2014 Q4 Form 10-Q Financial Statement

#000119312514406075 Filed on November 10, 2014

View on sec.gov

Income Statement

Concept 2014 Q4 2014 Q3 2013 Q3
Revenue $288.5K $120.0K $5.554M
YoY Change -98.33% -97.84% 487.09%
Cost Of Revenue $40.00K $27.03K $169.6K
YoY Change -85.71% -84.06% 212.65%
Gross Profit $245.9K $93.02K $5.385M
YoY Change -98.55% -98.27% 503.78%
Gross Profit Margin 85.24% 77.49% 96.95%
Selling, General & Admin $6.120M $2.782M $4.670M
YoY Change -41.1% -40.42% 56.42%
% of Gross Profit 2488.66% 2991.14% 86.73%
Research & Development $9.200M
YoY Change
% of Gross Profit 170.84%
Depreciation & Amortization $1.710M $2.470M $500.0K
YoY Change 216.67% 394.0% 28.21%
% of Gross Profit 695.36% 2655.34% 9.29%
Operating Expenses $6.120M $7.924M $8.999M
YoY Change -41.15% -11.95% 39634.99%
Operating Profit -$5.874M -$7.804M -$3.445M
YoY Change -189.57% 126.54% -473.03%
Interest Expense -$300.0K $268.9K $894.1K
YoY Change -111.15% -69.93% -53.69%
% of Operating Profit
Other Income/Expense, Net -$10.00K $130.0K $95.43K
YoY Change -102.27% 36.23% -96.69%
Pretax Income -$6.190M -$7.674M -$3.349M
YoY Change -163.81% 129.12% -188.07%
Income Tax $0.00 $0.00 $235.2K
% Of Pretax Income
Net Earnings -$5.243M -$7.415M -$3.585M
YoY Change -148.77% 106.86% -194.26%
Net Earnings / Revenue -1817.54% -6176.9% -64.53%
Basic Earnings Per Share -$0.09 -$0.01
Diluted Earnings Per Share -$737.0K -$0.09 -$0.01
COMMON SHARES
Basic Shares Outstanding 85.32M shares 85.27M shares 80.25M shares
Diluted Shares Outstanding 85.27M shares 80.25M shares

Balance Sheet

Concept 2014 Q4 2014 Q3 2013 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.140M $3.710M $11.17M
YoY Change -85.27% -66.79% 419.53%
Cash & Equivalents $3.144M $3.712M $11.17M
Short-Term Investments
Other Short-Term Assets $655.7K $598.3K $1.167M
YoY Change -39.31% -48.72% -36.92%
Inventory $675.0K $676.4K $342.7K
Prepaid Expenses $650.2K
Receivables $6.476M $6.420M $6.682M
Other Receivables $60.00K $50.00K
Total Short-Term Assets $11.47M $12.07M $19.93M
YoY Change -65.87% -39.42% -1.84%
LONG-TERM ASSETS
Property, Plant & Equipment $7.236M $8.806M $9.098M
YoY Change -26.0% -3.21% 34.59%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.272M $1.290M $1.269M
YoY Change -55.61% 1.68% -80.48%
Total Long-Term Assets $13.62M $15.23M $15.58M
YoY Change -23.71% -2.29% 17.52%
TOTAL ASSETS
Total Short-Term Assets $11.47M $12.07M $19.93M
Total Long-Term Assets $13.62M $15.23M $15.58M
Total Assets $25.09M $27.30M $35.51M
YoY Change -51.25% -23.12% 5.81%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $5.071M $3.832M $2.411M
YoY Change 46.03% 58.96% -2.4%
Accrued Expenses $2.388M $3.213M $4.407M
YoY Change -54.9% -27.09% -16.54%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $9.360M $9.360M $20.83M
YoY Change -42.82% -55.06% -13.24%
Total Short-Term Liabilities $19.04M $19.37M $33.63M
YoY Change -31.87% -42.4% -26.42%
LONG-TERM LIABILITIES
Long-Term Debt $11.81M $7.980M $1.700M
YoY Change 108.66% 369.41% -68.34%
Other Long-Term Liabilities $4.640M $4.640M $4.640M
YoY Change 0.0% 0.0% 0.0%
Total Long-Term Liabilities $16.45M $12.62M $6.345M
YoY Change 59.63% 98.98% -36.62%
TOTAL LIABILITIES
Total Short-Term Liabilities $19.04M $19.37M $33.63M
Total Long-Term Liabilities $16.45M $12.62M $6.345M
Total Liabilities $35.49M $32.00M $39.98M
YoY Change -7.21% -19.96% -28.25%
SHAREHOLDERS EQUITY
Retained Earnings -$202.4M -$197.2M -$186.7M
YoY Change 15.05% 5.61%
Common Stock $198.3M $8.532K $8.148K
YoY Change 2.61% 4.71%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$10.40M -$4.701M -$1.563M
YoY Change
Total Liabilities & Shareholders Equity $25.09M $27.30M $35.51M
YoY Change -51.25% -23.12% 5.81%

Cashflow Statement

Concept 2014 Q4 2014 Q3 2013 Q3
OPERATING ACTIVITIES
Net Income -$5.243M -$7.415M -$3.585M
YoY Change -148.77% 106.86% -194.26%
Depreciation, Depletion And Amortization $1.710M $2.470M $500.0K
YoY Change 216.67% 394.0% 28.21%
Cash From Operating Activities -$5.530M -$6.560M -$8.260M
YoY Change -136.6% -20.58% -29.1%
INVESTING ACTIVITIES
Capital Expenditures -$140.0K -$180.0K -$660.0K
YoY Change -88.43% -72.73% 164.0%
Acquisitions
YoY Change
Other Investing Activities $0.00 -$1.250M
YoY Change -100.0%
Cash From Investing Activities -$140.0K -$180.0K -$1.910M
YoY Change -450.0% -90.58% 664.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 5.100M 4.730M 11.01M
YoY Change -202.0% -57.04% 4.66%
NET CHANGE
Cash From Operating Activities -5.530M -6.560M -8.260M
Cash From Investing Activities -140.0K -180.0K -1.910M
Cash From Financing Activities 5.100M 4.730M 11.01M
Net Change In Cash -570.0K -2.010M 840.0K
YoY Change -105.62% -339.29% -160.87%
FREE CASH FLOW
Cash From Operating Activities -$5.530M -$6.560M -$8.260M
Capital Expenditures -$140.0K -$180.0K -$660.0K
Free Cash Flow -$5.390M -$6.380M -$7.600M
YoY Change -133.03% -16.05% -33.33%

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dei Document Type
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dei Entity Registrant Name
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dei Trading Symbol
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OMEX
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<div> <p style="MARGIN-BOTTOM: 0pt; WHITE-SPACE: normal; TEXT-TRANSFORM: none; WORD-SPACING: 0px; COLOR: rgb(0,0,0); FONT: 10pt 'Times New Roman'; MARGIN-TOP: 18pt; LETTER-SPACING: normal; TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px"> <b>Use of Estimates</b></p> <p style="MARGIN-BOTTOM: 0pt; WHITE-SPACE: normal; TEXT-TRANSFORM: none; WORD-SPACING: 0px; COLOR: rgb(0,0,0); FONT: 10pt 'Times New Roman'; MARGIN-TOP: 6pt; LETTER-SPACING: normal; TEXT-INDENT: 4%; -webkit-text-stroke-width: 0px"> Management used estimates and assumptions in preparing these financial statements in accordance with generally accepted accounting principles. Those estimates and assumptions affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities, and the reported revenues and expenses. Actual results could vary from the estimates that were used.</p> </div>
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