$VUZI
Vuzix Corp Stock $vuzi

$vuzi Overview Financials Valuation SEC Filings Company Website

2018 Q1 Form 10-Q Financial Statement

#000114420418027120 Filed on May 10, 2018

Income Statement

Concept	2018 Q1	2017 Q1
Revenue	$1.544M	$1.211M
YoY Change	27.49%	332592.31%
Cost Of Revenue	$1.367M	$1.062M
YoY Change	28.71%	76.11%
Gross Profit	$177.1K	$149.0K
YoY Change	18.88%	-62443.1%
Gross Profit Margin	11.47%	12.3%
Selling, General & Admin	$3.199M	$2.266M
YoY Change	41.18%	12.59%
% of Gross Profit	1806.25%	1520.93%
Research & Development	$2.056M	$1.669M
YoY Change	23.18%	30.93%
% of Gross Profit	1160.64%	1120.1%
Depreciation & Amortization	$270.0K	$310.0K
YoY Change	-12.9%	29.17%
% of Gross Profit	152.43%	208.05%
Operating Expenses	$5.529M	$4.175M
YoY Change	32.43%	20.78%
Operating Profit	-$5.352M	-$4.026M
YoY Change	32.92%	8.94%
Interest Expense	$9.213K	$40.97K
YoY Change	-77.51%	22.1%
% of Operating Profit
Other Income/Expense, Net	-$14.04K	-$155.6K
YoY Change	-90.98%	94.78%
Pretax Income	-$5.366M	-$4.182M
YoY Change	28.31%	10.75%
Income Tax	$0.00	$0.00
% Of Pretax Income
Net Earnings	-$5.366M	-$4.182M
YoY Change	28.3%	110652.12%
Net Earnings / Revenue	-347.54%	-345.33%
Basic Earnings Per Share
Diluted Earnings Per Share	-$198.4K	-$206.3K
COMMON SHARES
Basic Shares Outstanding	27.30M shares	20.21M shares
Diluted Shares Outstanding

Balance Sheet

Concept	2018 Q1	2017 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$36.10M	$10.40M
YoY Change	247.12%	26.83%
Cash & Equivalents	$36.07M	$10.40M
Short-Term Investments
Other Short-Term Assets	$600.0K	$800.0K
YoY Change	-25.0%	0.0%
Inventory	$4.300M	$2.700M
Prepaid Expenses
Receivables	$1.100M	$300.0K
Other Receivables	$0.00	$0.00
Total Short-Term Assets	$42.00M	$14.20M
YoY Change	195.77%	13.6%
LONG-TERM ASSETS
Property, Plant & Equipment	$4.179M	$3.413M
YoY Change	22.43%	48.4%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets	$5.800M	$4.100M
YoY Change	41.46%	28.13%
TOTAL ASSETS
Total Short-Term Assets	$42.00M	$14.20M
Total Long-Term Assets	$5.800M	$4.100M
Total Assets	$47.80M	$18.30M
YoY Change	161.2%	16.56%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$1.700M	$1.000M
YoY Change	70.0%	150.0%
Accrued Expenses	$1.076M	$1.200M
YoY Change	-10.34%	50.0%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due		$500.0K
YoY Change		400.0%
Total Short-Term Liabilities	$3.182M	$3.200M
YoY Change	-0.58%	128.57%
LONG-TERM LIABILITIES
Long-Term Debt	$0.00	$0.00
YoY Change		-100.0%
Other Long-Term Liabilities		$200.0K
YoY Change		-50.0%
Total Long-Term Liabilities	$0.00	$0.00
YoY Change		-100.0%
TOTAL LIABILITIES
Total Short-Term Liabilities	$3.182M	$3.200M
Total Long-Term Liabilities	$0.00	$0.00
Total Liabilities	$3.182M	$3.400M
YoY Change	-6.43%	9.68%
SHAREHOLDERS EQUITY
Retained Earnings	-$96.39M
YoY Change
Common Stock	$27.31K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$44.58M	$14.90M
YoY Change
Total Liabilities & Shareholders Equity	$47.77M	$18.30M
YoY Change	161.02%	16.56%

