2013 Q3 Form 10-Q Financial Statement

#000119312513324514 Filed on August 07, 2013

View on sec.gov

Income Statement

Concept 2013 Q3 2013 Q2 2012 Q2
Revenue $38.00K $33.00K $249.0K
YoY Change -85.61% -86.75% 8.26%
Cost Of Revenue $85.74K $77.57K $64.00K
YoY Change 19.09% 21.21% 28.0%
Gross Profit $239.0K $204.1K $184.6K
YoY Change 24.44% 10.6% 2.53%
Gross Profit Margin 629.08% 618.56% 74.12%
Selling, General & Admin $1.711M $1.582M $1.775M
YoY Change 4.54% -10.92% -15.46%
% of Gross Profit 715.65% 774.78% 961.95%
Research & Development $5.184M $4.805M $3.749M
YoY Change 49.06% 28.16% -25.76%
% of Gross Profit 2168.75% 2353.91% 2031.39%
Depreciation & Amortization $260.0K $230.0K $250.0K
YoY Change 8.33% -8.0% -16.67%
% of Gross Profit 108.76% 112.68% 135.46%
Operating Expenses $6.628M $6.131M $5.534M
YoY Change 25.79% 10.79% -22.71%
Operating Profit -$6.656M -$6.221M -$5.350M
YoY Change 31.1% 16.29% -23.36%
Interest Expense $382.1K $392.9K $14.18K
YoY Change 3254.27% 2671.46% -99.53%
% of Operating Profit
Other Income/Expense, Net -$535.6K $352.6K $6.183M
YoY Change -95.24% -94.3% -15558.19%
Pretax Income -$7.190M -$5.870M $830.0K
YoY Change -56.0% -807.23% -120.54%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income 0.0%
Net Earnings -$7.192M -$5.869M $833.0K
YoY Change -55.98% -804.52% -120.62%
Net Earnings / Revenue -18925.4% -17783.88% 334.54%
Basic Earnings Per Share
Diluted Earnings Per Share -$239.7M -$293.5M $41.50M
COMMON SHARES
Basic Shares Outstanding 41.30M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2013 Q3 2013 Q2 2012 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $20.96M $24.18M $8.900M
YoY Change -3.59% 171.69% -43.17%
Cash & Equivalents $20.96M $22.75M $7.203M
Short-Term Investments $0.00 $1.430M $1.700M
Other Short-Term Assets $110.6K $704.0K $1.190M
YoY Change -90.63% -40.84% 10.19%
Inventory
Prepaid Expenses $464.5K $569.0K
Receivables $125.5K $68.47K $120.0K
Other Receivables $490.0K $420.0K $190.0K
Total Short-Term Assets $22.20M $25.99M $10.41M
YoY Change -4.48% 149.71% -39.65%
LONG-TERM ASSETS
Property, Plant & Equipment $5.439M $3.451M $1.680M
YoY Change 253.16% 105.41% -25.33%
Goodwill $1.973M $1.855M
YoY Change
Intangibles $1.673M $1.654M
YoY Change
Long-Term Investments
YoY Change
Other Assets $999.8K $1.054M $1.050M
YoY Change -2.93% 0.37% -45.6%
Total Long-Term Assets $10.12M $8.057M $6.540M
YoY Change 57.59% 23.2% -27.89%
TOTAL ASSETS
Total Short-Term Assets $22.20M $25.99M $10.41M
Total Long-Term Assets $10.12M $8.057M $6.540M
Total Assets $32.32M $34.05M $16.95M
YoY Change 8.96% 100.9% -35.6%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.861M $3.022M $760.0K
YoY Change 93.81% 297.57% -43.7%
Accrued Expenses $2.304M $1.918M $3.290M
YoY Change -18.6% -41.71% 7.17%
Deferred Revenue
YoY Change
Short-Term Debt $3.600M $2.610M $0.00
YoY Change
Long-Term Debt Due $178.8K $213.8K $200.0K
YoY Change -14.88% 6.88% -16.67%
Total Short-Term Liabilities $8.062M $7.822M $4.280M
YoY Change 99.07% 82.75% -8.74%
LONG-TERM LIABILITIES
Long-Term Debt $9.900M $17.50K $230.0K
YoY Change 5110.53% -92.39% -46.51%
Other Long-Term Liabilities $10.79M $10.47M $7.080M
YoY Change -33.35% 47.88% 63.13%
Total Long-Term Liabilities $20.69M $17.50K $7.310M
YoY Change 26.31% -99.76% 53.25%
TOTAL LIABILITIES
Total Short-Term Liabilities $8.062M $7.822M $4.280M
Total Long-Term Liabilities $20.69M $17.50K $7.310M
Total Liabilities $28.76M $25.29M $11.59M
YoY Change 40.75% 118.24% 22.52%
SHAREHOLDERS EQUITY
Retained Earnings -$380.6M -$373.4M
YoY Change
Common Stock $384.0M $382.2M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.561M $8.758M $5.360M
YoY Change
Total Liabilities & Shareholders Equity $32.32M $34.05M $16.95M
YoY Change 8.96% 100.9% -35.6%

Cashflow Statement

Concept 2013 Q3 2013 Q2 2012 Q2
OPERATING ACTIVITIES
Net Income -$7.192M -$5.869M $833.0K
YoY Change -55.98% -804.52% -120.62%
Depreciation, Depletion And Amortization $260.0K $230.0K $250.0K
YoY Change 8.33% -8.0% -16.67%
Cash From Operating Activities -$6.000M -$3.780M -$5.090M
YoY Change 41.84% -25.74% -10.86%
