10-Q Filing

Ideal Power Inc. CIK: 1507957 Q3 2015

Filing Information

Form Type	10-Q
Accession Number	`0001144204-15-064967`
Period End Date	20150930
Filing Date	20151113
Fiscal Year	2015
Fiscal Period	Q3
XBRL Instance	ipwr-20150930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 48 Income Statement 64 Cash Flow Statement 54

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`	50.00M	shares	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$17.33M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$9.73M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$14.14M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.91M	USD	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	9.38M	shares	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	7.05M	shares	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	7.05M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$446.52K	USD	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	9.38M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$795.56K	USD	Point-in-time
Inventories, net	`InventoryNet`	$251.34K	USD	Point-in-time
Inventories, net	`InventoryNet`	$586.14K	USD	Point-in-time
Prepayments and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$166.63K	USD	Point-in-time
Prepayments and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$263.61K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$18.87M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$8.87M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$374.38K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$854.28K	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$1.29M	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$1.01M	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`	$21.04M	USD	Point-in-time
Total assets	`Assets`	$10.28M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$441.64K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.03M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$773.12K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$1.09M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.21M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.13M	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; 9,379,939 and 7,048,235 shares issued and outstanding at September 30, 2015 and December 31, 2014, respectively	`CommonStockValue`	$7.05K	USD	Point-in-time
Common stock, $0.001 par value; 50,000,000 shares authorized; 9,379,939 and 7,048,235 shares issued and outstanding at September 30, 2015 and December 31, 2014, respectively	`CommonStockValue`	$9.38K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$49.96M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$32.71M	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`	$-31.06M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$18.91M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$9.06M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$21.04M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$10.28M	USD	Point-in-time

Income Statement 64 line items

Line Item	Tag	Value	Unit	Period
Products	`SalesRevenueGoodsNet`	$895.49K	USD	1 Quarter
Products	`SalesRevenueGoodsNet`	$841.60K	USD	3 Qtrs
Products	`SalesRevenueGoodsNet`	$3.29M	USD	3 Qtrs
Products	`SalesRevenueGoodsNet`	$289.00K	USD	1 Quarter
Grants	`RevenueFromGrants`	$149.03K	USD	1 Quarter
Grants	`RevenueFromGrants`	-	USD	3 Qtrs
Grants	`RevenueFromGrants`	$448.05K	USD	3 Qtrs
Grants	`RevenueFromGrants`	-	USD	1 Quarter
Total revenue	`Revenues`	$3.29M	USD	3 Qtrs
Total revenue	`Revenues`	$1.29M	USD	3 Qtrs
Total revenue	`Revenues`	$438.03K	USD	1 Quarter
Total revenue	`Revenues`	$895.49K	USD	1 Quarter
Products	`CostOfGoodsAndServicesSold`	$1.00M	USD	3 Qtrs
Products	`CostOfGoodsAndServicesSold`	$842.42K	USD	1 Quarter
Products	`CostOfGoodsAndServicesSold`	$2.92M	USD	3 Qtrs
Products	`CostOfGoodsAndServicesSold`	$367.95K	USD	1 Quarter
Grant research and development costs	`OtherResearchAndDevelopmentExpense`	$497.83K	USD	3 Qtrs
Grant research and development costs	`OtherResearchAndDevelopmentExpense`	$165.59K	USD	1 Quarter
Grant research and development costs	`OtherResearchAndDevelopmentExpense`	-	USD	1 Quarter
Grant research and development costs	`OtherResearchAndDevelopmentExpense`	-	USD	3 Qtrs
Total cost of revenue	`CostOfRevenue`	$533.53K	USD	1 Quarter
Total cost of revenue	`CostOfRevenue`	$2.92M	USD	3 Qtrs
Total cost of revenue	`CostOfRevenue`	$1.50M	USD	3 Qtrs
Total cost of revenue	`CostOfRevenue`	$842.42K	USD	1 Quarter
Gross profit (loss)	`GrossProfit`	$-95.51K	USD	1 Quarter
Gross profit (loss)	`GrossProfit`	$-211.44K	USD	3 Qtrs
Gross profit (loss)	`GrossProfit`	$53.06K	USD	1 Quarter
Gross profit (loss)	`GrossProfit`	$374.45K	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$689.40K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$1.64M	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$1.72M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$3.81M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$2.77M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$2.23M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$888.13K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$762.74K	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$378.38K	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$1.22M	USD	3 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$840.57K	USD	3 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$310.82K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$1.76M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$4.71M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$2.98M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$7.80M	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-1.86M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-4.92M	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-2.93M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-7.42M	USD	3 Qtrs
Interest income	`InterestIncomeExpenseNet`	$22.15K	USD	3 Qtrs
Interest income	`InterestIncomeExpenseNet`	$6.62K	USD	1 Quarter
Interest income	`InterestIncomeExpenseNet`	$21.15K	USD	3 Qtrs
Interest income	`InterestIncomeExpenseNet`	$12.03K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.85M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.92M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-4.90M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-7.40M	USD	3 Qtrs
Net loss per share - basic and fully diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.91	USD	3 Qtrs
Net loss per share - basic and fully diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.70	USD	3 Qtrs
Net loss per share - basic and fully diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.31	USD	1 Quarter
Net loss per share - basic and fully diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.26	USD	1 Quarter
Weighted average number of shares outstanding - basic and fully diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	9.36M	shares	1 Quarter
Weighted average number of shares outstanding - basic and fully diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	7.01M	shares	3 Qtrs
Weighted average number of shares outstanding - basic and fully diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	7.02M	shares	1 Quarter
Weighted average number of shares outstanding - basic and fully diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	8.18M	shares	3 Qtrs

