10-Q Filing

Ideal Power Inc. CIK: 1507957 Q1 2016

Filing Information

Form Type	10-Q
Accession Number	`0001144204-16-101817`
Period End Date	20160331
Filing Date	20160513
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	ipwr-20160331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 52 Income Statement 24 Cash Flow Statement 46

Balance Sheet 52 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`	$7.91M	USD	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	9.55M	shares	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	9.56M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.17M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$12.28M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$15.02M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$447.77K	USD	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	9.56M	shares	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	9.55M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$872.87K	USD	Point-in-time
Inventories, net	`InventoryNet`	$720.57K	USD	Point-in-time
Inventories, net	`InventoryNet`	$648.01K	USD	Point-in-time
Prepayments and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$290.77K	USD	Point-in-time
Prepayments and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$296.36K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$13.74M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$16.84M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$925.90K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$951.65K	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$1.79M	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$1.47M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$17.92K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$17.92K	USD	Point-in-time
Total assets	`Assets`	$16.50M	USD	Point-in-time
Total assets	`Assets`	$19.25M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.34M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$764.05K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$1.24M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$1.19M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.95M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.58M	USD	Point-in-time
Long-term liabilities	`LiabilitiesNoncurrent`	-	USD	Point-in-time
Long-term liabilities	`LiabilitiesNoncurrent`	$259.48K	USD	Point-in-time
Total liabilities	`Liabilities`	$2.21M	USD	Point-in-time
Total liabilities	`Liabilities`	$2.58M	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; 9,557,747 and 9,549,544 shares issued and outstanding at March 31, 2016 and December 31, 2015, respectively	`CommonStockValue`	$9.56K	USD	Point-in-time
Common stock, $0.001 par value; 50,000,000 shares authorized; 9,557,747 and 9,549,544 shares issued and outstanding at March 31, 2016 and December 31, 2015, respectively	`CommonStockValue`	$9.55K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$51.18M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$50.76M	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`	$-34.09M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-36.90M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$14.29M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$16.67M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$16.50M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$19.25M	USD	Point-in-time

Income Statement 24 line items

Line Item	Tag	Value	Unit	Period
Product revenue	`SalesRevenueGoodsNet`	$1.20M	USD	1 Quarter
Product revenue	`SalesRevenueGoodsNet`	$496.64K	USD	1 Quarter
Cost of product revenue	`CostOfRevenue`	$494.75K	USD	1 Quarter
Cost of product revenue	`CostOfRevenue`	$1.02M	USD	1 Quarter
Gross profit	`GrossProfit`	$1.89K	USD	1 Quarter
Gross profit	`GrossProfit`	$178.49K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$1.48M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$992.23K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$920.33K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$910.78K	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$472.95K	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$412.53K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$2.81M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$2.38M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-2.81M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-2.20M	USD	1 Quarter
Interest income	`InterestIncomeExpenseNet`	$4.47K	USD	1 Quarter
Interest income	`InterestIncomeExpenseNet`	$8.61K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.19M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.80M	USD	1 Quarter
Net loss per share - basic and fully diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.29	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`	9.55M	shares	1 Quarter
Weighted average number of shares outstanding - basic and fully diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	7.06M	shares	1 Quarter

Cash Flow Statement 46 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-2.19M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.80M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$32.80K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$87.00K	USD	1 Quarter
Write-down of inventory	`InventoryWriteDown`	$4.24K	USD	1 Quarter
Write-down of inventory	`InventoryWriteDown`	$-16.45K	USD	1 Quarter
Write-off of fixed assets	`TangibleAssetImpairmentCharges`	-	USD	1 Quarter
Write-off of fixed assets	`TangibleAssetImpairmentCharges`	$992.00	USD	1 Quarter
Write-off of capitalized patents	`ImpairmentOfIntangibleAssetsFinitelived`	$24.75K	USD	1 Quarter
Write-off of capitalized patents	`ImpairmentOfIntangibleAssetsFinitelived`	$69.48K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$383.52K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$353.16K	USD	1 Quarter
Fair value of warrants issued for services	`AdjustmentOfWarrantsGrantedForServices`	-	USD	1 Quarter
Fair value of warrants issued for services	`AdjustmentOfWarrantsGrantedForServices`	$25.47K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-425.10K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$386.95K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-33.83K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$76.80K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-5.59K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$485.00	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-574.77K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$245.77K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-53.14K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$244.11K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-1.59M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-2.58M	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$150.34K	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$100.38K	USD	1 Quarter
Acquisition of intangible assets	`PaymentsToAcquireIntangibleAssets`	$84.84K	USD	1 Quarter
Acquisition of intangible assets	`PaymentsToAcquireIntangibleAssets`	$103.11K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-203.49K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-235.19K	USD	1 Quarter
Exercise of options and warrants	`ProceedsFromPaymentsForExerciseOfOptionsAndWarrants`	$35.54K	USD	1 Quarter
Exercise of options and warrants	`ProceedsFromPaymentsForExerciseOfOptionsAndWarrants`	$84.81K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$84.81K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$35.54K	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.74M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.74M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$7.91M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$6.17M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$12.28M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$15.02M	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`	$6.17M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$12.28M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$15.02M	USD	Point-in-time

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