2018 Q1 Form 10-K Financial Statement

#000114420418015310 Filed on March 16, 2018

View on sec.gov

Income Statement

Concept 2018 Q1 2017 Q4 2016 Q4
Revenue $1.544M $1.597M $620.00
YoY Change 27.49% 257480.65% -99.89%
Cost Of Revenue $1.367M $1.900M $1.180M
YoY Change 28.71% 61.02% 126.92%
Gross Profit $177.1K -$304.0K -$562.00
YoY Change 18.88% 53992.53% -101.87%
Gross Profit Margin 11.47% -19.04% -90.65%
Selling, General & Admin $3.199M $2.930M $2.530M
YoY Change 41.18% 15.81% 51.5%
% of Gross Profit 1806.25%
Research & Development $2.056M $2.330M $1.830M
YoY Change 23.18% 27.32% 30.71%
% of Gross Profit 1160.64%
Depreciation & Amortization $270.0K $270.0K $300.0K
YoY Change -12.9% -10.0% 30.43%
% of Gross Profit 152.43%
Operating Expenses $5.529M $5.520M $4.590M
YoY Change 32.43% 20.26% 42.55%
Operating Profit -$5.352M -$5.824M -$4.591M
YoY Change 32.92% 26.87% 43.9%
Interest Expense $9.213K -$60.00K -$50.00K
YoY Change -77.51% 20.0% -82.76%
% of Operating Profit
Other Income/Expense, Net -$14.04K $10.00K $0.00
YoY Change -90.98% -100.0%
Pretax Income -$5.366M -$5.880M -$6.330M
YoY Change 28.31% -7.11% 80.34%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$5.366M -$5.879M -$6.335K
YoY Change 28.3% 92701.89% -99.82%
Net Earnings / Revenue -347.54% -368.13% -1021.77%
Basic Earnings Per Share
Diluted Earnings Per Share -$198.4K -$261.2K -$348.4K
COMMON SHARES
Basic Shares Outstanding 27.30M shares 17.56M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2018 Q1 2017 Q4 2016 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $36.10M $14.90M $14.50M
YoY Change 247.12% 2.76% 21.85%
Cash & Equivalents $36.07M $14.89M $14.53M
Short-Term Investments
Other Short-Term Assets $600.0K $1.000M $900.0K
YoY Change -25.0% 11.11% -10.0%
Inventory $4.300M $3.852M $2.651M
Prepaid Expenses
Receivables $1.100M $974.2K $103.3K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $42.00M $21.24M $18.23M
YoY Change 195.77% 16.53% 10.28%
LONG-TERM ASSETS
Property, Plant & Equipment $4.179M $4.124M $3.365M
YoY Change 22.43% 22.57% 66.96%
Goodwill
YoY Change
Intangibles $813.8K $535.5K
YoY Change 51.98% 3.83%
Long-Term Investments
YoY Change
Other Assets $0.00
YoY Change
Total Long-Term Assets $5.800M $5.591M $4.115M
YoY Change 41.46% 35.85% 35.71%
TOTAL ASSETS
Total Short-Term Assets $42.00M $21.24M $18.23M
Total Long-Term Assets $5.800M $5.591M $4.115M
Total Assets $47.80M $26.83M $22.35M
YoY Change 161.2% 20.08% 14.22%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.700M $3.726M $1.085M
YoY Change 70.0% 243.27% 19.62%
Accrued Expenses $1.076M $1.390M $1.332M
YoY Change -10.34% 4.34% 81.35%
Deferred Revenue $73.46K
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $1.416M
YoY Change -100.0% 2438.95%
Total Short-Term Liabilities $3.182M $5.454M $4.422M
YoY Change -0.58% 23.33% 145.38%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0%
Other Long-Term Liabilities $200.0K
YoY Change -50.0%
Total Long-Term Liabilities $0.00 $18.33K $201.5K
YoY Change -90.9% -87.92%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.182M $5.454M $4.422M
Total Long-Term Liabilities $0.00 $18.33K $201.5K
Total Liabilities $3.182M $5.454M $4.623M
YoY Change -6.43% 17.95% 33.25%
SHAREHOLDERS EQUITY
Retained Earnings -$96.39M -$96.47M -$76.84M
YoY Change 25.55% 33.43%
Common Stock $27.31K $24.28K $19.57K
YoY Change 24.05% 21.64%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $44.58M $21.38M $17.72M
YoY Change
Total Liabilities & Shareholders Equity $47.77M $26.83M $22.35M
YoY Change 161.02% 20.08% 14.22%

Cashflow Statement

Concept 2018 Q1 2017 Q4 2016 Q4
OPERATING ACTIVITIES
Net Income -$5.366M -$5.879M -$6.335K
YoY Change 28.3% 92701.89% -99.82%
Depreciation, Depletion And Amortization $270.0K $270.0K $300.0K
YoY Change -12.9% -10.0% 30.43%
Cash From Operating Activities -$6.471M -$4.380M -$4.360M
YoY Change 68.81% 0.46% 55.71%
INVESTING ACTIVITIES
Capital Expenditures $306.7K -$1.010M -$540.0K
YoY Change 16.73% 87.04% -60.29%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$415.2K -$1.010M -$540.0K
YoY Change 36.08% 87.04% -60.29%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $30.00M $11.53M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 28.06M 11.59M 13.48M
YoY Change -14.02% -33800.0%
NET CHANGE
Cash From Operating Activities -6.471M -4.380M -4.360M
Cash From Investing Activities -415.2K -1.010M -540.0K
Cash From Financing Activities 28.06M 11.59M 13.48M
Net Change In Cash 21.18M 6.200M 8.580M
YoY Change -611.76% -27.74% -304.29%
FREE CASH FLOW
Cash From Operating Activities -$6.471M -$4.380M -$4.360M
Capital Expenditures $306.7K -$1.010M -$540.0K
Free Cash Flow -$6.778M -$3.370M -$3.820M
YoY Change 65.47% -11.78% 165.28%

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CY2016 us-gaap Interest Paid Net
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ProceedsFromWarrantExercises
0 USD
CY2016 us-gaap Proceeds From Warrant Exercises
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60750 USD
CY2016 us-gaap Issuance Of Stock And Warrants For Services Or Claims
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CY2017 us-gaap Issuance Of Stock And Warrants For Services Or Claims
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228750 USD
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286450 USD
CY2017 us-gaap Capitalized Computer Software Amortization1
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214838 USD
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440091 USD
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-401748 USD
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0 USD
CY2017 us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
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0 USD
CY2016 us-gaap Payments Of Debt Issuance Costs
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0 USD
CY2017 us-gaap Payments Of Debt Issuance Costs
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0 USD
