10-Q Filing

GENASYS INC. CIK: 924383 Q1 2016

Filing Information

Form Type	10-Q
Accession Number	`0001437749-16-024772`
Period End Date	20151231
Filing Date	20160204
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	lrad-20151231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 68 Income Statement 37 Cash Flow Statement 50 Comprehensive Income 8

Balance Sheet 68 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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$20.09M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$23.89M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$18.32M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$15.58M	USD	Point-in-time
Short-term marketable securities	`MarketableSecuritiesCurrent`	$2.64M	USD	Point-in-time
Short-term marketable securities	`MarketableSecuritiesCurrent`	$1.25M	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$1.94M	USD	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$2.12M	USD	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Inventories, net	`InventoryNet`	$5.21M	USD	Point-in-time
Inventories, net	`InventoryNet`	$4.93M	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`	$447.64K	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$565.67K	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$27.18M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	31.87M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	32.90M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$25.83M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	32.90M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	31.87M	shares	Point-in-time
Long-term marketable securities	`MarketableSecuritiesNoncurrent`	$2.28M	USD	Point-in-time
Long-term marketable securities	`MarketableSecuritiesNoncurrent`	$3.05M	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$8.65M	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$8.34M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$487.87K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$471.96K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$58.38K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$57.95K	USD	Point-in-time
Prepaid expenses and other, noncurrent	`PrepaidExpenseAndOtherAssetsNoncurrent`	$578.94K	USD	Point-in-time
Prepaid expenses and other, noncurrent	`PrepaidExpenseAndOtherAssetsNoncurrent`	$532.07K	USD	Point-in-time
Total assets	`Assets`	$39.67M	USD	Point-in-time
Total assets	`Assets`	$37.83M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$477.89K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$703.94K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$1.45M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$870.55K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.93M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.57M	USD	Point-in-time
Other liabilities, noncurrent	`OtherLiabilitiesNoncurrent`	$150.82K	USD	Point-in-time
Other liabilities, noncurrent	`OtherLiabilitiesNoncurrent`	$147.95K	USD	Point-in-time
Total liabilities	`Liabilities`	$2.08M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.72M	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; 31,867,253 and 32,898,461 shares issued and outstanding	`CommonStockValue`	$319.00	USD	Point-in-time
Common stock, $0.00001 par value; 50,000,000 shares authorized; 31,867,253 and 32,898,461 shares issued and outstanding	`CommonStockValue`	$329.00	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$86.11M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$87.61M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-50.36M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-49.66M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-301.00	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-4.51K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$37.95M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$35.75M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$37.83M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$39.67M	USD	Point-in-time

Income Statement 37 line items

Line Item	Tag	Value	Unit	Period
Product sales	`SalesRevenueGoodsNet`	$2.56M	USD	1 Quarter
Product sales	`SalesRevenueGoodsNet`	$4.15M	USD	1 Quarter
Contract and other	`SalesRevenueServicesNet`	$257.73K	USD	1 Quarter
Contract and other	`SalesRevenueServicesNet`	$239.36K	USD	1 Quarter
Total revenues	`Revenues`	$2.82M	USD	1 Quarter
Total revenues	`Revenues`	$4.39M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$2.03M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$1.52M	USD	1 Quarter
Gross profit	`GrossProfit`	$1.30M	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`	$1.46M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$561.20K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$477.70K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$1.88M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$2.02M	USD	1 Quarter
(Loss) income from operations	`OperatingIncomeLoss`	$479.43K	USD	1 Quarter
(Loss) income from operations	`OperatingIncomeLoss`	$-722.93K	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$33.26K	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$26.20K	USD	1 Quarter
(Loss) income from operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$505.63K	USD	1 Quarter
(Loss) income from operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-689.67K	USD	1 Quarter
Income tax benefit	`IncomeTaxExpenseBenefit`	$-309.60K	USD	1 Quarter
Income tax benefit	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$505.63K	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$-380.07K	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.01	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`	$0.01	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	33.24M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	32.46M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	32.46M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	33.79M	shares	1 Quarter
Cash dividends declared per common share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	-	USD	1 Quarter
Cash dividends declared per common share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.01	USD	Point-in-time
Cash dividends declared per common share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.01	USD	1 Quarter

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net (loss) income	`NetIncomeLoss`	$505.63K	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$-380.07K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$62.08K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$56.88K	USD	1 Quarter
Warranty provision	`ProductWarrantyExpense`	$19.20K	USD	1 Quarter
Warranty provision	`ProductWarrantyExpense`	$-22.27K	USD	1 Quarter
Inventory obsolescence	`InventoryObsolescenceWriteDownRecoveries`	$-3.53K	USD	1 Quarter
Inventory obsolescence	`InventoryObsolescenceWriteDownRecoveries`	$6.08K	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$131.45K	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$147.94K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	-	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-311.19K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-1.80M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-174.34K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$493.99K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$294.43K	USD	1 Quarter
Prepaid expenses and other	`IncreaseDecreaseInPrepaidExpense`	$-54.36K	USD	1 Quarter
Prepaid expenses and other	`IncreaseDecreaseInPrepaidExpense`	$-118.03K	USD	1 Quarter
Prepaid expenses and other, noncurrent	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-46.87K	USD	1 Quarter
Prepaid expenses and other, noncurrent	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-46.87K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$105.79K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-226.06K	USD	1 Quarter
Warranty settlements	`IncreaseDecreaseInWarrantySettlements`	$8.40K	USD	1 Quarter
Warranty settlements	`IncreaseDecreaseInWarrantySettlements`	$972.00	USD	1 Quarter
Accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-2.82M	USD	1 Quarter
Accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$290.70K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-394.14K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-601.49K	USD	1 Quarter
Purchases of marketable securities	`PaymentsToAcquireMarketableSecurities`	$623.60K	USD	1 Quarter
Purchases of marketable securities	`PaymentsToAcquireMarketableSecurities`	$3.12M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$71.15K	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$79.50K	USD	1 Quarter
Patent costs paid	`PaymentsToAcquireIntangibleAssets`	$1.21K	USD	1 Quarter
Patent costs paid	`PaymentsToAcquireIntangibleAssets`	$146.00	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-3.20M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-695.96K	USD	1 Quarter
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	1 Quarter
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$1.64M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.64M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	1 Quarter
Net decrease in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-3.80M	USD	1 Quarter
Net decrease in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.73M	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`	$18.32M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$15.58M	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`	$18.32M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$15.58M	USD	Point-in-time

Comprehensive Income 8 line items

Line Item	Tag	Value	Unit	Period
Net (loss) income	`NetIncomeLoss`	$505.63K	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$-380.07K	USD	1 Quarter
Unrealized (loss) gain on marketable securities, net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$790.00	USD	1 Quarter
Unrealized (loss) gain on marketable securities, net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-4.21K	USD	1 Quarter
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTax`	$790.00	USD	1 Quarter
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTax`	$-4.21K	USD	1 Quarter
Comprehensive (loss) income	`ComprehensiveIncomeNetOfTax`	$506.42K	USD	1 Quarter
Comprehensive (loss) income	`ComprehensiveIncomeNetOfTax`	$-384.28K	USD	1 Quarter

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