10-Q Filing

GENASYS INC. CIK: 924383 Q1 2012

Filing Information

Form Type	10-Q
Accession Number	`0001193125-12-043870`
Period End Date	20111231
Filing Date	20120207
Fiscal Year	2012
Fiscal Period	Q1
XBRL Instance	lrad-20111231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 64 Income Statement 38 Cash Flow Statement 56

Balance Sheet 64 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.42M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$13.85M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.61M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$13.87M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$606.25K	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$606.25K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accounts receivable	`AccountsReceivableNet`	$2.74M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accounts receivable	`AccountsReceivableNet`	$5.10M	USD	Point-in-time
Inventories, net	`InventoryNet`	$2.74M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Inventories, net	`InventoryNet`	$2.95M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssets`	$556.15K	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
Prepaid expenses and other	`PrepaidExpenseAndOtherAssets`	$663.60K	USD	Point-in-time
Assets of discontinued operations	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$6.25K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	32.37M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	32.37M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$20.69M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$22.98M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	32.37M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	32.37M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$63.96K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$75.47K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$207.93K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$225.97K	USD	Point-in-time
Prepaid expenses - noncurrent	`PrepaidExpenseNoncurrent`	$1.20M	USD	Point-in-time
Prepaid expenses - noncurrent	`PrepaidExpenseNoncurrent`	$1.22M	USD	Point-in-time
Total assets	`Assets`	$24.50M	USD	Point-in-time
Total assets	`Assets`	$22.17M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.04M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$596.32K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$539.57K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$2.90M	USD	Point-in-time
Liabilities of discontinued operations	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$9.26K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.14M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.95M	USD	Point-in-time
Other liabilities - noncurrent	`OtherLiabilitiesNoncurrent`	$304.42K	USD	Point-in-time
Other liabilities - noncurrent	`OtherLiabilitiesNoncurrent`	$276.74K	USD	Point-in-time
Total liabilities	`Liabilities`	$1.44M	USD	Point-in-time
Total liabilities	`Liabilities`	$4.23M	USD	Point-in-time
Commitments and contingencies (Note 11)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 11)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $0.00001 par value; 5,000,000 shares authorized;none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.00001 par value; 5,000,000 shares authorized;none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.00001 par value; 50,000,000 shares authorized; 32,374,499 shares issued and outstanding each period	`CommonStockValue`	$324.00	USD	Point-in-time
Common stock, $0.00001 par value; 50,000,000 shares authorized; 32,374,499 shares issued and outstanding each period	`CommonStockValue`	$324.00	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$85.67M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$85.81M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-65.08M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-65.40M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$20.73M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$20.28M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$22.17M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$24.50M	USD	Point-in-time

Income Statement 38 line items

Line Item	Tag	Value	Unit	Period
Product sales	`SalesRevenueGoodsNet`	$2.14M	USD	1 Quarter
Product sales	`SalesRevenueGoodsNet`	$3.55M	USD	1 Quarter
Contract and other	`ContractAndOther`	$66.58K	USD	1 Quarter
Contract and other	`ContractAndOther`	$67.40K	USD	1 Quarter
Total revenues	`Revenues`	$2.21M	USD	1 Quarter
Total revenues	`Revenues`	$3.61M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$1.21M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$1.86M	USD	1 Quarter
Gross profit	`GrossProfit`	$992.38K	USD	1 Quarter
Gross profit	`GrossProfit`	$1.75M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$1.05M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$1.06M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$381.32K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$379.22K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$1.44M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$1.43M	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$310.72K	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$-440.57K	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$12.94K	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$3.68K	USD	1 Quarter
Income (loss) from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$323.66K	USD	1 Quarter
Income (loss) from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-436.89K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$9.71K	USD	1 Quarter
Income (loss) from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$313.95K	USD	1 Quarter
Income (loss) from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-436.89K	USD	1 Quarter
Income from discontinued operations, net of tax	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$81.52K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$313.95K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-355.37K	USD	1 Quarter
Continuing operations	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.01	USD	1 Quarter
Continuing operations	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$0.01	USD	1 Quarter
Discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare`	-	USD	1 Quarter
Discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare`	-	USD	1 Quarter
Total net income (loss) per common share - basic and diluted	`IncomeLossFromOperationsBeforeExtraordinaryItemsPerBasicAndDilutedShare`	$0.01	USD	1 Quarter
Total net income (loss) per common share - basic and diluted	`IncomeLossFromOperationsBeforeExtraordinaryItemsPerBasicAndDilutedShare`	$-0.01	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	32.37M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	30.63M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	33.06M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	30.63M	shares	1 Quarter

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$313.95K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-355.37K	USD	1 Quarter
Less: Net income from discontinued operations (Note 16)	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$81.52K	USD	1 Quarter
Income (loss) from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$313.95K	USD	1 Quarter
Income (loss) from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-436.89K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$22.78K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$48.30K	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$56.00K	USD	1 Quarter
Warranty provision	`StandardProductWarrantyAccrualPeriodIncreaseDecrease`	$-14.95K	USD	1 Quarter
Warranty provision	`StandardProductWarrantyAccrualPeriodIncreaseDecrease`	$64.31K	USD	1 Quarter
Inventory obsolescence	`InventoryWriteDown`	$-38.74K	USD	1 Quarter
Inventory obsolescence	`InventoryWriteDown`	$162.60K	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$139.29K	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$113.30K	USD	1 Quarter
Loss on impairment of patents	`ImpairmentOfIntangibleAssetsFinitelived`	$10.62K	USD	1 Quarter
Loss on impairment of patents	`ImpairmentOfIntangibleAssetsFinitelived`	$1.75K	USD	1 Quarter
Restricted cash	`IncreaseDecreaseInRestrictedCashForOperatingActivities`	$3.03M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-2.36M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-2.20M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$373.17K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$2.97M	USD	1 Quarter
Prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$10.98K	USD	1 Quarter
Prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-107.45K	USD	1 Quarter
Prepaid expenses - noncurrent	`IncreaseDecreaseInPrepaidExpense`	$-15.52K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.27M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-443.88K	USD	1 Quarter
Warranty settlements	`StandardProductWarrantyAccrualPayments`	$-15.84K	USD	1 Quarter
Warranty settlements	`StandardProductWarrantyAccrualPayments`	$-13.10K	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-2.38M	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$822.85K	USD	1 Quarter
Net cash used in operating activities of continuing operations	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-2.00M	USD	1 Quarter
Net cash used in operating activities of continuing operations	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-18.53K	USD	1 Quarter
Net cash used in (provided by) operating activities of discontinued operations (Note 16)	`CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations`	$-3.01K	USD	1 Quarter
Net cash used in (provided by) operating activities of discontinued operations (Note 16)	`CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations`	$100.72K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.90M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-21.54K	USD	1 Quarter
Purchase of equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.62K	USD	1 Quarter
Purchase of equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$6.96K	USD	1 Quarter
Patent costs paid	`PaymentsToAcquireIntangibleAssets`	$55.00	USD	1 Quarter
Patent costs paid	`PaymentsToAcquireIntangibleAssets`	$227.00	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-7.01K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-3.84K	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$94.84K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$94.84K	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-25.39K	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.81M	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$5.42M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$13.85M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$3.61M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$13.87M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$5.42M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$13.85M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$3.61M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$13.87M	USD	Point-in-time
Cash paid for taxes	`IncomeTaxesPaid`	$108.00K	USD	1 Quarter
Cash paid for taxes	`IncomeTaxesPaid`	$50.00K	USD	1 Quarter

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