2015 Q4 Form 10-Q Financial Statement
#000114420415064767 Filed on November 12, 2015
Income Statement
Concept | 2015 Q4 | 2015 Q3 | 2014 Q3 |
---|---|---|---|
Revenue | $540.0K | $970.4K | $664.6K |
YoY Change | -36.47% | 46.01% | 96.15% |
Cost Of Revenue | $520.0K | $644.2K | $460.2K |
YoY Change | -28.77% | 39.98% | 142.19% |
Gross Profit | $30.00K | $326.1K | $204.4K |
YoY Change | -75.0% | 59.59% | 37.34% |
Gross Profit Margin | 5.56% | 33.61% | 30.75% |
Selling, General & Admin | $1.670M | $1.590M | $929.0K |
YoY Change | 32.54% | 71.2% | 19.27% |
% of Gross Profit | 5566.67% | 487.66% | 454.61% |
Research & Development | $1.400M | $944.4K | $484.5K |
YoY Change | 141.38% | 94.92% | 3.02% |
% of Gross Profit | 4666.67% | 289.58% | 237.1% |
Depreciation & Amortization | $230.0K | $160.0K | $60.00K |
YoY Change | 155.56% | 166.67% | -33.33% |
% of Gross Profit | 766.67% | 49.06% | 29.36% |
Operating Expenses | $3.220M | $2.535M | $1.414M |
YoY Change | 74.05% | 79.33% | 13.15% |
Operating Profit | -$3.190M | -$2.297M | -$1.269M |
YoY Change | 84.39% | 81.03% | 6.09% |
Interest Expense | -$290.0K | $40.96K | $66.33K |
YoY Change | -93.53% | -38.26% | -78.43% |
% of Operating Profit | |||
Other Income/Expense, Net | -$10.00K | -$128.0K | -$2.032M |
YoY Change | -66.67% | -93.7% | 207.63% |
Pretax Income | -$3.510M | -$2.425M | -$3.301M |
YoY Change | -44.46% | -26.55% | 77.81% |
Income Tax | $0.00 | $0.00 | $0.00 |
% Of Pretax Income | |||
Net Earnings | -$3.510M | -$2.425M | -$3.301M |
YoY Change | -44.46% | -26.55% | 77.81% |
Net Earnings / Revenue | -650.0% | -249.9% | -496.75% |
Basic Earnings Per Share | -$0.31 | ||
Diluted Earnings Per Share | -$219.2K | -$151.9K | -$312.5K |
COMMON SHARES | |||
Basic Shares Outstanding | 16.06M shares | 10.56M shares | |
Diluted Shares Outstanding |
Balance Sheet
Concept | 2015 Q4 | 2015 Q3 | 2014 Q3 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $11.90M | $16.10M | $600.0K |
YoY Change | 11800.0% | 2583.33% | -76.92% |
Cash & Equivalents | $11.88M | $16.07M | $564.3K |
Short-Term Investments | |||
Other Short-Term Assets | $1.000M | $1.600M | $200.0K |
YoY Change | 66.67% | 700.0% | 100.0% |
Inventory | $3.300M | $1.800M | $1.100M |
Prepaid Expenses | |||
Receivables | $300.0K | $700.0K | $100.0K |
Other Receivables | $0.00 | $0.00 | $0.00 |
Total Short-Term Assets | $16.53M | $20.10M | $2.000M |
YoY Change | 743.62% | 905.0% | -42.22% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $2.015M | $800.0K | $400.0K |
YoY Change | 383.36% | 100.0% | -22.98% |
Goodwill | |||
YoY Change | |||
Intangibles | $515.7K | ||
YoY Change | 21.77% | ||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $100.0K | $124.2K | |
YoY Change | -19.5% | ||
Total Long-Term Assets | $3.032M | $2.000M | $1.900M |
YoY Change | 86.24% | 5.26% | 77.68% |
TOTAL ASSETS | |||
Total Short-Term Assets | $16.53M | $20.10M | $2.000M |
Total Long-Term Assets | $3.032M | $2.000M | $1.900M |
Total Assets | $19.56M | $22.10M | $3.900M |
YoY Change | 445.28% | 466.67% | -13.92% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $907.4K | $400.0K | $1.700M |
YoY Change | -58.44% | -76.47% | -29.01% |
Accrued Expenses | $734.5K | $700.0K | $634.3K |
YoY Change | 5.07% | 10.36% | 3.63% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $100.0K |
YoY Change | -100.0% | -100.0% | -75.0% |
Long-Term Debt Due | $55.79K | $100.0K | $98.11K |
YoY Change | -56.56% | 1.93% | -1.96% |
Total Short-Term Liabilities | $1.802M | $1.300M | $2.875M |
YoY Change | -46.79% | -54.78% | -22.24% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $1.228M | $1.200M | $1.100M |
YoY Change | 12.72% | 9.09% | 400.61% |
Other Long-Term Liabilities | $400.0K | $300.0K | $10.00M |
YoY Change | -97.06% | -97.0% | 16.28% |
Total Long-Term Liabilities | $1.668M | $1.500M | $11.10M |
YoY Change | -88.66% | -86.49% | 25.72% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $1.802M | $1.300M | $2.875M |
Total Long-Term Liabilities | $1.668M | $1.500M | $11.10M |
Total Liabilities | $3.470M | $2.700M | $13.90M |
YoY Change | -80.83% | -80.58% | 10.96% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$57.59M | ||
YoY Change | 30.41% | ||
Common Stock | $16.09K | ||
YoY Change | 42.42% | ||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $16.09M | $19.40M | -$10.00M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $19.56M | $22.10M | $3.900M |
YoY Change | 445.28% | 466.67% | -13.92% |
Cashflow Statement
Concept | 2015 Q4 | 2015 Q3 | 2014 Q3 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$3.510M | -$2.425M | -$3.301M |
YoY Change | -44.46% | -26.55% | 77.81% |
