$IPWR
Ideal Power Inc.

2017 Q1 Form 10-K Financial Statement

#000150795717000011 Filed on March 29, 2017

View on sec.gov

Income Statement

Concept 2017 Q1 2015 Q4 2015
Revenue $275.7K $970.0K $4.260M
YoY Change -44.49% 94.0% 137.44%
Cost Of Revenue $710.9K $950.0K $3.873M
YoY Change 43.69% 55.74% 76.91%
Gross Profit -$435.3K $10.00K $387.2K
YoY Change -23129.63% -109.09% -198.04%
Gross Profit Margin -157.89% 1.03% 9.09%
Selling, General & Admin $1.447M $1.350M $5.338M
YoY Change 8.6% 19.47% 27.32%
% of Gross Profit 13500.0% 1378.47%
Research & Development $1.190M $1.710M $5.521M
YoY Change -19.58% 122.08% 135.93%
% of Gross Profit 17100.0% 1425.84%
Depreciation & Amortization $113.1K $90.00K $232.9K
YoY Change 29.96% 200.0% 243.47%
% of Gross Profit 900.0% 60.13%
Operating Expenses $2.638M $3.060M $10.86M
YoY Change -6.23% 61.05% 66.22%
Operating Profit -$3.073M -$3.050M -$10.47M
YoY Change 9.32% 51.74% 51.16%
Interest Expense $0.00 $10.00K $30.00K
YoY Change -100.0% 0.0% 0.0%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$3.070M -$3.040M -$10.44M
YoY Change 9.64% 52.0% 51.3%
Income Tax
% Of Pretax Income
Net Earnings -$3.068M -$3.040M -$10.44M
YoY Change 9.49% 52.0% 51.31%
Net Earnings / Revenue -1113.06% -313.4% -245.09%
Basic Earnings Per Share
Diluted Earnings Per Share -$2.817M -$3.234M -$12.28M
COMMON SHARES
Basic Shares Outstanding 14.00M shares 9.400M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2017 Q1 2015 Q4 2015
SHORT-TERM ASSETS
Cash & Short-Term Investments $15.35M $15.02M $15.02M
YoY Change 25.0% 89.89% 89.89%
Cash & Equivalents $15.35M $15.02M $15.02M
Short-Term Investments
Other Short-Term Assets $300.0K $68.00K $300.0K
YoY Change 3.45% -32.44% 11.11%
Inventory $851.9K $648.0K $650.0K
Prepaid Expenses
Receivables $565.5K $872.9K $870.0K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $17.07M $16.84M $16.84M
YoY Change 24.26% 89.77% 89.85%
LONG-TERM ASSETS
Property, Plant & Equipment $835.1K $925.9K $930.0K
YoY Change -12.09% 147.32% 151.35%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $17.92K $17.92K $20.00K
YoY Change -10.4% 0.0% 0.0%
Total Long-Term Assets $2.813M $2.411M $2.410M
YoY Change 1.9% 71.54% 70.92%
TOTAL ASSETS
Total Short-Term Assets $17.07M $16.84M $16.84M
Total Long-Term Assets $2.813M $2.411M $2.410M
Total Assets $19.89M $19.25M $19.25M
YoY Change 20.52% 87.28% 87.26%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $363.3K $1.339M $1.340M
YoY Change -52.19% 203.15% 204.55%
Accrued Expenses $1.031M $1.240M $1.240M
YoY Change -13.36% 60.4% 61.04%
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 $1.394M $2.579M $2.580M
YoY Change -28.53% 112.3% 113.22%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $266.9K
YoY Change 2.67%
Total Long-Term Liabilities $266.9K $0.00 $0.00
YoY Change 1.25%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.394M $2.579M $2.580M
Total Long-Term Liabilities $266.9K $0.00 $0.00
Total Liabilities $1.661M $2.579M $2.580M
YoY Change -24.85% 113.13% 113.22%
SHAREHOLDERS EQUITY
Retained Earnings -$48.14M -$34.09M
YoY Change 44.14%
Common Stock $14.00K $9.550K
YoY Change 35.5%
Preferred Stock
YoY Change
Treasury Stock (at cost) $5.915K $2.657K
YoY Change 0.0%
Treasury Stock Shares 1.683K shares 1.000K shares
Shareholders Equity $18.22M $16.67M $16.67M
YoY Change
Total Liabilities & Shareholders Equity $19.89M $19.25M $19.25M
YoY Change 20.52% 87.28% 87.26%

Cashflow Statement

Concept 2017 Q1 2015 Q4 2015
OPERATING ACTIVITIES
Net Income -$3.068M -$3.040M -$10.44M
YoY Change 9.49% 52.0% 51.31%
Depreciation, Depletion And Amortization $113.1K $90.00K $232.9K
YoY Change 29.96% 200.0% 243.47%
Cash From Operating Activities -$2.446M -$2.350M -$8.046M
YoY Change -5.05% 42.42% 47.1%
INVESTING ACTIVITIES
Capital Expenditures $4.378K -$380.0K $791.6K
YoY Change -95.64% 123.53% 131.3%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$76.75K -$380.0K -$1.422M
YoY Change -62.28% 123.53% 87.07%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $13.66M $15.92M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $13.67M 420.0K $16.58M
YoY Change 38363.74%
NET CHANGE
Cash From Operating Activities -$2.446M -2.350M -$8.046M
Cash From Investing Activities -$76.75K -380.0K -$1.422M
Cash From Financing Activities $13.67M 420.0K $16.58M
Net Change In Cash $11.15M -2.310M $7.110M
YoY Change -506.22% 26.92% -214.13%
FREE CASH FLOW
Cash From Operating Activities -$2.446M -$2.350M -$8.046M
Capital Expenditures $4.378K -$380.0K $791.6K
Free Cash Flow -$2.450M -$1.970M -$8.838M
