2014 Q4 Form 10-Q Financial Statement

#000158095714000077 Filed on November 14, 2014

View on sec.gov

Income Statement

Concept 2014 Q4 2014 Q3 2013 Q3
Revenue $782.3K $554.5K $446.4K
YoY Change 124.59% 24.21% -65.94%
Cost Of Revenue $272.6K $405.1K $219.9K
YoY Change 66.01% 84.21% -56.32%
Gross Profit $509.7K $149.4K $226.5K
YoY Change 176.83% -34.04% -71.94%
Gross Profit Margin 65.15% 26.94% 50.74%
Selling, General & Admin $490.0K $560.0K $410.0K
YoY Change 28.95% 36.59% -12.77%
% of Gross Profit 96.13% 374.84% 181.01%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $10.00K $0.00 $10.00K
YoY Change -100.0% 0.0%
% of Gross Profit 1.96% 0.0% 4.41%
Operating Expenses $498.6K $564.5K $418.7K
YoY Change 30.79% 34.82% -12.91%
Operating Profit $11.07K -$415.1K -$192.2K
YoY Change -105.61% 115.99% -158.88%
Interest Expense $52.62K $345.8K $36.71K
YoY Change 26.32% 841.96% 23.03%
% of Operating Profit 475.43%
Other Income/Expense, Net -$46.44K -$345.8K
YoY Change
Pretax Income -$40.00K -$760.0K -$230.0K
YoY Change -83.33% 230.43% -235.29%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$40.00K -$760.9K -$240.8K
YoY Change -83.33% 215.96% -345.77%
Net Earnings / Revenue -5.11% -137.21% -53.94%
Basic Earnings Per Share -$0.01
Diluted Earnings Per Share $0.00 -$0.01 $0.00
COMMON SHARES
Basic Shares Outstanding 72.13M shares 53.37M shares 49.29M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2014 Q4 2014 Q3 2013 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $20.00K $20.00K $290.0K
YoY Change -93.1% 262.5%
Cash & Equivalents $20.32K $15.57K $294.3K
Short-Term Investments
Other Short-Term Assets $50.00K $140.0K $40.00K
YoY Change -28.57% 250.0% -78.95%
Inventory $250.0K $240.0K $120.0K
Prepaid Expenses $48.03K $143.0K $39.59K
Receivables $330.0K $180.0K $130.0K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $646.3K $585.3K $590.7K
YoY Change 76.66% -0.91% -0.03%
LONG-TERM ASSETS
Property, Plant & Equipment $32.97K $40.09K $28.82K
YoY Change 36.58% 39.1% -39.37%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $20.00K $20.00K $20.00K
YoY Change 0.0% 0.0% 0.0%
Total Long-Term Assets $54.71K $62.81K $53.08K
YoY Change 15.16% 18.34% -23.07%
TOTAL ASSETS
Total Short-Term Assets $646.3K $585.3K $590.7K
Total Long-Term Assets $54.71K $62.81K $53.08K
Total Assets $701.0K $648.2K $643.8K
YoY Change 69.59% 0.68% -2.44%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $420.0K $410.0K $580.0K
YoY Change -25.0% -29.31% 11.54%
Accrued Expenses $131.9K $113.7K $137.3K
YoY Change -6.02% -17.23% 44.97%
Deferred Revenue
YoY Change
Short-Term Debt $1.150M $530.0K $160.0K
YoY Change 538.89% 231.25% -60.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.771M $1.178M $976.0K
YoY Change 82.23% 20.72% -33.81%
LONG-TERM LIABILITIES
Long-Term Debt $360.0K $920.0K $640.0K
YoY Change -43.75% 43.75% 2033.33%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $356.6K $920.1K $640.0K
YoY Change -44.28% 43.77% 2460.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.771M $1.178M $976.0K
Total Long-Term Liabilities $356.6K $920.1K $640.0K
Total Liabilities $2.128M $2.098M $1.612M
YoY Change 32.35% 30.16% 7.51%
SHAREHOLDERS EQUITY
Retained Earnings -$39.29M -$39.26M -$37.73M
YoY Change 3.49% 4.05% 2.49%
Common Stock $37.81M $37.69M $36.71M
YoY Change 2.99% 2.67% 2.34%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$1.427M -$1.450M -$968.3K
YoY Change
Total Liabilities & Shareholders Equity $701.0K $648.2K $643.8K
YoY Change 69.59% 0.68% -2.44%

