2012 Q1 Form 10-K Financial Statement

#000117891312000703 Filed on March 14, 2012

View on sec.gov

Income Statement

Concept 2012 Q1 2010 Q4 2009
Revenue $0.00 $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $200.0K $130.0K $170.0K
YoY Change 17.65% 6.25%
% of Gross Profit
Research & Development $445.1K $260.0K $1.005M
YoY Change 19.17% -18.94%
% of Gross Profit
Depreciation & Amortization $6.497K $10.00K $20.84K
YoY Change 51.27% 4.19%
% of Gross Profit
Operating Expenses $445.1K $380.0K $1.005M
YoY Change 19.17% -28.21%
Operating Profit -$648.0K -$1.170M
YoY Change 20.2%
Interest Expense $10.00K -$250.0K -$20.00K
YoY Change -81.82%
% of Operating Profit
Other Income/Expense, Net -$10.00K
YoY Change -50.0%
Pretax Income -$630.0K -$630.0K -$1.200M
YoY Change 16.67% -21.57%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$635.0K -$630.0K -$1.202M
YoY Change 17.53% -21.37%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share -$1.53 -$1.25 -$3.87
COMMON SHARES
Basic Shares Outstanding 5.296M
Diluted Shares Outstanding

Balance Sheet

Concept 2012 Q1 2010 Q4 2009
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.420M $1.490M $60.00K
YoY Change -14.46%
Cash & Equivalents $1.416M $1.494M $60.00K
Short-Term Investments
Other Short-Term Assets $64.89K $85.70K $20.00K
YoY Change 11.67%
Inventory
Prepaid Expenses
Receivables $10.00K $10.00K
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.481M $1.580M $100.0K
YoY Change -13.78%
LONG-TERM ASSETS
Property, Plant & Equipment $80.38K $57.35K $70.00K
YoY Change 35.61%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $130.0K $130.0K $100.0K
YoY Change -7.14%
Total Long-Term Assets $207.8K $190.7K $160.0K
YoY Change 1.83%
TOTAL ASSETS
Total Short-Term Assets $1.481M $1.580M $100.0K
Total Long-Term Assets $207.8K $190.7K $160.0K
Total Assets $1.689M $1.771M $260.0K
YoY Change -12.13%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $101.9K $10.67K $30.00K
YoY Change 33.75%
Accrued Expenses $210.0K $110.0K
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $20.00K $90.00K
YoY Change -100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $324.0K $288.1K $240.0K
YoY Change -6.2%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $950.0K $880.0K $800.0K
YoY Change 5.56%
Total Long-Term Liabilities $950.0K $880.0K $800.0K
YoY Change 5.56%
TOTAL LIABILITIES
Total Short-Term Liabilities $324.0K $288.1K $240.0K
Total Long-Term Liabilities $950.0K $880.0K $800.0K
Total Liabilities $1.273M $1.172M $1.040M
YoY Change 2.03%
SHAREHOLDERS EQUITY
Retained Earnings -$13.15M -$10.15M
YoY Change 23.0%
Common Stock $13.56M $10.77M
YoY Change 18.66%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $416.2K $598.1K -$780.0K
YoY Change
Total Liabilities & Shareholders Equity $1.689M $1.771M $260.0K
YoY Change -12.13%

