$IPWR
Ideal Power Inc.

2022 Q3 Form 10-Q Financial Statement

#000110465922091273 Filed on August 15, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022 Q1
Revenue $10.68K $50.98K $125.0K
YoY Change -91.18% -39.82% -48.36%
Cost Of Revenue $10.68K $50.98K $125.0K
YoY Change -91.18% -39.82% -48.36%
Gross Profit $0.00 $0.00 $0.00
YoY Change
Gross Profit Margin 0.0% 0.0% 0.0%
Selling, General & Admin $976.4K $967.8K $1.072M
YoY Change 55.18% 35.25% 61.68%
% of Gross Profit
Research & Development $780.2K $728.4K $828.5K
YoY Change 29.06% 29.91% 217.6%
% of Gross Profit
Depreciation & Amortization $45.51K $44.86K $44.19K
YoY Change 5.18% 11.2% 49.72%
% of Gross Profit
Operating Expenses $1.757M $1.696M $1.901M
YoY Change 42.38% 32.9% 105.7%
Operating Profit -$1.757M -$1.696M -$1.901M
YoY Change 42.38% 32.9% 105.7%
Interest Expense $52.78K $6.180K $3.716K
YoY Change 953.07% 232.97% 61833.33%
% of Operating Profit
Other Income/Expense, Net $52.78K
YoY Change
Pretax Income -$1.704M -$1.690M -$1.905M
YoY Change 37.55% 42.41% 107.03%
Income Tax
% Of Pretax Income
Net Earnings -$1.704M -$1.690M -$1.905M
YoY Change 37.55% 42.41% 106.1%
Net Earnings / Revenue -15960.37% -3315.14% -1523.62%
Basic Earnings Per Share -$0.28 -$0.27 -$0.31
Diluted Earnings Per Share -$0.28 -$0.27 -$0.31
COMMON SHARES
Basic Shares Outstanding 5.904M 6.158M 6.155M
Diluted Shares Outstanding 6.158M 6.158M 6.155M

Balance Sheet

Concept 2022 Q3 2022 Q2 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $18.45M $20.02M $21.73M
YoY Change -24.65% -22.15% -18.9%
Cash & Equivalents $18.45M $20.02M $21.73M
Short-Term Investments
Other Short-Term Assets $448.3K $262.0K $120.9K
YoY Change 346.64% 92.84% -28.88%
Inventory
Prepaid Expenses
Receivables $49.33K $147.2K $262.1K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $18.95M $20.43M $22.11M
YoY Change -23.75% -21.38% -18.39%
LONG-TERM ASSETS
Property, Plant & Equipment $151.2K $53.27K $59.81K
YoY Change 141.06% -9.07% -0.32%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $11.19K $11.19K $11.19K
YoY Change 0.0% 0.0% 11.89%
Total Long-Term Assets $2.459M $2.380M $2.399M
YoY Change 1.02% -2.99% 15.35%
TOTAL ASSETS
Total Short-Term Assets $18.95M $20.43M $22.11M
Total Long-Term Assets $2.459M $2.380M $2.399M
Total Assets $21.41M $22.81M $24.51M
YoY Change -21.54% -19.79% -15.98%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $19.84K $17.76K $380.0K
YoY Change -65.4% -88.84% 245.48%
Accrued Expenses $573.5K $499.0K $315.8K
YoY Change -8.33% -8.62% -34.21%
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 $656.5K $578.5K $756.1K
YoY Change -11.34% -22.1% 28.15%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0%
Other Long-Term Liabilities $1.103M $1.114M $1.175M
YoY Change -11.22% -10.85% 24.95%
Total Long-Term Liabilities $1.103M $1.114M $1.175M
YoY Change -11.22% -10.85% 14.03%
TOTAL LIABILITIES
Total Short-Term Liabilities $656.5K $578.5K $756.1K
Total Long-Term Liabilities $1.103M $1.114M $1.175M
Total Liabilities $1.759M $1.692M $1.931M
YoY Change -11.27% -15.04% 19.17%
SHAREHOLDERS EQUITY
Retained Earnings -$85.20M -$83.50M -$81.81M
YoY Change 8.56% 8.1%
Common Stock $5.905K $5.905K $5.905K
YoY Change 0.54% 0.54%
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 $19.65M $21.12M $22.58M
YoY Change
Total Liabilities & Shareholders Equity $21.41M $22.81M $24.51M
YoY Change -21.54% -19.79% -15.98%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022 Q1
OPERATING ACTIVITIES
Net Income -$1.704M -$1.690M -$1.905M
YoY Change 37.55% 42.41% 106.1%
Depreciation, Depletion And Amortization $45.51K $44.86K $44.19K
YoY Change 5.18% 11.2% 49.72%
Cash From Operating Activities -$1.431M -$1.664M -$1.417M
YoY Change 20.1% 73.18% 68.04%
INVESTING ACTIVITIES
Capital Expenditures -$139.0K -$40.30K $11.03K
YoY Change 267.81% -64.96% 654.51%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$139.0K -$40.30K -$27.62K
YoY Change 267.81% -64.96% -10.15%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change -100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 0.000 0.000 0.000
YoY Change -100.0% -100.0%
NET CHANGE
Cash From Operating Activities -1.431M -1.664M -1.417M
Cash From Investing Activities -139.0K -40.30K -27.62K
Cash From Financing Activities 0.000 0.000 0.000
Net Change In Cash -1.570M -1.705M -1.445M
YoY Change 27.72% 57.8% -106.11%
FREE CASH FLOW
Cash From Operating Activities -$1.431M -$1.664M -$1.417M
Capital Expenditures -$139.0K -$40.30K $11.03K
Free Cash Flow -$1.292M -$1.624M -$1.428M
YoY Change 11.99% 91.96% 69.05%

