10-Q Filing

GENASYS INC. CIK: 924383 Q3 2012

Filing Information

Form Type	10-Q
Accession Number	`0001193125-12-340807`
Period End Date	20120630
Filing Date	20120807
Fiscal Year	2012
Fiscal Period	Q3
XBRL Instance	lrad-20120630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 66 Income Statement 78 Cash Flow Statement 65

Balance Sheet 66 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
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$14.36M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$13.87M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$13.06M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.42M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	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 outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Accounts receivable	`AccountsReceivableNet`	$2.10M	USD	Point-in-time
Accounts receivable	`AccountsReceivableNet`	$5.10M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Inventories, net	`InventoryNet`	$3.12M	USD	Point-in-time
Inventories, net	`InventoryNet`	$2.74M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	32.37M	shares	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssets`	$736.43K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	32.37M	shares	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssets`	$663.60K	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
Assets of discontinued operations	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$6.25K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$22.98M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$20.92M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsNoncurrent`	$39.41K	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsNoncurrent`	-	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$185.04K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$75.47K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$225.97K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$187.75K	USD	Point-in-time
Prepaid expense, non-current assets	`PrepaidExpenseNoncurrent`	$1.11M	USD	Point-in-time
Prepaid expense, non-current assets	`PrepaidExpenseNoncurrent`	$1.22M	USD	Point-in-time
Total assets	`Assets`	$24.50M	USD	Point-in-time
Total assets	`Assets`	$22.45M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.04M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$593.01K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$557.16K	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`	$3.95M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.15M	USD	Point-in-time
Other liabilities - noncurrent	`OtherLiabilitiesNoncurrent`	$321.41K	USD	Point-in-time
Other liabilities - noncurrent	`OtherLiabilitiesNoncurrent`	$276.74K	USD	Point-in-time
Total liabilities	`Liabilities`	$1.47M	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`	$86.15M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-65.18M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-65.40M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$20.28M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$20.97M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$24.50M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$22.45M	USD	Point-in-time

Income Statement 78 line items

Line Item	Tag	Value	Unit	Period
Product sales	`SalesRevenueGoodsNet`	$8.82M	USD	3 Qtrs
Product sales	`SalesRevenueGoodsNet`	$19.70M	USD	3 Qtrs
Product sales	`SalesRevenueGoodsNet`	$2.26M	USD	1 Quarter
Product sales	`SalesRevenueGoodsNet`	$2.94M	USD	1 Quarter
Contract and other	`ContractAndOther`	$393.44K	USD	3 Qtrs
Contract and other	`ContractAndOther`	$351.02K	USD	3 Qtrs
Contract and other	`ContractAndOther`	$224.73K	USD	1 Quarter
Contract and other	`ContractAndOther`	$120.84K	USD	1 Quarter
Total revenues	`Revenues`	$2.38M	USD	1 Quarter
Total revenues	`Revenues`	$9.17M	USD	3 Qtrs
Total revenues	`Revenues`	$3.16M	USD	1 Quarter
Total revenues	`Revenues`	$20.09M	USD	3 Qtrs
Cost of revenues	`CostOfRevenue`	$7.33M	USD	3 Qtrs
Cost of revenues	`CostOfRevenue`	$4.53M	USD	3 Qtrs
Cost of revenues	`CostOfRevenue`	$1.48M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$1.59M	USD	1 Quarter
Gross profit	`GrossProfit`	$4.64M	USD	3 Qtrs
Gross profit	`GrossProfit`	$1.57M	USD	1 Quarter
Gross profit	`GrossProfit`	$904.86K	USD	1 Quarter
Gross profit	`GrossProfit`	$12.77M	USD	3 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$1.12M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$6.56M	USD	3 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$1.12M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$3.37M	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$414.46K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$1.56M	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$1.23M	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$514.18K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$1.53M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$8.12M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$1.63M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$4.60M	USD	3 Qtrs
Income (Loss) from operations	`OperatingIncomeLoss`	$4.64M	USD	3 Qtrs
Income (Loss) from operations	`OperatingIncomeLoss`	$-728.05K	USD	1 Quarter
Income (Loss) from operations	`OperatingIncomeLoss`	$45.11K	USD	3 Qtrs
Income (Loss) from operations	`OperatingIncomeLoss`	$40.08K	USD	1 Quarter
Interest income	`OtherNonoperatingIncomeExpense`	$4.50K	USD	1 Quarter
Interest income	`OtherNonoperatingIncomeExpense`	$12.69K	USD	3 Qtrs
Interest income	`OtherNonoperatingIncomeExpense`	$26.50K	USD	3 Qtrs
Interest income	`OtherNonoperatingIncomeExpense`	$6.78K	USD	1 Quarter
Income (Loss) from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$71.62K	USD	3 Qtrs
Income (Loss) from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$4.66M	USD	3 Qtrs
Income (Loss) from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$46.86K	USD	1 Quarter
Income (Loss) from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-723.55K	USD	1 Quarter
Income tax (benefit) expense	`IncomeTaxExpenseBenefit`	$73.98K	USD	3 Qtrs
Income tax (benefit) expense	`IncomeTaxExpenseBenefit`	$-153.52K	USD	1 Quarter
Income tax (benefit) expense	`IncomeTaxExpenseBenefit`	$-38.11K	USD	1 Quarter
Income tax (benefit) expense	`IncomeTaxExpenseBenefit`	$-150.82K	USD	3 Qtrs
Income (loss) from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$200.38K	USD	1 Quarter
Income (loss) from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$4.58M	USD	3 Qtrs
Income (loss) from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$222.43K	USD	3 Qtrs
Income (loss) from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-685.44K	USD	1 Quarter
Income from discontinued operations, net of tax	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$83.23K	USD	3 Qtrs
Income from discontinued operations, net of tax	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$1.61K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$4.67M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$200.38K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-683.83K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$222.43K	USD	3 Qtrs
Continuing operations	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$0.01	USD	3 Qtrs
Continuing operations	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$0.15	USD	3 Qtrs
Continuing operations	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.02	USD	1 Quarter
Continuing operations	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$0.01	USD	1 Quarter
Discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare`	-	USD	1 Quarter
Discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare`	-	USD	3 Qtrs
Discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare`	-	USD	1 Quarter
Discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare`	-	USD	3 Qtrs
Total	`EarningsPerShareBasicAndDiluted`	$0.15	USD	3 Qtrs
Total	`EarningsPerShareBasicAndDiluted`	$0.01	USD	3 Qtrs
Total	`EarningsPerShareBasicAndDiluted`	$0.01	USD	1 Quarter
Total	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	30.62M	shares	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	32.34M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	32.37M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	32.37M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	33.49M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	31.56M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	32.34M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	33.17M	shares	3 Qtrs

