2015 Form 10-K Financial Statement
#000121465916010550 Filed on March 30, 2016
Income Statement
| Concept | 2015 | 2014 |
|---|---|---|
| Revenue | $220.0K | $124.6K |
| YoY Change | 76.57% | 3868.09% |
| Cost Of Revenue | $70.00K | $113.0K |
| YoY Change | -38.07% | 4070.63% |
| Gross Profit | $150.0K | $11.57K |
| YoY Change | 1196.01% | 2591.63% |
| Gross Profit Margin | 68.18% | 9.29% |
| Selling, General & Admin | $2.520M | $1.030M |
| YoY Change | 144.57% | 0.57% |
| % of Gross Profit | 1680.0% | 8902.36% |
| Research & Development | $2.413M | $10.59M |
| YoY Change | -77.22% | 1514.76% |
| % of Gross Profit | 1608.56% | 91500.53% |
| Depreciation & Amortization | $90.00K | $69.25K |
| YoY Change | 29.96% | 0.6% |
| % of Gross Profit | 60.0% | 598.35% |
| Operating Expenses | $2.413M | $13.58M |
| YoY Change | -82.23% | 16.62% |
| Operating Profit | -$2.263M | -$13.57M |
| YoY Change | -83.32% | 16.53% |
| Interest Expense | $2.610M | $199.4K |
| YoY Change | 1209.16% | 55.97% |
| % of Operating Profit | ||
| Other Income/Expense, Net | $5.647M | |
| YoY Change | -218.89% | |
| Pretax Income | -$2.300M | -$7.918M |
| YoY Change | -70.95% | -51.69% |
| Income Tax | $0.00 | |
| % Of Pretax Income | ||
| Net Earnings | -$2.300M | -$7.918M |
| YoY Change | -70.95% | -51.69% |
| Net Earnings / Revenue | -1045.45% | -6355.23% |
| Basic Earnings Per Share | -$0.03 | |
| Diluted Earnings Per Share | -$23.00M | -$0.03 |
| COMMON SHARES | ||
| Basic Shares Outstanding | 303.7M shares | |
| Diluted Shares Outstanding | 303.7M shares |
Balance Sheet
| Concept | 2015 | 2014 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $0.00 | $60.00K |
| YoY Change | -100.0% | -95.35% |
| Cash & Equivalents | $0.00 | $60.00K |
| Short-Term Investments | ||
| Other Short-Term Assets | $0.00 | $180.0K |
| YoY Change | -100.0% | -5.26% |
| Inventory | $30.00K | $100.0K |
| Prepaid Expenses | ||
| Receivables | $0.00 | |
| Other Receivables | $0.00 | |
| Total Short-Term Assets | $30.00K | $340.0K |
| YoY Change | -91.18% | -77.48% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $10.00K | $70.00K |
| YoY Change | -85.71% | -50.0% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | $40.00K | $40.00K |
| YoY Change | 0.0% | 0.0% |
| Total Long-Term Assets | $310.0K | $220.0K |
| YoY Change | 40.91% | -29.03% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $30.00K | $340.0K |
| Total Long-Term Assets | $310.0K | $220.0K |
| Total Assets | $340.0K | $560.0K |
| YoY Change | -39.29% | -69.23% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $650.0K | $5.220M |
| YoY Change | -87.55% | 1531.25% |
| Accrued Expenses | $40.00K | |
| YoY Change | 100.0% | |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $230.0K |
| YoY Change | -100.0% | |
| Long-Term Debt Due | $50.00K | $690.0K |
| YoY Change | -92.75% | 1280.0% |
| Total Short-Term Liabilities | $2.510M | $6.200M |
| YoY Change | -59.52% | 425.42% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $0.00 | $0.00 |
| YoY Change | -100.0% | |
| Other Long-Term Liabilities | $6.480M | |
| YoY Change | 2.86% | |
| Total Long-Term Liabilities | $0.00 | $6.480M |
| YoY Change | -100.0% | -2.26% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $2.510M | $6.200M |
| Total Long-Term Liabilities | $0.00 | $6.480M |
| Total Liabilities | $2.510M | $12.69M |
| YoY Change | -80.22% | 62.48% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | ||
| YoY Change | ||
| Common Stock | ||
| YoY Change | ||
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | -$2.170M | -$12.13M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $340.0K | $560.0K |
| YoY Change | -39.29% | -69.23% |
Cashflow Statement
| Concept | 2015 | 2014 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$2.300M | -$7.918M |
| YoY Change | -70.95% | -51.69% |
| Depreciation, Depletion And Amortization | $90.00K | $69.25K |
| YoY Change | 29.96% | 0.6% |
| Cash From Operating Activities | -$1.500M | -$2.020M |
| YoY Change | -25.74% | -27.6% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | $0.00 | $0.00 |
| YoY Change | -100.0% | |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | ||
| YoY Change | ||
| Cash From Investing Activities | $0.00 | $0.00 |
| YoY Change | -100.0% | |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | 1.440M | 800.0K |
| YoY Change | 80.0% | -27.93% |
| NET CHANGE | ||
| Cash From Operating Activities | -1.500M | -2.020M |
| Cash From Investing Activities | 0.000 | 0.000 |
| Cash From Financing Activities | 1.440M | 800.0K |
| Net Change In Cash | -60.00K | -1.220M |
| YoY Change | -95.08% | -28.65% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | -$1.500M | -$2.020M |
| Capital Expenditures | $0.00 | $0.00 |
| Free Cash Flow | -$1.500M | -$2.020M |
| YoY Change | -25.74% | -27.87% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2015 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
2412833 | USD |
| CY2014 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
10590271 | USD |
| CY2015Q4 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Equity Instruments Other Than Options Aggregate Intrinsic Value Outstanding
SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueOutstanding
|
413000 | USD |
| CY2015Q4 | vrme |
Sharebased Compensation Arrangement By Sharebased Payment Award Other Than Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOtherThanOptionsExercisableIntrinsicValue1
|
USD | |
| CY2015Q4 | vrme |
Sharebased Compensation Arrangement By Sharebased Payment Award Other Than Options Exercisable And Expected To Vest Intrinsic Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOtherThanOptionsExercisableAndExpectedToVestIntrinsicValue
|
413000 | USD |
| CY2015 | us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
197430 | USD |
| CY2014 | us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
218443 | USD |
| CY2015 | vrme |
Payroll Expenses
PayrollExpenses
|
1875488 | USD |
| CY2014 | vrme |
Payroll Expenses
PayrollExpenses
|
1611376 | USD |
