$ISCO
International Stem Cell CORP

2016 Q2 Form 10-Q Financial Statement

#000156459016024324 Filed on August 15, 2016

View on sec.gov

Income Statement

Concept 2016 Q2 2015 Q2
Revenue $1.916M $1.815M
YoY Change 5.56% 14.29%
Cost Of Revenue $506.0K $516.0K
YoY Change -1.94% 26.16%
Gross Profit $1.410M $1.299M
YoY Change 8.55% 10.18%
Gross Profit Margin 73.59% 71.57%
Selling, General & Admin $1.807M $1.669M
YoY Change 8.27% -17.01%
% of Gross Profit 128.16% 128.48%
Research & Development $852.0K $567.0K
YoY Change 50.26% -59.82%
% of Gross Profit 60.43% 43.65%
Depreciation & Amortization $49.00K $95.00K
YoY Change -48.42% -5.94%
% of Gross Profit 3.48% 7.31%
Operating Expenses $2.659M $2.236M
YoY Change 18.92% -34.66%
Operating Profit -$1.249M -$937.0K
YoY Change 33.3% -58.23%
Interest Expense $1.000K $2.000K
YoY Change -50.0% 100.0%
% of Operating Profit
Other Income/Expense, Net $12.17M $1.660M
YoY Change 633.01% -176.6%
Pretax Income $10.92M $723.0K
YoY Change 1410.24% -116.39%
Income Tax $0.00
% Of Pretax Income 0.0%
Net Earnings $10.92M $723.0K
YoY Change 1410.37% -116.39%
Net Earnings / Revenue 569.94% 39.83%
Basic Earnings Per Share $3.76 $0.40
Diluted Earnings Per Share $0.26 -$0.52
COMMON SHARES
Basic Shares Outstanding 2.903M 1.800M
Diluted Shares Outstanding 5.742M 1.881M

Balance Sheet

Concept 2016 Q2 2015 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $770.0K $550.0K
YoY Change 40.0% -26.67%
Cash & Equivalents $768.0K $550.0K
Short-Term Investments
Other Short-Term Assets $670.0K $620.0K
YoY Change 8.06% 5.08%
Inventory $1.370M $1.760M
Prepaid Expenses
Receivables $520.0K $360.0K
Other Receivables $0.00 $0.00
Total Short-Term Assets $3.320M $3.300M
YoY Change 0.61% 2.71%
LONG-TERM ASSETS
Property, Plant & Equipment $431.0K $550.0K
YoY Change -21.64% -35.06%
Goodwill
YoY Change
Intangibles $3.520M
YoY Change
Long-Term Investments
YoY Change
Other Assets $590.0K $60.00K
YoY Change 883.33% 100.0%
Total Long-Term Assets $4.540M $3.590M
YoY Change 26.46% 5.53%
TOTAL ASSETS
Total Short-Term Assets $3.320M $3.300M
Total Long-Term Assets $4.540M $3.590M
Total Assets $7.860M $6.890M
YoY Change 14.08% 4.16%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $740.0K $580.0K
YoY Change 27.59% -27.32%
Accrued Expenses $680.0K $1.310M
YoY Change -48.09% 36.46%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $8.840M $6.080M
YoY Change 45.39% 198.19%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $8.840M $6.080M
Total Long-Term Liabilities $0.00 $0.00
Total Liabilities $8.840M $6.080M
YoY Change 45.39% 198.04%
SHAREHOLDERS EQUITY
Retained Earnings -$95.31M
YoY Change 8.17%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$980.0K $805.0K
YoY Change
Total Liabilities & Shareholders Equity $7.860M $6.885M
YoY Change 14.16% 4.08%

Cashflow Statement

Concept 2016 Q2 2015 Q2
OPERATING ACTIVITIES
Net Income $10.92M $723.0K
YoY Change 1410.37% -116.39%
Depreciation, Depletion And Amortization $49.00K $95.00K
YoY Change -48.42% -5.94%
Cash From Operating Activities -$860.0K -$2.130M
YoY Change -59.62% 60.15%
INVESTING ACTIVITIES
Capital Expenditures -$310.0K -$190.0K
YoY Change 63.16% -52.5%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00
YoY Change
Cash From Investing Activities -$310.0K -$190.0K
YoY Change 63.16% -52.5%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 400.0K 2.260M
YoY Change -82.3% 52.7%
NET CHANGE
Cash From Operating Activities -860.0K -2.130M
Cash From Investing Activities -310.0K -190.0K
Cash From Financing Activities 400.0K 2.260M
Net Change In Cash -770.0K -60.00K
YoY Change 1183.33% -76.0%
FREE CASH FLOW
Cash From Operating Activities -$860.0K -$2.130M
Capital Expenditures -$310.0K -$190.0K
Free Cash Flow -$550.0K -$1.940M
YoY Change -71.65% 108.6%

Facts In Submission

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P5Y
CY2013Q1 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
16667
CY2013Q1 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
33334
CY2013Q1 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
30.00
CY2014Q4 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
850058
CY2015 isco Warrant Exercised
WarrantExercised
517035
CY2015 isco Warrant Forfeited Or Cancelled
WarrantForfeitedOrCancelled
206815
CY2015 isco Class Of Warrants Or Rights Adjustments During Period Rounded Due To Reverse Stock Split
ClassOfWarrantsOrRightsAdjustmentsDuringPeriodRoundedDueToReverseStockSplit
-2
CY2015Q4 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
126206
isco Warrant Issued
WarrantIssued
11159995
isco Warrant Exercised
WarrantExercised
286972
CY2015Q2 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
69000
us-gaap Lease And Rental Expense
LeaseAndRentalExpense
145000
us-gaap Lease And Rental Expense
LeaseAndRentalExpense
142000
CY2016Q2 us-gaap Operating Leases Future Minimum Payments Remainder Of Fiscal Year
OperatingLeasesFutureMinimumPaymentsRemainderOfFiscalYear
160000
CY2016Q2 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
168000
CY2016Q2 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
138000
CY2016Q2 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
134000
CY2016Q2 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
134000
CY2016Q2 isco Operating Leases Future Minimum Payments Due In Four Years And Thereafter
OperatingLeasesFutureMinimumPaymentsDueInFourYearsAndThereafter
345000
CY2016Q2 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
1079000

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