$CLIR
ClearSign Technologies Corp

2014 Q2 Form 10-Q Financial Statement

#000114420415048986 Filed on August 13, 2015

View on sec.gov

Income Statement

Concept 2014 Q2
Revenue $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $37.00K
YoY Change 0.0%
% of Gross Profit
Research & Development $556.0K
YoY Change 3.54%
% of Gross Profit
Depreciation & Amortization $60.00K
YoY Change 20.0%
% of Gross Profit
Operating Expenses $1.628M
YoY Change 15.63%
Operating Profit -$1.628M
YoY Change 15.63%
Interest Expense $0.00
YoY Change
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$1.630M
YoY Change 15.6%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$1.626M
YoY Change 15.73%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share -$169.3K
COMMON SHARES
Basic Shares Outstanding 9.632M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2014 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $4.730M
YoY Change -8.33%
Cash & Equivalents $4.731M
Short-Term Investments
Other Short-Term Assets $210.0K
YoY Change -34.38%
Inventory
Prepaid Expenses $212.0K
Receivables
Other Receivables
Total Short-Term Assets $4.943M
YoY Change -9.8%
LONG-TERM ASSETS
Property, Plant & Equipment $371.0K
YoY Change -13.72%
Goodwill
YoY Change
Intangibles $2.030M
YoY Change
Long-Term Investments
YoY Change
Other Assets $10.00K
YoY Change 0.0%
Total Long-Term Assets $2.411M
YoY Change 70.99%
TOTAL ASSETS
Total Short-Term Assets $4.943M
Total Long-Term Assets $2.411M
Total Assets $7.354M
YoY Change 6.73%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $216.0K
YoY Change 27.06%
Accrued Expenses $516.0K
YoY Change 7.5%
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $732.0K
YoY Change 12.62%
LONG-TERM LIABILITIES
Long-Term Debt $0.00
YoY Change
Other Long-Term Liabilities $40.00K
YoY Change 33.33%
Total Long-Term Liabilities $40.00K
YoY Change 33.33%
TOTAL LIABILITIES
Total Short-Term Liabilities $732.0K
Total Long-Term Liabilities $40.00K
Total Liabilities $770.0K
YoY Change 11.59%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $1.000K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $6.584M
YoY Change
Total Liabilities & Shareholders Equity $7.354M
YoY Change 6.73%

