2012 Q2 Form 10-Q Financial Statement

#000121465912003571 Filed on August 14, 2012

View on sec.gov

Income Statement

Concept 2012 Q2 2011 Q2
Revenue $536.2K $323.1K
YoY Change 65.97% -55.13%
Cost Of Revenue $350.0K $270.0K
YoY Change 29.63% -41.3%
Gross Profit $183.6K $54.36K
YoY Change 237.69% -79.09%
Gross Profit Margin 34.24% 16.83%
Selling, General & Admin $587.1K $146.4K
YoY Change 300.95% -86.32%
% of Gross Profit 319.8% 269.34%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $70.00K $40.00K
YoY Change 75.0% -33.33%
% of Gross Profit 38.13% 73.58%
Operating Expenses $587.1K $146.4K
YoY Change 300.95% -86.32%
Operating Profit -$403.5K -$92.06K
YoY Change 338.3% -88.64%
Interest Expense $32.74K $12.47K
YoY Change 162.66% -108.9%
% of Operating Profit
Other Income/Expense, Net $1.882M -$205.3K
YoY Change -1016.94% -784.19%
Pretax Income $1.158M -$454.8K
YoY Change -354.7% -50.57%
Income Tax
% Of Pretax Income
Net Earnings $1.158M -$454.8K
YoY Change -354.7% -50.57%
Net Earnings / Revenue 216.03% -140.77%
Basic Earnings Per Share
Diluted Earnings Per Share $179.8K -$79.93K
COMMON SHARES
Basic Shares Outstanding 96.78M shares 84.50M
Diluted Shares Outstanding 96.78M shares 84.50M

Balance Sheet

Concept 2012 Q2 2011 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $90.00K $390.0K
YoY Change -76.92% -69.05%
Cash & Equivalents $88.04K $332.5K
Short-Term Investments $50.00K
Other Short-Term Assets $410.0K $340.0K
YoY Change 20.59% -24.44%
Inventory
Prepaid Expenses $110.3K
Receivables $145.1K -$1.400M
Other Receivables $1.510M $1.480M
Total Short-Term Assets $644.6K $800.0K
YoY Change -19.43% -60.78%
LONG-TERM ASSETS
Property, Plant & Equipment $386.4K $490.0K
YoY Change -21.15% -24.62%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $0.00
YoY Change -100.0%
Total Long-Term Assets $386.4K $490.0K
YoY Change -21.15% -39.51%
TOTAL ASSETS
Total Short-Term Assets $644.6K $800.0K
Total Long-Term Assets $386.4K $490.0K
Total Assets $1.031M $1.290M
YoY Change -20.08% -54.74%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $940.0K
YoY Change -53.23%
Accrued Expenses $1.190M
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $474.4K $0.00
YoY Change
Long-Term Debt Due $10.00K $4.550M
YoY Change -99.78%
Total Short-Term Liabilities $2.048M $5.590M
YoY Change -63.35% 178.11%
LONG-TERM LIABILITIES
Long-Term Debt $1.670M $0.00
YoY Change -100.0%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $1.674M $0.00
YoY Change -100.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.048M $5.590M
Total Long-Term Liabilities $1.674M $0.00
Total Liabilities $3.722M $5.590M
YoY Change -33.42% -8.06%
SHAREHOLDERS EQUITY
Retained Earnings -$126.2M
YoY Change
Common Stock $97.05K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$2.691M -$4.300M
YoY Change
Total Liabilities & Shareholders Equity $1.031M $1.290M
YoY Change -20.08% -54.74%

Cashflow Statement

Concept 2012 Q2 2011 Q2
OPERATING ACTIVITIES
Net Income $1.158M -$454.8K
YoY Change -354.7% -50.57%
Depreciation, Depletion And Amortization $70.00K $40.00K
YoY Change 75.0% -33.33%
Cash From Operating Activities -$30.00K -$350.0K
YoY Change -91.43% 75.0%
INVESTING ACTIVITIES
Capital Expenditures -$80.00K $0.00
YoY Change
Acquisitions
YoY Change
Other Investing Activities $0.00 $20.00K
YoY Change -100.0% -104.55%
Cash From Investing Activities -$80.00K $10.00K
YoY Change -900.0% -102.22%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 160.0K 100.0K
YoY Change 60.0%
NET CHANGE
Cash From Operating Activities -30.00K -350.0K
Cash From Investing Activities -80.00K 10.00K
Cash From Financing Activities 160.0K 100.0K
Net Change In Cash 50.00K -240.0K
YoY Change -120.83% -63.08%
FREE CASH FLOW
Cash From Operating Activities -$30.00K -$350.0K
Capital Expenditures -$80.00K $0.00
Free Cash Flow $50.00K -$350.0K
YoY Change -114.29% 75.0%

Facts In Submission

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us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Net Income Loss
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us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Period Increase Decrease
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us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Period Increase Decrease
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us-gaap Other Nonoperating Income Expense
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us-gaap Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net
OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet
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us-gaap Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net
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us-gaap Payments To Acquire Property Plant And Equipment
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us-gaap Payments To Acquire Property Plant And Equipment
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CY2011Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
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us-gaap Proceeds From Long Term Capital Lease Obligations
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us-gaap Proceeds From Sale Of Available For Sale Securities Equity
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us-gaap Proceeds From Sale Of Available For Sale Securities Equity
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us-gaap Proceeds From Sale Of Property Plant And Equipment
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us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
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us-gaap Repayments Of Long Term Capital Lease Obligations
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us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
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us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
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us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
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SecurityDeposit
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SecurityDeposit
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CY2011Q3 us-gaap Stockholders Equity Note Stock Split Conversion Ratio
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SellingAndMarketingExpense
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us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
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SellingAndMarketingExpense
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us-gaap Share Based Compensation
ShareBasedCompensation
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ShareBasedCompensation
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CY2011Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
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ShortTermBorrowings
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StockholdersEquity
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CY2012Q2 us-gaap Stockholders Equity
StockholdersEquity
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us-gaap Use Of Estimates
UseOfEstimates
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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WeightedAverageNumberOfDilutedSharesOutstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
84504457
CY2011Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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WeightedAverageNumberOfSharesOutstandingBasic
96777707
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
84504457
CY2011Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
84504457

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