2014 Q2 Form 10-Q Financial Statement

#000114420414024572 Filed on April 24, 2014

View on sec.gov

Income Statement

Concept 2014 Q2 2014 Q1 2013 Q1
Revenue $1.344M $1.332M $1.400M
YoY Change 15.8% -4.89% -32.74%
Cost Of Revenue $655.3K $615.1K $569.8K
YoY Change 30.76% 7.95% -49.8%
Gross Profit $688.4K $716.5K $831.7K
YoY Change 4.42% -13.85% -12.14%
Gross Profit Margin 51.23% 53.81% 59.41%
Selling, General & Admin $1.843M $1.593M $2.013M
YoY Change -1.57% -20.88% -26.12%
% of Gross Profit 267.7% 222.34% 242.1%
Research & Development $1.465M $863.7K $1.073M
YoY Change 60.29% -19.54% 9.75%
% of Gross Profit 212.78% 120.55% 129.07%
Depreciation & Amortization $40.00K $30.00K $40.00K
YoY Change 0.0% -25.0% -42.86%
% of Gross Profit 5.81% 4.19% 4.81%
Operating Expenses $3.308M $2.457M $3.087M
YoY Change 18.72% -20.41% -16.64%
Operating Profit -$2.619M -$1.740M -$2.255M
YoY Change 23.15% -22.83% -18.19%
Interest Expense $480.0K $520.0K $0.00
YoY Change -58.62%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$2.170M -$1.220M -$2.250M
YoY Change 60.74% -45.78% -18.18%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$2.171M -$1.225M -$2.253M
YoY Change 61.29% -45.66% -18.13%
Net Earnings / Revenue -161.54% -91.97% -160.96%
Basic Earnings Per Share
Diluted Earnings Per Share -$72.33M -$61.00M -$225.0M
COMMON SHARES
Basic Shares Outstanding 5.946M shares 5.946M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2014 Q2 2014 Q1 2013 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $13.69M $7.580M $6.890M
YoY Change 42.75% 10.01% -54.7%
Cash & Equivalents $13.69M $7.584M $6.886M
Short-Term Investments
Other Short-Term Assets $350.0K $480.0K $420.0K
YoY Change 9.38% 14.29% 16.67%
Inventory $600.0K $665.7K $790.0K
Prepaid Expenses
Receivables $530.0K $530.7K $530.0K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $15.18M $9.256M $8.630M
YoY Change 35.35% 7.26% -51.12%
LONG-TERM ASSETS
Property, Plant & Equipment $180.4K $198.5K $260.0K
YoY Change -21.75% -23.67% -40.52%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $0.00 $0.00 $0.00
YoY Change -100.0%
Total Long-Term Assets $181.7K $199.3K $260.0K
YoY Change -22.24% -23.33% -61.59%
TOTAL ASSETS
Total Short-Term Assets $15.18M $9.256M $8.630M
Total Long-Term Assets $181.7K $199.3K $260.0K
Total Assets $15.36M $9.456M $8.890M
YoY Change 34.18% 6.36% -51.5%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $534.5K $578.0K $230.0K
YoY Change 154.54% 151.3% -42.47%
Accrued Expenses $977.2K $791.6K $1.580M
YoY Change -7.91% -49.9% 68.37%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $10.00K
YoY Change -50.0%
Total Short-Term Liabilities $2.370M $1.970M $1.940M
YoY Change 12.23% 1.54% -17.41%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0%
Other Long-Term Liabilities $5.380M $1.440M $60.00K
YoY Change 85.52% 2300.0% -40.0%
Total Long-Term Liabilities $5.380M $1.440M $60.00K
YoY Change 85.52% 2300.0% -45.45%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.370M $1.970M $1.940M
Total Long-Term Liabilities $5.380M $1.440M $60.00K
Total Liabilities $7.750M $3.409M $2.000M
YoY Change 54.75% 70.44% -18.73%
SHAREHOLDERS EQUITY
Retained Earnings -$147.8M
YoY Change
Common Stock $595.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $7.610M $6.047M $6.900M
YoY Change
Total Liabilities & Shareholders Equity $15.36M $9.456M $8.890M
YoY Change 34.16% 6.36% -51.5%

