2013 Q1 Form 10-K Financial Statement

#000114420413012065 Filed on February 28, 2013

View on sec.gov

Income Statement

Concept 2013 Q1 2012 2011 Q4
Revenue $3.568M $34.87M $690.0K
YoY Change -7.59% 315.81% -91.0%
Cost Of Revenue $971.0K $8.144M $400.0K
YoY Change -26.44% 434.03% -90.87%
Gross Profit $2.997M $26.28M $290.0K
YoY Change 24.46% 1721.21% -91.16%
Gross Profit Margin 84.0% 75.37% 42.03%
Selling, General & Admin $2.103M $9.763M $8.390M
YoY Change 29.02% 40.88% 7.15%
% of Gross Profit 70.17% 37.15% 2893.1%
Research & Development $7.754M $36.67M $760.0K
YoY Change -12.35% -3.05% -88.81%
% of Gross Profit 258.73% 139.52% 262.07%
Depreciation & Amortization $930.0K $3.692M $930.0K
YoY Change 0.0% 1.71% 4.49%
% of Gross Profit 31.03% 14.05% 320.69%
Operating Expenses $9.857M $46.43M $9.150M
YoY Change 11.42% 22.77% -24.57%
Operating Profit -$4.429M -$12.17M -$8.860M
YoY Change -26.97% -66.68% 0.11%
Interest Expense $110.0K $550.0K -$60.00K
YoY Change -31.25% -118.75%
% of Operating Profit
Other Income/Expense, Net $108.0K $554.0K
YoY Change 27600.0%
Pretax Income -$4.320M -$11.62M -$8.910M
YoY Change -26.78% -68.19% 4.45%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$4.321M -$11.62M -$8.910M
YoY Change -26.81% -68.2% 4.45%
Net Earnings / Revenue -121.1% -33.32% -1291.3%
Basic Earnings Per Share
Diluted Earnings Per Share -$0.47 -$1.28 -$1.04
COMMON SHARES
Basic Shares Outstanding 93.50M
Diluted Shares Outstanding

Balance Sheet

Concept 2013 Q1 2012 2011 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $41.90M $54.40M $27.00M
YoY Change -8.11% 92.23% -24.79%
Cash & Equivalents $41.87M $52.00M $27.00M
Short-Term Investments $2.400M
Other Short-Term Assets $3.600M $1.300M $3.800M
YoY Change -48.0%
Inventory $5.773M $4.000M $279.0K
Prepaid Expenses $235.0K
Receivables $1.698M $1.400M $1.374M
Other Receivables $3.553M $0.00 $3.837M
Total Short-Term Assets $52.89M $61.20M $32.49M
YoY Change 6.13% 88.31% -29.83%
LONG-TERM ASSETS
Property, Plant & Equipment $15.71M $16.30M $18.27M
YoY Change -10.29% -10.93% 4.41%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.300M $1.200M $1.000M
YoY Change 18.18% 20.0% 11.11%
Total Long-Term Assets $17.05M $17.50M $19.31M
YoY Change -8.48% -9.33% 4.97%
TOTAL ASSETS
Total Short-Term Assets $52.89M $61.20M $32.49M
Total Long-Term Assets $17.05M $17.50M $19.31M
Total Assets $69.94M $78.70M $51.81M
YoY Change 2.16% 51.93% -19.93%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.800M $9.600M $5.000M
YoY Change -17.39% 23.08% -20.63%
Accrued Expenses $3.800M $2.327M
YoY Change 11.76%
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 $24.41M $25.80M $18.69M
YoY Change 37.71% 37.97% -1.1%
LONG-TERM LIABILITIES
Long-Term Debt $2.700M $0.00 $6.566M
YoY Change
Other Long-Term Liabilities $51.80M $56.30M $6.566M
YoY Change 821.22% -4.9% -88.5%
Total Long-Term Liabilities $51.82M $56.30M $59.19M
YoY Change -9.41% -4.9% 3.66%
TOTAL LIABILITIES
Total Short-Term Liabilities $24.41M $25.80M $18.69M
Total Long-Term Liabilities $51.82M $56.30M $59.19M
Total Liabilities $76.23M $82.10M $77.88M
YoY Change 1.74% 5.39% 2.34%
SHAREHOLDERS EQUITY
Retained Earnings -$172.0M
YoY Change
Common Stock $145.9M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$6.283M -$3.400M -$26.08M
YoY Change
Total Liabilities & Shareholders Equity $69.94M $78.70M $51.81M
YoY Change 2.16% 51.93% -19.93%

