2014 Q1 Form 10-Q Financial Statement
#000114036114019389 Filed on May 07, 2014
Income Statement
| Concept | 2014 Q1 |
|---|---|
| Revenue | $310.0K |
| YoY Change | -18.42% |
| Cost Of Revenue | $93.00K |
| YoY Change | 210.0% |
| Gross Profit | $217.0K |
| YoY Change | -38.0% |
| Gross Profit Margin | 70.0% |
| Selling, General & Admin | $3.819M |
| YoY Change | -37.19% |
| % of Gross Profit | 1759.91% |
| Research & Development | $1.457M |
| YoY Change | -67.4% |
| % of Gross Profit | 671.43% |
| Depreciation & Amortization | $249.0K |
| YoY Change | -17.0% |
| % of Gross Profit | 114.75% |
| Operating Expenses | $5.276M |
| YoY Change | -49.99% |
| Operating Profit | -$5.059M |
| YoY Change | -50.4% |
| Interest Expense | -$200.0K |
| YoY Change | -91.15% |
| % of Operating Profit | |
| Other Income/Expense, Net | -$15.00K |
| YoY Change | -96.05% |
| Pretax Income | -$5.280M |
| YoY Change | -58.91% |
| Income Tax | |
| % Of Pretax Income | |
| Net Earnings | -$5.278M |
| YoY Change | -58.93% |
| Net Earnings / Revenue | -1702.58% |
| Basic Earnings Per Share | -$0.57 |
| Diluted Earnings Per Share | -$0.57 |
| COMMON SHARES | |
| Basic Shares Outstanding | |
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2014 Q1 |
|---|---|
| SHORT-TERM ASSETS | |
| Cash & Short-Term Investments | $31.25M |
| YoY Change | -26.99% |
| Cash & Equivalents | $31.25M |
| Short-Term Investments | |
| Other Short-Term Assets | $315.0K |
| YoY Change | -81.14% |
| Inventory | $620.0K |
| Prepaid Expenses | |
| Receivables | $180.0K |
| Other Receivables | $300.0K |
| Total Short-Term Assets | $33.35M |
| YoY Change | -27.09% |
| LONG-TERM ASSETS | |
| Property, Plant & Equipment | $2.740M |
| YoY Change | -27.32% |
| Goodwill | |
| YoY Change | |
| Intangibles | |
| YoY Change | |
| Long-Term Investments | |
| YoY Change | |
| Other Assets | |
| YoY Change | |
| Total Long-Term Assets | $2.730M |
| YoY Change | -27.59% |
| TOTAL ASSETS | |
| Total Short-Term Assets | $33.35M |
| Total Long-Term Assets | $2.730M |
| Total Assets | $36.08M |
| YoY Change | -27.13% |
| SHORT-TERM LIABILITIES | |
| YoY Change | |
| Accounts Payable | $330.0K |
| YoY Change | -78.15% |
| Accrued Expenses | $2.990M |
| YoY Change | -26.72% |
| Deferred Revenue | |
| YoY Change | |
| Short-Term Debt | $0.00 |
| YoY Change | |
| Long-Term Debt Due | |
| YoY Change | |
| Total Short-Term Liabilities | $6.210M |
| YoY Change | -43.9% |
| LONG-TERM LIABILITIES | |
| Long-Term Debt | $0.00 |
| YoY Change | |
| Other Long-Term Liabilities | $230.0K |
| YoY Change | 2200.0% |
| Total Long-Term Liabilities | $230.0K |
| YoY Change | 2200.0% |
| TOTAL LIABILITIES | |
| Total Short-Term Liabilities | $6.210M |
| Total Long-Term Liabilities | $230.0K |
| Total Liabilities | $6.430M |
| YoY Change | -41.97% |
| SHAREHOLDERS EQUITY | |
| Retained Earnings | |
| YoY Change | |
| Common Stock | |
| YoY Change | |
| Preferred Stock | |
| YoY Change | |
| Treasury Stock (at cost) | $51.00K |
| YoY Change | |
| Treasury Stock Shares | |
| Shareholders Equity | $29.65M |
| YoY Change | |
| Total Liabilities & Shareholders Equity | $36.08M |
| YoY Change | -27.13% |
Cashflow Statement
| Concept | 2014 Q1 |
|---|---|
| OPERATING ACTIVITIES | |
| Net Income | -$5.278M |
| YoY Change | -58.93% |
| Depreciation, Depletion And Amortization | $249.0K |
| YoY Change | -17.0% |
| Cash From Operating Activities | -$4.490M |
| YoY Change | -58.96% |
| INVESTING ACTIVITIES | |
| Capital Expenditures | $0.00 |
| YoY Change | -100.0% |
| Acquisitions | |
| YoY Change | |
| Other Investing Activities | |
| YoY Change | |
| Cash From Investing Activities | $0.00 |
| YoY Change | -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 | 4.500M |
| YoY Change | -85.01% |
| NET CHANGE | |
| Cash From Operating Activities | -4.490M |
| Cash From Investing Activities | 0.000 |
| Cash From Financing Activities | 4.500M |
| Net Change In Cash | 10.00K |
| YoY Change | -99.95% |
| FREE CASH FLOW | |
| Cash From Operating Activities | -$4.490M |
| Capital Expenditures | $0.00 |
| Free Cash Flow | -$4.490M |
| YoY Change | -58.85% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2014Q1 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
315000 | |
| CY2013Q4 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
314000 | |
| CY2014Q1 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
817000 | |
| CY2013Q4 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
1029000 | |
| CY2014Q1 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
51000 | |
| CY2013Q4 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
51000 | |
| CY2014Q1 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
9300078 | |
| CY2013Q1 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
5342976 | |
| CY2014Q1 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.57 | |
| CY2013Q1 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-2.40 |
