2017 Q1 Form 10-Q Financial Statement

#000162828017003952 Filed on April 20, 2017

View on sec.gov

Income Statement

Concept 2017 Q1 2016 Q1
Revenue $4.306M $2.275M
YoY Change 89.26% 77.34%
Cost Of Revenue $2.698M $1.483M
YoY Change 81.96% 132.64%
Gross Profit $1.671M $792.7K
YoY Change 110.75% 22.77%
Gross Profit Margin 38.8% 34.84%
Selling, General & Admin $4.019M $3.832M
YoY Change 4.89% 27.67%
% of Gross Profit 240.59% 483.42%
Research & Development $903.3K $1.157M
YoY Change -21.91% 28.17%
% of Gross Profit 54.07% 145.92%
Depreciation & Amortization $61.58K $61.64K
YoY Change -0.1% 111.49%
% of Gross Profit 3.69% 7.78%
Operating Expenses $4.923M $4.989M
YoY Change -1.33% 27.78%
Operating Profit -$3.314M -$4.196M
YoY Change -21.02% 28.77%
Interest Expense $80.00K $100.0K
YoY Change -20.0% -91.6%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$3.230M -$4.100M
YoY Change -21.22% 98.07%
Income Tax
% Of Pretax Income
Net Earnings -$3.232M -$4.095M
YoY Change -21.07% 97.72%
Net Earnings / Revenue -75.07% -179.99%
Basic Earnings Per Share -$7.27
Diluted Earnings Per Share -$7.27 -$82.00M
COMMON SHARES
Basic Shares Outstanding 1.001M shares 4.050M shares
Diluted Shares Outstanding 1.001M shares

Balance Sheet

Concept 2017 Q1 2016 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $6.900M $8.740M
YoY Change -21.05% 36.56%
Cash & Equivalents $6.897M $8.740M
Short-Term Investments
Other Short-Term Assets $1.420M $720.0K
YoY Change 97.22% 176.92%
Inventory $1.197M $1.510M
Prepaid Expenses
Receivables $950.0K $490.0K
Other Receivables $0.00 $0.00
Total Short-Term Assets $10.46M $11.46M
YoY Change -8.69% 39.37%
LONG-TERM ASSETS
Property, Plant & Equipment $471.1K $650.0K
YoY Change -27.52% 20.43%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $150.0K $190.0K
YoY Change -21.05% -48.65%
Total Long-Term Assets $625.5K $850.0K
YoY Change -26.41% -6.4%
TOTAL ASSETS
Total Short-Term Assets $10.46M $11.46M
Total Long-Term Assets $625.5K $850.0K
Total Assets $11.09M $12.31M
YoY Change -9.92% 34.82%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $404.1K $1.380M
YoY Change -70.72% 50.57%
Accrued Expenses $1.395M $1.880M
YoY Change -25.8% 46.17%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $3.065M $3.270M
YoY Change -6.26% -1.47%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $170.0K $190.0K
YoY Change -10.53% -95.4%
Total Long-Term Liabilities $170.0K $190.0K
YoY Change -10.53% -95.4%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.065M $3.270M
Total Long-Term Liabilities $170.0K $190.0K
Total Liabilities $3.237M $3.460M
YoY Change -6.44% -53.55%
SHAREHOLDERS EQUITY
Retained Earnings -$181.7M
YoY Change
Common Stock $874.00 $439.00
YoY Change 99.09% -48.47%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $7.852M $8.850M
YoY Change
Total Liabilities & Shareholders Equity $11.09M $12.31M
YoY Change -9.92% 34.82%

Cashflow Statement

Concept 2017 Q1 2016 Q1
OPERATING ACTIVITIES
Net Income -$3.232M -$4.095M
YoY Change -21.07% 97.72%
Depreciation, Depletion And Amortization $61.58K $61.64K
YoY Change -0.1% 111.49%
Cash From Operating Activities -$3.350M -$3.620M
YoY Change -7.46% 37.12%
INVESTING ACTIVITIES
Capital Expenditures $0.00 $28.64K
YoY Change -100.0% -83.65%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities $0.00 -$30.00K
YoY Change -100.0% -83.33%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 6.300M -80.00K
YoY Change -7975.0%
NET CHANGE
Cash From Operating Activities -3.350M -3.620M
Cash From Investing Activities 0.000 -30.00K
Cash From Financing Activities 6.300M -80.00K
Net Change In Cash 2.950M -3.730M
YoY Change -179.09% 32.27%
FREE CASH FLOW
Cash From Operating Activities -$3.350M -$3.620M
Capital Expenditures $0.00 $28.64K
Free Cash Flow -$3.350M -$3.649M
YoY Change -8.19% 29.61%

Facts In Submission

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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Use of Estimates</font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">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.</font></div></div>

Files In Submission

Name View Source Status
0001628280-17-003952-index-headers.html Edgar Link pending
0001628280-17-003952-index.html Edgar Link pending
0001628280-17-003952.txt Edgar Link pending
0001628280-17-003952-xbrl.zip Edgar Link pending
a10q3312017exhibit311.htm Edgar Link pending
a10q3312017exhibit312.htm Edgar Link pending
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