2017 Q1 Form 10-K Financial Statement
#000114420417017567 Filed on March 30, 2017
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% |
Facts In Submission
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CY2016 | us-gaap |
Payments To Develop Software
PaymentsToDevelopSoftware
|
0 | USD |
CY2016 | aeye |
Debt Discount On Warrants Issued With Debt
DebtDiscountOnWarrantsIssuedWithDebt
|
0 | USD |
CY2015 | aeye |
Debt Discount On Warrants Issued With Debt
DebtDiscountOnWarrantsIssuedWithDebt
|
627293 | USD |
CY2016 | us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
325695 | USD |
CY2015 | aeye |
Value Of Warrants Issuedcancellation Of Common Stock
ValueOfWarrantsIssuedcancellationOfCommonStock
|
1 | USD |
CY2015 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
0 | USD |
CY2016 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
0 | USD |
CY2016 | us-gaap |
Depreciation
Depreciation
|
0 | USD |
CY2015 | us-gaap |
Depreciation
Depreciation
|
651 | USD |
CY2016Q4 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
2006028 | USD |
CY2015Q4 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
1435781 | USD |
CY2014Q1 | aeye |
Escrow Shares
EscrowShares
|
250000 | shares |
CY2015Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
81717154 | shares |
CY2015Q4 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
2840856 | USD |
CY2016Q4 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
2313249 | USD |
CY2015 | us-gaap |
Proceeds From Notes Payable
ProceedsFromNotesPayable
|
2500000 | USD |
CY2016Q4 | us-gaap |
Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
|
627293 | USD |
CY2015 | us-gaap |
Loss Contingency Undiscounted Amount Of Insurance Related Assessment Liability
LossContingencyUndiscountedAmountOfInsuranceRelatedAssessmentLiability
|
100000 | USD |
CY2015Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.00001 | |
CY2016Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
250000000 | shares |
CY2015Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
250000000 | shares |
CY2016Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
160000 | shares |
CY2015Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
175000 | shares |
CY2015Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
81717154 | shares |
CY2015 | us-gaap |
Sales Revenue Net
SalesRevenueNet
|
338863 | USD |
CY2016Q4 | us-gaap |
Operating Loss Carryforwards
OperatingLossCarryforwards
|
22230971 | USD |
CY2016 | dei |
Document Type
DocumentType
|
10-K | |
CY2016 | dei |
Amendment Flag
AmendmentFlag
|
false | |
CY2016 | dei |
Document Period End Date
DocumentPeriodEndDate
|
2016-12-31 | |
CY2016 | dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2016 | |
CY2017Q1 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
111994142 | shares |
CY2016Q4 | us-gaap |
Deferred Rent Credit Current
DeferredRentCreditCurrent
|
207 | USD |
CY2015Q4 | us-gaap |
Deferred Rent Credit Current
DeferredRentCreditCurrent
|
0 | USD |
CY2016Q4 | us-gaap |
Deferred Rent Credit Noncurrent
DeferredRentCreditNoncurrent
|
14450 | USD |
CY2015Q4 | us-gaap |
Deferred Rent Credit Noncurrent
DeferredRentCreditNoncurrent
|
0 | USD |
CY2016Q4 | us-gaap |
Notes Payable Related Parties Noncurrent
NotesPayableRelatedPartiesNoncurrent
|
0 | USD |
CY2015Q4 | us-gaap |
Notes Payable Related Parties Noncurrent
NotesPayableRelatedPartiesNoncurrent
|
1365684 | USD |
CY2016Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
CY2015Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
CY2016Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.00001 | |
CY2015Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.00001 | |
CY2015Q1 | aeye |
Proceeds From Units Sold To Accredited Investors
ProceedsFromUnitsSoldToAccreditedInvestors
|
325000 | USD |
CY2015Q2 | us-gaap |
Shares Issued
SharesIssued
|
175000 | shares |
CY2015Q2 | aeye |
Private Placement Cost For Units Sold To Accredited Investors
PrivatePlacementCostForUnitsSoldToAccreditedInvestors
|
1750000 | USD |
CY2015Q2 | us-gaap |
Debt Instrument Convertible Conversion Price1
DebtInstrumentConvertibleConversionPrice1
|
0.1754 | |
CY2016Q2 | us-gaap |
Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
|
14292 | USD |
CY2016Q2 | us-gaap |
Stock Issued During Period Shares Conversion Of Convertible Securities
StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities
|
12834800 | shares |
CY2016Q2 | us-gaap |
Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
|
1025000 | USD |
CY2016Q2 | us-gaap |
Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
|
11714285 | shares |
CY2016Q2 | aeye |
Stock Issued During Period Value Warrants Exercised
StockIssuedDuringPeriodValueWarrantsExercised
|
1312000 | shares |
CY2016Q2 | us-gaap |
Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
|
1579082 | USD |
CY2016Q2 | us-gaap |
Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
|
0.25 | |
CY2016Q3 | us-gaap |
Stock Issued During Period Shares Issued For Services
StockIssuedDuringPeriodSharesIssuedForServices
|
124998 | shares |
CY2016Q3 | us-gaap |
Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
|
20666 | USD |
CY2016Q3 | us-gaap |
Stock Issued During Period Shares Issued For Services
StockIssuedDuringPeriodSharesIssuedForServices
|
41666 | shares |
CY2016Q3 | us-gaap |
Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
|
6208 | USD |
CY2016Q3 | us-gaap |
Stock Issued During Period Shares Issued For Services
StockIssuedDuringPeriodSharesIssuedForServices
|
41666 | shares |
CY2016Q3 | us-gaap |
Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
|
6292 | USD |
CY2016Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
7558530 | USD |
CY2015Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
6373434 | USD |
CY2016Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
7558530 | USD |
CY2015Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
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
OperatingLossCarryforwards
|
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
GainsLossesOnExtinguishmentOfDebt
|
-1664281 | USD |
CY2015 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
0 | USD |
CY2016 | us-gaap |
Other Nonoperating Income Expense
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
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
|
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">  </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’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">  </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">  </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’ data to conform to the current year’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"> </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 31. </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 |