2013 Q1 Form 10-Q Financial Statement

#000107878213000317 Filed on February 14, 2013

View on sec.gov

Income Statement

Concept 2013 Q1 2012 Q4 2012 Q1
Revenue $0.00
YoY Change
Cost Of Revenue $0.00
YoY Change
Gross Profit $0.00
YoY Change
Gross Profit Margin
Selling, General & Admin $70.00K $20.00K $0.00
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $0.00 $0.00
YoY Change
% of Gross Profit
Operating Expenses $98.07K $15.90K $0.00
YoY Change 638.75%
Operating Profit -$98.07K -$15.90K $0.00
YoY Change 638.75%
Interest Expense $6.577K $65.00 $0.00
YoY Change 0.0%
% of Operating Profit
Other Income/Expense, Net -$6.577K -$65.00 $0.00
YoY Change 0.0%
Pretax Income -$104.7K -$20.00K $0.00
YoY Change
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$104.7K -$15.96K $0.00
YoY Change 620.03%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share -$2.255K -$5.319K $0.00
COMMON SHARES
Basic Shares Outstanding 3.760M 11.28M
Diluted Shares Outstanding

Balance Sheet

Concept 2013 Q1 2012 Q4 2012 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $550.0K $0.00 $0.00
YoY Change
Cash & Equivalents $545.4K $356.00 $247.00
Short-Term Investments
Other Short-Term Assets $0.00
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $545.4K $356.00 $247.00
YoY Change 220716.6% -58.75% -71.87%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $6.300M
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $6.299M $0.00 $0.00
YoY Change
TOTAL ASSETS
Total Short-Term Assets $545.4K $356.00 $247.00
Total Long-Term Assets $6.299M $0.00 $0.00
Total Assets $6.844M $356.00 $247.00
YoY Change 2770919.03% -58.75% -71.87%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $89.08K $11.55K $1.860K
YoY Change 4689.35% 1526.9%
Accrued Expenses $0.00 $0.00
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $3.000M $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $0.00 $0.00
YoY Change
Total Short-Term Liabilities $3.096M $39.47K $15.83K
YoY Change 19453.55% 170.03% 167.82%
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
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $3.096M $39.47K $15.83K
Total Long-Term Liabilities $0.00 $0.00
Total Liabilities $3.096M $39.47K $15.83K
YoY Change 19453.55% 170.03% 167.82%
SHAREHOLDERS EQUITY
Retained Earnings -$104.7K -$528.1K -$504.6K
YoY Change -79.26% 5.04% 2.14%
Common Stock $40.80K $3.760K $3.760K
YoY Change 985.05% -66.67% -66.67%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.749M -$39.11K -$15.58K
YoY Change
Total Liabilities & Shareholders Equity $6.844M $356.00 $247.00
YoY Change 2770919.03% -58.75% -71.87%

Cashflow Statement

Concept 2013 Q1 2012 Q4 2012 Q1
OPERATING ACTIVITIES
Net Income -$104.7K -$15.96K $0.00
YoY Change 620.03%
Depreciation, Depletion And Amortization $0.00 $0.00
YoY Change
Cash From Operating Activities -$3.323M $0.00 $0.00
YoY Change
INVESTING ACTIVITIES
Capital Expenditures $0.00 $0.00
YoY Change
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00
YoY Change
Cash From Investing Activities $0.00 $0.00
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $3.869M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $3.869M 0.000 0.000
YoY Change -100.0%
NET CHANGE
Cash From Operating Activities -$3.323M 0.000 0.000
Cash From Investing Activities 0.000 0.000
Cash From Financing Activities $3.869M 0.000 0.000
Net Change In Cash $545.4K 0.000 0.000
YoY Change -100.0%
FREE CASH FLOW
Cash From Operating Activities -$3.323M $0.00 $0.00
Capital Expenditures $0.00 $0.00
Free Cash Flow $0.00 $0.00
YoY Change

Facts In Submission

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us-gaap Proceeds From Sale Of Machinery And Equipment
ProceedsFromSaleOfMachineryAndEquipment
18390 USD
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
USD
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
USD
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
5748 USD
CY2012Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-528107 USD
CY2012Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-504580 USD
CY2012Q4 us-gaap Revenues
Revenues
USD
us-gaap Revenues
Revenues
USD
CY2011Q4 us-gaap Revenues
Revenues
USD
us-gaap Revenues
Revenues
USD
us-gaap Revenues
Revenues
204463 USD
CY2012Q4 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
USD
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
USD
CY2011Q4 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
USD
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
USD
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
153821 USD
us-gaap Share Based Goods And Nonemployee Services Transaction Cash Flow Effects
ShareBasedGoodsAndNonemployeeServicesTransactionCashFlowEffects
USD
us-gaap Share Based Goods And Nonemployee Services Transaction Cash Flow Effects
ShareBasedGoodsAndNonemployeeServicesTransactionCashFlowEffects
USD
us-gaap Share Based Goods And Nonemployee Services Transaction Cash Flow Effects
ShareBasedGoodsAndNonemployeeServicesTransactionCashFlowEffects
98 USD
CY2012Q4 us-gaap Stockholders Equity
StockholdersEquity
-39111 USD
CY2012Q1 us-gaap Stockholders Equity
StockholdersEquity
-15584 USD
us-gaap Stock Issued1
StockIssued1
USD
us-gaap Stock Issued1
StockIssued1
USD
us-gaap Stock Issued1
StockIssued1
27433 USD
CY2004Q3 us-gaap Stock Issued During Period Shares Acquisitions
StockIssuedDuringPeriodSharesAcquisitions
1200000
us-gaap Use Of Estimates
UseOfEstimates
<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div style="WIDTH: 720px"><!--StartFragment--> <p style="MARGIN: 0px; text-align: justify"><u>Estimates and Assumptions</u></p> <p style="MARGIN: 0px; text-align: justify"><br /> </p> <p style="MARGIN: 0px; text-align: justify">Management uses estimates and assumptions in preparing financial statements in accordance with generally accepted accounting principles. &nbsp;Those estimates and assumptions affect the reported amounts of the assets and liabilities, the disclosure of contingent assets and liabilities, and the reported revenues and expenses. &nbsp;Actual results could vary from the estimates that were assumed in preparing these financial statements.</p> <!--EndFragment--></div> </div>
CY2012Q4 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
3760000
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
3760000
CY2011Q4 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
3760000
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
3760000

Files In Submission

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0001078782-13-000317.txt Edgar Link pending
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