2017 Q2 Form 10-Q Financial Statement

#000114420417040909 Filed on August 07, 2017

View on sec.gov

Income Statement

Concept 2017 Q2 2016 Q4 2016 Q2
Revenue $1.867M $2.587M $1.552M
YoY Change 20.3% 33.14% -26.58%
Cost Of Revenue $1.471M $1.740M $1.349M
YoY Change 9.04% -18.69% -16.32%
Gross Profit $396.0K $843.0K $203.0K
YoY Change 95.07% -534.54% -59.56%
Gross Profit Margin 21.21% 32.59% 13.08%
Selling, General & Admin $5.745M $5.430M $5.378M
YoY Change 6.82% 22.85% 22.37%
% of Gross Profit 1450.76% 644.13% 2649.26%
Research & Development $2.632M $2.290M $2.221M
YoY Change 18.51% 12.25% 27.5%
% of Gross Profit 664.65% 271.65% 1094.09%
Depreciation & Amortization $400.0K $480.0K $470.0K
YoY Change -14.89% 71.43% 113.64%
% of Gross Profit 101.01% 56.94% 231.53%
Operating Expenses $8.855M $7.530M $7.599M
YoY Change 16.53% 16.56% 23.82%
Operating Profit -$8.459M -$6.687M -$7.396M
YoY Change 14.37% 0.5% 31.25%
Interest Expense $198.0K $20.00K -$34.00K
YoY Change -682.35% -1233.33%
% of Operating Profit
Other Income/Expense, Net $2.952M $1.090M $1.631M
YoY Change 80.99% -45.77% -16410.0%
Pretax Income -$5.510M -$5.580M -$5.770M
YoY Change -4.51% 20.0% 2.12%
Income Tax
% Of Pretax Income
Net Earnings -$5.507M -$5.576M -$5.765M
YoY Change -4.48% 20.04% 2.13%
Net Earnings / Revenue -294.97% -215.54% -371.46%
Basic Earnings Per Share -$0.29 -$0.61
Diluted Earnings Per Share -$3.241M -$0.35 -$0.61
COMMON SHARES
Basic Shares Outstanding 25.63M shares 21.88M shares 16.18M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2017 Q2 2016 Q4 2016 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $10.70M $16.85M $4.660M
YoY Change 129.61% -13.81% -71.32%
Cash & Equivalents $10.70M $16.85M $4.661M
Short-Term Investments
Other Short-Term Assets $600.0K $500.0K $690.0K
YoY Change -13.04% -80.24% -70.64%
Inventory $1.896M $1.556M $2.410M
Prepaid Expenses
Receivables $2.107M $1.780M $1.570M
Other Receivables $0.00 $0.00 $40.00K
Total Short-Term Assets $15.30M $20.68M $9.370M
YoY Change 63.3% -17.92% -57.76%
LONG-TERM ASSETS
Property, Plant & Equipment $2.562M $2.435M $2.580M
YoY Change -0.7% -7.24% 19.78%
Goodwill $189.0K $189.0K
YoY Change 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $118.0K $91.00K $90.00K
YoY Change 31.11% -6.19% 63.64%
Total Long-Term Assets $3.631M $3.741M $4.210M
YoY Change -13.75% -46.53% -10.88%
TOTAL ASSETS
Total Short-Term Assets $15.30M $20.68M $9.370M
Total Long-Term Assets $3.631M $3.741M $4.210M
Total Assets $18.93M $24.43M $13.58M
YoY Change 39.41% -24.14% -49.53%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.068M $2.374M $2.070M
YoY Change -0.1% -11.88% -10.23%
Accrued Expenses $2.458M $3.130M $2.130M
YoY Change 15.4% 66.05% 7.79%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $972.0K $50.00K $80.00K
YoY Change 1115.0% -37.5% 100.0%
Total Short-Term Liabilities $6.587M $6.314M $5.790M
YoY Change 13.77% -26.74% -30.72%
LONG-TERM LIABILITIES
Long-Term Debt $5.906M $6.790M $0.00
YoY Change -100.0%
Other Long-Term Liabilities $73.00K $107.0K $6.220M
YoY Change -98.83% -45.13% 36.4%
Total Long-Term Liabilities $5.979M $107.0K $6.220M
YoY Change -3.87% -45.13% 34.92%
TOTAL LIABILITIES
Total Short-Term Liabilities $6.587M $6.314M $5.790M
Total Long-Term Liabilities $5.979M $107.0K $6.220M
Total Liabilities $17.30M $17.89M $12.01M
YoY Change 44.08% -23.5% -7.41%
SHAREHOLDERS EQUITY
Retained Earnings -$128.8M -$114.9M
YoY Change 25.68%
Common Stock $26.00K $22.00K $16.00K
YoY Change 62.5% 46.67% -84.31%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.628M $6.531M $1.560M
YoY Change
Total Liabilities & Shareholders Equity $18.93M $24.43M $13.58M
YoY Change 39.41% -24.14% -49.53%

