2012 Q3 Form 10-Q Financial Statement

#000114420412045037 Filed on August 14, 2012

View on sec.gov

Income Statement

Concept 2012 Q3 2012 Q2 2011 Q2
Revenue $170.7K $37.82K $0.00
YoY Change -5.17%
Cost Of Revenue $26.77K $100.2K
YoY Change
Gross Profit $143.9K -$62.34K
YoY Change
Gross Profit Margin 84.32% -164.83%
Selling, General & Admin $1.600M $1.030M $40.00K
YoY Change -93.51% 2475.0%
% of Gross Profit 1111.7%
Research & Development $10.00K $73.97K
YoY Change
% of Gross Profit 6.95%
Depreciation & Amortization $53.94K $119.7K
YoY Change
% of Gross Profit 37.48%
Operating Expenses $1.698M $2.663M $40.00K
YoY Change -93.11% 6558.05%
Operating Profit -$1.527M -$2.625M -$39.85K
YoY Change 1166.18% 6488.37%
Interest Expense -$412.3K $71.73K $20.00K
YoY Change 106.13% 258.64%
% of Operating Profit
Other Income/Expense, Net -$50.00K $0.00
YoY Change
Pretax Income -$1.170M -$2.697M -$20.00K
YoY Change -95.26% 13385.64%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$1.814M -$2.573M -$23.01K
YoY Change 1576.42% 11081.78%
Net Earnings / Revenue -1062.92% -6804.33%
Basic Earnings Per Share
Diluted Earnings Per Share -$1.305K -$1.625K -$90.05
COMMON SHARES
Basic Shares Outstanding 5.750M
Diluted Shares Outstanding

Balance Sheet

Concept 2012 Q3 2012 Q2 2011 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $0.00 $0.00 $200.0K
YoY Change -100.0%
Cash & Equivalents $2.653M $1.534M
Short-Term Investments
Other Short-Term Assets $46.20M $46.20M $46.30M
YoY Change -0.22%
Inventory
Prepaid Expenses $3.537K $24.76K
Receivables
Other Receivables
Total Short-Term Assets $46.20M $46.20M $46.40M
YoY Change -0.43% 46300.0%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets -$18.41K $4.822K $0.00
YoY Change
TOTAL ASSETS
Total Short-Term Assets $46.20M $46.20M $46.40M
Total Long-Term Assets -$18.41K $4.822K $0.00
Total Assets $46.18M $46.20M $46.40M
YoY Change -0.42% 46300.0%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.313M $224.4K $100.0K
YoY Change 124.42%
Accrued Expenses
YoY Change
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 $2.200M $900.0K $100.0K
YoY Change 800.0%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $2.200M $900.0K $100.0K
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $2.164M $905.7K $100.0K
YoY Change 805.68%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $345.00 $345.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $20.98M $22.26M $46.30M
YoY Change
Total Liabilities & Shareholders Equity $46.18M $46.20M $46.40M
YoY Change -0.42% 46300.0%

Cashflow Statement

Concept 2012 Q3 2012 Q2 2011 Q2
OPERATING ACTIVITIES
Net Income -$1.814M -$2.573M -$23.01K
YoY Change 1576.42% 11081.78%
Depreciation, Depletion And Amortization $53.94K $119.7K
YoY Change
Cash From Operating Activities -$6.270M -$1.580M -$40.00K
YoY Change 31250.0% 3850.0%
INVESTING ACTIVITIES
Capital Expenditures -$30.00K $130.0K
YoY Change
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00 $0.00
YoY Change
Cash From Investing Activities $30.00K -$130.0K $0.00
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 7.380M 2.620M 0.000
YoY Change -100.0%
NET CHANGE
Cash From Operating Activities -6.270M -1.580M -40.00K
Cash From Investing Activities 30.00K -130.0K 0.000
Cash From Financing Activities 7.380M 2.620M 0.000
Net Change In Cash 1.140M 910.0K -40.00K
YoY Change -5800.0% -2375.0% -233.33%
FREE CASH FLOW
Cash From Operating Activities -$6.270M -$1.580M -$40.00K
Capital Expenditures -$30.00K $130.0K
Free Cash Flow -$6.240M -$1.710M
YoY Change

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us-gaap Use Of Estimates
UseOfEstimates
<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <div> <div><!--StartFragment--> <p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> <strong>Use of estimates</strong></p> <p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> &nbsp;</p> <p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</p> <!--EndFragment--></div> </div>

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