2018 Q3 Form 10-Q Financial Statement
#000114420418043275 Filed on August 09, 2018
Income Statement
| Concept | 2018 Q3 | 2018 Q2 | 2017 Q2 |
|---|---|---|---|
| Revenue | $1.923M | $2.648M | $1.325M |
| YoY Change | 36.87% | 99.85% | 236085.38% |
| Cost Of Revenue | $1.302M | $1.977M | $1.755M |
| YoY Change | -13.0% | 12.69% | 155.45% |
| Gross Profit | $621.0K | $670.0K | -$429.0K |
| YoY Change | -775.0% | -256.18% | 340376.19% |
| Gross Profit Margin | 32.29% | 25.3% | -32.38% |
| Selling, General & Admin | $2.633M | $3.865M | $2.109M |
| YoY Change | 4.42% | 83.31% | 13.92% |
| % of Gross Profit | 423.98% | 576.91% | |
| Research & Development | $2.468M | $2.564M | $1.199M |
| YoY Change | 63.87% | 113.87% | -28.17% |
| % of Gross Profit | 397.5% | 382.7% | |
| Depreciation & Amortization | $460.0K | $300.0K | $310.0K |
| YoY Change | 43.75% | -3.23% | 24.0% |
| % of Gross Profit | 74.07% | 44.78% | |
| Operating Expenses | $5.464M | $6.724M | $3.550M |
| YoY Change | 0.61% | 89.39% | 0.87% |
| Operating Profit | -$4.843M | -$6.054M | -$3.980M |
| YoY Change | -12.31% | 52.12% | 3.92% |
| Interest Expense | $2.937K | $6.977K | $24.29K |
| YoY Change | -76.68% | -71.28% | -27.58% |
| % of Operating Profit | |||
| Other Income/Expense, Net | $45.19K | -$94.20K | -$90.13K |
| YoY Change | 123.15% | 4.51% | -67.07% |
| Pretax Income | -$4.798M | -$6.148M | -$4.070M |
| YoY Change | -12.8% | 51.06% | -0.81% |
| Income Tax | $0.00 | $0.00 | $0.00 |
| % Of Pretax Income | |||
| Net Earnings | -$4.798M | -$6.148M | -$4.070M |
| YoY Change | -12.8% | 51.06% | 99095.71% |
| Net Earnings / Revenue | -249.51% | -232.18% | -307.17% |
| Basic Earnings Per Share | |||
| Diluted Earnings Per Share | -$174.5K | -$225.0K | -$186.3K |
| COMMON SHARES | |||
| Basic Shares Outstanding | 27.43M shares | 20.41M shares | |
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2018 Q3 | 2018 Q2 | 2017 Q2 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $23.50M | $29.20M | $6.100M |
| YoY Change | 170.11% | 378.69% | 32.61% |
| Cash & Equivalents | $23.47M | $29.15M | $6.129M |
| Short-Term Investments | |||
| Other Short-Term Assets | $2.000M | $1.200M | $700.0K |
| YoY Change | 122.22% | 71.43% | -46.15% |
| Inventory | $6.803M | $5.274M | $3.400M |
| Prepaid Expenses | |||
| Receivables | $1.048M | $2.045M | $600.0K |
| Other Receivables | $0.00 | $0.00 | $0.00 |
| Total Short-Term Assets | $33.34M | $37.67M | $10.80M |
| YoY Change | 145.13% | 248.84% | 13.68% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $4.075M | $4.146M | $3.586M |
| YoY Change | 4.49% | 15.6% | 37.93% |
| Goodwill | |||
| YoY Change | |||
| Intangibles | $1.070M | $879.2K | |
| YoY Change | |||
| Long-Term Investments | $300.0K | $300.0K | |
| YoY Change | |||
| Other Assets | $469.3K | $472.2K | |
| YoY Change | |||
| Total Long-Term Assets | $5.839M | $5.993M | $4.368M |
| YoY Change | 19.17% | 37.21% | 28.47% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $33.34M | $37.67M | $10.80M |
| Total Long-Term Assets | $5.839M | $5.993M | $4.368M |
| Total Assets | $39.18M | $43.67M | $15.17M |
| YoY Change | 111.77% | 187.89% | 17.58% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $1.796M | $2.619M | $1.809M |
| YoY Change | -0.22% | 44.77% | 64.47% |
| Accrued Expenses | $1.243M | $1.596M | $1.064M |
| YoY Change | 3.55% | 49.9% | 18.27% |
| Deferred Revenue | $316.5K | ||
| YoY Change | |||
| Short-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Long-Term Debt Due | $0.00 | ||
| YoY Change | -100.0% | ||
| Total Short-Term Liabilities | $3.582M | $4.707M | $3.063M |
| YoY Change | 8.55% | 53.68% | -19.4% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Other Long-Term Liabilities | $200.0K | ||
| YoY Change | -33.33% | ||
| Total Long-Term Liabilities | $0.00 | $0.00 | $187.3K |
| YoY Change | -100.0% | -31.17% | |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $3.582M | $4.707M | $3.063M |
| Total Long-Term Liabilities | $0.00 | $0.00 | $187.3K |
| Total Liabilities | $3.582M | $4.707M | $3.250M |
| YoY Change | 8.55% | 44.82% | -19.3% |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | -$112.7M | -$107.9M | -$85.09M |
| YoY Change | 26.81% | ||
| Common Stock | $27.56K | $27.34K | $20.61K |
| YoY Change | 32.65% | 27.56% | |
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | |||
| YoY Change | |||
| Treasury Stock Shares | |||
| Shareholders Equity | $35.60M | $38.96M | $11.92M |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $39.18M | $43.67M | $15.17M |
| YoY Change | 111.77% | 187.89% | 17.74% |
Cashflow Statement
| Concept | 2018 Q3 | 2018 Q2 | 2017 Q2 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | -$4.798M | -$6.148M | -$4.070M |
| YoY Change | -12.8% | 51.06% | 99095.71% |
| Depreciation, Depletion And Amortization | $460.0K | $300.0K | $310.0K |
| YoY Change | 43.75% | -3.23% | 24.0% |
| Cash From Operating Activities | -$5.180M | -$6.280M | -$3.720M |
| YoY Change | 14.1% | 68.82% | 16.98% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | -$500.0K | -$380.0K | -$550.0K |
| YoY Change | -39.02% | -30.91% | 22.22% |
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | $0.00 | -$250.0K | |
| YoY Change | |||