Cashflow Statement

Concept	2018 Q1	2017 Q1
OPERATING ACTIVITIES
Net Income	-$5.366M	-$4.182M
YoY Change	28.3%	110652.12%
Depreciation, Depletion And Amortization	$270.0K	$310.0K
YoY Change	-12.9%	29.17%
Cash From Operating Activities	-$6.471M	-$3.833M
YoY Change	68.81%	19.32%
INVESTING ACTIVITIES
Capital Expenditures	$306.7K	$262.8K
YoY Change	16.73%	-36.13%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities	-$415.2K	-$305.1K
YoY Change	36.08%	-31.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net	$30.00M	$0.00
YoY Change
Debt Paid & Issued, Net		$0.00
YoY Change		-100.0%
Cash From Financing Activities	28.06M	$0.00
YoY Change		-100.0%
NET CHANGE
Cash From Operating Activities	-6.471M	-$3.833M
Cash From Investing Activities	-415.2K	-$305.1K
Cash From Financing Activities	28.06M	$0.00
Net Change In Cash	21.18M	-$4.138M
YoY Change	-611.76%	12.97%
FREE CASH FLOW
Cash From Operating Activities	-$6.471M	-$3.833M
Capital Expenditures	$306.7K	$262.8K
Free Cash Flow	-$6.778M	-$4.096M
YoY Change	65.47%	13.02%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2018Q1	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	1075932	USD
CY2018Q1	us-gaap	Liabilities Liabilities	3181536	USD
CY2017Q4	us-gaap	Liabilities Liabilities	5453540	USD
CY2018Q1	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	47766398	USD
CY2017Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	26833253	USD
CY2018Q1	us-gaap	Preferred Stock Value PreferredStockValue	50	USD
CY2017Q4	us-gaap	Preferred Stock Value PreferredStockValue	50	USD
CY2018Q1	us-gaap	Common Stock Value CommonStockValue	27307	USD
CY2017Q4	us-gaap	Common Stock Value CommonStockValue	24276	USD
CY2018Q1	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	146313883	USD
CY2017Q4	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	117827839	USD
CY2018Q1	us-gaap	Stockholders Equity StockholdersEquity	44584862	USD
CY2017Q4	us-gaap	Stockholders Equity StockholdersEquity	21379713	USD
CY2018Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-101756378	USD
CY2017Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-96472452	USD
CY2018Q1	us-gaap	Capitalized Computer Software Net CapitalizedComputerSoftwareNet	452473	USD
CY2017Q4	us-gaap	Capitalized Computer Software Net CapitalizedComputerSoftwareNet	408723	USD
CY2017Q4	us-gaap	Deferred Revenue Current DeferredRevenueCurrent	107824	USD
CY2017Q1	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	1235183	USD
CY2018Q1	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	1665229	USD
CY2017Q1	us-gaap	Depreciation And Amortization DepreciationAndAmortization	239830	USD
CY2018Q1	us-gaap	Depreciation And Amortization DepreciationAndAmortization	273622	USD
CY2017Q1	us-gaap	Taxes Other TaxesOther	10550	USD
CY2018Q1	us-gaap	Taxes Other TaxesOther	28542	USD
CY2017Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-4181812	USD
CY2018Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-5365650	USD
CY2018Q1	us-gaap	Net Income Loss NetIncomeLoss	-5365650	USD
CY2018Q1	us-gaap	Preferred Stock Dividends And Other Adjustments PreferredStockDividendsAndOtherAdjustments	438836	USD
CY2017Q1	us-gaap	Foreign Currency Transaction Gain Loss Before Tax ForeignCurrencyTransactionGainLossBeforeTax	1097	USD
CY2018Q1	us-gaap	Foreign Currency Transaction Gain Loss Before Tax ForeignCurrencyTransactionGainLossBeforeTax	-4418	USD
CY2017Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-155604	USD
CY2018Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-14040	USD
CY2018Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	-5351610	USD
CY2017Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	-4026208	USD
CY2018Q1	us-gaap	Investment Income Interest InvestmentIncomeInterest	0	USD
CY2017Q1	us-gaap	Investment Income Interest InvestmentIncomeInterest	17900	USD
CY2018Q1	us-gaap	Deferred Revenue Current DeferredRevenueCurrent	0	USD
CY2017Q4	us-gaap	Customer Deposits Current CustomerDepositsCurrent	73462	USD
CY2018Q1	us-gaap	Customer Deposits Current CustomerDepositsCurrent	210640	USD
CY2017Q4	vuzi	Prepaid Manufacturing Vendor Payments PrepaidManufacturingVendorPayments	154717	USD
