10-Q Filing

GENASYS INC. CIK: 924383 Q1 2013

Filing Information

Form Type	10-Q
Accession Number	`0001193125-13-041141`
Period End Date	20121231
Filing Date	20130206
Fiscal Year	2013
Fiscal Period	Q1
XBRL Instance	lrad-20121231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 62 Income Statement 31 Cash Flow Statement 49

Balance Sheet 62 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts receivable	`AllowanceForDoubtfulAccountsReceivable`	$4.17K	USD	Point-in-time
Allowance for doubtful accounts receivable	`AllowanceForDoubtfulAccountsReceivable`	$4.37K	USD	Point-in-time
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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$13.87M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$16.14M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$13.85M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$13.86M	USD	Point-in-time
Accounts receivable, less allowance of $4,172 and $4,372 for doubtful accounts	`AccountsReceivableNet`	$2.27M	USD	Point-in-time
Accounts receivable, less allowance of $4,172 and $4,372 for doubtful accounts	`AccountsReceivableNet`	$5.52M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	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
Inventories, net	`InventoryNet`	$4.19M	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, par value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssets`	$356.92K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$22.93M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$22.96M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	32.40M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	32.37M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$212.86K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$264.60K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$158.46K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$148.50K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	32.37M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	32.40M	shares	Point-in-time
Prepaid expenses and other-noncurrent	`PrepaidExpenseNoncurrent`	$1.06M	USD	Point-in-time
Prepaid expenses and other-noncurrent	`PrepaidExpenseNoncurrent`	$1.10M	USD	Point-in-time
Total assets	`Assets`	$24.43M	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`	$791.41K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$722.43K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$623.74K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.51M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.62M	USD	Point-in-time
Other liabilities-noncurrent	`OtherLiabilitiesNoncurrent`	$363.82K	USD	Point-in-time
Other liabilities-noncurrent	`OtherLiabilitiesNoncurrent`	$364.86K	USD	Point-in-time
Total liabilities	`Liabilities`	$1.98M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.88M	USD	Point-in-time
Commitments and contingencies (Note 8)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 8)	`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; 32,399,199 and 32,374,499 shares issued and outstanding, respectively	`CommonStockValue`	$324.00	USD	Point-in-time
Common stock, $0.00001 par value; 50,000,000 shares authorized; 32,399,199 and 32,374,499 shares issued and outstanding, respectively	`CommonStockValue`	$324.00	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$86.36M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$86.58M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-64.04M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-63.94M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$22.42M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$22.55M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$24.41M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$24.43M	USD	Point-in-time

Income Statement 31 line items

Line Item	Tag	Value	Unit	Period
Product sales	`SalesRevenueGoodsNet`	$2.76M	USD	1 Quarter
Product sales	`SalesRevenueGoodsNet`	$3.55M	USD	1 Quarter
Contract and other	`ContractAndOther`	$217.76K	USD	1 Quarter
Contract and other	`ContractAndOther`	$66.58K	USD	1 Quarter
Total revenues	`Revenues`	$2.98M	USD	1 Quarter
Total revenues	`Revenues`	$3.61M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$1.86M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$1.49M	USD	1 Quarter
Gross profit	`GrossProfit`	$1.49M	USD	1 Quarter
Gross profit	`GrossProfit`	$1.75M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$1.06M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$1.17M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$381.32K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$421.92K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$1.59M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$1.44M	USD	1 Quarter
(Loss) income from operations	`OperatingIncomeLoss`	$-108.57K	USD	1 Quarter
(Loss) income from operations	`OperatingIncomeLoss`	$310.72K	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$8.20K	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$12.94K	USD	1 Quarter
(Loss) income from operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-100.38K	USD	1 Quarter
(Loss) income from operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$323.66K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$9.71K	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$313.95K	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$-100.38K	USD	1 Quarter
Net income per common share-basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Net income per common share-basic and diluted	`EarningsPerShareBasicAndDiluted`	$0.01	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	32.37M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	32.40M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	33.06M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	32.40M	shares	1 Quarter

Cash Flow Statement 49 line items

Line Item	Tag	Value	Unit	Period
Net (loss) income	`NetIncomeLoss`	$313.95K	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$-100.38K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$22.78K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$30.72K	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$-200.00	USD	1 Quarter
Warranty provision	`StandardProductWarrantyAccrualPeriodIncreaseDecrease`	$-9.45K	USD	1 Quarter
Warranty provision	`StandardProductWarrantyAccrualPeriodIncreaseDecrease`	$64.31K	USD	1 Quarter
Inventory obsolescence	`InventoryWriteDown`	$-29.70K	USD	1 Quarter
Inventory obsolescence	`InventoryWriteDown`	$162.60K	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$205.98K	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$139.29K	USD	1 Quarter
Loss on sale or impairment of patents	`ImpairmentOfIntangibleAssetsFinitelived`	$10.62K	USD	1 Quarter
Loss on sale or impairment of patents	`ImpairmentOfIntangibleAssetsFinitelived`	$5.14K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-2.36M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-3.25M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$366.92K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$1.05M	USD	1 Quarter
Prepaid expenses and other	`IncreaseDecreaseInPrepaidExpenseAndOtherAssets`	$-84.90K	USD	1 Quarter
Prepaid expenses and other	`IncreaseDecreaseInPrepaidExpenseAndOtherAssets`	$-107.45K	USD	1 Quarter
Prepaid expenses-noncurrent	`IncreaseDecreaseInPrepaidExpense`	$-46.88K	USD	1 Quarter
Prepaid expenses-noncurrent	`IncreaseDecreaseInPrepaidExpense`	$-15.52K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-443.88K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-204.31K	USD	1 Quarter
Warranty settlements	`StandardProductWarrantyAccrualPayments`	$-13.10K	USD	1 Quarter
Warranty settlements	`StandardProductWarrantyAccrualPayments`	$-4.28K	USD	1 Quarter
Accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-2.39M	USD	1 Quarter
Accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$113.45K	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$2.34M	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-21.54K	USD	1 Quarter
Purchase of equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.62K	USD	1 Quarter
Purchase of equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$76.66K	USD	1 Quarter
Patent costs paid	`PaymentsToAcquireIntangibleAssets`	$227.00	USD	1 Quarter
Patent costs paid	`PaymentsToAcquireIntangibleAssets`	$983.00	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-77.64K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-3.84K	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$19.23K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$19.23K	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-25.39K	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$2.28M	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$13.87M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$16.14M	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`	$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`	$16.14M	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`	$13.86M	USD	Point-in-time
Cash (refunded) paid for taxes	`IncomeTaxesPaid`	$50.00K	USD	1 Quarter
Cash (refunded) paid for taxes	`IncomeTaxesPaid`	$-40.32K	USD	1 Quarter

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