Cashflow Statement

Concept 2014 Q4 2014 Q3 2013 Q3
OPERATING ACTIVITIES
Net Income -$40.00K -$760.9K -$240.8K
YoY Change -83.33% 215.96% -345.77%
Depreciation, Depletion And Amortization $10.00K $0.00 $10.00K
YoY Change -100.0% 0.0%
Cash From Operating Activities -$90.00K -$230.0K $20.00K
YoY Change -68.97% -1250.0% -83.33%
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 100.0K 140.0K 290.0K
YoY Change -51.72% -583.33%
NET CHANGE
Cash From Operating Activities -90.00K -230.0K 20.00K
Cash From Investing Activities 0.000 0.000 0.000
Cash From Financing Activities 100.0K 140.0K 290.0K
Net Change In Cash 10.00K -90.00K 310.0K
YoY Change -103.45% -129.03% 416.67%
FREE CASH FLOW
Cash From Operating Activities -$90.00K -$230.0K $20.00K
Capital Expenditures $0.00 $0.00 $0.00
Free Cash Flow -$90.00K -$230.0K $20.00K
YoY Change -68.97% -1250.0% -83.33%

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us-gaap Licenses Revenue
LicensesRevenue
16845 USD
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
1030422 USD
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
397537 USD
CY2014Q3 us-gaap Gross Profit
GrossProfit
149398 USD
CY2013Q3 us-gaap Gross Profit
GrossProfit
226504 USD
us-gaap Gross Profit
GrossProfit
526682 USD
us-gaap Gross Profit
GrossProfit
402687 USD
CY2014Q3 us-gaap Salaries And Wages
SalariesAndWages
258164 USD
CY2013Q3 us-gaap Salaries And Wages
SalariesAndWages
145884 USD
us-gaap Salaries And Wages
SalariesAndWages
460441 USD
us-gaap Salaries And Wages
SalariesAndWages
295183 USD
CY2014Q3 us-gaap Depreciation And Amortization
DepreciationAndAmortization
7117 USD
CY2013Q3 us-gaap Depreciation And Amortization
DepreciationAndAmortization
4679 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
12582 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
9358 USD
CY2014Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
299189 USD
CY2013Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
268115 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
724212 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
523006 USD
CY2014Q3 us-gaap Operating Expenses
OperatingExpenses
564470 USD
CY2013Q3 us-gaap Operating Expenses
OperatingExpenses
418678 USD
us-gaap Operating Expenses
OperatingExpenses
1197235 USD
us-gaap Operating Expenses
OperatingExpenses
827547 USD
CY2014Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-415072 USD
CY2013Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-192174 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
-670553 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
-424860 USD
us-gaap Investment Income Interest
InvestmentIncomeInterest
12 USD
CY2014Q3 us-gaap Interest Expense
InterestExpense
345811 USD
CY2013Q3 us-gaap Interest Expense
InterestExpense
36712 USD
us-gaap Interest Expense
InterestExpense
417590 USD
us-gaap Interest Expense
InterestExpense
65486 USD
CY2014Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-345811 USD
CY2013Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-36712 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-417590 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-65474 USD
CY2014Q3 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-760883 USD
CY2013Q3 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-228886 USD
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-1088143 USD
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-490334 USD
CY2013Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
-11933 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
-29191 USD
CY2014Q3 us-gaap Net Income Loss
NetIncomeLoss
-760883 USD
CY2013Q3 us-gaap Net Income Loss
NetIncomeLoss
-240819 USD
us-gaap Net Income Loss
NetIncomeLoss
-1088143 USD
us-gaap Net Income Loss
NetIncomeLoss
-519525 USD
CY2014Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-760883 USD
CY2013Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-240819 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-1088143 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-519525 USD
CY2014Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-760883 USD
CY2013Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-240819 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-1088143 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-519525 USD
CY2014Q3 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
-0.01
CY2013Q3 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