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146050 USD
CY2017 vuzi Common Stock Awards Compensation Expense
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267750 USD
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174026 USD
CY2017 vuzi Common Stock Issued And Warrant Issued For Services Prepaid Expense
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228750 USD
CY2016 vuzi Reclassification Of Derivative Liability To Paidin Capital Upon Waiver Of Certain Antidilutive Provisions Of Warrants And Convertible Debt
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0 USD
CY2017 vuzi Reclassification Of Derivative Liability To Paidin Capital Upon Waiver Of Certain Antidilutive Provisions Of Warrants And Convertible Debt
ReclassificationOfDerivativeLiabilityToPaidinCapitalUponWaiverOfCertainAntidilutiveProvisionsOfWarrantsAndConvertibleDebt
0 USD
CY2016 vuzi Increase Decrease In Vendors Prepayments
IncreaseDecreaseInVendorsPrepayments
-225243 USD
CY2017 vuzi Increase Decrease In Vendors Prepayments
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10549 USD
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342036 USD
CY2017 us-gaap Debt Conversion Converted Instrument Amount1
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1861283 USD
CY2016 vuzi Unamortized On Senior Convertible Debt Attributed To Embedded Conversion Price Adjustment Option
UnamortizedOnSeniorConvertibleDebtAttributedToEmbeddedConversionPriceAdjustmentOption
32911 USD
CY2017 vuzi Unamortized On Senior Convertible Debt Attributed To Embedded Conversion Price Adjustment Option
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0 USD
CY2016 us-gaap Increase Decrease In Employee Related Liabilities
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290000 USD
CY2017 us-gaap Increase Decrease In Employee Related Liabilities
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-321250 USD
CY2017 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
20204 USD
CY2016 us-gaap Derivative Gain Loss On Derivative Net
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34744 USD
CY2017 us-gaap Proceeds From Issuance Of Common Stock
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21128502 USD
CY2017 us-gaap Payments Of Stock Issuance Costs
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1617679 USD
CY2017 us-gaap Proceeds From Stock Options Exercised
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0 USD
CY2016 us-gaap Proceeds From Stock Options Exercised
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18263 USD
CY2015 us-gaap Advertising Expense
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432325 USD
CY2016 us-gaap Advertising Expense
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1279998 USD
CY2015 us-gaap Share Based Compensation
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CY2016Q4 us-gaap Inventory Raw Materials And Purchased Parts Net Of Reserves
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1990026 USD
CY2016Q4 us-gaap Inventory Work In Process Net Of Reserves
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454120 USD
CY2016Q4 us-gaap Inventory Finished Goods Net Of Reserves
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831069 USD
CY2016Q4 us-gaap Inventory Valuation Reserves
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623997 USD
CY2016Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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1686614 USD
CY2017Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
2252794 USD
CY2017Q4 us-gaap Property Plant And Equipment Net
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4124466 USD
CY2015 us-gaap Adjustment For Amortization
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86478 USD
CY2016 us-gaap Adjustment For Amortization
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106734 USD
CY2016Q4 us-gaap Capitalized Computer Software Gross
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859351 USD
CY2017Q4 us-gaap Capitalized Computer Software Gross
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859351 USD
CY2016Q4 us-gaap Capitalized Computer Software Accumulated Amortization
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644513 USD
CY2017Q4 us-gaap Capitalized Computer Software Accumulated Amortization
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859351 USD
CY2017Q4 us-gaap Accrued Employee Benefits Current
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163305 USD
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119472 USD
CY2017Q4 vuzi Accrued Compensation
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327469 USD
CY2016Q4 vuzi Accrued Compensation
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648720 USD
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531728 USD
CY2016Q4 us-gaap Accrued Professional Fees Current
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137099 USD
CY2017Q4 us-gaap Product Warranty Accrual Classified Current
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167503 USD
CY2016Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
41132 USD
CY2016Q4 us-gaap Other Accrued Liabilities Current
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10000 USD
CY2017Q4 us-gaap Other Accrued Liabilities Current
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10000 USD
CY2016Q4 us-gaap Deposit Liabilities Accrued Interest
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375560 USD
CY2017Q4 us-gaap Deposit Liabilities Accrued Interest
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171435 USD
CY2017 vuzi Officers Compensation Payable Compounding Monthly Interest Rate
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0.08 pure
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141645 USD
CY2017Q4 us-gaap Interest Payable Current
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171435 USD
