2013 Q3 Form 10-Q Financial Statement

#000119312513438437 Filed on November 12, 2013

View on sec.gov

Income Statement

Concept 2013 Q3 2012 Q4 2012 Q3
Revenue $9.572M -$2.640M $3.483M
YoY Change 174.82% -143.28% -34.28%
Cost Of Revenue $6.900M $2.100M $3.200M
YoY Change 115.63% -60.38% -36.0%
Gross Profit $2.663M $600.0K $200.0K
YoY Change 1231.5% -33.33% -33.33%
Gross Profit Margin 27.82% 5.74%
Selling, General & Admin $2.196M $2.500M $2.183M
YoY Change 0.6% 4.17% 36.44%
% of Gross Profit 82.46% 416.67% 1091.5%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $145.0K $0.00 $0.00
YoY Change -100.0% -100.0%
% of Gross Profit 5.44% 0.0% 0.0%
Operating Expenses $2.196M $2.500M $2.183M
YoY Change 0.6% 8.7% 36.44%
Operating Profit $406.0K -$2.082M -$4.485M
YoY Change -109.05% 48.71% 245.0%
Interest Expense $0.00 -$100.0K -$100.0K
YoY Change -100.0% -90.91% -88.89%
% of Operating Profit 0.0%
Other Income/Expense, Net $41.00K $0.00 -$45.00K
YoY Change -191.11% -100.0% -77.5%
Pretax Income $447.0K -$2.042M -$4.536M
YoY Change -109.85% -18.32% -164.8%
Income Tax $197.0K $0.00 -$364.0K
% Of Pretax Income 44.07%
Net Earnings -$739.0K -$2.005M -$4.496M
YoY Change -83.56% -25.74% -169.17%
Net Earnings / Revenue -7.72% -129.08%
Basic Earnings Per Share -$0.03 -$0.10 -$0.22
Diluted Earnings Per Share -$0.03 -$0.10 -$0.22
COMMON SHARES
Basic Shares Outstanding 20.74M shares 20.65M shares
Diluted Shares Outstanding 20.74M shares 20.65M shares

Balance Sheet

Concept 2013 Q3 2012 Q4 2012 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $4.200M $3.500M $4.400M
YoY Change -4.55% -37.5% -32.31%
Cash & Equivalents $4.188M $3.539M $4.442M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $1.900M $1.600M $1.300M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $6.100M $5.100M $5.700M
YoY Change 7.02% -34.62% -12.31%
LONG-TERM ASSETS
Property, Plant & Equipment $250.0K $222.0K $200.0K
YoY Change 25.0% 122.0% -96.43%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $0.00 $0.00
YoY Change
Other Assets $3.700M $3.200M $3.200M
YoY Change 15.63% 3.23% 3.23%
Total Long-Term Assets $45.05M $33.60M $23.40M
YoY Change 92.52% -12.96% -44.94%
TOTAL ASSETS
Total Short-Term Assets $6.100M $5.100M $5.700M
Total Long-Term Assets $45.05M $33.60M $23.40M
Total Assets $51.15M $38.70M $29.10M
YoY Change 75.77% -16.6% -40.61%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $8.700M $4.700M $3.700M
YoY Change 135.14% 17.5% 5.71%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $26.40M $27.60M $18.40M
YoY Change 43.48% -7.38% -39.87%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $35.30M $32.30M $22.10M
YoY Change 59.73% -4.44% -35.38%
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 $35.30M $32.30M $22.10M
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $35.34M $32.32M $22.10M
YoY Change 59.9% -11.93% -40.11%
SHAREHOLDERS EQUITY
Retained Earnings -$163.2M -$162.3M
YoY Change
Common Stock $170.7M $170.1M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $2.480M $2.480M
YoY Change
Treasury Stock Shares
Shareholders Equity $5.200M $5.444M $7.000M
YoY Change
Total Liabilities & Shareholders Equity $51.15M $38.70M $29.10M
YoY Change 75.77% -16.6% -40.61%

