10-Q Filing

GENASYS INC. CIK: 924383 Q1 2015

Filing Information

Form Type	10-Q
Accession Number	`0001437749-15-001883`
Period End Date	20141231
Filing Date	20150205
Fiscal Year	2015
Fiscal Period	Q1
XBRL Instance	lrad-20141231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 64 Income Statement 33 Cash Flow Statement 48 Comprehensive Income 6

Balance Sheet 64 line items

Line Item	Tag	Value	Unit	Period
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
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$20.09M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$23.89M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$18.09M	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$15.81M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Short-term marketable securities	`MarketableSecuritiesCurrent`	$626.04K	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
Accounts receivable, net	`AccountsReceivableNetCurrent`	$4.28M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$2.49M	USD	Point-in-time
Common stock par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Inventories, net	`InventoryNet`	$3.90M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Inventories, net	`InventoryNet`	$4.39M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	33.24M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	33.24M	shares	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$469.58K	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$523.95K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	33.24M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	33.24M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$28.07M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$32.60M	USD	Point-in-time
Long-term marketable securities	`MarketableSecuritiesNoncurrent`	$2.50M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$378.94K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$360.08K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$53.84K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$52.54K	USD	Point-in-time
Prepaid expenses and other - noncurrent	`PrepaidExpenseAndOtherAssetsNoncurrent`	$766.42K	USD	Point-in-time
Prepaid expenses and other - noncurrent	`PrepaidExpenseAndOtherAssetsNoncurrent`	$719.55K	USD	Point-in-time
Total assets	`Assets`	$31.72M	USD	Point-in-time
Total assets	`Assets`	$33.78M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$936.29K	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`	$1.29M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.92M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.22M	USD	Point-in-time
Other liabilities - noncurrent	`OtherLiabilitiesNoncurrent`	$152.68K	USD	Point-in-time
Other liabilities - noncurrent	`OtherLiabilitiesNoncurrent`	$157.55K	USD	Point-in-time
Total liabilities	`Liabilities`	$5.08M	USD	Point-in-time
Total liabilities	`Liabilities`	$2.37M	USD	Point-in-time
Commitments and contingencies (Note 9)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 9)	`CommitmentsAndContingencies`	-	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; 33,236,489 shares issued and outstanding	`CommonStockValue`	$332.00	USD	Point-in-time
Common stock, $0.00001 par value; 50,000,000 shares authorized; 33,236,489 shares issued and outstanding	`CommonStockValue`	$332.00	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$88.18M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$88.05M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-58.84M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-59.35M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$790.00	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	-	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$28.70M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$29.34M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$33.78M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$31.72M	USD	Point-in-time

Income Statement 33 line items

Line Item	Tag	Value	Unit	Period
Product sales	`SalesRevenueGoodsNet`	$4.15M	USD	1 Quarter
Product sales	`SalesRevenueGoodsNet`	$3.56M	USD	1 Quarter
Contract and other	`SalesRevenueServicesNet`	$239.36K	USD	1 Quarter
Contract and other	`SalesRevenueServicesNet`	$266.57K	USD	1 Quarter
Total revenues	`Revenues`	$3.82M	USD	1 Quarter
Total revenues	`Revenues`	$4.39M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$2.03M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$1.88M	USD	1 Quarter
Gross profit	`GrossProfit`	$1.94M	USD	1 Quarter
Gross profit	`GrossProfit`	$2.36M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$1.40M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$1.42M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$477.70K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$393.54K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$1.88M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$1.82M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$479.43K	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$126.47K	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$5.20K	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$26.20K	USD	1 Quarter
Income from operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$131.66K	USD	1 Quarter
Income from operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$505.63K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$100.00	USD	1 Quarter
Net income	`NetIncomeLoss`	$131.56K	USD	1 Quarter
Net income	`NetIncomeLoss`	$505.63K	USD	1 Quarter
Basic (in Dollars per share)	`EarningsPerShareBasic`	-	USD	1 Quarter
Basic (in Dollars per share)	`EarningsPerShareBasic`	$0.02	USD	1 Quarter
Diluted (in Dollars per share)	`EarningsPerShareDiluted`	$0.01	USD	1 Quarter
Diluted (in Dollars per share)	`EarningsPerShareDiluted`	-	USD	1 Quarter
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	33.24M	shares	1 Quarter
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	33.03M	shares	1 Quarter
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	33.79M	shares	1 Quarter
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	33.47M	shares	1 Quarter

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$131.56K	USD	1 Quarter
Net income	`NetIncomeLoss`	$505.63K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$62.08K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$35.20K	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$-3.77K	USD	1 Quarter
Warranty provision	`ProductWarrantyAccrualWarrantiesIssued`	$-19.20K	USD	1 Quarter
Warranty provision	`ProductWarrantyAccrualWarrantiesIssued`	$-14.36K	USD	1 Quarter
Inventory obsolescence	`InventoryWriteDown`	$-4.41K	USD	1 Quarter
Inventory obsolescence	`InventoryWriteDown`	$-3.53K	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$131.45K	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$149.81K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-1.80M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-3.06M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$493.99K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$752.69K	USD	1 Quarter
Prepaid expenses and other	`IncreaseDecreaseInPrepaidExpense`	$-54.36K	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`	$-46.87K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-1.03M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$105.79K	USD	1 Quarter
Warranty settlements	`ProductWarrantyAccrualPayments`	$11.36K	USD	1 Quarter
Warranty settlements	`ProductWarrantyAccrualPayments`	$8.40K	USD	1 Quarter
Accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$182.16K	USD	1 Quarter
Accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-2.82M	USD	1 Quarter
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$2.31M	USD	1 Quarter
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-601.49K	USD	1 Quarter
Purchases of marketable securities	`PaymentsToAcquireMarketableSecurities`	$3.12M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$124.79K	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$79.50K	USD	1 Quarter
Patent costs paid	`PaymentsToAcquireIntangibleAssets`	$80.00	USD	1 Quarter
Patent costs paid	`PaymentsToAcquireIntangibleAssets`	$146.00	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-3.20M	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
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$93.47K	USD	1 Quarter
Net (decrease) increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$2.28M	USD	1 Quarter
Net (decrease) increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-3.80M	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$20.09M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$23.89M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$18.09M	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`	$20.09M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$23.89M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$18.09M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$15.81M	USD	Point-in-time
Cash paid for taxes	`IncomeTaxesPaid`	$100.00	USD	1 Quarter

Comprehensive Income 6 line items

Line Item	Tag	Value	Unit	Period
Net Income	`NetIncomeLoss`	$131.56K	USD	1 Quarter
Net Income	`NetIncomeLoss`	$505.63K	USD	1 Quarter
Unrealized gains on marketable securities, net of $0 tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$790.00	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$790.00	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$131.56K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$506.42K	USD	1 Quarter

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