2013 Q4 Form 10-Q Financial Statement

#000114420413061602 Filed on November 14, 2013

View on sec.gov

Income Statement

Concept 2013 Q4 2013 Q3 2012 Q4
Revenue $200.0K $40.00K $70.00K
YoY Change 185.71% -40.3% -36.36%
Cost Of Revenue $360.0K $118.0K $110.0K
YoY Change 227.27% 122.64%
Gross Profit -$160.0K -$78.00K -$40.00K
YoY Change 300.0% -657.14% -136.36%
Gross Profit Margin -80.0% -195.0% -57.14%
Selling, General & Admin $2.150M $2.798M $1.830M
YoY Change 17.49% 243.31% 96.77%
% of Gross Profit
Research & Development $70.00K $0.00 $0.00
YoY Change -100.0% -100.0%
% of Gross Profit
Depreciation & Amortization $140.0K $120.0K $60.00K
YoY Change 133.33% 140.0% -14.29%
% of Gross Profit
Operating Expenses $2.220M $2.824M $1.830M
YoY Change 21.31% 242.3% 81.19%
Operating Profit -$2.380M -$2.902M -$1.870M
YoY Change 27.27% 257.83% 107.78%
Interest Expense -$10.00K $20.00K $510.0K
YoY Change -101.96% -93.94%
% of Operating Profit
Other Income/Expense, Net $16.00K $0.00
YoY Change -95.17% -100.0%
Pretax Income -$2.390M -$2.886M -$1.710M
YoY Change 39.77% 501.25% 87.91%
Income Tax $0.00 $0.00 $20.00K
% Of Pretax Income
Net Earnings -$2.030M -$2.654M -$1.130M
YoY Change 79.65% 627.12% 175.61%
Net Earnings / Revenue -1015.0% -6635.0% -1614.29%
Basic Earnings Per Share
Diluted Earnings Per Share -$272.8K -$411.5K -$434.6K
COMMON SHARES
Basic Shares Outstanding 7.605M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2013 Q4 2013 Q3 2012 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $4.600M $5.000M $3.400M
YoY Change 35.29% 2.04% -8.11%
Cash & Equivalents $4.642M $5.049M $3.443M
Short-Term Investments
Other Short-Term Assets $100.0K $100.0K $300.0K
YoY Change -66.67% 0.0% 0.0%
Inventory $0.00
Prepaid Expenses
Receivables $43.00K $10.00K $9.000K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $4.817M $5.203M $3.792M
YoY Change 27.03% 4.06% -9.8%
LONG-TERM ASSETS
Property, Plant & Equipment $45.00K $44.00K $25.00K
YoY Change 80.0% -10.71%
Goodwill $6.444M $4.948M $0.00
YoY Change
Intangibles $2.423M $2.488M $1.795M
YoY Change 34.99%
Long-Term Investments $0.00
YoY Change -100.0%
Other Assets $4.000K $2.000K $0.00
YoY Change -99.6%
Total Long-Term Assets $9.056M $7.620M $3.859M
YoY Change 134.67% 231.3% 1585.15%
TOTAL ASSETS
Total Short-Term Assets $4.817M $5.203M $3.792M
Total Long-Term Assets $9.056M $7.620M $3.859M
Total Assets $13.87M $12.82M $7.651M
YoY Change 81.32% 75.66% 72.59%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $228.0K $164.0K $242.0K
YoY Change -5.79% -45.33% 13.62%
Accrued Expenses $94.00K $57.00K $272.0K
YoY Change -65.44% -71.5% -45.82%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $985.0K $637.0K $581.0K
YoY Change 69.54% 27.4% -26.08%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0%
Other Long-Term Liabilities $0.00 $0.00 $7.200M
YoY Change -100.0% -100.0%
Total Long-Term Liabilities $0.00 $0.00 $7.200M
YoY Change -100.0% -100.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $985.0K $637.0K $581.0K
Total Long-Term Liabilities $0.00 $0.00 $7.200M
Total Liabilities $985.0K $637.0K $7.747M
YoY Change -87.29% -91.27% 885.62%
SHAREHOLDERS EQUITY
Retained Earnings -$293.8M -$291.8M -$283.6M
YoY Change 3.6% 1.29%
Common Stock $304.9M $301.7M $283.0M
YoY Change 7.74% -0.09%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $10.78M $9.608M -$911.0K
YoY Change
Total Liabilities & Shareholders Equity $13.87M $12.82M $7.651M
YoY Change 81.32% 75.66% 72.59%

Cashflow Statement

Concept 2013 Q4 2013 Q3 2012 Q4
OPERATING ACTIVITIES
Net Income -$2.030M -$2.654M -$1.130M
YoY Change 79.65% 627.12% 175.61%
Depreciation, Depletion And Amortization $140.0K $120.0K $60.00K
YoY Change 133.33% 140.0% -14.29%
Cash From Operating Activities -$1.250M -$2.000M -$1.650M
