2013 Q4 Form 10-Q Financial Statement

#000114420413057798 Filed on October 31, 2013

View on sec.gov

Income Statement

Concept 2013 Q4 2013 Q3 2012 Q3
Revenue $7.232M $6.819M $182.8K
YoY Change 55.14% 3630.35% 2.08%
Cost Of Revenue $8.400M $6.680M $230.0K
YoY Change 118.18% 2804.35% 4.55%
Gross Profit -$1.166M $133.9K -$17.67K
YoY Change -260.52% -858.0% -55.93%
Gross Profit Margin -16.12% 1.96% -9.66%
Selling, General & Admin $1.680M $2.740M $3.370M
YoY Change -42.86% -18.69% 163.28%
% of Gross Profit 2046.3%
Research & Development $2.240M $1.840M $4.380M
YoY Change -39.13% -57.99% 93.81%
% of Gross Profit 1374.16%
Depreciation & Amortization $1.500M $1.190M $321.4K
YoY Change 26.05% 270.3% 542.79%
% of Gross Profit 888.82%
Operating Expenses $3.920M $4.580M $7.760M
YoY Change -40.7% -40.98% 116.16%
Operating Profit -$5.087M -$4.443M -$7.806M
YoY Change -12.29% -43.08% 114.87%
Interest Expense -$450.0K $100.9K $332.3K
YoY Change -245.16% -69.64% 2192.58%
% of Operating Profit
Other Income/Expense, Net -$75.52K -$1.188M
YoY Change -93.65% -171.65%
Pretax Income -$5.540M -$4.518M -$8.994M
YoY Change 1.47% -49.76% 356.56%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$5.541M -$4.518M -$8.994M
YoY Change 1.58% -49.76% 355.54%
Net Earnings / Revenue -76.62% -66.26% -4920.44%
Basic Earnings Per Share -$0.09 -$0.09 -$0.24
Diluted Earnings Per Share -$0.09 -$0.09 -$0.24
COMMON SHARES
Basic Shares Outstanding 67.99M shares 63.98M shares 41.56M shares
Diluted Shares Outstanding 63.98M shares 41.56M shares

Balance Sheet

Concept 2013 Q4 2013 Q3 2012 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.410M $5.860M $3.930M
YoY Change -59.63% 49.11% -75.3%
Cash & Equivalents $2.409M $5.860M $3.188M
Short-Term Investments $740.0K
Other Short-Term Assets $2.400M $1.050M $860.0K
YoY Change -14.59% 22.09% 40.98%
Inventory $592.0K $1.002M $1.187M
Prepaid Expenses
Receivables $14.63K $68.50K
Other Receivables $0.00 $0.00
Total Short-Term Assets $5.960M $11.18M $8.054M
YoY Change -58.49% 38.76% -51.22%
LONG-TERM ASSETS
Property, Plant & Equipment $25.28M $23.13M $20.78M
YoY Change 23.35% 11.29% 131.66%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $58.75K $65.22K $145.3K
YoY Change -30.58% -55.12% -86.54%
Total Long-Term Assets $38.04M $35.32M $34.10M
YoY Change 13.54% 3.58% 238.95%
TOTAL ASSETS
Total Short-Term Assets $5.960M $11.18M $8.054M
Total Long-Term Assets $38.04M $35.32M $34.10M
Total Assets $44.00M $46.50M $42.15M
YoY Change -8.07% 10.3% 58.65%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.131M $3.098M $2.830M
YoY Change 23.47% 9.47% 75.78%
Accrued Expenses $7.043M $6.448M $7.130M
YoY Change -4.31% -9.57% 80.96%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $2.680M $2.820M $7.432M
YoY Change -65.29% -62.05% 14763.2%
Total Short-Term Liabilities $13.10M $12.36M $18.78M
YoY Change -27.87% -34.16% 235.34%
LONG-TERM LIABILITIES
Long-Term Debt $5.230M $7.410M $6.651M
YoY Change -12.99% 11.41% 558.55%
Other Long-Term Liabilities $0.00 $200.0K $4.530M
YoY Change -100.0% -95.58% 33.24%
Total Long-Term Liabilities $10.66M $12.42M $11.18M
YoY Change -5.77% 11.13% 153.48%
TOTAL LIABILITIES
Total Short-Term Liabilities $13.10M $12.36M $18.78M
Total Long-Term Liabilities $10.66M $12.42M $11.18M
Total Liabilities $23.76M $24.79M $29.96M
YoY Change -19.39% -17.26% 199.28%
SHAREHOLDERS EQUITY
Retained Earnings -$179.0M -$173.4M -$152.2M
YoY Change 13.54% 13.97%
Common Stock $46.75K $45.24K $28.83K
YoY Change 44.82% 56.93%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $20.24M $21.71M $12.20M
YoY Change
Total Liabilities & Shareholders Equity $44.00M $46.50M $42.15M
YoY Change -8.07% 10.3% 58.65%

