10-Q/A Filing

APPLIED UV, INC. CIK: 1811109 Q3 2020

Filing Information

Form Type	10-Q/A
Accession Number	`0001104659-20-135772`
Period End Date	20200930
Filing Date	20201215
Fiscal Year	2020
Fiscal Period	Q3
XBRL Instance	auvi-20200930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 78 Income Statement 49 Cash Flow Statement 52 Stockholders Equity 15

Balance Sheet 78 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	150.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	150.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	5.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	6.33M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$5.90M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.03M	USD	Point-in-time
Vendor deposit	`DepositsAssetsCurrent`	$104.52K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	5.00M	shares	Point-in-time
Vendor deposit	`DepositsAssetsCurrent`	$146.28K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	6.33M	shares	Point-in-time
Series A voting preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts	`AccountsReceivableNetCurrent`	$2.23M	USD	Point-in-time
Series A voting preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts	`AccountsReceivableNetCurrent`	$734.09K	USD	Point-in-time
Inventory	`InventoryNet`	$189.75K	USD	Point-in-time
Series A voting preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Series A voting preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Inventory	`InventoryNet`	$99.54K	USD	Point-in-time
Series A voting preferred stock, shares issued	`PreferredStockSharesIssued`	2,000.00	shares	Point-in-time
Loan to shareholder	`DueFromRelatedPartiesCurrent`	$4.22K	USD	Point-in-time
Series A voting preferred stock, shares issued	`PreferredStockSharesIssued`	2,000.00	shares	Point-in-time
Loan to shareholder	`DueFromRelatedPartiesCurrent`	-	USD	Point-in-time
Series A voting preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	2,000.00	shares	Point-in-time
Series A voting preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	2,000.00	shares	Point-in-time
Prepaid expense and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$44.00K	USD	Point-in-time
Prepaid expense and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$30.64K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$7.01M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$3.50M	USD	Point-in-time
Machinery and equipment, net of accumulated depreciation	`PropertyPlantAndEquipmentNet`	$120.54K	USD	Point-in-time
Machinery and equipment, net of accumulated depreciation	`PropertyPlantAndEquipmentNet`	$34.37K	USD	Point-in-time
Right of use asset	`OperatingLeaseRightOfUseAsset`	$710.08K	USD	Point-in-time
Right of use asset	`OperatingLeaseRightOfUseAsset`	$515.32K	USD	Point-in-time
Right of use asset	`OperatingLeaseRightOfUseAsset`	$614.52K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$114.46K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$623.84K	USD	Point-in-time
Total Assets	`Assets`	$7.76M	USD	Point-in-time
Total Assets	`Assets`	$4.77M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$513.16K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$1.24M	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	$106.86K	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	$106.86K	USD	Point-in-time
Capital lease obligations-current portion	`FinanceLeaseLiabilityCurrent`	$6.38K	USD	Point-in-time
Capital lease obligations-current portion	`FinanceLeaseLiabilityCurrent`	$6.38K	USD	Point-in-time
Lease liability-current	`OperatingLeaseLiabilityCurrent`	$138.17K	USD	Point-in-time
Lease liability-current	`OperatingLeaseLiabilityCurrent`	$133.10K	USD	Point-in-time
Payroll protection plan loan	`UnsecuredDebtCurrent`	$69.30K	USD	Point-in-time
Notes payable	`NotesPayableCurrent`	$30.00K	USD	Point-in-time
Notes payable	`NotesPayableCurrent`	$37.50K	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$1.25M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$746.94K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$2.77M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$1.61M	USD	Point-in-time
Capital lease obligations - less current portion	`FinanceLeaseLiabilityNoncurrent`	$10.88K	USD	Point-in-time
Capital lease obligations - less current portion	`FinanceLeaseLiabilityNoncurrent`	$15.21K	USD	Point-in-time
Note payable-less current portion	`LongTermNotesPayable`	$90.00K	USD	Point-in-time
Note payable-less current portion	`LongTermNotesPayable`	$120.00K	USD	Point-in-time
Lease liability-less current portion	`OperatingLeaseLiabilityNoncurrent`	$377.15K	USD	Point-in-time
Lease liability-less current portion	`OperatingLeaseLiabilityNoncurrent`	$481.43K	USD	Point-in-time
Payroll protection plan loan	`UnsecuredLongTermDebt`	$227.53K	USD	Point-in-time
Total Long-Term Liabilities	`LiabilitiesNoncurrent`	$705.56K	USD	Point-in-time
Total Long-Term Liabilities	`LiabilitiesNoncurrent`	$616.64K	USD	Point-in-time
Total Liabilities	`Liabilities`	$3.38M	USD	Point-in-time
Total Liabilities	`Liabilities`	$2.32M	USD	Point-in-time
Common stock $.0001 par value, 150,000,000 shares authorized; 6,334,308 shares issued and outstanding, respectively as of September 30, 2020 and 5,001,250 shares issued and outstanding as of December 31, 2019	`CommonStockValue`	$633.00	USD	Point-in-time
Common stock $.0001 par value, 150,000,000 shares authorized; 6,334,308 shares issued and outstanding, respectively as of September 30, 2020 and 5,001,250 shares issued and outstanding as of December 31, 2019	`CommonStockValue`	$500.00	USD	Point-in-time
Series A voting preferred stock $.0001 par value, 1,000,000 shares authorized; 2,000 shares issued and outstanding	`PreferredStockValue`	$1.00	USD	Point-in-time
Series A voting preferred stock $.0001 par value, 1,000,000 shares authorized; 2,000 shares issued and outstanding	`PreferredStockValue`	$1.00	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$5.27M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.38M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$174.59K	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$-1.42M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$728.43K	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$1.38M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$5.45M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$4.77M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$7.76M	USD	Point-in-time

