2016 Q4 Form 10-Q Financial Statement

#000156459016028979 Filed on November 10, 2016

View on sec.gov

Income Statement

Concept 2016 Q4 2015 Q3
Revenue $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $1.090M $1.780M
YoY Change -22.14% 394.44%
% of Gross Profit
Research & Development $2.650M $2.508M
YoY Change -17.7% 217.41%
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $3.740M $4.288M
YoY Change -19.05% 272.89%
Operating Profit -$4.288M
YoY Change
Interest Expense -$530.0K -$10.31K
YoY Change 112.0% -58.81%
% of Operating Profit
Other Income/Expense, Net $620.0K -$448.3K
YoY Change -381.82% -150.53%
Pretax Income -$3.640M -$4.740M
YoY Change -28.49% 1723.08%
Income Tax
% Of Pretax Income
Net Earnings -$3.640M -$4.737M
YoY Change -28.49% 1709.22%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share -$182.4K -$529.6K
COMMON SHARES
Basic Shares Outstanding 20.17M 9.783M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2016 Q4 2015 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $13.20M $17.50M
YoY Change -6.38%
Cash & Equivalents $3.076M $2.140M
Short-Term Investments $10.10M $15.30M
Other Short-Term Assets $800.0K $1.400M
YoY Change -27.27%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $13.97M $18.93M
YoY Change -8.07%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $600.0K $80.00K
YoY Change 200.0%
Total Long-Term Assets $560.9K $80.00K
YoY Change 136.2%
TOTAL ASSETS
Total Short-Term Assets $13.97M $18.93M
Total Long-Term Assets $560.9K $80.00K
Total Assets $14.54M $19.01M
YoY Change -5.85%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.204M $401.7K
YoY Change 103.22%
Accrued Expenses $1.300M $1.300M
YoY Change -7.14%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $3.300M $1.900M
YoY Change
Total Short-Term Liabilities $6.477M $5.723M
YoY Change 227.63%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change -100.0%
Other Long-Term Liabilities $0.00 $0.00
YoY Change -100.0%
Total Long-Term Liabilities $16.31K $19.15K
YoY Change -99.66%
TOTAL LIABILITIES
Total Short-Term Liabilities $6.477M $5.723M
Total Long-Term Liabilities $16.31K $19.15K
Total Liabilities $6.493M $5.742M
YoY Change -3.3%
SHAREHOLDERS EQUITY
Retained Earnings -$60.28M -$40.45M
YoY Change 32.35%
Common Stock $68.33M $53.73M
YoY Change 25.88%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $8.043M $13.27M
YoY Change
Total Liabilities & Shareholders Equity $14.54M $19.01M
YoY Change -5.85%

Cashflow Statement

Concept 2016 Q4 2015 Q3
OPERATING ACTIVITIES
Net Income -$3.640M -$4.737M
YoY Change -28.49% 1709.22%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities -$2.460M -$3.400M
YoY Change -25.45% 457.38%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $1.450M -$3.260M
YoY Change -26.02%
Cash From Investing Activities $1.450M -$3.260M
YoY Change -26.02%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.040M -710.0K
YoY Change -3566.67% -236.54%
NET CHANGE
Cash From Operating Activities -2.460M -3.400M
Cash From Investing Activities 1.450M -3.260M
Cash From Financing Activities 1.040M -710.0K
Net Change In Cash 30.00K -7.370M
YoY Change -102.19% 8088.89%
FREE CASH FLOW
Cash From Operating Activities -$2.460M -$3.400M
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
dei Entity Filer Category
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vktx Description Of Warrant
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The warrant is exercisable for cash or on a cashless basis at a per share exercise price equal to $10.00 commencing on April 28, 2016, one year following the date of the prospectus filed with the SEC relating to the IPO, and expiring on April 28, 2020. The warrant also provides for registration rights upon request, under certain circumstances. The piggyback registration right provided in connection with the warrant will terminate on April 28, 2022.
vktx Warrant Expiration Date
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2022-04-28
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2020-04-28
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CY2016Q3 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
247611
CY2016Q3 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
190337
CY2016Q3 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
437948

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