2012 Q4 Form 10-Q Financial Statement

#000114420412061606 Filed on November 13, 2012

View on sec.gov

Income Statement

Concept 2012 Q4 2012 Q3 2011 Q3
Revenue $4.662M $182.8K $179.1K
YoY Change 2576.91% 2.08%
Cost Of Revenue $3.850M $230.0K $220.0K
YoY Change 2038.89% 4.55%
Gross Profit $726.4K -$17.67K -$40.09K
YoY Change -1046.56% -55.93%
Gross Profit Margin 15.58% -9.66% -22.39%
Selling, General & Admin $2.940M $3.370M $1.280M
YoY Change 98.65% 163.28% 21.9%
% of Gross Profit 404.72%
Research & Development $3.680M $4.380M $2.260M
YoY Change 101.09% 93.81% 296.49%
% of Gross Profit 506.58%
Depreciation & Amortization $1.190M $321.4K $50.00K
YoY Change 693.33% 542.79% 66.67%
% of Gross Profit 163.81%
Operating Expenses $6.610M $7.760M $3.590M
YoY Change 91.04% 116.16% 116.27%
Operating Profit -$5.800M -$7.806M -$3.633M
YoY Change 67.12% 114.87%
Interest Expense $310.0K $332.3K $14.49K
YoY Change -67.37% 2192.58% -100.08%
% of Operating Profit
Other Income/Expense, Net $30.00K -$1.188M $1.658M
YoY Change 50.0% -171.65%
Pretax Income -$5.460M -$8.994M -$1.970M
YoY Change 118.4% 356.56% -90.19%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$5.455M -$8.994M -$1.974M
YoY Change 117.97% 355.54% -90.17%
Net Earnings / Revenue -117.02% -4920.44% -1102.59%
Basic Earnings Per Share -$0.13 -$0.24 -$0.12
Diluted Earnings Per Share -$0.13 -$0.24 -$0.12
COMMON SHARES
Basic Shares Outstanding 43.56M 41.56M shares 25.31M
Diluted Shares Outstanding 41.56M shares 25.31M

Balance Sheet

Concept 2012 Q4 2012 Q3 2011 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $5.970M $3.930M $15.91M
YoY Change -34.9% -75.3% 15810.0%
Cash & Equivalents $5.973M $3.188M $12.96M
Short-Term Investments $0.00 $740.0K $2.950M
Other Short-Term Assets $2.810M $860.0K $610.0K
YoY Change 52.72% 40.98% 577.78%
Inventory $662.9K $1.187M
Prepaid Expenses
Receivables $634.6K
Other Receivables $0.00
Total Short-Term Assets $14.36M $8.054M $16.51M
YoY Change 30.44% -51.22% 8589.47%
LONG-TERM ASSETS
Property, Plant & Equipment $20.49M $20.78M $8.970M
YoY Change 118.37% 131.66% 110.07%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $84.64K $145.3K $1.080M
YoY Change -48.63% -86.54% -3.57%
Total Long-Term Assets $33.50M $34.10M $10.06M
YoY Change 109.86% 238.95% 86.3%
TOTAL ASSETS
Total Short-Term Assets $14.36M $8.054M $16.51M
Total Long-Term Assets $33.50M $34.10M $10.06M
Total Assets $47.86M $42.15M $26.57M
YoY Change 77.45% 58.65% 375.31%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.536M $2.830M $1.610M
YoY Change 44.47% 75.78% -1.83%
Accrued Expenses $7.361M $7.130M $3.940M
YoY Change 77.3% 80.96% -46.76%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $7.721M $7.432M $50.00K
YoY Change 5484.84% 14763.2% -99.76%
Total Short-Term Liabilities $18.16M $18.78M $5.600M
YoY Change 200.44% 235.34% -81.46%
LONG-TERM LIABILITIES
Long-Term Debt $6.011M $6.651M $1.010M
YoY Change 362.79% 558.55% -32.67%
Other Long-Term Liabilities $700.0K $4.530M $3.400M
YoY Change 33.24% -87.04%
Total Long-Term Liabilities $11.31M $11.18M $4.410M
YoY Change 161.07% 153.48% -84.1%
TOTAL LIABILITIES
Total Short-Term Liabilities $18.16M $18.78M $5.600M
Total Long-Term Liabilities $11.31M $11.18M $4.410M
Total Liabilities $29.47M $29.96M $10.01M
YoY Change 184.01% 199.28% -82.72%
SHAREHOLDERS EQUITY
Retained Earnings -$157.6M -$152.2M
YoY Change 24.25%
Common Stock $32.28K $28.83K
YoY Change 67.18%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $18.39M $12.20M $16.56M
YoY Change
Total Liabilities & Shareholders Equity $47.86M $42.15M $26.57M
YoY Change 77.45% 58.65% 375.31%