Cashflow Statement

Concept 2013 Q3 2012 Q4 2012 Q3
OPERATING ACTIVITIES
Net Income -$739.0K -$2.005M -$4.496M
YoY Change -83.56% -25.74% -169.17%
Depreciation, Depletion And Amortization $145.0K $0.00 $0.00
YoY Change -100.0% -100.0%
Cash From Operating Activities -$8.800M -$10.90M -$4.100M
YoY Change 114.63% -1008.33% -147.13%
INVESTING ACTIVITIES
Capital Expenditures $0.00 -$100.0K -$100.0K
YoY Change -100.0% 0.0%
Acquisitions
YoY Change
Other Investing Activities $0.00 $200.0K $500.0K
YoY Change -100.0% -140.0% -115.63%
Cash From Investing Activities $0.00 $100.0K $400.0K
YoY Change -100.0% -120.0% -112.5%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.600M 9.800M 1.200M
YoY Change 33.33% -712.5% 140.0%
NET CHANGE
Cash From Operating Activities -8.800M -10.90M -4.100M
Cash From Investing Activities 0.000 100.0K 400.0K
Cash From Financing Activities 1.600M 9.800M 1.200M
Net Change In Cash -7.200M -1.000M -2.500M
YoY Change 188.0% 11.11% -141.67%
FREE CASH FLOW
Cash From Operating Activities -$8.800M -$10.90M -$4.100M
Capital Expenditures $0.00 -$100.0K -$100.0K
Free Cash Flow -$8.800M -$10.80M -$4.000M
YoY Change 120.0% -1000.0% -145.45%

