$RIOT
Riot Platforms, Inc.

2014 Q4 Form 10-Q Financial Statement

#000107997314000566 Filed on November 10, 2014

View on sec.gov

Income Statement

Concept 2014 Q4 2014 Q3 2013 Q3
Revenue $79.00K $36.00K $56.00K
YoY Change -35.71% 833.33%
Cost Of Revenue $30.00K $12.39K $21.23K
YoY Change -41.63%
Gross Profit $51.00K $24.00K $35.00K
YoY Change -31.43% 483.33%
Gross Profit Margin 64.56% 66.67% 62.5%
Selling, General & Admin $1.520M $1.473M $1.323M
YoY Change 7.8% 11.36% -1.74%
% of Gross Profit 2980.39% 6138.75% 3779.93%
Research & Development $900.0K $1.119M $1.806M
YoY Change -45.45% -38.04% 69.46%
% of Gross Profit 1764.71% 4663.81% 5161.07%
Depreciation & Amortization $70.00K $47.00K $150.0K
YoY Change -12.5% -68.67% 64.84%
% of Gross Profit 137.25% 195.83% 428.57%
Operating Expenses $2.390M $2.593M $3.129M
YoY Change -21.64% -17.15% 29.72%
Operating Profit -$2.339M -$2.545M -$3.073M
YoY Change -23.31% -17.19% 27.95%
Interest Expense -$20.00K $27.19K $31.90K
YoY Change -80.0% -14.76%
% of Operating Profit
Other Income/Expense, Net $0.00 $11.16K $713.00
YoY Change -100.0% 1464.52% -101.22%
Pretax Income -$2.370M -$2.530M -$3.070M
YoY Change -24.28% -17.59% 24.8%
Income Tax
% Of Pretax Income
Net Earnings -$2.370M -$2.533M -$3.072M
YoY Change -24.28% -17.55% 24.88%
Net Earnings / Revenue -3000.0% -7036.11% -5485.71%
Basic Earnings Per Share
Diluted Earnings Per Share -$610.8K -$653.7K -$1.146M
COMMON SHARES
Basic Shares Outstanding 30.99M shares 30.99M shares 21.45M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2014 Q4 2014 Q3 2013 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $24.50M $26.70M $17.30M
YoY Change 71.33% 54.34% 69.61%
Cash & Equivalents $3.540M $4.371M $4.355M
Short-Term Investments $21.00M $22.30M $12.90M
Other Short-Term Assets $400.0K $500.0K $500.0K
YoY Change -20.0% 0.0% 0.0%
Inventory
Prepaid Expenses
Receivables $17.00K $12.00K $56.07K
Other Receivables $0.00
Total Short-Term Assets $24.90M $27.25M $17.85M
YoY Change 68.66% 52.7% 66.88%
LONG-TERM ASSETS
Property, Plant & Equipment $2.104M $2.132M $2.319M
YoY Change -7.19% -8.08% -9.42%
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 $1.724M $1.667M $1.616M
YoY Change 6.95% 3.18% 2.97%
Total Long-Term Assets $3.828M $3.799M $3.935M
YoY Change -1.32% -3.45% -4.71%
TOTAL ASSETS
Total Short-Term Assets $24.90M $27.25M $17.85M
Total Long-Term Assets $3.828M $3.799M $3.935M
Total Assets $28.72M $31.05M $21.78M
YoY Change 54.1% 42.55% 46.94%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $437.5K $521.4K $870.4K
YoY Change -43.94% -40.09% 35.56%
Accrued Expenses $325.4K $463.4K $972.2K
YoY Change -64.15% -52.34% 47.56%
Deferred Revenue
YoY Change
Short-Term Debt $160.4K $0.00 $0.00
YoY Change -7.54%
Long-Term Debt Due $300.0K $400.0K $400.0K
YoY Change 0.0% 0.0% -84.62%
Total Short-Term Liabilities $1.782M $1.788M $2.401M
YoY Change -20.77% -25.51% -44.14%
LONG-TERM LIABILITIES
Long-Term Debt $2.000M $2.000M $2.200M
YoY Change -9.09% -9.09% 175.0%
Other Long-Term Liabilities $1.300M $1.300M $1.300M
YoY Change 0.0% 0.0% 30.0%
Total Long-Term Liabilities $3.300M $3.300M $3.500M
YoY Change -5.71% -5.71% 94.44%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.782M $1.788M $2.401M
Total Long-Term Liabilities $3.300M $3.300M $3.500M
Total Liabilities $5.039M $5.108M $5.913M
YoY Change -11.45% -13.62% -2.45%
SHAREHOLDERS EQUITY
Retained Earnings -$96.82M -$94.45M -$83.25M
YoY Change 12.09% 13.46% 16.06%
Common Stock $99.12M
YoY Change 23.15%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $23.69M $25.94M $15.87M
YoY Change
Total Liabilities & Shareholders Equity $28.72M $31.05M $21.78M
YoY Change 54.1% 42.55% 46.94%

