2015 Q1 Form 10-Q Financial Statement

#000114420415026878 Filed on May 01, 2015

View on sec.gov

Income Statement

Concept 2015 Q1 2014 Q4 2014 Q1
Revenue $911.8K $900.0K $608.9K
YoY Change 49.74% 52.54% 13.95%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $250.0K $320.0K $180.0K
YoY Change 38.89% 10.34% 5.88%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.591K $0.00
YoY Change
% of Gross Profit
Operating Expenses $260.0K $320.0K $170.0K
YoY Change 52.94% 14.29% -5.56%
Operating Profit $475.6K $316.4K
YoY Change 50.32% 22.51%
Interest Expense -$180.0K -$180.0K -$120.0K
YoY Change 50.0% 50.0% 20.0%
% of Operating Profit -37.85% -37.93%
Other Income/Expense, Net $0.00 $0.00 $10.00K
YoY Change -100.0% -100.0% 0.0%
Pretax Income $475.6K $400.0K $323.3K
YoY Change 47.12% 166.67% 21.92%
Income Tax $0.00 $0.00 $115.0K
% Of Pretax Income 0.0% 0.0% 35.57%
Net Earnings $475.6K $400.0K $208.3K
YoY Change 128.36% 566.67% 20.29%
Net Earnings / Revenue 52.16% 44.44% 34.2%
Basic Earnings Per Share $0.08 $0.05
Diluted Earnings Per Share $0.08 $65.90K $0.05
COMMON SHARES
Basic Shares Outstanding 6.088M shares 6.060M shares 4.256M shares
Diluted Shares Outstanding 6.129M shares 4.287M shares

Balance Sheet

Concept 2015 Q1 2014 Q4 2014 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $260.0K $50.00K $0.00
YoY Change -95.1% -100.0%
Cash & Equivalents $256.3K $47.68K $931.00
Short-Term Investments
Other Short-Term Assets $52.30K $27.00K $34.29K
YoY Change 52.53% 45.6% -14.27%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $17.53M $19.43M $12.74M
YoY Change 37.63% 63.13% 32.44%
LONG-TERM ASSETS
Property, Plant & Equipment $17.50K $19.09K
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $70.00K $70.00K $210.0K
YoY Change -66.67% -66.67% -16.0%
Other Assets $12.50K $0.00 $17.50K
YoY Change -28.57% -56.25%
Total Long-Term Assets $6.976M $5.017M $3.295M
YoY Change 111.72% 19.03% -8.98%
TOTAL ASSETS
Total Short-Term Assets $17.53M $19.43M $12.74M
Total Long-Term Assets $6.976M $5.017M $3.295M
Total Assets $24.51M $24.44M $16.04M
YoY Change 52.85% 51.6% 21.11%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $70.00K $160.0K $20.00K
YoY Change 250.0% 166.67% -66.67%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $1.096M $2.469M $1.319M
YoY Change -16.96% 87.16% 13.75%
Long-Term Debt Due $9.320M $7.700M $5.300M
YoY Change 75.85% 43.93% 65.63%
Total Short-Term Liabilities $10.64M $10.58M $6.974M
YoY Change 52.57% 46.27% 50.95%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $10.64M $10.58M $6.974M
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $10.64M $10.58M $6.970M
YoY Change 52.65% 46.33% 50.87%
SHAREHOLDERS EQUITY
Retained Earnings $113.3K -$322.0K
YoY Change -123.24%
Common Stock $14.12M $9.753M
YoY Change 44.85%
Preferred Stock
YoY Change
Treasury Stock (at cost) $369.3K $369.3K
YoY Change 0.0%
Treasury Stock Shares 177.0K shares 177.0K shares 177.0K shares
Shareholders Equity $13.87M $13.87M $9.062M
YoY Change
Total Liabilities & Shareholders Equity $24.51M $24.44M $16.04M
YoY Change 52.85% 51.6% 21.11%

Cashflow Statement

Concept 2015 Q1 2014 Q4 2014 Q1
OPERATING ACTIVITIES
Net Income $475.6K $400.0K $208.3K
YoY Change 128.36% 566.67% 20.29%
Depreciation, Depletion And Amortization $1.591K $0.00
YoY Change
Cash From Operating Activities $280.0K $500.0K -$30.00K
YoY Change -1033.33% 108.33% 50.0%
INVESTING ACTIVITIES
Capital Expenditures $0.00 -$20.00K
YoY Change
Acquisitions
YoY Change
Other Investing Activities $270.0K -$880.0K -$880.0K
YoY Change -130.68% -223.94% -180.73%
Cash From Investing Activities $270.0K -$900.0K -$880.0K
YoY Change -130.68% -226.76% -180.73%
FINANCING ACTIVITIES
Cash Dividend Paid $486.7K $42.56K
YoY Change 1043.5%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -340.0K 400.0K -110.0K
YoY Change 209.09% 3900.0% -89.72%
NET CHANGE
Cash From Operating Activities 280.0K 500.0K -30.00K
Cash From Investing Activities 270.0K -900.0K -880.0K
Cash From Financing Activities -340.0K 400.0K -110.0K
Net Change In Cash 210.0K -0.00000000005821 -1.020M
YoY Change -120.59% -100.0%
FREE CASH FLOW
Cash From Operating Activities $280.0K $500.0K -$30.00K
Capital Expenditures $0.00 -$20.00K
Free Cash Flow $280.0K $520.0K
YoY Change

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Files In Submission

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