2016 Q3 Form 10-Q Financial Statement
#000119312516682053 Filed on August 15, 2016
Income Statement
Concept | 2016 Q3 | 2016 Q2 | 2015 Q2 |
---|---|---|---|
Revenue | $392.0K | $417.0K | $126.0K |
YoY Change | 230.95% | ||
Cost Of Revenue | |||
YoY Change | |||
Gross Profit | |||
YoY Change | |||
Gross Profit Margin | |||
Selling, General & Admin | $3.940M | $3.650M | $1.910M |
YoY Change | 37.76% | 91.1% | |
% of Gross Profit | |||
Research & Development | $13.69M | $8.401M | $1.850M |
YoY Change | 541.93% | 354.11% | |
% of Gross Profit | |||
Depreciation & Amortization | $190.0K | $190.0K | $90.00K |
YoY Change | -32.14% | 111.11% | -10.0% |
% of Gross Profit | |||
Operating Expenses | $17.63M | $12.06M | $3.755M |
YoY Change | 253.21% | 221.04% | 190.63% |
Operating Profit | -$17.23M | -$11.64M | -$3.629M |
YoY Change | 245.35% | 220.69% | |
Interest Expense | $106.0K | -$15.00K | |
YoY Change | -806.67% | ||
% of Operating Profit | |||
Other Income/Expense, Net | $80.00K | $121.0K | -$22.00K |
YoY Change | -41.61% | -650.0% | |
Pretax Income | -$17.15M | -$11.52M | -$3.651M |
YoY Change | 253.41% | 215.45% | |
Income Tax | $384.0K | $48.00K | $49.00K |
% Of Pretax Income | |||
Net Earnings | -$17.54M | -$11.57M | -$3.700M |
YoY Change | 255.25% | 212.57% | 115.49% |
Net Earnings / Revenue | -4473.21% | -2773.38% | -2936.51% |
Basic Earnings Per Share | |||
Diluted Earnings Per Share | -$748.0K | -$509.5K | -$176.8K |
COMMON SHARES | |||
Basic Shares Outstanding | 23.44M shares | 23.43M shares | |
Diluted Shares Outstanding |
Balance Sheet
Concept | 2016 Q3 | 2016 Q2 | 2015 Q2 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $169.0M | $181.8M | $7.800M |
YoY Change | 156.06% | 2230.77% | |
Cash & Equivalents | $169.0M | $181.8M | $7.779M |
Short-Term Investments | |||
Other Short-Term Assets | $600.0K | $2.200M | $800.0K |
YoY Change | -68.42% | 175.0% | |
Inventory | |||
Prepaid Expenses | |||
Receivables | $2.500M | $0.00 | |
Other Receivables | $0.00 | $0.00 | |
Total Short-Term Assets | $172.1M | $183.9M | $8.600M |
YoY Change | 153.2% | 2038.85% | |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $6.693M | $5.093M | $1.800M |
YoY Change | 242.53% | 182.94% | |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $1.100M | $1.300M | $1.100M |
YoY Change | 0.0% | 18.18% | |
Total Long-Term Assets | $7.833M | $6.397M | $3.000M |
YoY Change | 160.32% | 113.23% | |
TOTAL ASSETS | |||
Total Short-Term Assets | $172.1M | $183.9M | $8.600M |
Total Long-Term Assets | $7.833M | $6.397M | $3.000M |
Total Assets | $180.0M | $190.3M | $11.60M |
YoY Change | 153.5% | 1540.84% | |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $3.825M | $3.899M | $2.100M |
YoY Change | 33.04% | 85.67% | |
Accrued Expenses | $4.800M | $2.200M | $200.0K |
YoY Change | 4700.0% | 1000.0% | |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | $100.0K | $100.0K | $100.0K |
YoY Change | 0.0% | 0.0% | |
Total Short-Term Liabilities | $11.43M | $8.647M | $2.500M |
YoY Change | 228.87% | 245.88% | |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | $100.0K |
YoY Change | -100.0% | -100.0% | |
Other Long-Term Liabilities | $522.0K | $409.0K | $0.00 |
YoY Change | 1583.87% | ||
Total Long-Term Liabilities | $9.540M | $7.539M | $100.0K |
YoY Change | 7532.0% | 7439.0% | |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $11.43M | $8.647M | $2.500M |
Total Long-Term Liabilities | $9.540M | $7.539M | $100.0K |
Total Liabilities | $20.97M | $16.19M | $2.600M |
YoY Change | 482.52% | 522.54% | |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$72.02M | -$54.49M | |
YoY Change | 157.44% | ||
Common Stock | $215.5M | $215.4M | |
YoY Change | 860.1% | ||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $151.1M | $166.3M | $9.000M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $180.0M | $190.3M | $11.60M |