Cashflow Statement

Concept 2014 Q2
OPERATING ACTIVITIES
Net Income -$1.626M
YoY Change 15.73%
Depreciation, Depletion And Amortization $60.00K
YoY Change 20.0%
Cash From Operating Activities -$1.470M
YoY Change 11.36%
INVESTING ACTIVITIES
Capital Expenditures -$290.0K
YoY Change 61.11%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$290.0K
YoY Change 61.11%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 0.000
YoY Change
NET CHANGE
Cash From Operating Activities -1.470M
Cash From Investing Activities -290.0K
Cash From Financing Activities 0.000
Net Change In Cash -1.760M
YoY Change 17.33%
FREE CASH FLOW
Cash From Operating Activities -$1.470M
Capital Expenditures -$290.0K
Free Cash Flow -$1.180M
YoY Change 3.51%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2014Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
9631972 shares
CY2014Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.17
CY2015Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.14
CY2015Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
12799666 shares
us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
62000 USD
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
284000 USD
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
355000 USD
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
17491000 USD
us-gaap Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
1212000 USD
clir Common Stock Issued For Services
CommonStockIssuedForServices
111000 USD
clir Common Stock Issued For Services
CommonStockIssuedForServices
62000 USD
us-gaap Exploration Abandonment And Impairment Expense
ExplorationAbandonmentAndImpairmentExpense
5000 USD
clir Deferred Rent
DeferredRent
-6000 USD
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
145000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
174000 USD
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-340000 USD
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
-3162000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
30000 USD
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
611000 USD
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-641000 USD
us-gaap Exploration Abandonment And Impairment Expense
ExplorationAbandonmentAndImpairmentExpense
8000 USD
clir Deferred Rent
DeferredRent
7000 USD
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
94000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-81000 USD
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-70000 USD
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
-3111000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
63000 USD
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
579000 USD
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-642000 USD
CY2013Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
2688000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
162000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
355000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
119000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
112000 USD
us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
5796000 USD
us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
16279000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
0 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
285000 USD
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
5796000 USD
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
16564000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
2043000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
12761000 USD
CY2014Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
4731000 USD
CY2015Q2 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
647000 USD
CY2014Q4 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
646000 USD
CY2015Q2 us-gaap Furniture And Fixtures Gross
FurnitureAndFixturesGross
121000 USD
CY2014Q4 us-gaap Furniture And Fixtures Gross
FurnitureAndFixturesGross
98000 USD
CY2015Q2 us-gaap Leasehold Improvements Gross
LeaseholdImprovementsGross
130000 USD
CY2014Q4 us-gaap Leasehold Improvements Gross
LeaseholdImprovementsGross
124000 USD
CY2015Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
712000 USD
CY2014Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
605000 USD
CY2015Q2 us-gaap Other Finite Lived Intangible Assets Gross
OtherFiniteLivedIntangibleAssetsGross
8000 USD
CY2014Q4 us-gaap Other Finite Lived Intangible Assets Gross
OtherFiniteLivedIntangibleAssetsGross
8000 USD
CY2015Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
6000 USD
CY2014Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
1000 USD
CY2015Q2 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
141000 USD
CY2015Q2 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
24000 USD
CY2015Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2014Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2014Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2015Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2014Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2015Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2015Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2014Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2015Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
12811218 shares
CY2015Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
12811218 shares
CY2014Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
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CY2014Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
9681476 shares
clir Stock Issued During Period Underwritten Offering Per Share
StockIssuedDuringPeriodUnderwrittenOfferingPerShare
5.85
clir Common Stock For Services Per Share Issue One
CommonStockForServicesPerShareIssueOne
5.97
clir Stock Issued During Period Par Value Exercise Of Options
StockIssuedDuringPeriodParValueExerciseOfOptions
2.20
us-gaap Use Of Estimates
UseOfEstimates
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both;LINE-HEIGHT: normal; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt"> </div> <div style="CLEAR:both;LINE-HEIGHT: normal; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt"> <u><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">Use of Estimates</font></u></div> <div style="CLEAR:both;LINE-HEIGHT: normal; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt"> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> &#160;</font></div> <div style="CLEAR:both;LINE-HEIGHT: normal; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt"> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities and 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.&#160;Actual results could differ from those estimates.</font></div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
CY2015Q2 clir Obligation To Pay In Common Stock At Fair Value
ObligationToPayInCommonStockAtFairValue
150000 USD
clir Rent Expense Escalation Percentage
RentExpenseEscalationPercentage
0.03 pure
clir Reduction In Deferred Rent
ReductionInDeferredRent
6000 USD
clir Triple Net Operating Cost
TripleNetOperatingCost
3000 USD
CY2015Q2 us-gaap Cash Fdic Insured Amount
CashFDICInsuredAmount
250000 USD
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1392352 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1249582 shares
clir Emerging Growth Company Minimum Revenue
EmergingGrowthCompanyMinimumRevenue
1000000000 USD
CY2015Q2 clir Emerging Growth Company Non Convertible Debt
EmergingGrowthCompanyNonConvertibleDebt
1000000000 USD
CY2015Q2 clir Emerging Growth Company Minimum Nonaffiliate Market Value Of Common Stock
EmergingGrowthCompanyMinimumNonaffiliateMarketValueOfCommonStock
700000000 USD
CY2015Q2 clir Emerging Growth Company Nonaffiliate Market Value Of Common Stock
EmergingGrowthCompanyNonaffiliateMarketValueOfCommonStock
61000000 USD
us-gaap Property Plant And Equipment Estimated Useful Lives
PropertyPlantAndEquipmentEstimatedUsefulLives
over two to four years
CY2015Q2 us-gaap Finite Lived Patents Gross
FiniteLivedPatentsGross
2934000 USD
CY2014Q4 us-gaap Finite Lived Patents Gross
FiniteLivedPatentsGross
2329000 USD
CY2015Q2 us-gaap Finite Lived Trademarks Gross
FiniteLivedTrademarksGross
37000 USD
CY2014Q4 us-gaap Finite Lived Trademarks Gross
FiniteLivedTrademarksGross
36000 USD
CY2015Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
2979000 USD
CY2014Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
2373000 USD
CY2015Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
2973000 USD
CY2014Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
2372000 USD
CY2015Q2 us-gaap Exploration Abandonment And Impairment Expense
ExplorationAbandonmentAndImpairmentExpense
5000 USD
CY2014Q2 us-gaap Exploration Abandonment And Impairment Expense
ExplorationAbandonmentAndImpairmentExpense
0 USD
CY2015Q2 clir Warrants Outstanding
WarrantsOutstanding
564272 shares
clir Warrants Outstanding Weighted Average Exercise Price
WarrantsOutstandingWeightedAverageExercisePrice
4.14
CY2015Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
62500000 shares
CY2015Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
2000000 shares
CY2014Q1 clir Warrants Authorized For Issuance To Acquire Common Stock Shares Number
WarrantsAuthorizedForIssuanceToAcquireCommonStockSharesNumber
20313 shares
CY2015Q2 us-gaap Operating Leases Future Minimum Payments Remainder Of Fiscal Year
OperatingLeasesFutureMinimumPaymentsRemainderOfFiscalYear
69000 USD
CY2015Q2 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
234000 USD
CY2015Q2 us-gaap Contractual Obligation
ContractualObligation
300000 USD
CY2015Q2 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2015Q2 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
40000 USD
us-gaap Lease And Rental Expense
LeaseAndRentalExpense
82000 USD
CY2014Q2 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
41000 USD
us-gaap Lease And Rental Expense
LeaseAndRentalExpense
79000 USD
CY2014Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
clir Stock Issued During Period Value Stock Options Exercised One
StockIssuedDuringPeriodValueStockOptionsExercisedOne
1000 USD
clir Stock Issued During Period Par Value Exercise Of Options One
StockIssuedDuringPeriodParValueExerciseOfOptionsOne
4.88
clir Tax Benefits Recognized Description
TaxBenefitsRecognizedDescription
The tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than 50 percent likelihood of being realized upon ultimate resolution.
CY2014Q2 us-gaap Accrued Rent Current And Noncurrent
AccruedRentCurrentAndNoncurrent
7000 USD

Files In Submission

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