Kips Bay Medical, Inc.: 10-Q filed 2014-08-12

Name: Kips Bay Medical, Inc.: 10-Q filed 2014-08-12
Creator: Kips Bay Medical, Inc.
License: https://creativecommons.org/licenses/by/4.0/

What Kips Bay Medical, Inc. reported in its quarterly report filed 2014-08-12 (fiscal Q2 2014): 26 published measures, 66 facts as tagged in accession 0001437749-14-015038.

This filing

Form: 10-Q (quarterly report)
Filed: 2014-08-12
Fiscal period: fiscal Q2 2014
Accession: 0001437749-14-015038 on SEC EDGAR

Values are as tagged in this filing. A later filing can restate them; a measure with a published history links to it, and the history shows the latest-filed value per period. All Kips Bay Medical, Inc. filings.

Reported measures

Total assets

Resources recognized on the balance sheet. Book assets are not the market value of the business.

Period	Value	Unit	Days
At 2014-06-28	7,353,000	USD
At 2013-12-31	6,309,000	USD

Stockholders equity

The reported residual interest after liabilities. It is an accounting amount, not market capitalization.

Period	Value	Unit	Days
At 2014-06-28	6,852,000	USD
At 2013-12-31	5,854,000	USD

Cash and cash equivalents

Cash and qualifying short-term liquid investments under the filer’s accounting policy. Restricted cash and longer-term investments may be reported separately.

Period	Value	Unit
At 2014-06-28	4,720,000	USD
At 2013-12-31	2,316,000	USD
At 2013-06-29	2,084,000	USD
At 2012-12-31	9,403,000	USD

Capital expenditure payments

Cash payments to acquire property, plant and equipment. This taxonomy concept does not capture every form of investment or acquisition.

Period	Value	Unit	Days
2014-01-01 to 2014-06-28	2,000	USD	179
2013-01-01 to 2013-06-29	10,000	USD	180

Retained earnings or deficit

Accumulated undistributed earnings or deficit at the reporting date. This balance is not cash available for distribution.

Period	Value	Unit	Days
At 2014-06-28	-38,776,000	USD
At 2013-12-31	-35,910,000	USD

Net property, plant and equipment

Carrying amount of property, plant and equipment after accumulated depreciation, depletion and amortization. It is not replacement cost or market value.

Period	Value	Unit	Days
At 2014-06-28	376,000	USD
At 2013-12-31	400,000	USD

Share-based compensation expense

Reported noncash expense for share-based payment arrangements. Noncash treatment does not mean the awards have no economic cost to shareholders.

Period	Value	Unit	Days
2014-01-01 to 2014-06-28	221,000	USD	179
2013-01-01 to 2013-06-29	320,000	USD	180

Operating income or loss

Operating revenue less operating expenses for the reporting period. It excludes items outside the reported operating result and is not free cash flow.

Period	Value	Unit	Days
2014-03-30 to 2014-06-28	-1,430,000	USD	91
2014-01-01 to 2014-06-28	-2,870,000	USD	179
2013-03-31 to 2013-06-29	-1,509,000	USD	91
2013-01-01 to 2013-06-29	-2,968,000	USD	180

Current assets

Assets classified as current under the normal operating cycle or one-year boundary. Not all current assets can be converted immediately into cash.

Period	Value	Unit	Days
At 2014-06-28	6,977,000	USD
At 2013-12-31	5,909,000	USD

Current liabilities

Obligations classified as current under the operating-cycle or one-year boundary. The balance includes more than short-term borrowing.

Period	Value	Unit	Days
At 2014-06-28	501,000	USD
At 2013-12-31	455,000	USD

Current accounts payable

Current amounts owed to suppliers for goods and services received. This is one component of current liabilities, not all accrued obligations.

Period	Value	Unit	Days
At 2014-06-28	28,000	USD
At 2013-12-31	141,000	USD

Net current accounts receivable

Current customer receivables after the allowance for credit loss. The balance is not cash collected or a guarantee of collection.

Period	Value	Unit	Days
At 2014-06-28	14,000	USD
At 2013-12-31	28,000	USD

Net inventory

Inventory carrying amount after applicable valuation and LIFO reserves. It does not establish realizable selling proceeds or inventory turnover without other inputs.

Period	Value	Unit	Days
At 2014-06-28	727,000	USD
At 2013-12-31	793,000	USD

Gross profit

Revenue less the costs directly attributed to the goods or services sold. It precedes other operating expenses and is not net income.

