2015 Q4 Form 10-Q Financial Statement

#000163156915000021 Filed on November 12, 2015

View on sec.gov

Income Statement

Concept 2015 Q4 2015 Q3 2014 Q3
Revenue $4.556M $3.240M $0.00
YoY Change
Cost Of Revenue $1.120M $750.0K
YoY Change
Gross Profit $3.430M $2.490M
YoY Change
Gross Profit Margin 75.29% 76.85%
Selling, General & Admin $720.0K $220.0K
YoY Change
% of Gross Profit 20.99% 8.84%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $2.450M $2.270M
YoY Change
% of Gross Profit 71.43% 91.16%
Operating Expenses $4.256M $3.185M $0.00
YoY Change
Operating Profit -$826.0K -$695.0K
YoY Change
Interest Expense -$180.0K $140.0K $0.00
YoY Change
% of Operating Profit
Other Income/Expense, Net -$179.0K -$122.0K $0.00
YoY Change
Pretax Income $120.0K -$70.00K
YoY Change
Income Tax
% Of Pretax Income
Net Earnings $120.0K -$67.00K $0.00
YoY Change
Net Earnings / Revenue 2.63% -2.07%
Basic Earnings Per Share $0.02 -$0.01 $0.00
Diluted Earnings Per Share $0.02 -$0.01 $0.00
COMMON SHARES
Basic Shares Outstanding 7.597M shares 7.511M shares 200.0K shares
Diluted Shares Outstanding 7.511M shares 200.0K shares

Balance Sheet

Concept 2015 Q4 2015 Q3 2014 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.000M $16.10M
YoY Change
Cash & Equivalents $2.018M $16.05M $2.000K
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $2.000M $16.10M
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $127.8M $98.30M
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $140.8M $111.0M
YoY Change
TOTAL ASSETS
Total Short-Term Assets $2.000M $16.10M
Total Long-Term Assets $140.8M $111.0M
Total Assets $142.8M $127.1M
YoY Change 7140050.0%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $800.0K $1.000M
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $800.0K $1.000M
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt $17.00M $0.00
YoY Change
Other Long-Term Liabilities $2.700M $1.100M
YoY Change
Total Long-Term Liabilities $19.70M $1.100M
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $800.0K $1.000M
Total Long-Term Liabilities $19.70M $1.100M
Total Liabilities $20.53M $2.091M
YoY Change
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $127.7M $127.6M
YoY Change 6382600.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $122.3M $125.0M
YoY Change
Total Liabilities & Shareholders Equity $142.8M $127.1M
YoY Change 7140050.0%

Cashflow Statement

Concept 2015 Q4 2015 Q3 2014 Q3
OPERATING ACTIVITIES
Net Income $120.0K -$67.00K $0.00
YoY Change
Depreciation, Depletion And Amortization $2.450M $2.270M
YoY Change
Cash From Operating Activities $1.500M $1.700M
YoY Change
INVESTING ACTIVITIES
Capital Expenditures -$29.66M -$13.26M
YoY Change
Acquisitions
YoY Change
Other Investing Activities $0.00 -$10.86M
YoY Change
Cash From Investing Activities -$29.66M -$24.12M
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 14.13M -1.080M
YoY Change
NET CHANGE
Cash From Operating Activities 1.500M 1.700M
Cash From Investing Activities -29.66M -24.12M
Cash From Financing Activities 14.13M -1.080M
Net Change In Cash -14.03M -23.50M
YoY Change
FREE CASH FLOW
Cash From Operating Activities $1.500M $1.700M
Capital Expenditures -$29.66M -$13.26M
Free Cash Flow $31.16M $14.96M
YoY Change

Facts In Submission

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WeightedAverageNumberOfSharesIssuedBasic
200000 shares
CY2014Q3 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
200000 shares
CY2015Q3 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
7596940 shares
us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
3828219 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
200000 shares
CY2014Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
200000 shares
CY2015Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
7511183 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
3788639 shares
us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
0 shares
CY2014Q3 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
0 shares
CY2015Q3 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
85757 shares
us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
39580 shares
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Concentration of Credit Risks</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Our credit risks primarily relate to cash and cash equivalents and our </font><font style="font-family:inherit;font-size:10pt;">one</font><font style="font-family:inherit;font-size:10pt;"> mortgage note receivable. Cash and cash equivalents are primarily held in bank accounts and overnight investments. We maintain our bank deposit accounts with large financial institutions in amounts that often exceed federally-insured limits. We have not experienced any losses in such accounts.</font></div></div>
us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Use of Estimates in the Condensed Consolidated Financial Statements</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Preparation of the Condensed Consolidated Financial Statements in accordance with GAAP requires management to make estimates and assumptions that affect amounts reported in the Condensed Consolidated Financial Statements and accompanying notes. Actual results may materially differ from those estimates.</font></div></div>

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