2019 Q2 Form 10-Q Financial Statement

#000156459019030032 Filed on August 07, 2019

View on sec.gov

Income Statement

Concept 2019 Q2 2018 Q4 2018 Q2
Revenue $57.00K $60.00K $64.00K
YoY Change -10.94% 0.0% 0.0%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $2.779M $2.150M $2.123M
YoY Change 30.9% 17.49% -10.08%
% of Gross Profit
Research & Development $8.474M $6.700M $5.599M
YoY Change 51.35% 24.07% 25.88%
% of Gross Profit
Depreciation & Amortization $30.00K $30.00K $0.00
YoY Change -100.0%
% of Gross Profit
Operating Expenses $11.25M $8.850M $7.722M
YoY Change 45.73% 22.41% 13.41%
Operating Profit -$11.20M
YoY Change
Interest Expense $209.0K $4.000M $397.0K
YoY Change -47.36% -1030.23% 10.28%
% of Operating Profit
Other Income/Expense, Net $2.793M $4.300M -$3.099M
YoY Change -190.13% -4400.0% -221.72%
Pretax Income -$8.403M -$4.790M -$10.76M
YoY Change -21.91% -36.89% 156.19%
Income Tax $0.00 -$6.740M
% Of Pretax Income
Net Earnings -$8.403M $1.940M -$10.76M
YoY Change -21.88% -125.56% 156.18%
Net Earnings / Revenue -14742.11% 3233.33% -16807.81%
Basic Earnings Per Share
Diluted Earnings Per Share -$1.576M $404.2K -$2.299M
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2019 Q2 2018 Q4 2018 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $35.20M $44.20M $55.20M
YoY Change -36.23% 0.68% 11.97%
Cash & Equivalents $19.15M $11.44M $6.769M
Short-Term Investments $16.10M $32.70M $48.40M
Other Short-Term Assets $55.00K $54.00K $1.300M
YoY Change -95.77% -40.66% 5316.67%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $36.14M $51.46M $56.51M
YoY Change -36.04% 14.46% 11.12%
LONG-TERM ASSETS
Property, Plant & Equipment $460.0K $516.0K $412.0K
YoY Change 11.65% 12800.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $812.0K $812.0K $573.0K
YoY Change 41.71% 41.96% -12.12%
Total Long-Term Assets $4.931M $1.707M $1.593M
YoY Change 209.54% 91.8% 62.39%
TOTAL ASSETS
Total Short-Term Assets $36.14M $51.46M $56.51M
Total Long-Term Assets $4.931M $1.707M $1.593M
Total Assets $41.07M $53.17M $58.10M
YoY Change -29.3% 15.97% 12.09%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.806M $3.653M $2.600M
YoY Change 46.38% -4.7% 49.6%
Accrued Expenses $3.414M $2.103M $1.600M
YoY Change 113.38% 23.34% 20.39%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $5.500M
YoY Change -100.0% 307.71%
Total Short-Term Liabilities $7.248M $5.877M $13.15M
YoY Change -44.9% -42.06% 181.49%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $15.08M $9.400M
YoY Change -100.0% 46.38% -28.26%
Other Long-Term Liabilities $8.800M $1.000M $9.000M
YoY Change -2.22% -75.0% 275.0%
Total Long-Term Liabilities $0.00 $15.08M $18.40M
YoY Change -100.0% 46.38% 40.43%
TOTAL LIABILITIES
Total Short-Term Liabilities $7.248M $5.877M $13.15M
Total Long-Term Liabilities $0.00 $15.08M $18.40M
Total Liabilities $7.248M $21.95M $31.50M
YoY Change -76.99% -10.21% 56.1%
SHAREHOLDERS EQUITY
Retained Earnings -$217.7M
YoY Change 6.07%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $10.40M $31.23M $26.55M
YoY Change
Total Liabilities & Shareholders Equity $41.10M $53.17M $58.10M
YoY Change -29.26% 15.97% 12.09%

