2014 Q1 Form 10-Q Financial Statement

#000117891314001619 Filed on May 13, 2014

View on sec.gov

Income Statement

Concept 2014 Q1 2013 Q1
Revenue $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $436.1K $183.6K
YoY Change 137.56% -8.21%
% of Gross Profit
Research & Development $451.1K $504.2K
YoY Change -10.54% 13.3%
% of Gross Profit
Depreciation & Amortization $8.096K $7.027K
YoY Change 15.21% 8.16%
% of Gross Profit
Operating Expenses $887.2K $687.8K
YoY Change 28.98% 54.54%
Operating Profit -$887.2K -$687.8K
YoY Change 28.98% 6.15%
Interest Expense $150.0K -$660.0K
YoY Change -122.73% -6700.0%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$740.0K -$1.340M
YoY Change -44.78% 112.7%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$736.9K -$1.344M
YoY Change -45.15% 111.61%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share -$1.64 -$3.23
COMMON SHARES
Basic Shares Outstanding 5.304M shares 5.461M
Diluted Shares Outstanding

Balance Sheet

Concept 2014 Q1 2013 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.620M $5.330M
YoY Change -69.61% 275.35%
Cash & Equivalents $1.617M $5.325M
Short-Term Investments
Other Short-Term Assets $88.49K $72.51K
YoY Change 22.04% 11.74%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $1.706M $5.398M
YoY Change -68.4% 264.47%
LONG-TERM ASSETS
Property, Plant & Equipment $107.5K $65.52K
YoY Change 64.05% -18.49%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $170.0K $120.0K
YoY Change 41.67% -7.69%
Total Long-Term Assets $276.7K $187.8K
YoY Change 47.36% -9.61%
TOTAL ASSETS
Total Short-Term Assets $1.706M $5.398M
Total Long-Term Assets $276.7K $187.8K
Total Assets $1.982M $5.586M
YoY Change -64.51% 230.75%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $135.6K $143.0K
YoY Change -5.19% 40.25%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $20.00K $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $505.9K $504.6K
YoY Change 0.26% 55.74%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $8.990M $3.750M
YoY Change 139.73% 294.74%
Total Long-Term Liabilities $8.991M $3.754M
YoY Change 139.51% 295.16%
TOTAL LIABILITIES
Total Short-Term Liabilities $505.9K $504.6K
Total Long-Term Liabilities $8.991M $3.754M
Total Liabilities $9.497M $4.259M
YoY Change 123.01% 234.65%
SHAREHOLDERS EQUITY
Retained Earnings -$26.48M -$17.01M
YoY Change 55.71% 29.31%
Common Stock $14.56M $14.71M
YoY Change -1.04% 8.51%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$11.87M -$2.282M
YoY Change
Total Liabilities & Shareholders Equity $1.982M $5.586M
YoY Change -64.51% 230.75%

Cashflow Statement

Concept 2014 Q1 2013 Q1
OPERATING ACTIVITIES
Net Income -$736.9K -$1.344M
YoY Change -45.15% 111.61%
Depreciation, Depletion And Amortization $8.096K $7.027K
YoY Change 15.21% 8.16%
Cash From Operating Activities -$690.0K -$645.4K
YoY Change 6.91% 35.64%
INVESTING ACTIVITIES
Capital Expenditures $8.854K $786.00
YoY Change 1026.46% -52.96%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00
YoY Change -100.0%
Cash From Investing Activities -$10.00K -$786.00
YoY Change 1172.26% -94.93%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -70.00K $5.399M
YoY Change -101.3%
NET CHANGE
Cash From Operating Activities -690.0K -$645.4K
Cash From Investing Activities -10.00K -$786.00
Cash From Financing Activities -70.00K $5.399M
Net Change In Cash -770.0K $4.753M
YoY Change -116.2% -1067.42%
FREE CASH FLOW
Cash From Operating Activities -$690.0K -$645.4K
Capital Expenditures $8.854K $786.00
Free Cash Flow -$698.9K -$646.2K
YoY Change 8.15% 35.33%

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CY2013Q1 us-gaap Payments To Acquire Marketable Securities
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us-gaap Share Based Compensation
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StockholdersEquity
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StockholdersEquity
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StockholdersEquity
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StockholdersEquity
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StockholdersEquity
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StockholdersEquity
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StockholdersEquity
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StockholdersEquity
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StockholdersEquity
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CY2008 us-gaap Stock Issued During Period Value Share Based Compensation
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CY2013Q4 us-gaap Warrants And Rights Outstanding
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CY2013Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
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CY2014Q1 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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