2018 Q4 Form 10-Q Financial Statement
#000148500318000120 Filed on November 09, 2018
Income Statement
Concept | 2018 Q4 | 2018 Q3 | 2017 Q3 |
---|---|---|---|
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 | $3.500M | $3.830M | $1.630M |
YoY Change | 75.88% | 134.97% | -74.41% |
% of Gross Profit | |||
Research & Development | $4.670M | $3.372M | $3.619M |
YoY Change | 50.16% | -6.83% | 31.41% |
% of Gross Profit | |||
Depreciation & Amortization | $50.00K | $60.00K | $50.00K |
YoY Change | -28.57% | 20.0% | 150.0% |
% of Gross Profit | |||
Operating Expenses | $7.066M | $14.40M | $9.150M |
YoY Change | 7.17% | 57.34% | 0.33% |
Operating Profit | -$7.066M | -$14.40M | -$9.150M |
YoY Change | 7.17% | 57.34% | -146.85% |
Interest Expense | $0.00 | $0.00 | |
YoY Change | |||
% of Operating Profit | |||
Other Income/Expense, Net | $310.0K | $382.0K | $45.00K |
YoY Change | 520.0% | 748.89% | -204.65% |
Pretax Income | -$6.760M | -$14.02M | -$9.110M |
YoY Change | 3.21% | 53.9% | -146.74% |
Income Tax | $0.00 | ||
% Of Pretax Income | |||
Net Earnings | -$6.757M | -$14.02M | -$9.105M |
YoY Change | 3.21% | 53.93% | -146.72% |
Net Earnings / Revenue | |||
Basic Earnings Per Share | -$0.37 | ||
Diluted Earnings Per Share | -$87.20K | -$182.0K | -$0.37 |
COMMON SHARES | |||
Basic Shares Outstanding | 77.46M shares | 77.01M shares | 24.69M shares |
Diluted Shares Outstanding | 24.69M shares |
Balance Sheet
Concept | 2018 Q4 | 2018 Q3 | 2017 Q3 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $50.40M | $57.90M | $11.30M |
YoY Change | 242.86% | 412.39% | -63.19% |
Cash & Equivalents | $50.42M | $57.86M | $11.34M |
Short-Term Investments | |||
Other Short-Term Assets | $1.300M | $1.500M | $800.0K |
YoY Change | 333.33% | 87.5% | -27.27% |
Inventory | |||
Prepaid Expenses | |||
Receivables | |||
Other Receivables | |||
Total Short-Term Assets | $51.76M | $59.39M | $12.11M |
YoY Change | 245.48% | 390.46% | -61.94% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $321.0K | $365.0K | $585.0K |
YoY Change | -38.51% | -37.61% | -34.56% |
Goodwill | $13.06M | $13.06M | $13.06M |
YoY Change | 0.0% | 0.0% | 26.69% |
Intangibles | $46.40M | $46.40M | $46.40M |
YoY Change | 0.0% | 0.0% | 28.18% |
Long-Term Investments | |||
YoY Change | |||
Other Assets | $0.00 | $61.00K | $101.0K |
YoY Change | -100.0% | -39.6% | -71.14% |
Total Long-Term Assets | $59.81M | $59.91M | $60.16M |
YoY Change | -0.52% | -0.42% | 25.95% |
TOTAL ASSETS | |||
Total Short-Term Assets | $51.76M | $59.39M | $12.11M |
Total Long-Term Assets | $59.81M | $59.91M | $60.16M |
Total Assets | $111.6M | $119.3M | $72.27M |
YoY Change | 48.56% | 65.07% | -9.19% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $1.367M | $1.391M | $1.366M |
YoY Change | 50.72% | 1.83% | -22.43% |
Accrued Expenses | $4.746M | $5.170M | $2.915M |
YoY Change | 24.47% | 77.36% | 16.97% |
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 | $6.113M | $6.561M | $4.404M |
YoY Change | 29.51% | 48.98% | -29.7% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Other Long-Term Liabilities | $313.0K | $311.0K | $170.0K |
YoY Change | 45.58% | 82.94% | |
Total Long-Term Liabilities | $313.0K | $311.0K | $170.0K |
YoY Change | 45.58% | 82.94% | |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $6.113M | $6.561M | $4.404M |
Total Long-Term Liabilities | $313.0K | $311.0K | $170.0K |
Total Liabilities | $67.35M | $6.872M | $4.574M |
YoY Change | 1264.82% | 50.24% | -26.99% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$186.0M | -$179.3M | -$145.8M |
YoY Change | 22.12% | 22.98% | 21.72% |
Common Stock | $77.00K | $77.00K | $25.00K |
YoY Change | 120.0% | 208.0% | 4.17% |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $44.21M | $50.40M | $17.07M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $111.6M | $119.3M | $72.27M |
YoY Change | 48.56% | 65.07% | -9.19% |
Cashflow Statement
Concept | 2018 Q4 | 2018 Q3 | 2017 Q3 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$6.757M | -$14.02M | -$9.105M |
YoY Change | 3.21% | 53.93% | -146.72% |
Depreciation, Depletion And Amortization | $50.00K | $60.00K | $50.00K |
YoY Change | -28.57% | 20.0% | 150.0% |