Depreciation, Depletion And Amortization | $230.0K | $160.0K | $60.00K |
YoY Change | 155.56% | 166.67% | -33.33% |
Cash From Operating Activities | -$2.800M | -$3.580M | -$1.370M |
YoY Change | 122.22% | 161.31% | -35.07% |
INVESTING ACTIVITIES | |||
Capital Expenditures | -$1.360M | -$420.0K | -$290.0K |
YoY Change | 44.83% | 190.0% | |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $5.000M | ||
YoY Change | |||
Cash From Investing Activities | -$1.360M | $4.580M | -$290.0K |
YoY Change | -1679.31% | 190.0% | |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | -40.00K | 30.00K | 260.0K |
YoY Change | -105.13% | -88.46% | -94.47% |
NET CHANGE | |||
Cash From Operating Activities | -2.800M | -3.580M | -1.370M |
Cash From Investing Activities | -1.360M | 4.580M | -290.0K |
Cash From Financing Activities | -40.00K | 30.00K | 260.0K |
Net Change In Cash | -4.200M | 1.030M | -1.400M |
YoY Change | 775.0% | -173.57% | -156.22% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$2.800M | -$3.580M | -$1.370M |
Capital Expenditures | -$1.360M | -$420.0K | -$290.0K |
Free Cash Flow | -$1.440M | -$3.160M | -$1.080M |
YoY Change | 14.29% | 192.59% | -46.27% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2015Q3 | us-gaap |
Gross Profit
GrossProfit
|
326133 | USD |
CY2014Q3 | us-gaap |
Gross Profit
GrossProfit
|
204352 | USD |
CY2015Q3 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
944426 | USD |
CY2014Q3 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
484510 | USD |
CY2015Q3 | us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
469443 | USD |
CY2014Q3 | us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
336099 | USD |
dei |
Entity Filer Category
EntityFilerCategory
|
Smaller Reporting Company | ||
CY2015Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
16072222 | USD |
CY2015Q4 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
16059434 | shares |
dei |
Trading Symbol
TradingSymbol
|
VUZI | ||
CY2015Q3 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
15934279 | shares |
CY2014Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.001 | |
CY2014Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
5000000 | shares |
CY2014Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
0 | USD | |
CY2015Q3 | us-gaap |
Sales Revenue Goods Net
SalesRevenueGoodsNet
|
890629 | USD |
CY2014Q3 | us-gaap |
Sales Revenue Goods Net
SalesRevenueGoodsNet
|
624586 | USD |
CY2015Q3 | us-gaap |
Sales Revenue Services Net
SalesRevenueServicesNet
|
79750 | USD |
CY2014Q3 | us-gaap |
Sales Revenue Services Net
SalesRevenueServicesNet
|
40000 | USD |
CY2015Q3 | us-gaap |
Sales Revenue Net
SalesRevenueNet
|
970379 | USD |
CY2014Q3 | us-gaap |
Sales Revenue Net
SalesRevenueNet
|
664586 | USD |
CY2015Q3 | us-gaap |
Cost Of Goods Sold
CostOfGoodsSold
|
612346 | USD |
CY2014Q3 | us-gaap |
Cost Of Goods Sold
CostOfGoodsSold
|
444234 | USD |
CY2015Q3 | vuzi |
Prepaid Manufacturing Vendor Payments
PrepaidManufacturingVendorPayments
|
1278275 | USD |
CY2014Q4 | vuzi |
Prepaid Manufacturing Vendor Payments
PrepaidManufacturingVendorPayments
|
156091 | USD |
us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
401863 | USD | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-9918150 | USD | |
vuzi |
Stock Issued During Period Value Exercise Of Warrants
StockIssuedDuringPeriodValueExerciseOfWarrants
|
1262626 | USD | |
vuzi |
Adjustment To Addional Paid In Capital Reclassification Of Warrant Exercises
AdjustmentToAddionalPaidInCapitalReclassificationOfWarrantExercises
|
2855463 | USD | |
us-gaap |
Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
|
472500 | USD | |
us-gaap |
Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
|
638264 | USD | |
us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
1669700 | USD | |
us-gaap |
Adjustments To Additional Paid In Capital Warrant Issued
AdjustmentsToAdditionalPaidInCapitalWarrantIssued
|
260373 | USD | |
vuzi |
Adjustments To Additional Paid In Capital Reclassification Of Fair Value Of Note Derivative Liability
AdjustmentsToAdditionalPaidInCapitalReclassificationOfFairValueOfNoteDerivativeLiability
|
2806942 | USD | |
us-gaap |
Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
|
214169 | USD | |
vuzi |
Adjustments To Additional Paid In Capital Proceeds From Preferred Stock Offering Value
AdjustmentsToAdditionalPaidInCapitalProceedsFromPreferredStockOfferingValue
|
24813000 | USD | |
CY2015Q3 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
1120982 | USD |
CY2014Q3 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
592914 | USD |
us-gaap |
Taxes Other
TaxesOther
|
44508 | USD | |
us-gaap |
Taxes Other
