2018 Q4 Form 10-Q Financial Statement

#000114420418060833 Filed on November 19, 2018

View on sec.gov

Income Statement

Concept 2018 Q4 2018 Q3 2017 Q4
Revenue $690.0K $650.0K $950.0K
YoY Change -27.37% 140.74% 163.89%
Cost Of Revenue $650.0K $661.0K $620.0K
YoY Change 4.84% 90.49% 113.79%
Gross Profit $40.00K -$11.00K $330.0K
YoY Change -87.88% -85.71% 371.43%
Gross Profit Margin 5.8% -1.69% 34.74%
Selling, General & Admin $2.831M $2.510M
YoY Change 11.41% 39.44%
% of Gross Profit 760.61%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $300.0K $100.0K $340.0K
YoY Change -11.76% 0.0% 112.5%
% of Gross Profit 750.0% 103.03%
Operating Expenses $2.080M $4.106M $2.500M
YoY Change -16.8% 15.47% 16.28%
Operating Profit -$2.040M -$4.117M -$2.170M
YoY Change -5.99% 13.32% 4.33%
Interest Expense $1.360M $30.00K -$910.0K
YoY Change -249.45% -101.6% -605.56%
% of Operating Profit
Other Income/Expense, Net $268.0K $0.00
YoY Change -110.12%
Pretax Income -$6.850M -$3.849M -$9.980M
YoY Change -31.36% -38.71% 372.99%
Income Tax -$280.0K $0.00 -$1.040M
% Of Pretax Income
Net Earnings -$6.580M -$3.849M -$9.980M
YoY Change -34.07% -38.71% 597.9%
Net Earnings / Revenue -953.62% -592.15% -1050.53%
Basic Earnings Per Share
Diluted Earnings Per Share -$3.307M -$2.484M -$14.90M
COMMON SHARES
Basic Shares Outstanding 30.38M 10.03M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2018 Q4 2018 Q3 2017 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $380.0K $220.0K $420.0K
YoY Change -9.52% -42.11% 740.0%
Cash & Equivalents $380.0K $219.0K $421.0K
Short-Term Investments
Other Short-Term Assets $530.0K $414.0K $430.0K
YoY Change 23.26% 314.0% 3207.69%
Inventory $200.0K $175.0K $161.0K
Prepaid Expenses
Receivables $690.0K $658.0K $730.0K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.790M $1.466M $1.742M
YoY Change 2.76% 31.83% 215.58%
LONG-TERM ASSETS
Property, Plant & Equipment $500.0K $489.0K $353.0K
YoY Change 41.64% 91.76% 26.07%
Goodwill $3.116M $4.685M
YoY Change -75.69%
Intangibles $19.55M $20.46M
YoY Change -5.9%
Long-Term Investments
YoY Change
Other Assets $30.00K $25.00K $22.00K
YoY Change 36.36% 78.57% 120.0%
Total Long-Term Assets $19.82M $23.18M $25.52M
YoY Change -22.33% -31.54% 8699.31%
TOTAL ASSETS
Total Short-Term Assets $1.790M $1.466M $1.742M
Total Long-Term Assets $19.82M $23.18M $25.52M
Total Assets $21.61M $24.65M $27.26M
YoY Change -20.73% -29.53% 3137.53%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $5.170M $5.504M $5.103M
YoY Change 1.31% -45.15% 370.76%
Accrued Expenses $1.940M $1.816M $1.248M
YoY Change 55.45% -2.99% 78.29%
Deferred Revenue
YoY Change
Short-Term Debt $4.380M $260.0K $0.00
YoY Change -100.0%
Long-Term Debt Due $320.0K $653.0K $587.0K
YoY Change -45.49% 1454.76% 48.61%
Total Short-Term Liabilities $13.77M $10.29M $10.04M
YoY Change 37.21% -25.09% 233.2%
LONG-TERM LIABILITIES
Long-Term Debt $410.0K $1.036M $2.829M
YoY Change -85.51% -31.45%
Other Long-Term Liabilities $1.240M $67.00K $67.00K
YoY Change 1750.75% -27.17%
Total Long-Term Liabilities $1.650M $1.103M $2.896M
YoY Change -43.02% 1098.91% -29.83%
TOTAL LIABILITIES
Total Short-Term Liabilities $13.77M $10.29M $10.04M
Total Long-Term Liabilities $1.650M $1.103M $2.896M
Total Liabilities $15.48M $15.47M $14.24M
YoY Change 8.75% 6.17% 94.95%
SHAREHOLDERS EQUITY
Retained Earnings -$41.12M -$31.54M
YoY Change 90.67% 190.76%
Common Stock $23.00K $238.0K $102.0K
YoY Change -77.45% 153.19% 2450.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $6.120M $9.180M $13.03M
YoY Change
Total Liabilities & Shareholders Equity $21.61M $24.65M $27.26M
YoY Change -20.73% -29.53% 3137.53%

Cashflow Statement

Concept 2018 Q4 2018 Q3 2017 Q4
OPERATING ACTIVITIES
Net Income -$6.580M -$3.849M -$9.980M
YoY Change -34.07% -38.71% 597.9%
Depreciation, Depletion And Amortization $300.0K $100.0K $340.0K
YoY Change -11.76% 0.0% 112.5%
Cash From Operating Activities -$1.950M -$1.190M -$2.210M
YoY Change -11.76% -66.76% -24.05%
INVESTING ACTIVITIES
Capital Expenditures -$30.00K -$30.00K -$140.0K
YoY Change -78.57% 600.0%
Acquisitions
YoY Change
Other Investing Activities $0.00
YoY Change -100.0%
Cash From Investing Activities -$30.00K -$30.00K -$140.0K
YoY Change -78.57% -113.86%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 2.140M 1.360M 2.390M
YoY Change -10.46% -54.67% 38.15%
NET CHANGE
Cash From Operating Activities -1.950M -1.190M -2.210M
Cash From Investing Activities -30.00K -30.00K -140.0K
Cash From Financing Activities 2.140M 1.360M 2.390M
Net Change In Cash 160.0K 140.0K 40.00K
YoY Change 300.0% -124.14% -123.53%
FREE CASH FLOW
Cash From Operating Activities -$1.950M -$1.190M -$2.210M
Capital Expenditures -$30.00K -$30.00K -$140.0K
Free Cash Flow -$1.920M -$1.160M -$2.070M
YoY Change -7.25% -28.37%

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