2017 Q4 Form 10-Q Financial Statement
#000114420418060031 Filed on November 14, 2018
Income Statement
| Concept | 2017 Q4 | 2017 Q3 |
|---|---|---|
| Revenue | $37.60M | $30.23M |
| YoY Change | 22.08% | 1789.33% |
| Cost Of Revenue | $36.30M | $28.30M |
| YoY Change | 10.33% | 3044.44% |
| Gross Profit | $1.300M | $1.955M |
| YoY Change | -161.9% | 179.34% |
| Gross Profit Margin | 3.46% | 6.47% |
| Selling, General & Admin | $6.400M | $3.685M |
| YoY Change | 28.0% | 41.72% |
| % of Gross Profit | 492.31% | 188.44% |
| Research & Development | $0.00 | $400.0K |
| YoY Change | ||
| % of Gross Profit | 0.0% | 20.46% |
| Depreciation & Amortization | $20.00K | $30.00K |
| YoY Change | -88.24% | -75.0% |
| % of Gross Profit | 1.54% | 1.53% |
| Operating Expenses | $6.400M | $5.114M |
| YoY Change | -66.14% | 89.42% |
| Operating Profit | -$5.100M | -$3.159M |
| YoY Change | -75.71% | 57.95% |
| Interest Expense | -$100.0K | $26.03K |
| YoY Change | ||
| % of Operating Profit | ||
| Other Income/Expense, Net | -$400.0K | $72.12K |
| YoY Change | -300.0% | -27.88% |
| Pretax Income | -$5.600M | -$3.005M |
| YoY Change | -75.44% | 36.6% |
| Income Tax | $0.00 | $0.00 |
| % Of Pretax Income | ||
| Net Earnings | -$5.800M | -$3.028M |
| YoY Change | -71.84% | 51.4% |
| Net Earnings / Revenue | -15.43% | -10.02% |
| Basic Earnings Per Share | -$0.05 | |
| Diluted Earnings Per Share | -$88.01K | -$0.05 |
| COMMON SHARES | ||
| Basic Shares Outstanding | 62.15M shares | |
| Diluted Shares Outstanding | 62.15M shares |
Balance Sheet
| Concept | 2017 Q4 | 2017 Q3 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $7.200M | $1.700M |
| YoY Change | 89.47% | -39.29% |
| Cash & Equivalents | $7.200M | $1.680M |
| Short-Term Investments | ||
| Other Short-Term Assets | $2.276M | $3.400M |
| YoY Change | -36.45% | 142.86% |
| Inventory | $216.5K | $400.0K |
| Prepaid Expenses | $2.203M | |
| Receivables | $26.96M | $42.80M |
| Other Receivables | $0.00 | $0.00 |
| Total Short-Term Assets | $56.19M | $48.30M |
| YoY Change | 190.86% | 475.0% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $127.3K | $100.0K |
| YoY Change | -97.44% | 0.0% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | $148.9K | |
| YoY Change | -67.15% | |
| Long-Term Investments | $7.000M | $7.000M |
| YoY Change | 4.48% | 4.48% |
| Other Assets | $0.00 | $0.00 |
| YoY Change | -100.0% | -100.0% |
| Total Long-Term Assets | $7.252M | $23.30M |
| YoY Change | -80.09% | -38.52% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $56.19M | $48.30M |
| Total Long-Term Assets | $7.252M | $23.30M |
| Total Assets | $63.44M | $71.60M |
| YoY Change | 13.81% | 54.64% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $26.83M | $43.10M |
| YoY Change | 101.1% | 21450.0% |
| Accrued Expenses | $175.6K | $1.200M |
| YoY Change | -75.23% | -58.62% |
| 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 | $32.04M | $47.80M |
| YoY Change | 33.43% | 582.86% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Other Long-Term Liabilities | $384.2K | |
| YoY Change | ||
| Total Long-Term Liabilities | $384.2K | $0.00 |
| YoY Change | ||
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $32.04M | $47.80M |
| Total Long-Term Liabilities | $384.2K | $0.00 |
| Total Liabilities | $32.43M | $45.70M |
| YoY Change | 35.03% | 872.34% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | -$126.7M | |
| YoY Change | 9.53% | |
| Common Stock | $68.51K | |
| YoY Change | -99.96% | |
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | $31.04M | $25.80M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $63.44M | $71.60M |
| YoY Change | 13.81% | 54.64% |
Cashflow Statement
| Concept | 2017 Q4 | 2017 Q3 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$5.800M | -$3.028M |
| YoY Change | -71.84% | 51.4% |
| Depreciation, Depletion And Amortization | $20.00K | $30.00K |
| YoY Change | -88.24% | -75.0% |
| Cash From Operating Activities | -$4.130M | -$4.460M |
| YoY Change | 179.05% | 15.84% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | -$10.00K | $0.00 |
| YoY Change | -97.62% | -100.0% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | -$2.620M | $2.970M |
| YoY Change | -408.24% | -341.46% |
| Cash From Investing Activities | -$2.650M | $2.980M |
| YoY Change | -716.28% | -187.65% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | 12.33M | -30.00K |
| YoY Change | 516.5% | -100.39% |
| NET CHANGE | ||
| Cash From Operating Activities | -4.130M | -4.460M |
| Cash From Investing Activities | -2.650M | 2.980M |
| Cash From Financing Activities | 12.33M | -30.00K |
| Net Change In Cash | 5.550M | -1.510M |
| YoY Change | 484.21% | -428.26% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | -$4.130M | -$4.460M |
| Capital Expenditures | -$10.00K | $0.00 |
| Free Cash Flow | -$4.120M | -$4.460M |