TaxesOther
|
56282 | USD | |
us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
1335 | USD | |
us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
-3710 | USD | |
us-gaap |
Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
|
-968467 | USD | |
us-gaap |
Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
|
2124878 | USD | |
us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
635949 | USD | |
CY2015Q3 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
88285 | USD |
CY2014Q3 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
59680 | USD |
CY2015Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-2297003 | USD |
CY2014Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-1268851 | USD |
CY2015Q3 | us-gaap |
Taxes Other
TaxesOther
|
30443 | USD |
CY2014Q3 | us-gaap |
Taxes Other
TaxesOther
|
9747 | USD |
CY2015Q3 | us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
287 | USD |
CY2014Q3 | us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
-3473 | USD |
CY2015Q3 | us-gaap |
Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
|
58239 | USD |
CY2014Q3 | us-gaap |
Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
|
-1698940 | USD |
CY2015Q3 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-127968 | USD |
CY2015Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
-2424971 | USD |
CY2014Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
-3301321 | USD |
CY2015Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | USD |
CY2014Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | USD |
CY2015Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-2424971 | USD |
CY2014Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-3301321 | USD |
CY2015Q3 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.17 | |
CY2014Q3 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.31 | |
CY2014Q3 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
10556420 | shares |
us-gaap |
Sales Revenue Goods Net
SalesRevenueGoodsNet
|
2014015 | USD | |
us-gaap |
Sales Revenue Goods Net
SalesRevenueGoodsNet
|
1883891 | USD | |
us-gaap |
Sales Revenue Services Net
SalesRevenueServicesNet
|
193331 | USD | |
us-gaap |
Sales Revenue Services Net
SalesRevenueServicesNet
|
302371 | USD | |
us-gaap |
Sales Revenue Net
SalesRevenueNet
|
2207346 | USD | |
us-gaap |
Sales Revenue Net
SalesRevenueNet
|
2186262 | USD | |
us-gaap |
Cost Of Goods Sold
CostOfGoodsSold
|
1590284 | USD | |
us-gaap |
Cost Of Goods Sold
CostOfGoodsSold
|
1251690 | USD | |
us-gaap |
Cost Of Services
CostOfServices
|
77332 | USD | |
us-gaap |
Cost Of Services
CostOfServices
|
121032 | USD | |
us-gaap |
Cost Of Revenue
CostOfRevenue
|
1667616 | USD | |
us-gaap |
Cost Of Revenue
CostOfRevenue
|
1372722 | USD | |
us-gaap |
Gross Profit
GrossProfit
|
539730 | USD | |
us-gaap |
Gross Profit
GrossProfit
|
813540 | USD | |
us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
2191624 | USD | |
us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
1177484 | USD | |
us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
1172252 | USD | |
us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
957422 | USD | |
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
5079131 | USD | |
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
1605112 | USD | |
us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
226472 | USD | |
us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
260823 | USD | |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-8129749 | USD | |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-3187301 | USD | |
us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
294191 | USD | |
us-gaap |
Interest Expense
InterestExpense
|
118693 | USD | |
us-gaap |
Interest Expense
InterestExpense
|
133699 | USD | |
us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-1788401 | USD | |
us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
1636996 | USD | |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
-9918150 | USD | |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
-1550305 | USD | |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | USD | |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | USD | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-1550305 | USD | |
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-11040010 | USD | |
us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.73 | ||
us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.15 | ||
us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
10276447 | shares | |
us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
15207545 | shares | |
CY2015Q3 | us-gaap |
Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
|
386377 | USD |
CY2014Q3 | us-gaap |
Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
|
0 | USD |
us-gaap |
Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
|
1121860 | USD | |
us-gaap |
Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
|
0 | USD | |
CY2015Q3 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-2811348 | USD |
CY2014Q3 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-3301321 | USD |
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-1550305 | USD | |
CY2015Q3 | us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
11708 | USD |
CY2014Q3 | us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
0 | USD |
us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
34740 | USD | |
us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
0 | USD | |
us-gaap |
Depreciation
Depreciation
|
260823 | USD | |
us-gaap |
Depreciation
Depreciation
|
226472 | USD | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
201671 | USD | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
401863 | USD | |
us-gaap |
Write Off Of Deferred Debt Issuance Cost
WriteOffOfDeferredDebtIssuanceCost
|
15112 | USD | |
us-gaap |
Write Off Of Deferred Debt Issuance Cost
WriteOffOfDeferredDebtIssuanceCost
|
34740 | USD | |
us-gaap |
Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
|
2124878 | USD | |
us-gaap |
Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
|
-968467 | USD | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-97441 | USD | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
281034 | USD | |
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
127812 | USD | |
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
849958 | USD | |
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-138763 | USD | |
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
33579 | USD | |
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-678576 | USD | |
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-1785638 | USD | |
us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
80044 | USD | |
us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
16410 | USD | |
us-gaap |
Increase Decrease In Customer Deposits
IncreaseDecreaseInCustomerDeposits
|
6484 | USD | |
us-gaap |
Increase Decrease In Customer Deposits
IncreaseDecreaseInCustomerDeposits
|
-100016 | USD | |
us-gaap |
Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
-29051 | USD | |
us-gaap |
Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
-25630 | USD | |
us-gaap |
Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
|
65757 | USD | |
us-gaap |
Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
|
67858 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-3350336 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-8874705 | USD | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
189558 | USD | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
553448 | USD | |
us-gaap |
Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
|
68884 | USD | |
us-gaap |
Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
|
166305 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-902232 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-719753 | USD | |
us-gaap |
Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
|
19760 | USD | |
us-gaap |
Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
|
16882 | USD | |
us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
262411 | USD | |
us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
150362 | USD | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
4506730 | USD | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
25581713 | USD | |
us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
254162 | USD | |
us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
15987255 | USD | |
CY2013Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
310140 | USD |
CY2014Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
564302 | USD |
us-gaap |
Interest Paid
InterestPaid
|
67942 | USD | |
us-gaap |
Interest Paid
InterestPaid
|
21690 | USD | |
us-gaap |
Payments To Acquire Software
PaymentsToAcquireSoftware
|
643790 | USD | |
us-gaap |
Payments To Acquire Software
PaymentsToAcquireSoftware
|
0 | USD | |
us-gaap |
Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
|
1928241 | USD | |
us-gaap |
Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
|
1262626 | USD | |
us-gaap |
Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
|
984559 | USD | |
us-gaap |
Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
|
0 | USD | |
us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
