2014 Form 10-K Financial Statement
#000121390014008080 Filed on November 14, 2014
Income Statement
| Concept | 2014 | 2013 |
|---|---|---|
| Revenue | $0.00 | $0.00 |
| YoY Change | ||
| Cost Of Revenue | $5.000K | $190.0K |
| YoY Change | -97.37% | |
| Gross Profit | -$5.000K | -$190.0K |
| YoY Change | -97.37% | |
| Gross Profit Margin | ||
| Selling, General & Admin | $91.29K | $160.0K |
| YoY Change | -42.94% | -223.08% |
| % of Gross Profit | ||
| Research & Development | ||
| YoY Change | ||
| % of Gross Profit | ||
| Depreciation & Amortization | $0.00 | $0.00 |
| YoY Change | ||
| % of Gross Profit | ||
| Operating Expenses | $91.29K | $160.0K |
| YoY Change | -42.94% | -223.08% |
| Operating Profit | -$96.29K | -$350.0K |
| YoY Change | -72.49% | -369.23% |
| Interest Expense | $0.00 | |
| YoY Change | ||
| % of Operating Profit | ||
| Other Income/Expense, Net | ||
| YoY Change | ||
| Pretax Income | -$96.29K | -$350.0K |
| YoY Change | -72.49% | -369.23% |
| Income Tax | $0.00 | $0.00 |
| % Of Pretax Income | ||
| Net Earnings | -$96.29K | -$310.0K |
| YoY Change | -68.94% | -338.46% |
| Net Earnings / Revenue | ||
| Basic Earnings Per Share | ||
| Diluted Earnings Per Share | -$17.70K | -$61.63K |
| COMMON SHARES | ||
| Basic Shares Outstanding | 5.439M shares | 5.034M shares |
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2014 | 2013 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $35.40K | $10.00K |
| YoY Change | 254.0% | |
| Cash & Equivalents | $0.00 | $10.00K |
| Short-Term Investments | ||
| Other Short-Term Assets | $0.00 | |
| YoY Change | ||
| Inventory | ||
| Prepaid Expenses | ||
| Receivables | $0.00 | |
| Other Receivables | $0.00 | |
| Total Short-Term Assets | $35.40K | $10.00K |
| YoY Change | 254.0% | |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $2.096M | $1.720M |
| YoY Change | 21.88% | |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | $0.00 | $20.00K |
| YoY Change | -100.0% | |
| Total Long-Term Assets | $2.116M | $1.730M |
| YoY Change | 22.33% | |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $35.40K | $10.00K |
| Total Long-Term Assets | $2.116M | $1.730M |
| Total Assets | $2.152M | $1.740M |
| YoY Change | 23.66% | |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $0.00 | $30.00K |
| YoY Change | -100.0% | 50.0% |
| Accrued Expenses | $0.00 | |
| YoY Change | ||
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $139.0K | $60.00K |
| YoY Change | 131.65% | 500.0% |
| Long-Term Debt Due | $85.00K | |
| YoY Change | ||
| Total Short-Term Liabilities | $515.3K | $380.0K |
| YoY Change | 35.6% | 375.0% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Other Long-Term Liabilities | $1.375M | $1.380M |
| YoY Change | -0.36% | |
| Total Long-Term Liabilities | $1.375M | $1.380M |
| YoY Change | -0.36% | |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $515.3K | $380.0K |
| Total Long-Term Liabilities | $1.375M | $1.380M |
| Total Liabilities | $1.903M | $1.760M |
| YoY Change | 8.11% | 2100.0% |
| 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 | $248.9K | -$20.00K |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $2.152M | $1.740M |
| YoY Change | 23.66% |
Cashflow Statement
| Concept | 2014 | 2013 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$96.29K | -$310.0K |
| YoY Change | -68.94% | -338.46% |
| Depreciation, Depletion And Amortization | $0.00 | $0.00 |
| YoY Change | ||
| Cash From Operating Activities | -$25.88K | -$320.0K |
| YoY Change | -91.91% | 3100.0% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | -$115.0K | -$120.0K |
| YoY Change | -4.16% | |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | $0.00 | |
| YoY Change | ||
| Cash From Investing Activities | -$368.8K | -$120.0K |
| YoY Change | 207.29% | |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | 430.3K | 430.0K |
| YoY Change | 0.07% | 4200.0% |
| NET CHANGE | ||
| Cash From Operating Activities | -25.88K | -320.0K |
| Cash From Investing Activities | -368.8K | -120.0K |
| Cash From Financing Activities | 430.3K | 430.0K |
| Net Change In Cash | 35.67K | -10.00K |
| YoY Change | -456.7% | |
| FREE CASH FLOW | ||
| Cash From Operating Activities | -$25.88K | -$320.0K |
| Capital Expenditures | -$115.0K | -$120.0K |
| Free Cash Flow | $89.13K | -$200.0K |
| YoY Change | -144.57% | 1900.0% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2013Q3 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
5044484 | shares |
| CY2014Q3 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
13344484 | shares |
| CY2013Q3 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
5044484 | shares |
| CY2014Q3 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
13344484 | shares |
| CY2013 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
5033875 | shares |
| CY2014 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
5439005 | shares |
| CY2014Q3 | us-gaap |
Advance Royalties Noncurrent
AdvanceRoyaltiesNoncurrent
|
20000 | USD |
