10-K Filing

GENASYS INC. CIK: 924383 FY 2013

Filing Information

Form Type	10-K
Accession Number	`0001437749-13-015128`
Period End Date	20130930
Filing Date	20131121
Fiscal Year	2013
Fiscal Period	FY
XBRL Instance	lrad-20130930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 58 Income Statement 34 Cash Flow Statement 49 Stockholders Equity 12

Balance Sheet 58 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowanc? for doubtful accounts (in Dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$3.77K	USD	Point-in-time
Accounts receivable, allowanc? for doubtful accounts (in Dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$4.37K	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	`CashAndCashEquivalentsAtCarryingValue`	$13.87M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$13.86M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$15.81M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivable, less allowance of $3,772 and $4,372 for doubtful accounts	`AccountsReceivableNetCurrent`	$4.96M	USD	Point-in-time
Accounts receivable, less allowance of $3,772 and $4,372 for doubtful accounts	`AccountsReceivableNetCurrent`	$5.52M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Inventories, net	`InventoryNet`	$4.59M	USD	Point-in-time
Inventories, net	`InventoryNet`	$3.11M	USD	Point-in-time
Common stock par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Common stock par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$1.00M	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$441.82K	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
Total current assets	`AssetsCurrent`	$26.36M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$212.86K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	32.90M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	32.37M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$237.38K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$158.46K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	32.37M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	32.90M	shares	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$51.65K	USD	Point-in-time
Prepaid expenses and other - noncurrent	`PrepaidExpenseAndOtherAssetsNoncurrent`	$1.10M	USD	Point-in-time
Prepaid expenses and other - noncurrent	`PrepaidExpenseAndOtherAssetsNoncurrent`	$914.52K	USD	Point-in-time
Total assets	`Assets`	$24.41M	USD	Point-in-time
Total assets	`Assets`	$27.56M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.60M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$995.72K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$1.05M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$623.74K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.65M	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`	$146.11K	USD	Point-in-time
Total liabilities	`Liabilities`	$1.98M	USD	Point-in-time
Total liabilities	`Liabilities`	$2.80M	USD	Point-in-time
Common stock, $0.00001 par value; 50,000,000 shares authorized; 32,900,705 and 32,374,499 shares issued and outstanding, respectively	`CommonStockValue`	$329.00	USD	Point-in-time
Common stock, $0.00001 par value; 50,000,000 shares authorized; 32,900,705 and 32,374,499 shares issued and outstanding, respectively	`CommonStockValue`	$324.00	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$87.43M	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`	$-62.67M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$20.28M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$24.76M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$22.42M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$27.56M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$24.41M	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Product sales	`SalesRevenueGoodsNet`	$14.22M	USD	Annual
Product sales	`SalesRevenueGoodsNet`	$16.00M	USD	Annual
Contract and other	`SalesRevenueServicesNet`	$1.09M	USD	Annual
Contract and other	`SalesRevenueServicesNet`	$573.57K	USD	Annual
Total revenues	`Revenues`	$14.79M	USD	Annual
Total revenues	`Revenues`	$17.09M	USD	Annual
Cost of revenues	`CostOfRevenue`	$7.31M	USD	Annual
Cost of revenues	`CostOfRevenue`	$8.84M	USD	Annual
Gross profit	`GrossProfit`	$7.48M	USD	Annual
Gross profit	`GrossProfit`	$8.25M	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$4.54M	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$5.44M	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$1.66M	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$1.84M	USD	Annual
Total operating expenses	`OperatingExpenses`	$6.20M	USD	Annual
Total operating expenses	`OperatingExpenses`	$7.28M	USD	Annual
Income from operations	`OperatingIncomeLoss`	$1.28M	USD	Annual
Income from operations	`OperatingIncomeLoss`	$965.52K	USD	Annual
Other income	`OtherNonoperatingIncomeExpense`	$299.19K	USD	Annual
Other income	`OtherNonoperatingIncomeExpense`	$33.90K	USD	Annual
Income from operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.31M	USD	Annual
Income from operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.26M	USD	Annual
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$1.90K	USD	Annual
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$-150.82K	USD	Annual
Net income	`NetIncomeLoss`	$1.46M	USD	Annual
Net income	`NetIncomeLoss`	$1.26M	USD	Annual
Basic (in Dollars per share)	`EarningsPerShareBasic`	$0.04	USD	Annual
Basic (in Dollars per share)	`EarningsPerShareBasic`	$0.05	USD	Annual
Diluted (in Dollars per share)	`EarningsPerShareDiluted`	$0.04	USD	Annual
Diluted (in Dollars per share)	`EarningsPerShareDiluted`	$0.04	USD	Annual
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	32.46M	shares	Annual
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	32.37M	shares	Annual
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	32.92M	shares	Annual
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	33.02M	shares	Annual

