$VTNRQ

2016 Q2 Form 10-Q Financial Statement

#000162828016018868 Filed on August 11, 2016

View on sec.gov

Income Statement

Concept 2016 Q2 2015 Q2
Revenue $24.43M $49.12M
YoY Change -50.27% -31.85%
Cost Of Revenue $19.17M $43.64M
YoY Change -56.07% -31.65%
Gross Profit $5.260M $5.485M
YoY Change -4.09% -33.4%
Gross Profit Margin 21.53% 11.17%
Selling, General & Admin $6.268M $7.203M
YoY Change -12.97% -2.55%
% of Gross Profit 119.17% 131.32%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.570M $1.560M
YoY Change 0.64% 45.79%
% of Gross Profit 29.85% 28.44%
Operating Expenses $6.268M $7.203M
YoY Change -12.97% -2.55%
Operating Profit -$1.008M -$1.718M
YoY Change -41.32% -303.62%
Interest Expense $406.0K $557.0K
YoY Change -27.1% -15.25%
% of Operating Profit
Other Income/Expense, Net $924.1K $1.273M
YoY Change -27.4% -78.1%
Pretax Income -$84.09K -$445.2K
YoY Change -81.11% -106.69%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$42.66K -$445.2K
YoY Change -90.42% -106.36%
Net Earnings / Revenue -0.17% -0.91%
Basic Earnings Per Share -$0.21 -$0.02
Diluted Earnings Per Share -$0.21 -$0.02
COMMON SHARES
Basic Shares Outstanding 29.77M shares 28.13M shares
Diluted Shares Outstanding 29.77M shares 28.13M shares

Balance Sheet

Concept 2016 Q2 2015 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $4.000M $5.700M
YoY Change -29.82% -71.07%
Cash & Equivalents $3.974M $5.718M
Short-Term Investments
Other Short-Term Assets $2.600M $2.800M
YoY Change -7.14% -20.0%
Inventory $3.773M $9.088M
Prepaid Expenses $1.137M $2.803M
Receivables $7.363M $13.03M
Other Receivables $0.00 $0.00
Total Short-Term Assets $17.75M $31.64M
YoY Change -43.91% -49.68%
LONG-TERM ASSETS
Property, Plant & Equipment $53.05M $55.29M
YoY Change -4.06% 18.34%
Goodwill $4.922M
YoY Change 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $482.7K $481.5K
YoY Change 0.27% -83.54%
Total Long-Term Assets $69.62M $88.59M
YoY Change -21.41% 15.06%
TOTAL ASSETS
Total Short-Term Assets $17.75M $31.64M
Total Long-Term Assets $69.62M $88.59M
Total Assets $87.37M $120.2M
YoY Change -27.33% -14.04%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $6.700M $21.10M
YoY Change -68.25% -18.85%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $2.200M $1.800M
YoY Change 22.22%
Long-Term Debt Due $8.759M $4.388M
YoY Change 99.62% 81.52%
Total Short-Term Liabilities $18.43M $28.28M
YoY Change -34.83% -3.25%
LONG-TERM LIABILITIES
Long-Term Debt $3.563M $22.56M
YoY Change -84.2% -43.85%
Other Long-Term Liabilities $4.800M $11.30M
YoY Change -57.52% 109.26%
Total Long-Term Liabilities $3.563M $22.56M
YoY Change -84.2% -43.85%
TOTAL LIABILITIES
Total Short-Term Liabilities $18.43M $28.28M
Total Long-Term Liabilities $3.563M $22.56M
Total Liabilities $26.75M $62.12M
YoY Change -56.94% -17.7%
SHAREHOLDERS EQUITY
Retained Earnings -$20.60M -$5.416M
YoY Change 280.41% -121.32%
Common Stock $29.77K $28.18K
YoY Change 5.62% 12.64%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $39.27M $47.32M
YoY Change
Total Liabilities & Shareholders Equity $87.37M $120.2M
YoY Change -27.31% -14.07%

Cashflow Statement

Concept 2016 Q2 2015 Q2
OPERATING ACTIVITIES
Net Income -$42.66K -$445.2K
YoY Change -90.42% -106.36%
Depreciation, Depletion And Amortization $1.570M $1.560M
YoY Change 0.64% 45.79%
Cash From Operating Activities -$4.780M -$5.090M
YoY Change -6.09% -2413.64%
INVESTING ACTIVITIES
Capital Expenditures -$1.090M -$890.0K
YoY Change 22.47% -52.15%
Acquisitions
YoY Change
Other Investing Activities -$10.00K -$500.0K
YoY Change -98.0% -98.26%
Cash From Investing Activities -$1.100M -$1.380M
YoY Change -20.29% -95.49%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 8.070M 8.510M
YoY Change -5.17% -81.1%
NET CHANGE
Cash From Operating Activities -4.780M -5.090M
Cash From Investing Activities -1.100M -1.380M
Cash From Financing Activities 8.070M 8.510M
Net Change In Cash 2.190M 2.040M
YoY Change 7.35% -86.06%
FREE CASH FLOW
Cash From Operating Activities -$4.780M -$5.090M
Capital Expenditures -$1.090M -$890.0K
Free Cash Flow -$3.690M -$4.200M
YoY Change -12.14% -301.92%

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CY2015Q2 vtnr Gainon Dispositionof Assets
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vtnr Options To Purchase
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vtnr Payments Relatedtothe Saleof Productive Assets
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UnitPurchaseAgreementLiquidatedDamagesPercentageofAggregateSubscriptionAmountMaximum
0.06
CY2015Q2 vtnr Unit Purchase Agreement Numberof Shares Per Unit
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CY2015Q2 vtnr Unit Purchase Agreement Numberof Units Sold
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CY2016Q2 vtnr Unit Purchase Agreement Numberof Warrantsper Unit
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CY2015Q2 vtnr Unit Purchase Agreement Premium Over Closing Stock Price Percentage
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CY2016Q2 vtnr Unit Purchase Agreement Premium Over Closing Stock Price Percentage
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CY2015Q2 vtnr Unit Purchase Agreement Priceper Unit
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CY2015Q2 vtnr Warrants Issued Black Scholes Model Value
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vtnr Warrants Issuedfor Preferred Stock Fair Value
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4756900 USD
vtnr Warrants To Purchase
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4252135 shares

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