SOLITON, INC.: 10-Q filed 2019-08-09

Name: SOLITON, INC.: 10-Q filed 2019-08-09
Creator: SOLITON, INC.

What SOLITON, INC. reported in its quarterly report filed 2019-08-09 (fiscal Q2 2019): 37 published measures, 103 facts as tagged in accession 0001437749-19-016261.

This filing

Form: 10-Q (quarterly report)
Filed: 2019-08-09
Fiscal period: fiscal Q2 2019
Accession: 0001437749-19-016261 on SEC EDGAR

Values are as tagged in this filing. A later filing can restate them; each measure links to its history page, which shows the latest-filed value per period. All SOLITON, 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 2019-06-30	12,755,489	USD
At 2018-12-31	1,542,993	USD

Total liabilities

Recognized obligations at the reporting date. The definition and scope differ from interest-bearing debt.

Period	Value	Unit	Days
At 2019-06-30	1,989,303	USD
At 2018-12-31	21,100,878	USD

Stockholders equity

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

Period	Value	Unit
At 2019-06-30	10,766,186	USD
At 2019-03-31	4,411,740	USD
At 2018-12-31	-19,557,885	USD
At 2018-06-30	-14,607,100	USD
At 2018-03-31	-12,026,707	USD
At 2017-12-31	-10,500,595	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	Days
At 2019-06-30	11,187,168	USD
At 2018-12-31	133,435	USD

Net income or loss

Reported profit or loss for the period. Check the filing for attribution, exceptional items and discontinued operations before comparing companies.

Period	Value	Unit	Days
2019-04-01 to 2019-06-30	-2,973,534	USD	91
2019-01-01 to 2019-06-30	-6,181,879	USD	181
2019-01-01 to 2019-03-31	-3,208,345	USD	90
2018-04-01 to 2018-06-30	-2,565,089	USD	91
2018-01-01 to 2018-06-30	-3,916,754	USD	181
2018-01-01 to 2018-03-31	-1,351,665	USD	90

Operating cash flow

Cash generated or used by operating activities. Working-capital timing can make this differ substantially from reported income.

Period	Value	Unit	Days
2019-01-01 to 2019-06-30	-6,353,747	USD	181
2018-01-01 to 2018-06-30	-2,797,746	USD	181

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
2019-01-01 to 2019-06-30	39,164	USD	181
2018-01-01 to 2018-06-30	4,067	USD	181

Financing cash flow

Net cash from financing activities, including borrowing, repayments and transactions with owners. A positive amount does not establish operating profitability.

Period	Value	Unit	Days
2019-01-01 to 2019-06-30	17,651,111	USD	181
2018-01-01 to 2018-06-30	4,211,240	USD	181

Investing cash flow

Net cash from investing activities, including asset purchases, disposals and investment transactions. This differs from capital expenditure payments alone.

Period	Value	Unit	Days
2019-01-01 to 2019-06-30	-43,631	USD	181
2018-01-01 to 2018-06-30	-10,922	USD	181

Retained earnings or deficit

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

Period	Value	Unit
At 2019-06-30	-48,473,373	USD
At 2018-12-31	-42,131,275	USD
At 2018-03-31	-33,208,004	USD
At 2017-12-31	-31,536,339	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 2019-06-30	980,656	USD
At 2018-12-31	1,014,240	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
2019-01-01 to 2019-06-30	1,198,074	USD	181
2018-01-01 to 2018-06-30	347,243	USD	181

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
2019-04-01 to 2019-06-30	-2,975,326	USD	91
2019-01-01 to 2019-06-30	-5,362,131	USD	181
2018-04-01 to 2018-06-30	-2,314,131	USD	91
2018-01-01 to 2018-06-30	-3,498,946	USD	181

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 2019-06-30	11,662,141	USD
At 2018-12-31	143,968	USD

Interest expense

Borrowing costs recognized as interest expense. This is distinct from cash interest paid and may not include every capitalized borrowing cost.

Period	Value	Unit	Days
2019-01-01 to 2019-06-30	822,858	USD	181
2018-04-01 to 2018-06-30	252,627	USD	91
2018-01-01 to 2018-06-30	419,514	USD	181

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 2019-06-30	1,976,375	USD
At 2018-12-31	21,084,622	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 2019-06-30	365,572	USD
At 2018-12-31	2,737,836	USD

Operating expenses

Recurring operating costs under this accounting concept, generally excluding production costs included in cost of sales. Check filing presentation before combining expense subtotals.

Period	Value	Unit	Days
2019-04-01 to 2019-06-30	2,975,326	USD	91
2019-01-01 to 2019-06-30	5,362,131	USD	181
2018-04-01 to 2018-06-30	2,314,131	USD	91
2018-01-01 to 2018-06-30	3,498,946	USD	181

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
2019-04-01 to 2019-06-30	784,331	USD	91
2019-01-01 to 2019-06-30	1,229,733	USD	181
2018-04-01 to 2018-06-30	1,394,177	USD	91
2018-01-01 to 2018-06-30	2,086,902	USD	181

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
At 2019-06-30	15,693,715	shares
At 2019-02-19	14,613,000	shares
At 2018-12-31	1,998,056	shares

Cash including restricted cash

Cash, cash equivalents and restricted cash as reported in the cash flow reconciliation. Restricted amounts are not freely available, so this is not the same as unrestricted cash.

