10-Q Filing

APPLIED UV, INC. CIK: 1811109 Q1 2021

Filing Information

Form Type	10-Q
Accession Number	`0001607062-21-000123`
Period End Date	20210331
Filing Date	20210514
Fiscal Year	2021
Fiscal Period	Q1
XBRL Instance	auvi-20210331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 88 Income Statement 30 Cash Flow Statement 62 Stockholders Equity 15

Balance Sheet 88 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	150.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	150.00M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.71M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	7.95M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$8.91M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.03M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$11.76M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	9.40M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	7.95M	shares	Point-in-time
Vendor deposit	`DepositsAssetsCurrent`	$6.73K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	9.40M	shares	Point-in-time
Vendor deposit	`DepositsAssetsCurrent`	$40.80K	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts	`AccountsReceivableNetCurrent`	$232.99K	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts	`AccountsReceivableNetCurrent`	$875.89K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	990,000.00	shares	Point-in-time
Inventory	`InventoryNet`	$321.52K	USD	Point-in-time
Inventory	`InventoryNet`	$156.29K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	990,000.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Note receivable, related party	`NotesReceivableRelatedPartiesCurrent`	-	USD	Point-in-time
Note receivable, related party	`NotesReceivableRelatedPartiesCurrent`	$500.00K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Prepaid expense and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$956.28K	USD	Point-in-time
Prepaid expense and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$158.50K	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
Total Current Assets	`AssetsCurrent`	$11.57M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$12.35M	USD	Point-in-time
Machinery and equipment, net of accumulated depreciation	`PropertyPlantAndEquipmentNet`	$273.78K	USD	Point-in-time
Machinery and equipment, net of accumulated depreciation	`PropertyPlantAndEquipmentNet`	$112.80K	USD	Point-in-time
Goodwill	`Goodwill`	$2.73M	USD	Point-in-time
Goodwill	`Goodwill`	-	USD	Point-in-time
Other intangible assets, net of accumulated amortization	`OtherIntangibleAssetsNet`	-	USD	Point-in-time
Other intangible assets, net of accumulated amortization	`OtherIntangibleAssetsNet`	$5.07M	USD	Point-in-time
Right of use asset	`OperatingLeaseRightOfUseAsset`	$481.43K	USD	Point-in-time
Right of use asset	`OperatingLeaseRightOfUseAsset`	$500.49K	USD	Point-in-time
Patents, net of accumulated amortization	`FiniteLivedPatentsGross`	$178.09K	USD	Point-in-time
Patents, net of accumulated amortization	`FiniteLivedPatentsGross`	$190.06K	USD	Point-in-time
Total Assets	`Assets`	$13.12M	USD	Point-in-time
Total Assets	`Assets`	$20.34M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$1.40M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$1.65M	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	$173.72K	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	$173.72K	USD	Point-in-time
Warrant liability	`ExtendedProductWarrantyAccrualCurrent`	-	USD	Point-in-time
Warrant liability	`ExtendedProductWarrantyAccrualCurrent`	$446.52K	USD	Point-in-time
Capital lease obligations-current portion	`FinanceLeaseLiabilityCurrent`	$6.65K	USD	Point-in-time
Capital lease obligations-current portion	`FinanceLeaseLiabilityCurrent`	$6.65K	USD	Point-in-time
Lease liability-current	`OperatingLeaseLiabilityCurrent`	$158.58K	USD	Point-in-time
Lease liability-current	`OperatingLeaseLiabilityCurrent`	$139.91K	USD	Point-in-time
Payroll protection program loan	`UnsecuredDebtCurrent`	$69.93K	USD	Point-in-time
Payroll protection program loan	`UnsecuredDebtCurrent`	$296.83K	USD	Point-in-time
Notes payable	`NotesPayableCurrent`	$67.50K	USD	Point-in-time
Notes payable	`NotesPayableCurrent`	$67.50K	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$1.15M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$841.64K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$3.95M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$2.70M	USD	Point-in-time
Capital lease obligations - less current portion	`FinanceLeaseLiabilityNoncurrent`	$8.24K	USD	Point-in-time
Capital lease obligations - less current portion	`FinanceLeaseLiabilityNoncurrent`	$6.65K	USD	Point-in-time
