2018 Q1 Form 10-Q Financial Statement

#000117184318003811 Filed on May 10, 2018

View on sec.gov

Income Statement

Concept 2018 Q1 2017 Q1
Revenue $464.0K
YoY Change
Cost Of Revenue $479.0K
YoY Change
Gross Profit -$15.00K
YoY Change
Gross Profit Margin -3.23%
Selling, General & Admin $3.960M $1.320M
YoY Change 200.0% 9.09%
% of Gross Profit
Research & Development $155.9K $59.00K
YoY Change 164.29% -6.35%
% of Gross Profit
Depreciation & Amortization $8.237K $2.831K
YoY Change 190.96% -29.23%
% of Gross Profit
Operating Expenses $4.120M $1.375M
YoY Change 199.64% 8.35%
Operating Profit -$4.135M -$1.375M
YoY Change 200.73% 8.35%
Interest Expense $5.000K $215.0K
YoY Change -97.67% -20.96%
% of Operating Profit
Other Income/Expense, Net $61.00K -$189.0K
YoY Change -132.28% -30.26%
Pretax Income -$4.074M -$1.564M
YoY Change 160.49% 1.56%
Income Tax $3.000K $2.000K
% Of Pretax Income
Net Earnings -$4.077M -$1.566M
YoY Change 160.34% 1.69%
Net Earnings / Revenue -878.66%
Basic Earnings Per Share
Diluted Earnings Per Share -$1.14 -$0.46
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2018 Q1 2017 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $8.200M $460.0K
YoY Change 1682.61%
Cash & Equivalents $8.199M $464.0K
Short-Term Investments
Other Short-Term Assets $1.658M $1.234M
YoY Change 34.36%
Inventory $210.0K $314.0K
Prepaid Expenses
Receivables $464.0K
Other Receivables $1.000M
Total Short-Term Assets $11.53M $2.491M
YoY Change 362.91%
LONG-TERM ASSETS
Property, Plant & Equipment $482.1K $450.0K
YoY Change 7.13%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $120.0K
YoY Change
Other Assets $368.0K $121.0K
YoY Change 204.13%
Total Long-Term Assets $850.0K $691.0K
YoY Change 23.01%
TOTAL ASSETS
Total Short-Term Assets $11.53M $2.491M
Total Long-Term Assets $850.0K $691.0K
Total Assets $12.38M $3.182M
YoY Change 289.09%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $176.0K $274.0K
YoY Change -35.77%
Accrued Expenses $904.0K $125.0K
YoY Change 623.2%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $5.720M
YoY Change -100.0%
Total Short-Term Liabilities $1.080M $6.123M
YoY Change -82.36%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $271.0K
YoY Change
Total Long-Term Liabilities $271.0K $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $1.080M $6.123M
Total Long-Term Liabilities $271.0K $0.00
Total Liabilities $1.351M $6.123M
YoY Change -77.94%
SHAREHOLDERS EQUITY
Retained Earnings -$47.05M -$22.64M
YoY Change 107.84%
Common Stock $1.000K $1.000K
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $11.03M -$2.941M
YoY Change
Total Liabilities & Shareholders Equity $12.38M $3.182M
YoY Change 289.09%

