2013 Q3 Form 10-Q Financial Statement

#000110465913084216 Filed on November 13, 2013

View on sec.gov

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

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<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;">&#160;</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>
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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

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