2014 Q4 Form 10-Q Financial Statement

#000136836514000010 Filed on November 14, 2014

View on sec.gov

Income Statement

Concept 2014 Q4 2014 Q3 2013 Q4
Revenue $180.0K $230.0K $980.0K
YoY Change -81.63% 72.02% 444.44%
Cost Of Revenue $33.00K
YoY Change
Gross Profit $197.0K
YoY Change
Gross Profit Margin 85.65%
Selling, General & Admin $5.480M $4.029M $2.810M
YoY Change 95.02% 345.33% 15.16%
% of Gross Profit 2045.18%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $770.0K $230.0K $670.0K
YoY Change 14.93% 91.67% 191.3%
% of Gross Profit 116.75%
Operating Expenses $5.810M $4.331M $3.260M
YoY Change 78.22% 274.9% 162.9%
Operating Profit -$4.134M
YoY Change 304.68%
Interest Expense -$140.0K $114.0K -$100.0K
YoY Change 40.0% 3.3% 233.33%
% of Operating Profit
Other Income/Expense, Net $360.0K $396.0K -$130.0K
YoY Change -376.92% -245.37% 1200.0%
Pretax Income -$5.410M -$3.738M -$2.500M
YoY Change 116.4% 188.88% 65.56%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$5.410M -$3.738M -$2.500M
YoY Change 116.4% 188.88% 30.89%
Net Earnings / Revenue -3005.56% -1625.22% -255.1%
Basic Earnings Per Share
Diluted Earnings Per Share -$242.7K -$416.5K -$270.0K
COMMON SHARES
Basic Shares Outstanding 12.54M shares 12.22M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2014 Q4 2014 Q3 2013 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.500M $200.0K $1.300M
YoY Change 15.38% -50.0% -7.14%
Cash & Equivalents $1.525M $219.0K $1.261M
Short-Term Investments
Other Short-Term Assets $155.0K $200.0K $94.00K
YoY Change 64.89% -81.82% -81.2%
Inventory $273.0K $0.00
Prepaid Expenses $279.0K $256.0K
Receivables $41.00K $30.42K $101.0K
Other Receivables $0.00 $1.400M $0.00
Total Short-Term Assets $2.273M $1.774M $1.720M
YoY Change 32.15% 10.9% -14.0%
LONG-TERM ASSETS
Property, Plant & Equipment $1.398M $723.2K $213.0K
YoY Change 556.34% 80.8% -46.75%
Goodwill $5.293M $5.293M $1.823M
YoY Change 190.35% 15.02%
Intangibles $6.518M $3.602M
YoY Change 80.96%
Long-Term Investments $1.000M $1.000M $200.0K
YoY Change 400.0% 400.0% -60.0%
Other Assets $100.0K $100.0K $100.0K
YoY Change 0.0% -50.0% 0.0%
Total Long-Term Assets $15.68M $13.86M $6.002M
YoY Change 161.3% 116.53% 36.41%
TOTAL ASSETS
Total Short-Term Assets $2.273M $1.774M $1.720M
Total Long-Term Assets $15.68M $13.86M $6.002M
Total Assets $17.96M $15.63M $7.722M
YoY Change 132.53% 95.41% 20.66%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.356M $774.9K $1.026M
YoY Change 32.16% -13.9% 105.2%
Accrued Expenses $1.210M $912.2K $731.0K
YoY Change 65.53% -23.98% 46.2%
Deferred Revenue
YoY Change
Short-Term Debt $400.0K $350.0K $0.00
YoY Change
Long-Term Debt Due $0.00 $200.0K $200.0K
YoY Change -100.0% 100.0% 100.0%
Total Short-Term Liabilities $5.660M $3.104M $2.789M
YoY Change 102.94% 7.04% 85.93%
LONG-TERM LIABILITIES
Long-Term Debt $3.100M $5.977M $2.500M
YoY Change 24.0% -0.39% 19.05%
Other Long-Term Liabilities $25.00K $25.00K
YoY Change 0.0% -91.67%
Total Long-Term Liabilities $3.125M $5.977M $2.525M
YoY Change 23.76% -9.44% 5.21%
TOTAL LIABILITIES
Total Short-Term Liabilities $5.660M $3.104M $2.789M
Total Long-Term Liabilities $3.125M $5.977M $2.525M
Total Liabilities $12.78M $9.148M $5.465M
YoY Change 133.82% -3.71% 40.13%
SHAREHOLDERS EQUITY
Retained Earnings -$130.0M -$124.6M -$111.8M
YoY Change 16.29%
Common Stock $13.00K $12.30K $11.00K
YoY Change 18.18%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $5.178M $6.485M $2.257M
YoY Change
Total Liabilities & Shareholders Equity $17.96M $15.63M $7.722M
YoY Change 132.53% 95.41% 20.66%

Cashflow Statement

Concept 2014 Q4 2014 Q3 2013 Q4
OPERATING ACTIVITIES
Net Income -$5.410M -$3.738M -$2.500M
YoY Change 116.4% 188.88% 30.89%
Depreciation, Depletion And Amortization $770.0K $230.0K $670.0K
YoY Change 14.93% 91.67% 191.3%
Cash From Operating Activities -$2.090M -$1.530M -$1.090M
YoY Change 91.74% -4.37% -12.8%
INVESTING ACTIVITIES
Capital Expenditures -$1.220M -$510.0K $0.00
YoY Change 363.64% -100.0%
Acquisitions
YoY Change
Other Investing Activities $520.0K -$870.0K -$580.0K
YoY Change -189.66% -250.0% -1550.0%
Cash From Investing Activities -$700.0K -$1.390M -$580.0K
YoY Change 20.69% -395.74% -441.18%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 4.100M 810.0K 2.520M
YoY Change 62.7% -2800.0% 44.0%
NET CHANGE
Cash From Operating Activities -2.090M -1.530M -1.090M
Cash From Investing Activities -700.0K -1.390M -580.0K
Cash From Financing Activities 4.100M 810.0K 2.520M
Net Change In Cash 1.310M -2.110M 850.0K
YoY Change 54.12% 81.9% 26.87%
FREE CASH FLOW
Cash From Operating Activities -$2.090M -$1.530M -$1.090M
Capital Expenditures -$1.220M -$510.0K $0.00
Free Cash Flow -$870.0K -$1.020M -$1.090M
YoY Change -20.18% -31.54% -20.44%

Facts In Submission

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CY2013Q4 us-gaap Preferred Stock Shares Issued
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CY2014Q3 us-gaap Prepaid Expense And Other Assets Current
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us-gaap Proceeds From Issuance Of Common Stock
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us-gaap Use Of Estimates
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<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&#160;</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of the unaudited condensed consolidated financial statements in conformity with U.S. GAAP requires the Company to make estimates and assumptions that affect amounts reported and disclosed in the unaudited condensed consolidated financial statements and accompanying notes.&#160; Actual results could differ materially from those estimates.&#160; On an ongoing basis, the Company evaluates its estimates, including those related to accounts receivable, intangible assets, useful lives of property and equipment, stock-based compensation, equity-method investments, and income taxes, among other things.&#160;</font></div></div>
CY2013Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
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mark Capitalized Computer Software Amortization Period
CapitalizedComputerSoftwareAmortizationPeriod
P3Y
CY2013Q3 mark Common Shares And Dilutive Securities
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mark Common Shares And Dilutive Securities
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CY2014Q3 mark Common Shares And Dilutive Securities
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CY2014Q3 mark Early Termination Cost Accrual Balance
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CY2013Q4 mark Early Termination Cost Accrual Balance
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mark Early Termination Cost Charges Or Reversals
EarlyTerminationCostChargesOrReversals
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mark Early Termination Cost Cost Paid Or Settled
EarlyTerminationCostCostPaidOrSettled
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mark Lease Commitment Term
LeaseCommitmentTerm
P3Y
CY2013Q2 mark Operating Leases Early Termination Liability
OperatingLeasesEarlyTerminationLiability
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CY2014Q3 mark Other Long Term Assets
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CY2013Q4 mark Other Long Term Assets
OtherLongTermAssets
133605 USD
CY2010Q4 mark Sale Leaseback Transaction Cash
SaleLeasebackTransactionCash
600000 USD
mark Sale Leaseback Transaction Term Length
SaleLeasebackTransactionTermLength
P5Y
CY2014Q3 mark Warrants To Acquire Shares Of Common Stock
WarrantsToAcquireSharesOfCommonStock
30000 shares
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
dei Document Period End Date
DocumentPeriodEndDate
2014-09-30
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0001368365
CY2014Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
12539755 shares
dei Entity Filer Category
EntityFilerCategory
Smaller Reporting Company
dei Entity Registrant Name
EntityRegistrantName
REMARK MEDIA, INC.
dei Trading Symbol
TradingSymbol
mark

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0001368365-14-000010.txt Edgar Link pending
0001368365-14-000010-xbrl.zip Edgar Link pending
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