2019 Q1 Form 10-Q Financial Statement
#000148500319000029 Filed on May 10, 2019
Income Statement
Concept | 2019 Q1 | 2018 Q1 |
---|---|---|
Revenue | $0.00 | $0.00 |
YoY Change | ||
Cost Of Revenue | ||
YoY Change | ||
Gross Profit | ||
YoY Change | ||
Gross Profit Margin | ||
Selling, General & Admin | $3.060M | $1.950M |
YoY Change | 56.92% | -11.76% |
% of Gross Profit | ||
Research & Development | $4.686M | $3.255M |
YoY Change | 43.96% | 13.26% |
% of Gross Profit | ||
Depreciation & Amortization | $50.00K | $50.00K |
YoY Change | 0.0% | -37.5% |
% of Gross Profit | ||
Operating Expenses | $6.741M | $4.007M |
YoY Change | 68.23% | -39.17% |
Operating Profit | -$6.741M | -$4.007M |
YoY Change | 68.23% | -34.97% |
Interest Expense | ||
YoY Change | ||
% of Operating Profit | ||
Other Income/Expense, Net | $261.0K | $44.00K |
YoY Change | 493.18% | -56.44% |
Pretax Income | -$6.480M | -$3.960M |
YoY Change | 63.64% | -34.65% |
Income Tax | ||
% Of Pretax Income | ||
Net Earnings | -$6.480M | -$3.963M |
YoY Change | 63.51% | -34.61% |
Net Earnings / Revenue | ||
Basic Earnings Per Share | -$0.08 | |
Diluted Earnings Per Share | -$0.08 | -$111.0K |
COMMON SHARES | ||
Basic Shares Outstanding | 77.46M shares | 43.11M shares |
Diluted Shares Outstanding | 77.46M shares |
Balance Sheet
Concept | 2019 Q1 | 2018 Q1 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $42.40M | $19.70M |
YoY Change | 115.23% | -2.96% |
Cash & Equivalents | $42.44M | $19.69M |
Short-Term Investments | ||
Other Short-Term Assets | $3.000M | $600.0K |
YoY Change | 400.0% | -14.29% |
Inventory | ||
Prepaid Expenses | ||
Receivables | ||
Other Receivables | ||
Total Short-Term Assets | $45.45M | $20.33M |
YoY Change | 123.61% | -3.12% |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $272.0K | $473.0K |
YoY Change | -42.49% | -33.75% |
Goodwill | $13.06M | $13.06M |
YoY Change | 0.0% | -22.53% |
Intangibles | $46.40M | $46.40M |
YoY Change | 0.0% | -23.31% |
Long-Term Investments | ||
YoY Change | ||
Other Assets | $232.0K | $19.00K |
YoY Change | 1121.05% | |
Total Long-Term Assets | $59.99M | $59.97M |
YoY Change | 0.04% | -23.21% |
TOTAL ASSETS | ||
Total Short-Term Assets | $45.45M | $20.33M |
Total Long-Term Assets | $59.99M | $59.97M |
Total Assets | $105.4M | $80.29M |
YoY Change | 31.32% | -18.95% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $1.683M | $1.393M |
YoY Change | 20.82% | 14.74% |
Accrued Expenses | $5.234M | $3.853M |
YoY Change | 35.84% | 103.11% |
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | $0.00 | $0.00 |
YoY Change | ||
Long-Term Debt Due | ||
YoY Change | ||
Total Short-Term Liabilities | $7.053M | $5.246M |
YoY Change | 34.45% | 62.62% |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $0.00 | $0.00 |
YoY Change | ||
Other Long-Term Liabilities | $398.0K | $260.0K |
YoY Change | 53.08% | -99.44% |
Total Long-Term Liabilities | $398.0K | $260.0K |
YoY Change | 53.08% | -99.44% |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $7.053M | $5.246M |
Total Long-Term Liabilities | $398.0K | $260.0K |
Total Liabilities | $7.451M | $5.506M |
YoY Change | 35.33% | -91.68% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | -$192.5M | -$156.3M |
YoY Change | 23.16% | 20.79% |
Common Stock | $77.00K | $43.00K |
YoY Change | 79.07% | 72.0% |
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | ||
YoY Change | ||
Treasury Stock Shares | ||
Shareholders Equity | $38.06M | $23.86M |
YoY Change | ||
Total Liabilities & Shareholders Equity | $105.4M | $80.29M |
YoY Change | 31.32% | -18.95% |
Cashflow Statement
Concept | 2019 Q1 | 2018 Q1 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | -$6.480M | -$3.963M |
YoY Change | 63.51% | -34.61% |
Depreciation, Depletion And Amortization | $50.00K | $50.00K |
YoY Change | 0.0% | -37.5% |
Cash From Operating Activities | -$7.992M | -$4.383M |
YoY Change | 82.34% | -15.63% |
INVESTING ACTIVITIES | ||
Capital Expenditures | ||
YoY Change | ||
Acquisitions | ||
YoY Change | ||
Other Investing Activities | $0.00 | $10.00K |
YoY Change | -100.0% | -87.5% |
Cash From Investing Activities | $0.00 | $5.000K |
YoY Change | -100.0% | -93.42% |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | $0.00 | $9.376M |
YoY Change | -100.0% | |
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | $7.000K | $9.386M |
YoY Change | -99.93% | 20757.78% |
NET CHANGE | ||
Cash From Operating Activities | -$7.992M | -$4.383M |
Cash From Investing Activities | $0.00 | $5.000K |
Cash From Financing Activities | $7.000K | $9.386M |
Net Change In Cash | -$7.985M | $5.008M |
YoY Change | -259.44% | -198.7% |
FREE CASH FLOW | ||
Cash From Operating Activities | -$7.992M | -$4.383M |
Capital Expenditures | ||
Free Cash Flow | ||
YoY Change |
Facts In Submission
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5000000 | shares |
