2011 Q4 Form 10-Q Financial Statement
#000114420411061199 Filed on November 03, 2011
Income Statement
Concept | 2011 Q4 | 2011 Q3 | 2010 Q4 |
---|---|---|---|
Revenue | $40.00K | $368.0K | $100.0K |
YoY Change | -60.0% | 250.03% | 42.86% |
Cost Of Revenue | $30.00K | $346.7K | $70.00K |
YoY Change | -57.14% | 529.68% | -12.5% |
Gross Profit | $10.00K | $21.27K | $40.00K |
YoY Change | -75.0% | -57.51% | -300.0% |
Gross Profit Margin | 25.0% | 5.78% | 40.0% |
Selling, General & Admin | $310.0K | $380.0K | $270.0K |
YoY Change | 14.81% | -22.45% | -50.0% |
% of Gross Profit | 3100.0% | 1786.39% | 675.0% |
Research & Development | $0.00 | $2.320K | $0.00 |
YoY Change | -91.46% | -100.0% | |
% of Gross Profit | 0.0% | 10.91% | 0.0% |
Depreciation & Amortization | $50.00K | $50.00K | $50.00K |
YoY Change | 0.0% | 25.0% | 25.0% |
% of Gross Profit | 500.0% | 235.05% | 125.0% |
Operating Expenses | $310.0K | $386.2K | $270.0K |
YoY Change | 14.81% | -24.7% | -51.79% |
Operating Profit | -$300.0K | -$365.0K | -$230.0K |
YoY Change | 30.43% | -21.15% | -60.34% |
Interest Expense | $0.00 | $8.483K | $0.00 |
YoY Change | |||
% of Operating Profit | |||
Other Income/Expense, Net | $5.415K | ||
YoY Change | |||
Pretax Income | -$300.0K | -$360.0K | -$240.0K |
YoY Change | 25.0% | -21.74% | -57.89% |
Income Tax | $0.00 | $0.00 | $0.00 |
% Of Pretax Income | |||
Net Earnings | -$300.0K | -$359.5K | -$240.0K |
YoY Change | 25.0% | -22.32% | -57.89% |
Net Earnings / Revenue | -750.0% | -97.71% | -240.0% |
Basic Earnings Per Share | |||
Diluted Earnings Per Share | -$315.8K | -$409.1K | -$387.1K |
COMMON SHARES | |||
Basic Shares Outstanding | 69.66M | 65.72M shares | |
Diluted Shares Outstanding | 65.72M |
Balance Sheet
Concept | 2011 Q4 | 2011 Q3 | 2010 Q4 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $90.00K | $20.00K | $70.00K |
YoY Change | 28.57% | 0.0% | -84.44% |
Cash & Equivalents | $91.64K | $22.08K | $66.49K |
Short-Term Investments | |||
Other Short-Term Assets | $6.653K | $29.28K | $14.22K |
YoY Change | -53.21% | -26.81% | -52.6% |
Inventory | $145.0K | $54.02K | $34.57K |
Prepaid Expenses | |||
Receivables | $129.8K | $212.8K | $29.96K |
Other Receivables | $0.00 | $0.00 | $0.00 |
Total Short-Term Assets | $373.1K | $318.2K | $145.2K |
YoY Change | 156.87% | 112.11% | -70.95% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $299.2K | $267.2K | $366.3K |
YoY Change | -18.3% | -16.51% | 46.5% |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $25.97K | $10.97K | $10.97K |
YoY Change | 136.71% | ||
Total Long-Term Assets | $325.2K | $278.1K | $377.2K |
YoY Change | -13.79% | -15.72% | 45.09% |
TOTAL ASSETS | |||
Total Short-Term Assets | $373.1K | $318.2K | $145.2K |
Total Long-Term Assets | $325.2K | $278.1K | $377.2K |
Total Assets | $698.3K | $596.3K | $522.5K |
YoY Change | 33.65% | 24.23% | -31.25% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | |||
YoY Change | |||
Accrued Expenses | $120.0K | $130.0K | $150.0K |
YoY Change | -20.0% | ||
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $20.00K |
YoY Change | -100.0% | -100.0% | |
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $563.3K | $387.0K | $480.7K |
YoY Change | 17.18% | -15.87% | 71.68% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Other Long-Term Liabilities | |||
YoY Change | |||
Total Long-Term Liabilities | $563.3K | $0.00 | $480.7K |
YoY Change | 17.18% | ||
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $563.3K | $387.0K | $480.7K |
Total Long-Term Liabilities | $563.3K | $0.00 | $480.7K |
Total Liabilities | $563.3K | $387.0K | $480.7K |
YoY Change | 17.18% | -15.87% | 71.68% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$12.71M | -$12.41M | -$11.25M |
YoY Change | 13.04% | ||
Common Stock | $12.85M | $12.62M | $11.29M |
YoY Change | 13.82% | ||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $135.0K | $209.3K | $41.77K |
YoY Change | |||
Total Liabilities & Shareholders Equity | $698.3K | $596.3K | $522.5K |
YoY Change | 33.65% | 24.23% | -31.25% |
Cashflow Statement
Concept | 2011 Q4 | 2011 Q3 | 2010 Q4 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$300.0K | -$359.5K | -$240.0K |
YoY Change | 25.0% | -22.32% | -57.89% |
