2014 Form 10-K Financial Statement
#000121465915003070 Filed on April 15, 2015
Income Statement
Concept | 2014 | 2013 Q4 | 2013 |
---|---|---|---|
Revenue | $683.7K | $180.0K | $891.4K |
YoY Change | -23.29% | -66.67% | -51.45% |
Cost Of Revenue | $1.033M | $420.0K | $1.250M |
YoY Change | -17.36% | -14.29% | -14.97% |
Gross Profit | -$349.2K | -$240.0K | -$362.1K |
YoY Change | -3.55% | -580.0% | -198.33% |
Gross Profit Margin | -51.07% | -133.33% | -40.62% |
Selling, General & Admin | $848.8K | $330.0K | $1.457M |
YoY Change | -41.75% | -59.76% | -38.24% |
% of Gross Profit | |||
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $43.83K | $10.00K | $106.5K |
YoY Change | -58.84% | -85.71% | -58.96% |
% of Gross Profit | |||
Operating Expenses | $848.8K | $330.0K | $1.457M |
YoY Change | -41.75% | -57.69% | -37.32% |
Operating Profit | -$1.198M | -$570.0K | -$1.819M |
YoY Change | -34.15% | -21.92% | -7.02% |
Interest Expense | -$1.295M | -$660.0K | $247.8K |
YoY Change | -622.45% | 88.57% | 102.28% |
% of Operating Profit | |||
Other Income/Expense, Net | $7.990K | $10.00K | $36.37K |
YoY Change | -78.03% | -98.07% | |
Pretax Income | -$1.241M | -$1.220M | -$3.893M |
YoY Change | -68.12% | 12.96% | 221.61% |
Income Tax | $0.00 | ||
% Of Pretax Income | |||
Net Earnings | -$2.485M | -$1.220M | -$3.893M |
YoY Change | -36.18% | 12.96% | 221.61% |
Net Earnings / Revenue | -363.43% | -677.78% | -436.8% |
Basic Earnings Per Share | |||
Diluted Earnings Per Share | -$324.0K | -$172.6K | -$554.1K |
COMMON SHARES | |||
Basic Shares Outstanding | 115.0M shares | 106.4M shares | 105.3M shares |
Diluted Shares Outstanding | 115.0M shares | 105.3M shares |
Balance Sheet
Concept | 2014 | 2013 Q4 | 2013 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $22.65K | $110.0K | $110.0K |
YoY Change | -79.41% | 450.0% | 450.0% |
Cash & Equivalents | $111.9K | ||
Short-Term Investments | |||
Other Short-Term Assets | $151.6K | $330.0K | $330.0K |
YoY Change | -54.07% | -56.0% | -56.0% |
Inventory | |||
Prepaid Expenses | $102.7K | ||
Receivables | $0.00 | $760.0K | -$770.0K |
Other Receivables | $0.00 | $1.530M | $1.530M |
Total Short-Term Assets | $186.1K | $1.205M | $1.210M |
YoY Change | -84.62% | -18.75% | -18.24% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $38.53K | $83.16K | $80.00K |
YoY Change | -51.84% | -67.53% | -69.23% |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | |||
YoY Change | |||
Total Long-Term Assets | $38.53K | $83.16K | $80.00K |
YoY Change | -51.84% | -67.53% | -69.23% |
TOTAL ASSETS | |||
Total Short-Term Assets | $186.1K | $1.205M | $1.210M |
Total Long-Term Assets | $38.53K | $83.16K | $80.00K |
Total Assets | $224.7K | $1.288M | $1.290M |
YoY Change | -82.58% | -25.94% | -25.86% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $4.524M | $1.222M | |
YoY Change | 64.17% | ||
Accrued Expenses | $3.090M | $3.090M | |
YoY Change | 44.39% | 44.39% | |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $1.536M | $1.620M |
YoY Change | -100.0% | 107.14% | 82.02% |
Long-Term Debt Due | $12.14K | $4.080M | $4.080M |
YoY Change | -99.7% | 40700.0% | 40700.0% |
Total Short-Term Liabilities | $4.536M | $8.916M | $8.920M |
YoY Change | -49.15% | 152.63% | 152.69% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $5.018M | $30.00K | $30.00K |
YoY Change | 16625.33% | -98.66% | -98.66% |
Other Long-Term Liabilities | |||
YoY Change | |||
Total Long-Term Liabilities | $5.018M | $29.75K | $30.00K |
YoY Change | 16625.33% | -98.67% | -98.66% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $4.536M | $8.916M | $8.920M |
Total Long-Term Liabilities | $5.018M | $29.75K | $30.00K |
Total Liabilities | $9.554M | $8.945M | $8.950M |
YoY Change | 6.75% | 54.98% | 55.11% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$131.8M | ||
YoY Change | 3.04% | ||
Common Stock | $106.4K | ||
YoY Change | 2.72% | ||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | -$9.329M | -$7.657M | -$7.660M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $224.7K | $1.288M | $1.290M |
YoY Change | -82.58% | -25.94% | -25.86% |
Cashflow Statement
Concept | 2014 | 2013 Q4 | 2013 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$2.485M | -$1.220M | -$3.893M |
YoY Change | -36.18% | 12.96% | 221.61% |
Depreciation, Depletion And Amortization | $43.83K | $10.00K | $106.5K |
YoY Change | -58.84% | -85.71% | -58.96% |
Cash From Operating Activities | -$1.318M | -$50.00K | -$610.0K |