Period	Value	Unit	Days
2014-03-30 to 2014-06-28	17,000	USD	91
2014-01-01 to 2014-06-28	31,000	USD	179
2013-03-31 to 2013-06-29	21,000	USD	91
2013-01-01 to 2013-06-29	41,000	USD	180

Selling, general and administrative expense

Selling and general administrative costs reported under this concept. It is an expense category, not a substitute for total operating expenses.

Period	Value	Unit	Days
2014-03-30 to 2014-06-28	795,000	USD	91
2014-01-01 to 2014-06-28	1,609,000	USD	179
2013-03-31 to 2013-06-29	773,000	USD	91
2013-01-01 to 2013-06-29	1,547,000	USD	180

Research and development expense

Research and development costs recognized as expense. Capitalization policies and acquired projects can make this differ from total cash invested in development.

Period	Value	Unit	Days
2014-03-30 to 2014-06-28	652,000	USD	91
2014-01-01 to 2014-06-28	1,292,000	USD	179
2013-03-31 to 2013-06-29	757,000	USD	91
2013-01-01 to 2013-06-29	1,462,000	USD	180

Common shares outstanding

Common shares outstanding at the reporting date. This point-in-time count differs from the weighted-average shares used for earnings per share and can exclude other share classes.

Period	Value	Unit	Days
At 2014-06-28	33,014,079	shares
At 2013-12-31	26,979,079	shares

Accumulated depreciation on property, plant and equipment

Cumulative depreciation, depletion and amortization recorded against property, plant and equipment. It measures cost allocation to date, not physical wear or market value.

Period	Value	Unit	Days
At 2014-06-28	470,000	USD
At 2013-12-31	444,000	USD

Accrued current liabilities

Current obligations accrued for goods and services received but not yet invoiced or paid. This is one component of current liabilities, not all short-term obligations.

Period	Value	Unit	Days
At 2014-06-28	473,000	USD
At 2013-12-31	314,000	USD

Prepaid expenses and other current assets

Prepayments and other current assets grouped under this concept. The balance is not cash and its composition differs by filer.

Period	Value	Unit	Days
At 2014-06-28	199,000	USD
At 2013-12-31	88,000	USD

Comprehensive income or loss

Net income plus other comprehensive income after tax. It includes unrealized items that net income excludes and is not a cash measure.

Period	Value	Unit	Days
2014-03-30 to 2014-06-28	-1,428,000	USD	91
2014-01-01 to 2014-06-28	-2,866,000	USD	179
2013-03-31 to 2013-06-29	-1,506,000	USD	91
2013-01-01 to 2013-06-29	-2,963,000	USD	180

Net income available to common stockholders

Net income after preferred dividends and similar adjustments, the numerator for basic earnings per share. It can be lower than reported net income.

Period	Value	Unit	Days
2014-03-30 to 2014-06-28	-1,428,000	USD	91
2014-01-01 to 2014-06-28	-2,866,000	USD	179
2013-03-31 to 2013-06-29	-1,504,000	USD	91
2013-01-01 to 2013-06-29	-2,960,000	USD	180

Depreciation, depletion and amortization

Combined depreciation, depletion and amortization for the period. A noncash allocation of asset cost, not a measure of maintenance spending.

Period	Value	Unit	Days
2014-01-01 to 2014-06-28	26,000	USD	179
2013-01-01 to 2013-06-29	26,000	USD	180

Change in accounts receivable

The cash flow adjustment for the change in receivables during the period. A positive value under this concept means receivables grew and reduced operating cash flow.

Period	Value	Unit	Days
2014-01-01 to 2014-06-28	-14,000	USD	179
2013-01-01 to 2013-06-29	11,000	USD	180

Change in inventories

The cash flow adjustment for the change in inventories during the period. A positive value under this concept means inventory grew and reduced operating cash flow.

Period	Value	Unit	Days
2014-01-01 to 2014-06-28	-66,000	USD	179
2013-01-01 to 2013-06-29	-68,000	USD	180

Change in accounts payable

The cash flow adjustment for the change in payables during the period. A positive value under this concept means payables grew and added to operating cash flow.

Period	Value	Unit	Days
2014-01-01 to 2014-06-28	-113,000	USD	179
2013-01-01 to 2013-06-29	-280,000	USD	180

Inspect the source

Entity: Kips Bay Medical, Inc. / CIK 0001460198
Captured: 2026-09-23 02:55 UTC
SEC response SHA-256: 537fd91bdfed6723df188e5ded136a58ab17a2300edab415658493f14025eedb

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import json
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with urlopen("https://canlicapital.com/company-data/0001460198.json") as response:
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print(record["fetched_at"])
print(record["policy"])
for concept in record["concepts"]:
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