10-Q Filing

RIOT PLATFORMS, INC. CIK: 1167419 Q2 2013

Filing Information

Form Type	10-Q
Accession Number	`0001079973-13-000477`
Period End Date	20130630
Filing Date	20130807
Fiscal Year	2013
Fiscal Period	Q2
XBRL Instance	appy-20130630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 52 Income Statement 49 Cash Flow Statement 56

Balance Sheet 52 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value	`CommonStockNoParValue`	-	USD	Point-in-time
Common stock, par value	`CommonStockNoParValue`	-	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	60.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	60.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	21.45M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$10.95M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.97M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	9.95M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$10.98M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$9.74M	USD	Point-in-time
Short-term investments (Note 1)	`ShortTermInvestments`	$1.16M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	21.45M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	9.95M	shares	Point-in-time
Short-term investments (Note 1)	`ShortTermInvestments`	$10.26M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$121.16K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$387.48K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$12.53M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$20.11M	USD	Point-in-time
Property and equipment, net (Notes 2)	`PropertyPlantAndEquipmentNet`	$2.38M	USD	Point-in-time
Property and equipment, net (Notes 2)	`PropertyPlantAndEquipmentNet`	$2.48M	USD	Point-in-time
Other long term assets, net (Note 3)	`OtherAssetsNoncurrent`	$1.61M	USD	Point-in-time
Other long term assets, net (Note 3)	`OtherAssetsNoncurrent`	$1.60M	USD	Point-in-time
Total assets	`Assets`	$16.61M	USD	Point-in-time
Total assets	`Assets`	$24.10M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$613.92K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$874.92K	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$452.88K	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$46.46K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$884.11K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$642.05K	USD	Point-in-time
Notes and other obligations, current portion (Note 4)	`NotesPayableCurrent`	$2.29M	USD	Point-in-time
Notes and other obligations, current portion (Note 4)	`NotesPayableCurrent`	$143.96K	USD	Point-in-time
Deferred revenue, current portion (Note 7)	`DeferredRevenueCurrent`	$85.00K	USD	Point-in-time
Deferred revenue, current portion (Note 7)	`DeferredRevenueCurrent`	$79.80K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.03M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.08M	USD	Point-in-time
Notes and other obligations, less current portion (Note 4)	`LongTermNotesPayable`	$763.13K	USD	Point-in-time
Notes and other obligations, less current portion (Note 4)	`LongTermNotesPayable`	$2.22M	USD	Point-in-time
Deferred revenue, less current portion (Note 7)	`DeferredRevenueNoncurrent`	$1.08M	USD	Point-in-time
Deferred revenue, less current portion (Note 7)	`DeferredRevenueNoncurrent`	$1.23M	USD	Point-in-time
Total liabilities	`Liabilities`	$5.49M	USD	Point-in-time
Total liabilities	`Liabilities`	$5.92M	USD	Point-in-time
Commitments and contingencies (Notes 7 and 8)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Notes 7 and 8)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, no par value, 60,000,000 shares authorized; 21,454,380 and 9,954,380 shares issued and outstanding	`CommonStockValue`	$84.92M	USD	Point-in-time
Common stock, no par value, 60,000,000 shares authorized; 21,454,380 and 9,954,380 shares issued and outstanding	`CommonStockValue`	$98.79M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-74.23M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-80.18M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$10.69M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$18.61M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$16.61M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$24.10M	USD	Point-in-time