YoY Change | 116.13% | -80.0% | 5.17% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $14.27K | $0.00 | $1.719K |
YoY Change | 730.02% | -98.99% | |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Cash From Investing Activities | $15.86K | $0.00 | $0.00 |
YoY Change | -100.0% | ||
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 1.211M | 160.0K | 730.0K |
YoY Change | 65.89% | -27.27% | 2.82% |
NET CHANGE | |||
Cash From Operating Activities | -1.318M | -50.00K | -610.0K |
Cash From Investing Activities | 15.86K | 0.000 | 0.000 |
Cash From Financing Activities | 1.211M | 160.0K | 730.0K |
Net Change In Cash | -91.52K | 110.0K | 120.0K |
YoY Change | -176.27% | -466.67% | -400.0% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$1.318M | -$50.00K | -$610.0K |
Capital Expenditures | $14.27K | $0.00 | $1.719K |
Free Cash Flow | -$1.333M | -$50.00K | -$611.7K |
YoY Change | 117.86% | -80.0% | -18.47% |
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|
287832 | USD |
CY2014 | us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
15227 | USD |
CY2013 | us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
-68900 | USD |
CY2012 | us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
-14258 | USD |
CY2012 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
572901 | USD |
CY2013 | nwcn |
Increase Decrease In Prepayments For Advertising Operating Rights
IncreaseDecreaseInPrepaymentsForAdvertisingOperatingRights
|
-587011 | USD |
CY2014 | us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
-1318405 | USD |
CY2013 | us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
-608424 | USD |
CY2012 | us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
-582753 | USD |
CY2014 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
14268 | USD |
CY2013 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
1719 | USD |
CY2012 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
170314 | USD |
CY2014 | us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
30126 | USD |
CY2013 | us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
412 | USD |
CY2012 | us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
3194 | USD |
CY2014 | us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
15858 | USD |
CY2013 | us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-1307 | USD |
CY2012 | us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-167120 | USD |
CY2014 | us-gaap |
Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
|
750000 | USD |
CY2013 | us-gaap |
Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
|
USD | |
CY2012 | us-gaap |
Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
|
USD | |
CY2014 | nwcn |
Proceeds From Directors Loans
ProceedsFromDirectorsLoans
|
USD | |
CY2013 | nwcn |
Proceeds From Directors Loans
ProceedsFromDirectorsLoans
|
13250 | USD |
CY2012 | nwcn |
Proceeds From Directors Loans
ProceedsFromDirectorsLoans
|
117948 | USD |
CY2014 | us-gaap |
Proceeds From Short Term Debt
ProceedsFromShortTermDebt
|
663387 | USD |
CY2013 | us-gaap |
Proceeds From Short Term Debt
ProceedsFromShortTermDebt
|
794683 | USD |
CY2012 | us-gaap |
Proceeds From Short Term Debt
ProceedsFromShortTermDebt
|
1086885 | USD |
CY2014 | us-gaap |
Proceeds From Long Term Capital Lease Obligations
ProceedsFromLongTermCapitalLeaseObligations
|
USD | |
CY2013 | us-gaap |
Proceeds From Long Term Capital Lease Obligations
ProceedsFromLongTermCapitalLeaseObligations
|
USD | |
CY2012 | us-gaap |
Proceeds From Long Term Capital Lease Obligations
ProceedsFromLongTermCapitalLeaseObligations
|
57692 | USD |
CY2014 | nwcn |
Repayments Of Directors Loans
RepaymentsOfDirectorsLoans
|
85244 | USD |
CY2013 | nwcn |
Repayments Of Directors Loans
RepaymentsOfDirectorsLoans
|
71924 | USD |
CY2012 | nwcn |
Repayments Of Directors Loans
RepaymentsOfDirectorsLoans
|
197364 | USD |
CY2014 | us-gaap |
Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
|
105874 | USD |
CY2013 | us-gaap |
Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
|
USD | |
CY2012 | us-gaap |
Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
|
345128 | USD |
CY2014 | us-gaap |
Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
|
11236 | USD |
CY2013 | us-gaap |
Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
|
10327 | USD |
CY2012 | us-gaap |
Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
|
6381 | USD |
CY2014 | us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
1211033 | USD |