Cash Flow Statement 49 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$1.46M	USD	Annual
Net income	`NetIncomeLoss`	$1.26M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$146.31K	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$93.93K	USD	Annual
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$4.37K	USD	Annual
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$-600.00	USD	Annual
Warranty provision	`ProductWarrantyAccrualWarrantiesIssued`	$33.57K	USD	Annual
Warranty provision	`ProductWarrantyAccrualWarrantiesIssued`	$-19.25K	USD	Annual
Inventory obsolescence	`InventoryWriteDown`	$154.11K	USD	Annual
Inventory obsolescence	`InventoryWriteDown`	$-143.69K	USD	Annual
Share-based compensation	`ShareBasedCompensation`	$736.38K	USD	Annual
Share-based compensation	`ShareBasedCompensation`	$684.45K	USD	Annual
Loss on sale or impairment of patents	`ImpairmentOfIntangibleAssetsFinitelived`	$86.44K	USD	Annual
Loss on sale or impairment of patents	`ImpairmentOfIntangibleAssetsFinitelived`	$41.62K	USD	Annual
Restricted cash	`IncreaseDecreaseInRestrictedCashForOperatingActivities`	$-606.25K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-559.96K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$424.12K	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$1.33M	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$524.83K	USD	Annual
Prepaid expenses and other	`IncreaseDecreaseInPrepaidExpense`	$-221.78K	USD	Annual
Prepaid expenses and other	`IncreaseDecreaseInPrepaidExpense`	$562.05K	USD	Annual
Prepaid expenses and other - noncurrent	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-116.73K	USD	Annual
Prepaid expenses and other - noncurrent	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-187.50K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$600.69K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-44.48K	USD	Annual
Warranty settlements	`ProductWarrantyAccrualPayments`	$-10.81K	USD	Annual
Warranty settlements	`ProductWarrantyAccrualPayments`	$-34.38K	USD	Annual
Accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$205.07K	USD	Annual
Accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-2.13M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.76M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$194.18K	USD	Annual
Purchased property and equipment	`PaymentsToAcquireMachineryAndEquipment`	$147.50K	USD	Annual
Purchased property and equipment	`PaymentsToAcquireMachineryAndEquipment`	$201.80K	USD	Annual
Patent costs paid	`PaymentsToAcquireIntangibleAssets`	$3.63K	USD	Annual
Patent costs paid	`PaymentsToAcquireIntangibleAssets`	$2.96K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-150.46K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-205.44K	USD	Annual
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$340.45K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$340.45K	USD	Annual
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.95M	USD	Annual
Net increase (decrease) 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`	$13.86M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$15.81M	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`	$13.86M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$15.81M	USD	Point-in-time
Supplemental Disclosure of Cash Flow Information Cash refunded for taxes	`IncomeTaxesPaid`	$-38.66K	USD	Annual
Supplemental Disclosure of Cash Flow Information Cash refunded for taxes	`IncomeTaxesPaid`	$-152.34K	USD	Annual

Stockholders Equity 12 line items

Line Item	Tag	Value	Unit	Period
Balances	`StockholdersEquity`	$20.28M	USD	Point-in-time
Balances	`StockholdersEquity`	$24.76M	USD	Point-in-time
Balances	`StockholdersEquity`	$22.42M	USD	Point-in-time
Issuance of common stock upon exercise of stock options, net	`StockIssuedDuringPeriodValueStockOptionsExercised`	$340.45K	USD	Annual
Issuance of common stock upon exercise of stock options, net (in Shares)	`StockIssuedDuringPeriodSharesStockOptionsExercised`	526,206.00	shares	Annual
Share-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$684.45K	USD	Annual
Share-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$736.38K	USD	Annual
Net income	`NetIncomeLoss`	$1.46M	USD	Annual
Net income	`NetIncomeLoss`	$1.26M	USD	Annual
Balances	`StockholdersEquity`	$20.28M	USD	Point-in-time
Balances	`StockholdersEquity`	$24.76M	USD	Point-in-time
Balances	`StockholdersEquity`	$22.42M	USD	Point-in-time

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