2017 Q1 Form 10-K Financial Statement

#000114420417017567 Filed on March 30, 2017

View on sec.gov

Income Statement

Concept 2017 Q1 2016 Q4 2016
Revenue $434.5K $400.0K $994.3K
YoY Change 248.44% 1900.0% 193.41%
Cost Of Revenue $341.0K $320.0K $1.226M
YoY Change 15.68% 540.0% 0.14%
Gross Profit $93.47K $80.00K -$232.1K
YoY Change -154.95% -500.0% -73.8%
Gross Profit Margin 21.51% 20.0% -23.34%
Selling, General & Admin $1.017M $880.0K $3.282M
YoY Change 71.17% 44.26% -40.52%
% of Gross Profit 1088.54% 1100.0%
Research & Development $44.70K $90.00K $343.7K
YoY Change -47.79% 12.5% -8.54%
% of Gross Profit 47.83% 112.5%
Depreciation & Amortization $447.00 $140.0K $0.00
YoY Change 7.69% -100.0%
% of Gross Profit 0.48% 175.0%
Operating Expenses $1.208M $1.110M $4.246M
YoY Change 47.53% 33.73% -33.94%
Operating Profit -$1.114M -$1.030M -$4.478M
YoY Change 12.69% 21.18% -38.77%
Interest Expense $164.00 $230.0K -$676.0K
YoY Change -100.15% 130.0% -15894.32%
% of Operating Profit
Other Income/Expense, Net $310.9K $0.00 -$5.100M
YoY Change -108.83% -4965.74%
Pretax Income -$800.0K -$850.0K -$9.580M
YoY Change -82.26% 13.33% 32.87%
Income Tax
% Of Pretax Income
Net Earnings -$803.2K -$850.0K -$9.579M
YoY Change -82.19% 13.33% 32.87%
Net Earnings / Revenue -184.85% -212.5% -963.39%
Basic Earnings Per Share
Diluted Earnings Per Share -$178.6K -$196.8K -$2.419M
COMMON SHARES
Basic Shares Outstanding 112.0M shares 107.5M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2017 Q1 2016 Q4 2016
SHORT-TERM ASSETS
Cash & Short-Term Investments $780.0K $1.410M $1.410M
YoY Change -30.97% -18.97% -18.97%
Cash & Equivalents $783.7K $1.409M
Short-Term Investments $0.00 $0.00 $0.00
Other Short-Term Assets $10.00K $20.00K $20.00K
YoY Change -75.0% -50.0% -50.0%
Inventory
Prepaid Expenses
Receivables $57.60K $44.65K $40.00K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $860.0K $1.470M $1.470M
YoY Change -27.73% -18.56% -18.33%
LONG-TERM ASSETS
Property, Plant & Equipment $5.289K $0.00
YoY Change
Goodwill $700.5K
YoY Change 0.0%
Intangibles $2.313M
YoY Change -18.57%
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $2.920M $3.019M $3.020M
YoY Change -15.21% -14.76% -14.93%
TOTAL ASSETS
Total Short-Term Assets $860.0K $1.470M $1.470M
Total Long-Term Assets $2.920M $3.019M $3.020M
Total Assets $3.780M $4.489M $4.490M
YoY Change -18.42% -16.04% -16.07%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $260.0K $250.0K $250.0K
YoY Change -3.7% 19.05% 19.05%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $20.00K $20.00K $20.00K
YoY Change 0.0% 0.0% 0.0%
Total Short-Term Liabilities $3.930M $4.167M $4.170M
YoY Change -11.36% 367.54% 368.54%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0% -100.0% -100.0%
Other Long-Term Liabilities $10.00K $10.00K $10.00K
YoY Change
Total Long-Term Liabilities $10.00K $10.00K $10.00K
YoY Change -99.49% -99.48% -99.48%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.930M $4.167M $4.170M
Total Long-Term Liabilities $10.00K $10.00K $10.00K
Total Liabilities $3.950M $4.181M $4.180M
YoY Change -38.25% 48.55% 48.75%
SHAREHOLDERS EQUITY
Retained Earnings -$34.62M -$33.82M
YoY Change 20.42% 39.52%
Common Stock $1.115K
YoY Change 36.47%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$164.3K $307.2K $310.0K
YoY Change
Total Liabilities & Shareholders Equity $3.781M $4.489M $4.490M
YoY Change -18.4% -16.04% -16.07%

Cashflow Statement

Concept 2017 Q1 2016 Q4 2016
OPERATING ACTIVITIES
Net Income -$803.2K -$850.0K -$9.579M
YoY Change -82.19% 13.33% 32.87%
Depreciation, Depletion And Amortization $447.00 $140.0K $0.00
YoY Change 7.69% -100.0%
Cash From Operating Activities -$613.0K -$630.0K -$2.340M
YoY Change 9.47% -5.97% -57.22%
INVESTING ACTIVITIES
Capital Expenditures $5.736K $0.00 $0.00
YoY Change -100.0% -100.0%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$56.71K $0.00 -$42.64K
YoY Change 41.77% -100.0% -84.77%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $50.00K $2.129M
YoY Change 555.1%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $44.00K 550.0K $2.105M
