10-Q Filing

ENERGY FOCUS, INC/DE CIK: 924168 Q1 2014

Filing Information

Form Type	10-Q
Accession Number	`0001437749-14-008900`
Period End Date	20140331
Filing Date	20140513
Fiscal Year	2014
Fiscal Period	Q1
XBRL Instance	efoi-20140331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 76 Income Statement 40 Cash Flow Statement 55 Comprehensive Income 6

Balance Sheet 76 line items

Line Item	Tag	Value	Unit	Period
Trade accounts receivable, allowances (in Dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$84.00K	USD	Point-in-time
Trade accounts receivable, allowances (in Dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$62.00K	USD	Point-in-time
Preferred stock, par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.18M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.86M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.96M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$452.00K	USD	Point-in-time
Preferred stock, par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	2.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	2.00M	shares	Point-in-time
Trade accounts receivable less allowances of $62 and $84, respectively	`AccountsReceivableNetCurrent`	$3.35M	USD	Point-in-time
Trade accounts receivable less allowances of $62 and $84, respectively	`AccountsReceivableNetCurrent`	$3.17M	USD	Point-in-time
Retainage receivable	`ContractReceivableRetainage`	$577.00K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Retainage receivable	`ContractReceivableRetainage`	$582.00K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Inventories, net	`InventoryNet`	$2.51M	USD	Point-in-time
Inventories, net	`InventoryNet`	$2.13M	USD	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
Costs and estimated earnings in excess of billings	`CostsInExcessOfBillingsOnUncompletedContractsOrProgramsExpectedToBeCollectedWithinOneYear`	$145.00K	USD	Point-in-time
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Costs and estimated earnings in excess of billings	`CostsInExcessOfBillingsOnUncompletedContractsOrProgramsExpectedToBeCollectedWithinOneYear`	$255.00K	USD	Point-in-time
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.21M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	150.00M	shares	Point-in-time
Prepaid and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$620.00K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	150.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	51.42M	shares	Point-in-time
Assets held for sale	`AssetsHeldForSaleCurrent`	$130.00K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	78.15M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	51.42M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	78.15M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$10.78M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$8.71M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$536.00K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$516.00K	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$41.00K	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$55.00K	USD	Point-in-time
Collateralized assets	`CashCollateralForBorrowedSecurities`	$1.00M	USD	Point-in-time
Collateralized assets	`CashCollateralForBorrowedSecurities`	$1.00M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$440.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$172.00K	USD	Point-in-time
Total assets	`Assets`	$12.81M	USD	Point-in-time
Total assets	`Assets`	$10.44M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.48M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$3.71M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$971.00K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$1.22M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$71.00K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$71.00K	USD	Point-in-time
Billings in excess of costs and estimated earnings	`BillingsInExcessOfCostCurrent`	$764.00K	USD	Point-in-time
Billings in excess of costs and estimated earnings	`BillingsInExcessOfCostCurrent`	$355.00K	USD	Point-in-time
Credit line borrowings	`LinesOfCreditCurrent`	$1.11M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$61.00K	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$59.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$5.05M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$5.82M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$54.00K	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$51.00K	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$218.00K	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$4.01M	USD	Point-in-time
Total liabilities	`Liabilities`	$5.32M	USD	Point-in-time
Total liabilities	`Liabilities`	$9.88M	USD	Point-in-time
Issued and outstanding: 78,154,330 in 2014 and 51,421,937 in 2013	`CommonStockValue`	$8.00K	USD	Point-in-time
Issued and outstanding: 78,154,330 in 2014 and 51,421,937 in 2013	`CommonStockValue`	$5.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$91.71M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$85.44M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$464.00K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$462.00K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-82.98M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-87.06M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$2.92M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$5.12M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$12.81M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$10.44M	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$4.46M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$4.92M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$3.58M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$3.50M	USD	1 Quarter
Gross profit	`GrossProfit`	$1.42M	USD	1 Quarter
Gross profit	`GrossProfit`	$883.00K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$37.00K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$191.00K	USD	1 Quarter
Selling, general, and administrative	`SellingGeneralAndAdministrativeExpense`	$2.08M	USD	1 Quarter
Selling, general, and administrative	`SellingGeneralAndAdministrativeExpense`	$2.30M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$2.50M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$2.12M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-1.24M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-1.07M	USD	1 Quarter
Other expense	`OtherNonoperatingExpense`	$360.00K	USD	1 Quarter
Other expense	`OtherNonoperatingExpense`	$94.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$126.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$2.62M	USD	1 Quarter
Loss from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.46M	USD	1 Quarter
Loss from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-4.05M	USD	1 Quarter
Benefit for income taxes	`IncomeTaxExpenseBenefit`	$-1.00K	USD	1 Quarter
Net loss from continuing operations	`IncomeLossFromContinuingOperations`	$-1.46M	USD	1 Quarter
Net loss from continuing operations	`IncomeLossFromContinuingOperations`	$-4.05M	USD	1 Quarter
(Loss) income from discontinued operations before income taxes	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax`	$31.00K	USD	1 Quarter
(Loss) income from discontinued operations before income taxes	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax`	$-20.00K	USD	1 Quarter
Provision for income taxes	`DiscontinuedOperationTaxEffectOfDiscontinuedOperation`	$3.00K	USD	1 Quarter
(Loss) income from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$28.00K	USD	1 Quarter
(Loss) income from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$-20.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.43M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-4.07M	USD	1 Quarter
From continung operations (in Dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$-0.03	USD	1 Quarter
From continung operations (in Dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$-0.08	USD	1 Quarter
Total (in Dollars per share)	`EarningsPerShareBasic`	$-0.03	USD	1 Quarter
Total (in Dollars per share)	`EarningsPerShareBasic`	$-0.08	USD	1 Quarter
From continung operations (in Dollars per share)	`IncomeLossFromContinuingOperationsPerDilutedShare`	$-0.03	USD	1 Quarter
From continung operations (in Dollars per share)	`IncomeLossFromContinuingOperationsPerDilutedShare`	$-0.08	USD	1 Quarter
Total (in Dollars per share)	`EarningsPerShareDiluted`	$-0.03	USD	1 Quarter
Total (in Dollars per share)	`EarningsPerShareDiluted`	$-0.08	USD	1 Quarter
Basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	51.73M	shares	1 Quarter
Basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	44.70M	shares	1 Quarter

