2016 Q4 Form 10-K Financial Statement
#000114420418018076 Filed on March 30, 2018
Income Statement
| Concept | 2016 Q4 | 2016 |
|---|---|---|
| Revenue | $30.80M | $35.19M |
| YoY Change | 1825.0% | 664.9% |
| Cost Of Revenue | $32.90M | $35.55M |
| YoY Change | 3555.56% | 860.84% |
| Gross Profit | -$2.100M | -$365.7K |
| YoY Change | -400.0% | -140.63% |
| Gross Profit Margin | -6.82% | -1.04% |
| Selling, General & Admin | $5.000M | $10.90M |
| YoY Change | 108.33% | 21.09% |
| % of Gross Profit | ||
| Research & Development | $0.00 | $0.00 |
| YoY Change | ||
| % of Gross Profit | ||
| Depreciation & Amortization | $170.0K | $510.0K |
| YoY Change | 54.55% | 30.77% |
| % of Gross Profit | ||
| Operating Expenses | $18.90M | $28.52M |
| YoY Change | 626.92% | 206.69% |
| Operating Profit | -$21.00M | -$28.89M |
| YoY Change | 1005.26% | 243.9% |
| Interest Expense | $0.00 | $254.7K |
| YoY Change | -184.91% | |
| % of Operating Profit | ||
| Other Income/Expense, Net | $200.0K | $57.02K |
| YoY Change | 100.0% | -80.99% |
| Pretax Income | -$22.80M | -$28.83M |
| YoY Change | 1040.0% | 235.25% |
| Income Tax | -$300.0K | -$330.1K |
| % Of Pretax Income | ||
| Net Earnings | -$20.60M | -$28.50M |
| YoY Change | 984.21% | 251.86% |
| Net Earnings / Revenue | -66.88% | -81.0% |
| Basic Earnings Per Share | ||
| Diluted Earnings Per Share | -$419.6K | -$733.3K |
| COMMON SHARES | ||
| Basic Shares Outstanding | ||
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2016 Q4 | 2016 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $3.800M | $3.800M |
| YoY Change | 0.0% | 0.0% |
| Cash & Equivalents | $3.762M | $3.800M |
| Short-Term Investments | ||
| Other Short-Term Assets | $3.582M | $4.100M |
| YoY Change | -23.79% | -12.77% |
| Inventory | $203.7K | $200.0K |
| Prepaid Expenses | $375.9K | |
| Receivables | $9.522M | $9.500M |
| Other Receivables | $1.800M | $1.800M |
| Total Short-Term Assets | $19.32M | $19.30M |
| YoY Change | 91.28% | 91.09% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $4.964M | $5.000M |
| YoY Change | 2381.86% | 2400.0% |
| Goodwill | $6.649M | |
| YoY Change | ||
| Intangibles | $453.2K | |
| YoY Change | ||
| Long-Term Investments | $6.700M | $6.700M |
| YoY Change | 1240.0% | 1240.0% |
| Other Assets | $112.6K | $100.0K |
| YoY Change | 12.64% | 0.0% |
| Total Long-Term Assets | $36.43M | $36.40M |
| YoY Change | 275.53% | 275.26% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $19.32M | $19.30M |
| Total Long-Term Assets | $36.43M | $36.40M |
| Total Assets | $55.75M | $55.70M |
| YoY Change | 181.55% | 181.31% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $13.34M | $14.30M |
| YoY Change | ||
| Accrued Expenses | $709.0K | $3.300M |
| YoY Change | -77.84% | 3.13% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | $3.000M | $3.000M |
| YoY Change | 0.0% | 0.0% |
| Total Short-Term Liabilities | $24.02M | $24.00M |
| YoY Change | 140.15% | 140.0% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Other Long-Term Liabilities | ||
| YoY Change | ||
| Total Long-Term Liabilities | $0.00 | $0.00 |
| YoY Change | ||
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $24.02M | $24.00M |
| Total Long-Term Liabilities | $0.00 | $0.00 |
| Total Liabilities | $24.02M | $18.70M |
| YoY Change | 203.99% | 136.71% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | -$115.7M | |
| YoY Change | ||
| Common Stock | $152.8M | |
| YoY Change | ||
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | $35.79M | $37.10M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $55.75M | $55.70M |
| YoY Change | 181.55% | 181.31% |
Cashflow Statement
| Concept | 2016 Q4 | 2016 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$20.60M | -$28.50M |
| YoY Change | 984.21% | 251.86% |
| Depreciation, Depletion And Amortization | $170.0K | $510.0K |
| YoY Change | 54.55% | 30.77% |
| Cash From Operating Activities | -$1.480M | -$9.430M |
| YoY Change | 572.73% | 46.43% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | -$420.0K | $3.827M |
| YoY Change | 147.06% | -1630.68% |
| Acquisitions | -$527.2K | |
| YoY Change | ||
| Other Investing Activities | $850.0K | -$3.380M |
| YoY Change | ||
| Cash From Investing Activities | $430.0K | -$10.20M |
| YoY Change | -352.94% | 3980.0% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | 2.000M | 19.71M |
| YoY Change | -745.16% | -6458.06% |
| NET CHANGE | ||
| Cash From Operating Activities | -1.480M | -9.430M |
| Cash From Investing Activities | 430.0K | -10.20M |
| Cash From Financing Activities | 2.000M | 19.71M |
| Net Change In Cash | 950.0K | 80.00K |
| YoY Change | -235.71% | -101.14% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | -$1.480M | -$9.430M |
| Capital Expenditures | -$420.0K | $3.827M |
| Free Cash Flow | -$1.060M | -$13.26M |
