2019 Q4 Form 10-Q Financial Statement

#000162828019013646 Filed on November 07, 2019

View on sec.gov

Income Statement

Concept 2019 Q4 2019 Q3 2018 Q4
Revenue $90.00K $51.69K $80.00K
YoY Change 12.5% -41.5% -56.76%
Cost Of Revenue $0.00 $0.00 $0.00
YoY Change -100.0% -100.0%
Gross Profit $90.00K $51.69K $80.00K
YoY Change 12.5% -16.21% -140.0%
Gross Profit Margin 100.0% 100.0% 100.0%
Selling, General & Admin $1.520M $1.440M $1.680M
YoY Change -9.52% -13.5% -9.19%
% of Gross Profit 1688.89% 2786.66% 2100.0%
Research & Development $2.860M $2.819M $2.500M
YoY Change 14.4% 54.0% 103.25%
% of Gross Profit 3177.78% 5453.64% 3125.0%
Depreciation & Amortization $360.0K $40.00K $160.0K
YoY Change 125.0% -81.82% -44.83%
% of Gross Profit 400.0% 77.39% 200.0%
Operating Expenses $4.380M $4.259M $4.180M
YoY Change 4.78% 8.0% 5.32%
Operating Profit -$4.290M -$4.207M -$4.100M
YoY Change 4.63% 9.13% -1.66%
Interest Expense $50.00K $0.00 $110.0K
YoY Change -54.55% -100.0% -92.03%
% of Operating Profit
Other Income/Expense, Net $0.00 -$1.103K -$170.0K
YoY Change -100.0% -147.58% 0.0%
Pretax Income -$4.240M -$4.140M -$4.160M
YoY Change 1.92% 9.81% 61.87%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$4.240M -$4.142M -$4.160M
YoY Change 1.92% 9.87% 61.87%
Net Earnings / Revenue -4711.11% -8012.75% -5200.0%
Basic Earnings Per Share -$0.71
Diluted Earnings Per Share -$485.7K -$0.71 -$1.081M
COMMON SHARES
Basic Shares Outstanding 7.742M shares 5.823M shares 22.99M shares
Diluted Shares Outstanding 5.823M shares

Balance Sheet

Concept 2019 Q4 2019 Q3 2018 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $10.20M $9.000M $11.50M
YoY Change -11.3% -40.4% 40.24%
Cash & Equivalents $10.20M $9.032M $11.45M
Short-Term Investments
Other Short-Term Assets $1.000M $800.0K $1.100M
YoY Change -9.09% 0.0% -8.33%
Inventory
Prepaid Expenses $955.0K $792.5K $1.144M
Receivables $203.5K $152.0K $167.8K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $11.35M $9.977M $12.77M
YoY Change -11.06% -37.81% 34.82%
LONG-TERM ASSETS
Property, Plant & Equipment $877.8K $271.4K $1.304M
YoY Change -32.7% -83.33% -46.24%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $157.6K $170.9K $102.8K
YoY Change 53.29% -31.53% -73.64%
Total Long-Term Assets $1.733M $1.946M $1.407M
YoY Change 23.14% 3.65% -50.03%
TOTAL ASSETS
Total Short-Term Assets $11.35M $9.977M $12.77M
Total Long-Term Assets $1.733M $1.946M $1.407M
Total Assets $13.09M $11.92M $14.17M
YoY Change -7.66% -33.47% 15.36%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $656.3K $492.4K $664.8K
YoY Change -1.28% 3.37% -19.44%
Accrued Expenses $3.260M $2.842M $1.772M
YoY Change 83.99% 65.43% 21.81%
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 $4.782M $4.171M $2.923M
YoY Change 63.57% 56.41% -25.91%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $128.4K $1.100M $42.00K
YoY Change 205.64% -15.38% -97.67%
Total Long-Term Liabilities $128.4K $1.100M $42.00K
YoY Change 205.64% -15.38% -97.67%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.782M $4.171M $2.923M
Total Long-Term Liabilities $128.4K $1.100M $42.00K
Total Liabilities $5.775M $5.266M $4.088M
YoY Change 41.26% 33.63% -29.25%
SHAREHOLDERS EQUITY
Retained Earnings -$208.9M -$204.6M -$192.2M
YoY Change 8.69% 8.84% 11.06%
Common Stock $8.312K $8.096K $7.742K
YoY Change 7.36% 4.63% 46.66%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $7.312M $6.656M $10.08M
YoY Change
Total Liabilities & Shareholders Equity $13.09M $11.92M $14.17M
YoY Change -7.66% -33.47% 15.36%

Cashflow Statement

Concept 2019 Q4 2019 Q3 2018 Q4
OPERATING ACTIVITIES
Net Income -$4.240M -$4.142M -$4.160M
YoY Change 1.92% 9.87% 61.87%
Depreciation, Depletion And Amortization $360.0K $40.00K $160.0K
YoY Change 125.0% -81.82% -44.83%
Cash From Operating Activities -$3.280M -$3.190M -$3.610M
YoY Change -9.14% -8.33% 8.41%
INVESTING ACTIVITIES
Capital Expenditures $0.00 -$60.00K $0.00
YoY Change -100.0%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00 $0.00
YoY Change -100.0%
Cash From Investing Activities $0.00 -$60.00K $0.00
YoY Change -200.0% -100.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 4.440M 1.490M 0.000
YoY Change -100.0%
NET CHANGE
Cash From Operating Activities -3.280M -3.190M -3.610M
Cash From Investing Activities 0.000 -60.00K 0.000
Cash From Financing Activities 4.440M 1.490M 0.000
Net Change In Cash 1.160M -1.760M -3.610M
YoY Change -132.13% -48.54% -568.83%
FREE CASH FLOW
Cash From Operating Activities -$3.280M -$3.190M -$3.610M
Capital Expenditures $0.00 -$60.00K $0.00
Free Cash Flow -$3.280M -$3.130M -$3.610M
YoY Change -9.14% -10.06% 7.12%

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us-gaap Proceeds From Payments For Other Financing Activities
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CY2018Q4 us-gaap Property Plant And Equipment Net
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us-gaap Repayments Of Long Term Lines Of Credit
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187500 USD
us-gaap Restructuring Costs And Asset Impairment Charges
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0 USD
CY2018Q4 us-gaap Retained Earnings Accumulated Deficit
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CY2018Q3 us-gaap Revenues
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CY2019Q3 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
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CY2018Q3 us-gaap Stockholders Equity
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CY2019Q3 us-gaap Sublease Income
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CY2018Q3 us-gaap Unrealized Gain Loss On Derivatives
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579040 USD
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CY2018Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2019Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2018Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2019Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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5056794 shares

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