$HCIL
Hongchang International Co., Ltd

2013 Q4 Form 10-K Financial Statement

#000154812314000090 Filed on March 31, 2014

View on sec.gov

Income Statement

Concept 2013 Q4 2013 2012 Q4
Revenue $700.0K $1.664M $220.0K
YoY Change 218.18% 53.74% -38.89%
Cost Of Revenue $280.0K $727.9K $70.00K
YoY Change 300.0% 226.77% 75.0%
Gross Profit $430.0K $936.2K $150.0K
YoY Change 186.67% 8.91% -53.13%
Gross Profit Margin 61.43% 56.26% 68.18%
Selling, General & Admin $550.0K $1.419M $660.0K
YoY Change -16.67% -18.53% -46.34%
% of Gross Profit 127.91% 151.56% 440.0%
Research & Development $60.00K $236.3K $60.00K
YoY Change 0.0% 2.16% -33.33%
% of Gross Profit 13.95% 25.24% 40.0%
Depreciation & Amortization $0.00 $0.00 $10.00K
YoY Change -100.0% -100.0% 0.0%
% of Gross Profit 0.0% 0.0% 6.67%
Operating Expenses $610.0K $1.673M $730.0K
YoY Change -16.44% -16.73% -45.11%
Operating Profit -$180.0K -$737.0K -$580.0K
YoY Change -68.97% -35.89% -42.57%
Interest Expense -$270.0K $54.30K -$270.0K
YoY Change 0.0% -52.61% 2600.0%
% of Operating Profit
Other Income/Expense, Net -$448.7K $0.00
YoY Change 85.35% -100.0%
Pretax Income -$800.0K -$1.186M -$850.0K
YoY Change -5.88% -14.81% -15.0%
Income Tax $2.730M -$92.65K -$330.0K
% Of Pretax Income
Net Earnings -$3.540M -$3.682M -$520.0K
YoY Change 580.77% 353.76% -7.14%
Net Earnings / Revenue -505.71% -221.28% -236.36%
Basic Earnings Per Share -$0.07
Diluted Earnings Per Share -$329.6K -$0.07 -$48.42K
COMMON SHARES
Basic Shares Outstanding 49.71M shares 49.71M shares 49.71M
Diluted Shares Outstanding 49.71M shares

Balance Sheet

Concept 2013 Q4 2013 2012 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.930M $1.929M $1.660M
YoY Change 16.27% 16.19% 29.69%
Cash & Equivalents $1.929M $1.929M $1.656M
Short-Term Investments
Other Short-Term Assets $50.00K $0.00 $10.00K
YoY Change 400.0% -100.0% 0.0%
Inventory $23.00K $0.00 $378.0K
Prepaid Expenses
Receivables $88.02K $0.00 $51.55K
Other Receivables $280.0K $368.4K $780.0K
Total Short-Term Assets $2.369M $2.369M $2.865M
YoY Change -17.33% -17.47% -23.44%
LONG-TERM ASSETS
Property, Plant & Equipment $9.420K $0.00 $1.781M
YoY Change -99.47% -100.0% -1.88%
Goodwill $1.946M $1.946M
YoY Change 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments $0.00 $0.00 $290.0K
YoY Change -100.0% -100.0% -64.63%
Other Assets $160.0K $426.5K $3.100M
YoY Change -94.84% -86.24% 30.8%
Total Long-Term Assets $2.111M -$2.369M $7.116M
YoY Change -70.33% -133.32% 2.36%
TOTAL ASSETS
Total Short-Term Assets $2.369M $2.369M $2.865M
Total Long-Term Assets $2.111M -$2.369M $7.116M
Total Assets $4.480M $0.00 $9.981M
YoY Change -55.12% -100.0% -6.67%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $47.77K $0.00 $80.64K
YoY Change -40.77% -100.0% -46.65%
Accrued Expenses $146.2K $0.00 $632.6K
YoY Change -76.89% -100.0% -3.45%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $30.00K $0.00
YoY Change
Total Short-Term Liabilities $281.3K $393.9K $933.7K
YoY Change -69.88% -57.65% -3.98%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $1.170M
YoY Change -100.0% -100.0% 13.59%
Other Long-Term Liabilities $0.00
YoY Change
Total Long-Term Liabilities $0.00 $1.167M
YoY Change -100.0% 13.26%
TOTAL LIABILITIES
Total Short-Term Liabilities $281.3K $393.9K $933.7K
Total Long-Term Liabilities $0.00 $1.167M
Total Liabilities $281.3K $0.00 $2.100M
YoY Change -86.61% -100.0% 4.89%
SHAREHOLDERS EQUITY
Retained Earnings -$13.92M -$10.24M
YoY Change 35.96% 8.61%
Common Stock $18.12M $18.12M
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $4.199M $0.00 $7.881M
YoY Change
Total Liabilities & Shareholders Equity $4.480M $0.00 $9.981M
YoY Change -55.12% -100.0% -6.67%

Cashflow Statement

Concept 2013 Q4 2013 2012 Q4
OPERATING ACTIVITIES
Net Income -$3.540M -$3.682M -$520.0K
YoY Change 580.77% 353.76% -7.14%
Depreciation, Depletion And Amortization $0.00 $0.00 $10.00K
YoY Change -100.0% -100.0% 0.0%
Cash From Operating Activities -$180.0K -$981.2K -$370.0K
YoY Change -51.35% -12.6% 12.12%
INVESTING ACTIVITIES
Capital Expenditures $0.00 $4.675K $0.00
YoY Change 112.5%
Acquisitions
YoY Change
Other Investing Activities $550.0K $250.0K $1.170M
YoY Change -52.99% -81.62% -175.97%
Cash From Investing Activities $550.0K $2.395M $1.170M