CY2015Q4 us-gaap Product Warranty Accrual
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64002 USD
CY2015 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
67858 USD
CY2015 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
92236 USD
CY2016Q4 us-gaap Product Warranty Accrual
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41132 USD
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ProductWarrantyAccrualPayments
103265 USD
CY2016 us-gaap Product Warranty Accrual Warranties Issued
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80395 USD
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38100 shares
CY2014Q4 us-gaap Convertible Debt
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3000000 USD
CY2014Q2 vuzi Fair Value Of Debt Embedded Conversion Price Adjustment Option
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1938988 USD
CY2017Q4 us-gaap Warrants And Rights Outstanding
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152927 USD
CY2017Q4 us-gaap Liabilities Fair Value Disclosure Recurring
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152927 USD
CY2016Q4 us-gaap Warrants And Rights Outstanding
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173131 USD
CY2016Q4 us-gaap Liabilities Fair Value Disclosure Recurring
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173131 USD
CY2017Q4 us-gaap Long Term Debt Noncurrent
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0 USD
CY2016Q4 us-gaap Long Term Debt Noncurrent
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0 USD
CY2016Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
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19752311 USD
CY2017Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
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16167791 USD
CY2016Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards
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2398817 USD
CY2017Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards
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2404490 USD
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44372 USD
CY2017Q4 us-gaap Deferred Tax Assets Other
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108734 USD
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23286670 USD
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19443515 USD
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-23209855 USD
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-19413888 USD
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23209855 USD
CY2017Q4 us-gaap Deferred Tax Assets Valuation Allowance
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19413888 USD
CY2016Q4 us-gaap Deferred Tax Assets Net
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0 USD
CY2017Q4 us-gaap Deferred Tax Assets Net
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0 USD
CY2017Q4 us-gaap Deferred Tax Assets Inventory
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675830 USD
CY2016Q4 us-gaap Deferred Tax Assets Inventory
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622168 USD
CY2017Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Compensation
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86670 USD
CY2016Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Compensation
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271095 USD
CY2017Q4 vuzi Deferred Tax Assets Loss From Foreign Operations
DeferredTaxAssetsLossFromForeignOperations
0 USD
CY2017Q4 us-gaap Operating Loss Carryforwards
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76000000 USD
CY2017Q4 us-gaap Preferred Stock Shares Authorized
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5000000 shares
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4849063 USD
CY2017Q4 us-gaap Preferred Stock Liquidation Preference
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1000
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0.6 pure
CY2017Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
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100000000 shares
CY2016Q4 us-gaap Common Stock Shares Issued
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19569247 shares
CY2017Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
24276275 shares
CY2017Q3 us-gaap Shares Issued Price Per Share
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5.75
CY2017Q4 us-gaap Shares Issued Price Per Share
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6.05
CY2015Q4 us-gaap Class Of Warrant Or Right Outstanding
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535091 shares
CY2016 vuzi Class Of Warrant Or Right Exercised In Period
ClassOfWarrantOrRightExercisedInPeriod
133232 shares
CY2016 vuzi Class Of Warrant Or Right Grants In Period
ClassOfWarrantOrRightGrantsInPeriod
0 shares
CY2016Q4 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
401859 shares
CY2017 vuzi Class Of Warrant Or Right Exercised In Period
ClassOfWarrantOrRightExercisedInPeriod
250009 shares
CY2017 vuzi Class Of Warrant Or Right Grants In Period
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1033062 shares
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1184912 shares
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0 shares
CY2017 vuzi Class Of Warrant Or Right Expired In Period
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0 shares
CY2017 vuzi Class Of Warrant Or Right Outstanding Weighted Average Remaining Contractual Terms
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P3Y1M6D
CY2017 invest Investment Warrants Exercise Price
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6.44
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4178267 shares
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3559783 shares
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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1084298 shares
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1027375 shares