YoY Change -8.45% 33.11% 52.06%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2016 dei Entity Registrant Name
EntityRegistrantName
Ideal Power Inc.
CY2016 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2016 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No
CY2016 dei Trading Symbol
TradingSymbol
IPWR
CY2016 ipwr Class Of Warrant Or Right Unvested
ClassOfWarrantOrRightUnvested
0 shares
CY2016Q4 ipwr Common Stock Votes Per Share
CommonStockVotesPerShare
1
CY2015Q4 ipwr Deferred Tax Liabilities Options And Warrants
DeferredTaxLiabilitiesOptionsAndWarrants
46000 USD
CY2016 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2016 dei Entity Filer Category
EntityFilerCategory
Smaller Reporting Company
CY2016Q2 dei Entity Public Float
EntityPublicFloat
35944832 USD
CY2016 dei Amendment Flag
AmendmentFlag
false
CY2016 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2016 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2016 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2016
CY2016 dei Document Period End Date
DocumentPeriodEndDate
2016-12-31
CY2016 dei Document Type
DocumentType
10-K
CY2016 dei Entity Central Index Key
EntityCentralIndexKey
0001507957
CY2017Q1 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
13996782 shares
CY2016 us-gaap Adjustment Of Warrants Granted For Services
AdjustmentOfWarrantsGrantedForServices
0 USD
CY2016 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
3258 USD
CY2016Q4 ipwr Deferred Tax Liabilities Options And Warrants
DeferredTaxLiabilitiesOptionsAndWarrants
50000 USD
CY2016Q4 ipwr Finite Lived License Agreements Liability For Future Payments Noncurrent
FiniteLivedLicenseAgreementsLiabilityForFuturePaymentsNoncurrent
265418 USD
CY2015 ipwr Gross Proceeds From Issuance Of Common Stock
GrossProceedsFromIssuanceOfCommonStock
17250144 USD
CY2015 ipwr Maximum Number Of Issued Patents Per Year
MaximumNumberOfIssuedPatentsPerYear
5 patent
CY2016 ipwr Number Of Patents Issued
NumberOfPatentsIssued
1 patent
CY2015 ipwr Proceeds From Payments For Exercise Of Options And Warrants
ProceedsFromPaymentsForExerciseOfOptionsAndWarrants
653828 USD
CY2016 ipwr Proceeds From Payments For Exercise Of Options And Warrants
ProceedsFromPaymentsForExerciseOfOptionsAndWarrants
35533 USD
CY2016 ipwr Product Warranty Limited Warranty Term
ProductWarrantyLimitedWarrantyTerm
P10Y
CY2015Q2 ipwr Shares Authorized Value
SharesAuthorizedValue
58000000 USD
CY2014Q4 ipwr Shares Authorized Value
SharesAuthorizedValue
75000000 USD
CY2015Q4 ipwr Trade Receivables Current
TradeReceivablesCurrent
803599 USD
CY2016Q4 ipwr Trade Receivables Current
TradeReceivablesCurrent
430278 USD
CY2015Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
1338828 USD
CY2016Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
346767 USD
CY2015Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
888019 USD
CY2016Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
464033 USD
CY2015Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
872874 USD
CY2016Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
378658 USD
CY2015Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
1240093 USD
CY2016Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
1149129 USD
CY2015Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
308779 USD
CY2016Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
581088 USD
CY2015Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
50757414 USD
CY2016Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
52310481 USD
CY2015 us-gaap Adjustment Of Warrants Granted For Services
AdjustmentOfWarrantsGrantedForServices
84900 USD
CY2015 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1384763 USD
CY2016 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1517545 USD
CY2015 us-gaap Adjustments To Additional Paid In Capital Warrant Issued
AdjustmentsToAdditionalPaidInCapitalWarrantIssued
84900 USD
CY2015Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
15145 USD
CY2016Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
85375 USD
CY2015Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
15145 USD
CY2016Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
85375 USD
CY2015 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
30597 USD
CY2016 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
63666 USD
CY2015 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2846325 shares
CY2016 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
3006357 shares
CY2015 us-gaap Asset Impairment Charges
AssetImpairmentCharges
199546 USD
CY2016 us-gaap Asset Impairment Charges
AssetImpairmentCharges