YoY Change -24.24% 156.41% 385.29%
INVESTING ACTIVITIES
Capital Expenditures -$10.00K -$100.0K -$10.00K
YoY Change 0.0% -50.0% 0.0%
Acquisitions
YoY Change
Other Investing Activities $10.00K $650.0K -$20.00K
YoY Change -150.0% 242.11%
Cash From Investing Activities $10.00K $540.0K -$20.00K
YoY Change -150.0% -2800.0% 100.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 840.0K 150.0K 320.0K
YoY Change 162.5% -50.0%
NET CHANGE
Cash From Operating Activities -1.250M -2.000M -1.650M
Cash From Investing Activities 10.00K 540.0K -20.00K
Cash From Financing Activities 840.0K 150.0K 320.0K
Net Change In Cash -400.0K -1.310M -1.350M
YoY Change -70.37% 63.75% -565.52%
FREE CASH FLOW
Cash From Operating Activities -$1.250M -$2.000M -$1.650M
Capital Expenditures -$10.00K -$100.0K -$10.00K
Free Cash Flow -$1.240M -$1.900M -$1.640M
YoY Change -24.39% 227.59% 396.97%

Facts In Submission

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CY2013Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
75000000 shares
CY2012Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
75000000 shares
CY2013Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
7605100 shares
CY2013Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
7605100 shares
CY2012Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
3251187 shares
CY2012Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
3251187 shares
CY2013Q2 us-gaap Business Acquisition Percentage Of Voting Interests Acquired
BusinessAcquisitionPercentageOfVotingInterestsAcquired
0.6312 pure
us-gaap Proceeds From Divestiture Of Interest In Consolidated Subsidiaries
ProceedsFromDivestitureOfInterestInConsolidatedSubsidiaries
1500000 USD
mgt Adjustments To Additional Paid In Capital Reclassification Of Preferred Warrants Into Equity
AdjustmentsToAdditionalPaidInCapitalReclassificationOfPreferredWarrantsIntoEquity
8206000 USD
mgt Adjustments To Additional Paid In Capital Reclassification Of Warrants Into Equity
AdjustmentsToAdditionalPaidInCapitalReclassificationOfWarrantsIntoEquity
1164000 USD
mgt Quarterly Dividend Preferred Stock Value
QuarterlyDividendPreferredStockValue
-69000 USD
mgt Conversion Of Preferred Stock To Common Stock Value
ConversionOfPreferredStockToCommonStockValue
0 USD
us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
191000 USD
mgt Conversion Of Warrants To Common Stock Value
ConversionOfWarrantsToCommonStockValue
440000 USD
mgt Conversion Of Series Preferred Stock To Warrants Value
ConversionOfSeriesPreferredStockToWarrantsValue
2761000 USD
us-gaap Stock Issued During Period Value Purchase Of Assets
StockIssuedDuringPeriodValuePurchaseOfAssets
202000 USD
us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
4900000 USD
us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
1316000 USD
mgt Adjustments To Additional Paid In Capital Sharebased Compensation Modification Of Warrants
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationModificationOfWarrants
599000 USD
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1054000 USD
us-gaap Depreciation
Depreciation
21000 USD
us-gaap Depreciation
Depreciation
23000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
2370000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
449000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
244000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
68000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
0 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
115000 USD
mgt Amortization Of Convertible Note Discount
AmortizationOfConvertibleNoteDiscount
0 USD
mgt Amortization Of Convertible Note Discount
AmortizationOfConvertibleNoteDiscount
183000 USD
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
