2019 Q4 Form 10-Q Financial Statement

#000162828019013661 Filed on November 07, 2019

View on sec.gov

Income Statement

Concept 2019 Q4 2019 Q3 2018 Q3
Revenue $0.00 $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $2.100M $2.300M $3.500M
YoY Change -19.23% -34.29% -7.89%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $2.100M $2.300M $3.500M
YoY Change -19.23% -34.29% -7.89%
Operating Profit -$2.060M -$2.262M -$3.516M
YoY Change -21.31% -35.67% -6.44%
Interest Expense -$900.0K -$9.000M $36.70M
YoY Change -93.48% -124.52% -346.31%
% of Operating Profit
Other Income/Expense, Net $2.245M $8.777M -$1.078M
YoY Change -1263.21% -914.19% 184.43%
Pretax Income -$698.0K -$2.497M $32.06M
YoY Change -95.8% -107.79% -271.9%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income 0.0%
Net Earnings -$698.0K -$2.497M $32.06M
YoY Change -95.8% -107.79% -271.9%
Net Earnings / Revenue
Basic Earnings Per Share -$0.03 -$0.12 $1.56
Diluted Earnings Per Share -$0.03 -$0.12 $1.56
COMMON SHARES
Basic Shares Outstanding 20.65M shares 20.66M 20.56M shares
Diluted Shares Outstanding 20.66M 20.56M shares

Balance Sheet

Concept 2019 Q4 2019 Q3 2018 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $25.00M $45.00M $69.60M
YoY Change -45.3% -35.34% 75.24%
Cash & Equivalents $25.03M $45.04M $44.50M
Short-Term Investments $0.00 $0.00 $25.10M
Other Short-Term Assets $1.300M $3.300M $2.100M
YoY Change 18.18% 57.14% -43.24%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $26.35M $48.33M $73.04M
YoY Change -43.62% -33.83% 55.21%
LONG-TERM ASSETS
Property, Plant & Equipment $2.101M $2.174M $1.293M
YoY Change 160.02% 68.14% -20.48%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $34.54M $35.26M $71.69M
YoY Change -46.44% -50.81% -37.29%
Other Assets $1.997M $702.0K $316.0K
YoY Change -23.46% 122.15% 0.0%
Total Long-Term Assets $81.23M $82.52M $105.3M
YoY Change -17.95% -21.64% -28.47%
TOTAL ASSETS
Total Short-Term Assets $26.35M $48.33M $73.04M
Total Long-Term Assets $81.23M $82.52M $105.3M
Total Assets $107.6M $130.8M $178.4M
YoY Change -26.18% -26.63% -8.2%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $39.00K $117.0K $17.00K
YoY Change -76.36% 588.24% -90.06%
Accrued Expenses $627.0K $1.138M $2.213M
YoY Change -71.26% -48.58% -11.3%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $0.00 $22.10M
YoY Change -100.0% -44.89%
Total Short-Term Liabilities $2.429M $3.708M $28.34M
YoY Change -92.63% -86.92% -37.93%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $63.40M
YoY Change -100.0% -100.0% 41.2%
Other Long-Term Liabilities $1.027M $1.728M $3.106M
YoY Change -63.37% -44.37% -11.36%
Total Long-Term Liabilities $1.027M $1.728M $3.106M
YoY Change -63.37% -44.37% -11.36%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.429M $3.708M $28.34M
Total Long-Term Liabilities $1.027M $1.728M $3.106M
Total Liabilities $5.836M $7.912M $94.84M
YoY Change -92.59% -91.66% 0.82%
SHAREHOLDERS EQUITY
Retained Earnings -$697.2M -$675.8M -$714.5M
YoY Change -4.63% -5.41% 2.55%
Common Stock $813.0M $812.8M $813.3M
YoY Change -0.01% -0.06% -0.48%
Preferred Stock
YoY Change
Treasury Stock (at cost) $14.02M $14.00M $15.28M
YoY Change -6.51% -8.41% -24.05%
Treasury Stock Shares $930.0K 928.0K shares 926.0K shares
Shareholders Equity $101.7M $122.9M $83.50M
YoY Change
Total Liabilities & Shareholders Equity $107.6M $130.8M $178.4M
YoY Change -26.18% -26.63% -8.2%

