2015 Q3 Form 10-Q Financial Statement

#000158095715000069 Filed on August 13, 2015

View on sec.gov

Income Statement

Concept 2015 Q3 2015 Q2 2014 Q2
Revenue $524.8K $1.291M $1.003M
YoY Change -5.36% 28.79% 183.38%
Cost Of Revenue $237.0K $548.7K $625.3K
YoY Change -41.49% -12.25% 252.07%
Gross Profit $287.8K $742.5K $377.3K
YoY Change 92.62% 96.8% 114.14%
Gross Profit Margin 54.83% 57.5% 37.63%
Selling, General & Admin $550.0K $510.0K $630.0K
YoY Change -1.79% -19.05% 57.5%
% of Gross Profit 191.12% 68.69% 166.98%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $10.00K $2.598K $6.574K
YoY Change -60.48% 40.5%
% of Gross Profit 3.47% 0.35% 1.74%
Operating Expenses $556.8K $509.1K $632.8K
YoY Change -1.36% -19.54% 54.6%
Operating Profit -$269.0K $233.4K -$255.5K
YoY Change -35.19% -191.34% 9.6%
Interest Expense $62.54K $102.5K $71.78K
YoY Change -81.92% 42.8% 149.46%
% of Operating Profit 43.92%
Other Income/Expense, Net -$62.54K -$102.5K -$71.78K
YoY Change -81.92% 42.8% 149.56%
Pretax Income -$330.0K $130.0K -$330.0K
YoY Change -56.58% -139.39% 26.92%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$331.5K $130.9K -$327.3K
YoY Change -56.43% -139.99% 17.42%
Net Earnings / Revenue -63.18% 10.13% -32.64%
Basic Earnings Per Share $0.00 $0.00 -$0.01
Diluted Earnings Per Share $0.00 $0.00 -$0.01
COMMON SHARES
Basic Shares Outstanding 75.08M shares 74.24M shares 53.34M shares
Diluted Shares Outstanding 78.49M shares 55.71M shares

Balance Sheet

Concept 2015 Q3 2015 Q2 2014 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $190.0K $80.00K $110.0K
YoY Change 850.0% -27.27% 450.0%
Cash & Equivalents $192.7K $78.19K $106.4K
Short-Term Investments
Other Short-Term Assets $80.00K $120.0K $50.00K
YoY Change -42.86% 140.0% -37.5%
Inventory $270.0K $270.0K $100.0K
Prepaid Expenses $81.14K $119.2K $52.34K
Receivables $331.5K $750.0K $550.0K
Other Receivables $20.00K $10.00K $0.00
Total Short-Term Assets $891.7K $1.228M $810.1K
YoY Change 52.33% 51.54% 175.5%
LONG-TERM ASSETS
Property, Plant & Equipment $20.66K $23.26K $44.45K
YoY Change -48.47% -47.68% 32.69%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $10.00K $20.00K $20.00K
YoY Change -50.0% 0.0% -33.33%
Total Long-Term Assets $28.75K $41.99K $65.38K
YoY Change -54.22% -35.78% 11.06%
TOTAL ASSETS
Total Short-Term Assets $891.7K $1.228M $810.1K
Total Long-Term Assets $28.75K $41.99K $65.38K
Total Assets $920.4K $1.270M $875.5K
YoY Change 42.01% 45.02% 148.07%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $370.0K $360.0K $410.0K
YoY Change -9.76% -12.2% 0.0%
Accrued Expenses $195.9K $166.1K $165.1K
YoY Change 72.4% 0.59% 33.99%
Deferred Revenue
YoY Change
Short-Term Debt $1.664M $1.820M $1.000M
YoY Change 213.95% 82.0% 138.1%
Long-Term Debt Due $132.6K $10.00K
YoY Change
Total Short-Term Liabilities $2.410M $2.460M $1.719M
YoY Change 104.53% 43.1% 27.92%
LONG-TERM LIABILITIES
Long-Term Debt $108.7K $320.0K $650.0K
YoY Change -88.18% -50.77% 242.11%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $108.7K $320.0K $650.0K
YoY Change -88.18% -50.77% 242.11%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.410M $2.460M $1.719M
Total Long-Term Liabilities $108.7K $320.0K $650.0K
Total Liabilities $2.518M $2.778M $2.372M
YoY Change 20.03% 17.13% 55.0%
SHAREHOLDERS EQUITY
Retained Earnings -$39.82M -$39.49M -$38.50M
YoY Change 1.43% 2.57% 2.69%
Common Stock $38.12M $37.93M $36.95M
YoY Change 1.15% 2.65% 1.9%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$1.598M -$1.509M -$1.497M
YoY Change
Total Liabilities & Shareholders Equity $920.4K $1.270M $875.5K
YoY Change 42.01% 45.02% 148.07%

