2017 Q4 Form 10-Q Financial Statement

#000119312517327138 Filed on October 31, 2017

View on sec.gov

Income Statement

Concept 2017 Q4 2017 Q3 2016 Q3
Revenue $0.00 $0.00 $0.00
YoY Change -100.0%
Cost Of Revenue $0.00 $0.00
YoY Change
Gross Profit $0.00 $0.00
YoY Change
Gross Profit Margin
Selling, General & Admin $600.0K $930.0K $1.100M
YoY Change -35.48% -15.45% 28.82%
% of Gross Profit
Research & Development $820.0K $996.5K $924.8K
YoY Change -53.93% 7.75% -16.23%
% of Gross Profit
Depreciation & Amortization $20.00K $10.00K $20.00K
YoY Change 0.0% -50.0% 0.0%
% of Gross Profit
Operating Expenses $1.412M $1.922M $2.027M
YoY Change -47.84% -5.19% 8.61%
Operating Profit -$1.412M -$1.922M -$2.027M
YoY Change -47.84% -5.19% 8.61%
Interest Expense -$50.00K $105.9K $1.291K
YoY Change -350.0% 8102.48% -96.74%
% of Operating Profit
Other Income/Expense, Net $0.00 -$145.7K $21.10K
YoY Change -100.0% -790.67% -161.76%
Pretax Income -$1.460M -$2.067M -$2.006M
YoY Change -45.52% 3.07% 5.55%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$1.461M -$2.067M -$1.963M
YoY Change -45.39% 5.31% 5.33%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share -$296.1K -$419.9K -$399.2K
COMMON SHARES
Basic Shares Outstanding 49.27M shares 49.27M shares 49.11M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2017 Q4 2017 Q3 2016 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $6.170M $2.920M $5.120M
YoY Change 51.23% -42.97% -24.04%
Cash & Equivalents $6.166M $2.923M $5.117M
Short-Term Investments
Other Short-Term Assets $1.030M $2.180M $170.0K
YoY Change 635.71% 1182.35% 0.0%
Inventory $0.00
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $7.193M $5.101M $5.288M
YoY Change 70.39% -3.54% -26.86%
LONG-TERM ASSETS
Property, Plant & Equipment $21.66K $34.12K $107.1K
YoY Change -75.24% -68.14% -32.75%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $21.66K $34.12K $107.1K
YoY Change -75.24% -68.14% -32.75%
TOTAL ASSETS
Total Short-Term Assets $7.193M $5.101M $5.288M
Total Long-Term Assets $21.66K $34.12K $107.1K
Total Assets $7.215M $5.135M $5.396M
YoY Change 67.43% -4.82% -26.99%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $820.0K $1.590M $790.0K
YoY Change -35.94% 101.27% 3.95%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $80.00K $130.0K $110.0K
YoY Change 14.29% 18.18% -97.85%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $898.5K $1.722M $909.3K
YoY Change -33.12% 89.42% -84.55%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $2.400M $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $2.400M $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $898.5K $1.722M $909.3K
Total Long-Term Liabilities $0.00 $2.400M $0.00
Total Liabilities $900.0K $4.122M $910.0K
YoY Change -32.84% 353.0% -84.55%
SHAREHOLDERS EQUITY
Retained Earnings -$101.4M -$99.94M -$91.99M
YoY Change 7.11% 8.64% 7.68%
Common Stock $4.928K $49.27K $97.50M
YoY Change -99.99% -99.95% 12.14%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $6.316M $1.013M $4.486M
YoY Change
Total Liabilities & Shareholders Equity $7.215M $5.135M $5.396M
YoY Change 67.43% -4.82% -26.99%

Cashflow Statement

Concept 2017 Q4 2017 Q3 2016 Q3
OPERATING ACTIVITIES
Net Income -$1.461M -$2.067M -$1.963M
YoY Change -45.39% 5.31% 5.33%
Depreciation, Depletion And Amortization $20.00K $10.00K $20.00K
YoY Change 0.0% -50.0% 0.0%
Cash From Operating Activities -$1.350M -$1.340M -$1.710M
YoY Change -31.82% -21.64% 34.65%
INVESTING ACTIVITIES
Capital Expenditures $0.00 $0.00 -$30.00K
YoY Change -100.0% 200.0%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00 $450.0K
YoY Change -100.0%
Cash From Investing Activities $0.00 $0.00 $430.0K
YoY Change -100.0% -4400.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 4.600M 2.180M 950.0K
YoY Change 389.36% 129.47% -3266.67%
NET CHANGE
Cash From Operating Activities -1.350M -1.340M -1.710M
Cash From Investing Activities 0.000 0.000 430.0K
Cash From Financing Activities 4.600M 2.180M 950.0K
Net Change In Cash 3.250M 840.0K -330.0K
YoY Change -412.5% -354.55% -74.81%
FREE CASH FLOW
Cash From Operating Activities -$1.350M -$1.340M -$1.710M
Capital Expenditures $0.00 $0.00 -$30.00K
Free Cash Flow -$1.350M -$1.340M -$1.680M
YoY Change -31.82% -20.24% 33.33%

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CY2016Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0
CY2016Q3 us-gaap Interest Expense
InterestExpense
1291
CY2016Q3 us-gaap Investment Income Interest
InvestmentIncomeInterest
18526
CY2016Q3 us-gaap Operating Expenses
OperatingExpenses
2026670
CY2016Q3 us-gaap Net Income Loss
NetIncomeLoss
-1963007
CY2016Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-2026670
CY2016Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
21097
CY2016Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
5062
CY2016Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
924800
CY2016Q3 us-gaap Share Based Compensation
ShareBasedCompensation
225427
CY2016Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
0.00
CY2016Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0 shares
CY2016Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
49114219 shares
CY2017Q3 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
588
CY2017Q3 us-gaap Discontinued Operation Tax Effect Of Discontinued Operation
DiscontinuedOperationTaxEffectOfDiscontinuedOperation
0
CY2017Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.04
CY2017Q3 us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
-42918
CY2017Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
925043
CY2017Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-2067230
CY2017Q3 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
-0.04
CY2017Q3 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-2067230
CY2017Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0
CY2017Q3 us-gaap Interest Expense
InterestExpense
105894
CY2017Q3 us-gaap Investment Income Interest
InvestmentIncomeInterest
3004
CY2017Q3 us-gaap Operating Expenses
OperatingExpenses
1921520
CY2017Q3 us-gaap Net Income Loss
NetIncomeLoss
-2067230
CY2017Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-1921520
CY2017Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-145710
CY2017Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
686
CY2017Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
996477
CY2017Q3 us-gaap Share Based Compensation
ShareBasedCompensation
127440
CY2017Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
0.00
CY2017Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0 shares
CY2017Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
49274219 shares

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