CY2013 | us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
725682 | USD |
CY2012 | us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
713652 | USD |
CY2014 | us-gaap |
Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
|
2270 | USD |
CY2013 | us-gaap |
Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
|
-25070 | USD |
CY2012 | us-gaap |
Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
|
-8394 | USD |
CY2014 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
-89244 | USD |
CY2013 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
90881 | USD |
CY2012 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
-44615 | USD |
CY2012Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
21008 | USD |
CY2011Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
65623 | USD |
CY2014 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
USD | |
CY2013 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
USD | |
CY2012 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
USD | |
CY2014 | us-gaap |
Interest Paid
InterestPaid
|
296736 | USD |
CY2013 | us-gaap |
Interest Paid
InterestPaid
|
3712 | USD |
CY2012 | us-gaap |
Interest Paid
InterestPaid
|
33331 | USD |
CY2013 | us-gaap |
Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
|
USD | |
CY2012 | us-gaap |
Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
|
USD | |
CY2014 | us-gaap |
Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
|
USD | |
CY2013 | us-gaap |
Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
|
USD | |
CY2012 | us-gaap |
Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
|
USD | |
CY2014 | us-gaap |
Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
|
USD | |
CY2013 | us-gaap |
Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
|
USD | |
CY2014 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
|
-1241366 | USD |
CY2013 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
|
-2365336 | USD |
CY2012 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
|
19538 | USD |
CY2014 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
|
-1243566 | USD |
CY2013 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
|
-1528157 | USD |
CY2012 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
|
-1230167 | USD |
CY2014 | us-gaap |
Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
|
USD | |
CY2013 | us-gaap |
Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
|
USD | |
CY2012 | us-gaap |
Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
|
USD | |
CY2014 | us-gaap |
Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
|
USD | |
CY2013 | us-gaap |
Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
|
USD | |
CY2012 | us-gaap |
Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
|
USD | |
CY2014 | us-gaap |
Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
|
USD | |
CY2012 | us-gaap |
Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
|
USD | |
CY2014 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
USD | |
CY2013 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
USD | |
CY2012 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
USD | |
CY2014 | us-gaap |
Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
|
-844877 | USD |
CY2013 | us-gaap |
Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
|
-1323788 | USD |
CY2012 | us-gaap |
Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
|
-411614 | USD |
CY2014 | us-gaap |
Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
103965 | USD |
CY2013 | us-gaap |
Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
170925 | USD |
CY2012 | us-gaap |
Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
295762 | USD |
CY2014 | us-gaap |
Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
|
318100 | USD |
CY2013 | us-gaap |
Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
|
633290 | USD |
CY2012 | us-gaap |
Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
|
-302405 | USD |
CY2014 | us-gaap |
Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
|
422812 | USD |
CY2013 | us-gaap |
Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
|
519573 | USD |
CY2013Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
8229696 | USD |
CY2013 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.34 | pure |
CY2011Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-5056418 | USD |
CY2012 | us-gaap |
Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
|
47190 | USD |
CY2012 | us-gaap |
Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