YoY Change -52.99% 76.34% -175.48%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -20.00K -$1.141M 0.000
YoY Change -935.11% -100.0%
NET CHANGE
Cash From Operating Activities -180.0K -$981.2K -370.0K
Cash From Investing Activities 550.0K $2.395M 1.170M
Cash From Financing Activities -20.00K -$1.141M 0.000
Net Change In Cash 350.0K $273.0K 800.0K
YoY Change -56.25% -26.65% -143.24%
FREE CASH FLOW
Cash From Operating Activities -$180.0K -$981.2K -$370.0K
Capital Expenditures $0.00 $4.675K $0.00
Free Cash Flow -$180.0K -$985.9K -$370.0K
YoY Change -51.35% -12.36% 12.12%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2013 dei Amendment Flag
AmendmentFlag
false
CY2013 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2013 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2013 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2013
CY2013 dei Document Period End Date
DocumentPeriodEndDate
2013-12-31
CY2013 dei Document Type
DocumentType
10-K
CY2013 dei Entity Central Index Key
EntityCentralIndexKey
0001086303
CY2014Q1 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
49713895 shares
CY2013 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2013 dei Entity Filer Category
EntityFilerCategory
Smaller Reporting Company
CY2013Q2 dei Entity Public Float
EntityPublicFloat
1333934 USD
CY2013 dei Entity Registrant Name
EntityRegistrantName
PACIFIC WEBWORKS INC
CY2013 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2013 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No
CY2013Q4 pweb Capital Call Provision Conversion Ratio
CapitalCallProvisionConversionRatio
0.1712 pure
CY2013Q4 pweb Capital Call Provision Conversion Ratio Failed Requirement
CapitalCallProvisionConversionRatioFailedRequirement
2 pure
CY2013Q4 pweb Capital Call Provision Conversion Ratio One
CapitalCallProvisionConversionRatioOne
1 pure
CY2013Q4 pweb Capital Call Provision Membership Voting Interest Approval Percentage
CapitalCallProvisionMembershipVotingInterestApprovalPercentage
0.75 pure
CY2013Q4 pweb Capital Call Provision Percent Of Investment
CapitalCallProvisionPercentOfInvestment
0.4 pure
CY2013Q4 pweb Capital Call Provision Percent Of Investment Two
CapitalCallProvisionPercentOfInvestmentTwo
0.3 pure
CY2013Q4 pweb Monthly Payments Under Operating Lease Agreement Year Five
MonthlyPaymentsUnderOperatingLeaseAgreementYearFive
4825 USD
CY2013Q4 pweb Monthly Payments Under Operating Lease Agreement Year Four
MonthlyPaymentsUnderOperatingLeaseAgreementYearFour
4700 USD
CY2013Q4 pweb Monthly Payments Under Operating Lease Agreement Year One
MonthlyPaymentsUnderOperatingLeaseAgreementYearOne
4300 USD
CY2013Q4 pweb Monthly Payments Under Operating Lease Agreement Year Three
MonthlyPaymentsUnderOperatingLeaseAgreementYearThree
4550 USD
CY2013Q4 pweb Monthly Payments Under Operating Lease Agreement Year Two
MonthlyPaymentsUnderOperatingLeaseAgreementYearTwo
4425 USD
CY2012Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
80638 USD
CY2013Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
47765 USD
CY2012Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
51552 USD
CY2013Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
88024 USD
CY2012Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
85935 USD
CY2013Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
USD
CY2012Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
632582 USD
CY2013Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
146196 USD
CY2012Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
400000 USD
CY2013Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
USD
CY2012Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
143674 USD
CY2013Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
58851 USD
CY2012Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
18069715 USD
CY2013Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
18069715 USD
CY2012Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
0 USD
CY2013Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
0 USD
CY2012 us-gaap Asset Impairment Charges
AssetImpairmentCharges
USD
CY2013 us-gaap Asset Impairment Charges
AssetImpairmentCharges
353000 USD
CY2012Q4 us-gaap Assets
Assets
9981363 USD
CY2013Q4 us-gaap Assets
Assets
4480014 USD
CY2012Q4 us-gaap Assets Current
AssetsCurrent
2865425 USD
CY2013Q4 us-gaap Assets Current