0 USD
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-2000 USD
us-gaap Gain Loss On Disposition Of Intangible Assets
GainLossOnDispositionOfIntangibleAssets
750000 USD
us-gaap Gain Loss On Disposition Of Intangible Assets
GainLossOnDispositionOfIntangibleAssets
0 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
1000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-77000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-223000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-260000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
0 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-36000 USD
us-gaap Increase Decrease In Security Deposits
IncreaseDecreaseInSecurityDeposits
0 USD
us-gaap Increase Decrease In Security Deposits
IncreaseDecreaseInSecurityDeposits
180000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-78000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
41000 USD
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-215000 USD
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-299000 USD
us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
130000 USD
us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
-40000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-3805000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-1818000 USD
mgt Release Of Restricted Cash And Cash Equivalents
ReleaseOfRestrictedCashAndCashEquivalents
1901000 USD
mgt Release Of Restricted Cash And Cash Equivalents
ReleaseOfRestrictedCashAndCashEquivalents
0 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
8000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
12000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
2214000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-226000 USD
mgt Payments For Reverse Or Forward Stock Split
PaymentsForReverseOrForwardStockSplit
0 USD
mgt Payments For Reverse Or Forward Stock Split
PaymentsForReverseOrForwardStockSplit
5000 USD
us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
0 USD
us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
3500000 USD
mgt Payments For Convertible Note Issuance Costs
PaymentsForConvertibleNoteIssuanceCosts
0 USD
mgt Payments For Convertible Note Issuance Costs
PaymentsForConvertibleNoteIssuanceCosts
-372000 USD
us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
0 USD
us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
3197000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
3197000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
3123000 USD
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
0 USD
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
81000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
1606000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
1160000 USD
CY2011Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
3704000 USD
CY2012Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
4864000 USD
CY2013Q3 us-gaap Convertible Preferred Stock Shares Issued Upon Conversion
ConvertiblePreferredStockSharesIssuedUponConversion
15748 shares
mgt Warrants Antidilutive
WarrantsAntidilutive
1534321 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
6 shares
CY2013Q3 mgt Warrants Antidilutive
WarrantsAntidilutive
1534321 shares
CY2012Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
6 shares
CY2012Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
346000 shares
CY2012Q3 us-gaap Convertible Preferred Stock Shares Issued Upon Conversion
ConvertiblePreferredStockSharesIssuedUponConversion
1166667 shares
CY2013Q3 mgt Business Acquistion Purchase Price Allocation Assets Acquired
BusinessAcquistionPurchasePriceAllocationAssetsAcquired
339000 USD
CY2013Q3 mgt Business Acquisition Total Fair Value Of Equity