|
shares | |
CY2014 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
115047825 | shares |
CY2013 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
105253782 | shares |
CY2014Q4 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
USD | |
CY2013Q4 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
USD | |
CY2012Q4 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
USD | |
CY2014 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.34 | pure |
CY2012 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.34 | pure |
CY2012 | us-gaap |
Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
|
478000 | USD |
CY2012 | us-gaap |
Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
|
418257 | USD |
CY2014Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
8333661 | USD |
CY2013Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
8229696 | USD |
CY2012Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
8058771 | USD |
CY2014Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
8333661 | USD |
CY2012 | us-gaap |
Adjustments To Additional Paid In Capital Equity Component Of Convertible Debt
AdjustmentsToAdditionalPaidInCapitalEquityComponentOfConvertibleDebt
|
3598452 | USD |
CY2012 | us-gaap |
Adjustments To Additional Paid In Capital Equity Component Of Convertible Debt Subsequent Adjustments
AdjustmentsToAdditionalPaidInCapitalEquityComponentOfConvertibleDebtSubsequentAdjustments
|
1877594 | USD |
CY2012Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
8058771 | USD |
CY2014Q4 | us-gaap |
Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
|
25514 | USD |
CY2013Q4 | us-gaap |
Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
|
773611 | USD |
CY2014Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
13588 | USD |
CY2013Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
13634 | USD |
CY2012 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
96895329 | shares |
CY2013Q4 | nwcn |
Prepayments For Advertising Operating Rights Gross
PrepaymentsForAdvertisingOperatingRightsGross
|
648082 | USD |
CY2013 | us-gaap |
Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
|
43932 | USD |
CY2013 | us-gaap |
Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
|
243900 | USD |
CY2014 | us-gaap |
Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
|
4913 | USD |
CY2014 | us-gaap |
Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
|
55600 | USD |
CY2014Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-9329190 | USD |
CY2014 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
115047825 | shares |
CY2013 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
105253782 | shares |
CY2012 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
96895329 | shares |
CY2014 | us-gaap |
Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
|
shares | |
CY2013 | us-gaap |
Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
|
shares | |
CY2012Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-4032289 | USD |
CY2012 | us-gaap |
Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
|
shares | |
CY2014 | us-gaap |
Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
|
shares | |
CY2013 | us-gaap |
Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
|
shares | |
CY2014 | nwcn |
Prepayments For Advertising Operating Rights Write Offs
PrepaymentsForAdvertisingOperatingRightsWriteOffs
|
965861 | USD |
CY2013 | nwcn |
Prepayments For Advertising Operating Rights Write Offs
PrepaymentsForAdvertisingOperatingRightsWriteOffs
|
1991176 | USD |
CY2012 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
65139057 | shares |
CY2012Q4 | nwcn |
Prepayments For Advertising Operating Rights Gross
PrepaymentsForAdvertisingOperatingRightsGross
|
2416066 | USD |
CY2014 | nwcn |
Prepayments For Advertising Operating Rights Additions
PrepaymentsForAdvertisingOperatingRightsAdditions
|
323334 | USD |
CY2013 | nwcn |
Prepayments For Advertising Operating Rights Additions
PrepaymentsForAdvertisingOperatingRightsAdditions
|
143529 | USD |
CY2014 | nwcn |
Prepayments For Advertising Operating Rights Translation Adjustments
PrepaymentsForAdvertisingOperatingRightsTranslationAdjustments
|
-5555 | USD |
CY2013 | nwcn |
Prepayments For Advertising Operating Rights Translation Adjustments
PrepaymentsForAdvertisingOperatingRightsTranslationAdjustments
|
79663 | USD |
CY2013Q4 | nwcn |
Prepayments For Advertising Operating Rights Accumulated Amortization