Cashflow Statement

Concept 2013 Q1 2012 2011 Q4
OPERATING ACTIVITIES
Net Income -$4.321M -$11.62M -$8.910M
YoY Change -26.81% -68.2% 4.45%
Depreciation, Depletion And Amortization $930.0K $3.692M $930.0K
YoY Change 0.0% 1.71% 4.49%
Cash From Operating Activities -$9.586M $635.0K -$6.610M
YoY Change 52.62% -102.69% -17.68%
INVESTING ACTIVITIES
Capital Expenditures $642.0K $2.068M $710.0K
YoY Change -20.74% -63.75% -31.73%
Acquisitions
YoY Change
Other Investing Activities $47.00K $138.0K -$40.00K
YoY Change 11.9% -16.36% 0.0%
Cash From Investing Activities -$689.0K -$2.286M -$750.0K
YoY Change -19.13% -61.04% -29.91%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $26.56M 20.00K
YoY Change 26.91% -94.12%
NET CHANGE
Cash From Operating Activities -$9.586M $635.0K -6.610M
Cash From Investing Activities -$689.0K -$2.286M -750.0K
Cash From Financing Activities $26.56M 20.00K
Net Change In Cash -$10.28M $24.91M -7.340M
YoY Change -155.72% -392.64% -16.21%
FREE CASH FLOW
Cash From Operating Activities -$9.586M $635.0K -$6.610M
Capital Expenditures $642.0K $2.068M $710.0K
Free Cash Flow -$10.23M -$1.433M -$7.320M
YoY Change 44.24% -95.11% -19.29%