Cash Flow Statement 55 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-1.43M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-4.07M	USD	1 Quarter
Depreciation	`Depreciation`	$162.00K	USD	1 Quarter
Depreciation	`Depreciation`	$57.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$45.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$123.00K	USD	1 Quarter
Provision for doubtful accounts receivable	`ProvisionForDoubtfulAccounts`	$-29.00K	USD	1 Quarter
Provision for doubtful accounts receivable	`ProvisionForDoubtfulAccounts`	$-6.00K	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$14.00K	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$63.00K	USD	1 Quarter
Amortization of discounts on long-term borrowings and acquisition related liabilities	`AmortizationOfDebtDiscountPremium`	$44.00K	USD	1 Quarter
Amortization of discounts on long-term borrowings and acquisition related liabilities	`AmortizationOfDebtDiscountPremium`	$2.81M	USD	1 Quarter
Amortization of loan origination fees	`AmortizationOfDeferredLoanOriginationFeesNet`	$-28.00K	USD	1 Quarter
Amortization of loan origination fees	`AmortizationOfDeferredLoanOriginationFeesNet`	$-55.00K	USD	1 Quarter
Accounts receivable, inventories, and other assets	`IncreaseDecreaseInOperatingAssets`	$-1.02M	USD	1 Quarter
Accounts receivable, inventories, and other assets	`IncreaseDecreaseInOperatingAssets`	$-753.00K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-868.00K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-1.69M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-410.00K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-728.00K	USD	1 Quarter
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$1.98M	USD	1 Quarter
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-530.00K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.09M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.96M	USD	1 Quarter
Acquisition of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$125.00K	USD	1 Quarter
Acquisition of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$37.00K	USD	1 Quarter
Proceeds from the sale of assets held for sale	`ProceedsFromSalesOfAssetsInvestingActivities`	$130.00K	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$93.00K	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-125.00K	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$1.00K	USD	1 Quarter
Proceeds from other borrowings	`ProceedsFromOtherDebt`	$1.75M	USD	1 Quarter
Payments on other borrowings	`RepaymentsOfOtherDebt`	$12.00K	USD	1 Quarter
Payments on other borrowings	`RepaymentsOfOtherDebt`	$14.00K	USD	1 Quarter
Net proceeds (payments) on credit line borrowings	`ProceedsFromRepaymentsOfLinesOfCredit`	$-378.00K	USD	1 Quarter
Net proceeds (payments) on credit line borrowings	`ProceedsFromRepaymentsOfLinesOfCredit`	$1.11M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.10M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.36M	USD	1 Quarter
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$1.00K	USD	1 Quarter
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-6.00K	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-729.00K	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-900.00K	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.18M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.86M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.96M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$452.00K	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.18M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.86M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.96M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$452.00K	USD	Point-in-time
Cash and cash equivalents	`Cash`	$317.00K	USD	Point-in-time
Cash and cash equivalents	`Cash`	$1.50M	USD	Point-in-time
Restricted cash held	`RestrictedCashAndCashEquivalents`	$63.00K	USD	Point-in-time
Restricted cash held	`RestrictedCashAndCashEquivalents`	$135.00K	USD	Point-in-time
Cash held in escrow	`EscrowDeposit`	$400.00K	USD	Point-in-time
Conversion of subordinated convertible debt to equity, net of discount amortization	`DebtConversionConvertedInstrumentAmount1`	$3.86M	USD	1 Quarter

Comprehensive Income 6 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-1.43M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-4.07M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$2.00K	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-38.00K	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-1.47M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-4.07M	USD	1 Quarter

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