10-K Filing

GENASYS INC. CIK: 924383 FY 2014

Filing Information

Form Type	10-K
Accession Number	`0001437749-14-021173`
Period End Date	20140930
Filing Date	20141120
Fiscal Year	2014
Fiscal Period	FY
XBRL Instance	lrad-20140930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 58 Income Statement 32 Cash Flow Statement 51 Stockholders Equity 15

Balance Sheet 58 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowanc? for doubtful accounts (in Dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	-	USD	Point-in-time
Accounts receivable, allowanc? for doubtful accounts (in Dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$3.77K	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`	$15.81M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$23.89M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$13.86M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Accounts receivable, less allowance of $0 and $3,772 for doubtful accounts	`AccountsReceivableNetCurrent`	$4.28M	USD	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 issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Inventories, net	`InventoryNet`	$4.59M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Inventories, net	`InventoryNet`	$3.90M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$1.00M	USD	Point-in-time
Common stock par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$523.95K	USD	Point-in-time
Common stock par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Total current assets	`AssetsCurrent`	$32.60M	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`	$26.36M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	32.90M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$360.08K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	33.24M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$237.38K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$51.65K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	33.24M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	32.90M	shares	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$53.84K	USD	Point-in-time
Prepaid expenses and other - noncurrent	`PrepaidExpenseAndOtherAssetsNoncurrent`	$766.42K	USD	Point-in-time
Prepaid expenses and other - noncurrent	`PrepaidExpenseAndOtherAssetsNoncurrent`	$914.52K	USD	Point-in-time
Total assets	`Assets`	$33.78M	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`	$830.50K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$4.09M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$1.05M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.92M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.65M	USD	Point-in-time
Other liabilities - noncurrent	`OtherLiabilitiesNoncurrent`	$157.55K	USD	Point-in-time
Other liabilities - noncurrent	`OtherLiabilitiesNoncurrent`	$146.11K	USD	Point-in-time
Total liabilities	`Liabilities`	$5.08M	USD	Point-in-time
Total liabilities	`Liabilities`	$2.80M	USD	Point-in-time
Common stock, $0.00001 par value; 50,000,000 shares authorized; 33,236,489 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; 33,236,489 and 32,900,705 shares issued and outstanding, respectively	`CommonStockValue`	$329.00	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$87.43M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$88.05M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-59.35M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-62.67M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$28.70M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$22.42M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$24.76M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$33.78M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$27.56M	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
Product sales	`SalesRevenueGoodsNet`	$23.38M	USD	Annual
Product sales	`SalesRevenueGoodsNet`	$16.00M	USD	Annual
Contract and other	`SalesRevenueServicesNet`	$1.09M	USD	Annual
Contract and other	`SalesRevenueServicesNet`	$1.21M	USD	Annual
Total revenues	`Revenues`	$17.09M	USD	Annual
Total revenues	`Revenues`	$24.59M	USD	Annual
Cost of revenues	`CostOfRevenue`	$10.83M	USD	Annual
Cost of revenues	`CostOfRevenue`	$8.84M	USD	Annual
Gross profit	`GrossProfit`	$8.25M	USD	Annual
Gross profit	`GrossProfit`	$13.76M	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$5.44M	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$7.96M	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$2.48M	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$1.84M	USD	Annual
Total operating expenses	`OperatingExpenses`	$10.44M	USD	Annual
Total operating expenses	`OperatingExpenses`	$7.28M	USD	Annual
Income from operations	`OperatingIncomeLoss`	$3.32M	USD	Annual
Income from operations	`OperatingIncomeLoss`	$965.52K	USD	Annual
Other income	`OtherNonoperatingIncomeExpense`	$20.52K	USD	Annual
Other income	`OtherNonoperatingIncomeExpense`	$299.19K	USD	Annual
Income from operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$3.34M	USD	Annual
Income from operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.26M	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	$16.25K	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	$1.90K	USD	Annual
Net income	`NetIncomeLoss`	$1.26M	USD	Annual
Net income	`NetIncomeLoss`	$3.33M	USD	Annual
Net income per common share - basic and diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.04	USD	Annual
Net income per common share - basic and diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.10	USD	Annual
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	33.08M	shares	Annual
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	32.46M	shares	Annual
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	33.44M	shares	Annual
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	32.92M	shares	Annual

Cash Flow Statement 51 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$1.26M	USD	Annual
Net income	`NetIncomeLoss`	$3.33M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$146.31K	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$209.97K	USD	Annual
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$-600.00	USD	Annual
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$-3.77K	USD	Annual
Warranty provision	`ProductWarrantyAccrualWarrantiesIssued`	$-157.82K	USD	Annual
Warranty provision	`ProductWarrantyAccrualWarrantiesIssued`	$-19.25K	USD	Annual
Inventory obsolescence	`InventoryWriteDown`	$-143.69K	USD	Annual
Inventory obsolescence	`InventoryWriteDown`	$36.97K	USD	Annual
Share-based compensation	`ShareBasedCompensation`	$736.38K	USD	Annual
Share-based compensation	`ShareBasedCompensation`	$585.75K	USD	Annual
Loss on sale or impairment of patents	`ImpairmentOfIntangibleAssetsFinitelived`	$6.98K	USD	Annual
Loss on sale or impairment of patents	`ImpairmentOfIntangibleAssetsFinitelived`	$86.44K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-559.96K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-678.25K	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$-655.05K	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$1.33M	USD	Annual
Prepaid expenses and other	`IncreaseDecreaseInPrepaidExpense`	$-479.93K	USD	Annual
Prepaid expenses and other	`IncreaseDecreaseInPrepaidExpense`	$562.05K	USD	Annual
Prepaid expenses and other - noncurrent	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-187.50K	USD	Annual
Prepaid expenses and other - noncurrent	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-148.09K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-765.91K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$600.69K	USD	Annual
Warranty settlements	`ProductWarrantyAccrualPayments`	$56.27K	USD	Annual
Warranty settlements	`ProductWarrantyAccrualPayments`	$10.81K	USD	Annual
Accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$205.07K	USD	Annual
Accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$2.94M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$8.40M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.76M	USD	Annual
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$147.50K	USD	Annual
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$326.96K	USD	Annual
Patent costs paid	`PaymentsToAcquireIntangibleAssets`	$2.96K	USD	Annual
Patent costs paid	`PaymentsToAcquireIntangibleAssets`	$14.89K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-341.85K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-150.46K	USD	Annual
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$516.35K	USD	Annual
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$544.89K	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 cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$28.54K	USD	Annual
Net increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$8.09M	USD	Annual
Net increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.95M	USD	Annual
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$15.81M	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$23.89M	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$13.86M	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$15.81M	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$23.89M	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$13.86M	USD	Point-in-time
Cash paid (refunded) for taxes	`IncomeTaxesPaid`	$-38.66K	USD	Annual
Cash paid (refunded) for taxes	`IncomeTaxesPaid`	$14.45K	USD	Annual

Stockholders Equity 15 line items

Line Item	Tag	Value	Unit	Period
Balances, September 30, 2012	`StockholdersEquity`	$28.70M	USD	Point-in-time
Balances, September 30, 2012	`StockholdersEquity`	$22.42M	USD	Point-in-time
Balances, September 30, 2012	`StockholdersEquity`	$24.76M	USD	Point-in-time
Issuance of common stock upon exercise of stock options , net	`StockIssuedDuringPeriodValueStockOptionsExercised`	$544.89K	USD	Annual
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
Issuance of common stock upon exercise of stock options , net (in Shares)	`StockIssuedDuringPeriodSharesStockOptionsExercised`	612,941.00	shares	Annual
Share-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$585.75K	USD	Annual
Share-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$736.38K	USD	Annual
Repurchase of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$516.35K	USD	Annual
Net income	`NetIncomeLoss`	$1.26M	USD	Annual
Net income	`NetIncomeLoss`	$3.33M	USD	Annual
Balances	`StockholdersEquity`	$28.70M	USD	Point-in-time
Balances	`StockholdersEquity`	$22.42M	USD	Point-in-time
Balances	`StockholdersEquity`	$24.76M	USD	Point-in-time

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