2015 Q2 Form 10-Q Financial Statement
#000117891315002648 Filed on August 14, 2015
Income Statement
Concept | 2015 Q2 | 2014 Q2 |
---|---|---|
Revenue | $67.34K | |
YoY Change | ||
Cost Of Revenue | ||
YoY Change | ||
Gross Profit | ||
YoY Change | ||
Gross Profit Margin | ||
Selling, General & Admin | $605.6K | $427.5K |
YoY Change | 41.64% | 15.4% |
% of Gross Profit | ||
Research & Development | $558.0K | $454.8K |
YoY Change | 22.69% | -1.41% |
% of Gross Profit | ||
Depreciation & Amortization | $10.00K | $10.00K |
YoY Change | 0.0% | |
% of Gross Profit | ||
Operating Expenses | $1.164M | $882.3K |
YoY Change | 31.87% | 6.08% |
Operating Profit | -$1.096M | -$882.3K |
YoY Change | 24.24% | 6.08% |
Interest Expense | -$570.0K | $6.140M |
YoY Change | -109.28% | 2261.54% |
% of Operating Profit | ||
Other Income/Expense, Net | ||
YoY Change | ||
Pretax Income | -$1.670M | $5.260M |
YoY Change | -131.75% | -1006.9% |
Income Tax | $0.00 | |
% Of Pretax Income | 0.0% | |
Net Earnings | -$1.667M | $5.262M |
YoY Change | -131.68% | -1012.58% |
Net Earnings / Revenue | -2475.14% | |
Basic Earnings Per Share | -$0.33 | $0.79 |
Diluted Earnings Per Share | -$0.33 | $0.78 |
COMMON SHARES | ||
Basic Shares Outstanding | 5.441M shares | 5.304M shares |
Diluted Shares Outstanding | 5.441M shares | 5.336M shares |
Balance Sheet
Concept | 2015 Q2 | 2014 Q2 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $3.520M | $590.0K |
YoY Change | 496.61% | -86.34% |
Cash & Equivalents | $3.520M | $589.7K |
Short-Term Investments | ||
Other Short-Term Assets | $140.0K | $118.7K |
YoY Change | 17.98% | 51.3% |
Inventory | $140.0K | |
Prepaid Expenses | ||
Receivables | $30.00K | |
Other Receivables | $0.00 | |
Total Short-Term Assets | $3.820M | $708.4K |
YoY Change | 439.25% | -83.9% |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $130.0K | $139.8K |
YoY Change | -6.98% | 52.05% |
Goodwill | ||
YoY Change | ||
Intangibles | ||
YoY Change | ||
Long-Term Investments | ||
YoY Change | ||
Other Assets | $210.0K | $170.0K |
YoY Change | 23.53% | 0.0% |
Total Long-Term Assets | $330.0K | $311.4K |
YoY Change | 5.97% | 20.69% |
TOTAL ASSETS | ||
Total Short-Term Assets | $3.820M | $708.4K |
Total Long-Term Assets | $330.0K | $311.4K |
Total Assets | $4.150M | $1.020M |
YoY Change | 306.94% | -78.1% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $260.0K | $169.1K |
YoY Change | 53.71% | -3.3% |
Accrued Expenses | ||
YoY Change | ||
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | $0.00 | $0.00 |
YoY Change | ||
Long-Term Debt Due | ||
YoY Change | ||
Total Short-Term Liabilities | $790.0K | $517.1K |
YoY Change | 52.77% | -5.76% |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $0.00 | $0.00 |
YoY Change | ||
Other Long-Term Liabilities | $780.0K | $2.860M |
YoY Change | -72.73% | 2.14% |
Total Long-Term Liabilities | $780.0K | $2.860M |
YoY Change | -72.72% | 2.29% |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $790.0K | $517.1K |
Total Long-Term Liabilities | $780.0K | $2.860M |
Total Liabilities | $1.570M | $3.377M |
YoY Change | -53.51% | 0.97% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | -$26.52M | -$21.31M |
YoY Change | 24.43% | 21.16% |
Common Stock | $21.85M | $14.56M |
YoY Change | 50.05% | 0.5% |
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | ||
YoY Change | ||
Treasury Stock Shares | ||
Shareholders Equity | -$4.541M | -$6.714M |
YoY Change | ||
Total Liabilities & Shareholders Equity | $4.151M | $1.020M |
YoY Change | 307.01% | -78.1% |
Cashflow Statement
Concept | 2015 Q2 | 2014 Q2 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | -$1.667M | $5.262M |
YoY Change | -131.68% | -1012.58% |
Depreciation, Depletion And Amortization | $10.00K | $10.00K |
YoY Change | 0.0% | |
Cash From Operating Activities | -$1.240M | -$870.0K |
YoY Change | 42.53% | 0.0% |
INVESTING ACTIVITIES | ||
Capital Expenditures | $10.00K | $40.00K |
YoY Change | -75.0% | 33.33% |
Acquisitions | ||
YoY Change | ||
Other Investing Activities | -$20.00K | $0.00 |
YoY Change | -100.0% | |
Cash From Investing Activities | -$30.00K | -$40.00K |
YoY Change | -25.0% | -50.0% |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | ||
YoY Change | ||
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | -30.00K | -120.0K |
YoY Change | -75.0% | 71.43% |
NET CHANGE | ||
Cash From Operating Activities | -1.240M | -870.0K |
Cash From Investing Activities | -30.00K | -40.00K |
Cash From Financing Activities | -30.00K | -120.0K |
Net Change In Cash | -1.300M | -1.030M |
YoY Change | 26.21% | 0.98% |
FREE CASH FLOW | ||
Cash From Operating Activities | -$1.240M | -$870.0K |
Capital Expenditures | $10.00K | $40.00K |
Free Cash Flow | -$1.250M | -$910.0K |
YoY Change | 37.36% | 1.11% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
1036305 | USD | |
us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
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us-gaap |
Selling General And Administrative Expense
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|
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us-gaap |
Selling General And Administrative Expense
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|
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us-gaap |
Costs And Expenses
CostsAndExpenses
|
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us-gaap |
Costs And Expenses
CostsAndExpenses
|
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us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
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us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
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igap |
Financing Income Expenses Net
FinancingIncomeExpensesNet
|
1224437 | USD | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-3201337 | USD | |
us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
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us-gaap |
Share Based Compensation
ShareBasedCompensation
|
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us-gaap |
Fair Value Adjustment Of Warrants
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|
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us-gaap |
Payments Of Dividends Preferred Stock And Preference Stock
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|
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Payments Of Dividends Preferred Stock And Preference Stock
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Proceeds From Repayments Of Related Party Debt
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|
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us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
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|
-486975 | USD | |
us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
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|
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Effect Of Exchange Rate On Cash And Cash Equivalents
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|
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Effect Of Exchange Rate On Cash And Cash Equivalents
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|
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Cash And Cash Equivalents Period Increase Decrease
