2013 Q4 Form 10-Q Financial Statement

#000110465914007538 Filed on February 07, 2014

View on sec.gov

Income Statement

Concept 2013 Q4 2012 Q4
Revenue $4.392M $5.648M
YoY Change -22.23% 21.55%
Cost Of Revenue $240.0K $440.0K
YoY Change -45.45% 2.33%
Gross Profit $4.160M $5.210M
YoY Change -20.15% 23.46%
Gross Profit Margin 94.71% 92.24%
Selling, General & Admin $1.840M $1.420M
YoY Change 29.58% 25.66%
% of Gross Profit 44.23% 27.26%
Research & Development $390.0K
YoY Change 11.43%
% of Gross Profit 7.49%
Depreciation & Amortization $327.2K $350.1K
YoY Change -6.56% 24.69%
% of Gross Profit 7.86% 6.72%
Operating Expenses $4.550M $2.623M
YoY Change 73.46% 18.18%
Operating Profit -$158.1K $3.025M
YoY Change -105.23% 24.64%
Interest Expense $16.58K $16.56K
YoY Change 0.11% 65.64%
% of Operating Profit 0.55%
Other Income/Expense, Net -$8.881K -$10.95K
YoY Change -18.89% -263.14%
Pretax Income -$167.0K $3.014M
YoY Change -105.54% 23.84%
Income Tax $241.9K $1.054M
% Of Pretax Income 34.99%
Net Earnings -$408.9K $1.959M
YoY Change -120.87% 37.46%
Net Earnings / Revenue -9.31% 34.69%
Basic Earnings Per Share -$0.02 $0.06
Diluted Earnings Per Share -$0.02 $0.06
COMMON SHARES
Basic Shares Outstanding 30.06M shares 28.07M shares
Diluted Shares Outstanding 30.06M shares 31.86M shares

Balance Sheet

Concept 2013 Q4 2012 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $25.54M $18.28M
YoY Change 39.72% 31.51%
Cash & Equivalents $25.54M $18.03M
Short-Term Investments $0.00 $250.0K
Other Short-Term Assets $660.0K $340.0K
YoY Change 94.12% 41.67%
Inventory
Prepaid Expenses
Receivables $1.500M $2.140M
Other Receivables $12.09K $306.00
Total Short-Term Assets $28.00M $20.89M
YoY Change 34.04% 28.85%
LONG-TERM ASSETS
Property, Plant & Equipment $38.29M $40.34M
YoY Change -5.09% 15.24%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $240.0K $269.8K
YoY Change -11.03% 167.24%
Total Long-Term Assets $38.57M $40.61M
YoY Change -5.03% 15.67%
TOTAL ASSETS
Total Short-Term Assets $28.00M $20.89M
Total Long-Term Assets $38.57M $40.61M
Total Assets $66.57M $61.50M
YoY Change 8.24% 19.83%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $325.3K $415.5K
YoY Change -21.71% -57.07%
Accrued Expenses $1.790M $1.990M
YoY Change -10.05% 306.12%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $2.788M $2.940M
YoY Change -5.17% 27.7%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $200.0K $890.0K
YoY Change -77.53% -10.1%
Total Long-Term Liabilities $200.0K $890.0K
YoY Change -77.53% -10.1%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.788M $2.940M
Total Long-Term Liabilities $200.0K $890.0K
Total Liabilities $11.74M $11.37M
YoY Change 3.29% 44.21%
SHAREHOLDERS EQUITY
Retained Earnings $21.53M $20.84M
YoY Change 3.33%
Common Stock $32.06K $28.90K
YoY Change 10.95% -99.9%
Preferred Stock
YoY Change
Treasury Stock (at cost) $899.0K
YoY Change 1.92%
Treasury Stock Shares 0.000 shares 790.3K shares
Shareholders Equity $54.83M $50.13M
YoY Change
Total Liabilities & Shareholders Equity $66.57M $61.50M
YoY Change 8.24% 19.83%

Cashflow Statement

Concept 2013 Q4 2012 Q4
OPERATING ACTIVITIES
Net Income -$408.9K $1.959M
YoY Change -120.87% 37.46%
Depreciation, Depletion And Amortization $327.2K $350.1K
YoY Change -6.56% 24.69%
Cash From Operating Activities $1.270M $3.340M
YoY Change -61.98% 40.93%
INVESTING ACTIVITIES
Capital Expenditures -$280.0K -$3.270M
YoY Change -91.44% 142.22%
Acquisitions
YoY Change
Other Investing Activities $480.0K $5.020M
YoY Change -90.44% 1519.35%
Cash From Investing Activities $200.0K $1.750M
YoY Change -88.57% -266.67%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.600M -190.0K
YoY Change 742.11% -126.76%
NET CHANGE
Cash From Operating Activities 1.270M 3.340M
Cash From Investing Activities 200.0K 1.750M
Cash From Financing Activities -1.600M -190.0K
Net Change In Cash -130.0K 4.900M
YoY Change -102.65% 141.38%
FREE CASH FLOW
Cash From Operating Activities $1.270M $3.340M
Capital Expenditures -$280.0K -$3.270M
Free Cash Flow $1.550M $6.610M
YoY Change -76.55% 77.69%