INVESTING ACTIVITIES
Capital Expenditures -$2.140M -$2.100M -$20.00K
YoY Change 10400.0% -80.0%
Acquisitions
YoY Change
Other Investing Activities $1.430M $8.390M $440.0K
YoY Change -133.03% 1806.82% -177.19%
Cash From Investing Activities -$710.0K $6.290M $440.0K
YoY Change -83.64% 1329.55% -164.71%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 4.910M 13.00M 2.400M
YoY Change -71.25% 441.67% -1946.15%
NET CHANGE
Cash From Operating Activities -6.000M -3.780M -5.090M
Cash From Investing Activities -710.0K 6.290M 440.0K
Cash From Financing Activities 4.910M 13.00M 2.400M
Net Change In Cash -1.800M 15.51M -2.250M
YoY Change -121.15% -789.33% -65.49%
FREE CASH FLOW
Cash From Operating Activities -$6.000M -$3.780M -$5.090M
Capital Expenditures -$2.140M -$2.100M -$20.00K
Free Cash Flow -$3.860M -$1.680M -$5.070M
YoY Change -8.75% -66.86% -9.63%

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us-gaap Use Of Estimates
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<div> <p style="MARGIN-TOP: 18px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Use of Estimates</b></font></p> <p style="MARGIN-TOP: 6px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2">The preparation of financial statements in conformity with U.S. GAAP requires management to make judgments, assumptions and estimates that affect the amounts reported in our condensed consolidated financial statements and accompanying notes. Actual results could differ materially from these estimates.</font></p> <p style="MARGIN-TOP: 12px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2">Significant estimates include the following:</font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 6px"> &#xA0;</p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="1%"><font size="1">&#xA0;</font></td> <td valign="top" width="2%" align="left"><font style="FONT-FAMILY: Times New Roman" size="2">&#x2022;</font></td> <td valign="top" width="1%"><font size="1">&#xA0;</font></td> <td valign="top" align="left"> <p align="left"><font style="FONT-FAMILY: Times New Roman" size="2">the grant date fair value of stock-based awards recognized as compensation expense (see Note 5, &#x201C;Stock-Based Compensation&#x201D;);</font></p> </td> </tr> </table> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 6px"> &#xA0;</p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="1%"><font size="1">&#xA0;</font></td> <td valign="top" width="2%" align="left"><font style="FONT-FAMILY: Times New Roman" size="2">&#x2022;</font></td> <td valign="top" width="1%"><font size="1">&#xA0;</font></td> <td valign="top" align="left"> <p align="left"><font style="FONT-FAMILY: Times New Roman" size="2">accrued wind-down expenses (see Note 6, &#x201C;Wind-Down Expenses&#x201D;);</font></p> </td> </tr> </table> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 6px"> &#xA0;</p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="1%"><font size="1">&#xA0;</font></td> <td valign="top" width="2%" align="left"><font style="FONT-FAMILY: Times New Roman" size="2">&#x2022;</font></td> <td valign="top" width="1%"><font size="1">&#xA0;</font></td> <td valign="top" align="left"> <p align="left"><font style="FONT-FAMILY: Times New Roman" size="2">the fair value of warrants recorded as a liability (see Note 9, &#x201C;Warrant Liability&#x201D;); and</font></p> </td> </tr> </table> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 6px"> &#xA0;</p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="1%"><font size="1">&#xA0;</font></td> <td valign="top" width="2%" align="left"><font style="FONT-FAMILY: Times New Roman" size="2">&#x2022;</font></td> <td valign="top" width="1%"><font size="1">&#xA0;</font></td> <td valign="top" align="left"> <p align="left"><font style="FONT-FAMILY: Times New Roman" size="2">the fair value of goodwill and other intangible assets (see Note 4, &#x201C;Goodwill and Other Intangible Assets&#x201D;).</font></p> </td> </tr> </table> </div>
us-gaap Debt Instrument Interest Rate Terms
DebtInstrumentInterestRateTerms
one year LIBOR rate plus two percent