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
2111673 shares
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
797861 shares
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4.65
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P6Y4M24D
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
712383 shares
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5.48
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Outstanding Weighted Average Remaining Contractual Terms
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageRemainingContractualTerms
P8Y8M12D
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
613665 shares
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
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4.83
CY2016 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P7Y
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
470633 shares
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ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageExercisePrice
4.67
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Outstanding Weighted Average Remaining Contractual Terms
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageRemainingContractualTerms
P8Y4M24D
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
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424688 shares
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
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5.34
CY2015 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P7Y4M24D
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
598101 shares
CY2015 vuzi Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageExercisePrice
4.05
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Outstanding Weighted Average Remaining Contractual Terms
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageRemainingContractualTerms
P7Y4M24D
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
2776068 USD
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
534500 shares
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
116750 shares
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
5.24
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
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5.73
CY2017 us-gaap Stock Granted During Period Value Sharebased Compensation Gross
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2803329 USD
CY2016 us-gaap Stock Granted During Period Value Sharebased Compensation Gross
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669435 USD
CY2017 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
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P3Y
CY2017Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
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3517878 USD
CY2017 us-gaap Operating Leases Rent Expense Minimum Rentals
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335248 USD
CY2017 us-gaap Lease Expiration Date1
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2020-10-03
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due Current
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411135 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
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363881 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
0 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
0 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
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403730 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due
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1178746 USD
CY2015 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
186471 USD
CY2016 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
482147 USD
CY2017 vuzi Percentage Of Employee Deferrals
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1 pure
CY2017 us-gaap Related Party Transaction Rate
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0.08 pure
CY2015Q4 us-gaap Due To Officers Or Stockholders Current And Noncurrent
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358719 USD
CY2016Q4 us-gaap Due To Officers Or Stockholders Current And Noncurrent
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648720 USD
CY2015 us-gaap Interest Expense Related Party
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97801 USD
CY2016 us-gaap Interest Expense Related Party
InterestExpenseRelatedParty
141645 USD
CY2016Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2017Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2016Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000 shares
CY2016Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
49626 shares
CY2017Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
49626 shares
CY2016Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
49626 shares
CY2017Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
49626 shares
CY2016Q4 us-gaap Common Stock Par Or Stated Value Per Share
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0.001
CY2016Q4 us-gaap Common Stock Shares Authorized
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100000000 shares
CY2017Q4 us-gaap Common Stock Shares Outstanding
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24276275 shares
CY2016Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
19569247 shares
CY2017 us-gaap Stock Issued During Period Value Share Based Compensation Gross
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1355522 USD
CY2017 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
228750 USD
CY2017 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
21128502 USD
CY2017 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
335000 USD
CY2017 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
1861283 USD
CY2017 us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
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1617679 USD
