2013 Q2 Form 10-Q Financial Statement

#000114420413044019 Filed on August 08, 2013

View on sec.gov

Income Statement

Concept 2013 Q2 2012 Q4 2012 Q2
Revenue $6.986M $4.662M $182.5K
YoY Change 3727.41% 2576.91% 51.88%
Cost Of Revenue $8.490M $3.850M $196.0K
YoY Change 4232.25% 2038.89% 95.98%
Gross Profit -$1.501M $726.4K -$13.45K
YoY Change 11064.34% -1046.56% -166.65%
Gross Profit Margin -21.49% 15.58% -7.37%
Selling, General & Admin $1.830M $2.940M $3.510M
YoY Change -47.86% 98.65% 56.0%
% of Gross Profit 404.72%
Research & Development $2.340M $3.680M $5.480M
YoY Change -57.3% 101.09% 80.26%
% of Gross Profit 506.58%
Depreciation & Amortization $1.043M $1.190M $408.4K
YoY Change 155.44% 693.33% 864.84%
% of Gross Profit 163.81%
Operating Expenses $4.160M $6.610M $8.990M
YoY Change -53.73% 91.04% 68.67%
Operating Profit -$5.665M -$5.800M -$9.053M
YoY Change -37.43% 67.12% 70.36%
Interest Expense $228.5K $310.0K $52.74K
YoY Change 333.29% -67.37% 347.5%
% of Operating Profit
Other Income/Expense, Net $140.6K $30.00K $72.88K
YoY Change 92.97% 50.0% -85.11%
Pretax Income -$5.524M -$5.460M -$8.980M
YoY Change -38.48% 118.4% 86.14%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$5.524M -$5.455M -$8.980M
YoY Change -38.48% 117.97% 89.12%
Net Earnings / Revenue -79.08% -117.02% -4920.12%
Basic Earnings Per Share -$0.11 -$0.13 -$0.26
Diluted Earnings Per Share -$0.11 -$0.13 -$0.26
COMMON SHARES
Basic Shares Outstanding 57.44M shares 43.56M 39.50M shares
Diluted Shares Outstanding 57.44M shares 39.50M shares

Balance Sheet

Concept 2013 Q2 2012 Q4 2012 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.440M $5.970M $5.310M
YoY Change -54.05% -34.9% -75.27%
Cash & Equivalents $2.438M $5.973M $4.568M
Short-Term Investments $0.00 $740.0K
Other Short-Term Assets $1.410M $2.810M $1.030M
YoY Change 36.89% 52.72% -2.83%
Inventory $629.8K $662.9K
Prepaid Expenses $1.032M
Receivables $252.5K $634.6K
Other Receivables $0.00 $0.00
Total Short-Term Assets $8.448M $14.36M $6.339M
YoY Change 33.26% 30.44% -71.86%
LONG-TERM ASSETS
Property, Plant & Equipment $17.49M $20.49M $19.09M
YoY Change -8.41% 118.37% 207.93%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $71.69K $84.64K $151.8K
YoY Change -52.77% -48.63% -85.54%
Total Long-Term Assets $30.01M $33.50M $29.06M
YoY Change 3.27% 109.86% 297.01%
TOTAL ASSETS
Total Short-Term Assets $8.448M $14.36M $6.339M
Total Long-Term Assets $30.01M $33.50M $29.06M
Total Assets $38.46M $47.86M $35.40M
YoY Change 8.64% 77.45% 18.59%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.009M $2.536M $5.057M
YoY Change -40.51% 44.47% 395.79%
Accrued Expenses $7.196M $7.361M $4.650M
YoY Change 54.76% 77.3% 9.4%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $1.975M $7.721M $391.6K
YoY Change 404.23% 5484.84% 683.27%
Total Short-Term Liabilities $12.20M $18.16M $10.10M
YoY Change 20.85% 200.44% 89.82%
LONG-TERM LIABILITIES
Long-Term Debt $4.377M $6.011M $3.762M
YoY Change 16.35% 362.79% 283.87%
Other Long-Term Liabilities $200.0K $700.0K $2.620M
YoY Change -92.37% -47.91%
Total Long-Term Liabilities $9.321M $11.31M $6.378M
YoY Change 46.14% 161.07% 6.12%
TOTAL LIABILITIES
Total Short-Term Liabilities $12.20M $18.16M $10.10M
Total Long-Term Liabilities $9.321M $11.31M $6.378M
Total Liabilities $21.52M $29.47M $16.48M
YoY Change 30.64% 184.01% 45.42%
SHAREHOLDERS EQUITY
Retained Earnings -$168.9M -$157.6M -$143.2M
YoY Change 17.98% 24.25%
Common Stock $38.62K $32.28K $26.31K
YoY Change 46.77% 67.18%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $16.93M $18.39M $18.92M
YoY Change
Total Liabilities & Shareholders Equity $38.46M $47.86M $35.40M
YoY Change 8.64% 77.45% 18.59%