Cashflow Statement

Concept 2018 Q1 2017 Q1
OPERATING ACTIVITIES
Net Income -$4.077M -$1.566M
YoY Change 160.34% 1.69%
Depreciation, Depletion And Amortization $8.237K $2.831K
YoY Change 190.96% -29.23%
Cash From Operating Activities -$1.974M -$741.0K
YoY Change 166.4% -26.63%
INVESTING ACTIVITIES
Capital Expenditures $3.000K $35.00K
YoY Change -91.43%
Acquisitions
YoY Change
Other Investing Activities $0.00
YoY Change -100.0%
Cash From Investing Activities -$3.000K -$35.00K
YoY Change -91.43% 250.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $11.00M $0.00
YoY Change -100.0%
Debt Paid & Issued, Net $2.149M $10.00K
YoY Change 21390.0% 25.0%
Cash From Financing Activities 7.730M 302.0K
YoY Change 2459.6% 655.0%
NET CHANGE
Cash From Operating Activities -1.974M -741.0K
Cash From Investing Activities -3.000K -35.00K
Cash From Financing Activities 7.730M 302.0K
Net Change In Cash 5.753M -474.0K
YoY Change -1313.71% -51.63%
FREE CASH FLOW
Cash From Operating Activities -$1.974M -$741.0K
Capital Expenditures $3.000K $35.00K
Free Cash Flow -$1.977M -$776.0K
YoY Change 154.77% -23.17%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2018Q1 adom Accretion Of Discount On Note Receivable
AccretionOfDiscountOnNoteReceivable
CY2017Q1 adom Accretion Of Discount On Note Receivable
AccretionOfDiscountOnNoteReceivable
25000
CY2018Q1 adom Class Of Warrant Or Right Exercisable
ClassOfWarrantOrRightExercisable
7299656
CY2018Q1 adom Class Of Warrant Or Right Exercisable Exercise Price Of Warrants Or Rights
ClassOfWarrantOrRightExercisableExercisePriceOfWarrantsOrRights
4.48
CY2018Q1 adom Class Of Warrant Or Right Exercisale Weighted Average Remaining Contractual Life
ClassOfWarrantOrRightExercisaleWeightedAverageRemainingContractualLife
P4Y182D
CY2018Q1 adom Class Of Warrant Or Right Forfeited During Period
ClassOfWarrantOrRightForfeitedDuringPeriod
CY2018Q1 adom Class Of Warrant Or Right Forfeited During Period Exercise Price
ClassOfWarrantOrRightForfeitedDuringPeriodExercisePrice
CY2018Q1 adom Class Of Warrant Or Right Intrinsic Value
ClassOfWarrantOrRightIntrinsicValue
0
CY2018Q1 adom Class Of Warrant Or Right Issued During Period
ClassOfWarrantOrRightIssuedDuringPeriod
5756664
CY2018Q1 adom Class Of Warrant Or Right Issued During Period Exercise Price
ClassOfWarrantOrRightIssuedDuringPeriodExercisePrice
4.47
CY2017 adom Class Of Warrant Or Right Outstanding Weighted Average Remaining Contractual Life
ClassOfWarrantOrRightOutstandingWeightedAverageRemainingContractualLife
P3Y317D
CY2018Q1 adom Class Of Warrant Or Right Outstanding Weighted Average Remaining Contractual Life
ClassOfWarrantOrRightOutstandingWeightedAverageRemainingContractualLife
P4Y189D
CY2018Q1 adom Consulting Expense
ConsultingExpense
47000
CY2017Q1 adom Consulting Expense
ConsultingExpense
19000
CY2018Q1 adom Deferred Offering Costs Reclassified To Equity
DeferredOfferingCostsReclassifiedToEquity
76000
CY2018Q1 us-gaap Assets
Assets
12381000
CY2017Q4 us-gaap Assets
Assets
5322000
CY2018Q1 us-gaap Assets Current
AssetsCurrent
11531000
CY2017Q4 us-gaap Assets Current
AssetsCurrent
4449000
CY2017Q1 adom Deferred Offering Costs Reclassified To Equity
DeferredOfferingCostsReclassifiedToEquity
CY2018Q1 adom Employment Contracts Future Minimum Payments Due
EmploymentContractsFutureMinimumPaymentsDue
1090000
CY2018Q1 adom Employment Contracts Future Minimum Payments Due In Four And Five Years
EmploymentContractsFutureMinimumPaymentsDueInFourAndFiveYears
150000
CY2018Q1 adom Employment Contracts Future Minimum Payments Due In Two And Three Years
EmploymentContractsFutureMinimumPaymentsDueInTwoAndThreeYears
500000
CY2018Q1 adom Employment Contracts Future Minimum Payments Due Next Twelve Months
EmploymentContractsFutureMinimumPaymentsDueNextTwelveMonths
440000
CY2018Q1 adom Employment Contracts Future Minimum Payments Due Thereafter
EmploymentContractsFutureMinimumPaymentsDueThereafter
CY2018Q1 adom Research And Development Expense Reimbursement
ResearchAndDevelopmentExpenseReimbursement
156000
CY2017Q1 adom Research And Development Expense Reimbursement
ResearchAndDevelopmentExpenseReimbursement
59000
CY2018Q1 us-gaap Accounts Payable Current
AccountsPayableCurrent
176000
CY2017Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
30000
CY2018Q1 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
464000
CY2017Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
CY2018Q1 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
904000
CY2017Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
514000
CY2018Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
32664
CY2017Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
24427
CY2018Q1 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
58083000
CY2017Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
45316000
CY2018Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2964000
CY2018Q1 us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
1197000
CY2018Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3000000
CY2017Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
606216
CY2018Q1 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
CY2017Q1 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
109000
CY2017Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
2446000
CY2016Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
938000
CY2018Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
8199000
CY2017Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
464000
CY2018Q1 us-gaap Cash And Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashAndCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
5753000
CY2017Q1 us-gaap Cash And Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashAndCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-474000
CY2017Q4 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
4.42
CY2017Q4 us-gaap Common Stock Value
CommonStockValue
1000
CY2018Q1 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
4.45
CY2018Q1 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
7556323
CY2017Q4 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
1799659
CY2018Q1 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
7556323
CY2018Q1 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2017Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2018Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.00001
