$OVTZ
OCULUS VISIONTECH INC.

2016 Q1 Form 10-Q Financial Statement

#000157587216000350 Filed on May 16, 2016

View on sec.gov

Income Statement

Concept 2016 Q1 2015 Q1
Revenue $0.00 $5.500K
YoY Change -100.0% -66.67%
Cost Of Revenue $425.00
YoY Change
Gross Profit $0.00 $5.075K
YoY Change -100.0% -74.63%
Gross Profit Margin 92.27%
Selling, General & Admin $36.69K $23.10K
YoY Change 58.82% -61.5%
% of Gross Profit 455.19%
Research & Development $55.08K $0.00
YoY Change -100.0%
% of Gross Profit 0.0%
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $91.76K $23.10K
YoY Change 297.23% -80.75%
Operating Profit -$91.76K -$18.03K
YoY Change 409.06% -81.97%
Interest Expense $0.00 -$10.00K
YoY Change -100.0% 0.0%
% of Operating Profit
Other Income/Expense, Net $0.00 -$7.175K
YoY Change -100.0%
Pretax Income -$90.00K -$30.00K
YoY Change 200.0% -72.73%
Income Tax
% Of Pretax Income
Net Earnings -$91.76K -$25.20K
YoY Change 264.12% -77.72%
Net Earnings / Revenue -458.2%
Basic Earnings Per Share
Diluted Earnings Per Share -$1.975K -$2.211K
COMMON SHARES
Basic Shares Outstanding 45.57M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2016 Q1 2015 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $90.00K $0.00
YoY Change -100.0%
Cash & Equivalents $93.41K $3.069K
Short-Term Investments
Other Short-Term Assets $10.00K $10.00K
YoY Change 0.0% 0.0%
Inventory
Prepaid Expenses
Receivables $0.00
Other Receivables $0.00
Total Short-Term Assets $101.0K $10.00K
YoY Change 910.37% -75.0%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $0.00
YoY Change
Total Long-Term Assets $0.00 $0.00
YoY Change
TOTAL ASSETS
Total Short-Term Assets $101.0K $10.00K
Total Long-Term Assets $0.00 $0.00
Total Assets $101.0K $10.00K
YoY Change 910.37% -75.0%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $40.00K $80.00K
YoY Change -50.0% 33.33%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $580.0K
YoY Change -100.0% 0.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $61.12K $1.220M
YoY Change -94.99% 14.02%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $61.12K $1.220M
Total Long-Term Liabilities $0.00 $0.00
Total Liabilities $60.00K $1.220M
YoY Change -95.08% 14.02%
SHAREHOLDERS EQUITY
Retained Earnings -$40.42M
YoY Change
Common Stock $40.46M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $39.92K -$1.210M
YoY Change
Total Liabilities & Shareholders Equity $101.0K $10.00K
YoY Change 910.37% -75.0%