PrepaymentsForAdvertisingOperatingRightsAccumulatedAmortization
|
648082 | USD |
CY2014 | nwcn |
Prepayments For Advertising Operating Rights Accumulated Amortization Transfers
PrepaymentsForAdvertisingOperatingRightsAccumulatedAmortizationTransfers
|
-323334 | USD |
CY2014 | nwcn |
Prepayments For Advertising Operating Rights Impairment Provision
PrepaymentsForAdvertisingOperatingRightsImpairmentProvision
|
965861 | USD |
CY2013 | nwcn |
Prepayments For Advertising Operating Rights Impairment Provision
PrepaymentsForAdvertisingOperatingRightsImpairmentProvision
|
1991176 | USD |
CY2014 | nwcn |
Prepayments For Advertising Operating Rights Accumulated Amortization Translation Adjustments
PrepaymentsForAdvertisingOperatingRightsAccumulatedAmortizationTranslationAdjustments
|
-5555 | USD |
CY2014 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
1215726 | shares |
CY2013 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
57177342 | shares |
CY2013Q4 | us-gaap |
Retainage Deposit
RetainageDeposit
|
195677 | USD |
CY2014Q4 | nwcn |
Payments From Customers Withheld By Third Party
PaymentsFromCustomersWithheldByThirdParty
|
1568151 | USD |
CY2013Q4 | nwcn |
Payments From Customers Withheld By Third Party
PaymentsFromCustomersWithheldByThirdParty
|
1524481 | USD |
CY2014Q4 | us-gaap |
Prepaid Expense Current
PrepaidExpenseCurrent
|
103748 | USD |
CY2014Q4 | us-gaap |
Retainage Deposit
RetainageDeposit
|
USD | |
CY2013Q4 | us-gaap |
Prepaid Expense Current
PrepaidExpenseCurrent
|
102665 | USD |
CY2014Q4 | us-gaap |
Security Deposit
SecurityDeposit
|
45449 | USD |
CY2013Q4 | us-gaap |
Security Deposit
SecurityDeposit
|
36932 | USD |
CY2014Q4 | us-gaap |
Other Receivables Gross Current
OtherReceivablesGrossCurrent
|
4525 | USD |
CY2013Q4 | us-gaap |
Other Receivables Gross Current
OtherReceivablesGrossCurrent
|
244 | USD |
CY2014Q4 | nwcn |
Prepaid And Other Current Assets Gross
PrepaidAndOtherCurrentAssetsGross
|
1721873 | USD |
CY2013Q4 | nwcn |
Prepaid And Other Current Assets Gross
PrepaidAndOtherCurrentAssetsGross
|
1859999 | USD |
CY2014Q4 | nwcn |
Allowancefor Doubtful Other Debts Current
AllowanceforDoubtfulOtherDebtsCurrent
|
1570302 | USD |
CY2013Q4 | nwcn |
Allowancefor Doubtful Other Debts Current
AllowanceforDoubtfulOtherDebtsCurrent
|
1526639 | USD |
CY2014Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
98606 | USD |
CY2013Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
235925 | USD |
CY2014Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
60078 | USD |
CY2013Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
152765 | USD |
CY2014 | us-gaap |
Depreciation
Depreciation
|
43831 | USD |
CY2013 | us-gaap |
Depreciation
Depreciation
|
106497 | USD |
CY2012 | us-gaap |
Accumulated Depreciation Depletion And Amortization Sale Of Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationSaleOfPropertyPlantAndEquipment
|
2705239 | USD |
CY2014Q4 | us-gaap |
Due To Officers Or Stockholders Current
DueToOfficersOrStockholdersCurrent
|
USD | |
CY2013Q4 | us-gaap |
Due To Officers Or Stockholders Current
DueToOfficersOrStockholdersCurrent
|
85244 | USD |
CY2014 | us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
50000 | USD |
CY2013 | us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
50000 | USD |
CY2012 | us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
50000 | USD |
CY2014 | us-gaap |
Other Amortization Of Deferred Charges
OtherAmortizationOfDeferredCharges
|
USD | |
CY2014 | us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
935588 | USD |
CY2014 | us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
USD | |
CY2013 | us-gaap |
Other Amortization Of Deferred Charges
OtherAmortizationOfDeferredCharges
|
USD | |
CY2013 | us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
1862615 | USD |
CY2013 | us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
USD | |
CY2012 | us-gaap |
Other Amortization Of Deferred Charges
OtherAmortizationOfDeferredCharges
|
USD | |
CY2012 | us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
988169 | USD |
CY2012 | us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
31692 | USD |
CY2014Q4 | us-gaap |
Capital Leases Future Minimum Payments Due Current
CapitalLeasesFutureMinimumPaymentsDueCurrent
|
13846 | USD |
CY2014Q4 | us-gaap |
Capital Leases Future Minimum Payments Due In Two Years
CapitalLeasesFutureMinimumPaymentsDueInTwoYears
|
13846 | USD |
CY2014Q4 | us-gaap |
Capital Leases Future Minimum Payments Due In Three Years
