2020 Q2 Form 10-Q Financial Statement

#000156459020038092 Filed on August 07, 2020

View on sec.gov

Income Statement

Concept 2020 Q2 2019 Q2
Revenue $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $4.060M $6.970M
YoY Change -41.75% -27.09%
% of Gross Profit
Research & Development $3.700M $7.340M
YoY Change -49.59% 76.87%
% of Gross Profit
Depreciation & Amortization $17.00K $17.00K
YoY Change 0.0% -32.0%
% of Gross Profit
Operating Expenses $3.700M $7.340M
YoY Change -49.59% -45.8%
Operating Profit
YoY Change
Interest Expense -$300.0K -$140.0K
YoY Change 114.29%
% of Operating Profit
Other Income/Expense, Net -$301.0K -$138.0K
YoY Change 118.12% -200.73%
Pretax Income -$7.890M -$14.45M
YoY Change -45.4% 7.76%
Income Tax
% Of Pretax Income
Net Earnings -$7.887M -$14.45M
YoY Change -45.41% 7.78%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share -$196.6K -$398.3K
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2020 Q2 2019 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $37.12M $76.30M
YoY Change -51.35% 20.33%
Cash & Equivalents $30.35M $49.33M
Short-Term Investments $6.770M $26.97M
Other Short-Term Assets $1.850M $1.440M
YoY Change 28.47% 157.14%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $38.97M $77.74M
YoY Change -49.87% 21.52%
LONG-TERM ASSETS
Property, Plant & Equipment $165.0K $214.0K
YoY Change -22.9% -29.14%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $110.0K $100.0K
YoY Change 10.0%
Total Long-Term Assets $950.0K $1.303M
YoY Change -27.09% 331.46%
TOTAL ASSETS
Total Short-Term Assets $38.97M $77.74M
Total Long-Term Assets $950.0K $1.303M
Total Assets $39.92M $79.04M
YoY Change -49.49% 22.98%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $770.0K $2.473M
YoY Change -68.86% 17.87%
Accrued Expenses $3.485M $5.773M
YoY Change -39.63% 155.67%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $5.149M $2.231M
YoY Change 130.79%
Total Short-Term Liabilities $10.77M $10.99M
YoY Change -2.03% 152.36%
LONG-TERM LIABILITIES
Long-Term Debt $8.704M $12.31M
YoY Change -29.27%
Other Long-Term Liabilities $160.0K $520.0K
YoY Change -69.23%
Total Long-Term Liabilities $8.704M $12.31M
YoY Change -29.27%
TOTAL LIABILITIES
Total Short-Term Liabilities $10.77M $10.99M
Total Long-Term Liabilities $8.704M $12.31M
Total Liabilities $19.63M $23.30M
YoY Change -15.75% 434.38%
SHAREHOLDERS EQUITY
Retained Earnings -$158.9M -$112.5M
YoY Change 41.23% 84.57%
Common Stock $169.3M
YoY Change 39.93%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $20.29M $55.22M
YoY Change
Total Liabilities & Shareholders Equity $39.92M $79.04M
YoY Change -49.49% 22.98%

Cashflow Statement

Concept 2020 Q2 2019 Q2
OPERATING ACTIVITIES
Net Income -$7.887M -$14.45M
YoY Change -45.41% 7.78%
Depreciation, Depletion And Amortization $17.00K $17.00K
YoY Change 0.0% -32.0%
Cash From Operating Activities -$6.320M -$9.620M
YoY Change -34.3% 13.04%
INVESTING ACTIVITIES
Capital Expenditures $0.00
YoY Change -100.0%
Acquisitions
YoY Change
Other Investing Activities $11.25M -$26.85M
YoY Change -141.9%
Cash From Investing Activities $11.25M -$26.85M
YoY Change -141.9% 67025.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -460.0K 41.22M
YoY Change -101.12% -23.2%
NET CHANGE
Cash From Operating Activities -6.320M -9.620M
Cash From Investing Activities 11.25M -26.85M
Cash From Financing Activities -460.0K 41.22M
Net Change In Cash 4.470M 4.750M
YoY Change -5.89% -89.47%
FREE CASH FLOW
Cash From Operating Activities -$6.320M -$9.620M
Capital Expenditures $0.00
Free Cash Flow -$9.620M
YoY Change 13.58%

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0
CY2019Q4 us-gaap Debt Securities Available For Sale Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
0
CY2020Q2 elox Fair Value Assets Transfers Between Level2 And Level3 Description
FairValueAssetsTransfersBetweenLevel2AndLevel3Description
the Company did not have any transfers of financial assets between Level 2 and 3
elox Fair Value Assets Transfers Between Level2 And Level3 Description
FairValueAssetsTransfersBetweenLevel2AndLevel3Description
the Company did not have any transfers of financial assets between Level 2 and 3
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-78000
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
-7887000
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
-14449000
us-gaap Net Income Loss
NetIncomeLoss
-21833000
CY2020Q2 us-gaap Interest And Other Income
InterestAndOtherIncome
69000
CY2019Q2 us-gaap Interest And Other Income
InterestAndOtherIncome
206000
us-gaap Interest And Other Income
InterestAndOtherIncome
313000
us-gaap Interest And Other Income
InterestAndOtherIncome
494000
CY2020Q2 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-12000
CY2019Q2 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
8000
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-22000
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
31000
CY2020Q2 us-gaap Investment Income Net
InvestmentIncomeNet
-11000
CY2019Q2 us-gaap Investment Income Net
InvestmentIncomeNet
130000
us-gaap Investment Income Net
InvestmentIncomeNet
-9000
us-gaap Investment Income Net
InvestmentIncomeNet
133000
CY2020Q2 us-gaap Interest Expense Other
InterestExpenseOther
347000
CY2019Q2 us-gaap Interest Expense Other
InterestExpenseOther
482000
us-gaap Interest Expense Other
InterestExpenseOther
762000
us-gaap Interest Expense Other
InterestExpenseOther
736000
CY2020Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-301000
CY2019Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-138000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-480000
us-gaap Net Income Loss
NetIncomeLoss
-26366000
CY2020Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
40129304
CY2019Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
36278567
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
40101789
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
36098171
CY2020Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.20
CY2019Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.40
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.54
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.73
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
5643291
CY2020Q1 us-gaap Restructuring And Related Cost Number Of Positions Eliminated
RestructuringAndRelatedCostNumberOfPositionsEliminated
13
CY2020Q1 us-gaap Severance Costs1
SeveranceCosts1
4000000.0
CY2020Q1 elox Restructuring And Related Cost Stock Based Compensation Expense
RestructuringAndRelatedCostStockBasedCompensationExpense
2100000
us-gaap Restructuring Charges
RestructuringCharges
1870000
us-gaap Payments For Restructuring
PaymentsForRestructuring
912000
CY2020Q2 us-gaap Restructuring Reserve
RestructuringReserve
958000

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elox-10q_20200630.htm Edgar Link pending
elox-10q_20200630_htm.xml Edgar Link completed
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