2014 Q3 Form 10-Q Financial Statement

#000114420414049353 Filed on August 13, 2014

View on sec.gov

Income Statement

Concept 2014 Q3 2013 Q2
Revenue $438.0K $650.3K
YoY Change -27.98% 491.17%
Cost Of Revenue $533.5K $690.5K
YoY Change -13.93% 667.21%
Gross Profit -$95.51K -$40.21K
YoY Change 717.34% -301.03%
Gross Profit Margin -21.8% -6.18%
Selling, General & Admin $1.074M $533.6K
YoY Change 87.99% 105.24%
% of Gross Profit
Research & Development $689.4K $330.2K
YoY Change 164.08% 65.1%
% of Gross Profit
Depreciation & Amortization $20.00K $0.00
YoY Change 100.0% -100.0%
% of Gross Profit
Operating Expenses $1.763M $863.8K
YoY Change 111.86% 83.79%
Operating Profit -$1.858M -$904.0K
YoY Change 120.24% 100.9%
Interest Expense $10.00K -$1.080M
YoY Change -100.76% 1700.0%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$1.850M -$1.990M
YoY Change -14.35% 298.0%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$1.852M -$1.987M
YoY Change -14.46% 297.49%
Net Earnings / Revenue -422.77% -305.63%
Basic Earnings Per Share
Diluted Earnings Per Share -$2.643M -$5.686M
COMMON SHARES
Basic Shares Outstanding 7.015M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2014 Q3 2013 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $9.730M $370.0K
YoY Change 3375.0%
Cash & Equivalents $9.730M $372.5K
Short-Term Investments
Other Short-Term Assets $110.0K $150.0K
YoY Change -76.6%
Inventory $343.9K $230.0K
Prepaid Expenses
Receivables $399.8K $630.0K
Other Receivables $0.00 $0.00
Total Short-Term Assets $10.58M $1.380M
YoY Change 403.84%
LONG-TERM ASSETS
Property, Plant & Equipment $331.2K $30.00K
YoY Change 728.05%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $35.84K
YoY Change
Total Long-Term Assets $1.279M $620.0K
YoY Change 96.82%
TOTAL ASSETS
Total Short-Term Assets $10.58M $1.380M
Total Long-Term Assets $1.279M $620.0K
Total Assets $11.86M $2.000M
YoY Change 331.27%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $429.4K $940.0K
YoY Change -70.18%
Accrued Expenses $741.8K $260.0K
YoY Change 80.93%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $3.390M
YoY Change
Total Short-Term Liabilities $1.171M $4.630M
YoY Change -82.15%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $1.170M
YoY Change -100.0%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $1.170M
YoY Change -100.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.171M $4.630M
Total Long-Term Liabilities $0.00 $1.170M
Total Liabilities $1.170M $5.800M
YoY Change -84.9%
SHAREHOLDERS EQUITY
Retained Earnings -$21.65M
YoY Change
Common Stock $7.022K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $2.657K
YoY Change
Treasury Stock Shares
Shareholders Equity $10.69M -$3.800M
YoY Change
Total Liabilities & Shareholders Equity $11.86M $2.000M
YoY Change 331.27%

Cashflow Statement

Concept 2014 Q3 2013 Q2
OPERATING ACTIVITIES
Net Income -$1.852M -$1.987M
YoY Change -14.46% 297.49%
Depreciation, Depletion And Amortization $20.00K $0.00
YoY Change 100.0% -100.0%
Cash From Operating Activities -$1.320M -$750.0K
YoY Change 100.0% 82.93%
INVESTING ACTIVITIES
Capital Expenditures -$100.0K -$70.00K
YoY Change 150.0% 250.0%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$100.0K -$70.00K
YoY Change 150.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 0.000 -20.00K
YoY Change -100.0% -104.65%
NET CHANGE
Cash From Operating Activities -1.320M -750.0K
Cash From Investing Activities -100.0K -70.00K
Cash From Financing Activities 0.000 -20.00K
Net Change In Cash -1.420M -840.0K
YoY Change 1477.78% -4300.0%
FREE CASH FLOW
Cash From Operating Activities -$1.320M -$750.0K
Capital Expenditures -$100.0K -$70.00K
Free Cash Flow -$1.220M -$680.0K
YoY Change 96.77% 74.36%

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