YoY Change -540.0% -78.0% -63.52%
NET CHANGE
Cash From Operating Activities -$613.0K -630.0K -$2.340M
Cash From Investing Activities -$56.71K 0.000 -$42.64K
Cash From Financing Activities $44.00K 550.0K $2.105M
Net Change In Cash -$625.8K -80.00K -$277.8K
YoY Change 2.58% -104.88% -1489.2%
FREE CASH FLOW
Cash From Operating Activities -$613.0K -$630.0K -$2.340M
Capital Expenditures $5.736K $0.00 $0.00
Free Cash Flow -$618.8K -$630.0K -$2.340M
YoY Change 10.5% 31.25% -54.91%

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CY2016Q3 us-gaap Stock Issued During Period Shares Issued For Services
StockIssuedDuringPeriodSharesIssuedForServices
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CY2016Q3 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
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CY2016Q3 us-gaap Stock Issued During Period Shares Issued For Services
StockIssuedDuringPeriodSharesIssuedForServices
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CY2016Q3 us-gaap Stock Issued During Period Value Issued For Services
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CY2016Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
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7558530 USD
CY2015Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
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CY2016Q4 us-gaap Deferred Tax Assets Valuation Allowance
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7558530 USD
CY2015Q4 us-gaap Deferred Tax Assets Valuation Allowance
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6373434 USD
CY2016Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
0 USD
CY2015Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
0 USD
CY2015Q4 us-gaap Operating Loss Carryforwards
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18745343 USD
CY2016 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2016 dei Entity Registrant Name
EntityRegistrantName
AUDIOEYE INC
CY2016 dei Entity Central Index Key
EntityCentralIndexKey
0001362190
CY2016 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2016 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No
CY2016 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2016 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2016 dei Entity Filer Category
EntityFilerCategory
Smaller Reporting Company
CY2016Q2 dei Entity Public Float
EntityPublicFloat
8551581 USD
CY2016 dei Trading Symbol
TradingSymbol
AEYE
CY2016Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2015Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2016Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
160000 shares
CY2016Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.00001
CY2016Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
111512001 shares
CY2016 us-gaap Impairment Of Investments
ImpairmentOfInvestments
50000 USD
CY2015 us-gaap Impairment Of Investments
ImpairmentOfInvestments
0 USD
CY2016 us-gaap Gains Losses On Extinguishment Of Debt
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CY2015 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
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OtherNonoperatingIncomeExpense
750 USD
CY2015 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
3814 USD
CY2016 us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
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60918 USD
CY2016 us-gaap Increase Decrease In Prepaid Rent
IncreaseDecreaseInPrepaidRent
-14657 USD
CY2015 us-gaap Increase Decrease In Prepaid Rent
IncreaseDecreaseInPrepaidRent
0 USD
CY2016 us-gaap Use Of Estimates
UseOfEstimates
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt"> <u>Use of Estimates</u></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt"> &#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Significant estimates include the fair value of the Company&#8217;s stock, stock-based compensation, fair values relating to derivative liabilities, debt discounts and the valuation allowance related to deferred tax assets. Actual results may differ from these estimates.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
