$PRKR
PARKERVISION INC

2019 Q2 Form 10-Q Financial Statement

#000091413919000029 Filed on May 15, 2019

View on sec.gov

Income Statement

Concept 2019 Q2 2019 Q1 2018 Q1
Revenue $25.00K $10.00K $77.00K
YoY Change -37.5% -87.01%
Cost Of Revenue $25.00K $10.00K $53.00K
YoY Change -64.29% -81.13%
Gross Profit $24.00K
YoY Change
Gross Profit Margin 31.17%
Selling, General & Admin $1.851M $2.156M $2.977M
YoY Change -36.17% -27.58% -11.4%
% of Gross Profit 12404.17%
Research & Development $334.0K $874.0K
YoY Change -61.78% -45.38%
% of Gross Profit 3641.67%
Depreciation & Amortization $199.0K $212.0K $320.0K
YoY Change -35.81% -33.75% -3.03%
% of Gross Profit 1333.33%
Operating Expenses $1.851M $2.490M $3.851M
YoY Change -52.66% -35.34% -22.36%
Operating Profit -$1.851M -$2.490M -$3.827M
YoY Change -53.14% -34.94% -22.84%
Interest Expense $76.00K $62.00K $16.00K
YoY Change -480.0% 287.5% -180.0%
% of Operating Profit
Other Income/Expense, Net $289.0K $396.0K -$463.0K
YoY Change -153.52% -185.53% -372.35%
Pretax Income -$1.562M -$2.094M -$4.290M
YoY Change -65.21% -51.19% -10.81%
Income Tax
% Of Pretax Income
Net Earnings -$1.562M -$2.094M -$4.290M
YoY Change -65.21% -51.19% -10.81%
Net Earnings / Revenue -6248.0% -20940.0% -5571.43%
Basic Earnings Per Share
Diluted Earnings Per Share -$50.57K -$71.75K -$192.5K
COMMON SHARES
Basic Shares Outstanding 30.64M
Diluted Shares Outstanding

Balance Sheet

Concept 2019 Q2 2019 Q1 2018 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $63.00K $375.0K $80.00K
YoY Change -30.0% 368.75% -98.66%
Cash & Equivalents $63.00K $375.0K $270.0K
Short-Term Investments $10.00K
Other Short-Term Assets $687.0K $10.00K $1.010M
YoY Change -31.98% -99.01% -56.65%
Inventory $58.00K $84.00K $1.220M
Prepaid Expenses $526.0K
Receivables $1.000K $2.000K $10.00K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $809.0K $1.053M $2.320M
YoY Change -65.13% -54.61% -72.58%
LONG-TERM ASSETS
Property, Plant & Equipment $460.0K $115.0K $340.0K
YoY Change 48.39% -66.18% 30.77%
Goodwill
YoY Change
Intangibles $3.725M
YoY Change
Long-Term Investments
YoY Change
Other Assets $16.00K $16.00K $20.00K
YoY Change -20.0% -20.0%
Total Long-Term Assets $3.817M $4.321M $5.160M
YoY Change -21.14% -16.26% -17.44%
TOTAL ASSETS
Total Short-Term Assets $809.0K $1.053M $2.320M
Total Long-Term Assets $3.817M $4.321M $5.160M
Total Assets $4.626M $5.374M $7.480M
YoY Change -35.39% -28.16% -49.15%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.087M $965.0K $960.0K
YoY Change -15.08% 0.52% 68.42%
Accrued Expenses $1.987M $1.634M $2.180M
YoY Change -22.98% -25.05% 56.83%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $1.933M $1.677M $400.0K
YoY Change 408.68% 319.25% -51.81%
Total Short-Term Liabilities $5.007M $4.276M $3.560M
YoY Change 18.09% 20.11% 25.35%
LONG-TERM LIABILITIES
Long-Term Debt $3.198M $2.869M $430.0K
YoY Change 661.43% 567.21%
Other Long-Term Liabilities $25.11M $25.51M $16.41M
YoY Change 36.16% 55.45% 17.05%
Total Long-Term Liabilities $28.31M $28.38M $16.84M
YoY Change 50.08% 68.52% 20.11%
TOTAL LIABILITIES
Total Short-Term Liabilities $5.007M $4.276M $3.560M
Total Long-Term Liabilities $28.31M $28.38M $16.84M
Total Liabilities $33.31M $32.65M $20.40M
YoY Change 44.15% 60.07% 21.07%
SHAREHOLDERS EQUITY
Retained Earnings -$394.4M
YoY Change
Common Stock $365.7M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$28.69M -$27.28M -$12.92M
YoY Change
Total Liabilities & Shareholders Equity $4.626M $5.374M $7.480M
YoY Change -35.39% -28.16% -49.15%

Cashflow Statement

Concept 2019 Q2 2019 Q1 2018 Q1
OPERATING ACTIVITIES
Net Income -$1.562M -$2.094M -$4.290M
YoY Change -65.21% -51.19% -10.81%
Depreciation, Depletion And Amortization $199.0K $212.0K $320.0K
YoY Change -35.81% -33.75% -3.03%
Cash From Operating Activities -$877.0K -$1.673M -$3.351M
YoY Change -68.45% -50.07% -18.07%
INVESTING ACTIVITIES
Capital Expenditures -$9.000K -$8.000K $5.000K
YoY Change -260.0% -112.5%
Acquisitions
YoY Change
Other Investing Activities $9.000K $14.00K $20.00K
YoY Change -10.0% -30.0% -100.42%
Cash From Investing Activities $0.00 $6.000K $15.00K
YoY Change -60.0% -100.31%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $800.0K
YoY Change
Cash From Financing Activities 565.0K 515.0K 2.252M
YoY Change -78.27% -77.13% -76.78%
NET CHANGE
Cash From Operating Activities -877.0K -1.673M -3.351M
Cash From Investing Activities 0.000 6.000K 15.00K
Cash From Financing Activities 565.0K 515.0K 2.252M
Net Change In Cash -312.0K -1.152M -1.084M
YoY Change 73.33% 6.27% -242.63%
FREE CASH FLOW
Cash From Operating Activities -$877.0K -$1.673M -$3.351M
Capital Expenditures -$9.000K -$8.000K $5.000K
Free Cash Flow -$868.0K -$1.665M -$3.356M
YoY Change -68.78% -50.39% -17.14%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2018Q4 prkr Prepaid Bonds
PrepaidBonds
199000
CY2018Q4 prkr Prepaid Retainers For Services
PrepaidRetainersForServices
252000
CY2019Q1 prkr Prepaid Retainers For Services
PrepaidRetainersForServices
260000
CY2018Q1 prkr Increase Decrease In Lease Payable
IncreaseDecreaseInLeasePayable
-6000
CY2019Q1 prkr Prepaid License
PrepaidLicense
39000
CY2019Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2019Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2019Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2019
CY2019Q1 dei Document Period End Date
DocumentPeriodEndDate
2019-03-31
CY2019Q1 dei Document Type
DocumentType
10-Q
CY2019Q1 dei Amendment Flag
AmendmentFlag
false
CY2019Q1 dei Entity Central Index Key
EntityCentralIndexKey
0000914139
CY2019Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
30637591
CY2019Q1 dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
CY2019Q1 dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
CY2019Q1 dei Entity Registrant Name
EntityRegistrantName
PARKERVISION INC
CY2019Q1 dei Entity Small Business
EntitySmallBusiness
true
CY2019Q1 dei Trading Symbol
TradingSymbol
prkr
CY2018Q4 prkr Accrued Court Costs Current
AccruedCourtCostsCurrent
115000
CY2019Q1 prkr Accrued Court Costs Current
AccruedCourtCostsCurrent
230000
CY2018 prkr Debt Instrument Change In Fair Value
DebtInstrumentChangeInFairValue
5661000
CY2019Q1 prkr Debt Instrument Change In Fair Value
DebtInstrumentChangeInFairValue
-458000
CY2018Q1 prkr Gain Loss Contingent Payment Obligation
GainLossContingentPaymentObligation
-449000
CY2019Q1 prkr Gain Loss Contingent Payment Obligation
GainLossContingentPaymentObligation
458000
CY2019Q1 prkr Increase Decrease In Lease Payable
IncreaseDecreaseInLeasePayable
-119000
CY2019Q1 prkr Issuance Of Common Stock Upon Exercise Of Options And Warrants
IssuanceOfCommonStockUponExerciseOfOptionsAndWarrants
15000
CY2019Q1 prkr Net Working Capital
NetWorkingCapital
-3200000
CY2019Q1 prkr Noncash Lease Expense
NoncashLeaseExpense
-98000
CY2019Q1 prkr Proceeds From Warrant And Stock Option Exercised
ProceedsFromWarrantAndStockOptionExercised
15000
CY2018Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
655000
CY2019Q1 us-gaap Accounts Payable Current
AccountsPayableCurrent
965000
CY2018Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
2000
CY2019Q1 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
2000
CY2018Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
493000
CY2018Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
364885000
CY2019Q1 prkr Prepaid Bonds
PrepaidBonds
199000
CY2018Q4 prkr Prepaid License
PrepaidLicense
51000
CY2018Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
321000
CY2018Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
6331000
CY2018Q1 us-gaap Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
939000
CY2019Q1 us-gaap Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
421000
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1354000
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1527000
CY2019Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
375000
CY2019Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-1152000
CY2019Q1 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
531000
CY2018Q4 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
122000
CY2019Q1 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
83000
CY2019Q1 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
365385000
CY2018Q1 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
363000
CY2019Q1 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
67000
CY2018Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1823000
CY2018Q1 us-gaap Share Based Compensation
ShareBasedCompensation
363000
CY2019Q1 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2018Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2019Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2018Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
75000000
CY2019Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
75000000
CY2019Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
20626000
CY2018Q4 us-gaap Assets
Assets
6331000
CY2019Q1 us-gaap Assets
Assets
5374000
CY2018Q4 us-gaap Assets Current
AssetsCurrent
2285000
CY2019Q1 us-gaap Assets Current
AssetsCurrent
1053000
CY2018Q4 us-gaap Assets Held For Sale Not Part Of Disposal Group Current
AssetsHeldForSaleNotPartOfDisposalGroupCurrent
65000
CY2019Q1 us-gaap Assets Held For Sale Not Part Of Disposal Group Current
AssetsHeldForSaleNotPartOfDisposalGroupCurrent
56000
CY2018Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1527000
CY2019Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
375000
CY2019Q1 us-gaap Cash Cash Equivalents And Short Term Investments
CashCashEquivalentsAndShortTermInvestments
400000
CY2018Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
270000
CY2018Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-1084000
CY2018Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2018Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
28677000
CY2019Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
30638000
CY2018Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
28677000
CY2019Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
30638000
CY2018Q4 us-gaap Common Stock Value
CommonStockValue
287000
CY2019Q1 us-gaap Common Stock Value
CommonStockValue
306000
CY2019Q1 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-2094000
CY2018Q4 us-gaap Convertible Debt Noncurrent
ConvertibleDebtNoncurrent
837000
CY2019Q1 us-gaap Convertible Debt Noncurrent
ConvertibleDebtNoncurrent
2093000
CY2018Q1 us-gaap Cost Of Revenue
CostOfRevenue
53000
CY2019Q1 us-gaap Cost Of Revenue
CostOfRevenue
10000
CY2018Q4 us-gaap Cumulative Effect Of New Accounting Principle In Period Of Adoption
CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption
-38000
CY2019Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
212000
CY2018Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.19
CY2019Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.07
CY2018Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-202000
CY2019Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
557000
CY2018Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-195000
CY2019Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-56000
CY2019Q1 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
2000
CY2019Q1 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
1000
CY2019Q1 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
1000
CY2019Q1 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
2000
CY2019Q1 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0870
CY2019Q1 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P1Y
CY2018Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
14448000
CY2019Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
14634000
CY2018Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
18350000
CY2019Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
18359000
CY2018Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
3902000
CY2019Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
3725000
CY2019Q1 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
6000
CY2018Q1 us-gaap Gross Profit
GrossProfit
24000
CY2018Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-18000
CY2018Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
199000
CY2019Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-14000
CY2018Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
3902000
CY2019Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
3725000
CY2018Q1 us-gaap Interest And Other Income
InterestAndOtherIncome
2000
CY2018Q1 us-gaap Interest Expense
InterestExpense
16000
CY2019Q1 us-gaap Interest Expense
InterestExpense
62000
CY2018Q4 us-gaap Inventory Net
InventoryNet
98000
CY2019Q1 us-gaap Inventory Net
InventoryNet
84000
CY2018Q1 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-463000
CY2019Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
799000
CY2019Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
4000
CY2019Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
166000
CY2019Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
176000
CY2019Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
185000
CY2019Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
268000
CY2019Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
666000
CY2018Q4 us-gaap Liabilities
Liabilities
31641000
CY2019Q1 us-gaap Liabilities
Liabilities
32654000
CY2019Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
5374000
CY2018Q4 us-gaap Liabilities Current
LiabilitiesCurrent
4356000
CY2019Q1 us-gaap Liabilities Current
LiabilitiesCurrent
4276000
CY2018Q4 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
27285000
CY2019Q1 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
28378000
CY2018Q4 us-gaap Long Term Notes Payable
LongTermNotesPayable
799000
CY2019Q1 us-gaap Long Term Notes Payable
LongTermNotesPayable
776000
CY2019Q1 us-gaap Nature Of Operations
NatureOfOperations
<div> <div style="margin-left:0pt;margin-right:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 12pt"> <font style="display: inline;font-weight:bold;font-size:12pt;">&#xFEFF;</font> </p> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 11pt"> <font style="display: inline;font-weight:bold;font-size:11pt;">1.&nbsp;&nbsp;Description of Business</font> </p> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 11pt"> <font style="display: inline;font-size:11pt;">&#xFEFF;</font> </p> <p style="margin:0pt;font-family:Times New Roman;font-size: 11pt"> <font style="display: inline;font-size:11pt;">ParkerVision, Inc. and its wholly-owned German subsidiary, ParkerVision GmbH (collectively &#x201C;ParkerVision&#x201D;, &#x201C;we&#x201D; or the &#x201C;Company&#x201D;) is </font><font style="display: inline;font-size:11pt;">in the business of innovating fundamental wireless technologies and products. We have designed and developed a distributed WiFi product line for consumers and small businesses that is being marketed under the brand name Milo&#xAE;. We have also designed and developed proprietary radio frequency (&#x201C;</font><font style="display: inline;font-style:italic;font-size:11pt;">RF</font><font style="display: inline;font-size:11pt;">&#x201D;) technologies and integrated circuits for use in wireless communication products. We have expended significant financial and other resources to research and develop our RF technologies and to obtain patent protection for those technologies in the United States and certain foreign jurisdictions. We believe certain patents protecting&nbsp;our&nbsp;proprietary technologies have been broadly infringed by others and therefore our business plan includes enforcement of our intellectual property rights through patent infringement litigation and licensing efforts.</font> </p> <p style="margin:0pt;font-family:Times New Roman;font-size: 11pt"> <font style="display: inline;font-size:11pt;">&#xFEFF;</font> </p> <p style="margin:0pt;font-family:Times New Roman;font-size: 11pt"> <font style="display: inline;font-size:11pt;">We restructured our operations during the third quarter of 2018 in order to reduce operating expenses in light of our limited capital resources.&nbsp;&nbsp;Our primary business is to support and defend the investments we have made in developing and protecting our technologies by focusing on our patent enforcement program.&nbsp;&nbsp;We have made significant investments in developing and protecting our technologies and products, the returns on which are dependent upon the generation of future revenues for realization. </font> </p> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;">&#xFEFF;</font> </p> <p><font size="1"> </font></p> </div> </div>
CY2018Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
2252000
CY2018Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
15000
CY2019Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
6000
CY2018Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-3351000
CY2018Q1 us-gaap Net Income Loss
NetIncomeLoss
-4290000
CY2019Q1 us-gaap Net Income Loss
NetIncomeLoss
-2094000
CY2018Q1 us-gaap Nonoperating Gains Losses
NonoperatingGainsLosses
-449000
CY2019Q1 us-gaap Nonoperating Gains Losses
NonoperatingGainsLosses
458000
CY2019Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
515000
CY2019Q1 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
396000
CY2018Q4 us-gaap Notes Payable
NotesPayable
3236000
CY2019Q1 us-gaap Notes Payable
NotesPayable
2453000
CY2018Q4 us-gaap Notes Payable Current
NotesPayableCurrent
2437000
CY2019Q1 us-gaap Notes Payable Current
NotesPayableCurrent
1677000
CY2019Q1 us-gaap Notes Payable Fair Value Disclosure
NotesPayableFairValueDisclosure
25100000
CY2018Q4 us-gaap Notes Payable Related Parties Classified Current
NotesPayableRelatedPartiesClassifiedCurrent
37000
CY2019Q1 us-gaap Notes Payable Related Parties Classified Current
NotesPayableRelatedPartiesClassifiedCurrent
77000
CY2018Q4 us-gaap Notes Payable Related Parties Noncurrent
NotesPayableRelatedPartiesNoncurrent
799000
CY2019Q1 us-gaap Notes Payable Related Parties Noncurrent
NotesPayableRelatedPartiesNoncurrent
776000
CY2018Q1 us-gaap Operating Expenses
OperatingExpenses
3851000
CY2019Q1 us-gaap Operating Expenses
OperatingExpenses
2490000
CY2019Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
100000
CY2019Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
133000
CY2018Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
86000
CY2019Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
256000
CY2018Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
91000
CY2019Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
410000
CY2019Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
144000
CY2019Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
465000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
100000
CY2019Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.1090
CY2019Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P1Y7M6D
CY2018Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
448000
CY2019Q1 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
534000
CY2018Q4 us-gaap Other Assets Current
OtherAssetsCurrent
55000
CY2019Q1 us-gaap Other Assets Current
OtherAssetsCurrent
10000
CY2018Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
15000
CY2019Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
16000
CY2018Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
CY2019Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
CY2018Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
1000
CY2018Q4 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
17000
CY2018Q1 us-gaap Revenues
Revenues
77000
CY2019Q1 us-gaap Revenues
Revenues
10000
CY2019Q1 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
14000
CY2018Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
129000
CY2019Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
115000
CY2019Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
800000
CY2018Q1 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
874000
CY2019Q1 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
334000
CY2018Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-392292000
CY2019Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-394424000
CY2019Q1 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
8000
CY2018Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
5000
CY2018Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
538000
CY2019Q1 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
526000
CY2018Q4 us-gaap Prepaid Insurance
PrepaidInsurance
19000
CY2018 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
4000000
CY2019Q1 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
1300000
CY2018Q1 us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
2252000
CY2018Q1 us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
20000
CY2019Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
563000
CY2017Q4 us-gaap Secured Debt
SecuredDebt
15896000
CY2018Q4 us-gaap Secured Debt
SecuredDebt
25557000
CY2019Q1 us-gaap Secured Debt
SecuredDebt
25099000
CY2018Q4 us-gaap Secured Debt Current
SecuredDebtCurrent
2400000
CY2019Q1 us-gaap Secured Debt Current
SecuredDebtCurrent
1600000
CY2018Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
2977000
CY2019Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
2156000
CY2019Q1 us-gaap Share Based Compensation
ShareBasedCompensation
67000
CY2018Q4 us-gaap Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
1810000
CY2019Q1 us-gaap Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
1453000
CY2018Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
22292000
CY2019Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
29186000
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
-11244000
CY2018Q1 us-gaap Stockholders Equity
StockholdersEquity
-12919000
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
-25310000
CY2019Q1 us-gaap Stockholders Equity
StockholdersEquity
-27280000
CY2019Q1 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities Net Of Adjustments
StockIssuedDuringPeriodValueConversionOfConvertibleSecuritiesNetOfAdjustments
80000
CY2018Q1 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
2252000
CY2018Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
363000
CY2019Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
67000

Files In Submission

Name View Source Status
0000914139-19-000029-index-headers.html Edgar Link pending
0000914139-19-000029-index.html Edgar Link pending
0000914139-19-000029.txt Edgar Link pending
0000914139-19-000029-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
prkr-20190331.xml Edgar Link completed
prkr-20190331.xsd Edgar Link pending
prkr-20190331x10q.htm Edgar Link pending
prkr-20190331xex31_1.htm Edgar Link pending
prkr-20190331xex31_2.htm Edgar Link pending
prkr-20190331xex32_1.htm Edgar Link pending
prkr-20190331_cal.xml Edgar Link unprocessable
prkr-20190331_def.xml Edgar Link unprocessable
prkr-20190331_lab.xml Edgar Link unprocessable
prkr-20190331_pre.xml Edgar Link unprocessable
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
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