2013 Q4 Form 10-Q Financial Statement

#000110465913084544 Filed on November 14, 2013

View on sec.gov

Income Statement

Concept 2013 Q4 2013 Q3 2012 Q3
Revenue $10.37M $9.968M $8.759M
YoY Change 15.44% 13.8% 1.28%
Cost Of Revenue $4.090M $3.810M $3.270M
YoY Change 21.73% 16.51% -0.91%
Gross Profit $6.280M $6.160M $5.490M
YoY Change 11.55% 12.2% 2.62%
Gross Profit Margin 60.53% 61.8% 62.68%
Selling, General & Admin $940.0K $850.0K $820.0K
YoY Change 14.63% 3.66% 7.89%
% of Gross Profit 14.97% 13.8% 14.94%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $2.620M $2.824M $1.555M
YoY Change 84.51% 81.63% -3.03%
% of Gross Profit 41.72% 45.85% 28.32%
Operating Expenses $7.655M $7.484M $5.634M
YoY Change 36.04% 32.84% -0.55%
Operating Profit $2.720M $2.484M $3.125M
YoY Change -19.05% -20.53% 4.75%
Interest Expense -$2.400M $2.143M $1.927M
YoY Change 9.59% 11.23% -5.24%
% of Operating Profit -88.25% 86.28% 61.65%
Other Income/Expense, Net -$2.402M -$2.516M -$2.344M
YoY Change 9.82% 7.34% -7.12%
Pretax Income $320.0K -$30.00K $770.0K
YoY Change -73.33% -103.9% 67.39%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income 0.0% 0.0%
Net Earnings $317.5K -$32.87K $774.5K
YoY Change -73.21% -104.24% 69.49%
Net Earnings / Revenue 3.06% -0.33% 8.84%
Basic Earnings Per Share
Diluted Earnings Per Share $2.462M -$230.8K $5.923M
COMMON SHARES
Basic Shares Outstanding 3.109M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2013 Q4 2013 Q3 2012 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $14.00M $5.300M $5.300M
YoY Change 100.0% 0.0% 23.26%
Cash & Equivalents $14.01M $5.259M $5.322M
Short-Term Investments
Other Short-Term Assets $3.900M $5.400M $3.500M
YoY Change 25.81% 54.29% -7.89%
Inventory
Prepaid Expenses
Receivables $500.0K $600.0K $500.0K
Other Receivables $400.0K $200.0K $500.0K
Total Short-Term Assets $18.80M $11.50M $9.800M
YoY Change 70.91% 17.35% 7.69%
LONG-TERM ASSETS
Property, Plant & Equipment $152.9M $154.3M $96.10M
YoY Change 60.95% 60.56% -3.71%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $12.03M $10.65M $14.79M
YoY Change -14.02% -27.96% -16.93%
Other Assets $0.00 $0.00
YoY Change -100.0%
Total Long-Term Assets $166.5M $166.1M $111.9M
YoY Change 50.67% 48.52% -5.69%
TOTAL ASSETS
Total Short-Term Assets $18.80M $11.50M $9.800M
Total Long-Term Assets $166.5M $166.1M $111.9M
Total Assets $185.3M $177.6M $121.7M
YoY Change 52.5% 46.01% -4.73%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.200M $2.800M $2.100M
YoY Change 33.33% 33.33% 0.0%
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 $3.200M $2.800M $2.100M
YoY Change 33.33% 33.33% 0.0%
LONG-TERM LIABILITIES
Long-Term Debt $198.5M $192.0M $138.3M
YoY Change 43.74% 38.83% -0.79%
Other Long-Term Liabilities $5.500M $4.000M $3.600M
YoY Change 52.78% 11.11% -49.3%
Total Long-Term Liabilities $204.0M $196.0M $141.9M
YoY Change 43.97% 38.13% -3.14%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.200M $2.800M $2.100M
Total Long-Term Liabilities $204.0M $196.0M $141.9M
Total Liabilities $207.2M $198.8M $144.1M
YoY Change 43.83% 37.94% -3.08%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$21.80M -$21.10M -$22.40M
YoY Change
Total Liabilities & Shareholders Equity $185.3M $177.6M $121.7M
YoY Change 52.5% 46.01% -4.73%