AssetsCurrent
2368746 USD
CY2012Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
82531 USD
CY2013Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
USD
CY2012 us-gaap Available For Sale Equity Securities Gross Unrealized Loss
AvailableForSaleEquitySecuritiesGrossUnrealizedLoss
285749 USD
CY2013 us-gaap Available For Sale Equity Securities Gross Unrealized Loss
AvailableForSaleEquitySecuritiesGrossUnrealizedLoss
82531 USD
CY2012Q4 us-gaap Available For Sale Securities
AvailableForSaleSecurities
82531 USD
CY2013Q4 us-gaap Available For Sale Securities
AvailableForSaleSecurities
USD
CY2012Q4 us-gaap Available For Sale Securities Noncurrent
AvailableForSaleSecuritiesNoncurrent
82531 USD
CY2013Q4 us-gaap Available For Sale Securities Noncurrent
AvailableForSaleSecuritiesNoncurrent
USD
CY2012Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1655801 USD
CY2013Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1928821 USD
CY2011Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1283569 USD
CY2012 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
372232 USD
CY2013 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
273020 USD
CY2012Q4 us-gaap Cash Uninsured Amount
CashUninsuredAmount
885471 USD
CY2013Q4 us-gaap Cash Uninsured Amount
CashUninsuredAmount
786464 USD
CY2012Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2013Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2012Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
50000000 shares
CY2013Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
50000000 shares
CY2012Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
49713895 shares
CY2013Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
49713895 shares
CY2012Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
49713895 shares
CY2013Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
49713895 shares
CY2012Q4 us-gaap Common Stock Value
CommonStockValue
49714 USD
CY2013Q4 us-gaap Common Stock Value
CommonStockValue
49714 USD
CY2013 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div style="WIDTH: 681px"><!--StartFragment--> <p style="FONT-SIZE: 11pt; MARGIN: 0px"><u>Concentrations</u></p> <p style="FONT-SIZE: 11pt; MARGIN: 0px">Financial instruments that potentially subject the Company to concentrations of credit risks consist of cash and cash equivalents, accounts receivable and accounts payable. &nbsp;The Company places its cash and cash equivalents at well-known quality financial institutions. &nbsp;At times, such cash and investments may be in excess of the FDIC insurance limit. &nbsp;The Company had amounts in excess of federally insured limits of $885,471 and $786,464 as of December 31, 2012 and 2013, respectively.</p> <!--EndFragment--></div> </div>
CY2012 us-gaap Cost Of Revenue
CostOfRevenue
222755 USD
CY2013 us-gaap Cost Of Revenue
CostOfRevenue
727887 USD
CY2012 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
-580800 USD
CY2013 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
-410800 USD
CY2012Q4 us-gaap Deferred Costs
DeferredCosts
USD
CY2013Q4 us-gaap Deferred Costs
DeferredCosts
30094 USD
CY2012 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
USD
CY2013 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
3000000 USD
CY2012Q4 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
11195 USD
CY2013Q4 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
61661 USD
CY2012Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
2589200 USD
CY2013Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
USD
CY2012Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
2589200 USD
CY2013Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
USD
CY2012Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
2325800 USD
CY2013Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
2778200 USD
CY2012Q4 us-gaap Deferred Tax Assets Other Tax Carryforwards
DeferredTaxAssetsOtherTaxCarryforwards
300 USD
CY2013Q4 us-gaap Deferred Tax Assets Other Tax Carryforwards
DeferredTaxAssetsOtherTaxCarryforwards
2900 USD
CY2012Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Contingencies
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsContingencies
156000 USD
CY2013Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Contingencies
