10-K Filing

GENASYS INC. CIK: 924383 FY 2012

Filing Information

Form Type	10-K
Accession Number	`0001193125-12-490634`
Period End Date	20120930
Filing Date	20121204
Fiscal Year	2012
Fiscal Period	FY
XBRL Instance	lrad-20120930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 66 Income Statement 45 Cash Flow Statement 59 Stockholders Equity 16

Balance Sheet 66 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable	`AllowanceForDoubtfulAccountsReceivable`	$4.37K	USD	Point-in-time
Accounts receivable	`AllowanceForDoubtfulAccountsReceivable`	-	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$13.87M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.42M	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$13.86M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$606.25K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Accounts receivable, less allowance of $4,372 and $0 for doubtful accounts	`AccountsReceivableNet`	$5.10M	USD	Point-in-time
Accounts receivable, less allowance of $4,372 and $0 for doubtful accounts	`AccountsReceivableNet`	$5.52M	USD	Point-in-time
Preferred stock shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Preferred stock shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Inventories, net	`InventoryNet`	$3.11M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Inventories, net	`InventoryNet`	$2.74M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssets`	$441.82K	USD	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
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	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
Assets of discontinued operations	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$6.25K	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
Total current assets	`AssetsCurrent`	$22.93M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$22.98M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$75.47K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$212.86K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$225.97K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$158.46K	USD	Point-in-time
Prepaid expenses and other - noncurrent	`PrepaidExpenseNoncurrent`	$1.22M	USD	Point-in-time
Prepaid expenses and other - noncurrent	`PrepaidExpenseNoncurrent`	$1.10M	USD	Point-in-time
Total assets	`Assets`	$24.50M	USD	Point-in-time
Total assets	`Assets`	$24.41M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$995.72K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.04M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$2.90M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$623.74K	USD	Point-in-time
Liabilities of discontinued operations	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$9.26K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.62M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.95M	USD	Point-in-time
Other liabilities - noncurrent	`OtherLiabilitiesNoncurrent`	$363.82K	USD	Point-in-time
Other liabilities - noncurrent	`OtherLiabilitiesNoncurrent`	$276.74K	USD	Point-in-time
Total liabilities	`Liabilities`	$4.23M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.98M	USD	Point-in-time
Commitments and contingencies (Note 12)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 12)	`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`	$86.36M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-63.94M	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`	$22.42M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$10.34M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$24.41M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$24.50M	USD	Point-in-time

Income Statement 45 line items

Line Item	Tag	Value	Unit	Period
Product sales	`SalesRevenueGoodsNet`	$14.22M	USD	Annual
Product sales	`SalesRevenueGoodsNet`	$26.02M	USD	Annual
Contract and other	`ContractAndOther`	$573.57K	USD	Annual
Contract and other	`ContractAndOther`	$486.44K	USD	Annual
Total revenues	`Revenues`	$26.51M	USD	Annual
Total revenues	`Revenues`	$14.79M	USD	Annual
Cost of revenues	`CostOfRevenue`	$10.58M	USD	Annual
Cost of revenues	`CostOfRevenue`	$7.31M	USD	Annual
Gross profit	`GrossProfit`	$7.48M	USD	Annual
Gross profit	`GrossProfit`	$15.93M	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$4.54M	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$8.46M	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$1.66M	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$2.48M	USD	Annual
Total operating expenses	`OperatingExpenses`	$10.95M	USD	Annual
Total operating expenses	`OperatingExpenses`	$6.20M	USD	Annual
Income from operations	`OperatingIncomeLoss`	$1.28M	USD	Annual
Income from operations	`OperatingIncomeLoss`	$4.98M	USD	Annual
Other income	`OtherNonoperatingIncomeExpense`	$33.90K	USD	Annual
Other income	`OtherNonoperatingIncomeExpense`	$46.97K	USD	Annual
Income from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$5.03M	USD	Annual
Income from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$1.31M	USD	Annual
Income tax (benefit) expense	`IncomeTaxExpenseBenefit`	$75.19K	USD	Annual
Income tax (benefit) expense	`IncomeTaxExpenseBenefit`	$-150.82K	USD	Annual
Income from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$1.46M	USD	Annual
Income from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$4.95M	USD	Annual
Income from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$69.45K	USD	Annual
Net income	`NetIncomeLoss`	$5.02M	USD	Annual
Net income	`NetIncomeLoss`	$1.46M	USD	Annual
Basic	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.05	USD	Annual
Basic	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.16	USD	Annual
Diluted	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.04	USD	Annual
Diluted	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.15	USD	Annual
Basic	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	-	USD	Annual
Basic	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	-	USD	Annual
Diluted	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	-	USD	Annual
Diluted	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	-	USD	Annual
Basic	`EarningsPerShareBasic`	$0.05	USD	Annual
Basic	`EarningsPerShareBasic`	$0.16	USD	Annual
Diluted	`EarningsPerShareDiluted`	$0.15	USD	Annual
Diluted	`EarningsPerShareDiluted`	$0.04	USD	Annual
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	32.37M	shares	Annual
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	31.76M	shares	Annual
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	32.72M	shares	Annual
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	33.02M	shares	Annual

