2014 Q2 Form 10-Q Financial Statement

#000110465914036479 Filed on May 08, 2014

View on sec.gov

Income Statement

Concept 2014 Q2 2014 Q1 2013 Q1
Revenue $21.00K $171.0K $233.0K
YoY Change -84.21% -26.61% 585.29%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $3.310M $2.900M $880.0K
YoY Change 252.13% 229.55%
% of Gross Profit
Research & Development $13.16M $10.98M $4.965M
YoY Change 117.15% 121.13%
% of Gross Profit
Depreciation & Amortization $50.00K $40.00K $30.00K
YoY Change 25.0% 33.33%
% of Gross Profit
Operating Expenses $16.47M $13.88M $5.844M
YoY Change 135.17% 137.56% 45.48%
Operating Profit -$16.45M -$13.71M -$5.611M
YoY Change 139.42% 144.38% 40.87%
Interest Expense $20.00K $20.00K $0.00
YoY Change
% of Operating Profit
Other Income/Expense, Net $17.00K $18.00K
YoY Change 1600.0%
Pretax Income -$16.43M -$13.69M -$5.610M
YoY Change 139.16% 144.03%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$16.43M -$13.69M -$5.610M
YoY Change 139.17% 144.1%
Net Earnings / Revenue -78242.86% -8008.19% -2407.73%
Basic Earnings Per Share
Diluted Earnings Per Share -$553.9K -$462.3K -$203.3K
COMMON SHARES
Basic Shares Outstanding 29.76M shares 29.75M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2014 Q2 2014 Q1 2013 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $132.3M $144.9M
YoY Change 647.46%
Cash & Equivalents $132.3M $144.9M
Short-Term Investments
Other Short-Term Assets $3.000M $2.700M
YoY Change 500.0%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $135.3M $147.6M
YoY Change 643.31%
LONG-TERM ASSETS
Property, Plant & Equipment $604.0K $322.0K
YoY Change 101.33%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.392M $997.0K
YoY Change
Total Long-Term Assets $2.396M $1.719M
YoY Change 698.67%
TOTAL ASSETS
Total Short-Term Assets $135.3M $147.6M
Total Long-Term Assets $2.396M $1.719M
Total Assets $137.7M $149.3M
YoY Change 644.21%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.456M $3.273M
YoY Change 103.29%
Accrued Expenses $2.003M $1.550M
YoY Change 150.38%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $5.647M $5.015M
YoY Change 125.88%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $151.0K $170.0K
YoY Change
Total Long-Term Liabilities $151.0K $170.0K
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $5.647M $5.015M
Total Long-Term Liabilities $151.0K $170.0K
Total Liabilities $5.999M $5.185M
YoY Change 139.96%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $3.000K $3.000K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $131.7M $144.1M
YoY Change
Total Liabilities & Shareholders Equity $137.7M $149.3M
YoY Change 644.21%

Cashflow Statement

Concept 2014 Q2 2014 Q1 2013 Q1
OPERATING ACTIVITIES
Net Income -$16.43M -$13.69M -$5.610M
YoY Change 139.17% 144.1%
Depreciation, Depletion And Amortization $50.00K $40.00K $30.00K
YoY Change 25.0% 33.33%
Cash From Operating Activities -$11.88M -$10.57M -$5.160M
YoY Change 93.17% 104.84%
INVESTING ACTIVITIES
Capital Expenditures -$320.0K $125.0K $0.00
YoY Change
Acquisitions
YoY Change
Other Investing Activities $0.00 -$400.0K $0.00
YoY Change
Cash From Investing Activities -$320.0K -$530.0K $0.00
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -380.0K 10.00K 5.530M
YoY Change -101.65% -99.82%
NET CHANGE
Cash From Operating Activities -11.88M -10.57M -5.160M
Cash From Investing Activities -320.0K -530.0K 0.000
Cash From Financing Activities -380.0K 10.00K 5.530M
Net Change In Cash -12.58M -11.09M 370.0K
YoY Change -174.39% -3097.3%
FREE CASH FLOW
Cash From Operating Activities -$11.88M -$10.57M -$5.160M
Capital Expenditures -$320.0K $125.0K $0.00
Free Cash Flow -$11.56M -$10.70M -$5.160M
YoY Change 87.97% 107.27%

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