CY2019Q1 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
5000000 | shares |
CY2018Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2019Q1 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2018Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
CY2019Q1 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
CY2018Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
0 | USD |
CY2019Q1 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
0 | USD |
CY2018Q4 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
1334000 | USD |
CY2019Q1 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
3014000 | USD |
CY2018Q1 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
9376000 | USD |
CY2019Q1 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
0 | USD |
CY2018Q1 | us-gaap |
Proceeds From Sale Of Machinery And Equipment
ProceedsFromSaleOfMachineryAndEquipment
|
5000 | USD |
CY2019Q1 | us-gaap |
Proceeds From Sale Of Machinery And Equipment
ProceedsFromSaleOfMachineryAndEquipment
|
0 | USD |
CY2018Q1 | us-gaap |
Proceeds From Stock Plans
ProceedsFromStockPlans
|
10000 | USD |
CY2019Q1 | us-gaap |
Proceeds From Stock Plans
ProceedsFromStockPlans
|
7000 | USD |
CY2018Q1 | us-gaap |
Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
|
300000 | USD |
CY2018Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
321000 | USD |
CY2018Q1 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
3255000 | USD |
CY2019Q1 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
4686000 | USD |
CY2018Q4 | us-gaap |
Restricted Cash
RestrictedCash
|
20000 | USD |
CY2019Q1 | us-gaap |
Restricted Cash
RestrictedCash
|
20000 | USD |
CY2018Q4 | us-gaap |
Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
|
20000 | USD |
CY2019Q1 | us-gaap |
Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
|
20000 | USD |
CY2018Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-186024000 | USD |
CY2019Q1 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-192500000 | USD |
CY2019Q1 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-192504000 | USD |
CY2019Q1 | us-gaap |
Revenues
Revenues
|
0 | USD |
CY2018Q1 | us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
0 | USD |
CY2019Q1 | us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
236480000 | 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 |
Sale Of Stock Price Per Share
SaleOfStockPricePerShare
|
1.13 | |
CY2018Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
401000 | USD |
CY2019Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
326000 | USD |
CY2019Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
|
1076840 | shares |
CY2019Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
|
3.13 | |
CY2019Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
|
363500 | shares |
CY2016Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
650000 | shares |
CY2018Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
425000 | shares |
CY2019Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
2110115 | shares |
CY2018Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
3941947 | shares |
CY2019Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
5688562 | shares |
CY2018Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
2.12 | |
CY2019Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
1.62 | |
CY2019Q1 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
|
0.00 | |
CY2019Q1 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
|
2.44 | |
CY2019Q1 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
|
0.85 | |
CY2019Q1 | us-gaap |
Short Term Lease Cost
ShortTermLeaseCost
|
76000 | USD |
CY2019Q1 | us-gaap |
Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
0 | shares |
CY2018Q1 | us-gaap |
Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
|
10000 | USD |
CY2019Q1 | us-gaap |
Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
|
7000 | USD |
CY2018Q1 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
9040000 | USD |
CY2018Q1 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
0 | USD |
CY2017Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
18034000 | USD |
CY2018Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
23858000 | USD |
CY2018Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
44207000 | USD |
CY2019Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
38060000 | USD |
CY2018Q4 | us-gaap |
Supplemental Unemployment Benefits Severance Benefits
SupplementalUnemploymentBenefitsSeveranceBenefits
|
278000 | USD |
CY2019Q1 | us-gaap |
Supplemental Unemployment Benefits Severance Benefits
SupplementalUnemploymentBenefitsSeveranceBenefits
|
610000 | USD |
CY2018Q1 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
35674000 | shares |
CY2019Q1 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
77458000 | shares |