Cashflow Statement

Concept 2017 Q2 2016 Q4 2016 Q2
OPERATING ACTIVITIES
Net Income -$5.507M -$5.576M -$5.765M
YoY Change -4.48% 20.04% 2.13%
Depreciation, Depletion And Amortization $400.0K $480.0K $470.0K
YoY Change -14.89% 71.43% 113.64%
Cash From Operating Activities -$9.610M -$4.440M -$7.330M
YoY Change 31.11% -14.45% 58.32%
INVESTING ACTIVITIES
Capital Expenditures -$110.0K -$370.0K -$310.0K
YoY Change -64.52% -30.19% 10.71%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$110.0K -$370.0K -$310.0K
YoY Change -64.52% -30.19% 10.71%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 10.92M 8.770M -10.00K
YoY Change -109300.0% -37.49% -133.33%
NET CHANGE
Cash From Operating Activities -9.610M -4.440M -7.330M
Cash From Investing Activities -110.0K -370.0K -310.0K
Cash From Financing Activities 10.92M 8.770M -10.00K
Net Change In Cash 1.200M 3.960M -7.650M
YoY Change -115.69% -52.35% 56.76%
FREE CASH FLOW
Cash From Operating Activities -$9.610M -$4.440M -$7.330M
Capital Expenditures -$110.0K -$370.0K -$310.0K
Free Cash Flow -$9.500M -$4.070M -$7.020M
YoY Change 35.33% -12.66% 61.38%

Facts In Submission

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AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
6935000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
7629000 shares
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;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"><b><font style="FONT-SIZE: 10pt">Use of Estimates</font></b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">&#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">The preparation of the condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the balance sheet, and the reported amounts of revenues and expenses during the reporting period. For the Company, these estimates include, but are not limited to: revenue recognition, deferred revenue and the deferral of the associated costs, future warranty costs, maintenance and planned improvement costs associated with medical device units sold prior to 2016, useful lives assigned to long-lived assets, realizability of deferred tax assets, the valuation of options and warrants, and contingencies. 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>
CY2017Q2 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2016Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2017Q2 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2016Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2017Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2016Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2017Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2016Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2016Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2017Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2017Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
25789000 shares
CY2016Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
21894000 shares
CY2017Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
25789000 shares
CY2016Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
21894000 shares
CY2016Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-1.06
CY2017Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2017Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2016Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
71429000 shares
CY2017Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
71429000 shares
CY2016Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2017Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
25515000 shares
CY2016Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
16247000 shares
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.58
us-gaap Operating Income Loss
OperatingIncomeLoss
-14038000 USD
CY2017Q2 ekso Gain Loss On Warrant Liability
GainLossOnWarrantLiability
3106000 USD
CY2017Q2 us-gaap Inventory Gross
InventoryGross
1998000 USD
CY2016Q4 us-gaap Inventory Gross
InventoryGross
1658000 USD
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
23717000 shares
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
15817000 shares
us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
3275000 USD
us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
9508000 USD
us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
28000 USD
us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
530000 USD
us-gaap Sales Revenue Net
SalesRevenueNet
3303000 USD
us-gaap Sales Revenue Net
SalesRevenueNet
10038000 USD
us-gaap Cost Of Goods Sold
CostOfGoodsSold
2548000 USD
us-gaap Cost Of Goods Sold
CostOfGoodsSold
7955000 USD
us-gaap Cost Of Services
CostOfServices
7000 USD
us-gaap Cost Of Services
CostOfServices
382000 USD
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
2555000 USD
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
8337000 USD
us-gaap Gross Profit
GrossProfit
748000 USD
us-gaap Gross Profit
GrossProfit
1701000 USD
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
6337000 USD
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
5416000 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
5505000 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
4370000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
5016000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
5953000 USD
us-gaap Operating Expenses
OperatingExpenses
17348000 USD
us-gaap Operating Expenses
OperatingExpenses
15739000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
-16600000 USD
CY2016Q2 ekso Gain Loss On Warrant Liability
GainLossOnWarrantLiability
1665000 USD
ekso Gain Loss On Warrant Liability
GainLossOnWarrantLiability
3037000 USD
ekso Gain Loss On Warrant Liability
GainLossOnWarrantLiability
4650000 USD
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-246000 USD
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-28000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
2791000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
4622000 USD
us-gaap Preferred Stock Amount Of Preferred Dividends In Arrears
PreferredStockAmountOfPreferredDividendsInArrears
0 USD
us-gaap Preferred Stock Amount Of Preferred Dividends In Arrears
PreferredStockAmountOfPreferredDividendsInArrears
7329000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-13809000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-16745000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-234000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
11000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-14043000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-16734000 USD
CY2017Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
1610000 USD
CY2017Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
848000 USD
CY2017Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
762000 USD
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-3037000 USD
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-4650000 USD
CY2017Q2 us-gaap Debt Instrument Interest Rate During Period
DebtInstrumentInterestRateDuringPeriod
0.0898 pure
us-gaap Debt Instrument Interest Rate During Period
DebtInstrumentInterestRateDuringPeriod
0.0888 pure
us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
209000 USD
us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
198000 USD
CY2016Q4 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
3597000 shares
ekso Class Of Warrant Or Right Issued
ClassOfWarrantOrRightIssued
1866000 shares
ekso Class Of Warrant Or Right Exercised
ClassOfWarrantOrRightExercised
0 shares
ekso Class Of Warrant Or Right Expired
ClassOfWarrantOrRightExpired
371000 shares
CY2017Q2 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
5092000 shares
CY2017Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0 pure
CY2016Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0 pure
CY2017Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0188 pure
CY2017Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y
CY2017Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.77 pure
CY2016Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.78 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.77 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.78 pure
CY2016Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
0.0128 pure
CY2016Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
0.0143 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
0.0188 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
0.0229 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
0.0124 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
0.0178 pure
CY2016Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
527000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1105000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2101000 USD
CY2017Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
709000 USD
CY2017Q2 us-gaap Derivative Liabilities
