2013 Q3 Form 10-Q Financial Statement

#000104746913008394 Filed on August 13, 2013

View on sec.gov

Income Statement

Concept 2013 Q3 2013 Q2 2012 Q2
Revenue $0.00 $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $3.860M $4.240M $2.210M
YoY Change 67.83% 91.86% 190.79%
% of Gross Profit
Research & Development $6.789M $6.045M $4.683M
YoY Change -16.52% 29.08% 171.32%
% of Gross Profit
Depreciation & Amortization $60.00K $50.00K $40.00K
YoY Change 0.0% 25.0% 300.0%
% of Gross Profit
Operating Expenses $10.64M $10.28M $6.896M
YoY Change 2.05% 49.13% 177.51%
Operating Profit -$10.64M -$10.28M -$6.896M
YoY Change 2.05% 49.13% 177.51%
Interest Expense $50.00K $30.00K $70.00K
YoY Change -16.67% -57.14%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$10.59M -$10.25M -$6.830M
YoY Change 2.12% 50.07% 174.3%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$10.59M -$10.25M -$6.825M
YoY Change 2.16% 50.18% 174.65%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share -$471.9K -$494.5K -$343.9K
COMMON SHARES
Basic Shares Outstanding 25.59M shares 21.29M shares 21.06M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2013 Q3 2013 Q2 2012 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $99.90M $57.50M $38.70M
YoY Change 113.01% 48.58%
Cash & Equivalents $22.64M $13.88M $15.75M
Short-Term Investments $77.30M $43.60M $22.90M
Other Short-Term Assets $1.100M $800.0K $400.0K
YoY Change 266.67% 100.0%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $101.0M $58.29M $39.20M
YoY Change 113.63% 48.7%
LONG-TERM ASSETS
Property, Plant & Equipment $674.0K $730.0K $800.0K
YoY Change -23.76% -8.75%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $30.30M $20.60M $65.60M
YoY Change -40.12% -68.6%
Other Assets $322.0K $295.0K $100.0K
YoY Change 222.0% 195.0%
Total Long-Term Assets $31.42M $21.67M $66.50M
YoY Change -39.04% -67.42%
TOTAL ASSETS
Total Short-Term Assets $101.0M $58.29M $39.20M
Total Long-Term Assets $31.42M $21.67M $66.50M
Total Assets $132.4M $79.96M $105.7M
YoY Change 34.0% -24.35%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.836M $2.034M $2.500M
YoY Change 5.7% -18.64%
Accrued Expenses $3.457M $2.354M $763.0K
YoY Change 144.83% 208.52%
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 $5.706M $5.238M $3.200M
YoY Change 81.2% 63.69%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $18.00K $0.00 $100.0K
YoY Change -82.0% -100.0%
Total Long-Term Liabilities $18.00K $0.00 $100.0K
YoY Change -82.0% -100.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $5.706M $5.238M $3.200M
Total Long-Term Liabilities $18.00K $0.00 $100.0K
Total Liabilities $5.724M $5.300M $3.300M
YoY Change 78.88% 60.61%
SHAREHOLDERS EQUITY
Retained Earnings -$76.33M -$65.74M
YoY Change 98.1%
Common Stock $3.000K $2.000K
YoY Change 50.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $126.7M $74.69M $102.4M
YoY Change
Total Liabilities & Shareholders Equity $132.4M $79.96M $105.7M
YoY Change 34.0% -24.35%

Cashflow Statement

Concept 2013 Q3 2013 Q2 2012 Q2
OPERATING ACTIVITIES
Net Income -$10.59M -$10.25M -$6.825M
YoY Change 2.16% 50.18% 174.65%
Depreciation, Depletion And Amortization $60.00K $50.00K $40.00K
YoY Change 0.0% 25.0% 300.0%
Cash From Operating Activities -$7.100M -$6.320M -$5.040M
YoY Change 5.34% 25.4% 3050.0%
INVESTING ACTIVITIES
Capital Expenditures -$10.00K -$30.00K -$40.00K
YoY Change -93.33% -25.0% -89.74%
Acquisitions
YoY Change
Other Investing Activities -$43.42M -$7.980M -$4.630M
YoY Change -2021.24% 72.35% 5044.44%
Cash From Investing Activities -$43.43M -$8.010M -$4.670M
YoY Change -2158.29% 71.52% 893.62%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 59.29M -30.00K 0.000
YoY Change -100.0%
NET CHANGE
Cash From Operating Activities -7.100M -6.320M -5.040M
Cash From Investing Activities -43.43M -8.010M -4.670M
Cash From Financing Activities 59.29M -30.00K 0.000
Net Change In Cash 8.760M -14.36M -9.710M
YoY Change -289.2% 47.89% -184.88%
FREE CASH FLOW
Cash From Operating Activities -$7.100M -$6.320M -$5.040M
Capital Expenditures -$10.00K -$30.00K -$40.00K
Free Cash Flow -$7.090M -$6.290M -$5.000M
YoY Change 7.59% 25.8% -2273.91%

Facts In Submission

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us-gaap Stock Issued During Period Value Conversion Of Convertible Securities Net Of Adjustments
StockIssuedDuringPeriodValueConversionOfConvertibleSecuritiesNetOfAdjustments
68148000 USD
us-gaap Stock Issued During Period Value Conversion Of Convertible Securities Net Of Adjustments
StockIssuedDuringPeriodValueConversionOfConvertibleSecuritiesNetOfAdjustments
68148000 USD
us-gaap Stock Issued1
StockIssued1
837000 USD
us-gaap Stock Issued1
StockIssued1
837000 USD
CY2011Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
20954000 USD
CY2012Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
15751000 USD
CY2013Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
295000 USD
us-gaap Temporary Equity Accretion To Redemption Value Adjustment
TemporaryEquityAccretionToRedemptionValueAdjustment
6000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
31000 USD

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