2016 Q4 Form 10-Q Financial Statement

#000156459016029259 Filed on November 14, 2016

View on sec.gov

Income Statement

Concept 2016 Q4 2016 Q3 2015 Q3
Revenue $0.00 $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $1.170M $990.0K $1.100M
YoY Change -8.59% -10.0% 15.79%
% of Gross Profit
Research & Development $3.120M $3.720M $1.716M
YoY Change 65.08% 116.78% 28.06%
% of Gross Profit
Depreciation & Amortization $0.00 $10.00K $0.00
YoY Change -100.0%
% of Gross Profit
Operating Expenses $4.290M $4.712M $2.817M
YoY Change 34.91% 67.27% 23.01%
Operating Profit -$4.712M -$2.817M
YoY Change 67.27%
Interest Expense $50.00K $50.00K $1.000K
YoY Change 400.0% 4900.0%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$4.240M -$4.660M -$2.810M
YoY Change 33.75% 65.84% 23.25%
Income Tax
% Of Pretax Income
Net Earnings -$4.240M -$4.660M -$2.814M
YoY Change 33.75% 65.6% 23.42%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share -$8.480M -$9.320M -$5.620M
COMMON SHARES
Basic Shares Outstanding 9.082M
Diluted Shares Outstanding

Balance Sheet

Concept 2016 Q4 2016 Q3 2015 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $21.16M $23.47M $41.50M
YoY Change -45.46% -43.45% 141.28%
Cash & Equivalents $7.401M $8.095M $41.48M
Short-Term Investments $13.76M $15.37M
Other Short-Term Assets $282.0K $320.0K $200.0K
YoY Change 147.37% 60.0% 0.0%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $21.45M $23.79M $41.70M
YoY Change -44.89% -42.95% 138.29%
LONG-TERM ASSETS
Property, Plant & Equipment $66.00K $69.00K $0.00
YoY Change 135.71%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $2.400M $4.000M
YoY Change
Other Assets $766.0K $855.0K $700.0K
YoY Change 21.59% 22.14% 40.0%
Total Long-Term Assets $3.184M $4.912M $700.0K
YoY Change 383.89% 601.71% 40.0%
TOTAL ASSETS
Total Short-Term Assets $21.45M $23.79M $41.70M
Total Long-Term Assets $3.184M $4.912M $700.0K
Total Assets $24.63M $28.70M $42.40M
YoY Change -37.76% -32.31% 135.56%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.205M $1.100M $600.0K
YoY Change 231.04% 83.33% 50.0%
Accrued Expenses $1.200M $1.000M $700.0K
YoY Change 9.09% 42.86% 40.0%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $2.396M $2.156M $1.300M
YoY Change 59.31% 65.85% 62.5%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $0.00 $0.00 $0.00
YoY Change
Total Long-Term Liabilities $0.00 $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $2.396M $2.156M $1.300M
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $2.435M $2.200M $1.300M
YoY Change 61.9% 69.23% 62.5%
SHAREHOLDERS EQUITY
Retained Earnings -$112.5M
YoY Change 17.12%
Common Stock $134.7M $134.7M
YoY Change 0.44%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $22.19M $26.50M $41.10M
YoY Change
Total Liabilities & Shareholders Equity $24.63M $28.70M $42.40M
YoY Change -37.76% -32.31% 135.56%

Cashflow Statement

Concept 2016 Q4 2016 Q3 2015 Q3
OPERATING ACTIVITIES
Net Income -$4.240M -$4.660M -$2.814M
YoY Change 33.75% 65.6% 23.42%
Depreciation, Depletion And Amortization $0.00 $10.00K $0.00
YoY Change -100.0%
Cash From Operating Activities -$3.840M -$3.740M -$2.400M
YoY Change 46.56% 55.83% 15.38%
INVESTING ACTIVITIES
Capital Expenditures $0.00 -$10.00K $0.00
YoY Change
Acquisitions
YoY Change
Other Investing Activities $3.150M -$2.540M
YoY Change
Cash From Investing Activities $3.150M -$2.550M $0.00
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 0.000 0.000 -200.0K
YoY Change -100.0% -100.0% 300.0%
NET CHANGE
Cash From Operating Activities -3.840M -3.740M -2.400M
Cash From Investing Activities 3.150M -2.550M 0.000
Cash From Financing Activities 0.000 0.000 -200.0K
Net Change In Cash -690.0K -6.290M -2.600M
YoY Change -74.25% 141.92% 22.07%
FREE CASH FLOW
Cash From Operating Activities -$3.840M -$3.740M -$2.400M
Capital Expenditures $0.00 -$10.00K $0.00
Free Cash Flow -$3.840M -$3.730M -$2.400M
YoY Change 46.56% 55.42% 15.38%

Facts In Submission

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<div> <p style="margin-bottom:0pt;margin-top:18pt;text-indent:0%;font-weight:bold;font-style:italic;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;">Concentrations of Credit Risk </p> <p style="margin-bottom:0pt;margin-top:6pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Financial instruments that potentially subject the Company to significant concentrations of credit risk consist primarily of cash and cash equivalents. The Company has no off-balance-sheet concentrations of credit risk, such as foreign exchange contracts, option contracts, or foreign currency hedging arrangements. The Company maintains cash and cash equivalent balances in the form of bank demand deposits and money market fund accounts with financial institutions that management believes are creditworthy. Such balances may at times exceed the insured amount. </p></div>
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ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
62359
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
29486
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
471
CY2016Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
32402
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
8.36
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
8.78
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
4.69
CY2016Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
8.02
CY2016Q3 us-gaap Liability For Uncertain Tax Positions Current
LiabilityForUncertainTaxPositionsCurrent
0

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