2019 Q3 Form 10-Q Financial Statement

#000156459019041002 Filed on November 06, 2019

View on sec.gov

Income Statement

Concept 2019 Q3 2018 Q3 2018 Q2
Revenue $0.00 $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $5.980M $5.950M $9.560M
YoY Change 0.5% 1114.29% 2231.71%
% of Gross Profit
Research & Development $6.801M $5.415M $4.150M
YoY Change 25.6% 65.09% 59.92%
% of Gross Profit
Depreciation & Amortization $18.00K $75.00K $25.00K
YoY Change -76.0% 581.82% 257.14%
% of Gross Profit
Operating Expenses $12.78M $11.36M $13.54M
YoY Change 12.49% 184.0% 326.01%
Operating Profit -$12.78M -$11.36M -$13.54M
YoY Change 12.49% 184.0% 326.01%
Interest Expense -$100.0K
YoY Change
% of Operating Profit
Other Income/Expense, Net -$96.00K $199.0K $137.0K
YoY Change -148.24% -597.5% -119.6%
Pretax Income -$12.88M -$11.16M -$13.41M
YoY Change 15.41% 780.84% 567.16%
Income Tax
% Of Pretax Income
Net Earnings -$12.88M -$11.16M -$13.41M
YoY Change 15.36% 176.26% 245.69%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share -$322.5K -$318.8K -$421.2K
COMMON SHARES
Basic Shares Outstanding 33.43M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2019 Q3 2018 Q3 2018 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $64.94M $55.34M $63.41M
YoY Change 17.35% 5664.58% 211266.67%
Cash & Equivalents $22.16M $55.34M $63.41M
Short-Term Investments $42.78M
Other Short-Term Assets $1.520M $810.0K $560.0K
YoY Change 87.65% 912.5% 124.0%
Inventory
Prepaid Expenses
Receivables
Other Receivables $403.0K
Total Short-Term Assets $66.85M $56.14M $63.97M
YoY Change 19.08% 5297.88% 22746.43%
LONG-TERM ASSETS
Property, Plant & Equipment $1.090M $345.0K $302.0K
YoY Change 215.94% 762.5% 504.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $110.0K $52.00K
YoY Change 111.54% 420.0%
Total Long-Term Assets $1.210M $397.0K $302.0K
YoY Change 204.79% -92.85% -94.57%
TOTAL ASSETS
Total Short-Term Assets $66.85M $56.14M $63.97M
Total Long-Term Assets $1.210M $397.0K $302.0K
Total Assets $68.06M $56.54M $64.27M
YoY Change 20.39% 757.89% 999.57%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.690M $1.352M $2.098M
YoY Change 25.0% 1129.09% 995.01%
Accrued Expenses $5.610M $3.727M $2.258M
YoY Change 50.52% 1333.46% 583.62%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0% -100.0%
Long-Term Debt Due $3.490M
YoY Change
Total Short-Term Liabilities $11.23M $5.079M $4.356M
YoY Change 121.11% 370.28% 57.26%
LONG-TERM LIABILITIES
Long-Term Debt $11.19M $0.00 $0.00
YoY Change
Other Long-Term Liabilities $410.0K
YoY Change
Total Long-Term Liabilities $11.19M $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $11.23M $5.079M $4.356M
Total Long-Term Liabilities $11.19M $0.00 $0.00
Total Liabilities $22.83M $5.080M $4.360M
YoY Change 349.41% 55.05% -12.34%
SHAREHOLDERS EQUITY
Retained Earnings -$72.12M -$60.96M
YoY Change -41.47% -49.96%
Common Stock $123.7M $121.0M
YoY Change 23950.95% 41319.32%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $45.23M $51.46M $59.92M
YoY Change
Total Liabilities & Shareholders Equity $68.06M $56.54M $64.27M
YoY Change 20.39% 757.76% 999.57%

Cashflow Statement

Concept 2019 Q3 2018 Q3 2018 Q2
OPERATING ACTIVITIES
Net Income -$12.88M -$11.16M -$13.41M
YoY Change 15.36% 176.26% 245.69%
Depreciation, Depletion And Amortization $18.00K $75.00K $25.00K
YoY Change -76.0% 581.82% 257.14%
Cash From Operating Activities -$11.32M -$8.100M -$8.510M
YoY Change 39.75% 1307.9% 1568.63%
INVESTING ACTIVITIES
Capital Expenditures -$20.00K -$30.00K -$40.00K
YoY Change -33.33%
Acquisitions
YoY Change
Other Investing Activities -$15.71M -$10.00K
YoY Change 157000.0%
Cash From Investing Activities -$15.73M -$40.00K -$40.00K
YoY Change 39225.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -120.0K 10.00K 53.67M
YoY Change -1300.0% -99.33% 17790.0%
NET CHANGE
Cash From Operating Activities -11.32M -8.100M -8.510M
Cash From Investing Activities -15.73M -40.00K -40.00K
Cash From Financing Activities -120.0K 10.00K 53.67M
Net Change In Cash -27.17M -8.130M 45.12M
YoY Change 234.19% -979.23% -21585.71%
FREE CASH FLOW
Cash From Operating Activities -$11.32M -$8.100M -$8.510M
Capital Expenditures -$20.00K -$30.00K -$40.00K
Free Cash Flow -$11.30M -$8.070M -$8.470M
YoY Change 40.02% 1560.78%

