10-Q Filing

Ideal Power Inc. CIK: 1507957 Q3 2016

Filing Information

Form Type	10-Q
Accession Number	`0001144204-16-134310`
Period End Date	20160930
Filing Date	20161114
Fiscal Year	2016
Fiscal Period	Q3
XBRL Instance	ipwr-20160930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 53 Income Statement 48 Cash Flow Statement 52

Balance Sheet 53 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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.81M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$15.02M	USD	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	9.56M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$17.33M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$872.87K	USD	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	9.55M	shares	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	9.56M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$450.02K	USD	Point-in-time
Inventories, net	`InventoryNet`	$1.26M	USD	Point-in-time
Inventories, net	`InventoryNet`	$648.01K	USD	Point-in-time
Prepayments and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$149.29K	USD	Point-in-time
Prepayments and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$296.36K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$16.84M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$8.68M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.01M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$925.90K	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$1.91M	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`	$11.61M	USD	Point-in-time
Total Assets	`Assets`	$19.25M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$609.39K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.34M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$1.08M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$1.24M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.58M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.69M	USD	Point-in-time
Long-term liabilities	`LiabilitiesNoncurrent`	-	USD	Point-in-time
Long-term liabilities	`LiabilitiesNoncurrent`	$263.64K	USD	Point-in-time
Long-term liabilities	`LiabilitiesNoncurrent`	$263.64K	USD	Point-in-time
Total liabilities	`Liabilities`	$2.58M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.96M	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 September 30, 2016 and December 31, 2015, respectively	`CommonStockValue`	$9.55K	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 September 30, 2016 and December 31, 2015, respectively	`CommonStockValue`	$9.56K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$51.93M	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`	$-42.29M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-34.09M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$16.67M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$9.65M	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$19.25M	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$11.61M	USD	Point-in-time

Income Statement 48 line items

Line Item	Tag	Value	Unit	Period
Product revenue	`SalesRevenueGoodsNet`	$439.27K	USD	1 Quarter
Product revenue	`SalesRevenueGoodsNet`	$895.49K	USD	1 Quarter
Product revenue	`SalesRevenueGoodsNet`	$1.26M	USD	3 Qtrs
Product revenue	`SalesRevenueGoodsNet`	$3.29M	USD	3 Qtrs
Cost of product revenue	`CostOfRevenue`	$2.92M	USD	3 Qtrs
Cost of product revenue	`CostOfRevenue`	$1.53M	USD	3 Qtrs
Cost of product revenue	`CostOfRevenue`	$737.94K	USD	1 Quarter
Cost of product revenue	`CostOfRevenue`	$842.42K	USD	1 Quarter
Gross profit (loss)	`GrossProfit`	$374.45K	USD	3 Qtrs
Gross profit (loss)	`GrossProfit`	$-273.60K	USD	3 Qtrs
Gross profit (loss)	`GrossProfit`	$-298.67K	USD	1 Quarter
Gross profit (loss)	`GrossProfit`	$53.06K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$1.72M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$3.81M	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$3.91M	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$1.23M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$2.77M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$907.34K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$888.13K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$2.71M	USD	3 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$1.22M	USD	3 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$496.79K	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$378.38K	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$1.32M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$2.98M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$7.80M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$7.95M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$2.64M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-7.42M	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-8.22M	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-2.93M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-2.93M	USD	1 Quarter
Interest income, net	`InterestIncomeExpenseNet`	$21.15K	USD	3 Qtrs
Interest income, net	`InterestIncomeExpenseNet`	$26.78K	USD	3 Qtrs
Interest income, net	`InterestIncomeExpenseNet`	$11.55K	USD	1 Quarter
Interest income, net	`InterestIncomeExpenseNet`	$12.03K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-8.19M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-2.92M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-7.40M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-2.92M	USD	1 Quarter
Net loss per share - basic and fully diluted	`EarningsPerShareBasicAndDiluted`	$-0.91	USD	3 Qtrs
Net loss per share - basic and fully diluted	`EarningsPerShareBasicAndDiluted`	$-0.86	USD	3 Qtrs
Net loss per share - basic and fully diluted	`EarningsPerShareBasicAndDiluted`	$-0.31	USD	1 Quarter
Net loss per share - basic and fully diluted	`EarningsPerShareBasicAndDiluted`	$-0.31	USD	1 Quarter
Weighted average number of shares outstanding - basic and fully diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	8.18M	shares	3 Qtrs
Weighted average number of shares outstanding - basic and fully diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	9.55M	shares	1 Quarter
Weighted average number of shares outstanding - basic and fully diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	9.55M	shares	3 Qtrs
Weighted average number of shares outstanding - basic and fully diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	9.36M	shares	1 Quarter

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-8.19M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-2.92M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-7.40M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-2.92M	USD	1 Quarter
Allowance for doubtful accounts	`ProvisionForDoubtfulAccounts`	$85.38K	USD	3 Qtrs
Allowance for doubtful accounts	`ProvisionForDoubtfulAccounts`	$54.79K	USD	3 Qtrs
Write-down of inventory	`InventoryWriteDown`	$-2.16K	USD	3 Qtrs
Write-down of inventory	`InventoryWriteDown`	$73.52K	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$144.83K	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$290.47K	USD	3 Qtrs
Write-off of capitalized patents	`ImpairmentOfIntangibleAssetsFinitelived`	$71.11K	USD	3 Qtrs
Write-off of capitalized patents	`ImpairmentOfIntangibleAssetsFinitelived`	$109.79K	USD	3 Qtrs
Write-off of fixed assets	`GainLossOnSaleOfPropertyPlantEquipment`	$-45.64K	USD	3 Qtrs
Write-off of fixed assets	`GainLossOnSaleOfPropertyPlantEquipment`	$-6.21K	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$1.01M	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$1.14M	USD	3 Qtrs
Fair value of warrants issued for services	`AdjustmentOfWarrantsGrantedForServices`	$76.41K	USD	3 Qtrs
Fair value of warrants issued for services	`AdjustmentOfWarrantsGrantedForServices`	-	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$403.83K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-337.48K	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$348.68K	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$689.85K	USD	3 Qtrs
Prepayments and other current assets	`IncreaseDecreaseInPrepaidExpense`	$-147.06K	USD	3 Qtrs
Prepayments and other current assets	`IncreaseDecreaseInPrepaidExpense`	$-96.97K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-729.43K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$592.22K	USD	3 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-151.18K	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`	$-7.62M	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$328.93K	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$636.74K	USD	3 Qtrs
Acquisition of intangible assets	`PaymentsToAcquireIntangibleAssets`	$299.14K	USD	3 Qtrs
Acquisition of intangible assets	`PaymentsToAcquireIntangibleAssets`	$402.44K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-628.07K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-1.04M	USD	3 Qtrs
Net proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	3 Qtrs
Net proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$15.92M	USD	3 Qtrs
Exercise of options and warrants	`ProceedsFromPaymentsForExerciseOfOptionsAndWarrants`	$233.88K	USD	3 Qtrs
Exercise of options and warrants	`ProceedsFromPaymentsForExerciseOfOptionsAndWarrants`	$35.54K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$35.54K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$16.16M	USD	3 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-8.21M	USD	3 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$9.41M	USD	3 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$7.91M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$6.81M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$15.02M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$17.33M	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`	$6.81M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$15.02M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$17.33M	USD	Point-in-time

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