Cashflow Statement

Concept 2013 Q4 2013 Q3 2012 Q3
OPERATING ACTIVITIES
Net Income -$5.541M -$4.518M -$8.994M
YoY Change 1.58% -49.76% 355.54%
Depreciation, Depletion And Amortization $1.500M $1.190M $321.4K
YoY Change 26.05% 270.3% 542.79%
Cash From Operating Activities $1.310M -$3.190M -$7.640M
YoY Change -128.23% -58.25% 116.43%
INVESTING ACTIVITIES
Capital Expenditures -$3.360M -$1.630M -$4.390M
YoY Change 386.96% -62.87% 117.33%
Acquisitions
YoY Change
Other Investing Activities -$680.0K $70.00K $1.240M
YoY Change -251.11% -94.35% -43.64%
Cash From Investing Activities -$4.040M -$1.560M -$3.150M
YoY Change 1656.52% -50.48% -1850.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $8.750M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -730.0K 8.180M 9.410M
YoY Change -109.52% -13.07% -94200.0%
NET CHANGE
Cash From Operating Activities 1.310M -3.190M -7.640M
Cash From Investing Activities -4.040M -1.560M -3.150M
Cash From Financing Activities -730.0K 8.180M 9.410M
Net Change In Cash -3.460M 3.430M -1.380M
YoY Change -223.57% -348.55% -58.93%
FREE CASH FLOW
Cash From Operating Activities $1.310M -$3.190M -$7.640M
Capital Expenditures -$3.360M -$1.630M -$4.390M
Free Cash Flow $4.670M -$1.560M -$3.250M
YoY Change -218.23% -52.0% 115.23%

