2015 Form 10-K Financial Statement
#000117891316004924 Filed on March 30, 2016
Income Statement
| Concept | 2015 | 2014 | 2013 |
|---|---|---|---|
| Revenue | $140.0K | $59.78K | |
| YoY Change | 134.21% | ||
| Cost Of Revenue | |||
| YoY Change | |||
| Gross Profit | |||
| YoY Change | |||
| Gross Profit Margin | |||
| Selling, General & Admin | $2.530M | $1.818M | $1.041M |
| YoY Change | 39.2% | 74.57% | 22.07% |
| % of Gross Profit | |||
| Research & Development | $2.270M | $1.850M | $1.987M |
| YoY Change | 22.73% | -6.9% | 3.44% |
| % of Gross Profit | |||
| Depreciation & Amortization | $40.00K | $34.68K | $33.68K |
| YoY Change | 15.33% | 2.97% | 31.86% |
| % of Gross Profit | |||
| Operating Expenses | $4.800M | $3.667M | $3.028M |
| YoY Change | 30.89% | 21.11% | 9.17% |
| Operating Profit | -$3.607M | -$3.028M | |
| YoY Change | 19.14% | 9.17% | |
| Interest Expense | -$1.190M | $30.00K | -$110.0K |
| YoY Change | -4066.67% | -127.27% | 450.0% |
| % of Operating Profit | |||
| Other Income/Expense, Net | $6.560M | -$6.660M | |
| YoY Change | -198.5% | -22300.0% | |
| Pretax Income | -$5.840M | $2.980M | -$9.797M |
| YoY Change | -295.95% | -130.42% | 253.38% |
| Income Tax | |||
| % Of Pretax Income | |||
| Net Earnings | -$6.290M | $2.980M | -$9.797M |
| YoY Change | -311.04% | -130.42% | 253.38% |
| Net Earnings / Revenue | -4492.86% | 4986.07% | |
| Basic Earnings Per Share | $0.37 | -$1.95 | |
| Diluted Earnings Per Share | -$14.97 | $0.37 | -$1.95 |
| COMMON SHARES | |||
| Basic Shares Outstanding | 5.305M shares | 5.326M shares | |
| Diluted Shares Outstanding | 5.477M shares | 5.349M shares | 5.326M shares |
Balance Sheet
| Concept | 2015 | 2014 | 2013 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $610.0K | $5.830M | $2.390M |
| YoY Change | -89.54% | 143.93% | 342.59% |
| Cash & Equivalents | $610.0K | $5.830M | $2.390M |
| Short-Term Investments | |||
| Other Short-Term Assets | $270.0K | $120.0K | $90.00K |
| YoY Change | 125.0% | 33.33% | 12.5% |
| Inventory | $820.0K | $80.00K | |
| Prepaid Expenses | |||
| Receivables | $20.00K | $20.00K | |
| Other Receivables | $0.00 | $0.00 | |
| Total Short-Term Assets | $1.710M | $6.050M | $2.480M |
| YoY Change | -71.74% | 143.95% | 300.0% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $220.0K | $120.0K | $110.0K |
| YoY Change | 83.33% | 9.09% | 57.14% |
| Goodwill | |||
| YoY Change | |||
| Intangibles | |||
| YoY Change | |||
| Long-Term Investments | |||
| YoY Change | |||
| Other Assets | $200.0K | $180.0K | $170.0K |
| YoY Change | 11.11% | 5.88% | 41.67% |
| Total Long-Term Assets | $420.0K | $300.0K | $280.0K |
| YoY Change | 40.0% | 7.14% | 47.37% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $1.710M | $6.050M | $2.480M |
| Total Long-Term Assets | $420.0K | $300.0K | $280.0K |
| Total Assets | $2.130M | $6.350M | $2.760M |
| YoY Change | -66.46% | 130.07% | 240.74% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $1.080M | $100.0K | $50.00K |
| YoY Change | 980.0% | 100.0% | -58.33% |
| Accrued Expenses | $440.0K | ||
| YoY Change | |||
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | -100.0% | ||
| Long-Term Debt Due | $0.00 | $450.0K | |
| YoY Change | -100.0% | ||
| Total Short-Term Liabilities | $1.510M | $1.000M | $310.0K |
| YoY Change | 51.0% | 222.58% | -32.61% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Other Long-Term Liabilities | $660.0K | $2.430M | $9.150M |
| YoY Change | -72.84% | -73.44% | 963.95% |
| Total Long-Term Liabilities | $660.0K | $2.430M | $9.150M |
| YoY Change | -72.84% | -73.44% | 963.95% |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $1.510M | $1.000M | $310.0K |
| Total Long-Term Liabilities | $660.0K | $2.430M | $9.150M |
| Total Liabilities | $2.170M | $3.430M | $9.460M |
| YoY Change | -36.73% | -63.74% | 616.67% |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | |||
| YoY Change | |||
| Common Stock | |||
| YoY Change | |||
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | |||
| YoY Change | |||
| Treasury Stock Shares | |||
| Shareholders Equity | -$30.00K | $2.920M | -$6.700M |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $2.130M | $6.350M | $2.760M |
| YoY Change | -66.46% | 130.07% | 240.74% |
Cashflow Statement
| Concept | 2015 | 2014 | 2013 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | -$6.290M | $2.980M | -$9.797M |
| YoY Change | -311.04% | -130.42% | 253.38% |
| Depreciation, Depletion And Amortization | $40.00K | $34.68K | $33.68K |
| YoY Change | 15.33% | 2.97% | 31.86% |
| Cash From Operating Activities | -$4.570M | -$3.360M | -$3.220M |
| YoY Change | 36.01% | 4.35% | 40.18% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | $140.0K | $63.46K | $64.25K |
| YoY Change | 120.63% | -1.24% | 466.25% |
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | -$60.00K | -$30.00K | -$40.00K |
| YoY Change | 100.0% | -25.0% | 300.0% |
| Cash From Investing Activities | -$200.0K | -$90.00K | -$100.0K |
| YoY Change | 122.22% | -10.0% | 463.89% |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | |||
| YoY Change | |||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | -460.0K | 6.970M | 5.060M |
| YoY Change | -106.6% | 37.75% | 430.66% |
| NET CHANGE | |||
| Cash From Operating Activities | -4.570M | -3.360M | -3.220M |
| Cash From Investing Activities | -200.0K | -90.00K | -100.0K |
| Cash From Financing Activities | -460.0K | 6.970M | 5.060M |
| Net Change In Cash | -5.230M | 3.520M | 1.740M |
| YoY Change | -248.58% | 102.3% | -227.83% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | -$4.570M | -$3.360M | -$3.220M |
| Capital Expenditures | $140.0K | $63.46K | $64.25K |
| Free Cash Flow | -$4.710M | -$3.423M | -$3.284M |
| YoY Change | 37.58% | 4.24% | 42.28% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2014Q4 | us-gaap |
Prepaid Taxes
PrepaidTaxes
|
67748 | USD |
| CY2015Q4 | us-gaap |
Prepaid Taxes
PrepaidTaxes
|
211586 | USD |
| CY2014 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
5349242 | shares |
| CY2013 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
5325714 | shares |
| CY2015 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
5476870 | shares |
| CY2014 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
4557612 | shares |
| CY2013 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
2813493 | shares |
| CY2015 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
9431728 | shares |
