2012 Q4 Form 10-Q Financial Statement

#000101041212000390 Filed on November 14, 2012

View on sec.gov

Income Statement

Concept 2012 Q4 2012 Q3 2011 Q3
Revenue $553.0K $1.311M $754.4K
YoY Change 49.96% 73.73% 57.16%
Cost Of Revenue $334.7K $503.5K $311.9K
YoY Change 79.04% 61.41% 55.96%
Gross Profit $218.2K $807.2K $442.5K
YoY Change 20.05% 82.42% 63.88%
Gross Profit Margin 39.47% 61.59% 58.65%
Selling, General & Admin $430.0K $470.0K $650.0K
YoY Change -28.33% -27.69% -36.27%
% of Gross Profit 197.03% 58.23% 146.9%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $0.00 $10.00K $10.00K
YoY Change -100.0% 0.0% -50.0%
% of Gross Profit 0.0% 1.24% 2.26%
Operating Expenses $437.7K $480.8K $665.6K
YoY Change -28.03% -27.77% -36.0%
Operating Profit -$219.4K $326.4K -$223.1K
YoY Change -48.53% -246.29% -71.02%
Interest Expense $68.27K $29.84K $83.72K
YoY Change 757.35% -64.36%
% of Operating Profit 9.14%
Other Income/Expense, Net $1.000K $67.43K
YoY Change -98.52%
Pretax Income -$130.0K $170.0K -$300.0K
YoY Change -69.77% -156.67% -60.53%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$146.0K $97.99K -$295.8K
YoY Change -66.29% -133.13% -61.08%
Net Earnings / Revenue -26.41% 7.48% -39.21%
Basic Earnings Per Share
Diluted Earnings Per Share $0.00 $0.00 -$0.01
COMMON SHARES
Basic Shares Outstanding 47.97M 44.97M shares
Diluted Shares Outstanding 48.21M 46.84M 43.01M

Balance Sheet

Concept 2012 Q4 2012 Q3 2011 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $40.00K $80.00K $70.00K
YoY Change 33.33% 14.29% -61.11%
Cash & Equivalents $35.10K $81.85K $65.44K
Short-Term Investments
Other Short-Term Assets $40.00K $190.0K $70.00K
YoY Change -55.56% 171.43% 40.0%
Inventory $140.0K $150.0K $160.0K
Prepaid Expenses $37.45K $190.1K
Receivables $140.0K $160.0K $420.0K
Other Receivables $10.00K $10.00K $0.00
Total Short-Term Assets $356.9K $590.9K $720.0K
YoY Change -60.35% -17.93% 4.35%
LONG-TERM ASSETS
Property, Plant & Equipment $42.86K $47.53K $80.00K
YoY Change -46.43% -40.58% -11.11%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $30.00K $20.00K $30.00K
YoY Change 0.0% -33.33% -25.0%
Total Long-Term Assets $70.44K $69.00K $460.0K
YoY Change -84.35% -85.0% -16.36%
TOTAL ASSETS
Total Short-Term Assets $356.9K $590.9K $720.0K
Total Long-Term Assets $70.44K $69.00K $460.0K
Total Assets $427.3K $659.9K $1.180M
YoY Change -68.35% -44.08% -4.84%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $490.0K $520.0K $490.0K
YoY Change 16.67% 6.12% 40.0%
Accrued Expenses $105.3K $94.72K $220.0K
YoY Change -87.0% -56.94% 214.29%
Deferred Revenue
YoY Change
Short-Term Debt $440.0K $400.0K $350.0K
YoY Change 57.14% 14.29%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.224M $1.474M $1.190M
YoY Change -25.82% 23.9% 128.85%
LONG-TERM LIABILITIES
Long-Term Debt $70.00K $30.00K $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $70.00K $25.00K $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $1.224M $1.474M $1.190M
Total Long-Term Liabilities $70.00K $25.00K $0.00
Total Liabilities $1.294M $1.499M $1.190M
YoY Change -21.58% 26.0% 128.85%
SHAREHOLDERS EQUITY
Retained Earnings -$36.95M -$36.81M
YoY Change
Common Stock $36.04M $35.86M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$866.6K -$839.5K -$10.00K
YoY Change
Total Liabilities & Shareholders Equity $427.3K $659.9K $1.180M
YoY Change -68.35% -44.08% -4.84%

Cashflow Statement

Concept 2012 Q4 2012 Q3 2011 Q3
OPERATING ACTIVITIES
Net Income -$146.0K $97.99K -$295.8K
YoY Change -66.29% -133.13% -61.08%
Depreciation, Depletion And Amortization $0.00 $10.00K $10.00K
YoY Change -100.0% 0.0% -50.0%
Cash From Operating Activities -$120.0K $120.0K -$130.0K
YoY Change -500.0% -192.31% -55.17%
INVESTING ACTIVITIES
Capital Expenditures $0.00 $0.00 $0.00
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities $0.00 $0.00 $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 80.00K -60.00K 80.00K
YoY Change -214.29% -175.0%
NET CHANGE
Cash From Operating Activities -120.0K 120.0K -130.0K
Cash From Investing Activities 0.000 0.000 0.000
Cash From Financing Activities 80.00K -60.00K 80.00K
Net Change In Cash -40.00K 60.00K -50.00K
YoY Change 0.0% -220.0% -82.76%
FREE CASH FLOW
Cash From Operating Activities -$120.0K $120.0K -$130.0K
Capital Expenditures $0.00 $0.00 $0.00
Free Cash Flow -$120.0K $120.0K -$130.0K
YoY Change -500.0% -192.31% -55.17%

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CY2012Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
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CY2012Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
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CY2012Q3 us-gaap Preproduction Costs Related To Long Term Supply Arrangements Asset For Molds Dies And Tools Owned
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CY2012Q1 us-gaap Preproduction Costs Related To Long Term Supply Arrangements Asset For Molds Dies And Tools Owned
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us-gaap Proceeds From Lines Of Credit
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us-gaap Proceeds From Warrant Exercises
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us-gaap Revenues
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us-gaap Share Based Compensation
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2012Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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43009239

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