Cash From Operating Activities | -$7.650M | -$5.200M | -$4.430M |
YoY Change | 110.74% | 17.38% | -120.41% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $0.00 | ||
YoY Change | |||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | -$10.00K | $0.00 | $10.00K |
YoY Change | -150.0% | -100.0% | -97.62% |
Cash From Investing Activities | -$10.00K | $0.00 | $10.00K |
YoY Change | -150.0% | -100.0% | -97.62% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 220.0K | 90.00K | 0.000 |
YoY Change | -96.84% | -100.0% | |
NET CHANGE | |||
Cash From Operating Activities | -7.650M | -5.200M | -4.430M |
Cash From Investing Activities | -10.00K | 0.000 | 10.00K |
Cash From Financing Activities | 220.0K | 90.00K | 0.000 |
Net Change In Cash | -7.440M | -5.110M | -4.420M |
YoY Change | -322.09% | 15.61% | -119.87% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$7.650M | -$5.200M | -$4.430M |
Capital Expenditures | $0.00 | ||
Free Cash Flow | -$7.650M | ||
YoY Change |
Facts In Submission
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Current Fiscal Year End Date
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|
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Q3 | ||
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Document Fiscal Year Focus
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2018 | ||
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Amendment Flag
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false | ||
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Document Period End Date
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|
2018-09-30 | ||
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Document Type
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10-Q | ||
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OtherAssetsNoncurrent
|
120000 | USD |
CY2018Q3 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
CY2017Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
0 | USD |
CY2017Q4 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
215000 | USD |
CY2018Q3 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
311000 | USD |
CY2017Q3 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
45000 | USD |
us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
180000 | USD | |
CY2018Q3 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
382000 | USD |
us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
498000 | USD | |
us-gaap |
Payments For Restructuring
PaymentsForRestructuring
|
111000 | USD | |
CY2017Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.001 | |
CY2018Q3 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.001 | |
CY2017Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
5000000 | shares |
CY2018Q3 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
5000000 | shares |
CY2017Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2018Q3 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2017Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
CY2018Q3 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
0 | USD |
CY2017Q4 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
301000 | USD |
CY2018Q3 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
1529000 | USD |
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
0 | USD | |
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
58286000 | USD | |
us-gaap |
Proceeds From Sale Of Machinery And Equipment
ProceedsFromSaleOfMachineryAndEquipment
|
84000 | USD | |
us-gaap |
Proceeds From Sale Of Machinery And Equipment
ProceedsFromSaleOfMachineryAndEquipment
|
5000 | USD | |
us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
40000 | USD | |
us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
56000 | USD | |
us-gaap |
Proceeds From Stock Plans
ProceedsFromStockPlans
|
12000 | USD | |
us-gaap |
Proceeds From Stock Plans
ProceedsFromStockPlans
|
21000 | USD | |
us-gaap |
Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
|
7300000 | USD | |
CY2017Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
522000 | USD |
CY2018Q3 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
365000 | USD |
CY2017Q3 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
3619000 | USD |
