2017 Q3 Form 10-Q Financial Statement

#000162828017009317 Filed on September 14, 2017

View on sec.gov

Income Statement

Concept 2017 Q3 2016 Q3
Revenue $5.033M $3.670M
YoY Change 37.14% 30.05%
Cost Of Revenue $2.642M $2.520M
YoY Change 4.84% 11.01%
Gross Profit $2.391M $1.150M
YoY Change 107.91% 109.09%
Gross Profit Margin 47.51% 31.34%
Selling, General & Admin $1.892M $2.459M
YoY Change -23.06% 4.82%
% of Gross Profit 79.13% 213.83%
Research & Development $1.118M $1.211M
YoY Change -7.68% 10.09%
% of Gross Profit 46.76% 105.3%
Depreciation & Amortization $36.00K $39.00K
YoY Change -7.69% 5.41%
% of Gross Profit 1.51% 3.39%
Operating Expenses $5.652M $6.193M
YoY Change -8.74% 8.29%
Operating Profit -$619.0K -$2.523M
YoY Change -75.47% -12.91%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net -$51.00K -$9.000K
YoY Change 466.67% -10.0%
Pretax Income -$670.0K -$2.532M
YoY Change -73.54% -12.9%
Income Tax $4.000K $14.00K
% Of Pretax Income
Net Earnings -$674.0K -$2.546M
YoY Change -73.53% -12.6%
Net Earnings / Revenue -13.39% -69.37%
Basic Earnings Per Share -$0.06
Diluted Earnings Per Share -$0.06 -$259.1K
COMMON SHARES
Basic Shares Outstanding 10.98M shares 9.835M shares
Diluted Shares Outstanding 10.98M shares

Balance Sheet

Concept 2017 Q3 2016 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $430.0K $4.460M
YoY Change -90.36% -34.02%
Cash & Equivalents $400.0K $4.463M
Short-Term Investments
Other Short-Term Assets $360.0K $350.0K
YoY Change 2.86% -5.41%
Inventory
Prepaid Expenses
Receivables $2.667M $1.628M
Other Receivables $0.00 $0.00
Total Short-Term Assets $3.457M $6.440M
YoY Change -46.32% -24.94%
LONG-TERM ASSETS
Property, Plant & Equipment $2.084M $590.0K
YoY Change 253.22% 31.11%
Goodwill $669.0K $669.0K
YoY Change 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $107.0K $150.0K
YoY Change -28.67% 0.0%
Total Long-Term Assets $3.010M $1.409M
YoY Change 113.63% 10.94%
TOTAL ASSETS
Total Short-Term Assets $3.457M $6.440M
Total Long-Term Assets $3.010M $1.409M
Total Assets $6.467M $7.849M
YoY Change -17.61% -20.31%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.732M $1.509M
YoY Change 14.78% 4.79%
Accrued Expenses $551.0K $220.0K
YoY Change 150.45% -47.62%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $30.00K
YoY Change
Total Short-Term Liabilities $6.020M $4.426M
YoY Change 36.01% 17.71%
LONG-TERM LIABILITIES
Long-Term Debt $30.00K $0.00
YoY Change
Other Long-Term Liabilities $157.0K $247.0K
YoY Change -36.44% 30.0%
Total Long-Term Liabilities $157.0K $247.0K
YoY Change -36.44% 30.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $6.020M $4.426M
Total Long-Term Liabilities $157.0K $247.0K
Total Liabilities $6.177M $4.673M
YoY Change 32.18% 18.3%
SHAREHOLDERS EQUITY
Retained Earnings -$70.02M -$65.01M
YoY Change 7.71%
Common Stock $71.57M $69.44M
YoY Change 3.06%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.252M $1.252M
YoY Change 0.0%
Treasury Stock Shares 269.7K shares 269.7K shares
Shareholders Equity $290.0K $3.176M
YoY Change
Total Liabilities & Shareholders Equity $6.467M $7.849M
YoY Change -17.61% -20.31%

Cashflow Statement

Concept 2017 Q3 2016 Q3
OPERATING ACTIVITIES
Net Income -$674.0K -$2.546M
YoY Change -73.53% -12.6%
Depreciation, Depletion And Amortization $36.00K $39.00K
YoY Change -7.69% 5.41%
Cash From Operating Activities -$1.948M -$2.439M
YoY Change -20.13% -4.09%
INVESTING ACTIVITIES
Capital Expenditures $910.0K $17.00K
YoY Change 5252.94% -41.38%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$910.0K -$17.00K
YoY Change 5252.94% -41.38%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00 $4.340M
YoY Change -100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$7.000K $4.334M
YoY Change -100.16% -17436.0%
NET CHANGE
Cash From Operating Activities -$1.948M -$2.439M
Cash From Investing Activities -$910.0K -$17.00K
Cash From Financing Activities -$7.000K $4.334M
Net Change In Cash -$2.865M $1.878M
YoY Change -252.56% -172.31%
FREE CASH FLOW
Cash From Operating Activities -$1.948M -$2.439M
Capital Expenditures $910.0K $17.00K
Free Cash Flow -$2.858M -$2.456M
YoY Change 16.37% -4.51%

Facts In Submission

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0.8710
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ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMaximum
0.9560
CY2016Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMinimum
0.732
CY2017Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0198
CY2016Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
0.0125
CY2016Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
0.00750
CY2017Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
2320431 shares
CY2017Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
2.85
CY2017Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
0 shares
CY2017Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
1875 shares
CY2017Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
194977 shares
CY2016Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
1.79
CY2017Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
1.84
CY2017Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
1282000 USD
CY2017Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
1720000 USD
CY2017Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
2308704 shares
CY2017Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
2501806 shares
CY2017Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
2.86
CY2017Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
2.83
CY2017Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
1720000 USD
CY2017Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
2501806 shares
CY2017Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
2.83
CY2017Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Plan Modification Incremental Compensation Cost
ShareBasedCompensationArrangementByShareBasedPaymentAwardPlanModificationIncrementalCompensationCost
56529 USD
CY2017Q3 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0
CY2017Q3 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
0.00
CY2017Q3 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
7.76
CY2017Q3 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
2.51
CY2017Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y
CY2017Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
1608000 USD
CY2017Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P6Y
CY2017 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P6Y1M6D
CY2017Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P6Y1M1D
CY2017Q3 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
0 shares
CY2017Q2 us-gaap Stockholders Equity
StockholdersEquity
400000 USD
CY2017Q3 us-gaap Stockholders Equity
StockholdersEquity
290000 USD
CY2017Q2 us-gaap Treasury Stock Shares
TreasuryStockShares
269685 shares
CY2017Q3 us-gaap Treasury Stock Shares
TreasuryStockShares
269685 shares
CY2017Q2 us-gaap Treasury Stock Value
TreasuryStockValue
1252000 USD
CY2017Q3 us-gaap Treasury Stock Value
TreasuryStockValue
1252000 USD
CY2017Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
121000 USD
CY2017Q3 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
121000 USD
CY2016Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
9835279 shares
CY2017Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
10982159 shares
CY2016Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
9835279 shares
CY2017Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
10982159 shares

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0001628280-17-009317.txt Edgar Link pending
0001628280-17-009317-xbrl.zip Edgar Link pending
csbr-20170731.xml Edgar Link completed
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csbr-20170731_cal.xml Edgar Link unprocessable
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csbr-20170731_pre.xml Edgar Link unprocessable
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