2017 Q4 Form 10-Q Financial Statement

#000112097017000032 Filed on October 31, 2017

View on sec.gov

Income Statement

Concept 2017 Q4 2017 Q3 2016 Q4
Revenue $30.71K $26.96K $423.6K
YoY Change -92.75% -97.62% -83.84%
Cost Of Revenue $1.000M $1.100M $1.200M
YoY Change -16.67% -9.84% -335.29%
Gross Profit -$712.6K -$838.9K -$580.7K
YoY Change 22.71% -406.31% -125.04%
Gross Profit Margin -2320.78% -3111.57% -137.08%
Selling, General & Admin $410.0K $570.0K $850.0K
YoY Change -51.76% -10.94% -48.8%
% of Gross Profit
Research & Development $350.0K $240.0K $530.0K
YoY Change -33.96% -59.32% -87.73%
% of Gross Profit
Depreciation & Amortization $930.0K $1.008M $1.250M
YoY Change -25.6% -21.74% -35.57%
% of Gross Profit
Operating Expenses $870.0K $970.0K $1.670M
YoY Change -47.9% -38.61% -80.87%
Operating Profit -$1.843M -$2.038M -$2.448M
YoY Change -24.7% 22.25% -56.32%
Interest Expense -$410.0K $442.6K -$150.0K
YoY Change 173.33% 167.9% -54.55%
% of Operating Profit
Other Income/Expense, Net -$120.0K -$458.6K -$1.270M
YoY Change -90.55% -12.78%
Pretax Income -$2.370M -$2.497M -$3.870M
YoY Change -38.76% 13.85% -34.74%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$2.372M -$2.497M -$3.865M
YoY Change -38.63% 13.85% -34.78%
Net Earnings / Revenue -7725.99% -9261.91% -912.44%
Basic Earnings Per Share -$0.05 -$0.06 -$0.10
Diluted Earnings Per Share -$0.05 -$0.06 -$0.10
COMMON SHARES
Basic Shares Outstanding 226.5M shares 43.60M shares 184.5M shares
Diluted Shares Outstanding 43.60M shares

Balance Sheet

Concept 2017 Q4 2017 Q3 2016 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.070M $2.300M $180.0K
YoY Change 1050.0% 411.11% -89.16%
Cash & Equivalents $2.067M $2.296M $184.4K
Short-Term Investments
Other Short-Term Assets $5.660M $5.810M $7.780M
YoY Change -27.25% -36.15% 255.25%
Inventory $0.00
Prepaid Expenses
Receivables $0.00
Other Receivables $0.00
Total Short-Term Assets $7.732M $8.113M $7.964M
YoY Change -2.92% -18.87% 40.99%
LONG-TERM ASSETS
Property, Plant & Equipment $12.78M $13.62M $15.15M
YoY Change -15.62% -14.44% -43.04%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $340.3K $285.3K $285.3K
YoY Change 19.26% 2277.85% 2277.85%
Total Long-Term Assets $23.23M $24.10M $25.88M
YoY Change -10.23% -8.17% -31.11%
TOTAL ASSETS
Total Short-Term Assets $7.732M $8.113M $7.964M
Total Long-Term Assets $23.23M $24.10M $25.88M
Total Assets $30.96M $32.21M $33.84M
YoY Change -8.51% -11.12% -21.68%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $321.3K $302.7K $804.6K
YoY Change -60.06% -62.9% -59.04%
Accrued Expenses $496.7K $710.6K $1.136M
YoY Change -56.28% -50.92% -30.72%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $291.5K $290.0K $483.7K
YoY Change -39.72% -94.79% -94.34%
Total Short-Term Liabilities $1.109M $1.300M $2.424M
YoY Change -54.23% -83.41% -80.04%
LONG-TERM LIABILITIES
Long-Term Debt $9.971M $10.28M $8.987M
YoY Change 10.96% 206.87% 88.79%
Other Long-Term Liabilities $600.2K $615.8K $662.3K
YoY Change -9.37% -9.16% -8.57%
Total Long-Term Liabilities $17.99M $18.30M $17.00M
YoY Change 5.81% 66.45% 38.1%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.109M $1.300M $2.424M
Total Long-Term Liabilities $17.99M $18.30M $17.00M
Total Liabilities $19.10M $19.60M $19.43M
YoY Change -1.69% 4.08% -20.56%
SHAREHOLDERS EQUITY
Retained Earnings -$222.6M -$220.2M -$212.0M
YoY Change 4.99% 5.8% 6.51%
Common Stock $31.46K $149.2K $123.5K
YoY Change -74.52% 22.75% 15.91%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $11.87M $12.61M $14.42M
YoY Change
Total Liabilities & Shareholders Equity $30.96M $32.21M $33.84M
YoY Change -8.51% -11.12% -21.68%

Cashflow Statement

Concept 2017 Q4 2017 Q3 2016 Q4
OPERATING ACTIVITIES
Net Income -$2.372M -$2.497M -$3.865M
YoY Change -38.63% 13.85% -34.78%
Depreciation, Depletion And Amortization $930.0K $1.008M $1.250M
YoY Change -25.6% -21.74% -35.57%
Cash From Operating Activities -$1.470M -$1.450M $640.0K
YoY Change -329.69% 2316.67% -118.66%
INVESTING ACTIVITIES
Capital Expenditures $0.00 -$10.00K -$600.0K
YoY Change -100.0% -109.09% -34.07%
Acquisitions
YoY Change
Other Investing Activities $200.0K $890.0K $10.00K
YoY Change 1900.0% -37.32% -98.41%
Cash From Investing Activities $200.0K $880.0K -$590.0K
YoY Change -133.9% -42.48% 110.71%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.050M 1.830M -310.0K
YoY Change -438.71% -198.92% -110.76%
NET CHANGE
Cash From Operating Activities -1.470M -1.450M 640.0K
Cash From Investing Activities 200.0K 880.0K -590.0K
Cash From Financing Activities 1.050M 1.830M -310.0K
Net Change In Cash -220.0K 1.260M -260.0K
YoY Change -15.38% -431.58% -68.67%
FREE CASH FLOW
Cash From Operating Activities -$1.470M -$1.450M $640.0K
Capital Expenditures $0.00 -$10.00K -$600.0K
Free Cash Flow -$1.470M -$1.440M $1.240M
YoY Change -218.55% 747.06% -149.21%

