10-Q Filing

GENASYS INC. CIK: 924383 Q1 2014

Filing Information

Form Type	10-Q
Accession Number	`0001437749-14-001493`
Period End Date	20131231
Filing Date	20140204
Fiscal Year	2014
Fiscal Period	Q1
XBRL Instance	lrad-20131231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 62 Income Statement 33 Cash Flow Statement 52

Balance Sheet 62 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`	-	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
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$18.09M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$16.14M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$13.86M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$15.81M	USD	Point-in-time
Accounts receivable, less allowance of $0 and $3,772 for doubtful accounts	`AccountsReceivableNetCurrent`	$1.90M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivable, less allowance of $0 and $3,772 for doubtful accounts	`AccountsReceivableNetCurrent`	$4.96M	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
Inventories, net	`InventoryNet`	$4.59M	USD	Point-in-time
Inventories, net	`InventoryNet`	$5.34M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	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`	$512.72K	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
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$25.85M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	33.21M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$237.38K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	32.90M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$328.54K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	33.21M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	32.90M	shares	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$50.16K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$51.65K	USD	Point-in-time
Prepaid expenses and other - noncurrent	`PrepaidExpenseAndOtherAssetsNoncurrent`	$914.52K	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	19,796.00	shares	Point-in-time
Prepaid expenses and other - noncurrent	`PrepaidExpenseAndOtherAssetsNoncurrent`	$867.64K	USD	Point-in-time
Total assets	`Assets`	$27.56M	USD	Point-in-time
Total assets	`Assets`	$27.09M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$568.97K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.60M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$1.24M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$1.05M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.65M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.81M	USD	Point-in-time
Other liabilities - noncurrent	`OtherLiabilitiesNoncurrent`	$146.78K	USD	Point-in-time
Other liabilities - noncurrent	`OtherLiabilitiesNoncurrent`	$146.11K	USD	Point-in-time
Total liabilities	`Liabilities`	$2.80M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.96M	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; 33,205,373 and 32,900,705 shares issued and outstanding, respectively	`CommonStockValue`	$332.00	USD	Point-in-time
Common stock, $0.00001 par value; 50,000,000 shares authorized; 33,205,373 and 32,900,705 shares issued and outstanding, respectively	`CommonStockValue`	$329.00	USD	Point-in-time
Treasury stock, at cost, 19,796 shares	`TreasuryStockValue`	$37.42K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$87.43M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$87.72M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-62.67M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-62.54M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$24.76M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$25.14M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$27.56M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$27.09M	USD	Point-in-time

Income Statement 33 line items

Line Item	Tag	Value	Unit	Period
Product sales	`SalesRevenueGoodsNet`	$2.76M	USD	1 Quarter
Product sales	`SalesRevenueGoodsNet`	$3.56M	USD	1 Quarter
Contract and other	`SalesRevenueServicesNet`	$266.57K	USD	1 Quarter
Contract and other	`SalesRevenueServicesNet`	$217.76K	USD	1 Quarter
Total revenues	`Revenues`	$3.82M	USD	1 Quarter
Total revenues	`Revenues`	$2.98M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$1.88M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$1.49M	USD	1 Quarter
Gross profit	`GrossProfit`	$1.94M	USD	1 Quarter
Gross profit	`GrossProfit`	$1.49M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$1.42M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$1.17M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$393.54K	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`	$1.82M	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$126.47K	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$-108.57K	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$5.20K	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$8.20K	USD	1 Quarter
Income (loss) from operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-100.38K	USD	1 Quarter
Income (loss) from operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$131.66K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$100.00	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-100.38K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$131.56K	USD	1 Quarter
Basic (in Dollars per share)	`EarningsPerShareBasic`	-	USD	1 Quarter
Basic (in Dollars per share)	`EarningsPerShareBasic`	-	USD	1 Quarter
Diluted (in Dollars per share)	`EarningsPerShareDiluted`	-	USD	1 Quarter
Diluted (in Dollars per share)	`EarningsPerShareDiluted`	-	USD	1 Quarter
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	32.40M	shares	1 Quarter
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	33.03M	shares	1 Quarter
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	32.40M	shares	1 Quarter
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	33.47M	shares	1 Quarter

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-100.38K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$131.56K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$35.20K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$30.72K	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$-3.77K	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$-200.00	USD	1 Quarter
Warranty provision	`ProductWarrantyAccrualWarrantiesIssued`	$-14.36K	USD	1 Quarter
Warranty provision	`ProductWarrantyAccrualWarrantiesIssued`	$9.45K	USD	1 Quarter
Inventory obsolescence	`InventoryWriteDown`	$-29.70K	USD	1 Quarter
Inventory obsolescence	`InventoryWriteDown`	$-4.41K	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$149.81K	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$205.98K	USD	1 Quarter
Loss on sale or impairment of patents	`ImpairmentOfIntangibleAssetsFinitelived`	$5.14K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-3.25M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-3.06M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$752.69K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$1.05M	USD	1 Quarter
Prepaid expenses and other	`IncreaseDecreaseInPrepaidExpense`	$-84.90K	USD	1 Quarter
Prepaid expenses and other	`IncreaseDecreaseInPrepaidExpense`	$-491.15K	USD	1 Quarter
Prepaid expenses and other - noncurrent	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-46.88K	USD	1 Quarter
Prepaid expenses and other - noncurrent	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-46.88K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-1.03M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-204.31K	USD	1 Quarter
Warranty settlements	`ProductWarrantyAccrualPayments`	$-4.28K	USD	1 Quarter
Warranty settlements	`ProductWarrantyAccrualPayments`	$-11.36K	USD	1 Quarter
Accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$113.45K	USD	1 Quarter
Accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$182.16K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$2.31M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$2.34M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$76.66K	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$124.79K	USD	1 Quarter
Patent costs paid	`PaymentsToAcquireIntangibleAssets`	$80.00	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`	$-124.87K	USD	1 Quarter
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$99.60K	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$193.06K	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$19.23K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$93.47K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$19.23K	USD	1 Quarter
Net increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$2.28M	USD	1 Quarter
Net increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$2.28M	USD	1 Quarter
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$18.09M	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$16.14M	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$13.86M	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$15.81M	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$18.09M	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$16.14M	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$13.86M	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$15.81M	USD	Point-in-time
Cash paid (refunded) for taxes	`IncomeTaxesPaid`	$-40.32K	USD	1 Quarter
Cash paid (refunded) for taxes	`IncomeTaxesPaid`	$100.00	USD	1 Quarter

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