$CRTG
CORETEC GROUP INC.

2015 Q1 Form 10-K Financial Statement

#000114420415019975 Filed on March 31, 2015

View on sec.gov

Income Statement

Concept 2015 Q1 2014 2013
Revenue $5.122K $85.75K $48.40K
YoY Change -86.78% 77.18% -23.99%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $260.0K $1.065M $1.080M
YoY Change -31.58% -1.37% -27.03%
% of Gross Profit
Research & Development $42.91K $198.6K $373.0K
YoY Change -28.88% -46.77% -28.19%
% of Gross Profit
Depreciation & Amortization $0.00 $4.280K
YoY Change -100.0% -22.59%
% of Gross Profit
Operating Expenses $42.91K $198.6K $373.0K
YoY Change -28.88% -46.77% -28.19%
Operating Profit
YoY Change
Interest Expense $8.624K $75.74K $80.36K
YoY Change -62.19% -5.75% -50.79%
% of Operating Profit
Other Income/Expense, Net $0.00
YoY Change
Pretax Income -$310.0K -$1.254M -$1.480M
YoY Change -26.19% -15.29% -29.52%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$305.3K -$1.254M -$1.482M
YoY Change -27.75% -15.41% -29.48%
Net Earnings / Revenue -5959.72% -1462.07% -3062.34%
Basic Earnings Per Share
Diluted Earnings Per Share -$161.5K -$954.5K -$4.229M
COMMON SHARES
Basic Shares Outstanding 612.7M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2015 Q1 2014 2013
SHORT-TERM ASSETS
Cash & Short-Term Investments $0.00 $34.49K $70.00K
YoY Change -100.0% -50.73%
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets $10.00K $17.15K $10.00K
YoY Change -50.0% 71.5% 0.0%
Inventory
Prepaid Expenses
Receivables $10.00K $0.00 $0.00
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $17.74K $51.63K $80.00K
YoY Change -45.17% -35.46% -11.11%
LONG-TERM ASSETS
Property, Plant & Equipment $0.00 $0.00
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $10.00K $5.440K $30.00K
YoY Change -50.0% -81.87%
Total Long-Term Assets $14.61K $5.440K $30.00K
YoY Change -2.9% -81.87% 200.0%
TOTAL ASSETS
Total Short-Term Assets $17.74K $51.63K $80.00K
Total Long-Term Assets $14.61K $5.440K $30.00K
Total Assets $32.35K $57.07K $110.0K
YoY Change -31.76% -48.12% 10.0%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $417.4K $384.6K $140.0K
YoY Change 88.85% 174.74% -56.25%
Accrued Expenses $240.0K $194.9K $20.00K
YoY Change 300.0% 874.4% 0.0%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $400.0K $0.00 $610.0K
YoY Change -20.0% -100.0% -7.58%
Total Short-Term Liabilities $1.074M $1.007M $960.0K
YoY Change 15.48% 4.89% -4.95%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0%
Other Long-Term Liabilities $0.00 $490.0K
YoY Change -100.0% 0.0%
Total Long-Term Liabilities $0.00 $0.00 $490.0K
YoY Change -100.0% -100.0% -12.5%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.074M $1.007M $960.0K
Total Long-Term Liabilities $0.00 $0.00 $490.0K
Total Liabilities $1.074M $1.007M $1.450M
YoY Change 15.48% -30.56% -7.64%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$1.040M -$949.8K -$1.340M
YoY Change
Total Liabilities & Shareholders Equity $30.00K $57.07K $110.0K
YoY Change -36.71% -48.12% 10.0%