Income Statement 49 line items

Line Item	Tag	Value	Unit	Period
Net Sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$2.78M	USD	1 Quarter
Net Sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$6.38M	USD	3 Qtrs
Net Sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$4.49M	USD	3 Qtrs
Net Sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.56M	USD	1 Quarter
Cost of Goods Sold	`CostOfGoodsAndServicesSold`	$3.83M	USD	3 Qtrs
Cost of Goods Sold	`CostOfGoodsAndServicesSold`	$1.48M	USD	1 Quarter
Cost of Goods Sold	`CostOfGoodsAndServicesSold`	$1.60M	USD	1 Quarter
Cost of Goods Sold	`CostOfGoodsAndServicesSold`	$4.32M	USD	3 Qtrs
Gross Profit	`GrossProfit`	$668.02K	USD	3 Qtrs
Gross Profit	`GrossProfit`	$1.18M	USD	1 Quarter
Gross Profit	`GrossProfit`	$2.06M	USD	3 Qtrs
Gross Profit	`GrossProfit`	$78.18K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$65.04K	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$48.04K	USD	1 Quarter
Stock based compensation	`AllocatedShareBasedCompensationExpense`	$279.71K	USD	1 Quarter
Stock based compensation	`AllocatedShareBasedCompensationExpense`	$381.31K	USD	3 Qtrs
Selling. General and Administrative Expenses	`SellingGeneralAndAdministrativeExpense`	$645.40K	USD	1 Quarter
Selling. General and Administrative Expenses	`SellingGeneralAndAdministrativeExpense`	$1.44M	USD	3 Qtrs
Selling. General and Administrative Expenses	`SellingGeneralAndAdministrativeExpense`	$1.38M	USD	3 Qtrs
Selling. General and Administrative Expenses	`SellingGeneralAndAdministrativeExpense`	$740.04K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$1.89M	USD	3 Qtrs
Total Operating Expenses	`OperatingExpenses`	$1.38M	USD	3 Qtrs
Total Operating Expenses	`OperatingExpenses`	$973.14K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$740.04K	USD	1 Quarter
Operating (Loss) Income	`OperatingIncomeLoss`	$435.52K	USD	1 Quarter
Operating (Loss) Income	`OperatingIncomeLoss`	$687.06K	USD	3 Qtrs
Operating (Loss) Income	`OperatingIncomeLoss`	$-894.97K	USD	1 Quarter
Operating (Loss) Income	`OperatingIncomeLoss`	$-1.22M	USD	3 Qtrs
Other Income	`OtherNonoperatingIncome`	$850.00	USD	1 Quarter
Other Income	`OtherNonoperatingIncome`	$850.00	USD	3 Qtrs
Other Income	`OtherNonoperatingIncome`	$235.00	USD	1 Quarter
Other Income	`OtherNonoperatingIncome`	$11.90K	USD	3 Qtrs
Total Other Income	`NonoperatingIncomeExpense`	$235.00	USD	1 Quarter
Total Other Income	`NonoperatingIncomeExpense`	$850.00	USD	1 Quarter
Total Other Income	`NonoperatingIncomeExpense`	$1.52M	USD	3 Qtrs
Total Other Income	`NonoperatingIncomeExpense`	$11.90K	USD	3 Qtrs
(Loss) Income Before Provision for Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$2.21M	USD	3 Qtrs
(Loss) Income Before Provision for Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$436.37K	USD	1 Quarter
(Loss) Income Before Provision for Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-894.73K	USD	1 Quarter
(Loss) Income Before Provision for Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.21M	USD	3 Qtrs
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	$63.26K	USD	3 Qtrs
Net (Loss) Income	`NetIncomeLoss`	$-894.73K	USD	1 Quarter
Net (Loss) Income	`NetIncomeLoss`	$-1.21M	USD	3 Qtrs
Net (Loss) Income	`NetIncomeLoss`	$2.15M	USD	3 Qtrs
Net (Loss) Income	`NetIncomeLoss`	$436.37K	USD	1 Quarter
Basic and Diluted (Loss) Earnings Per Common Share	`EarningsPerShareBasicAndDiluted`	$-0.14	USD	1 Quarter
Basic and Diluted (Loss) Earnings Per Common Share	`EarningsPerShareBasicAndDiluted`	$-0.19	USD	3 Qtrs
Basic and Diluted (Loss) Earnings Per Common Share	`EarningsPerShareBasicAndDiluted`	$0.09	USD	1 Quarter
Basic and Diluted (Loss) Earnings Per Common Share	`EarningsPerShareBasicAndDiluted`	$0.43	USD	3 Qtrs

