2014 Q1 Form 10-Q Financial Statement

#000114420414030461 Filed on May 14, 2014

View on sec.gov

Income Statement

Concept 2014 Q1 2013 Q1 2012
Revenue $0.00 $0.00 $0.00
YoY Change
Cost Of Revenue $421.0K
YoY Change
Gross Profit -$421.0K
YoY Change
Gross Profit Margin
Selling, General & Admin $1.140M $2.010M $2.040M
YoY Change -43.28% 528.12% 1175.0%
% of Gross Profit
Research & Development $1.107M $675.0K $1.501M
YoY Change 64.0% 1776.58%
% of Gross Profit
Depreciation & Amortization $198.0K $117.0K $24.32K
YoY Change 69.23%
% of Gross Profit
Operating Expenses $2.247M $675.0K $1.501M
YoY Change 232.89% 37.76% 552.72%
Operating Profit -$2.668M -$3.076M -$3.974M
YoY Change -13.26%
Interest Expense $140.0K -$2.150M -$1.710M
YoY Change -106.51% 2587.5% -17200.0%
% of Operating Profit
Other Income/Expense, Net -$316.0K -$15.00K -$1.712M
YoY Change 2006.67% 970.1%
Pretax Income -$2.980M -$5.230M $2.988M
YoY Change -43.02% 817.54% -866.08%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income 0.0%
Net Earnings -$2.984M -$5.227M -$5.687M
YoY Change -42.91% 816.99% 1358.21%
Net Earnings / Revenue
Basic Earnings Per Share -$0.14 -$0.35
Diluted Earnings Per Share -$0.14 -$0.35 -$569.0M
COMMON SHARES
Basic Shares Outstanding 21.27B shares 14.81B shares
Diluted Shares Outstanding 21.42M shares 14.81M shares

Balance Sheet

Concept 2014 Q1 2013 Q1 2012
SHORT-TERM ASSETS
Cash & Short-Term Investments $4.000M $300.0K $1.250M
YoY Change 1233.33% 35.87%
Cash & Equivalents $3.812M $294.0K $1.230M
Short-Term Investments $200.0K $0.00 $20.00K
Other Short-Term Assets $600.0K $0.00 $410.0K
YoY Change 4000.0%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $4.600M $700.0K $1.670M
YoY Change 557.14% 79.57%
LONG-TERM ASSETS
Property, Plant & Equipment $1.100M $1.300M $620.0K
YoY Change -15.38% 3000.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $0.00 $0.00 $30.00K
YoY Change 50.0%
Total Long-Term Assets $1.100M $1.400M $650.0K
YoY Change -21.43% 1200.0%
TOTAL ASSETS
Total Short-Term Assets $4.600M $700.0K $1.670M
Total Long-Term Assets $1.100M $1.400M $650.0K
Total Assets $5.700M $2.100M $2.320M
YoY Change 171.43% 136.73%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $500.0K $700.0K $250.0K
YoY Change -28.57% 733.33%
Accrued Expenses $320.0K
YoY Change 255.56%
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 $1.217M $1.200M $570.0K
YoY Change 1.42% 375.0%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $5.800M $5.000M $2.820M
YoY Change 16.0% 327.27%
Total Long-Term Liabilities $5.800M $5.000M $2.820M
YoY Change 16.0% 327.27%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.217M $1.200M $570.0K
Total Long-Term Liabilities $5.800M $5.000M $2.820M
Total Liabilities $7.000M $6.100M $3.380M
YoY Change 14.75% 327.85%
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 -$1.300M -$4.086M -$1.070M
YoY Change
Total Liabilities & Shareholders Equity $5.700M $2.100M $2.320M
YoY Change 171.43% 136.73%

Cashflow Statement

Concept 2014 Q1 2013 Q1 2012
OPERATING ACTIVITIES
Net Income -$2.984M -$5.227M -$5.687M
YoY Change -42.91% 816.99% 1358.21%
Depreciation, Depletion And Amortization $198.0K $117.0K $24.32K
YoY Change 69.23%
Cash From Operating Activities -$2.340M -$970.0K -$2.980M
YoY Change 141.24% 203.13% 2028.57%
INVESTING ACTIVITIES
Capital Expenditures $116.0K -$460.0K $534.6K
YoY Change -125.22% 4500.0% -2773.17%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00 -$30.00K
YoY Change 0.0%
Cash From Investing Activities -$120.0K -$460.0K -$560.0K
YoY Change -73.91% 4500.0% 833.33%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 4.000M 500.0K 3.870M
YoY Change 700.0% -45.65% 251.82%
NET CHANGE
Cash From Operating Activities -2.340M -970.0K -2.980M
Cash From Investing Activities -120.0K -460.0K -560.0K
Cash From Financing Activities 4.000M 500.0K 3.870M
Net Change In Cash 1.540M -930.0K 330.0K
YoY Change -265.59% -257.63% -63.33%
FREE CASH FLOW
Cash From Operating Activities -$2.340M -$970.0K -$2.980M
Capital Expenditures $116.0K -$460.0K $534.6K
Free Cash Flow -$2.456M -$510.0K -$3.515M
YoY Change 381.57% 64.52% 2828.86%

Facts In Submission

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<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <table style="MARGIN-TOP: 0px; FONT: bold 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px; font-size-adjust: none; font-stretch: normal" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="TEXT-ALIGN: left; WIDTH: 56.7pt"> <div>NOTE&#160;3:-</div> </td> <td style="TEXT-ALIGN: justify"> <div>UNAUDITED INTERIM FINANCIAL STATEMENTS</div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: -28.35pt; MARGIN: 0pt 0px 0pt 85.05pt; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0in; MARGIN: 0pt 0px 0pt 56.7pt; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" align="justify">The accompanying unaudited interim consolidated financial statements as of March 31, 2014, have been prepared in accordance with U.S. generally accepted accounting principles and standards of the Public Company Accounting Oversight Board for interim financial information. Accordingly, they do not include all the information and footnotes required by generally accepted accounting principles in the United States for complete financial statements. In the opinion of management, the unaudited interim consolidated financial statements include all adjustments of a normal recurring nature necessary for a fair presentation of the Company's consolidated financial position as of March 31, 2014, and&#160;the Company's consolidated results of operations and the Company's consolidated cash flows for the three months ended March 31, 2014. Results for the three months ended March 31, 2014 are not necessarily indicative of the results that may be expected for the year ended December 31, 2014.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
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EarningsPerShareBasic
-0.14
CY2013Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
14808563000 shares
CY2014Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
21274831000 shares
CY2013Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.35
CY2014Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.14
CY2013Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
14808563 shares
CY2014Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
21418439 shares

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0001144204-14-030461.txt Edgar Link pending
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drio-20140331.xml Edgar Link completed
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