CY2018Q1	vuzi	Prepaid Manufacturing Vendor Payments PrepaidManufacturingVendorPayments	126059	USD
CY2017Q4	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	1389771	USD
CY2018Q1	us-gaap	Accrued Income Taxes Current AccruedIncomeTaxesCurrent	22751	USD
CY2017Q4	us-gaap	Accrued Income Taxes Current AccruedIncomeTaxesCurrent	3500	USD
CY2018Q1	us-gaap	Liabilities Current LiabilitiesCurrent	3181536	USD
CY2017Q4	us-gaap	Liabilities Current LiabilitiesCurrent	5453540	USD
CY2018Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	4178799	USD
CY2017Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	4124466	USD
CY2017Q4	vuzi	Accrued Revenuecurrent AccruedRevenuecurrent	497784	USD
CY2018Q1	vuzi	Accrued Revenuecurrent AccruedRevenuecurrent	0	USD
CY2018Q1	us-gaap	Derivative Liabilities Current DerivativeLiabilitiesCurrent	124794	USD
CY2017Q4	us-gaap	Derivative Liabilities Current DerivativeLiabilitiesCurrent	152927	USD
CY2017Q1	us-gaap	Sales Revenue Goods Net SalesRevenueGoodsNet	959383	USD
CY2018Q1	us-gaap	Sales Revenue Goods Net SalesRevenueGoodsNet	1363379	USD
CY2017Q1	us-gaap	Sales Revenue Services Net SalesRevenueServicesNet	251280	USD
CY2018Q1	us-gaap	Sales Revenue Services Net SalesRevenueServicesNet	180516	USD
CY2017Q1	us-gaap	Sales Revenue Net SalesRevenueNet	1210663	USD
CY2018Q1	us-gaap	Sales Revenue Net SalesRevenueNet	1543895	USD
CY2017Q1	us-gaap	Cost Of Goods Sold CostOfGoodsSold	953903	USD
CY2018Q1	us-gaap	Cost Of Goods Sold CostOfGoodsSold	1182215	USD
CY2017Q1	us-gaap	Cost Of Services CostOfServices	108000	USD
CY2018Q1	us-gaap	Cost Of Services CostOfServices	184555	USD
CY2017Q1	us-gaap	Cost Of Revenue CostOfRevenue	1061903	USD
CY2018Q1	us-gaap	Cost Of Revenue CostOfRevenue	1366770	USD
CY2017Q1	us-gaap	Gross Profit GrossProfit	148760	USD
CY2018Q1	us-gaap	Gross Profit GrossProfit	177125	USD
CY2017Q1	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	1668956	USD
CY2018Q1	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	2055787	USD
CY2017Q1	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	1030999	USD
CY2018Q1	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	1534097	USD
CY2018Q1	us-gaap	Gain Loss On Derivative Instruments Net Pretax GainLossOnDerivativeInstrumentsNetPretax	28133	USD
CY2017Q1	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	-0.23
CY2018Q1	us-gaap	Interest Expense InterestExpense	9213	USD
CY2018Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-5804486	USD
CY2018Q1	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	26296188	shares
CY2018Q1	us-gaap	Share Based Compensation ShareBasedCompensation	424700	USD
CY2018Q1	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	77165	USD
CY2017Q1	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	217261	USD
CY2018Q1	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	424013	USD
CY2017Q1	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	69614	USD
CY2018Q1	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	-277615	USD
CY2017Q1	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	-246687	USD
CY2018Q1	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	-1978637	USD
CY2017Q1	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	-82323	USD
CY2018Q1	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	-211052	USD
CY2017Q1	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	49262	USD
CY2018Q1	us-gaap	Increase Decrease In Customer Deposits IncreaseDecreaseInCustomerDeposits	137178	USD
CY2017Q1	us-gaap	Increase Decrease In Customer Deposits IncreaseDecreaseInCustomerDeposits	42123	USD
CY2018Q1	us-gaap	Increase Decrease In Accrued Income Taxes Payable IncreaseDecreaseInAccruedIncomeTaxesPayable	19251	USD
CY2017Q1	us-gaap	Increase Decrease In Accrued Income Taxes Payable IncreaseDecreaseInAccruedIncomeTaxesPayable	-1169	USD
CY2018Q1	us-gaap	Increase Decrease In Interest Payable Net IncreaseDecreaseInInterestPayableNet	-10787	USD
CY2017Q1	us-gaap	Increase Decrease In Interest Payable Net IncreaseDecreaseInInterestPayableNet	40926	USD
CY2018Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-6470978	USD
CY2017Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-3833199	USD
CY2018Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	306739	USD
