2012 Q4 Form 10-Q Financial Statement

#000110465913009320 Filed on February 11, 2013

View on sec.gov

Income Statement

Concept 2012 Q4 2011 Q4
Revenue $5.648M $4.647M
YoY Change 21.55% 293.98%
Cost Of Revenue $440.0K $430.0K
YoY Change 2.33% 34.38%
Gross Profit $5.210M $4.220M
YoY Change 23.46% 390.7%
Gross Profit Margin 92.24% 90.82%
Selling, General & Admin $1.420M $1.130M
YoY Change 25.66% 24.18%
% of Gross Profit 27.26% 26.78%
Research & Development $390.0K $350.0K
YoY Change 11.43% -12.5%
% of Gross Profit 7.49% 8.29%
Depreciation & Amortization $350.1K $280.8K
YoY Change 24.69% 174.14%
% of Gross Profit 6.72% 6.65%
Operating Expenses $2.623M $2.220M
YoY Change 18.18% 27.08%
Operating Profit $3.025M $2.427M
YoY Change 24.64% -527.68%
Interest Expense $16.56K $10.00K
YoY Change 65.64%
% of Operating Profit 0.55% 0.41%
Other Income/Expense, Net -$10.95K $6.712K
YoY Change -263.14%
Pretax Income $3.014M $2.434M
YoY Change 23.84% -531.68%
Income Tax $1.054M $1.008M
% Of Pretax Income 34.99% 41.43%
Net Earnings $1.959M $1.425M
YoY Change 37.46% -408.83%
Net Earnings / Revenue 34.69% 30.67%
Basic Earnings Per Share $0.06 $0.05
Diluted Earnings Per Share $0.06 $0.04
COMMON SHARES
Basic Shares Outstanding 28.07M shares 27.79M shares
Diluted Shares Outstanding 31.86M shares 31.52M shares

Balance Sheet

Concept 2012 Q4 2011 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $18.28M $13.90M
YoY Change 31.51% 420.6%
Cash & Equivalents $18.03M $13.65M
Short-Term Investments $250.0K $250.0K
Other Short-Term Assets $340.0K $240.0K
YoY Change 41.67% -91.01%
Inventory
Prepaid Expenses
Receivables $2.140M $1.960M
Other Receivables $306.00 $7.958K
Total Short-Term Assets $20.89M $16.21M
YoY Change 28.85% 117.88%
LONG-TERM ASSETS
Property, Plant & Equipment $40.34M $35.01M
YoY Change 15.24% 7.03%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $269.8K $100.9K
YoY Change 167.24% 101.89%
Total Long-Term Assets $40.61M $35.11M
YoY Change 15.67% 7.22%
TOTAL ASSETS
Total Short-Term Assets $20.89M $16.21M
Total Long-Term Assets $40.61M $35.11M
Total Assets $61.50M $51.32M
YoY Change 19.83% 27.7%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $415.5K $967.8K
YoY Change -57.07% -65.19%
Accrued Expenses $1.990M $490.0K
YoY Change 306.12% -47.87%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $2.940M $2.302M
YoY Change 27.7% -45.7%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $890.0K $990.0K
YoY Change -10.1% -18.18%
Total Long-Term Liabilities $890.0K $990.0K
YoY Change -10.1% -18.18%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.940M $2.302M
Total Long-Term Liabilities $890.0K $990.0K
Total Liabilities $11.37M $7.882M
YoY Change 44.21% -5.16%
SHAREHOLDERS EQUITY
Retained Earnings $20.84M
YoY Change
Common Stock $28.90K $28.49M
YoY Change -99.9%
Preferred Stock
YoY Change
Treasury Stock (at cost) $899.0K $882.0K
YoY Change 1.92%
Treasury Stock Shares 790.3K shares 788.2K shares
Shareholders Equity $50.13M $43.44M
YoY Change
Total Liabilities & Shareholders Equity $61.50M $51.32M
YoY Change 19.83% 27.7%

