2013 Q1 Form 10-Q Financial Statement

#000116169713000063 Filed on January 24, 2013

View on sec.gov

Income Statement

Concept 2013 Q1 2012 Q4 2011 Q4
Revenue
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $1.314K $2.332K $1.696K
YoY Change -17.1% 37.5% 182.67%
Operating Profit
YoY Change
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$1.314K -$2.332K -$1.696K
YoY Change -17.1% 37.5% 182.67%
Income Tax
% Of Pretax Income
Net Earnings -$1.314K -$2.332K -$1.696K
YoY Change -17.1% 37.5% 182.67%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share
COMMON SHARES
Basic Shares Outstanding 10.20M 10.20M 10.20M
Diluted Shares Outstanding

Balance Sheet

Concept 2013 Q1 2012 Q4 2011 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $559.00 $602.00 $8.206K
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $559.00 $602.00 $8.206K
YoY Change -88.65% -92.66%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $0.00 $0.00 $0.00
YoY Change
TOTAL ASSETS
Total Short-Term Assets $559.00 $602.00 $8.206K
Total Long-Term Assets $0.00 $0.00 $0.00
Total Assets $559.00 $602.00 $8.206K
YoY Change -88.65% -92.66%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $105.00 $3.984K
YoY Change
Accrued Expenses $750.00 $600.00
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities
Total Long-Term Liabilities
Total Liabilities $7.855K $6.584K $1.696K
YoY Change 288.21%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$7.296K -$5.982K $6.510K
YoY Change
Total Liabilities & Shareholders Equity $559.00 $602.00 $8.206K
YoY Change -88.65% -92.66%

Cashflow Statement

Concept 2013 Q1 2012 Q4 2011 Q4
OPERATING ACTIVITIES
Net Income -$1.314K -$2.332K -$1.696K
YoY Change -17.1% 37.5% 182.67%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities -$451.00 -$2.400K
YoY Change -81.21% -17.24%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00 $0.00
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $1.000K
YoY Change
NET CHANGE
Cash From Operating Activities -$451.00 -$2.400K
Cash From Investing Activities
Cash From Financing Activities $1.000K
Net Change In Cash $549.00 -$2.400K
YoY Change -122.88% -17.24%
FREE CASH FLOW
Cash From Operating Activities -$451.00 -$2.400K
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

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<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <div> <div style="WIDTH: 720px"><!--StartFragment--> <p style="MARGIN: 0px"><strong>NOTE 1.&nbsp;&nbsp;GENERAL ORGANIZATION AND BUSINESS</strong></p> <p style="MARGIN: 0px"><br /> </p> <p style="MARGIN: 0px">mLight Tech, Inc. is a development stage company, incorporated in the State of Florida on September 3, 2010, to provide software solutions that simplify the management of networked personal computers. mLight plans to develop products to automate network inventory and reporting, diagramming and documentation, problem identification and resolution, and compliance.</p> <p style="MARGIN: 0px"><br /> </p> <p style="MARGIN: 0px">The Company&#39;s products are planned help design, discover, document and manage distributed personal computer networks. Through a combination of integrated functionality and powerful data management capability, mLight plans to create products to allow organizations to better manage their PC networks, thereby reducing their total cost of ownership. mLight products will be specifically targeted at small to medium size networks in medium to large companies.</p> <p style="MARGIN: 0px"><br /> </p> <p style="MARGIN: 0px">mLight Tech, Inc. is in the early stage of developing its business plan. The Company does not have any products, customers and has not generated any revenues. The Company must complete the business plan, develop the product and attract customers before it can start generating revenues.</p> <p style="MARGIN: 0px"><br /> </p> <p style="MARGIN: 0px">Through December 31, 2012 the Company was in the development stage and has not carried on any significant operations and has generated minimal revenues. The Company has incurred losses since inception aggregating $26,982. The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. These matters, among others, raise substantial doubt about the ability of the Company to continue as a going concern. These financial statements do not include any adjustments to the amounts and classification of assets and liabilities that may be necessary should the Company be unable to continue as a going concern.</p> <!--EndFragment--></div> </div>
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