2013 Q3 Form 10-Q Financial Statement
#000110465913084216 Filed on November 13, 2013
Income Statement
Concept | 2013 Q3 | 2012 Q4 | 2012 Q3 |
---|---|---|---|
Revenue | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Cost Of Revenue | |||
YoY Change | |||
Gross Profit | |||
YoY Change | |||
Gross Profit Margin | |||
Selling, General & Admin | $3.660M | $1.780M | $1.530M |
YoY Change | 139.22% | 165.67% | 313.51% |
% of Gross Profit | |||
Research & Development | $3.262M | $2.430M | $1.595M |
YoY Change | 104.51% | 215.58% | 294.8% |
% of Gross Profit | |||
Depreciation & Amortization | $70.00K | $40.00K | $30.00K |
YoY Change | 133.33% | ||
% of Gross Profit | |||
Operating Expenses | $6.925M | $4.210M | $3.120M |
YoY Change | 121.96% | 192.36% | 303.1% |
Operating Profit | -$6.925M | -$3.120M | |
YoY Change | 121.96% | 303.1% | |
Interest Expense | $30.00K | $20.00K | $0.00 |
YoY Change | |||
% of Operating Profit | |||
Other Income/Expense, Net | |||
YoY Change | |||
Pretax Income | -$6.890M | -$4.190M | -$3.120M |
YoY Change | 120.83% | 190.97% | 305.19% |
Income Tax | $0.00 | $0.00 | $0.00 |
% Of Pretax Income | |||
Net Earnings | -$6.891M | -$4.190M | -$3.118M |
YoY Change | 121.01% | 190.97% | 302.84% |
Net Earnings / Revenue | |||
Basic Earnings Per Share | |||
Diluted Earnings Per Share | -$86.12 | -$69.83 | -$104.00 |
COMMON SHARES | |||
Basic Shares Outstanding | 18.20M shares | 14.26M shares | |
Diluted Shares Outstanding |
Balance Sheet
Concept | 2013 Q3 | 2012 Q4 | 2012 Q3 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $49.60M | $31.40M | $35.10M |
YoY Change | 41.31% | 597.78% | |
Cash & Equivalents | $21.08M | $14.78M | $35.12M |
Short-Term Investments | $28.50M | $16.60M | |
Other Short-Term Assets | $800.0K | $600.0K | $500.0K |
YoY Change | 60.0% | ||
Inventory | |||
Prepaid Expenses | |||
Receivables | |||
Other Receivables | |||
Total Short-Term Assets | $50.41M | $31.97M | $35.58M |
YoY Change | 41.68% | 597.16% | |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $730.0K | $756.0K | $654.0K |
YoY Change | 11.62% | ||
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $88.00K | $93.00K | $93.00K |
YoY Change | -5.38% | ||
Total Long-Term Assets | $818.0K | $849.0K | $747.0K |
YoY Change | 9.5% | ||
TOTAL ASSETS | |||
Total Short-Term Assets | $50.41M | $31.97M | $35.58M |
Total Long-Term Assets | $818.0K | $849.0K | $747.0K |
Total Assets | $51.23M | $32.81M | $36.33M |
YoY Change | 41.01% | 615.68% | |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $791.0K | $875.0K | $1.069M |
YoY Change | -26.01% | 217.03% | |
Accrued Expenses | $1.365M | $1.211M | $845.0K |
YoY Change | 61.54% | 203.51% | |
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 | $2.156M | $2.086M | $1.914M |
YoY Change | 12.64% | 209.04% | |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Other Long-Term Liabilities | $65.00K | $7.000K | $0.00 |
YoY Change | -91.95% | ||
Total Long-Term Liabilities | $65.00K | $7.000K | $0.00 |
YoY Change | -91.95% | ||
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $2.156M | $2.086M | $1.914M |
Total Long-Term Liabilities | $65.00K | $7.000K | $0.00 |
Total Liabilities | $2.221M | $2.093M | $1.914M |
YoY Change | 16.04% | 174.67% | |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$34.18M | -$16.13M | -$11.94M |
YoY Change | 186.2% | 514.86% | |
Common Stock | $17.00K | $13.00K | $14.00K |
YoY Change | 21.43% | 550.0% | |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $49.00M | $30.72M | $34.41M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $51.20M | $32.81M | $36.33M |
YoY Change | 40.95% | 615.68% |
Cashflow Statement
Concept | 2013 Q3 | 2012 Q4 | 2012 Q3 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$6.891M | -$4.190M | -$3.118M |
YoY Change | 121.01% | 190.97% | 302.84% |
Depreciation, Depletion And Amortization | $70.00K | $40.00K | $30.00K |
YoY Change | 133.33% | ||
Cash From Operating Activities | -$4.190M | -$3.490M | -$2.930M |
YoY Change | 43.0% | 232.38% | 463.46% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $280.0K | $150.0K | $240.0K |
YoY Change | 16.67% | ||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | -$2.490M | -$16.70M | $0.00 |
YoY Change | |||
Cash From Investing Activities | -$2.760M | -$16.84M | -$250.0K |
YoY Change | 1004.0% | ||
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | -160.0K | -20.00K | 4.240M |
YoY Change | -103.77% | -30.49% | |
NET CHANGE | |||
Cash From Operating Activities | -4.190M | -3.490M | -2.930M |
Cash From Investing Activities | -2.760M | -16.84M | -250.0K |
Cash From Financing Activities | -160.0K | -20.00K | 4.240M |
Net Change In Cash | -7.110M | -20.35M | 1.060M |
YoY Change | -770.75% | 1838.1% | -81.0% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$4.190M | -$3.490M | -$2.930M |
Capital Expenditures | $280.0K | $150.0K | $240.0K |
Free Cash Flow | -$4.470M | -$3.640M | -$3.170M |
YoY Change | 41.01% | 246.67% | 509.62% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
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Current Fiscal Year End Date
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Additional Paid In Capital
AdditionalPaidInCapital
|
46848000 | USD |
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Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
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Short Term Investments
ShortTermInvestments
|
16615000 | USD |
