2014 Q4 Form 10-Q Financial Statement

#000110465914078971 Filed on November 10, 2014

View on sec.gov

Income Statement

Concept 2014 Q4 2014 Q3 2013 Q3
Revenue $16.00K $21.00K $0.00
YoY Change -23.81% -100.0%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $5.920M $3.810M $1.580M
YoY Change 138.71% 141.14% 135.82%
% of Gross Profit
Research & Development $20.04M $15.95M $7.738M
YoY Change 106.81% 106.14% 157.93%
% of Gross Profit
Depreciation & Amortization $130.0K $100.0K $40.00K
YoY Change 333.33% 150.0% 33.33%
% of Gross Profit
Operating Expenses $25.96M $19.77M $9.321M
YoY Change 113.31% 112.05% 154.05%
Operating Profit -$25.94M -$19.74M -$9.321M
YoY Change 113.55% 111.82% 156.42%
Interest Expense $40.00K $20.00K $0.00
YoY Change
% of Operating Profit
Other Income/Expense, Net $14.00K $20.00K
YoY Change 600.0%
Pretax Income -$25.93M -$19.72M -$9.320M
YoY Change 113.42% 111.59% 156.04%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$25.93M -$19.72M -$9.320M
YoY Change 113.4% 111.63% 156.04%
Net Earnings / Revenue -162050.0% -93923.81%
Basic Earnings Per Share
Diluted Earnings Per Share -$793.2K -$605.7K -$3.669M
COMMON SHARES
Basic Shares Outstanding 32.70M shares 32.67M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2014 Q4 2014 Q3 2013 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $205.7M $227.1M $52.90M
YoY Change 31.86% 329.3%
Cash & Equivalents $150.6M $227.1M $52.93M
Short-Term Investments $55.10M
Other Short-Term Assets $2.000M $4.200M $700.0K
YoY Change 0.0% 500.0%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $207.8M $231.3M $53.60M
YoY Change 31.52% 331.62%
LONG-TERM ASSETS
Property, Plant & Equipment $2.754M $2.734M $200.0K
YoY Change 1047.5% 1267.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $8.700M
YoY Change
Other Assets $774.0K $675.0K $2.100M
YoY Change 2480.0% -67.86%
Total Long-Term Assets $12.59M $3.809M $2.300M
YoY Change 4561.48% 65.61%
TOTAL ASSETS
Total Short-Term Assets $207.8M $231.3M $53.60M
Total Long-Term Assets $12.59M $3.809M $2.300M
Total Assets $220.3M $235.2M $55.90M
YoY Change 39.25% 320.67%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $6.288M $2.102M $1.700M
YoY Change 261.38% 23.65%
Accrued Expenses $5.825M $3.649M $1.900M
YoY Change 398.72% 92.05%
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 $12.30M $6.234M $4.000M
YoY Change 273.66% 55.85%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $1.200M $1.100M
YoY Change
Total Long-Term Liabilities $1.200M $1.100M $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $12.30M $6.234M $4.000M
Total Long-Term Liabilities $1.200M $1.100M $0.00
Total Liabilities $13.54M $7.351M $4.000M
YoY Change 311.39% 83.78%
SHAREHOLDERS EQUITY
Retained Earnings -$138.3M
YoY Change 121.11%
Common Stock $345.2M $3.000K
YoY Change 11505533.33%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $206.8M $227.8M $51.90M
YoY Change
Total Liabilities & Shareholders Equity $220.3M $235.2M $55.90M
YoY Change 39.25% 320.67%

Cashflow Statement

Concept 2014 Q4 2014 Q3 2013 Q3
OPERATING ACTIVITIES
Net Income -$25.93M -$19.72M -$9.320M
YoY Change 113.4% 111.63% 156.04%
Depreciation, Depletion And Amortization $130.0K $100.0K $40.00K
YoY Change 333.33% 150.0% 33.33%
Cash From Operating Activities -$12.77M -$16.23M -$8.900M
YoY Change 26.69% 82.36% 145.18%
INVESTING ACTIVITIES
Capital Expenditures -$90.00K -$2.290M -$30.00K
YoY Change 200.0% 7533.33% 0.0%
Acquisitions
YoY Change
Other Investing Activities -$63.80M $0.00
YoY Change
Cash From Investing Activities -$63.89M -$2.290M -$30.00K
YoY Change 212866.67% 7533.33% 0.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $112.8M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 150.0K 113.3M 44.18M
YoY Change -99.87% 156.54% 1667.2%
NET CHANGE
Cash From Operating Activities -12.77M -16.23M -8.900M
Cash From Investing Activities -63.89M -2.290M -30.00K
Cash From Financing Activities 150.0K 113.3M 44.18M
Net Change In Cash -76.51M 94.82M 35.25M
YoY Change -174.25% 168.99% -3138.79%
FREE CASH FLOW
Cash From Operating Activities -$12.77M -$16.23M -$8.900M
Capital Expenditures -$90.00K -$2.290M -$30.00K
Free Cash Flow -$12.68M -$13.94M -$8.870M
YoY Change 26.17% 57.16% 146.39%

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