2013 Q4 Form 10-K Financial Statement
#000127043614000003 Filed on March 07, 2014
Income Statement
| Concept | 2013 Q4 | 2013 | 2012 Q4 |
|---|---|---|---|
| Revenue | $11.70M | $57.50M | $23.40M |
| YoY Change | -50.0% | -39.63% | -1.27% |
| Cost Of Revenue | $3.400M | $13.40M | |
| YoY Change | 0.0% | ||
| Gross Profit | $8.200M | $44.10M | |
| YoY Change | -46.09% | ||
| Gross Profit Margin | 70.09% | 76.7% | |
| Selling, General & Admin | $14.80M | $63.80M | $21.60M |
| YoY Change | -31.48% | -20.45% | -19.4% |
| % of Gross Profit | 180.49% | 144.67% | |
| Research & Development | |||
| YoY Change | |||
| % of Gross Profit | |||
| Depreciation & Amortization | $400.0K | $1.400M | $300.0K |
| YoY Change | 33.33% | 7.69% | -50.0% |
| % of Gross Profit | 4.88% | 3.17% | |
| Operating Expenses | $15.20M | $65.20M | $21.90M |
| YoY Change | -30.59% | -20.1% | -20.07% |
| Operating Profit | -$7.000M | -$21.10M | |
| YoY Change | -7252.54% | ||
| Interest Expense | -$1.000M | -$2.400M | $1.800M |
| YoY Change | -155.56% | -284.62% | -300.0% |
| % of Operating Profit | |||
| Other Income/Expense, Net | $0.00 | $0.00 | $0.00 |
| YoY Change | -100.0% | ||
| Pretax Income | -$7.900M | -$23.50M | $3.300M |
| YoY Change | -339.39% | 784.79% | -171.74% |
| Income Tax | -$1.800M | -$3.600M | -$700.0K |
| % Of Pretax Income | -21.21% | ||
| Net Earnings | -$4.000M | -$13.30M | $3.000M |
| YoY Change | -233.33% | 1273.97% | -230.43% |
| Net Earnings / Revenue | -34.19% | -23.13% | 12.82% |
| Basic Earnings Per Share | |||
| Diluted Earnings Per Share | -$2.857M | -$11.08M | $1.765M |
| COMMON SHARES | |||
| Basic Shares Outstanding | 12.34M | 11.78M shares | |
| Diluted Shares Outstanding | 17.66M |
Balance Sheet
| Concept | 2013 Q4 | 2013 | 2012 Q4 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $13.00M | $13.00M | $15.00M |
| YoY Change | -13.33% | -13.33% | -16.67% |
| Cash & Equivalents | $13.00M | $13.00M | $14.50M |
| Short-Term Investments | |||
| Other Short-Term Assets | $2.000M | $2.000M | $2.000M |
| YoY Change | 0.0% | 0.0% | -50.0% |
| Inventory | |||
| Prepaid Expenses | |||
| Receivables | $3.000M | $3.000M | $13.00M |
| Other Receivables | $7.000M | $5.000M | $78.00M |
| Total Short-Term Assets | $25.00M | $23.00M | $108.0M |
| YoY Change | -76.85% | -78.7% | -52.84% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $2.000M | $2.000M | $2.273M |
| YoY Change | -12.01% | 0.0% | -32.61% |
| Goodwill | $11.11M | $11.11M | |
| YoY Change | 0.0% | -0.83% | |
| Intangibles | $483.0K | $332.0K | |
| YoY Change | 45.48% | -38.29% | |
| Long-Term Investments | $147.0M | $147.0M | $1.910M |
| YoY Change | 7596.34% | -32.88% | -68.56% |
| Other Assets | $1.000M | $1.000M | $0.00 |
| YoY Change | |||
| Total Long-Term Assets | $192.0M | $194.0M | $233.0M |
| YoY Change | -17.6% | -16.74% | 21.61% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $25.00M | $23.00M | $108.0M |
| Total Long-Term Assets | $192.0M | $194.0M | $233.0M |
| Total Assets | $217.0M | $217.0M | $341.0M |
| YoY Change | -36.36% | -36.36% | -18.92% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $31.00M | $31.00M | $97.00M |
| YoY Change | -68.04% | -68.04% | 273.08% |
| Accrued Expenses | $11.00M | $11.00M | $13.00M |
| YoY Change | -15.38% | -8.33% | -23.53% |
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $29.00M | $29.00M | $70.00M |
| YoY Change | -58.57% | -58.57% | -48.15% |
| Long-Term Debt Due | |||
| YoY Change | |||
| Total Short-Term Liabilities | $72.00M | $72.00M | $186.0M |
| YoY Change | -61.29% | -60.87% | 2.2% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $30.00M | $30.00M | $26.00M |
| YoY Change | 15.38% | 15.38% | -29.73% |
| Other Long-Term Liabilities | $50.00M | $50.00M | $52.00M |
| YoY Change | -3.85% | -7.41% | -52.73% |
| Total Long-Term Liabilities | $80.00M | $80.00M | $78.00M |
| YoY Change | 2.56% | 0.0% | -46.94% |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $72.00M | $72.00M | $186.0M |
| Total Long-Term Liabilities | $80.00M | $80.00M | $78.00M |
| Total Liabilities | $166.0M | $165.0M | $264.4M |
| YoY Change | -37.21% | -41.9% | -19.68% |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | -$7.370M | ||
| YoY Change | 43.92% | ||
| Common Stock | $11.00K | ||
| YoY Change | 10.0% | ||
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | |||
| YoY Change | |||
| Treasury Stock Shares | 0.000 shares | ||
| Shareholders Equity | $51.00M | $51.00M | $56.98M |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $217.0M | $217.0M | $341.0M |