Cashflow Statement

Concept 2012 Q4 2012 Q3 2011 Q3
OPERATING ACTIVITIES
Net Income -$5.455M -$8.994M -$1.974M
YoY Change 117.97% 355.54% -90.17%
Depreciation, Depletion And Amortization $1.190M $321.4K $50.00K
YoY Change 693.33% 542.79% 66.67%
Cash From Operating Activities -$4.640M -$7.640M -$3.530M
YoY Change 107.14% 116.43% 310.47%
INVESTING ACTIVITIES
Capital Expenditures -$690.0K -$4.390M -$2.020M
YoY Change -85.0% 117.33% 551.61%
Acquisitions
YoY Change
Other Investing Activities $450.0K $1.240M $2.200M
YoY Change -46.43% -43.64% -7433.33%
Cash From Investing Activities -$230.0K -$3.150M $180.0K
YoY Change -93.88% -1850.0% -154.55%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $9.300M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 7.670M 9.410M -10.00K
YoY Change -76800.0% -94200.0% -95.0%
NET CHANGE
Cash From Operating Activities -4.640M -7.640M -3.530M
Cash From Investing Activities -230.0K -3.150M 180.0K
Cash From Financing Activities 7.670M 9.410M -10.00K
Net Change In Cash 2.800M -1.380M -3.360M
YoY Change -146.59% -58.93% 141.73%
FREE CASH FLOW
Cash From Operating Activities -$4.640M -$7.640M -$3.530M
Capital Expenditures -$690.0K -$4.390M -$2.020M
Free Cash Flow -$3.950M -$3.250M -$1.510M
YoY Change -267.37% 115.23% 174.55%

