2015 Q4 Form 10-Q Financial Statement
#000117891315003458 Filed on November 16, 2015
Income Statement
Concept | 2015 Q4 | 2015 Q3 | 2014 Q4 |
---|---|---|---|
Revenue | $0.00 | $30.00K | |
YoY Change | -100.0% | ||
Cost Of Revenue | |||
YoY Change | |||
Gross Profit | |||
YoY Change | |||
Gross Profit Margin | |||
Selling, General & Admin | $880.0K | $563.3K | $520.0K |
YoY Change | 69.23% | 29.11% | 108.0% |
% of Gross Profit | |||
Research & Development | $670.0K | $560.2K | $520.0K |
YoY Change | 28.85% | 32.84% | -1.89% |
% of Gross Profit | |||
Depreciation & Amortization | $10.00K | $10.00K | $0.00 |
YoY Change | 0.0% | -100.0% | |
% of Gross Profit | |||
Operating Expenses | $1.550M | $1.123M | $1.040M |
YoY Change | 49.04% | 30.94% | 33.33% |
Operating Profit | -$1.123M | ||
YoY Change | 35.25% | ||
Interest Expense | $10.00K | $30.00K | $30.00K |
YoY Change | -66.67% | -50.0% | -100.47% |
% of Operating Profit | |||
Other Income/Expense, Net | $210.0K | ||
YoY Change | |||
Pretax Income | -$1.540M | -$1.100M | -$780.0K |
YoY Change | 97.44% | 42.86% | -89.14% |
Income Tax | |||
% Of Pretax Income | |||
Net Earnings | -$1.670M | -$1.096M | $5.110M |
YoY Change | -132.68% | 42.41% | -167.68% |
Net Earnings / Revenue | 17033.33% | ||
Basic Earnings Per Share | |||
Diluted Earnings Per Share | -$3.88 | -$2.83 | $12.46 |
COMMON SHARES | |||
Basic Shares Outstanding | 5.549M shares | 5.513M shares | 5.307M shares |
Diluted Shares Outstanding |
Balance Sheet
Concept | 2015 Q4 | 2015 Q3 | 2014 Q4 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $610.0K | $2.100M | $5.830M |
YoY Change | -89.54% | -52.16% | 143.93% |
Cash & Equivalents | $610.0K | $2.105M | $5.828M |
Short-Term Investments | |||
Other Short-Term Assets | $270.0K | $247.1K | $113.8K |
YoY Change | 137.17% | 139.77% | 22.34% |
Inventory | $820.0K | $260.3K | $83.65K |
Prepaid Expenses | $46.09K | ||
Receivables | $20.00K | $21.20K | $23.25K |
Other Receivables | $0.00 | $0.00 | $0.00 |
Total Short-Term Assets | $1.710M | $2.633M | $6.048M |
YoY Change | -71.73% | -43.24% | 143.99% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $220.0K | $185.8K | $122.5K |
YoY Change | 79.61% | 48.17% | 14.25% |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $200.0K | $200.0K | $180.0K |
YoY Change | 11.11% | 5.26% | 5.88% |
Total Long-Term Assets | $420.0K | $385.5K | $300.0K |
YoY Change | 40.02% | 23.47% | 8.19% |
TOTAL ASSETS | |||
Total Short-Term Assets | $1.710M | $2.633M | $6.048M |
Total Long-Term Assets | $420.0K | $385.5K | $300.0K |
Total Assets | $2.130M | $3.019M | $6.348M |
YoY Change | -66.45% | -39.03% | 130.33% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $1.080M | $465.1K | $104.7K |
YoY Change | 931.41% | 139.33% | 110.32% |
Accrued Expenses | $235.9K | ||
YoY Change | 434.95% | ||
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | $0.00 | $450.0K | |
YoY Change | -100.0% | ||
Total Short-Term Liabilities | $1.510M | $834.5K | $1.000M |
YoY Change | 51.0% | 44.73% | 221.64% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Other Long-Term Liabilities | $660.0K | $720.0K | $2.430M |
YoY Change | -72.84% | -73.43% | -73.44% |
Total Long-Term Liabilities | $660.0K | $721.1K | $2.432M |
YoY Change | -72.86% | -73.34% | -73.41% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $1.510M | $834.5K | $1.000M |
Total Long-Term Liabilities | $660.0K | $721.1K | $2.432M |
Total Liabilities | $2.170M | $1.556M | $3.432M |
YoY Change | -36.77% | -52.6% | -63.71% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$27.71M | -$23.09M | |
YoY Change | 24.91% | -10.0% | |
Common Stock | $21.98M | $18.19M | |
YoY Change | 27.76% | 25.11% | |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | -$30.00K | -$5.652M | -$4.832M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $2.130M | $3.019M | $6.348M |
YoY Change | -66.45% | -39.03% | 130.33% |
Cashflow Statement
Concept | 2015 Q4 | 2015 Q3 | 2014 Q4 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$1.670M | -$1.096M | $5.110M |
YoY Change | -132.68% | 42.41% | -167.68% |
Depreciation, Depletion And Amortization | $10.00K | $10.00K | $0.00 |
YoY Change | 0.0% | -100.0% | |
Cash From Operating Activities | -$1.460M | -$1.270M | -$940.0K |
YoY Change | 55.32% | 47.67% | 0.0% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $50.00K | $70.00K | $10.00K |
YoY Change | 400.0% | 0.0% | |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | -$40.00K | $0.00 | $0.00 |
YoY Change | -100.0% | ||
Cash From Investing Activities | -$80.00K | -$80.00K | -$10.00K |
YoY Change | 700.0% | 166.67% | 0.0% |
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 | 0.000 | 2.430M |
YoY Change | -98.77% | -100.0% | -1450.0% |
NET CHANGE | |||
Cash From Operating Activities | -1.460M | -1.270M | -940.0K |
Cash From Investing Activities | -80.00K | -80.00K | -10.00K |
Cash From Financing Activities | 30.00K | 0.000 | 2.430M |
Net Change In Cash | -1.510M | -1.350M | 1.480M |
YoY Change | -202.03% | -135.16% | -230.97% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$1.460M | -$1.270M | -$940.0K |
Capital Expenditures | $50.00K | $70.00K | $10.00K |
Free Cash Flow | -$1.510M | -$1.340M | -$950.0K |
YoY Change | 58.95% | 55.81% | 0.0% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
igap |
Gain Loss On Unit Conversion
GainLossOnUnitConversion
|
USD | ||
us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
8243 | USD | |
us-gaap |
Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
|
6344340 | USD | |
us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
3724 | USD | |
igap |
Linkage Difference On Principal Of Loans From Stockholders
LinkageDifferenceOnPrincipalOfLoansFromStockholders
|
666 | USD | |
igap |
Linkage Difference On Principal Of Loans From Stockholders
LinkageDifferenceOnPrincipalOfLoansFromStockholders
|
-1384 | USD | |
us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
-23877 | USD | |
us-gaap |
Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
|
119148 | USD | |
us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
-9227 | USD | |
CY2015Q3 | igap |
Financing Income Expenses Net
