2014 Q3 Form 10-Q Financial Statement

#000158095714000051 Filed on August 07, 2014

View on sec.gov

Income Statement

Concept 2014 Q3 2014 Q2 2013 Q2
Revenue $554.5K $1.003M $353.8K
YoY Change 24.21% 183.38% -27.41%
Cost Of Revenue $405.1K $625.3K $177.6K
YoY Change 84.21% 252.07% -30.13%
Gross Profit $149.4K $377.3K $176.2K
YoY Change -34.04% 114.14% -24.44%
Gross Profit Margin 26.94% 37.63% 49.8%
Selling, General & Admin $560.0K $630.0K $400.0K
YoY Change 36.59% 57.5% -16.67%
% of Gross Profit 374.84% 166.98% 227.04%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $0.00 $6.574K $4.679K
YoY Change -100.0% 40.5% 0.0%
% of Gross Profit 0.0% 1.74% 2.66%
Operating Expenses $564.5K $632.8K $409.3K
YoY Change 34.82% 54.6% -16.31%
Operating Profit -$415.1K -$255.5K -$233.1K
YoY Change 115.99% 9.6% -8.91%
Interest Expense $345.8K $71.78K $28.77K
YoY Change 841.96% 149.46% 30.23%
% of Operating Profit
Other Income/Expense, Net -$345.8K -$71.78K -$28.76K
YoY Change 149.56% -68.67%
Pretax Income -$760.0K -$330.0K -$260.0K
YoY Change 230.43% 26.92% -25.71%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$760.9K -$327.3K -$278.7K
YoY Change 215.96% 17.42% -21.67%
Net Earnings / Revenue -137.21% -32.64% -78.78%
Basic Earnings Per Share -$0.01 -$0.01
Diluted Earnings Per Share -$0.01 -$0.01 -$0.01
COMMON SHARES
Basic Shares Outstanding 53.37M shares 53.34M shares
Diluted Shares Outstanding 55.71M shares

Balance Sheet

Concept 2014 Q3 2014 Q2 2013 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $20.00K $110.0K $20.00K
YoY Change -93.1% 450.0% 0.0%
Cash & Equivalents $15.57K $106.4K $19.67K
Short-Term Investments
Other Short-Term Assets $140.0K $50.00K $80.00K
YoY Change 250.0% -37.5% 100.0%
Inventory $240.0K $100.0K $80.00K
Prepaid Expenses $143.0K $52.34K $44.20K
Receivables $180.0K $550.0K $120.0K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $585.3K $810.1K $294.1K
YoY Change -0.91% 175.5% -36.08%
LONG-TERM ASSETS
Property, Plant & Equipment $40.09K $44.45K $33.50K
YoY Change 39.1% 32.69% -16.26%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $20.00K $20.00K $30.00K
YoY Change 0.0% -33.33% 50.0%
Total Long-Term Assets $62.81K $65.38K $58.87K
YoY Change 18.34% 11.06% -15.91%
TOTAL ASSETS
Total Short-Term Assets $585.3K $810.1K $294.1K
Total Long-Term Assets $62.81K $65.38K $58.87K
Total Assets $648.2K $875.5K $352.9K
YoY Change 0.68% 148.07% -33.41%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $410.0K $410.0K $410.0K
YoY Change -29.31% 0.0% -29.31%
Accrued Expenses $113.7K $165.1K $123.2K
YoY Change -17.23% 33.99% -11.98%
Deferred Revenue
YoY Change
Short-Term Debt $530.0K $1.000M $420.0K
YoY Change 231.25% 138.1% -10.64%
Long-Term Debt Due $190.0K
YoY Change
Total Short-Term Liabilities $1.178M $1.719M $1.344M
YoY Change 20.72% 27.92% -10.41%
LONG-TERM LIABILITIES
Long-Term Debt $920.0K $650.0K $190.0K
YoY Change 43.75% 242.11% 533.33%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $920.1K $650.0K $190.0K
YoY Change 43.77% 242.11% 533.33%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.178M $1.719M $1.344M
Total Long-Term Liabilities $920.1K $650.0K $190.0K
Total Liabilities $2.098M $2.372M $1.530M
YoY Change 30.16% 55.0% 0.02%
SHAREHOLDERS EQUITY
Retained Earnings -$39.26M -$38.50M -$37.49M
YoY Change 4.05% 2.69%
Common Stock $37.69M $36.95M $36.26M
YoY Change 2.67% 1.9%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$1.450M -$1.497M -$1.177M
YoY Change
Total Liabilities & Shareholders Equity $648.2K $875.5K $352.9K
YoY Change 0.68% 148.07% -33.41%

Cashflow Statement

Concept 2014 Q3 2014 Q2 2013 Q2
OPERATING ACTIVITIES
Net Income -$760.9K -$327.3K -$278.7K
YoY Change 215.96% 17.42% -21.67%
Depreciation, Depletion And Amortization $0.00 $6.574K $4.679K
YoY Change -100.0% 40.5% 0.0%
Cash From Operating Activities -$230.0K -$191.9K -$258.1K
YoY Change -1250.0% -25.66% -901.68%
INVESTING ACTIVITIES
Capital Expenditures $0.00 $30.57K
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities $0.00 -$30.57K
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 140.0K $301.0K -$33.47K
YoY Change -51.72% -999.37% 99.83%
NET CHANGE
Cash From Operating Activities -230.0K -$191.9K -$258.1K
Cash From Investing Activities 0.000 -$30.57K
Cash From Financing Activities 140.0K $301.0K -$33.47K
Net Change In Cash -90.00K $78.56K -$291.6K
YoY Change -129.03% -126.94% -1987.53%
FREE CASH FLOW
Cash From Operating Activities -$230.0K -$191.9K -$258.1K
Capital Expenditures $0.00 $30.57K
Free Cash Flow -$230.0K -$222.5K -$258.1K
YoY Change -1250.0% -13.81% -901.68%

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CY2014Q2 dei Entity Registrant Name
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PCS EDVENTURES COM INC
CY2014Q2 dei Entity Central Index Key
EntityCentralIndexKey
0001122020
CY2014Q2 dei Document Type
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10-Q
CY2014Q2 dei Document Period End Date
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2014-06-30
CY2014Q2 dei Amendment Flag
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false
CY2014Q2 dei Current Fiscal Year End Date
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CY2014Q2 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2014Q2 dei Entity Filer Category
EntityFilerCategory
Smaller Reporting Company
CY2014Q2 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2015
CY2014Q2 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2014Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
53370332 shares

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