CY2015 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
2544153 USD
CY2015 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
205831 USD
CY2015 us-gaap Sales Revenue Net
SalesRevenueNet
2749984 USD
CY2015 us-gaap Cost Of Goods Sold
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2101466 USD
CY2015 us-gaap Cost Of Services
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82332 USD
CY2015 us-gaap Cost Of Revenue
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2183798 USD
CY2015 us-gaap Gross Profit
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566186 USD
CY2015 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
3595437 USD
CY2015 us-gaap Selling And Marketing Expense
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1798041 USD
CY2015 us-gaap General And Administrative Expense
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6120101 USD
CY2015 us-gaap Depreciation And Amortization
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380841 USD
CY2015 us-gaap Inventory Write Down
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0 USD
CY2015 us-gaap Impairment Of Intangible Assets Finitelived
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13222 USD
CY2015 us-gaap Operating Expenses
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11907642 USD
CY2015 us-gaap Operating Income Loss
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-11341456 USD
CY2017 us-gaap Foreign Currency Transaction Gain Loss Before Tax
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-65248 USD
CY2016 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-33079 USD
CY2015 us-gaap Investment Income Interest
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20790 USD
CY2015 us-gaap Taxes Other
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54432 USD
CY2015 us-gaap Foreign Currency Transaction Gain Loss Before Tax
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-277 USD
CY2016 vuzi Receivable From Stock Option Excercised
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14820 USD
CY2015 vuzi Unamortized On Senior Convertible Debt Attributed To Embedded Conversion Price Adjustment Option
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2855463 USD
CY2017 us-gaap Gain Loss On Derivative Instruments Net Pretax
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20204 USD
CY2016 us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
34744 USD
CY2015 us-gaap Gain Loss On Derivative Instruments Net Pretax
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-1098465 USD
CY2015 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
0 USD
CY2015 us-gaap Amortization Of Debt Discount Premium
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751968 USD
CY2015 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
46447 USD
CY2015 us-gaap Interest Expense
InterestExpense
155223 USD
CY2015 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-2086022 USD
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-13427478 USD
CY2015 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 USD
CY2015 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
1514081 USD
CY2015 us-gaap Net Income Loss Available To Common Stockholders Basic
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-14941559 USD
CY2015 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.97
CY2017 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
21013907 shares
CY2016 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
16908544 shares
CY2015 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
15408724 shares
CY2015 us-gaap Capitalized Computer Software Amortization1
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286450 USD
CY2015 vuzi Common Stock Awards Compensation Expense
CommonStockAwardsCompensationExpense
1669700 USD
CY2015 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
46447 USD
CY2015 us-gaap Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
1057074 USD
CY2015 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-1098465 USD
CY2015 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-57839 USD
CY2015 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
2437149 USD
CY2015 vuzi Increase Decrease In Vendors Prepayments
IncreaseDecreaseInVendorsPrepayments
213320 USD
CY2015 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
306078 USD
CY2015 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-1276132 USD
CY2015 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
143830 USD
CY2015 us-gaap Increase Decrease In Customer Deposits
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-92703 USD
CY2015 us-gaap Increase Decrease In Deferred Revenue
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16078 USD
CY2015 us-gaap Increase Decrease In Accrued Income Taxes Payable
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-28085 USD
CY2015 us-gaap Increase Decrease In Employee Related Liabilities
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-70067 USD
CY2015 us-gaap Increase Decrease In Interest Payable Net
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92171 USD
CY2015 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-11668079 USD
CY2015 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1892831 USD
CY2015 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
191908 USD
CY2015 us-gaap Net Cash Provided By Used In Investing Activities
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-2084739 USD
CY2015 us-gaap Proceeds From Warrant Exercises
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1272627 USD
CY2015 us-gaap Repayments Of Long Term Capital Lease Obligations
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16882 USD
CY2015 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
197167 USD
CY2015 us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
24813000 USD
CY2015 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
214169 USD
CY2016 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
