2016 Q1 Form 10-Q Financial Statement
#000114420416100569 Filed on May 11, 2016
Income Statement
| Concept | 2016 Q1 | 2015 Q4 | 2015 Q1 |
|---|---|---|---|
| Revenue | $568.0K | $310.0K | $67.00K |
| YoY Change | 747.76% | 520.0% | |
| Cost Of Revenue | $670.0K | $570.0K | $297.0K |
| YoY Change | 125.59% | -13.64% | -29.45% |
| Gross Profit | -$102.0K | -$260.0K | -$230.0K |
| YoY Change | -55.65% | -57.38% | -45.37% |
| Gross Profit Margin | -17.96% | -83.87% | -343.28% |
| Selling, General & Admin | $1.420M | $1.030M | $660.0K |
| YoY Change | 115.15% | 37.33% | -42.11% |
| % of Gross Profit | |||
| Research & Development | $397.0K | $570.0K | $883.0K |
| YoY Change | -55.04% | -21.92% | -20.23% |
| % of Gross Profit | |||
| Depreciation & Amortization | $102.0K | $90.00K | $79.00K |
| YoY Change | 29.11% | 0.0% | -60.1% |
| % of Gross Profit | |||
| Operating Expenses | $1.821M | $1.600M | $1.547M |
| YoY Change | 17.71% | 8.11% | -31.15% |
| Operating Profit | -$1.923M | -$1.860M | -$1.777M |
| YoY Change | 8.22% | -11.0% | -33.4% |
| Interest Expense | -$440.0K | $200.0K | $140.0K |
| YoY Change | -414.29% | -120.62% | 0.0% |
| % of Operating Profit | |||
| Other Income/Expense, Net | $734.0K | -$10.00K | $139.0K |
| YoY Change | 428.06% | 0.0% | -143.99% |
| Pretax Income | -$2.360M | -$1.670M | -$1.640M |
| YoY Change | 43.9% | -53.09% | -44.97% |
| Income Tax | |||
| % Of Pretax Income | |||
| Net Earnings | -$1.189M | -$1.670M | -$1.638M |
| YoY Change | -27.41% | -53.09% | -45.11% |
| Net Earnings / Revenue | -209.33% | -538.71% | -2444.78% |
| Basic Earnings Per Share | |||
| Diluted Earnings Per Share | -$9.077M | -$12.85M | -$27.33M |
| COMMON SHARES | |||
| Basic Shares Outstanding | 53.50M shares | 42.99M shares | 27.92M shares |
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2016 Q1 | 2015 Q4 | 2015 Q1 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $8.300M | $2.800M | $1.900M |
| YoY Change | 336.84% | 86.67% | -52.5% |
| Cash & Equivalents | $8.267M | $2.671M | $1.855M |
| Short-Term Investments | $100.0K | $100.0K | $100.0K |
| Other Short-Term Assets | $22.00K | $0.00 | |
| YoY Change | -33.33% | -100.0% | |
| Inventory | $1.000M | $600.0K | $231.0K |
| Prepaid Expenses | |||
| Receivables | $291.0K | $0.00 | |
| Other Receivables | $300.0K | ||
| Total Short-Term Assets | $10.20M | $4.287M | $2.449M |
| YoY Change | 316.5% | 108.51% | -46.76% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $700.0K | $749.0K | $935.0K |
| YoY Change | -25.13% | -23.42% | -15.0% |
| Goodwill | |||
| YoY Change | |||
| Intangibles | |||
| YoY Change | |||
| Long-Term Investments | |||
| YoY Change | |||
| Other Assets | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Total Long-Term Assets | $800.0K | $790.0K | $975.0K |
| YoY Change | -17.95% | -22.93% | -11.36% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $10.20M | $4.287M | $2.449M |
| Total Long-Term Assets | $800.0K | $790.0K | $975.0K |
| Total Assets | $11.00M | $5.077M | $3.424M |
| YoY Change | 221.26% | 64.78% | -39.93% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $600.0K | $1.000M | $800.0K |
| YoY Change | -25.0% | 42.86% | 60.0% |
| Accrued Expenses | $434.0K | ||
| YoY Change | -36.08% | ||
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Long-Term Debt Due | |||
| YoY Change | |||
| Total Short-Term Liabilities | $1.489M | $1.690M | $1.666M |
| YoY Change | -10.62% | 4.58% | 36.89% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $0.00 | $2.400M | $2.700M |
| YoY Change | -100.0% | -14.29% | |
| Other Long-Term Liabilities | $1.900M | $2.600M | $3.900M |
| YoY Change | -51.28% | -35.0% | -32.76% |
| Total Long-Term Liabilities | $1.900M | $5.000M | $6.600M |
| YoY Change | -71.21% | -26.47% | 13.79% |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $1.489M | $1.690M | $1.666M |
| Total Long-Term Liabilities | $1.900M | $5.000M | $6.600M |
| Total Liabilities | $3.400M | $6.700M | $8.200M |
| YoY Change | -58.54% | -20.24% | 17.14% |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | -$45.00M | -$43.35M | -$37.70M |
| YoY Change | 19.37% | 20.23% | |
| Common Stock | $6.000K | $5.000K | $3.000K |
| YoY Change | 100.0% | 150.0% | |
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | |||
| YoY Change | |||
| Treasury Stock Shares | |||
| Shareholders Equity | $7.611M | -$1.580M | -$4.750M |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $10.96M | $5.077M | $3.424M |
