2014 Q1 Form 10-Q Financial Statement

#000110465914039162 Filed on May 15, 2014

View on sec.gov

Income Statement

Concept 2014 Q1 2013 Q1
Revenue $613.0K $1.251M
YoY Change -51.0% -96.82%
Cost Of Revenue $166.0K $557.0K
YoY Change -70.2% 912.73%
Gross Profit $447.0K $694.0K
YoY Change -35.59% -98.23%
Gross Profit Margin 72.92% 55.48%
Selling, General & Admin $3.132M $3.312M
YoY Change -5.43% -16.78%
% of Gross Profit 700.67% 477.23%
Research & Development $4.810M $4.860M
YoY Change -1.03% -19.67%
% of Gross Profit 1076.06% 700.29%
Depreciation & Amortization $191.0K $295.0K
YoY Change -35.25% -22.16%
% of Gross Profit 42.73% 42.51%
Operating Expenses $3.132M $3.312M
YoY Change -5.43% -66.95%
Operating Profit -$7.491M -$6.731M
YoY Change 11.29% -123.35%
Interest Expense $5.000K $10.00K
YoY Change -50.0% -41.18%
% of Operating Profit
Other Income/Expense, Net $6.000K $22.00K
YoY Change -72.73%
Pretax Income -$7.490M -$6.760M
YoY Change 10.8% -123.44%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$8.154M -$6.760M
YoY Change 20.62% -123.44%
Net Earnings / Revenue -1330.18% -540.37%
Basic Earnings Per Share -$0.23 -$0.20
Diluted Earnings Per Share -$0.23 -$0.20
COMMON SHARES
Basic Shares Outstanding 34.81M shares 34.35M shares
Diluted Shares Outstanding 34.81M shares 34.35M shares

Balance Sheet

Concept 2014 Q1 2013 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $10.40M $37.70M
YoY Change -72.41% -42.88%
Cash & Equivalents $3.606M $20.51M
Short-Term Investments $6.800M $17.20M
Other Short-Term Assets $1.100M $700.0K
YoY Change 57.14% 0.0%
Inventory $3.756M $3.624M
Prepaid Expenses
Receivables $446.0K $777.0K
Other Receivables $0.00 $0.00
Total Short-Term Assets $16.01M $43.75M
YoY Change -63.4% -37.85%
LONG-TERM ASSETS
Property, Plant & Equipment $456.0K $1.120M
YoY Change -59.29% -44.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $0.00
YoY Change
Other Assets $95.00K $95.00K
YoY Change 0.0% -86.43%
Total Long-Term Assets $1.414M $1.809M
YoY Change -21.84% -33.0%
TOTAL ASSETS
Total Short-Term Assets $16.01M $43.75M
Total Long-Term Assets $1.414M $1.809M
Total Assets $17.43M $45.56M
YoY Change -61.75% -37.67%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $505.0K $92.00K
YoY Change 448.91% -54.0%
Accrued Expenses $2.616M $2.679M
YoY Change -2.35% -0.78%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $3.905M $3.908M
YoY Change -0.08% 18.42%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $148.0K $134.0K
YoY Change 10.45% -55.33%
Total Long-Term Liabilities $148.0K $134.0K
YoY Change 10.45% -55.33%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.905M $3.908M
Total Long-Term Liabilities $148.0K $134.0K
Total Liabilities $4.053M $4.056M
YoY Change -0.07% 12.67%
SHAREHOLDERS EQUITY
Retained Earnings -$280.7M -$248.8M
YoY Change 12.82%
Common Stock $349.0K $290.3M
YoY Change -99.88%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $13.38M $41.51M
YoY Change
Total Liabilities & Shareholders Equity $17.43M $45.56M
YoY Change -61.75% -37.67%

Cashflow Statement

Concept 2014 Q1 2013 Q1
OPERATING ACTIVITIES
Net Income -$8.154M -$6.760M
YoY Change 20.62% -123.44%
Depreciation, Depletion And Amortization $191.0K $295.0K
YoY Change -35.25% -22.16%
Cash From Operating Activities -$8.965M -$8.500M
YoY Change 5.47% -30.67%
INVESTING ACTIVITIES
Capital Expenditures $100.0K $64.00K
YoY Change 56.25% -56.76%
Acquisitions
YoY Change
Other Investing Activities $4.700M $14.51M
YoY Change -67.61% 1915.28%
Cash From Investing Activities $4.600M $14.44M
YoY Change -68.14% 2433.33%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 300.0K 10.00K
YoY Change 2900.0% 0.0%
NET CHANGE
Cash From Operating Activities -$8.965M -8.500M
Cash From Investing Activities 4.600M 14.44M
Cash From Financing Activities 300.0K 10.00K
Net Change In Cash -$8.965M 5.950M
YoY Change -250.67% -150.94%
FREE CASH FLOW
Cash From Operating Activities -$8.965M -$8.500M
Capital Expenditures $100.0K $64.00K
Free Cash Flow -$9.065M -$8.564M
YoY Change 5.85% -30.98%