CY2016 us-gaap Revenue Recognition Long Term Contracts
RevenueRecognitionLongTermContracts
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt"> <u>Billings in Excess of Revenues</u></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt"> &#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify">Revenue is recognized as a portion of the contract term as services are delivered, and deferred revenue is recorded, only upon the receipt of cash. Timing and accounts affected by the respective journal entry are triggered when payment is received and applied to invoices in accounts receivable. There were no long-term contracts in process as of December 31, 2016 and 2015.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
CY2016 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt"> <u>Reclassification</u></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt"> &#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify">Certain reclassifications have been made to prior periods&#8217; data to conform to the current year&#8217;s presentation. These reclassifications had no effect on reported income or losses.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
CY2016 us-gaap Fiscal Period
FiscalPeriod
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><u>Fiscal Year End</u></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify">The Company has a fiscal year ending on December&#160;31.&#160;</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
CY2016 us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
0 USD
CY2015 us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
2500000 USD
CY2016 us-gaap Proceeds From Repayments Of Notes Payable
ProceedsFromRepaymentsOfNotesPayable
-24000 USD
CY2015 us-gaap Proceeds From Repayments Of Notes Payable
ProceedsFromRepaymentsOfNotesPayable
-28000 USD
CY2016 us-gaap Interest Paid
InterestPaid
0 USD
CY2015 us-gaap Interest Paid
InterestPaid
4567 USD
CY2016 aeye Deemed Dividend Beneficial Conversion Feature On Convertible Preferred Stock
DeemedDividendBeneficialConversionFeatureOnConvertiblePreferredStock
0 USD
CY2015 aeye Deemed Dividend Beneficial Conversion Feature On Convertible Preferred Stock
DeemedDividendBeneficialConversionFeatureOnConvertiblePreferredStock
594641 USD
CY2016 us-gaap Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
1078123 USD
CY2015 us-gaap Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
0 USD
CY2016 us-gaap Conversion Of Stock Amount Issued1
ConversionOfStockAmountIssued1
9 USD
CY2016 aeye Restricted Stock Units Issued In Payment Of Accrued Compensation
RestrictedStockUnitsIssuedInPaymentOfAccruedCompensation
72917 USD
CY2016 us-gaap Embedded Derivative No Longer Bifurcated Amount Reclassified To Stockholders Equity
EmbeddedDerivativeNoLongerBifurcatedAmountReclassifiedToStockholdersEquity
280777 USD
CY2015 us-gaap Embedded Derivative No Longer Bifurcated Amount Reclassified To Stockholders Equity
EmbeddedDerivativeNoLongerBifurcatedAmountReclassifiedToStockholdersEquity
0 USD
CY2015Q4 us-gaap Accrued Rent Current And Noncurrent
AccruedRentCurrentAndNoncurrent
0 USD
CY2016Q3 aeye Lease Rent Per Month
LeaseRentPerMonth
4724 USD
CY2016 aeye Lease Rent Per Month
LeaseRentPerMonth
5474 USD
CY2016Q4 us-gaap Convertible Notes Payable
ConvertibleNotesPayable
0 USD
CY2015Q4 us-gaap Convertible Notes Payable
ConvertibleNotesPayable
1899699 USD
CY2016Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
0 USD
CY2015Q4 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
2500000 USD
CY2015Q4 aeye Class Of Warrant Or Right Exercisable Number
ClassOfWarrantOrRightExercisableNumber
25000000 shares
CY2015Q4 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
0.10
CY2015Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Expiration Period
SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod
P5Y
CY2015Q4 aeye Stock Issued During Period Value Warrants Exercised
StockIssuedDuringPeriodValueWarrantsExercised
1752000 shares
CY2016 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Change In Unrealized Gain Loss