Cashflow Statement

Concept 2019 Q4 2019 Q3 2018 Q3
OPERATING ACTIVITIES
Net Income -$698.0K -$2.497M $32.06M
YoY Change -95.8% -107.79% -271.9%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities -$1.500M -$6.300M -$5.000M
YoY Change -79.73% 26.0% 21.95%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $1.600M $23.00M $23.60M
YoY Change -112.8% -2.54% -437.14%
Cash From Investing Activities $1.600M $23.00M $23.60M
YoY Change -112.8% -2.54% -437.14%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -20.70M -44.60M 0.000
YoY Change 25.45% -100.0%
NET CHANGE
Cash From Operating Activities -1.500M -6.300M -5.000M
Cash From Investing Activities 1.600M 23.00M 23.60M
Cash From Financing Activities -20.70M -44.60M 0.000
Net Change In Cash -20.60M -27.90M 18.60M
YoY Change -43.41% -250.0% -234.78%
FREE CASH FLOW
Cash From Operating Activities -$1.500M -$6.300M -$5.000M
Capital Expenditures
Free Cash Flow
YoY Change

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601000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
595000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
707000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
177000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
1253000 USD
CY2019Q1 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
3600000 USD
CY2019Q3 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
3617000 USD
CY2019Q3 us-gaap Lessor Operating Lease Payments To Be Received Five Years
LessorOperatingLeasePaymentsToBeReceivedFiveYears
556000 USD
CY2019Q3 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
540000 USD
CY2019Q3 us-gaap Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
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125000 USD
CY2019Q3 us-gaap Lessor Operating Lease Payments To Be Received Thereafter
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789000 USD
CY2019Q3 us-gaap Lessor Operating Lease Payments To Be Received Three Years
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525000 USD
CY2019Q3 us-gaap Lessor Operating Lease Payments To Be Received Two Years
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509000 USD
CY2019Q2 us-gaap Lessor Operating Lease Renewal Term
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P6M
CY2019Q2 us-gaap Lessor Operating Lease Term Of Contract
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P18M
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78758000 USD
CY2019Q3 us-gaap Liabilities
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7912000 USD
CY2018Q4 us-gaap Liabilities And Stockholders Equity
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145737000 USD
CY2019Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
130849000 USD
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32940000 USD
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3708000 USD
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22100000 USD
CY2019Q3 us-gaap Lines Of Credit Current
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0 USD
CY2018Q4 us-gaap Long Term Line Of Credit
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43014000 USD
CY2019Q3 us-gaap Long Term Line Of Credit
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0 USD
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-8486000 USD
us-gaap Net Cash Provided By Used In Financing Activities
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-68778000 USD
us-gaap Net Cash Provided By Used In Investing Activities
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44570000 USD
us-gaap Net Cash Provided By Used In Investing Activities
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124682000 USD
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-18649000 USD
us-gaap Net Cash Provided By Used In Operating Activities
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-18543000 USD
CY2018Q3 us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
0 USD
us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
0 USD
CY2019Q3 us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
0 USD
us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
0 USD
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 segment
CY2018Q3 us-gaap Operating Income Loss
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-3516000 USD
us-gaap Operating Income Loss
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-14253000 USD
CY2019Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-2262000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
-7922000 USD
CY2019Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
2873000 USD
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396000 USD
CY2019Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
2476000 USD
CY2018Q3 us-gaap Operating Lease Payments
OperatingLeasePayments
100000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
400000 USD
CY2019Q3 us-gaap Operating Lease Payments
OperatingLeasePayments
100000 USD
us-gaap Operating Lease Payments
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400000 USD
CY2018Q4 us-gaap Other Assets Noncurrent
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517000 USD
CY2019Q3 us-gaap Other Assets Noncurrent
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702000 USD
CY2018Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
82000 USD
CY2018Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-1000 USD
CY2018Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
19000 USD
us-gaap Other Nonoperating Income Expense
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CY2019Q3 us-gaap Other Nonoperating Income Expense
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8777000 USD
us-gaap Other Nonoperating Income Expense
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10010000 USD
CY2019Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-31000 USD
CY2019Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
6000 USD
CY2019Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
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0 USD
CY2018Q4 us-gaap Other Liabilities Noncurrent
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2804000 USD
CY2019Q3 us-gaap Other Liabilities Noncurrent
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1728000 USD
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us-gaap Payments For Advance To Affiliate
