10-Q Filing

Ideal Power Inc. CIK: 1507957 Q2 2018

Filing Information

Form Type	10-Q
Accession Number	`0001144204-18-044583`
Period End Date	20180630
Filing Date	20180814
Fiscal Year	2018
Fiscal Period	Q2
XBRL Instance	ipwr-20180630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 64 Income Statement 48 Cash Flow Statement 52

Balance Sheet 64 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$10.02M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.98M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$13.34M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.20M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$170.79K	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$221.08K	USD	Point-in-time
Preferred Stock, Par or Stated Value Per Share	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Inventories, net	`InventoryNet`	$239.41K	USD	Point-in-time
Inventories, net	`InventoryNet`	$251.36K	USD	Point-in-time
Preferred Stock, Par or Stated Value Per Share	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Prepayments and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$283.21K	USD	Point-in-time
Prepayments and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$503.81K	USD	Point-in-time
Preferred Stock, Shares Issued	`PreferredStockSharesIssued`	1.52M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$10.78M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$7.89M	USD	Point-in-time
Preferred Stock, Shares Issued	`PreferredStockSharesIssued`	1.52M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$513.15K	USD	Point-in-time
Preferred Stock, Shares Outstanding	`PreferredStockSharesOutstanding`	1.52M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$669.57K	USD	Point-in-time
Preferred Stock, Shares Outstanding	`PreferredStockSharesOutstanding`	1.52M	shares	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$2.10M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$2.08M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$55.42K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$37.50K	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
Common stock, shares, issued	`CommonStockSharesIssued`	14.00M	shares	Point-in-time
Total assets	`Assets`	$13.57M	USD	Point-in-time
Total assets	`Assets`	$10.56M	USD	Point-in-time
Common stock, shares, issued	`CommonStockSharesIssued`	14.00M	shares	Point-in-time
Common stock, shares, outstanding	`CommonStockSharesOutstanding`	14.00M	shares	Point-in-time
Common stock, shares, outstanding	`CommonStockSharesOutstanding`	14.00M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	4,123.00	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	2,344.00	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$449.48K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$517.77K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$1.08M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$1.15M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.67M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.53M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$462.20K	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$456.23K	USD	Point-in-time
Total liabilities	`Liabilities`	$1.99M	USD	Point-in-time
Total liabilities	`Liabilities`	$2.13M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $0.001 par value; 10,000,000 shares authorized; 1,518,430 shares issued and outstanding at June 30, 2018 and December 31, 2017, respectively	`PreferredStockValue`	$1.52K	USD	Point-in-time
Preferred stock, $0.001 par value; 10,000,000 shares authorized; 1,518,430 shares issued and outstanding at June 30, 2018 and December 31, 2017, respectively	`PreferredStockValue`	$1.52K	USD	Point-in-time
Common stock, $0.001 par value; 50,000,000 shares authorized; 14,004,465 shares issued and 14,000,342 shares outstanding at June 30, 2018 and 13,998,465 shares issued and 13,996,121 shares outstanding at December 31, 2017, respectively	`CommonStockValue`	$14.00K	USD	Point-in-time
Common stock, $0.001 par value; 50,000,000 shares authorized; 14,004,465 shares issued and 14,000,342 shares outstanding at June 30, 2018 and 13,998,465 shares issued and 13,996,121 shares outstanding at December 31, 2017, respectively	`CommonStockValue`	$14.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$67.08M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$67.71M	USD	Point-in-time
Treasury stock, at cost; 4,123 shares at June 30, 2018 and 2,344 shares at December 31, 2017	`TreasuryStockValue`	$9.68K	USD	Point-in-time
Treasury stock, at cost; 4,123 shares at June 30, 2018 and 2,344 shares at December 31, 2017	`TreasuryStockValue`	$7.49K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-59.29M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-55.51M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$11.58M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$8.43M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$10.56M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$13.57M	USD	Point-in-time

