2013 Q1 Form 10-Q Financial Statement

#000101041213000032 Filed on February 14, 2013

View on sec.gov

Income Statement

Concept 2013 Q1 2012 Q4 2012 Q1
Revenue $458.3K $553.0K $640.0K
YoY Change -28.39% 49.96% 60.0%
Cost Of Revenue $200.0K $334.7K $320.0K
YoY Change -37.5% 79.04% 100.0%
Gross Profit $230.0K $218.2K $330.0K
YoY Change -30.3% 20.05% 37.5%
Gross Profit Margin 50.18% 39.47% 51.56%
Selling, General & Admin $390.0K $430.0K $510.0K
YoY Change -23.53% -28.33% -33.77%
% of Gross Profit 169.57% 197.03% 154.55%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $10.00K $0.00 $60.00K
YoY Change -83.33% -100.0% 200.0%
% of Gross Profit 4.35% 0.0% 18.18%
Operating Expenses $390.0K $437.7K $570.0K
YoY Change -31.58% -28.03% -26.92%
Operating Profit -$160.0K -$219.4K -$240.0K
YoY Change -33.33% -48.53% -55.56%
Interest Expense -$60.00K $68.27K -$40.00K
YoY Change 50.0% 757.35% 300.0%
% of Operating Profit
Other Income/Expense, Net $0.00 -$30.00K
YoY Change -100.0% -50.0%
Pretax Income -$230.0K -$130.0K -$630.0K
YoY Change -63.49% -69.77% 3.28%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$260.2K -$146.0K -$630.0K
YoY Change -58.69% -66.29% 3.28%
Net Earnings / Revenue -56.78% -26.41% -98.44%
Basic Earnings Per Share
Diluted Earnings Per Share $0.00 $0.00 -$0.01
COMMON SHARES
Basic Shares Outstanding 49.04M 47.97M
Diluted Shares Outstanding 48.21M

Balance Sheet

Concept 2013 Q1 2012 Q4 2012 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $250.0K $40.00K $20.00K
YoY Change 1150.0% 33.33% -90.91%
Cash & Equivalents $245.8K $35.10K $15.78K
Short-Term Investments
Other Short-Term Assets $60.00K $40.00K $60.00K
YoY Change 0.0% -55.56% 50.0%
Inventory $90.00K $140.0K $60.00K
Prepaid Expenses $34.84K $37.45K $58.31K
Receivables $100.0K $140.0K $360.0K
Other Receivables $0.00 $10.00K $30.00K
Total Short-Term Assets $499.3K $356.9K $518.8K
YoY Change -3.75% -60.35% -27.95%
LONG-TERM ASSETS
Property, Plant & Equipment $38.18K $42.86K $56.89K
YoY Change -32.9% -46.43% -43.11%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $30.00K $30.00K $20.00K
YoY Change 50.0% 0.0% -33.33%
Total Long-Term Assets $64.66K $70.44K $80.58K
YoY Change -19.76% -84.35% -85.08%
TOTAL ASSETS
Total Short-Term Assets $499.3K $356.9K $518.8K
Total Long-Term Assets $64.66K $70.44K $80.58K
Total Assets $564.0K $427.3K $599.4K
YoY Change -5.9% -68.35% -52.43%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $430.0K $490.0K $460.0K
YoY Change -6.52% 16.67% 43.75%
Accrued Expenses $136.4K $105.3K $103.8K
YoY Change 31.41% -87.0% -38.96%
Deferred Revenue
YoY Change
Short-Term Debt $370.0K $440.0K $640.0K
YoY Change -42.19% 57.14% 236.84%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.115M $1.224M $1.417M
YoY Change -21.31% -25.82% 88.9%
LONG-TERM LIABILITIES
Long-Term Debt $420.0K $70.00K $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $420.0K $70.00K
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $1.115M $1.224M $1.417M
Total Long-Term Liabilities $420.0K $70.00K
Total Liabilities $1.537M $1.294M $1.417M
YoY Change 8.49% -21.58% 88.9%
SHAREHOLDERS EQUITY
Retained Earnings -$37.21M -$36.95M -$36.55M
YoY Change 1.81%
Common Stock $36.20M $36.04M $35.63M
YoY Change 1.6%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$973.0K -$866.6K -$817.4K
YoY Change
Total Liabilities & Shareholders Equity $564.0K $427.3K $599.4K
YoY Change -5.9% -68.35% -52.43%

Cashflow Statement

Concept 2013 Q1 2012 Q4 2012 Q1
OPERATING ACTIVITIES
Net Income -$260.2K -$146.0K -$630.0K
YoY Change -58.69% -66.29% 3.28%
Depreciation, Depletion And Amortization $10.00K $0.00 $60.00K
YoY Change -83.33% -100.0% 200.0%
Cash From Operating Activities -$70.00K -$120.0K -$370.0K
YoY Change -81.08% -500.0% -24.49%
INVESTING ACTIVITIES
Capital Expenditures $0.00 $0.00 $10.00K
YoY Change -100.0%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities $0.00 $0.00 -$10.00K
YoY Change -100.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 280.0K 80.00K 350.0K
YoY Change -20.0% -214.29% 9.38%
NET CHANGE
Cash From Operating Activities -70.00K -120.0K -370.0K
Cash From Investing Activities 0.000 0.000 -10.00K
Cash From Financing Activities 280.0K 80.00K 350.0K
Net Change In Cash 210.0K -40.00K -30.00K
YoY Change -800.0% 0.0% -82.35%
FREE CASH FLOW
Cash From Operating Activities -$70.00K -$120.0K -$370.0K
Capital Expenditures $0.00 $0.00 $10.00K
Free Cash Flow -$70.00K -$120.0K -$380.0K
YoY Change -81.58% -500.0% -22.45%

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