$IPWR
Ideal Power Inc.

2021 Q4 Form 10-K Financial Statement

#000110465922037832 Filed on March 25, 2022

View on sec.gov

Income Statement

Concept 2021 Q4 2021 2020 Q4
Revenue $128.6K $576.4K $270.0K
YoY Change -52.37% 34.63%
Cost Of Revenue $128.6K $576.4K $270.0K
YoY Change -52.37% 34.63%
Gross Profit $0.00 $0.00 $0.00
YoY Change
Gross Profit Margin 0.0% 0.0% 0.0%
Selling, General & Admin $913.2K $2.921M $570.0K
YoY Change 60.22% 24.46% 5.56%
% of Gross Profit
Research & Development $501.7K $1.928M $560.0K
YoY Change -10.41% 12.02% 124.0%
% of Gross Profit
Depreciation & Amortization $43.95K $157.6K $30.00K
YoY Change 46.5% 28.99% 0.0%
% of Gross Profit
Operating Expenses $1.415M $4.849M $1.140M
YoY Change 24.12% 19.2% 44.3%
Operating Profit -$1.415M -$4.849M -$1.140M
YoY Change 24.12% 19.2% 44.3%
Interest Expense -$5.830K $12.70K $0.00
YoY Change 151.55%
% of Operating Profit
Other Income/Expense, Net $0.00 $0.00 $0.00
YoY Change -100.0%
Pretax Income -$1.421M -$4.770M -$1.140M
YoY Change 24.63% -38.76% 44.3%
Income Tax
% Of Pretax Income
Net Earnings -$1.421M -$4.770M -$1.140M
YoY Change 24.63% -38.79% 39.02%
Net Earnings / Revenue -1104.7% -827.6% -422.22%
Basic Earnings Per Share -$0.80
Diluted Earnings Per Share -$231.2K -$0.80 -$261.5K
COMMON SHARES
Basic Shares Outstanding 5.892M 5.938M
Diluted Shares Outstanding 5.938M

Balance Sheet

Concept 2021 Q4 2021 2020 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $23.17M $23.17M $3.160M
YoY Change 633.23% 628.62% 3.27%
Cash & Equivalents $23.17M $23.17M $3.157M
Short-Term Investments
Other Short-Term Assets $43.90K $43.90K $120.0K
YoY Change -63.42% -56.1% -52.0%
Inventory
Prepaid Expenses
Receivables $233.3K $233.3K $170.3K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $23.45M $23.45M $3.446M
YoY Change 580.34% 579.63% 4.12%
LONG-TERM ASSETS
Property, Plant & Equipment $56.16K $363.3K $37.13K
YoY Change 51.27% 202.78% -88.02%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $11.19K $11.19K
YoY Change
Total Long-Term Assets $2.430M $2.430M $1.686M
YoY Change 44.16% 44.65% -13.99%
TOTAL ASSETS
Total Short-Term Assets $23.45M $23.45M $3.446M
Total Long-Term Assets $2.430M $2.430M $1.686M
Total Assets $25.88M $25.88M $5.132M
YoY Change 404.22% 404.43% -2.62%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $130.5K $130.5K $102.0K
YoY Change 27.96% 30.5% -43.34%
Accrued Expenses $353.5K $412.4K $475.5K
YoY Change -25.65% -26.36% -4.9%
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 $542.9K $542.9K $659.5K
YoY Change -17.69% -17.75% -4.42%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $90.00K
YoY Change -100.0% -100.0%
Other Long-Term Liabilities $1.185M $1.185M $550.0K
YoY Change 115.4% 115.4% -20.29%
Total Long-Term Liabilities $1.185M $1.185M $640.0K
YoY Change 85.11% 85.11% -7.25%
TOTAL LIABILITIES
Total Short-Term Liabilities $542.9K $542.9K $659.5K
Total Long-Term Liabilities $1.185M $1.185M $640.0K
Total Liabilities $1.728M $1.728M $1.303M
YoY Change 32.59% 32.89% -5.58%
SHAREHOLDERS EQUITY
Retained Earnings -$79.91M -$75.14M
YoY Change 6.35%
Common Stock $5.894K $3.266K
YoY Change 80.47%
Preferred Stock
YoY Change
Treasury Stock (at cost) $13.21K $13.21K
YoY Change 0.0%
Treasury Stock Shares $1.321K $1.321K
Shareholders Equity $24.15M $24.15M $3.829M
YoY Change
Total Liabilities & Shareholders Equity $25.88M $25.88M $5.132M
YoY Change 404.22% 404.43% -2.62%