CapitalLeasesFutureMinimumPaymentsDueInThreeYears
|
4616 | USD |
CY2014Q4 | us-gaap |
Capital Leases Future Minimum Payments Due
CapitalLeasesFutureMinimumPaymentsDue
|
32308 | USD |
CY2014Q4 | us-gaap |
Capital Leases Future Minimum Payments Interest Included In Payments
CapitalLeasesFutureMinimumPaymentsInterestIncludedInPayments
|
2560 | USD |
CY2014Q4 | us-gaap |
Capital Leases Future Minimum Payments Present Value Of Net Minimum Payments
CapitalLeasesFutureMinimumPaymentsPresentValueOfNetMinimumPayments
|
29748 | USD |
CY2014Q4 | us-gaap |
Capital Lease Obligations Current
CapitalLeaseObligationsCurrent
|
12144 | USD |
CY2014Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.001 | |
CY2014Q4 | us-gaap |
Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
|
34018 | USD |
CY2014Q4 | us-gaap |
Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
|
11339 | USD |
CY2014Q4 | us-gaap |
Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
|
45357 | USD |
CY2014 | us-gaap |
Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
|
166083 | USD |
CY2013 | us-gaap |
Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
|
183365 | USD |
CY2012 | us-gaap |
Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
|
205299 | USD |
CY2014Q4 | nwcn |
Dividend Payment Restrictions Schedule Maximum Percent Of Net Income
DividendPaymentRestrictionsScheduleMaximumPercentOfNetIncome
|
0.10 | pure |
CY2012Q4 | nwcn |
Prepayments For Advertising Operating Rights Accumulated Amortization
PrepaymentsForAdvertisingOperatingRightsAccumulatedAmortization
|
1834076 | USD |
CY2013 | nwcn |
Prepayments For Advertising Operating Rights Accumulated Amortization Transfers
PrepaymentsForAdvertisingOperatingRightsAccumulatedAmortizationTransfers
|
-79058 | USD |
CY2013 | nwcn |
Prepayments For Advertising Operating Rights Accumulated Amortization Translation Adjustments
PrepaymentsForAdvertisingOperatingRightsAccumulatedAmortizationTranslationAdjustments
|
57577 | USD |
CY2012 | us-gaap |
Depreciation
Depreciation
|
259479 | USD |
CY2014 | us-gaap |
Accumulated Depreciation Depletion And Amortization Sale Of Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationSaleOfPropertyPlantAndEquipment
|
USD | |
CY2013 | us-gaap |
Accumulated Depreciation Depletion And Amortization Sale Of Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationSaleOfPropertyPlantAndEquipment
|
USD | |
CY2014Q4 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
525790 | USD |
CY2013Q4 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
1222004 | USD |
CY2014Q4 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
1237128 | USD |
CY2013Q4 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
1032593 | USD |
CY2014Q4 | us-gaap |
Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
|
139276 | USD |
CY2013Q4 | us-gaap |
Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
|
109559 | USD |
CY2014Q4 | us-gaap |
Interest Payable Current
InterestPayableCurrent
|
408474 | USD |
CY2013Q4 | us-gaap |
Interest Payable Current
InterestPayableCurrent
|
345917 | USD |
CY2014Q4 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
79077 | USD |
CY2013Q4 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
381187 | USD |
CY2014Q4 | us-gaap |
Short Term Borrowings
ShortTermBorrowings
|
2093953 | USD |
CY2013Q4 | us-gaap |
Short Term Borrowings
ShortTermBorrowings
|
1536440 | USD |
CY2014Q4 | us-gaap |
Customer Advances And Deposits Current
CustomerAdvancesAndDepositsCurrent
|
10834 | USD |
CY2013Q4 | us-gaap |
Customer Advances And Deposits Current
CustomerAdvancesAndDepositsCurrent
|
117829 | USD |
CY2014Q4 | us-gaap |
Accounts Payable Other Current
AccountsPayableOtherCurrent
|
29580 | USD |
CY2013Q4 | us-gaap |
Accounts Payable Other Current
AccountsPayableOtherCurrent
|
9088 | USD |
CY2014 | us-gaap |
Interest Expense Short Term Borrowings
InterestExpenseShortTermBorrowings
|
306958 | USD |
CY2013 | us-gaap |
Interest Expense Short Term Borrowings
InterestExpenseShortTermBorrowings
|
194126 | USD |
CY2012 | us-gaap |
Interest Expense Short Term Borrowings
InterestExpenseShortTermBorrowings
|
69677 | USD |
CY2014 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
750000 | USD |
CY2012 | us-gaap |
Debt Instrument Convertible Beneficial Conversion Feature
DebtInstrumentConvertibleBeneficialConversionFeature
|
3598452 | USD |
CY2012Q4 | us-gaap |
Convertible Notes Payable
ConvertibleNotesPayable
|
2201797 | USD |
CY2014 | nwcn |
