2014 Q3 Form 10-Q Financial Statement

#000114420414048921 Filed on August 12, 2014

View on sec.gov

Income Statement

Concept 2014 Q3 2014 Q2 2013 Q4
Revenue $0.00 $0.00 $40.00K
YoY Change -100.0%
Cost Of Revenue $0.00 $50.00K
YoY Change -100.0%
Gross Profit $0.00 -$10.00K
YoY Change -100.0%
Gross Profit Margin -25.0%
Selling, General & Admin $990.0K $37.00K $770.0K
YoY Change 2575.68% 0.0% -12.5%
% of Gross Profit
Research & Development $673.0K $556.0K $390.0K
YoY Change 43.19% 3.54% 30.0%
% of Gross Profit
Depreciation & Amortization $60.00K $60.00K $60.00K
YoY Change 20.0% 20.0% -200.0%
% of Gross Profit
Operating Expenses $1.722M $1.628M $1.150M
YoY Change 24.69% 15.63% -2.54%
Operating Profit -$1.722M -$1.628M -$1.160M
YoY Change 26.15% 15.63%
Interest Expense $0.00 $0.00 $0.00
YoY Change -100.0%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$1.720M -$1.630M -$1.160M
YoY Change 26.47% 15.6% -0.85%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$1.721M -$1.626M -$1.160M
YoY Change 26.36% 15.73% -0.85%
Net Earnings / Revenue -2900.0%
Basic Earnings Per Share
Diluted Earnings Per Share -$178.1K -$169.3K -$131.7K
COMMON SHARES
Basic Shares Outstanding 9.659M shares 9.632M shares 8.811M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2014 Q3 2014 Q2 2013 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.280M $4.730M $2.690M
YoY Change -17.79% -8.33% -66.5%
Cash & Equivalents $3.277M $4.731M $2.688M
Short-Term Investments
Other Short-Term Assets $150.0K $210.0K $120.0K
YoY Change -34.78% -34.38% 100.0%
Inventory
Prepaid Expenses $149.0K $212.0K $118.0K
Receivables
Other Receivables
Total Short-Term Assets $3.426M $4.943M $2.806M
YoY Change -18.7% -9.8% -65.3%
LONG-TERM ASSETS
Property, Plant & Equipment $323.0K $371.0K $427.0K
YoY Change -22.36% -13.72% 6.75%
Goodwill
YoY Change
Intangibles $2.272M $2.030M $1.459M
YoY Change 86.84% 136.08%
Long-Term Investments
YoY Change
Other Assets $10.00K $10.00K $10.00K
YoY Change 0.0% 0.0% 0.0%
Total Long-Term Assets $2.605M $2.411M $1.896M
YoY Change 58.65% 70.99% 84.44%
TOTAL ASSETS
Total Short-Term Assets $3.426M $4.943M $2.806M
Total Long-Term Assets $2.605M $2.411M $1.896M
Total Assets $6.031M $7.354M $4.702M
YoY Change 2.99% 6.73% -48.41%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $322.0K $216.0K $297.0K
YoY Change 57.07% 27.06% 7.61%
Accrued Expenses $627.0K $516.0K $586.0K
YoY Change -11.19% 7.5% 248.81%
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 $949.0K $732.0K $883.0K
YoY Change 4.17% 12.62% 98.87%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $40.00K $40.00K $30.00K
YoY Change 33.33% 33.33% -25.0%
Total Long-Term Liabilities $40.00K $40.00K $30.00K
YoY Change 33.33% 33.33% -25.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $949.0K $732.0K $883.0K
Total Long-Term Liabilities $40.00K $40.00K $30.00K
Total Liabilities $985.0K $770.0K $914.0K
YoY Change 4.34% 11.59% 90.81%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $1.000K $1.000K $1.000K
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $5.046M $6.584M $3.788M
YoY Change
Total Liabilities & Shareholders Equity $6.031M $7.354M $4.702M
YoY Change 2.99% 6.73% -48.41%

Cashflow Statement

Concept 2014 Q3 2014 Q2 2013 Q4
OPERATING ACTIVITIES
Net Income -$1.721M -$1.626M -$1.160M
YoY Change 26.36% 15.73% -0.85%
Depreciation, Depletion And Amortization $60.00K $60.00K $60.00K
YoY Change 20.0% 20.0% -200.0%
Cash From Operating Activities -$1.180M -$1.470M -$990.0K
YoY Change 28.26% 11.36% -151.83%
INVESTING ACTIVITIES
Capital Expenditures -$320.0K -$290.0K -$310.0K
YoY Change 10.34% 61.11% -158.49%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$320.0K -$290.0K -$310.0K
YoY Change 10.34% 61.11% -158.49%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 40.00K 0.000 0.000
YoY Change 0.0% -100.0%
NET CHANGE
Cash From Operating Activities -1.180M -1.470M -990.0K
Cash From Investing Activities -320.0K -290.0K -310.0K
Cash From Financing Activities 40.00K 0.000 0.000
Net Change In Cash -1.460M -1.760M -1.300M
YoY Change 24.79% 17.33% -85.07%
FREE CASH FLOW
Cash From Operating Activities -$1.180M -$1.470M -$990.0K
Capital Expenditures -$320.0K -$290.0K -$310.0K
Free Cash Flow -$860.0K -$1.180M -$680.0K
YoY Change 36.51% 3.51% -149.28%

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5796000 USD
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
0 USD
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
5796000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-2863000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
2043000 USD
CY2012Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
8027000 USD
CY2013Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
5164000 USD
dei Document Type
DocumentType
10-Q
dei Amendment Flag
AmendmentFlag
false
dei Document Period End Date
DocumentPeriodEndDate
2014-06-30
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Entity Registrant Name
EntityRegistrantName
CLEARSIGN COMBUSTION CORP
dei Entity Central Index Key
EntityCentralIndexKey
0001434524
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Entity Filer Category
EntityFilerCategory
Smaller Reporting Company
dei Trading Symbol
TradingSymbol
CLIR
CY2014Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
9658824 shares

Files In Submission

Name View Source Status
0001144204-14-048921-index-headers.html Edgar Link pending
0001144204-14-048921-index.html Edgar Link pending
0001144204-14-048921.txt Edgar Link pending
0001144204-14-048921-xbrl.zip Edgar Link pending
clir-20140630.xml Edgar Link completed
clir-20140630.xsd Edgar Link pending
clir-20140630_cal.xml Edgar Link unprocessable
clir-20140630_def.xml Edgar Link unprocessable
clir-20140630_lab.xml Edgar Link unprocessable
clir-20140630_pre.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
Financial_Report.xlsx Edgar Link pending
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report.css Edgar Link pending
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v384835_10q.htm Edgar Link pending
v384835_ex31-1.htm Edgar Link pending
v384835_ex31-2.htm Edgar Link pending
v384835_ex32-1.htm Edgar Link pending