10-Q Filing

GENASYS INC. CIK: 924383 Q3 2013

Filing Information

Form Type	10-Q
Accession Number	`0001437749-13-010002`
Period End Date	20130630
Filing Date	20130806
Fiscal Year	2013
Fiscal Period	Q3
XBRL Instance	lrad-20130630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 58 Income Statement 63 Cash Flow Statement 55

Balance Sheet 58 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts receivable (in Dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$4.37K	USD	Point-in-time
Allowance for doubtful accounts receivable (in Dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$3.97K	USD	Point-in-time
Preferred stock par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Preferred stock par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$13.87M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$14.36M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$13.86M	USD	Point-in-time
Preferred stock, shares authorized (in Shares)	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$15.06M	USD	Point-in-time
Preferred stock, shares authorized (in Shares)	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Accounts receivable, less allowance of $3,972 and $4,372 for doubtful accounts	`AccountsReceivableNetCurrent`	$5.52M	USD	Point-in-time
Accounts receivable, less allowance of $3,972 and $4,372 for doubtful accounts	`AccountsReceivableNetCurrent`	$1.17M	USD	Point-in-time
Preferred stock, shares issued (in Shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued (in Shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares outstanding (in Shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Inventories, net	`InventoryNet`	$5.25M	USD	Point-in-time
Inventories, net	`InventoryNet`	$3.11M	USD	Point-in-time
Preferred stock, shares outstanding (in Shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Common stock par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$441.82K	USD	Point-in-time
Common stock par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$466.50K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$21.94M	USD	Point-in-time
Common stock, shares authorized (in Shares)	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Common stock, shares authorized (in Shares)	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$22.93M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$258.20K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$212.86K	USD	Point-in-time
Common stock, shares issued (in Shares)	`CommonStockSharesIssued`	32.50M	shares	Point-in-time
Common stock, shares issued (in Shares)	`CommonStockSharesIssued`	32.37M	shares	Point-in-time
Common stock, shares outstanding (in Shares)	`CommonStockSharesOutstanding`	32.37M	shares	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$138.58K	USD	Point-in-time
Common stock, shares outstanding (in Shares)	`CommonStockSharesOutstanding`	32.50M	shares	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$158.46K	USD	Point-in-time
Prepaid expenses and other - noncurrent	`PrepaidExpenseAndOtherAssetsNoncurrent`	$961.39K	USD	Point-in-time
Prepaid expenses and other - noncurrent	`PrepaidExpenseAndOtherAssetsNoncurrent`	$1.10M	USD	Point-in-time
Total assets	`Assets`	$24.41M	USD	Point-in-time
Total assets	`Assets`	$23.29M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$909.05K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$995.72K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$623.74K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$524.85K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.62M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.43M	USD	Point-in-time
Other liabilities - noncurrent	`OtherLiabilitiesNoncurrent`	$419.36K	USD	Point-in-time
Other liabilities - noncurrent	`OtherLiabilitiesNoncurrent`	$363.82K	USD	Point-in-time
Total liabilities	`Liabilities`	$1.85M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.98M	USD	Point-in-time
Common stock, $0.00001 par value; 50,000,000 shares authorized; 32,499,199 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; 32,499,199 and 32,374,499 shares issued and outstanding, respectively	`CommonStockValue`	$325.00	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$86.36M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$87.05M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-63.94M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-65.60M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$21.44M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$22.42M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$23.29M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$24.41M	USD	Point-in-time

Income Statement 63 line items

Line Item	Tag	Value	Unit	Period
Product sales	`SalesRevenueGoodsNet`	$1.91M	USD	1 Quarter
Product sales	`SalesRevenueGoodsNet`	$2.94M	USD	1 Quarter
Product sales	`SalesRevenueGoodsNet`	$7.56M	USD	3 Qtrs
Product sales	`SalesRevenueGoodsNet`	$8.82M	USD	3 Qtrs
Contract and other	`SalesRevenueServicesNet`	$224.73K	USD	1 Quarter
Contract and other	`SalesRevenueServicesNet`	$351.02K	USD	3 Qtrs
Contract and other	`SalesRevenueServicesNet`	$252.13K	USD	1 Quarter
Contract and other	`SalesRevenueServicesNet`	$772.23K	USD	3 Qtrs
Total revenues	`Revenues`	$9.17M	USD	3 Qtrs
Total revenues	`Revenues`	$8.33M	USD	3 Qtrs
Total revenues	`Revenues`	$3.16M	USD	1 Quarter
Total revenues	`Revenues`	$2.16M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$4.56M	USD	3 Qtrs
Cost of revenues	`CostOfRevenue`	$4.53M	USD	3 Qtrs
Cost of revenues	`CostOfRevenue`	$1.59M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$1.24M	USD	1 Quarter
Gross profit	`GrossProfit`	$1.57M	USD	1 Quarter
Gross profit	`GrossProfit`	$915.45K	USD	1 Quarter
Gross profit	`GrossProfit`	$4.64M	USD	3 Qtrs
Gross profit	`GrossProfit`	$3.76M	USD	3 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$3.37M	USD	3 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$1.12M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$1.61M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$4.15M	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$423.43K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$414.46K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$1.30M	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$1.23M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$2.03M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$5.45M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$4.60M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$1.53M	USD	1 Quarter
(Loss) income from operations	`OperatingIncomeLoss`	$45.11K	USD	3 Qtrs
(Loss) income from operations	`OperatingIncomeLoss`	$-1.12M	USD	1 Quarter
(Loss) income from operations	`OperatingIncomeLoss`	$40.08K	USD	1 Quarter
(Loss) income from operations	`OperatingIncomeLoss`	$-1.69M	USD	3 Qtrs
Other income	`OtherNonoperatingIncomeExpense`	$22.16K	USD	3 Qtrs
Other income	`OtherNonoperatingIncomeExpense`	$6.78K	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$26.50K	USD	3 Qtrs
Other income	`OtherNonoperatingIncomeExpense`	$6.81K	USD	1 Quarter
(Loss) income from operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.67M	USD	3 Qtrs
(Loss) income from operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$46.86K	USD	1 Quarter
(Loss) income from operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$71.62K	USD	3 Qtrs
(Loss) income from operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.11M	USD	1 Quarter
Income tax (benefit) expense	`IncomeTaxExpenseBenefit`	$-150.82K	USD	3 Qtrs
Income tax (benefit) expense	`IncomeTaxExpenseBenefit`	$1.60K	USD	3 Qtrs
Income tax (benefit) expense	`IncomeTaxExpenseBenefit`	$-153.52K	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$-1.67M	USD	3 Qtrs
Net (loss) income	`NetIncomeLoss`	$200.38K	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$-1.11M	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$222.43K	USD	3 Qtrs
Net (loss) income per common share - basic and diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.01	USD	3 Qtrs
Net (loss) income per common share - basic and diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.03	USD	1 Quarter
Net (loss) income per common share - basic and diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.05	USD	3 Qtrs
Net (loss) income per common share - basic and diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.01	USD	1 Quarter
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	32.37M	shares	3 Qtrs
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	32.41M	shares	3 Qtrs
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	32.43M	shares	1 Quarter
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	32.37M	shares	1 Quarter
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	33.49M	shares	1 Quarter
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	33.17M	shares	3 Qtrs
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	32.41M	shares	3 Qtrs
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	32.43M	shares	1 Quarter