Cash Flow Statement 65 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$4.67M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$200.38K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-683.83K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$222.43K	USD	3 Qtrs
Less: Net income from discontinued operations (Note 15)	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$83.23K	USD	3 Qtrs
Less: Net income from discontinued operations (Note 15)	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$1.61K	USD	1 Quarter
Income (loss) from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$200.38K	USD	1 Quarter
Income (loss) from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$4.58M	USD	3 Qtrs
Income (loss) from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$222.43K	USD	3 Qtrs
Income (loss) from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-685.44K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$115.36K	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$66.94K	USD	3 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$-24.00K	USD	3 Qtrs
Warranty provision	`StandardProductWarrantyAccrualPeriodIncreaseDecrease`	$-31.89K	USD	3 Qtrs
Warranty provision	`StandardProductWarrantyAccrualPeriodIncreaseDecrease`	$109.90K	USD	3 Qtrs
Inventory obsolescence	`InventoryWriteDown`	$18.86K	USD	3 Qtrs
Inventory obsolescence	`InventoryWriteDown`	$112.19K	USD	3 Qtrs
Share-based compensation	`ShareBasedCompensation`	$476.78K	USD	3 Qtrs
Share-based compensation	`ShareBasedCompensation`	$306.99K	USD	3 Qtrs
Loss on impairment of patents	`ImpairmentOfIntangibleAssetsFinitelived`	$20.66K	USD	3 Qtrs
Loss on impairment of patents	`ImpairmentOfIntangibleAssetsFinitelived`	$18.20K	USD	3 Qtrs
Restricted cash	`IncreaseDecreaseInRestrictedCashForOperatingActivities`	$606.25K	USD	3 Qtrs
Restricted cash	`IncreaseDecreaseInRestrictedCashForOperatingActivities`	$39.41K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-1.99M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-2.99M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$493.94K	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$918.12K	USD	3 Qtrs
Prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$531.51K	USD	3 Qtrs
Prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$72.83K	USD	3 Qtrs
Prepaid expenses - noncurrent	`IncreaseDecreaseInPrepaidExpense`	$1.27M	USD	3 Qtrs
Prepaid expenses - noncurrent	`IncreaseDecreaseInPrepaidExpense`	$-109.27K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-447.20K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-497.88K	USD	3 Qtrs
Warranty settlements	`StandardProductWarrantyAccrualPayments`	$-32.98K	USD	3 Qtrs
Warranty settlements	`StandardProductWarrantyAccrualPayments`	$-19.20K	USD	3 Qtrs
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-2.25M	USD	3 Qtrs
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-167.71K	USD	3 Qtrs
Net provided by operating activities of continuing operations	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$649.47K	USD	3 Qtrs
Net provided by operating activities of continuing operations	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$3.10M	USD	3 Qtrs
Net cash (used in) provided by operating activities of discontinued operations (Note 15)	`CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations`	$-3.01K	USD	3 Qtrs
Net cash (used in) provided by operating activities of discontinued operations (Note 15)	`CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations`	$114.45K	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$646.46K	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$3.22M	USD	3 Qtrs
Purchase of equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$41.65K	USD	3 Qtrs
Purchase of equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$154.14K	USD	3 Qtrs
Patent costs paid	`PaymentsToAcquireIntangibleAssets`	$761.00	USD	3 Qtrs
Patent costs paid	`PaymentsToAcquireIntangibleAssets`	$2.37K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-156.50K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-42.41K	USD	3 Qtrs
Proceeds from exercise of common stock warrants	`ProceedsFromIssuanceOfWarrants`	$4.35M	USD	3 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$118.36K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$4.46M	USD	3 Qtrs
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$489.95K	USD	3 Qtrs
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$7.64M	USD	3 Qtrs
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$14.36M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$13.87M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$13.06M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$5.42M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$14.36M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$13.87M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$13.06M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$5.42M	USD	Point-in-time
Cash paid for interest	`InterestPaid`	$108.00	USD	3 Qtrs
Cash paid for taxes	`IncomeTaxesPaid`	$60.02K	USD	3 Qtrs
Cash paid for taxes	`IncomeTaxesPaid`	$222.18K	USD	3 Qtrs

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