2012 Q4 Form 10-Q Financial Statement

#000107997312000865 Filed on November 07, 2012

View on sec.gov

Income Statement

Concept 2012 Q4 2012 Q3 2011 Q3
Revenue $2.000K $6.000K $22.00K
YoY Change -95.56% -72.73% -72.5%
Cost Of Revenue $0.00 $382.00
YoY Change -99.75%
Gross Profit $1.000K $6.000K $22.00K
YoY Change -97.73% -72.73% -131.43%
Gross Profit Margin 50.0% 100.0% 100.0%
Selling, General & Admin $1.240M $1.346M $1.406M
YoY Change 2.48% -4.24% -27.15%
% of Gross Profit 124000.0% 22439.85% 6390.81%
Research & Development $1.220M $1.066M $1.645M
YoY Change -5.43% -35.2% 58.17%
% of Gross Profit 122000.0% 17766.12% 7477.25%
Depreciation & Amortization $100.0K $91.00K $98.00K
YoY Change -16.67% -7.14% -18.33%
% of Gross Profit 10000.0% 1516.67% 445.45%
Operating Expenses $2.440M $2.412M $3.051M
YoY Change -2.01% -20.93% 3.07%
Operating Profit -$2.439M -$2.402M -$3.011M
YoY Change -0.29% -20.24% -0.62%
Interest Expense -$50.00K
YoY Change 150.0%
% of Operating Profit
Other Income/Expense, Net -$70.00K -$58.46K -$52.24K
YoY Change 11.9%
Pretax Income -$2.500M -$2.460M -$3.060M
YoY Change 60.26% -19.61% 0.33%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$2.504M -$2.460M -$3.064M
YoY Change 60.82% -19.71% 0.46%
Net Earnings / Revenue -125200.0% -41000.0% -13927.27%
Basic Earnings Per Share
Diluted Earnings Per Share -$2.294M -$2.563M -$18.00M
COMMON SHARES
Basic Shares Outstanding 7.716M 7.716M
Diluted Shares Outstanding

Balance Sheet

Concept 2012 Q4 2012 Q3 2011 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $12.10M $10.20M $4.800M
YoY Change 202.5% 112.5% -66.2%
Cash & Equivalents $10.98M $9.837M $2.401M
Short-Term Investments $1.200M $400.0K $2.400M
Other Short-Term Assets $400.0K $500.0K $500.0K
YoY Change 33.33% 0.0% 400.0%
Inventory $0.00
Prepaid Expenses
Receivables $0.00 $3.238K $0.00
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $12.53M $10.69M $5.300M
YoY Change 189.94% 101.78% -63.45%
LONG-TERM ASSETS
Property, Plant & Equipment $2.485M $2.560M $2.900M
YoY Change -11.11% -11.72% -9.38%
Goodwill $387.2K $387.2K
YoY Change 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.602M $1.569M $0.00
YoY Change -0.61%
Total Long-Term Assets $4.086M $4.129M $4.700M
YoY Change -7.27% -12.14% -4.08%
TOTAL ASSETS
Total Short-Term Assets $12.53M $10.69M $5.300M
Total Long-Term Assets $4.086M $4.129M $4.700M
Total Assets $16.61M $14.82M $10.00M
YoY Change 90.37% 48.24% -48.45%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $613.9K $642.0K $1.500M
YoY Change 5.54% -57.2% 50.0%
Accrued Expenses $642.1K $658.9K $1.300M
YoY Change 74.28% -49.32% 116.67%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $2.300M $2.600M $400.0K
YoY Change 109.09% 550.0% 300.0%
Total Short-Term Liabilities $4.079M $4.298M $3.300M
YoY Change 96.87% 30.25% 32.0%
LONG-TERM LIABILITIES
Long-Term Debt $800.0K $800.0K $2.500M
YoY Change -71.43% -68.0% -3.85%
Other Long-Term Liabilities $1.100M $1.000M $600.0K
YoY Change 66.67% -14.29%
Total Long-Term Liabilities $1.900M $1.800M $3.100M
YoY Change -32.14% -41.94% -6.06%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.079M $4.298M $3.300M
Total Long-Term Liabilities $1.900M $1.800M $3.100M
Total Liabilities $5.924M $6.061M $6.400M
YoY Change 20.85% -5.29% 12.28%
SHAREHOLDERS EQUITY
Retained Earnings -$74.23M -$71.73M
YoY Change 14.17%
Common Stock $84.92M $80.49M
YoY Change 23.35%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $10.69M $8.762M $3.600M
YoY Change
Total Liabilities & Shareholders Equity $16.61M $14.82M $10.00M
YoY Change 90.37% 48.24% -48.45%