Note payable-less current portion	`LongTermNotesPayable`	$90.00K	USD	Point-in-time
Note payable-less current portion	`LongTermNotesPayable`	$90.00K	USD	Point-in-time
Lease liability-less current portion	`OperatingLeaseLiabilityNoncurrent`	$341.91K	USD	Point-in-time
Lease liability-less current portion	`OperatingLeaseLiabilityNoncurrent`	$341.52K	USD	Point-in-time
Payroll protection program loan-less current portion	`UnsecuredLongTermDebt`	-	USD	Point-in-time
Payroll protection program loan-less current portion	`UnsecuredLongTermDebt`	$226.90K	USD	Point-in-time
Total Long-Term Liabilities	`LiabilitiesNoncurrent`	$438.56K	USD	Point-in-time
Total Long-Term Liabilities	`LiabilitiesNoncurrent`	$666.66K	USD	Point-in-time
Total Liabilities	`Liabilities`	$4.39M	USD	Point-in-time
Total Liabilities	`Liabilities`	$3.36M	USD	Point-in-time
Common stock $.0001 par value, 150,000,000 shares authorized; 9,402,669 shares issued and outstanding as of March 31, 2021, and 7,945,034 shares issued and outstanding as of December 31, 2020	`CommonStockValue`	$795.00	USD	Point-in-time
Common stock $.0001 par value, 150,000,000 shares authorized; 9,402,669 shares issued and outstanding as of March 31, 2021, and 7,945,034 shares issued and outstanding as of December 31, 2020	`CommonStockValue`	$940.00	USD	Point-in-time
Preferred stock, $0.0001 par value, 990,000 shares authorized, no shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.0001 par value, 990,000 shares authorized, no shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$19.19M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$11.97M	USD	Point-in-time
Retained earnings (Deficit)	`RetainedEarningsAccumulatedDeficit`	$-3.25M	USD	Point-in-time
Retained earnings (Deficit)	`RetainedEarningsAccumulatedDeficit`	$-2.22M	USD	Point-in-time
Total Stockholders' Equity (Deficit)	`StockholdersEquity`	$1.07M	USD	Point-in-time
Total Stockholders' Equity (Deficit)	`StockholdersEquity`	$15.94M	USD	Point-in-time
Total Stockholders' Equity (Deficit)	`StockholdersEquity`	$1.15M	USD	Point-in-time
Total Stockholders' Equity (Deficit)	`StockholdersEquity`	$9.75M	USD	Point-in-time
Total Liabilities and Stockholders' Equity (Deficit)	`LiabilitiesAndStockholdersEquity`	$13.12M	USD	Point-in-time
Total Liabilities and Stockholders' Equity (Deficit)	`LiabilitiesAndStockholdersEquity`	$20.34M	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
Net Sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.47M	USD	1 Quarter
Net Sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$2.31M	USD	1 Quarter
Cost of Goods Sold	`CostOfGoodsAndServicesSold`	$1.39M	USD	1 Quarter
Cost of Goods Sold	`CostOfGoodsAndServicesSold`	$1.16M	USD	1 Quarter
Gross Profit	`GrossProfit`	$309.82K	USD	1 Quarter
Gross Profit	`GrossProfit`	$924.27K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$43.65K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	-	USD	1 Quarter
Stock based compensation	`AllocatedShareBasedCompensationExpense`	-	USD	1 Quarter
Stock based compensation	`AllocatedShareBasedCompensationExpense`	$210.74K	USD	1 Quarter
Selling. General and Administrative Expenses	`SellingGeneralAndAdministrativeExpense`	$1.39M	USD	1 Quarter
Selling. General and Administrative Expenses	`SellingGeneralAndAdministrativeExpense`	$388.20K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$388.20K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$1.65M	USD	1 Quarter
Operating (Loss) Income	`OperatingIncomeLoss`	$-78.38K	USD	1 Quarter
Operating (Loss) Income	`OperatingIncomeLoss`	$-720.90K	USD	1 Quarter
Change in Fair Market Value of Warrant Liability	`ChangeInFairMarketValueOfWarrantLiability`	$-311.40K	USD	1 Quarter
Change in Fair Market Value of Warrant Liability	`ChangeInFairMarketValueOfWarrantLiability`	-	USD	1 Quarter
Other Expense	`OtherIncome`	-	USD	1 Quarter
Other Expense	`OtherIncome`	$-655.00	USD	1 Quarter
Total Other Expense	`NonoperatingIncomeExpense`	-	USD	1 Quarter
Total Other Expense	`NonoperatingIncomeExpense`	$-312.06K	USD	1 Quarter
Loss Before Provision for Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.03M	USD	1 Quarter
Loss Before Provision for Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-78.38K	USD	1 Quarter
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-78.38K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-1.03M	USD	1 Quarter
Basic and Diluted Loss Per Common Share	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	1 Quarter
Basic and Diluted Loss Per Common Share	`EarningsPerShareBasicAndDiluted`	$-0.11	USD	1 Quarter

