2020 Q3 Form 10-Q Financial Statement

#000156459020050870 Filed on November 05, 2020

View on sec.gov

Income Statement

Concept 2020 Q3 2019 Q4 2019 Q3
Revenue $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $3.840M $2.786M
YoY Change
% of Gross Profit
Research & Development $9.679M $11.04M $2.982M
YoY Change 224.58%
% of Gross Profit
Depreciation & Amortization $200.0K $250.0K $100.0K
YoY Change 100.0%
% of Gross Profit
Operating Expenses $13.52M $13.83M $2.982M
YoY Change 353.39%
Operating Profit -$13.52M -$3.629M
YoY Change 272.55%
Interest Expense -$130.0K $290.0K
YoY Change
% of Operating Profit
Other Income/Expense, Net -$400.0K -$1.323M -$2.242M
YoY Change -82.16%
Pretax Income -$13.92M -$14.86M
YoY Change
Income Tax
% Of Pretax Income
Net Earnings -$13.92M -$14.86M -$5.871M
YoY Change 137.1%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share -$319.3K -$340.9K
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2020 Q3 2019 Q4 2019 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $379.6M $14.63M
YoY Change
Cash & Equivalents $379.6M $14.63M $17.77M
Short-Term Investments $0.00
Other Short-Term Assets $200.0K
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $379.8M $14.76M
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $1.441M $1.486M
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $191.0K $191.0K
YoY Change
Total Long-Term Assets $1.632M $1.677M
YoY Change
TOTAL ASSETS
Total Short-Term Assets $379.8M $14.76M
Total Long-Term Assets $1.632M $1.677M
Total Assets $381.5M $16.44M
YoY Change
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.488M $1.256M
YoY Change
Accrued Expenses $2.700M
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $4.678M $2.358M
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt $9.936M
YoY Change
Other Long-Term Liabilities $0.00
YoY Change
Total Long-Term Liabilities $9.936M
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $4.678M $2.358M
Total Long-Term Liabilities $9.936M
Total Liabilities $14.61M $2.400M
YoY Change
SHAREHOLDERS EQUITY
Retained Earnings -$50.53M -$19.75M
YoY Change
Common Stock $1.000K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $366.8M $14.04M $19.43M
YoY Change
Total Liabilities & Shareholders Equity $381.5M $16.44M
YoY Change

Cashflow Statement

Concept 2020 Q3 2019 Q4 2019 Q3
OPERATING ACTIVITIES
Net Income -$13.92M -$14.86M -$5.871M
YoY Change 137.1%
Depreciation, Depletion And Amortization $200.0K $250.0K $100.0K
YoY Change 100.0%
Cash From Operating Activities -$11.87M -$6.990M
YoY Change
INVESTING ACTIVITIES
Capital Expenditures -$160.0K -$1.470M
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$160.0K -$1.470M
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 380.0M 0.000
YoY Change
NET CHANGE
Cash From Operating Activities -11.87M -6.990M
Cash From Investing Activities -160.0K -1.470M
Cash From Financing Activities 380.0M 0.000
Net Change In Cash 367.9M -8.460M
YoY Change
FREE CASH FLOW
Cash From Operating Activities -$11.87M -$6.990M
Capital Expenditures -$160.0K -$1.470M
Free Cash Flow -$11.71M -$5.520M
YoY Change

Facts In Submission

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<p style="margin-bottom:6pt;margin-top:6pt;text-indent:0%;;font-style:italic;font-weight:bold;font-family:Arial;font-size:10pt;text-transform:none;font-variant: normal;">Use of estimates </p> <p style="margin-bottom:0pt;margin-top:8pt;text-indent:0%;font-size:10pt;font-family:Arial;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The preparation of the financial statements in accordance with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of expenses during the reporting period. Actual results could differ from those estimates. </p>
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
30000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
589000
CY2020Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
84984000
CY2020Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
1591000
CY2020Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue
84984000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
4.27
CY2020Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2235000
CY2019Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
7000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2376000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
12000
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
7153784
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
10840004
dyn Lease Executed Date
LeaseExecutedDate
2019-07-01
us-gaap Lease Expiration Date1
LeaseExpirationDate1
2021-12-31
CY2020Q3 us-gaap Operating Lease Expense
OperatingLeaseExpense
200000
CY2019Q3 us-gaap Operating Lease Expense
OperatingLeaseExpense
400000
us-gaap Operating Lease Expense
OperatingLeaseExpense
200000
us-gaap Operating Lease Expense
OperatingLeaseExpense
400000
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
197000
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
800000
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
997000

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