2015 Q4 Form 10-Q Financial Statement

#000158095715000265 Filed on November 12, 2015

View on sec.gov

Income Statement

Concept 2015 Q4 2015 Q3 2015 Q1
Revenue $330.0K $524.8K $560.0K
YoY Change -57.82% -5.36% -20.81%
Cost Of Revenue $170.0K $237.0K $290.0K
YoY Change -37.64% -41.49% -17.14%
Gross Profit $160.0K $287.8K $270.0K
YoY Change -68.61% 92.62% -25.0%
Gross Profit Margin 48.48% 54.83% 48.21%
Selling, General & Admin $520.0K $550.0K $510.0K
YoY Change 6.12% -1.79% 6.25%
% of Gross Profit 325.0% 191.12% 188.89%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $0.00 $10.00K $10.00K
YoY Change -100.0% 0.0%
% of Gross Profit 0.0% 3.47% 3.7%
Operating Expenses $520.0K $556.8K $510.0K
YoY Change 4.28% -1.36% 4.08%
Operating Profit -$360.0K -$269.0K -$240.0K
YoY Change -3352.62% -35.19% 84.62%
Interest Expense -$50.00K $62.54K -$90.00K
YoY Change -195.02% -81.92% 28.57%
% of Operating Profit
Other Income/Expense, Net -$62.54K $10.00K
YoY Change -81.92%
Pretax Income -$410.0K -$330.0K -$320.0K
YoY Change 925.0% -56.58% 60.0%
Income Tax
% Of Pretax Income
Net Earnings -$410.0K -$331.5K -$320.0K
YoY Change 925.0% -56.43% 58.05%
Net Earnings / Revenue -124.24% -63.18% -57.14%
Basic Earnings Per Share $0.00
Diluted Earnings Per Share -$0.01 $0.00 -$0.01
COMMON SHARES
Basic Shares Outstanding 75.19M shares 75.08M shares 73.75M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2015 Q4 2015 Q3 2015 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $60.00K $190.0K $130.0K
YoY Change 200.0% 850.0% 333.33%
Cash & Equivalents $192.7K $130.2K
Short-Term Investments
Other Short-Term Assets $50.00K $80.00K $110.0K
YoY Change 0.0% -42.86% 57.14%
Inventory $260.0K $270.0K $250.0K
Prepaid Expenses $81.14K $112.7K
Receivables $150.0K $331.5K $358.0K
Other Receivables $30.00K $20.00K $3.236K
Total Short-Term Assets $540.0K $891.7K $855.3K
YoY Change -16.45% 52.33% 10.03%
LONG-TERM ASSETS
Property, Plant & Equipment $20.00K $20.66K $25.85K
YoY Change -39.34% -48.47% 32.84%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $10.00K $10.00K $20.00K
YoY Change -50.0% -50.0% 0.0%
Total Long-Term Assets $30.00K $28.75K $47.05K
YoY Change -45.17% -54.22% 13.37%
TOTAL ASSETS
Total Short-Term Assets $540.0K $891.7K $855.3K
Total Long-Term Assets $30.00K $28.75K $47.05K
Total Assets $570.0K $920.4K $902.3K
YoY Change -18.69% 42.01% 10.2%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $380.0K $370.0K $310.0K
YoY Change -9.52% -9.76% -34.04%
Accrued Expenses $250.0K $195.9K $102.9K
YoY Change 89.5% 72.4% -17.49%
Deferred Revenue
YoY Change
Short-Term Debt $1.670M $1.664M $1.565M
YoY Change 45.22% 213.95% 100.7%
Long-Term Debt Due $150.0K $132.6K
YoY Change
Total Short-Term Liabilities $2.460M $2.410M $2.169M
YoY Change 38.89% 104.53% 46.04%
LONG-TERM LIABILITIES
Long-Term Debt $80.00K $108.7K $407.1K
YoY Change -77.78% -88.18% -25.98%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $80.00K $108.7K $407.1K
YoY Change -77.57% -88.18% -26.49%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.460M $2.410M $2.169M
Total Long-Term Liabilities $80.00K $108.7K $407.1K
Total Liabilities $2.550M $2.518M $2.576M
YoY Change 19.84% 20.03% 26.34%
SHAREHOLDERS EQUITY
Retained Earnings -$39.82M -$39.62M
YoY Change 1.43% 3.79%
Common Stock $38.12M $37.92M
YoY Change 1.15% 2.72%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$1.980M -$1.598M -$1.673M
YoY Change
Total Liabilities & Shareholders Equity $570.0K $920.4K $902.3K
YoY Change -18.69% 42.01% 10.2%

Cashflow Statement

Concept 2015 Q4 2015 Q3 2015 Q1
OPERATING ACTIVITIES
Net Income -$410.0K -$331.5K -$320.0K
YoY Change 925.0% -56.43% 58.05%
Depreciation, Depletion And Amortization $0.00 $10.00K $10.00K
YoY Change -100.0% 0.0%
Cash From Operating Activities -$130.0K $210.0K -$390.0K
YoY Change 44.44% -191.3% -33.9%
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 0.000 -100.0K 500.0K
YoY Change -100.0% -171.43% -19.35%
NET CHANGE
Cash From Operating Activities -130.0K 210.0K -390.0K
Cash From Investing Activities 0.000 0.000 0.000
Cash From Financing Activities 0.000 -100.0K 500.0K
Net Change In Cash -130.0K 110.0K 110.0K
YoY Change -1400.0% -222.22% 266.67%
FREE CASH FLOW
Cash From Operating Activities -$130.0K $210.0K -$390.0K
Capital Expenditures $0.00 $0.00 $0.00
Free Cash Flow -$130.0K $210.0K -$390.0K
YoY Change 44.44% -191.3% -33.9%

Facts In Submission

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