10-Q Filing

Ideal Power Inc. CIK: 1507957 Q1 2019

Filing Information

Form Type	10-Q
Accession Number	`0001144204-19-026531`
Period End Date	20190331
Filing Date	20190515
Fiscal Year	2019
Fiscal Period	Q1
XBRL Instance	ipwr-20190331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 72 Income Statement 30 Cash Flow Statement 38 Stockholders Equity 13

Balance Sheet 72 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$8.15M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$10.02M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.26M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.23M	USD	Point-in-time
Prepayments and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$333.88K	USD	Point-in-time
Prepayments and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$332.83K	USD	Point-in-time
Current assets of discontinued operations held for sale	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$1.10M	USD	Point-in-time
Current assets of discontinued operations held for sale	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$727.94K	USD	Point-in-time
Preferred Stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred Stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	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
Total current assets	`AssetsCurrent`	$3.29M	USD	Point-in-time
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Preferred Stock, Shares Issued	`PreferredStockSharesIssued`	1.52M	shares	Point-in-time
Preferred Stock, Shares Issued	`PreferredStockSharesIssued`	810,000.00	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$55.60K	USD	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
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$1.41M	USD	Point-in-time
Preferred Stock, Shares Outstanding	`PreferredStockSharesOutstanding`	810,000.00	shares	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$1.40M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Right of use asset	`OperatingLeaseRightOfUseAsset`	-	USD	Point-in-time
Right of use asset	`OperatingLeaseRightOfUseAsset`	$386.62K	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$17.92K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$17.92K	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`	14.03M	shares	Point-in-time
Total assets	`Assets`	$5.16M	USD	Point-in-time
Total assets	`Assets`	$6.17M	USD	Point-in-time
Common stock, shares, issued	`CommonStockSharesIssued`	14.74M	shares	Point-in-time
Common stock, shares, outstanding	`CommonStockSharesOutstanding`	14.01M	shares	Point-in-time
Common stock, shares, outstanding	`CommonStockSharesOutstanding`	14.72M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	13,180.00	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	13,180.00	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$130.46K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$94.20K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$167.75K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$177.83K	USD	Point-in-time
Current portion of lease liability	`OperatingLeaseLiabilityCurrent`	$167.09K	USD	Point-in-time
Current portion of lease liability	`OperatingLeaseLiabilityCurrent`	-	USD	Point-in-time
Current liabilities of discontinued operations held for sale	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$501.44K	USD	Point-in-time
Current liabilities of discontinued operations held for sale	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$877.75K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.14M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$976.81K	USD	Point-in-time
Long-term lease liability	`OperatingLeaseLiabilityNoncurrent`	$221.83K	USD	Point-in-time
Long-term lease liability	`OperatingLeaseLiabilityNoncurrent`	-	USD	Point-in-time
Other long-term liabilities	`OtherLongTermDebtNoncurrent`	$428.16K	USD	Point-in-time
Other long-term liabilities	`OtherLongTermDebtNoncurrent`	$430.98K	USD	Point-in-time
Total liabilities	`Liabilities`	$1.57M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.63M	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; 810,000 shares issued and outstanding at March 31, 2019 and 1,518,430 shares issued at December 31, 2018, respectively	`PreferredStockValue`	$810.00	USD	Point-in-time
Preferred stock, $0.001 par value; 10,000,000 shares authorized; 810,000 shares issued and outstanding at March 31, 2019 and 1,518,430 shares issued at December 31, 2018, respectively	`PreferredStockValue`	$1.52K	USD	Point-in-time
Common stock, $0.001 par value; 50,000,000 shares authorized; 14,736,020 shares issued and 14,722,840 shares outstanding at March 31, 2019 and 14,027,590 shares issued and 14,014,410 shares outstanding at December 31, 2018, respectively	`CommonStockValue`	$14.03K	USD	Point-in-time
Common stock, $0.001 par value; 50,000,000 shares authorized; 14,736,020 shares issued and 14,722,840 shares outstanding at March 31, 2019 and 14,027,590 shares issued and 14,014,410 shares outstanding at December 31, 2018, respectively	`CommonStockValue`	$14.74K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$68.01M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$67.98M	USD	Point-in-time
Treasury stock, at cost, 13,180 shares at March 31, 2019 and December 31, 2018, respectively	`TreasuryStockValue`	$13.21K	USD	Point-in-time
Treasury stock, at cost, 13,180 shares at March 31, 2019 and December 31, 2018, respectively	`TreasuryStockValue`	$13.21K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-64.46M	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`	$3.53M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$9.72M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$5.16M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$6.17M	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
Product revenue	`Revenues`	-	USD	1 Quarter
Product revenue	`Revenues`	-	USD	1 Quarter
Cost of product revenue	`CostOfRevenue`	-	USD	1 Quarter
Cost of product revenue	`CostOfRevenue`	-	USD	1 Quarter
Gross profit	`GrossProfit`	-	USD	1 Quarter
Gross profit	`GrossProfit`	-	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$218.22K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$94.54K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$882.10K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$468.39K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$976.64K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$686.61K	USD	1 Quarter
Loss from continuing operations before interest	`OperatingIncomeLoss`	$-686.61K	USD	1 Quarter
Loss from continuing operations before interest	`OperatingIncomeLoss`	$-976.64K	USD	1 Quarter
Interest (income) expense, net	`InterestIncomeExpenseNet`	$1.31K	USD	1 Quarter
Interest (income) expense, net	`InterestIncomeExpenseNet`	$-7.12K	USD	1 Quarter
Loss from continuing operations	`IncomeLossFromContinuingOperations`	$-693.72K	USD	1 Quarter
Loss from continuing operations	`IncomeLossFromContinuingOperations`	$-975.33K	USD	1 Quarter
Loss from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$-347.18K	USD	1 Quarter
Loss from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$-1.08M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.06M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.04M	USD	1 Quarter
Loss from continuing operations per share basic and fully diluted	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.05	USD	1 Quarter
Loss from continuing operations per share basic and fully diluted	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.07	USD	1 Quarter
Loss from discontinued operations per share basic and fully diluted	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare`	$-0.02	USD	1 Quarter
Loss from discontinued operations per share basic and fully diluted	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare`	$-0.08	USD	1 Quarter
Net loss per share basic and fully diluted	`EarningsPerShareBasicAndDiluted`	$-0.15	USD	1 Quarter
Net loss per share basic and fully diluted	`EarningsPerShareBasicAndDiluted`	$-0.07	USD	1 Quarter
Weighted average number of shares outstanding basic and fully diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	14.31M	shares	1 Quarter
Weighted average number of shares outstanding basic and fully diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	13.99M	shares	1 Quarter