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsContingencies
USD
CY2012Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Impairment Losses
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsImpairmentLosses
111400 USD
CY2013Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Impairment Losses
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsImpairmentLosses
223600 USD
CY2012Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
USD
CY2013Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
3000000 USD
CY2012Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
4300 USD
CY2013Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
4700 USD
CY2012 us-gaap Depreciation And Amortization
DepreciationAndAmortization
36303 USD
CY2013 us-gaap Depreciation And Amortization
DepreciationAndAmortization
18034 USD
CY2012 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.02
CY2013 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.07
CY2012 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.02
CY2013 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.07
CY2012Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
44683 USD
CY2013Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
49150 USD
CY2011Q4 us-gaap Equity Method Investment Ownership Percentage
EquityMethodInvestmentOwnershipPercentage
0.25 pure
CY2013 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Earnings1
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1
-82531 USD
CY2013 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Other Comprehensive Income Loss
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss
USD
CY2013 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Purchases Sales Issuances Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchasesSalesIssuancesSettlements
USD
CY2013 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Into Level3
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3
USD
CY2012Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
82531 USD
CY2013Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
USD
CY2013Q4 us-gaap Liabilities
Liabilities
281265 USD
CY2012 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
USD
CY2013 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
143290 USD
CY2012 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
1637307 USD
CY2013 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
1249604 USD
CY2012Q4 us-gaap Goodwill
Goodwill
1946253 USD
CY2013Q4 us-gaap Goodwill
Goodwill
1946253 USD
CY2012 us-gaap Gross Profit
GrossProfit
859626 USD
CY2013 us-gaap Gross Profit
GrossProfit
936213 USD
CY2012 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-1391754 USD
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-1185698 USD
CY2012 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-84597 USD
CY2013 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-210717 USD
CY2012 us-gaap Income Taxes Paid
IncomeTaxesPaid
536 USD
CY2013 us-gaap Income Taxes Paid
IncomeTaxesPaid
USD
CY2012 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
536 USD
CY2013 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-92654 USD
CY2012 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
USD
CY2013 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
358966 USD
CY2012 us-gaap Income Tax Reconciliation Disposition Of Assets
IncomeTaxReconciliationDispositionOfAssets
USD
CY2013 us-gaap Income Tax Reconciliation Disposition Of Assets
IncomeTaxReconciliationDispositionOfAssets
2600 USD
CY2012 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-542800 USD
CY2013 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-462400 USD
CY2012 us-gaap Income Tax Reconciliation Nondeductible Expense Depreciation
IncomeTaxReconciliationNondeductibleExpenseDepreciation
4500 USD
CY2013 us-gaap Income Tax Reconciliation Nondeductible Expense Depreciation
IncomeTaxReconciliationNondeductibleExpenseDepreciation
1500 USD
CY2012 us-gaap Income Tax Reconciliation Nondeductible Expense Impairment Losses
IncomeTaxReconciliationNondeductibleExpenseImpairmentLosses
111400 USD
CY2013 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-728587 USD
CY2012 us-gaap Income Tax Reconciliation Prior Year Income Taxes
IncomeTaxReconciliationPriorYearIncomeTaxes
-244 USD
CY2013 us-gaap Income Tax Reconciliation Prior Year Income Taxes