Cashflow Statement

Concept 2012 Q4 2012 Q3 2011 Q3
OPERATING ACTIVITIES
Net Income -$2.504M -$2.460M -$3.064M
YoY Change 60.82% -19.71% 0.46%
Depreciation, Depletion And Amortization $100.0K $91.00K $98.00K
YoY Change -16.67% -7.14% -18.33%
Cash From Operating Activities -$1.890M -$540.0K -$2.060M
YoY Change -1.56% -73.79% -2.83%
INVESTING ACTIVITIES
Capital Expenditures -$60.00K -$50.00K -$50.00K
YoY Change 0.0% 0.0% 0.0%
Acquisitions
YoY Change
Other Investing Activities -$770.0K -$180.0K -$1.440M
YoY Change -155.4% -87.5% 3.6%
Cash From Investing Activities -$830.0K -$230.0K -$1.490M
YoY Change -162.41% -84.56% 2.76%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 3.850M -350.0K -150.0K
YoY Change 234.78% 133.33% 400.0%
NET CHANGE
Cash From Operating Activities -1.890M -540.0K -2.060M
Cash From Investing Activities -830.0K -230.0K -1.490M
Cash From Financing Activities 3.850M -350.0K -150.0K
Net Change In Cash 1.130M -1.120M -3.700M
YoY Change 101.79% -69.73% 2.78%
FREE CASH FLOW
Cash From Operating Activities -$1.890M -$540.0K -$2.060M
Capital Expenditures -$60.00K -$50.00K -$50.00K
Free Cash Flow -$1.830M -$490.0K -$2.010M
YoY Change -1.61% -75.62% -2.9%

Facts In Submission

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us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
10938512 USD
us-gaap Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
1333165 USD
us-gaap Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
1212733 USD
CY2012Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
5563154 USD
CY2011Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
5521130 USD
CY2012Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2560243 USD
CY2011Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2795149 USD
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
374021 USD
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
979905 USD
CY2012Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
1065967 USD
CY2011Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
1644995 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
4373325 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
2623195 USD
CY2012Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-71729035 USD
us-gaap Royalty Expense
RoyaltyExpense
20000 USD
CY2012Q3 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
6240 USD
CY2011Q3 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
22381 USD
us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
175019 USD
us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
40756 USD
CY2011Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-65020918 USD
CY2012Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
1346391 USD
CY2011Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
1405979 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
4369708 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
3944780 USD
CY2012Q3 us-gaap Short Term Investments
ShortTermInvestments
389166 USD
CY2011Q4 us-gaap Short Term Investments
ShortTermInvestments
1003124 USD
CY2012Q3 us-gaap Stockholders Equity
StockholdersEquity
8762408 USD
CY2011Q4 us-gaap Stockholders Equity
StockholdersEquity
3825878 USD
CY2011Q3 us-gaap Stockholders Equity Note Changes In Capital Structure Subsequent Changes To Number Of Common Shares
StockholdersEquityNoteChangesInCapitalStructureSubsequentChangesToNumberOfCommonShares
1340649
us-gaap Stockholders Equity Note Changes In Capital Structure Subsequent Changes To Number Of Common Shares
StockholdersEquityNoteChangesInCapitalStructureSubsequentChangesToNumberOfCommonShares
1340649

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