2019 Q2 Form 10-Q Financial Statement

#000156459019018686 Filed on May 13, 2019

View on sec.gov

Income Statement

Concept 2019 Q2 2019 Q1 2018 Q1
Revenue $0.00 $0.00 $0.00
YoY Change -100.0%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $1.700M $2.010M $1.870M
YoY Change -3.95% 7.49% 78.78%
% of Gross Profit
Research & Development $3.750M $2.760M $1.180M
YoY Change 118.79% 133.9% 260.86%
% of Gross Profit
Depreciation & Amortization $490.0K $490.0K $490.0K
YoY Change 0.0% 0.0% 226.67%
% of Gross Profit
Operating Expenses $5.623M $4.978M $3.475M
YoY Change 64.75% 43.25% 153.1%
Operating Profit -$5.623M -$4.978M -$3.475M
YoY Change 64.75% 43.25% 153.1%
Interest Expense -$170.0K -$190.0K $0.00
YoY Change
% of Operating Profit
Other Income/Expense, Net -$4.385M -$2.052M $185.0K
YoY Change 36.1% -1209.19% -127.53%
Pretax Income -$10.01M -$7.030M -$3.290M
YoY Change 50.75% 113.68% 60.49%
Income Tax
% Of Pretax Income
Net Earnings -$10.01M -$7.030M -$3.804M
YoY Change 41.8% 84.81% 31.76%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share -$315.0K -$221.3K -$194.6K
COMMON SHARES
Basic Shares Outstanding 31.78M 31.76M 19.49M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2019 Q2 2019 Q1 2018 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $16.13M $20.19M $14.87M
YoY Change 28.12% 35.78% 41.08%
Cash & Equivalents $15.50M $19.40M $14.87M
Short-Term Investments $620.0K $790.0K
Other Short-Term Assets $470.0K $600.0K $940.0K
YoY Change -34.72% -36.17% 213.33%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $16.62M $20.87M $15.81M
YoY Change 24.82% 31.99% 33.97%
LONG-TERM ASSETS
Property, Plant & Equipment $22.00K $19.00K $17.00K
YoY Change 69.23% 11.76% -81.72%
Goodwill
YoY Change
Intangibles $17.50M $17.98M $19.93M
YoY Change -10.0% -9.76%
Long-Term Investments
YoY Change
Other Assets $126.0K
YoY Change 0.0%
Total Long-Term Assets $17.52M $18.00M $20.52M
YoY Change -12.55% -12.28% -6.99%
TOTAL ASSETS
Total Short-Term Assets $16.62M $20.87M $15.81M
Total Long-Term Assets $17.52M $18.00M $20.52M
Total Assets $34.13M $38.87M $36.33M
YoY Change 2.37% 6.98% 7.28%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.740M $1.258M $1.133M
YoY Change 77.37% 11.03% 21.18%
Accrued Expenses $1.120M $990.0K $720.0K
YoY Change 30.23% 37.5% -41.94%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $2.855M $2.250M $1.942M
YoY Change 46.79% 15.86% -10.59%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $17.44M $12.99M $13.00K
YoY Change 134053.85% 99823.08% -98.92%
Total Long-Term Liabilities $17.44M $12.99M $13.00K
YoY Change 134053.85% 99823.08% -98.92%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.855M $2.250M $1.942M
Total Long-Term Liabilities $17.44M $12.99M $13.00K
Total Liabilities $20.29M $15.24M $13.08M
YoY Change 21.53% 16.49% 251.49%
SHAREHOLDERS EQUITY
Retained Earnings -$134.1M -$117.5M
YoY Change 14.09% 16.11%
Common Stock $157.7M $140.8M
YoY Change 12.04% 7.16%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $13.84M $23.63M $23.25M
YoY Change
Total Liabilities & Shareholders Equity $34.13M $38.87M $36.33M
YoY Change 2.36% 6.98% 7.28%

Cashflow Statement

Concept 2019 Q2 2019 Q1 2018 Q1
OPERATING ACTIVITIES
Net Income -$10.01M -$7.030M -$3.804M
YoY Change 41.8% 84.81% 31.76%
Depreciation, Depletion And Amortization $490.0K $490.0K $490.0K
YoY Change 0.0% 0.0% 226.67%
Cash From Operating Activities -$3.890M -$3.687M -$2.520M
YoY Change 41.45% 46.31% 15.44%
INVESTING ACTIVITIES
Capital Expenditures -$10.00K $10.00K
YoY Change
Acquisitions
YoY Change
Other Investing Activities $0.00
YoY Change
Cash From Investing Activities -$10.00K -$10.00K $0.00
YoY Change -100.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 0.000 0.000 288.0K
YoY Change -100.0% -100.0% -97.12%
NET CHANGE
Cash From Operating Activities -3.890M -3.687M -2.520M
Cash From Investing Activities -10.00K -10.00K 0.000
Cash From Financing Activities 0.000 0.000 288.0K
Net Change In Cash -3.900M -3.697M -2.232M
YoY Change 76.47% 65.64% -128.57%
FREE CASH FLOW
Cash From Operating Activities -$3.890M -$3.687M -$2.520M
Capital Expenditures -$10.00K $10.00K
Free Cash Flow -$3.880M -$3.697M
YoY Change 41.09%

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Files In Submission

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