10-K Filing

Ideal Power Inc. CIK: 1507957 FY 2018

Filing Information

Form Type	10-K
Accession Number	`0001144204-19-017411`
Period End Date	20181231
Filing Date	20190401
Fiscal Year	2018
Fiscal Period	FY
XBRL Instance	ipwr-20181231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 68 Income Statement 32 Cash Flow Statement 48 Stockholders Equity 18

Balance Sheet 68 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.26M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.20M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$10.02M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$5.62K	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	-	USD	Point-in-time
Prepayments and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$250.33K	USD	Point-in-time
Preferred Stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepayments and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$333.88K	USD	Point-in-time
Preferred Stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Current assets of discontinued operations held for sale	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$1.10M	USD	Point-in-time
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Current assets of discontinued operations held for sale	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$499.71K	USD	Point-in-time
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$4.69M	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
Preferred Stock, Shares Issued	`PreferredStockSharesIssued`	1.52M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$63.21K	USD	Point-in-time
Preferred Stock, Shares Outstanding	`PreferredStockSharesOutstanding`	1.52M	shares	Point-in-time
Preferred Stock, Shares Outstanding	`PreferredStockSharesOutstanding`	1.52M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$134.65K	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$1.38M	USD	Point-in-time
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
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$1.40M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$17.92K	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
Noncurrent assets of discontinued operations held for sale	`DisposalGroupIncludingDiscontinuedOperationAssetsNoncurrent`	$1.23M	USD	Point-in-time
Common stock, shares, issued	`CommonStockSharesIssued`	14.03M	shares	Point-in-time
Common stock, shares, issued	`CommonStockSharesIssued`	14.00M	shares	Point-in-time
Noncurrent assets of discontinued operations held for sale	`DisposalGroupIncludingDiscontinuedOperationAssetsNoncurrent`	-	USD	Point-in-time
Common stock, shares, outstanding	`CommonStockSharesOutstanding`	14.00M	shares	Point-in-time
Total assets	`Assets`	$6.17M	USD	Point-in-time
Common stock, shares, outstanding	`CommonStockSharesOutstanding`	14.01M	shares	Point-in-time
Total assets	`Assets`	$13.57M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	2,344.00	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	13,180.00	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$94.20K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$212.82K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$448.19K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$167.75K	USD	Point-in-time
Current liabilities of discontinued operations held for sale	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$869.62K	USD	Point-in-time
Current liabilities of discontinued operations held for sale	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$877.75K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.53M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.14M	USD	Point-in-time
Long-term liabilities	`LiabilitiesNoncurrent`	$428.16K	USD	Point-in-time
Long-term liabilities	`LiabilitiesNoncurrent`	$456.23K	USD	Point-in-time
Total liabilities	`Liabilities`	$1.99M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.57M	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 December 31, 2018 and 2017	`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 December 31, 2018 and 2017	`PreferredStockValue`	$1.52K	USD	Point-in-time
Common stock, $0.001 par value; 50,000,000 shares authorized; 14,027,590 shares issued and 14,014,410 shares outstanding at December 31, 2018 and 13,998,465 shares issued and 13,996,121 shares outstanding at December 31, 2017, respectively	`CommonStockValue`	$14.03K	USD	Point-in-time
Common stock, $0.001 par value; 50,000,000 shares authorized; 14,027,590 shares issued and 14,014,410 shares outstanding at December 31, 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`	$68.01M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$67.08M	USD	Point-in-time
Treasury stock, at cost; 13,180 shares at December 31, 2018 and 2,344 shares at December 31, 2017, respectively	`TreasuryStockValue`	$13.21K	USD	Point-in-time
Treasury stock, at cost; 13,180 shares at December 31, 2018 and 2,344 shares at December 31, 2017, respectively	`TreasuryStockValue`	$7.49K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-55.51M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-63.41M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$11.58M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$4.60M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$7.24M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$6.17M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$13.57M	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
Product revenue	`Revenues`	-	USD	Annual
Product revenue	`Revenues`	-	USD	Annual
Cost of product revenue	`CostOfRevenue`	-	USD	Annual
Cost of product revenue	`CostOfRevenue`	-	USD	Annual
Gross profit	`GrossProfit`	-	USD	Annual
Gross profit	`GrossProfit`	-	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$715.84K	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$871.74K	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$3.51M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$3.44M	USD	Annual
Sales and marketing	`SellingAndMarketingExpense`	-	USD	Annual
Sales and marketing	`SellingAndMarketingExpense`	-	USD	Annual
Total operating expenses	`OperatingExpenses`	$4.23M	USD	Annual
Total operating expenses	`OperatingExpenses`	$4.31M	USD	Annual
Loss from continuing operations before interest	`OperatingIncomeLoss`	$-4.23M	USD	Annual
Loss from continuing operations before interest	`OperatingIncomeLoss`	$-4.31M	USD	Annual
Interest income, net	`InterestIncomeExpenseNet`	$40.02K	USD	Annual
Interest income, net	`InterestIncomeExpenseNet`	$17.59K	USD	Annual
Loss from continuing operations	`IncomeLossFromContinuingOperations`	$-4.27M	USD	Annual
Loss from continuing operations	`IncomeLossFromContinuingOperations`	$-4.21M	USD	Annual
Loss from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$-6.23M	USD	Annual
Loss from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$-3.63M	USD	Annual
Net loss	`NetIncomeLoss`	$-7.90M	USD	Annual
Net loss	`NetIncomeLoss`	$-10.44M	USD	Annual
Loss from continuing operations per share basic and fully diluted	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.32	USD	Annual
Loss from continuing operations per share basic and fully diluted	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.30	USD	Annual
Loss from discontinued operations per share basic and fully diluted	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare`	$-0.47	USD	Annual
Loss from discontinued operations per share basic and fully diluted	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare`	$-0.26	USD	Annual
Net loss per share basic and fully diluted	`EarningsPerShareBasicAndDiluted`	$-0.79	USD	Annual
Net loss per share basic and fully diluted	`EarningsPerShareBasicAndDiluted`	$-0.56	USD	Annual
Weighted average number of shares outstanding basic and fully diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	13.22M	shares	Annual
Weighted average number of shares outstanding basic and fully diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	14.00M	shares	Annual

