2014 Q4 Form 10-Q Financial Statement
#000154812314000461 Filed on November 14, 2014
Income Statement
Concept | 2014 Q4 | 2014 Q3 | 2013 Q3 |
---|---|---|---|
Revenue | $1.150M | $3.954M | $460.7K |
YoY Change | 64.29% | 758.2% | 84.63% |
Cost Of Revenue | $820.0K | $3.193M | $291.3K |
YoY Change | 192.86% | 996.31% | 531.28% |
Gross Profit | $330.0K | $760.8K | $169.5K |
YoY Change | -23.26% | 348.93% | -16.69% |
Gross Profit Margin | 28.7% | 19.24% | 36.78% |
Selling, General & Admin | $640.0K | $431.0K | $288.9K |
YoY Change | 16.36% | 49.21% | -11.54% |
% of Gross Profit | 193.94% | 56.66% | 170.47% |
Research & Development | $60.00K | $52.23K | $55.07K |
YoY Change | 0.0% | -5.16% | -3.6% |
% of Gross Profit | 18.18% | 6.87% | 32.5% |
Depreciation & Amortization | $10.00K | $0.00 | $10.00K |
YoY Change | -100.0% | 0.0% | |
% of Gross Profit | 3.03% | 0.0% | 5.9% |
Operating Expenses | $700.0K | $484.3K | $345.7K |
YoY Change | 14.75% | 40.09% | -11.98% |
Operating Profit | -$370.0K | $276.4K | -$176.3K |
YoY Change | 105.56% | -256.82% | -6.93% |
Interest Expense | $0.00 | $3.150K | $21.92K |
YoY Change | -100.0% | -85.63% | -35.12% |
% of Operating Profit | 1.14% | ||
Other Income/Expense, Net | $3.150K | $21.92K | |
YoY Change | -85.63% | 60.53% | |
Pretax Income | -$370.0K | $279.6K | -$154.3K |
YoY Change | -53.75% | -281.14% | -12.18% |
Income Tax | $0.00 | $0.00 | -$92.65K |
% Of Pretax Income | 0.0% | ||
Net Earnings | -$370.0K | $279.6K | -$5.190K |
YoY Change | -89.55% | -5486.84% | -95.19% |
Net Earnings / Revenue | -32.17% | 7.07% | -1.13% |
Basic Earnings Per Share | -$0.01 | $0.00 | |
Diluted Earnings Per Share | -$34.45K | -$0.01 | $0.00 |
COMMON SHARES | |||
Basic Shares Outstanding | 49.71M shares | 49.71M shares | 49.71M shares |
Diluted Shares Outstanding | 49.71M shares | 49.71M shares |
Balance Sheet
Concept | 2014 Q4 | 2014 Q3 | 2013 Q3 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $610.0K | $610.0K | $1.580M |
YoY Change | -68.39% | -61.39% | 83.72% |
Cash & Equivalents | $609.3K | $607.9K | $1.584M |
Short-Term Investments | |||
Other Short-Term Assets | $60.00K | $80.00K | $90.00K |
YoY Change | 20.0% | -11.11% | 800.0% |
Inventory | $20.29K | $28.68K | $378.0K |
Prepaid Expenses | |||
Receivables | $1.081M | $1.916M | $77.81K |
Other Receivables | $0.00 | $190.0K | $780.0K |
Total Short-Term Assets | $1.768M | $2.818M | $2.915M |
YoY Change | -25.38% | -3.33% | -12.07% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $14.00K | $6.224K | $6.395K |
YoY Change | 48.57% | -2.67% | -99.64% |
Goodwill | $1.946M | $1.946M | $1.946M |
YoY Change | 0.0% | 0.0% | 0.0% |
Intangibles | |||
YoY Change | |||
Long-Term Investments | $290.0K | ||
YoY Change | -48.21% | ||
Other Assets | $370.0K | $590.0K | $2.850M |
YoY Change | 131.25% | -79.3% | -2.73% |
Total Long-Term Assets | $2.326M | $2.541M | $5.091M |
YoY Change | 10.18% | -50.09% | -29.55% |
TOTAL ASSETS | |||
Total Short-Term Assets | $1.768M | $2.818M | $2.915M |
Total Long-Term Assets | $2.326M | $2.541M | $5.091M |
Total Assets | $4.094M | $5.359M | $8.006M |
YoY Change | -8.62% | -33.07% | -24.06% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $50.53K | $106.4K | $25.62K |
YoY Change | 5.78% | 315.27% | -81.99% |
Accrued Expenses | $149.5K | $142.8K | $138.1K |
YoY Change | 2.25% | 3.42% | -77.79% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | $20.00K | $40.00K | $40.00K |
YoY Change | -33.33% | 0.0% | |
Total Short-Term Liabilities | $393.8K | $1.285M | $269.6K |
YoY Change | 40.03% | 376.62% | -72.34% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | -100.0% | ||
Other Long-Term Liabilities | |||
YoY Change | |||
Total Long-Term Liabilities | $0.00 | $0.00 | |
YoY Change | |||
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $393.8K | $1.285M | $269.6K |
Total Long-Term Liabilities | $0.00 | $0.00 | |
Total Liabilities | $393.8K | $1.280M | $269.6K |
YoY Change | 40.03% | 374.81% | -87.43% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$14.42M | -$10.38M | |
YoY Change | 3.58% | 6.8% | |
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 | $3.700M | $4.070M | $7.737M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $4.094M | $5.360M | $8.006M |
YoY Change | -8.62% | -33.05% | -24.06% |
Cashflow Statement
Concept | 2014 Q4 | 2014 Q3 | 2013 Q3 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$370.0K | $279.6K | -$5.190K |
YoY Change | -89.55% | -5486.84% | -95.19% |
Depreciation, Depletion And Amortization | $10.00K | $0.00 | $10.00K |
YoY Change | -100.0% | 0.0% | |
Cash From Operating Activities | -$160.0K | -$820.0K | -$410.0K |
YoY Change | -11.11% | 100.0% | 13.89% |
INVESTING ACTIVITIES | |||
Capital Expenditures | -$10.00K | $0.00 | |
YoY Change | |||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $190.0K | $60.00K | $1.340M |
YoY Change | -65.45% | -95.52% | 168.0% |
Cash From Investing Activities | $180.0K | $60.00K | $1.340M |
YoY Change | -67.27% | -95.52% | 168.0% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | -10.00K | 40.00K | -1.110M |
YoY Change | -50.0% | -103.6% | -840.0% |
NET CHANGE | |||
Cash From Operating Activities | -160.0K | -820.0K | -410.0K |
Cash From Investing Activities | 180.0K | 60.00K | 1.340M |
Cash From Financing Activities | -10.00K | 40.00K | -1.110M |
Net Change In Cash | 10.00K | -720.0K | -180.0K |
YoY Change | -97.14% | 300.0% | -162.07% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$160.0K | -$820.0K | -$410.0K |
Capital Expenditures | -$10.00K | $0.00 | |
Free Cash Flow | -$150.0K | -$410.0K | |
YoY Change | -16.67% | 13.89% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
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|
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Cash And Cash Equivalents At Carrying Value
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Allowance For Doubtful Accounts Receivable Current
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Document Type
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10-Q | ||
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2014-09-30 | ||
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SellingExpense
|
115003 | USD | |
us-gaap |
Selling Expense
SellingExpense
|
215985 | USD | |
CY2013Q3 | us-gaap |
Selling Expense
SellingExpense
|
39875 | USD |
CY2014Q3 | us-gaap |
Selling Expense
SellingExpense
|
54188 | USD |
us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
175810 | USD | |
us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
166319 | USD | |
CY2013Q3 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
55072 | USD |
CY2014Q3 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
52232 | USD |
CY2014Q3 | us-gaap |
Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
|
3150 | USD |
CY2013Q3 | us-gaap |
Gains Losses On Sales Of Assets
GainsLossesOnSalesOfAssets
|
USD | |
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
755877 | USD | |
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
1142559 | USD | |
CY2013Q3 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
249011 | USD |
CY2014Q3 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
376860 | USD |
CY2013Q3 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
1773 | USD |
CY2014Q3 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
1065 | USD |
us-gaap |
Operating Expenses
OperatingExpenses
|
1063075 | USD | |
us-gaap |
Operating Expenses
OperatingExpenses
|
1528059 | USD | |
CY2013Q3 | us-gaap |
Operating Expenses
OperatingExpenses
|
345731 | USD |
CY2014Q3 | us-gaap |
Operating Expenses
OperatingExpenses
|
484345 | USD |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-552266 | USD | |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-134193 | USD | |
CY2013Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-176268 | USD |
CY2014Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
276427 | USD |
us-gaap |
Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
|
32443 | USD | |
us-gaap |
Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
|
9232 | USD | |
CY2013Q3 | us-gaap |
Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
|
21924 | USD |
CY2014Q3 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
USD | |
us-gaap |
Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
|
-92654 | USD | |
CY2014Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
49713895 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
49713895 | shares | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
49713895 | shares | |
CY2013Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
49713895 | shares |
CY2014Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
49713895 | shares |
CY2013Q3 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
USD | |
CY2014Q3 | us-gaap |
Gains Losses On Sales Of Assets
GainsLossesOnSalesOfAssets
|
USD | |
CY2013Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.00 | |
CY2014Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.01 | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.00 | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.00 | ||
CY2013Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.00 | |
CY2014Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.01 | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
49713895 | shares | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
49713895 | shares | |
CY2013Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
49713895 | shares |
us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
169948 | USD | |
us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
9232 | USD | |
CY2013Q3 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
21924 | USD |
CY2014Q3 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
3150 | USD |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-382318 | USD | |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-124961 | USD | |
CY2013Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-154344 | USD |
CY2014Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
279577 | USD |
us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-145500 | USD | |
CY2013Q3 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-56500 | USD |
us-gaap |
Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
|
4 | USD | |
CY2013Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-5190 | USD |
CY2014Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
279577 | USD |
CY2013Q3 | us-gaap |
Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
|
-92654 | USD |
CY2013Q3 | pweb |
Segment Reporting Information Net Income Loss
SegmentReportingInformationNetIncomeLoss
|
-5191 | USD |
CY2014Q3 | pweb |
Segment Reporting Information Net Income Loss
SegmentReportingInformationNetIncomeLoss
|
279577 | USD |
pweb |
Segment Reporting Information Net Income Loss
SegmentReportingInformationNetIncomeLoss
|
-144164 | USD | |
pweb |
Segment Reporting Information Net Income Loss
SegmentReportingInformationNetIncomeLoss
|
-124965 | USD | |
us-gaap |
Proceeds From Notes Payable
ProceedsFromNotesPayable
|
42738 | USD | |
us-gaap |
Proceeds From Notes Payable
ProceedsFromNotesPayable
|
44281 | USD | |
us-gaap |
Proceeds From Sale And Collection Of Notes Receivable
ProceedsFromSaleAndCollectionOfNotesReceivable
|
USD | ||
us-gaap |
Proceeds From Sale And Collection Of Notes Receivable
ProceedsFromSaleAndCollectionOfNotesReceivable
|
60578 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
60578 | USD | |
CY2014Q4 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
49713895 | shares |
CY2013Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.001 | |
CY2013Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
50000000 | shares |
CY2013Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
49713895 | shares |
CY2013Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
49713895 | shares |