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Cash And Cash Equivalents Period Increase Decrease
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Cash And Cash Equivalents At Carrying Value
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|
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Cash And Cash Equivalents At Carrying Value
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Proceeds From Repayments Of Related Party Debt
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Inventory Work In Process
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|
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Temporary Equity Carrying Amount Attributable To Parent
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|
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Common Stock Value
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|
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Additional Paid In Capital Common Stock
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|
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Additional Paid In Capital Common Stock
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|
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Accumulated Other Comprehensive Income Loss Net Of Tax
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|
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Accumulated Other Comprehensive Income Loss Net Of Tax
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|
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Retained Earnings Accumulated Deficit
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|
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Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
|
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Retained Earnings Accumulated Deficit
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|
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Stockholders Equity
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|
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Stockholders Equity
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|
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Liabilities And Stockholders Equity
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|
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Commitments And Contingencies
CommitmentsAndContingencies
|
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Commitments And Contingencies
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|
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Common Stock Par Or Stated Value Per Share
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|
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Common Stock Shares Outstanding
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|
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Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
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igap |
Financing Income Expenses Net
FinancingIncomeExpensesNet
|
-6294521 | USD | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
4525009 | USD | |
us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-16033 | USD | |
us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
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us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.64 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.66 | ||
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
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us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
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us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.65 | ||
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Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.78 | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
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Increase Decrease In Accounts Payable Trade
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|
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us-gaap |
Increase Decrease In Accounts Payable Trade
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|
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us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
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igap |
Adjustments To Additional Paid In Capital Investor Warrant Issued
AdjustmentsToAdditionalPaidInCapitalInvestorWarrantIssued
|
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us-gaap |
Dividends Preferred Stock Stock
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|
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Dividends Preferred Stock Cash
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|
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Stock Issued During Period Value Share Based Compensation
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|
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us-gaap |
Depreciation
Depreciation
|
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us-gaap |
Depreciation
Depreciation
|
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us-gaap |
Share Based Compensation
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|
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us-gaap |
Fair Value Adjustment Of Warrants
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|
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igap |
Linkage Difference On Principal Of Loans From Stockholders
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|
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igap |
Gain Loss On Unit Conversion
GainLossOnUnitConversion
|
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igap |
Gain Loss On Unit Conversion
GainLossOnUnitConversion
|
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us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
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us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
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Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
51036 | USD | |
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
USD | ||
us-gaap |
Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
|
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us-gaap |
Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
|
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us-gaap |
Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
|
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us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
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|
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us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
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|
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us-gaap |
Payments To Acquire Property Plant And Equipment
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|
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us-gaap |
Payments To Acquire Property Plant And Equipment
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|
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us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
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|