CY2017Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.00001
CY2018Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
2000000000
CY2017Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
2000000000
CY2018Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
71737597
CY2017Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
68070930
CY2018Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
71737597
CY2017Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
68070930
CY2018Q1 us-gaap Common Stock Value
CommonStockValue
1000
CY2018Q1 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style=" font-size: 10pt; text-align: justify; margin: 0pt 0"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-style: italic;">Concentration of Credit Risk</div></div>&#x2014;The Company has credit risks related to cash and cash equivalents on deposit with a federally insured bank, as at times it exceeds the <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">$250,000</div> maximum amount insured by the Federal Deposit Insurance Corporation.</div></div></div></div></div>
CY2018Q1 us-gaap Contractual Obligation
ContractualObligation
1662409
CY2018Q1 us-gaap Contractual Obligation Due After Fifth Year
ContractualObligationDueAfterFifthYear
CY2018Q1 us-gaap Contractual Obligation Due In Fourth And Fifth Year
ContractualObligationDueInFourthAndFifthYear
385968
CY2018Q1 us-gaap Contractual Obligation Due In Next Twelve Months
ContractualObligationDueInNextTwelveMonths
541457
CY2018Q1 us-gaap Contractual Obligation Due In Second And Third Year
ContractualObligationDueInSecondAndThirdYear
734984
CY2018Q1 us-gaap Cost Of Revenue
CostOfRevenue
479000
CY2017Q1 us-gaap Cost Of Revenue
CostOfRevenue
CY2018Q1 us-gaap Depreciation
Depreciation
8237
CY2017Q1 us-gaap Depreciation
Depreciation
2831
CY2018Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.06
CY2017Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.02
CY2018Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
25100000
CY2018Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P1Y328D
CY2018Q1 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
CY2017Q1 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
1000
CY2018Q1 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-15000
CY2017Q1 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
CY2018Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
3917000
CY2017Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
1297000
CY2018Q1 us-gaap Gross Profit
GrossProfit
-15000
CY2017Q1 us-gaap Gross Profit
GrossProfit
CY2018Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-4074000
CY2017Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-1564000
CY2018Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3000
CY2017Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2000
CY2018Q1 us-gaap Income Taxes Paid
IncomeTaxesPaid
CY2017Q1 us-gaap Income Taxes Paid
IncomeTaxesPaid
CY2018Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
146000
CY2017Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
168000
CY2018Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
464000
CY2017Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
CY2018Q1 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
390000
CY2017Q1 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-31000
CY2018Q1 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
956000
CY2017Q4 us-gaap Inventory Net
InventoryNet
225000
CY2018Q1 us-gaap Liabilities
Liabilities
1351000
CY2017Q4 us-gaap Liabilities
Liabilities
2982000
CY2018Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
12381000
CY2017Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
5322000
CY2018Q1 us-gaap Liabilities Current
LiabilitiesCurrent
1080000
CY2017Q4 us-gaap Liabilities Current
LiabilitiesCurrent
2693000
CY2017Q1 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
7000
CY2018Q1 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
-18000
CY2017Q1 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
-3000
CY2018Q1 us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
-18000
CY2017Q1 us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
CY2018Q1 us-gaap Interest Expense
InterestExpense
5000
CY2017Q1 us-gaap Interest Expense
InterestExpense
215000
CY2018Q1 us-gaap Interest Paid Net
InterestPaidNet
5000
CY2017Q1 us-gaap Interest Paid Net
InterestPaidNet
96000
CY2018Q1 us-gaap Inventory Net
InventoryNet
210000
CY2018Q1 us-gaap Long Term Debt
LongTermDebt
CY2017Q4 us-gaap Long Term Debt
LongTermDebt
2149000
CY2018Q1 us-gaap Nature Of Operations
NatureOfOperations
<div style="display: inline; font-family: times new roman; font-size: 10pt"><div style=" font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">1.</div> Organization and Operations</div></div> <div style=" font-size: 10pt; text-align: justify; margin: 0pt 0; color: #1F497D">&nbsp;</div> <div style=" font-size: 10pt; text-align: justify; margin: 0pt 0">ADOMANI, Inc. (&#x201c;we&#x201d;, &#x201c;us&#x201d;, &#x201c;our&#x201d; or the &#x201c;Company&#x201d;) is a provider of <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">zero</div>-emission electric and hybrid vehicles and replacement drivetrains that is focused on reducing the total cost of vehicle ownership. The Company&#x2019;s drivetrain systems are designed to help fleet operators unlock the benefits of green technology and address the challenges of traditional fuel price cost instability and local, state and federal environmental regulatory compliance. The Company&#x2019;s designs and causes to be designed advanced <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">zero</div>-emission electric and hybrid drivetrain systems for integration in new school buses and medium to heavy-duty commercial fleet vehicles.<div style="display: inline; color: #1F497D">&nbsp;</div></div></div>
CY2018Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
7730000
CY2017Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
302000
CY2018Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-3000
CY2017Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-35000
CY2018Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-1974000
CY2017Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-741000
CY2018Q1 us-gaap Net Income Loss
NetIncomeLoss
-4077000
CY2017Q1 us-gaap Net Income Loss