Income Statement 49 line items

Line Item	Tag	Value	Unit	Period
Sales	`SalesRevenueGoodsNet`	-	USD	1 Quarter
Sales	`SalesRevenueGoodsNet`	-	USD	2 Qtrs
Sales	`SalesRevenueGoodsNet`	$27.24K	USD	1 Quarter
Sales	`SalesRevenueGoodsNet`	$34.52K	USD	2 Qtrs
Cost of sales	`CostOfGoodsSold`	$196.00	USD	2 Qtrs
Cost of sales	`CostOfGoodsSold`	-	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$12.00	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	-	USD	2 Qtrs
Gross profit	`GrossProfit`	-	USD	2 Qtrs
Gross profit	`GrossProfit`	-	USD	1 Quarter
Gross profit	`GrossProfit`	$27.23K	USD	1 Quarter
Gross profit	`GrossProfit`	$34.32K	USD	2 Qtrs
Other revenue - fee	`LicensesRevenue`	$60.48K	USD	Annual
Other revenue - fee	`LicensesRevenue`	-	USD	1 Quarter
Other revenue - fee	`LicensesRevenue`	-	USD	2 Qtrs
Other revenue - fee	`LicensesRevenue`	$21.25K	USD	1 Quarter
Other revenue - fee	`LicensesRevenue`	$39.90K	USD	2 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$1.39M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$2.78M	USD	2 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$1.35M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$2.60M	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$1.80M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$3.21M	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$1.56M	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$880.61K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$2.27M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$4.16M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$5.99M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$3.15M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-4.12M	USD	2 Qtrs
Operating loss	`OperatingIncomeLoss`	$-5.95M	USD	2 Qtrs
Operating loss	`OperatingIncomeLoss`	$-3.13M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-2.25M	USD	1 Quarter
Other income (expense), net (primarily interest)	`NonoperatingIncomeExpense`	$-62.66K	USD	1 Quarter
Other income (expense), net (primarily interest)	`NonoperatingIncomeExpense`	$8.09K	USD	2 Qtrs
Other income (expense), net (primarily interest)	`NonoperatingIncomeExpense`	$-126.73K	USD	2 Qtrs
Other income (expense), net (primarily interest)	`NonoperatingIncomeExpense`	$-11.02K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-5.95M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-4.25M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-2.31M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-3.14M	USD	1 Quarter
Basic and diluted net loss per share (Note 1)	`EarningsPerShareBasicAndDiluted`	$-2.39	USD	2 Qtrs
Basic and diluted net loss per share (Note 1)	`EarningsPerShareBasicAndDiluted`	$-0.21	USD	1 Quarter
Basic and diluted net loss per share (Note 1)	`EarningsPerShareBasicAndDiluted`	$-1.19	USD	1 Quarter
Basic and diluted net loss per share (Note 1)	`EarningsPerShareBasicAndDiluted`	$-0.48	USD	2 Qtrs
Basic and diluted weighted average number of common shares outstanding (Note 1)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	1.95M	shares	1 Quarter
Basic and diluted weighted average number of common shares outstanding (Note 1)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	14.76M	shares	1 Quarter
Basic and diluted weighted average number of common shares outstanding (Note 1)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	1.78M	shares	2 Qtrs
Basic and diluted weighted average number of common shares outstanding (Note 1)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	12.37M	shares	2 Qtrs

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-5.95M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-4.25M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-2.31M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-3.14M	USD	1 Quarter
Stock-based compensation for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$451.20K	USD	2 Qtrs
Stock-based compensation for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$895.35K	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$224.45K	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$171.80K	USD	2 Qtrs
Impairment charges	`AssetImpairmentCharges`	$3.00K	USD	1 Quarter
Impairment charges	`AssetImpairmentCharges`	$2.95K	USD	2 Qtrs
Impairment charges	`AssetImpairmentCharges`	$44.55K	USD	2 Qtrs
Impairment charges	`AssetImpairmentCharges`	$3.00K	USD	1 Quarter
Amortization of license fee	`AmortizationOfIntangibleAssets`	-	USD	2 Qtrs
Amortization of license fee	`AmortizationOfIntangibleAssets`	$-39.90K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-9.82K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	-	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-168.75K	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-266.32K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-145.91K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$260.99K	USD	2 Qtrs
Accrued compensation	`IncreaseDecreaseInAccruedSalaries`	$228.10K	USD	2 Qtrs
Accrued compensation	`IncreaseDecreaseInAccruedSalaries`	$-406.41K	USD	2 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-1.77K	USD	2 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$242.05K	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$196.86K	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$204.00K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-3.06M	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-4.36M	USD	2 Qtrs
Purchases of short-term investments	`PaymentsToAcquireShortTermInvestments`	$209.71K	USD	2 Qtrs
Purchases of short-term investments	`PaymentsToAcquireShortTermInvestments`	$12.50M	USD	2 Qtrs
Sales of short-term investments	`ProceedsFromSaleOfShortTermInvestments`	$3.41M	USD	2 Qtrs
Sales of short-term investments	`ProceedsFromSaleOfShortTermInvestments`	$1.00M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$22.91K	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	2 Qtrs
Purchases of patent and other assets	`PaymentsToAcquireIntangibleAssets`	$51.99K	USD	2 Qtrs
Purchases of patent and other assets	`PaymentsToAcquireIntangibleAssets`	$52.94K	USD	2 Qtrs
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-9.17M	USD	2 Qtrs
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$740.21K	USD	2 Qtrs
Repayment of notes payable and other obligations	`RepaymentsOfNotesPayable`	$685.70K	USD	2 Qtrs
Repayment of notes payable and other obligations	`RepaymentsOfNotesPayable`	$632.03K	USD	2 Qtrs
Net proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$10.94M	USD	2 Qtrs
Net proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$12.97M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$10.31M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$12.28M	USD	2 Qtrs
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$7.98M	USD	2 Qtrs
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.24M	USD	2 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$10.95M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.97M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$10.98M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$9.74M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$10.95M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.97M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$10.98M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$9.74M	USD	Point-in-time
Cash paid during the period for interest	`InterestPaid`	$125.16K	USD	2 Qtrs
Cash paid during the period for interest	`InterestPaid`	$81.65K	USD	2 Qtrs

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.