Cash Flow Statement 62 line items

Line Item	Tag	Value	Unit	Period
Net Loss	`NetIncomeLoss`	$-78.38K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-1.03M	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	-	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$210.74K	USD	1 Quarter
Bad debt expense (recovery)	`ProvisionForDoubtfulAccounts`	$-73.89K	USD	1 Quarter
Bad debt expense (recovery)	`ProvisionForDoubtfulAccounts`	-	USD	1 Quarter
Change in fair market value of warrant liability	`ChangeInFairMarketValueOfWarrantLiability`	$-311.40K	USD	1 Quarter
Change in fair market value of warrant liability	`ChangeInFairMarketValueOfWarrantLiability`	-	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$100.11K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$2.17K	USD	1 Quarter
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$335.77K	USD	1 Quarter
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-965.88K	USD	1 Quarter
Decrease (increase) in inventories	`IncreaseDecreaseInInventories`	$21.45K	USD	1 Quarter
Decrease (increase) in inventories	`IncreaseDecreaseInInventories`	$-45.88K	USD	1 Quarter
Decrease (increase) in vendor deposits	`IncreaseDecreaseInDepositOtherAssets`	$-8.77K	USD	1 Quarter
Decrease (increase) in vendor deposits	`IncreaseDecreaseInDepositOtherAssets`	$126.35K	USD	1 Quarter
(Increase) in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$487.00K	USD	1 Quarter
(Increase) in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$52.35K	USD	1 Quarter
(Decrease) in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-141.73K	USD	1 Quarter
(Decrease) in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-78.10K	USD	1 Quarter
(Decrease) increase in deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-178.73K	USD	1 Quarter
(Decrease) increase in deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$202.01K	USD	1 Quarter
Total Adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-540.22K	USD	1 Quarter
Total Adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$891.81K	USD	1 Quarter
Net Cash Provided by (Used in) Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$813.43K	USD	1 Quarter
Net Cash Provided by (Used in) Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.57M	USD	1 Quarter
Cash paid for patent costs	`PaymentsToAcquireIntangibleAssets`	$14.44K	USD	1 Quarter
Cash paid for patent costs	`PaymentsToAcquireIntangibleAssets`	-	USD	1 Quarter
Purchase of machinery and equipment	`PaymentsToAcquireMachineryAndEquipment`	$98.24K	USD	1 Quarter
Purchase of machinery and equipment	`PaymentsToAcquireMachineryAndEquipment`	-	USD	1 Quarter
Cash paid for acquisition; net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	1 Quarter
Cash paid for acquisition; net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$760.29K	USD	1 Quarter
Note receivable, related party	`NoteReceivableRelatedParty`	-	USD	1 Quarter
Note receivable, related party	`NoteReceivableRelatedParty`	$500.00K	USD	1 Quarter
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.27M	USD	1 Quarter
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-98.24K	USD	1 Quarter
Payments on capital leases	`FinanceLeasePrincipalPayments`	-	USD	1 Quarter
Payments on capital leases	`FinanceLeasePrincipalPayments`	$1.59K	USD	1 Quarter
Proceeds from warrant exercise	`ProceedsFromWarrantExercises`	-	USD	1 Quarter
Proceeds from warrant exercise	`ProceedsFromWarrantExercises`	$1.16K	USD	1 Quarter
Loan from (to) officer	`ProceedsFromRepaymentsOfRelatedPartyDebt`	-	USD	1 Quarter
Loan from (to) officer	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$-32.73K	USD	1 Quarter
Net Cash (Used In) Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$-437.00	USD	1 Quarter
Net Cash (Used In) Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$-32.73K	USD	1 Quarter
Net Increase in Cash and equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-2.85M	USD	1 Quarter
Net Increase in Cash and equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$682.45K	USD	1 Quarter
Cash and equivalents at January 1,	`CashAndCashEquivalentsAtCarryingValue`	$1.71M	USD	Point-in-time
Cash and equivalents at January 1,	`CashAndCashEquivalentsAtCarryingValue`	$8.91M	USD	Point-in-time
Cash and equivalents at January 1,	`CashAndCashEquivalentsAtCarryingValue`	$1.03M	USD	Point-in-time
Cash and equivalents at January 1,	`CashAndCashEquivalentsAtCarryingValue`	$11.76M	USD	Point-in-time
Cash and equivalents at March 31,	`CashAndCashEquivalentsAtCarryingValue`	$1.71M	USD	Point-in-time
Cash and equivalents at March 31,	`CashAndCashEquivalentsAtCarryingValue`	$8.91M	USD	Point-in-time
Cash and equivalents at March 31,	`CashAndCashEquivalentsAtCarryingValue`	$1.03M	USD	Point-in-time
Cash and equivalents at March 31,	`CashAndCashEquivalentsAtCarryingValue`	$11.76M	USD	Point-in-time
Interest	`InterestPaidNet`	$573.00	USD	1 Quarter
Interest	`InterestPaidNet`	-	USD	1 Quarter
Initial recognition of warrant liability	`InitialRecognitionOfWarrantLiability`	-	USD	1 Quarter
Initial recognition of warrant liability	`InitialRecognitionOfWarrantLiability`	$135.12K	USD	1 Quarter
Reclassification from liability to be settled in stock to additional paid in capital	`ReclassificationFromLiabilityToBeSettledInStockToAdditionalPaidInCapital`	-	USD	1 Quarter
Reclassification from liability to be settled in stock to additional paid in capital	`ReclassificationFromLiabilityToBeSettledInStockToAdditionalPaidInCapital`	$21.42K	USD	1 Quarter
Fair market value of stock granted in connection with acquisition	`FairMarketValueOfStockGrantedInConnectionWithAcquisition`	-	USD	1 Quarter
Fair market value of stock granted in connection with acquisition	`FairMarketValueOfStockGrantedInConnectionWithAcquisition`	$7.12M	USD	1 Quarter