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net (Loss) Income	`ProfitLoss`	$-1.21M	USD	3 Qtrs
Net (Loss) Income	`ProfitLoss`	$2.15M	USD	3 Qtrs
Stock based compensation	`ShareBasedCompensation`	$85.00K	USD	3 Qtrs
Stock based compensation	`ShareBasedCompensation`	$381.31K	USD	3 Qtrs
Bad debt expense	`ProvisionForDoubtfulAccounts`	$50.00K	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$13.53K	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$6.52K	USD	3 Qtrs
Decrease (Increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-1.44M	USD	3 Qtrs
Decrease (Increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$660.44K	USD	3 Qtrs
(Increase) in inventories	`IncreaseDecreaseInInventories`	$90.21K	USD	3 Qtrs
(Increase) in inventories	`IncreaseDecreaseInInventories`	$50.19K	USD	3 Qtrs
(Increase) in vendor deposits	`IncreaseDecreaseInDepositOtherAssets`	$41.76K	USD	3 Qtrs
(Increase) in vendor deposits	`IncreaseDecreaseInDepositOtherAssets`	$190.23K	USD	3 Qtrs
(Increase) in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$22.40K	USD	3 Qtrs
(Increase) in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$79.95K	USD	3 Qtrs
Increase in income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$63.26K	USD	3 Qtrs
(Decrease) increase in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-152.86K	USD	3 Qtrs
(Decrease) increase in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-63.67K	USD	3 Qtrs
(Decrease) Increase in deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$-498.36K	USD	3 Qtrs
(Decrease) Increase in deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$809.56K	USD	3 Qtrs
Total Adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-1.60M	USD	3 Qtrs
Total Adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$1.08M	USD	3 Qtrs
Net Cash (Used in) Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$544.51K	USD	3 Qtrs
Net Cash (Used in) Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-126.75K	USD	3 Qtrs
Purchase of machinery and equipment	`PaymentsToAcquireMachineryAndEquipment`	$13.00K	USD	3 Qtrs
Purchase of machinery and equipment	`PaymentsToAcquireMachineryAndEquipment`	$98.24K	USD	3 Qtrs
Cash paid for patent costs	`PaymentsToAcquireIntangibleAssets`	$55.81K	USD	3 Qtrs
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-154.06K	USD	3 Qtrs
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-13.00K	USD	3 Qtrs
Payments on capital leases	`FinanceLeasePrincipalPayments`	$4.33K	USD	3 Qtrs
(Decrease) in liabilities subject to compromise	`LiabilitiesSubjectToCompromisePeriodIncreaseDecrease`	$-531.51K	USD	3 Qtrs
Loan from officer	`ProceedsFromRelatedPartyDebt`	$117.99K	USD	3 Qtrs
Loan from officer	`ProceedsFromRelatedPartyDebt`	$4.22K	USD	3 Qtrs
Payments on loans payable	`RepaymentsOfNotesPayable`	$83.00K	USD	3 Qtrs
Payments on loans payable	`RepaymentsOfNotesPayable`	$37.50K	USD	3 Qtrs
Proceeds for equity raise, net	`ProceedsFromIssuanceOrSaleOfEquity`	$4.89M	USD	3 Qtrs
Proceeds from payroll protection plan loan	`ProceedsFromIssuanceOfUnsecuredDebt`	$296.83K	USD	3 Qtrs
Net Cash Provided by (Used In) Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$-496.52K	USD	3 Qtrs
Net Cash Provided by (Used In) Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$5.15M	USD	3 Qtrs
Net Increase in Cash and equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$4.87M	USD	3 Qtrs
Net Increase in Cash and equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$34.98K	USD	3 Qtrs
Cash and equivalents at January 1,	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$828.75K	USD	Point-in-time
Cash and equivalents at January 1,	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$793.77K	USD	Point-in-time
Cash and equivalents at January 1,	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.03M	USD	Point-in-time
Cash and equivalents at January 1,	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$5.90M	USD	Point-in-time
Cash and equivalents at September 30,	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$828.75K	USD	Point-in-time
Cash and equivalents at September 30,	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$793.77K	USD	Point-in-time
Cash and equivalents at September 30,	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.03M	USD	Point-in-time
Cash and equivalents at September 30,	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$5.90M	USD	Point-in-time
Interest	`InterestPaidNet`	$9.15K	USD	3 Qtrs
Interest	`InterestPaidNet`	$1.20K	USD	3 Qtrs
Reclassification from liabilities to be settled in stock to additional paid in capital for shares granted during the period	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions`	$808.99K	USD	3 Qtrs

