2014 Q3 Form 10-Q Financial Statement

#000119312514399257 Filed on November 06, 2014

View on sec.gov

Income Statement

Concept 2014 Q3 2013 Q3
Revenue $0.00
YoY Change
Cost Of Revenue $0.00
YoY Change
Gross Profit $0.00
YoY Change
Gross Profit Margin
Selling, General & Admin $2.300M $2.190M
YoY Change 5.02% -4.78%
% of Gross Profit
Research & Development $1.358M $1.297M
YoY Change 4.74% 14.76%
% of Gross Profit
Depreciation & Amortization $170.0K $160.0K
YoY Change 6.25% 0.0%
% of Gross Profit
Operating Expenses $3.826M $1.297M
YoY Change 195.07% 14.76%
Operating Profit -$3.826M -$3.650M
YoY Change 4.81% 1.56%
Interest Expense $80.00K -$900.0K
YoY Change -108.89% -172.0%
% of Operating Profit
Other Income/Expense, Net $77.00K -$903.0K
YoY Change -108.53% -172.41%
Pretax Income -$3.750M -$4.550M
YoY Change -17.58% 93.62%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$3.749M -$4.553M
YoY Change -17.66% 93.99%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share -$20.94K -$34.58K
COMMON SHARES
Basic Shares Outstanding 180.3M shares 140.0M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2014 Q3 2013 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $17.77M $8.250M
YoY Change 115.39% 348.37%
Cash & Equivalents $17.77M $8.254M
Short-Term Investments
Other Short-Term Assets $50.00K
YoY Change 150.0%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $17.77M $8.299M
YoY Change 114.17% 346.18%
LONG-TERM ASSETS
Property, Plant & Equipment $95.56K $31.83K
YoY Change 200.21% 6.1%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $27.00K $27.00K
YoY Change 0.0% -10.0%
Total Long-Term Assets $3.874M $4.481M
YoY Change -13.55% -12.98%
TOTAL ASSETS
Total Short-Term Assets $17.77M $8.299M
Total Long-Term Assets $3.874M $4.481M
Total Assets $21.65M $12.78M
YoY Change 69.38% 82.32%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $480.0K $200.0K
YoY Change 140.0% -28.57%
Accrued Expenses $400.0K $340.0K
YoY Change 17.65% -79.64%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $881.1K $542.5K
YoY Change 62.42% -72.32%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $1.230M $3.510M
YoY Change -64.96% 115.34%
Total Long-Term Liabilities $1.230M $3.510M
YoY Change -64.96% 115.34%
TOTAL LIABILITIES
Total Short-Term Liabilities $881.1K $542.5K
Total Long-Term Liabilities $1.230M $3.510M
Total Liabilities $2.108M $4.057M
YoY Change -48.03% 13.01%
SHAREHOLDERS EQUITY
Retained Earnings -$157.1M -$129.5M
YoY Change 21.36%
Common Stock $180.3K $140.0K
YoY Change 28.81%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $19.54M $8.723M
YoY Change
Total Liabilities & Shareholders Equity $21.65M $12.78M
YoY Change 69.38% 82.32%

Cashflow Statement

Concept 2014 Q3 2013 Q3
OPERATING ACTIVITIES
Net Income -$3.749M -$4.553M
YoY Change -17.66% 93.99%
Depreciation, Depletion And Amortization $170.0K $160.0K
YoY Change 6.25% 0.0%
Cash From Operating Activities -$3.400M -$2.760M
YoY Change 23.19% 23.77%
INVESTING ACTIVITIES
Capital Expenditures -$70.00K -$10.00K
YoY Change 600.0%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$70.00K -$10.00K
YoY Change 600.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 3.120M 6.390M
YoY Change -51.17%
NET CHANGE
Cash From Operating Activities -3.400M -2.760M
Cash From Investing Activities -70.00K -10.00K
Cash From Financing Activities 3.120M 6.390M
Net Change In Cash -350.0K 3.620M
YoY Change -109.67% -262.33%
FREE CASH FLOW
Cash From Operating Activities -$3.400M -$2.760M
Capital Expenditures -$70.00K -$10.00K
Free Cash Flow -$3.330M -$2.750M
YoY Change 21.09% 23.32%