FinancingIncomeExpensesNet
|
-27511 | USD |
CY2015Q3 | igap |
Gain Loss On Unit Conversion
GainLossOnUnitConversion
|
-13383 | USD |
dei |
Document Type
DocumentType
|
10-Q | ||
dei |
Entity Filer Category
EntityFilerCategory
|
Smaller Reporting Company | ||
dei |
Entity Registrant Name
EntityRegistrantName
|
Integrity Applications, Inc. | ||
dei |
Document Period End Date
DocumentPeriodEndDate
|
2015-09-30 | ||
dei |
Amendment Flag
AmendmentFlag
|
false | ||
dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2015 | ||
dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001506983 | ||
dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q3 | ||
dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | ||
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
2770503 | USD | |
us-gaap |
Undistributed Earnings Loss Allocated To Participating Securities Diluted
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|
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us-gaap |
Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
|
USD | ||
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
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Inventory Net
InventoryNet
|
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Inventory Finished Goods
InventoryFinishedGoods
|
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Inventory Work In Process
InventoryWorkInProcess
|
16459 | USD |
CY2014Q4 | us-gaap |
Inventory Raw Materials
InventoryRawMaterials
|
55557 | USD |
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Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
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Undistributed Earnings Loss Allocated To Participating Securities Diluted
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|
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Interest Income Expense Net
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|
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Foreign Currency Transaction Gain Loss Before Tax
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|
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us-gaap |
Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
|
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Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
|
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Gain Loss On Unit Conversion
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|
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Foreign Currency Transaction Gain Loss Before Tax
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Unrealized Gain Loss On Derivatives
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|
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Linkage Difference On Principal Of Loans From Stockholders
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Financing Income Expenses Net
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|
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Interest Income Expense Net
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Undistributed Earnings Loss Allocated To Participating Securities Diluted
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Inventory Raw Materials
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|
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Stockholders Equity
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Cash And Cash Equivalents At Carrying Value
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Increase Decrease In Inventories
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Share Based Compensation
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Increase Decrease In Inventories
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us-gaap |
Increase Decrease In Other Current Assets
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|
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us-gaap |
Increase Decrease In Accounts Payable Trade
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Effect Of Exchange Rate On Cash And Cash Equivalents
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Increase Decrease In Funds In Respect Of Employee Rights Upon Retirement
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Temporary Equity Carrying Amount Attributable To Parent
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Common Stock Value
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Additional Paid In Capital Common Stock
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Accumulated Other Comprehensive Income Loss Net Of Tax
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|
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Liabilities And Stockholders Equity
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|
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Commitments And Contingencies
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Property Plant And Equipment Net
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|
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Funds In Respect Of Employee Rights Upon Retirement Noncurrent
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Assets
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Accounts Payable Current
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Other Liabilities Current
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Due To Officers Or Stockholders Current
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Warrants And Rights Outstanding
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Commitments And Contingencies
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Liabilities And Stockholders Equity
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Stockholders Equity
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|
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Retained Earnings Accumulated Deficit
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|
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Accumulated Other Comprehensive Income Loss Net Of Tax
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|