21112500 USD
CY2015 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 USD
CY2016 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
1874485 USD
CY2015 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
0 USD
CY2015 us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
-112500 USD
CY2015 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
0 USD
CY2015 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
25544909 USD
CY2015 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
11792091 USD
CY2014Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
84967 USD
CY2015 us-gaap Interest Paid Net
InterestPaidNet
41194 USD
CY2015 vuzi Common Stock Issued And Warrant Issued For Services Prepaid Expense
CommonStockIssuedAndWarrantIssuedForServicesPrepaidExpense
936937 USD
CY2015 us-gaap Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
472500 USD
CY2015 vuzi Reclassification Of Derivative Liability To Paidin Capital Upon Waiver Of Certain Antidilutive Provisions Of Warrants And Convertible Debt
ReclassificationOfDerivativeLiabilityToPaidinCapitalUponWaiverOfCertainAntidilutiveProvisionsOfWarrantsAndConvertibleDebt
11543354 USD
CY2017 vuzi Receivable From Stock Option Excercised
ReceivableFromStockOptionExcercised
0 USD
CY2015Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
240786 USD
CY2016Q4 us-gaap Class Of Warrant Or Right Number Of Securities Called By Each Warrant Or Right
ClassOfWarrantOrRightNumberOfSecuritiesCalledByEachWarrantOrRight
38100 shares
CY2015 vuzi Receivable From Stock Option Excercised
ReceivableFromStockOptionExcercised
0 USD
CY2017 us-gaap Use Of Estimates
UseOfEstimates
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;BACKGROUND-COLOR: transparent; TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;BACKGROUND-COLOR: transparent; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal"> <strong><i>Use of Estimates</i></strong></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal"> &#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal"> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal"> The preparation of the consolidated financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at year end and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.&#160;</div> </div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
CY2017 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<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: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;BACKGROUND-COLOR: transparent; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal"> <strong><i>Concentration of Credit Risk</i></strong></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal"> &#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal"> The Company maintains its cash in bank deposit accounts, which at times may exceed federally insured limits.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
CY2017 us-gaap Revenue Recognition Deferred Revenue
RevenueRecognitionDeferredRevenue
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;BACKGROUND-COLOR: transparent; TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;BACKGROUND-COLOR: transparent; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal"> <strong><i>Unearned Revenue</i></strong></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;BACKGROUND-COLOR: transparent; TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal"> &#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal"> These amounts represent deferred revenue against unfulfilled deliverables of multiple-element products, including unspecified post-delivery support and software updates.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
CY2016 vuzi Effective Income Tax Rate Reconciliation Loss On Valuation Of Derivative
EffectiveIncomeTaxRateReconciliationLossOnValuationOfDerivative
0 pure
CY2015 vuzi Effective Income Tax Rate Reconciliation Loss On Valuation Of Derivative
EffectiveIncomeTaxRateReconciliationLossOnValuationOfDerivative
-0.063 pure
CY2017 us-gaap Effective Income Tax Rate Reconciliation Prior Year Income Taxes
EffectiveIncomeTaxRateReconciliationPriorYearIncomeTaxes
-0.007 pure
CY2016 us-gaap Effective Income Tax Rate Reconciliation Prior Year Income Taxes
EffectiveIncomeTaxRateReconciliationPriorYearIncomeTaxes
0.005 pure
CY2015 us-gaap Effective Income Tax Rate Reconciliation Prior Year Income Taxes
EffectiveIncomeTaxRateReconciliationPriorYearIncomeTaxes
0.007 pure
CY2017 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
-0.193 pure
CY2016 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
0.341 pure
CY2017Q4 vuzi Accrued Revenue Current
AccruedRevenueCurrent
497784 USD
CY2016Q4 vuzi Accrued Revenue Current
AccruedRevenueCurrent
0 USD
CY2017Q4 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
152927 USD
CY2016Q4 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
0 USD
CY2017 us-gaap Advertising Expense
AdvertisingExpense
1386977 USD
CY2017 us-gaap Earnings Per Share Potentially Dilutive Securities
EarningsPerSharePotentiallyDilutiveSecurities
7,657,756
CY2017Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
6377260 USD
CY2016Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
5051522 USD
CY2017 us-gaap Adjustment For Amortization
AdjustmentForAmortization
77415 USD
CY2014Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
39624 USD
CY2017Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
167503 USD
CY2017 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
157035 USD
CY2017 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
283406 USD
CY2017 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
461246 USD
CY2017 vuzi Operating Lease Commencement Date
OperatingLeaseCommencementDate
2015-10-03
CY2017 us-gaap Lessee Leasing Arrangements Operating Leases Term Of Contract
LesseeLeasingArrangementsOperatingLeasesTermOfContract
P5Y
CY2017 us-gaap Lessee Leasing Arrangements Operating Leases Renewal Term