Cashflow Statement

Concept 2012 Q1 2010 Q4 2009
OPERATING ACTIVITIES
Net Income -$635.0K -$630.0K -$1.202M
YoY Change 17.53% -21.37%
Depreciation, Depletion And Amortization $6.497K $10.00K $20.84K
YoY Change 51.27% 4.19%
Cash From Operating Activities -$475.8K -$440.0K -$1.163M
YoY Change 29.53% -10.56%
INVESTING ACTIVITIES
Capital Expenditures $1.671K $0.00 $5.007K
YoY Change -67.03% -49.93%
Acquisitions
YoY Change
Other Investing Activities -$10.00K $0.00 $230.0K
YoY Change 0.0% -428.57%
Cash From Investing Activities -$15.51K $0.00 $228.9K
YoY Change 14.08% -386.15%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00 $378.0K
YoY Change -100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.980M $466.3K
YoY Change -44.49%
NET CHANGE
Cash From Operating Activities -$475.8K -440.0K -$1.163M
Cash From Investing Activities -$15.51K 0.000 $228.9K
Cash From Financing Activities 1.980M $466.3K
Net Change In Cash -$491.3K 1.540M -$467.5K
YoY Change -355.24% -13.42%
FREE CASH FLOW
Cash From Operating Activities -$475.8K -$440.0K -$1.163M
Capital Expenditures $1.671K $0.00 $5.007K
Free Cash Flow -$477.5K -$440.0K -$1.168M
YoY Change 28.22% -10.86%