BusinessAcquisitionTotalFairValueOfEquity
3018000 USD
CY2013Q3 mgt Business Acquisition Of Entity Cash Paid
BusinessAcquisitionOfEntityCashPaid
202000 USD
CY2013Q3 mgt Business Acquisition Aggregate Purchase Consideration
BusinessAcquisitionAggregatePurchaseConsideration
3220000 USD
CY2013Q3 mgt Fair Value Of Noncontrolling Interest
FairValueOfNoncontrollingInterest
1882000 USD
CY2013Q3 mgt Business Acquisition Aggregate Fair Value Of Enterprise
BusinessAcquisitionAggregateFairValueOfEnterprise
5102000 USD
CY2013Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssets
-69000 USD
CY2013Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Property Plant And Equipment
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment
4000 USD
CY2013Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssets
-65000 USD
CY2013Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired Goodwill And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredGoodwillAndLiabilitiesAssumedNet
5102000 USD
mgt Gross Proceeds From Sale Of Medical Patents
GrossProceedsFromSaleOfMedicalPatents
1500000 USD
mgt Foreign Withholding Tax Amount
ForeignWithholdingTaxAmount
248000 USD
mgt Escrow Agent Fee
EscrowAgentFee
1000 USD
mgt Net Proceeds From Sale Of Medical Patents
NetProceedsFromSaleOfMedicalPatents
750000 USD
mgt Cash Received On Sale Of Patent
CashReceivedOnSaleOfPatent
651000 USD
CY2013Q2 us-gaap Escrow Deposit
EscrowDeposit
99000 USD
us-gaap Restricted Cash And Cash Equivalent Item Description
RestrictedCashAndCashEquivalentItemDescription
Restricted cash includes $99 held in escrow relating to the sale of the Companys portfolio of medical imaging patents pending reclaim of foreign withholding tax.
CY2013Q3 mgt Cash And Cash Equivalents Including Restricted Cash
CashAndCashEquivalentsIncludingRestrictedCash
5049000 USD
CY2013Q3 us-gaap Cash Fdic Insured Amount
CashFDICInsuredAmount
405000 USD
CY2012Q4 mgt Cash Maintenance Provision Limit On Shares
CashMaintenanceProvisionLimitOnShares
345012 shares
mgt Amount Released Out Of Restricted Cash
AmountReleasedOutOfRestrictedCash
2000000 USD
us-gaap Minority Interest Decrease From Redemptions
MinorityInterestDecreaseFromRedemptions
1882000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
-379000 USD
mgt Minority Interest Decrease From Redemptions One
MinorityInterestDecreaseFromRedemptionsOne
191000 USD
CY2012Q3 mgt Payment Towards Consultation Services
PaymentTowardsConsultationServices
0 USD
mgt Payment Towards Consultation Services
PaymentTowardsConsultationServices
0 USD
us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
4948000 USD
CY2013Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
362000 USD
CY2012Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
118000 USD
CY2013Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
2488000 USD
CY2012Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
1795000 USD
CY2012Q4 us-gaap Finite Lived Intangible Assets Fair Value Disclosure
FiniteLivedIntangibleAssetsFairValueDisclosure
1913000 USD
CY2012 mgt Finite Lived Intangible Asset Acquired Cash Paid
FiniteLivedIntangibleAssetAcquiredCashPaid
200000 USD
CY2012 mgt Warrant Term
WarrantTerm
P4Y
CY2012 mgt Stock Issued During Period Shares Purchase Of Warrants
StockIssuedDuringPeriodSharesPurchaseOfWarrants
350000 shares
CY2012Q4 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights
4.00
CY2013Q2 mgt Intangible Assets Consideration Paid
IntangibleAssetsConsiderationPaid
25000 USD
CY2013Q2 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
403029 shares
CY2013Q2 us-gaap Fair Value Assumptions Expected Volatility Rate
FairValueAssumptionsExpectedVolatilityRate
0.75 pure
CY2013Q2 us-gaap Fair Value Assumptions Exercise Price
FairValueAssumptionsExercisePrice
