$RIOT
Riot Platforms, Inc.

2014 Q3 Form 10-Q Financial Statement

#000107997314000421 Filed on August 11, 2014

View on sec.gov

Income Statement

Concept 2014 Q3 2014 Q2 2013 Q2
Revenue $36.00K
YoY Change -35.71%
Cost Of Revenue $12.39K
YoY Change -41.63%
Gross Profit $24.00K
YoY Change -31.43%
Gross Profit Margin 66.67%
Selling, General & Admin $1.473M $1.675M $1.354M
YoY Change 11.36% 23.66% -2.83%
% of Gross Profit 6138.75%
Research & Development $1.119M $950.1K $1.801M
YoY Change -38.04% -47.23% 104.46%
% of Gross Profit 4663.81%
Depreciation & Amortization $47.00K $51.00K $64.00K
YoY Change -68.67% -20.31% -31.18%
% of Gross Profit 195.83%
Operating Expenses $2.593M $2.625M $3.155M
YoY Change -17.15% -16.8% 38.72%
Operating Profit -$2.545M -$2.601M -$3.134M
YoY Change -17.19% -17.01% 39.45%
Interest Expense $27.19K $25.77K $30.75K
YoY Change -14.76% -16.19%
% of Operating Profit
Other Income/Expense, Net $11.16K $9.173K -$11.02K
YoY Change 1464.52% -183.27% -82.42%
Pretax Income -$2.530M -$2.590M -$3.140M
YoY Change -17.59% -17.52% 35.93%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$2.533M -$2.592M -$3.145M
YoY Change -17.55% -17.6% 36.15%
Net Earnings / Revenue -7036.11%
Basic Earnings Per Share
Diluted Earnings Per Share -$653.7K -$672.7K -$1.707M
COMMON SHARES
Basic Shares Outstanding 30.99M shares 30.97M shares 9.954M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2014 Q3 2014 Q2 2013 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $26.70M $29.10M $20.00M
YoY Change 54.34% 45.5% 78.57%
Cash & Equivalents $4.371M $3.753M $9.737M
Short-Term Investments $22.30M $25.30M $10.30M
Other Short-Term Assets $500.0K $300.0K $100.0K
YoY Change 0.0% 200.0% 0.0%
Inventory
Prepaid Expenses
Receivables $12.00K $36.00K
Other Receivables
Total Short-Term Assets $27.25M $29.37M $20.11M
YoY Change 52.7% 46.01% 77.51%
LONG-TERM ASSETS
Property, Plant & Equipment $2.132M $2.167M $2.377M
YoY Change -8.08% -8.84% -8.9%
Goodwill $387.2K $387.2K $387.2K
YoY Change 0.0% 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.667M $1.674M $1.610M
YoY Change 3.18% 4.01% 1.78%
Total Long-Term Assets $3.799M $3.841M $3.987M
YoY Change -3.45% -3.65% -4.87%
TOTAL ASSETS
Total Short-Term Assets $27.25M $29.37M $20.11M
Total Long-Term Assets $3.799M $3.841M $3.987M
Total Assets $31.05M $33.21M $24.10M
YoY Change 42.55% 37.8% 55.27%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $521.4K $499.9K $874.9K
YoY Change -40.09% -42.86% 100.76%
Accrued Expenses $463.4K $543.9K $884.1K
YoY Change -52.34% -38.48% 141.14%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $400.0K $200.0K $100.0K
YoY Change 0.0% 100.0% -88.89%
Total Short-Term Liabilities $1.788M $1.567M $2.034M
YoY Change -25.51% -23.0% 2.86%
LONG-TERM LIABILITIES
Long-Term Debt $2.000M $2.100M $2.200M
YoY Change -9.09% -4.55% -8.33%
Other Long-Term Liabilities $1.300M $1.300M $1.200M
YoY Change 0.0% 8.33% 500.0%
Total Long-Term Liabilities $3.300M $3.400M $3.400M
YoY Change -5.71% 0.0% 30.77%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.788M $1.567M $2.034M
Total Long-Term Liabilities $3.300M $3.400M $3.400M
Total Liabilities $5.108M $4.948M $5.492M
YoY Change -13.62% -9.9% 20.58%
SHAREHOLDERS EQUITY
Retained Earnings -$94.45M -$91.92M -$80.18M
YoY Change 13.46% 14.64% 15.75%
Common Stock $98.79M
YoY Change 23.12%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $25.94M $28.26M $18.61M
YoY Change
Total Liabilities & Shareholders Equity $31.05M $33.21M $24.10M
YoY Change 42.55% 37.8% 55.27%

