2015 Q4 Form 10-Q Financial Statement

#000155335015001129 Filed on October 30, 2015

View on sec.gov

Income Statement

Concept 2015 Q4 2015 Q3 2015 Q1
Revenue $0.00 $0.00 $9.126K
YoY Change -100.0%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $1.210M $950.0K $1.310M
YoY Change 7.08% 14.46% 29.7%
% of Gross Profit
Research & Development $830.0K $677.2K $503.6K
YoY Change 88.64% -33.96% -5.64%
% of Gross Profit
Depreciation & Amortization $40.00K $30.44K $25.61K
YoY Change 33.33% 32.61% 1080.28%
% of Gross Profit
Operating Expenses $6.840M $5.343M $3.982M
YoY Change 84.86% 71.48% 66.28%
Operating Profit -$5.343M -$3.982M
YoY Change 71.48% 66.28%
Interest Expense -$90.00K $108.8K $50.39K
YoY Change 80.0% 1237.36%
% of Operating Profit
Other Income/Expense, Net $170.0K -$84.26K -$44.69K
YoY Change 750.0% 655.05% 59.12%
Pretax Income -$6.760M -$5.430M -$4.030M
YoY Change 81.23% 73.48% 66.53%
Income Tax
% Of Pretax Income
Net Earnings -$6.490M -$5.185M -$3.909M
YoY Change 79.78% 72.83% 67.73%
Net Earnings / Revenue -42835.83%
Basic Earnings Per Share
Diluted Earnings Per Share -$54.08 -$43.25 -$39.10
COMMON SHARES
Basic Shares Outstanding 8.415M shares 8.405M shares 8.394M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2015 Q4 2015 Q3 2015 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $11.60M $15.00M $21.10M
YoY Change -19.44% -2.6% 8.76%
Cash & Equivalents $4.900M $8.211M $10.27M
Short-Term Investments $6.700M $6.700M $10.80M
Other Short-Term Assets $900.0K $1.000M $1.100M
YoY Change 0.0% 66.67% 22.22%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $12.50M $15.94M $22.15M
YoY Change -18.18% -0.92% 8.94%
LONG-TERM ASSETS
Property, Plant & Equipment $400.0K $468.0K $428.2K
YoY Change -10.22% 0.79% 654.7%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $200.0K $254.3K $251.5K
YoY Change 3.03% 38.64% 2279.3%
Total Long-Term Assets $700.0K $722.3K $679.7K
YoY Change 9.43% 11.51% 909.87%
TOTAL ASSETS
Total Short-Term Assets $12.50M $15.94M $22.15M
Total Long-Term Assets $700.0K $722.3K $679.7K
Total Assets $13.20M $16.66M $22.83M
YoY Change -17.07% -0.44% 11.92%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.000M $936.4K $819.9K
YoY Change 46.26% 37.6% 116.69%
Accrued Expenses $1.800M $2.074M $724.5K
YoY Change 123.33% 364.89% 91.43%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $3.100M $2.100M $700.0K
YoY Change 675.0% 2000.0%
Total Short-Term Liabilities $7.000M $5.064M $2.248M
YoY Change 172.28% 303.0% 196.98%
LONG-TERM LIABILITIES
Long-Term Debt $3.600M $2.800M $2.000M
YoY Change 56.52% 154.55%
Other Long-Term Liabilities $100.0K $12.23K
YoY Change
Total Long-Term Liabilities $3.700M $12.23K $2.000M
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $7.000M $5.064M $2.248M
Total Long-Term Liabilities $3.700M $12.23K $2.000M
Total Liabilities $9.100M $7.908M $4.279M
YoY Change 86.29% 241.59% 465.37%
SHAREHOLDERS EQUITY
Retained Earnings -$37.94M
YoY Change
Common Stock $1.365K $1.361K
YoY Change 39.43% 39.59%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $4.100M $10.03M $19.40M
YoY Change
Total Liabilities & Shareholders Equity $13.20M $16.66M $22.83M
YoY Change -17.07% -0.44% 11.92%

Cashflow Statement

Concept 2015 Q4 2015 Q3 2015 Q1
OPERATING ACTIVITIES
Net Income -$6.490M -$5.185M -$3.909M
YoY Change 79.78% 72.83% 67.73%
Depreciation, Depletion And Amortization $40.00K $30.44K $25.61K
YoY Change 33.33% 32.61% 1080.28%
Cash From Operating Activities -$5.070M -$4.170M -$4.462M
YoY Change 104.44% 46.32% 86.63%
INVESTING ACTIVITIES
Capital Expenditures $10.00K $10.00K $8.280K
YoY Change 0.0% 60.62%
Acquisitions
YoY Change
Other Investing Activities $20.00K $1.120M -$110.0K
YoY Change -98.55% -186.82% -122.92%
Cash From Investing Activities $0.00 $1.130M -$114.2K
YoY Change -100.0% -187.6% -123.91%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $11.10M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.810M -140.0K $11.13M
YoY Change 17.53% -109.79% 30204.58%
NET CHANGE
Cash From Operating Activities -5.070M -4.170M -$4.462M
Cash From Investing Activities 0.000 1.130M -$114.2K
Cash From Financing Activities 1.810M -140.0K $11.13M
Net Change In Cash -3.260M -3.180M $6.553M
YoY Change -840.91% 17.34% -449.19%
FREE CASH FLOW
Cash From Operating Activities -$5.070M -$4.170M -$4.462M
Capital Expenditures $10.00K $10.00K $8.280K
Free Cash Flow -$5.080M -$4.180M -$4.471M
YoY Change 104.02% 46.67% 86.58%

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us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
8783623 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
106838 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
452444 USD
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
3746539 USD
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
4591706 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
11400870 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
37719 USD
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
302461 USD
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
USD
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
13195823 USD
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
1473002 USD
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-67905 USD
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
4496634 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-1285008 USD
CY2013Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
4566992 USD
CY2014Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
3281984 USD
us-gaap Interest Paid
InterestPaid
257339 USD
us-gaap Interest Paid
InterestPaid
8138 USD
us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
12228 USD
us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
USD
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
2242575 USD
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
1435283 USD
htbx Cashless Exercise Of Stock Warrants
CashlessExerciseOfStockWarrants
USD
htbx Cashless Exercise Of Stock Warrants
CashlessExerciseOfStockWarrants
452874 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
145161 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
USD
CY2015Q1 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
6.50
CY2015Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
5.10
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
3.33
CY2015Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageExercisePrice
3.89
CY2015Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
3114452 USD
CY2015Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
3.89
CY2015Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
649421 shares
CY2015Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber
649421 shares
CY2015Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1106895 shares
CY2015Q1 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
1640000 shares
CY2015Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
8415434 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
179298 shares
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
10272 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
277875 shares
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1018590 shares
CY2014Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0002
CY2015Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
8415434 shares
CY2014Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
50000000 shares
CY2014Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
6492622 shares
CY2015Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0002
CY2015Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
50000000 shares
CY2015Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
8415434 shares
CY2014Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
6492622 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.000 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.8362 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0163 pure
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P7Y4M24D
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1
P6Y2M12D
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P6Y2M12D
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P15M24D

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