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CY2017Q3 us-gaap Liabilities
Liabilities
19595935 USD
CY2016Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
33843031 USD
CY2017Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
32210598 USD
CY2016Q4 us-gaap Liabilities Current
LiabilitiesCurrent
2424154 USD
CY2017Q3 us-gaap Liabilities Current
LiabilitiesCurrent
1300763 USD
CY2017Q3 us-gaap Liabilities Current
LiabilitiesCurrent
1300000 USD
CY2016Q4 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
17002288 USD
CY2017Q3 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
18295172 USD
CY2017Q3 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
7500000 USD
CY2016Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
8986626 USD
CY2017Q3 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
10277826 USD
CY2016Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
483669 USD
CY2017Q3 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
287417 USD
CY2016Q4 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
9470295 USD
CY2017Q3 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
10565243 USD
CY2015Q4 us-gaap Mine Reclamation And Closing Liability Noncurrent
MineReclamationAndClosingLiabilityNoncurrent
6827568 USD
CY2016Q4 us-gaap Mine Reclamation And Closing Liability Noncurrent
MineReclamationAndClosingLiabilityNoncurrent
7353346 USD
CY2017Q3 us-gaap Mine Reclamation And Closing Liability Noncurrent
MineReclamationAndClosingLiabilityNoncurrent
7401596 USD
CY2016Q4 us-gaap Mineral Properties Net
MineralPropertiesNet
7205081 USD
CY2017Q3 us-gaap Mineral Properties Net
MineralPropertiesNet
7205081 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-1128369 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
6385198 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
3146946 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
784958 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-3235194 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-5058437 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-5100000 USD
CY2016Q3 us-gaap Net Income Loss
NetIncomeLoss
-2193201 USD
us-gaap Net Income Loss
NetIncomeLoss
-9099380 USD
CY2017Q3 us-gaap Net Income Loss
NetIncomeLoss
-2497011 USD
us-gaap Net Income Loss
NetIncomeLoss
-8203913 USD
CY2016Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-525755 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-1333949 USD
CY2017Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-458571 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-1169137 USD
us-gaap Notes Reduction
NotesReduction
0 USD
us-gaap Notes Reduction
NotesReduction
231000 USD
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 segment
CY2016Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-1667446 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
-7765431 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
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CY2016Q4 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
321087 USD
CY2017Q3 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
372638 USD
CY2017Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-2038440 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
-7034776 USD
CY2016Q4 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
117850 USD
CY2017Q3 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
21095 USD
CY2016Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
285342 USD
CY2017Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
285342 USD
CY2016Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
662316 USD
CY2017Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
615750 USD
CY2016Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-360543 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-730642 USD
CY2017Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-15961 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
128409 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
0 USD
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
585703 USD
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
216116 USD
CY2016Q3 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
3200000 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
5796103 USD
CY2017Q3 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
9639 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
1807318 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
150325 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
126639 USD
CY2016Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
1885792 USD
CY2017Q3 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
372638 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
4180944 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
5861203 USD
us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
925000 USD
us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
9379446 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
3277011 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
911597 USD
CY2016Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
15148567 USD
CY2017Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
13618346 USD
us-gaap Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
5648610 USD
us-gaap Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
8639335 USD
CY2016Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
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CY2017Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-220232152 USD
CY2016Q3 us-gaap Revenue From Leased And Owned Hotels
RevenueFromLeasedAndOwnedHotels
28599 USD
us-gaap Revenue From Leased And Owned Hotels
RevenueFromLeasedAndOwnedHotels
101641 USD
CY2017Q3 us-gaap Revenue From Leased And Owned Hotels
RevenueFromLeasedAndOwnedHotels
26960 USD
us-gaap Revenue From Leased And Owned Hotels
RevenueFromLeasedAndOwnedHotels
73624 USD
CY2016Q3 us-gaap Revenues
Revenues
1134795 USD
us-gaap Revenues
Revenues
4646592 USD
CY2017Q3 us-gaap Revenues
Revenues
26960 USD
us-gaap Revenues
Revenues
73624 USD
us-gaap Stock Issued1
StockIssued1
4140029 USD
us-gaap Stock Issued1
StockIssued1
124920 USD
CY2017Q3 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
2513021 shares
CY2017Q3 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
482500 USD
CY2016Q4 us-gaap Stockholders Equity
StockholdersEquity
14416589 USD
CY2017Q3 us-gaap Stockholders Equity
StockholdersEquity
12614663 USD
CY2016Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
182134873 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
174173436 shares
CY2017Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
217990163 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
196902517 shares
CY2016Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
182134873 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
174173436 shares
CY2017Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
217990163 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
193902517 shares
us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Use of Estimates</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">&#160;</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In preparing financial statements in conformity with generally accepted accounting principles, we are required to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and revenues and expenditures during the reported periods. Actual results could differ materially from those estimates. Estimates may include those pertaining to valuation of plant and equipment, assets held for sale, mineral rights, deferred tax assets, derivative assets and liabilities, reclamation liabilities, stock-based compensation and payments, and contingent liabilities.</font></div></div>

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