Stockholders Equity 15 line items

Line Item	Tag	Value	Unit	Period
Balance at the beginning	`StockholdersEquity`	$1.07M	USD	Point-in-time
Balance at the beginning	`StockholdersEquity`	$15.94M	USD	Point-in-time
Balance at the beginning	`StockholdersEquity`	$1.15M	USD	Point-in-time
Balance at the beginning	`StockholdersEquity`	$9.75M	USD	Point-in-time
Settlement of liability to be settled in stock	`SettlementOfLiabilityToBeSettledInStock`	$21.42K	USD	1 Quarter
Creation of warrant liability	`CreationOfWarrantLiability`	$-135.12K	USD	1 Quarter
Exercise of warrants	`StockIssuedDuringPeriodValueStockOptionsExercised`	$1.16K	USD	1 Quarter
Common stock issued for acquisition	`StockIssuedDuringPeriodValueAcquisitions`	$7.12M	USD	1 Quarter
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$210.74K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-78.38K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.03M	USD	1 Quarter
Balance at the end	`StockholdersEquity`	$1.07M	USD	Point-in-time
Balance at the end	`StockholdersEquity`	$15.94M	USD	Point-in-time
Balance at the end	`StockholdersEquity`	$1.15M	USD	Point-in-time
Balance at the end	`StockholdersEquity`	$9.75M	USD	Point-in-time

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