2014 Q2 Form 10-Q Financial Statement

#000119312514307955 Filed on August 13, 2014

View on sec.gov

Income Statement

Concept 2014 Q2 2013 Q2
Revenue $1.940M $1.748M
YoY Change 10.98%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $90.00K $80.00K
YoY Change 12.5% -60.0%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $164.0K $175.0K
YoY Change -6.29%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$167.0K $418.0K
YoY Change -139.95%
Income Tax -$76.00K $148.0K
% Of Pretax Income 35.41%
Net Earnings -$91.00K $270.0K
YoY Change -133.7%
Net Earnings / Revenue -4.69% 15.45%
Basic Earnings Per Share -$0.05 $0.18
Diluted Earnings Per Share -$0.05 $0.18
COMMON SHARES
Basic Shares Outstanding 1.692M shares 1.497M shares
Diluted Shares Outstanding 1.692M shares 1.500M shares

Balance Sheet

Concept 2014 Q2 2013 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $22.99M $22.20M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $3.678M $3.400M
YoY Change 8.18%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $300.0K $300.0K
YoY Change 0.0%
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $206.3M $184.2M
YoY Change 11.99%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $2.700M $5.800M
YoY Change -53.45%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $2.700M $5.800M
YoY Change -53.45%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $1.500M $800.0K
YoY Change 87.5%
Total Long-Term Liabilities $1.500M $800.0K
YoY Change 87.5%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.700M $5.800M
Total Long-Term Liabilities $1.500M $800.0K
Total Liabilities $186.1M $168.4M
YoY Change 10.48%
SHAREHOLDERS EQUITY
Retained Earnings $1.897M
YoY Change
Common Stock $18.00K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $20.23M $15.86M
YoY Change
Total Liabilities & Shareholders Equity $206.3M $184.2M
YoY Change 11.99%

Cashflow Statement

Concept 2014 Q2 2013 Q2
OPERATING ACTIVITIES
Net Income -$91.00K $270.0K
YoY Change -133.7%
Depreciation, Depletion And Amortization $90.00K $80.00K
YoY Change 12.5% -60.0%
Cash From Operating Activities -$1.050M $770.0K
YoY Change -236.36% -13.48%
INVESTING ACTIVITIES
Capital Expenditures -$30.00K -$70.00K
YoY Change -57.14% -91.25%
Acquisitions
YoY Change
Other Investing Activities -$5.850M -$5.880M
YoY Change -0.51% -1188.89%
Cash From Investing Activities -$5.870M -$5.950M
YoY Change -1.34% 2188.46%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -7.740M 5.040M
YoY Change -253.57% 23.23%
NET CHANGE
Cash From Operating Activities -1.050M 770.0K
Cash From Investing Activities -5.870M -5.950M
Cash From Financing Activities -7.740M 5.040M
Net Change In Cash -14.66M -140.0K
YoY Change 10371.43% -102.97%
FREE CASH FLOW
Cash From Operating Activities -$1.050M $770.0K
Capital Expenditures -$30.00K -$70.00K
Free Cash Flow -$1.020M $840.0K
YoY Change -221.43% -50.3%

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CY2014Q2 us-gaap Occupancy Net
OccupancyNet
218000
CY2014Q2 us-gaap Financing Receivable Modifications Subsequent Default Recorded Investment1
FinancingReceivableModificationsSubsequentDefaultRecordedInvestment1
0
CY2014Q2 us-gaap Interest Expense Borrowings
InterestExpenseBorrowings
8000
CY2014Q2 us-gaap Other Noninterest Expense
OtherNoninterestExpense
347000
CY2014Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax
0
CY2014Q2 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
1652000
CY2014Q2 us-gaap Allowance For Loan And Lease Losses Writeoffs Net
AllowanceForLoanAndLeaseLossesWriteoffsNet
-8000
CY2014Q2 us-gaap Other Comprehensive Income Availableforsale Securities Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesTaxPortionAttributableToParent
147000

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