2014 Q1 Form 10-K Financial Statement

#000110465914018761 Filed on March 12, 2014

View on sec.gov

Income Statement

Concept 2014 Q1 2013 Q4 2013
Revenue $0.00 $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $1.680M $2.120M $9.910M
YoY Change -47.17% -53.51% -48.47%
% of Gross Profit
Research & Development $620.0K $1.320M $8.190M
YoY Change -77.78% -77.44% -77.41%
% of Gross Profit
Depreciation & Amortization $3.945K $0.00 $21.80K
YoY Change -27.79% -100.0% -31.14%
% of Gross Profit
Operating Expenses $2.310M $3.240M $18.17M
YoY Change -61.5% -68.97% -67.31%
Operating Profit -$2.311M -$18.17M
YoY Change -61.45% -67.3%
Interest Expense -$1.200M $2.520M $8.620M
YoY Change -162.18% -16.83% -738.52%
% of Operating Profit
Other Income/Expense, Net $9.117K $0.00 $8.322M
YoY Change -99.53% -100.0% -886.54%
Pretax Income -$3.510M -$1.020M -$9.852M
YoY Change -13.55% -85.95% -82.61%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$3.510M -$1.020M -$9.852M
YoY Change -13.61% -85.95% -82.61%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share -$35.79K -$10.40K -$100.4K
COMMON SHARES
Basic Shares Outstanding 98.07M shares 98.07M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2014 Q1 2013 Q4 2013
SHORT-TERM ASSETS
Cash & Short-Term Investments $11.40M $14.00M $14.00M
YoY Change -54.03% -53.95% -53.95%
Cash & Equivalents $11.38M $13.93M $13.90M
Short-Term Investments $100.0K $100.0K $100.0K
Other Short-Term Assets $200.0K $200.0K $200.0K
YoY Change 100.0% 0.0% 0.0%
Inventory
Prepaid Expenses $179.2K $200.7K
Receivables $32.56K $11.59K $0.00
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $11.64M $14.19M $14.20M
YoY Change -54.37% -54.83% -54.78%
LONG-TERM ASSETS
Property, Plant & Equipment $55.30M $67.91K $55.20M
YoY Change 65537.2% -24.3% 55100.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $0.00 $0.00 $0.00
YoY Change -100.0% -100.0% -100.0%
Total Long-Term Assets $55.27M $55.27M $55.30M
YoY Change 0.02% 0.02% 0.0%
TOTAL ASSETS
Total Short-Term Assets $11.64M $14.19M $14.20M
Total Long-Term Assets $55.27M $55.27M $55.30M
Total Assets $66.91M $69.46M $69.50M
YoY Change -17.16% -19.87% -19.84%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $309.7K $42.47K $0.00
YoY Change -65.59% -96.46% -100.0%
Accrued Expenses $473.7K $1.451M $1.500M
YoY Change -68.42% -43.06% -40.0%
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 $783.3K $1.494M $1.500M
YoY Change -67.02% -60.14% -59.46%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $16.30M $14.80M $14.80M
YoY Change -22.01% -33.93% -33.93%
Total Long-Term Liabilities $16.30M $14.80M $14.80M
YoY Change -22.01% -33.93% -33.93%
TOTAL LIABILITIES
Total Short-Term Liabilities $783.3K $1.494M $1.500M
Total Long-Term Liabilities $16.30M $14.80M $14.80M
Total Liabilities $17.08M $16.29M $16.30M
YoY Change -26.6% -37.68% -37.55%
SHAREHOLDERS EQUITY
Retained Earnings -$221.9M -$218.4M
YoY Change 4.72%
Common Stock $269.2M $268.6M
YoY Change 1.35%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $49.80M $53.17M $53.20M
YoY Change
Total Liabilities & Shareholders Equity $66.91M $69.46M $69.50M
YoY Change -17.16% -19.87% -19.84%

Cashflow Statement

Concept 2014 Q1 2013 Q4 2013
OPERATING ACTIVITIES
Net Income -$3.510M -$1.020M -$9.852M
YoY Change -13.61% -85.95% -82.61%
Depreciation, Depletion And Amortization $3.945K $0.00 $21.80K
YoY Change -27.79% -100.0% -31.14%
Cash From Operating Activities -$2.050M -$2.130M -$14.82M
YoY Change -58.5% -82.86% -71.72%
INVESTING ACTIVITIES
Capital Expenditures -$30.00K $0.00 $0.00
YoY Change -100.0%
Acquisitions
YoY Change
Other Investing Activities $30.00K -$30.00K -$30.00K
YoY Change
Cash From Investing Activities $0.00 -$30.00K -$30.00K
YoY Change -400.0% -98.58%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change -100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 0.000 0.000 0.000
YoY Change -100.0%
NET CHANGE
Cash From Operating Activities -2.050M -2.130M -14.82M
Cash From Investing Activities 0.000 -30.00K -30.00K
Cash From Financing Activities 0.000 0.000 0.000
Net Change In Cash -2.050M -2.160M -14.85M
YoY Change -58.5% -82.61% -41.33%
FREE CASH FLOW
Cash From Operating Activities -$2.050M -$2.130M -$14.82M
Capital Expenditures -$30.00K $0.00 $0.00
Free Cash Flow -$2.020M -$2.130M -$14.82M
YoY Change -59.11% -82.86% -71.72%

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