shares | |
CY2015Q2 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
19087000 | shares |
us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
18532000 | shares |