Facts In Submission

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InvestmentIncomeInterest
11230 USD
us-gaap Interest Expense
InterestExpense
32992 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-21762 USD
CY2013Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-166976 USD
CY2012Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
3013771 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1788111 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
4933515 USD
CY2013Q4 us-gaap Net Income Loss
NetIncomeLoss
-408883 USD
CY2012Q4 us-gaap Net Income Loss
NetIncomeLoss
1959272 USD
us-gaap Net Income Loss
NetIncomeLoss
1063568 USD
us-gaap Net Income Loss
NetIncomeLoss
3118798 USD
CY2013Q4 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
168576 USD
CY2012Q4 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
168576 USD
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
337151 USD
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
337151 USD
epm Depreciation Depletion And Amortization Cash Flows Impact
DepreciationDepletionAndAmortizationCashFlowsImpact
657265 USD
epm Depreciation Depletion And Amortization Cash Flows Impact
DepreciationDepletionAndAmortizationCashFlowsImpact
667461 USD
us-gaap Asset Retirement Obligation Cash Paid To Settle
AssetRetirementObligationCashPaidToSettle
57247 USD
us-gaap Asset Retirement Obligation Cash Paid To Settle
AssetRetirementObligationCashPaidToSettle
47026 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
329667 USD
epm Deferred Rent Expenses
DeferredRentExpenses
-8574 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
1498760 USD
epm Deferred Rent Expenses
DeferredRentExpenses
-8574 USD
us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
-135292 USD
us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
11170 USD
us-gaap Increase Decrease In Due From Affiliates Current
IncreaseDecreaseInDueFromAffiliatesCurrent
-4687 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
367426 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
174842 USD
us-gaap Increase Decrease In Royalties Payable
IncreaseDecreaseInRoyaltiesPayable
48126 USD
us-gaap Increase Decrease In Accrued Taxes Payable
IncreaseDecreaseInAccruedTaxesPayable
-233548 USD
us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
797933 USD
us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
116 USD
us-gaap Increase Decrease In Due From Affiliates Current
IncreaseDecreaseInDueFromAffiliatesCurrent
-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 Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
2827053 USD
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
4956184 USD
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
544442 USD
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
3054976 USD
us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
9637 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
5957 USD
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-328095 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
26110 USD
us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
386976 USD
epm Proceeds From Recovery Of Short Swing Profits
ProceedsFromRecoveryOfShortSwingProfits
6850 USD
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-984564 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1127801 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
16968 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
16211 USD
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-1884761 USD
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-370330 USD
us-gaap Net Cash Provided By Used In Continuing Operations
NetCashProvidedByUsedInContinuingOperations
614197 USD
us-gaap Net Cash Provided By Used In Continuing Operations
NetCashProvidedByUsedInContinuingOperations
3601290 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
-225062 USD
epm Increase Decrease In Due To Affiliate Used To Acquire Oil And Natural Gas Lease Hold Interests And Develop Oil And Natural Gas Properties
IncreaseDecreaseInDueToAffiliateUsedToAcquireOilAndNaturalGasLeaseHoldInterestsAndDevelopOilAndNaturalGasProperties
1216 USD
epm Oil And Natural Gas Properties Incurred Through Recognition Of Asset Retirement Obligations
OilAndNaturalGasPropertiesIncurredThroughRecognitionOfAssetRetirementObligations
48988 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
31885 USD
epm Increase Decrease In Due To Affiliate Used To Acquire Oil And Natural Gas Lease Hold Interests And Develop Oil And Natural Gas Properties
IncreaseDecreaseInDueToAffiliateUsedToAcquireOilAndNaturalGasLeaseHoldInterestsAndDevelopOilAndNaturalGasProperties
-435833 USD
epm Oil And Natural Gas Properties Incurred Through Recognition Of Asset Retirement Obligations
OilAndNaturalGasPropertiesIncurredThroughRecognitionOfAssetRetirementObligations
8558 USD
CY2012Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
14428548 USD