3.85
CY2013Q2 us-gaap Fair Value Assumptions Risk Free Interest Rate
FairValueAssumptionsRiskFreeInterestRate
0.00850 pure
CY2013Q2 us-gaap Fair Value Assumptions Expected Term
FairValueAssumptionsExpectedTerm
P4Y5M8D
CY2013Q2 us-gaap Fair Value Assumptions Expected Volatility Rate
FairValueAssumptionsExpectedVolatilityRate
0.75 pure
CY2013Q2 us-gaap Fair Value Assumptions Exercise Price
FairValueAssumptionsExercisePrice
3.85
CY2013Q2 us-gaap Share Price
SharePrice
5.03
CY2013Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
504000 USD
CY2012Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
1100000 USD
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P5M26D
CY2013Q2 mgt Adjustments To Additional Paid In Capital Reclassification Of Warrants Into Equity
AdjustmentsToAdditionalPaidInCapitalReclassificationOfWarrantsIntoEquity
1164000 USD
CY2013Q2 us-gaap Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
1164000 USD
mgt Gain Loss On Mark To Market Of Intangible Assets
GainLossOnMarkToMarketOfIntangibleAssets
605000 USD
CY2013Q3 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
0 USD
CY2012Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
7166000 USD
CY2012Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
7166000 USD
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Purchases Sales Issuances Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchasesSalesIssuancesSettlements
0 USD
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Instruments Classified In Shareholders Equity Transfers Net
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisInstrumentsClassifiedInShareholdersEquityTransfersNet
-9370000 USD
CY2013Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
0 USD
CY2013Q3 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights
3.85
CY2013Q2 mgt Warrants Exercised By Holders
WarrantsExercisedByHolders
715742 shares
CY2013Q2 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
1680000 USD
CY2013Q2 us-gaap Fair Value Assumptions Expected Term
FairValueAssumptionsExpectedTerm
P4Y5M8D
us-gaap Use Of Estimates
UseOfEstimates
<div style="clear:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="clear:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"> <i><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman,serif">Use of estimates</font></i></div> <div style="clear:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt; TEXT-JUSTIFY: inter-ideograph; LINE-HEIGHT: normal; TEXT-INDENT: 0.5in" align="justify"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman,serif"> &#160;</font></div> <div style="clear:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt; TEXT-JUSTIFY: inter-ideograph; LINE-HEIGHT: normal; TEXT-INDENT: 0.5in" align="justify"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman,serif">The preparation of the condensed consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the amount of assets and liabilities and disclosure of contingent liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.</font></div> </div> <table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
us-gaap Conversion Of Stock Shares Issued1
ConversionOfStockSharesIssued1
1400487 shares
CY2012Q4 mgt Issuance Of Warrants To Purchase Of Common Stock
IssuanceOfWarrantsToPurchaseOfCommonStock
400000 shares
mgt Reduction In Cash Consideration
ReductionInCashConsideration
108000 USD
CY2013Q2 mgt Issuance Of Warrants To Purchase Of Common Stock
IssuanceOfWarrantsToPurchaseOfCommonStock
200000 shares
CY2013Q2 mgt Reduction In Future Cash Consideration
ReductionInFutureCashConsideration
20000 USD
CY2013Q2 mgt Consideration Of Month To Month Service Agreement
ConsiderationOfMonthToMonthServiceAgreement
15000 USD
mgt Warrant Expenses
WarrantExpenses
