2012 Q2 Form 10-Q Financial Statement

#000117891312001457 Filed on May 15, 2012

View on sec.gov

Income Statement

Concept 2012 Q2 2012 Q1 2011 Q1
Revenue $0.00 $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $250.0K $200.0K $170.0K
YoY Change 177.78% 17.65% 21.43%
% of Gross Profit
Research & Development $508.5K $445.1K $373.5K
YoY Change 24.02% 19.17% 69.77%
% of Gross Profit
Depreciation & Amortization $0.00 $6.497K $4.295K
YoY Change -100.0% 51.27%
% of Gross Profit
Operating Expenses $508.5K $445.1K $373.5K
YoY Change 1.69% 19.17% 3.75%
Operating Profit -$754.1K -$648.0K -$539.1K
YoY Change 20.2%
Interest Expense $20.00K $10.00K $0.00
YoY Change -200.0%
% of Operating Profit
Other Income/Expense, Net $0.00
YoY Change
Pretax Income -$740.0K -$630.0K -$540.0K
YoY Change 42.31% 16.67% 50.0%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$737.5K -$635.0K -$540.3K
YoY Change 41.82% 17.53% 50.07%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share -$1.81 -$1.53 -$1.45
COMMON SHARES
Basic Shares Outstanding 5.296M 5.296M
Diluted Shares Outstanding

Balance Sheet

Concept 2012 Q2 2012 Q1 2011 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $760.0K $1.420M $1.660M
YoY Change -49.33% -14.46%
Cash & Equivalents $758.4K $1.416M $1.660M
Short-Term Investments
Other Short-Term Assets $100.0K $64.89K $58.11K
YoY Change 150.0% 11.67%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $860.0K $1.481M $1.718M
YoY Change -44.87% -13.78%
LONG-TERM ASSETS
Property, Plant & Equipment $70.00K $80.38K $59.27K
YoY Change -30.0% 35.61%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $110.0K $130.0K $140.0K
YoY Change -26.67% -7.14%
Total Long-Term Assets $180.0K $207.8K $204.0K
YoY Change -28.0% 1.83%
TOTAL ASSETS
Total Short-Term Assets $860.0K $1.481M $1.718M
Total Long-Term Assets $180.0K $207.8K $204.0K
Total Assets $1.040M $1.689M $1.922M
YoY Change -42.54% -12.13%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $140.0K $101.9K $76.22K
YoY Change 100.0% 33.75%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $30.00K
YoY Change -100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $360.0K $324.0K $345.4K
YoY Change 56.52% -6.2%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $870.0K $950.0K $900.0K
YoY Change -5.43% 5.56%
Total Long-Term Liabilities $870.0K $950.0K $900.0K
YoY Change -5.43% 5.56%
TOTAL LIABILITIES
Total Short-Term Liabilities $360.0K $324.0K $345.4K
Total Long-Term Liabilities $870.0K $950.0K $900.0K
Total Liabilities $1.230M $1.273M $1.247M
YoY Change 6.96% 2.03%
SHAREHOLDERS EQUITY
Retained Earnings -$13.15M -$10.69M
YoY Change 23.0%
Common Stock $13.56M $11.43M
YoY Change 18.66%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$190.0K $416.2K $674.6K
YoY Change
Total Liabilities & Shareholders Equity $1.040M $1.689M $1.922M
YoY Change -42.54% -12.13%

Cashflow Statement

Concept 2012 Q2 2012 Q1 2011 Q1
OPERATING ACTIVITIES
Net Income -$737.5K -$635.0K -$540.3K
YoY Change 41.82% 17.53% 50.07%
Depreciation, Depletion And Amortization $0.00 $6.497K $4.295K
YoY Change -100.0% 51.27%
Cash From Operating Activities -$640.0K -$475.8K -$367.3K
YoY Change 25.49% 29.53%
INVESTING ACTIVITIES
Capital Expenditures $0.00 $1.671K $5.069K
YoY Change -100.0% -67.03%
Acquisitions
YoY Change
Other Investing Activities $0.00 -$10.00K -$10.00K
YoY Change 0.0%
Cash From Investing Activities $10.00K -$15.51K -$13.59K
YoY Change -120.0% 14.08%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00 $563.1K
YoY Change -100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 0.000 $573.4K
YoY Change -100.0%
NET CHANGE
Cash From Operating Activities -640.0K -$475.8K -$367.3K
Cash From Investing Activities 10.00K -$15.51K -$13.59K
Cash From Financing Activities 0.000 $573.4K
Net Change In Cash -630.0K -$491.3K $192.5K
YoY Change 200.0% -355.24%
FREE CASH FLOW
Cash From Operating Activities -$640.0K -$475.8K -$367.3K
Capital Expenditures $0.00 $1.671K $5.069K
Free Cash Flow -$640.0K -$477.5K -$372.4K
YoY Change 16.36% 28.22%

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