2014 Q3 Form 10-Q Financial Statement

#000110465914077787 Filed on November 06, 2014

View on sec.gov

Income Statement

Concept 2014 Q3 2013 Q4 2013 Q3
Revenue $293.0K $320.0K $39.00K
YoY Change 651.28%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $5.270M $4.610M $4.640M
YoY Change 13.58% 3.36% -7.2%
% of Gross Profit
Research & Development $12.05M $9.120M $10.11M
YoY Change 19.18% -17.47% -12.08%
% of Gross Profit
Depreciation & Amortization $370.0K $400.0K $430.0K
YoY Change -13.95% -6.98% 2.38%
% of Gross Profit
Operating Expenses $17.11M $14.12M $15.17M
YoY Change 12.75% -11.31% -10.3%
Operating Profit -$16.82M -$15.14M
YoY Change 11.11% -10.53%
Interest Expense $377.0K $40.00K $7.000K
YoY Change 5285.71% -98.5% -63.16%
% of Operating Profit
Other Income/Expense, Net -$11.00K $0.00 $0.00
YoY Change
Pretax Income -$17.15M -$15.75M -$14.59M
YoY Change 17.55% 18.78% -10.44%
Income Tax -$3.510M $0.00
% Of Pretax Income
Net Earnings -$17.15M -$12.24M -$14.59M
YoY Change 17.55% 22.19% -10.44%
Net Earnings / Revenue -5852.9% -3824.06% -37407.69%
Basic Earnings Per Share
Diluted Earnings Per Share -$217.4K -$217.9K -$294.0K
COMMON SHARES
Basic Shares Outstanding 78.70M shares 49.63M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2014 Q3 2013 Q4 2013 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $85.20M $82.00M $60.50M
YoY Change 40.83% -17.26% -43.03%
Cash & Equivalents $19.70M $43.64M $30.05M
Short-Term Investments $65.50M $38.40M $30.40M
Other Short-Term Assets $1.762M $5.195M $1.700M
YoY Change 3.65% 128.85% -44.75%
Inventory
Prepaid Expenses
Receivables $300.0K $1.100M $2.100M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $87.24M $88.28M $64.30M
YoY Change 35.67% -15.62% -42.83%
LONG-TERM ASSETS
Property, Plant & Equipment $3.129M $4.120M $4.400M
YoY Change -28.89% -18.08% -16.87%
Goodwill $11.61M $11.61M
YoY Change
Intangibles $23.00M $23.00M
YoY Change
Long-Term Investments $0.00
YoY Change
Other Assets $508.0K $552.0K $400.0K
YoY Change 27.0% 24.89% -9.5%
Total Long-Term Assets $38.25M $39.29M $4.800M
YoY Change 696.88% 618.06% -16.3%
TOTAL ASSETS
Total Short-Term Assets $87.24M $88.28M $64.30M
Total Long-Term Assets $38.25M $39.29M $4.800M
Total Assets $125.5M $127.6M $69.10M
YoY Change 81.6% 15.87% -41.55%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $11.30M $2.146M $8.200M
YoY Change 37.8% 1.47% -12.77%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $2.500M $300.0K $400.0K
YoY Change 525.0% -25.0% -20.0%
Total Short-Term Liabilities $13.82M $10.46M $8.598M
YoY Change 60.78% 13.18% -13.41%
LONG-TERM LIABILITIES
Long-Term Debt $11.80M $14.20M $0.00
YoY Change 4633.33% -100.0%
Other Long-Term Liabilities $514.0K $714.0K $34.00M
YoY Change -98.49% -97.72% 9.32%
Total Long-Term Liabilities $514.0K $714.0K $34.00M
YoY Change -98.49% -97.74% 7.94%
TOTAL LIABILITIES
Total Short-Term Liabilities $13.82M $10.46M $8.598M
Total Long-Term Liabilities $514.0K $714.0K $34.00M
Total Liabilities $14.34M $11.18M $42.60M
YoY Change -66.34% -72.68% 2.65%
SHAREHOLDERS EQUITY
Retained Earnings -$426.2M -$378.5M -$366.3M
YoY Change 16.37% 18.7% 18.59%
Common Stock $469.5M $424.3M $392.8M
YoY Change 19.54% 9.32% 1.86%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $43.28M $45.75M $26.49M
YoY Change
Total Liabilities & Shareholders Equity $125.5M $127.6M $69.11M
YoY Change 81.59% 15.87% -41.54%

