2013 Q4 Form 10-Q Financial Statement

#000117891313003218 Filed on November 14, 2013

View on sec.gov

Income Statement

Concept 2013 Q4 2013 Q3 2012 Q3
Revenue $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $250.0K $232.2K $220.0K
YoY Change 31.58% 5.54% -8.33%
% of Gross Profit
Research & Development $530.0K $495.2K $469.8K
YoY Change 6.0% 5.4% 1.9%
% of Gross Profit
Depreciation & Amortization $10.00K $10.00K $10.00K
YoY Change 0.0% 0.0% 0.0%
% of Gross Profit
Operating Expenses $780.0K $727.4K $469.8K
YoY Change 13.04% 54.82% 1.9%
Operating Profit -$727.4K -$686.0K
YoY Change 6.03% -2.03%
Interest Expense -$6.400M $30.00K -$10.00K
YoY Change 63900.0% -400.0% 0.0%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$7.180M -$700.0K -$700.0K
YoY Change 925.71% 0.0% -1.41%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$7.550M -$699.9K -$700.6K
YoY Change 978.57% -0.1% -1.15%
Net Earnings / Revenue
Basic Earnings Per Share -$0.16
Diluted Earnings Per Share -$18.41 -$0.16 -$1.72
COMMON SHARES
Basic Shares Outstanding 5.302M shares 5.300M shares
Diluted Shares Outstanding 5.300M shares

Balance Sheet

Concept 2013 Q4 2013 Q3 2012 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.390M $3.520M $180.0K
YoY Change 342.59% 1855.56% -92.74%
Cash & Equivalents $2.386M $3.517M $182.4K
Short-Term Investments
Other Short-Term Assets $93.05K $70.43K $132.0K
YoY Change 14.21% -46.63% 119.94%
Inventory
Prepaid Expenses $29.04K
Receivables
Other Receivables $0.00
Total Short-Term Assets $2.479M $3.587M $314.4K
YoY Change 296.71% 1041.09% -87.62%
LONG-TERM ASSETS
Property, Plant & Equipment $107.2K $103.2K $69.31K
YoY Change 52.72% 48.87% -22.99%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $170.0K $170.0K $110.0K
YoY Change 41.67% 54.55% -21.43%
Total Long-Term Assets $277.2K $270.3K $183.3K
YoY Change 46.16% 47.44% -20.29%
TOTAL ASSETS
Total Short-Term Assets $2.479M $3.587M $314.4K
Total Long-Term Assets $277.2K $270.3K $183.3K
Total Assets $2.756M $3.857M $497.7K
YoY Change 238.36% 675.06% -82.03%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $49.79K $197.8K $123.4K
YoY Change -59.37% 60.38% 2.8%
Accrued Expenses $44.09K
YoY Change -61.18%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $50.00K
YoY Change -100.0% -100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $310.9K $547.5K $419.2K
YoY Change -32.11% 30.6% 35.24%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $9.150M $2.740M $820.0K
YoY Change 963.95% 234.15% -9.89%
Total Long-Term Liabilities $9.146M $2.744M $820.0K
YoY Change 963.86% 234.57% -9.89%
TOTAL LIABILITIES
Total Short-Term Liabilities $310.9K $547.5K $419.2K
Total Long-Term Liabilities $9.146M $2.744M $820.0K
Total Liabilities $9.457M $3.291M $1.242M
YoY Change 617.71% 164.96% 2.65%
SHAREHOLDERS EQUITY
Retained Earnings -$25.65M -$18.38M -$14.59M
YoY Change 67.78% 25.98%
Common Stock $14.54M $14.52M $13.81M
YoY Change -1.63% 5.14%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$11.06M -$3.796M -$744.4K
YoY Change
Total Liabilities & Shareholders Equity $2.756M $3.857M $497.7K
YoY Change 238.36% 675.06% -82.03%

Cashflow Statement

Concept 2013 Q4 2013 Q3 2012 Q3
OPERATING ACTIVITIES
Net Income -$7.550M -$699.9K -$700.6K
YoY Change 978.57% -0.1% -1.15%
Depreciation, Depletion And Amortization $10.00K $10.00K $10.00K
YoY Change 0.0% 0.0% 0.0%
Cash From Operating Activities -$940.0K -$760.0K -$620.0K
YoY Change 67.86% 22.58% 34.78%
INVESTING ACTIVITIES
Capital Expenditures $10.00K $20.00K $10.00K
YoY Change 100.0%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00 $0.00
YoY Change -100.0%
Cash From Investing Activities -$10.00K -$10.00K $0.00
YoY Change 0.0% -100.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -180.0K -90.00K 50.00K
YoY Change -120.0% -280.0% -96.58%
NET CHANGE
Cash From Operating Activities -940.0K -760.0K -620.0K
Cash From Investing Activities -10.00K -10.00K 0.000
Cash From Financing Activities -180.0K -90.00K 50.00K
Net Change In Cash -1.130M -860.0K -570.0K
YoY Change -442.42% 50.88% -157.58%
FREE CASH FLOW
Cash From Operating Activities -$940.0K -$760.0K -$620.0K
Capital Expenditures $10.00K $20.00K $10.00K
Free Cash Flow -$950.0K -$780.0K -$630.0K
YoY Change 69.64% 23.81% 36.96%

Facts In Submission

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