2017 Q1 Form 10-K Financial Statement

#000156459017001547 Filed on February 14, 2017

View on sec.gov

Income Statement

Concept 2017 Q1 2015 Q4 2015 Q3
Revenue $0.00 $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $2.120M $1.820M $1.010M
YoY Change -8.62% 13.75% -30.34%
% of Gross Profit
Research & Development $800.0K $910.0K $500.0K
YoY Change -20.0% 16.67% -37.5%
% of Gross Profit
Depreciation & Amortization $7.217K $10.00K $0.00
YoY Change 75.81% 0.0% -100.0%
% of Gross Profit
Operating Expenses $3.024K $2.736K $1.594K
YoY Change -10.85% 14.81% -32.03%
Operating Profit -$3.024M -$1.594M
YoY Change -10.85% -32.03%
Interest Expense $20.00K $20.00K $10.00K
YoY Change 100.0% 100.0% 5680.35%
% of Operating Profit
Other Income/Expense, Net $0.00 -$10.00K -$20.00K
YoY Change 0.0%
Pretax Income -$3.012M -$2.730M -$1.607M
YoY Change -10.88% 14.23% -31.31%
Income Tax $4.060K $0.00 $1.383K
% Of Pretax Income
Net Earnings -$3.017K -$2.735K -$1.608K
YoY Change -10.79% 14.87% -31.28%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share -$87.46K -$91.36K -$59.78K
COMMON SHARES
Basic Shares Outstanding 34.53M 24.89M
Diluted Shares Outstanding

Balance Sheet

Concept 2017 Q1 2015 Q4 2015 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $21.60M $22.10M $23.60M
YoY Change -21.74% 88.89% 98.32%
Cash & Equivalents $21.64M $22.08M $23.61M
Short-Term Investments
Other Short-Term Assets $700.0K $600.0K $700.0K
YoY Change -36.36% 20.0% 0.0%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $22.30M $22.73M $24.30M
YoY Change -22.3% 87.31% 92.39%
LONG-TERM ASSETS
Property, Plant & Equipment $100.0K $20.43K $0.00
YoY Change -54.44% -100.0%
Goodwill $9.600M
YoY Change 0.0%
Intangibles
YoY Change
Long-Term Investments $600.0K $700.0K $700.0K
YoY Change -14.29% 0.0% 0.0%
Other Assets $109.0K $200.0K
YoY Change 918.57%
Total Long-Term Assets $15.12M $15.18M $15.30M
YoY Change -0.5% 0.26% 0.95%
TOTAL ASSETS
Total Short-Term Assets $22.30M $22.73M $24.30M
Total Long-Term Assets $15.12M $15.18M $15.30M
Total Assets $37.42M $37.91M $39.60M
YoY Change -14.75% 38.99% 42.51%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $158.1K $170.8K $400.0K
YoY Change 58.14% -63.03% 25.91%
Accrued Expenses $863.8K $1.320M $900.0K
YoY Change -13.62% 16.58% 231.32%
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 $1.022M $1.491M $1.300M
YoY Change -2.65% -6.49% 14.56%
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% 0.0%
Total Long-Term Liabilities $1.700M $1.700M $1.700M
YoY Change 0.0% 0.0% 0.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.022M $1.491M $1.300M
Total Long-Term Liabilities $1.700M $1.700M $1.700M
Total Liabilities $4.673M $5.153M $5.000M
YoY Change -0.96% -2.08% 4.11%
SHAREHOLDERS EQUITY
Retained Earnings -$333.3M -$319.4M
YoY Change 3.25% 2.85%
Common Stock $366.2M $29.96K
YoY Change 1135652.67% 22.59%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $32.75M $32.75M $34.60M
YoY Change
Total Liabilities & Shareholders Equity $37.42M $37.91M $39.60M
YoY Change -14.67% 38.99% 42.51%

Cashflow Statement

Concept 2017 Q1 2015 Q4 2015 Q3
OPERATING ACTIVITIES
Net Income -$3.017K -$2.735K -$1.608K
YoY Change -10.79% 14.87% -31.28%
Depreciation, Depletion And Amortization $7.217K $10.00K $0.00
YoY Change 75.81% 0.0% -100.0%
Cash From Operating Activities -$2.550M -$1.510M -$1.170M
YoY Change 5.37% 46.6% -26.42%
INVESTING ACTIVITIES
Capital Expenditures $0.00 $0.00 $0.00
YoY Change -100.0%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities $0.00 $0.00 $0.00
YoY Change -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 70.00K -20.00K 16.20M
YoY Change -99.12% -102.6% 53900.0%
NET CHANGE
Cash From Operating Activities -2.550M -1.510M -1.170M
Cash From Investing Activities 0.000 0.000 0.000
Cash From Financing Activities 70.00K -20.00K 16.20M
Net Change In Cash -2.480M -1.530M 15.03M
YoY Change -144.77% 488.46% -1063.46%
FREE CASH FLOW
Cash From Operating Activities -$2.550M -$1.510M -$1.170M
Capital Expenditures $0.00 $0.00 $0.00
Free Cash Flow -$2.550M -$1.510M -$1.170M
YoY Change 4.42% 46.6% -26.42%

Facts In Submission

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<div> <p style="margin-top:18pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-style:italic;font-family:Times New Roman;font-size:10pt;text-transform:none;font-variant: normal;">Use of Estimates</p> <p style="margin-top:6pt;margin-bottom:0pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;text-indent:5.24%;">The accompanying consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States (&#8220;GAAP&#8221;). The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of expenses during the reporting period. Actual results could differ from those estimates.</p></div>
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