Facts In Submission

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IDEAL POWER INC.
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CY2021Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
91711
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
-1186693
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
26446525
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
24149925
CY2022Q1 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
100100
CY2022Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
231765
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
-1904641
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
22577149
CY2022Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
230473
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
-1689994
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
21117628
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
38666
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
78517
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1400368
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
80552
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
82587
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
56132
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
336454
CY2022Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
38571
CY2022Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
297883
CY2022Q2 us-gaap Lessee Operating Lease Remaining Lease Term
LesseeOperatingLeaseRemainingLeaseTerm
P50M
CY2022Q2 us-gaap Operating Lease Payments
OperatingLeasePayments
18993
CY2021Q2 us-gaap Operating Lease Payments
OperatingLeasePayments
39534
us-gaap Operating Lease Payments
OperatingLeasePayments
37817
CY2022Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
2580992
CY2021Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
2525320
CY2022Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
2037412
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
2055650
CY2022Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
37098
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
73910
CY2021Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
35177
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
58875
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
74462
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
148925
CY2022Q2 ipwr Finite Lived Intangible Asset Expected Amortization After Year Four
FiniteLivedIntangibleAssetExpectedAmortizationAfterYearFour
1028786
CY2022Q2 ipwr Finite Lived Intangible Assets Patents Capitalized But Not Yet Awarded
FiniteLivedIntangibleAssetsPatentsCapitalizedButNotYetAwarded
338464
CY2021Q4 ipwr Finite Lived Intangible Assets Patents Capitalized But Not Yet Awarded
FiniteLivedIntangibleAssetsPatentsCapitalizedButNotYetAwarded
306640
CY2021Q2 ipwr Sublease Percentage Subleased
SubleasePercentageSubleased
0.75
us-gaap Operating Lease Payments
OperatingLeasePayments
89423
CY2022Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
19017
CY2021Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
38664
us-gaap Operating Lease Cost
OperatingLeaseCost
38035
us-gaap Operating Lease Cost
OperatingLeaseCost
87152
CY2022Q2 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
786420
CY2021Q4 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
786420
CY2022Q2 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
5.19
CY2021Q4 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
5.19
ipwr Maximum Beneficial Ownership Percentage Of Warrants
MaximumBeneficialOwnershipPercentageOfWarrants
0.0499
ipwr Maximum Beneficial Ownership Percentage Of Warrants Upon Investor S Election
MaximumBeneficialOwnershipPercentageOfWarrantsUponInvestorSElection
0.0999

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