Stockholders Equity 15 line items

Line Item	Tag	Value	Unit	Period
Balance at the beginning	`StockholdersEquity`	$-1.42M	USD	Point-in-time
Balance at the beginning	`StockholdersEquity`	$728.43K	USD	Point-in-time
Balance at the beginning	`StockholdersEquity`	$1.38M	USD	Point-in-time
Balance at the beginning	`StockholdersEquity`	$5.45M	USD	Point-in-time
Common stock issued in public offering, net of costs	`StockIssuedDuringPeriodValueNewIssues`	$4.08M	USD	3 Qtrs
Shares issued to Carmel, Milazzo & Feil LLP	`StockIssuedDuringPeriodValueIssuedForServices`	$808.99K	USD	3 Qtrs
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$381.31K	USD	3 Qtrs
Net income loss	`NetIncomeLoss`	$-894.73K	USD	1 Quarter
Net income loss	`NetIncomeLoss`	$-1.21M	USD	3 Qtrs
Net income loss	`NetIncomeLoss`	$2.15M	USD	3 Qtrs
Net income loss	`NetIncomeLoss`	$436.37K	USD	1 Quarter
Balance at the end	`StockholdersEquity`	$-1.42M	USD	Point-in-time
Balance at the end	`StockholdersEquity`	$728.43K	USD	Point-in-time
Balance at the end	`StockholdersEquity`	$1.38M	USD	Point-in-time
Balance at the end	`StockholdersEquity`	$5.45M	USD	Point-in-time

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