2011 Q4 Form 10-Q Financial Statement

#000121465911003876 Filed on November 14, 2011

View on sec.gov

Income Statement

Concept 2011 Q4 2011 Q3 2010 Q3
Revenue $620.0K $458.8K $733.4K
YoY Change 67.57% -37.45% 152.91%
Cost Of Revenue $290.0K $260.0K $380.0K
YoY Change 52.63% -31.58% -32.14%
Gross Profit $330.0K $202.7K $353.2K
YoY Change 83.33% -42.61% -230.81%
Gross Profit Margin 53.23% 44.18% 48.15%
Selling, General & Admin $570.0K $530.1K $610.5K
YoY Change -14.93% -13.16% -14.02%
% of Gross Profit 172.73% 261.52% 172.84%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $60.00K $60.00K $50.00K
YoY Change 0.0% 20.0% -66.67%
% of Gross Profit 18.18% 29.6% 14.16%
Operating Expenses $570.0K $530.1K $610.5K
YoY Change 147.83% -13.16% -14.02%
Operating Profit -$240.0K -$327.4K -$257.3K
YoY Change 380.0% 27.26% -73.75%
Interest Expense -$170.0K $12.60K $12.60K
YoY Change 13.33% 0.0% -109.69%
% of Operating Profit
Other Income/Expense, Net $0.00 $68.23K -$12.75K
YoY Change -100.0% -635.29%
Pretax Income -$400.0K -$421.0K -$416.5K
YoY Change 90.48% 1.08% -62.14%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$400.0K -$421.0K -$416.5K
YoY Change 90.48% 1.08% -62.14%
Net Earnings / Revenue -64.52% -91.76% -56.79%
Basic Earnings Per Share
Diluted Earnings Per Share -$63.59K -$74.60K -$74.60K
COMMON SHARES
Basic Shares Outstanding 96.50M 84.50M
Diluted Shares Outstanding 84.50M

Balance Sheet

Concept 2011 Q4 2011 Q3 2010 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $70.00K $140.0K $720.0K
YoY Change -75.86% -80.56% -74.38%
Cash & Equivalents $65.62K $135.3K $460.0K
Short-Term Investments $0.00 $0.00 $260.0K
Other Short-Term Assets $410.0K $360.0K $720.0K
YoY Change -38.81% -50.0% -6.49%
Inventory
Prepaid Expenses $155.1K
Receivables $146.1K $103.7K $270.0K
Other Receivables $1.520M $0.00 $0.00
Total Short-Term Assets $619.8K $596.4K $1.720M
YoY Change -54.71% -65.33% -52.88%
LONG-TERM ASSETS
Property, Plant & Equipment $363.6K $425.5K $610.0K
YoY Change -36.7% -30.24% -70.67%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $0.00 $0.00 $130.0K
YoY Change -100.0% -100.0% -38.1%
Total Long-Term Assets $363.6K $425.5K $740.0K
YoY Change -40.01% -42.5% -72.18%
TOTAL ASSETS
Total Short-Term Assets $619.8K $596.4K $1.720M
Total Long-Term Assets $363.6K $425.5K $740.0K
Total Assets $983.4K $1.022M $2.460M
YoY Change -50.2% -58.46% -61.01%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.060M $1.680M
YoY Change -36.9% -28.81%
Accrued Expenses $870.0K
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $4.810M $4.680M
YoY Change
Total Short-Term Liabilities $6.040M $5.738M $1.680M
YoY Change 405.5% 241.56% -28.81%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $4.190M
YoY Change -100.0% -100.0% 11.73%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $4.190M
YoY Change -100.0% 11.73%
TOTAL LIABILITIES
Total Short-Term Liabilities $6.040M $5.738M $1.680M
Total Long-Term Liabilities $0.00 $4.190M
Total Liabilities $6.040M $5.738M $5.870M
YoY Change 9.83% -2.24% -3.61%
SHAREHOLDERS EQUITY
Retained Earnings -$126.7M -$126.3M
YoY Change 1.69%
Common Stock $96.50K $84.50K
YoY Change 14.2%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$5.056M -$4.716M -$3.410M
YoY Change
Total Liabilities & Shareholders Equity $983.4K $1.022M $2.460M
YoY Change -50.2% -58.46% -61.01%

Cashflow Statement

Concept 2011 Q4 2011 Q3 2010 Q3
OPERATING ACTIVITIES
Net Income -$400.0K -$421.0K -$416.5K
YoY Change 90.48% 1.08% -62.14%
Depreciation, Depletion And Amortization $60.00K $60.00K $50.00K
YoY Change 0.0% 20.0% -66.67%
Cash From Operating Activities -$250.0K -$210.0K -$580.0K
YoY Change -16.67% -63.79% -53.23%
INVESTING ACTIVITIES
Capital Expenditures -$10.00K -$10.00K -$40.00K
YoY Change -50.0% -75.0% -33.33%
Acquisitions
YoY Change
Other Investing Activities $50.00K $30.00K $180.0K
YoY Change 0.0% -83.33% 800.0%
Cash From Investing Activities $50.00K $30.00K $150.0K
YoY Change 66.67% -80.0% -475.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 130.0K 0.000 0.000
YoY Change
NET CHANGE
Cash From Operating Activities -250.0K -210.0K -580.0K
Cash From Investing Activities 50.00K 30.00K 150.0K
Cash From Financing Activities 130.0K 0.000 0.000
Net Change In Cash -70.00K -180.0K -430.0K
YoY Change -74.07% -58.14% -66.41%
FREE CASH FLOW
Cash From Operating Activities -$250.0K -$210.0K -$580.0K
Capital Expenditures -$10.00K -$10.00K -$40.00K
Free Cash Flow -$240.0K -$200.0K -$540.0K
YoY Change -14.29% -62.96% -54.24%

Facts In Submission

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CY2011Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-126314227 USD
CY2010Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-124616504 USD
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
370359 USD
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
287103 USD
CY2011Q3 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
126434 USD
CY2010Q3 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
102165 USD
us-gaap Share Based Compensation
ShareBasedCompensation
338243 USD
us-gaap Share Based Compensation
ShareBasedCompensation
514022 USD
CY2011Q3 us-gaap Stockholders Equity
StockholdersEquity
-4716354 USD
CY2010Q4 us-gaap Stockholders Equity
StockholdersEquity
-3524536 USD

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