2018 Q2 Form 10-Q Financial Statement
#000148500318000058 Filed on May 15, 2018
Income Statement
Concept | 2018 Q2 | 2018 Q1 | 2017 Q1 |
---|---|---|---|
Revenue | $0.00 | $0.00 | $0.00 |
YoY Change | -100.0% | ||
Cost Of Revenue | |||
YoY Change | |||
Gross Profit | |||
YoY Change | |||
Gross Profit Margin | |||
Selling, General & Admin | $2.350M | $1.950M | $2.210M |
YoY Change | 4.91% | -11.76% | 2.79% |
% of Gross Profit | |||
Research & Development | $2.779M | $3.255M | $2.874M |
YoY Change | -4.47% | 13.26% | -37.95% |
% of Gross Profit | |||
Depreciation & Amortization | $50.00K | $50.00K | $80.00K |
YoY Change | -44.44% | -37.5% | 60.0% |
% of Gross Profit | |||
Operating Expenses | $9.030M | $4.007M | $6.587M |
YoY Change | 22.86% | -39.17% | -2.83% |
Operating Profit | -$9.030M | -$4.007M | -$6.162M |
YoY Change | 22.86% | -34.97% | -5.92% |
Interest Expense | $0.00 | ||
YoY Change | -100.0% | ||
% of Operating Profit | |||
Other Income/Expense, Net | $72.00K | $44.00K | $101.0K |
YoY Change | 111.76% | -56.44% | -109.86% |
Pretax Income | -$8.960M | -$3.960M | -$6.060M |
YoY Change | 22.4% | -34.65% | -19.95% |
Income Tax | |||
% Of Pretax Income | |||
Net Earnings | -$8.958M | -$3.963M | -$6.061M |
YoY Change | 22.44% | -34.61% | -19.98% |
Net Earnings / Revenue | |||
Basic Earnings Per Share | |||
Diluted Earnings Per Share | -$158.8K | -$111.0K | -$246.2K |
COMMON SHARES | |||
Basic Shares Outstanding | 48.39M shares | 43.11M shares | 24.70M shares |
Diluted Shares Outstanding |
Balance Sheet
Concept | 2018 Q2 | 2018 Q1 | 2017 Q1 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $63.00M | $19.70M | $20.30M |
YoY Change | 298.73% | -2.96% | 51.49% |
Cash & Equivalents | $62.96M | $19.69M | $20.27M |
Short-Term Investments | |||
Other Short-Term Assets | $800.0K | $600.0K | $700.0K |
YoY Change | 14.29% | -14.29% | 75.0% |
Inventory | |||
Prepaid Expenses | |||
Receivables | |||
Other Receivables | |||
Total Short-Term Assets | $63.77M | $20.33M | $20.98M |
YoY Change | 287.45% | -3.12% | 51.96% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $421.0K | $473.0K | $714.0K |
YoY Change | -33.39% | -33.75% | 102.27% |
Goodwill | $13.06M | $13.06M | $16.86M |
YoY Change | -24.79% | -22.53% | |
Intangibles | $46.40M | $46.40M | $60.50M |
YoY Change | -23.31% | -23.31% | |
Long-Term Investments | |||
YoY Change | |||
Other Assets | $41.00K | $19.00K | $0.00 |
YoY Change | -46.75% | ||
Total Long-Term Assets | $59.95M | $59.97M | $78.09M |
YoY Change | -23.72% | -23.21% | 14717.46% |
TOTAL ASSETS | |||
Total Short-Term Assets | $63.77M | $20.33M | $20.98M |
Total Long-Term Assets | $59.95M | $59.97M | $78.09M |
Total Assets | $123.7M | $80.29M | $99.07M |
YoY Change | 30.16% | -18.95% | 591.19% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $1.310M | $1.393M | $1.214M |
YoY Change | 5.22% | 14.74% | -23.55% |
Accrued Expenses | $3.223M | $3.853M | $1.897M |
YoY Change | 29.33% | 103.11% | 286.35% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $4.533M | $5.246M | $3.226M |
YoY Change | 17.59% | 62.62% | 41.37% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Other Long-Term Liabilities | $288.0K | $260.0K | $46.60M |
YoY Change | 94.59% | -99.44% | 57430.86% |
Total Long-Term Liabilities | $288.0K | $260.0K | $46.60M |
YoY Change | 94.59% | -99.44% | 57430.86% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $4.533M | $5.246M | $3.226M |
Total Long-Term Liabilities | $288.0K | $260.0K | $46.60M |
Total Liabilities | $4.821M | $5.506M | $66.20M |
YoY Change | 20.43% | -91.68% | 2701.52% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$165.3M | -$156.3M | -$129.4M |
YoY Change | 20.94% | 20.79% | -2.54% |
Common Stock | $77.00K | $43.00K | $25.00K |
YoY Change | 208.0% | 72.0% | 25.0% |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $64.06M | $23.86M | $32.91M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $123.7M | $80.29M | $99.07M |
YoY Change | 30.16% | -18.95% | 591.19% |
Cashflow Statement
Concept | 2018 Q2 | 2018 Q1 | 2017 Q1 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$8.958M | -$3.963M | -$6.061M |
YoY Change | 22.44% | -34.61% | -19.98% |
Depreciation, Depletion And Amortization | $50.00K | $50.00K | $80.00K |
YoY Change | -44.44% | -37.5% | 60.0% |
Cash From Operating Activities | -$5.600M | -$4.383M | -$5.195M |
YoY Change | 24.17% | -15.63% | -39.24% |
INVESTING ACTIVITIES | |||
Capital Expenditures | |||
YoY Change | |||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $0.00 | $10.00K | $80.00K |
YoY Change | -100.0% | -87.5% | |
Cash From Investing Activities | $0.00 | $5.000K | $76.00K |
YoY Change | -100.0% | -93.42% | |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | $9.376M | $0.00 | |
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 48.88M | $9.386M | $45.00K |