Amortization Of Prepayments For Advertising Operating Rights
AmortizationOfPrepaymentsForAdvertisingOperatingRights
|
USD | |
CY2013 | nwcn |
Amortization Of Prepayments For Advertising Operating Rights
AmortizationOfPrepaymentsForAdvertisingOperatingRights
|
668547 | USD |
CY2012 | nwcn |
Amortization Of Prepayments For Advertising Operating Rights
AmortizationOfPrepaymentsForAdvertisingOperatingRights
|
1098447 | USD |
CY2012 | us-gaap |
Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
|
5000000 | USD |
CY2014 | us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"> <p style="margin: 0pt; text-align: justify; font-family: 'times new roman';"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic;"><strong>(</strong></font><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic;"><strong>T</strong></font><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic;"><strong>) Concentration of Credit Risk</strong></font></p> <p style="margin: 0pt; text-align: justify; font-family: 'times new roman';"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> </font></p> <p style="margin: 0pt; text-align: justify; font-family: 'times new roman';"><font style="font-family: 'Times New Roman'; font-size: 10pt;">The Company places its cash with various financial institutions. The Company believes that no significant credit risk exists as these cash investments are made with high-credit-quality financial institutions.</font></p> <p style="margin: 0pt; text-align: justify; font-family: 'times new roman';"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> </font></p> <p style="margin: 0pt; text-align: justify; font-family: 'times new roman';"><font style="font-family: 'Times New Roman'; font-size: 10pt;">All the revenue of the Company and a significant portion of the Company's assets are generated and located in China. The Company's business activities and accounts receivable are mainly from advertising services. Deposits are usually collected from customers in advance and the Company performs ongoing credit evaluation of its customers. The Company believes that no significant credit risk exists as credit loss.</font></p> <p style="margin: 0pt; text-align: justify; font-family: 'times new roman';"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> </font></p> <p style="margin: 0pt; text-align: justify; font-family: 'times new roman';"><font style="font-family: 'Times New Roman'; font-size: 10pt;">The Company engaged in the provision of out-of-home advertising in China. As of December 31, 201</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">4</font><font style="font-family: 'Times New Roman'; font-size: 10pt;"> and 201</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">3</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">, one customer accounted for approximately </font><font style="font-family: 'Times New Roman'; font-size: 10pt;"><font>41</font></font><font style="font-family: 'Times New Roman'; font-size: 10pt;">%</font><font style="font-family: 'Times New Roman'; font-size: 10pt;"> and </font><font style="font-family: 'Times New Roman'; font-size: 10pt;"><font>96</font></font><font style="font-family: 'Times New Roman'; font-size: 10pt;">% of its accounts receivable balances</font><font style="font-family: 'Times New Roman'; font-size: 10pt;"> respectively</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">. Due to the longstanding nature of its relationships with these customers and contractual obligations, the Company is confident that it will recover these amounts. The Company establishes an allowance for doubtful debts accounts upon its assessment of various factors. The Company considers historical experience, the age of the receivable balances, the credit quality of its customers, current economic conditions, and other factors that may affect customers' ability to pay to determine the level of allowance required.</font></p> </div> | |
CY2013Q4 | us-gaap |
Convertible Notes Payable
ConvertibleNotesPayable
|
4064412 | USD |
CY2014 | us-gaap |
Repayments Of Debt
RepaymentsOfDebt
|
5000000 | USD |
CY2014 | us-gaap |
Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
|
5000000 | USD |
CY2014 | us-gaap |
Debt Instrument Convertible Beneficial Conversion Feature
DebtInstrumentConvertibleBeneficialConversionFeature
|
USD | |
CY2014Q4 | us-gaap |
Convertible Notes Payable
ConvertibleNotesPayable
|
5000000 | USD |
CY2014 | dei |
Trading Symbol
TradingSymbol
|
NWCN |