2014 Q3 Form 10-Q Financial Statement
#000114420414049353 Filed on August 13, 2014
Income Statement
Concept | 2014 Q3 | 2013 Q2 |
---|---|---|
Revenue | $438.0K | $650.3K |
YoY Change | -27.98% | 491.17% |
Cost Of Revenue | $533.5K | $690.5K |
YoY Change | -13.93% | 667.21% |
Gross Profit | -$95.51K | -$40.21K |
YoY Change | 717.34% | -301.03% |
Gross Profit Margin | -21.8% | -6.18% |
Selling, General & Admin | $1.074M | $533.6K |
YoY Change | 87.99% | 105.24% |
% of Gross Profit | ||
Research & Development | $689.4K | $330.2K |
YoY Change | 164.08% | 65.1% |
% of Gross Profit | ||
Depreciation & Amortization | $20.00K | $0.00 |
YoY Change | 100.0% | -100.0% |
% of Gross Profit | ||
Operating Expenses | $1.763M | $863.8K |
YoY Change | 111.86% | 83.79% |
Operating Profit | -$1.858M | -$904.0K |
YoY Change | 120.24% | 100.9% |
Interest Expense | $10.00K | -$1.080M |
YoY Change | -100.76% | 1700.0% |
% of Operating Profit | ||
Other Income/Expense, Net | ||
YoY Change | ||
Pretax Income | -$1.850M | -$1.990M |
YoY Change | -14.35% | 298.0% |
Income Tax | $0.00 | $0.00 |
% Of Pretax Income | ||
Net Earnings | -$1.852M | -$1.987M |
YoY Change | -14.46% | 297.49% |
Net Earnings / Revenue | -422.77% | -305.63% |
Basic Earnings Per Share | ||
Diluted Earnings Per Share | -$2.643M | -$5.686M |
COMMON SHARES | ||
Basic Shares Outstanding | 7.015M shares | |
Diluted Shares Outstanding |
Balance Sheet
Concept | 2014 Q3 | 2013 Q2 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $9.730M | $370.0K |
YoY Change | 3375.0% | |
Cash & Equivalents | $9.730M | $372.5K |
Short-Term Investments | ||
Other Short-Term Assets | $110.0K | $150.0K |
YoY Change | -76.6% | |
Inventory | $343.9K | $230.0K |
Prepaid Expenses | ||
Receivables | $399.8K | $630.0K |
Other Receivables | $0.00 | $0.00 |
Total Short-Term Assets | $10.58M | $1.380M |
YoY Change | 403.84% | |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $331.2K | $30.00K |
YoY Change | 728.05% | |
Goodwill | ||
YoY Change | ||
Intangibles | ||
YoY Change | ||
Long-Term Investments | ||
YoY Change | ||
Other Assets | $35.84K | |
YoY Change | ||
Total Long-Term Assets | $1.279M | $620.0K |
YoY Change | 96.82% | |
TOTAL ASSETS | ||
Total Short-Term Assets | $10.58M | $1.380M |
Total Long-Term Assets | $1.279M | $620.0K |
Total Assets | $11.86M | $2.000M |
YoY Change | 331.27% | |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $429.4K | $940.0K |
YoY Change | -70.18% | |
Accrued Expenses | $741.8K | $260.0K |
YoY Change | 80.93% | |
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | $0.00 | $0.00 |
YoY Change | ||
Long-Term Debt Due | $3.390M | |
YoY Change | ||
Total Short-Term Liabilities | $1.171M | $4.630M |
YoY Change | -82.15% | |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $0.00 | $1.170M |
YoY Change | -100.0% | |
Other Long-Term Liabilities | ||
YoY Change | ||
Total Long-Term Liabilities | $0.00 | $1.170M |
YoY Change | -100.0% | |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $1.171M | $4.630M |
Total Long-Term Liabilities | $0.00 | $1.170M |
Total Liabilities | $1.170M | $5.800M |
YoY Change | -84.9% | |
SHAREHOLDERS EQUITY | ||
Retained Earnings | -$21.65M | |
YoY Change | ||
Common Stock | $7.022K | |
YoY Change | ||
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | $2.657K | |
YoY Change | ||
Treasury Stock Shares | ||
Shareholders Equity | $10.69M | -$3.800M |
YoY Change | ||
Total Liabilities & Shareholders Equity | $11.86M | $2.000M |
YoY Change | 331.27% |
Cashflow Statement
Concept | 2014 Q3 | 2013 Q2 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | -$1.852M | -$1.987M |
YoY Change | -14.46% | 297.49% |
Depreciation, Depletion And Amortization | $20.00K | $0.00 |
YoY Change | 100.0% | -100.0% |
Cash From Operating Activities | -$1.320M | -$750.0K |
YoY Change | 100.0% | 82.93% |
INVESTING ACTIVITIES | ||
Capital Expenditures | -$100.0K | -$70.00K |
YoY Change | 150.0% | 250.0% |
Acquisitions | ||
YoY Change | ||
Other Investing Activities | ||
YoY Change | ||
Cash From Investing Activities | -$100.0K | -$70.00K |
YoY Change | 150.0% | |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | ||
YoY Change | ||
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | 0.000 | -20.00K |
YoY Change | -100.0% | -104.65% |
NET CHANGE | ||
Cash From Operating Activities | -1.320M | -750.0K |
Cash From Investing Activities | -100.0K | -70.00K |
Cash From Financing Activities | 0.000 | -20.00K |
Net Change In Cash | -1.420M | -840.0K |
YoY Change | 1477.78% | -4300.0% |
FREE CASH FLOW | ||
Cash From Operating Activities | -$1.320M | -$750.0K |
Capital Expenditures | -$100.0K | -$70.00K |
Free Cash Flow | -$1.220M | -$680.0K |
YoY Change | 96.77% | 74.36% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2014Q2 | us-gaap |
Cash Fdic Insured Amount
CashFDICInsuredAmount
|
250000 | USD |
us-gaap |
Stockholders Equity Reverse Stock Split
StockholdersEquityReverseStockSplit
|
1-for-2.381 reverse stock split | ||
us-gaap |
Property Plant And Equipment Depreciation Methods
PropertyPlantAndEquipmentDepreciationMethods
|
straight-line method | ||
us-gaap |
Revenue From Grants
RevenueFromGrants
|
796449 | USD | |
us-gaap |
Revenue From Grants
RevenueFromGrants
|
299021 | USD | |
CY2013Q2 | us-gaap |
Revenue From Grants
RevenueFromGrants
|
574211 | USD |
CY2014Q2 | us-gaap |
Grants Receivable Current
GrantsReceivableCurrent
|
125833 | USD |
ipwr |
Research And Development Expense Including Grants
ResearchAndDevelopmentExpenseIncludingGrants
|
1381498 | USD | |
CY2014Q2 | ipwr |
Research And Development Expense Including Grants
ResearchAndDevelopmentExpenseIncludingGrants
|
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CY2014Q2 | us-gaap |
Other Commitment Due In Next Twelve Months
OtherCommitmentDueInNextTwelveMonths
|
77162 | USD |
CY2014Q2 | us-gaap |
Other Commitment Due In Second Year
OtherCommitmentDueInSecondYear
|
156394 | USD |
ipwr |
Research And Development Expense Grants
ResearchAndDevelopmentExpenseGrants
|
332245 | USD | |
CY2013Q2 | ipwr |
Research And Development Expense Grants
ResearchAndDevelopmentExpenseGrants
|
583610 | USD |
CY2014Q2 | ipwr |
Research And Development Expense Grants
ResearchAndDevelopmentExpenseGrants
|
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CY2014Q2 | us-gaap |
Machinery And Equipment Gross
MachineryAndEquipmentGross
|
225059 | USD |
CY2013Q4 | us-gaap |
Machinery And Equipment Gross
MachineryAndEquipmentGross
|
46733 | USD |
CY2014Q2 | us-gaap |
Buildings And Improvements Gross
BuildingsAndImprovementsGross
|
7084 | USD |
CY2014Q2 | us-gaap |
Furniture And Fixtures Gross
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|
156330 | USD |
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Furniture And Fixtures Gross
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|
107769 | USD |
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Property Plant And Equipment Gross
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|
388473 | USD |
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Property Plant And Equipment Gross
