2012 Q4 Form 10-Q Financial Statement

#000117891312003213 Filed on November 19, 2012

View on sec.gov

Income Statement

Concept 2012 Q4 2012 Q3 2011 Q3
Revenue $0.00 $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $190.0K $220.0K $240.0K
YoY Change 280.0% -8.33% 118.18%
% of Gross Profit
Research & Development $500.0K $469.8K $461.1K
YoY Change -9.09% 1.9% 142.67%
% of Gross Profit
Depreciation & Amortization $10.00K $10.00K $10.00K
YoY Change 0.0%
% of Gross Profit
Operating Expenses $690.0K $469.8K $461.1K
YoY Change 15.0% 1.9% 58.99%
Operating Profit -$686.0K -$700.2K
YoY Change -2.03%
Interest Expense -$10.00K -$10.00K -$10.00K
YoY Change 0.0% -97.44%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$700.0K -$700.0K -$710.0K
YoY Change 16.67% -1.41% 4.41%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$700.0K -$700.6K -$708.7K
YoY Change 16.67% -1.15% 4.22%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share -$1.69 -$1.72 -$1.77
COMMON SHARES
Basic Shares Outstanding 5.454M
Diluted Shares Outstanding

Balance Sheet

Concept 2012 Q4 2012 Q3 2011 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $540.0K $180.0K $2.480M
YoY Change -71.58% -92.74%
Cash & Equivalents $543.4K $182.4K $2.476M
Short-Term Investments
Other Short-Term Assets $81.47K $132.0K $60.00K
YoY Change -12.22% 119.94%
Inventory
Prepaid Expenses $29.46K
Receivables
Other Receivables
Total Short-Term Assets $624.9K $314.4K $2.540M
YoY Change -68.59% -87.62%
LONG-TERM ASSETS
Property, Plant & Equipment $70.20K $69.31K $90.00K
YoY Change -15.29% -22.99%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $120.0K $110.0K $140.0K
YoY Change 9.09% -21.43%
Total Long-Term Assets $189.7K $183.3K $230.0K
YoY Change -1.81% -20.29%
TOTAL ASSETS
Total Short-Term Assets $624.9K $314.4K $2.540M
Total Long-Term Assets $189.7K $183.3K $230.0K
Total Assets $814.6K $497.7K $2.770M
YoY Change -62.68% -82.03%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $122.5K $123.4K $120.0K
YoY Change 70.75% 2.8%
Accrued Expenses $113.6K
YoY Change 41.36%
Deferred Revenue
YoY Change
Short-Term Debt $40.00K $50.00K $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $458.0K $419.2K $310.0K
YoY Change 61.8% 35.24%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $860.0K $820.0K $910.0K
YoY Change -7.53% -9.89%
Total Long-Term Liabilities $859.7K $820.0K $910.0K
YoY Change -7.56% -9.89%
TOTAL LIABILITIES
Total Short-Term Liabilities $458.0K $419.2K $310.0K
Total Long-Term Liabilities $859.7K $820.0K $910.0K
Total Liabilities $1.318M $1.242M $1.210M
YoY Change 8.51% 2.65%
SHAREHOLDERS EQUITY
Retained Earnings -$15.29M -$14.59M
YoY Change 22.15%
Common Stock $14.78M $13.81M
YoY Change 9.77%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$503.1K -$744.4K $1.560M
YoY Change
Total Liabilities & Shareholders Equity $814.6K $497.7K $2.770M
YoY Change -62.68% -82.03%

Cashflow Statement

Concept 2012 Q4 2012 Q3 2011 Q3
OPERATING ACTIVITIES
Net Income -$700.0K -$700.6K -$708.7K
YoY Change 16.67% -1.15% 4.22%
Depreciation, Depletion And Amortization $10.00K $10.00K $10.00K
YoY Change 0.0%
Cash From Operating Activities -$560.0K -$620.0K -$460.0K
YoY Change -3.45% 34.78% 70.37%
INVESTING ACTIVITIES
Capital Expenditures $0.00 $10.00K $0.00
YoY Change -100.0%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00 -$10.00K
YoY Change -100.0% -100.0% 0.0%
Cash From Investing Activities -$10.00K $0.00 -$10.00K
YoY Change -133.33% -100.0% -50.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 900.0K 50.00K 1.460M
YoY Change -96.58% 563.64%
NET CHANGE
Cash From Operating Activities -560.0K -620.0K -460.0K
Cash From Investing Activities -10.00K 0.000 -10.00K
Cash From Financing Activities 900.0K 50.00K 1.460M
Net Change In Cash 330.0K -570.0K 990.0K
YoY Change -160.0% -157.58% -1514.29%
FREE CASH FLOW
Cash From Operating Activities -$560.0K -$620.0K -$460.0K
Capital Expenditures $0.00 $10.00K $0.00
Free Cash Flow -$560.0K -$630.0K -$460.0K
YoY Change -3.45% 36.96% 64.29%

