2014 Q4 Form 10-Q Financial Statement

#000117891314003557 Filed on November 14, 2014

View on sec.gov

Income Statement

Concept 2014 Q4 2014 Q3 2013 Q3
Revenue $30.00K $27.31K
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $520.0K $436.3K $232.2K
YoY Change 108.0% 87.91% 5.54%
% of Gross Profit
Research & Development $520.0K $421.7K $495.2K
YoY Change -1.89% -14.84% 5.4%
% of Gross Profit
Depreciation & Amortization $0.00 $10.00K $10.00K
YoY Change -100.0% 0.0% 0.0%
% of Gross Profit
Operating Expenses $1.040M $858.0K $727.4K
YoY Change 33.33% 17.96% 54.82%
Operating Profit -$830.7K -$727.4K
YoY Change 14.2% 6.03%
Interest Expense $30.00K $60.00K $30.00K
YoY Change -100.47% 100.0% -400.0%
% of Operating Profit
Other Income/Expense, Net $210.0K
YoY Change
Pretax Income -$780.0K -$770.0K -$700.0K
YoY Change -89.14% 10.0% 0.0%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings $5.110M -$769.6K -$699.9K
YoY Change -167.68% 9.96% -0.1%
Net Earnings / Revenue 17033.33% -2818.01%
Basic Earnings Per Share -$0.16 -$0.16
Diluted Earnings Per Share $12.46 -$0.16 -$0.16
COMMON SHARES
Basic Shares Outstanding 5.307M shares 5.304M shares 5.300M shares
Diluted Shares Outstanding 5.304M shares 5.300M shares

Balance Sheet

Concept 2014 Q4 2014 Q3 2013 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $5.830M $4.390M $3.520M
YoY Change 143.93% 24.72% 1855.56%
Cash & Equivalents $5.828M $4.388M $3.517M
Short-Term Investments
Other Short-Term Assets $113.8K $103.1K $70.43K
YoY Change 22.34% 46.34% -46.63%
Inventory $83.65K $134.4K
Prepaid Expenses $46.09K
Receivables $23.25K $13.81K
Other Receivables $0.00 $0.00
Total Short-Term Assets $6.048M $4.639M $3.587M
YoY Change 143.99% 29.33% 1041.09%
LONG-TERM ASSETS
Property, Plant & Equipment $122.5K $125.4K $103.2K
YoY Change 14.25% 21.54% 48.87%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $180.0K $190.0K $170.0K
YoY Change 5.88% 11.76% 54.55%
Total Long-Term Assets $300.0K $312.2K $270.3K
YoY Change 8.19% 15.5% 47.44%
TOTAL ASSETS
Total Short-Term Assets $6.048M $4.639M $3.587M
Total Long-Term Assets $300.0K $312.2K $270.3K
Total Assets $6.348M $4.951M $3.857M
YoY Change 130.33% 28.36% 675.06%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $104.7K $194.3K $197.8K
YoY Change 110.32% -1.78% 60.38%
Accrued Expenses $235.9K
YoY Change 434.95%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due $450.0K
YoY Change
Total Short-Term Liabilities $1.000M $576.6K $547.5K
YoY Change 221.64% 5.31% 30.6%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $2.430M $2.710M $2.740M
YoY Change -73.44% -1.09% 234.15%
Total Long-Term Liabilities $2.432M $2.705M $2.744M
YoY Change -73.41% -1.39% 234.57%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.000M $576.6K $547.5K
Total Long-Term Liabilities $2.432M $2.705M $2.744M
Total Liabilities $3.432M $3.282M $3.291M
YoY Change -63.71% -0.28% 164.96%
SHAREHOLDERS EQUITY
Retained Earnings -$23.09M -$22.18M -$18.38M
YoY Change -10.0% 20.67% 25.98%
Common Stock $18.19M $17.20M $14.52M
YoY Change 25.11% 18.48% 5.14%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$4.832M -$4.914M -$3.796M
YoY Change
Total Liabilities & Shareholders Equity $6.348M $4.951M $3.857M
YoY Change 130.33% 28.36% 675.06%

Cashflow Statement

Concept 2014 Q4 2014 Q3 2013 Q3
OPERATING ACTIVITIES
Net Income $5.110M -$769.6K -$699.9K
YoY Change -167.68% 9.96% -0.1%
Depreciation, Depletion And Amortization $0.00 $10.00K $10.00K
YoY Change -100.0% 0.0% 0.0%
Cash From Operating Activities -$940.0K -$860.0K -$760.0K
YoY Change 0.0% 13.16% 22.58%
INVESTING ACTIVITIES
Capital Expenditures $10.00K $0.00 $20.00K
YoY Change 0.0% -100.0% 100.0%
Acquisitions
YoY Change
Other Investing Activities $0.00 -$30.00K $0.00
YoY Change
Cash From Investing Activities -$10.00K -$30.00K -$10.00K
YoY Change 0.0% 200.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 2.430M 4.730M -90.00K
YoY Change -1450.0% -5355.56% -280.0%
NET CHANGE
Cash From Operating Activities -940.0K -860.0K -760.0K
Cash From Investing Activities -10.00K -30.00K -10.00K
Cash From Financing Activities 2.430M 4.730M -90.00K
Net Change In Cash 1.480M 3.840M -860.0K
YoY Change -230.97% -546.51% 50.88%
FREE CASH FLOW
Cash From Operating Activities -$940.0K -$860.0K -$760.0K
Capital Expenditures $10.00K $0.00 $20.00K
Free Cash Flow -$950.0K -$860.0K -$780.0K
YoY Change 0.0% 10.26% 23.81%

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