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us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
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|
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Inventory Work In Process
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|
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Inventory Finished Goods
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|
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CY2014Q4 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
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igap |
Linkage Difference On Principal Of Loans From Stockholders
LinkageDifferenceOnPrincipalOfLoansFromStockholders
|
-1872 | USD | |
us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
-38269 | USD | |
us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
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us-gaap |
Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
|
91309 | USD | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.64 | ||
us-gaap |
Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
|
6293705 | USD | |
us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
8378 | USD | |
us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
4223 | USD | |
CY2015Q3 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
5512867 | shares |
CY2015Q2 | us-gaap |
Inventory Raw Materials
InventoryRawMaterials
|
81984 | USD |
CY2014Q4 | us-gaap |
Inventory Raw Materials
InventoryRawMaterials
|
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dei |
Amendment Flag
AmendmentFlag
|
false | ||
dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | ||
dei |
Document Period End Date
DocumentPeriodEndDate
|
2015-06-30 | ||
dei |
Entity Filer Category
EntityFilerCategory
|
Smaller Reporting Company | ||
dei |
Entity Registrant Name
EntityRegistrantName
|
Integrity Applications, Inc. | ||
dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001506983 | ||
dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2015 | ||
dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q2 | ||
dei |
Document Type
DocumentType
|
10-Q | ||
CY2013Q1 | igap |
Number Of Units Sold
NumberOfUnitsSold
|
6300 | shares |
igap |
Number Of Units Sold
NumberOfUnitsSold
|
8500 | shares | |
CY2015Q2 | us-gaap |
Revenues
Revenues
|
67342 | USD |
CY2014Q2 | us-gaap |
Revenues
Revenues
|
USD | |
CY2015Q2 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
557980 | USD |
CY2014Q2 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
454789 | USD |
CY2015Q2 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
605565 | USD |
CY2014Q2 | us-gaap |
Selling General And Administrative Expense
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|
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CY2015Q2 | us-gaap |
Costs And Expenses
CostsAndExpenses
|
1163545 | USD |
CY2014Q2 | us-gaap |
Costs And Expenses
CostsAndExpenses
|
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CY2015Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
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Operating Income Loss
OperatingIncomeLoss
|
-882326 | USD |
CY2015Q2 | igap |
Financing Income Expenses Net
FinancingIncomeExpensesNet
|
570603 | USD |
CY2014Q2 | igap |
Financing Income Expenses Net
FinancingIncomeExpensesNet
|
-6144254 | USD |
CY2015Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-1666806 | USD |
CY2014Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
5261928 | USD |
CY2015Q2 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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|
97383 | USD |
CY2014Q2 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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|
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CY2015Q2 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
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Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
5245023 | USD |
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Earnings Per Share Basic
EarningsPerShareBasic
|
-0.33 | |
CY2014Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.79 | |
CY2015Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.33 | |
CY2015Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
5441253 | shares |
CY2014Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
5304072 | shares |
CY2014Q2 | us-gaap |
Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
|
-1003097 | USD |
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-3434168 | USD | |
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
3497271 | USD | |
CY2015Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
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CY2014Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
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us-gaap |
Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
|
USD | ||
us-gaap |
Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
|
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Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
|
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us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
5361570 | shares | |
CY2015Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
5441253 | shares |
CY2014Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
5336019 | shares |
us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
9367247 | shares | |
us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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|
3324535 | shares | |
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Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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|
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Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
3369743 | shares |
us-gaap |
Dividends Stock
DividendsStock
|
USD | ||
igap |
Stock Issued During Period Value Conversion Of Convertible Preferred Stock
StockIssuedDuringPeriodValueConversionOfConvertiblePreferredStock
|
58817 | USD | |
igap |
Increase Decrease In Funds In Respect Of Employee Rights Upon Retirement
IncreaseDecreaseInFundsInRespectOfEmployeeRightsUponRetirement
|
-24279 | USD | |
igap |
Increase Decrease In Funds In Respect Of Employee Rights Upon Retirement
IncreaseDecreaseInFundsInRespectOfEmployeeRightsUponRetirement
|
USD | ||
CY2015Q2 | igap |
Linkage Difference On Principal Of Loans From Stockholders
LinkageDifferenceOnPrincipalOfLoansFromStockholders
|
1808 | USD |
CY2014Q2 | igap |
Linkage Difference On Principal Of Loans From Stockholders
LinkageDifferenceOnPrincipalOfLoansFromStockholders
|
3402 | USD |
CY2015Q2 | us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
-90872 | USD |
CY2014Q2 | us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
1757 | USD |
CY2015Q2 | us-gaap |
Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
|
25539 | USD |
CY2014Q2 | us-gaap |
Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
|
6147835 | USD |
CY2015Q2 | us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
5788 | USD |
CY2014Q2 | us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
1936 | USD |
CY2015Q2 | igap |
Gain Loss On Unit Conversion
GainLossOnUnitConversion
|
-497674 | USD |
CY2014Q2 | igap |
Gain Loss On Unit Conversion
GainLossOnUnitConversion
|
USD |