Cashflow Statement

Concept 2012 Q4 2011 Q4
OPERATING ACTIVITIES
Net Income $1.959M $1.425M
YoY Change 37.46% -408.83%
Depreciation, Depletion And Amortization $350.1K $280.8K
YoY Change 24.69% 174.14%
Cash From Operating Activities $3.340M $2.370M
YoY Change 40.93% -1416.67%
INVESTING ACTIVITIES
Capital Expenditures -$3.270M -$1.350M
YoY Change 142.22% 575.0%
Acquisitions
YoY Change
Other Investing Activities $5.020M $310.0K
YoY Change 1519.35% -145.59%
Cash From Investing Activities $1.750M -$1.050M
YoY Change -266.67% 17.98%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -190.0K 710.0K
YoY Change -126.76%
NET CHANGE
Cash From Operating Activities 3.340M 2.370M
Cash From Investing Activities 1.750M -1.050M
Cash From Financing Activities -190.0K 710.0K
Net Change In Cash 4.900M 2.030M
YoY Change 141.38% -289.72%
FREE CASH FLOW
Cash From Operating Activities $3.340M $2.370M
Capital Expenditures -$3.270M -$1.350M
Free Cash Flow $6.610M $3.720M
YoY Change 77.69% 18500.0%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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dei Entity Registrant Name
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9398682 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
513581 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
449146 USD
epm Increase In Accounts Payable Related To Joint Venture Activities
IncreaseInAccountsPayableRelatedToJointVentureActivities
9576 USD
epm Oil And Natural Gas Properties Incurred Through Recognition Of Asset Retirement Obligations
OilAndNaturalGasPropertiesIncurredThroughRecognitionOfAssetRetirementObligations
47200 USD
CY2012Q4 us-gaap Oil And Gas Joint Interest Billing Receivables Current
OilAndGasJointInterestBillingReceivablesCurrent
24871 USD
CY2012Q4 epm Income Taxes Receivable Current
IncomeTaxesReceivableCurrent
92885 USD
CY2012Q4 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
306 USD
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.423 pure
CY2011Q4 epm Incremental Common Shares Attributable To Common Stock Warrants Issued In Equity And Financing Transactions
IncrementalCommonSharesAttributableToCommonStockWarrantsIssuedInEquityAndFinancingTransactions
61187 shares
epm Incremental Common Shares Attributable To Common Stock Warrants Issued In Equity And Financing Transactions
IncrementalCommonSharesAttributableToCommonStockWarrantsIssuedInEquityAndFinancingTransactions
845 shares
epm Incremental Common Shares Attributable To Common Stock Warrants Issued In Equity And Financing Transactions
IncrementalCommonSharesAttributableToCommonStockWarrantsIssuedInEquityAndFinancingTransactions
60149 shares
CY2011Q4 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
3661316 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
3803915 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
3603317 shares
CY2011Q4 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
3722503 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
3804760 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
3663466 shares
epm Antidilutive Securities Excluded From Computation Of Earnings Per Share Weighted Average Exercise Price
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareWeightedAverageExercisePrice
1.84
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
5465185 shares
CY2011Q4 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
36808 USD
CY2012Q4 us-gaap Interest Expense
InterestExpense
16564 USD
CY2012Q4 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
826840 USD
CY2012Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
28071317 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
28032223 shares
CY2012Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
31856417 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
31836983 shares
CY2012Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.06
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.10
CY2012Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.06
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.09
CY2012Q4 us-gaap Certificates Of Deposit At Carrying Value
CertificatesOfDepositAtCarryingValue
250000 USD
CY2012Q4 epm Oil And Natural Gas Sales Receivables Current
OilAndNaturalGasSalesReceivablesCurrent
2141280 USD
CY2012Q4 us-gaap Deferred Tax Assets Liabilities Net Current
DeferredTaxAssetsLiabilitiesNetCurrent
162746 USD
CY2012Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
184842 USD
CY2012Q4 us-gaap Oil And Gas Property Full Cost Method Net
OilAndGasPropertyFullCostMethodNet
40276684 USD
CY2012Q4 us-gaap Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
68031 USD
CY2012Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
269758 USD
CY2012Q4 us-gaap Due To Affiliate Current
DueToAffiliateCurrent