Cashflow Statement

Concept 2015 Q1 2014 2013
OPERATING ACTIVITIES
Net Income -$305.3K -$1.254M -$1.482M
YoY Change -27.75% -15.41% -29.48%
Depreciation, Depletion And Amortization $0.00 $4.280K
YoY Change -100.0% -22.59%
Cash From Operating Activities -$163.4K -$650.4K -$1.063M
YoY Change -25.2% -38.81% -21.75%
INVESTING ACTIVITIES
Capital Expenditures $0.00 $0.00
YoY Change
Acquisitions
YoY Change
Other Investing Activities $0.00
YoY Change
Cash From Investing Activities $0.00 $0.00
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $195.0K
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $131.7K $614.1K $1.132M
YoY Change -16.21% -45.77% -15.63%
NET CHANGE
Cash From Operating Activities -$163.4K -$650.4K -$1.063M
Cash From Investing Activities 0.000 $0.00
Cash From Financing Activities $131.7K $614.1K $1.132M
Net Change In Cash -$31.74K -$36.28K $69.42K
YoY Change -48.24% -152.27% -525.47%
FREE CASH FLOW
Cash From Operating Activities -$163.4K -$650.4K -$1.063M
Capital Expenditures $0.00 $0.00
Free Cash Flow -$650.4K -$1.063M
YoY Change -38.81% -21.75%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2013Q4 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
485649 USD
CY2014Q4 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
0 USD
CY2013Q4 us-gaap Development Stage Enterprise Deficit Accumulated During Development Stage
DevelopmentStageEnterpriseDeficitAccumulatedDuringDevelopmentStage
20004871 USD
CY2014Q4 us-gaap Development Stage Enterprise Deficit Accumulated During Development Stage
DevelopmentStageEnterpriseDeficitAccumulatedDuringDevelopmentStage
21258575 USD
CY2008Q4 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
290000 USD
CY2013Q3 us-gaap Grants Receivable
GrantsReceivable
300000 USD
CY2013Q3 us-gaap Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
197631 USD
CY2013Q3 us-gaap Stock Issued During Period Shares Other
StockIssuedDuringPeriodSharesOther
650000 shares
CY2013Q3 tdcp Conversion Rate To Closing Bid Price
ConversionRateToClosingBidPrice
0.65 pure
CY2013Q3 tdcp Conversion Closing Bid Price
ConversionClosingBidPrice
0.002
CY2013Q4 us-gaap Convertible Debt Noncurrent
ConvertibleDebtNoncurrent
612744 USD
CY2014Q4 us-gaap Convertible Debt Noncurrent
ConvertibleDebtNoncurrent
405791 USD
CY2013Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
10000000 shares
CY2013Q2 tdcp Maximum Purchase Of Restricted Common Shares
MaximumPurchaseOfRestrictedCommonShares
10000000 shares
CY2013Q2 tdcp Maximum Purchase Of Restricted Common Shares Purchase Price Per Share
MaximumPurchaseOfRestrictedCommonSharesPurchasePricePerShare
0.01
CY2013Q2 tdcp Gross Proceeds From Options Agreements
GrossProceedsFromOptionsAgreements
100000 USD
CY2013Q4 us-gaap Payments For Repurchase Of Private Placement
PaymentsForRepurchaseOfPrivatePlacement
195000 USD
CY2013Q4 us-gaap Payments For Repurchase Of Private Placement
PaymentsForRepurchaseOfPrivatePlacement
195000 USD
CY2013Q4 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
195000 USD
CY2014Q1 tdcp Warrants To Purchase Of Common Stock
WarrantsToPurchaseOfCommonStock
50 shares
CY2014Q1 tdcp Purchase Price Per Share
PurchasePricePerShare
1.00
CY2014 us-gaap Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
195000 USD
CY2013Q4 us-gaap Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
195000 USD
CY2014 tdcp Conversion Price Of Stock
ConversionPriceOfStock
0.05
CY2014Q1 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
190000 USD
CY2014 tdcp Lease Agreement Signed Date
LeaseAgreementSignedDate
2008-04-24
CY2014 tdcp Lease Commencement Date
LeaseCommencementDate
2008-06-01
CY2014 us-gaap Lease Expiration Date1
LeaseExpirationDate1
2011-06-01
CY2013Q4 us-gaap Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
1685714 shares
CY2014Q4 us-gaap Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
1685714 shares
CY2013Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0002
CY2014Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0002
CY2013Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
500000 shares
CY2014Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
500000 shares
CY2013Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
