$OGEN
ORAGENICS INC

2015 Q1 Form 10-K Financial Statement

#000119312515070177 Filed on February 27, 2015

View on sec.gov

Income Statement

Concept 2015 Q1 2014 2013 Q4
Revenue $363.8K $939.9K $434.8K
YoY Change 69.47% -8.94% 0.98%
Cost Of Revenue $168.0K $369.6K $80.00K
YoY Change 110.63% 7.64% -80.0%
Gross Profit $195.8K $570.3K $360.0K
YoY Change 45.13% -17.21% 1100.0%
Gross Profit Margin 53.82% 60.68% 82.8%
Selling, General & Admin $815.5K $3.322M $2.360M
YoY Change 6.26% -55.95% 84.38%
% of Gross Profit 416.53% 582.43% 655.56%
Research & Development $676.6K $3.065M $1.070M
YoY Change -33.44% -67.25% 46.58%
% of Gross Profit 345.59% 537.42% 297.22%
Depreciation & Amortization $10.00K $27.67K $20.00K
YoY Change 0.0% -65.41% 0.0%
% of Gross Profit 5.11% 4.85% 5.56%
Operating Expenses $1.375M $6.387M $3.429M
YoY Change -22.93% -62.21% 70.18%
Operating Profit -$1.296M -$5.816M -$3.069M
YoY Change -21.39% -64.12% 54.61%
Interest Expense $606.00 $4.030K -$10.00K
YoY Change 6.13% -77.02% -200.0%
% of Operating Profit
Other Income/Expense, Net $3.506K $26.98K $0.00
YoY Change -56.58% -80.93% -100.0%
Pretax Income -$1.293M -$5.790M -$3.080M
YoY Change -21.21% -63.97% 54.77%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$1.293M -$5.790M -$3.079M
YoY Change -21.21% -63.97% 54.83%
Net Earnings / Revenue -355.38% -615.95% -708.24%
Basic Earnings Per Share
Diluted Earnings Per Share -$355.4K -$1.601M -$944.8K
COMMON SHARES
Basic Shares Outstanding 36.18M shares 30.51M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2015 Q1 2014 2013 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $9.050M $10.45M $16.28M
YoY Change -38.18% -35.82% 63.95%
Cash & Equivalents $9.053M $10.45M $16.28M
Short-Term Investments
Other Short-Term Assets $130.0K $119.4K $180.0K
YoY Change -13.33% -33.66% -35.71%
Inventory $377.0K $0.00 $288.4K
Prepaid Expenses
Receivables $29.56K $0.00 $64.43K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $9.594M $11.02M $16.80M
YoY Change -36.47% -34.39% 61.53%
LONG-TERM ASSETS
Property, Plant & Equipment $167.7K $109.3K $26.91K
YoY Change 326.45% 264.3% -68.18%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $167.7K $109.3K $26.91K
YoY Change 326.45% 264.3% -68.18%
TOTAL ASSETS
Total Short-Term Assets $9.594M $11.02M $16.80M
Total Long-Term Assets $167.7K $109.3K $26.91K
Total Assets $9.761M $11.13M $16.83M
YoY Change -35.53% -33.85% 60.48%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $510.0K $0.00 $910.0K
YoY Change -37.04% -100.0% -21.55%
Accrued Expenses $0.00
YoY Change -100.0%
Deferred Revenue
YoY Change
Short-Term Debt $80.00K $64.84K $60.00K
YoY Change 0.0% 8.07% 20.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $606.0K $796.3K $992.8K
YoY Change -35.4% -19.57% -20.98%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $606.0K $796.3K $992.8K
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $610.0K $796.3K $990.0K
YoY Change -35.11% -19.57% -21.43%
SHAREHOLDERS EQUITY
Retained Earnings -$77.24M -$70.16M
YoY Change 7.58% 29.71%
Common Stock $86.39M $85.99M
YoY Change 0.46% 313940.65%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $9.156M $10.34M $15.84M
YoY Change
Total Liabilities & Shareholders Equity $9.761M $11.13M $16.83M
YoY Change -35.53% -33.85% 60.48%

Cashflow Statement

Concept 2015 Q1 2014 2013 Q4
OPERATING ACTIVITIES
Net Income -$1.293M -$5.790M -$3.079M
YoY Change -21.21% -63.97% 54.83%
Depreciation, Depletion And Amortization $10.00K $27.67K $20.00K
YoY Change 0.0% -65.41% 0.0%
Cash From Operating Activities -$1.290M -$5.559M -$1.210M
YoY Change -18.35% -17.76% -30.46%
INVESTING ACTIVITIES
Capital Expenditures $72.24K $110.7K $0.00
YoY Change 282.43% 488.4% -100.0%
Acquisitions
YoY Change
Other Investing Activities $0.00
YoY Change
Cash From Investing Activities -$70.00K -$110.3K $0.00
YoY Change 250.0% 451.25% -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 -30.00K -158.2K 9.230M
YoY Change 0.0% -101.2% -11637.5%
NET CHANGE
Cash From Operating Activities -1.290M -5.559M -1.210M
Cash From Investing Activities -70.00K -110.3K 0.000
Cash From Financing Activities -30.00K -158.2K 9.230M
Net Change In Cash -1.390M -5.828M 8.020M
YoY Change -14.72% -191.77% -538.25%
FREE CASH FLOW
Cash From Operating Activities -$1.290M -$5.559M -$1.210M
Capital Expenditures $72.24K $110.7K $0.00
Free Cash Flow -$1.362M -$5.670M -$1.210M
YoY Change -14.8% -16.36% -30.06%

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<div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 18pt"> <b>Guaranteed Rights of Return</b></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 6pt"> The Company has granted guaranteed rights of return to two dental distributor customer accounts. The Company defers recognition of revenue on these accounts until the customer provides notification to the Company that the product has been sold to the end consumer or the guaranteed right of return period expires. Once notification has been received and verified, the Company records revenue in that accounting period. The Company had $21,222 and $18,839 of revenue deferred under guaranteed rights of return arrangements included in deferred revenue in the balance sheets as of December&#xA0;31, 2014 and 2013, respectively.</p> </div>
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10-K
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ORAGENICS INC
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No
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OGEN
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Smaller Reporting Company
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36153588 shares
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2014-12-31
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0.03 pure
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2014
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2034-12-31
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0001174940
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FY
CY2014 us-gaap Concentration Risk Credit Risk
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<div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 18pt"> <b>Concentrations</b></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 6pt"> The Company is dependent on four key suppliers to provide probiotics, blending, warehousing and packaging of its EvoraPlus, EvoraPro, and Teddy&#x2019;s Pride products during the years ended December&#xA0;31, 2014 and 2013, respectively. The majority of the Company&#x2019;s cost of sales are from these key suppliers. As of December&#xA0;31, 2014 and 2013, our accounts payable and accrued expenses for these vendors totaled $189,120 and $146,284, respectively.</p> <p style="MARGIN-BOTTOM: 0px; FONT-SIZE: 1px; MARGIN-TOP: 12px"> &#xA0;</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 0pt"> Financial instruments which potentially subject the Company to concentrations of credit risk consist principally of cash and cash equivalents. The Company maintains cash accounts in commercial banks, which may, at times, exceed federally insured limits. The Company has not experienced any losses in such accounts. The Company believes it is not exposed to any significant credit risk on cash and cash equivalents. As of December&#xA0;31, 2014, the uninsured portion of this balance was $10,198,921. As of December&#xA0;31, 2013, the uninsured portion of this balance was $16,026,510.</p> </div>
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Less than a 50%
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135
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2 Customer
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0
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