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760957 USD
us-gaap Investment Income Interest
InvestmentIncomeInterest
16513 USD
CY2012Q3 us-gaap Investment Income Interest
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2171 USD
us-gaap Investment Income Interest
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CY2011Q3 us-gaap Investment Income Interest
InvestmentIncomeInterest
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us-gaap Issuance Of Stock And Warrants For Services Or Claims
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6510113 USD
CY2012Q3 us-gaap Liabilities
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CY2011Q4 us-gaap Liabilities And Stockholders Equity
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CY2012Q3 us-gaap Liabilities And Stockholders Equity
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CY2011Q4 us-gaap Liabilities Current
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6045036 USD
CY2012Q3 us-gaap Liabilities Current
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CY2011Q4 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
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CY2012Q3 us-gaap Liabilities Noncurrent
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CY2012Q3 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
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10000000 USD
CY2011Q4 us-gaap Long Term Debt
LongTermDebt
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CY2012Q3 us-gaap Long Term Debt
LongTermDebt
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CY2011Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
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CY2012Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
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CY2011Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
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CY2012Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
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CY2011Q4 us-gaap Machinery And Equipment Gross
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CY2012Q3 us-gaap Machinery And Equipment Gross
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CY2012Q3 us-gaap Mineral Properties Net
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CY2012Q3 us-gaap Mine Reclamation And Closing Liability Noncurrent
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CY2011Q3 us-gaap Mine Reclamation And Closing Liability Noncurrent
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CY2010Q4 us-gaap Mine Reclamation And Closing Liability Noncurrent
MineReclamationAndClosingLiabilityNoncurrent
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Net Income Loss
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CY2012Q3 us-gaap Net Income Loss
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us-gaap Net Income Loss
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CY2011Q3 us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Net Income Loss Available To Common Stockholders Basic
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-28607910 USD
CY2012Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
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us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-12689431 USD
CY2011Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
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us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-787207 USD
CY2012Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
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us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
2904577 USD
CY2011Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
1658394 USD
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2
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OperatingIncomeLoss
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us-gaap Operating Income Loss
OperatingIncomeLoss
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CY2011Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
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CY2011Q4 us-gaap Other Accrued Liabilities Current
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290070 USD
CY2012Q3 us-gaap Other Accrued Liabilities Current
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CY2011Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
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CY2012Q3 us-gaap Other Assets Noncurrent
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us-gaap Proceeds From Issuance Of Common Stock
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853370 USD
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OtherNonoperatingIncomeExpense
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CY2012Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
26370 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
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CY2011Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
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us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
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us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
100000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
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us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
463456 USD
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
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us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
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us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
2205000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
500000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
12679374 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
3202077 USD
us-gaap Preferred Stock Amount Of Preferred Dividends In Arrears
PreferredStockAmountOfPreferredDividendsInArrears
1100000 USD
us-gaap Preferred Stock Dividend Rate Percentage
PreferredStockDividendRatePercentage
0.075
us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
3300788 USD
CY2012Q3 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
1092513 USD
us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
3585929 USD
CY2011Q3 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
1156150 USD
us-gaap Preferred Stock Per Share Amounts Of Preferred Dividends In Arrears
PreferredStockPerShareAmountsOfPreferredDividendsInArrears
-0.03
CY2011Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
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us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
9702500 USD
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ProceedsFromIssuanceOfDebt
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us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
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us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
3664889 USD
us-gaap Professional Fees
ProfessionalFees
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CY2012Q3 us-gaap Professional Fees
ProfessionalFees
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us-gaap Professional Fees
ProfessionalFees
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CY2011Q3 us-gaap Professional Fees
ProfessionalFees
273461 USD
CY2011Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
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CY2012Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
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CY2011Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
9383723 USD
CY2012Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
20779865 USD
CY2011Q4 us-gaap Property Plant And Equipment Other
PropertyPlantAndEquipmentOther
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CY2012Q3 us-gaap Property Plant And Equipment Other
PropertyPlantAndEquipmentOther
13610648 USD
CY2011Q4 us-gaap Regulatory Liability Current
RegulatoryLiabilityCurrent
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CY2012Q3 us-gaap Regulatory Liability Current
RegulatoryLiabilityCurrent
2300000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
291759 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
769130 USD
CY2011Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
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CY2012Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
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us-gaap Revenue From Leased And Owned Hotels
RevenueFromLeasedAndOwnedHotels
477037 USD
CY2012Q3 us-gaap Revenue From Leased And Owned Hotels
RevenueFromLeasedAndOwnedHotels
182792 USD
us-gaap Revenue From Leased And Owned Hotels
RevenueFromLeasedAndOwnedHotels
299246 USD
CY2011Q3 us-gaap Revenue From Leased And Owned Hotels
RevenueFromLeasedAndOwnedHotels
179071 USD
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
38622647
CY2012Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
41562121
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
23400424
CY2011Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
25306243
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
38622647
CY2012Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
41562121
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
23400424
CY2011Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
25306243
us-gaap Share Based Compensation
ShareBasedCompensation
USD
us-gaap Share Based Compensation
ShareBasedCompensation
996250 USD
CY2011Q4 us-gaap Stockholders Equity
StockholdersEquity
16597675 USD
CY2012Q3 us-gaap Stockholders Equity
StockholdersEquity
12195082 USD
CY2012Q1 us-gaap Stock Issued During Period Value Stock Dividend
StockIssuedDuringPeriodValueStockDividend
2278879 USD
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-399856 USD
CY2012Q3 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-884556 USD
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
2878092 USD
CY2011Q3 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
1661584 USD
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
CY2012Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
CY2011Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment

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