195000 shares
CY2014Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
355000 shares
CY2013Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
195000 shares
CY2014Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
355000 shares
CY2013Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0002
CY2013Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
1500000000 shares
CY2013Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
248191444 shares
CY2013Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
248191444 shares
CY2013 us-gaap Sales Revenue Net
SalesRevenueNet
4500 USD
CY2014 us-gaap Sales Revenue Net
SalesRevenueNet
15000 USD
CY2013 us-gaap Revenues
Revenues
48396 USD
CY2014 us-gaap Revenues
Revenues
85748 USD
CY2013 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
372984 USD
CY2014 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
198550 USD
CY2013 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
1077106 USD
CY2014 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
1065167 USD
CY2013 us-gaap Interest Expense
InterestExpense
80355 USD
CY2014 us-gaap Interest Expense
InterestExpense
75735 USD
CY2013 us-gaap Costs And Expenses
CostsAndExpenses
1530445 USD
CY2014 us-gaap Costs And Expenses
CostsAndExpenses
1339452 USD
CY2013 us-gaap Net Income Loss
NetIncomeLoss
-1482049 USD
CY2013 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.014
CY2014 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.003
CY2013 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
105435660 shares
CY2014 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
394420243 shares
CY2012Q4 us-gaap Stockholders Equity
StockholdersEquity
-1468849 USD
CY2013 tdcp Stock Issued During Period Value Stock Options And Warrants Exercised
StockIssuedDuringPeriodValueStockOptionsAndWarrantsExercised
420740 USD
CY2014 tdcp Stock Issued During Period Value Stock Options And Warrants Exercised
StockIssuedDuringPeriodValueStockOptionsAndWarrantsExercised
513390 USD
CY2013 tdcp Issuance Of Common Stock In Exchange For Convertible Notes Value
IssuanceOfCommonStockInExchangeForConvertibleNotesValue
568828 USD
CY2014 tdcp Issuance Of Common Stock In Exchange For Convertible Notes Value
IssuanceOfCommonStockInExchangeForConvertibleNotesValue
336552 USD
CY2013 us-gaap Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
295350 USD
CY2014 us-gaap Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
108500 USD
CY2013 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
61434 USD
CY2014 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
77109 USD
CY2013 us-gaap Depreciation
Depreciation
4280 USD
CY2014 us-gaap Depreciation
Depreciation
0 USD
CY2013 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-13028 USD
CY2014 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
0 USD
CY2013 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
1309 USD
CY2014 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
3230 USD
CY2013 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
46327 USD
CY2014 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
420911 USD
CY2013 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-1062939 USD
CY2014 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-650414 USD
CY2013 us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
969810 USD
CY2014 us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
539310 USD
CY2013 us-gaap Proceeds From Repayments Of Other Long Term Debt
ProceedsFromRepaymentsOfOtherLongTermDebt
-120520 USD
CY2014 us-gaap Proceeds From Repayments Of Other Long Term Debt
ProceedsFromRepaymentsOfOtherLongTermDebt
-140680 USD
CY2013 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
283068 USD
CY2014 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
215500 USD
CY2013 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1132358 USD
CY2014 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
614130 USD
CY2013 us-gaap Cash Period Increase Decrease
CashPeriodIncreaseDecrease
69419 USD
CY2014 us-gaap Cash Period Increase Decrease
CashPeriodIncreaseDecrease
-36284 USD
CY2012Q4 us-gaap Cash
Cash
1350 USD
CY2013 us-gaap Debt Conversion Original Debt Amount1