CY2017Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	262774	USD
CY2018Q1	us-gaap	Payments To Acquire Intangible Assets PaymentsToAcquireIntangibleAssets	64664	USD
CY2017Q1	us-gaap	Payments To Acquire Intangible Assets PaymentsToAcquireIntangibleAssets	42315	USD
CY2018Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-415153	USD
CY2017Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-305089	USD
CY2018Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	28064375	USD
CY2017Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	0	USD
CY2018Q1	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	21178244	USD
CY2017Q1	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	-4138288	USD
CY2016Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	14533944	USD
CY2017Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	10395656	USD
CY2018Q1	us-gaap	Interest Paid Net InterestPaidNet	19999	USD
CY2017Q1	us-gaap	Interest Paid Net InterestPaidNet	10690	USD
CY2017Q1	us-gaap	Issuance Of Stock And Warrants For Services Or Claims IssuanceOfStockAndWarrantsForServicesOrClaims	0	USD
CY2018Q1	us-gaap	Issuance Of Stock And Warrants For Services Or Claims IssuanceOfStockAndWarrantsForServicesOrClaims	83751	USD
CY2017Q1	us-gaap	Capitalized Computer Software Amortization1 CapitalizedComputerSoftwareAmortization1	71613	USD
CY2018Q1	us-gaap	Capitalized Computer Software Amortization1 CapitalizedComputerSoftwareAmortization1	0	USD
CY2017Q1	us-gaap	Increase Decrease In Deferred Revenue IncreaseDecreaseInDeferredRevenue	-211399	USD
CY2018Q1	us-gaap	Increase Decrease In Deferred Revenue IncreaseDecreaseInDeferredRevenue	-26100	USD
CY2017Q1	vuzi	Increase Decrease In Vendors Prepayments IncreaseDecreaseInVendorsPrepayments	68111	USD
CY2018Q1	vuzi	Increase Decrease In Vendors Prepayments IncreaseDecreaseInVendorsPrepayments	-28658	USD
CY2017Q1	us-gaap	Debt Conversion Converted Instrument Amount1 DebtConversionConvertedInstrumentAmount1	1197341	USD
CY2018Q1	us-gaap	Debt Conversion Converted Instrument Amount1 DebtConversionConvertedInstrumentAmount1	0	USD
CY2017Q1	us-gaap	Increase Decrease In Employee Related Liabilities IncreaseDecreaseInEmployeeRelatedLiabilities	-25110	USD
CY2018Q1	us-gaap	Increase Decrease In Employee Related Liabilities IncreaseDecreaseInEmployeeRelatedLiabilities	-92000	USD
CY2018Q1	us-gaap	Derivative Gain Loss On Derivative Net DerivativeGainLossOnDerivativeNet	28133	USD
CY2017Q1	us-gaap	Derivative Gain Loss On Derivative Net DerivativeGainLossOnDerivativeNet	22560	USD
CY2018Q1	us-gaap	Amortization Of Debt Discount Premium AmortizationOfDebtDiscountPremium	0	USD
CY2017Q1	us-gaap	Amortization Of Debt Discount Premium AmortizationOfDebtDiscountPremium	145645	USD
CY2018Q1	us-gaap	Payments To Develop Software PaymentsToDevelopSoftware	43750	USD
CY2017Q1	us-gaap	Payments To Develop Software PaymentsToDevelopSoftware	0	USD
CY2018Q1	us-gaap	Proceeds From Warrant Exercises ProceedsFromWarrantExercises	39375	USD
CY2018Q1	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	30000000	USD
CY2017Q1	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	0	USD
CY2018Q1	us-gaap	Earnings Per Share Potentially Dilutive Securities EarningsPerSharePotentiallyDilutiveSecurities	8,800,821
CY2017Q1	us-gaap	Earnings Per Share Potentially Dilutive Securities EarningsPerSharePotentiallyDilutiveSecurities	6,446,784
CY2018Q1	us-gaap	Inventory Raw Materials And Purchased Parts Net Of Reserves InventoryRawMaterialsAndPurchasedPartsNetOfReserves	2078104	USD
CY2017Q4	us-gaap	Inventory Raw Materials And Purchased Parts Net Of Reserves InventoryRawMaterialsAndPurchasedPartsNetOfReserves	1669209	USD
CY2018Q1	us-gaap	Inventory Work In Process Net Of Reserves InventoryWorkInProcessNetOfReserves	7179	USD
CY2017Q4	us-gaap	Inventory Work In Process Net Of Reserves InventoryWorkInProcessNetOfReserves	25090	USD
CY2018Q1	us-gaap	Inventory Finished Goods Net Of Reserves InventoryFinishedGoodsNetOfReserves	3410879	USD
CY2017Q4	us-gaap	Inventory Finished Goods Net Of Reserves InventoryFinishedGoodsNetOfReserves	2994342	USD
CY2018Q1	us-gaap	Inventory Valuation Reserves InventoryValuationReserves	1219832	USD