Cashflow Statement

Concept 2021 Q4 2021 2020 Q4
OPERATING ACTIVITIES
Net Income -$1.421M -$4.770M -$1.140M
YoY Change 24.63% -38.79% 39.02%
Depreciation, Depletion And Amortization $43.95K $157.6K $30.00K
YoY Change 46.5% 28.99% 0.0%
Cash From Operating Activities -$1.288M -$4.281M -$720.0K
YoY Change 78.91% 41.8% -8.86%
INVESTING ACTIVITIES
Capital Expenditures -$54.14K $44.27K -$20.00K
YoY Change 170.7% 217.55% 0.0%
Acquisitions
YoY Change
Other Investing Activities $0.00
YoY Change
Cash From Investing Activities -$54.14K -$236.9K -$20.00K
YoY Change 170.7% 252.79% 0.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $21.20M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 24.85K 24.53M 130.0K
YoY Change -80.88% 670.01% -95.81%
NET CHANGE
Cash From Operating Activities -1.288M -4.281M -720.0K
Cash From Investing Activities -54.14K -236.9K -20.00K
Cash From Financing Activities 24.85K 24.53M 130.0K
Net Change In Cash -1.317M 20.01M -610.0K
YoY Change 115.97% 19998.51% -126.64%
FREE CASH FLOW
Cash From Operating Activities -$1.288M -$4.281M -$720.0K
Capital Expenditures -$54.14K $44.27K -$20.00K
Free Cash Flow -$1.234M -$4.325M -$700.0K
YoY Change 76.28% 42.6% -9.09%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2021Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
353507
CY2020Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
475487
CY2021 dei Entity Central Index Key
EntityCentralIndexKey
0001507957
CY2021 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2021 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2021
CY2021 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2021 dei Amendment Flag
AmendmentFlag
false
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
147249
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
147249
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
147249
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
147249
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.80
CY2020 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-2.20
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
5937520
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
3539217
CY2021Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2020Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2020Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2021Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2021 dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
DE
CY2021 us-gaap Cost Of Revenue
CostOfRevenue
576399
CY2020 us-gaap Cost Of Revenue
CostOfRevenue
428129
CY2021 us-gaap Operating Loss Carryforwards Limitations On Use
OperatingLossCarryforwardsLimitationsOnUse
through 2038. Federal net operating loss carryforwards for year 2018 and thereafter do not expire. Pursuant to Internal Revenue Code Sections 382 and 383, use of the Company's net operating loss and credit carryforwards may be limited if a cumulative change in ownership of more than 50% occurs within any three-year period since the last ownership change. The Company may have had one or more
CY2021 dei Document Type
DocumentType
10-K
CY2021 dei Document Annual Report
DocumentAnnualReport
true
CY2021 dei Document Period End Date
DocumentPeriodEndDate
2021-12-31
CY2021 dei Document Transition Report
DocumentTransitionReport
false
CY2021 dei Entity File Number
EntityFileNumber
001-36216
CY2021 dei Entity Registrant Name
EntityRegistrantName
IDEAL POWER INC.
CY2021 dei Entity Tax Identification Number
EntityTaxIdentificationNumber
14-1999058
CY2021 dei Entity Address Address Line1
EntityAddressAddressLine1
5508 Highway 290 West, Suite 120
CY2021 dei Entity Address City Or Town
EntityAddressCityOrTown
Austin
CY2021 dei Entity Address State Or Province
EntityAddressStateOrProvince
TX
CY2021 dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
78735
CY2021 dei City Area Code
CityAreaCode
512
CY2021 dei Local Phone Number
LocalPhoneNumber
264-1542
CY2021 dei Security12g Title
Security12gTitle
Common Stock, par value $0.001 per share
CY2021 dei Trading Symbol
TradingSymbol
IPWR
CY2021 dei Security Exchange Name
SecurityExchangeName
NASDAQ
CY2021 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No
CY2021 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2021 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2021 dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
CY2021 dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
CY2021 dei Entity Small Business
EntitySmallBusiness
true
CY2021 dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
CY2021 dei Entity Shell Company
EntityShellCompany
false
CY2021Q2 dei Entity Public Float
EntityPublicFloat
74578861
CY2022Q1 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
5903797
CY2021 dei Auditor Name
AuditorName
BPM LLP
CY2021 dei Auditor Location
AuditorLocation
Santa Monica, California
CY2020 dei Auditor Name
AuditorName
Gumbiner Savett Inc.
CY2020 dei Auditor Location
AuditorLocation