Cash Flow Statement 59 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$5.02M	USD	Annual
Net income	`NetIncomeLoss`	$1.46M	USD	Annual
Less: Net income from discontinued operations (Note 16)	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$69.45K	USD	Annual
Net income from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$1.46M	USD	Annual
Net income from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$4.95M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$138.19K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$93.93K	USD	Annual
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$4.37K	USD	Annual
Warranty provision	`StandardProductWarrantyAccrualPeriodIncreaseDecrease`	$74.52K	USD	Annual
Warranty provision	`StandardProductWarrantyAccrualPeriodIncreaseDecrease`	$-33.57K	USD	Annual
Inventory obsolescence	`InventoryWriteDown`	$-16.25K	USD	Annual
Inventory obsolescence	`InventoryWriteDown`	$154.11K	USD	Annual
Share-based compensation	`ShareBasedCompensation`	$684.45K	USD	Annual
Share-based compensation	`ShareBasedCompensation`	$422.64K	USD	Annual
Loss on impairment of patents	`ImpairmentOfIntangibleAssetsFinitelived`	$22.55K	USD	Annual
Loss on impairment of patents	`ImpairmentOfIntangibleAssetsFinitelived`	$41.62K	USD	Annual
Restricted cash	`IncreaseDecreaseInRestrictedCashForOperatingActivities`	$606.25K	USD	Annual
Restricted cash	`IncreaseDecreaseInRestrictedCashForOperatingActivities`	$-606.25K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$424.12K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$910.15K	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$-64.83K	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$531.08K	USD	Annual
Prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-221.78K	USD	Annual
Prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$458.91K	USD	Annual
Prepaid expenses - noncurrent	`IncreaseDecreaseInPrepaidExpense`	$-116.73K	USD	Annual
Prepaid expenses - noncurrent	`IncreaseDecreaseInPrepaidExpense`	$1.16M	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-44.48K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$75.16K	USD	Annual
Warranty settlements	`StandardProductWarrantyAccrualPayments`	$-47.37K	USD	Annual
Warranty settlements	`StandardProductWarrantyAccrualPayments`	$-34.38K	USD	Annual
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-2.12M	USD	Annual
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$1.33M	USD	Annual
Net cash provided by operating activities of continuing operations	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$3.89M	USD	Annual
Net cash provided by operating activities of continuing operations	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$197.19K	USD	Annual
Net cash (used in) provided by operating activities of discontinued operations (Note 17)	`CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations`	$-3.01K	USD	Annual
Net cash (used in) provided by operating activities of discontinued operations (Note 17)	`CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations`	$131.69K	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$4.02M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$194.18K	USD	Annual
Purchase of equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$201.80K	USD	Annual
Purchase of equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$57.89K	USD	Annual
Patent costs paid	`PaymentsToAcquireIntangibleAssets`	$3.63K	USD	Annual
Patent costs paid	`PaymentsToAcquireIntangibleAssets`	$2.29K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-60.18K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-205.44K	USD	Annual
Proceeds from exercise of common stock warrants	`ProceedsFromIssuanceOfWarrants`	$4.35M	USD	Annual
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	-	USD	Annual
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$145.45K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$4.49M	USD	Annual
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$8.45M	USD	Annual
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-11.26K	USD	Annual
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$13.87M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$5.42M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$13.86M	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`	$5.42M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$13.86M	USD	Point-in-time
Cash paid for interest	`InterestPaid`	$108.00	USD	Annual
Cash (refunded) paid for taxes	`IncomeTaxesPaid`	$-152.34K	USD	Annual
Cash (refunded) paid for taxes	`IncomeTaxesPaid`	$222.18K	USD	Annual

Stockholders Equity 16 line items

Line Item	Tag	Value	Unit	Period
Issuance of common stock upon exercise of warrants, non-cash offering costs	`IssuanceOfCommonStockUponExerciseOfWarrantsNetOfferingCosts`	$2.16M	USD	Annual
Beginning balance	`StockholdersEquity`	$20.28M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$22.42M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$10.34M	USD	Point-in-time
Upon exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$145.45K	USD	Annual
Upon exercise of stock options, shares	`StockIssuedDuringPeriodSharesStockOptionsExercised`	131,765.00	shares	Annual
Upon exercise of stock options, shares	`StockIssuedDuringPeriodSharesStockOptionsExercised`	0.00	shares	Annual
Upon exercise of warrants (net of non-cash offering costs of $2,164,773)	`StockIssuedDuringPeriodValueStockWarrantsExercised`	$2.18M	USD	Annual
Issuance of warrants	`AdjustmentsToAdditionalPaidInCapitalWarrantIssued`	$2.16M	USD	Annual
Share-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$422.64K	USD	Annual
Share-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$684.45K	USD	Annual
Net income	`NetIncomeLoss`	$5.02M	USD	Annual
Net income	`NetIncomeLoss`	$1.46M	USD	Annual
Ending balance	`StockholdersEquity`	$20.28M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$22.42M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$10.34M	USD	Point-in-time

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