| YoY Change | 2020.0% | 114.16% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2016Q4 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
453242 | USD |
| CY2016Q4 | ssc |
Licensed Content Current
LicensedContentCurrent
|
124319 | USD |
| CY2016Q4 | us-gaap |
Prepaid Expense Current
PrepaidExpenseCurrent
|
375944 | USD |
| CY2016Q4 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
3581822 | USD |
| CY2016Q4 | us-gaap |
Cash
Cash
|
3761814 | USD |
| CY2016Q4 | us-gaap |
Assets Current
AssetsCurrent
|
19319577 | USD |
| CY2016Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
4963725 | USD |
| CY2016Q4 | ssc |
Licensed Content Non Current
LicensedContentNonCurrent
|
17593528 | USD |
| CY2016Q4 | us-gaap |
Goodwill
Goodwill
|
6648911 | USD |
| CY2016Q4 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
112643 | USD |
| CY2016Q4 | us-gaap |
Assets
Assets
|
55746290 | USD |
| CY2016Q4 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
13341680 | USD |
| CY2016Q4 | us-gaap |
Deferred Revenue Current
DeferredRevenueCurrent
|
1350054 | USD |
| CY2016Q4 | us-gaap |
Interest Payable Current
InterestPayableCurrent
|
557918 | USD |
| CY2016Q4 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
708987 | USD |
| CY2016Q4 | us-gaap |
Accrued Salaries Current
AccruedSalariesCurrent
|
766957 | USD |
| CY2016Q4 | ssc |
Office Building Purchase Payable Current
OfficeBuildingPurchasePayableCurrent
|
987015 | USD |
| CY2016Q4 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
934480 | USD |
| CY2016Q4 | ssc |
Accrued License Content Fees Current
AccruedLicenseContentFeesCurrent
|
1236661 | USD |
| CY2016Q4 | us-gaap |
Convertible Notes Payable Current
ConvertibleNotesPayableCurrent
|
3000000 | USD |
| CY2016Q4 | us-gaap |
Derivative Liabilities Current
DerivativeLiabilitiesCurrent
|
70785 | USD |
| CY2016Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
24015354 | USD |
| CY2016Q4 | us-gaap |
Liabilities
Liabilities
|
24015354 | USD |
| CY2016Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
| CY2016Q4 | us-gaap |
Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
|
1261995 | USD |
| CY2016Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
7155 | USD |
| CY2016Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
53918 | USD |
| CY2016Q4 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
152755919 | USD |
| CY2016Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-115669268 | USD |
| CY2016Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-1353302 | USD |
| CY2016Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
35794422 | USD |
| CY2016Q4 | us-gaap |
Minority Interest
MinorityInterest
|
-5325481 | USD |
| CY2016Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
30468941 | USD |
| CY2016Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
55746290 | USD |
| CY2016Q4 | us-gaap |
Temporary Equity Shares Issued
TemporaryEquitySharesIssued
|
7000000 | shares |
| CY2016Q4 | us-gaap |
Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
|
7000000 | shares |
| CY2016Q4 | us-gaap |
Temporary Equity Liquidation Preference
TemporaryEquityLiquidationPreference
|
3500000 | USD |
| CY2016Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.001 | |
| CY2016Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
16500000 | shares |
| CY2016Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
7154997 | shares |
| CY2016Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
7154997 | shares |
| CY2016Q4 | us-gaap |
Preferred Stock Liquidation Preference Value
PreferredStockLiquidationPreferenceValue
|
12521245 | USD |
| CY2016Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.001 | |
| CY2016Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
1500000000 | shares |
| CY2016Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
53918523 | shares |
| CY2016Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
53918523 | shares |
| CY2016 | us-gaap |
Sales Revenue Net
SalesRevenueNet
|
35185508 | USD |
| CY2016 | us-gaap |
Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
|
35551198 | USD |
| CY2016 | us-gaap |
Gross Profit
GrossProfit
|
-365690 | USD |
| CY2016 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
10898323 | USD |
| CY2016 | us-gaap |
Professional Fees
ProfessionalFees
|
1400139 | USD |
| CY2016 | us-gaap |
Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
|
2018628 | USD |
| CY2016 | ssc |
Earn Out Share Award Expense
EarnOutShareAwardExpense
|
13700000 | USD |
| CY2016 | us-gaap |
Operating Expenses
OperatingExpenses
|
28522118 | USD |
| CY2016 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-28887808 | USD |
| CY2016 | us-gaap |
Interest Expense
InterestExpense
|
254725 | USD |
| CY2016 | us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
-324432 | USD |
| CY2016 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