LesseeLeasingArrangementsOperatingLeasesRenewalTerm
P3Y
CY2016Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
173131 USD
CY2015 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
0.287 pure
CY2017 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.193 pure
CY2016 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.341 pure
CY2015 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.287 pure
CY2017 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0 pure
CY2014Q4 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
5236660 shares
CY2015 vuzi Class Of Warrant Or Right Exercised In Period
ClassOfWarrantOrRightExercisedInPeriod
4746755 shares
CY2015 vuzi Class Of Warrant Or Right Grants In Period
ClassOfWarrantOrRightGrantsInPeriod
60000 shares
CY2015 vuzi Class Of Warrant Or Right Expired In Period
ClassOfWarrantOrRightExpiredInPeriod
14814 shares
CY2017Q4 us-gaap Long Term Debt
LongTermDebt
0 USD
CY2016Q4 us-gaap Long Term Debt
LongTermDebt
1416480 USD
CY2017 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.34 pure
CY2016 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.340 pure
CY2015 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.340 pure
CY2017 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.003 pure
CY2016 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.003 pure
CY2015 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.003 pure
CY2017 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0 pure
CY2016 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.007 pure
CY2015 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0 pure
CY2017 vuzi Effective Income Tax Rate Reconciliation Loss On Valuation Of Derivative
EffectiveIncomeTaxRateReconciliationLossOnValuationOfDerivative
0 pure
CY2016 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0 pure
CY2015 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0 pure
CY2015Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
15027603 USD
CY2015Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
1823661 USD
CY2015Q4 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
161944 USD
CY2015Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Compensation
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeCompensation
141491 USD
CY2015Q4 vuzi Deferred Tax Assets Loss From Foreign Operations
DeferredTaxAssetsLossFromForeignOperations
0 USD
CY2015Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
89783 USD
CY2015Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
17244482 USD
CY2015Q4 vuzi Deferred Tax Assets Liabilities Gross
DeferredTaxAssetsLiabilitiesGross
-16972917 USD
CY2015Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
16972917 USD
CY2015Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
0 USD
CY2016Q4 vuzi Deferred Tax Assets Loss From Foreign Operations
DeferredTaxAssetsLossFromForeignOperations
197907 USD
CY2016 vuzi Class Of Warrant Or Right Outstanding Weighted Average Remaining Contractual Terms
ClassOfWarrantOrRightOutstandingWeightedAverageRemainingContractualTerms
P1Y3M18D
CY2016 invest Investment Warrants Exercise Price
InvestmentWarrantsExercisePrice
2.41
CY2015 vuzi Class Of Warrant Or Right Outstanding Weighted Average Remaining Contractual Terms
ClassOfWarrantOrRightOutstandingWeightedAverageRemainingContractualTerms
P2Y3M18D
CY2015 invest Investment Warrants Exercise Price
InvestmentWarrantsExercisePrice
2.43
CY2017 vuzi Stock Issued During Period Shares Warrant Exercised
StockIssuedDuringPeriodSharesWarrantExercised
168000 shares
CY2015 vuzi Class Of Warrant Exercised In Cash Basis
ClassOfWarrantExercisedInCashBasis
568488 shares
CY2015 us-gaap Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
1272627 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Net
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243717 USD
CY2016Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
0 USD
CY2017 vuzi Increase Decrease In Accrued Project Revenue
IncreaseDecreaseInAccruedProjectRevenue
497784 USD
CY2016 vuzi Increase Decrease In Accrued Project Revenue
IncreaseDecreaseInAccruedProjectRevenue
0 USD
CY2015 vuzi Increase Decrease In Accrued Project Revenue
IncreaseDecreaseInAccruedProjectRevenue
0 USD
CY2017 us-gaap Payments To Develop Software
PaymentsToDevelopSoftware
408723 USD
CY2017 vuzi Current Federal Income Tax Valuation Allowance
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3639752 USD
CY2016 us-gaap Payments To Develop Software
PaymentsToDevelopSoftware
0 USD
CY2015 us-gaap Payments To Develop Software
PaymentsToDevelopSoftware
0 USD
CY2018Q1 vuzi Increase In Retained Earnings
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100000 USD
CY2016Q4 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.37
CY2016Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.32
CY2016Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.28
CY2016Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.26
CY2016 us-gaap Capitalized Computer Software Additions
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0 USD
CY2017 us-gaap Capitalized Computer Software Additions
CapitalizedComputerSoftwareAdditions
408723 USD
CY2017Q4 us-gaap Class Of Warrant Or Right Outstanding
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49626 shares
CY2017Q3 us-gaap Proceeds From Issuance Of Common Stock
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7978321 USD
CY2017Q4 vuzi Class Of Warrant Or Right Issued
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1033062 shares
CY2017Q4 us-gaap Sales Revenue Net
SalesRevenueNet
1597 USD
CY2017Q3 us-gaap Sales Revenue Net
SalesRevenueNet
1405 USD
CY2017Q2 us-gaap Sales Revenue Net
SalesRevenueNet
1325 USD
CY2017Q1 us-gaap Sales Revenue Net
SalesRevenueNet
1211 USD
CY2017Q3 us-gaap Gross Profit
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-92 USD
CY2017Q2 us-gaap Gross Profit
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CY2017Q1 us-gaap Gross Profit
