2013 Q3 Form 10-Q Financial Statement

#000121465913004523 Filed on August 12, 2013

View on sec.gov

Income Statement

Concept 2013 Q3 2013 Q2 2012 Q2
Revenue $979.3K $976.9K $1.514M
YoY Change -42.66% -35.47% 7.37%
Cost Of Revenue $235.3K $247.0K $196.7K
YoY Change -16.11% 25.59% -14.49%
Gross Profit $744.0K $729.9K $1.317M
YoY Change -47.88% -44.59% 11.63%
Gross Profit Margin 75.97% 74.72% 87.01%
Selling, General & Admin $1.136M $1.103M $526.2K
YoY Change 47.91% 109.62% 25.29%
% of Gross Profit 152.75% 151.12% 39.95%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $66.41K $60.56K $21.55K
YoY Change 56.05% 181.0% 7.77%
% of Gross Profit 8.93% 8.3% 1.64%
Operating Expenses $1.136M $1.103M $526.2K
YoY Change 47.91% 109.62% 16.94%
Operating Profit -$459.4K -$433.7K $769.4K
YoY Change -174.51% -156.37% 5.4%
Interest Expense $42.41K
YoY Change -206.02%
% of Operating Profit 5.51%
Other Income/Expense, Net -$1.923K $9.132K -$40.02K
YoY Change -95.07% -122.82%
Pretax Income -$456.9K -$224.1K $729.4K
YoY Change -179.1% -130.72% 4.2%
Income Tax -$185.4K -$90.93K
% Of Pretax Income
Net Earnings -$271.5K -$133.2K $729.4K
YoY Change -147.01% -118.26% 4.2%
Net Earnings / Revenue -27.72% -13.63% 48.18%
Basic Earnings Per Share
Diluted Earnings Per Share -$341.8K -$164.6K
COMMON SHARES
Basic Shares Outstanding 6.318M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2013 Q3 2013 Q2 2012 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $19.81M $20.39M $2.070M
YoY Change 821.4% 885.02%
Cash & Equivalents $19.81M $20.14M $1.823M
Short-Term Investments $0.00 $250.0K $250.0K
Other Short-Term Assets $140.0K $170.0K $30.00K
YoY Change 366.67% 466.67%
Inventory
Prepaid Expenses $143.5K $173.8K
Receivables $594.1K $447.1K $1.490M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $20.55M $21.01M $3.590M
YoY Change 432.27% 485.14%
LONG-TERM ASSETS
Property, Plant & Equipment $52.46K $57.59K $20.00K
YoY Change 162.29% 187.95%
Goodwill $735.3K $635.7K
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $100.0K $20.00K $620.0K
YoY Change -84.62% -96.77%
Total Long-Term Assets $1.659M $1.468M $1.520M
YoY Change 3.7% -3.45%
TOTAL ASSETS
Total Short-Term Assets $20.55M $21.01M $3.590M
Total Long-Term Assets $1.659M $1.468M $1.520M
Total Assets $22.20M $22.47M $5.110M
YoY Change 306.68% 339.81%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $206.8K $254.7K $320.0K
YoY Change -31.06% -20.4%
Accrued Expenses $185.9K $116.7K
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.144M $1.041M $320.0K
YoY Change 281.47% 225.42%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $1.480M
YoY Change -100.0% -100.0%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00 $1.480M
YoY Change -100.0% -100.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.144M $1.041M $320.0K
Total Long-Term Liabilities $0.00 $0.00 $1.480M
Total Liabilities $1.144M $1.146M $1.810M
YoY Change -35.71% -36.68%
SHAREHOLDERS EQUITY
Retained Earnings -$886.5K -$615.0K
YoY Change
Common Stock $63.18K $63.18K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $21.06M $21.33M $3.300M
YoY Change
Total Liabilities & Shareholders Equity $22.20M $22.47M $5.110M
YoY Change 306.68% 339.81%

Cashflow Statement

Concept 2013 Q3 2013 Q2 2012 Q2
OPERATING ACTIVITIES
Net Income -$271.5K -$133.2K $729.4K
YoY Change -147.01% -118.26% 4.2%
Depreciation, Depletion And Amortization $66.41K $60.56K $21.55K
YoY Change 56.05% 181.0% 7.77%
Cash From Operating Activities -$360.0K -$30.00K $480.0K
YoY Change -180.0% -106.25% 26.32%
INVESTING ACTIVITIES
Capital Expenditures -$210.0K -$280.0K -$20.00K
YoY Change 133.33% 1300.0% -33.33%
Acquisitions
YoY Change
Other Investing Activities $240.0K $0.00 $150.0K
YoY Change -100.0% -188.24%
Cash From Investing Activities $30.00K -$280.0K $130.0K
YoY Change -133.33% -315.38% -161.9%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 0.000 -50.00K -910.0K
YoY Change -100.0% -94.51% 333.33%
NET CHANGE
Cash From Operating Activities -360.0K -30.00K 480.0K
Cash From Investing Activities 30.00K -280.0K 130.0K
Cash From Financing Activities 0.000 -50.00K -910.0K
Net Change In Cash -330.0K -360.0K -300.0K
YoY Change -512.5% 20.0% 650.0%
FREE CASH FLOW
Cash From Operating Activities -$360.0K -$30.00K $480.0K
Capital Expenditures -$210.0K -$280.0K -$20.00K
Free Cash Flow -$150.0K $250.0K $500.0K
YoY Change -127.78% -50.0% 21.95%

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OtherNoncashExpense
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us-gaap Proceeds From Issuance Initial Public Offering
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us-gaap Revenues
Revenues
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us-gaap Revenues
Revenues
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Revenues
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CY2012Q2 us-gaap Revenues
Revenues
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us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
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us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
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CY2013Q2 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
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CY2012Q2 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
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SecurityDeposit
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us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
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us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
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CY2013Q2 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
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CY2012Q2 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
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CY2012Q4 us-gaap Stockholders Equity
StockholdersEquity
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CY2013Q2 us-gaap Stockholders Equity
StockholdersEquity
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us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
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us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
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CY2013Q2 us-gaap Stock Repurchase Program Authorized Amount
StockRepurchaseProgramAuthorizedAmount
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CY2012Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
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CY2013Q2 us-gaap Taxes Payable Current
TaxesPayableCurrent
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us-gaap Use Of Estimates
UseOfEstimates
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us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
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us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
3487847 shares
CY2013Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
6318227 shares
CY2012Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
3487847 shares

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