| YoY Change | 288.68% | 165.48% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2017Q4 | us-gaap |
Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
|
369280 | USD |
| CY2017Q4 | us-gaap |
Inventory Net
InventoryNet
|
216453 | USD |
| CY2017Q4 | us-gaap |
Due To Related Parties Current
DueToRelatedPartiesCurrent
|
434030 | USD |
| us-gaap |
Operating Expenses
OperatingExpenses
|
10820966 | USD | |
| CY2017Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-3159032 | USD |
| CY2017Q4 | us-gaap |
Prepaid Expense Current
PrepaidExpenseCurrent
|
2202728 | USD |
| CY2017Q4 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
2276096 | USD |
| CY2017Q4 | us-gaap |
Assets Current
AssetsCurrent
|
56192828 | USD |
| CY2017Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
127275 | USD |
| CY2017Q4 | us-gaap |
Long Term Investments
LongTermInvestments
|
6975511 | USD |
| CY2017Q4 | us-gaap |
Assets
Assets
|
63444488 | USD |
| CY2017Q4 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
26829593 | USD |
| CY2017Q4 | us-gaap |
Deferred Revenue
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|
222350 | USD |
| CY2017Q4 | us-gaap |
Interest Payable Current
InterestPayableCurrent
|
20055 | USD |
| CY2017Q4 | us-gaap |
Accrued Salaries Current
AccruedSalariesCurrent
|
737072 | USD |
| CY2017Q4 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
801560 | USD |
| CY2017Q4 | us-gaap |
Convertible Notes Payable Current
ConvertibleNotesPayableCurrent
|
3000000 | USD |
| CY2017Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
32044660 | USD |
| CY2017Q4 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
384243 | USD |
| CY2017Q4 | us-gaap |
Liabilities
Liabilities
|
32428903 | USD |
| CY2017Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
| CY2017Q4 | us-gaap |
Common Stock Value
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|
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| CY2017Q4 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
158449544 | USD |
| CY2017Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-126693022 | USD |
| CY2017Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
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|
-782074 | USD |
| CY2017Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
31042957 | USD |
| CY2017Q4 | us-gaap |
Minority Interest
MinorityInterest
|
-1289367 | USD |
| CY2016Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
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| CY2017Q3 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
22262466 | USD |
| CY2017Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
29753590 | USD |
| CY2017Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
63444488 | USD |
| CY2017Q3 | us-gaap |
Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
|
30229255 | USD |
| us-gaap |
Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
|
106724866 | USD | |
| CY2017Q3 | ssc |
Cost Of Revenue From Third Parties
CostOfRevenueFromThirdParties
|
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| ssc |
Cost Of Revenue From Third Parties
CostOfRevenueFromThirdParties
|
100889004 | USD | |
| CY2017Q3 | us-gaap |
Gross Profit
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|
1955392 | USD |
| us-gaap |
Gross Profit
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|
5835862 | USD | |
| CY2017Q3 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
3684749 | USD |
| us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
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| CY2017Q3 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
400040 | USD |
| us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
400040 | USD | |
| CY2017Q3 | us-gaap |
Professional Fees
ProfessionalFees
|
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| us-gaap |
Professional Fees
ProfessionalFees
|
1888361 | USD | |
| CY2017Q3 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
36952 | USD |
| us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
294272 | USD | |
| CY2017Q3 | us-gaap |
Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
|
152847 | USD |
| us-gaap |
Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
|
216468 | USD | |
| CY2017Q3 | us-gaap |
Operating Expenses
OperatingExpenses
|
5114424 | USD |
| us-gaap |
Operating Income Loss
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|
-4985104 | USD | |
| CY2017Q3 | us-gaap |
Interest Expense
InterestExpense
|
26029 | USD |
| us-gaap |
Interest Expense
InterestExpense
|
70779 | USD | |
| CY2017Q3 | us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
-131357 | USD |
| us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
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| CY2017Q3 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
-23632 | USD |
| us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
-100468 | USD | |