| YoY Change | 220.18% | 64.78% | -39.93% |
Cashflow Statement
| Concept | 2016 Q1 | 2015 Q4 | 2015 Q1 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | -$1.189M | -$1.670M | -$1.638M |
| YoY Change | -27.41% | -53.09% | -45.11% |
| Depreciation, Depletion And Amortization | $102.0K | $90.00K | $79.00K |
| YoY Change | 29.11% | 0.0% | -60.1% |
| Cash From Operating Activities | -$2.110M | -$2.070M | -$1.530M |
| YoY Change | 37.91% | -14.11% | -34.62% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | $35.00K | -$40.00K | $36.00K |
| YoY Change | -2.78% | -88.24% | -68.97% |
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | $10.00K | -$10.00K | $10.00K |
| YoY Change | 0.0% | -125.0% | |
| Cash From Investing Activities | -$30.00K | -$40.00K | -$30.00K |
| YoY Change | 0.0% | -86.67% | -75.0% |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | |||
| YoY Change | |||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | 7.730M | 2.880M | 1.960M |
| YoY Change | 294.39% | -51.0% | |
| NET CHANGE | |||
| Cash From Operating Activities | -2.110M | -2.070M | -1.530M |
| Cash From Investing Activities | -30.00K | -40.00K | -30.00K |
| Cash From Financing Activities | 7.730M | 2.880M | 1.960M |
| Net Change In Cash | 5.590M | 770.0K | 400.0K |
| YoY Change | 1297.5% | -128.41% | -74.03% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | -$2.110M | -$2.070M | -$1.530M |
| Capital Expenditures | $35.00K | -$40.00K | $36.00K |
| Free Cash Flow | -$2.145M | -$2.030M | -$1.566M |
| YoY Change | 36.97% | -1.93% | -36.24% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2016Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-1644000 | USD |
| CY2016Q1 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.33 | |
| CY2015Q1 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-1.39 | |
| CY2016Q1 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
3652474 | shares |
| CY2015Q1 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
1175603 | shares |
| CY2015Q4 | us-gaap |
Other Accounts Payable And Accrued Liabilities
OtherAccountsPayableAndAccruedLiabilities
|
681000 | USD |
| CY2016Q1 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
1489000 | USD |
| CY2015Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
1690000 | USD |
| CY2016Q1 | us-gaap |
Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
|
1863000 | USD |
| CY2015Q4 | us-gaap |
Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
|
2610000 | USD |
| CY2015Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
5000 | USD |
| CY2016Q1 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
0 | USD |
| CY2016Q1 | us-gaap |
Accounts Payable Trade Current
AccountsPayableTradeCurrent
|
556000 | USD |
| CY2015Q4 | us-gaap |
Accounts Payable Trade Current
AccountsPayableTradeCurrent
|
978000 | USD |
| CY2016Q1 | us-gaap |
Other Accounts Payable And Accrued Liabilities
OtherAccountsPayableAndAccruedLiabilities
|
925000 | USD |
| CY2015Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
0 | USD |
| CY2016Q1 | us-gaap |
Common Stock Value
CommonStockValue
|
6000 | USD |
| CY2016Q1 | drio |
Increase Decrease In Accounts Receivables And Prepaid Expense
IncreaseDecreaseInAccountsReceivablesAndPrepaidExpense
|
-10000 | USD |
| CY2015Q1 | us-gaap |
Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
|
145000 | USD |
| CY2016Q1 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
52603000 | USD |
| CY2015Q4 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
41769000 | USD |
| CY2016Q1 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-44998000 | USD |
| CY2015Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-43354000 | USD |
| CY2016Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
7611000 | USD |
| CY2015Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-1580000 | USD |
| CY2016Q1 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
10963000 | USD |
| CY2015Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
5077000 | USD |
| CY2016Q1 | us-gaap |
Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
|
0 | USD |
| CY2015Q4 | us-gaap |
Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
|
2357000 | USD |
| CY2016Q1 | us-gaap |
Deferred Revenue Current
DeferredRevenueCurrent
|
8000 | USD |
| CY2015Q4 | us-gaap |
Deferred Revenue Current
DeferredRevenueCurrent
|
31000 | USD |
| CY2016Q1 | us-gaap |
Revenues
Revenues
|
568000 | USD |