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us-gaap Payments Of Loan Costs
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us-gaap Equity Method Investment Summarized Financial Information Revenue
EquityMethodInvestmentSummarizedFinancialInformationRevenue
us-gaap Other Nonoperating Income Expense
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us-gaap Product Warranty Accrual Warranties Issued
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340000
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us-gaap Gain Loss On Sale Of Properties
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6466000
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IncomeLossFromEquityMethodInvestments
us-gaap Payments To Acquire Property Plant And Equipment
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106000
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2944000
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us-gaap Income Loss From Continuing Operations Attributable To Noncontrolling Entity
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0
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2877000
us-gaap Share Based Compensation
ShareBasedCompensation
928000
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128000
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82000
us-gaap Increase Decrease In Accrued Income Taxes Payable
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2478000
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18776000
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2951000
us-gaap Depreciation
Depreciation
107000
us-gaap Allocated Share Based Compensation Expense
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928000
us-gaap Proceeds From Sale Of Other Real Estate
ProceedsFromSaleOfOtherRealEstate
18882000
us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
2358000
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us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Noncontrolling Interest
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103000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-2478000
chci Equity Method Investment Summarized Financial Information Cost And Expenses
EquityMethodInvestmentSummarizedFinancialInformationCostAndExpenses
chci Amounts Drawn Against Letters Of Credit Or Performance Bonds
AmountsDrawnAgainstLettersOfCreditOrPerformanceBonds
0
chci Disposal Group Including Discontinued Operation Other Income Expense
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8000
chci Reduction In Proceeds From Sale Of Property And Increase In Other Assets Related To Amounts Place In Escrow
ReductionInProceedsFromSaleOfPropertyAndIncreaseInOtherAssetsRelatedToAmountsPlaceInEscrow
418000
chci Ordinary Shares Withheld Under Share Based Compensation Value
OrdinarySharesWithheldUnderShareBasedCompensationValue
chci Disposal Group Including Discontinued Operation Selling General And Administrative
DisposalGroupIncludingDiscontinuedOperationSellingGeneralAndAdministrative
9000
chci Interest Expense Real Estate Taxes And Indirect Costs Related To Inactive Projects Discontinued Operation
InterestExpenseRealEstateTaxesAndIndirectCostsRelatedToInactiveProjectsDiscontinuedOperation
154000
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20653000 shares
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IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
-0.02
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IncomeLossFromContinuingOperationsPerDilutedShare
-0.20
CY2012Q3 us-gaap Home Building Revenue
HomeBuildingRevenue
2527000
chci Payment For Credit Enhancement Fees
PaymentForCreditEnhancementFees
130000
CY2011Q1 chci Construction Costs Capitalized To Land And Land Development Costs
ConstructionCostsCapitalizedToLandAndLandDevelopmentCosts
9800000
CY2012Q1 us-gaap Proceeds From Sale Of Real Estate
ProceedsFromSaleOfRealEstate
19350000
CY2012Q3 us-gaap Debt Instrument Basis Spread On Variable Rate1
DebtInstrumentBasisSpreadOnVariableRate1
0.03 pure
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ImpairmentOfRealEstate
-722000
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639000
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-0.22
CY2012Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2012Q3 us-gaap Earnings Per Share Basic
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CY2012Q3 us-gaap Product Warranty Accrual Period Increase Decrease
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CY2012Q3 us-gaap Discontinued Operation Income Loss From Discontinued Operation During Phase Out Period Before Income Tax
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956000
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-370000
CY2012Q3 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
18000
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ProfitLoss
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IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-4530000
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-6000
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-4166000
CY2012Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
0
CY2012Q3 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
3483000
CY2012Q3 us-gaap Home Building Costs
HomeBuildingCosts
2093000
CY2012Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
2002000
CY2012Q3 us-gaap Income Loss From Continuing Operations Attributable To Noncontrolling Entity
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-40000
CY2012Q3 us-gaap Other Cost And Expense Operating
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190000
CY2012Q3 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
0
CY2012Q3 us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
0
CY2012Q3 us-gaap Disposal Group Including Discontinued Operation Costs Of Goods Sold
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5000
CY2012Q3 us-gaap Selling And Marketing Expense
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181000
CY2012Q3 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
0
CY2012Q3 us-gaap Discontinued Operation Tax Effect Of Discontinued Operation
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364000
CY2012Q3 us-gaap Allocated Share Based Compensation Expense
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329000
CY2012Q3 us-gaap Impairment Of Real Estate
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2358000
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-364000
CY2012Q3 chci Equity Method Investment Summarized Financial Information Cost And Expenses
EquityMethodInvestmentSummarizedFinancialInformationCostAndExpenses
CY2012Q3 chci Disposal Group Including Discontinued Operation Other Income Expense
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-1000
CY2012Q3 chci Payment For Credit Enhancement Fees
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0
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20739000 shares
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CY2013Q3 us-gaap Product Warranty Accrual Period Increase Decrease
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CY2013Q3 us-gaap Disposal Group Including Discontinued Operation Revenue
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CY2013Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax
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CY2013Q3 us-gaap Other Nonoperating Income Expense
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CY2013Q3 us-gaap Product Warranty Accrual Warranties Issued
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CY2013Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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CY2013Q3 us-gaap Discontinued Operation Income Loss From Discontinued Operation Before Income Tax
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CY2013Q3 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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250000
CY2013Q3 us-gaap Income Loss From Equity Method Investments
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14000
CY2013Q3 us-gaap Real Estate Revenue Net
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9572000
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CY2013Q3 us-gaap General And Administrative Expense
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CY2013Q3 us-gaap Income Loss From Continuing Operations Attributable To Noncontrolling Entity
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989000
CY2013Q3 us-gaap Other Cost And Expense Operating
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61000
CY2013Q3 us-gaap Deferred Income Tax Expense Benefit
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CY2013Q3 us-gaap Equity Method Investment Dividends Or Distributions
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40000
CY2013Q3 us-gaap Disposal Group Including Discontinued Operation Costs Of Goods Sold
DisposalGroupIncludingDiscontinuedOperationCostsOfGoodsSold
CY2013Q3 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
477000
CY2013Q3 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
0
CY2013Q3 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
395000
CY2013Q3 us-gaap Allocated Share Based Compensation Expense
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137000
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197000
CY2013Q3 chci Equity Method Investment Summarized Financial Information Cost And Expenses
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29000
CY2013Q3 chci Disposal Group Including Discontinued Operation Other Income Expense
DisposalGroupIncludingDiscontinuedOperationOtherIncomeExpense
CY2013Q3 chci Short Term General Contracting Projects Length Period
ShortTermGeneralContractingProjectsLengthPeriod
P12M
CY2013Q3 chci Disposal Group Including Discontinued Operation Selling General And Administrative
DisposalGroupIncludingDiscontinuedOperationSellingGeneralAndAdministrative
CY2013Q3 chci Interest Expense Real Estate Taxes And Indirect Costs Related To Inactive Projects Discontinued Operation
InterestExpenseRealEstateTaxesAndIndirectCostsRelatedToInactiveProjectsDiscontinuedOperation
CY2013Q3 chci Real Estate Properties Sold Number
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0 Home
CY2013Q3 chci Payment For Credit Enhancement Fees
PaymentForCreditEnhancementFees
0
CY2013Q3 chci Payment For Product Warranty Settlement Of Claim
PaymentForProductWarrantySettlementOfClaim
244000

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