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisChangeInUnrealizedGainLoss
2758488 USD
CY2016Q4 us-gaap Long Term Debt
LongTermDebt
0 USD
CY2015Q4 us-gaap Long Term Debt
LongTermDebt
1923499 USD
CY2016 us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
1775000 USD
CY2016Q4 aeye Working Capital Amount
WorkingCapitalAmount
2692090 USD
CY2016Q4 aeye Working Capital
WorkingCapital
786536 USD
CY2016 us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
2129082 USD
CY2016 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
280777 USD
CY2016 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Expiration Period
SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod
P5Y
CY2016 aeye Common Stock Issuance Price Per Share
CommonStockIssuancePricePerShare
0.25
CY2016Q4 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
0.25
CY2016Q4 us-gaap Share Price
SharePrice
0.14
CY2016 us-gaap Fair Value Assumptions Weighted Average Volatility Rate
FairValueAssumptionsWeightedAverageVolatilityRate
1.7557 pure
CY2016 us-gaap Payments To Acquire Businesses And Interest In Affiliates
PaymentsToAcquireBusinessesAndInterestInAffiliates
3478626 USD
CY2016Q4 aeye Due To Related Party For Unreimbursed Travel Related Expenses
DueToRelatedPartyForUnreimbursedTravelRelatedExpenses
8000 USD
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
111603 USD
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
105168 USD
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
37719 USD
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
254490 USD
CY2016 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
109340 USD
CY2015 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
314485 USD
CY2016Q4 us-gaap Deferred Rent Credit
DeferredRentCredit
14657 USD
CY2016Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
0.038
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
1391188 shares
CY2016Q4 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
0.121
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Expiration Date
ShareBasedCompensationArrangementByShareBasedPaymentAwardExpirationDate
2021-12-02
CY2016Q4 aeye Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGrantDateFairValue
150875 USD
CY2015Q4 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
149800 USD
CY2016 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
600301 USD
CY2016 us-gaap Debt Conversion Description
DebtConversionDescription
In connection with the transaction, the Company also entered into amendments to certain agreements. On April 18, 2016, the Company entered into a First Amendment to Note and Warrant Purchase Agreement (the Purchase Agreement Amendment) and an Omnibus Amendment to Secured Promissory Notes (the Note Amendment), which collectively amend that certain Note and Warrant Purchase Agreement dated as of October 9, 2015 (the Original Agreement) and the convertible promissory notes previously issued thereunder to, among other things (i) remove the right of Anthion Partners II, LLC (together with its affiliates, Anthion), entities under the control of David Moradi, to designate a member of the Board of Directors of the Company; (ii) amend the convertible promissory notes issued thereunder to provide that if a change of control of the Company occurs prior to the maturity date or an equity financing (as defined therein), the convertible promissory note shall be repaid in an amount equal to the product of (a) 1.4 and (b) the outstanding principal amount and all accrued and unpaid interest thereunder; (iii) reduce the conversion threshold in the definition of qualified financing under the convertible promissory notes from $2,000,000 to $1,000,000; (iv) remove the security interest feature from the form of convertible promissory note that may be issued in the future under the Original Agreement, as amended, and (v) provide for optional conversion into warrants containing blocker provisions (Special Warrants) instead of shares upon an equity financing. The Company also made certain amendments to outstanding warrants to add similar blocker provisions.