Cashflow Statement

Concept 2014 Q4 2014 Q3 2013 Q3
OPERATING ACTIVITIES
Net Income -$2.370M -$2.533M -$3.072M
YoY Change -24.28% -17.55% 24.88%
Depreciation, Depletion And Amortization $70.00K $47.00K $150.0K
YoY Change -12.5% -68.67% 64.84%
Cash From Operating Activities -$1.950M -$2.290M -$2.570M
YoY Change -30.36% -10.89% 375.93%
INVESTING ACTIVITIES
Capital Expenditures -$100.0K -$20.00K -$30.00K
YoY Change 100.0% -33.33% -40.0%
Acquisitions
YoY Change
Other Investing Activities $1.350M $3.040M -$2.680M
YoY Change -68.53% -213.43% 1388.89%
Cash From Investing Activities $1.250M $3.010M -$2.700M
YoY Change -70.52% -211.48% 1073.91%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -140.0K -100.0K -100.0K
YoY Change 0.0% 0.0% -71.43%
NET CHANGE
Cash From Operating Activities -1.950M -2.290M -2.570M
Cash From Investing Activities 1.250M 3.010M -2.700M
Cash From Financing Activities -140.0K -100.0K -100.0K
Net Change In Cash -840.0K 620.0K -5.370M
YoY Change -164.62% -111.55% 379.46%
FREE CASH FLOW
Cash From Operating Activities -$1.950M -$2.290M -$2.570M
Capital Expenditures -$100.0K -$20.00K -$30.00K
Free Cash Flow -$1.850M -$2.270M -$2.540M
YoY Change -32.73% -10.63% 418.37%

Facts In Submission

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CY2014Q3 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
0 USD
CY2014Q3 us-gaap Investments And Cash
InvestmentsAndCash
26716000 USD
CY2014Q3 appy Working Capital
WorkingCapital
25464000 USD
CY2013Q2 appy Placement Fee Percentage
PlacementFeePercentage
0.07 pure
CY2013Q2 us-gaap Class Of Warrant Or Right Number Of Securities Called By Each Warrant Or Right
ClassOfWarrantOrRightNumberOfSecuritiesCalledByEachWarrantOrRight
0.35 shares
CY2013Q2 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
4025000 shares
CY2013Q2 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
1.36
CY2013Q2 appy Underwriter Addtional Shares Percentage
UnderwriterAddtionalSharesPercentage
0.15 pure
CY2014Q2 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
8335000 shares
CY2014Q2 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
2.40
CY2014Q2 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
20000000 USD
CY2013Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-3072803 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
-8048972 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
-9027679 USD
CY2014Q3 us-gaap Interest Expense
InterestExpense
27188 USD
CY2013Q3 us-gaap Interest Expense
InterestExpense
31897 USD
us-gaap Interest Expense
InterestExpense
89746 USD
us-gaap Interest Expense
InterestExpense
106703 USD
CY2014Q3 us-gaap Investment Income Net
InvestmentIncomeNet
4343 USD
CY2013Q3 us-gaap Investment Income Net
InvestmentIncomeNet
7138 USD
us-gaap Investment Income Net
InvestmentIncomeNet
32169 USD
us-gaap Investment Income Net
InvestmentIncomeNet
39379 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
76125 USD
CY2014Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
11155 USD
CY2013Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
713 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-23577 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
8801 USD
CY2014Q3 us-gaap Net Income Loss
NetIncomeLoss
-2533381 USD
CY2013Q3 us-gaap Net Income Loss
NetIncomeLoss
-3072090 USD
CY2014Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.08
CY2013Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.14
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.29
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.58
CY2014Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
30990029 shares
CY2013Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
21454380 shares
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
27838257 shares
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
15430570 shares
CY2014Q3 us-gaap Secured Debt
SecuredDebt
2187801 USD
CY2013Q4 us-gaap Secured Debt
SecuredDebt
2296919 USD
CY2013Q4 us-gaap Other Short Term Borrowings
OtherShortTermBorrowings
173460 USD
CY2014Q3 us-gaap Notes Payable
NotesPayable
2443408 USD
CY2013Q4 us-gaap Notes Payable
NotesPayable
2470379 USD
CY2014Q3 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
132000 USD
CY2014Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
313000 USD
CY2014Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
159000 USD
CY2014Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
166000 USD
CY2014Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
1268000 USD
CY2014Q3 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
405000 USD
us-gaap Gross Profit
GrossProfit
43726 USD
CY2014Q3 us-gaap Licenses Revenue
LicensesRevenue
24175 USD
CY2013Q3 us-gaap Licenses Revenue
LicensesRevenue
21708 USD
us-gaap Licenses Revenue
LicensesRevenue
71524 USD
CY2014Q3 us-gaap Other Short Term Borrowings
OtherShortTermBorrowings
255607 USD
us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
56068 USD
us-gaap Cost Of Goods Sold
CostOfGoodsSold
21230 USD
us-gaap Gross Profit
GrossProfit
34838 USD
CY2014Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
34000 USD
CY2013Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
25472 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
34000 USD
us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
88024 USD
CY2014Q3 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
36296 USD
CY2014Q3 us-gaap Cost Of Goods Sold
CostOfGoodsSold
12391 USD
CY2014Q3 us-gaap Gross Profit
GrossProfit
23905 USD
CY2013Q3 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
56068 USD
CY2013Q3 us-gaap Cost Of Goods Sold
CostOfGoodsSold
21230 USD
CY2013Q3 us-gaap Gross Profit
GrossProfit
34838 USD
us-gaap Cost Of Goods Sold
CostOfGoodsSold
44298 USD
us-gaap Licenses Revenue
LicensesRevenue
61612 USD
CY2014Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
1473301 USD
CY2013Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
1322976 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
5042462 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
4105261 USD
CY2014Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
1119315 USD
CY2013Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
1806373 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
3121760 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
5018868 USD
CY2014Q3 us-gaap Operating Expenses
OperatingExpenses
2592616 USD
CY2013Q3 us-gaap Operating Expenses
OperatingExpenses
3129349 USD
us-gaap Operating Expenses
OperatingExpenses
8164222 USD
us-gaap Operating Expenses
OperatingExpenses
9124129 USD
CY2014Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-2544536 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
2014-09-30
dei Amendment Flag
AmendmentFlag
false
CY2014Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
30990029 shares
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Entity Filer Category
EntityFilerCategory
Smaller Reporting Company
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3

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