Cashflow Statement

Concept 2016 Q1 2015 Q1
OPERATING ACTIVITIES
Net Income -$91.76K -$25.20K
YoY Change 264.12% -77.72%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities -$90.00K $0.00
YoY Change -100.0%
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
YoY Change
NET CHANGE
Cash From Operating Activities -90.00K 0.000
Cash From Investing Activities
Cash From Financing Activities
Net Change In Cash -90.00K 0.000
YoY Change -100.0%
FREE CASH FLOW
Cash From Operating Activities -$90.00K $0.00
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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RetainedEarningsAccumulatedDeficit
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CY2016Q1 us-gaap Stockholders Equity
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CY2016Q1 us-gaap Liabilities And Stockholders Equity
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CY2016Q1 us-gaap Revenues
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0 USD
CY2015Q1 us-gaap Revenues
Revenues
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CY2015Q1 us-gaap Cost Of Goods Sold
CostOfGoodsSold
425 USD
CY2016Q1 us-gaap Prepaid Expense And Other Assets Current
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7627 USD
CY2015Q4 us-gaap Prepaid Expense And Other Assets Current
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CY2016Q1 us-gaap Assets Current
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CY2015Q4 us-gaap Assets Current
AssetsCurrent
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CY2016Q1 us-gaap Deferred Tax Assets Liabilities Net Noncurrent
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0 USD
CY2015Q4 us-gaap Deferred Tax Assets Liabilities Net Noncurrent
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CY2016Q1 us-gaap Assets
Assets
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CY2015Q4 us-gaap Assets
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CY2016Q1 us-gaap Accounts Payable And Accrued Liabilities Current
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CY2015Q4 us-gaap Accounts Payable And Accrued Liabilities Current
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CY2016Q1 us-gaap Due To Related Parties Current
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CY2015Q4 us-gaap Due To Related Parties Current
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CY2016Q1 us-gaap Liabilities Current
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CY2015Q4 us-gaap Liabilities Current
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CY2016Q1 us-gaap Common Stock Value
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CY2015Q4 us-gaap Common Stock Value
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CY2015Q4 us-gaap Retained Earnings Accumulated Deficit
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CY2015Q4 us-gaap Stockholders Equity
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CY2015Q4 us-gaap Liabilities And Stockholders Equity
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CY2016Q1 us-gaap Cost Of Goods Sold
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CY2016Q1 us-gaap Research And Development Expense
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CY2015Q1 us-gaap Research And Development Expense
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CY2016Q1 us-gaap Selling General And Administrative Expense
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CY2015Q1 us-gaap Selling General And Administrative Expense
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CY2016Q1 us-gaap Costs And Expenses
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CY2015Q1 us-gaap Costs And Expenses
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CY2016Q1 us-gaap Operating Income Loss
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-91763 USD
CY2015Q1 us-gaap Operating Income Loss
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-18026 USD
CY2016Q1 us-gaap Interest Income Expense Net
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CY2015Q1 us-gaap Interest Income Expense Net
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CY2016Q1 us-gaap Net Income Loss
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CY2015Q1 us-gaap Net Income Loss
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CY2016Q1 us-gaap Earnings Per Share Basic And Diluted
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CY2015Q1 us-gaap Earnings Per Share Basic And Diluted
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CY2016Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
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CY2015Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
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CY2016Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
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CY2015Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
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CY2016Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
1289 USD
CY2015Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
261 USD
CY2016Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
20930 USD
CY2015Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
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CY2016Q1 us-gaap Increase Decrease In Due To Related Parties
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CY2015Q1 us-gaap Increase Decrease In Due To Related Parties
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CY2016Q1 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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CY2015Q1 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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CY2016Q1 us-gaap Cash And Cash Equivalents Period Increase Decrease
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CY2015Q1 us-gaap Cash And Cash Equivalents Period Increase Decrease
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CY2014Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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CY2015Q1 us-gaap Cash And Cash Equivalents At Carrying Value
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CY2016Q1 us-gaap Interest Paid
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CY2015Q1 us-gaap Interest Paid
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CY2016Q1 us-gaap Nonoperating Income Expense
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0 USD
CY2015Q1 us-gaap Nonoperating Income Expense
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CY2016Q1 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
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CY2015Q4 us-gaap Deferred Tax Assets Valuation Allowance
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CY2015Q4 us-gaap Preferred Stock No Par Value
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CY2016Q1 us-gaap Preferred Stock No Par Value
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CY2015Q4 us-gaap Preferred Stock Shares Authorized
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CY2016Q1 us-gaap Preferred Stock Shares Authorized
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CY2015Q4 us-gaap Preferred Stock Shares Issued
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CY2016Q1 us-gaap Preferred Stock Shares Issued
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CY2015Q4 us-gaap Common Stock No Par Value
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CY2016Q1 us-gaap Common Stock No Par Value
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CY2016Q1 us-gaap Common Stock Shares Authorized
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CY2015 us-gaap Net Income Loss
NetIncomeLoss
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CY2014 us-gaap Net Income Loss
NetIncomeLoss
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CY2016Q1 ovtz Working Capital Deficit
WorkingCapitalDeficit
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CY2016Q1 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
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CY2015Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
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CY2016Q1 us-gaap Preferred Stock Value
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CY2015Q4 us-gaap Preferred Stock Value
PreferredStockValue
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Files In Submission

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0001575872-16-000350-index-headers.html Edgar Link pending
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0001575872-16-000350.txt Edgar Link pending
0001575872-16-000350-xbrl.zip Edgar Link pending
10q.htm Edgar Link pending
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