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Additional Paid In Capital Common Stock
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|
5324 | USD |
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Temporary Equity Carrying Amount Attributable To Parent
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|
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Due To Officers Or Stockholders Noncurrent
DueToOfficersOrStockholdersNoncurrent
|
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Liabilities Current
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|
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Due To Officers Or Stockholders Current
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|
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|
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Assets
Assets
|
6348266 | USD |
CY2014Q4 | igap |
Funds In Respect Of Employee Rights Upon Retirement Noncurrent
FundsInRespectOfEmployeeRightsUponRetirementNoncurrent
|
177470 | USD |
CY2014Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
122491 | USD |
CY2014Q4 | us-gaap |
Assets Current
AssetsCurrent
|
6048305 | USD |
CY2014Q4 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
113842 | USD |
CY2014Q4 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
23250 | USD |
CY2014Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
5827560 | USD |
CY2015Q3 | us-gaap |
Liabilities
Liabilities
|
1555600 | USD |
CY2014Q4 | us-gaap |
Liabilities
Liabilities
|
3431784 | USD |
CY2015Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-1123481 | USD |
CY2015Q3 | us-gaap |
Costs And Expenses
CostsAndExpenses
|
1123481 | USD |
CY2015Q3 | us-gaap |
Revenues
Revenues
|
USD | |
CY2015Q3 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
560189 | USD |
CY2015Q3 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
563292 | USD |
us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
3767296 | USD | |
us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
11858 | USD | |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-2600203 | USD | |
us-gaap |
Costs And Expenses
CostsAndExpenses
|
2627512 | USD | |
us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
1299935 | USD | |
us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
1327577 | USD | |
us-gaap |
Revenues
Revenues
|
27309 | USD | |
us-gaap |
Revenues
Revenues
|
143167 | USD | |
us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
1596494 | USD | |
us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
1647054 | USD | |
us-gaap |
Costs And Expenses
CostsAndExpenses
|
3243548 | USD | |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-3100381 | USD | |
us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
9639 | USD | |
us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-4287668 | USD | |
CY2015Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-1095970 | USD |
CY2015Q3 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-46081 | USD |
CY2015Q3 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-1142051 | USD |
CY2014Q3 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
27891 | USD |
CY2014Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-769571 | USD |
CY2014Q3 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
436296 | USD |
CY2014Q3 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
421704 | USD |
CY2014Q3 | us-gaap |
Revenues
Revenues
|
27309 | USD |
CY2014Q3 | us-gaap |
Costs And Expenses
CostsAndExpenses
|
858000 | USD |
CY2014Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-830691 | USD |
us-gaap |
Dividends Stock
DividendsStock
|
USD | ||
igap |
Stock Issued During Period Value Conversion Of Convertible Preferred Stock
StockIssuedDuringPeriodValueConversionOfConvertiblePreferredStock
|
58817 | USD | |
us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
9639 | USD | |
igap |
Adjustments To Additional Paid In Capital Investor Warrant Issued
AdjustmentsToAdditionalPaidInCapitalInvestorWarrantIssued
|
3445337 | USD | |
us-gaap |
Stock Issued During Period Value Stock Dividend
StockIssuedDuringPeriodValueStockDividend
|
USD | ||
us-gaap |
Dividends Preferred Stock Cash
DividendsPreferredStockCash
|
52361 | USD | |
us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
15675 | USD | |
CY2014Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.16 | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.85 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.52 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.85 | ||
CY2015Q3 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.001 | |
CY2014Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.001 | |
CY2014Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.16 | |
igap |
Number Of Units Sold
NumberOfUnitsSold
|
8500 | shares | |
CY2015Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
5513265 | shares |
CY2015Q3 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
9539832 | shares |
CY2014Q3 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
4160346 | shares |
CY2014Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
40000000 | shares |
CY2014Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
5323058 | shares |
CY2015Q3 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
40000000 | shares |
CY2015Q3 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
5549452 | shares |
CY2015Q3 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
5549452 | shares |
CY2014Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
5304100 | shares |
CY2014Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
5323058 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
5303721 | shares | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
5426688 | shares | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
5426688 | shares | |
us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
9425407 | shares | |
us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
3574815 | shares | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
5352039 | shares | |
CY2013Q1 | igap |
Number Of Units Sold
NumberOfUnitsSold
|
6300 | shares |
CY2015Q4 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
5549452 | shares |