10-Q Filing

RIOT PLATFORMS, INC. CIK: 1167419 Q2 2015

Filing Information

Form Type	10-Q
Accession Number	`0001079973-15-000532`
Period End Date	20150630
Filing Date	20150811
Fiscal Year	2015
Fiscal Period	Q2
XBRL Instance	appy-20150630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 52 Income Statement 56 Cash Flow Statement 54

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`	$4.87M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.75M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	30.99M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.54M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.66M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	30.99M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	30.99M	shares	Point-in-time
Short-term investments (Note 1)	`ShortTermInvestments`	$21.00M	USD	Point-in-time
Short-term investments (Note 1)	`ShortTermInvestments`	$15.56M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	30.99M	shares	Point-in-time
Prepaid expenses and other current assets (Note 1)	`PrepaidExpenseAndOtherAssetsCurrent`	$357.08K	USD	Point-in-time
Prepaid expenses and other current assets (Note 1)	`PrepaidExpenseAndOtherAssetsCurrent`	$155.32K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$24.90M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$20.59M	USD	Point-in-time
Property and equipment, net (Note 2)	`PropertyPlantAndEquipmentNet`	$2.03M	USD	Point-in-time
Property and equipment, net (Note 2)	`PropertyPlantAndEquipmentNet`	$2.10M	USD	Point-in-time
Other long term assets, net (Notes 1 and 3)	`OtherAssetsNoncurrent`	$1.72M	USD	Point-in-time
Other long term assets, net (Notes 1 and 3)	`OtherAssetsNoncurrent`	$1.71M	USD	Point-in-time
Total assets	`Assets`	$28.72M	USD	Point-in-time
Total assets	`Assets`	$24.33M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$437.52K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$293.73K	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$609.42K	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$61.81K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$342.56K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$325.40K	USD	Point-in-time
Notes and other obligations, current portion (Note 4)	`NotesPayableCurrent`	$312.93K	USD	Point-in-time
Notes and other obligations, current portion (Note 4)	`NotesPayableCurrent`	$155.63K	USD	Point-in-time
Deferred revenue, current portion (Note 7)	`DeferredRevenueCurrent`	$96.70K	USD	Point-in-time
Deferred revenue, current portion (Note 7)	`DeferredRevenueCurrent`	$96.70K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.78M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$950.42K	USD	Point-in-time
Notes and other obligations, less current portion (Note 4)	`LongTermNotesPayable`	$2.00M	USD	Point-in-time
Notes and other obligations, less current portion (Note 4)	`LongTermNotesPayable`	$1.92M	USD	Point-in-time
Deferred revenue, less current portion (Note 7)	`DeferredRevenueNoncurrent`	$1.21M	USD	Point-in-time
Deferred revenue, less current portion (Note 7)	`DeferredRevenueNoncurrent`	$1.26M	USD	Point-in-time
Total liabilities	`Liabilities`	$5.04M	USD	Point-in-time
Total liabilities	`Liabilities`	$4.08M	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; 30,990,029 shares issued and outstanding	`CommonStocksIncludingAdditionalPaidInCapital`	$121.29M	USD	Point-in-time
Common stock, no par value, 60,000,000 shares authorized; 30,990,029 shares issued and outstanding	`CommonStocksIncludingAdditionalPaidInCapital`	$120.51M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-96.82M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-101.04M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$20.25M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$23.69M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$28.72M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$24.33M	USD	Point-in-time