Cash Flow Statement 38 line items

Line Item	Tag	Value	Unit	Period
Loss from continuing operations	`IncomeLossFromContinuingOperations`	$-693.72K	USD	1 Quarter
Loss from continuing operations	`IncomeLossFromContinuingOperations`	$-975.33K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$43.70K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$27.59K	USD	1 Quarter
Write-off of capitalized patents	`ImpairmentOfIntangibleAssetsFinitelived`	$10.87K	USD	1 Quarter
Write-off of capitalized patents	`ImpairmentOfIntangibleAssetsFinitelived`	-	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$143.36K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$26.62K	USD	1 Quarter
Prepayments and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-32.65K	USD	1 Quarter
Prepayments and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.04K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$36.25K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-55.36K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-85.08K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$15.18K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-885.20K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-587.03K	USD	1 Quarter
Net cash used on operating activities discontinued operations	`CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations`	$-942.18K	USD	1 Quarter
Net cash used on operating activities discontinued operations	`CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations`	$-409.87K	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.19K	USD	1 Quarter
Acquisition of intangible assets	`PaymentsToAcquireIntangibleAssets`	$33.56K	USD	1 Quarter
Acquisition of intangible assets	`PaymentsToAcquireIntangibleAssets`	$31.32K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-33.56K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-32.52K	USD	1 Quarter
Net cash used in investing activities discontinued operations	`CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations`	$-8.05K	USD	1 Quarter
Net cash used in investing activities discontinued operations	`CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations`	-	USD	1 Quarter
Net decrease in cash and cash equivalents continuing operations	`NetCashProvidedByUsedInContinuingOperations`	$-918.76K	USD	1 Quarter
Net decrease in cash and cash equivalents continuing operations	`NetCashProvidedByUsedInContinuingOperations`	$-619.55K	USD	1 Quarter
Net decrease in cash and cash equivalents discontinued operations	`NetCashProvidedByUsedInDiscontinuedOperations`	$-950.22K	USD	1 Quarter
Net decrease in cash and cash equivalents discontinued operations	`NetCashProvidedByUsedInDiscontinuedOperations`	$-409.87K	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$8.15M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$10.02M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$3.26M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.23M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$8.15M	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`	$3.26M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.23M	USD	Point-in-time

Stockholders Equity 13 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`	$3.53M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$9.72M	USD	Point-in-time
Conversion of preferred stock to common stock	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	-	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$192.03K	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$-25.81K	USD	1 Quarter
Net loss for the year	`NetIncomeLoss`	$-2.06M	USD	1 Quarter
Net loss for the year	`NetIncomeLoss`	$-1.04M	USD	1 Quarter
Ending balance	`StockholdersEquity`	$11.58M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$4.60M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$3.53M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$9.72M	USD	Point-in-time

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