| YoY Change | -36.36% | -36.36% | -18.92% |
Cashflow Statement
| Concept | 2013 Q4 | 2013 | 2012 Q4 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | -$4.000M | -$13.30M | $3.000M |
| YoY Change | -233.33% | 1273.97% | -230.43% |
| Depreciation, Depletion And Amortization | $400.0K | $1.400M | $300.0K |
| YoY Change | 33.33% | 7.69% | -50.0% |
| Cash From Operating Activities | -$2.400M | -$8.200M | $5.000M |
| YoY Change | -148.0% | -155.6% | -176.92% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | -$100.0K | -$800.0K | -$100.0K |
| YoY Change | 0.0% | -514.51% | 0.0% |
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | -$400.0K | $3.800M | $5.000M |
| YoY Change | -108.0% | -59.14% | 31.58% |
| Cash From Investing Activities | -$500.0K | $2.900M | $4.900M |
| YoY Change | -110.2% | -68.17% | 36.11% |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | |||
| YoY Change | |||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | -6.300M | 4.000M | -8.300M |
| YoY Change | -24.1% | -114.43% | 84.44% |
| NET CHANGE | |||
| Cash From Operating Activities | -2.400M | -8.200M | 5.000M |
| Cash From Investing Activities | -500.0K | 2.900M | 4.900M |
| Cash From Financing Activities | -6.300M | 4.000M | -8.300M |
| Net Change In Cash | -9.200M | -1.300M | 1.600M |
| YoY Change | -675.0% | -66.31% | -121.62% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | -$2.400M | -$8.200M | $5.000M |
| Capital Expenditures | -$100.0K | -$800.0K | -$100.0K |
| Free Cash Flow | -$2.300M | -$7.400M | $5.100M |
| YoY Change | -145.1% | -150.84% | -179.69% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2013 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
12340468 | |
| CY2011 | ifmi |
Earnings Per Share Adjustment
EarningsPerShareAdjustment
|
914000 | |
| CY2012 | ifmi |
Earnings Per Share Adjustment
EarningsPerShareAdjustment
|
307000 | |
| CY2013 | ifmi |
Earnings Per Share Adjustment
EarningsPerShareAdjustment
|
876000 | |
| CY2013 | ifmi |
Reclassification Equity Method Investee
ReclassificationEquityMethodInvestee
|
705000 | |
| CY2012 | ifmi |
Reorganization Of Equity Method Investee
ReorganizationOfEquityMethodInvestee
|
1841000 | |
| CY2012 | ifmi |
Stock Surrendered During Period Shares
StockSurrenderedDuringPeriodShares
|
116595 | |
| CY2011 | ifmi |
Unrestricted Units Exchangeable Into Shares
UnrestrictedUnitsExchangeableIntoShares
|
5269323 | |
| CY2012 | ifmi |
Unrestricted Units Exchangeable Into Shares
UnrestrictedUnitsExchangeableIntoShares
|
5252198 | |
| CY2013 | ifmi |
Unrestricted Units Exchangeable Into Shares
UnrestrictedUnitsExchangeableIntoShares
|
5324090 | |
| CY2013 | ifmi |
Vesting Of Shares
VestingOfShares
|
90135 | |
| CY2011 | us-gaap |
Dilutive Securities Effect On Basic Earnings Per Share Other
DilutiveSecuritiesEffectOnBasicEarningsPerShareOther
|
-5571000 | |
| CY2012 | us-gaap |
Dilutive Securities Effect On Basic Earnings Per Share Other
DilutiveSecuritiesEffectOnBasicEarningsPerShareOther
|
-857000 | |
| CY2013 | us-gaap |
Dilutive Securities Effect On Basic Earnings Per Share Other
DilutiveSecuritiesEffectOnBasicEarningsPerShareOther
|
-6592000 | |
| CY2012 | us-gaap |
Fair Value Assets Measured On Recurring Basis Change In Unrealized Gain Loss
FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss
|
-6653000 | |
| CY2012Q4 | us-gaap |
Goodwill
Goodwill
|
11113000 | |
| CY2013Q4 | us-gaap |
Goodwill
Goodwill
|
11113000 | |
| CY2012Q4 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
332000 | |
| CY2013Q4 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
483000 | |
| CY2013Q4 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
|
||
| CY2013 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
3000000 | |
| CY2013Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
|
||
| CY2013 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
|
4.00 | |
| CY2013Q4 | us-gaap |
Shares Issued
SharesIssued
|
14809705 | |
| CY2011 | us-gaap |
Stock Issued During Period Shares Restricted Stock Award Forfeited
StockIssuedDuringPeriodSharesRestrictedStockAwardForfeited
|
1348361 | |
| CY2012 | us-gaap |
Stock Issued During Period Shares Restricted Stock Award Forfeited
StockIssuedDuringPeriodSharesRestrictedStockAwardForfeited
|
1508353 | |
| CY2011 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
15901258 | |
| CY2012 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
15984921 | |
| CY2013 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
17664558 |