YoY Change | 153.5% | 1540.84% |
Cashflow Statement
Concept | 2016 Q3 | 2016 Q2 | 2015 Q2 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$17.54M | -$11.57M | -$3.700M |
YoY Change | 255.25% | 212.57% | 115.49% |
Depreciation, Depletion And Amortization | $190.0K | $190.0K | $90.00K |
YoY Change | -32.14% | 111.11% | -10.0% |
Cash From Operating Activities | -$11.83M | $390.0K | -$1.390M |
YoY Change | 315.09% | -128.06% | -30.5% |
INVESTING ACTIVITIES | |||
Capital Expenditures | -$1.280M | -$870.0K | -$360.0K |
YoY Change | 150.98% | 141.67% | -30.77% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $0.00 | $0.00 | -$990.0K |
YoY Change | -100.0% | -419.35% | |
Cash From Investing Activities | -$1.270M | -$870.0K | -$1.360M |
YoY Change | 149.02% | -36.03% | 547.62% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 190.0K | 28.94M | 20.00K |
YoY Change | -99.69% | 144600.0% | -99.64% |
NET CHANGE | |||
Cash From Operating Activities | -11.83M | 390.0K | -1.390M |
Cash From Investing Activities | -1.270M | -870.0K | -1.360M |
Cash From Financing Activities | 190.0K | 28.94M | 20.00K |
Net Change In Cash | -12.91M | 28.46M | -2.730M |
YoY Change | -122.32% | -1142.49% | -180.06% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$11.83M | $390.0K | -$1.390M |
Capital Expenditures | -$1.280M | -$870.0K | -$360.0K |
Free Cash Flow | -$10.55M | $1.260M | -$1.030M |
YoY Change | 350.85% | -222.33% | -30.41% |
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RepaymentsOfLongTermCapitalLeaseObligations
|
31000 | ||
CY2015Q2 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.40 | |
CY2015Q2 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
646000 | |
CY2015Q2 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
1905000 | |
CY2015Q2 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-3694000 | |
CY2015Q2 | us-gaap |
Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
|
-15000 | |
CY2015Q2 | us-gaap |
Revenues
Revenues
|
126000 | |
CY2015Q2 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-22000 | |
CY2015Q2 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-7000 | |
CY2015Q2 | us-gaap |
Operating Expenses
OperatingExpenses
|
3755000 | |
CY2015Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-3700000 | |
CY2015Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-3651000 | |
CY2015Q2 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
6000 | |
CY2015Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-3629000 | |
CY2015Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
49000 | |
CY2015Q2 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
1850000 | |
CY2015Q2 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
9223405 | shares |
CY2016Q2 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.51 | |
CY2016Q2 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
1270000 | |
CY2016Q2 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
3654000 | |
CY2016Q2 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-11541000 | |
CY2016Q2 | us-gaap |
Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
|
106000 | |
CY2016Q2 | us-gaap |
Revenues
Revenues
|
417000 | |
CY2016Q2 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
121000 | |
CY2016Q2 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
15000 | |
CY2016Q2 | us-gaap |
Operating Expenses
OperatingExpenses
|
12055000 | |
CY2016Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-11565000 | |
CY2016Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-11517000 | |
CY2016Q2 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
24000 | |
CY2016Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-11638000 | |
CY2016Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
48000 | |
CY2016Q2 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
8401000 | |
CY2016Q2 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
22708022 | shares |