-31557 | USD |
| CY2016 | us-gaap |
Equity Method Investment Other Than Temporary Impairment
EquityMethodInvestmentOtherThanTemporaryImpairment
|
38448 | USD |
| CY2016 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
57017 | USD |
| CY2016 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-28831089 | USD |
| CY2016 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-330124 | USD |
| CY2016 | us-gaap |
Profit Loss
ProfitLoss
|
-28500965 | USD |
| CY2016 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.73 | |
| CY2016 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
35998001 | shares |
| CY2016 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-928776 | USD |
| CY2016 | us-gaap |
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
29429741 | USD |
| CY2016 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
2051010 | USD |
| CY2016 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-27378731 | USD |
| CY2016 | us-gaap |
Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
|
17733297 | USD |
| CY2016 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
319718 | USD |
| CY2016 | us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
2825124 | USD |
| CY2016 | us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
122696 | USD |
| CY2016 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-330124 | USD |
| CY2016 | us-gaap |
Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
|
496467 | USD |
| CY2016 | us-gaap |
Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
|
81666 | USD |
| CY2016 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
4263094 | USD |
| CY2016 | ssc |
Increase Decrease In Licensed Content
IncreaseDecreaseInLicensedContent
|
-37568 | USD |
| CY2016 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
4788796 | USD |
| CY2016 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
6960916 | USD |
| CY2016 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
10489 | USD |
| CY2016 | us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
1294427 | USD |
| CY2016 | ssc |
Increase Decrease In Accrued License Content Fees
IncreaseDecreaseInAccruedLicenseContentFees
|
378964 | USD |
| CY2016 | us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
-9426940 | USD |
| CY2016 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
3826697 | USD |
| CY2016 | us-gaap |
Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
|
2992072 | USD |
| CY2016 | us-gaap |
Payments To Acquire Longterm Investments
PaymentsToAcquireLongtermInvestments
|
3733750 | USD |
| CY2016 | us-gaap |
Payments To Acquire Investments
PaymentsToAcquireInvestments
|
172077 | USD |
| CY2016 | us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-10197379 | USD |
| CY2016 | us-gaap |
Proceeds From Issuance Of Preferred Stock Preference Stock And Warrants
ProceedsFromIssuanceOfPreferredStockPreferenceStockAndWarrants
|
20000000 | USD |
| CY2016 | us-gaap |
Payment Of Financing And Stock Issuance Costs
PaymentOfFinancingAndStockIssuanceCosts
|
294890 | USD |
| CY2016 | us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
19705110 | USD |
| CY2016 | us-gaap |
Effect Of Exchange Rate On Cash And Cash Equivalents Continuing Operations
EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations
|
-87874 | USD |
| CY2016 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
-7083 | USD |
| CY2016 | ssc |
Exchange Of Series E Preferred Stock For Common Stock
ExchangeOfSeriesEPreferredStockForCommonStock
|
100 | USD |
| CY2016 | ssc |
Issuance Of Convertible Note For Licensed Content
IssuanceOfConvertibleNoteForLicensedContent
|
17717847 | USD |
| CY2016 | ssc |
Issuance Of Shares For Settlement Of Liability
IssuanceOfSharesForSettlementOfLiability
|
75000 | USD |
| CY2016 | ssc |
Issuance Of Earn Out Shares
IssuanceOfEarnOutShares
|
13700000 | USD |
| CY2016 | ssc |
Acquisition Of Long Term Investment Through Transfer Of Game Ip Rights
AcquisitionOfLongTermInvestmentThroughTransferOfGameIpRights
|
2714441 | USD |
| CY2016 | ssc |
Workforce Intangible Acquired For Shares
WorkforceIntangibleAcquiredForShares
|
121695 | USD |
| CY2016 | ssc |
Payable For Workforce Acquired
PayableForWorkforceAcquired
|
987015 | USD |
| CY2016Q4 | us-gaap |
Due To Related Parties Current
DueToRelatedPartiesCurrent
|
1060817 | USD |
| CY2016Q4 | us-gaap |
Notes And Loans Receivable Net Current
NotesAndLoansReceivableNetCurrent
|
1749830 | USD |
| CY2016Q4 | us-gaap |
Inventory Net
InventoryNet
|
203697 | USD |
| CY2016 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
-122107 | USD |
| CY2016 | us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
-527217 | USD |
| CY2016 | us-gaap |
Revenue From Related Parties
RevenueFromRelatedParties
|
USD | |
| CY2016 | ssc |
Revenue From Third Parties
RevenueFromThirdParties
|
35185508 | USD |