0.0
us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
-0.02
us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
-0.01
CY2014Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare
0.0
CY2013Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare
0.0
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare
0.0
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare
0.0
CY2014Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.01
CY2013Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.0
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.02
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.01
CY2014Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
60843159 shares
CY2013Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
50166265 shares
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
60825672 shares
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
49732439 shares
pcsv Common Stock Issued For Services Stock Payable
CommonStockIssuedForServicesStockPayable
USD
pcsv Common Stock For Employee Bonus Value
CommonStockForEmployeeBonusValue
USD
us-gaap Stock Issued During Period Value Restricted Stock Award Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures
USD
us-gaap Conversion Of Stock Amount Issued1
ConversionOfStockAmountIssued1
696373 USD
us-gaap Noncash Or Part Noncash Divestiture Amount Of Consideration Received1
NoncashOrPartNoncashDivestitureAmountOfConsiderationReceived1
USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
800 USD
us-gaap Adjustments To Additional Paid In Capital Convertible Debt With Conversion Feature
AdjustmentsToAdditionalPaidInCapitalConvertibleDebtWithConversionFeature
USD
CY2014Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
72130076 shares
CY2014Q3 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
920109 USD
CY2014Q1 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
553823 USD
pcsv Stock Issued During Period Value Settlement Of Liabilties
StockIssuedDuringPeriodValueSettlementOfLiabilties
22000 USD
us-gaap Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
696373 USD
pcsv Stock On Settlement
StockOnSettlement
22000 USD
pcsv Stock On Settlement
StockOnSettlement
USD
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
80000 USD
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
USD
pcsv Cost Of Goods Sold Increase
CostOfGoodsSoldIncrease
632885 USD
CY2014Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
90000000 shares
us-gaap Debt Conversion Converted Instrument Shares Issued1
DebtConversionConvertedInstrumentSharesIssued1
665274 shares
pcsv Stock Issued During Period Shares Settlement Of Liabilties
StockIssuedDuringPeriodSharesSettlementOfLiabilties
750000 shares
us-gaap Stock Issued During Period Shares Issued For Services
StockIssuedDuringPeriodSharesIssuedForServices
400000 shares
CY2014Q1 pcsv Convertible Notes Payable Related Parties Unamortized Discount Current
ConvertibleNotesPayableRelatedPartiesUnamortizedDiscountCurrent
0 USD
CY2014Q3 us-gaap Stock Issued During Period Shares Restricted Stock Award Forfeited
StockIssuedDuringPeriodSharesRestrictedStockAwardForfeited
13750 shares
pcsv Common Stock For Restricted Stock Units Value
CommonStockForRestrictedStockUnitsValue
21000 USD
pcsv Stock Payable For Services
StockPayableForServices
9000 USD
pcsv Restricted Stock Units Value Per Share
RestrictedStockUnitsValuePerShare
0.05
pcsv Discontinued Operations Allowance Recorded For Promissory Note
DiscontinuedOperationsAllowanceRecordedForPromissoryNote
50740 USD
CY2014Q3 pcsv Convertible Short Term Notes Payable Unamortized Discount Current
ConvertibleShortTermNotesPayableUnamortizedDiscountCurrent
0 USD
CY2014Q1 pcsv Convertible Short Term Notes Payable Unamortized Discount Current
ConvertibleShortTermNotesPayableUnamortizedDiscountCurrent
0 USD
dei Entity Registrant Name
EntityRegistrantName
PCS EDVENTURES COM INC
dei Entity Central Index Key
EntityCentralIndexKey
0001122020
dei Document Type
DocumentType
10-Q
dei Document Period End Date
DocumentPeriodEndDate
2014-09-30
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--03-31
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Filer Category
EntityFilerCategory
Smaller Reporting Company
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2015
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2

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