2014 Q1 Form 10-K Financial Statement

#000104746914002320 Filed on March 13, 2014

View on sec.gov

Income Statement

Concept 2014 Q1 2013 Q4 2013 Q3
Revenue $0.00 $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $2.500M $2.400M $1.900M
YoY Change 92.31% 380.0% 280.0%
% of Gross Profit
Research & Development $5.400M $7.339M $3.483M
YoY Change 158.0% 343.61% 41.78%
% of Gross Profit
Depreciation & Amortization $12.00K $10.00K $10.00K
YoY Change -62.5% -66.67% -75.0%
% of Gross Profit
Operating Expenses $7.890M $9.736M $5.407M
YoY Change 135.94% 350.73% 80.82%
Operating Profit -$7.890M -$9.736M -$5.407M
YoY Change 135.94% 350.73% 80.82%
Interest Expense $0.00 $0.00 $0.00
YoY Change -100.0% -100.0% -100.0%
% of Operating Profit
Other Income/Expense, Net $16.00K $46.57K $168.4K
YoY Change -164.0% -154.15% 41892.27%
Pretax Income -$7.900M -$9.700M -$5.200M
YoY Change 88.1% 246.43% 52.94%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$7.874M -$9.689M -$5.238M
YoY Change 85.75% 249.12% 56.31%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share -$513.0K -$629.9K -$339.9K
COMMON SHARES
Basic Shares Outstanding 15.39M shares 15.36M shares 15.36M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2014 Q1 2013 Q4 2013 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $56.70M $60.10M $71.90M
YoY Change 1353.85%
Cash & Equivalents $48.64M $56.54M $71.90M
Short-Term Investments $8.100M $3.500M
Other Short-Term Assets $1.600M $600.0K $1.000M
YoY Change 33.33%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $58.28M $60.62M $72.96M
YoY Change 1042.73% 749.21%
LONG-TERM ASSETS
Property, Plant & Equipment $360.0K $81.00K $78.75K
YoY Change 260.0% -32.62%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $11.50M $17.50M $13.50M
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $11.94M $17.67M $13.61M
YoY Change 5872.0% 10055.43%
TOTAL ASSETS
Total Short-Term Assets $58.28M $60.62M $72.96M
Total Long-Term Assets $11.94M $17.67M $13.61M
Total Assets $70.22M $78.29M $86.58M
YoY Change 1224.96% 970.7%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.098M $2.232M $1.945M
YoY Change 133.11% 368.63%
Accrued Expenses $1.100M $2.000M $1.400M
YoY Change -26.67%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $3.188M $4.203M $3.343M
YoY Change 18.07% -75.53%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0% -100.0%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00 $0.00
YoY Change -100.0% -100.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.188M $4.203M $3.343M
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $3.188M $4.203M $3.343M
YoY Change -68.75% -82.99%
SHAREHOLDERS EQUITY
Retained Earnings -$68.06M
YoY Change
Common Stock $15.00K $15.00K $15.36K
YoY Change 4235.26%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $67.04M $74.09M $83.23M
YoY Change
Total Liabilities & Shareholders Equity $70.22M $78.29M $86.58M
YoY Change 1224.96% 970.7%

Cashflow Statement

Concept 2014 Q1 2013 Q4 2013 Q3
OPERATING ACTIVITIES
Net Income -$7.874M -$9.689M -$5.238M
YoY Change 85.75% 249.12% 56.31%
Depreciation, Depletion And Amortization $12.00K $10.00K $10.00K
YoY Change -62.5% -66.67% -75.0%
Cash From Operating Activities -$9.100M -$7.530M -$4.770M
YoY Change 246.01% 217.72% 63.92%
INVESTING ACTIVITIES
Capital Expenditures $273.0K -$10.00K $0.00
YoY Change
Acquisitions
YoY Change
Other Investing Activities $1.430M -$7.640M -$13.39M
YoY Change -134000.0%
Cash From Investing Activities $1.150M -$7.650M -$13.39M
YoY Change -134000.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 50.00K -180.0K 73.44M
YoY Change -103.15% 1726.87%
NET CHANGE
Cash From Operating Activities -9.100M -7.530M -4.770M
Cash From Investing Activities 1.150M -7.650M -13.39M
Cash From Financing Activities 50.00K -180.0K 73.44M
Net Change In Cash -7.900M -15.36M 55.28M
YoY Change 200.38% -559.88% 4835.71%
FREE CASH FLOW
Cash From Operating Activities -$9.100M -$7.530M -$4.770M
Capital Expenditures $273.0K -$10.00K $0.00
Free Cash Flow -$9.373M -$7.520M -$4.770M
YoY Change 256.39% 217.3% 63.92%