Cashflow Statement

Concept 2019 Q2 2018 Q4 2018 Q2
OPERATING ACTIVITIES
Net Income -$8.403M $1.940M -$10.76M
YoY Change -21.88% -125.56% 156.18%
Depreciation, Depletion And Amortization $30.00K $30.00K $0.00
YoY Change -100.0%
Cash From Operating Activities -$7.760M -$6.050M -$7.900M
YoY Change -1.77% 17.25% 7.05%
INVESTING ACTIVITIES
Capital Expenditures $0.00 -$90.00K -$400.0K
YoY Change -100.0%
Acquisitions
YoY Change
Other Investing Activities $10.02M $680.0K -$11.93M
YoY Change -183.99% -89.63% 71.16%
Cash From Investing Activities $10.02M $600.0K -$12.33M
YoY Change -181.27% -90.85% 76.9%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 3.930M 820.0K -230.0K
YoY Change -1808.7% -37.88% -112.23%
NET CHANGE
Cash From Operating Activities -7.760M -6.050M -7.900M
Cash From Investing Activities 10.02M 600.0K -12.33M
Cash From Financing Activities 3.930M 820.0K -230.0K
Net Change In Cash 6.190M -4.630M -20.46M
YoY Change -130.25% -270.22% 64.07%
FREE CASH FLOW
Cash From Operating Activities -$7.760M -$6.050M -$7.900M
Capital Expenditures $0.00 -$90.00K -$400.0K
Free Cash Flow -$7.760M -$5.960M -$7.500M
YoY Change 3.47% 15.5% 1.63%

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CY2019Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
166000
us-gaap Operating Lease Cost
OperatingLeaseCost
332000
CY2019Q2 us-gaap Variable Lease Cost
VariableLeaseCost
8000
us-gaap Variable Lease Cost
VariableLeaseCost
17000
CY2019Q2 us-gaap Lease Cost
LeaseCost
174000
us-gaap Lease Cost
LeaseCost
349000
CY2019Q2 us-gaap Operating Lease Payments
OperatingLeasePayments
55000
us-gaap Operating Lease Payments
OperatingLeasePayments
219000
CY2019Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P10Y29D
CY2019Q1 us-gaap Stockholders Equity
StockholdersEquity
11330000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
498000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
508000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
518000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
529000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
716000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
4203000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
6972000
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
279000
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
507000
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
517000
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
527000
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
715000
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
4263000
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
6808000
CY2019Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
3401000
CY2019Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
23000
CY2019Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
3345000
CY2019Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
3407000
CY2019Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
3604000
CY2019Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
125000000
CY2019Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
250000000
CY2018Q1 us-gaap Stockholders Equity
StockholdersEquity
36844000
CY2018Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
468000
CY2018Q2 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
-2000
CY2018Q2 us-gaap Stockholders Equity
StockholdersEquity
26553000
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
21410000
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
893000
us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
20000
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
18998000
us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
-7000
CY2019Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
446000
CY2019Q2 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
4046000
CY2019Q2 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
2984000
CY2019Q2 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
-1000
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
938000
us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
21000
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
6556000
us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
2984000
us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
-11000
CY2019Q2 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
30930040
CY2018Q4 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
30404957
CY2019Q2 scyx Fair Value Of Liabilities
FairValueOfLiabilities
5500000
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
4052913
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
1614500
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
0
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
88435
CY2019Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
5578978
CY2019Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber
2928163
CY2019Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
5578978
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
4.37
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
1.26
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
6.80
CY2019Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
3.43
CY2019Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageExercisePrice
4.96
CY2018 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P7Y2M23D
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P7Y7M17D
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1
P6Y4M24D
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P7Y7M17D
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
0
CY2019Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
169000
CY2019Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue
89000
CY2019Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
169000
CY2019Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
446000
CY2018Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
468000
CY2019Q2 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
0
CY2018Q2 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
0
us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
0
us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
0
CY2019Q2 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
0
CY2018Q2 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
0
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
0
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
0

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