2018 Q3 Form 10-Q Financial Statement

#000139047818000022 Filed on August 14, 2018

View on sec.gov

Income Statement

Concept 2018 Q3 2018 Q2 2017 Q2
Revenue $0.00 $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $1.341M $4.909M $3.841M
YoY Change -58.38% 27.81% 23.23%
% of Gross Profit
Research & Development $1.720M $1.592M $1.827M
YoY Change 61.05% -12.86% -70.41%
% of Gross Profit
Depreciation & Amortization $0.00 $0.00 $230.0K
YoY Change -100.0% -100.0%
% of Gross Profit
Operating Expenses $3.061M $6.501M $5.668M
YoY Change -28.65% 14.7% -39.0%
Operating Profit -$4.911M
YoY Change -47.15%
Interest Expense -$70.00K -$120.0K -$130.0K
YoY Change -30.0% -7.69% -100.94%
% of Operating Profit
Other Income/Expense, Net -$290.0K -$5.899M -$5.796M
YoY Change -93.4% 1.78% -205.38%
Pretax Income -$290.0K -$5.900M -$5.800M
YoY Change -93.39% 1.72% -170.05%
Income Tax $0.00 $163.0K $117.0K
% Of Pretax Income
Net Earnings -$290.0K -$6.062M -$5.913M
YoY Change -93.49% 2.52% -209.72%
Net Earnings / Revenue
Basic Earnings Per Share -$0.22
Diluted Earnings Per Share -$828.6K -$43.29M -$0.22
COMMON SHARES
Basic Shares Outstanding 19.57M shares 6.655M shares 37.42M shares
Diluted Shares Outstanding 37.42M shares

Balance Sheet

Concept 2018 Q3 2018 Q2 2017 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $10.00M $1.300M $18.10M
YoY Change -22.48% -92.82% -7.65%
Cash & Equivalents $10.00M $1.300M $18.07M
Short-Term Investments
Other Short-Term Assets $1.300M $9.500M $14.20M
YoY Change -90.51% -33.1% -44.75%
Inventory
Prepaid Expenses
Receivables
Other Receivables $6.600M
Total Short-Term Assets $17.81M $10.93M $32.29M
YoY Change -33.15% -66.17% -28.69%
LONG-TERM ASSETS
Property, Plant & Equipment $148.0K
YoY Change -42.86%
Goodwill $1.914M $1.914M $5.898M
YoY Change -64.46% -67.55% 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.100M $1.500M $100.0K
YoY Change 1000.0% 1400.0% -50.0%
Total Long-Term Assets $20.66M $21.05M $28.26M
YoY Change -10.0% -25.53% -0.82%
TOTAL ASSETS
Total Short-Term Assets $17.81M $10.93M $32.29M
Total Long-Term Assets $20.66M $21.05M $28.26M
Total Assets $38.47M $31.97M $60.55M
YoY Change -22.43% -47.2% -17.92%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $7.238M $12.10M $385.0K
YoY Change 3330.33% 3042.6% -69.76%
Accrued Expenses $4.683M $4.974M $2.634M
YoY Change 46.99% 88.84% -43.99%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $76.00K $7.779M $13.03M
YoY Change -99.38% -40.28% -43.75%
Total Short-Term Liabilities $12.00M $24.85M $34.54M
YoY Change -57.19% -28.05% -26.86%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $6.300M $7.900M $1.200M
YoY Change 384.62% 558.33% 50.0%
Total Long-Term Liabilities $0.00 $0.00 $1.200M
YoY Change -100.0% -100.0% 50.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $12.00M $24.85M $34.54M
Total Long-Term Liabilities $0.00 $0.00 $1.200M
Total Liabilities $20.01M $34.46M $41.43M
YoY Change -42.75% -16.83% -22.5%
SHAREHOLDERS EQUITY
Retained Earnings -$68.53M -$68.24M -$323.1M
YoY Change -79.18% -78.88%
Common Stock $86.99M $65.76M $346.0M
YoY Change -74.98% -81.0% 9.97%
Preferred Stock
YoY Change
Treasury Stock (at cost) $3.849M
YoY Change 0.0%
Treasury Stock Shares 33.75K shares
Shareholders Equity $18.46M -$2.483M $19.13M
YoY Change
Total Liabilities & Shareholders Equity $38.47M $31.97M $60.55M
YoY Change -22.43% -47.2% -17.92%

Cashflow Statement

Concept 2018 Q3 2018 Q2 2017 Q2
OPERATING ACTIVITIES
Net Income -$290.0K -$6.062M -$5.913M
YoY Change -93.49% 2.52% -209.72%
Depreciation, Depletion And Amortization $0.00 $0.00 $230.0K
YoY Change -100.0% -100.0%
Cash From Operating Activities -$14.17M -$6.300M -$3.050M
YoY Change 490.42% 106.56% -73.46%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 14.25M 4.210M 5.660M
YoY Change -142600.0% -25.62% -255.92%
NET CHANGE
Cash From Operating Activities -14.17M -6.300M -3.050M
Cash From Investing Activities
Cash From Financing Activities 14.25M 4.210M 5.660M
Net Change In Cash 80.00K -2.090M 2.610M
YoY Change -103.32% -180.08% -117.26%
FREE CASH FLOW
Cash From Operating Activities -$14.17M -$6.300M -$3.050M
Capital Expenditures
Free Cash Flow
YoY Change

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111000 USD
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9647000 USD
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0
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0
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
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CY2018Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Aggregate Intrinsic Value
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0 USD
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us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
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P6Y1M21D
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
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P6Y2M12D
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
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P7Y6M4D
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
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P9Y8M23D
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P10Y
us-gaap Stock Issued During Period Value New Issues
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426000 USD
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272000 USD
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us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
6391948 shares

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