Cashflow Statement

Concept 2014 Q2 2014 Q1 2013 Q1
OPERATING ACTIVITIES
Net Income -$2.171M -$1.225M -$2.253M
YoY Change 61.29% -45.66% -18.13%
Depreciation, Depletion And Amortization $40.00K $30.00K $40.00K
YoY Change 0.0% -25.0% -42.86%
Cash From Operating Activities -$1.830M -$1.608M -$1.802M
YoY Change -1.61% -10.76% -30.31%
INVESTING ACTIVITIES
Capital Expenditures -$20.00K $4.115K $6.064K
YoY Change 100.0% -32.14% -75.16%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$20.00K -$4.115K -$6.064K
YoY Change 100.0% -32.14% -75.16%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 7.960M $0.00 -$5.281K
YoY Change 73.8% -100.0% -100.07%
NET CHANGE
Cash From Operating Activities -1.830M -$1.608M -$1.802M
Cash From Investing Activities -20.00K -$4.115K -$6.064K
Cash From Financing Activities 7.960M $0.00 -$5.281K
Net Change In Cash 6.110M -$1.612M -$1.813M
YoY Change 125.46% -11.09% -136.84%
FREE CASH FLOW
Cash From Operating Activities -$1.830M -$1.608M -$1.802M
Capital Expenditures -$20.00K $4.115K $6.064K
Free Cash Flow -$1.810M -$1.612M -$1.808M
YoY Change -2.16% -10.83% -30.73%

Facts In Submission

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<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> <b>Use of Estimates</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> &#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make significant 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 revenue and expenses during reporting periods. Actual results could differ from those estimates.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
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5000000 USD
CY2014Q1 us-gaap Preferred Stock Discount On Shares
PreferredStockDiscountOnShares
766900 USD
CY2014Q1 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
2365934 shares
CY2013Q2 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
2365934 shares
CY2014Q1 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights
2.00
CY2014Q1 nuro Entity Date Of Incorporation
EntityDateOfIncorporation
1996-06
CY2014Q1 nuro Common Stock Warrants Remaining Liability
CommonStockWarrantsRemainingLiability
1057323 shares
CY2013Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
0 USD
CY2014Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
0 USD
CY2014Q1 dei Document Type
DocumentType
10-Q
CY2014Q1 dei Amendment Flag
AmendmentFlag
false
CY2014Q1 dei Document Period End Date
DocumentPeriodEndDate
2014-03-31
CY2014Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
CY2014Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2014Q1 dei Trading Symbol
TradingSymbol
NURO
CY2014Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
5945581 shares
CY2014Q1 dei Entity Registrant Name
EntityRegistrantName
NeuroMetrix, Inc.
CY2014Q1 dei Entity Central Index Key
EntityCentralIndexKey
0001289850
CY2014Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2014Q1 dei Entity Filer Category
EntityFilerCategory
Smaller Reporting Company
CY2013Q1 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
119370 shares
CY2013Q1 us-gaap Accrued Bonuses Current And Noncurrent
AccruedBonusesCurrentAndNoncurrent
285300 USD
CY2013Q1 nuro Closing Price Of Shares
ClosingPriceOfShares
2.39
CY2013 us-gaap Dividends
Dividends
0 USD
CY2014Q1 us-gaap Dividends
Dividends
0 USD
CY2013Q4 nuro Warrants Or Rights Exercised
WarrantsOrRightsExercised
1300000 shares

Files In Submission

Name View Source Status
0001144204-14-024572-index-headers.html Edgar Link pending
0001144204-14-024572-index.html Edgar Link pending
0001144204-14-024572.txt Edgar Link pending
0001144204-14-024572-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
Financial_Report.xlsx Edgar Link pending
nuro-20140331.xml Edgar Link completed
nuro-20140331.xsd Edgar Link pending
nuro-20140331_cal.xml Edgar Link unprocessable
nuro-20140331_def.xml Edgar Link unprocessable
nuro-20140331_lab.xml Edgar Link unprocessable
nuro-20140331_pre.xml Edgar Link unprocessable
page1.jpg Edgar Link pending
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report.css Edgar Link pending
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v374547_10q.htm Edgar Link pending
v374547_ex10-1.htm Edgar Link pending
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v374547_ex32.htm Edgar Link pending