Cashflow Statement

Concept 2015 Q3 2015 Q2 2014 Q2
OPERATING ACTIVITIES
Net Income -$331.5K $130.9K -$327.3K
YoY Change -56.43% -139.99% 17.42%
Depreciation, Depletion And Amortization $10.00K $2.598K $6.574K
YoY Change -60.48% 40.5%
Cash From Operating Activities $210.0K -$172.4K -$191.9K
YoY Change -191.3% -10.15% -25.66%
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 -100.0K $120.5K $301.0K
YoY Change -171.43% -59.99% -999.37%
NET CHANGE
Cash From Operating Activities 210.0K -$172.4K -$191.9K
Cash From Investing Activities 0.000 -$30.57K
Cash From Financing Activities -100.0K $120.5K $301.0K
Net Change In Cash 110.0K -$51.98K $78.56K
YoY Change -222.22% -166.16% -126.94%
FREE CASH FLOW
Cash From Operating Activities $210.0K -$172.4K -$191.9K
Capital Expenditures $0.00 $30.57K
Free Cash Flow $210.0K -$172.4K -$222.5K
YoY Change -191.3% -22.49% -13.81%

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10869 USD
CY2015Q2 us-gaap Depreciation
Depreciation
2598 USD
CY2014Q2 us-gaap Depreciation
Depreciation
5465 USD
CY2015Q2 us-gaap Interest Payable Current
InterestPayableCurrent
110597 USD
CY2015Q1 us-gaap Interest Payable Current
InterestPayableCurrent
68963 USD
CY2015Q2 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
2711 USD
CY2015Q1 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
634 USD
CY2015Q2 us-gaap Accounts Payable Interest Bearing Current
AccountsPayableInterestBearingCurrent
52789 USD
CY2015Q1 us-gaap Accounts Payable Interest Bearing Current
AccountsPayableInterestBearingCurrent
31685 USD
CY2015Q2 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
USD
CY2015Q1 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
1654 USD
CY2015Q2 pcsv Convertible Note Related Parties Classified Current
ConvertibleNoteRelatedPartiesClassifiedCurrent
185694 USD
CY2015Q1 pcsv Convertible Note Related Parties Classified Current
ConvertibleNoteRelatedPartiesClassifiedCurrent
175937 USD
CY2015Q2 pcsv Convertible Long Term Notes Payable Unamortized Discount Current
ConvertibleLongTermNotesPayableUnamortizedDiscountCurrent
0 USD
CY2015Q1 pcsv Convertible Long Term Notes Payable Unamortized Discount Current
ConvertibleLongTermNotesPayableUnamortizedDiscountCurrent
38184 USD
CY2015Q2 us-gaap Notes Payable
NotesPayable
2139746 USD
CY2015Q1 us-gaap Notes Payable
NotesPayable
1972537 USD
CY2015Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
29856655 shares
CY2015Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
16253547 shares
CY2015Q2 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
9722210 shares
CY2015Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
4255898 shares
CY2013Q3 us-gaap Notes Receivable Net
NotesReceivableNet
50740 USD
CY2015Q2 us-gaap Notes Receivable Gross
NotesReceivableGross
49513 USD
CY2015Q2 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
47998 USD
CY2015Q1 us-gaap Area Of Real Estate Property
AreaOfRealEstateProperty
3609
CY2015Q1 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
4511 USD
CY2015Q2 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
14185 USD
CY2014Q2 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
21196 USD
CY2015Q1 pcsv Operating Lease Term
OperatingLeaseTerm
P12M
CY2015Q2 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
200000 shares
CY2015Q2 us-gaap Other Employee Related Liabilities Current
OtherEmployeeRelatedLiabilitiesCurrent
31000 USD
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
29856655 shares
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
16144450 shares
CY2015 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
9722210 shares
CY2015Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
3989995 shares
CY2015Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
3634995 shares
CY2015Q1 pcsv Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNonvestedNumber
355000 shares
CY2015Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
3980898 shares
CY2015Q2 pcsv Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNonvestedNumber
275000 shares
CY2015Q2 dei Amendment Flag
AmendmentFlag
false
CY2015Q2 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--03-31
CY2015Q2 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2015Q2 dei Entity Filer Category
EntityFilerCategory
Smaller Reporting Company
CY2015Q2 dei Entity Registrant Name
EntityRegistrantName
PCS EDVENTURES COM INC
CY2015Q2 dei Entity Central Index Key
EntityCentralIndexKey
0001122020
CY2015Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
75078096 shares
CY2015Q2 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2016
CY2015Q2 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2015Q2 dei Document Type
DocumentType
10-Q

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0001580957-15-000069.txt Edgar Link pending
0001580957-15-000069-xbrl.zip Edgar Link pending
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Financial_Report.xlsx Edgar Link pending
pcs081110q.htm Edgar Link pending
pcs0811ex31_1.htm Edgar Link pending
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