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<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div><!--StartFragment--> <table style="MARGIN-TOP: 0pt; FONT: bold 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td>Concentration of credit risks and trade receivable</td> </tr> </table> <p style="MARGIN: 0pt 0px 0pt 0.75in; FONT: 10pt Times New Roman, Times, Serif"> &nbsp;</p> <p style="MARGIN: 0pt 0px 0pt 0.75in; FONT: 10pt Times New Roman, Times, Serif"> Financial instruments that potentially subject the Company to concentration of credit risk consist principally of bank deposits. The Company deposits these instruments with highly rated financial institutions, mainly in Israeli banks, and, as a matter of policy, limits the amounts of credit exposure to any one financial institution. The Company has not experienced any credit losses in these accounts and does not believe it is exposed to any significant credit risk on these instruments.</p> <p style="MARGIN: 0pt 0px 0pt 0.75in; FONT: 10pt Times New Roman, Times, Serif"> &nbsp;</p> <p style="MARGIN: 0pt 0px 0pt 0.75in; FONT: 10pt Times New Roman, Times, Serif"> <font style="COLOR: black">The Company&#39;s trade</font> receivable <font style="COLOR: black">represents mainly amounts to be received from Pfizer, as the Company currently receives most of its revenues from Pfizer. The Company does not require Pfizer to post collateral with respect to the receivables. The Company performs periodic credit evaluations of Pfizer&#39;s financial condition and believes there is no significant risk with respect to Pfizer&#39;s payment of the receivables.</font></p> <p style="MARGIN: 0pt 0px 0pt 0.75in; FONT: 10pt Times New Roman, Times, Serif"> &nbsp;</p> <!--EndFragment--></div> </div>
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CY2011 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-8000 USD
CY2010 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
USD
CY2012 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
9763000 USD
CY2011 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
6931000 USD
CY2010 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
6876000 USD
CY2012 us-gaap Gross Profit
GrossProfit
26280000 USD
CY2011 us-gaap Gross Profit
GrossProfit
1443000 USD
CY2010 us-gaap Gross Profit
GrossProfit
6861000 USD
CY2012 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
2977000 USD
CY2011 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
6147000 USD
CY2010 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-1029000 USD
CY2012 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-243000 USD
CY2011 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-3891000 USD
CY2010 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
6860000 USD
CY2012 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
1281000 USD
CY2011 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-3005000 USD
CY2010 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-4563000 USD
CY2012 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
3760000 USD
CY2011 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-910000 USD
CY2010 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
1189000 USD
CY2012 us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
80000 USD
CY2012Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
1729000 USD
CY2011Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
USD
CY2012Q4 us-gaap Inventory Net
InventoryNet
4039000 USD
CY2011Q4 us-gaap Inventory Net
InventoryNet
279000 USD
CY2012Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
2118000 USD
CY2011Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
279000 USD
CY2012Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
192000 USD
CY2011Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
USD
CY2012 us-gaap Inventory Write Down
InventoryWriteDown
684000 USD
CY2011 us-gaap Inventory Write Down
InventoryWriteDown
363000 USD
CY2012Q4 us-gaap Liabilities
Liabilities
82084000 USD
CY2011Q4 us-gaap Liabilities
Liabilities
77882000 USD
CY2012Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
78727000 USD
CY2011Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
51805000 USD
CY2012Q4 us-gaap Liabilities Current
LiabilitiesCurrent
25755000 USD
CY2011Q4 us-gaap Liabilities Current
LiabilitiesCurrent
18693000 USD
CY2012Q4 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
56329000 USD
CY2011Q4 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
59189000 USD
CY2012Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
5425000 USD
CY2011Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
6566000 USD
CY2012 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
26558000 USD
CY2011 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
20927000 USD
CY2010 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
501000 USD
CY2012 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-2286000 USD
CY2011 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-5868000 USD
CY2010 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-7992000 USD
CY2012 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
635000 USD
CY2011 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-23570000 USD
CY2010 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-38464000 USD
CY2012 us-gaap Net Income Loss
NetIncomeLoss
-11618000 USD
CY2011 us-gaap Net Income Loss
NetIncomeLoss
-36529000 USD
CY2010 us-gaap Net Income Loss
NetIncomeLoss
-28998000 USD
CY2012 us-gaap Operating Income Loss
OperatingIncomeLoss
-12172000 USD
CY2011 us-gaap Operating Income Loss
OperatingIncomeLoss
-36531000 USD
CY2010 us-gaap Operating Income Loss
OperatingIncomeLoss
-29966000 USD
CY2012Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
72500000 USD
CY2012Q4 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
3686000 USD
CY2011Q4 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
3837000 USD
CY2012 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
138000 USD