IncomeTaxReconciliationPriorYearIncomeTaxes
USD
CY2013 us-gaap Legal Fees
LegalFees
49738 USD
CY2012Q4 us-gaap Liabilities
Liabilities
2100370 USD
CY2012 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
780 USD
CY2013 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
780 USD
CY2012 us-gaap Income Tax Reconciliation Tax Contingencies
IncomeTaxReconciliationTaxContingencies
USD
CY2013 us-gaap Income Tax Reconciliation Tax Contingencies
IncomeTaxReconciliationTaxContingencies
-156000 USD
CY2012 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-18600 USD
CY2013 us-gaap Income Tax Reconciliation Nondeductible Expense Impairment Losses
IncomeTaxReconciliationNondeductibleExpenseImpairmentLosses
112100 USD
CY2012 us-gaap Income Tax Reconciliation Nondeductible Expense Meals And Entertainment
IncomeTaxReconciliationNondeductibleExpenseMealsAndEntertainment
2600 USD
CY2013 us-gaap Income Tax Reconciliation Nondeductible Expense Meals And Entertainment
IncomeTaxReconciliationNondeductibleExpenseMealsAndEntertainment
2200 USD
CY2012 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
USD
CY2013 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
USD
CY2012 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
424300 USD
CY2013 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
47600 USD
CY2012 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-38419 USD
CY2013 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
36472 USD
CY2012 us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
9430 USD
CY2013 us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
6424 USD
CY2012 us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
580800 USD
CY2013 us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
410800 USD
CY2012 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-20109 USD
CY2013 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
50466 USD
CY2012 us-gaap Increase Decrease In Deposit Other Assets
IncreaseDecreaseInDepositOtherAssets
USD
CY2013 us-gaap Increase Decrease In Deposit Other Assets
IncreaseDecreaseInDepositOtherAssets
4825 USD
CY2012 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-20648 USD
CY2013 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-1973 USD
CY2012 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
USD
CY2013 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
72472 USD
CY2012 us-gaap Increase Decrease In Restricted Cash For Operating Activities
IncreaseDecreaseInRestrictedCashForOperatingActivities
147982 USD
CY2013 us-gaap Increase Decrease In Restricted Cash For Operating Activities
IncreaseDecreaseInRestrictedCashForOperatingActivities
-387178 USD
CY2012 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
114590 USD
CY2013 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
54300 USD
CY2012 us-gaap Interest Paid
InterestPaid
1115 USD
CY2013 us-gaap Interest Paid
InterestPaid
908 USD
CY2012Q4 us-gaap Interest Payable Current
InterestPayableCurrent
209328 USD
CY2013Q4 us-gaap Interest Payable Current
InterestPayableCurrent
USD
CY2012Q4 us-gaap Interest Receivable Current
InterestReceivableCurrent
23958 USD
CY2013Q4 us-gaap Interest Receivable Current
InterestReceivableCurrent
30382 USD
CY2012Q4 us-gaap Inventory Net
InventoryNet
377972 USD
CY2013Q4 us-gaap Inventory Net
InventoryNet
22999 USD
CY2011Q4 us-gaap Litigation Reserve
LitigationReserve
400000 USD
CY2012 us-gaap Litigation Settlement Expense
LitigationSettlementExpense
15000 USD
CY2013 us-gaap Litigation Settlement Expense
LitigationSettlementExpense
400000 USD
CY2012Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
9981363 USD
CY2013Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
4480014 USD
CY2012Q4 us-gaap Liabilities Current
LiabilitiesCurrent
933743 USD
CY2013Q4 us-gaap Liabilities Current
LiabilitiesCurrent
281265 USD
CY2012Q4 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
1166627 USD
CY2013Q4 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
USD
CY2012Q4 us-gaap Litigation Reserve
LitigationReserve
400000 USD
CY2012Q4 us-gaap Long Term Investments
LongTermInvestments
208717 USD
CY2013Q4 us-gaap Long Term Investments
LongTermInvestments
USD
CY2012Q4 us-gaap Long Term Notes Payable
LongTermNotesPayable
1166627 USD
CY2013Q4 us-gaap Long Term Notes Payable