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Prepaid Expense And Other Assets Current
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Assets Current
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Property Plant And Equipment Net
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756000 | USD |
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Other Assets Noncurrent
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93000 | USD |
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Common Stock Value
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13000 | USD |
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Cash And Cash Equivalents At Carrying Value
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Short Term Investments
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Prepaid Expense And Other Assets Current
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Assets Current
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Property Plant And Equipment Net
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Assets
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Investment Income Interest
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|
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Net Income Loss Available To Common Stockholders Basic
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Accrued Liabilities Current
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Accumulated Other Comprehensive Income Loss Net Of Tax
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Retained Earnings Accumulated Deficit
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Stockholders Equity
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Preferred Stock Shares Issued
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Research And Development Expense
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Research And Development Expense
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Increase Decrease In Restricted Cash
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|
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|
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Depreciation Depletion And Amortization
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Share Based Compensation
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Increase Decrease In Accounts Payable
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Increase Decrease In Accrued Liabilities And Other Operating Liabilities
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Increase Decrease In Accrued Liabilities And Other Operating Liabilities
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Increase Decrease In Accrued Liabilities And Other Operating Liabilities
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|
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Net Cash Provided By Used In Investing Activities Continuing Operations
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|
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Net Cash Provided By Used In Investing Activities Continuing Operations
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|
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Proceeds From Issuance Of Convertible Preferred Stock
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|
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Proceeds From Issuance Of Convertible Preferred Stock
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Proceeds From Issuance Of Common Stock
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Proceeds From Issuance Of Common Stock
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Proceeds From Issuance Of Common Stock
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|
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Net Cash Provided By Used In Financing Activities Continuing Operations
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Net Cash Provided By Used In Financing Activities Continuing Operations
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Net Cash Provided By Used In Financing Activities Continuing Operations
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|
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Other Than Temporary Impairment Losses Investments Availableforsale Securities
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|
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Net Cash Provided By Used In Continuing Operations
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Net Cash Provided By Used In Continuing Operations
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Net Cash Provided By Used In Continuing Operations
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|
21077000 | USD | |
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Conversion Of Stock Amount Converted1
ConversionOfStockAmountConverted1
|
41192000 | USD | |
CY2013Q3 | ovas |
Cash Resources Sufficient To Fund Current Operating Plan
CashResourcesSufficientToFundCurrentOperatingPlan
|
49600000 | USD |
us-gaap |
Use Of Estimates
UseOfEstimates
|
<div style="font-size:10.0pt;font-family:Times New Roman;"> <p style="MARGIN: 0in 0in 0pt;"><b><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold;" size="2">Use of estimates</font></b></p> <p style="MARGIN: 0in 0in 0pt;"> </p> <p style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt;"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt;" size="2">These condensed consolidated financial statements are presented in conformity with U.S. generally accepted accounting principles which require management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from such estimates.</font></p> </div> | ||
