2013 Q1 Form 10-Q Financial Statement

#000117891313001535 Filed on May 20, 2013

View on sec.gov

Income Statement

Concept 2013 Q1 2012 Q1
Revenue $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $183.6K $200.0K
YoY Change -8.21% 17.65%
% of Gross Profit
Research & Development $504.2K $445.1K
YoY Change 13.3% 19.17%
% of Gross Profit
Depreciation & Amortization $7.027K $6.497K
YoY Change 8.16% 51.27%
% of Gross Profit
Operating Expenses $687.8K $445.1K
YoY Change 54.54% 19.17%
Operating Profit -$687.8K -$648.0K
YoY Change 6.15% 20.2%
Interest Expense -$660.0K $10.00K
YoY Change -6700.0%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$1.340M -$630.0K
YoY Change 112.7% 16.67%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$1.344M -$635.0K
YoY Change 111.61% 17.53%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share -$3.23 -$1.53
COMMON SHARES
Basic Shares Outstanding 5.461M 5.296M
Diluted Shares Outstanding

Balance Sheet

Concept 2013 Q1 2012 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $5.330M $1.420M
YoY Change 275.35% -14.46%
Cash & Equivalents $5.325M $1.416M
Short-Term Investments
Other Short-Term Assets $72.51K $64.89K
YoY Change 11.74% 11.67%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $5.398M $1.481M
YoY Change 264.47% -13.78%
LONG-TERM ASSETS
Property, Plant & Equipment $65.52K $80.38K
YoY Change -18.49% 35.61%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $120.0K $130.0K
YoY Change -7.69% -7.14%
Total Long-Term Assets $187.8K $207.8K
YoY Change -9.61% 1.83%
TOTAL ASSETS
Total Short-Term Assets $5.398M $1.481M
Total Long-Term Assets $187.8K $207.8K
Total Assets $5.586M $1.689M
YoY Change 230.75% -12.13%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $143.0K $101.9K
YoY Change 40.25% 33.75%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $504.6K $324.0K
YoY Change 55.74% -6.2%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $3.750M $950.0K
YoY Change 294.74% 5.56%
Total Long-Term Liabilities $3.754M $950.0K
YoY Change 295.16% 5.56%
TOTAL LIABILITIES
Total Short-Term Liabilities $504.6K $324.0K
Total Long-Term Liabilities $3.754M $950.0K
Total Liabilities $4.259M $1.273M
YoY Change 234.65% 2.03%
SHAREHOLDERS EQUITY
Retained Earnings -$17.01M -$13.15M
YoY Change 29.31% 23.0%
Common Stock $14.71M $13.56M
YoY Change 8.51% 18.66%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$2.282M $416.2K
YoY Change
Total Liabilities & Shareholders Equity $5.586M $1.689M
YoY Change 230.75% -12.13%

Cashflow Statement

Concept 2013 Q1 2012 Q1
OPERATING ACTIVITIES
Net Income -$1.344M -$635.0K
YoY Change 111.61% 17.53%
Depreciation, Depletion And Amortization $7.027K $6.497K
YoY Change 8.16% 51.27%
Cash From Operating Activities -$645.4K -$475.8K
YoY Change 35.64% 29.53%
INVESTING ACTIVITIES
Capital Expenditures $786.00 $1.671K
YoY Change -52.96% -67.03%
Acquisitions
YoY Change
Other Investing Activities $0.00 -$10.00K
YoY Change -100.0% 0.0%
Cash From Investing Activities -$786.00 -$15.51K
YoY Change -94.93% 14.08%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change -100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $5.399M
YoY Change
NET CHANGE
Cash From Operating Activities -$645.4K -$475.8K
Cash From Investing Activities -$786.00 -$15.51K
Cash From Financing Activities $5.399M
Net Change In Cash $4.753M -$491.3K
YoY Change -1067.42% -355.24%
FREE CASH FLOW
Cash From Operating Activities -$645.4K -$475.8K
Capital Expenditures $786.00 $1.671K
Free Cash Flow -$646.2K -$477.5K
YoY Change 35.33% 28.22%