Facts In Submission

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CY2014Q1 us-gaap Inventory Raw Materials Net Of Reserves
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929000 USD
CY2014Q1 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
2000 USD
CY2014Q1 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
2825000 USD
CY2013Q4 us-gaap Deferred Revenue
DeferredRevenue
476000 USD
CY2014Q1 us-gaap Deferred Revenue
DeferredRevenue
413000 USD
CY2013Q4 us-gaap Available For Sale Securities Amortized Cost
AvailableForSaleSecuritiesAmortizedCost
11510000 USD
CY2014Q1 us-gaap Available For Sale Securities Amortized Cost
AvailableForSaleSecuritiesAmortizedCost
6811000 USD
CY2013Q4 us-gaap Availableforsale Securities Gross Unrealized Gain
AvailableforsaleSecuritiesGrossUnrealizedGain
1000 USD
CY2014Q1 us-gaap Availableforsale Securities Gross Unrealized Gain
AvailableforsaleSecuritiesGrossUnrealizedGain
1000 USD
CY2013Q4 us-gaap Available For Sale Securities Fair Value Disclosure
AvailableForSaleSecuritiesFairValueDisclosure
11511000 USD
CY2014Q1 us-gaap Available For Sale Securities Fair Value Disclosure
AvailableForSaleSecuritiesFairValueDisclosure
6812000 USD
CY2013 mblx Available For Sale Securities Average Maturity
AvailableForSaleSecuritiesAverageMaturity
P2M
CY2014Q1 mblx Available For Sale Securities Average Maturity
AvailableForSaleSecuritiesAverageMaturity
P2M
CY2013Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
2595000 USD
CY2013Q4 mblx Accrued Commercial Manufacturing Current
AccruedCommercialManufacturingCurrent
815000 USD
CY2013Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
578000 USD
CY2013Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
904000 USD
CY2014Q1 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
1573000 USD
CY2014Q1 mblx Accrued Commercial Manufacturing Current
AccruedCommercialManufacturingCurrent
138000 USD
CY2014Q1 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
370000 USD
CY2014Q1 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
535000 USD
CY2014Q1 us-gaap Segment Reporting Information Revenue
SegmentReportingInformationRevenue
1069000 USD
CY2013Q1 us-gaap Segment Reporting Information Revenue
SegmentReportingInformationRevenue
1943000 USD
CY2014Q1 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 item
CY2014Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 USD
CY2013Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 USD
CY2014Q1 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
0 USD
CY2013Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
0 USD
CY2014Q1 mblx Maximum Period To Audit For Loss
MaximumPeriodToAuditForLoss
P3Y
CY2013Q4 mblx Operating Loss Carryforwards Attributable To Deduction Related To Exercise Of Stock Options
OperatingLossCarryforwardsAttributableToDeductionRelatedToExerciseOfStockOptions
19213000 USD
CY2014Q1 mblx Provision For Income Taxes For Undistributed Earnings Of Foreign Subsidiaries
ProvisionForIncomeTaxesForUndistributedEarningsOfForeignSubsidiaries
0 USD
CY2014Q1 us-gaap Deferred Tax Liabilities Undistributed Foreign Earnings
DeferredTaxLiabilitiesUndistributedForeignEarnings
0 USD
CY2012Q4 us-gaap Undistributed Earnings Of Foreign Subsidiaries
UndistributedEarningsOfForeignSubsidiaries
252000 USD
CY2013Q4 us-gaap Undistributed Earnings Of Foreign Subsidiaries
UndistributedEarningsOfForeignSubsidiaries
273000 USD
CY2014Q1 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2013Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2013Q4 us-gaap Preferred Stock Value
PreferredStockValue
USD
CY2014Q1 us-gaap Preferred Stock Value
PreferredStockValue
USD
CY2014Q1 us-gaap Inventory Write Down
InventoryWriteDown
0 USD
CY2013Q1 us-gaap Inventory Write Down
InventoryWriteDown
0 USD
CY2012 us-gaap Deferred Revenue Revenue Recognized
DeferredRevenueRevenueRecognized
38885000 USD
CY2014Q1 mblx Number Of Major Customers
NumberOfMajorCustomers
1 item
CY2013Q1 mblx Number Of Major Customers
NumberOfMajorCustomers
0 item

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