$MRZM
Marizyme Inc

2012 Q3 Form 10-K Financial Statement

#000114420412039664 Filed on July 16, 2012

View on sec.gov

Income Statement

Concept 2012 Q3 2012 Q1 2012
Revenue $5.710M $10.62M $31.94M
YoY Change -22.94% 8.92% 15.28%
Cost Of Revenue $3.210M $7.200M $18.05M
YoY Change -9.83% 33.58% 28.15%
Gross Profit $2.500M $3.420M $13.89M
YoY Change -35.06% -21.38% 1.98%
Gross Profit Margin 43.78% 32.2% 43.5%
Selling, General & Admin $4.170M $6.160M $23.32M
YoY Change -36.43% 31.62% 61.22%
% of Gross Profit 166.8% 180.12% 167.83%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $2.080M $2.490M $5.951M
YoY Change 66.4% 173.63% 47.47%
% of Gross Profit 83.2% 72.81% 42.83%
Operating Expenses $4.180M $6.170M $24.15M
YoY Change -36.28% 31.84% 51.71%
Operating Profit -$1.680M -$2.750M -$10.25M
YoY Change -38.01% 733.33% 347.1%
Interest Expense -$130.0K -$140.0K $408.9K
YoY Change -40.91% -82.05% -13.24%
% of Operating Profit
Other Income/Expense, Net $890.0K -$15.98M -$16.29M
YoY Change -165.93% -1158.28% -939.73%
Pretax Income -$920.0K -$18.86M -$26.54M
YoY Change -78.5% -4815.0% 7392.6%
Income Tax -$290.0K $10.00K -$2.546M
% Of Pretax Income
Net Earnings -$390.0K -$27.66M -$12.65M
YoY Change -79.37% 1586.59% 543.59%
Net Earnings / Revenue -6.83% -260.45% -39.6%
Basic Earnings Per Share
Diluted Earnings Per Share -$393.9K -$31.08M -$6.696M
COMMON SHARES
Basic Shares Outstanding 29.43M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2012 Q3 2012 Q1 2012
SHORT-TERM ASSETS
Cash & Short-Term Investments $740.0K $1.500M $1.150M
YoY Change -73.48% -82.42% -23.33%
Cash & Equivalents $740.0K $1.503M $1.150M
Short-Term Investments
Other Short-Term Assets $190.0K $480.0K $2.390M
YoY Change -91.52% -66.2% 397.92%
Inventory $120.0K $236.7K $0.00
Prepaid Expenses $459.4K
Receivables $3.530M $4.937M $4.910M
Other Receivables $1.180M $1.475M $680.0K
Total Short-Term Assets $5.760M $8.635M $9.140M
YoY Change -45.56% -51.69% 5.91%
LONG-TERM ASSETS
Property, Plant & Equipment $1.790M $1.597M $330.0K
YoY Change 250.98% 435.12% -79.38%
Goodwill $39.74M
YoY Change 0.14%
Intangibles
YoY Change
Long-Term Investments $270.0K $244.2K $0.00
YoY Change -91.43% -16.07% -100.0%
Other Assets $5.260M $246.1K $4.980M
YoY Change 80.14% 10.07% 18.85%
Total Long-Term Assets $57.28M $61.81M $55.67M
YoY Change -22.78% 4.79% -9.95%
TOTAL ASSETS
Total Short-Term Assets $5.760M $8.635M $9.140M
Total Long-Term Assets $57.28M $61.81M $55.67M
Total Assets $63.04M $70.45M $64.81M
YoY Change -25.63% -8.35% -8.01%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $490.0K $1.180M $50.00K
YoY Change -15.52% 42.17% -95.76%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $19.65K $0.00
YoY Change -60.76%
Long-Term Debt Due $20.00K $1.400M $10.00K
YoY Change -98.8% -6.04% -99.29%
Total Short-Term Liabilities $16.59M $19.15M $18.61M
YoY Change -6.59% 17.19% -2.82%
LONG-TERM LIABILITIES
Long-Term Debt $3.740M $3.463M $3.720M
YoY Change 16.88% 343.88% 7.51%
Other Long-Term Liabilities $1.050M $2.906M $170.0K
YoY Change -76.67% -52.57% -94.44%
Total Long-Term Liabilities $4.790M $7.717M $3.890M
YoY Change -37.79% -2.81% -40.34%
TOTAL LIABILITIES
Total Short-Term Liabilities $16.59M $19.15M $18.61M
Total Long-Term Liabilities $4.790M $7.717M $3.890M
Total Liabilities $28.70M $26.87M $30.78M
YoY Change -34.1% 10.65% -12.08%
SHAREHOLDERS EQUITY
Retained Earnings -$12.97M
YoY Change 3921.67%
Common Stock $47.93M
YoY Change 41.32%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $34.34M $35.44M $34.03M
YoY Change
Total Liabilities & Shareholders Equity $63.04M $70.45M $64.81M
YoY Change -25.63% -8.35% -8.01%

Cashflow Statement

Concept 2012 Q3 2012 Q1 2012
OPERATING ACTIVITIES
Net Income -$390.0K -$27.66M -$12.65M
YoY Change -79.37% 1586.59% 543.59%
Depreciation, Depletion And Amortization $2.080M $2.490M $5.951M
YoY Change 66.4% 173.63% 47.47%
Cash From Operating Activities $410.0K -$520.0K -$469.3K
YoY Change -126.8% -30.67% -116.87%
INVESTING ACTIVITIES
Capital Expenditures -$270.0K $570.0K $1.623M
YoY Change 12.5% -480.0% 908.07%
Acquisitions
YoY Change
Other Investing Activities -$5.610M -$3.130M $1.590M
YoY Change 53.7% -274.86% -119.51%
Cash From Investing Activities -$5.880M -$2.570M -$9.769M
YoY Change 51.16% -256.71% 190.89%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 3.070M 1.080M 3.226M
YoY Change 95.54% -82.72% -56.91%
NET CHANGE
Cash From Operating Activities 410.0K -520.0K -469.3K
Cash From Investing Activities -5.880M -2.570M -9.769M
Cash From Financing Activities 3.070M 1.080M 3.226M
Net Change In Cash -2.400M -2.010M -7.012M
YoY Change -37.66% -128.15% -201.5%
FREE CASH FLOW
Cash From Operating Activities $410.0K -$520.0K -$469.3K
Capital Expenditures -$270.0K $570.0K $1.623M
Free Cash Flow $680.0K -$1.090M -$2.093M
YoY Change -152.71% 81.67% -179.85%

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-2545711
CY2012 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-7027887
CY2012 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
236712
CY2012 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-46754
CY2012 us-gaap Operating Expenses
OperatingExpenses
24149212
CY2012 us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
22510
CY2012 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
487947
CY2012 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
6647636
CY2012 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
3225599
CY2012 us-gaap Cost Of Services
CostOfServices
11528652
CY2012 us-gaap Profit Loss
ProfitLoss
-23994214
CY2012 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.509
CY2012 gbsx Equity Profit Loss
EquityProfitLoss
-23015855
CY2012 gbsx Stock Issued During Period Value Stock Warrants Exercised
StockIssuedDuringPeriodValueStockWarrantsExercised
3482470
CY2012 gbsx Weighted Average Number Basic Diluted Shares Outstanding
WeightedAverageNumberBasicDilutedSharesOutstanding
24847525 shares
CY2012 gbsx Warrants Issued
WarrantsIssued
34000

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