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us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2013Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
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us-gaap Paid In Kind Interest
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CY2013Q1 us-gaap Payments To Acquire Marketable Securities
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CY2012Q1 us-gaap Payments To Acquire Marketable Securities
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CY2013Q1 us-gaap Payments To Acquire Property Plant And Equipment
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CY2012Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
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us-gaap Payments To Acquire Property Plant And Equipment
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CY2013Q1 us-gaap Payments To Fund Longterm Loans To Related Parties
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us-gaap Payments To Fund Longterm Loans To Related Parties
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CY2012Q4 us-gaap Postemployment Benefits Liability Noncurrent
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CY2013Q1 us-gaap Postemployment Benefits Liability Noncurrent
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CY2013Q1 us-gaap Preferred Stock Dividends Income Statement Impact
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CY2012Q1 us-gaap Preferred Stock Dividends Income Statement Impact
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CY2013Q1 us-gaap Proceeds From Issuance Of Warrants
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CY2012Q1 us-gaap Proceeds From Issuance Of Warrants
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us-gaap Proceeds From Issuance Of Warrants
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CY2013Q1 us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
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CY2012Q1 us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
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us-gaap Proceeds From Related Party Debt
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CY2013Q1 us-gaap Proceeds From Repurchase Of Redeemable Preferred Stock
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5400000 USD
CY2013Q1 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
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CY2012Q1 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
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CY2013Q1 us-gaap Proceeds From Sale Of Property Plant And Equipment
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CY2012Q1 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
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CY2013Q1 us-gaap Repayments Of Convertible Debt
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CY2012Q1 us-gaap Research And Development Expense
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us-gaap Research And Development Expense
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CY2012Q4 us-gaap Retained Earnings Accumulated Deficit
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CY2013Q1 us-gaap Retained Earnings Accumulated Deficit
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CY2013Q1 us-gaap Share Based Compensation
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CY2012Q1 us-gaap Share Based Compensation
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us-gaap Share Based Compensation
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CY2013Q1 us-gaap Share Based Goods And Nonemployee Services Transaction Cash Flow Effects
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CY2012Q4 us-gaap Short Term Bank Loans And Notes Payable
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CY2013Q1 us-gaap Short Term Bank Loans And Notes Payable
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CY2010Q4 us-gaap Stockholders Equity
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CY2001Q3 us-gaap Stockholders Equity
StockholdersEquity
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CY2002Q4 us-gaap Stockholders Equity
StockholdersEquity
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CY2003Q4 us-gaap Stockholders Equity
StockholdersEquity
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CY2004Q4 us-gaap Stockholders Equity
StockholdersEquity
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CY2005Q4 us-gaap Stockholders Equity
StockholdersEquity
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CY2006Q4 us-gaap Stockholders Equity
StockholdersEquity
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CY2007Q4 us-gaap Stockholders Equity
StockholdersEquity
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CY2008Q4 us-gaap Stockholders Equity
StockholdersEquity
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CY2009Q4 us-gaap Stockholders Equity
StockholdersEquity
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CY2012Q4 us-gaap Stockholders Equity
StockholdersEquity
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CY2013Q1 us-gaap Stockholders Equity
StockholdersEquity
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CY2011Q4 us-gaap Stockholders Equity
StockholdersEquity
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CY2011Q1 us-gaap Stock Issued During Period Shares Issued For Cash
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StockIssuedDuringPeriodSharesIssuedForCash
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CY2011Q2 us-gaap Stock Issued During Period Shares Issued For Cash
StockIssuedDuringPeriodSharesIssuedForCash
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CY2011Q3 us-gaap Stock Issued During Period Shares Issued For Cash
StockIssuedDuringPeriodSharesIssuedForCash
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CY2012Q4 us-gaap Stock Issued During Period Shares Issued For Cash
StockIssuedDuringPeriodSharesIssuedForCash
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CY2010 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
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CY2005 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
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CY2006 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
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CY2007 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
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CY2008 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
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CY2009 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
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CY2010 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
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CY2013Q1 us-gaap Stock Issued During Period Value Share Based Compensation
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CY2011 us-gaap Stock Issued During Period Value Share Based Compensation
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CY2012 us-gaap Stock Issued During Period Value Share Based Compensation
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CY2012Q4 us-gaap Temporary Equity Par Or Stated Value Per Share
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CY2012Q4 us-gaap Temporary Equity Shares Authorized
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CY2012Q4 us-gaap Temporary Equity Shares Issued
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CY2013Q1 us-gaap Temporary Equity Shares Issued
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CY2012Q4 us-gaap Temporary Equity Shares Outstanding
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CY2013Q1 us-gaap Temporary Equity Shares Outstanding
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CY2013Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
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CY2012Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
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us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
shares

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