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Loss from continuing operations	`IncomeLossFromContinuingOperations`	$-4.27M	USD	Annual
Loss from continuing operations	`IncomeLossFromContinuingOperations`	$-4.21M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$154.76K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$137.51K	USD	Annual
Write-off of fixed assets	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	Annual
Write-off of fixed assets	`GainLossOnSaleOfPropertyPlantEquipment`	$-4.50K	USD	Annual
Write-off of capitalized patents	`ImpairmentOfIntangibleAssetsFinitelived`	$56.50K	USD	Annual
Write-off of capitalized patents	`ImpairmentOfIntangibleAssetsFinitelived`	$87.66K	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$988.89K	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$730.80K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-5.62K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$5.62K	USD	Annual
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidExpense`	$63.97K	USD	Annual
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidExpense`	$19.58K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$57.10K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-118.62K	USD	Annual
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-308.50K	USD	Annual
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-15.90K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-2.96M	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-3.83M	USD	Annual
Net cash used in operating activities discontinued operations	`CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations`	$-2.71M	USD	Annual
Net cash used in operating activities discontinued operations	`CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations`	$-4.46M	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.09K	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$64.75K	USD	Annual
Acquisition of intangible assets	`PaymentsToAcquireIntangibleAssets`	$171.33K	USD	Annual
Acquisition of intangible assets	`PaymentsToAcquireIntangibleAssets`	$133.06K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-134.15K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-236.08K	USD	Annual
Net cash used in investing activities discontinued operations	`CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations`	$-78.08K	USD	Annual
Net cash used in investing activities discontinued operations	`CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations`	$-197.95K	USD	Annual
Net proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$13.66M	USD	Annual
Net proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	Annual
Exercise of options and warrants	`ProceedsFromPaymentsForExerciseOfOptionsAndWarrants`	-	USD	Annual
Exercise of options and warrants	`ProceedsFromPaymentsForExerciseOfOptionsAndWarrants`	$11.14K	USD	Annual
Payment of taxes related to restricted stock vesting	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$5.72K	USD	Annual
Payment of taxes related to restricted stock vesting	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$1.57K	USD	Annual
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$13.67M	USD	Annual
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-5.72K	USD	Annual
Net increase (decrease) in cash and cash equivalents - continuing operations	`NetCashProvidedByUsedInContinuingOperations`	$10.47M	USD	Annual
Net increase (decrease) in cash and cash equivalents - continuing operations	`NetCashProvidedByUsedInContinuingOperations`	$-3.97M	USD	Annual
Net decrease in cash and cash equivalents discontinued operations	`NetCashProvidedByUsedInDiscontinuedOperations`	$-2.79M	USD	Annual
Net decrease in cash and cash equivalents discontinued operations	`NetCashProvidedByUsedInDiscontinuedOperations`	$-4.66M	USD	Annual
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$3.26M	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$4.20M	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$10.02M	USD	Point-in-time
Cash and cash equivalents at end of year	`CashAndCashEquivalentsAtCarryingValue`	$3.26M	USD	Point-in-time
Cash and cash equivalents at end of year	`CashAndCashEquivalentsAtCarryingValue`	$4.20M	USD	Point-in-time
Cash and cash equivalents at end of year	`CashAndCashEquivalentsAtCarryingValue`	$10.02M	USD	Point-in-time

Stockholders Equity 18 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquity`	$11.58M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$4.60M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$7.24M	USD	Point-in-time
Shares issued in offering, net of issuance costs	`StockIssuedDuringPeriodValueNewIssues`	$13.66M	USD	Annual
Exercise of options and warrants	`StockIssuedDuringPeriodValueStockOptionsExercised`	$11.14K	USD	Annual
Vesting of performance stock	`StockIssuedDuringPeriodValueVestingOfPerformanceStock`	$-2.19K	USD	Annual
Vesting of restricted stock units	`StockIssuedDuringPeriodValueRestrictedStockAwardGross`	$-3.10K	USD	Annual
Common stock to preferred stock exchange	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	-	USD	Annual
Common stock tendered to pay taxes on restricted stock vesting	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$1.57K	USD	Annual
Common stock tendered to pay taxes on restricted stock vesting	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$428.00	USD	Annual
Forfeiture of unvested restricted stock	`StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures`	-	USD	Annual
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$928.53K	USD	Annual
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.11M	USD	Annual
Net loss for the year	`NetIncomeLoss`	$-7.90M	USD	Annual
Net loss for the year	`NetIncomeLoss`	$-10.44M	USD	Annual
Ending balance	`StockholdersEquity`	$11.58M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$4.60M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$7.24M	USD	Point-in-time

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