2017 Q2 Form 10-Q Financial Statement

#000104396117000009 Filed on May 18, 2017

View on sec.gov

Income Statement

Concept 2017 Q2 2017 Q1 2016 Q1
Revenue $316.0K $658.0K $236.0K
YoY Change -48.62% 178.81% -68.53%
Cost Of Revenue $284.0K $459.0K $505.0K
YoY Change 17.84% -9.11% 8.6%
Gross Profit -$24.00K $199.0K -$269.0K
YoY Change -109.13% -173.98% -194.39%
Gross Profit Margin -7.59% 30.24% -113.98%
Selling, General & Admin $1.620M $1.704M
YoY Change -4.93% -5.54%
% of Gross Profit 814.07%
Research & Development $134.0K $270.0K
YoY Change -50.37% -40.13%
% of Gross Profit 67.34%
Depreciation & Amortization $100.0K $48.00K $83.00K
YoY Change 0.0% -42.17% 102.44%
% of Gross Profit 24.12%
Operating Expenses $777.0K $1.754M $1.974M
YoY Change 41.79% -11.14% -12.46%
Operating Profit -$801.0K -$1.555M -$2.243M
YoY Change 181.05% -30.67% 13.86%
Interest Expense -$220.0K -$160.0K -$80.00K
YoY Change 37.5% 100.0% -76.47%
% of Operating Profit
Other Income/Expense, Net $0.00 $0.00 $0.00
YoY Change -100.0%
Pretax Income -$3.680M -$1.835M -$2.091M
YoY Change 728.83% -12.24% -9.79%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$3.680M -$1.762M -$3.264M
YoY Change 728.83% -46.02% 7.33%
Net Earnings / Revenue -1164.56% -267.78% -1383.05%
Basic Earnings Per Share
Diluted Earnings Per Share -$92.00M -$19.00M -$10.33M
COMMON SHARES
Basic Shares Outstanding 26.86M shares 26.87M shares 20.70M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2017 Q2 2017 Q1 2016 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $970.0K $60.00K $220.0K
YoY Change 130.95% -72.73% -95.91%
Cash & Equivalents $967.0K $59.00K $222.0K
Short-Term Investments
Other Short-Term Assets $154.0K $190.0K $503.0K
YoY Change -52.62% -62.23% -66.99%
Inventory $108.0K $15.00K $44.00K
Prepaid Expenses $100.0K $100.0K $200.0K
Receivables $569.0K $279.0K $170.0K
Other Receivables $100.0K $100.0K $100.0K
Total Short-Term Assets $1.798M $567.0K $2.121M
YoY Change -0.28% -73.27% -88.37%
LONG-TERM ASSETS
Property, Plant & Equipment $262.0K $127.0K $237.0K
YoY Change 28.43% -46.41% -81.7%
Goodwill $13.83M
YoY Change
Intangibles $21.10M $531.0K $1.146M
YoY Change 1950.53% -53.66% -85.41%
Long-Term Investments
YoY Change
Other Assets $18.00K $4.000K $88.00K
YoY Change -68.97% -95.45% -54.17%
Total Long-Term Assets $35.21M $662.0K $1.471M
YoY Change 2627.5% -55.0% -90.95%
TOTAL ASSETS
Total Short-Term Assets $1.798M $567.0K $2.121M
Total Long-Term Assets $35.21M $662.0K $1.471M
Total Assets $37.01M $1.229M $3.592M
YoY Change 1096.19% -65.79% -89.59%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $10.33M $8.509M $5.010M
YoY Change 83.77% 69.84% 0.04%
Accrued Expenses $3.521M $3.398M $3.339M
YoY Change 23.67% 1.77% 41.01%
Deferred Revenue
YoY Change
Short-Term Debt $170.0K $0.00 $0.00
YoY Change
Long-Term Debt Due $513.0K $7.368M $7.346M
YoY Change -93.43% 0.3% 1304.59%
Total Short-Term Liabilities $16.31M $21.13M $17.28M
YoY Change -7.93% 22.27% 56.15%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0%
Other Long-Term Liabilities $171.0K $128.0K $255.0K
YoY Change -23.32% -49.8% -85.03%
Total Long-Term Liabilities $171.0K $128.0K $255.0K
YoY Change -23.32% -49.8% -97.35%
TOTAL LIABILITIES
Total Short-Term Liabilities $16.31M $21.13M $17.28M
Total Long-Term Liabilities $171.0K $128.0K $255.0K
Total Liabilities $17.24M $21.87M $19.00M
YoY Change -11.06% 15.1% -22.27%
SHAREHOLDERS EQUITY
Retained Earnings -$15.29M -$227.3M -$216.7M
YoY Change -92.98% 4.89% 15.89%
Common Stock $64.00K $268.0K $207.0K
YoY Change -72.29% 29.47% 73.95%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $19.77M -$20.64M -$15.41M
YoY Change
Total Liabilities & Shareholders Equity $37.01M $1.229M $3.592M
YoY Change 1096.19% -65.79% -89.59%