LongTermNotesPayable
USD
CY2013Q4 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
95000 USD
CY2013 us-gaap Loss Contingency Damages Sought Value
LossContingencyDamagesSoughtValue
300000 USD
CY2012Q4 us-gaap Loss Contingency Pending Claims Number
LossContingencyPendingClaimsNumber
5 pure
CY2011Q4 us-gaap Loss Contingency Pending Claims Number
LossContingencyPendingClaimsNumber
5 pure
CY2012 us-gaap Marketable Securities Realized Gain Loss
MarketableSecuritiesRealizedGainLoss
-285749 USD
CY2013 us-gaap Marketable Securities Realized Gain Loss
MarketableSecuritiesRealizedGainLoss
-82531 USD
CY2012 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
136627 USD
CY2013 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-1140984 USD
CY2012 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
1358300 USD
CY2013 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
2395219 USD
CY2012 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-1122695 USD
CY2013 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-981215 USD
CY2012 us-gaap Net Income Loss
NetIncomeLoss
-811490 USD
CY2013 us-gaap Net Income Loss
NetIncomeLoss
-3682244 USD
CY2012 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-242056 USD
CY2013 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-448658 USD
CY2012Q4 us-gaap Notes And Loans Receivable Net Current
NotesAndLoansReceivableNetCurrent
750000 USD
CY2013Q4 us-gaap Notes And Loans Receivable Net Current
NotesAndLoansReceivableNetCurrent
250000 USD
CY2012Q4 us-gaap Notes Payable Current
NotesPayableCurrent
USD
CY2013Q4 us-gaap Notes Payable Current
NotesPayableCurrent
25643 USD
CY2012 us-gaap Operating Expenses
OperatingExpenses
2009324 USD
CY2013 us-gaap Operating Expenses
OperatingExpenses
1673253 USD
CY2012 us-gaap Operating Income Loss
OperatingIncomeLoss
-1149698 USD
CY2013 us-gaap Operating Income Loss
OperatingIncomeLoss
-737040 USD
CY2013Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
7123700 USD
CY2013 us-gaap Operating Loss Carryforwards Expiration Date
OperatingLossCarryforwardsExpirationDate
2033-12-31
CY2012Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
95245 USD
CY2013Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
97046 USD
CY2012 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
13700 USD
CY2013 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
USD
CY2012 us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
25000 USD
CY2013 us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
USD
us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
250000 USD
CY2011Q4 us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
93280 USD
CY2012 us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
64500 USD
CY2013 us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
2000 USD
CY2011Q4 us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
250000 USD
us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
30000 USD
us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
34500 USD
CY2012 us-gaap Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
800000 USD
CY2013 us-gaap Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
USD
CY2012 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2200 USD
CY2013 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
4675 USD
CY2012Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
6142 USD
CY2013Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
48520 USD
CY2013 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div style="WIDTH: 681px"><!--StartFragment--> <p style="FONT-SIZE: 11pt; MARGIN: 0px"> <u>Reclassifications</u></p> <p style="FONT-SIZE: 11pt; MARGIN: 0px">Certain amounts in the accompanying consolidated financial statements have been reclassified to conform to the current year presentation. These reclassifications had no material effect on our consolidated financial statements.</p> <!--EndFragment--></div> </div>
CY2012 us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
2000000 USD
CY2013 us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
500000 USD
CY2012 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
150000 USD
CY2013 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
42738 USD
CY2012 us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
250000 USD