DerivativeLiabilities
3810000 USD
CY2016Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
3546000 USD
CY2017Q2 us-gaap Notes Payable Current
NotesPayableCurrent
972000 USD
CY2016Q4 us-gaap Notes Payable Current
NotesPayableCurrent
0 USD
CY2017Q2 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
46000 USD
CY2016Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
54000 USD
CY2017Q2 us-gaap Restructuring Costs
RestructuringCosts
665000 USD
CY2016Q2 us-gaap Restructuring Costs
RestructuringCosts
0 USD
us-gaap Restructuring Costs
RestructuringCosts
665000 USD
us-gaap Restructuring Costs
RestructuringCosts
0 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
55000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
0 USD
us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
273000 USD
us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
-11000 USD
us-gaap Increase Decrease In Notes Receivables
IncreaseDecreaseInNotesReceivables
0 USD
us-gaap Increase Decrease In Notes Receivables
IncreaseDecreaseInNotesReceivables
90000 USD
us-gaap Increase Decrease In Restructuring Reserve
IncreaseDecreaseInRestructuringReserve
95000 USD
us-gaap Increase Decrease In Restructuring Reserve
IncreaseDecreaseInRestructuringReserve
0 USD
CY2017Q2 ekso Accrued Clinical Cost Current
AccruedClinicalCostCurrent
55000 USD
CY2016Q4 ekso Accrued Clinical Cost Current
AccruedClinicalCostCurrent
0 USD
CY2016Q4 ekso Accrueds Restructuring Current
AccruedsRestructuringCurrent
0 USD
us-gaap Restructuring Charges
RestructuringCharges
665000 USD
us-gaap Payments For Restructuring
PaymentsForRestructuring
384000 USD
us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
-186000 USD
CY2017Q2 us-gaap Restructuring Charges
RestructuringCharges
700000 USD
CY2017Q2 us-gaap Severance Costs1
SeveranceCosts1
400000 USD
CY2017Q2 us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
200000 USD
CY2017Q2 ekso Accrued Restructuring Current
AccruedRestructuringCurrent
95000 USD
CY2016Q4 ekso Accrued Restructuring Current
AccruedRestructuringCurrent
0 USD
CY2017Q2 us-gaap Restructuring And Related Cost Number Of Positions Eliminated
RestructuringAndRelatedCostNumberOfPositionsEliminated
27 pure
CY2017Q2 us-gaap Other Restructuring Costs
OtherRestructuringCosts
100000 USD
CY2017Q2 ekso Accrueds Restructuring Current
AccruedsRestructuringCurrent
95000 USD
us-gaap Stockholders Equity Reverse Stock Split
StockholdersEquityReverseStockSplit
1-for-7 reverse
ekso Amortization Of Deferred Rent
AmortizationOfDeferredRent
15000 USD
ekso Amortization Of Deferred Rent
AmortizationOfDeferredRent
18000 USD
us-gaap Accretion Expense
AccretionExpense
0 USD
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
41000 USD
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
0 USD
us-gaap Restructuring And Related Cost Incurred Cost
RestructuringAndRelatedCostIncurredCost
665000 USD
ekso Gain Loss On Change In Fair Value Contingent Liabilities
GainLossOnChangeInFairValueContingentLiabilities
58000 USD
ekso Proceeds From Issuance Of Common Stock Preference Stock And Warrants
ProceedsFromIssuanceOfCommonStockPreferenceStockAndWarrants
10919000 USD
ekso Proceeds From Issuance Of Common Stock Preference Stock And Warrants
ProceedsFromIssuanceOfCommonStockPreferenceStockAndWarrants
0 USD
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <font style="FONT-SIZE: 10pt"></font> <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"><b><font style="FONT-SIZE: 10pt"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> Concentration of Credit Risk and Other Risks and Uncertainties</font></font></b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">&#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">Financial instruments that potentially subject us to concentrations of credit risk consist principally of cash and accounts receivable. We maintain our cash accounts in excess of federally insured limits. However, we believe we are not exposed to significant credit risk due to the financial position of the depository institutions in which these deposits are held. &#160;We extend credit to customers in the normal course of business and perform ongoing credit evaluations of our customers. Concentrations of credit risk with respect to accounts receivable exist to the full extent of amounts presented in the consolidated financial statements. We do not require collateral from our customers to secure accounts receivable.</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">&#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">Accounts receivable are derived from the sale of products shipped to and services performed for customers. Invoices are aged based on contractual terms with the customer. The Company reviews accounts receivable for collectability and records an allowance for credit losses, as needed. The Company has not experienced any material losses related to accounts receivable as of June 30, 2017 and December 31, 2016.</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">&#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">Many of the sales contracts with customers outside of the U.S. are settled in a foreign currency. The Company does not enter into any foreign currency hedging agreements and is susceptible to gains and losses from foreign currency fluctuations. To date, we have not experienced significant gains or losses upon settling foreign currency denominated accounts receivable.</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">&#160;</font></div> <font style="FONT-SIZE: 10pt"></font> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">As of June 30, 2017, we had one customer with an accounts receivable balance totaling <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 10</font>% or more of our total accounts receivable (<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">13</font>%) compared with three customers as of December 31, 2016 (<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">18</font>%, <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 16</font>% and <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 11</font>%).</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">&#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">In the three months ended June 30, 2017, we had two customers with&#160;revenue of <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 10</font>% or more of total revenue (<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">12</font>% and <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 10</font>%), compared with two customers in the three months ended June 30, 2016 (<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">11</font>% and <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 12</font>%). In the six months ended June 30, 2017, we had one customer with sales comprising <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 10</font>% or more of our total customer sales (<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">14</font>%).We had no customers with sales 10% or more of total billed revenue in the six months ended June 30, 2016.</font></div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
CY2017Q2 ekso Change In Fair Value Contingent Liabilities
ChangeInFairValueContingentLiabilities
187000 USD
CY2016Q2 ekso Change In Fair Value Contingent Liabilities
ChangeInFairValueContingentLiabilities
0 USD
ekso Change In Fair Value Contingent Liabilities
ChangeInFairValueContingentLiabilities
175000 USD
ekso Change In Fair Value Contingent Liabilities
ChangeInFairValueContingentLiabilities
0 USD
ekso Gain Loss On Change In Fair Value Contingent Liabilities
GainLossOnChangeInFairValueContingentLiabilities
0 USD

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