164529 USD
CY2015Q4 us-gaap Assets
Assets
19250154 USD
CY2016Q4 us-gaap Assets
Assets
9001276 USD
CY2015Q4 us-gaap Assets Current
AssetsCurrent
16839524 USD
CY2016Q4 us-gaap Assets Current
AssetsCurrent
6141314 USD
CY2014Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
7912011 USD
CY2016 us-gaap Cost Of Revenue
CostOfRevenue
1939712 USD
CY2015Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
15022286 USD
CY2016Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
4204916 USD
CY2015 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
7110275 USD
CY2016 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-10817370 USD
CY2016Q4 us-gaap Cash Fdic Insured Amount
CashFDICInsuredAmount
250000 USD
CY2015Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2016Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2015Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2015Q4 us-gaap Deferred Tax Assets Derivative Instruments
DeferredTaxAssetsDerivativeInstruments
73000 USD
CY2016Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
9559213 shares
CY2015Q4 us-gaap Common Stock Value
CommonStockValue
9550 USD
CY2016Q4 us-gaap Common Stock Value
CommonStockValue
9561 USD
CY2015 us-gaap Cost Of Revenue
CostOfRevenue
3872672 USD
CY2016Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2015Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
50000000 shares
CY2016Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
50000000 shares
CY2015Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
9550544 shares
CY2016Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
9560896 shares
CY2015Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
9549544 shares
CY2016Q4 us-gaap Deferred Tax Assets Derivative Instruments
DeferredTaxAssetsDerivativeInstruments
73000 USD
CY2015Q4 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
75000 USD
CY2016Q4 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
104000 USD
CY2015Q4 us-gaap Deferred Tax Assets Liabilities Net Noncurrent
DeferredTaxAssetsLiabilitiesNetNoncurrent
0 USD
CY2016Q4 us-gaap Deferred Tax Assets Liabilities Net Noncurrent
DeferredTaxAssetsLiabilitiesNetNoncurrent
0 USD
CY2015Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
0 USD
CY2016Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
0 USD
CY2015Q4 us-gaap Deferred Tax Assets Net Current
DeferredTaxAssetsNetCurrent
0 USD
CY2016Q4 us-gaap Deferred Tax Assets Net Current
DeferredTaxAssetsNetCurrent
0 USD
CY2015Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
8029000 USD
CY2016Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
11319000 USD
CY2016Q4 us-gaap Deferred Tax Assets Property Plant And Equipment
DeferredTaxAssetsPropertyPlantAndEquipment
17000 USD
CY2015Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Foreign
DeferredTaxAssetsTaxCreditCarryforwardsForeign
18000 USD
CY2016Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Foreign
DeferredTaxAssetsTaxCreditCarryforwardsForeign
18000 USD
CY2015Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
511000 USD
CY2016Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
830000 USD
CY2015Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
199000 USD
CY2016Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
136000 USD
CY2015Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Warranty Reserves
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsWarrantyReserves
122000 USD
CY2016Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Warranty Reserves
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsWarrantyReserves
114000 USD
CY2015Q4 us-gaap Deferred Tax Assets Valuation Allowance Current
DeferredTaxAssetsValuationAllowanceCurrent
274000 USD
CY2016Q4 us-gaap Deferred Tax Assets Valuation Allowance Current
DeferredTaxAssetsValuationAllowanceCurrent
240000 USD
CY2015Q4 us-gaap Deferred Tax Assets Valuation Allowance Noncurrent
DeferredTaxAssetsValuationAllowanceNoncurrent
8147000 USD
CY2016Q4 us-gaap Deferred Tax Assets Valuation Allowance Noncurrent
DeferredTaxAssetsValuationAllowanceNoncurrent
11655000 USD
CY2015Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
548000 USD
CY2016Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
666000 USD
CY2015Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
12000 USD
CY2015 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
0 USD
CY2016 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
0 USD
CY2015 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
232852 USD
CY2016 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
406639 USD