0 USD
mgt Warrant Expenses
WarrantExpenses
97000 USD
us-gaap Proceeds From Sale Of Intangible Assets
ProceedsFromSaleOfIntangibleAssets
750000 USD
us-gaap Proceeds From Sale Of Intangible Assets
ProceedsFromSaleOfIntangibleAssets
0 USD
us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
255000 USD
us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
336000 USD
us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
-8526000 USD
us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
-2471000 USD
mgt Business Acquisition Pro Forma Earnings Per Share Basic And Diluted
BusinessAcquisitionProFormaEarningsPerShareBasicAndDiluted
-1.56
mgt Business Acquisition Pro Forma Earnings Per Share Basic And Diluted
BusinessAcquisitionProFormaEarningsPerShareBasicAndDiluted
-1.16
mgt Business Acquisition Pro Forma Shares Outstanding Basic And Diluted
BusinessAcquisitionProFormaSharesOutstandingBasicAndDiluted
5453049 shares
mgt Business Acquisition Pro Forma Shares Outstanding Basic And Diluted
BusinessAcquisitionProFormaSharesOutstandingBasicAndDiluted
2128891 shares
CY2013Q2 us-gaap Customer Deposits Current
CustomerDepositsCurrent
46000 USD
CY2013Q3 mgt Share Based Compensation Arrangement By Share Based Payment Award Weighted Average Exercise Price Warrants Outstanding
ShareBasedCompensationArrangementByShareBasedPaymentAwardWeightedAverageExercisePriceWarrantsOutstanding
3.60
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
6000 shares
CY2013Q3 mgt Revenue
Revenue
40000 USD
CY2012Q3 mgt Revenue
Revenue
67000 USD
mgt Revenue
Revenue
193000 USD
mgt Revenue
Revenue
336000 USD
CY2013Q3 mgt Common Stock Purchase Warrant Exercised
CommonStockPurchaseWarrantExercised
50000 shares
mgt Common Stock Purchase Warrant Exercised
CommonStockPurchaseWarrantExercised
357204 shares
mgt Common Stock Purchase Warrant Exercise Price
CommonStockPurchaseWarrantExercisePrice
3.00
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
89000 USD
us-gaap Interest Paid
InterestPaid
0 USD
us-gaap Interest Paid
InterestPaid
23000 USD
mgt Stock Issued For Service In Connection With Issuance Of Convertible Note
StockIssuedForServiceInConnectionWithIssuanceOfConvertibleNote
0 USD
mgt Stock Issued For Service In Connection With Issuance Of Convertible Note
StockIssuedForServiceInConnectionWithIssuanceOfConvertibleNote
315000 USD
mgt Stock Issued In Connection With Issuance Of Convertible Note
StockIssuedInConnectionWithIssuanceOfConvertibleNote
0 USD
mgt Stock Issued In Connection With Issuance Of Convertible Note
StockIssuedInConnectionWithIssuanceOfConvertibleNote
500000 USD
us-gaap Debt Instrument Convertible Beneficial Conversion Feature
DebtInstrumentConvertibleBeneficialConversionFeature
0 USD
us-gaap Debt Instrument Convertible Beneficial Conversion Feature
DebtInstrumentConvertibleBeneficialConversionFeature
500000 USD
mgt Fair Value Of Intangible Asset Contributed By Non Controlling Interest
FairValueOfIntangibleAssetContributedByNonControllingInterest
192000 USD
mgt Fair Value Of Intangible Asset Contributed By Non Controlling Interest
FairValueOfIntangibleAssetContributedByNonControllingInterest
862000 USD
mgt Adjustments To Additional Paid In Capital Warrant Issued In Connection With Acquisition Of Intangible Assets
AdjustmentsToAdditionalPaidInCapitalWarrantIssuedInConnectionWithAcquisitionOfIntangibleAssets
0 USD
mgt Adjustments To Additional Paid In Capital Warrant Issued In Connection With Acquisition Of Intangible Assets
AdjustmentsToAdditionalPaidInCapitalWarrantIssuedInConnectionWithAcquisitionOfIntangibleAssets
851000 USD
mgt Stock Issued During Period Shares Purchased
StockIssuedDuringPeriodSharesPurchased
0 USD
mgt Stock Issued During Period Shares Purchased
StockIssuedDuringPeriodSharesPurchased