CY2012Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
18029838 USD
epm Stock Issued During Period Shares Incentive Stock Options Exercised
StockIssuedDuringPeriodSharesIncentiveStockOptionsExercised
1008657 shares
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1066225 USD
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
2760107 USD
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
1746407 USD
us-gaap Adjustments To Additional Paid In Capital Tax Effect From Share Based Compensation
AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation
386975 USD
epm Adjustments To Additional Paid In Capital Recovery Of Short Swing Profits
AdjustmentsToAdditionalPaidInCapitalRecoveryOfShortSwingProfits
6850 USD
CY2013Q4 us-gaap Restructuring Charges
RestructuringCharges
1332186 USD
us-gaap Restructuring Charges
RestructuringCharges
1332186 USD
epm Number Of Shares Retired In Satisfaction Of Payroll Tax Liabilities From Exercise And Vesting Of Award Other Than Options
NumberOfSharesRetiredInSatisfactionOfPayrollTaxLiabilitiesFromExerciseAndVestingOfAwardOtherThanOptions
93506 shares
epm Number Of Shares Received From Option Holder In Swap In Lieu Of Cash Payment
NumberOfSharesReceivedFromOptionHolderInSwapInLieuOfCashPayment
50956 shares
epm Proceeds From Maturities Of Certificates Of Deposit
ProceedsFromMaturitiesOfCertificatesOfDeposit
250000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
200156 USD
us-gaap Dividends Preferred Stock Cash
DividendsPreferredStockCash
337151 USD
CY2013Q4 epm Number Of Wholly Owned Subsidiaries
NumberOfWhollyOwnedSubsidiaries
3 item
epm Stock Issued During Period Shares Nonqualified Stock Options And Incentive Warrants Noncash Exercised
StockIssuedDuringPeriodSharesNonqualifiedStockOptionsAndIncentiveWarrantsNoncashExercised
2622723 shares
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
2141500 USD
CY2013Q4 us-gaap Restructuring Reserve Current
RestructuringReserveCurrent
955821 USD
epm Number Of Shares Owned By Option Holders That Were Swapped In Payment Of Exercise Price
NumberOfSharesOwnedByOptionHoldersThatWereSwappedInPaymentOfExercisePrice
50956 shares
epm Average Cost Per Share Owned By Option Holders That Were Swapped In Payment Of Exercise Price
AverageCostPerShareOwnedByOptionHoldersThatWereSwappedInPaymentOfExercisePrice
12.14
epm Additional Paid In Capital Increase
AdditionalPaidInCapitalIncrease
4200000 USD
epm Adjustments To Additional Paid In Capital Sharebased Compensation Award Options And Incentive Warrants Exercised
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAwardOptionsAndIncentiveWarrantsExercised
2800000 USD
epm Additional Paid In Capital Decrease
AdditionalPaidInCapitalDecrease
2800000 USD
us-gaap Treasury Stock Shares Retired
TreasuryStockSharesRetired
801889 shares
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
144462 shares
us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
12.09
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
337151 USD
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
337151 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
3205135 USD
epm Noncash Or Part Of Noncash Previously Acquired Shares Swapped By Holder To Pay Options Excercise Price
NoncashOrPartOfNoncashPreviouslyAcquiredSharesSwappedByHolderToPayOptionsExcercisePrice
618606 USD
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
3205135 USD
CY2013Q4 epm Common Stock Shares Outstanding Decrease
CommonStockSharesOutstandingDecrease
946351 shares
us-gaap Share Based Compensation
ShareBasedCompensation
689860 USD
us-gaap Share Based Compensation
ShareBasedCompensation
747369 USD
CY2013Q4 epm Share Based Compensation Arrangement By Share Based Payment Award Options And Incentive Warrants Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndIncentiveWarrantsOutstandingNumber
4800000 shares
epm Income Tax Deduction Resulting From Exercise Of Share Based Payment Award Options And Incentive Warrants
IncomeTaxDeductionResultingFromExerciseOfShareBasedPaymentAwardOptionsAndIncentiveWarrants
31200000 USD
us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
-10600000 USD
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.34 pure
us-gaap Severance Costs1
SeveranceCosts1
616000 USD
epm Restructuring Charges Included In Cash Incentive Plan
RestructuringChargesIncludedInCashIncentivePlan
186000 USD
epm Restructuring Charges Included In Stock Compensation Expense
RestructuringChargesIncludedInStockCompensationExpense
376365 USD
us-gaap Other Restructuring Costs
OtherRestructuringCosts
154000 USD
epm Income Tax Payable Due To Option Deductions
IncomeTaxPayableDueToOptionDeductions
0 USD
us-gaap Payments To Acquire Oil And Gas Property
PaymentsToAcquireOilAndGasProperty
856943 USD
us-gaap Payments To Acquire Oil And Gas Property
PaymentsToAcquireOilAndGasProperty
4013430 USD
epm Treasury Stock Retired Amount
TreasuryStockRetiredAmount
1000000 USD

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