CY2017Q4	us-gaap	Inventory Valuation Reserves InventoryValuationReserves	836324	USD
CY2018Q1	us-gaap	Accrued Employee Benefits Current AccruedEmployeeBenefitsCurrent	259910	USD
CY2017Q4	us-gaap	Accrued Employee Benefits Current AccruedEmployeeBenefitsCurrent	163305	USD
CY2018Q1	vuzi	Accrued Compensation AccruedCompensation	235469	USD
CY2017Q4	vuzi	Accrued Compensation AccruedCompensation	327469	USD
CY2018Q1	us-gaap	Accrued Professional Fees Current AccruedProfessionalFeesCurrent	185400	USD
CY2017Q4	us-gaap	Accrued Professional Fees Current AccruedProfessionalFeesCurrent	531728	USD
CY2018Q1	us-gaap	Product Warranty Accrual Classified Current ProductWarrantyAccrualClassifiedCurrent	198016	USD
CY2017Q4	us-gaap	Product Warranty Accrual Classified Current ProductWarrantyAccrualClassifiedCurrent	167503	USD
CY2017Q4	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	28331	USD
CY2018Q1	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	36488	USD
CY2017Q4	us-gaap	Deposit Liabilities Accrued Interest DepositLiabilitiesAccruedInterest	171435	USD
CY2018Q1	us-gaap	Deposit Liabilities Accrued Interest DepositLiabilitiesAccruedInterest	160649	USD
CY2018Q1	vuzi	Officers Compensation Payable Compounding Monthly Interest Rate OfficersCompensationPayableCompoundingMonthlyInterestRate	0.08	pure
CY2018Q1	us-gaap	Product Warranty Accrual ProductWarrantyAccrual	198016	USD
CY2018Q1	us-gaap	Product Warranty Accrual Payments ProductWarrantyAccrualPayments	92547	USD
CY2018Q1	us-gaap	Product Warranty Accrual Warranties Issued ProductWarrantyAccrualWarrantiesIssued	123060	USD
CY2018Q1	us-gaap	Class Of Warrant Or Right Number Of Securities Called By Each Warrant Or Right ClassOfWarrantOrRightNumberOfSecuritiesCalledByEachWarrantOrRight	38100	shares
CY2018Q1	us-gaap	Liabilities Fair Value Disclosure Recurring LiabilitiesFairValueDisclosureRecurring	124794	USD
CY2018Q1	us-gaap	Derivative Fair Value Of Derivative Liability DerivativeFairValueOfDerivativeLiability	124794	USD
CY2017Q4	us-gaap	Liabilities Fair Value Disclosure Recurring LiabilitiesFairValueDisclosureRecurring	152927	USD
CY2017Q4	us-gaap	Derivative Fair Value Of Derivative Liability DerivativeFairValueOfDerivativeLiability	152927	USD
CY2018Q1	us-gaap	Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Period Increase Decrease FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPeriodIncreaseDecrease	-28133	USD
CY2018Q1	us-gaap	Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue	124794	USD
CY2018Q1	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	5000000	shares
CY2018Q1	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	49626	shares
CY2017Q4	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	49626	shares
CY2018Q1	us-gaap	Dividends Payable Current And Noncurrent DividendsPayableCurrentAndNoncurrent	5287899	USD
CY2017Q4	us-gaap	Dividends Payable Current And Noncurrent DividendsPayableCurrentAndNoncurrent	4849063	USD
CY2018Q1	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.001
CY2018Q1	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	100000000	shares
CY2018Q1	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	27307455	shares
CY2017Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	24276275	shares
CY2017Q4	us-gaap	Class Of Warrant Or Right Outstanding ClassOfWarrantOrRightOutstanding	1184912	shares
CY2018Q1	vuzi	Class Of Warrant Or Right Exercised In Period ClassOfWarrantOrRightExercisedInPeriod	27500	shares
CY2018Q1	vuzi	Class Of Warrant Or Right Grants In Period ClassOfWarrantOrRightGrantsInPeriod	1200000	shares
CY2018Q1	us-gaap	Class Of Warrant Or Right Outstanding ClassOfWarrantOrRightOutstanding	2357412	shares
CY2018Q1	vuzi	Class Of Warrant Or Right Expired In Period ClassOfWarrantOrRightExpiredInPeriod	0	shares
CY2018Q1	vuzi	Class Of Warrant Or Right Outstanding Weighted Average Remaining Contractual Terms ClassOfWarrantOrRightOutstandingWeightedAverageRemainingContractualTerms	P1Y10M6D
CY2018Q1	invest	Investment Warrants Exercise Price InvestmentWarrantsExercisePrice	8.29
CY2018Q1	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2	P7Y6M
CY2017	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2	P7Y7M6D
