10-Q Filing

RIOT PLATFORMS, INC. CIK: 1167419 Q1 2014

Filing Information

Form Type	10-Q
Accession Number	`0001079973-14-000307`
Period End Date	20140331
Filing Date	20140512
Fiscal Year	2014
Fiscal Period	Q1
XBRL Instance	appy-20140331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 52 Income Statement 30 Cash Flow Statement 50

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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.99M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.66M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.49M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	22.62M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	21.45M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$10.98M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	22.62M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	21.45M	shares	Point-in-time
Short-term investments (Note 1)	`ShortTermInvestments`	$8.64M	USD	Point-in-time
Short-term investments (Note 1)	`ShortTermInvestments`	$8.87M	USD	Point-in-time
Prepaid expenses and other current assets (Note 1)	`PrepaidExpenseAndOtherAssetsCurrent`	$459.40K	USD	Point-in-time
Prepaid expenses and other current assets (Note 1)	`PrepaidExpenseAndOtherAssetsCurrent`	$423.89K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$13.28M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$14.76M	USD	Point-in-time
Property and equipment, net (Note 2)	`PropertyPlantAndEquipmentNet`	$2.27M	USD	Point-in-time
Property and equipment, net (Note 2)	`PropertyPlantAndEquipmentNet`	$2.22M	USD	Point-in-time
Other long term assets, net (Notes 1 and 3)	`OtherAssetsNoncurrent`	$1.62M	USD	Point-in-time
Other long term assets, net (Notes 1 and 3)	`OtherAssetsNoncurrent`	$1.61M	USD	Point-in-time
Total assets	`Assets`	$17.12M	USD	Point-in-time
Total assets	`Assets`	$18.64M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$780.51K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$694.99K	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$264.10K	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$148.92K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$421.74K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$907.73K	USD	Point-in-time
Notes and other obligations, current portion (Note 4)	`NotesPayableCurrent`	$319.77K	USD	Point-in-time
Notes and other obligations, current portion (Note 4)	`NotesPayableCurrent`	$217.89K	USD	Point-in-time
Deferred revenue, current portion (Note 7)	`DeferredRevenueCurrent`	$92.08K	USD	Point-in-time
Deferred revenue, current portion (Note 7)	`DeferredRevenueCurrent`	$96.70K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.70M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.25M	USD	Point-in-time
Notes and other obligations, less current portion (Note 4)	`LongTermNotesPayable`	$2.11M	USD	Point-in-time
Notes and other obligations, less current portion (Note 4)	`LongTermNotesPayable`	$2.15M	USD	Point-in-time
Deferred revenue, less current portion (Note 7)	`DeferredRevenueNoncurrent`	$1.29M	USD	Point-in-time
Deferred revenue, less current portion (Note 7)	`DeferredRevenueNoncurrent`	$1.33M	USD	Point-in-time
Total liabilities	`Liabilities`	$5.69M	USD	Point-in-time
Total liabilities	`Liabilities`	$5.14M	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; 22,615,950 and 21,454,380 shares issued and outstanding	`CommonStocksIncludingAdditionalPaidInCapital`	$101.31M	USD	Point-in-time
Common stock, no par value, 60,000,000 shares authorized; 22,615,950 and 21,454,380 shares issued and outstanding	`CommonStocksIncludingAdditionalPaidInCapital`	$99.33M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-86.38M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-89.33M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$11.98M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$12.95M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$17.12M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$18.64M	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
Sales (Note 1)	`SalesRevenueGoodsNet`	-	USD	1 Quarter
Sales (Note 1)	`SalesRevenueGoodsNet`	$51.73K	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	-	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$31.91K	USD	1 Quarter
Gross profit	`GrossProfit`	$19.82K	USD	1 Quarter
Gross profit	`GrossProfit`	-	USD	1 Quarter
Other revenue - fee (Note 7)	`LicensesRevenue`	$18.66K	USD	1 Quarter
Other revenue - fee (Note 7)	`LicensesRevenue`	$23.18K	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$1.43M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$1.89M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$1.05M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$1.41M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$2.84M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$2.95M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-2.82M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-2.90M	USD	1 Quarter
Interest expense	`InterestExpense`	$36.79K	USD	1 Quarter
Interest expense	`InterestExpense`	$44.06K	USD	1 Quarter
Investment (loss) income	`InvestmentIncomeNet`	$-7.12K	USD	1 Quarter
Investment (loss) income	`InvestmentIncomeNet`	$12.51K	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	-	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$50.65K	USD	1 Quarter
Total other (expense) income	`NonoperatingIncomeExpense`	$-43.91K	USD	1 Quarter
Total other (expense) income	`NonoperatingIncomeExpense`	$19.10K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.80M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.95M	USD	1 Quarter
Basic and diluted net loss per share (Note 1)	`EarningsPerShareBasicAndDiluted`	$-0.28	USD	1 Quarter
Basic and diluted net loss per share (Note 1)	`EarningsPerShareBasicAndDiluted`	$-0.14	USD	1 Quarter
Basic and diluted weighted average number of common shares outstanding (Note 1)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	21.64M	shares	1 Quarter
Basic and diluted weighted average number of common shares outstanding (Note 1)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	9.95M	shares	1 Quarter

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-2.80M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.95M	USD	1 Quarter
Stock-based compensation for services	`AllocatedShareBasedCompensationExpense`	$484.22K	USD	1 Quarter
Stock-based compensation for services	`AllocatedShareBasedCompensationExpense`	$403.02K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$86.81K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$82.59K	USD	1 Quarter
Amortization of license fee	`RecognitionOfDeferredRevenue`	$23.18K	USD	1 Quarter
Amortization of license fee	`RecognitionOfDeferredRevenue`	$18.66K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	-	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$38.04K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-73.55K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-100.72K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$90.86K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-85.52K	USD	1 Quarter
Accrued compensation	`IncreaseDecreaseInAccruedSalaries`	$115.18K	USD	1 Quarter
Accrued compensation	`IncreaseDecreaseInAccruedSalaries`	$-421.18K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-486.00K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-189.31K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$68.58K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$196.86K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-2.84M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-2.47M	USD	1 Quarter
Purchases of short-term investments	`PaymentsToAcquireShortTermInvestments`	$5.61M	USD	1 Quarter
Purchases of short-term investments	`PaymentsToAcquireShortTermInvestments`	$4.87M	USD	1 Quarter
Sales of short-term investments	`ProceedsFromSaleOfShortTermInvestments`	$4.64M	USD	1 Quarter
Sales of short-term investments	`ProceedsFromSaleOfShortTermInvestments`	-	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$10.84K	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.20K	USD	1 Quarter
Purchases of patent and trademark application costs	`PaymentsToAcquireIntangibleAssets`	$43.09K	USD	1 Quarter
Purchases of patent and trademark application costs	`PaymentsToAcquireIntangibleAssets`	$29.28K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-275.84K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-5.65M	USD	1 Quarter
Net proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	1 Quarter
Net proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$1.58M	USD	1 Quarter
Repayment of notes payable and other obligations	`RepaymentsOfNotesPayable`	$140.02K	USD	1 Quarter
Repayment of notes payable and other obligations	`RepaymentsOfNotesPayable`	$361.26K	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-361.26K	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$1.44M	USD	1 Quarter
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-8.49M	USD	1 Quarter
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.67M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$3.99M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$5.66M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.49M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$10.98M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$3.99M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$5.66M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.49M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$10.98M	USD	Point-in-time
Cash paid during the period for interest	`InterestPaid`	$47.12K	USD	1 Quarter
Cash paid during the period for interest	`InterestPaid`	$26.89K	USD	1 Quarter

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