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12098000 USD
us-gaap Payments For Advance To Affiliate
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4954000 USD
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2252000 USD
us-gaap Payments Of Debt Issuance Costs
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0 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
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234000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
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210000 USD
us-gaap Payments To Acquire Equity Method Investments
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3250000 USD
us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
9500000 USD
us-gaap Payments To Acquire Held To Maturity Securities
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24858000 USD
us-gaap Payments To Acquire Held To Maturity Securities
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57243000 USD
CY2018Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.10
CY2019Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.10
CY2018Q4 us-gaap Preferred Stock Shares Authorized
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1000000 shares
CY2019Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1000000 shares
CY2018Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2019Q3 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2018Q4 us-gaap Prepaid Expense And Other Assets Current
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2669000 USD
CY2019Q3 us-gaap Prepaid Expense And Other Assets Current
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2764000 USD
us-gaap Proceeds From Collection Of Advance To Affiliate
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10652000 USD
us-gaap Proceeds From Collection Of Advance To Affiliate
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0 USD
us-gaap Proceeds From Divestiture Of Businesses And Interests In Affiliates
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69912000 USD
us-gaap Proceeds From Divestiture Of Businesses And Interests In Affiliates
ProceedsFromDivestitureOfBusinessesAndInterestsInAffiliates
101190000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
35000000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
0 USD
us-gaap Proceeds From Sale And Maturity Of Held To Maturity Securities
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4211000 USD
us-gaap Proceeds From Sale And Maturity Of Held To Maturity Securities
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95189000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
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1000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
0 USD
CY2018Q1 us-gaap Profit Loss
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994000 USD
CY2019Q1 us-gaap Profit Loss
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21663000 USD
CY2019Q2 us-gaap Profit Loss
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36093000 USD
CY2019Q3 us-gaap Profit Loss
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us-gaap Profit Loss
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55259000 USD
CY2018Q4 us-gaap Property Plant And Equipment Net
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808000 USD
CY2019Q3 us-gaap Property Plant And Equipment Net
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2174000 USD
us-gaap Repayments Of Convertible Debt
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41000000 USD
us-gaap Repayments Of Convertible Debt
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0 USD
CY2019Q3 us-gaap Repayments Of Debt
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49500000 USD
us-gaap Repayments Of Lines Of Credit
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0 USD
us-gaap Repayments Of Lines Of Credit
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68568000 USD
CY2018Q4 us-gaap Restricted Cash Current
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500000 USD
CY2019Q3 us-gaap Restricted Cash Current
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525000 USD
CY2018Q4 us-gaap Retained Earnings Accumulated Deficit
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-731105000 USD
CY2019Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-675846000 USD
us-gaap Stock Issued During Period Shares Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodSharesRestrictedStockAwardNetOfForfeitures
30000 shares
us-gaap Stock Issued During Period Shares Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodSharesRestrictedStockAwardNetOfForfeitures
30000 shares
CY2018Q2 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
0 USD
CY2019Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
0 USD
CY2017Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
81796000 USD
CY2018Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
75835000 USD
CY2018Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
51221000 USD
CY2018Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
83509000 USD
CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
66979000 USD
CY2019Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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88879000 USD
CY2019Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
125216000 USD
CY2019Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
122937000 USD
CY2018Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
914000 shares
CY2019Q3 us-gaap Treasury Stock Shares
TreasuryStockShares
928000 shares
CY2018Q4 us-gaap Treasury Stock Value
TreasuryStockValue
15001000 USD
CY2019Q3 us-gaap Treasury Stock Value
TreasuryStockValue
13998000 USD
CY2018Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
20561000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
20535000 shares
CY2019Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
20657000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
20623000 shares
CY2018Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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20561000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
20535000 shares
CY2019Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
20657000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
20623000 shares

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