Cashflow Statement

Concept 2014 Q3 2014 Q2 2013 Q2
OPERATING ACTIVITIES
Net Income -$2.533M -$2.592M -$3.145M
YoY Change -17.55% -17.6% 36.15%
Depreciation, Depletion And Amortization $47.00K $51.00K $64.00K
YoY Change -68.67% -20.31% -31.18%
Cash From Operating Activities -$2.290M -$2.120M -$1.890M
YoY Change -10.89% 12.17% 42.11%
INVESTING ACTIVITIES
Capital Expenditures -$20.00K -$70.00K -$30.00K
YoY Change -33.33% 133.33% 0.0%
Acquisitions
YoY Change
Other Investing Activities $3.040M -$16.48M -$3.480M
YoY Change -213.43% 373.56% -1094.29%
Cash From Investing Activities $3.010M -$16.54M -$3.520M
YoY Change -211.48% 369.89% -1200.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -100.0K 18.44M 12.64M
YoY Change 0.0% 45.89% 18.69%
NET CHANGE
Cash From Operating Activities -2.290M -2.120M -1.890M
Cash From Investing Activities 3.010M -16.54M -3.520M
Cash From Financing Activities -100.0K 18.44M 12.64M
Net Change In Cash 620.0K -220.0K 7.230M
YoY Change -111.55% -103.04% -25.0%
FREE CASH FLOW
Cash From Operating Activities -$2.290M -$2.120M -$1.890M
Capital Expenditures -$20.00K -$70.00K -$30.00K
Free Cash Flow -$2.270M -$2.050M -$1.860M
YoY Change -10.63% 10.22% 43.08%

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us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
41000 USD
CY2013Q2 us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill
3000 USD
CY2014Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
463147 USD
CY2013Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
422261 USD
CY2014Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
1287215 USD
CY2013Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
1214797 USD
CY2014Q2 us-gaap Goodwill
Goodwill
387239 USD
CY2013Q4 us-gaap Goodwill
Goodwill
387239 USD
CY2013Q4 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
10124 USD
CY2014Q2 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
USD
CY2014Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
81000 USD
CY2014Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
81000 USD
CY2014Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
81000 USD
CY2014Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
81000 USD
CY2014Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
81000 USD
CY2014Q2 us-gaap Secured Debt
SecuredDebt
2224446 USD
CY2013Q4 us-gaap Secured Debt
SecuredDebt
2296919 USD
CY2013Q4 us-gaap Other Short Term Borrowings
OtherShortTermBorrowings
173460 USD
CY2014Q2 us-gaap Notes Payable
NotesPayable
2224446 USD
CY2013Q4 us-gaap Notes Payable
NotesPayable
2470379 USD
CY2013Q4 us-gaap Notes Payable Current
NotesPayableCurrent
319771 USD
CY2013Q4 us-gaap Long Term Notes Payable
LongTermNotesPayable
2150608 USD
CY2014Q2 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
74000 USD
CY2014Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
153000 USD
CY2014Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
159000 USD
CY2014Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
166000 USD
CY2014Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
1268000 USD
CY2014Q2 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
404000 USD
CY2014Q2 us-gaap Other Short Term Borrowings
OtherShortTermBorrowings
USD
us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
8335000 shares
CY2014Q2 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
2.40
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
20000000 USD
us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
1543000 USD
appy Placement Fee Percentage
PlacementFeePercentage
0.065 pure
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
39079 shares
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
82000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
14000 USD
CY2013 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
11500000 shares
CY2013Q4 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
1.25
CY2013 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
14400000 USD
CY2013 us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
1405000 USD
CY2013 appy Placement Fee Percentage
PlacementFeePercentage
0.07 pure
CY2013Q4 us-gaap Class Of Warrant Or Right Number Of Securities Called By Each Warrant Or Right
ClassOfWarrantOrRightNumberOfSecuritiesCalledByEachWarrantOrRight
0.35 shares
CY2013Q4 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
4025000 shares
CY2013Q4 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
1.36
CY2013 appy Underwriter Addtional Shares Percentage
UnderwriterAddtionalSharesPercentage
0.15 pure
us-gaap Stock Issued During Period Shares Conversion Of Convertible Securities
StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities
1161570 shares
CY2014Q2 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
1.36
us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
1580000 USD
CY2014Q2 appy License And Milestone Payments Revenue
LicenseAndMilestonePaymentsRevenue
1920000 USD
CY2014Q2 us-gaap Deferred Costs Current And Noncurrent
DeferredCostsCurrentAndNoncurrent
363700 USD
CY2014Q2 appy Deferred Revenue Gross
DeferredRevenueGross
1556300 USD
us-gaap Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
P197M
CY2014Q2 us-gaap Other Commitment Due In Next Twelve Months
OtherCommitmentDueInNextTwelveMonths
20000 USD
CY2014Q2 appy License Agreement Maximum Milestone Payments
LicenseAgreementMaximumMilestonePayments
1100000 USD
CY2014Q2 appy Additional Milestone Maximum Payments
AdditionalMilestoneMaximumPayments
2000000 USD
CY2014Q2 appy Deferred Revenue Accumulated Recognition
DeferredRevenueAccumulatedRecognition
152540 USD
CY2014Q2 us-gaap Deferred Revenue
DeferredRevenue
1403760 USD
dei Entity Registrant Name
EntityRegistrantName
Venaxis, Inc.
dei Entity Central Index Key
EntityCentralIndexKey
0001167419
dei Document Type
DocumentType
10-Q
dei Document Period End Date
DocumentPeriodEndDate
2014-06-30
dei Amendment Flag
AmendmentFlag
false

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appy-20140630.xml Edgar Link completed
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