Cashflow Statement

Concept 2013 Q2 2012 Q4 2012 Q2
OPERATING ACTIVITIES
Net Income -$5.524M -$5.455M -$8.980M
YoY Change -38.48% 117.97% 89.12%
Depreciation, Depletion And Amortization $1.043M $1.190M $408.4K
YoY Change 155.44% 693.33% 864.84%
Cash From Operating Activities -$2.790M -$4.640M -$5.660M
YoY Change -50.71% 107.14% 71.0%
INVESTING ACTIVITIES
Capital Expenditures -$800.0K -$690.0K -$4.960M
YoY Change -83.87% -85.0% 463.64%
Acquisitions
YoY Change
Other Investing Activities -$300.0K $450.0K -$70.00K
YoY Change 328.57% -46.43% -107.22%
Cash From Investing Activities -$1.100M -$230.0K -$5.020M
YoY Change -78.09% -93.88% -5120.0%
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 -3.270M 7.670M -60.00K
YoY Change 5350.0% -76800.0% 500.0%
NET CHANGE
Cash From Operating Activities -2.790M -4.640M -5.660M
Cash From Investing Activities -1.100M -230.0K -5.020M
Cash From Financing Activities -3.270M 7.670M -60.00K
Net Change In Cash -7.160M 2.800M -10.74M
YoY Change -33.33% -146.59% 233.54%
FREE CASH FLOW
Cash From Operating Activities -$2.790M -$4.640M -$5.660M
Capital Expenditures -$800.0K -$690.0K -$4.960M
Free Cash Flow -$1.990M -$3.950M -$700.0K
YoY Change 184.29% -267.37% -71.19%

Facts In Submission

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CY2012Q4 us-gaap Mineral Properties Net
MineralPropertiesNet
7614780 USD
CY2013Q2 us-gaap Mine Reclamation And Closing Liability Noncurrent
MineReclamationAndClosingLiabilityNoncurrent
4743569 USD
CY2011Q4 us-gaap Mine Reclamation And Closing Liability Noncurrent
MineReclamationAndClosingLiabilityNoncurrent
2007605 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
5940437 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
15247975 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1079316 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-7509251 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-8396079 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-10126175 USD
CY2012Q4 us-gaap Mine Reclamation And Closing Liability Noncurrent
MineReclamationAndClosingLiabilityNoncurrent
4597156 USD
CY2013Q2 us-gaap Net Income Loss
NetIncomeLoss
-5524324 USD
us-gaap Net Income Loss
NetIncomeLoss
-11287356 USD
us-gaap Net Income Loss
NetIncomeLoss
-16312944 USD
CY2013Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-6554059 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-13351398 USD
CY2012Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-10082744 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-18521219 USD
CY2013Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
140629 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
115757 USD
CY2012Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
72876 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
401094 USD
us-gaap Notes Issued1
NotesIssued1
USD
us-gaap Notes Issued1
NotesIssued1
2785625 USD
us-gaap Notes Reduction
NotesReduction
2723107 USD
us-gaap Notes Reduction
NotesReduction
USD
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 segments
CY2012Q2 us-gaap Net Income Loss
NetIncomeLoss
-8980346 USD
CY2013Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-5664953 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
-11403113 USD
CY2012Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-9053222 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
-16714038 USD
CY2013Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
71694 USD
CY2012Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
84635 USD
CY2013Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
200000 USD
CY2012Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
700000 USD
us-gaap Payments For Construction In Process
PaymentsForConstructionInProcess
1262027 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
650000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
693933 USD
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
306647 USD
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
463456 USD
CY2013Q2 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
1133465 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
1262027 USD
CY2012Q2 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
6332874 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
13015955 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1001136 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
8287132 USD
CY2013Q2 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
1029735 USD
us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
2064042 USD
CY2012Q2 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
1102398 USD
us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
2208275 USD
CY2013Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000 shares
CY2012Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000 shares
CY2013Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
1410092 USD
CY2012Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
2808623 USD
CY2012Q2 us-gaap Prior Period Reclassification Adjustment
PriorPeriodReclassificationAdjustment
408360 USD
us-gaap Prior Period Reclassification Adjustment
PriorPeriodReclassificationAdjustment
589013 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
10000000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
15812173 USD
CY2013Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
10000000 USD
us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
USD
us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
1471814 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
571820 USD
CY2013Q2 us-gaap Professional Fees
ProfessionalFees
339566 USD
us-gaap Professional Fees
ProfessionalFees
984845 USD
CY2012Q2 us-gaap Professional Fees
ProfessionalFees
782290 USD
us-gaap Professional Fees
ProfessionalFees
1438750 USD
us-gaap Property Plant And Equipment Disposals
PropertyPlantAndEquipmentDisposals
3165746 USD
CY2013Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
17485501 USD
CY2012Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
20491070 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
3752916 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
100742 USD
CY2013Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-168910671 USD
CY2012Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-157623315 USD
CY2013Q2 us-gaap Revenue From Leased And Owned Hotels
RevenueFromLeasedAndOwnedHotels
174393 USD
us-gaap Revenue From Leased And Owned Hotels
RevenueFromLeasedAndOwnedHotels
296237 USD
CY2012Q2 us-gaap Revenue From Leased And Owned Hotels
RevenueFromLeasedAndOwnedHotels
182523 USD
us-gaap Revenue From Leased And Owned Hotels
RevenueFromLeasedAndOwnedHotels
294245 USD
CY2013Q2 us-gaap Revenues
Revenues
6985909 USD
us-gaap Revenues
Revenues
10775675 USD
CY2012Q2 us-gaap Revenues
Revenues
182523 USD
us-gaap Revenues
Revenues
294245 USD
us-gaap Share Based Compensation
ShareBasedCompensation
84 USD
us-gaap Share Based Compensation
ShareBasedCompensation
USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
126200 shares
CY2013Q1 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
2.00
CY2013Q2 us-gaap Stockholders Equity
StockholdersEquity
16934584 USD
CY2012Q4 us-gaap Stockholders Equity
StockholdersEquity
18394562 USD
CY2013Q1 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
5000000 shares
CY2013Q2 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
81787 USD
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
519601 USD
CY2012Q2 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
117900 USD
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
484700 USD
CY2013Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
shares
CY2012Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
shares
CY2013Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
57443706 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
54571012 shares
CY2012Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
39503340 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
37136759 shares
CY2013Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
57443706 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
54571012 shares
CY2012Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
39503340 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
37136759 shares

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