Cash Flow Statement 55 line items

Line Item	Tag	Value	Unit	Period
Net (loss) income	`NetIncomeLoss`	$-1.67M	USD	3 Qtrs
Net (loss) income	`NetIncomeLoss`	$200.38K	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$-1.11M	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$222.43K	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$66.94K	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$106.48K	USD	3 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$-400.00	USD	3 Qtrs
Warranty provision	`ProductWarrantyAccrualWarrantiesIssued`	$834.00	USD	3 Qtrs
Warranty provision	`ProductWarrantyAccrualWarrantiesIssued`	$31.89K	USD	3 Qtrs
Warranty provision	`ProductWarrantyAccrualWarrantiesIssued`	$-8.12K	USD	1 Quarter
Warranty provision	`ProductWarrantyAccrualWarrantiesIssued`	$7.30K	USD	1 Quarter
Inventory obsolescence	`InventoryWriteDown`	$-219.42K	USD	3 Qtrs
Inventory obsolescence	`InventoryWriteDown`	$112.19K	USD	3 Qtrs
Share-based compensation	`ShareBasedCompensation`	$582.06K	USD	3 Qtrs
Share-based compensation	`ShareBasedCompensation`	$476.78K	USD	3 Qtrs
Loss on sale or impairment of patents	`ImpairmentOfIntangibleAssetsFinitelived`	$18.20K	USD	3 Qtrs
Loss on sale or impairment of patents	`ImpairmentOfIntangibleAssetsFinitelived`	$5.14K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-2.99M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-4.35M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$487.69K	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$1.91M	USD	3 Qtrs
Prepaid expenses and other	`IncreaseDecreaseInPrepaidExpense`	$24.67K	USD	3 Qtrs
Prepaid expenses and other	`IncreaseDecreaseInPrepaidExpense`	$72.83K	USD	3 Qtrs
Prepaid expenses and other - noncurrent	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-69.86K	USD	3 Qtrs
Prepaid expenses and other - noncurrent	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-140.62K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-447.20K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-86.67K	USD	3 Qtrs
Warranty settlements	`ProductWarrantyAccrualPayments`	$-19.20K	USD	3 Qtrs
Warranty settlements	`ProductWarrantyAccrualPayments`	$-11.59K	USD	3 Qtrs
Warranty settlements	`ProductWarrantyAccrualPayments`	$-5.81K	USD	1 Quarter
Warranty settlements	`ProductWarrantyAccrualPayments`	$-4.18K	USD	1 Quarter
Accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-30.93K	USD	3 Qtrs
Accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-2.26M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$646.46K	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.23M	USD	3 Qtrs
Purchase of equipment	`PaymentsToAcquireMachineryAndEquipment`	$134.35K	USD	3 Qtrs
Purchase of equipment	`PaymentsToAcquireMachineryAndEquipment`	$154.14K	USD	3 Qtrs
Patent costs paid	`PaymentsToAcquireIntangibleAssets`	$2.73K	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`	$-137.08K	USD	3 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$105.23K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$105.23K	USD	3 Qtrs
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$489.95K	USD	3 Qtrs
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.20M	USD	3 Qtrs
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$13.87M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$14.36M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$13.86M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$15.06M	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`	$14.36M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$13.86M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$15.06M	USD	Point-in-time
Cash (refunded) paid for taxes	`IncomeTaxesPaid`	$60.02K	USD	3 Qtrs
Cash (refunded) paid for taxes	`IncomeTaxesPaid`	$-38.72K	USD	3 Qtrs

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