2013 Q4 Form 10-Q Financial Statement

#000119312513433171 Filed on November 07, 2013

View on sec.gov

Income Statement

Concept 2013 Q4 2013 Q3 2012 Q3
Revenue $6.000M $0.00 $84.00K
YoY Change 17547.06% -100.0%
Cost Of Revenue $0.00
YoY Change
Gross Profit $0.00
YoY Change
Gross Profit Margin
Selling, General & Admin $1.630M $1.460M $1.570M
YoY Change -2.98% -7.01% -29.6%
% of Gross Profit
Research & Development $940.0K $600.0K $872.6K
YoY Change 20.51% -31.24% -48.06%
% of Gross Profit
Depreciation & Amortization $10.00K $20.00K $20.00K
YoY Change -66.67% 0.0% 100.0%
% of Gross Profit
Operating Expenses $2.573M $2.242M $2.446M
YoY Change 4.81% -8.34% -37.39%
Operating Profit -$2.242M -$2.363M
YoY Change -5.09% -39.53%
Interest Expense -$10.00K $10.00K $0.00
YoY Change -100.0%
% of Operating Profit
Other Income/Expense, Net $0.00 $0.00 -$10.00K
YoY Change -100.0% -100.0%
Pretax Income $3.410M -$2.235M -$2.373M
YoY Change -240.33% -5.82% -39.0%
Income Tax $0.00 $1.806K $5.818K
% Of Pretax Income 0.0%
Net Earnings $3.413M -$2.237M -$2.379M
YoY Change -240.22% -5.97% -38.91%
Net Earnings / Revenue 56.88% -2832.14%
Basic Earnings Per Share $0.15 -$0.10
Diluted Earnings Per Share $0.14 -$0.10 -$143.5K
COMMON SHARES
Basic Shares Outstanding 22.40M shares 22.31M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2013 Q4 2013 Q3 2012 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $6.700M $10.70M $5.700M
YoY Change 67.5% 87.72% -34.48%
Cash & Equivalents $6.700M $10.66M $5.745M
Short-Term Investments
Other Short-Term Assets $1.700M $400.0K $600.0K
YoY Change 325.0% -33.33% -25.0%
Inventory
Prepaid Expenses
Receivables $6.000M
Other Receivables $0.00
Total Short-Term Assets $14.38M $11.04M $6.300M
YoY Change 225.24% 75.22% -34.38%
LONG-TERM ASSETS
Property, Plant & Equipment $82.41K $80.80K $100.0K
YoY Change 5.02% -19.2%
Goodwill $9.600M $9.600M
YoY Change 0.0%
Intangibles
YoY Change
Long-Term Investments $700.0K $700.0K $700.0K
YoY Change 0.0% 0.0% 0.0%
Other Assets
YoY Change
Total Long-Term Assets $15.16M $15.16M $15.20M
YoY Change 0.12% -0.28% 1.33%
TOTAL ASSETS
Total Short-Term Assets $14.38M $11.04M $6.300M
Total Long-Term Assets $15.16M $15.16M $15.20M
Total Assets $29.55M $26.20M $21.50M
YoY Change 50.99% 21.84% -12.6%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $33.89K $186.9K $300.0K
YoY Change -93.11% -37.7% -72.73%
Accrued Expenses $240.1K $472.4K $800.0K
YoY Change -23.68% -40.95% -66.67%
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 $460.4K $1.099M $1.200M
YoY Change -55.63% -8.38% -64.71%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $1.700M $1.700M $1.700M
YoY Change 0.0% 0.0%
Total Long-Term Liabilities $1.700M $1.700M $1.700M
YoY Change 0.0% 0.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $460.4K $1.099M $1.200M
Total Long-Term Liabilities $1.700M $1.700M $1.700M
Total Liabilities $4.120M $4.750M $4.800M
YoY Change -12.11% -1.05% -11.11%
SHAREHOLDERS EQUITY
Retained Earnings -$301.4M -$303.7M
YoY Change 1.37%
Common Stock $22.50K $22.38K
YoY Change 29.23%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.124M
YoY Change
Treasury Stock Shares 0.000 shares 0.000 shares
Shareholders Equity $25.43M $21.45M $16.70M
YoY Change
Total Liabilities & Shareholders Equity $29.55M $26.20M $21.50M
YoY Change 50.99% 21.84% -12.6%

Cashflow Statement

Concept 2013 Q4 2013 Q3 2012 Q3
OPERATING ACTIVITIES
Net Income $3.413M -$2.237M -$2.379M
YoY Change -240.22% -5.97% -38.91%
Depreciation, Depletion And Amortization $10.00K $20.00K $20.00K
YoY Change -66.67% 0.0% 100.0%
Cash From Operating Activities -$4.030M -$1.900M -$2.410M
YoY Change 84.86% -21.16% -19.13%
INVESTING ACTIVITIES
Capital Expenditures -$40.00K -$30.00K
YoY Change
Acquisitions
YoY Change
Other Investing Activities $20.00K -$20.00K $0.00
YoY Change
Cash From Investing Activities -$20.00K $20.00K -$30.00K
YoY Change -166.67%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 70.00K 530.0K 920.0K
YoY Change -84.78% -42.39% -560.0%
NET CHANGE
Cash From Operating Activities -4.030M -1.900M -2.410M
Cash From Investing Activities -20.00K 20.00K -30.00K
Cash From Financing Activities 70.00K 530.0K 920.0K
Net Change In Cash -3.980M -1.350M -1.520M
YoY Change 131.4% -11.18% -52.2%
FREE CASH FLOW
Cash From Operating Activities -$4.030M -$1.900M -$2.410M
Capital Expenditures -$40.00K -$30.00K
Free Cash Flow -$3.990M -$2.380M
YoY Change 83.03% -20.13%

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