CY2018Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber	850721	shares
CY2018Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice	4.55
CY2018Q1	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1	P6Y7M6D
CY2018Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber	630088	shares
CY2018Q1	vuzi	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageExercisePrice	5.57
CY2018Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Outstanding Weighted Average Remaining Contractual Terms ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageRemainingContractualTerms	P8Y8M12D
CY2018Q1	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized	3130000	USD
CY2018Q1	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1 EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1	P2Y9M18D
CY2018Q1	us-gaap	Operating Leases Future Minimum Payments Due OperatingLeasesFutureMinimumPaymentsDue	1177260	USD
CY2018Q1	us-gaap	Operating Leases Future Minimum Payments Due In Five Years OperatingLeasesFutureMinimumPaymentsDueInFiveYears	9119	USD
CY2018Q1	us-gaap	Operating Leases Future Minimum Payments Due Current OperatingLeasesFutureMinimumPaymentsDueCurrent	332932	USD
CY2018Q1	us-gaap	Operating Leases Future Minimum Payments Due In Two Years OperatingLeasesFutureMinimumPaymentsDueInTwoYears	443910	USD
CY2018Q1	us-gaap	Operating Leases Future Minimum Payments Due In Three Years OperatingLeasesFutureMinimumPaymentsDueInThreeYears	383483	USD
CY2018Q1	us-gaap	Operating Leases Future Minimum Payments Due In Four Years OperatingLeasesFutureMinimumPaymentsDueInFourYears	7816	USD
CY2018Q1	us-gaap	Lease And Rental Expense LeaseAndRentalExpense	112896	USD
CY2017Q1	us-gaap	Lease And Rental Expense LeaseAndRentalExpense	110369	USD
CY2018Q1	us-gaap	Basis Of Accounting BasisOfAccounting	<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 0pt 34.55pt; 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"> <b>Note 1  Basis of Presentation</b></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"> <b> </b></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 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 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, 2017 was derived from the audited Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2017 (the “Annual Report”).</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> <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 accompanying Condensed Consolidated Financial Statements should be read in conjunction with the audited Consolidated Financial Statements of the Company as of December 31, 2017, as reported in the Company’s Annual Report.</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> <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 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 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;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal"> For the three months ended March 31, 2018, Toshiba Japan represented <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 94</font>% of engineering revenues and <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 18</font>% of total revenues as compared to <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 96</font>% and <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 20</font>%, respectively, in the comparable 2017 period. As of March 31, 2018 and 2017, Toshiba Japan accounted for <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 25</font>% and <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 75</font>% of accounts receivables and accrued project revenue, respectively.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
CY2017Q4	us-gaap	Product Warranty Accrual ProductWarrantyAccrual	167503	USD
CY2017Q4	us-gaap	Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue	152927	USD
CY2018Q1	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.001
CY2017Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	5000000	shares
CY2018Q1	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	49626	shares
CY2017Q4	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	49626	shares
CY2017Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	100000000	shares