us-gaap Debt Instrument Interest Rate Increase Decrease
DebtInstrumentInterestRateIncreaseDecrease
0.01 pure
us-gaap Revenues
Revenues
565897
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-76763
us-gaap Gross Profit
GrossProfit
421483
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-12513396
us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
549603
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
471558
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
5000000
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
66000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1436223
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
1292596
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-569081
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
14723836
us-gaap Cost Of Goods Sold
CostOfGoodsSold
144414
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
9783094
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-57758
us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
460762
us-gaap Share Based Compensation
ShareBasedCompensation
1436223
us-gaap Goodwill Translation Adjustments
GoodwillTranslationAdjustments
-128309
us-gaap Lease And Rental Expense
LeaseAndRentalExpense
1165000
us-gaap Operating Expenses
OperatingExpenses
12899895
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
3469278
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-6595
stem Increase Decrease In Deferred Rent
IncreaseDecreaseInDeferredRent
392057
stem Loan Fees
LoanFees
1000000
stem Reducing Lieu Of Cash Payments
ReducingLieuOfCashPayments
50000
stem Term Of Operating Lease
TermOfOperatingLease
P15Y
stem Payments Creditable Against Royalties
PaymentsCreditableAgainstRoyalties
50000
stem Cash And Cash Equivalents Maturity Period
CashAndCashEquivalentsMaturityPeriod
P90D
stem Increase Decrease In Accrued Interest And Other Receivables
IncreaseDecreaseInAccruedInterestAndOtherReceivables
68912
stem Fair Value Measurement With Directly Or Indirectly Observable Inputs Reconciliation Recurring Basis Liability Settlements
FairValueMeasurementWithDirectlyOrIndirectlyObservableInputsReconciliationRecurringBasisLiabilitySettlements
100000
stem Share Based Compensation Impact On Basic And Diluted Earnings Per Share
ShareBasedCompensationImpactOnBasicAndDilutedEarningsPerShare
0.04
stem Increase Decrease In Accrued Wind Down Expenses
IncreaseDecreaseInAccruedWindDownExpenses
1102762
stem Number Of Share Based Equity Incentive Plan
NumberOfShareBasedEquityIncentivePlan
2 Incentive_Plan
stem Finite Lived Intangible Assets Foreign Currency Translation
FiniteLivedIntangibleAssetsForeignCurrencyTranslation
-226336
stem Long Term Debt Bond Interest Rate
LongTermDebtBondInterestRate
0.095 pure
stem Sale Value Of Common Stock
SaleValueOfCommonStock
30000000
stem Debt Instrument Amortized Discount Percentage
DebtInstrumentAmortizedDiscountPercentage
0.090 pure
stem Amortization Of Debt Discount And Debt Issuance Costs
AmortizationOfDebtDiscountAndDebtIssuanceCosts
91450
stem Fair Value Measurement With Directly Or Indirectly Observable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithDirectlyOrIndirectlyObservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
65776
stem Wind Down Expenses
WindDownExpenses
61837
stem Continuing Value Of Patent
ContinuingValueOfPatent
0
stem Maturity Period Of Long Term Debt
MaturityPeriodOfLongTermDebt
2014-08
stem Revenue From Licensing Agreements And Grants
RevenueFromLicensingAgreementsAndGrants
106975
stem Expiry Period Of Lease Term
ExpiryPeriodOfLeaseTerm
2013-06-30
stem Debt Instrument Period During Which Loan Is Subject To Interest Only Payments
DebtInstrumentPeriodDuringWhichLoanIsSubjectToInterestOnlyPayments
P6M
stem Debt Instrument Period During Which Loan Is Subject To Principal And Interest Payments
DebtInstrumentPeriodDuringWhichLoanIsSubjectToPrincipalAndInterestPayments
P30M
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
23882634 shares
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-10715052