CY2013 us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
USD
CY2012 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
USD
CY2013 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
1901894 USD
CY2012Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1925057 USD
CY2013Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
68271 USD
CY2012Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1781383 USD
CY2013Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
9420 USD
CY2012 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
216661 USD
CY2013 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
17767 USD
CY2012 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
13373 USD
CY2013 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
1183722 USD
CY2012 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
231275 USD
CY2013 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
236263 USD
CY2012Q4 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
507854 USD
CY2013Q4 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
120676 USD
CY2012Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-10238436 USD
CY2013Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-13920680 USD
CY2012 us-gaap Revenues
Revenues
1082381 USD
CY2013 us-gaap Revenues
Revenues
1664100 USD
CY2012 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
146494 USD
CY2013 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
285969 USD
CY2012Q4 us-gaap Security Deposit
SecurityDeposit
USD
CY2013Q4 us-gaap Security Deposit
SecurityDeposit
4825 USD
CY2012 us-gaap Selling Expense
SellingExpense
104439 USD
CY2013 us-gaap Selling Expense
SellingExpense
169352 USD
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
10000000 shares
CY2012Q4 us-gaap Stockholders Equity
StockholdersEquity
7880993 USD
CY2013Q4 us-gaap Stockholders Equity
StockholdersEquity
4198749 USD
CY2011Q4 us-gaap Stockholders Equity
StockholdersEquity
8692483 USD
CY2012 us-gaap Technology Services Revenue
TechnologyServicesRevenue
935887 USD
CY2013 us-gaap Technology Services Revenue
TechnologyServicesRevenue
1378131 USD
CY2012Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
92654 USD
CY2013Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
USD
CY2012Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
6719 USD
CY2013Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
USD
CY2013 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
92654 USD
CY2013 us-gaap Use Of Estimates
UseOfEstimates
<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div style="WIDTH: 681px"><!--StartFragment--> <p style="FONT-SIZE: 11pt; MARGIN: 0px"><u>Use of Estimates</u></p> <p style="FONT-SIZE: 11pt; MARGIN: 0px">The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. &nbsp;Management believes that the estimates used in preparing the financial statements are reasonable and prudent; however, actual results could differ from these estimates. &nbsp;Significant estimates include the allowance for doubtful accounts, impairment assessments of goodwill, valuation of deferred tax assets, rebilling collections and certain accrued liabilities such as contingent liabilities.</p> <!--EndFragment--></div> </div>
CY2012 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
49713895 shares
CY2013 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
49713895 shares
CY2012 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
49713895 shares
CY2013 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
49713895 shares

Files In Submission

Name View Source Status
0001548123-14-000090-index-headers.html Edgar Link pending
0001548123-14-000090-index.html Edgar Link pending
0001548123-14-000090.txt Edgar Link pending
R5.htm Edgar Link pending
0001548123-14-000090-xbrl.zip Edgar Link pending
ex311.htm Edgar Link pending
ex312.htm Edgar Link pending
ex32.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
Financial_Report.xlsx Edgar Link pending
pweb-20131231.xml Edgar Link completed
pweb-20131231.xsd Edgar Link pending
pweb-20131231_cal.xml Edgar Link unprocessable
pweb-20131231_def.xml Edgar Link unprocessable
pweb-20131231_lab.xml Edgar Link unprocessable
pweb-20131231_pre.xml Edgar Link unprocessable
pweb_201310kv6.htm Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending