2015 Q2 Form 10-Q Financial Statement

#000154812315000323 Filed on August 14, 2015

View on sec.gov

Income Statement

Concept 2015 Q2 2014 Q4 2014 Q2
Revenue $2.419M $1.150M $1.003M
YoY Change 141.25% 64.29% 266.11%
Cost Of Revenue $1.190M $820.0K $605.8K
YoY Change 96.49% 192.86% 463.34%
Gross Profit $1.229M $330.0K $396.9K
YoY Change 209.57% -23.26% 138.62%
Gross Profit Margin 50.8% 28.7% 39.59%
Selling, General & Admin $550.8K $640.0K $480.7K
YoY Change 14.6% 16.36% 45.74%
% of Gross Profit 44.83% 193.94% 121.1%
Research & Development $53.08K $60.00K $59.16K
YoY Change -10.26% 0.0% -4.59%
% of Gross Profit 4.32% 18.18% 14.9%
Depreciation & Amortization $0.00 $10.00K $0.00
YoY Change
% of Gross Profit 0.0% 3.03% 0.0%
Operating Expenses $605.6K $700.0K $540.9K
YoY Change 11.96% 14.75% 35.91%
Operating Profit $623.2K -$370.0K -$144.0K
YoY Change -532.9% 105.56% -37.85%
Interest Expense -$191.00 $0.00 $3.050K
YoY Change -106.26% -100.0% -65.0%
% of Operating Profit -0.03%
Other Income/Expense, Net -$191.00 $3.050K
YoY Change -106.26% -97.99%
Pretax Income $623.0K -$370.0K -$140.9K
YoY Change -542.14% -53.75% 76.95%
Income Tax $0.00 $0.00 $4.00
% Of Pretax Income 0.0%
Net Earnings $623.0K -$370.0K -$140.9K
YoY Change -542.12% -89.55% 178.86%
Net Earnings / Revenue 25.75% -32.17% -14.05%
Basic Earnings Per Share $0.01 $0.00
Diluted Earnings Per Share $0.01 -$34.45K $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 2015 Q2 2014 Q4 2014 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $360.0K $610.0K $1.330M
YoY Change -72.93% -68.39% -24.86%
Cash & Equivalents $363.6K $609.3K $1.326M
Short-Term Investments
Other Short-Term Assets $20.00K $60.00K $20.00K
YoY Change 0.0% 20.0% 0.0%
Inventory $15.52K $20.29K $39.01K
Prepaid Expenses
Receivables $1.897M $1.081M $473.6K
Other Receivables $0.00 $0.00 $290.0K
Total Short-Term Assets $2.294M $1.768M $2.141M
YoY Change 7.16% -25.38% -29.3%
LONG-TERM ASSETS
Property, Plant & Equipment $10.68K $14.00K $7.289K
YoY Change 46.56% 48.57% -10.75%
Goodwill $1.946M $1.946M $1.946M
YoY Change 0.0% 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $210.0K $370.0K $440.0K
YoY Change -52.27% 131.25% -84.17%
Total Long-Term Assets $2.167M $2.326M $2.392M
YoY Change -9.39% 10.18% -52.36%
TOTAL ASSETS
Total Short-Term Assets $2.294M $1.768M $2.141M
Total Long-Term Assets $2.167M $2.326M $2.392M
Total Assets $4.462M $4.094M $4.533M
YoY Change -1.58% -8.62% -43.68%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $87.08K $50.53K $217.0K
YoY Change -59.87% 5.78% 317.68%
Accrued Expenses $434.8K $149.5K $139.3K
YoY Change 212.1% 2.25% -37.89%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $20.00K $0.00
YoY Change -33.33% -100.0%
Total Short-Term Liabilities $573.9K $393.8K $739.1K
YoY Change -22.36% 40.03% 140.11%
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 $573.9K $393.8K $739.1K
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $570.0K $393.8K $740.0K
YoY Change -22.97% 40.03% 140.39%
SHAREHOLDERS EQUITY
Retained Earnings -$14.23M -$14.42M -$14.33M
YoY Change -0.66% 3.58% 38.04%
Common Stock $18.12M $18.12M $18.12M
YoY Change 0.0% 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.888M $3.700M $3.794M
YoY Change
Total Liabilities & Shareholders Equity $4.462M $4.094M $4.533M
YoY Change -1.58% -8.62% -43.68%

Cashflow Statement

Concept 2015 Q2 2014 Q4 2014 Q2
OPERATING ACTIVITIES
Net Income $623.0K -$370.0K -$140.9K
YoY Change -542.12% -89.55% 178.86%
Depreciation, Depletion And Amortization $0.00 $10.00K $0.00
YoY Change
Cash From Operating Activities $100.0K -$160.0K -$270.0K
YoY Change -137.04% -11.11% 0.0%
INVESTING ACTIVITIES
Capital Expenditures -$10.00K
YoY Change
Acquisitions
YoY Change
Other Investing Activities $0.00 $190.0K $0.00
YoY Change -65.45% -100.0%
Cash From Investing Activities $0.00 $180.0K $0.00
YoY Change -67.27% -100.0%
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 -10.00K -20.00K
YoY Change -50.0% -50.0% 100.0%
NET CHANGE
Cash From Operating Activities 100.0K -160.0K -270.0K
Cash From Investing Activities 0.000 180.0K 0.000
Cash From Financing Activities -10.00K -10.00K -20.00K
Net Change In Cash 90.00K 10.00K -290.0K
YoY Change -131.03% -97.14% -226.09%
FREE CASH FLOW
Cash From Operating Activities $100.0K -$160.0K -$270.0K
Capital Expenditures -$10.00K
Free Cash Flow -$150.0K
YoY Change -16.67%

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dei Document Type
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10-Q
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dei Document Period End Date
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2015-06-30

Files In Submission

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0001548123-15-000323.txt Edgar Link pending
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