10-Q Filing

ENERGY FOCUS, INC/DE CIK: 924168 Q1 2012

Filing Information

Form Type	10-Q
Accession Number	`0001193125-12-234603`
Period End Date	20120331
Filing Date	20120515
Fiscal Year	2012
Fiscal Period	Q1
XBRL Instance	efoi-20120331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 82 Income Statement 33 Cash Flow Statement 51 Comprehensive Income 6

Balance Sheet 82 line items

Line Item	Tag	Value	Unit	Period
Allowances for trade accounts receivable current	`AllowanceForDoubtfulAccountsReceivableCurrent`	$462.00K	USD	Point-in-time
Allowances for trade accounts receivable current	`AllowanceForDoubtfulAccountsReceivableCurrent`	$447.00K	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashCashEquivalentsAndRestrictedCash`	$2.14M	USD	Point-in-time
Cash and cash equivalents	`CashCashEquivalentsAndRestrictedCash`	$1.73M	USD	Point-in-time
Cash and cash equivalents	`CashCashEquivalentsAndRestrictedCash`	$4.11M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	2.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	2.00M	shares	Point-in-time
Cash and cash equivalents	`CashCashEquivalentsAndRestrictedCash`	$1.57M	USD	Point-in-time
Trade accounts receivable less allowances of $462 and $447, respectively	`AccountsReceivableNetCurrent`	$3.60M	USD	Point-in-time
Trade accounts receivable less allowances of $462 and $447, respectively	`AccountsReceivableNetCurrent`	$2.74M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Retainage receivable	`RetainageReceivable`	$474.00K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Retainage receivable	`RetainageReceivable`	$516.00K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Inventories, net	`InventoryNet`	$2.43M	USD	Point-in-time
Inventories, net	`InventoryNet`	$2.45M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	60.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	60.00M	shares	Point-in-time
Costs in excess of billings	`CostsInExcessOfBillingsOnUncompletedContractsOrProgramsExpectedToBeCollectedWithinOneYear`	$74.00K	USD	Point-in-time
Costs in excess of billings	`CostsInExcessOfBillingsOnUncompletedContractsOrProgramsExpectedToBeCollectedWithinOneYear`	$171.00K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	44.51M	shares	Point-in-time
Prepaid and other current assets	`PrepaidAndOtherCurrentAssets`	$881.00K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	24.91M	shares	Point-in-time
Prepaid and other current assets	`PrepaidAndOtherCurrentAssets`	$1.62M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	44.51M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$8.83M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$10.00M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	24.91M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.97M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$2.10M	USD	Point-in-time
Goodwill	`Goodwill`	$672.00K	USD	Point-in-time
Goodwill	`Goodwill`	$672.00K	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$1.03M	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$923.00K	USD	Point-in-time
Collateralized assets	`CollateralizedAssets`	$1.00M	USD	Point-in-time
Collateralized assets	`CollateralizedAssets`	$1.00M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$145.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$119.00K	USD	Point-in-time
Total assets	`Assets`	$14.68M	USD	Point-in-time
Total assets	`Assets`	$13.78M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$4.12M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$5.65M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$1.41M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$2.00M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$1.37M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$1.17M	USD	Point-in-time
Billings in excess of costs	`BillingsInExcessOfCostCurrent`	$572.00K	USD	Point-in-time
Billings in excess of costs	`BillingsInExcessOfCostCurrent`	$154.00K	USD	Point-in-time
Credit line borrowings	`LinesOfCreditCurrent`	$701.00K	USD	Point-in-time
Credit line borrowings	`LinesOfCreditCurrent`	$1.30M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$855.00K	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$50.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$10.73M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$8.63M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$71.00K	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$89.00K	USD	Point-in-time
Acquisition-related contingent liabilities	`AcquisitionRelatedContingentLiabilities`	$482.00K	USD	Point-in-time
Acquisition-related contingent liabilities	`AcquisitionRelatedContingentLiabilities`	$553.00K	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$966.00K	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$955.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$10.16M	USD	Point-in-time
Total liabilities	`Liabilities`	$12.31M	USD	Point-in-time
Preferred stock, par value $0.0001 per share: Authorized: 2,000,000 shares in 2012 and 2011 Issued and outstanding: no shares in 2012 and 2011	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, par value $0.0001 per share: Authorized: 2,000,000 shares in 2012 and 2011 Issued and outstanding: no shares in 2012 and 2011	`PreferredStockValue`	-	USD	Point-in-time
Common stock, par value $0.0001 per share: Authorized: 60,000,000 shares in 2012 and 2011 Issued and outstanding: 44,513,000 at March 31, 2012 and 24,913,000 at December 31, 2011	`CommonStockValue`	$1.00K	USD	Point-in-time
Common stock, par value $0.0001 per share: Authorized: 60,000,000 shares in 2012 and 2011 Issued and outstanding: 44,513,000 at March 31, 2012 and 24,913,000 at December 31, 2011	`CommonStockValue`	$4.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$75.96M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$80.84M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$448.00K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$420.00K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-74.92M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-76.78M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$1.47M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$4.51M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$14.68M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$13.78M	USD	Point-in-time

