2013 Q4 Form 10-Q Financial Statement

#000119312513440287 Filed on November 13, 2013

View on sec.gov

Income Statement

Concept 2013 Q4 2013 Q3 2012 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 $940.0K $410.0K $140.0K
YoY Change 176.47% 192.86%
% of Gross Profit
Research & Development $636.4K $78.73K $337.0K
YoY Change 99.91% -76.64%
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $636.4K $485.6K $477.7K
YoY Change 99.91% 1.64%
Operating Profit -$485.6K -$477.7K
YoY Change 1.64%
Interest Expense -$40.00K -$40.00K -$10.00K
YoY Change 300.0% 300.0%
% of Operating Profit
Other Income/Expense, Net $0.00 -$311.00 -$8.505K
YoY Change -96.34%
Pretax Income -$1.620M -$490.0K -$490.0K
YoY Change 141.79% 0.0%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$1.617M -$485.9K -$486.3K
YoY Change 140.42% -0.07%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share -$269.6K -$411.8K -$433.6K
COMMON SHARES
Basic Shares Outstanding 6.097M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2013 Q4 2013 Q3 2012 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $24.20M $23.74M
YoY Change
Cash & Equivalents $24.20M $23.74M $768.8K
Short-Term Investments
Other Short-Term Assets $230.0K
YoY Change
Inventory
Prepaid Expenses $234.3K
Receivables
Other Receivables
Total Short-Term Assets $24.43M $23.74M
YoY Change 20958.81%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $555.5K
YoY Change
Total Long-Term Assets $555.5K $0.00
YoY Change
TOTAL ASSETS
Total Short-Term Assets $24.43M $23.74M
Total Long-Term Assets $555.5K $0.00
Total Assets $24.99M $23.74M
YoY Change 21437.64%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $280.0K $1.180M
YoY Change
Accrued Expenses $560.0K $390.0K
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $1.443M $1.070M
YoY Change
Total Short-Term Liabilities $2.285M $2.637M
YoY Change 300.57%
LONG-TERM LIABILITIES
Long-Term Debt $1.511M $1.878M
YoY Change 54.26%
Other Long-Term Liabilities $6.830K
YoY Change
Total Long-Term Liabilities $1.518M $1.878M
YoY Change 54.96%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.285M $2.637M
Total Long-Term Liabilities $1.518M $1.878M
Total Liabilities $3.803M $4.515M
YoY Change 145.34%
SHAREHOLDERS EQUITY
Retained Earnings -$22.69M
YoY Change
Common Stock $43.87M $578.00
YoY Change 35382745.97%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $21.18M $19.22M
YoY Change
Total Liabilities & Shareholders Equity $24.99M $23.74M
YoY Change 21437.64%

Cashflow Statement

Concept 2013 Q4 2013 Q3 2012 Q3
OPERATING ACTIVITIES
Net Income -$1.617M -$485.9K -$486.3K
YoY Change 140.42% -0.07%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities -$1.890M -$270.0K -$300.0K
YoY Change 190.77% -10.0%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 2.350M 22.96M 1.000M
YoY Change 2196.0%
NET CHANGE
Cash From Operating Activities -1.890M -270.0K -300.0K
Cash From Investing Activities
Cash From Financing Activities 2.350M 22.96M 1.000M
Net Change In Cash 460.0K 22.69M 700.0K
YoY Change -170.77% 3141.43%
FREE CASH FLOW
Cash From Operating Activities -$1.890M -$270.0K -$300.0K
Capital Expenditures
Free Cash Flow
YoY Change

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LineOfCreditFacilityIncreaseAccruedInterest
8500
CY2012Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-8505
CY2012Q3 us-gaap Net Income Loss
NetIncomeLoss
-486254
CY2012Q3 us-gaap Interest Expense Other
InterestExpenseOther
10521
CY2012Q3 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-1550
CY2013Q3 us-gaap Operating Expenses
OperatingExpenses
485593
CY2013Q3 evok Antidilutive Securities Excluded From Computation Of Earnings Per Share Number Of Shares
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareNumberOfShares
337250 shares
CY2012Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
140746
CY2012Q3 us-gaap Share Based Compensation
ShareBasedCompensation
3126
CY2013Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.71 pure
CY2013Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y
CY2013Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
1190212 shares
CY2013Q3 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-39000
CY2013Q3 us-gaap Interest Expense Other
InterestExpenseOther
39940
CY2013Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.000 pure
CY2013Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.41
CY2013Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
101875 shares
CY2013Q3 us-gaap Interest Income Other
InterestIncomeOther
629
CY2013Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-485593
CY2013Q3 us-gaap Line Of Credit Facility Increase Accrued Interest
LineOfCreditFacilityIncreaseAccruedInterest
34125
CY2013Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-311
CY2013Q3 us-gaap Net Income Loss
NetIncomeLoss
-485904
CY2013Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
406862
CY2013Q3 us-gaap Share Based Compensation
ShareBasedCompensation
7629
CY2013Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
78731

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