Facts In Submission

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5000000
CY2019Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
5000000
CY2019Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
417000
CY2019Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
15000000
CY2019Q3 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
1219000
CY2019Q3 us-gaap Long Term Debt
LongTermDebt
13781000
CY2019Q3 elox Long Term Debt Maturities Final Fee Due
LongTermDebtMaturitiesFinalFeeDue
-900000
CY2019Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
25000
CY2019Q1 elox Restricted Stock Vested During Period Value
RestrictedStockVestedDuringPeriodValue
-121000
CY2019Q1 us-gaap Adjustments To Additional Paid In Capital Warrant Issued
AdjustmentsToAdditionalPaidInCapitalWarrantIssued
421000
CY2019Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2658000
CY2019Q1 us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
1000
CY2019Q1 us-gaap Net Income Loss
NetIncomeLoss
-11917000
CY2019Q1 us-gaap Stockholders Equity
StockholdersEquity
34433000
CY2019Q2 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
90000
CY2019Q2 elox Restricted Stock Vested During Period Value
RestrictedStockVestedDuringPeriodValue
-111000
CY2019Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
3016000
CY2019Q2 us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
23000
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
-14449000
CY2019Q2 us-gaap Stockholders Equity
StockholdersEquity
55224000
CY2019Q3 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
28000
CY2019Q3 elox Restricted Stock Vested During Period Value
RestrictedStockVestedDuringPeriodValue
-44000
CY2019Q3 us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
50000
CY2019Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2957000
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
21361000
CY2018Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
735000
CY2018Q1 us-gaap Net Income Loss
NetIncomeLoss
-8591000
CY2018Q1 us-gaap Stockholders Equity
StockholdersEquity
13505000
CY2018Q2 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
97000
CY2018Q2 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
31000
CY2018Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
6178000
CY2018Q2 us-gaap Net Income Loss
NetIncomeLoss
-13406000
CY2018Q2 us-gaap Stockholders Equity
StockholdersEquity
59916000
CY2018Q3 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
6000
CY2018Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2695000
CY2018Q3 us-gaap Stockholders Equity
StockholdersEquity
51456000
CY2019Q3 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
40834
elox Class Of Warrant Or Right Issued
ClassOfWarrantOrRightIssued
40834
us-gaap Adjustments To Additional Paid In Capital Warrant Issued
AdjustmentsToAdditionalPaidInCapitalWarrantIssued
400000
elox Class Of Warrant Or Right Exercised
ClassOfWarrantOrRightExercised
59707
elox Class Of Warrant Or Right Exercised In Period Weighted Average Exercise Price
ClassOfWarrantOrRightExercisedInPeriodWeightedAverageExercisePrice
3.01
CY2019Q3 elox Class Of Warrant Or Right Issued
ClassOfWarrantOrRightIssued
0
CY2019Q3 elox Class Of Warrant Or Right Exercised
ClassOfWarrantOrRightExercised
0
CY2019Q3 elox Class Of Warrant Or Right Forfeited
ClassOfWarrantOrRightForfeited
0
CY2018Q4 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
347241
elox Class Of Warrant Or Right Exercised
ClassOfWarrantOrRightExercised
59707
elox Class Of Warrant Or Right Forfeited
ClassOfWarrantOrRightForfeited
4474
CY2019Q3 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
323894
CY2018Q4 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
3.77
elox Class Of Warrant Or Right Granted In Period Weighted Average Exercise Price
ClassOfWarrantOrRightGrantedInPeriodWeightedAverageExercisePrice
11.02
elox Class Of Warrant Or Right Exercised In Period Weighted Average Exercise Price
ClassOfWarrantOrRightExercisedInPeriodWeightedAverageExercisePrice
3.01
elox Class Of Warrant Or Right Forfeited In Period Weighted Average Exercise Price
ClassOfWarrantOrRightForfeitedInPeriodWeightedAverageExercisePrice
40.00
CY2019Q3 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
4.32
CY2018 elox Class Of Warrant Or Right Expiration Period
ClassOfWarrantOrRightExpirationPeriod
P3Y11M1D
elox Class Of Warrant Or Right Granted Expiration Period
ClassOfWarrantOrRightGrantedExpirationPeriod
P10Y
elox Class Of Warrant Or Right Expiration Period
ClassOfWarrantOrRightExpirationPeriod
P3Y11M26D
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
3261719
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
1780200
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
91327
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
153552
CY2019Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
4797040
CY2019Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
1730606
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
9.43
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
12.98
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
12.76
CY2019Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
11.96
CY2019Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
13.69
CY2018 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P8Y6M21D
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P7Y6M18D
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P8Y6M14D
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
11650373
CY2019Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
1121950
CY2019Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
1024195
CY2019Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2957000
CY2018Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2695000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
8631000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
9608000
CY2019Q3 us-gaap Interest And Other Income
InterestAndOtherIncome
272000
CY2018Q3 us-gaap Interest And Other Income
InterestAndOtherIncome
223000
us-gaap Interest And Other Income
InterestAndOtherIncome
766000
us-gaap Interest And Other Income
InterestAndOtherIncome
368000
CY2019Q3 us-gaap Investment Income Net
InvestmentIncomeNet
92000
us-gaap Investment Income Net
InvestmentIncomeNet
224000
CY2019Q3 us-gaap Interest Expense Other
InterestExpenseOther
460000
CY2018Q3 us-gaap Interest Expense Other
InterestExpenseOther
24000
us-gaap Interest Expense Other
InterestExpenseOther
1164000
us-gaap Interest Expense Other
InterestExpenseOther
75000
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
4726384

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