2015 Q1 Form 10-Q Financial Statement
#000156459016019101 Filed on May 11, 2016
Income Statement
| Concept | 2015 Q1 |
|---|---|
| Revenue | $0.00 |
| YoY Change | |
| Cost Of Revenue | |
| YoY Change | |
| Gross Profit | |
| YoY Change | |
| Gross Profit Margin | |
| Selling, General & Admin | $1.030M |
| YoY Change | -3.74% |
| % of Gross Profit | |
| Research & Development | $2.420M |
| YoY Change | 30.66% |
| % of Gross Profit | |
| Depreciation & Amortization | |
| YoY Change | |
| % of Gross Profit | |
| Operating Expenses | $3.445M |
| YoY Change | 17.88% |
| Operating Profit | -$3.445M |
| YoY Change | 17.88% |
| Interest Expense | $77.05K |
| YoY Change | 108.55% |
| % of Operating Profit | |
| Other Income/Expense, Net | -$75.53K |
| YoY Change | 129.64% |
| Pretax Income | -$3.520M |
| YoY Change | 18.92% |
| Income Tax | |
| % Of Pretax Income | |
| Net Earnings | -$3.521M |
| YoY Change | 19.13% |
| Net Earnings / Revenue | |
| Basic Earnings Per Share | |
| Diluted Earnings Per Share | -$577.0K |
| COMMON SHARES | |
| Basic Shares Outstanding | 6.137M |
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2015 Q1 |
|---|---|
| SHORT-TERM ASSETS | |
| Cash & Short-Term Investments | $11.69M |
| YoY Change | -46.47% |
| Cash & Equivalents | $11.69M |
| Short-Term Investments | |
| Other Short-Term Assets | $23.62K |
| YoY Change | -86.88% |
| Inventory | |
| Prepaid Expenses | |
| Receivables | |
| Other Receivables | |
| Total Short-Term Assets | $12.57M |
| YoY Change | -42.88% |
| LONG-TERM ASSETS | |
| Property, Plant & Equipment | |
| YoY Change | |
| Goodwill | |
| YoY Change | |
| Intangibles | |
| YoY Change | |
| Long-Term Investments | |
| YoY Change | |
| Other Assets | $47.12K |
| YoY Change | -91.52% |
| Total Long-Term Assets | $47.12K |
| YoY Change | -91.52% |
| TOTAL ASSETS | |
| Total Short-Term Assets | $12.57M |
| Total Long-Term Assets | $47.12K |
| Total Assets | $12.62M |
| YoY Change | -44.07% |
| SHORT-TERM LIABILITIES | |
| YoY Change | |
| Accounts Payable | $1.350M |
| YoY Change | 20.54% |
| Accrued Expenses | $420.0K |
| YoY Change | 7.69% |
| Deferred Revenue | |
| YoY Change | |
| Short-Term Debt | $0.00 |
| YoY Change | |
| Long-Term Debt Due | $712.9K |
| YoY Change | -50.58% |
| Total Short-Term Liabilities | $2.500M |
| YoY Change | -15.09% |
| LONG-TERM LIABILITIES | |
| Long-Term Debt | $3.688M |
| YoY Change | 218.86% |
| Other Long-Term Liabilities | |
| YoY Change | |
| Total Long-Term Liabilities | $3.688M |
| YoY Change | 218.86% |
| TOTAL LIABILITIES | |
| Total Short-Term Liabilities | $2.500M |
| Total Long-Term Liabilities | $3.688M |
| Total Liabilities | $6.188M |
| YoY Change | 50.33% |
| SHAREHOLDERS EQUITY | |
| Retained Earnings | -$39.46M |
| YoY Change | |
| Common Stock | $45.89M |
| YoY Change | 7523378.85% |
| Preferred Stock | |
| YoY Change | |
| Treasury Stock (at cost) | |
| YoY Change | |
| Treasury Stock Shares | |
| Shareholders Equity | $6.433M |
| YoY Change | |
| Total Liabilities & Shareholders Equity | $12.62M |
| YoY Change | -44.07% |
Cashflow Statement
| Concept | 2015 Q1 |
|---|---|
| OPERATING ACTIVITIES | |
| Net Income | -$3.521M |
| YoY Change | 19.13% |
| Depreciation, Depletion And Amortization | |
| YoY Change | |
| Cash From Operating Activities | -$3.000M |
| YoY Change | 49.95% |
| 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 | $531.6K |
| YoY Change | |
| Debt Paid & Issued, Net | |
| YoY Change | |