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CY2011Q3 us-gaap Net Income Loss
NetIncomeLoss
-708708 USD
us-gaap Net Income Loss
NetIncomeLoss
-2072967 USD
CY2012Q3 us-gaap Net Income Loss
NetIncomeLoss
-700556 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
-12804638 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
-1736096 USD
CY2011Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-700246 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
-2088102 USD
CY2012Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-686026 USD
CY2011Q4 us-gaap Other Assets Current
OtherAssetsCurrent
92817 USD
CY2012Q3 us-gaap Other Assets Current
OtherAssetsCurrent
131963 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease
-5 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease
35708 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 Foreign Currency Transaction And Translation Adjustment Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease
42408 USD
CY2011Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease
42384 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease
13074 USD
CY2012Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease
-8069 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease
-14554778 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease
-1723221 USD
CY2011Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease
-666324 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease
-2059893 USD
CY2012Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease
-708625 USD
CY2011Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
211278 USD
CY2012Q3 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
244897 USD
us-gaap Other Operating Income
OtherOperatingIncome
912 USD
us-gaap Other Operating Income
OtherOperatingIncome
USD
CY2011Q3 us-gaap Other Operating Income
OtherOperatingIncome
USD
us-gaap Other Operating Income
OtherOperatingIncome
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CY2012Q3 us-gaap Other Operating Income
OtherOperatingIncome
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us-gaap Paid In Kind Interest
PaidInKindInterest
1214943 USD
us-gaap Paid In Kind Interest
PaidInKindInterest
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us-gaap Paid In Kind Interest
PaidInKindInterest
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us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
388732 USD
us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
USD
us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
215742 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
53388 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
6969 USD
us-gaap Payments To Fund Longterm Loans To Related Parties
PaymentsToFundLongtermLoansToRelatedParties
14252 USD
us-gaap Payments To Fund Longterm Loans To Related Parties
PaymentsToFundLongtermLoansToRelatedParties
USD
us-gaap Payments To Fund Longterm Loans To Related Parties
PaymentsToFundLongtermLoansToRelatedParties
USD
CY2011Q4 us-gaap Postemployment Benefits Liability Noncurrent
PostemploymentBenefitsLiabilityNoncurrent
241176 USD
CY2012Q3 us-gaap Postemployment Benefits Liability Noncurrent
PostemploymentBenefitsLiabilityNoncurrent
218263 USD
us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
1144000 USD
us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
USD
us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
10406380 USD
CY2010 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
4000000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
2401214 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
USD
us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
347742 USD
us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
USD
us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
USD
us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
44762 USD
us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
-18943 USD
us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
50980 USD
us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
406995 USD
us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
USD
us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
4791 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
USD
CY2011Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
82868 USD
CY2012Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
69307 USD
us-gaap Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
527396 USD
us-gaap Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
USD
us-gaap Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
9979078 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
1242191 USD
CY2011Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
461077 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
1423364 USD
CY2012Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
469836 USD
CY2011Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-12517519 USD
CY2012Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-14590486 USD
us-gaap Share Based Compensation
ShareBasedCompensation
1530165 USD
us-gaap Share Based Compensation
ShareBasedCompensation
283554 USD
us-gaap Share Based Compensation
ShareBasedCompensation
299262 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Term
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedTerm
6
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.5
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.02
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
17500
CY2012Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
6.25
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
3.08
CY2011Q4 us-gaap Short Term Bank Loans And Notes Payable
ShortTermBankLoansAndNotesPayable
USD
CY2012Q3 us-gaap Short Term Bank Loans And Notes Payable
ShortTermBankLoansAndNotesPayable
50980 USD
CY2001Q3 us-gaap Stockholders Equity
StockholdersEquity
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
CY2012Q3 us-gaap Stockholders Equity
StockholdersEquity
-744385 USD
us-gaap Stockholders Equity Other
StockholdersEquityOther
-48007 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
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
299262 USD

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