Santa Monica, California
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
23170149
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
3157256
CY2021Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
233262
CY2020Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
170287
CY2021Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
43900
CY2020Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
118883
CY2021Q4 us-gaap Assets Current
AssetsCurrent
23447311
CY2020Q4 us-gaap Assets Current
AssetsCurrent
3446426
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
56158
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
37125
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
2055650
CY2020Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
1568903
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
307172
CY2020Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
79719
CY2021Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
11189
CY2021Q4 us-gaap Assets
Assets
25877480
CY2020Q4 us-gaap Assets
Assets
5132173
CY2021Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
130500
CY2020Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
101984
CY2021Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
353507
CY2020Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
475487
CY2021Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
58864
CY2020Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
82055
CY2021Q4 us-gaap Liabilities Current
LiabilitiesCurrent
542871
CY2020Q4 us-gaap Liabilities Current
LiabilitiesCurrent
659526
CY2020Q4 us-gaap Long Term Line Of Credit
LongTermLineOfCredit
91407
CY2021Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
267584
CY2021Q4 us-gaap Other Long Term Debt Noncurrent
OtherLongTermDebtNoncurrent
917100
CY2020Q4 us-gaap Other Long Term Debt Noncurrent
OtherLongTermDebtNoncurrent
552031
CY2021Q4 us-gaap Liabilities
Liabilities
1727555
CY2020Q4 us-gaap Liabilities
Liabilities
1302964
CY2021Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2021Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000
CY2020Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2021Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2020Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2021Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2020Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
50000000
CY2021Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
50000000
CY2021Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
5893767
CY2021Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
5892446
CY2020Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
3265740
CY2020Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
3264419
CY2021Q4 us-gaap Common Stock Value
CommonStockValue
5894
CY2020Q4 us-gaap Common Stock Value
CommonStockValue
3266
CY2021Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
104063321
CY2020Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
78974964
CY2020Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
1321
CY2021Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
1321
CY2021Q4 us-gaap Treasury Stock Value
TreasuryStockValue
13210
CY2020Q4 us-gaap Treasury Stock Value
TreasuryStockValue
13210
CY2021Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-79906080
CY2020Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-75135811
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
24149925
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
3829209
CY2021Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
25877480
CY2020Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
5132173
CY2021 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
576399
CY2020 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
428129
CY2021 us-gaap Cost Of Revenue
CostOfRevenue
576399
CY2020 us-gaap Cost Of Revenue
CostOfRevenue
428129
CY2021 us-gaap Gross Profit
GrossProfit
0
CY2020 us-gaap Gross Profit
GrossProfit
0
CY2021 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
1927743
CY2020 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
1720893
CY2021 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
2408425
CY2020 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
868648
CY2020 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
2307089
CY2021 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
512807
CY2020 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
40000
CY2021 us-gaap Operating Expenses
OperatingExpenses
4848975
CY2020 us-gaap Operating Expenses
OperatingExpenses
4067982
CY2021 us-gaap Operating Income Loss
OperatingIncomeLoss
-4848975
CY2020 us-gaap Operating Income Loss
OperatingIncomeLoss
-4067982
CY2021 ipwr Gain On Forgiveness Of Long Term Debt
GainOnForgivenessOfLongTermDebt
91407
CY2020 ipwr Gain On Forgiveness Of Long Term Debt
GainOnForgivenessOfLongTermDebt
0
CY2021 us-gaap Interest Expense
InterestExpense
12701