Cashflow Statement

Concept 2013 Q4 2013 Q3 2012 Q3
OPERATING ACTIVITIES
Net Income $317.5K -$32.87K $774.5K
YoY Change -73.21% -104.24% 69.49%
Depreciation, Depletion And Amortization $2.620M $2.824M $1.555M
YoY Change 84.51% 81.63% -3.03%
Cash From Operating Activities $6.730M $1.580M $2.710M
YoY Change 91.74% -41.7% 47.28%
INVESTING ACTIVITIES
Capital Expenditures -$2.810M -$22.10M -$810.0K
YoY Change 290.28% 2628.4% 35.0%
Acquisitions
YoY Change
Other Investing Activities -$270.0K $4.210M $90.00K
YoY Change -150.0% 4577.78% -67.86%
Cash From Investing Activities -$3.090M -$17.88M -$720.0K
YoY Change 1616.67% 2383.33% 125.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 5.120M 18.27M -1.850M
YoY Change -406.59% -1087.57% 54.17%
NET CHANGE
Cash From Operating Activities 6.730M 1.580M 2.710M
Cash From Investing Activities -3.090M -17.88M -720.0K
Cash From Financing Activities 5.120M 18.27M -1.850M
Net Change In Cash 8.760M 1.970M 140.0K
YoY Change 427.71% 1307.14% -56.25%
FREE CASH FLOW
Cash From Operating Activities $6.730M $1.580M $2.710M
Capital Expenditures -$2.810M -$22.10M -$810.0K
Free Cash Flow $9.540M $23.68M $3.520M
YoY Change 125.53% 572.73% 44.26%

Facts In Submission

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CY2013Q3 us-gaap Real Estate Taxes And Insurance
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CY2013Q3 us-gaap Operating Income Loss
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CY2013Q3 us-gaap Income Loss From Continuing Operations
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CY2013Q3 us-gaap Liabilities And Stockholders Equity
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CY2012Q4 us-gaap Commitments And Contingencies
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CY2013Q3 us-gaap Commitments And Contingencies
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us-gaap Income Loss From Continuing Operations
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CY2013Q3 us-gaap Discontinued Operation Income Loss From Discontinued Operation During Phase Out Period Net Of Tax
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CY2013Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
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CY2013Q3 us-gaap Income Loss From Continuing Operations Per Outstanding Limited Partnership Unit
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CY2013Q3 us-gaap Net Income Loss
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CY2013 nen Partners Capital Account Quarterly Distribution Per Unit Of Limited Partner Interest Approved
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CY2013Q3 us-gaap Net Income Loss Per Outstanding Limited Partnership Unit
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NetIncomeLossPerOutstandingLimitedPartnershipUnit
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us-gaap Net Income Loss Per Outstanding Limited Partnership Unit
NetIncomeLossPerOutstandingLimitedPartnershipUnit
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CY2013Q3 us-gaap Weighted Average Limited Partnership Units Outstanding
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WeightedAverageLimitedPartnershipUnitsOutstanding
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WeightedAverageLimitedPartnershipUnitsOutstanding
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us-gaap Weighted Average Limited Partnership Units Outstanding
WeightedAverageLimitedPartnershipUnitsOutstanding
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us-gaap Repayments Of Secured Debt
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us-gaap Distribution Made To Member Or Limited Partner Cash Distributions Paid
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us-gaap Distribution Made To Member Or Limited Partner Cash Distributions Paid
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Cash And Cash Equivalents Period Increase Decrease
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us-gaap Finite Lived Intangible Assets Acquired
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1752000 USD
CY2013Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
1400000 USD
CY2013Q3 nen Deposits And Prepaid Financing Fees
DepositsAndPrepaidFinancingFees
1104000 USD
CY2013 nen Partners Capital Account Quarterly Distribution Per Depository Receipt Approved
PartnersCapitalAccountQuarterlyDistributionPerDepositoryReceiptApproved
0.25
CY2013Q3 nen Equity Method Investments Amount To Discontinue Applying Equity Method For Investment
EquityMethodInvestmentsAmountToDiscontinueApplyingEquityMethodForInvestment
0 USD
CY2013Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
352000 USD

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