| Cash From Financing Activities | 530.0K |
| YoY Change | -246.99% |
| NET CHANGE | |
| Cash From Operating Activities | -3.000M |
| Cash From Investing Activities | |
| Cash From Financing Activities | 530.0K |
| Net Change In Cash | -2.470M |
| YoY Change | 4.61% |
| FREE CASH FLOW | |
| Cash From Operating Activities | -$3.000M |
| Capital Expenditures | |
| Free Cash Flow | |
| YoY Change |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2015Q1 | us-gaap |
Operating Expenses
OperatingExpenses
|
3445222 | |
| CY2016Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
418912 | |
| CY2016Q1 | us-gaap |
Paid In Kind Interest
PaidInKindInterest
|
10362 | |
| CY2015Q1 | us-gaap |
Paid In Kind Interest
PaidInKindInterest
|
15174 | |
| CY2015Q1 | us-gaap |
Increase Decrease In Deferred Charges
IncreaseDecreaseInDeferredCharges
|
3298 | |
| CY2015Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-3445222 | |
| CY2015Q4 | us-gaap |
Assets
Assets
|
9532428 | |
| CY2016Q1 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-72580 | |
| CY2016Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-3225409 | |
| CY2016Q1 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.45 | |
| CY2016Q1 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
7168005 | |
| CY2015Q1 | us-gaap |
Interest Paid
InterestPaid
|
41250 | |
| CY2015Q1 | us-gaap |
Debt Issuance Costs Incurred During Noncash Or Partial Noncash Transaction
DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction
|
137812 | |
| CY2016Q1 | dei |
Entity Incorporation Date Of Incorporation
EntityIncorporationDateOfIncorporation
|
2007-01-29 | |
| CY2016Q1 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<div> <p style="margin-bottom:0pt;margin-top:18pt;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Use of Estimates </p> <p style="margin-bottom:0pt;margin-top:6pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of expenses during the reporting period. Actual results could differ materially from those estimates. </p></div> | |
| CY2016Q1 | us-gaap |
Weighted Average Number Of Shares Common Stock Subject To Repurchase Or Cancellation
WeightedAverageNumberOfSharesCommonStockSubjectToRepurchaseOrCancellation
|
45000 | |
| CY2015Q1 | us-gaap |
Weighted Average Number Of Shares Common Stock Subject To Repurchase Or Cancellation
WeightedAverageNumberOfSharesCommonStockSubjectToRepurchaseOrCancellation
|
45000 | |
| CY2016Q1 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
1328265 | |
| CY2015Q1 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
1150703 | |
| CY2007Q2 | us-gaap |
Research And Development In Process
ResearchAndDevelopmentInProcess
|
650000 | |
| CY2016Q1 | evok |
Legal Accounting And Filing Fees
LegalAccountingAndFilingFees
|
138000 | |
| CY2016Q1 | us-gaap |
Accrued Payroll Taxes Current
AccruedPayrollTaxesCurrent
|
99000 | |
| CY2015Q1 | us-gaap |
Accrued Payroll Taxes Current
AccruedPayrollTaxesCurrent
|
111000 | |
| CY2016Q1 | us-gaap |
Stock Issued During Period Shares Employee Stock Purchase Plans
StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans
|
34067 | |
| CY2015Q1 | us-gaap |
Stock Issued During Period Shares Employee Stock Purchase Plans
StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans
|
23288 | |
| CY2016Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
703500 | |
| CY2016Q1 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
|
2700000 | |
| CY2016Q1 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
|
P1Y3M18D |
