2013 Q2 Form 10-Q Financial Statement
#000107997313000318 Filed on May 07, 2013
Income Statement
Concept | 2013 Q2 | 2013 Q1 | 2012 Q1 |
---|---|---|---|
Revenue | $7.000K | ||
YoY Change | -92.78% | ||
Cost Of Revenue | $184.00 | ||
YoY Change | -98.16% | ||
Gross Profit | $7.000K | ||
YoY Change | -91.76% | ||
Gross Profit Margin | 100.0% | ||
Selling, General & Admin | $1.354M | $1.428M | $1.205M |
YoY Change | -2.83% | 18.53% | -24.71% |
% of Gross Profit | 17209.64% | ||
Research & Development | $1.801M | $1.412M | $676.6K |
YoY Change | 104.46% | 108.68% | -46.72% |
% of Gross Profit | 9665.97% | ||
Depreciation & Amortization | $64.00K | $86.81K | $112.3K |
YoY Change | -31.18% | -22.72% | -13.6% |
% of Gross Profit | 1604.64% | ||
Operating Expenses | $3.155M | $2.840M | $1.881M |
YoY Change | 38.72% | 50.96% | -34.22% |
Operating Profit | -$3.134M | -$2.821M | -$1.874M |
YoY Change | 39.45% | 50.53% | -32.46% |
Interest Expense | $30.75K | $44.06K | |
YoY Change | |||
% of Operating Profit | |||
Other Income/Expense, Net | -$11.02K | $19.10K | -$64.07K |
YoY Change | -82.42% | -129.82% | |
Pretax Income | -$3.140M | -$2.800M | -$1.940M |
YoY Change | 35.93% | 44.33% | -30.96% |
Income Tax | $0.00 | $0.00 | $0.00 |
% Of Pretax Income | |||
Net Earnings | -$3.145M | -$2.802M | -$1.938M |
YoY Change | 36.15% | 44.58% | -30.93% |
Net Earnings / Revenue | -27685.71% | ||
Basic Earnings Per Share | |||
Diluted Earnings Per Share | -$1.707M | -$2.258M | -$9.700M |
COMMON SHARES | |||
Basic Shares Outstanding | 9.954M shares | 9.954M | |
Diluted Shares Outstanding |
Balance Sheet
Concept | 2013 Q2 | 2013 Q1 | 2012 Q1 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $20.00M | $9.300M | $1.900M |
YoY Change | 78.57% | 389.47% | -79.79% |
Cash & Equivalents | $9.737M | $2.492M | $1.316M |
Short-Term Investments | $10.30M | $6.800M | $600.0K |
Other Short-Term Assets | $100.0K | $300.0K | $200.0K |
YoY Change | 0.0% | 50.0% | -33.33% |
Inventory | |||
Prepaid Expenses | |||
Receivables | $0.00 | ||
Other Receivables | $0.00 | ||
Total Short-Term Assets | $20.11M | $9.554M | $2.100M |
YoY Change | 77.51% | 354.97% | -78.57% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $2.377M | $2.429M | $2.700M |
YoY Change | -8.9% | -10.04% | -12.9% |
Goodwill | $387.2K | $387.2K | |
YoY Change | 0.0% | ||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $1.610M | $1.611M | $0.00 |
YoY Change | 1.78% | ||
Total Long-Term Assets | $3.987M | $4.040M | $4.300M |
YoY Change | -4.87% | -6.05% | -10.42% |
TOTAL ASSETS | |||
Total Short-Term Assets | $20.11M | $9.554M | $2.100M |
Total Long-Term Assets | $3.987M | $4.040M | $4.300M |
Total Assets | $24.10M | $13.59M | $6.400M |
YoY Change | 55.27% | 112.41% | -56.16% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $874.9K | $704.8K | $500.0K |
YoY Change | 100.76% | 40.96% | -64.29% |
Accrued Expenses | $884.1K | $452.7K | $200.0K |
YoY Change | 141.14% | 126.37% | -81.82% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | $100.0K | $1.900M | $1.000M |
YoY Change | -88.89% | 90.0% | 400.0% |
Total Short-Term Liabilities | $2.034M | $3.220M | $1.700M |
YoY Change | 2.86% | 89.39% | -37.04% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $2.200M | $700.0K | $2.600M |
YoY Change | -8.33% | -73.08% | 4.0% |
Other Long-Term Liabilities | $1.200M | $1.300M | |
YoY Change | 500.0% | ||
Total Long-Term Liabilities | $3.400M | $2.000M | $2.600M |
YoY Change | 30.77% | -23.08% | -16.13% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $2.034M | $3.220M | $1.700M |
Total Long-Term Liabilities | $3.400M | $2.000M | $2.600M |
Total Liabilities | $5.492M | $5.221M | $4.300M |
YoY Change | 20.58% | 21.42% | -25.86% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$80.18M | -$77.04M | |
YoY Change | 15.75% | ||
Common Stock | $98.79M | $85.41M | |
YoY Change | 23.12% | ||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $18.61M | $8.373M | $2.100M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $24.10M | $13.59M | $6.400M |
YoY Change | 55.27% | 112.41% | -56.16% |
Cashflow Statement
Concept | 2013 Q2 | 2013 Q1 | 2012 Q1 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$3.145M | -$2.802M | -$1.938M |
YoY Change | 36.15% | 44.58% | -30.93% |
Depreciation, Depletion And Amortization | $64.00K | $86.81K | $112.3K |
YoY Change | -31.18% | -22.72% | -13.6% |
Cash From Operating Activities | -$1.890M | -$2.472M | -$1.735M |
YoY Change | 42.11% | 42.5% | -19.32% |
INVESTING ACTIVITIES | |||
Capital Expenditures | -$30.00K | $10.84K | |
YoY Change | 0.0% | ||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | -$3.480M | -$5.610M | $440.0K |
YoY Change | -1094.29% | -1375.0% | -73.96% |
Cash From Investing Activities | -$3.520M | -$5.653M | $418.2K |
YoY Change | -1200.0% | -1451.6% | -72.84% |
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 | 12.64M | -$361.3K | -$335.3K |
YoY Change | 18.69% | 7.74% | 123.54% |
NET CHANGE | |||
Cash From Operating Activities | -1.890M | -$2.472M | -$1.735M |
Cash From Investing Activities | -3.520M | -$5.653M | $418.2K |
Cash From Financing Activities | 12.64M | -$361.3K | -$335.3K |
Net Change In Cash | 7.230M | -$8.486M | -$1.652M |
YoY Change | -25.0% | 413.8% | 117.32% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$1.890M | -$2.472M | -$1.735M |
Capital Expenditures | -$30.00K | $10.84K | |
Free Cash Flow | -$1.860M | -$2.483M | -$1.735M |
YoY Change | 43.08% | 43.13% | -13.27% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
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Additional Milestone Maximum Payments
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|
2000000 | USD |
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Cumulative Realized Loss On Marketable Securities Maximum
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|