NetIncomeLoss
-1566000
CY2018Q1 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
61000
CY2017Q1 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-189000
CY2018Q1 us-gaap Notes And Loans Receivable Net Current
NotesAndLoansReceivableNetCurrent
1000000
CY2017Q4 us-gaap Notes And Loans Receivable Net Current
NotesAndLoansReceivableNetCurrent
1000000
CY2018Q1 us-gaap Notes Payable Current
NotesPayableCurrent
CY2017Q4 us-gaap Notes Payable Current
NotesPayableCurrent
2149000
CY2018Q1 us-gaap Operating Expenses
OperatingExpenses
4120000
CY2017Q1 us-gaap Operating Expenses
OperatingExpenses
1375000
CY2018Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-4135000
CY2017Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-1375000
CY2018Q1 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
572409
CY2018Q1 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
101457
CY2018Q1 us-gaap Operating Leases Future Minimum Payments Due In Four And Five Years
OperatingLeasesFutureMinimumPaymentsDueInFourAndFiveYears
235968
CY2018Q1 us-gaap Operating Leases Future Minimum Payments Due In Two And Three Years
OperatingLeasesFutureMinimumPaymentsDueInTwoAndThreeYears
234984
CY2018Q1 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
CY2018Q1 us-gaap Other Assets Current
OtherAssetsCurrent
1658000
CY2017Q4 us-gaap Other Assets Current
OtherAssetsCurrent
778000
CY2018Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
368000
CY2017Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
386000
CY2018Q1 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
271000
CY2017Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
289000
CY2018Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
66000
CY2017Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
26000
CY2018Q1 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
1121000
CY2017Q1 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
188000
CY2018Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
3000
CY2017Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
35000
CY2018Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.00001
CY2017Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.00001
CY2018Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
100000000
CY2017Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
100000000
CY2018Q1 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2017Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2018Q1 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2017Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2018Q1 us-gaap Preferred Stock Value
PreferredStockValue
CY2017Q4 us-gaap Preferred Stock Value
PreferredStockValue
CY2018Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
11000000
CY2017Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
CY2018Q1 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
CY2017Q1 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
500000
CY2018Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
514753
CY2017Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
511494
CY2018Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
482089
CY2017Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
487067
CY2018Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
10897776
CY2018Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
1.26
CY2018Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
CY2018Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
297694
CY2018Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
2149000
CY2017Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
10000
CY2018Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-47054000
CY2017Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-42977000
CY2018Q1 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
464000
CY2017Q1 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
CY2018Q1 us-gaap Share Based Compensation
ShareBasedCompensation
2964000
CY2017Q1 us-gaap Share Based Compensation
ShareBasedCompensation
606000
CY2018Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
CY2018Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
28600000
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
30375000
CY2018Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
30077306
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
1.33
CY2018Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
1.34
CY2018Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
CY2018Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
CY2018Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P4Y
CY2017 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P4Y
CY2018Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P3Y255D
CY2018Q1 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
CY2018Q1 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
11000000
CY2018Q1 us-gaap Stockholders Equity
StockholdersEquity
11030000
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
2340000
CY2018Q1 us-gaap Use Of Estimates
UseOfEstimates
<div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style=" font-size: 10pt; text-align: justify; margin: 0pt 0"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-style: italic;">Use of Estimates</div></div>&#x2014;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 revenue and expenses during the reporting period. Actual results could differ from those estimates.</div></div></div></div></div>
CY2018Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
71370930
CY2017Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
63121402

Files In Submission

Name View Source Status
0001171843-18-003811-index-headers.html Edgar Link pending
0001171843-18-003811-index.html Edgar Link pending
0001171843-18-003811.txt Edgar Link pending
0001171843-18-003811-xbrl.zip Edgar Link pending
adom-20180331.xml Edgar Link completed
adom-20180331.xsd Edgar Link pending
adom-20180331_cal.xml Edgar Link unprocessable
adom-20180331_def.xml Edgar Link unprocessable
adom-20180331_lab.xml Edgar Link unprocessable
adom-20180331_pre.xml Edgar Link unprocessable
exh_311.htm Edgar Link pending
exh_312.htm Edgar Link pending
exh_321.htm Edgar Link pending
exh_322.htm Edgar Link pending
f10q_051118p.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R4.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending