2015 Q2 Form 10-Q Financial Statement

#000117891315002648 Filed on August 14, 2015

View on sec.gov

Income Statement

Concept 2015 Q2 2014 Q2
Revenue $67.34K
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $605.6K $427.5K
YoY Change 41.64% 15.4%
% of Gross Profit
Research & Development $558.0K $454.8K
YoY Change 22.69% -1.41%
% of Gross Profit
Depreciation & Amortization $10.00K $10.00K
YoY Change 0.0%
% of Gross Profit
Operating Expenses $1.164M $882.3K
YoY Change 31.87% 6.08%
Operating Profit -$1.096M -$882.3K
YoY Change 24.24% 6.08%
Interest Expense -$570.0K $6.140M
YoY Change -109.28% 2261.54%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$1.670M $5.260M
YoY Change -131.75% -1006.9%
Income Tax $0.00
% Of Pretax Income 0.0%
Net Earnings -$1.667M $5.262M
YoY Change -131.68% -1012.58%
Net Earnings / Revenue -2475.14%
Basic Earnings Per Share -$0.33 $0.79
Diluted Earnings Per Share -$0.33 $0.78
COMMON SHARES
Basic Shares Outstanding 5.441M shares 5.304M shares
Diluted Shares Outstanding 5.441M shares 5.336M shares

Balance Sheet

Concept 2015 Q2 2014 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.520M $590.0K
YoY Change 496.61% -86.34%
Cash & Equivalents $3.520M $589.7K
Short-Term Investments
Other Short-Term Assets $140.0K $118.7K
YoY Change 17.98% 51.3%
Inventory $140.0K
Prepaid Expenses
Receivables $30.00K
Other Receivables $0.00
Total Short-Term Assets $3.820M $708.4K
YoY Change 439.25% -83.9%
LONG-TERM ASSETS
Property, Plant & Equipment $130.0K $139.8K
YoY Change -6.98% 52.05%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $210.0K $170.0K
YoY Change 23.53% 0.0%
Total Long-Term Assets $330.0K $311.4K
YoY Change 5.97% 20.69%
TOTAL ASSETS
Total Short-Term Assets $3.820M $708.4K
Total Long-Term Assets $330.0K $311.4K
Total Assets $4.150M $1.020M
YoY Change 306.94% -78.1%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $260.0K $169.1K
YoY Change 53.71% -3.3%
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 $790.0K $517.1K
YoY Change 52.77% -5.76%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $780.0K $2.860M
YoY Change -72.73% 2.14%
Total Long-Term Liabilities $780.0K $2.860M
YoY Change -72.72% 2.29%
TOTAL LIABILITIES
Total Short-Term Liabilities $790.0K $517.1K
Total Long-Term Liabilities $780.0K $2.860M
Total Liabilities $1.570M $3.377M
YoY Change -53.51% 0.97%
SHAREHOLDERS EQUITY
Retained Earnings -$26.52M -$21.31M
YoY Change 24.43% 21.16%
Common Stock $21.85M $14.56M
YoY Change 50.05% 0.5%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$4.541M -$6.714M
YoY Change
Total Liabilities & Shareholders Equity $4.151M $1.020M
YoY Change 307.01% -78.1%

Cashflow Statement

Concept 2015 Q2 2014 Q2
OPERATING ACTIVITIES
Net Income -$1.667M $5.262M
YoY Change -131.68% -1012.58%
Depreciation, Depletion And Amortization $10.00K $10.00K
YoY Change 0.0%
Cash From Operating Activities -$1.240M -$870.0K
YoY Change 42.53% 0.0%
INVESTING ACTIVITIES
Capital Expenditures $10.00K $40.00K
YoY Change -75.0% 33.33%
Acquisitions
YoY Change
Other Investing Activities -$20.00K $0.00
YoY Change -100.0%
Cash From Investing Activities -$30.00K -$40.00K
YoY Change -25.0% -50.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -30.00K -120.0K
YoY Change -75.0% 71.43%
NET CHANGE
Cash From Operating Activities -1.240M -870.0K
Cash From Investing Activities -30.00K -40.00K
Cash From Financing Activities -30.00K -120.0K
Net Change In Cash -1.300M -1.030M
YoY Change 26.21% 0.98%
FREE CASH FLOW
Cash From Operating Activities -$1.240M -$870.0K
Capital Expenditures $10.00K $40.00K
Free Cash Flow -$1.250M -$910.0K
YoY Change 37.36% 1.11%

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dei Document Type
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