Income Statement 33 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$5.30M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$5.46M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$4.30M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$4.52M	USD	1 Quarter
Gross profit	`GrossProfit`	$1.16M	USD	1 Quarter
Gross profit	`GrossProfit`	$785.00K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$46.00K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$265.00K	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$1.27M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$1.94M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$1.58M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$1.15M	USD	1 Quarter
Valuation of equity instruments	`RevaluationOfEquityInstruments`	$56.00K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$3.83M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$2.47M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-1.69M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-2.67M	USD	1 Quarter
Other (expense) income	`NonoperatingIncomeExpense`	$-28.00K	USD	1 Quarter
Other (expense) income	`NonoperatingIncomeExpense`	$49.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$1.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$1.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$151.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$183.00K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-2.81M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-1.86M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$5.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$3.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.87M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.81M	USD	1 Quarter
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.06	USD	1 Quarter
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.12	USD	1 Quarter
Shares used in computing net loss per share - basic and diluted	`SharesUsedInComputingNetLossPerShareBasicAndDiluted`	31.62M	shares	1 Quarter
Shares used in computing net loss per share - basic and diluted	`SharesUsedInComputingNetLossPerShareBasicAndDiluted`	24.22M	shares	1 Quarter

Cash Flow Statement 51 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-1.87M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.81M	USD	1 Quarter
Depreciation	`Depreciation`	$150.00K	USD	1 Quarter
Depreciation	`Depreciation`	$183.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$183.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$58.00K	USD	1 Quarter
Valuation of equity instruments	`ValuationOfEquityInstruments`	$56.00K	USD	1 Quarter
Provision for doubtful accounts receivable	`ProvisionForDoubtfulAccounts`	$14.00K	USD	1 Quarter
Provision for doubtful accounts receivable	`ProvisionForDoubtfulAccounts`	$24.00K	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$104.00K	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$162.00K	USD	1 Quarter
Amortization of discounts on long-term borrowings	`AmortizationOfDebtDiscountPremium`	$77.00K	USD	1 Quarter
Amortization of discounts on long-term borrowings	`AmortizationOfDebtDiscountPremium`	$123.00K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$60.00K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$216.00K	USD	1 Quarter
Gain on disposal of fixed assets	`GainLossOnSaleOfPropertyPlantEquipment`	$10.00K	USD	1 Quarter
Accounts receivable, inventories, and other assets	`IncreaseDecreaseInAccountsReceivable`	$-992.00K	USD	1 Quarter
Accounts receivable, inventories, and other assets	`IncreaseDecreaseInAccountsReceivable`	$1.58M	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-1.80M	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-2.16M	USD	1 Quarter
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-3.11M	USD	1 Quarter
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-36.00K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-4.98M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.85M	USD	1 Quarter
Acquisition of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$126.00K	USD	1 Quarter
Acquisition of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$12.00K	USD	1 Quarter
Proceeds from the sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$9.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-117.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-12.00K	USD	1 Quarter
Proceeds from issuances of common stock, net	`ProceedsFromIssuanceOfCommonStock`	$413.00K	USD	1 Quarter
Proceeds from issuances of common stock, net	`ProceedsFromIssuanceOfCommonStock`	$4.83M	USD	1 Quarter
Payments on other borrowings	`RepaymentsOfLongTermDebt`	$849.00K	USD	1 Quarter
Net proceeds on credit line borrowings	`ProceedsFromRepaymentsOfLinesOfCredit`	$603.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$4.58M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$413.00K	USD	1 Quarter
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$17.00K	USD	1 Quarter
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$8.00K	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-403.00K	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.54M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashCashEquivalentsAndRestrictedCash`	$2.14M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsAndRestrictedCash`	$1.73M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsAndRestrictedCash`	$4.11M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsAndRestrictedCash`	$1.57M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsAndRestrictedCash`	$2.14M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsAndRestrictedCash`	$1.73M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsAndRestrictedCash`	$4.11M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsAndRestrictedCash`	$1.57M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsAndRestrictedCash`	$2.14M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsAndRestrictedCash`	$1.73M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsAndRestrictedCash`	$4.11M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsAndRestrictedCash`	$1.57M	USD	Point-in-time

Comprehensive Income 6 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-1.87M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.81M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease`	$47.00K	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease`	$28.00K	USD	1 Quarter
Comprehensive loss	`OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease`	$-1.84M	USD	1 Quarter
Comprehensive loss	`OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease`	$-2.77M	USD	1 Quarter

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