2014 Form 10-K Financial Statement

#000114420414060984 Filed on October 14, 2014

View on sec.gov

Income Statement

Concept 2014 2013 Q2 2013
Revenue $0.00 $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $750.0K $180.0K $1.350M
YoY Change -44.44% -92.91% -88.34%
% of Gross Profit
Research & Development $8.168K $10.00K $12.34K
YoY Change -33.83% 23.44%
% of Gross Profit
Depreciation & Amortization $538.00 $0.00 $4.062K
YoY Change -86.76% -99.96%
% of Gross Profit
Operating Expenses $761.2K $190.0K $1.362M
YoY Change -44.11% -92.52% -88.25%
Operating Profit -$761.2K -$1.362M
YoY Change -44.11%
Interest Expense $93.15K -$30.00K $5.465K
YoY Change 1604.43% 200.0% -127.33%
% of Operating Profit
Other Income/Expense, Net -$116.6K -$141.2K
YoY Change -17.41%
Pretax Income -$877.8K -$220.0K -$1.503M
YoY Change -41.6% -91.41% -87.05%
Income Tax -$48.27K $0.00 -$60.46K
% Of Pretax Income
Net Earnings -$829.6K -$220.0K -$1.443M
YoY Change -42.5% -91.41% -87.38%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share -$1.433B -$397.5M -$2.492B
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2014 2013 Q2 2013
SHORT-TERM ASSETS
Cash & Short-Term Investments $90.00K $0.00 $0.00
YoY Change
Cash & Equivalents $0.00 $0.00
Short-Term Investments
Other Short-Term Assets $30.00K $0.00 $0.00
YoY Change -100.0% -100.0%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $110.0K $0.00 $0.00
YoY Change -100.0% -100.0%
LONG-TERM ASSETS
Property, Plant & Equipment $538.00 $0.00
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $0.00 $1.747K $0.00
YoY Change -82.53% -100.0%
TOTAL ASSETS
Total Short-Term Assets $110.0K $0.00 $0.00
Total Long-Term Assets $0.00 $1.747K $0.00
Total Assets $110.0K $1.747K $0.00
YoY Change -96.51% -100.0%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $350.0K $272.6K $270.0K
YoY Change 29.63% 43.47% 42.11%
Accrued Expenses $490.0K $300.0K $300.0K
YoY Change 63.33% 66.67% 66.67%
Deferred Revenue
YoY Change
Short-Term Debt $470.0K $160.0K $160.0K
YoY Change 193.75% 6.67% 6.67%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.520M $790.0K $790.0K
YoY Change 92.41% 36.21% 36.21%
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 $1.520M $790.0K $790.0K
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $1.520M $790.0K $790.0K
YoY Change 92.41% 36.21% 36.21%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $70.63K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$1.410M -$792.5K -$790.0K
YoY Change
Total Liabilities & Shareholders Equity $110.0K $1.747K $0.00
YoY Change -96.51% -100.0%

Cashflow Statement

Concept 2014 2013 Q2 2013
OPERATING ACTIVITIES
Net Income -$829.6K -$220.0K -$1.443M
YoY Change -42.5% -91.41% -87.38%
Depreciation, Depletion And Amortization $538.00 $0.00 $4.062K
YoY Change -86.76% -99.96%
Cash From Operating Activities $226.4K -$30.00K -$130.0K
YoY Change -274.19% -50.0% -23.53%
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 $0.00
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 310.0K 30.00K 130.0K
YoY Change 138.46% 50.0% -23.53%
NET CHANGE
Cash From Operating Activities $226.4K -30.00K -130.0K
Cash From Investing Activities $0.00 0.000 0.000
Cash From Financing Activities 310.0K 30.00K 130.0K
Net Change In Cash $226.4K 0.000 0.000
YoY Change -100.0%
FREE CASH FLOW
Cash From Operating Activities $226.4K -$30.00K -$130.0K
Capital Expenditures $0.00 $0.00 $0.00
Free Cash Flow $226.4K -$30.00K -$130.0K
YoY Change -274.19% -50.0% -23.53%

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CY2014 us-gaap Effective Income Tax Rate Continuing Operations
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CY2014Q2 us-gaap Deferred Tax Assets Gross Current
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CY2013Q2 us-gaap Deferred Tax Liabilities Gross Current
DeferredTaxLiabilitiesGrossCurrent
0 USD
CY2014Q2 us-gaap Deferred Tax Liabilities Gross Current
DeferredTaxLiabilitiesGrossCurrent
0 USD
CY2013 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
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CY2014 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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CY2013 ppch Stock Issued During Period Value Conversion Of Accrued Expenses
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CY2013 ppch Write Off Of Subscription Receivables
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325 USD
CY2013 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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48000 USD
CY2013 us-gaap Stock Repurchased And Retired During Period Value
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1 pure
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CY2014 us-gaap Gain Loss On Foreign Currency Fair Value Hedge Derivatives
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CY2013 ppch Conversion Of Loan Payable To Convertible Debenture
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CY2013Q3 ppch Warrants Expire Period
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P5Y
CY2013Q3 us-gaap Stock And Warrants Issued During Period Value Preferred Stock And Warrants
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3000000 USD
CY2013Q3 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
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0.0698
CY2013 ppch Prepaid Settlement Fee Paid Through Issuance Of Convertible Note
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0 USD
CY2014 ppch Prepaid Settlement Fee Paid Through Issuance Of Convertible Note
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25000 USD
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CY2014 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
260533 USD

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