214838 | USD | |
us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
0 | USD | |
us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
20628 | USD | |
us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
0 | USD | |
us-gaap |
Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
|
635949 | USD | |
us-gaap |
Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
|
294191 | USD | |
us-gaap |
Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
|
24813000 | USD | |
us-gaap |
Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
|
0 | USD | |
us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
214169 | USD | |
us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
0 | USD | |
vuzi |
Common Stock Awards Compensation Expense
CommonStockAwardsCompensationExpense
|
1669700 | USD | |
vuzi |
Common Stock Awards Compensation Expense
CommonStockAwardsCompensationExpense
|
0 | USD | |
vuzi |
Common Stock Issued And Warrant Issued For Services Prepaid Expense
CommonStockIssuedAndWarrantIssuedForServicesPrepaidExpense
|
898537 | USD | |
vuzi |
Common Stock Issued And Warrant Issued For Services Prepaid Expense
CommonStockIssuedAndWarrantIssuedForServicesPrepaidExpense
|
235912 | USD | |
vuzi |
Reclassification Of Derivative Liability To Paidin Capital Upon Waiver Of Certain Antidilutive Provisions Of Warrants And Convertible Debt
ReclassificationOfDerivativeLiabilityToPaidinCapitalUponWaiverOfCertainAntidilutiveProvisionsOfWarrantsAndConvertibleDebt
|
11543354 | USD | |
vuzi |
Reclassification Of Derivative Liability To Paidin Capital Upon Waiver Of Certain Antidilutive Provisions Of Warrants And Convertible Debt
ReclassificationOfDerivativeLiabilityToPaidinCapitalUponWaiverOfCertainAntidilutiveProvisionsOfWarrantsAndConvertibleDebt
|
0 | USD | |
vuzi |
Increase Decrease In Vendors Prepayments
IncreaseDecreaseInVendorsPrepayments
|
1122184 | USD | |
vuzi |
Increase Decrease In Vendors Prepayments
IncreaseDecreaseInVendorsPrepayments
|
0 | USD | |
us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
139340 | USD | |
us-gaap |
Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
|
3000000 | USD | |
vuzi |
Discount On Senior Convertible Debt Attributed To Embedded Conversion Price Adjustment Option
DiscountOnSeniorConvertibleDebtAttributedToEmbeddedConversionPriceAdjustmentOption
|
0 | USD | |
vuzi |
Discount On Senior Convertible Debt Attributed To Embedded Conversion Price Adjustment Option
DiscountOnSeniorConvertibleDebtAttributedToEmbeddedConversionPriceAdjustmentOption
|
1938988 | USD | |
us-gaap |
Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
|
0 | USD | |
us-gaap |
Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
|
0 | USD | |
us-gaap |
Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
|
0 | USD | |
us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
0 | USD | |
us-gaap |
Earnings Per Share Potentially Dilutive Securities
EarningsPerSharePotentiallyDilutiveSecurities
|
6,393,485 | ||
CY2014 | us-gaap |
Earnings Per Share Potentially Dilutive Securities
EarningsPerSharePotentiallyDilutiveSecurities
|
7,012,767 | |
CY2014Q4 | us-gaap |
Inventory Raw Materials And Purchased Parts Net Of Reserves
InventoryRawMaterialsAndPurchasedPartsNetOfReserves
|
1251224 | USD |
CY2015Q3 | us-gaap |
Inventory Raw Materials And Purchased Parts Net Of Reserves
InventoryRawMaterialsAndPurchasedPartsNetOfReserves
|
1653152 | USD |
CY2014Q4 | us-gaap |
Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
|
25974 | USD |
CY2015Q3 | us-gaap |
Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
|
2470 | USD |
CY2014Q4 | us-gaap |
Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
|
300889 | USD |
CY2015Q3 | us-gaap |
Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
|
472000 | USD |
CY2014Q4 | us-gaap |
Inventory Valuation Reserves
InventoryValuationReserves
|
666138 | USD |
CY2015Q3 | us-gaap |
Inventory Valuation Reserves
InventoryValuationReserves
|
365715 | USD |
CY2014Q4 | us-gaap |
Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
|
101445 | USD |
CY2015Q3 | us-gaap |
Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
|
122708 | USD |
CY2014Q4 | vuzi |
Accrued Compensation
AccruedCompensation
|
428786 | USD |
CY2015Q3 | vuzi |
Accrued Compensation
AccruedCompensation
|
358719 | USD |
CY2014Q4 | us-gaap |
Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
|
45000 | USD |
CY2015Q3 | us-gaap |
Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
|
70500 | USD |
CY2014Q4 | us-gaap |
Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
|
39624 | USD |
CY2015Q3 | us-gaap |
Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
|
59876 | USD |