Cashflow Statement

Concept 2017 Q2 2017 Q1 2016 Q1
OPERATING ACTIVITIES
Net Income -$3.680M -$1.762M -$3.264M
YoY Change 728.83% -46.02% 7.33%
Depreciation, Depletion And Amortization $100.0K $48.00K $83.00K
YoY Change 0.0% -42.17% 102.44%
Cash From Operating Activities -$850.0K -$50.00K -$1.924M
YoY Change -155.56% -97.4% -45.23%
INVESTING ACTIVITIES
Capital Expenditures $0.00 $19.00K
YoY Change -100.0% 90.0%
Acquisitions
YoY Change
Other Investing Activities $100.0K $0.00 $7.000K
YoY Change 900.0% -100.0% -170.0%
Cash From Investing Activities $100.0K $0.00 -$26.00K
YoY Change 233.33% -100.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change -100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.710M -$1.000K $1.728M
YoY Change -223.91% -100.06% -76.31%
NET CHANGE
Cash From Operating Activities -850.0K -$50.00K -$1.924M
Cash From Investing Activities 100.0K $0.00 -$26.00K
Cash From Financing Activities 1.710M -$1.000K $1.728M
Net Change In Cash 960.0K -$51.00K -$222.0K
YoY Change 433.33% -77.03% -105.87%
FREE CASH FLOW
Cash From Operating Activities -$850.0K -$50.00K -$1.924M
Capital Expenditures $0.00 $19.00K
Free Cash Flow -$50.00K -$1.943M
YoY Change -97.43% -44.85%

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214705 shares
CY2016Q4 us-gaap Preferred Stock Value
PreferredStockValue
2000 USD
CY2017Q1 us-gaap Preferred Stock Value
PreferredStockValue
2000 USD
CY2017Q1 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
100000 USD
CY2016Q1 us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
1779000 USD
CY2017Q1 us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
0 USD
CY2016Q1 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
500000 USD
CY2017Q1 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
0 USD
CY2016Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
144000 USD
CY2017Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
127000 USD
CY2016Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
21000 USD
CY2017Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
1000 USD
CY2016Q1 us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
1000 USD
CY2017Q1 us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
1000 USD
CY2016Q1 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
550000 USD
CY2017Q1 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
0 USD
CY2016Q1 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
270000 USD
CY2017Q1 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
134000 USD
CY2016Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-225493000 USD
CY2017Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-227255000 USD
CY2016Q1 us-gaap Sales Revenue Net
SalesRevenueNet
236000 USD
CY2017Q1 us-gaap Sales Revenue Net
SalesRevenueNet
658000 USD
CY2016Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
1704000 USD
CY2017Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
1620000 USD
CY2016Q1 us-gaap Share Based Compensation
ShareBasedCompensation
110000 USD
CY2017Q1 us-gaap Share Based Compensation
ShareBasedCompensation
-24000 USD
CY2017Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Outstanding Weighted Average Remaining Contractual Terms
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageRemainingContractualTerms
P1Y0M0D
CY2017Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Expiration Period
SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod
P10Y
CY2016Q2 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
89000 USD
CY2016Q4 us-gaap Stockholders Equity
StockholdersEquity
-19350000 USD
CY2017Q1 us-gaap Stockholders Equity
StockholdersEquity
-20643000 USD
CY2016Q4 us-gaap Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
582000 USD
CY2017Q1 us-gaap Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
615000 USD
CY2016Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
20323333 shares
CY2017Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
26779835 shares

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0001043961-17-000009.txt Edgar Link pending
0001043961-17-000009-xbrl.zip Edgar Link pending
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Financial_Report.xlsx Edgar Link pending
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tbio-20170331.xml Edgar Link completed
tbio-20170331.xsd Edgar Link pending
tbio-20170331x10q.htm Edgar Link pending
tbio-20170331_cal.xml Edgar Link unprocessable
tbio-20170331_def.xml Edgar Link unprocessable
tbio-20170331_lab.xml Edgar Link unprocessable
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tbio-ex311_20170331x10q.htm Edgar Link pending
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