2017 Q4 Form 10-Q Financial Statement

#000119312517336446 Filed on November 08, 2017

View on sec.gov

Income Statement

Concept 2017 Q4 2017 Q3 2016 Q4
Revenue $20.00K $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $800.0K $990.0K $1.030M
YoY Change -22.33% 32.0% 14.44%
% of Gross Profit
Research & Development $1.200M $1.490M $1.310M
YoY Change -8.4% 1.78% -23.84%
% of Gross Profit
Depreciation & Amortization $20.00K $20.00K $10.00K
YoY Change 100.0% 100.0% -50.0%
% of Gross Profit
Operating Expenses $2.010M $2.476M $2.340M
YoY Change -14.1% 11.73% -10.69%
Operating Profit -$2.476M
YoY Change 11.73%
Interest Expense $0.00 $0.00 $0.00
YoY Change -100.0% -100.0%
% of Operating Profit
Other Income/Expense, Net -$10.00K $0.00 $0.00
YoY Change -100.0%
Pretax Income -$2.000M -$2.480M -$2.340M
YoY Change -14.53% 12.22% -10.69%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$2.000M -$2.476M -$2.340M
YoY Change -14.53% 11.93% -10.69%
Net Earnings / Revenue -10000.0%
Basic Earnings Per Share
Diluted Earnings Per Share -$50.00M -$62.00M -$234.0M
COMMON SHARES
Basic Shares Outstanding 23.70M shares 23.25M shares 6.600M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2017 Q4 2017 Q3 2016 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.580M $5.420M $12.91M
YoY Change -72.27% 23.74% 21.56%
Cash & Equivalents $3.581M $5.416M $12.91M
Short-Term Investments
Other Short-Term Assets $250.0K $320.0K $200.0K
YoY Change 25.0% -13.51% -44.44%
Inventory
Prepaid Expenses $271.0K $150.0K
Receivables
Other Receivables
Total Short-Term Assets $3.832M $5.737M $13.11M
YoY Change -70.76% 20.78% 19.38%
LONG-TERM ASSETS
Property, Plant & Equipment $248.0K $269.0K $114.0K
YoY Change 117.54% 116.94% -30.06%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $18.00K $27.00K $27.00K
YoY Change -33.33% 0.0% 50.0%
Total Long-Term Assets $266.0K $296.0K $291.0K
YoY Change -8.59% 96.03% 60.77%
TOTAL ASSETS
Total Short-Term Assets $3.832M $5.737M $13.11M
Total Long-Term Assets $266.0K $296.0K $291.0K
Total Assets $4.098M $6.033M $13.40M
YoY Change -69.41% 23.1% 20.06%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $511.0K $702.0K $917.0K
YoY Change -44.27% 53.61% -21.15%
Accrued Expenses $1.754M $1.901M $1.625M
YoY Change 7.94% 35.01% 46.93%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $2.265M $2.603M $2.542M
YoY Change -10.9% 39.57% 12.03%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $2.265M $2.603M $2.542M
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $2.270M $2.600M $2.540M
YoY Change -10.63% 39.04% 11.89%
SHAREHOLDERS EQUITY
Retained Earnings -$78.55M -$76.55M -$66.10M
YoY Change 18.84% 20.06% 15.75%
Common Stock $0.00 $2.000K $0.00
YoY Change 100.0% -100.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.833M $3.430M $10.86M
YoY Change
Total Liabilities & Shareholders Equity $4.098M $6.033M $13.40M
YoY Change -69.41% 23.1% 20.06%

Cashflow Statement

Concept 2017 Q4 2017 Q3 2016 Q4
OPERATING ACTIVITIES
Net Income -$2.000M -$2.476M -$2.340M
YoY Change -14.53% 11.93% -10.69%
Depreciation, Depletion And Amortization $20.00K $20.00K $10.00K
YoY Change 100.0% 100.0% -50.0%
Cash From Operating Activities -$2.200M -$2.190M -$1.370M
YoY Change 60.58% 36.88% -13.29%
INVESTING ACTIVITIES
Capital Expenditures $0.00 -$10.00K $0.00
YoY Change -100.0%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00 $1.850M
YoY Change -100.0% -26.0%
Cash From Investing Activities $0.00 -$10.00K $1.850M
YoY Change -100.0% -25.4%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $10.05M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 360.0K -70.00K 10.05M
YoY Change -96.42% -146.67% 5189.47%
NET CHANGE
Cash From Operating Activities -2.200M -2.190M -1.370M
Cash From Investing Activities 0.000 -10.00K 1.850M
Cash From Financing Activities 360.0K -70.00K 10.05M
Net Change In Cash -1.840M -2.270M 10.53M
YoY Change -117.47% 56.55% 866.06%
FREE CASH FLOW
Cash From Operating Activities -$2.200M -$2.190M -$1.370M
Capital Expenditures $0.00 -$10.00K $0.00
Free Cash Flow -$2.200M -$2.180M -$1.370M
YoY Change 60.58% 36.25% -12.18%

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CY2016Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-2216000
CY2016Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
4000
CY2016Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
1464000
CY2016Q3 us-gaap Share Based Compensation
ShareBasedCompensation
128000
CY2016Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P10Y
CY2016Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.0000 pure
CY2016Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0146 pure
CY2016Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
2.27
CY2016Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
1.1688 pure
CY2016Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageVolatilityRate
1.1688 pure
CY2016Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
6576096 shares
CY2017Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.11
CY2017Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
986000
CY2017Q3 us-gaap Operating Expenses
OperatingExpenses
2476000
CY2017Q3 us-gaap Net Income Loss
NetIncomeLoss
-2476000
CY2017Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-2476000
CY2017Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
1490000
CY2017Q3 us-gaap Share Based Compensation
ShareBasedCompensation
43000
CY2017Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMaximum
0.9199 pure
CY2017Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.0000 pure
CY2017Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMinimum
0.8387 pure
CY2017Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
0.0194 pure
CY2017Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
0.49
CY2017Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageVolatilityRate
0.8793 pure
CY2017Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
0.0235 pure
CY2017Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
23511444 shares

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