1383991 USD
CY2012Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
609350 USD
CY2012Q4 us-gaap Accrued Royalties Current
AccruedRoyaltiesCurrent
219137 USD
CY2012Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
137924 USD
CY2012Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
170873 USD
CY2012Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
415489 USD
CY2012Q4 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
7541364 USD
CY2012Q4 us-gaap Deferred Rent Credit Noncurrent
DeferredRentCreditNoncurrent
61437 USD
CY2012Q4 us-gaap Common Stock Value
CommonStockValue
28897 USD
CY2012Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
30164056 USD
CY2012Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
20840556 USD
CY2012Q4 us-gaap Treasury Stock Value
TreasuryStockValue
898990 USD
CY2012Q4 epm Revenue From Crude Oil
RevenueFromCrudeOil
5379399 USD
CY2012Q4 epm Revenue From Natural Gas Liquids
RevenueFromNaturalGasLiquids
86556 USD
CY2012Q4 us-gaap Natural Gas Production Revenue
NaturalGasProductionRevenue
182103 USD
epm Revenue From Crude Oil
RevenueFromCrudeOil
9384821 USD
epm Revenue From Natural Gas Liquids
RevenueFromNaturalGasLiquids
206167 USD
us-gaap Natural Gas Production Revenue
NaturalGasProductionRevenue
348616 USD
CY2012Q4 us-gaap Lease Operating Expense
LeaseOperatingExpense
419328 USD
CY2012Q4 us-gaap Production Tax Expense
ProductionTaxExpense
20863 USD
CY2012Q4 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
350119 USD
CY2012Q4 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
17751 USD
CY2012Q4 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
1815276 USD
us-gaap Lease Operating Expense
LeaseOperatingExpense
735497 USD
us-gaap Production Tax Expense
ProductionTaxExpense
42236 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
647036 USD
us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
38858 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
3520700 USD
CY2012Q4 us-gaap Investment Income Interest
InvestmentIncomeInterest
5614 USD
us-gaap Investment Income Interest
InvestmentIncomeInterest
11230 USD
CY2012Q4 us-gaap Net Income Loss
NetIncomeLoss
1959272 USD
CY2012Q4 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
168576 USD
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
337151 USD
epm Depreciation Depletion And Amortization Cash Flows Impact
DepreciationDepletionAndAmortizationCashFlowsImpact
667461 USD
epm Payments On Asset Retirement Obligations
PaymentsOnAssetRetirementObligations
47026 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
1498760 USD
epm Deferred Rent Expenses
DeferredRentExpenses
-8574 USD
epm Increase Decrease In Receivables From Oil And Natural Gas Sales
IncreaseDecreaseInReceivablesFromOilAndNaturalGasSales
797933 USD
us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
116 USD
epm Increase Decrease In Amount Due From Joint Interest Partner
IncreaseDecreaseInAmountDueFromJointInterestPartner
-40050 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-48591 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-390979 USD
us-gaap Increase Decrease In Royalties Payable
IncreaseDecreaseInRoyaltiesPayable
-74876 USD
us-gaap Increase Decrease In Accrued Taxes Payable
IncreaseDecreaseInAccruedTaxesPayable
115801 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
26110 USD
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
337151 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
200156 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
31885 USD
epm Oil And Natural Gas Properties Incurred Through Recognition Of Asset Retirement Obligations
OilAndNaturalGasPropertiesIncurredThroughRecognitionOfAssetRetirementObligations
8558 USD
CY2012Q4 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.35 pure
CY2011Q4 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.414 pure
epm Payments For Purchase Of Treasury Stock Cost Method
PaymentsForPurchaseOfTreasuryStockCostMethod
16968 USD
CY2012 us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
175943 USD
CY2012 us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
61936 USD
CY2012 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
77505 USD
CY2012 us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
-82421 USD
epm Asset Retirement Obligation Liabilities Sold
AssetRetirementObligationLiabilitiesSold
170433 USD
CY2011Q4 us-gaap Preferred Stock Dividend Rate Percentage
PreferredStockDividendRatePercentage
0.085 pure
us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
73617 USD
us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
73617 USD
us-gaap Payments To Explore And Develop Oil And Gas Properties
PaymentsToExploreAndDevelopOilAndGasProperties
1504534 USD

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