DebtConversionOriginalDebtAmount1
568828 USD
CY2014 us-gaap Debt Conversion Original Debt Amount1
DebtConversionOriginalDebtAmount1
336552 USD
CY2013 us-gaap Interest Paid
InterestPaid
21145 USD
CY2014 us-gaap Interest Paid
InterestPaid
11928 USD
CY2013 us-gaap Stock Issued1
StockIssued1
31500 USD
CY2014 us-gaap Stock Issued1
StockIssued1
6267 USD
CY2013 us-gaap Notes Issued1
NotesIssued1
197631 USD
CY2014 us-gaap Notes Issued1
NotesIssued1
0 USD
CY2014 dei Document Type
DocumentType
10-K
CY2014 dei Amendment Flag
AmendmentFlag
false
CY2014 dei Document Period End Date
DocumentPeriodEndDate
2014-12-31
CY2014 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
CY2014 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2014 dei Entity Registrant Name
EntityRegistrantName
3DICON CORP
CY2014 dei Entity Central Index Key
EntityCentralIndexKey
0001375195
CY2014 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2014 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No
CY2014 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2014 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2014 dei Entity Filer Category
EntityFilerCategory
Smaller Reporting Company
CY2014Q2 dei Entity Public Float
EntityPublicFloat
3438716 USD
CY2014 dei Trading Symbol
TradingSymbol
TDCP
CY2015Q1 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
612664741 shares
CY2014 us-gaap Use Of Estimates
UseOfEstimates
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt"> <i><font style="FONT-SIZE: 10pt">Use of estimates</font></i></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt"> <font style="FONT-SIZE: 10pt">&#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt"> <font style="FONT-SIZE: 10pt">The preparation of financial statements in conformity with U. S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues, expenses and the disclosure of contingent assets and liabilities. Actual results could differ from the estimates and assumptions used.</font></div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
CY2013 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
33321337 shares
CY2014 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
42819990 shares
CY2014 tdcp Share Based Goods And Nonemployee Services Transaction Stock Option Description
ShareBasedGoodsAndNonemployeeServicesTransactionStockOptionDescription
100% of this monthly fee in registered stock at 50% discount to market; and the Company, at its option, may pay up to 50% of Concordia's monthly invoice in registered stock, at 50% discount to market, provided that the payment of stock is made within ten (10) days of receipt of invoice and further provided that the stock trades above $.30 per share at any time during the last business day of the month
CY2014Q4 tdcp Non Cancelable Lease Agreements Future Minimum Payments Due In Two Years
NonCancelableLeaseAgreementsFutureMinimumPaymentsDueInTwoYears
13000 USD
CY2014 us-gaap Conversion Of Stock Amount Issued1
ConversionOfStockAmountIssued1
0 USD
CY2014 tdcp Stock Issued During Period Value Subject To Expired Put Calls Restored
StockIssuedDuringPeriodValueSubjectToExpiredPutCallsRestored
485649 USD
CY2014Q3 tdcp Conversion Closing Bid Price
ConversionClosingBidPrice
01

Files In Submission

Name View Source Status
0001144204-15-019975-index-headers.html Edgar Link pending
0001144204-15-019975-index.html Edgar Link pending
0001144204-15-019975.txt Edgar Link pending
0001144204-15-019975-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
Financial_Report.xlsx Edgar Link pending
image_001.jpg Edgar Link pending
image_002.jpg Edgar Link pending
image_003.jpg Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R4.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
tdcp-20141231.xml Edgar Link completed
tdcp-20141231.xsd Edgar Link pending
tdcp-20141231_cal.xml Edgar Link unprocessable
tdcp-20141231_def.xml Edgar Link unprocessable
tdcp-20141231_lab.xml Edgar Link unprocessable
tdcp-20141231_pre.xml Edgar Link unprocessable
v404927_10k.htm Edgar Link pending
v404927_ex31-1.htm Edgar Link pending
v404927_ex31-2.htm Edgar Link pending
v404927_ex32-1.htm Edgar Link pending
v404927_ex32-2.htm Edgar Link pending