CY2018Q1	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	27307455	shares
CY2017Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	24276275	shares
CY2018Q1	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	246488	USD
CY2017Q4	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	243717	USD
CY2018Q1	us-gaap	Operating Expenses OperatingExpenses	5528735	USD
CY2017Q1	us-gaap	Operating Expenses OperatingExpenses	4174968	USD
CY2018Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	0	USD
CY2017Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	0	USD
CY2018Q1	vuzi	Increasedecrease In Accrued Revenue IncreasedecreaseInAccruedRevenue	-497784	USD
CY2017Q1	vuzi	Increasedecrease In Accrued Revenue IncreasedecreaseInAccruedRevenue	0	USD
CY2018Q1	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	1975000	USD
CY2017Q1	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	0	USD
CY2017Q1	vuzi	Reclassification Of Derivative Liability To Paidin Capital Upon Waiver Of Certain Antidilutive Provisions Of Warrants And Convertible Debt ReclassificationOfDerivativeLiabilityToPaidinCapitalUponWaiverOfCertainAntidilutiveProvisionsOfWarrantsAndConvertibleDebt	14820	USD
CY2018Q1	vuzi	Cumulative Revenue Adjustment CumulativeRevenueAdjustment	81724	USD
CY2018Q1	us-gaap	Cumulative Effect On Retained Earnings Net Of Tax1 CumulativeEffectOnRetainedEarningsNetOfTax1	81724	USD
CY2018Q1	vuzi	Stock Issued During Period Value Exercise Of Warrants StockIssuedDuringPeriodValueExerciseOfWarrants	39375	USD
CY2018Q1	us-gaap	Stock Issued During Period Value Share Based Compensation Gross StockIssuedDuringPeriodValueShareBasedCompensationGross	424700	USD
CY2018Q1	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	30000000	USD
CY2018Q1	us-gaap	Adjustments To Additional Paid In Capital Stock Issued Issuance Costs AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts	1975000	USD
CY2018Q1	us-gaap	Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1 ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1	10.00
CY2018Q1	us-gaap	Proceeds From Issuance Or Sale Of Equity ProceedsFromIssuanceOrSaleOfEquity	28025000	USD
CY2017Q4	us-gaap	Deferred Revenue DeferredRevenue	81724	USD
CY2018Q1	us-gaap	Deferred Revenue Period Increase Decrease DeferredRevenuePeriodIncreaseDecrease	-81724	USD
CY2018Q1	us-gaap	Deferred Revenue DeferredRevenue	0	USD
CY2017Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-96472452	USD
CY2018Q1	us-gaap	Cumulative Effect On Retained Earnings Net Of Tax1 CumulativeEffectOnRetainedEarningsNetOfTax1	81724	USD
CY2018Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-96390728	USD
CY2018Q1	vuzi	Revenue Performance Obligation Percentage RevenuePerformanceObligationPercentage	1	pure
CY2018Q1	us-gaap	Revenue Remaining Performance Obligation RevenueRemainingPerformanceObligation	944000	USD
CY2018Q1	us-gaap	Amortization Of Financing Costs And Discounts AmortizationOfFinancingCostsAndDiscounts	0	USD
CY2017Q1	us-gaap	Amortization Of Financing Costs And Discounts AmortizationOfFinancingCostsAndDiscounts	145645	USD
CY2017Q4	us-gaap	Class Of Warrant Or Right Number Of Securities Called By Each Warrant Or Right ClassOfWarrantOrRightNumberOfSecuritiesCalledByEachWarrantOrRight	38100	shares
CY2017Q1	vuzi	Cumulative Revenue Adjustment CumulativeRevenueAdjustment	0	USD
CY2018Q1	vuzi	Reclassification Of Derivative Liability To Paidin Capital Upon Waiver Of Certain Antidilutive Provisions Of Warrants And Convertible Debt ReclassificationOfDerivativeLiabilityToPaidinCapitalUponWaiverOfCertainAntidilutiveProvisionsOfWarrantsAndConvertibleDebt	0	USD
CY2018Q1	us-gaap	Gain Contingency Description GainContingencyDescription	We filed a defamation lawsuit against Ricardo Antonio Pearson (a\k\a Richard Pearson) in the Supreme Court of the State of New York, County of New York on April 5, 2018. The Company’s complaint against Mr. Pearson alleges he published false and defamatory articles about the Company. Vuzix is seeking damages in excess of $80 million, including punitive damages, and money damages.
CY2018Q1	us-gaap	Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights	1200000	shares