us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
9402000 | USD | |
CY2018Q3 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
3372000 | USD |
us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
9406000 | USD | |
CY2017Q4 | us-gaap |
Restricted Cash
RestrictedCash
|
10000 | USD |
CY2018Q3 | us-gaap |
Restricted Cash
RestrictedCash
|
20000 | USD |
CY2017Q4 | us-gaap |
Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
|
10000 | USD |
CY2018Q3 | us-gaap |
Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
|
20000 | USD |
CY2017Q4 | us-gaap |
Restructuring And Related Cost Expected Cost1
RestructuringAndRelatedCostExpectedCost1
|
100000 | USD |
CY2017Q4 | us-gaap |
Restructuring Reserve
RestructuringReserve
|
111000 | USD |
CY2018Q3 | us-gaap |
Restructuring Reserve
RestructuringReserve
|
0 | USD |
CY2017Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-152331000 | USD |
CY2018Q3 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-179267000 | USD |
CY2018Q3 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-179300000 | USD |
CY2018Q3 | us-gaap |
Revenue Recognition Milestone Method Revenue Recognized
RevenueRecognitionMilestoneMethodRevenueRecognized
|
0 | USD |
CY2017Q3 | us-gaap |
Revenues
Revenues
|
0 | USD |
CY2018Q2 | us-gaap |
Sale Of Stock Price Per Share
SaleOfStockPricePerShare
|
1.80 | |
us-gaap |
Revenues
Revenues
|
425000 | USD | |
CY2018Q3 | us-gaap |
Revenues
Revenues
|
0 | USD |
CY2018Q3 | us-gaap |
Revenues
Revenues
|
0 | USD |
us-gaap |
Revenues
Revenues
|
0 | USD | |
CY2018Q1 | us-gaap |
Sale Of Stock Consideration Received On Transaction
SaleOfStockConsiderationReceivedOnTransaction
|
9000000 | USD |
CY2018Q2 | us-gaap |
Sale Of Stock Consideration Received On Transaction
SaleOfStockConsiderationReceivedOnTransaction
|
41900000 | USD |
us-gaap |
Sale Of Stock Consideration Received On Transaction
SaleOfStockConsiderationReceivedOnTransaction
|
50900000 | USD | |
CY2018Q1 | us-gaap |
Sale Of Stock Number Of Shares Issued In Transaction
SaleOfStockNumberOfSharesIssuedInTransaction
|
7968128 | shares |
CY2018Q2 | us-gaap |
Sale Of Stock Number Of Shares Issued In Transaction
SaleOfStockNumberOfSharesIssuedInTransaction
|
25555556 | shares |
CY2018Q1 | us-gaap |
Sale Of Stock Price Per Share
SaleOfStockPricePerShare
|
1.13 | |
us-gaap |
Severance Costs1
SeveranceCosts1
|
100000 | USD | |
CY2017Q3 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
253000 | USD |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
819000 | USD | |
CY2018Q3 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
248000 | USD |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
935000 | USD | |
CY2018Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
|
1868379 | shares |
CY2018Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
|
3.35 | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
|
1111941 | shares | |
CY2017Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
2695796 | shares |
CY2018Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
4568352 | shares |
CY2017Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
3.16 | |
CY2018Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
2.42 | |
us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
|
0.79 | ||
us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
|
2.40 | ||
us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
|
1.72 | ||
us-gaap |
Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
71403 | shares | |
CY2017Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
18034000 | USD |
CY2018Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
50395000 | USD |
CY2017Q4 | us-gaap |
Supplemental Unemployment Benefits Severance Benefits
SupplementalUnemploymentBenefitsSeveranceBenefits
|
0 | USD |
CY2018Q3 | us-gaap |
Supplemental Unemployment Benefits Severance Benefits
SupplementalUnemploymentBenefitsSeveranceBenefits
|
660000 | USD |
CY2017Q3 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
24691000 | shares |
us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
24663000 | shares | |
CY2018Q3 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
77030000 | shares |
us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
56526000 | shares |