CY2020 us-gaap Interest Expense
InterestExpense
5049
CY2021 ipwr Warrant Inducement Expense
WarrantInducementExpense
0
CY2020 ipwr Warrant Inducement Expense
WarrantInducementExpense
3720866
CY2021 ipwr Other Income Expense
OtherIncomeExpense
78706
CY2020 ipwr Other Income Expense
OtherIncomeExpense
-3725915
CY2021 us-gaap Net Income Loss
NetIncomeLoss
-4770269
CY2020 us-gaap Net Income Loss
NetIncomeLoss
-7793897
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.80
CY2020 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-2.20
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
5937520
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
3539217
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
3889233
CY2020 us-gaap Stock And Warrants Issued During Period Value Preferred Stock And Warrants
StockAndWarrantsIssuedDuringPeriodValuePreferredStockAndWarrants
546773
CY2020 ipwr Early Warrants Issued Value
EarlyWarrantsIssuedValue
2547586
CY2020 ipwr Adjustment To Additional Paid In Capital Warrant Inducement Expense
AdjustmentToAdditionalPaidInCapitalWarrantInducementExpense
3720866
CY2020 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
50000
CY2020 us-gaap Net Income Loss
NetIncomeLoss
-7793897
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
3829209
CY2021 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
21204609
CY2021 ipwr Stock Issued During Period Value Stock Options And Warrants Exercised
StockIssuedDuringPeriodValueStockOptionsAndWarrantsExercised
3326083
CY2021 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
207980
CY2021 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
352313
CY2021 us-gaap Net Income Loss
NetIncomeLoss
-4770269
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
24149925
CY2021 us-gaap Net Income Loss
NetIncomeLoss
-4770269
CY2020 us-gaap Net Income Loss
NetIncomeLoss
-7793897
CY2021 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
157564
CY2020 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
122152
CY2021 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
528
CY2020 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
20660
CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
352313
CY2020 us-gaap Share Based Compensation
ShareBasedCompensation
868648
CY2021 us-gaap Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
207980
CY2020 us-gaap Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
50000
CY2021 ipwr Warrant Inducement Expense
WarrantInducementExpense
0
CY2020 ipwr Warrant Inducement Expense
WarrantInducementExpense
3720866
CY2021 ipwr Gain On Forgiveness Of Long Term Debt
GainOnForgivenessOfLongTermDebt
91407
CY2020 ipwr Gain On Forgiveness Of Long Term Debt
GainOnForgivenessOfLongTermDebt
0
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
24530692
CY2020 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
3185766
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
20012893
CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
99574
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
3157256
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
3057682
CY2021 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
62975
CY2020 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
170287
CY2021 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-176223
CY2020 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-147185
CY2021 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
28516
CY2020 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-80972
CY2021 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-279337
CY2020 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
96613
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-4280864
CY2020 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-3019032
CY2021 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
44267
CY2020 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
13940
CY2021 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
192668
CY2020 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
53220
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-236935
CY2020 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-67160
CY2021 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
21204609
CY2020 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0
CY2021 ipwr Proceeds From Exercise Of Options And Warrants
ProceedsFromExerciseOfOptionsAndWarrants
3326083
CY2020 ipwr Proceeds From Exercise Of Options And Warrants
ProceedsFromExerciseOfOptionsAndWarrants
3094359
CY2021 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
0
CY2020 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
91407
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
23170149
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
3157256