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CY2009 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-1162730 USD
CY2010 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-1367837 USD
CY2011 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-1916113 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-9276835 USD
us-gaap Net Income Loss
NetIncomeLoss
-63293 USD
CY2003 us-gaap Net Income Loss
NetIncomeLoss
-350290 USD
CY2004 us-gaap Net Income Loss
NetIncomeLoss
-288233 USD
CY2005 us-gaap Net Income Loss
NetIncomeLoss
-1055594 USD
CY2006 us-gaap Net Income Loss
NetIncomeLoss
-1282842 USD
CY2007 us-gaap Net Income Loss
NetIncomeLoss
-1593205 USD
CY2008 us-gaap Net Income Loss
NetIncomeLoss
-1528981 USD
CY2009 us-gaap Net Income Loss
NetIncomeLoss
-1202296 USD
CY2010 us-gaap Net Income Loss
NetIncomeLoss
-2788446 USD
CY2011 us-gaap Net Income Loss
NetIncomeLoss
-2364339 USD
us-gaap Net Income Loss
NetIncomeLoss
-12517519 USD
CY2009 us-gaap Operating Income Loss
OperatingIncomeLoss
-1170264 USD
CY2010 us-gaap Operating Income Loss
OperatingIncomeLoss
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CY2011 us-gaap Operating Income Loss
OperatingIncomeLoss
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us-gaap Operating Income Loss
OperatingIncomeLoss
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CY2010Q4 us-gaap Other Assets Current
OtherAssetsCurrent
85704 USD
CY2011Q4 us-gaap Other Assets Current
OtherAssetsCurrent
92817 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease
-5 USD
CY2003 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease
-15035 USD
CY2004 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease
-15069 USD
CY2005 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease
8542 USD
CY2006 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease
-57127 USD
CY2007 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease
84528 USD
CY2008 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease
110134 USD
CY2009 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease
-13367 USD
CY2010 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease
-119019 USD
CY2011 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease
39052 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease
-63298 USD
CY2003 us-gaap Other Comprehensive Income Loss Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease
-365325 USD
CY2004 us-gaap Other Comprehensive Income Loss Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease
-303302 USD
CY2005 us-gaap Other Comprehensive Income Loss Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease
-1047052 USD
CY2006 us-gaap Other Comprehensive Income Loss Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease
-1339969 USD
CY2007 us-gaap Other Comprehensive Income Loss Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease
-1508677 USD
CY2008 us-gaap Other Comprehensive Income Loss Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease
-1418847 USD
CY2009 us-gaap Other Comprehensive Income Loss Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease
-1215663 USD
CY2010 us-gaap Other Comprehensive Income Loss Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease
-2907465 USD
CY2011 us-gaap Other Comprehensive Income Loss Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease
-2325287 USD
CY2010Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
258586 USD
CY2011Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
211278 USD
CY2009 us-gaap Other Operating Income
OtherOperatingIncome
USD
CY2010 us-gaap Other Operating Income
OtherOperatingIncome
912 USD
CY2011 us-gaap Other Operating Income
OtherOperatingIncome
USD
us-gaap Other Operating Income
OtherOperatingIncome
912 USD
CY2009 us-gaap Paid In Kind Interest
PaidInKindInterest
USD
CY2010 us-gaap Paid In Kind Interest
PaidInKindInterest
1214943 USD
CY2011 us-gaap Paid In Kind Interest
PaidInKindInterest
USD
us-gaap Paid In Kind Interest
PaidInKindInterest
1214943 USD
CY2009 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
USD
CY2010 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
USD
CY2011 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
USD
us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
388732 USD
CY2009 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
5007 USD
CY2010 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
8725 USD
CY2011 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
54619 USD
CY2009 us-gaap Payments To Fund Longterm Loans To Related Parties
PaymentsToFundLongtermLoansToRelatedParties
-127551 USD
CY2010 us-gaap Payments To Fund Longterm Loans To Related Parties
PaymentsToFundLongtermLoansToRelatedParties
USD
CY2011 us-gaap Payments To Fund Longterm Loans To Related Parties
PaymentsToFundLongtermLoansToRelatedParties
USD
us-gaap Payments To Fund Longterm Loans To Related Parties
PaymentsToFundLongtermLoansToRelatedParties
14252 USD
CY2009 us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
USD
CY2010 us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
1144000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
208773 USD
CY2011 us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
USD
us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
1144000 USD
CY2009 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
378000 USD
CY2010 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
2357032 USD
CY2011 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
2401214 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
10406380 USD
CY2009 us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
USD
CY2010 us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
USD
CY2011 us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
USD
us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
347742 USD
CY2009 us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
88265 USD
CY2010 us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
-75845 USD
CY2011 us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
-18669 USD
us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
-6218 USD
CY2009 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
135195 USD
CY2010 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
USD
CY2011 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
USD
us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
406995 USD
CY2009 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
USD
CY2010 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
4791 USD
CY2011 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
4791 USD
CY2010Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
57350 USD
CY2011Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
82868 USD
CY2009 us-gaap Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
USD
CY2011 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
1789301 USD
CY2010 us-gaap Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
527396 USD
CY2011 us-gaap Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
USD
us-gaap Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
527396 USD
CY2009 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
1005108 USD
CY2010 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
934056 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
8555714 USD
CY2010Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-10153180 USD
CY2011Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-12517519 USD
CY2009 us-gaap Share Based Compensation
ShareBasedCompensation
12171 USD
CY2010 us-gaap Share Based Compensation
ShareBasedCompensation
14575 USD
CY2011 us-gaap Share Based Compensation
ShareBasedCompensation
378072 USD
us-gaap Share Based Compensation
ShareBasedCompensation
1230903 USD
CY2010Q4 us-gaap Short Term Bank Loans And Notes Payable
ShortTermBankLoansAndNotesPayable
18843 USD
CY2011Q4 us-gaap Short Term Bank Loans And Notes Payable
ShortTermBankLoansAndNotesPayable
USD
CY2002Q4 us-gaap Stockholders Equity
StockholdersEquity
-22856 USD
CY2003Q4 us-gaap Stockholders Equity
StockholdersEquity
-388181 USD
CY2004Q4 us-gaap Stockholders Equity
StockholdersEquity
-487627 USD
CY2005Q4 us-gaap Stockholders Equity
StockholdersEquity
-270063 USD
CY2006Q4 us-gaap Stockholders Equity
StockholdersEquity
1776235 USD
CY2007Q4 us-gaap Stockholders Equity
StockholdersEquity
542217 USD
CY2008Q4 us-gaap Stockholders Equity
StockholdersEquity
49750 USD
CY2009Q4 us-gaap Stockholders Equity
StockholdersEquity
-775742 USD
CY2010Q4 us-gaap Stockholders Equity
StockholdersEquity
598139 USD
CY2011Q4 us-gaap Stockholders Equity
StockholdersEquity
968239 USD
CY2010 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
694796 USD
CY2005 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
189616 USD
CY2006 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
277497 USD
CY2007 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
274659 USD
CY2008 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
84380 USD
CY2009 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
12171 USD
CY2010 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
14575 USD
CY2011 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
378072 USD

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