| CY2015Q1 | us-gaap |
Revenues
Revenues
|
67000 | USD |
| CY2016Q1 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
670000 | USD |
| CY2015Q1 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
297000 | USD |
| CY2016Q1 | us-gaap |
Gross Profit
GrossProfit
|
-102000 | USD |
| CY2016Q1 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
397000 | USD |
| CY2015Q1 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
883000 | USD |
| CY2016Q1 | us-gaap |
Marketing And Advertising Expense
MarketingAndAdvertisingExpense
|
519000 | USD |
| CY2015Q1 | us-gaap |
Marketing And Advertising Expense
MarketingAndAdvertisingExpense
|
252000 | USD |
| CY2016Q1 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
905000 | USD |
| CY2015Q1 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
412000 | USD |
| CY2015Q1 | us-gaap |
Operating Expenses
OperatingExpenses
|
1547000 | USD |
| CY2016Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-1923000 | USD |
| CY2015Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-1777000 | USD |
| CY2016Q1 | us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
-747000 | USD |
| CY2015Q1 | us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
-150000 | USD |
| CY2016Q1 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
734000 | USD |
| CY2015Q1 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
139000 | USD |
| CY2016Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-1189000 | USD |
| CY2015Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-1638000 | USD |
| CY2015Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-1638000 | USD |
| CY2015Q1 | us-gaap |
Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
|
125000 | USD |
| CY2016Q1 | us-gaap |
Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
|
324000 | USD |
| CY2015Q1 | us-gaap |
Depreciation
Depreciation
|
79000 | USD |
| CY2016Q1 | us-gaap |
Depreciation
Depreciation
|
102000 | USD |
| CY2015Q1 | drio |
Increase Decrease In Accounts Receivables And Prepaid Expense
IncreaseDecreaseInAccountsReceivablesAndPrepaidExpense
|
-22000 | USD |
| CY2016Q1 | us-gaap |
Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
|
-422000 | USD |
| CY2015Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
-1525000 | USD |
| CY2016Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
-2105000 | USD |
| CY2016Q1 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
404000 | USD |
| CY2015Q1 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
0 | USD |
| CY2016Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-27000 | USD |
| CY2015Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-29000 | USD |
| CY2016Q1 | drio |
Proceeds From Issuance Of Common Stock And Warrants
ProceedsFromIssuanceOfCommonStockAndWarrants
|
7538000 | USD |
| CY2015Q1 | drio |
Proceeds From Issuance Of Common Stock And Warrants
ProceedsFromIssuanceOfCommonStockAndWarrants
|
1956000 | USD |
| CY2016Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
7728000 | USD |
| CY2015Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
1956000 | USD |
| CY2016Q1 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
5596000 | USD |
| CY2015Q1 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
402000 | USD |
| CY2014Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
1453000 | USD |
| CY2015Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
1855000 | USD |
| CY2016Q1 | us-gaap |
Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
|
0 | USD |
| CY2015Q1 | us-gaap |
Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
|
29000 | USD |
| CY2015Q1 | us-gaap |
Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
|
102000 | USD |
| CY2015Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
36000 | USD |
| CY2015Q1 | drio |
Payment For Executives And Directors Under Salary Program
PaymentForExecutivesAndDirectorsUnderSalaryProgram
|
0 | USD |
| CY2015Q1 | us-gaap |
Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
|
-118000 | USD |
| CY2016Q1 | us-gaap |
Payments To Acquire Leases Held For Investment
PaymentsToAcquireLeasesHeldForInvestment
|
-8000 | USD |
| CY2015Q1 | us-gaap |
Payments To Acquire Leases Held For Investment
PaymentsToAcquireLeasesHeldForInvestment
|
-7000 | USD |
| CY2016Q1 | drio |
Proceeds From Stock Options And Warrants Exercised
ProceedsFromStockOptionsAndWarrantsExercised
|
190000 | USD |
| CY2016Q1 | us-gaap |
Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
|
