2013 Q3 Form 10-Q Financial Statement

#000110465913061698 Filed on August 08, 2013

View on sec.gov

Income Statement

Concept 2013 Q3 2013 Q2 2012 Q2
Revenue $181.0K $112.0K $130.0K
YoY Change -71.54% -13.85% -71.86%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $3.460M $3.430M $5.830M
YoY Change -28.36% -41.17% 9.38%
% of Gross Profit
Research & Development $5.338M $4.807M $12.78M
YoY Change -54.31% -62.38% -22.77%
% of Gross Profit
Depreciation & Amortization $100.0K $120.0K $220.0K
YoY Change -47.37% -45.45% -46.34%
% of Gross Profit
Operating Expenses $8.914M $9.077M $18.61M
YoY Change -46.02% -51.22% -14.94%
Operating Profit -$8.733M -$8.965M -$18.48M
YoY Change -45.0% -51.49% -13.71%
Interest Expense $480.0K $20.00K $150.0K
YoY Change -700.0% -86.67% -54.55%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$8.250M -$8.950M -$18.33M
YoY Change -48.28% -51.17% -13.09%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$8.254M -$8.947M -$18.33M
YoY Change -48.26% -51.18% -13.1%
Net Earnings / Revenue -4560.22% -7988.39% -14096.92%
Basic Earnings Per Share
Diluted Earnings Per Share -$64.31K -$69.83K -$144.5K
COMMON SHARES
Basic Shares Outstanding 128.6M shares 130.4M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2013 Q3 2013 Q2 2012 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $66.20M $70.80M $118.2M
YoY Change -34.13% -40.1% -22.13%
Cash & Equivalents $9.591M $8.834M $14.12M
Short-Term Investments $56.60M $62.00M $104.1M
Other Short-Term Assets $1.600M $1.200M $1.700M
YoY Change -11.11% -29.41% -55.26%
Inventory
Prepaid Expenses $844.0K $356.0K
Receivables
Other Receivables
Total Short-Term Assets $68.40M $72.43M $120.8M
YoY Change -33.62% -40.06% -23.13%
LONG-TERM ASSETS
Property, Plant & Equipment $116.0K $566.0K $1.200M
YoY Change -91.89% -52.83% -52.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $3.300M
YoY Change -91.67%
Other Assets $200.0K $400.0K $800.0K
YoY Change -75.0% -50.0% -20.0%
Total Long-Term Assets $311.0K $980.0K $5.348M
YoY Change -96.09% -81.68% -87.59%
TOTAL ASSETS
Total Short-Term Assets $68.40M $72.43M $120.8M
Total Long-Term Assets $311.0K $980.0K $5.348M
Total Assets $68.71M $73.41M $126.2M
YoY Change -38.1% -41.83% -37.0%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.547M $1.176M $3.400M
YoY Change -48.67% -65.41% -2.86%
Accrued Expenses $1.985M $1.358M $8.500M
YoY Change -52.41% -84.02% 57.41%
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 $6.837M $5.004M $11.99M
YoY Change -39.26% -58.27% 28.95%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $6.837M $5.004M $11.99M
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $6.800M $5.000M $12.00M
YoY Change -39.82% -58.33% 29.03%
SHAREHOLDERS EQUITY
Retained Earnings -$883.5M -$875.2M
YoY Change 5.36%
Common Stock $945.4M $943.6M
YoY Change 0.76%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $61.88M $68.41M $114.2M
YoY Change
Total Liabilities & Shareholders Equity $68.71M $73.41M $126.2M
YoY Change -38.11% -41.83% -37.0%

Cashflow Statement

Concept 2013 Q3 2013 Q2 2012 Q2
OPERATING ACTIVITIES
Net Income -$8.254M -$8.947M -$18.33M
YoY Change -48.26% -51.18% -13.1%
Depreciation, Depletion And Amortization $100.0K $120.0K $220.0K
YoY Change -47.37% -45.45% -46.34%
Cash From Operating Activities -$5.730M -$7.920M -$13.76M
YoY Change -60.15% -42.44% -1.99%
INVESTING ACTIVITIES
Capital Expenditures $0.00 -$30.00K -$390.0K
YoY Change -100.0% -92.31% 178.57%
Acquisitions
YoY Change
Other Investing Activities $6.050M $1.230M $9.160M
YoY Change -63.66% -86.57% -13.91%
Cash From Investing Activities $6.040M $1.210M $8.780M
YoY Change -62.85% -86.22% -16.46%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 430.0K 50.00K 80.00K
YoY Change -37.5% -46.67%
NET CHANGE
Cash From Operating Activities -5.730M -7.920M -13.76M
Cash From Investing Activities 6.040M 1.210M 8.780M
Cash From Financing Activities 430.0K 50.00K 80.00K
Net Change In Cash 740.0K -6.660M -4.900M
YoY Change -60.64% 35.92% 44.97%
FREE CASH FLOW
Cash From Operating Activities -$5.730M -$7.920M -$13.76M
Capital Expenditures $0.00 -$30.00K -$390.0K
Free Cash Flow -$5.730M -$7.890M -$13.37M
YoY Change -59.07% -40.99% -3.81%

Facts In Submission

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264000 USD
us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
-647000 USD
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
116000 USD
us-gaap Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
53000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
2234000 USD
gern Amortization Related To Share Based Matching Contributions
AmortizationRelatedToShareBasedMatchingContributions
465000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-1248000 USD
us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
-8304000 USD
us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
1000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
56000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
116000 USD
us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
40110000 USD
us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
50916000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
60000 USD
CY2012Q4 us-gaap Restricted Investments At Fair Value
RestrictedInvestmentsAtFairValue
794000 USD

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