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-1.85M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.92M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-4.90M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-7.40M	USD	3 Qtrs
Allowance for doubtful accounts	`ProvisionForDoubtfulAccounts`	$54.79K	USD	3 Qtrs
Allowance for doubtful accounts	`ProvisionForDoubtfulAccounts`	-	USD	3 Qtrs
Write-down of inventory	`InventoryWriteDown`	-	USD	3 Qtrs
Write-down of inventory	`InventoryWriteDown`	$-2.16K	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$43.25K	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$144.83K	USD	3 Qtrs
Write-off of capitalized software	`NoncashProjectAbandonmentCosts`	$45.64K	USD	3 Qtrs
Write-off of capitalized software	`NoncashProjectAbandonmentCosts`	-	USD	3 Qtrs
Write-off of capitalized patents	`ImpairmentOfIntangibleAssetsFinitelived`	$109.79K	USD	3 Qtrs
Write-off of capitalized patents	`ImpairmentOfIntangibleAssetsFinitelived`	-	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$1.01M	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$597.05K	USD	3 Qtrs
Common stock issued for services	`StockCompensationEarnedButNotIssued`	$50.00K	USD	3 Qtrs
Common stock issued for services	`StockCompensationEarnedButNotIssued`	-	USD	3 Qtrs
Fair value of warrants issued for services	`AdjustmentOfWarrantsGrantedForServices`	$101.88K	USD	3 Qtrs
Fair value of warrants issued for services	`AdjustmentOfWarrantsGrantedForServices`	$76.41K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$403.83K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$147.36K	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-175.75K	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$348.68K	USD	3 Qtrs
Prepayments and other current assets	`IncreaseDecreaseInPrepaidExpense`	$-88.96K	USD	3 Qtrs
Prepayments and other current assets	`IncreaseDecreaseInPrepaidExpense`	$-96.97K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$592.22K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-109.72K	USD	3 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$280.61K	USD	3 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$320.24K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-5.70M	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-3.82M	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$636.74K	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$278.32K	USD	3 Qtrs
Acquisition of intangible assets	`PaymentsToAcquireIntangibleAssets`	$402.44K	USD	3 Qtrs
Acquisition of intangible assets	`PaymentsToAcquireIntangibleAssets`	$313.77K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-592.08K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-1.04M	USD	3 Qtrs
Net proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$15.92M	USD	3 Qtrs
Net proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	3 Qtrs
Exercise of options and warrants	`ProceedsFromPaymentsForExerciseOfOptionsAndWarrants`	$4.99K	USD	3 Qtrs
Exercise of options and warrants	`ProceedsFromPaymentsForExerciseOfOptionsAndWarrants`	$233.88K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$16.16M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$4.99K	USD	3 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$9.41M	USD	3 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-4.41M	USD	3 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$17.33M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$9.73M	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 end of period	`CashAndCashEquivalentsAtCarryingValue`	$17.33M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$9.73M	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

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