2013 Q1 Form 10-Q Financial Statement

#000110465913037892 Filed on May 07, 2013

View on sec.gov

Income Statement

Concept 2013 Q1 2012 Q1
Revenue $0.00 $0.00
YoY Change -100.0%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $3.980M $2.530M
YoY Change 57.31% -22.39%
% of Gross Profit
Research & Development $10.33M $4.739M
YoY Change 118.06% -17.73%
% of Gross Profit
Depreciation & Amortization $148.0K $136.0K
YoY Change 8.82% 70.0%
% of Gross Profit
Operating Expenses $14.31M $7.264M
YoY Change 96.99% -19.47%
Operating Profit -$14.31M -$7.264M
YoY Change 96.99%
Interest Expense $643.0K $2.000K
YoY Change 32050.0% -99.62%
% of Operating Profit
Other Income/Expense, Net $2.000K $10.00K
YoY Change -80.0%
Pretax Income -$14.90M -$6.843M
YoY Change 117.73% -0.68%
Income Tax -$1.221M $2.000K
% Of Pretax Income
Net Earnings -$13.68M -$6.845M
YoY Change 99.82% -0.65%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share -$433.6K -$275.5K
COMMON SHARES
Basic Shares Outstanding 31.55M shares 24.86M shares
Diluted Shares Outstanding 31.55M shares 24.86M shares

Balance Sheet

Concept 2013 Q1 2012 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $81.60M $70.80M
YoY Change 15.25% -31.06%
Cash & Equivalents $79.43M $22.04M
Short-Term Investments $48.70M
Other Short-Term Assets $1.400M $200.0K
YoY Change 600.0% 0.0%
Inventory
Prepaid Expenses
Receivables $0.00
Other Receivables $0.00
Total Short-Term Assets $83.03M $71.00M
YoY Change 16.94% -31.13%
LONG-TERM ASSETS
Property, Plant & Equipment $1.681M $1.900M
YoY Change -11.53% 90.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $2.100M
YoY Change -4.55%
Other Assets $100.0K $100.0K
YoY Change 0.0%
Total Long-Term Assets $59.99M $62.30M
YoY Change -3.71% -28.72%
TOTAL ASSETS
Total Short-Term Assets $83.03M $71.00M
Total Long-Term Assets $59.99M $62.30M
Total Assets $143.0M $133.3M
YoY Change 7.29% -30.03%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $8.184M $2.900M
YoY Change 182.21% -6.45%
Accrued Expenses $5.329M $1.000M
YoY Change 432.9% 11.11%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $4.875M $100.0K
YoY Change 4775.0% 0.0%
Total Short-Term Liabilities $20.27M $4.100M
YoY Change 394.44% -10.87%
LONG-TERM LIABILITIES
Long-Term Debt $14.51M $100.0K
YoY Change 14411.0% 0.0%
Other Long-Term Liabilities $600.0K $900.0K
YoY Change -33.33%
Total Long-Term Liabilities $14.51M $1.000M
YoY Change 1351.1% 900.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $20.27M $4.100M
Total Long-Term Liabilities $14.51M $1.000M
Total Liabilities $35.41M $5.100M
YoY Change 594.33% 8.51%
SHAREHOLDERS EQUITY
Retained Earnings -$349.2M
YoY Change
Common Stock $316.0K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $107.6M $128.1M
YoY Change
Total Liabilities & Shareholders Equity $143.0M $133.3M
YoY Change 7.29% -30.03%

Cashflow Statement

Concept 2013 Q1 2012 Q1
OPERATING ACTIVITIES
Net Income -$13.68M -$6.845M
YoY Change 99.82% -0.65%
Depreciation, Depletion And Amortization $148.0K $136.0K
YoY Change 8.82% 70.0%
Cash From Operating Activities -$11.21M -$5.610M
YoY Change 99.82% 9.78%
INVESTING ACTIVITIES
Capital Expenditures $163.0K $66.00K
YoY Change 146.97% -760.0%
Acquisitions
YoY Change
Other Investing Activities $0.00 $12.91M
YoY Change -100.0% -21.76%
Cash From Investing Activities -$160.0K $12.84M
YoY Change -101.25% -22.13%
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 -30.00K
YoY Change -166.67% 50.0%
NET CHANGE
Cash From Operating Activities -11.21M -5.610M
Cash From Investing Activities -160.0K 12.84M
Cash From Financing Activities 20.00K -30.00K
Net Change In Cash -11.35M 7.200M
YoY Change -257.64% -36.62%
FREE CASH FLOW
Cash From Operating Activities -$11.21M -$5.610M
Capital Expenditures $163.0K $66.00K
Free Cash Flow -$11.37M -$5.676M
YoY Change 100.37% 11.29%

Facts In Submission

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IncreaseDecreaseInAccruedLiabilitiesAndDeferredRentCredit
1787000 USD
CY2011Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
14848000 USD
CY2013Q1 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
-11209000 USD
CY2012Q1 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
-5612000 USD
CY2013Q1 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-161000 USD
CY2012Q4 us-gaap Accrued Rent Noncurrent
AccruedRentNoncurrent
647000 USD
CY2012Q1 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
12841000 USD
CY2012Q4 us-gaap Capital Lease Obligations Noncurrent
CapitalLeaseObligationsNoncurrent
64000 USD
CY2013Q1 us-gaap Accretion Expense
AccretionExpense
49000 USD
CY2012Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-263000 USD
CY2012Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
545000 USD
CY2013Q1 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
22000 USD
CY2012Q1 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-34000 USD
CY2012Q1 insm Increase Decrease In Accrued Liabilities And Deferred Rent Credit
IncreaseDecreaseInAccruedLiabilitiesAndDeferredRentCredit
-609000 USD
CY2012Q1 insm Increase Decrease In Accrued Lease Expenses
IncreaseDecreaseInAccruedLeaseExpenses
-64000 USD
CY2012Q1 us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
-285000 USD
CY2012Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-757000 USD
CY2013Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
79434000 USD
CY2012Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
22043000 USD
CY2012Q1 us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
216000 USD
CY2013Q1 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
4000 USD
CY2012Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
4000 USD
CY2012Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
24860000 shares
CY2012Q1 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
216000 USD
CY2012Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-6629000 USD
CY2012Q4 us-gaap Other Finite Lived Intangible Assets Gross
OtherFiniteLivedIntangibleAssetsGross
58200000 USD
CY2012Q4 us-gaap Other Assets
OtherAssets
117000 USD
CY2012Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1666000 USD
CY2012Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
7060000 USD
CY2012Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
2933000 USD
CY2012Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
2207000 USD
CY2012Q4 us-gaap Accrued Rent Current
AccruedRentCurrent
295000 USD
CY2012Q4 us-gaap Deferred Rent Credit Current
DeferredRentCreditCurrent
149000 USD
CY2012Q4 us-gaap Capital Lease Obligations Current
CapitalLeaseObligationsCurrent
96000 USD
CY2012Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
3007000 USD
CY2012Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
16221000 USD
CY2012Q4 us-gaap Common Stock Value
CommonStockValue
315000 USD
CY2012Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
455325000 USD
CY2013Q1 us-gaap Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
790000 USD
CY2012Q4 us-gaap Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
790000 USD
CY2012Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-335548000 USD
CY2013Q1 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
329932 shares
CY2012Q4 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
329932 shares
CY2013Q1 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights
2.94
CY2012Q4 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights
2.94
CY2012Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
136000 USD
CY2012Q1 us-gaap Share Based Compensation
ShareBasedCompensation
495000 USD
CY2012Q1 us-gaap Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
12907000 USD
CY2012Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
2000 USD

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