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127091 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
257702 USD
us-gaap Interest Expense
InterestExpense
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us-gaap Interest Expense
InterestExpense
430234 USD
CY2013Q3 us-gaap Interest Expense
InterestExpense
100896 USD
CY2012Q3 us-gaap Interest Expense
InterestExpense
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us-gaap Interest Paid
InterestPaid
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us-gaap Interest Paid
InterestPaid
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CY2012Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
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CY2013Q3 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
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CY2012Q4 us-gaap Inventory Net
InventoryNet
662929 USD
CY2013Q3 us-gaap Inventory Net
InventoryNet
1001608 USD
CY2012Q4 us-gaap Inventory Ore Stockpiles On Leach Pads
InventoryOreStockpilesOnLeachPads
4280664 USD
CY2013Q3 us-gaap Inventory Ore Stockpiles On Leach Pads
InventoryOreStockpilesOnLeachPads
3196821 USD
CY2012Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
662929 USD
CY2013Q3 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
1001608 USD
us-gaap Inventory Write Down
InventoryWriteDown
986600 USD
us-gaap Inventory Write Down
InventoryWriteDown
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us-gaap Issuance Of Stock And Warrants For Services Or Claims
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2583868 USD
us-gaap Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
6510113 USD
CY2012Q4 us-gaap Liabilities
Liabilities
29469983 USD
CY2013Q3 us-gaap Liabilities
Liabilities
24787169 USD
CY2012Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
47864545 USD
CY2013Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
46495407 USD
CY2012Q4 us-gaap Liabilities Current
LiabilitiesCurrent
18161936 USD
CY2013Q3 us-gaap Liabilities Current
LiabilitiesCurrent
12364846 USD
CY2012Q4 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
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CY2013Q3 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
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CY2012Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
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CY2013Q3 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
7405548 USD
CY2012Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
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CY2013Q3 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
2819291 USD
CY2012Q4 us-gaap Mineral Properties Net
MineralPropertiesNet
7614780 USD
CY2013Q3 us-gaap Mineral Properties Net
MineralPropertiesNet
7502780 USD
CY2011Q4 us-gaap Mine Reclamation And Closing Liability Noncurrent
MineReclamationAndClosingLiabilityNoncurrent
2007605 USD
CY2012Q4 us-gaap Mine Reclamation And Closing Liability Noncurrent
MineReclamationAndClosingLiabilityNoncurrent
4597156 USD
CY2013Q3 us-gaap Mine Reclamation And Closing Liability Noncurrent
MineReclamationAndClosingLiabilityNoncurrent
4816775 USD
us-gaap Net Cash Provided By Used In Financing Activities
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14120082 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
24659458 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-2643906 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-10660752 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-11589062 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-17766015 USD
us-gaap Net Income Loss
NetIncomeLoss
-15805617 USD
us-gaap Net Income Loss
NetIncomeLoss
-25307122 USD
CY2013Q3 us-gaap Net Income Loss
NetIncomeLoss
-4518260 USD
CY2012Q3 us-gaap Net Income Loss
NetIncomeLoss
-8994179 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-18842782 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-28607910 USD
CY2013Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-5491383 USD
CY2012Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-10086692 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
40244 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-787207 USD
CY2013Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-75515 USD
CY2012Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-1188301 USD
us-gaap Notes Issued1
NotesIssued1
4303387 USD
us-gaap Notes Issued1
NotesIssued1
2801125 USD
us-gaap Notes Reduction
NotesReduction
2723107 USD
us-gaap Notes Reduction
NotesReduction
USD
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 segments
us-gaap Operating Income Loss
OperatingIncomeLoss
-15845861 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
-24519915 USD
CY2013Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-4442745 USD
CY2012Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-7805878 USD
CY2012Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
84635 USD
CY2013Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
65224 USD
CY2012Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
700000 USD
CY2013Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
200000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
1870 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
42883 USD
CY2013Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
301 USD
CY2012Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
28541 USD
us-gaap Payments For Construction In Process
PaymentsForConstructionInProcess
2500000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
582000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-548274 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
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PaymentsOfDebtIssuanceCosts
100000 USD
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
439515 USD
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
463456 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
2298117 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
15315131 USD
CY2013Q3 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
6572292 USD
CY2012Q3 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
2298117 USD
us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
3300788 USD
CY2013Q3 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
973123 USD
CY2012Q3 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
1092513 USD
CY2012Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000 shares
CY2013Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000 shares
CY2012Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
2808623 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2633726 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
12679374 USD
us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
3037165 USD
CY2013Q3 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
1048678 USD
us-gaap Prior Period Reclassification Adjustment
PriorPeriodReclassificationAdjustment
1306090 USD
CY2012Q3 us-gaap Prior Period Reclassification Adjustment
PriorPeriodReclassificationAdjustment
321395 USD
CY2013Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
10000000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
18750001 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
15812173 USD
CY2013Q3 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
8750000 USD
us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
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us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
9702500 USD
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
1470348 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
571820 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
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us-gaap Professional Fees
ProfessionalFees
1372802 USD
us-gaap Professional Fees
ProfessionalFees
2320606 USD
CY2013Q3 us-gaap Professional Fees
ProfessionalFees
387957 USD
CY2012Q3 us-gaap Professional Fees
ProfessionalFees
876603 USD
us-gaap Property Plant And Equipment Disposals
PropertyPlantAndEquipmentDisposals
3165746 USD
CY2012Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
20491070 USD
CY2013Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
23126754 USD
us-gaap Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
4190404 USD
us-gaap Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
291759 USD
CY2012Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-157623315 USD
CY2013Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-173428932 USD
us-gaap Revenue From Leased And Owned Hotels
RevenueFromLeasedAndOwnedHotels
507883 USD
us-gaap Revenue From Leased And Owned Hotels
RevenueFromLeasedAndOwnedHotels
477037 USD
CY2012Q3 us-gaap Revenues
Revenues
182792 USD
CY2013Q3 us-gaap Revenue From Leased And Owned Hotels
RevenueFromLeasedAndOwnedHotels
211646 USD
CY2012Q3 us-gaap Revenue From Leased And Owned Hotels
RevenueFromLeasedAndOwnedHotels
182792 USD
us-gaap Revenues
Revenues
17594452 USD
us-gaap Revenues
Revenues
477037 USD
CY2013Q3 us-gaap Revenues
Revenues
6818778 USD
CY2012Q4 us-gaap Stockholders Equity
StockholdersEquity
18394562 USD
CY2013Q3 us-gaap Stockholders Equity
StockholdersEquity
21708238 USD
us-gaap Share Based Compensation
ShareBasedCompensation
216 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
324700 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Additional Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfAdditionalSharesAuthorized
605000 shares
CY2013Q1 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
2.00
CY2013Q3 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
2.11
CY2013Q1 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
5000000 shares
CY2013Q3 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
4146920 shares
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
603970 USD
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-399856 USD
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
57742461 shares
CY2013Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
shares
CY2012Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
38622647 shares
CY2013Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
63981943 shares
CY2012Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
41562121 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
57742461 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
38622647 shares
CY2013Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
63981943 shares
CY2012Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
41562121 shares

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