CY2016Q3 us-gaap Litigation Settlement Amount
LitigationSettlementAmount
1525000 USD
CY2016Q3 us-gaap Payments For Legal Settlements
PaymentsForLegalSettlements
100000 USD
CY2016Q4 aeye Area Of Principal Executive Offices
AreaOfPrincipalExecutiveOffices
2362 acre
CY2016Q2 us-gaap Stock Issued During Period Shares Issued For Services
StockIssuedDuringPeriodSharesIssuedForServices
83336 shares
CY2016Q2 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
53123 USD
CY2016Q2 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
63292 USD
CY2016Q4 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
41666 shares
CY2016Q4 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
5208 USD
CY2016Q4 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
41666 shares
CY2016Q4 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
4917 USD
CY2016Q4 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
41666 shares
CY2016Q4 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
5709 USD
CY2016Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
6500000 shares
CY2016Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Rights
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingRights
Vesting shall only occur if the closing share price of the Companys common stock on each of the 20 trading days before and including the end of any performance period is not less than $0.20 per share (market condition)
CY2015Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
175000 shares
CY2016 us-gaap Sales Revenue Net
SalesRevenueNet
994265 USD
CY2014Q4 us-gaap Stockholders Equity
StockholdersEquity
5863955 USD
CY2015 us-gaap Adjustments To Additional Paid In Capital Increase In Carrying Amount Of Redeemable Preferred Stock
AdjustmentsToAdditionalPaidInCapitalIncreaseInCarryingAmountOfRedeemablePreferredStock
1750000 USD
CY2015 aeye Stock Issued During Period Value For Cash
StockIssuedDuringPeriodValueForCash
325000 USD
CY2015 aeye Stock Issued During Period Value For Exercise Of Warrants
StockIssuedDuringPeriodValueForExerciseOfWarrants
43941 USD
CY2015 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
682126 USD
CY2016 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
63292 USD
CY2015 aeye Warrants Issued For Cancellation Of Common Stock
WarrantsIssuedForCancellationOfCommonStock
0 USD
CY2015 aeye Adjustments To Additional Paid In Capital Warrant Options And Psu Issued For Services
AdjustmentsToAdditionalPaidInCapitalWarrantOptionsAndPsuIssuedForServices
1075749 USD
CY2016 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
1078123 USD
CY2016 aeye Stock Issued During Period Value Conversion Of Preferred Stock
StockIssuedDuringPeriodValueConversionOfPreferredStock
0 USD
CY2016 us-gaap Adjustments To Additional Paid In Capital Warrant Issued
AdjustmentsToAdditionalPaidInCapitalWarrantIssued
3205959 USD
CY2016 us-gaap Adjustments To Additional Paid In Capital Other
AdjustmentsToAdditionalPaidInCapitalOther
-280777 USD
CY2016 aeye Adjustments To Additional Paid In Capital Warrant And Options Issued For Services
AdjustmentsToAdditionalPaidInCapitalWarrantAndOptionsIssuedForServices
1085645 USD
CY2016 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
72917 USD
CY2016Q4 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
72917 USD
CY2016 aeye Impairment Loss On Non Marketable Securities
ImpairmentLossOnNonMarketableSecurities
50000 USD
CY2015 aeye Impairment Loss On Non Marketable Securities
ImpairmentLossOnNonMarketableSecurities
0 USD
CY2016Q2 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
18353310 shares
CY2016Q2 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
0.001
CY2016Q4 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
18353310 shares
CY2016Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
111512001 shares
CY2016 aeye Common Stock Issued During Period Value New Issues
CommonStockIssuedDuringPeriodValueNewIssues
2129082 USD
CY2016 aeye Warrant Issued In Settlement Of Conventiable Note Payable And Accured Interest
WarrantIssuedInSettlementOfConventiableNotePayableAndAccuredInterest
3205959 USD
CY2015 aeye Warrant Issued In Settlement Of Conventiable Note Payable And Accured Interest
WarrantIssuedInSettlementOfConventiableNotePayableAndAccuredInterest
0 USD
CY2015Q2 us-gaap Share Price
SharePrice
10.00
CY2014Q4 us-gaap Investment Owned At Cost
InvestmentOwnedAtCost
50000 USD
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
26731207 shares
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
14759914 shares
CY2015 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
26992 USD

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