2018 Q2 Form 10-Q Financial Statement

#000156459018011136 Filed on May 07, 2018

View on sec.gov

Income Statement

Concept 2018 Q2 2018 Q1 2017 Q1
Revenue $0.00 $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $920.0K $760.0K $150.0K
YoY Change 240.74% 406.67%
% of Gross Profit
Research & Development $1.525M $1.520M $319.0K
YoY Change 241.93% 376.49%
% of Gross Profit
Depreciation & Amortization $23.00K $18.00K $1.000K
YoY Change 666.67% 1700.0%
% of Gross Profit
Operating Expenses $2.449M $2.277M $465.0K
YoY Change 242.52% 389.68%
Operating Profit -$2.449M -$2.277M -$465.0K
YoY Change 242.52% 389.68%
Interest Expense $170.0K $130.0K -$30.00K
YoY Change -525.0% -533.33%
% of Operating Profit
Other Income/Expense, Net $173.0K $127.0K -$29.00K
YoY Change -493.18% -537.93%
Pretax Income -$2.280M -$2.150M -$490.0K
YoY Change 200.0% 338.78%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$2.276M -$2.150M -$494.0K
YoY Change 199.87% 335.22%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share -$221.1K -$208.5K -$56.45K
COMMON SHARES
Basic Shares Outstanding 10.31M 10.31M
Diluted Shares Outstanding

Balance Sheet

Concept 2018 Q2 2018 Q1 2017 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $45.50M $47.20M $2.000M
YoY Change 1200.0% 2260.0%
Cash & Equivalents $41.81M $47.23M $1.923M
Short-Term Investments $3.600M
Other Short-Term Assets $300.0K $400.0K $200.0K
YoY Change -25.0% 100.0%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $45.70M $47.67M $2.100M
YoY Change 1071.79% 2169.95%
LONG-TERM ASSETS
Property, Plant & Equipment $300.0K $182.0K $0.00
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $64.00K
YoY Change
Total Long-Term Assets $330.0K $182.0K $100.0K
YoY Change 230.0% 82.0%
TOTAL ASSETS
Total Short-Term Assets $45.70M $47.67M $2.100M
Total Long-Term Assets $330.0K $182.0K $100.0K
Total Assets $46.03M $47.85M $2.200M
YoY Change 1050.75% 2075.05%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $214.0K $89.00K $100.0K
YoY Change -28.67% -11.0%
Accrued Expenses $500.0K $300.0K $0.00
YoY Change 25.0%
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 $759.0K $452.0K $100.0K
YoY Change -84.19% 352.0%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $2.100M
YoY Change -100.0%
Other Long-Term Liabilities $0.00
YoY Change
Total Long-Term Liabilities $0.00 $0.00 $2.100M
YoY Change -100.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $759.0K $452.0K $100.0K
Total Long-Term Liabilities $0.00 $0.00 $2.100M
Total Liabilities $759.0K $452.0K $2.300M
YoY Change -84.19% -80.35%
SHAREHOLDERS EQUITY
Retained Earnings -$13.50M -$11.22M
YoY Change
Common Stock $0.00 $0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $45.27M $47.40M -$100.0K
YoY Change
Total Liabilities & Shareholders Equity $46.03M $47.85M $2.200M
YoY Change 1050.75% 2075.05%

Cashflow Statement

Concept 2018 Q2 2018 Q1 2017 Q1
OPERATING ACTIVITIES
Net Income -$2.276M -$2.150M -$494.0K
YoY Change 199.87% 335.22%
Depreciation, Depletion And Amortization $23.00K $18.00K $1.000K
YoY Change 666.67% 1700.0%
Cash From Operating Activities -$1.620M -$2.369M -$260.0K
YoY Change 295.12% 811.15%
INVESTING ACTIVITIES
Capital Expenditures -$100.0K $0.00 $7.000K
YoY Change 233.33% -100.0%
Acquisitions
YoY Change
Other Investing Activities -$3.700M
YoY Change
Cash From Investing Activities -$3.800M $0.00 -$10.00K
YoY Change 12566.67% -100.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $6.000K
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 0.000 6.000K 300.0K
YoY Change -100.0% -98.0% 200.0%
NET CHANGE
Cash From Operating Activities -1.620M -2.369M -260.0K
Cash From Investing Activities -3.800M 0.000 -10.00K
Cash From Financing Activities 0.000 6.000K 300.0K
Net Change In Cash -5.420M -2.363M 30.00K
YoY Change -447.44% -7976.67% -70.0%
FREE CASH FLOW
Cash From Operating Activities -$1.620M -$2.369M -$260.0K
Capital Expenditures -$100.0K $0.00 $7.000K
Free Cash Flow -$1.520M -$2.369M -$267.0K
YoY Change 300.0% 787.27%

Facts In Submission

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CY2018Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
2.46
CY2018Q1 krys Share Based Compensation Arrangement By Share Based Payment Award Options Vested Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedWeightedAverageExercisePrice
2.46
CY2017 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P9Y
CY2018Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P9Y1M6D
CY2018Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P8Y7M17D
CY2018Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P8Y7M17D
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
1224000
CY2018Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
1157000
CY2018Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
271000
CY2018Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
271000
CY2018Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
18000
CY2017Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
65000
CY2016Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
91000

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