2013 Q2 Form 10-Q Financial Statement

#000107997313000318 Filed on May 07, 2013

View on sec.gov

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%

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Files In Submission

Name View Source Status
0001079973-13-000318-index-headers.html Edgar Link pending
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