CY2015Q3 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
0 | USD |
CY2015Q3 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
|
24393 | USD |
CY2015Q3 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
|
1902500 | USD |
CY2015Q3 | us-gaap |
Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
|
2026180 | USD |
CY2015Q3 | us-gaap |
Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
|
758636 | USD |
CY2014Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
11295387 | shares |
CY2014Q4 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
8741 | USD |
CY2015Q3 | us-gaap |
Deposit Liabilities Accrued Interest
DepositLiabilitiesAccruedInterest
|
103677 | USD |
CY2014Q4 | us-gaap |
Deposit Liabilities Accrued Interest
DepositLiabilitiesAccruedInterest
|
75471 | USD |
vuzi |
Officers Compensation Payable Compounding Monthly Interest Rate
OfficersCompensationPayableCompoundingMonthlyInterestRate
|
0.08 | pure | |
CY2015Q3 | us-gaap |
Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
|
94006 | USD |
CY2014Q4 | us-gaap |
Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
|
62801 | USD |
CY2015Q3 | us-gaap |
Interest Payable Current
InterestPayableCurrent
|
29340 | USD |
CY2014Q4 | us-gaap |
Interest Payable Current
InterestPayableCurrent
|
26735 | USD |
us-gaap |
Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
|
54840 | USD | |
us-gaap |
Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
|
75092 | USD | |
CY2015Q3 | us-gaap |
Product Warranty Accrual
ProductWarrantyAccrual
|
59876 | USD |
CY2015Q3 | us-gaap |
Class Of Warrant Or Right Number Of Securities Called By Each Warrant Or Right
ClassOfWarrantOrRightNumberOfSecuritiesCalledByEachWarrantOrRight
|
45100 | shares |
CY2014Q4 | us-gaap |
Class Of Warrant Or Right Number Of Securities Called By Each Warrant Or Right
ClassOfWarrantOrRightNumberOfSecuritiesCalledByEachWarrantOrRight
|
4730992 | shares |
vuzi |
Percentage Of Outstanding Warrants Issued By Parent
PercentageOfOutstandingWarrantsIssuedByParent
|
0.86 | pure | |
CY2014Q4 | us-gaap |
Convertible Debt
ConvertibleDebt
|
3000000 | USD |
CY2014Q2 | vuzi |
Fair Value Of Debt Embedded Conversion Price Adjustment Option
FairValueOfDebtEmbeddedConversionPriceAdjustmentOption
|
1938988 | USD |
CY2015Q3 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
|
99287 | USD |
CY2015Q3 | us-gaap |
Long Term Debt
LongTermDebt
|
1267544 | USD |
CY2015Q3 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
5000000 | shares |
CY2015Q3 | us-gaap |
Preferred Stock Liquidation Preference
PreferredStockLiquidationPreference
|
1000 | |
CY2015Q3 | us-gaap |
Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
|
1121860 | USD |
vuzi |
Preferred Stock Shares Outstanding In Percent Liquidation Or Amendment Actions
PreferredStockSharesOutstandingInPercentLiquidationOrAmendmentActions
|
0.6 | pure | |
CY2014Q4 | us-gaap |
Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
|
5236660 | shares |
vuzi |
Class Of Warrant Or Right Exercised In Period
ClassOfWarrantOrRightExercisedInPeriod
|
4721517 | shares | |
vuzi |
Class Of Warrant Or Right Grants In Period
ClassOfWarrantOrRightGrantsInPeriod
|
60000 | shares | |
CY2015Q3 | us-gaap |
Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
|
560329 | shares |
vuzi |
Class Of Warrant Or Right Expired In Period
ClassOfWarrantOrRightExpiredInPeriod
|
14814 | shares | |
vuzi |
Class Of Warrant Or Right Outstanding Weighted Average Remaining Contractual Terms
ClassOfWarrantOrRightOutstandingWeightedAverageRemainingContractualTerms
|
P2Y6M | ||
invest |
Investment Warrants Exercise Price
InvestmentWarrantsExercisePrice
|
2.39 | ||
CY2015Q3 | us-gaap |
Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
|
4168267 | shares |
CY2015Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
|
397148 | shares |
CY2015Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
|
6.09 | |
us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
|
P7Y | ||
CY2015Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
|
525468 | shares |
vuzi |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageExercisePrice
|
3.83 | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Outstanding Weighted Average Remaining Contractual Terms
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageRemainingContractualTerms
|
P9Y6M | ||
CY2015Q3 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.001 | |
CY2015Q3 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
49626 | shares |
CY2015Q3 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
49626 | shares |
CY2014Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