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|
201352 | USD |
CY2014Q2 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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|
81727 | USD |
CY2013Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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|
115634 | USD |
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Inventory Raw Materials
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|
172806 | USD |
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Inventory Raw Materials
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|
102652 | USD |
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Inventory Finished Goods
InventoryFinishedGoods
|
74127 | USD |
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Inventory Finished Goods
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|
417005 | USD |
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Buildings And Improvements Gross
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|
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Other Commitment
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|
625722 | USD |
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Other Commitment Due In Third Year
OtherCommitmentDueInThirdYear
|
159941 | USD |
CY2014Q2 | us-gaap |
Other Commitment Due In Fourth Year
OtherCommitmentDueInFourthYear
|
163489 | USD |
CY2014Q2 | us-gaap |
Other Commitment Due In Fifth Year
OtherCommitmentDueInFifthYear
|
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Common Stock Par Or Stated Value Per Share
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|
0.001 | |
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Lease And Rental Expense
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|
17631 | USD | |
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Lease And Rental Expense
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|
36773 | USD | |
CY2013Q2 | us-gaap |
Lease And Rental Expense
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|
8412 | USD |
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Lease And Rental Expense
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|
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Contractual Obligation If Contract Terminated
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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 Authorized
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|
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Common Stock Shares Issued
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Common Stock Shares Outstanding
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Sales Revenue Goods Net
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|
183970 | USD | |
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Sales Revenue Goods Net
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|
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|
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Sales Revenue Goods Net
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|
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Royalty Revenue
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|
50000 | USD | |
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Royalty Revenue
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|
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Royalty Revenue
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|
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Royalty Revenue
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|
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Revenues
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|
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|
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Revenues
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|
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|
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Other Research And Development Expense
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Cost Of Revenue
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|
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|
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|
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Cost Of Revenue
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|
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Gross Profit
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|
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Gross Profit
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Gross Profit
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|
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General And Administrative Expense
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|
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|
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Research And Development Expense
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|
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Selling And Marketing Expense
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|
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|
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|
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|
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|
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Interest Income Expense Net
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Net Income Loss
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Net Income Loss
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|
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Net Income Loss
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|
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Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-2.58 | ||
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Earnings Per Share Basic And Diluted
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|
-0.44 | ||
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Earnings Per Share Basic And Diluted
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|
-1.34 | |
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Earnings Per Share Basic And Diluted
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|
-0.23 | |
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Weighted Average Number Of Share Outstanding Basic And Diluted
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|
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Weighted Average Number Of Share Outstanding Basic And Diluted
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|
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|
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Amortization Of Debt Discount Premium
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|
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Amortization Of Debt Discount Premium