Depreciation, Depletion And Amortization | $50.00K | $50.00K | $50.00K |
YoY Change | 0.0% | 25.0% | 25.0% |
Cash From Operating Activities | -$30.00K | -$300.0K | -$100.0K |
YoY Change | -70.0% | 87.5% | -72.97% |
INVESTING ACTIVITIES | |||
Capital Expenditures | -$30.00K | -$10.00K | -$40.00K |
YoY Change | -25.0% | 0.0% | 33.33% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | |||
YoY Change | |||
Cash From Investing Activities | -$30.00K | -$10.00K | -$40.00K |
YoY Change | -25.0% | 0.0% | -108.51% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 120.0K | 0.000 | 180.0K |
YoY Change | -33.33% | -100.0% | |
NET CHANGE | |||
Cash From Operating Activities | -30.00K | -300.0K | -100.0K |
Cash From Investing Activities | -30.00K | -10.00K | -40.00K |
Cash From Financing Activities | 120.0K | 0.000 | 180.0K |
Net Change In Cash | 60.00K | -310.0K | 40.00K |
YoY Change | 50.0% | 675.0% | -60.0% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$30.00K | -$300.0K | -$100.0K |
Capital Expenditures | -$30.00K | -$10.00K | -$40.00K |
Free Cash Flow | $0.00 | -$290.0K | -$60.00K |
YoY Change | -100.0% | 93.33% | -82.35% |
Facts In Submission
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AmortizationOfDebtDiscountPremium
|
24051 | ||
us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
0 | ||
gtxo |
Change In Fair Value Of Derivative Liability
ChangeInFairValueOfDerivativeLiability
|
-14500 | ||
gtxo |
Change In Fair Value Of Derivative Liability
ChangeInFairValueOfDerivativeLiability
|
0 | ||
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-182828 | ||
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-29044 | ||
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
33051 | ||
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
-53079 | ||
us-gaap |
Increase Decrease In Operating Assets
IncreaseDecreaseInOperatingAssets
|
-15058 | ||
us-gaap |
Increase Decrease In Operating Assets
IncreaseDecreaseInOperatingAssets
|
12390 | ||
us-gaap |
Increase Decrease In Accounts Payable Related Parties
IncreaseDecreaseInAccountsPayableRelatedParties
|
99032 | ||
us-gaap |
Increase Decrease In Accounts Payable Related Parties
IncreaseDecreaseInAccountsPayableRelatedParties
|
0 | ||
us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
-23267 | ||
us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
0 | ||
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-640225 | ||
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-743892 | ||
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
39450 | ||
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
119240 | ||
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-39450 | ||
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-119240 | ||
gtxo |
Proceeds From Loan Payable Net
ProceedsFromLoanPayableNet
|
-10000 | ||
gtxo |
Proceeds From Loan Payable Net
ProceedsFromLoanPayableNet
|
-45000 | ||
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
625262 | ||
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
382658 | ||
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
635262 | ||
CY2009Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
454667 | |
CY2010Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
19193 | |
us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
0 | ||
us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
0 | ||
us-gaap |
Interest Paid
InterestPaid
|
308 | ||
us-gaap |
Interest Paid
InterestPaid
|
0 | ||
us-gaap |
Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
|
61548 | ||
us-gaap |
Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
|
85300 | ||
us-gaap |
Payments To Acquire Other Productive Assets
PaymentsToAcquireOtherProductiveAssets
|
0 | ||
us-gaap |
Payments To Acquire Other Productive Assets
PaymentsToAcquireOtherProductiveAssets
|
38249 | ||
gtxo |
Noncash Payment For Accrued Wages
NoncashPaymentForAccruedWages
|
120000 | ||
gtxo |
Noncash Payment For Accrued Wages
NoncashPaymentForAccruedWages
|
0 | ||
gtxo |
Issuance Of Common Stock For Conversion Of Notes Payable
IssuanceOfCommonStockForConversionOfNotesPayable
|
97000 | ||
gtxo |
Issuance Of Common Stock For Conversion Of Notes Payable
IssuanceOfCommonStockForConversionOfNotesPayable
|
0 |