Files In Submission

Name	View Source	Status
0001144204-18-027120-index-headers.html	Edgar Link	pending
0001144204-18-027120-index.html	Edgar Link	pending
0001144204-18-027120.txt	Edgar Link	pending
0001144204-18-027120-xbrl.zip	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
R1.htm	Edgar Link	pending
R10.htm	Edgar Link	pending
R11.htm	Edgar Link	pending
R12.htm	Edgar Link	pending
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R51.htm	Edgar Link	pending
R6.htm	Edgar Link	pending
R7.htm	Edgar Link	pending
R8.htm	Edgar Link	pending
R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending
tv493079_10q.htm	Edgar Link	pending
tv493079_ex31-1.htm	Edgar Link	pending
tv493079_ex31-2.htm	Edgar Link	pending
tv493079_ex32-1.htm	Edgar Link	pending
tv493079_ex32-2.htm	Edgar Link	pending
vuzi-20180331.xml	Edgar Link	completed
vuzi-20180331.xsd	Edgar Link	pending
vuzi-20180331_cal.xml	Edgar Link	unprocessable
vuzi-20180331_def.xml	Edgar Link	unprocessable
vuzi-20180331_lab.xml	Edgar Link	unprocessable
vuzi-20180331_pre.xml	Edgar Link	unprocessable

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$VUZI
Vuzix Corp Stock $vuzi

2018 Q1 Form 10-Q Financial Statement

#000114420418027120 Filed on May 10, 2018

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$VUZI Vuzix Corp Stock $vuzi

2018 Q1 Form 10-Q Financial Statement

#000114420418027120 Filed on May 10, 2018

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$VUZI
Vuzix Corp Stock $vuzi