Income Statement 48 line items

Line Item	Tag	Value	Unit	Period
Product revenue	`Revenues`	$529.04K	USD	2 Qtrs
Product revenue	`Revenues`	$253.37K	USD	1 Quarter
Product revenue	`Revenues`	$619.94K	USD	1 Quarter
Product revenue	`Revenues`	$801.44K	USD	2 Qtrs
Cost of product revenue	`CostOfRevenue`	$584.80K	USD	1 Quarter
Cost of product revenue	`CostOfRevenue`	$919.76K	USD	2 Qtrs
Cost of product revenue	`CostOfRevenue`	$764.61K	USD	1 Quarter
Cost of product revenue	`CostOfRevenue`	$1.48M	USD	2 Qtrs
Gross profit (loss)	`GrossProfit`	$-511.24K	USD	1 Quarter
Gross profit (loss)	`GrossProfit`	$-118.32K	USD	2 Qtrs
Gross profit (loss)	`GrossProfit`	$35.14K	USD	1 Quarter
Gross profit (loss)	`GrossProfit`	$-946.50K	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$2.30M	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$1.66M	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$1.11M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$905.54K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$2.08M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$1.17M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$817.67K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$1.71M	USD	2 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$324.23K	USD	2 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$968.87K	USD	2 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$427.34K	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$69.99K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$5.34M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$2.71M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$3.70M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$1.79M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-1.76M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-6.29M	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-3.22M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-3.82M	USD	2 Qtrs
Interest income, net	`InterestIncomeExpenseNet`	$11.57K	USD	2 Qtrs
Interest income, net	`InterestIncomeExpenseNet`	$36.93K	USD	2 Qtrs
Interest income, net	`InterestIncomeExpenseNet`	$7.03K	USD	1 Quarter
Interest income, net	`InterestIncomeExpenseNet`	$35.61K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-3.21M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.72M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-6.28M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-3.78M	USD	2 Qtrs
Net loss per share basic and fully diluted	`EarningsPerShareBasicAndDiluted`	$-0.23	USD	1 Quarter
Net loss per share basic and fully diluted	`EarningsPerShareBasicAndDiluted`	$-0.27	USD	2 Qtrs
Net loss per share basic and fully diluted	`EarningsPerShareBasicAndDiluted`	$-0.50	USD	2 Qtrs
Net loss per share basic and fully diluted	`EarningsPerShareBasicAndDiluted`	$-0.12	USD	1 Quarter
Weighted average number of shares outstanding basic and fully diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	13.99M	shares	1 Quarter
Weighted average number of shares outstanding basic and fully diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	13.99M	shares	2 Qtrs
Weighted average number of shares outstanding basic and fully diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	12.44M	shares	2 Qtrs
Weighted average number of shares outstanding basic and fully diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	13.99M	shares	1 Quarter

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-3.21M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.72M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-6.28M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-3.78M	USD	2 Qtrs
Allowance for doubtful accounts	`ProvisionForDoubtfulAccounts`	$-98.34K	USD	2 Qtrs
Allowance for doubtful accounts	`ProvisionForDoubtfulAccounts`	$273.73K	USD	2 Qtrs
Write-down of inventory	`InventoryWriteDown`	$5.46K	USD	2 Qtrs
Write-down of inventory	`InventoryWriteDown`	$712.08K	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$224.93K	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$216.92K	USD	2 Qtrs
Write-off of capitalized patents	`ImpairmentOfIntangibleAssetsFinitelived`	$202.34K	USD	2 Qtrs
Write-off of capitalized patents	`ImpairmentOfIntangibleAssetsFinitelived`	$15.48K	USD	2 Qtrs
Write-off of fixed assets	`GainLossOnSaleOfPropertyPlantEquipment`	$-15.04K	USD	2 Qtrs
Write-off of fixed assets	`GainLossOnSaleOfPropertyPlantEquipment`	$-7.05K	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$498.01K	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$630.31K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-148.63K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$100.72K	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-6.50K	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-166.53K	USD	2 Qtrs
Prepayments and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$238.52K	USD	2 Qtrs
Prepayments and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-77.98K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$68.30K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-133.78K	USD	2 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$74.69K	USD	2 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-5.63K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-4.35M	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.94M	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$18.15K	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$18.52K	USD	2 Qtrs
Acquisition of intangible assets	`PaymentsToAcquireIntangibleAssets`	$171.13K	USD	2 Qtrs
Acquisition of intangible assets	`PaymentsToAcquireIntangibleAssets`	$79.19K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-97.71K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-189.28K	USD	2 Qtrs
Net proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	2 Qtrs
Net proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$13.66M	USD	2 Qtrs
Payment of taxes related to restricted stock vesting	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$2.19K	USD	2 Qtrs
Payment of taxes related to restricted stock vesting	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	-	USD	2 Qtrs
Exercise of options and warrants	`ProceedsFromPaymentsForExerciseOfOptionsAndWarrants`	$11.14K	USD	2 Qtrs
Exercise of options and warrants	`ProceedsFromPaymentsForExerciseOfOptionsAndWarrants`	-	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-2.19K	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$13.67M	USD	2 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$9.13M	USD	2 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-3.04M	USD	2 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$10.02M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$6.98M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$13.34M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$4.20M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$10.02M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$6.98M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$13.34M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$4.20M	USD	Point-in-time

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