2013 Q1 Form 10-K Financial Statement

#000104746913002849 Filed on March 15, 2013

View on sec.gov

Income Statement

Concept 2013 Q1 2011 Q4 2011 Q3
Revenue $765.0K $251.0K $220.0K
YoY Change -39.0% -77.18% -60.0%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $4.750M $5.540M $3.810M
YoY Change -6.31% 18.38% -24.1%
% of Gross Profit
Research & Development $7.999M $19.67M $16.35M
YoY Change -47.05% -6.47% 19.05%
% of Gross Profit
Depreciation & Amortization $140.0K $340.0K $410.0K
YoY Change -44.0% -15.0% 0.0%
% of Gross Profit
Operating Expenses $12.75M $30.66M $20.16M
YoY Change -36.79% 19.25% 7.5%
Operating Profit -$11.99M -$19.94M
YoY Change -36.65%
Interest Expense $90.00K $220.0K $410.0K
YoY Change -50.0% -12.0% -392.86%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$11.90M -$31.85M -$19.52M
YoY Change -36.5% -46.34% 6.43%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$11.90M -$31.85M -$19.52M
YoY Change -36.51% -46.34% 6.44%
Net Earnings / Revenue -1555.16% -12690.84% -8873.64%
Basic Earnings Per Share
Diluted Earnings Per Share -$92.98K -$254.3K -$156.0K
COMMON SHARES
Basic Shares Outstanding 130.6M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2013 Q1 2011 Q4 2011 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $79.00M $121.3M $142.1M
YoY Change -33.84% -34.99% 13.23%
Cash & Equivalents $15.51M $16.11M $33.98M
Short-Term Investments $63.50M $105.2M $108.1M
Other Short-Term Assets $1.600M $2.900M $3.600M
YoY Change -27.27% -56.72% -66.97%
Inventory
Prepaid Expenses $822.0K $2.121M
Receivables
Other Receivables
Total Short-Term Assets $81.58M $125.6M $147.3M
YoY Change -33.41% -35.58% 7.13%
LONG-TERM ASSETS
Property, Plant & Equipment $866.0K $1.241M $2.200M
YoY Change -21.27% -59.97% -31.25%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $32.10M $37.90M
YoY Change -6.69% 88.56%
Other Assets $400.0K $1.000M $900.0K
YoY Change -55.56% -9.09% -43.75%
Total Long-Term Assets $1.276M $34.42M $41.10M
YoY Change -93.18% -10.82% 65.73%
TOTAL ASSETS
Total Short-Term Assets $81.58M $125.6M $147.3M
Total Long-Term Assets $1.276M $34.42M $41.10M
Total Assets $82.85M $160.0M $188.4M
YoY Change -41.32% -31.49% 16.08%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.669M $2.980M $4.000M
YoY Change -38.19% -14.86% 100.0%
Accrued Expenses $2.591M $3.641M $5.900M
YoY Change -65.91% -58.63% 37.21%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $6.793M $13.44M $10.00M
YoY Change -34.05% -67.05% 31.58%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $3.200M
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00 $3.200M
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $6.793M $13.44M $10.00M
Total Long-Term Liabilities $0.00 $0.00 $3.200M
Total Liabilities $6.800M $13.40M $13.20M
YoY Change -33.98% -67.16% 73.68%
SHAREHOLDERS EQUITY
Retained Earnings -$866.3M -$785.5M
YoY Change
Common Stock $942.3M $932.2M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $76.06M $146.6M $175.2M
YoY Change
Total Liabilities & Shareholders Equity $82.85M $160.0M $188.4M
YoY Change -41.32% -31.49% 16.08%

Cashflow Statement

Concept 2013 Q1 2011 Q4 2011 Q3
OPERATING ACTIVITIES
Net Income -$11.90M -$31.85M -$19.52M
YoY Change -36.51% -46.34% 6.44%
Depreciation, Depletion And Amortization $140.0K $340.0K $410.0K
YoY Change -44.0% -15.0% 0.0%
Cash From Operating Activities -$16.23M -$21.36M -$14.28M
YoY Change -2.17% 32.26% 59.2%
INVESTING ACTIVITIES
Capital Expenditures $34.00K -$210.0K -$140.0K
YoY Change -59.52% -30.0% 16.67%
Acquisitions
YoY Change
Other Investing Activities $9.690M $7.900M $12.08M
YoY Change -50.56% -111.98% 94.21%
Cash From Investing Activities $9.660M $7.690M $11.94M
YoY Change -50.49% -111.61% 95.74%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $11.00K
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 10.00K -4.190M 4.290M
YoY Change -104.46% 10625.0%
NET CHANGE
Cash From Operating Activities -16.23M -21.36M -14.28M
Cash From Investing Activities 9.660M 7.690M 11.94M
Cash From Financing Activities 10.00K -4.190M 4.290M
Net Change In Cash -6.560M -17.86M 1.950M
YoY Change -324.66% -255.44% -168.9%
FREE CASH FLOW
Cash From Operating Activities -$16.23M -$21.36M -$14.28M
Capital Expenditures $34.00K -$210.0K -$140.0K
Free Cash Flow -$16.26M -$21.15M -$14.14M
YoY Change -2.46% 33.44% 59.77%

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P4Y

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