508000 | USD |
| CY2015Q4 | us-gaap |
Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
|
469000 | USD |
| CY2016Q1 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
497000 | USD |
| CY2015Q4 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
132000 | USD |
| CY2016Q1 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
|
P5Y6M11D | |
| CY2016Q1 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
177000 | USD |
| CY2015Q1 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
768000 | USD |
| CY2015Q1 | drio |
Bank Charges
BankCharges
|
4000 | USD |
| CY2016Q1 | drio |
Bank Charges
BankCharges
|
4000 | USD |
| CY2015Q1 | us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
-7000 | USD |
| CY2016Q1 | us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
-9000 | USD |
| CY2015Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
| CY2016Q1 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
| CY2016Q1 | us-gaap |
Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
|
0 | USD |
| CY2015Q1 | us-gaap |
Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
|
22000 | USD |
| CY2016Q1 | drio |
Increase Decrease In Fair Value Of Warrants
IncreaseDecreaseInFairValueOfWarrants
|
747000 | USD |
| CY2015Q1 | drio |
Increase Decrease In Fair Value Of Warrants
IncreaseDecreaseInFairValueOfWarrants
|
150000 | USD |
| CY2016Q1 | us-gaap |
Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
|
0 | USD |
| CY2015Q1 | us-gaap |
Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
|
-13000 | USD |
| CY2015Q1 | drio |
Proceeds From Stock Options And Warrants Exercised
ProceedsFromStockOptionsAndWarrantsExercised
|
USD | |
| CY2016Q1 | us-gaap |
Basis Of Accounting
BasisOfAccounting
|
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <table style="MARGIN-TOP: 0px; FONT: bold 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"></td> <td style="TEXT-ALIGN: left; WIDTH: 0.75in"> <div>NOTE 3:-</div> </td> <td style="TEXT-ALIGN: justify"> <div>UNAUDITED INTERIM FINANCIAL STATEMENTS</div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: -56.7pt; MARGIN: 0pt 0px 0pt 56.7pt; FONT: bold 10pt Times New Roman, Times, Serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0in; MARGIN: 0pt 0px 0pt 56.7pt; FONT: 10pt Times New Roman, Times, Serif" align="justify">The accompanying unaudited interim consolidated financial statements as of March 31, 2016, have been prepared in accordance with U.S. generally accepted accounting principles and standards of the Public Company Accounting Oversight Board for interim financial information. Accordingly, they do not include all the information and footnotes required by generally accepted accounting principles in the United States for complete financial statements. In the opinion of management, the unaudited interim consolidated financial statements include all adjustments of a normal recurring nature necessary for a fair presentation of the Company's consolidated financial position as of March 31, 2016, and the Company's consolidated results of operations and the Company's consolidated cash flows for the three months ended March 31, 2016. Results for the three months ended March 31, 2016 are not necessarily indicative of the results that may be expected for the year ending December 31, 2016.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> | |
| CY2016Q1 | us-gaap |
Inventory Write Down
InventoryWriteDown
|
94000 | USD |
| CY2015Q1 | us-gaap |
Inventory Write Down
InventoryWriteDown
|
193000 | USD |
| CY2015 | us-gaap |
Stock Issued During Period Value Share Based Compensation Gross
StockIssuedDuringPeriodValueShareBasedCompensationGross
|
304000 | USD |
| CY2016Q1 | us-gaap |
Stock Issued During Period Value Share Based Compensation Gross
StockIssuedDuringPeriodValueShareBasedCompensationGross
|
75000 | USD |
| CY2015 | drio |
Issuance Of Common Stock In September2015 To Employees Compensation
IssuanceOfCommonStockInSeptember2015ToEmployeesCompensation
|
591000 | USD |
| CY2015 | drio |
Issuanceof Common Stock In April August And December2015 To Service Provider
IssuanceofCommonStockInAprilAugustAndDecember2015ToServiceProvider
|
118000 | USD |
| CY2015 | drio |
Stock Issued During Period Value New Issues December2015
StockIssuedDuringPeriodValueNewIssuesDecember2015
|
500000 | USD |
| CY2015 | drio |
Stock Issued During Period Value New Issues November2015
StockIssuedDuringPeriodValueNewIssuesNovember2015
|
2294000 | USD |