CY2013Q3 | us-gaap |
Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
|
21077000 | USD |
CY2012Q4 | ovas |
Cash And Money Market Funds Amortized Cost
CashAndMoneyMarketFundsAmortizedCost
|
14776000 | USD |
CY2012Q4 | ovas |
Cash And Money Market Funds Fair Value
CashAndMoneyMarketFundsFairValue
|
14776000 | USD |
CY2012Q4 | us-gaap |
Available For Sale Securities Amortized Cost
AvailableForSaleSecuritiesAmortizedCost
|
31397000 | USD |
CY2012Q4 | us-gaap |
Availableforsale Securities Gross Unrealized Gain
AvailableforsaleSecuritiesGrossUnrealizedGain
|
5000 | USD |
CY2012Q4 | us-gaap |
Available For Sale Securities Fair Value Disclosure
AvailableForSaleSecuritiesFairValueDisclosure
|
31391000 | USD |
CY2012Q4 | us-gaap |
Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
|
14776000 | USD |
CY2012Q4 | ovas |
Cash Cash Equivalents And Marketable Securities Amortized Cost
CashCashEquivalentsAndMarketableSecuritiesAmortizedCost
|
31397000 | USD |
CY2012Q4 | us-gaap |
Available For Sale Securities Gross Unrealized Losses1
AvailableForSaleSecuritiesGrossUnrealizedLosses1
|
11000 | USD |
CY2013Q3 | us-gaap |
Available For Sale Securities Gross Unrealized Losses1
AvailableForSaleSecuritiesGrossUnrealizedLosses1
|
6000 | USD |
us-gaap |
Number Of Operating Segments
NumberOfOperatingSegments
|
1 | item | |
ovas |
Number Of Geographic Segments
NumberOfGeographicSegments
|
1 | item | |
CY2013Q3 | ovas |
Fair Value Assets Level1 To Level2 Transfer Amount
FairValueAssetsLevel1ToLevel2TransferAmount
|
0 | USD |
ovas |
Fair Value Assets Level1 To Level2 Transfer Amount
FairValueAssetsLevel1ToLevel2TransferAmount
|
0 | USD | |
CY2013Q3 | ovas |
Fair Value Assets Level2 To Level1 Transfer Amount
FairValueAssetsLevel2ToLevel1TransferAmount
|
0 | USD |
ovas |
Fair Value Assets Level2 To Level1 Transfer Amount
FairValueAssetsLevel2ToLevel1TransferAmount
|
0 | USD | |
CY2013Q3 | ovas |
Fair Value Liabilities Level1 To Level2 Transfer Amount
FairValueLiabilitiesLevel1ToLevel2TransferAmount
|
0 | USD |
ovas |
Fair Value Liabilities Level1 To Level2 Transfer Amount
FairValueLiabilitiesLevel1ToLevel2TransferAmount
|
0 | USD | |
CY2013Q3 | ovas |
Fair Value Liabilities Level2 To Level1 Transfer Amount
FairValueLiabilitiesLevel2ToLevel1TransferAmount
|
0 | USD |
ovas |
Fair Value Liabilities Level2 To Level1 Transfer Amount
FairValueLiabilitiesLevel2ToLevel1TransferAmount
|
0 | USD | |
CY2013Q3 | ovas |
Cash And Money Market Funds Amortized Cost
CashAndMoneyMarketFundsAmortizedCost
|
21077000 | USD |
CY2013Q3 | ovas |
Cash And Money Market Funds Fair Value
CashAndMoneyMarketFundsFairValue
|
21077000 | USD |
CY2013Q3 | us-gaap |
Available For Sale Securities Amortized Cost
AvailableForSaleSecuritiesAmortizedCost
|
49563000 | USD |
CY2013Q3 | us-gaap |
Availableforsale Securities Gross Unrealized Gain
AvailableforsaleSecuritiesGrossUnrealizedGain
|
9000 | USD |
CY2012Q4 | ovas |
Cash Cash Equivalents And Marketable Securities Fair Value
CashCashEquivalentsAndMarketableSecuritiesFairValue
|
31391000 | USD |
CY2013Q3 | ovas |
Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Number Of Securities
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsNumberOfSecurities
|
13 | item |
ovas |
Available For Sale Securities Continuous Unrealized Loss Position Twelve Months Or Longer Number Of Securities
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerNumberOfSecurities
|
0 | item | |
CY2013Q3 | us-gaap |
Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue
|
14700000 | USD |
CY2013Q3 | us-gaap |
Other Than Temporary Impairment Losses Investments Availableforsale Securities
OtherThanTemporaryImpairmentLossesInvestmentsAvailableforsaleSecurities
|
0 | USD |
CY2013Q3 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
|
15900000 | USD |
CY2012Q3 | us-gaap |
Other Than Temporary Impairment Losses Investments Availableforsale Securities
OtherThanTemporaryImpairmentLossesInvestmentsAvailableforsaleSecurities
|
0 | USD |
us-gaap |
Other Than Temporary Impairment Losses Investments Availableforsale Securities
OtherThanTemporaryImpairmentLossesInvestmentsAvailableforsaleSecurities
|
0 | USD | |
us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
200000 | USD | |
CY2013Q3 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
200000 | USD |
ovas |
Development Stage Enterprise Product Revenues
DevelopmentStageEnterpriseProductRevenues
|
0 | USD | |
CY2013Q3 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
USD | |
CY2012Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
USD | |
us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
9000 | USD | |
CY2013Q3 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
29000 | USD |
us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
364000 | USD | |
us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
364000 | USD | |
CY2013Q3 | ovas |
Additional Share Based Compensation Expense With Respect To Modification Of Awards
AdditionalShareBasedCompensationExpenseWithRespectToModificationOfAwards
|
200000 | USD |
ovas |
Additional Share Based Compensation Expense With Respect To Modification Of Awards
AdditionalShareBasedCompensationExpenseWithRespectToModificationOfAwards
|
200000 | USD |