CY2015 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-1.23
CY2016 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-1.15
CY2015 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.00
CY2016 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.00
CY2015 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.34
CY2016 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.34
CY2015 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.33
CY2016 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.32
CY2015 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
0.01
CY2016 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
-0.02
CY2015 us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
-0.02
CY2016 us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
0.00
CY2015Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
616029 USD
CY2016Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
519485 USD
CY2015Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
57852 USD
CY2015Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
1524663 USD
CY2016Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
2027074 USD
CY2015Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
1466811 USD
CY2016Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
1905556 USD
CY2015 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-53855 USD
CY2016Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
121518 USD
CY2016Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
870251 USD
CY2016Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
71379 USD
CY2016Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
71379 USD
CY2016Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
71379 USD
CY2016Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
71379 USD
CY2016Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
71379 USD
CY2016 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-47560 USD
CY2015 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
3693450 USD
CY2016 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
3743940 USD
CY2015 us-gaap Gross Profit
GrossProfit
387237 USD
CY2016 us-gaap Gross Profit
GrossProfit
-310972 USD
CY2015 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
145691 USD
CY2016 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
116969 USD
CY2015 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
897192 USD
CY2016 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-992061 USD
CY2015 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
523697 USD
CY2016 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-408841 USD
CY2015 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
466974 USD
CY2016 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-85022 USD
CY2015 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
412698 USD
CY2016 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
679993 USD
CY2015 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
32750 USD
CY2016 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
16238 USD
CY2015 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
31472 USD
CY2016 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
36046 USD
CY2015Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
527785 USD
CY2016Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
941921 USD
CY2015Q4 us-gaap Inventory Gross
InventoryGross
652283 USD
CY2016Q4 us-gaap Inventory Gross
InventoryGross
1305116 USD
CY2015Q4 us-gaap Inventory Net
InventoryNet
648009 USD
CY2016Q4 us-gaap Inventory Net
InventoryNet
1245147 USD
CY2015Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
124498 USD
CY2016Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
363195 USD
CY2015Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
4274 USD
CY2016Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
59969 USD
CY2015 us-gaap Inventory Write Down
InventoryWriteDown
0 USD
CY2016 us-gaap Inventory Write Down
InventoryWriteDown
72823 USD
CY2015 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
212397 USD
CY2016 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
224308 USD
CY2015Q4 us-gaap Liabilities
Liabilities
2578921 USD
CY2016Q4 us-gaap Liabilities
Liabilities
1761314 USD
CY2015Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
19250154 USD
CY2016Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
9001276 USD
CY2015Q4 us-gaap Liabilities Current
LiabilitiesCurrent
2578921 USD
CY2016Q4 us-gaap Liabilities Current
LiabilitiesCurrent
1495896 USD
CY2015Q4 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
0 USD
CY2016Q4 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
265418 USD
CY2015 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
16578233 USD
CY2016 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
32275 USD
CY2015 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1421741 USD
CY2016 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-750992 USD
CY2015 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-8046217 USD
CY2015Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
265768 USD
CY2016Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
293751 USD
CY2015Q4 us-gaap Other Assets Current
OtherAssetsCurrent
68000 USD
CY2016Q4 us-gaap Other Assets Current
OtherAssetsCurrent
71748 USD
CY2016Q4 us-gaap Other Receivables
OtherReceivables
33755 USD
CY2015 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
1325739 USD
CY2015 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
0 USD
CY2016 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-10098653 USD
CY2015 us-gaap Net Income Loss
NetIncomeLoss
-10440643 USD
CY2016 us-gaap Net Income Loss
NetIncomeLoss
-10981091 USD
CY2015 us-gaap Operating Expenses
OperatingExpenses
10859352 USD
CY2016 us-gaap Operating Expenses
OperatingExpenses
10706165 USD
CY2015 us-gaap Operating Income Loss
OperatingIncomeLoss
-10472115 USD
CY2016 us-gaap Operating Income Loss
OperatingIncomeLoss
-11017137 USD
CY2016Q4 us-gaap Other Commitment
OtherCommitment
232225 USD
CY2016Q4 us-gaap Other Commitment Due In Next Twelve Months
OtherCommitmentDueInNextTwelveMonths
163489 USD
CY2016Q4 us-gaap Other Commitment Due In Second Year
OtherCommitmentDueInSecondYear
68736 USD
CY2015Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
17920 USD
CY2016Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
17920 USD
CY2015Q4 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
59874 USD
CY2016Q4 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
68682 USD
CY2015Q4 us-gaap Other Receivables
OtherReceivables
84420 USD
CY2016 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
3258 USD
CY2015 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
630136 USD
CY2016 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
359904 USD
CY2015 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
791605 USD
CY2016 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
391088 USD
CY2015Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
296355 USD
CY2016Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
312593 USD
CY2015Q4 us-gaap Prepaid Insurance
PrepaidInsurance
168481 USD
CY2016Q4 us-gaap Prepaid Insurance
PrepaidInsurance
172163 USD
CY2015 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
15924405 USD
CY2016 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 USD
CY2016 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
35533 USD
CY2014Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
143364 USD
CY2015Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
358296 USD
CY2016Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
335893 USD
CY2015 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
20445 USD
CY2016 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
244811 USD
CY2015 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
235377 USD
CY2016 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
222408 USD
CY2015Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1234678 USD
CY2016Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1517574 USD
CY2015Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
925899 USD
CY2016Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
936486 USD
CY2015 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
97344 USD
CY2016 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
85375 USD
CY2015 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
5521390 USD
CY2016 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
5224992 USD
CY2015Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-34093074 USD
CY2016Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-45074165 USD
CY2015 us-gaap Revenues
Revenues
4259909 USD
CY2016 us-gaap Revenues
Revenues
1628740 USD
CY2015 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
1644512 USD
CY2016 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
1737233 USD
CY2015 us-gaap Share Based Compensation
ShareBasedCompensation
1384763 USD
CY2016 us-gaap Share Based Compensation
ShareBasedCompensation
1517545 USD
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.60
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.55
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0174
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0155
CY2015 us-gaap Standard Product Warranty Accrual Preexisting Increase Decrease
StandardProductWarrantyAccrualPreexistingIncreaseDecrease
0 USD
CY2016 us-gaap Standard Product Warranty Accrual Preexisting Increase Decrease
StandardProductWarrantyAccrualPreexistingIncreaseDecrease
116448 USD
CY2015 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
2225825 shares
CY2015 us-gaap Stock Issued During Period Shares Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodSharesRestrictedStockAwardNetOfForfeitures
10000 shares
CY2015 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
265484 shares
CY2016 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
10352 shares
CY2015 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
15924405 USD
CY2015 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
0 USD
CY2015 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
653828 USD
CY2016 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
35533 USD
CY2014Q4 us-gaap Stockholders Equity
StockholdersEquity
9063980 USD
CY2015Q4 us-gaap Stockholders Equity
StockholdersEquity
16671233 USD
CY2016Q4 us-gaap Stockholders Equity
StockholdersEquity
7239962 USD
CY2015Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
1000 shares
CY2016Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
1683 shares
CY2015Q4 us-gaap Treasury Stock Value
TreasuryStockValue
2657 USD
CY2016Q4 us-gaap Treasury Stock Value
TreasuryStockValue
5915 USD
CY2015Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 USD
CY2016Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 USD
CY2015Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
0 USD
CY2016Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
0 USD
CY2015 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
8495735 shares
CY2016 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
9548381 shares
CY2016 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">Concentration of Credit Risk</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-indent:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Financial instruments that potentially subject the Company to concentrations of credit risk consist primarily of cash and cash equivalents and accounts receivable. 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 </font><font style="font-family:inherit;font-size:10pt;">$250,000</font><font style="font-family:inherit;font-size:10pt;">. 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.</font></div><div style="line-height:120%;text-indent:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-indent:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company encounters a certain amount of risk as a result of a concentration of revenue from a few significant customers. Credit is extended to customers based on an evaluation of their financial condition. In limited instances, the Company may require an upfront deposit and, in most cases, the Company charges interest on past due amounts. The Company performs ongoing credit evaluations of its customers and records an allowance for potential bad debts based on available information.</font></div></div>
CY2016 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">Reclassifications</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-indent:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Certain items in prior financial statements have been reclassified to conform to current year presentation. These changes did not impact total revenue, loss from operations or net loss.</font></div></div>

Files In Submission

Name View Source Status
0001507957-17-000011-index-headers.html Edgar Link pending
0001507957-17-000011-index.html Edgar Link pending
0001507957-17-000011.txt Edgar Link pending
0001507957-17-000011-xbrl.zip Edgar Link pending
fig2standalonestorage.jpg Edgar Link pending
fig3pvstorage.jpg Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
idealpower201610-k.htm Edgar Link pending
image_001.jpg Edgar Link pending
ipwr-20161231.xml Edgar Link completed
ipwr-20161231.xsd Edgar Link pending
ipwr-20161231_cal.xml Edgar Link unprocessable
ipwr-20161231_def.xml Edgar Link unprocessable
ipwr-20161231_lab.xml Edgar Link unprocessable
ipwr-20161231_pre.xml Edgar Link unprocessable
ipwr201610-kexhibit311.htm Edgar Link pending
ipwr201610-kexhibit312.htm Edgar Link pending
ipwr201610-kexhibit321.htm 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
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.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