| CY2015 | us-gaap |
Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
|
2325000 | USD |
| CY2015 | drio |
Stock Issued During Period Value New Issues February2015
StockIssuedDuringPeriodValueNewIssuesFebruary2015
|
1956000 | USD |
| CY2015Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.0001 | |
| CY2016Q1 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.0001 | |
| CY2015Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.0001 | |
| CY2016Q1 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
160000000 | shares |
| CY2015Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
160000000 | shares |
| CY2016Q1 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
4940000 | shares |
| CY2015Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
4940000 | shares |
| CY2016Q1 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
5575633 | shares |
| CY2016Q1 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
5575633 | shares |
| CY2015Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
2911788 | shares |
| CY2015Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
2911788 | shares |
| CY2016Q1 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
| CY2015Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
| CY2014Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-5295000 | USD |
| CY2015 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-7142000 | USD |
| CY2015 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
998000 | USD |
| CY2016Q1 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
177000 | USD |
| CY2015 | us-gaap |
Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
|
400000 | USD |
| CY2015 | drio |
Stock Issued During Period Value Warrants Exercised
StockIssuedDuringPeriodValueWarrantsExercised
|
60000 | USD |
| CY2015 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
0 | USD |
| CY2015 | drio |
Receipts On Account Of Shares
ReceiptsOnAccountOfShares
|
20000 | USD |
| CY2015 | drio |
Warrants Issued During Period Value In November And December2015
WarrantsIssuedDuringPeriodValueInNovemberAndDecember2015
|
822000 | USD |
| CY2015 | drio |
Deemed Dividend Inducement Of Warrant Exercise In May2015
DeemedDividendInducementOfWarrantExerciseInMay2015
|
0 | USD |
| CY2016Q1 | drio |
Stock Issued During Period Value Stock Warrants Exercised
StockIssuedDuringPeriodValueStockWarrantsExercised
|
190000 | USD |
| CY2015 | drio |
Stock Issued During Period Value Stock Warrants Exercised
StockIssuedDuringPeriodValueStockWarrantsExercised
|
453000 | USD |
| CY2016Q1 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
5038000 | USD |
| CY2015 | drio |
Issuance Of Common Stock In September2015 To Service Provider
IssuanceOfCommonStockInSeptember2015ToServiceProvider
|
16000 | USD |
| CY2016Q1 | drio |
Stock Issued During Period Private Placement Value New Issues March2016
StockIssuedDuringPeriodPrivatePlacementValueNewIssuesMarch2016
|
2500000 | USD |
| CY2016Q1 | drio |
Deemed Dividend Related To Change In Conversion Term Of Series Preferred Stock Value
DeemedDividendRelatedToChangeInConversionTermOfSeriesPreferredStockValue
|
0 | USD |
| CY2016Q1 | drio |
Stock Issued During Period Value Issued To Officer
StockIssuedDuringPeriodValueIssuedToOfficer
|
86000 | USD |
| CY2016Q1 | drio |
Issuance Of Common Stock In January2016 To Service Provider
IssuanceOfCommonStockInJanuary2016ToServiceProvider
|
37000 | USD |
| CY2016Q1 | us-gaap |
Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
|
455000 | USD |
| CY2015Q1 | us-gaap |
Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
|
0 | USD |
| CY2015 | drio |
Issuance Of Common Stock And Warrants In February2015
IssuanceOfCommonStockAndWarrantsInFebruary2015
|
3.24 | |
| CY2015 | drio |
Issuance Of Common Stock In July And August2015
IssuanceOfCommonStockInJulyAndAugust2015
|
5.40 | |
| CY2015 | drio |
Issuance Of Common Stock November2015
IssuanceOfCommonStockNovember2015
|
5.40 | |
| CY2015 | drio |
Issuance Of Common Stock December2015
IssuanceOfCommonStockDecember2015
|
6.16 | |
| CY2016Q1 | us-gaap |
Payments For Proceeds From Loans Receivable
PaymentsForProceedsFromLoansReceivable
|
0 | USD |
| CY2015Q1 | us-gaap |
Payments For Proceeds From Loans Receivable
PaymentsForProceedsFromLoansReceivable
|
13000 | USD |
| CY2016Q1 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
|
965000 | USD |
| CY2016Q1 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
|
P1Y7D |