CY2021 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:0pt;margin:0pt 0pt 12pt 0pt;"><span style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Reclassifications</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt 0pt 12pt 0pt;">Certain items in prior period financial statements have been reclassified to conform to current year presentation. Such reclassifications were to move sales and marketing expenses out of general and administrative expenses and to a separate line, and did not impact the Company’s reported net loss or financial position.</p>
CY2021 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
528
CY2020 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
20660
CY2021 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
576399
CY2020 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
428129
CY2021 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1379306
CY2020 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1541518
CY2021 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 12pt 0pt;"><span style="text-decoration-line:underline;text-decoration-style:solid;">Concentration of Credit Risk</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt 0pt 12pt 0pt;">Financial instruments that potentially subject the Company to concentrations of credit risk consist primarily of cash and cash equivalents. The Company maintains its cash with a major financial institution located in the United States. Balances are insured by the Federal Deposit Insurance Corporation up to $250,000. The Company maintains balances in excess of federally insured limits. The Company has not experienced losses in such accounts and believes it is not exposed to significant credit risk regarding its cash and cash equivalents.</p>
CY2021Q4 us-gaap Cash Fdic Insured Amount
CashFDICInsuredAmount
250000
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
166940
CY2020Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
160166
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
110782
CY2020Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
123041
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
56158
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
37125
CY2021 us-gaap Depreciation
Depreciation
25234
CY2020 us-gaap Depreciation
Depreciation
24117
CY2021Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
6551
CY2020Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
53831
CY2021Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
2525320
CY2020Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
1906243
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
2055650
CY2020Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
1568903
CY2021 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
528
CY2020 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
20660
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
132330
CY2020 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
98035
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
147249
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
1012765
CY2021Q4 us-gaap Accrued Professional Fees Current And Noncurrent
AccruedProfessionalFeesCurrentAndNoncurrent
44000
CY2020Q4 us-gaap Accrued Professional Fees Current And Noncurrent
AccruedProfessionalFeesCurrentAndNoncurrent
32500
CY2021Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
147756
CY2020Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
191556
CY2021Q4 ipwr Accrued Licensing Fee Current
AccruedLicensingFeeCurrent
50000
CY2020Q4 ipwr Accrued Licensing Fee Current
AccruedLicensingFeeCurrent
60000
CY2021Q4 ipwr Accrued Board Fees Current
AccruedBoardFeesCurrent
30000
CY2020Q4 ipwr Accrued Board Fees Current
AccruedBoardFeesCurrent
45000
CY2021Q4 ipwr Accrued Taxes Current
AccruedTaxesCurrent
75200
CY2020Q4 ipwr Accrued Semiconductor Fabrication Costs Current
AccruedSemiconductorFabricationCostsCurrent
92600
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
56132
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
374270
CY2021Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
47822
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
326448
CY2021 us-gaap Operating Lease Payments
OperatingLeasePayments
108247
CY2021 us-gaap Operating Lease Cost
OperatingLeaseCost
125187
CY2021 ipwr Gain On Forgiveness Of Long Term Debt
GainOnForgivenessOfLongTermDebt
91407
CY2021Q2 ipwr Sublease Percentage Subleased
SubleasePercentageSubleased
0.75
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
76482
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
78517
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
80552
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
82587
CY2020 us-gaap Operating Lease Payments
OperatingLeasePayments
196477
CY2020 us-gaap Operating Lease Cost
OperatingLeaseCost
193950
CY2021Q4 us-gaap Lessee Operating Lease Remaining Lease Term
LesseeOperatingLeaseRemainingLeaseTerm
P56M
CY2021Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2021 us-gaap Common Stock Voting Rights
CommonStockVotingRights
one
