10-Q Filing

Ideal Power Inc. CIK: 1507957 Q1 2015

Filing Information

Form Type	10-Q
Accession Number	`0001144204-15-027790`
Period End Date	20150331
Filing Date	20150506
Fiscal Year	2015
Fiscal Period	Q1
XBRL Instance	ipwr-20150331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 48 Income Statement 32 Cash Flow Statement 44

Balance Sheet 48 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	7.07M	shares	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	7.07M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.17M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$14.14M	USD	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	7.05M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.91M	USD	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	7.05M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$12.44M	USD	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	7.05M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$833.47K	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$446.52K	USD	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	7.05M	shares	Point-in-time
Inventories, net	`InventoryNet`	$251.34K	USD	Point-in-time
Inventories, net	`InventoryNet`	$233.96K	USD	Point-in-time
Prepayments and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$264.09K	USD	Point-in-time
Prepayments and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$263.61K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$8.87M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$7.50M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$374.38K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$496.47K	USD	Point-in-time
Patents, net	`FiniteLivedIntangibleAssetsNet`	$1.01M	USD	Point-in-time
Patents, net	`FiniteLivedIntangibleAssetsNet`	$1.02M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$17.92K	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$17.92K	USD	Point-in-time
Total Assets	`Assets`	$9.04M	USD	Point-in-time
Total Assets	`Assets`	$10.28M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$687.40K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$441.64K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$1.02M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$773.12K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.21M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.70M	USD	Point-in-time
Commitments	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $0.001 par value; 50,000,000 shares authorized; 7,066,137 and 7,048,235 shares issued and outstanding at March 31, 2015 and December 31, 2014, respectively	`CommonStockValue`	$7.05K	USD	Point-in-time
Common stock, $0.001 par value; 50,000,000 shares authorized; 7,066,137 and 7,048,235 shares issued and outstanding at March 31, 2015 and December 31, 2014, respectively	`CommonStockValue`	$7.07K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$32.71M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$33.18M	USD	Point-in-time
Treasury stock	`TreasuryStockValue`	$2.66K	USD	Point-in-time
Treasury stock	`TreasuryStockValue`	$2.66K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-23.65M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-25.85M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$9.06M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$7.33M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$10.28M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$9.04M	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
Products	`SalesRevenueGoodsNet`	$108.50K	USD	1 Quarter
Products	`SalesRevenueGoodsNet`	$1.20M	USD	1 Quarter
Grants	`RevenueFromGrants`	-	USD	1 Quarter
Grants	`RevenueFromGrants`	$182.59K	USD	1 Quarter
Total revenue	`Revenues`	$291.10K	USD	1 Quarter
Total revenue	`Revenues`	$1.20M	USD	1 Quarter
Products	`CostOfGoodsAndServicesSold`	$194.34K	USD	1 Quarter
Products	`CostOfGoodsAndServicesSold`	$1.02M	USD	1 Quarter
Grant research and development costs	`OtherResearchAndDevelopmentExpense`	$202.88K	USD	1 Quarter
Grant research and development costs	`OtherResearchAndDevelopmentExpense`	-	USD	1 Quarter
Total cost of revenue	`CostOfRevenue`	$1.02M	USD	1 Quarter
Total cost of revenue	`CostOfRevenue`	$397.22K	USD	1 Quarter
Gross profit (loss)	`GrossProfit`	$-106.13K	USD	1 Quarter
Gross profit (loss)	`GrossProfit`	$178.49K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$992.23K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$309.56K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$910.78K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$744.97K	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$268.22K	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$472.95K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$2.38M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$1.32M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-2.20M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-1.43M	USD	1 Quarter
Interest income	`InterestIncomeExpenseNet`	$8.14K	USD	1 Quarter
Interest income	`InterestIncomeExpenseNet`	$4.47K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.42M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.19M	USD	1 Quarter
Net loss per share - basic and fully diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.20	USD	1 Quarter
Net loss per share - basic and fully diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.31	USD	1 Quarter
Weighted average number of shares outstanding - basic and fully diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	7.00M	shares	1 Quarter
Weighted average number of shares outstanding - basic and fully diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	7.06M	shares	1 Quarter

Cash Flow Statement 44 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-1.42M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.19M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$32.80K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$9.08K	USD	1 Quarter
Write-down of inventory	`InventoryWriteDown`	-	USD	1 Quarter
Write-down of inventory	`InventoryWriteDown`	$-16.45K	USD	1 Quarter
Write-off of capitalized patents	`NoncashProjectAbandonmentCosts`	-	USD	1 Quarter
Write-off of capitalized patents	`NoncashProjectAbandonmentCosts`	$69.48K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$188.57K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$353.16K	USD	1 Quarter
Fair value of warrants issued for services	`AdjustmentOfWarrantsGrantedForServices`	$25.47K	USD	1 Quarter
Fair value of warrants issued for services	`AdjustmentOfWarrantsGrantedForServices`	$33.96K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$386.95K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$87.97K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-12.06K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-33.83K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$34.50K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$485.00	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-216.96K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$245.77K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-985.00	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$244.11K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-1.52M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-1.59M	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$37.26K	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$150.34K	USD	1 Quarter
Acquisition of patents	`PaymentsToAcquireIntangibleAssets`	$84.84K	USD	1 Quarter
Acquisition of patents	`PaymentsToAcquireIntangibleAssets`	$137.81K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-175.07K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-235.19K	USD	1 Quarter
Exercise of options and warrants	`ProceedsFromPaymentsForExerciseOfOptionsAndWarrants`	$-9.00	USD	1 Quarter
Exercise of options and warrants	`ProceedsFromPaymentsForExerciseOfOptionsAndWarrants`	$84.81K	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$84.81K	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-9.00	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.74M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.69M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$6.17M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$14.14M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$7.91M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$12.44M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$6.17M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$14.14M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$7.91M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$12.44M	USD	Point-in-time

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