141000 USD
us-gaap Noncash Or Part Noncash Acquisition Other Assets Acquired1
NoncashOrPartNoncashAcquisitionOtherAssetsAcquired1
27000 USD
us-gaap Noncash Or Part Noncash Acquisition Other Assets Acquired1
NoncashOrPartNoncashAcquisitionOtherAssetsAcquired1
0 USD
mgt Noncash Or Part Noncash Acquisition Security Deposit
NoncashOrPartNoncashAcquisitionSecurityDeposit
2000 USD
mgt Noncash Or Part Noncash Acquisition Security Deposit
NoncashOrPartNoncashAcquisitionSecurityDeposit
0 USD
us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
32000 USD
us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
0 USD
us-gaap Noncash Or Part Noncash Acquisition Intangible Assets Acquired1
NoncashOrPartNoncashAcquisitionIntangibleAssetsAcquired1
632000 USD
us-gaap Noncash Or Part Noncash Acquisition Intangible Assets Acquired1
NoncashOrPartNoncashAcquisitionIntangibleAssetsAcquired1
0 USD
us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
0 USD
us-gaap Noncash Or Part Noncash Acquisition Payables Assumed1
NoncashOrPartNoncashAcquisitionPayablesAssumed1
119000 USD
us-gaap Noncash Or Part Noncash Acquisition Payables Assumed1
NoncashOrPartNoncashAcquisitionPayablesAssumed1
0 USD
us-gaap Noncash Or Part Noncash Acquisition Debt Assumed1
NoncashOrPartNoncashAcquisitionDebtAssumed1
100000 USD
us-gaap Noncash Or Part Noncash Acquisition Debt Assumed1
NoncashOrPartNoncashAcquisitionDebtAssumed1
0 USD
CY2012Q3 mgt Service Agreements Expenses Incurred During Period
ServiceAgreementsExpensesIncurredDuringPeriod
0 USD
mgt Service Agreements Expenses Incurred During Period
ServiceAgreementsExpensesIncurredDuringPeriod
0 USD
CY2013Q3 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
26000 USD
CY2012Q3 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
0 USD
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
92000 USD
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
0 USD
CY2013Q3 us-gaap Share Based Compensation
ShareBasedCompensation
349000 USD
CY2012Q3 us-gaap Share Based Compensation
ShareBasedCompensation
220000 USD
CY2012Q4 mgt Share Based Compensation Arrangement By Share Based Payment Award Warrants Outstanding
ShareBasedCompensationArrangementByShareBasedPaymentAwardWarrantsOutstanding
4038753 shares
mgt Share Based Compensation Arrangement By Share Based Payment Award Warrants Issued
ShareBasedCompensationArrangementByShareBasedPaymentAwardWarrantsIssued
0 shares
mgt Share Based Compensation Arrangement By Share Based Payment Award Warrants Exercised
ShareBasedCompensationArrangementByShareBasedPaymentAwardWarrantsExercised
-2504432 shares
mgt Share Based Compensation Arrangement By Share Based Payment Award Warrants Expired
ShareBasedCompensationArrangementByShareBasedPaymentAwardWarrantsExpired
0 shares
CY2013Q3 mgt Share Based Compensation Arrangement By Share Based Payment Award Warrants Outstanding
ShareBasedCompensationArrangementByShareBasedPaymentAwardWarrantsOutstanding
1534321 shares
CY2012Q4 mgt Share Based Compensation Arrangement By Share Based Payment Award Weighted Average Exercise Price Warrants Outstanding
ShareBasedCompensationArrangementByShareBasedPaymentAwardWeightedAverageExercisePriceWarrantsOutstanding
3.68
mgt Share Based Compensation Arrangement By Share Based Payment Award Weighted Average Exercise Price Warrants Issued
ShareBasedCompensationArrangementByShareBasedPaymentAwardWeightedAverageExercisePriceWarrantsIssued
0
mgt Share Based Compensation Arrangement By Share Based Payment Award Weighted Average Exercise Price Warrants Exercised
ShareBasedCompensationArrangementByShareBasedPaymentAwardWeightedAverageExercisePriceWarrantsExercised
3.73
mgt Share Based Compensation Arrangement By Share Based Payment Award Weighted Average Exercise Price Warrants Expired