YoY Change | 20757.78% | -100.32% | |
NET CHANGE | |||
Cash From Operating Activities | -5.600M | -$4.383M | -$5.195M |
Cash From Investing Activities | 0.000 | $5.000K | $76.00K |
Cash From Financing Activities | 48.88M | $9.386M | $45.00K |
Net Change In Cash | 43.28M | $5.008M | -$5.074M |
YoY Change | -1057.52% | -198.7% | -77.61% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$5.600M | -$4.383M | -$5.195M |
Capital Expenditures | |||
Free Cash Flow | |||
YoY Change |
Facts In Submission
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CY2018Q1 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
638000 | USD |
CY2017Q1 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
0 | USD |
CY2018Q1 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
9376000 | USD |
CY2017Q1 | us-gaap |
Proceeds From Sale Of Machinery And Equipment
ProceedsFromSaleOfMachineryAndEquipment
|
76000 | USD |
CY2018Q1 | us-gaap |
Proceeds From Sale Of Machinery And Equipment
ProceedsFromSaleOfMachineryAndEquipment
|
5000 | USD |
CY2017Q1 | us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
40000 | USD |
CY2018Q1 | us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
0 | USD |
CY2017Q1 | us-gaap |
Proceeds From Stock Plans
ProceedsFromStockPlans
|
5000 | USD |
CY2018Q1 | us-gaap |
Proceeds From Stock Plans
ProceedsFromStockPlans
|
10000 | USD |
CY2017Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
522000 | USD |
CY2018Q1 | us-gaap |
Revenues
Revenues
|
0 | USD |
CY2018Q1 | us-gaap |
Sale Of Stock Consideration Received On Transaction
SaleOfStockConsiderationReceivedOnTransaction
|
9000000 | USD |
CY2018Q1 | us-gaap |
Sale Of Stock Number Of Shares Issued In Transaction
SaleOfStockNumberOfSharesIssuedInTransaction
|
7968128 | shares |
CY2018Q1 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
473000 | USD |
CY2017Q1 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
2874000 | USD |
CY2018Q1 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
3255000 | USD |
CY2017Q4 | us-gaap |
Restricted Cash
RestrictedCash
|
10000 | USD |
CY2018Q1 | us-gaap |
Restricted Cash
RestrictedCash
|
10000 | USD |
CY2017Q4 | us-gaap |
Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
|
10000 | USD |
CY2018Q1 | us-gaap |
Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
|
10000 | USD |
CY2017Q4 | us-gaap |
Restructuring And Related Cost Expected Cost1
RestructuringAndRelatedCostExpectedCost1
|
100000 | USD |
CY2017Q4 | us-gaap |
Restructuring Reserve
RestructuringReserve
|
111000 | USD |
CY2018Q1 | us-gaap |
Restructuring Reserve
RestructuringReserve
|
58000 | USD |
CY2017Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-152331000 | USD |
CY2018Q1 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-156294000 | USD |
CY2018Q1 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-156300000 | USD |
CY2018Q1 | us-gaap |
Revenue Recognition Milestone Method Revenue Recognized
RevenueRecognitionMilestoneMethodRevenueRecognized
|
0 | USD |
CY2018Q1 | us-gaap |
Sale Of Stock Price Per Share
SaleOfStockPricePerShare
|
1.13 | |
CY2017Q1 | us-gaap |
Sales Revenue Net
SalesRevenueNet
|
425000 | USD |
CY2018Q1 | us-gaap |
Sales Revenue Net
SalesRevenueNet
|
0 | USD |
CY2018Q1 | us-gaap |
Severance Costs1
SeveranceCosts1
|
100000 | USD |
CY2017Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
244000 | USD |
CY2018Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
401000 | USD |
CY2018Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
|
1580060 | shares |
CY2018Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
|
3.79 | |
CY2018Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
|
150292 | shares |
CY2018Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
102500 | shares |
CY2017Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
2695796 | shares |
CY2018Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
2648004 | shares |
CY2017Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
3.16 | |
CY2018Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
3.13 | |
CY2018Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
|
2586804 | shares |
CY2018Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
|
3.16 | |
CY2018Q1 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
|
0.00 | |
CY2018Q1 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
|
2.20 | |
CY2018Q1 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
|
0.93 | |
CY2018Q1 | us-gaap |
Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
0 | shares |
CY2017Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
18034000 | USD |
CY2018Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
23858000 | USD |
CY2017Q1 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
24610000 | shares |
CY2018Q1 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
35674000 | shares |