Facts In Submission

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15340713 shares
CY2012Q1 us-gaap Research And Development Expense Excluding Acquired In Process Cost
ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost
1557211 USD
CY2012Q2 us-gaap Research And Development Expense Excluding Acquired In Process Cost
ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost
2330223 USD
CY2012Q3 us-gaap Research And Development Expense Excluding Acquired In Process Cost
ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost
2456412 USD
CY2012Q4 us-gaap Research And Development Expense Excluding Acquired In Process Cost
ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost
1654282 USD
CY2012Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
632372 USD
CY2012Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
533658 USD
CY2012Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
533837 USD
CY2012Q4 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
505765 USD
CY2012Q1 us-gaap Operating Expenses
OperatingExpenses
2189583 USD
CY2012Q2 us-gaap Operating Expenses
OperatingExpenses
2863881 USD
CY2012Q3 us-gaap Operating Expenses
OperatingExpenses
2990249 USD
CY2012Q4 us-gaap Operating Expenses
OperatingExpenses
2160047 USD
CY2012Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-2189583 USD
CY2012Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-2863881 USD
CY2012Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-2990249 USD
CY2012Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
-2160047 USD
CY2012Q1 us-gaap Interest Expense
InterestExpense
260428 USD
CY2012Q2 us-gaap Interest Expense
InterestExpense
303167 USD
CY2012Q3 us-gaap Interest Expense
InterestExpense
361426 USD
CY2012Q4 us-gaap Interest Expense
InterestExpense
561675 USD
CY2012Q4 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-32367 USD
CY2012Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
1059 USD
CY2012Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
894 USD
CY2012Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
401 USD
CY2012Q4 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-86001 USD
CY2012Q1 us-gaap Net Income Loss
NetIncomeLoss
-2448952 USD
CY2012Q2 us-gaap Net Income Loss
NetIncomeLoss
-3166154 USD
CY2012Q3 us-gaap Net Income Loss
NetIncomeLoss
-3351274 USD
CY2012Q4 us-gaap Net Income Loss
NetIncomeLoss
-2775356 USD
CY2012Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-7.96
CY2012Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-9.94
CY2012Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-10.31
CY2012Q4 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-8.12
CY2012Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
307742 shares
CY2012Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
318654 shares
CY2012Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
325023 shares
CY2012Q4 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
341935 shares
CY2013 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="font-size:10.0pt;font-family:Times New Roman;"> <p style="FONT-FAMILY: times;"><font size="2"><b>Reclassifications</b></font></p> <p style="FONT-FAMILY: times;"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Certain prior period information has been reclassified to be comparable to the current year presentation. These items had no impact on the amounts of previously reported net loss or total shareholder's equity (deficit).</font></p> </div>
CY2011 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
0 USD
CY2013Q4 espr Deferred Tax Assets Operating Loss Carryforwards Related To Stock Awards
DeferredTaxAssetsOperatingLossCarryforwardsRelatedToStockAwards
191000 USD
CY2008Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
44025145 shares
CY2008Q2 espr Number Of New Series Preferred Stock Authorized
NumberOfNewSeriesPreferredStockAuthorized
2 item
CY2010Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
45025145 shares
CY2011Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
50000000 shares
CY2013Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
56519253 shares
CY2013Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
58220375 shares
CY2013Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
75220375 shares

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