2014 Q2 Form 10-Q Financial Statement

#000117891314002720 Filed on August 19, 2014

View on sec.gov

Income Statement

Concept 2014 Q2 2013 Q2
Revenue $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $427.5K $370.5K
YoY Change 15.4% 48.2%
% of Gross Profit
Research & Development $454.8K $461.3K
YoY Change -1.41% -9.27%
% of Gross Profit
Depreciation & Amortization $10.00K $0.00
YoY Change
% of Gross Profit
Operating Expenses $882.3K $831.8K
YoY Change 6.08% 63.59%
Operating Profit -$882.3K -$831.8K
YoY Change 6.08% 10.31%
Interest Expense $6.140M $260.0K
YoY Change 2261.54% 1200.0%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $5.260M -$580.0K
YoY Change -1006.9% -21.62%
Income Tax $0.00 $0.00
% Of Pretax Income 0.0%
Net Earnings $5.262M -$576.6K
YoY Change -1012.58% -21.81%
Net Earnings / Revenue
Basic Earnings Per Share $0.79 -$0.13
Diluted Earnings Per Share $0.78 -$0.13
COMMON SHARES
Basic Shares Outstanding 5.304M shares 5.298M shares
Diluted Shares Outstanding 5.336M shares 5.298M shares

Balance Sheet

Concept 2014 Q2 2013 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $590.0K $4.320M
YoY Change -86.34% 468.42%
Cash & Equivalents $589.7K $4.321M
Short-Term Investments
Other Short-Term Assets $118.7K $78.43K
YoY Change 51.3% -21.57%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $708.4K $4.400M
YoY Change -83.9% 411.59%
LONG-TERM ASSETS
Property, Plant & Equipment $139.8K $91.91K
YoY Change 52.05% 31.3%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $170.0K $170.0K
YoY Change 0.0% 54.55%
Total Long-Term Assets $311.4K $258.0K
YoY Change 20.69% 43.35%
TOTAL ASSETS
Total Short-Term Assets $708.4K $4.400M
Total Long-Term Assets $311.4K $258.0K
Total Assets $1.020M $4.658M
YoY Change -78.1% 347.86%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $169.1K $174.9K
YoY Change -3.3% 24.95%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $517.1K $548.7K
YoY Change -5.76% 52.42%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $2.860M $2.800M
YoY Change 2.14% 221.84%
Total Long-Term Liabilities $2.860M $2.796M
YoY Change 2.29% 221.34%
TOTAL LIABILITIES
Total Short-Term Liabilities $517.1K $548.7K
Total Long-Term Liabilities $2.860M $2.796M
Total Liabilities $3.377M $3.344M
YoY Change 0.97% 171.9%
SHAREHOLDERS EQUITY
Retained Earnings -$21.31M -$17.59M
YoY Change 21.16%
Common Stock $14.56M $14.49M
YoY Change 0.5%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$6.714M -$3.072M
YoY Change
Total Liabilities & Shareholders Equity $1.020M $4.658M
YoY Change -78.1% 347.86%

Cashflow Statement

Concept 2014 Q2 2013 Q2
OPERATING ACTIVITIES
Net Income $5.262M -$576.6K
YoY Change -1012.58% -21.81%
Depreciation, Depletion And Amortization $10.00K $0.00
YoY Change
Cash From Operating Activities -$870.0K -$870.0K
YoY Change 0.0% 35.94%
INVESTING ACTIVITIES
Capital Expenditures $40.00K $30.00K
YoY Change 33.33%
Acquisitions
YoY Change
Other Investing Activities $0.00 -$40.00K
YoY Change -100.0%
Cash From Investing Activities -$40.00K -$80.00K
YoY Change -50.0% -900.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -120.0K -70.00K
YoY Change 71.43%
NET CHANGE
Cash From Operating Activities -870.0K -870.0K
Cash From Investing Activities -40.00K -80.00K
Cash From Financing Activities -120.0K -70.00K
Net Change In Cash -1.030M -1.020M
YoY Change 0.98% 61.9%
FREE CASH FLOW
Cash From Operating Activities -$870.0K -$870.0K
Capital Expenditures $40.00K $30.00K
Free Cash Flow -$910.0K -$900.0K
YoY Change 1.11% 40.62%

Facts In Submission

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us-gaap Paid In Kind Interest
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us-gaap Preferred Stock Dividends Income Statement Impact
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us-gaap Repayments Of Convertible Debt
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us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
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CY2013Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2013Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2013Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
shares

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