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ShareBasedGoodsAndNonemployeeServicesTransactionQuantityOfWarrantsForfeited
1051500 shares
CY2013Q2 pvct Gain Loss On Revaluation Of Warrants Liability
GainLossOnRevaluationOfWarrantsLiability
221149
CY2013Q2 pvct Share Based Goods And Nonemployee Services Transaction Quantity Of Warrants Issued
ShareBasedGoodsAndNonemployeeServicesTransactionQuantityOfWarrantsIssued
2605000 shares
CY2013Q2 pvct Consulting Costs Relates To Warrant Issued
ConsultingCostsRelatesToWarrantIssued
931655
CY2014Q2 us-gaap Stock Issued During Period Shares Issued For Cash
StockIssuedDuringPeriodSharesIssuedForCash
2000000 shares
CY2014Q2 us-gaap Share Based Goods And Nonemployee Services Transaction Quantity Of Securities Issued
ShareBasedGoodsAndNonemployeeServicesTransactionQuantityOfSecuritiesIssued
75000 shares
CY2014Q2 pvct Gross Proceeds From Sales Of Common Stock And Warrants
GrossProceedsFromSalesOfCommonStockAndWarrants
5000000
CY2014Q2 pvct Purchase Price Of Common Stock With Warrants
PurchasePriceOfCommonStockWithWarrants
2.50
CY2014Q2 pvct Share Based Goods And Nonemployee Services Transaction Quantity Of Warrants Forfeited
ShareBasedGoodsAndNonemployeeServicesTransactionQuantityOfWarrantsForfeited
315000 shares
CY2014Q2 pvct Gain Loss On Revaluation Of Warrants Liability
GainLossOnRevaluationOfWarrantsLiability
186262
CY2014Q2 pvct Warrants Exercised On Cashless Basis
WarrantsExercisedOnCashlessBasis
1594082 shares
CY2014Q2 pvct Aggregate Exercise Price Of Warrants Exercised
AggregateExercisePriceOfWarrantsExercised
372000
CY2014Q2 pvct Number Of Warrants Exercised During Period
NumberOfWarrantsExercisedDuringPeriod
372000 shares
CY2014Q2 pvct Stock Issued During Period Shares Warrants Exercised On Cashless Basis
StockIssuedDuringPeriodSharesWarrantsExercisedOnCashlessBasis
915467 shares
CY2014Q2 pvct Percentage Of Common Shares Issuable On Exercise Of Each Warrant
PercentageOfCommonSharesIssuableOnExerciseOfEachWarrant
1.00 pure
CY2014Q2 pvct Share Based Goods And Nonemployee Services Transaction Quantity Of Warrants Issued
ShareBasedGoodsAndNonemployeeServicesTransactionQuantityOfWarrantsIssued
202000 shares
CY2014Q2 pvct Consulting Costs Relates To Warrant Issued
ConsultingCostsRelatesToWarrantIssued
450002
CY2013Q3 us-gaap Share Based Goods And Nonemployee Services Transaction Quantity Of Securities Issued
ShareBasedGoodsAndNonemployeeServicesTransactionQuantityOfSecuritiesIssued
75000 shares
CY2013Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
131573656 shares
CY2013Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.03
CY2013Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-3650190
CY2013Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-4591385
CY2013Q3 us-gaap Net Income Loss
NetIncomeLoss
-4552695
CY2013Q3 us-gaap Investment Income Interest
InvestmentIncomeInterest
293
CY2013Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
142310
CY2013Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
1296654
CY2013Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
167780
CY2013Q3 us-gaap Dividends Preferred Stock
DividendsPreferredStock
38690
CY2013Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
2185756
CY2013Q3 pvct Share Based Goods And Nonemployee Services Transaction Quantity Of Warrants Forfeited
ShareBasedGoodsAndNonemployeeServicesTransactionQuantityOfWarrantsForfeited
136500 shares
CY2013Q3 pvct Gain Loss On Change In Fair Value Of Warrant Liability
GainLossOnChangeInFairValueOfWarrantLiability
-902798
CY2013Q3 pvct Gain Loss On Revaluation Of Warrants Liability
GainLossOnRevaluationOfWarrantsLiability
-337244
CY2013Q3 pvct Share Based Goods And Nonemployee Services Transaction Quantity Of Warrants Issued
ShareBasedGoodsAndNonemployeeServicesTransactionQuantityOfWarrantsIssued
442000 shares
CY2013Q3 pvct Consulting Costs Relates To Warrant Issued
ConsultingCostsRelatesToWarrantIssued
186223
CY2014Q3 us-gaap Stock Issued During Period Shares Issued For Cash
StockIssuedDuringPeriodSharesIssuedForCash
3586300 shares
CY2014Q3 us-gaap Share Based Goods And Nonemployee Services Transaction Quantity Of Securities Issued
ShareBasedGoodsAndNonemployeeServicesTransactionQuantityOfSecuritiesIssued
75000 shares
CY2014Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
179088989 shares
CY2014Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.02
CY2014Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-3825681
CY2014Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-3748547
CY2014Q3 us-gaap Net Income Loss
NetIncomeLoss
-3748547
CY2014Q3 us-gaap Investment Income Interest
InvestmentIncomeInterest
1410
CY2014Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
115645
CY2014Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
1358102
CY2014Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
167780
CY2014Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
2299799
CY2014Q3 pvct Purchase Price Of Common Stock With Warrants
PurchasePriceOfCommonStockWithWarrants
1.00
CY2014Q3 pvct Share Based Goods And Nonemployee Services Transaction Quantity Of Warrants Forfeited
ShareBasedGoodsAndNonemployeeServicesTransactionQuantityOfWarrantsForfeited
228500 shares
CY2014Q3 pvct Gain Loss On Change In Fair Value Of Warrant Liability
GainLossOnChangeInFairValueOfWarrantLiability
75724
CY2014Q3 pvct Gain Loss On Revaluation Of Warrants Liability
GainLossOnRevaluationOfWarrantsLiability
-16734
CY2014Q3 pvct Percentage Of Common Shares Issuable On Exercise Of Each Warrant
PercentageOfCommonSharesIssuableOnExerciseOfEachWarrant
0.50 pure
CY2014Q3 pvct Share Based Goods And Nonemployee Services Transaction Quantity Of Warrants Issued
ShareBasedGoodsAndNonemployeeServicesTransactionQuantityOfWarrantsIssued
6000 shares
CY2014Q3 pvct Consulting Costs Relates To Warrant Issued
ConsultingCostsRelatesToWarrantIssued
4189
CY2014Q3 pvct Aggregate Amount Of Common Stock
AggregateAmountOfCommonStock
3586300

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