Income Statement 56 line items

Line Item	Tag	Value	Unit	Period
Sales	`SalesRevenueGoodsNet`	$35.80K	USD	2 Qtrs
Sales	`SalesRevenueGoodsNet`	-	USD	1 Quarter
Sales	`SalesRevenueGoodsNet`	$51.73K	USD	2 Qtrs
Sales	`SalesRevenueGoodsNet`	$24.52K	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$8.10K	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$12.10K	USD	2 Qtrs
Cost of sales	`CostOfGoodsSold`	$31.91K	USD	2 Qtrs
Cost of sales	`CostOfGoodsSold`	-	USD	1 Quarter
Gross profit	`GrossProfit`	$23.70K	USD	2 Qtrs
Gross profit	`GrossProfit`	$16.42K	USD	1 Quarter
Gross profit	`GrossProfit`	$19.82K	USD	2 Qtrs
Gross profit	`GrossProfit`	-	USD	1 Quarter
Other revenue - fee	`LicensesRevenue`	$24.17K	USD	1 Quarter
Other revenue - fee	`LicensesRevenue`	$24.17K	USD	1 Quarter
Other revenue - fee	`LicensesRevenue`	$47.35K	USD	2 Qtrs
Other revenue - fee	`LicensesRevenue`	$48.35K	USD	2 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$1.67M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$1.48M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$3.02M	USD	2 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$3.57M	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$552.41K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$2.00M	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$1.26M	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$950.15K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$2.04M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$4.28M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$5.57M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$2.62M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-2.60M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-4.21M	USD	2 Qtrs
Operating loss	`OperatingIncomeLoss`	$-1.99M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-5.50M	USD	2 Qtrs
Interest expense	`InterestExpense`	$24.20K	USD	1 Quarter
Interest expense	`InterestExpense`	$62.56K	USD	2 Qtrs
Interest expense	`InterestExpense`	$25.77K	USD	1 Quarter
Interest expense	`InterestExpense`	$49.26K	USD	2 Qtrs
Investment (loss) income	`InvestmentIncomeNet`	$34.94K	USD	1 Quarter
Investment (loss) income	`InvestmentIncomeNet`	$27.83K	USD	2 Qtrs
Investment (loss) income	`InvestmentIncomeNet`	$-14.62K	USD	1 Quarter
Investment (loss) income	`InvestmentIncomeNet`	$36.21K	USD	2 Qtrs
Total other income (expense)	`NonoperatingIncomeExpense`	$9.17K	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$-13.05K	USD	2 Qtrs
Total other income (expense)	`NonoperatingIncomeExpense`	$-34.73K	USD	2 Qtrs
Total other income (expense)	`NonoperatingIncomeExpense`	$-38.81K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.03M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-5.54M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-4.22M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-2.59M	USD	1 Quarter
Basic and diluted net loss per share (Note 1)	`EarningsPerShareBasicAndDiluted`	$-0.07	USD	1 Quarter
Basic and diluted net loss per share (Note 1)	`EarningsPerShareBasicAndDiluted`	$-0.21	USD	2 Qtrs
Basic and diluted net loss per share (Note 1)	`EarningsPerShareBasicAndDiluted`	$-0.14	USD	2 Qtrs
Basic and diluted net loss per share (Note 1)	`EarningsPerShareBasicAndDiluted`	$-0.08	USD	1 Quarter
Basic and diluted weighted average number of shares outstanding (Note 1)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	30.78M	shares	1 Quarter
Basic and diluted weighted average number of shares outstanding (Note 1)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	30.99M	shares	1 Quarter
Basic and diluted weighted average number of shares outstanding (Note 1)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	26.24M	shares	2 Qtrs
Basic and diluted weighted average number of shares outstanding (Note 1)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	30.99M	shares	2 Qtrs

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-2.03M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-5.54M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-4.22M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-2.59M	USD	1 Quarter
Stock-based compensation for services	`ShareBasedCompensation`	$780.98K	USD	2 Qtrs
Stock-based compensation for services	`ShareBasedCompensation`	$729.41K	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$153.59K	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$129.79K	USD	2 Qtrs
Amortization of license fees	`RecognitionOfDeferredRevenue`	$47.35K	USD	2 Qtrs
Amortization of license fees	`RecognitionOfDeferredRevenue`	$48.35K	USD	2 Qtrs
Other noncash charges	`OtherNoncashExpense`	-	USD	2 Qtrs
Other noncash charges	`OtherNoncashExpense`	$4.65K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$18.94K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$30.26K	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-232.02K	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-209.66K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-143.79K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-280.56K	USD	2 Qtrs
Accrued compensation	`IncreaseDecreaseInAccruedSalaries`	$127.00K	USD	2 Qtrs
Accrued compensation	`IncreaseDecreaseInAccruedSalaries`	$-547.61K	USD	2 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-363.86K	USD	2 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$17.16K	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$68.58K	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	-	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-4.96M	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-3.83M	USD	2 Qtrs
Purchases of short-term investments	`PaymentsToAcquireShortTermInvestments`	$16.22M	USD	2 Qtrs
Purchases of short-term investments	`PaymentsToAcquireShortTermInvestments`	$28.42M	USD	2 Qtrs
Sales of short-term investments	`ProceedsFromSaleOfShortTermInvestments`	$11.71M	USD	2 Qtrs
Sales of short-term investments	`ProceedsFromSaleOfShortTermInvestments`	$21.65M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.20K	USD	2 Qtrs
Purchases of patent and trademark application costs	`PaymentsToAcquireIntangibleAssets`	$113.30K	USD	2 Qtrs
Purchases of patent and trademark application costs	`PaymentsToAcquireIntangibleAssets`	$47.02K	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$5.39M	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-16.82M	USD	2 Qtrs
Net proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$20.12M	USD	2 Qtrs
Net proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	2 Qtrs
Repayment of notes payable and other obligations	`RepaymentsOfNotesPayable`	$235.94K	USD	2 Qtrs
Repayment of notes payable and other obligations	`RepaymentsOfNotesPayable`	$245.93K	USD	2 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-235.94K	USD	2 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$19.88M	USD	2 Qtrs
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.91M	USD	2 Qtrs
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.33M	USD	2 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$4.87M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$3.75M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$3.54M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$5.66M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$4.87M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$3.75M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$3.54M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$5.66M	USD	Point-in-time
Cash paid during the period for interest	`InterestPaid`	$52.93K	USD	2 Qtrs
Cash paid during the period for interest	`InterestPaid`	$49.74K	USD	2 Qtrs

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