ShareBasedCompensationArrangementByShareBasedPaymentAwardWeightedAverageExercisePriceWarrantsExpired
0
mgt Conversion Of Warrants To Cashless Shares
ConversionOfWarrantsToCashlessShares
210529 shares
mgt Conversion Of Warrants Exercised
ConversionOfWarrantsExercised
146675 shares
mgt Maximum Number Of Warrants Allowed
MaximumNumberOfWarrantsAllowed
1431486 shares
mgt Exchange Of Warrant Into Common Stock
ExchangeOfWarrantIntoCommonStock
894683 shares
CY2013Q3 us-gaap Line Of Credit Facility Amount Outstanding
LineOfCreditFacilityAmountOutstanding
100000 USD
CY2013Q3 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
23000 USD
CY2013Q3 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
76000 USD
CY2013Q3 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
99000 USD
CY2011Q3 mgt Operating Leases Expenses For Rental Deposit Total
OperatingLeasesExpensesForRentalDepositTotal
240000 USD
CY2011Q3 mgt Refundable Rental Deposit
RefundableRentalDeposit
39000 USD
CY2012Q4 mgt Operating Leases Expenses For Rental Deposit Total
OperatingLeasesExpensesForRentalDepositTotal
2000 USD
CY2013Q3 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
53000 USD
CY2012Q3 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
24000 USD
us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
109000 USD
us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
88000 USD
CY2013Q3 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights
3.85
us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
3230000 USD
mgt Warrants Expiry Description
WarrantsExpiryDescription
all issued warrants are exercisable and expire through 2017
CY2013Q2 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights
3.85
CY2012Q4 mgt Cash Consideration Payable Towards Consulting Agreement
CashConsiderationPayableTowardsConsultingAgreement
250000 USD
CY2012Q4 mgt Issuance Of Restricted Stock
IssuanceOfRestrictedStock
120000 shares
CY2012Q4 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
504000 USD
CY2013Q3 mgt Payment Towards Consultation Services
PaymentTowardsConsultationServices
566000 USD
mgt Payment Towards Consultation Services
PaymentTowardsConsultationServices
691000 USD
CY2013Q3 mgt Service Agreements Expenses Incurred During Period
ServiceAgreementsExpensesIncurredDuringPeriod
251000 USD
mgt Service Agreements Expenses Incurred During Period
ServiceAgreementsExpensesIncurredDuringPeriod
419000 USD
CY2012Q4 mgt Operating Leases Rental Payments Terms
OperatingLeasesRentalPaymentsTerms
P24M
mgt Operating Leases Rental Payments Terms
OperatingLeasesRentalPaymentsTerms
P39M
CY2012Q4 us-gaap Lease Expiration Date1
LeaseExpirationDate1
2014-10-31
us-gaap Lease Expiration Date1
LeaseExpirationDate1
2014-11-30
us-gaap Stock Issued During Period Shares Issued For Services
StockIssuedDuringPeriodSharesIssuedForServices
16611000 shares
CY2013Q3 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
6000 USD
CY2013Q3 us-gaap Stock Issued During Period Shares Issued For Services
StockIssuedDuringPeriodSharesIssuedForServices
30000000 shares
mgt Stock Issued For Exercise Of Warrant
StockIssuedForExerciseOfWarrant
440000 USD
mgt Stock Issued For Exercise Of Warrant
StockIssuedForExerciseOfWarrant
0 USD
CY2012Q4 us-gaap Security Deposit
SecurityDeposit
2000 USD
us-gaap Conversion Of Stock Shares Converted1
ConversionOfStockSharesConverted1
1400487 shares
CY2013Q3 mgt Gain Loss On Mark To Market Of Intangible Assets
GainLossOnMarkToMarketOfIntangibleAssets
0 USD
CY2013Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
504000 USD
CY2013Q3 us-gaap Equity Method Investment Ownership Percentage
EquityMethodInvestmentOwnershipPercentage
1 pure

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