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.39
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
14502841 shares
us-gaap Revenues
Revenues
892870
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-103666
us-gaap Gross Profit
GrossProfit
756634
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-9366146
us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
2078600
us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
482108
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
36451
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
92500
us-gaap Investment Income Interest
InvestmentIncomeInterest
7021
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-15581
us-gaap Operating Income Loss
OperatingIncomeLoss
-10675547
us-gaap Interest Paid
InterestPaid
28622
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
29865
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
27148
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
64672
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
1279630
us-gaap Net Income Loss
NetIncomeLoss
-9395917
us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
17979
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
29771
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
17481
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
2623
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-1520862
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-1264780
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
3053858
us-gaap Cost Of Goods Sold
CostOfGoodsSold
136236
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-25075
us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
3194202
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
521142
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1459990
us-gaap Share Based Compensation
ShareBasedCompensation
1459990
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-6095275
us-gaap Interest Expense
InterestExpense
28622
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
1565919
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
7687457
us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
3662000
us-gaap Operating Expenses
OperatingExpenses
11432181
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
3699667
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-12558
stem Increase Decrease In Deferred Rent
IncreaseDecreaseInDeferredRent
46495
stem Increase Decrease In Accrued Interest And Other Receivables
IncreaseDecreaseInAccruedInterestAndOtherReceivables
-46425
stem Share Based Compensation Impact On Basic And Diluted Earnings Per Share
ShareBasedCompensationImpactOnBasicAndDilutedEarningsPerShare
0.06
stem Increase Decrease In Accrued Wind Down Expenses
IncreaseDecreaseInAccruedWindDownExpenses
637045
stem Wind Down Expenses
WindDownExpenses
45057
stem Revenue From Licensing Agreements And Grants
RevenueFromLicensingAgreementsAndGrants
410762
CY2013Q2 stem Approval Of Fund To Collaborators
ApprovalOfFundToCollaborators
19300000
CY2012Q3 stem Loan Term
LoanTerm
P10Y
CY2006Q3 stem Number Of Patients Violate Claims
NumberOfPatientsViolateClaims
4 Claim
CY2012Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
24806769 shares
CY2012Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.03
CY2012Q2 us-gaap Revenues
Revenues
248834
CY2012Q2 us-gaap Gross Profit
GrossProfit
184557
CY2012Q2 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
764654
CY2012Q2 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
210749
CY2012Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-11318
CY2012Q2 us-gaap Investment Income Interest
InvestmentIncomeInterest
2811
CY2012Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-5349753
CY2012Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-68738
CY2012Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
6183275
CY2012Q2 us-gaap Net Income Loss
NetIncomeLoss
833522
CY2012Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-68868
CY2012Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-130
CY2012Q2 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-6205957
