2016 Q1 Form 10-K Financial Statement
#000157587216000314 Filed on March 31, 2016
Income Statement
Concept | 2016 Q1 | 2015 Q4 | 2015 |
---|---|---|---|
Revenue | $0.00 | $0.00 | $5.500K |
YoY Change | -100.0% | -100.0% | -91.67% |
Cost Of Revenue | $0.00 | $425.00 | |
YoY Change | |||
Gross Profit | $0.00 | $0.00 | $5.075K |
YoY Change | -100.0% | -100.0% | |
Gross Profit Margin | 92.27% | ||
Selling, General & Admin | $36.69K | $160.0K | $236.7K |
YoY Change | 58.82% | 300.0% | 67.18% |
% of Gross Profit | 4663.29% | ||
Research & Development | $55.08K | $80.00K | $138.4K |
YoY Change | 300.0% | -5.82% | |
% of Gross Profit | 2727.7% | ||
Depreciation & Amortization | |||
YoY Change | |||
% of Gross Profit | |||
Operating Expenses | $91.76K | $250.0K | $375.1K |
YoY Change | 297.23% | 257.14% | 164.97% |
Operating Profit | -$91.76K | -$250.0K | -$370.0K |
YoY Change | 409.06% | 400.0% | 62.54% |
Interest Expense | $0.00 | $0.00 | |
YoY Change | -100.0% | -100.0% | |
% of Operating Profit | |||
Other Income/Expense, Net | $0.00 | $0.00 | -$16.57K |
YoY Change | -100.0% | -49.29% | |
Pretax Income | -$90.00K | -$250.0K | |
YoY Change | 200.0% | 316.67% | |
Income Tax | |||
% Of Pretax Income | |||
Net Earnings | -$91.76K | -$247.2K | -$386.6K |
YoY Change | 264.12% | 338.25% | 48.51% |
Net Earnings / Revenue | -7028.8% | ||
Basic Earnings Per Share | |||
Diluted Earnings Per Share | -$1.975K | -$6.173K | |
COMMON SHARES | |||
Basic Shares Outstanding | 45.57M shares | 45.57M shares | |
Diluted Shares Outstanding |
Balance Sheet
Concept | 2016 Q1 | 2015 Q4 | 2015 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $90.00K | $190.0K | $187.1K |
YoY Change | 9799.47% | ||
Cash & Equivalents | $93.41K | $187.1K | $187.1K |
Short-Term Investments | |||
Other Short-Term Assets | $10.00K | $10.00K | $6.340K |
YoY Change | 0.0% | 0.0% | 7.82% |
Inventory | |||
Prepaid Expenses | |||
Receivables | $0.00 | $0.00 | |
Other Receivables | $0.00 | $0.00 | |
Total Short-Term Assets | $101.0K | $193.4K | $193.4K |
YoY Change | 910.37% | 930.83% | 930.58% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | |||
YoY Change | |||
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Total Long-Term Assets | $0.00 | $0.00 | $0.00 |
YoY Change | |||
TOTAL ASSETS | |||
Total Short-Term Assets | $101.0K | $193.4K | $193.4K |
Total Long-Term Assets | $0.00 | $0.00 | $0.00 |
Total Assets | $101.0K | $193.4K | $193.4K |
YoY Change | 910.37% | 930.83% | 930.58% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $40.00K | $4.539K | $19.85K |
YoY Change | -50.0% | -90.6% | -70.19% |
Accrued Expenses | |||
YoY Change | |||
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | -100.0% | -100.0% | -100.0% |
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $61.12K | $61.75K | $61.75K |
YoY Change | -94.99% | -94.87% | -94.87% |
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 | $61.12K | $61.75K | $61.75K |
Total Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
Total Liabilities | $60.00K | $60.00K | $61.75K |
YoY Change | -95.08% | -95.0% | -94.87% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$40.42M | -$40.33M | |
YoY Change | 0.97% | ||
Common Stock | $40.46M | $40.46M | |
YoY Change | 4.39% | ||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $39.92K | $131.7K | $131.7K |
YoY Change | |||
Total Liabilities & Shareholders Equity | $101.0K | $193.4K | $193.4K |
YoY Change | 910.37% | 930.83% | 930.58% |
Cashflow Statement
Concept | 2016 Q1 | 2015 Q4 | 2015 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$91.76K | -$247.2K | -$386.6K |
YoY Change | 264.12% | 338.25% | 48.51% |
Depreciation, Depletion And Amortization | |||
YoY Change | |||
Cash From Operating Activities | -$90.00K | -$940.0K | -$938.1K |
YoY Change | 9300.0% | 18662.0% | |
INVESTING ACTIVITIES | |||
Capital Expenditures | |||
YoY Change | |||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | |||
YoY Change | |||
Cash From Investing Activities | |||
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 | 1.120M | 1.123M | |
YoY Change | |||
NET CHANGE | |||
Cash From Operating Activities | -90.00K | -940.0K | -938.1K |
Cash From Investing Activities | |||
Cash From Financing Activities | 1.120M | 1.123M | |
Net Change In Cash | -90.00K | 180.0K | 185.2K |
YoY Change | -1900.0% | -3804.2% | |
FREE CASH FLOW | |||
Cash From Operating Activities | -$90.00K | -$940.0K | -$938.1K |
Capital Expenditures | |||
Free Cash Flow | |||
YoY Change |
Facts In Submission
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|
30328000 | USD |
CY2015 | us-gaap |
Operating Loss Carryforwards Expiration Date
OperatingLossCarryforwardsExpirationDate
|
2034-12-31 | |
CY2015Q1 | us-gaap |
Revenues
Revenues
|
5500 | USD |
CY2015Q2 | us-gaap |
Revenues
Revenues
|
0 | USD |
CY2015Q3 | us-gaap |
Revenues
Revenues
|
0 | USD |
CY2015Q4 | us-gaap |
Revenues
Revenues
|
0 | USD |
CY2015Q1 | ovtz |
Expenses
Expenses
|
30701 | USD |
CY2015Q2 | ovtz |
Expenses
Expenses
|
32249 | USD |
CY2015Q3 | ovtz |
Expenses
Expenses
|
81984 | USD |
CY2015Q4 | ovtz |
Expenses
Expenses
|
247150 | USD |
CY2015 | ovtz |
Expenses
Expenses
|
392084 | USD |
CY2014Q1 | ovtz |
Expenses
Expenses
|
129605 | USD |
CY2014Q2 | ovtz |
Expenses
Expenses
|
72413 | USD |
CY2014Q3 | ovtz |
Expenses
Expenses
|
51401 | USD |
CY2014Q4 | ovtz |
Expenses
Expenses
|
72895 | USD |
CY2014 | ovtz |
Expenses
Expenses
|
326314 | USD |
CY2015Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-25201 | USD |
CY2015Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-32249 | USD |
CY2015Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-81984 | USD |
CY2015Q4 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-247150 | USD |
CY2014Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-113105 | USD |
CY2014Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-55913 | USD |
CY2014Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-34901 | USD |
CY2014Q4 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-56395 | USD |
CY2015Q1 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.00 | |
CY2015Q2 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.00 | |
CY2015Q3 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.01 | |
CY2015Q4 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.02 | |
CY2014Q1 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.01 | |
CY2014Q2 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0 | |
CY2014Q3 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0 | |
CY2014Q4 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0 | |
CY2015 | us-gaap |
Technology Services Revenue
TechnologyServicesRevenue
|
5500 | USD |
CY2014 | us-gaap |
Technology Services Revenue
TechnologyServicesRevenue
|
66000 | USD |
CY2015Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
CY2014Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
CY2012Q4 | ovtz |
Date Of Transaction
DateOfTransaction
|
2012-11-30 | |
CY2015Q2 | dei |
Entity Public Float
EntityPublicFloat
|
1204667.949 | CAD |
CY2015Q4 | ovtz |
Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingExercisePrice
|
0.07 | |
CY2014Q4 | ovtz |
Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingExercisePrice
|
0 |