CY2011 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
165000 USD
CY2010 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
137000 USD
CY2012Q1 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
1800000 USD
CY2011Q1 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
1400000 USD
CY2012 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2068000 USD
CY2011 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
5705000 USD
CY2010 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
7855000 USD
CY2012Q4 us-gaap Pension And Other Postretirement And Postemployment Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementAndPostemploymentBenefitPlansLiabilitiesNoncurrent
2016000 USD
CY2011Q4 us-gaap Pension And Other Postretirement And Postemployment Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementAndPostemploymentBenefitPlansLiabilitiesNoncurrent
1700000 USD
CY2012 us-gaap Pension And Other Postretirement Benefit Contributions
PensionAndOtherPostretirementBenefitContributions
36000 USD
CY2011 us-gaap Pension And Other Postretirement Benefit Contributions
PensionAndOtherPostretirementBenefitContributions
14000 USD
CY2010 us-gaap Pension And Other Postretirement Benefit Contributions
PensionAndOtherPostretirementBenefitContributions
26000 USD
CY2012 us-gaap Pension And Other Postretirement Benefit Expense
PensionAndOtherPostretirementBenefitExpense
276000 USD
CY2011 us-gaap Pension And Other Postretirement Benefit Expense
PensionAndOtherPostretirementBenefitExpense
155000 USD
CY2010 us-gaap Pension And Other Postretirement Benefit Expense
PensionAndOtherPostretirementBenefitExpense
377000 USD
CY2012Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
251000 USD
CY2011Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
235000 USD
CY2012 us-gaap Proceeds From Collaborators
ProceedsFromCollaborators
60000000 USD
CY2012Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
25400000 USD
CY2011Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
20600000 USD
CY2012 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
USD
CY2011 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
2000 USD
CY2010 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
USD
CY2012 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
1230000 USD
CY2011 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
277000 USD
CY2010 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
501000 USD
CY2012Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
31096000 USD
CY2011Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
29419000 USD
CY2012Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
16310000 USD
CY2011Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
18271000 USD
CY2012 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
36665000 USD
CY2011 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
37818000 USD
CY2010 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
37691000 USD
CY2012Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-183595000 USD
CY2011Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-171977000 USD
CY2012 us-gaap Revenues
Revenues
34870000 USD
CY2011 us-gaap Revenues
Revenues
8386000 USD
CY2010 us-gaap Revenues
Revenues
6642000 USD
CY2012Q1 us-gaap Sale Of Stock Price Per Share
SaleOfStockPricePerShare
5.25
CY2011Q1 us-gaap Sale Of Stock Price Per Share
SaleOfStockPricePerShare
5.5
CY2012Q4 us-gaap Stockholders Equity
StockholdersEquity
-3357000 USD
CY2011Q4 us-gaap Stockholders Equity
StockholdersEquity
-26077000 USD
CY2010Q4 us-gaap Stockholders Equity
StockholdersEquity
-11323000 USD
CY2009Q4 us-gaap Stockholders Equity
StockholdersEquity
15883000 USD
CY2012 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
25388000 USD
CY2011 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
20590000 USD
CY2012 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
1199000 USD
CY2012 us-gaap Severance Costs
SeveranceCosts
1000000 USD
CY2011 us-gaap Severance Costs
SeveranceCosts
816000 USD
CY2010 us-gaap Severance Costs
SeveranceCosts
1100000 USD
CY2012 us-gaap Share Based Compensation
ShareBasedCompensation
7751000 USD
CY2011 us-gaap Share Based Compensation
ShareBasedCompensation
886000 USD
CY2010 us-gaap Share Based Compensation
ShareBasedCompensation
1282000 USD
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
3208
CY2010 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
CY2010 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P8Y9M18D
CY2010 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.75
CY2010 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0323
CY2012Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
9741655
CY2012Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
11341655
CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
176986
CY2012Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
19700000 USD
CY2011 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
299000 USD
CY2010 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
510000 USD
CY2012 us-gaap Use Of Estimates
UseOfEstimates
<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div><!--StartFragment--> <table style="MARGIN-TOP: 0pt; FONT: bold 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td>Use of estimates in the preparation of financial statements</td> </tr> </table> <p style="MARGIN: 0pt 0px 0pt 0.75in; FONT: 10pt Times New Roman, Times, Serif"> &nbsp;</p> <p style="MARGIN: 0pt 0px 0pt 0.75in; FONT: 10pt Times New Roman, Times, Serif"> The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results may differ from those estimates.</p> <p style="MARGIN: 0pt 0px 0pt 0.75in; FONT: 10pt Times New Roman, Times, Serif"> &nbsp;</p> <!--EndFragment--></div> </div>
CY2012 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
90845901
CY2011 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
84645364
CY2010 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
80960300

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