| CY2017Q3 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
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| us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-38480 | USD | |
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Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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|
-3005216 | USD |
| us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-5307473 | USD | |
| CY2017Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | USD |
| us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | USD | |
| CY2017Q3 | us-gaap |
Profit Loss
ProfitLoss
|
-3005216 | USD |
| us-gaap |
Profit Loss
ProfitLoss
|
-5307473 | USD | |
| CY2017Q3 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
22723 | USD |
| us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
-608910 | USD | |
| CY2017Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-3027939 | USD |
| us-gaap |
Net Income Loss
NetIncomeLoss
|
-4698563 | USD | |
| CY2017Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.05 | |
| us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.08 | ||
| CY2017Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.05 | |
| us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.08 | ||
| CY2017Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
62146168 | shares |
| us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
59594289 | shares | |
| CY2017Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
62146168 | shares |
| us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
59594289 | shares | |
| CY2017Q3 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
57374 | USD |
| us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
760363 | USD | |
| CY2017Q3 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
-2947842 | USD |
| us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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|
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| CY2017Q3 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
-17517 | USD |
| us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
647074 | USD | |
| CY2017Q3 | us-gaap |
Comprehensive Income Net Of Tax
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|
-2965359 | USD |
| us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-3900036 | USD | |
| us-gaap |
Share Based Compensation
ShareBasedCompensation
|
202501 | USD | |
| us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
103040 | USD | |
| us-gaap |
Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
|
-683195 | USD | |
| us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
42891 | USD | |
| us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
34582490 | USD | |
| us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
159240 | USD | |
| ssc |
Increase Decrease In Licensed Content
IncreaseDecreaseInLicensedContent
|
-759698 | USD | |
| us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
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| us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
29792542 | USD | |
| us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-867504 | USD | |
| us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
-1139357 | USD | |
| us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-6187745 | USD | |
| us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
46260 | USD | |
| us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
2450044 | USD | |
| us-gaap |
Proceeds From Divestiture Of Businesses Net Of Cash Divested
ProceedsFromDivestitureOfBusinessesNetOfCashDivested
|
-8751 | USD | |
| us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
26857 | USD | |
| us-gaap |
Payments For Proceeds From Investments
PaymentsForProceedsFromInvestments
|
250000 | USD | |
| us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
2118176 | USD | |
| us-gaap |
Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
|
682364 | USD | |
| us-gaap |
Proceeds From Issuance Of Preferred Stock Preference Stock And Warrants
ProceedsFromIssuanceOfPreferredStockPreferenceStockAndWarrants
|
2607974 | USD | |
| us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
1925610 | USD | |
| us-gaap |
Effect Of Exchange Rate On Cash And Cash Equivalents Continuing Operations
EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations
|
62078 | USD | |
| us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
-2081881 | USD | |
| CY2016Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
3761814 | USD |
| CY2017Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
1679933 | USD |
| ssc |
Exchange Of Series E Preferred Stock For Common Stock
ExchangeOfSeriesEPreferredStockForCommonStock
|
7155 | USD | |
| us-gaap |
Interest Paid Net
InterestPaidNet
|
0 | USD | |
| us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
0 | USD |