CY2015Q3 | 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 | |
CY2015Q3 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
100000000 | shares |
CY2014Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
100000000 | shares |
CY2015Q3 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
16059434 | shares |
CY2015Q3 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
16059434 | shares |
CY2014Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
11295387 | shares |
us-gaap |
Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
|
427500 | USD | |
us-gaap |
Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
|
600000 | USD | |
vuzi |
Unamortized On Senior Convertible Debt Attributed To Embedded Conversion Price Adjustment Option
UnamortizedOnSeniorConvertibleDebtAttributedToEmbeddedConversionPriceAdjustmentOption
|
2855463 | USD | |
vuzi |
Unamortized On Senior Convertible Debt Attributed To Embedded Conversion Price Adjustment Option
UnamortizedOnSeniorConvertibleDebtAttributedToEmbeddedConversionPriceAdjustmentOption
|
1927120 | USD | |
CY2014Q3 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
0 | USD |
us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
12621 | USD | |
us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
0 | USD | |
vuzi |
Unamortized Discount Upon Conversion Of Term Debt
UnamortizedDiscountUponConversionOfTermDebt
|
214536 | USD | |
CY2014Q4 | us-gaap |
Product Warranty Accrual
ProductWarrantyAccrual
|
39624 | USD |
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;TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt 34.55pt"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0in; BACKGROUND: transparent"> <b><font style="FONT-SIZE: 10pt"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font></font></b> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;BACKGROUND-COLOR: transparent; MARGIN-TOP: 0pt; TEXT-INDENT: 0in; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.5in" align="left"><b>Note 1 — Basis of Presentation</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;BACKGROUND-COLOR: transparent; MARGIN: 0pt 40.1pt 0pt 34.55pt; FONT: 10pt Times New Roman, Times, Serif"> <b> </b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN-TOP: 0pt; TEXT-INDENT: 0.5in; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.5in" align="left">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: 0.5in; MARGIN: 0pt 0.5in; FONT: 10pt Times New Roman, Times, Serif">  </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN-TOP: 0pt; TEXT-INDENT: 0.5in; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.5in" align="left">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;MARGIN-TOP: 0pt; TEXT-INDENT: 0.5in; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.5in" align="left"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN-TOP: 0pt; TEXT-INDENT: 0.5in; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.5in" align="left">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> </div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> | ||
CY2015Q3 | us-gaap |
Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
|
110788 | USD |
CY2015Q3 | us-gaap |
Liabilities Fair Value Disclosure Recurring
LiabilitiesFairValueDisclosureRecurring
|
110788 | USD |
CY2014Q4 | us-gaap |
Convertible Notes Payable
ConvertibleNotesPayable
|
2806942 | USD |
CY2014Q4 | us-gaap |
Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
|
10734196 | USD |
CY2014Q4 | us-gaap |
Liabilities Fair Value Disclosure Recurring
LiabilitiesFairValueDisclosureRecurring
|
13541138 | USD |
CY2015Q3 | us-gaap |
Purchase Obligation Future Minimum Payments Remainder Of Fiscal Year
PurchaseObligationFutureMinimumPaymentsRemainderOfFiscalYear
|
335248 | USD |
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 31, 2016. | ||
CY2014Q4 | us-gaap |
Long Term Debt
LongTermDebt
|
1217421 | USD |
CY2015Q3 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
12621 | USD |
CY2015Q3 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
|
1833333 | USD |
us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
|
P2Y1M6D | ||
us-gaap |
Revenue From Related Parties
RevenueFromRelatedParties
|
325625 | USD | |
us-gaap |
Conversion Of Stock Description
ConversionOfStockDescription
|
24% on as-converted to common stock basis with respect to shares of Series A Preferred Stock held by such stockholder | ||
CY2015Q3 | us-gaap |
Accounts Receivable Related Parties Current
AccountsReceivableRelatedPartiesCurrent
|
290625 | USD |
CY2015Q3 | us-gaap |
Other Commitment
OtherCommitment
|
987000 | USD |
CY2015Q3 | us-gaap |
Contractual Obligation
ContractualObligation
|
1676240 | USD |