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149 USD
CY2017Q3 us-gaap Net Income Loss
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CY2017Q2 us-gaap Net Income Loss
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CY2017Q1 us-gaap Net Income Loss
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-4182 USD
CY2017Q4 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.29
CY2017Q3 us-gaap Earnings Per Share Basic And Diluted
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-0.28
CY2017Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.22
CY2017Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.23
CY2016Q4 us-gaap Sales Revenue Net
SalesRevenueNet
620 USD
CY2016Q3 us-gaap Sales Revenue Net
SalesRevenueNet
583 USD
CY2016Q2 us-gaap Sales Revenue Net
SalesRevenueNet
561 USD
CY2016Q1 us-gaap Sales Revenue Net
SalesRevenueNet
364 USD
CY2016Q4 us-gaap Gross Profit
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-562 USD
CY2016Q3 us-gaap Gross Profit
GrossProfit
-237 USD
CY2016Q2 us-gaap Gross Profit
GrossProfit
-126 USD
CY2016Q1 us-gaap Gross Profit
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-239 USD
CY2016Q4 us-gaap Net Income Loss
NetIncomeLoss
-6335 USD
CY2016Q3 us-gaap Net Income Loss
NetIncomeLoss
-5036 USD
CY2016Q2 us-gaap Net Income Loss
NetIncomeLoss
-4103 USD
CY2016Q1 us-gaap Net Income Loss
NetIncomeLoss
-3776 USD
CY2017Q4 us-gaap Due To Officers Or Stockholders Current And Noncurrent
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327469 USD
CY2017 us-gaap Interest Expense Related Party
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171435 USD
CY2017 us-gaap Other Comprehensive Income Loss Before Tax
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-19633502 USD
CY2016 us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
-19250082 USD
CY2015 us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
-13427478 USD
CY2017 us-gaap Current Federal Tax Expense Benefit
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0 USD
CY2016 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
0 USD
CY2015 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
-3730342 USD
CY2017 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
3639752 USD
CY2016 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-5963589 USD
CY2015 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
3730342 USD
CY2017 us-gaap Current Foreign Tax Expense Benefit
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0 USD
CY2016 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
0 USD
CY2015 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
0 USD
CY2017 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
215745 USD
CY2016 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-197907 USD
CY2015 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
0 USD
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
1767084 shares
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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1510244 shares
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
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1045143 shares
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
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2555387 shares
CY2017 us-gaap Valuation Allowances And Reserves Deductions
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0 USD
CY2015Q4 us-gaap Valuation Allowances And Reserves Balance
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487000 USD
CY2016 vuzi Current Federal Income Tax Valuation Allowance
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-5963589 USD
CY2015 vuzi Current Federal Income Tax Valuation Allowance
CurrentFederalIncomeTaxValuationAllowance
0 USD
CY2017 vuzi Current Foreign Income Tax Valuation Allowance
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215745 USD
CY2016 vuzi Current Foreign Income Tax Valuation Allowance
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-197907 USD
CY2015 vuzi Current Foreign Income Tax Valuation Allowance
CurrentForeignIncomeTaxValuationAllowance
0 USD
CY2017 us-gaap Current State And Local Tax Expense Benefit
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0 USD
CY2016 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
0 USD
CY2015 us-gaap Current State And Local Tax Expense Benefit
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CY2016 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
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0 pure
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CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
4.50
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137000 USD
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241000 USD
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0 USD
CY2016 us-gaap Valuation Allowances And Reserves Deductions
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0 USD
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624000 USD
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666000 USD
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6612500 USD
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7.25
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19238015 USD
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29960 USD
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7.00
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1033058 shares
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three-year
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-5446 USD
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CY2016 vuzi Class Of Warrant Exercised In Cashless Basis
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111232 shares
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250009 shares
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17838 USD

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