Period	Value	Unit	Days
At 2019-06-30	11,387,168	USD
At 2018-12-31	133,435	USD

Additional paid-in capital

Capital contributed above par value under this concept. It records historical contributions, not the current value of the equity or cash on hand.

Period	Value	Unit	Days
At 2019-06-30	59,223,865	USD
At 2018-12-31	22,568,857	USD

Gross property, plant and equipment

Cost of property, plant and equipment before accumulated depreciation. Historical cost does not indicate current value or replacement cost.

Period	Value	Unit	Days
At 2019-06-30	1,431,408	USD
At 2018-12-31	1,392,244	USD

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 2019-06-30	450,752	USD
At 2018-12-31	378,004	USD

Net intangible assets excluding goodwill

Intangible assets other than goodwill after amortization and impairment. Internally developed intangibles are usually not recognized, so this understates what a company relies on.

Period	Value	Unit	Days
At 2019-06-30	89,409	USD
At 2018-12-31	84,942	USD

Other noncurrent assets

Noncurrent assets the filer does not present separately. The composition differs by filer and is described only in the filing.

Period	Value	Unit	Days
At 2019-06-30	23,283	USD
At 2018-12-31	23,283	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 2019-06-30	1,555,150	USD
At 2018-12-31	1,863,874	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 2019-06-30	274,973	USD
At 2018-12-31	10,533	USD

Pre-tax income or loss from continuing operations

Income or loss from continuing operations before income taxes and noncontrolling interests. It excludes discontinued operations and is not net income.

Period	Value	Unit	Days
2019-04-01 to 2019-06-30	-2,973,534	USD	91
2019-01-01 to 2019-06-30	-6,181,879	USD	181
2018-04-01 to 2018-06-30	-2,565,089	USD	91
2018-01-01 to 2018-06-30	-3,916,754	USD	181

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
2019-04-01 to 2019-06-30	-2,973,534	USD	91
2019-01-01 to 2019-06-30	-6,342,098	USD	181
2018-04-01 to 2018-06-30	-2,885,089	USD	91
2018-01-01 to 2018-06-30	-4,556,754	USD	181

General and administrative expense

General and administrative costs reported under this concept, separate from selling expense. Filers group overhead differently, so compare presentation before comparing companies.

Period	Value	Unit	Days
2019-04-01 to 2019-06-30	2,101,287	USD	91
2019-01-01 to 2019-06-30	3,955,971	USD	181
2018-04-01 to 2018-06-30	834,172	USD	91
2018-01-01 to 2018-06-30	1,283,201	USD	181

Depreciation expense

Depreciation recognized for the period under this concept. It is a noncash allocation of asset cost and may exclude amortization and depletion reported elsewhere.

Period	Value	Unit	Days
2019-04-01 to 2019-06-30	43,045	USD	91
2019-01-01 to 2019-06-30	72,748	USD	181
2018-04-01 to 2018-06-30	29,372	USD	91
2018-01-01 to 2018-06-30	60,293	USD	181

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
2019-01-01 to 2019-06-30	72,748	USD	181
2018-01-01 to 2018-06-30	60,293	USD	181

Amortization of intangible assets

Amortization recognized on finite-lived intangible assets. It follows acquisition accounting and does not indicate the intangibles are losing usefulness at that rate.

Period	Value	Unit	Days
2019-04-01 to 2019-06-30	0	USD	91
2019-01-01 to 2019-06-30	0	USD	181
2018-04-01 to 2018-06-30	0	USD	91
2018-01-01 to 2018-06-30	376	USD	181

Nonoperating income or expense

Total nonoperating income or expense, which can include interest, investment results and other items. A positive value is not operating profit.

Period	Value	Unit	Days
2019-04-01 to 2019-06-30	1,792	USD	91
2019-01-01 to 2019-06-30	-819,748	USD	181
2018-04-01 to 2018-06-30	-250,958	USD	91
2018-01-01 to 2018-06-30	-417,808	USD	181

Interest paid, net

Cash interest paid during the period, net of amounts capitalized where the filer reports it that way. It differs from interest expense recognized.

Period	Value	Unit	Days
2019-01-01 to 2019-06-30	20,038	USD	181

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
2019-01-01 to 2019-06-30	-2,122,264	USD	181
2018-01-01 to 2018-06-30	695,263	USD	181

Inspect the source

Entity: SOLITON, INC. / CIK 0001548187
Captured: 2026-09-22 19:51 UTC
SEC response SHA-256: c2839ed829b91197683434bd619c424d5668122e8d9df1e31dc075d2fb93a8c2

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Every published concept a filing tagged, with the periods it covered, as reported in that filing at capture time. Forms 10-K, 10-K/A, 10-Q, 10-Q/A, 20-F, 20-F/A, 40-F, 40-F/A. A filing page needs at least 8 published concepts. Later filings can restate these values; the company history pages show the latest-filed value per period.

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with urlopen("https://canlicapital.com/company-data/0001548187.json") as response:
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print(record["policy"])
for concept in record["concepts"]:
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