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|
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Depreciation Depletion And Amortization
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|
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Depreciation Depletion And Amortization
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|
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Inventory Write Down
InventoryWriteDown
|
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Inventory Write Down
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|
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Share Based Compensation
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|
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Share Based Compensation
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|
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Stock Compensation Earned But Not Issued
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|
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Amortization Of Debt Discount Premium
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|
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Issuance Of Stock And Warrants For Services Or Claims
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|
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Issuance Of Stock And Warrants For Services Or Claims
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|
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Interest Expense Debt
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|
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Interest Expense Debt
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|
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Increase Decrease In Accounts Receivable
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|
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Increase Decrease In Accounts Receivable
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|
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|
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Increase Decrease In Prepaid Expense
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|
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Increase Decrease In Accounts Payable
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|
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Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
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Increase Decrease In Accrued Liabilities
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|
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Increase Decrease In Accrued Liabilities
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|
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Increase Decrease In Deferred Revenue
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|
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Increase Decrease In Deferred Revenue
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|
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Net Cash Provided By Used In Operating Activities Continuing Operations
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|
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Net Cash Provided By Used In Operating Activities Continuing Operations
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|
-2503987 | USD | |
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Payments To Acquire Property Plant And Equipment
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|
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Payments To Acquire Property Plant And Equipment
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|
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Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
|
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Payments To Acquire Intangible Assets
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|
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Net Cash Provided By Used In Investing Activities Continuing Operations
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|
-128271 | USD | |
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Net Cash Provided By Used In Investing Activities Continuing Operations
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|
-488780 | USD | |
ipwr |
Proceeds From Exercise Of Options And Warrants
ProceedsFromExerciseOfOptionsAndWarrants
|
0 | USD | |
ipwr |
Proceeds From Exercise Of Options And Warrants
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|
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Net Cash Provided By Used In Financing Activities Continuing Operations
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|
0 | USD | |
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Net Cash Provided By Used In Financing Activities Continuing Operations
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|
4990 | USD | |
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Cash And Cash Equivalents Period Increase Decrease
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|
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Cash And Cash Equivalents Period Increase Decrease
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|
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Cash And Cash Equivalents At Carrying Value
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|
1972301 | USD |
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Cash And Cash Equivalents At Carrying Value
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|
372538 | USD |
dei |
Document Type
DocumentType
|
10-Q | ||
dei |
Amendment Flag
AmendmentFlag
|
false | ||
dei |
Document Period End Date
DocumentPeriodEndDate
|
2014-06-30 | ||
dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2014 | ||
dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q2 | ||
dei |
Entity Registrant Name
EntityRegistrantName
|
Ideal Power Inc. | ||
dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001507957 | ||
dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | ||
dei |
Entity Filer Category
EntityFilerCategory
|
Smaller Reporting Company | ||
dei |
Trading Symbol
TradingSymbol
|
IPWR | ||
CY2014Q3 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
7015343 | shares |
dei |
Entity Incorporation State Country Name
EntityIncorporationStateCountryName
|
Delaware | ||
dei |
Entity Incorporation Date Of Incorporation
EntityIncorporationDateOfIncorporation
|
2013-07-15 | ||
CY2014Q2 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
0 | USD |
CY2013Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
0 | USD |
CY2014Q2 | us-gaap |
Inventory Valuation Reserves
InventoryValuationReserves
|
0 | USD |
CY2013Q4 | us-gaap |
Inventory Valuation Reserves
InventoryValuationReserves
|
0 | USD |
CY2013 | us-gaap |
Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
|
0 | USD |
us-gaap |
Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
|
0 | USD |