CY2012Q2 us-gaap Cost Of Goods Sold
CostOfGoodsSold
64277
CY2012Q2 us-gaap Interest Expense
InterestExpense
14175
CY2012Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
3749066
CY2012Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
723445
CY2012Q2 us-gaap Operating Expenses
OperatingExpenses
5534310
CY2012Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
1775342
CY2012Q2 stem Share Based Compensation Impact On Basic And Diluted Earnings Per Share
ShareBasedCompensationImpactOnBasicAndDilutedEarningsPerShare
0.03
CY2012Q2 stem Wind Down Expenses
WindDownExpenses
9902
CY2012Q2 stem Revenue From Licensing Agreements And Grants
RevenueFromLicensingAgreementsAndGrants
38085
CY2013Q2 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
4.78
CY2013Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Period1
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1
P1Y
CY2013Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
39661934 shares
CY2013Q2 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
CY2013Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.15
CY2013Q2 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
1.00
CY2013Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
shares
CY2013Q2 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
2086 shares
CY2013Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
1714 shares
CY2013Q2 us-gaap Revenues
Revenues
281697
CY2013Q2 us-gaap Restructuring Reserve Accrual Adjustment
RestructuringReserveAccrualAdjustment
505000
CY2013Q2 us-gaap Gross Profit
GrossProfit
204124
CY2013Q2 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-5864286
CY2013Q2 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
250364
CY2013Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-14040
CY2013Q2 us-gaap Investment Income Interest
InvestmentIncomeInterest
1790
CY2013Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-6221265
CY2013Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
4054
CY2013Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
352583
CY2013Q2 us-gaap Net Income Loss
NetIncomeLoss
-5868682
CY2013Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
4396
CY2013Q2 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
4398
CY2013Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
342
CY2013Q2 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-757688
CY2013Q2 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
CY2013Q2 us-gaap Cost Of Goods Sold
CostOfGoodsSold
77573
CY2013Q2 us-gaap Interest Expense
InterestExpense
392855
CY2013Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
4804890
CY2013Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
749641
CY2013Q2 us-gaap Operating Expenses
OperatingExpenses
6425389
CY2013Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
1581521
CY2013Q2 stem Number Of Restricted Unit Would Vest Over Vesting Period
NumberOfRestrictedUnitWouldVestOverVestingPeriod
2250000 shares
CY2013Q2 stem Restricted Stock Units Vested Description After Specified Period
RestrictedStockUnitsVestedDescriptionAfterSpecifiedPeriod
25 pure
CY2013Q2 stem Number Of Restricted Unit Vest Over Next Fiscal Year
NumberOfRestrictedUnitVestOverNextFiscalYear
25000 shares
CY2013Q2 stem Additional Expense Recorded To Revise Estimated Reserve At Period End
AdditionalExpenseRecordedToReviseEstimatedReserveAtPeriodEnd
0
CY2013Q2 stem Number Of Restricted Units Vested During Period
NumberOfRestrictedUnitsVestedDuringPeriod
11765 shares
CY2013Q2 stem Share Based Compensation Impact On Basic And Diluted Earnings Per Share
ShareBasedCompensationImpactOnBasicAndDilutedEarningsPerShare
0.02
CY2013Q2 stem Wind Down Expenses
WindDownExpenses
38978
CY2013Q2 stem Revenue From Licensing Agreements And Grants
RevenueFromLicensingAgreementsAndGrants
31333
CY2013Q2 stem Restricted Stock Unit Vest Description
RestrictedStockUnitVestDescription
2,250,000 of these restricted stock units will vest and convert into shares of our common stock over a four year period

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