2016 Q3 Form 10-Q Financial Statement

#000114420416118763 Filed on August 12, 2016

View on sec.gov

Income Statement

Concept 2016 Q3 2016 Q2 2015 Q2
Revenue $439.3K $322.1K $1.199M
YoY Change -50.95% -73.14% 113.91%
Cost Of Revenue $737.9K $298.9K $1.056M
YoY Change -12.4% -71.7% 85.18%
Gross Profit -$298.7K $23.18K $142.9K
YoY Change -662.83% -83.78% -1556.96%
Gross Profit Margin -67.99% 7.2% 11.92%
Selling, General & Admin $1.404M $1.294M $1.340M
YoY Change 10.87% -3.4% 36.72%
% of Gross Profit 5583.04% 937.44%
Research & Development $1.231M $1.203M $1.100M
YoY Change -28.29% 9.35% 70.51%
% of Gross Profit 5190.81% 770.02%
Depreciation & Amortization $110.0K $90.00K $50.00K
YoY Change 83.33% 80.0% 400.0%
% of Gross Profit 388.28% 34.99%
Operating Expenses $2.635M $2.497M $2.440M
YoY Change -11.67% 2.35% 50.14%
Operating Profit -$2.934M -$2.474M -$2.297M
YoY Change 0.12% 7.71% 40.5%
Interest Expense $10.00K $10.00K $0.00
YoY Change 0.0% -100.0%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$2.920M -$2.470M -$2.290M
YoY Change 0.0% 7.86% 40.49%
Income Tax
% Of Pretax Income
Net Earnings -$2.922M -$2.467M -$2.292M
YoY Change 0.14% 7.64% 40.85%
Net Earnings / Revenue -665.26% -766.02% -191.19%
Basic Earnings Per Share
Diluted Earnings Per Share -$3.074M -$2.600M -$2.827M
COMMON SHARES
Basic Shares Outstanding 9.558M shares 7.085M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2016 Q3 2016 Q2 2015 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $6.810M $9.550M $19.97M
YoY Change -60.7% -52.18% 79.1%
Cash & Equivalents $6.813M $9.552M $19.97M
Short-Term Investments
Other Short-Term Assets $150.0K $240.0K $290.0K
YoY Change -11.76% -17.24% 70.59%
Inventory $1.260M $1.260M $670.0K
Prepaid Expenses
Receivables $450.0K $410.0K $760.0K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $8.680M $11.46M $21.68M
YoY Change -54.01% -47.14% 81.12%
LONG-TERM ASSETS
Property, Plant & Equipment $1.010M $1.070M $620.0K
YoY Change 18.23% 72.58% 100.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $20.00K $20.00K $17.92K
YoY Change 11.61% 11.61% -55.2%
Total Long-Term Assets $2.930M $2.940M $1.725M
YoY Change 35.63% 70.42% 43.76%
TOTAL ASSETS
Total Short-Term Assets $8.680M $11.46M $21.68M
Total Long-Term Assets $2.930M $2.940M $1.725M
Total Assets $11.61M $14.40M $23.41M
YoY Change -44.81% -38.47% 77.72%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $610.0K $1.100M $1.150M
YoY Change -41.0% -4.35% 238.24%
Accrued Expenses $1.080M $830.0K $880.0K
YoY Change -1.22% -5.68% 49.15%
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 $1.690M $1.940M $2.040M
YoY Change -20.55% -4.9% 119.35%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $260.0K $260.0K
YoY Change
Total Long-Term Liabilities $260.0K $261.9K $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $1.690M $1.940M $2.040M
Total Long-Term Liabilities $260.0K $261.9K $0.00
Total Liabilities $1.960M $2.198M $2.040M
YoY Change -7.98% 7.75% 119.35%
SHAREHOLDERS EQUITY
Retained Earnings -$39.36M -$28.14M
YoY Change 39.89%
Common Stock $9.558K $9.345K
YoY Change 2.28%
Preferred Stock
YoY Change
Treasury Stock (at cost) $2.657K $2.657K
YoY Change 0.0%
Treasury Stock Shares
Shareholders Equity $9.650M $12.20M $21.37M
YoY Change
Total Liabilities & Shareholders Equity $11.61M $14.40M $23.41M
YoY Change -44.81% -38.48% 77.72%

Cashflow Statement

Concept 2016 Q3 2016 Q2 2015 Q2
OPERATING ACTIVITIES
Net Income -$2.922M -$2.467M -$2.292M
YoY Change 0.14% 7.64% 40.85%
Depreciation, Depletion And Amortization $110.0K $90.00K $50.00K
YoY Change 83.33% 80.0% 400.0%
Cash From Operating Activities -$2.610M -$2.430M -$1.890M
YoY Change 17.57% 28.57% 92.86%
INVESTING ACTIVITIES
Capital Expenditures -$130.0K -$300.0K -$300.0K
YoY Change -74.0% 0.0% -3.23%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$130.0K -$300.0K -$300.0K
YoY Change -74.0% 0.0% -3.23%
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 0.000 15.99M
YoY Change -100.0% -100.0%
NET CHANGE
Cash From Operating Activities -2.610M -2.430M -1.890M
Cash From Investing Activities -130.0K -300.0K -300.0K
Cash From Financing Activities 0.000 0.000 15.99M
Net Change In Cash -2.740M -2.730M 13.80M
YoY Change 4.18% -119.78% -1169.77%
FREE CASH FLOW
Cash From Operating Activities -$2.610M -$2.430M -$1.890M
Capital Expenditures -$130.0K -$300.0K -$300.0K
Free Cash Flow -$2.480M -$2.130M -$1.590M
YoY Change 44.19% 33.96% 137.31%

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