2014 Q4 Form 10-Q Financial Statement
#000143774914020379 Filed on November 12, 2014
Income Statement
Concept | 2014 Q4 | 2014 Q3 | 2013 Q3 |
---|---|---|---|
Revenue | $223.1K | $322.1K | $1.004M |
YoY Change | 27.67% | -67.93% | 56.91% |
Cost Of Revenue | |||
YoY Change | |||
Gross Profit | |||
YoY Change | |||
Gross Profit Margin | |||
Selling, General & Admin | $680.0K | $410.0K | $320.0K |
YoY Change | 51.11% | 28.13% | -3.03% |
% of Gross Profit | |||
Research & Development | $470.0K | $425.5K | $879.1K |
YoY Change | -21.67% | -51.6% | 46.52% |
% of Gross Profit | |||
Depreciation & Amortization | $20.00K | $20.00K | $10.00K |
YoY Change | -33.33% | 100.0% | -50.0% |
% of Gross Profit | |||
Operating Expenses | $1.150M | $837.3K | $1.196M |
YoY Change | 9.52% | -29.96% | 27.19% |
Operating Profit | -$515.2K | -$191.3K | |
YoY Change | 169.27% | ||
Interest Expense | $0.00 | $0.00 | $0.00 |
YoY Change | |||
% of Operating Profit | |||
Other Income/Expense, Net | $711.00 | $1.197K | |
YoY Change | -40.6% | ||
Pretax Income | -$920.0K | -$510.0K | -$190.0K |
YoY Change | 5.75% | 168.42% | -36.67% |
Income Tax | $0.00 | ||
% Of Pretax Income | |||
Net Earnings | -$923.6K | -$514.5K | -$190.1K |
YoY Change | 5.95% | 170.59% | -36.62% |
Net Earnings / Revenue | -414.0% | -159.74% | -18.94% |
Basic Earnings Per Share | -$0.03 | -$0.02 | -$0.01 |
Diluted Earnings Per Share | -$591.1B | -$406.3B | -$175.5B |
COMMON SHARES | |||
Basic Shares Outstanding | 31.95M | ||
Diluted Shares Outstanding |
Balance Sheet
Concept | 2014 Q4 | 2014 Q3 | 2013 Q3 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $1.100M | $860.0K | $1.720M |
YoY Change | -56.18% | -50.0% | 8.86% |
Cash & Equivalents | $1.102M | $862.2K | $1.721M |
Short-Term Investments | |||
Other Short-Term Assets | $40.00K | $60.00K | $50.00K |
YoY Change | 0.0% | 20.0% | 0.0% |
Inventory | |||
Prepaid Expenses | |||
Receivables | $80.00K | $0.00 | $30.00K |
Other Receivables | $0.00 | $0.00 | $0.00 |
Total Short-Term Assets | $1.225M | $926.4K | $1.790M |
YoY Change | -54.58% | -48.25% | -4.79% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $96.69K | $113.2K | $140.0K |
YoY Change | -19.57% | -19.12% | 16.67% |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $11.01K | $13.51K | $10.00K |
YoY Change | 0.0% | 35.1% | 0.0% |
Total Long-Term Assets | $107.7K | $126.7K | $170.0K |
YoY Change | -23.74% | -25.45% | 6.25% |
TOTAL ASSETS | |||
Total Short-Term Assets | $1.225M | $926.4K | $1.790M |
Total Long-Term Assets | $107.7K | $126.7K | $170.0K |
Total Assets | $1.333M | $1.053M | $1.960M |
YoY Change | -53.05% | -46.27% | -3.92% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $55.62K | $82.20K | $90.00K |
YoY Change | -64.34% | -8.67% | 28.57% |
Accrued Expenses | $52.49K | $8.279K | $120.0K |
YoY Change | -45.55% | -93.1% | 20.0% |
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 | $187.0K | $170.2K | $230.0K |
YoY Change | -40.12% | -25.99% | -32.35% |
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 | $187.0K | $170.2K | $230.0K |
Total Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
Total Liabilities | $190.0K | $170.0K | $230.0K |
YoY Change | -38.71% | -26.09% | -32.35% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$29.79M | ||
YoY Change | |||
Common Stock | $30.86M | $28.89M | |
YoY Change | 9.17% | ||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $1.146M | $882.9K | $1.740M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $1.333M | $1.053M | $1.960M |
YoY Change | -53.05% | -46.27% | -3.92% |
Cashflow Statement
Concept | 2014 Q4 | 2014 Q3 | 2013 Q3 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$923.6K | -$514.5K | -$190.1K |
YoY Change | 5.95% | 170.59% | -36.62% |
Depreciation, Depletion And Amortization | $20.00K | $20.00K | $10.00K |
YoY Change | -33.33% | 100.0% | -50.0% |
Cash From Operating Activities | -$630.0K | -$490.0K | -$70.00K |
YoY Change | -23.17% | 600.0% | -69.57% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $0.00 | -$30.00K | -$90.00K |
YoY Change | -66.67% | ||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $0.00 | ||
YoY Change | |||
Cash From Investing Activities | $0.00 | -$30.00K | -$90.00K |
YoY Change | -66.67% | ||
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 870.0K | 0.000 | 0.000 |
YoY Change | -46.3% | ||
NET CHANGE | |||
Cash From Operating Activities | -630.0K | -490.0K | -70.00K |
Cash From Investing Activities | 0.000 | -30.00K | -90.00K |
Cash From Financing Activities | 870.0K | 0.000 | 0.000 |
Net Change In Cash | 240.0K | -520.0K | -160.0K |
YoY Change | -70.0% | 225.0% | -30.43% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$630.0K | -$490.0K | -$70.00K |
Capital Expenditures | $0.00 | -$30.00K | -$90.00K |
Free Cash Flow | -$630.0K | -$460.0K | $20.00K |
YoY Change | -23.17% | -2400.0% | -108.7% |
Facts In Submission
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CY2014Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
4.22 | |
us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
|
0.29 | ||
CY2014Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
882895 | |
CY2013Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
2527227 | |
CY2014Q3 | us-gaap |
Unrecorded Unconditional Purchase Obligation Balance Sheet Amount
UnrecordedUnconditionalPurchaseObligationBalanceSheetAmount
|
211000 | |
CY2014Q3 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
25325141 | |
CY2013Q3 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
21666610 | |
us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
25109811 | ||
us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
20979675 |