$SMME
SmartMetric, Inc.

2015 Q3 Form 10-K Financial Statement

#000114420415058083 Filed on October 05, 2015

View on sec.gov

Income Statement

Concept 2015 Q3 2015 2014 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 $320.0K $1.551M $770.0K
YoY Change -36.0% -45.76% 16.67%
% of Gross Profit
Research & Development $61.12K $162.4K $50.00K
YoY Change 26.07% -66.84% -90.0%
% of Gross Profit
Depreciation & Amortization $0.00 $380.00 $0.00
YoY Change
% of Gross Profit
Operating Expenses $376.7K $1.714M $820.0K
YoY Change -31.77% -48.84% -28.7%
Operating Profit -$376.7K -$1.714M
YoY Change -31.77% -48.84%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$380.0K -$1.714M -$820.0K
YoY Change -30.91% -48.85% -28.7%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$376.7K -$1.714M -$820.0K
YoY Change -31.77% -410.44% -28.7%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share -$2.032K -$9.791K -$4.945K
COMMON SHARES
Basic Shares Outstanding 186.4M shares 165.1M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2015 Q3 2015 2014 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $30.00K $44.52K $100.0K
YoY Change -85.0% -55.48% -87.5%
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets $60.00K $84.42K $310.0K
YoY Change -76.0% -72.77% -61.25%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $89.29K $128.9K $405.4K
YoY Change -80.21% -68.55% -74.72%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $0.00 $0.00 $22.85K
YoY Change -100.0% 1118.83%
TOTAL ASSETS
Total Short-Term Assets $89.29K $128.9K $405.4K
Total Long-Term Assets $0.00 $0.00 $22.85K
Total Assets $89.29K $128.9K $428.3K
YoY Change -80.21% -70.02% -73.33%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $490.0K $439.8K $330.0K
YoY Change 53.13% 33.28% 26.92%
Accrued Expenses $320.0K $267.5K $130.0K
YoY Change 88.24% 105.78% 116.67%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $13.96K $0.00
YoY Change -100.0% -100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.144M $1.104M $806.6K
YoY Change -0.05% 36.28% 43.31%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $1.144M $1.104M $806.6K
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $1.140M $1.104M $810.0K
YoY Change 0.0% 36.28% 44.64%
SHAREHOLDERS EQUITY
Retained Earnings -$21.40M -$19.31M
YoY Change 7.74% 20.98%
Common Stock $189.0K $167.7K
YoY Change 11.68% 13.55%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$1.055M -$974.9K -$378.4K
YoY Change
Total Liabilities & Shareholders Equity $89.29K $128.9K $428.3K
YoY Change -80.16% -70.02% -73.33%

Cashflow Statement

Concept 2015 Q3 2015 2014 Q2
OPERATING ACTIVITIES
Net Income -$376.7K -$1.714M -$820.0K
YoY Change -31.77% -410.44% -28.7%
Depreciation, Depletion And Amortization $0.00 $380.00 $0.00
YoY Change
Cash From Operating Activities -$190.9K -$900.1K -$670.0K
YoY Change -62.28% -46.86% 318.75%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00 $0.00
YoY Change
Cash From Investing Activities $0.00 $0.00 $0.00
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $214.6K $805.9K $289.4K
YoY Change -30.24% -7.4% -80.7%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $174.3K $846.7K 710.0K
YoY Change -71.56% -14.26% -16.47%
NET CHANGE
Cash From Operating Activities -$190.9K -$900.1K -670.0K
Cash From Investing Activities $0.00 $0.00 0.000
Cash From Financing Activities $174.3K $846.7K 710.0K
Net Change In Cash -$16.64K -$53.41K 40.00K
YoY Change -115.61% -92.44% -94.2%
FREE CASH FLOW
Cash From Operating Activities -$190.9K -$900.1K -$670.0K
Capital Expenditures
Free Cash Flow
YoY Change

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<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 0pt 0.75in; FONT: 10pt Times New Roman, Times, Serif"> <strong><u>Use of Estimates</u></strong></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> &#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 0pt 0.75in; FONT: 10pt Times New Roman, Times, Serif" align="justify">The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period.&#160;&#160;On an ongoing basis, the Company evaluates its estimates, including, but not limited to, those related to income taxes and contingencies.&#160;&#160;The Company bases its estimates on historical experience and on various other assumptions that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying value of assets and liabilities that are not readily apparent from other sources.&#160;&#160;Actual results could differ from those estimates.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
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CY2015 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 0pt 0.75in; FONT: 10pt Times New Roman, Times, Serif" align="justify"><strong><u>Reclassifications</u></strong></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 0pt 0.75in; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 0pt 0.75in; FONT: 10pt Times New Roman, Times, Serif" align="justify">Certain amounts in the 2014 consolidated financial statements have been reclassified for comparative purposes to conform to the presentation in the current year consolidated financial statements. These reclassifications had no effect on previously reported results.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
CY2015 us-gaap Property Plant And Equipment Depreciation Methods
PropertyPlantAndEquipmentDepreciationMethods
straight-line method
CY2015Q2 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
4362500 shares
CY2014Q2 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2015Q2 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2015 us-gaap Related Party Transaction Rate
RelatedPartyTransactionRate
0.0500 pure
CY2015Q2 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
212934 USD
CY2015 smme Lease Initiation Date
LeaseInitiationDate
2012-03-01
CY2015 us-gaap Lease Expiration Date1
LeaseExpirationDate1
2015-01-31
CY2015 smme License Fee Periodic Payment Description
LicenseFeePeriodicPaymentDescription
The license fee is to be paid within 45 days of the end of each quarter
CY2015 smme License Agreement Initiation Date
LicenseAgreementInitiationDate
2004-08-01

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