CY2021 ipwr Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodFairValue
2078872
CY2021 ipwr Estimated Fair Value Of Stock Options Recognized
EstimatedFairValueOfStockOptionsRecognized
327414
CY2020 ipwr Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodFairValue
758214
CY2020 ipwr Estimated Fair Value Of Stock Options Recognized
EstimatedFairValueOfStockOptionsRecognized
754369
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue
2400000
CY2021 ipwr Warrants Maximum Beneficial Ownership Percentage
WarrantsMaximumBeneficialOwnershipPercentage
0.0999
CY2020Q4 ipwr Warrant Shares In Abeyance
WarrantSharesInAbeyance
803300
CY2021 ipwr Convertible Preferred Stock Minimum Beneficial Ownership Percentage
ConvertiblePreferredStockMinimumBeneficialOwnershipPercentage
0.0499
CY2021 ipwr Convertible Preferred Stock Maximum Beneficial Ownership Percentage
ConvertiblePreferredStockMaximumBeneficialOwnershipPercentage
0.0999
CY2020Q4 ipwr Deferred Tax Assets Current
DeferredTaxAssetsCurrent
0
CY2021Q4 ipwr Deferred Tax Assets Current
DeferredTaxAssetsCurrent
0
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
11000
CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
11000
CY2021Q4 ipwr Deferred Assets Valuation Allowance Current
DeferredAssetsValuationAllowanceCurrent
11000
CY2020Q4 ipwr Deferred Assets Valuation Allowance Current
DeferredAssetsValuationAllowanceCurrent
11000
CY2021Q4 ipwr Deferred Tax Assets Current
DeferredTaxAssetsCurrent
0
CY2020Q4 ipwr Deferred Tax Assets Current
DeferredTaxAssetsCurrent
0
CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
13013000
CY2020Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
12003000
CY2021Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Research
DeferredTaxAssetsTaxCreditCarryforwardsResearch
18000
CY2020Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Research
DeferredTaxAssetsTaxCreditCarryforwardsResearch
18000
CY2021Q4 us-gaap Deferred Tax Assets Derivative Instruments
DeferredTaxAssetsDerivativeInstruments
45000
CY2020Q4 us-gaap Deferred Tax Assets Derivative Instruments
DeferredTaxAssetsDerivativeInstruments
45000
CY2021Q4 us-gaap Deferred Tax Assets Property Plant And Equipment
DeferredTaxAssetsPropertyPlantAndEquipment
126000
CY2020Q4 us-gaap Deferred Tax Assets Property Plant And Equipment
DeferredTaxAssetsPropertyPlantAndEquipment
95000
CY2021Q4 ipwr Deferred Tax Liabilities Options And Warrants
DeferredTaxLiabilitiesOptionsAndWarrants
33000
CY2020Q4 ipwr Deferred Tax Liabilities Options And Warrants
DeferredTaxLiabilitiesOptionsAndWarrants
33000
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
1028000
CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
957000
CY2021Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
606000
CY2020Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
471000
CY2021Q4 ipwr Deferred Liabilities Valuation Allowance Non Current
DeferredLiabilitiesValuationAllowanceNonCurrent
13591000
CY2020Q4 ipwr Deferred Liabilities Valuation Allowance Non Current
DeferredLiabilitiesValuationAllowanceNonCurrent
12614000
CY2021Q4 ipwr Deferred Tax Assets Non Current
DeferredTaxAssetsNonCurrent
0
CY2020Q4 ipwr Deferred Tax Assets Non Current
DeferredTaxAssetsNonCurrent
0
CY2020Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0
CY2021Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0
CY2020Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
0
CY2021Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
0
CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2020 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2020 ipwr Effective Income Tax Rate Reconciliation Warrant Inducement
EffectiveIncomeTaxRateReconciliationWarrantInducement
0.10
CY2021 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.21
CY2020 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.11
CY2021 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0
CY2020 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0
CY2021 dei Auditor Firm
AuditorFirmId
207
CY2020 dei Auditor Firm
AuditorFirmId
285

Files In Submission

Name View Source Status
0001104659-22-037832-index-headers.html Edgar Link pending
0001104659-22-037832-index.html Edgar Link pending
0001104659-22-037832.txt Edgar Link pending
0001104659-22-037832-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
ipwr-20211231.xsd Edgar Link pending
ipwr-20211231x10k.htm Edgar Link pending
ipwr-20211231x10k_htm.xml Edgar Link completed
ipwr-20211231xex23d1.htm Edgar Link pending
ipwr-20211231xex23d2.htm Edgar Link pending
ipwr-20211231xex23d2001.jpg Edgar Link pending
ipwr-20211231xex31d1.htm Edgar Link pending
ipwr-20211231xex31d2.htm Edgar Link pending
ipwr-20211231xex32d1.htm Edgar Link pending
ipwr-20211231_cal.xml Edgar Link unprocessable
ipwr-20211231_def.xml Edgar Link unprocessable
ipwr-20211231_lab.xml Edgar Link unprocessable
ipwr-20211231_pre.xml Edgar Link unprocessable
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending