2015 Q1 Form 10-Q Financial Statement
#000114420415029729 Filed on May 12, 2015
Income Statement
Concept | 2015 Q1 | 2014 Q1 |
---|---|---|
Revenue | $809.2K | $798.4K |
YoY Change | 1.34% | 8.01% |
Cost Of Revenue | $630.8K | $450.2K |
YoY Change | 40.11% | 33.45% |
Gross Profit | $178.3K | $348.2K |
YoY Change | -48.78% | -13.35% |
Gross Profit Margin | 22.04% | 43.61% |
Selling, General & Admin | $3.292M | $844.2K |
YoY Change | 290.01% | 22.09% |
% of Gross Profit | 1846.24% | 242.47% |
Research & Development | $514.7K | $397.4K |
YoY Change | 29.51% | 25.1% |
% of Gross Profit | 288.62% | 114.15% |
Depreciation & Amortization | $59.64K | $99.71K |
YoY Change | -40.18% | 1.38% |
% of Gross Profit | 33.44% | 28.64% |
Operating Expenses | $3.867M | $1.341M |
YoY Change | 188.28% | 21.12% |
Operating Profit | -$3.688M | -$993.2K |
YoY Change | 271.39% | 40.74% |
Interest Expense | $51.50K | $38.49K |
YoY Change | 33.8% | -78.6% |
% of Operating Profit | ||
Other Income/Expense, Net | -$1.402M | $2.505M |
YoY Change | -155.98% | -1186.21% |
Pretax Income | -$5.091M | $1.512M |
YoY Change | -436.72% | -261.48% |
Income Tax | $0.00 | $0.00 |
% Of Pretax Income | 0.0% | |
Net Earnings | -$5.091M | $1.512M |
YoY Change | -436.72% | -261.48% |
Net Earnings / Revenue | -629.16% | 189.36% |
Basic Earnings Per Share | -$0.40 | $0.15 |
Diluted Earnings Per Share | -$0.40 | $0.13 |
COMMON SHARES | ||
Basic Shares Outstanding | 13.56M shares | 9.972M shares |
Diluted Shares Outstanding | 13.56M shares | 11.52M shares |
Balance Sheet
Concept | 2015 Q1 | 2014 Q1 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $22.90M | $300.0K |
YoY Change | 7533.33% | -40.0% |
Cash & Equivalents | $22.88M | $271.8K |
Short-Term Investments | ||
Other Short-Term Assets | $400.0K | $100.0K |
YoY Change | 300.0% | -66.67% |
Inventory | $1.000M | $1.036M |
Prepaid Expenses | ||
Receivables | $300.0K | $187.8K |
Other Receivables | $0.00 | $0.00 |
Total Short-Term Assets | $24.50M | $1.560M |
YoY Change | 1470.33% | -8.22% |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $400.0K | $415.8K |
YoY Change | -3.8% | -30.7% |
Goodwill | ||
YoY Change | ||
Intangibles | $494.7K | |
YoY Change | ||
Long-Term Investments | ||
YoY Change | ||
Other Assets | $101.1K | |
YoY Change | ||
Total Long-Term Assets | $1.700M | $1.432M |
YoY Change | 18.74% | 2.26% |
TOTAL ASSETS | ||
Total Short-Term Assets | $24.50M | $1.560M |
Total Long-Term Assets | $1.700M | $1.432M |
Total Assets | $26.20M | $2.992M |
YoY Change | 775.7% | -3.49% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $800.0K | $2.274M |
YoY Change | -64.82% | -28.94% |
Accrued Expenses | $700.0K | $540.6K |
YoY Change | 29.49% | -32.43% |
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | $0.00 | $200.0K |
YoY Change | -100.0% | -60.0% |
Long-Term Debt Due | $80.10K | $99.32K |
YoY Change | -19.35% | -92.36% |
Total Short-Term Liabilities | $1.700M | $3.397M |
YoY Change | -49.95% | -48.54% |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $1.077M | $168.3K |
YoY Change | 539.77% | -90.1% |
Other Long-Term Liabilities | $300.0K | $8.400M |
YoY Change | -96.43% | 366.67% |
Total Long-Term Liabilities | $1.077M | $8.558M |
YoY Change | -87.42% | 144.52% |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $1.700M | $3.397M |
Total Long-Term Liabilities | $1.077M | $8.558M |
Total Liabilities | $3.100M | $11.95M |
YoY Change | -74.07% | 18.36% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | -$34.78M | |
YoY Change | ||
Common Stock | $10.24K | |
YoY Change | ||
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | ||
YoY Change | ||
Treasury Stock Shares | ||
Shareholders Equity | $23.10M | -$8.963M |
YoY Change | ||
Total Liabilities & Shareholders Equity | $26.20M | $2.992M |
YoY Change | 775.7% | -3.49% |
Cashflow Statement
Concept | 2015 Q1 | 2014 Q1 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | -$5.091M | $1.512M |
YoY Change | -436.72% | -261.48% |
Depreciation, Depletion And Amortization | $59.64K | $99.71K |
YoY Change | -40.18% | 1.38% |
Cash From Operating Activities | -$2.748M | -$1.073M |
YoY Change | 156.03% | 314.4% |
INVESTING ACTIVITIES | ||
Capital Expenditures | $18.31K | $57.01K |
YoY Change | -67.88% | 529.86% |
Acquisitions | ||
YoY Change | ||
Other Investing Activities | ||
YoY Change | ||
Cash From Investing Activities | -$26.22K | -$348.9K |
YoY Change | -92.49% | 1184.04% |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | ||
YoY Change | ||
Debt Paid & Issued, Net | $100.8K | $55.50K |
YoY Change | 81.64% | -53.54% |
Cash From Financing Activities | $25.57M | $1.384M |
YoY Change | 1747.95% | 84.02% |
NET CHANGE | ||
Cash From Operating Activities | -$2.748M | -$1.073M |
Cash From Investing Activities | -$26.22K | -$348.9K |
Cash From Financing Activities | $25.57M | $1.384M |
Net Change In Cash | $22.80M | -$38.33K |
YoY Change | -59584.82% | -108.23% |
FREE CASH FLOW | ||
Cash From Operating Activities | -$2.748M | -$1.073M |
Capital Expenditures | $18.31K | $57.01K |
Free Cash Flow | -$2.766M | -$1.130M |
YoY Change | 144.73% | 321.68% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2014Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
416965 | USD |
CY2015Q1 | us-gaap |
Notes Payable
NotesPayable
|
0 | USD |
CY2015Q1 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
80097 | USD |
CY2015Q1 | us-gaap |
Capital Lease Obligations Current
CapitalLeaseObligationsCurrent
|
11629 | USD |
CY2015Q1 | us-gaap |
Customer Deposits Current
CustomerDepositsCurrent
|
19057 | USD |
CY2015Q1 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
1077009 | USD |
CY2014Q4 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
1088996 | USD |
CY2014Q4 | us-gaap |
Assets Current
AssetsCurrent
|
1959449 | USD |
CY2015Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-5090852 | USD |
CY2015Q1 | us-gaap |
Operating Expenses
OperatingExpenses
|
3866799 | USD |
CY2014Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-993150 | USD |
CY2015Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-3688466 | USD |
CY2015Q1 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.001 | |
CY2014Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.001 | |
CY2015Q1 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
5000000 | shares |
CY2014Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
5000000 | shares |
CY2015Q1 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
49626 | shares |
CY2015Q1 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
49626 | shares |
CY2014Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
CY2015Q1 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.001 | |
CY2014Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.001 | |
CY2015Q1 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
100000000 | shares |
CY2014Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
100000000 | shares |
CY2015Q1 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
15865141 | shares |
CY2014Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
11295387 | shares |
CY2015Q1 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
15865141 | shares |
CY2014Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
11295387 | shares |
CY2015Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
113084 | USD |
CY2015Q1 | us-gaap |
Sales Revenue Goods Net
SalesRevenueGoodsNet
|
695574 | USD |
CY2014Q1 | us-gaap |
Sales Revenue Net
SalesRevenueNet
|
798418 | USD |
CY2014Q1 | us-gaap |
Cost Of Goods Sold
CostOfGoodsSold
|
390649 | USD |
CY2015Q1 | us-gaap |
Cost Of Goods Sold
CostOfGoodsSold
|
585390 | USD |
CY2014Q1 | us-gaap |
Cost Of Services
CostOfServices
|
59600 | USD |
CY2015Q1 | us-gaap |
Cost Of Services
CostOfServices
|
45432 | USD |
CY2014Q1 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
450249 | USD |
CY2015Q1 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
630822 | USD |
CY2014Q1 | us-gaap |
Gross Profit
GrossProfit
|
348169 | USD |
CY2015Q1 | us-gaap |
Gross Profit
GrossProfit
|
178333 | USD |
CY2014Q1 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
397422 | USD |
CY2015Q1 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
514707 | USD |
CY2014Q1 | us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
364555 | USD |
CY2015Q1 | us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
357547 | USD |
CY2014Q1 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
479637 | USD |
CY2015Q1 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
2934907 | USD |
CY2014Q1 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
99705 | USD |
CY2015Q1 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
59638 | USD |
CY2014Q1 | us-gaap |
Operating Expenses
OperatingExpenses
|
1341319 | USD |
CY2015Q1 | vuzi |
Class Of Warrant Or Right Exercised In Period
ClassOfWarrantOrRightExercisedInPeriod
|
4699017 | shares |
CY2014Q1 | us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
-3951 | USD |
CY2015Q1 | us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
5271 | USD |
CY2014Q1 | us-gaap |
Interest Expense
InterestExpense
|
38487 | USD |
CY2015Q1 | us-gaap |
Interest Expense
InterestExpense
|
51496 | USD |
CY2014Q1 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
2505056 | USD |
CY2015Q1 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-1402386 | USD |
CY2014Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
1511906 | USD |
CY2015Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
-5090852 | USD |
CY2014Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | USD |
CY2015Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | USD |
CY2014Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
1511906 | USD |
CY2014Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.15 | |
CY2015Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.40 | |
CY2014Q1 | us-gaap |
Depreciation
Depreciation
|
99705 | USD |
CY2015Q1 | us-gaap |
Depreciation
Depreciation
|
59639 | USD |
CY2014Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
19347 | USD |
CY2015Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
113084 | USD |
CY2014Q1 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-27130 | USD |
CY2015Q1 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-128407 | USD |
CY2014Q1 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
82047 | USD |
CY2015Q1 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
101518 | USD |
CY2014Q1 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-136026 | USD |
CY2015Q1 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-164821 | USD |
CY2014Q1 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-146719 | USD |
CY2015Q1 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-1355578 | USD |
CY2014Q1 | us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
-13700 | USD |
CY2015Q1 | us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
-25330 | USD |
CY2014Q1 | us-gaap |
Increase Decrease In Customer Deposits
IncreaseDecreaseInCustomerDeposits
|
-72409 | USD |
CY2015Q1 | us-gaap |
Increase Decrease In Customer Deposits
IncreaseDecreaseInCustomerDeposits
|
-101493 | USD |
CY2014Q1 | us-gaap |
Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
10678 | USD |
CY2015Q1 | us-gaap |
Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
-6060 | USD |
CY2014Q1 | us-gaap |
Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
|
5708 | USD |
CY2015Q1 | us-gaap |
Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
|
22470 | USD |
CY2014Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-1073311 | USD |
CY2015Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-2747955 | USD |
CY2014Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
57009 | USD |
CY2015Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
18310 | USD |
CY2014Q1 | us-gaap |
Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
|
11305 | USD |
CY2015Q1 | us-gaap |
Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
|
7909 | USD |
CY2014Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-348899 | USD |
CY2015Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-26219 | USD |
CY2014Q1 | us-gaap |
Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
|
0 | USD |
CY2015Q1 | us-gaap |
Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
|
-112500 | USD |
CY2014Q1 | us-gaap |
Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
|
8042 | USD |
CY2015Q1 | us-gaap |
Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
|
5253 | USD |
CY2014Q1 | us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
55501 | USD |
CY2015Q1 | us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
100813 | USD |
CY2014Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
1383882 | USD |
CY2015Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
25573516 | USD |
CY2014Q1 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
-38328 | USD |
CY2015Q1 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
22799342 | USD |
CY2013Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
310140 | USD |
CY2014Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
271812 | USD |
CY2014Q1 | us-gaap |
Interest Paid
InterestPaid
|
32779 | USD |
CY2015Q1 | us-gaap |
Interest Paid
InterestPaid
|
17794 | USD |
CY2015Q1 | us-gaap |
Basis Of Accounting
BasisOfAccounting
|
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px 0px 0px 34.55pt; FONT: 10pt Times New Roman, Times, Serif"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;BACKGROUND-COLOR: transparent; MARGIN: 0px 0px 0px 0in; FONT: 10pt Times New Roman, Times, Serif"> <b><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>Note 1 — Basis of Presentation</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;BACKGROUND-COLOR: transparent; MARGIN: 0px 0px 0px 34.55pt; FONT: 10pt Times New Roman, Times, Serif"> <b> </b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0px 0px 0px 0in; FONT: 10pt Times New Roman, Times, Serif"> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0px 0px 0px 0in"> The accompanying unaudited Condensed Consolidated Financial Statements of Vuzix Corporation and Subsidiaries (“the Company") have been prepared in accordance with generally accepted accounting principles in the United States of America (“GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 8 of Regulation S-X of the Securities and Exchange Commission. Accordingly, the unaudited Condensed Consolidated Financial Statements do not include all of the information and footnotes required by GAAP for complete financial statements. In the opinion of management, all adjustments considered necessary for a fair presentation have been included. The condensed consolidated balance sheet as of December 31, 2014 was derived from the audited Consolidated Financial Statements in Form 10-K.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0px 0px 0px 0.5in">  </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0px 0px 0px 0in"> The accompanying Condensed Consolidated Financial Statements should be read in conjunction with the audited Consolidated Financial Statements of the Company as of December 31, 2014, as reported in the Company’s Annual Report on Form 10-K filed with the Securities and Exchange Commission.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0px 0px 0px 0.5in">  </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0px 0px 0px 0in"> The results of the Company’s operations for any interim period are not necessarily indicative of the results of the Company’s operations for any other interim period or for a full fiscal year.</div> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt"></div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> | |
CY2014Q4 | us-gaap |
Inventory Raw Materials And Purchased Parts Net Of Reserves
InventoryRawMaterialsAndPurchasedPartsNetOfReserves
|
1251224 | USD |
CY2014Q4 | us-gaap |
Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
|
25974 | USD |
CY2014Q4 | us-gaap |
Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
|
300889 | USD |
CY2014Q4 | us-gaap |
Inventory Valuation Reserves
InventoryValuationReserves
|
666138 | USD |
CY2015Q1 | us-gaap |
Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
|
91134 | USD |
CY2014Q4 | us-gaap |
Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
|
101445 | USD |
CY2015Q1 | vuzi |
Accrued Compensation
AccruedCompensation
|
417286 | USD |
CY2014Q4 | vuzi |
Accrued Compensation
AccruedCompensation
|
428786 | USD |
CY2015Q1 | us-gaap |
Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
|
33500 | USD |
CY2014Q4 | us-gaap |
Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
|
45000 | USD |
CY2015Q1 | us-gaap |
Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
|
45623 | USD |
CY2014Q4 | us-gaap |
Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
|
39624 | USD |
CY2015Q1 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
1003 | USD |
CY2014Q4 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
8741 | USD |
CY2014Q4 | us-gaap |
Product Warranty Accrual
ProductWarrantyAccrual
|
39624 | USD |
CY2015Q1 | us-gaap |
Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
|
21948 | USD |
CY2015Q1 | us-gaap |
Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
|
27947 | USD |
CY2015Q1 | us-gaap |
Product Warranty Accrual
ProductWarrantyAccrual
|
45623 | USD |
CY2015Q1 | us-gaap |
Long Term Debt
LongTermDebt
|
1157106 | USD |
CY2014Q4 | us-gaap |
Long Term Debt
LongTermDebt
|
1217421 | USD |
CY2014Q4 | us-gaap |
Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
|
5236660 | shares |
CY2015Q1 | vuzi |
Class Of Warrant Or Right Grants In Period
ClassOfWarrantOrRightGrantsInPeriod
|
60000 | shares |
CY2015Q1 | vuzi |
Class Of Warrant Or Right Expired In Period
ClassOfWarrantOrRightExpiredInPeriod
|
0 | shares |
CY2015Q1 | us-gaap |
Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
|
597643 | shares |
CY2015Q1 | vuzi |
Class Of Warrant Or Right Outstanding Weighted Average Remaining Contractual Terms
ClassOfWarrantOrRightOutstandingWeightedAverageRemainingContractualTerms
|
P2Y10M24D | |
CY2015Q1 | invest |
Investment Warrants Exercise Price
InvestmentWarrantsExercisePrice
|
2.56 | |
CY2014Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
720551 | shares |
CY2015Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
|
0 | shares |
CY2015Q1 | us-gaap |
Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
0 | shares |
CY2015Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
|
0 | shares |
CY2015Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
720551 | shares |
CY2014Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
4.46 | |
CY2015Q1 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
|
0 | |
CY2015Q1 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
|
0 | |
CY2015Q1 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
|
0 | |
CY2015Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
4.46 | |
CY2014Q4 | us-gaap |
Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Exercise Price Beginning Balance1
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageExercisePriceBeginningBalance1
|
1.71 | |
CY2014Q4 | vuzi |
Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Upper Limit
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeUpperLimit
|
17.50 | |
CY2015Q1 | us-gaap |
Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Exercise Price Beginning Balance1
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageExercisePriceBeginningBalance1
|
1.71 | |
CY2015Q1 | vuzi |
Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Upper Range Limit Balance
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeUpperRangeLimitBalance
|
17.50 | |
CY2015Q1 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
|
P6Y10M24D | |
CY2015Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
|
304337 | shares |
CY2015Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
|
6.95 | |
CY2015Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
|
416214 | shares |
CY2015Q1 | vuzi |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageExercisePrice
|
2.63 | |
CY2015Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Outstanding Weighted Average Remaining Contractual Terms
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageRemainingContractualTerms
|
P9Y3M18D | |
CY2015Q1 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
|
957291 | USD |
CY2015Q1 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
|
P2Y | |
CY2015Q1 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
|
114088 | USD |
CY2015Q1 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
|
59143 | USD |
CY2015Q1 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
|
2037500 | USD |
CY2015Q1 | us-gaap |
Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
|
175158 | USD |
CY2014Q4 | us-gaap |
Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
|
13541138 | USD |
CY2014Q1 | us-gaap |
Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
|
2575262 | USD |
CY2015Q1 | us-gaap |
Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
|
-1003427 | USD |
CY2014Q1 | us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
6326 | USD |
CY2015Q1 | us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
340960 | USD |
CY2015Q1 | us-gaap |
Assets Fair Value Disclosure Recurring
AssetsFairValueDisclosureRecurring
|
0 | USD |
CY2014Q4 | us-gaap |
Assets Fair Value Disclosure Recurring
AssetsFairValueDisclosureRecurring
|
0 | USD |
CY2015Q1 | us-gaap |
Assets Fair Value Disclosure
AssetsFairValueDisclosure
|
0 | USD |
CY2014Q4 | us-gaap |
Assets Fair Value Disclosure
AssetsFairValueDisclosure
|
0 | USD |
CY2015Q1 | us-gaap |
Liabilities Fair Value Disclosure Recurring
LiabilitiesFairValueDisclosureRecurring
|
175158 | USD |
CY2014Q4 | us-gaap |
Liabilities Fair Value Disclosure Recurring
LiabilitiesFairValueDisclosureRecurring
|
13541138 | USD |
CY2014Q1 | us-gaap |
Write Off Of Deferred Debt Issuance Cost
WriteOffOfDeferredDebtIssuanceCost
|
0 | USD |
CY2015Q1 | us-gaap |
Write Off Of Deferred Debt Issuance Cost
WriteOffOfDeferredDebtIssuanceCost
|
11453 | USD |
CY2014Q1 | us-gaap |
Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
|
2575262 | USD |
CY2015Q1 | us-gaap |
Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
|
-1003427 | USD |
CY2014Q1 | us-gaap |
Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
|
0 | USD |
CY2015Q1 | us-gaap |
Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
|
24813000 | USD |
CY2015Q1 | vuzi |
Stock Issued During Period Value Exercise Of Warrants
StockIssuedDuringPeriodValueExerciseOfWarrants
|
1200751 | USD |
CY2015Q1 | us-gaap |
Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
|
716126 | USD |
CY2014Q4 | us-gaap |
Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
|
787738 | USD |
CY2015Q1 | us-gaap |
Deferred Revenue Current
DeferredRevenueCurrent
|
68489 | USD |
CY2014Q4 | us-gaap |
Deferred Revenue Current
DeferredRevenueCurrent
|
53403 | USD |
CY2015Q1 | vuzi |
Share Based Compensation Arrangement By Share Based Payment Award Options Granted Exercise Price Range
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantedExercisePriceRange
|
0 | |
CY2015Q1 | vuzi |
Share Based Compensation Shares Authorized Under Stock Option Plans Exercised In Period Exercise Price Range
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisedInPeriodExercisePriceRange
|
0 | |
CY2015Q1 | vuzi |
Adjustment To Addional Paid In Capital Reclassification Of Warrant Liability
AdjustmentToAddionalPaidInCapitalReclassificationOfWarrantLiability
|
8736412 | USD |
CY2015Q1 | vuzi |
Adjustment To Addional Paid In Capital Reclassification Of Warrant Exercises
AdjustmentToAddionalPaidInCapitalReclassificationOfWarrantExercises
|
2826053 | USD |
CY2014Q1 | us-gaap |
Payments To Acquire Software
PaymentsToAcquireSoftware
|
280585 | USD |
CY2015Q1 | us-gaap |
Payments To Acquire Software
PaymentsToAcquireSoftware
|
0 | USD |
CY2014Q1 | us-gaap |
Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
|
1447425 | USD |
CY2015Q1 | us-gaap |
Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
|
1200751 | USD |
CY2014Q1 | us-gaap |
Taxes Other
TaxesOther
|
21442 | USD |
CY2015Q1 | us-gaap |
Taxes Other
TaxesOther
|
11774 | USD |
CY2014Q1 | us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
0 | USD |
CY2015Q1 | us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
221669 | USD |
CY2015Q1 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
101068 | USD |
CY2014Q4 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
112521 | USD |
CY2015Q1 | vuzi |
Officers Compensation Payable Compounding Monthly Interest Rate
OfficersCompensationPayableCompoundingMonthlyInterestRate
|
0.08 | pure |
CY2015Q1 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
386036 | USD |
CY2014Q4 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
393526 | USD |
CY2015Q1 | us-gaap |
Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
|
71076 | USD |
CY2014Q4 | us-gaap |
Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
|
62801 | USD |
CY2015Q1 | us-gaap |
Class Of Warrant Or Right Number Of Securities Called By Each Warrant Or Right
ClassOfWarrantOrRightNumberOfSecuritiesCalledByEachWarrantOrRight
|
52600 | shares |
CY2014Q4 | us-gaap |
Class Of Warrant Or Right Number Of Securities Called By Each Warrant Or Right
ClassOfWarrantOrRightNumberOfSecuritiesCalledByEachWarrantOrRight
|
4730992 | shares |
CY2014Q4 | us-gaap |
Convertible Debt
ConvertibleDebt
|
3000000 | USD |
CY2014Q2 | vuzi |
Fair Value Of Debt Embedded Conversion Price Adjustment Option
FairValueOfDebtEmbeddedConversionPriceAdjustmentOption
|
1938988 | USD |
CY2015Q1 | us-gaap |
Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
|
2210731 | USD |
CY2015Q1 | us-gaap |
Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
|
1053625 | USD |
CY2015Q1 | us-gaap |
Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
|
337500 | USD |
CY2015Q1 | us-gaap |
Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
|
235500 | USD |
CY2014Q1 | us-gaap |
Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
|
0 | USD |
CY2015Q1 | us-gaap |
Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
|
526916 | USD |
CY2014Q1 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
0 | USD |
CY2015Q1 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
71613 | USD |
CY2014Q1 | us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
0 | USD |
CY2015Q1 | us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
15086 | USD |
CY2014Q1 | vuzi |
Common Stock Issued And Warrant Issued For Services Prepaid Expense
CommonStockIssuedAndWarrantIssuedForServicesPrepaidExpense
|
0 | USD |
CY2015Q1 | vuzi |
Common Stock Issued And Warrant Issued For Services Prepaid Expense
CommonStockIssuedAndWarrantIssuedForServicesPrepaidExpense
|
138625 | USD |
CY2014Q1 | us-gaap |
Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
|
6326 | USD |
CY2015Q1 | us-gaap |
Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
|
340960 | USD |
CY2015Q1 | us-gaap |
Deposit Liabilities Accrued Interest
DepositLiabilitiesAccruedInterest
|
85191 | USD |
CY2014Q4 | us-gaap |
Deposit Liabilities Accrued Interest
DepositLiabilitiesAccruedInterest
|
75471 | USD |
CY2015Q1 | us-gaap |
Convertible Notes Payable
ConvertibleNotesPayable
|
0 | USD |
CY2014Q4 | us-gaap |
Convertible Notes Payable
ConvertibleNotesPayable
|
2806942 | USD |
CY2015Q1 | us-gaap |
Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
|
175158 | USD |
CY2014Q4 | us-gaap |
Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
|
10734196 | USD |
CY2014Q1 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
1544999 | shares |
CY2014 | us-gaap |
Earnings Per Share Potentially Dilutive Securities
EarningsPerSharePotentiallyDilutiveSecurities
|
7,012,767 | |
CY2015Q1 | us-gaap |
Earnings Per Share Potentially Dilutive Securities
EarningsPerSharePotentiallyDilutiveSecurities
|
7,186,350 | |
CY2015Q1 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
1475000 | USD |
CY2015Q1 | us-gaap |
Adjustments To Additional Paid In Capital Warrant Issued
AdjustmentsToAdditionalPaidInCapitalWarrantIssued
|
260373 | USD |
CY2015Q1 | vuzi |
Adjustments To Additional Paid In Capital Reclassification Of Fair Value Of Note Derivative Liability
AdjustmentsToAdditionalPaidInCapitalReclassificationOfFairValueOfNoteDerivativeLiability
|
2806942 | USD |
CY2015Q1 | vuzi |
Adjustments To Additional Paid In Capital Proceeds From Preferred Stock Offering Value
AdjustmentsToAdditionalPaidInCapitalProceedsFromPreferredStockOfferingValue
|
24813000 | USD |
CY2014Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.13 | |
CY2015Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.40 | |
CY2015Q1 | us-gaap |
Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
|
221669 | USD |
CY2014Q1 | us-gaap |
Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
|
0 | USD |
CY2015Q1 | us-gaap |
Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
|
358939 | USD |
CY2014Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
1511906 | USD |
CY2015Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-5449791 | USD |
CY2014Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
9972105 | shares |
CY2015Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
13561206 | shares |
CY2014Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
11517104 | shares |
CY2015Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
13561206 | shares |
CY2015Q1 | us-gaap |
Contractual Obligation
ContractualObligation
|
66800 | USD |
CY2015Q1 | us-gaap |
Description Of Lessor Leasing Arrangements Operating Leases
DescriptionOfLessorLeasingArrangementsOperatingLeases
|
The Company leases office and manufacturing space under operating leases that expire on September 30, 2015 through to March 1, 2016. | |
CY2014Q1 | vuzi |
Common Stock Awards Compensation Expense
CommonStockAwardsCompensationExpense
|
0 | USD |
CY2015Q1 | vuzi |
Common Stock Awards Compensation Expense
CommonStockAwardsCompensationExpense
|
1475000 | USD |
CY2015Q1 | vuzi |
Share Based Compensation Shares Authorized Under Stock Option Plans Forfeitures And Expirations In Period Exercise Price Range
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansForfeituresAndExpirationsInPeriodExercisePriceRange
|
0 | |
CY2014Q1 | us-gaap |
Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
|
0 | USD |
CY2015Q1 | us-gaap |
Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
|
337500 | USD |
CY2014Q1 | vuzi |
Reclassification Of Derivative Liability To Paidin Capital Upon Waiver Of Certain Antidilutive Provisions Of Warrants And Convertible Debt
ReclassificationOfDerivativeLiabilityToPaidinCapitalUponWaiverOfCertainAntidilutiveProvisionsOfWarrantsAndConvertibleDebt
|
0 | USD |
CY2015Q1 | vuzi |
Reclassification Of Derivative Liability To Paidin Capital Upon Waiver Of Certain Antidilutive Provisions Of Warrants And Convertible Debt
ReclassificationOfDerivativeLiabilityToPaidinCapitalUponWaiverOfCertainAntidilutiveProvisionsOfWarrantsAndConvertibleDebt
|
11543354 | USD |
CY2014Q1 | vuzi |
Reclassification Of Derivative Liability Upon Warrant Exercises
ReclassificationOfDerivativeLiabilityUponWarrantExercises
|
0 | USD |
CY2015Q1 | vuzi |
Reclassification Of Derivative Liability Upon Warrant Exercises
ReclassificationOfDerivativeLiabilityUponWarrantExercises
|
2826053 | USD |
CY2015Q1 | us-gaap |
Interest Payable Current
InterestPayableCurrent
|
8994 | USD |
CY2014Q4 | us-gaap |
Interest Payable Current
InterestPayableCurrent
|
7338 | USD |
CY2015Q1 | us-gaap |
Preferred Stock Liquidation Preference
PreferredStockLiquidationPreference
|
1000 | |
CY2015Q1 | vuzi |
Preferred Stock Shares Outstanding In Percent Liquidation Or Amendment Actions
PreferredStockSharesOutstandingInPercentLiquidationOrAmendmentActions
|
0.6 | pure |