5000 | USD |
CY2013Q1 | appy |
Deferred Revenue Net
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|
1339714 | USD |
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License Agreement Maximum Milestone Payments
LicenseAgreementMaximumMilestonePayments
|
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License And Milestone Payments Revenue
LicenseAndMilestonePaymentsRevenue
|
1716000 | USD |
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License Fees Quarterly
LicenseFeesQuarterly
|
204000 | USD |
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Marketable Securities Management Fees
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|
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Marketable Securities Management Fees
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|
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Maximum Percentage Of Any Individual Short Term Marketable Securities In Investment Portfolio
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|
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2530 | USD |
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6 | pure |
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false | |
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Current Fiscal Year End Date
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Q1 | |
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2013 | |
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2013-03-31 | |
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10-Q | |
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CY2013Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-361265 | USD |
CY2012Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-335303 | USD |
CY2013Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-5653024 | USD |
CY2012Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
418247 | USD |
CY2013Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-2471847 | USD |
CY2012Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-1734586 | USD |
CY2012Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
2484539 | USD |
CY2013Q1 | us-gaap |
Repayments Of Notes Payable
RepaymentsOfNotesPayable
|
361265 | USD |
CY2012Q1 | us-gaap |
Repayments Of Notes Payable
RepaymentsOfNotesPayable
|
335303 | USD |
CY2013Q1 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
1411973 | USD |
CY2012Q1 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
676618 | USD |
CY2013Q1 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-77035302 | USD |
CY2012Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-74233133 | USD |
CY2013Q1 | us-gaap |
Royalty Expense
RoyaltyExpense
|
20000 | USD |
CY2013Q1 | us-gaap |
Sales Revenue Goods Net
SalesRevenueGoodsNet
|
USD | |
CY2012Q1 | us-gaap |
Sales Revenue Goods Net
SalesRevenueGoodsNet
|
7275 | USD |
CY2013Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-2802169 | USD |
CY2012Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-1938271 | USD |
CY2013Q1 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
19104 | USD |
CY2012Q1 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-64069 | USD |
CY2013Q1 | us-gaap |
Notes Payable
NotesPayable
|
2692159 | USD |
CY2012Q4 | us-gaap |
Notes Payable
NotesPayable
|
3053424 | USD |
CY2013Q1 | us-gaap |
Notes Payable Current
NotesPayableCurrent
|
1945383 | USD |
CY2012Q4 | us-gaap |
Notes Payable Current
NotesPayableCurrent
|
2290292 | USD |
CY2013Q1 | us-gaap |
Operating Expenses
OperatingExpenses
|
2839928 | USD |
CY2012Q1 | us-gaap |
Operating Expenses
OperatingExpenses
|
1881293 | USD |
CY2013Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-2821273 | USD |
CY2012Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-1874202 | USD |
CY2013Q1 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
1610964 | USD |
CY2012Q4 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
1601894 | USD |
CY2013Q1 | us-gaap |
Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
|
29284 | USD |
CY2012Q1 | us-gaap |
Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
|
23099 | USD |
CY2013Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
10844 | USD |
CY2012Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
USD | |
CY2013Q1 | us-gaap |
Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
|
5612896 | USD |
CY2012Q1 | us-gaap |
Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
|
USD | |
CY2013Q1 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
286761 | USD |
CY2012Q4 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
387480 | USD |
CY2013Q1 | us-gaap |
Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
|
USD | |
CY2012Q1 | us-gaap |
Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
|
441346 | USD |
CY2013Q1 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
5573742 | USD |
CY2012Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
5562898 | USD |
CY2013Q1 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
2428789 | USD |
CY2013Q1 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
1427955 | USD |
CY2012Q1 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
1204675 | USD |
CY2013Q1 | us-gaap |
Short Term Investments
ShortTermInvestments
|
6775800 | USD |
CY2012Q4 | us-gaap |
Short Term Investments
ShortTermInvestments
|
1162904 | USD |
CY2013Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
8373053 | USD |
CY2012Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
10691000 | USD |
CY2012Q1 | us-gaap |
Stockholders Equity Note Changes In Capital Structure Subsequent Changes To Number Of Common Shares
StockholdersEquityNoteChangesInCapitalStructureSubsequentChangesToNumberOfCommonShares
|
1608146 | shares |
CY2013Q1 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
9954380 | shares |
CY2012Q1 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
1608146 | shares |