Cashflow Statement

Concept 2014 Q3 2013 Q4 2013 Q3
OPERATING ACTIVITIES
Net Income -$17.15M -$12.24M -$14.59M
YoY Change 17.55% 22.19% -10.44%
Depreciation, Depletion And Amortization $370.0K $400.0K $430.0K
YoY Change -13.95% -6.98% 2.38%
Cash From Operating Activities -$15.12M -$8.120M -$13.51M
YoY Change 11.92% 10.18% 87.64%
INVESTING ACTIVITIES
Capital Expenditures -$60.00K -$50.00K -$70.00K
YoY Change -14.29% -66.67% -69.57%
Acquisitions
YoY Change
Other Investing Activities -$29.42M -$7.910M $20.25M
YoY Change -245.28% -147.17% -234.91%
Cash From Investing Activities -$29.47M -$7.970M $20.18M
YoY Change -246.04% -147.98% -232.5%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 22.36M 29.68M -100.0K
YoY Change -22460.0% 6352.17% -100.56%
NET CHANGE
Cash From Operating Activities -15.12M -8.120M -13.51M
Cash From Investing Activities -29.47M -7.970M 20.18M
Cash From Financing Activities 22.36M 29.68M -100.0K
Net Change In Cash -22.23M 13.59M 6.570M
YoY Change -438.36% 40.1% -243.45%
FREE CASH FLOW
Cash From Operating Activities -$15.12M -$8.120M -$13.51M
Capital Expenditures -$60.00K -$50.00K -$70.00K
Free Cash Flow -$15.06M -$8.070M -$13.44M
YoY Change 12.05% 11.77% 92.83%

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ComprehensiveIncomeNetOfTax
-47405000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-47705000 USD
us-gaap Paid In Kind Interest
PaidInKindInterest
176000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
4398000 USD
us-gaap Increase Decrease In Due From Related Parties Current
IncreaseDecreaseInDueFromRelatedPartiesCurrent
-790000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-3433000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-26000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
1213000 USD
us-gaap Increase Decrease In Operating Liabilities
IncreaseDecreaseInOperatingLiabilities
-200000 USD
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
-37161000 USD
us-gaap Increase Decrease In Due From Related Parties Current
IncreaseDecreaseInDueFromRelatedPartiesCurrent
-1064000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-618000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-679000 USD
us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
3601000 USD
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
-37674000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
4674000 USD
us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
68348000 USD
us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
33654000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
645000 USD
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
34049000 USD
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-27342000 USD
us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
47959000 USD
us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
75109000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
192000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
38736000 USD
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
299000 USD
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
299000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
2097000 USD
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
40534000 USD
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-299000 USD
us-gaap Net Cash Provided By Used In Continuing Operations
NetCashProvidedByUsedInContinuingOperations
-3924000 USD
us-gaap Net Cash Provided By Used In Continuing Operations
NetCashProvidedByUsedInContinuingOperations
-23969000 USD
us-gaap Interest Paid
InterestPaid
24000 USD
us-gaap Interest Paid
InterestPaid
864000 USD
CY2012Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
33971000 USD
CY2013Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
30047000 USD
us-gaap Fair Value Assumptions Expected Term
FairValueAssumptionsExpectedTerm
P1Y
CY2014Q3 fold Number Of Patients With Glphek Amenable Mutation Who Completed Study012
NumberOfPatientsWithGLPHEKAmenableMutationWhoCompletedStudy012
48 item
CY2014Q3 fold Number Of Patients Elected To Continue With Treatment Extension
NumberOfPatientsElectedToContinueWithTreatmentExtension
46 item
CY2014Q3 fold Patients Elected To Continue With Twelve Month Treatment Extension Percent
PatientsElectedToContinueWithTwelveMonthTreatmentExtensionPercent
0.96 pure
CY2014Q3 fold Term Of Treatment Extension
TermOfTreatmentExtension
P12M
CY2014Q3 fold Number Of Patients Remain On Migalastate
NumberOfPatientsRemainOnMigalastate
45 item

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