| Cash From Investing Activities | -$500.0K | -$630.0K | -$550.0K |
| YoY Change | -39.02% | 14.55% | 22.22% |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | |||
| YoY Change | |||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | 0.000 | 0.000 | 0.000 |
| YoY Change | -100.0% | ||
| NET CHANGE | |||
| Cash From Operating Activities | -5.180M | -6.280M | -3.720M |
| Cash From Investing Activities | -500.0K | -630.0K | -550.0K |
| Cash From Financing Activities | 0.000 | 0.000 | 0.000 |
| Net Change In Cash | -5.680M | -6.910M | -4.270M |
| YoY Change | -321.88% | 61.83% | 17.63% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | -$5.180M | -$6.280M | -$3.720M |
| Capital Expenditures | -$500.0K | -$380.0K | -$550.0K |
| Free Cash Flow | -$4.680M | -$5.900M | -$3.170M |
| YoY Change | 25.81% | 86.12% | 16.12% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| us-gaap |
Basis Of Accounting
BasisOfAccounting
|
<div style="background: #ffffff;font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;"><div style="font-family: "times new roman", serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Note 1 </div></div><div style="color: rgb(0, 0, 0); font-family: 'times new roman', times, serif; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;;font-weight:bold;display:inline;">–</div> <div style="font-family: "times new roman", serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Basis of Presentation</div></div></div><div style="background: none; font-family: "times new roman", serif; font-size: 10pt; margin-bottom: 0px; margin-left: 0.48in; margin-top: 0px;"><div style="white-space: pre-line; font-family: "times new roman", serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;"> </div></div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-indent: 0.50in;"><div style="font-family: "times new roman", serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">The accompanying unaudited condensed consolidated financial statements of Vuzix Corporation (“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 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. </div>Certain re-classifications have been made to prior periods to conform with current reporting. <div style="font-family: "times new roman", serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">The results of the Company’s operations for the six months ended June 30, 2018 are not necessarily indicative of the results of the Company’s operations for the full fiscal year or any other period.</div></div><div style="font-family: "times new roman", serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-indent: 0.5in; background: none;"><div style="white-space: pre-wrap; font-family: "times new roman", serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-indent: 0.50in;"><div style="white-space: pre-wrap; font-family: "times new roman", serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">The accompanying condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and the notes thereto of the Company as of December 31, 2017, as reported in the Company’s Annual Report. </div></div><div style="font-family: "times new roman", serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-indent: 0.5in; background: none;"><div style="white-space: pre-wrap; font-family: "times new roman", serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-indent: 0.50in;"><div style="font-family: "times new roman", serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">For the six months ended June 30, 2018, Toshiba Japan represented 94% of engineering revenues and 27% of total revenues as compared to 98% and 26%, respectively, in the comparable 2017 period. As of June 30, 2018 and 2017, Toshiba Japan accounted for 37% and 75% of accounts receivables and accrued project revenue, respectively.</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-indent: 0.50in;"> </div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-indent: 0.50in;">For the six months ended June 30, 2018, AMA SA represented 20% of total revenues as compared to 4% in the comparable 2017 period. As of June 30, 2018 and 2017, AMA SA accounted for 42% and 0% of accounts receivables, respectively.</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 |
| vuzi |
Officers Compensation Payable Compounding Monthly Interest Rate
OfficersCompensationPayableCompoundingMonthlyInterestRate
|
0.08 | pure | |
| CY2018Q1 | us-gaap |
Cumulative Effect On Retained Earnings Net Of Tax1
CumulativeEffectOnRetainedEarningsNetOfTax1
|
81724 | USD |
| CY2018Q2 | 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 | |
| us-gaap |
Earnings Per Share Potentially Dilutive Securities
EarningsPerSharePotentiallyDilutiveSecurities
|
8,772,813 | ||
| us-gaap |
Earnings Per Share Potentially Dilutive Securities
EarningsPerSharePotentiallyDilutiveSecurities
|
6,499,941 | ||
| CY2017Q4 | us-gaap |
Deferred Revenue
DeferredRevenue
|
81724 | USD |
| CY2018Q1 | us-gaap |
Deferred Revenue
DeferredRevenue
|
0 | USD |
| CY2018Q2 | us-gaap |
Inventory Raw Materials And Purchased Parts Net Of Reserves
InventoryRawMaterialsAndPurchasedPartsNetOfReserves
|
2826119 | USD |
| CY2017Q4 | us-gaap |
Inventory Raw Materials And Purchased Parts Net Of Reserves
InventoryRawMaterialsAndPurchasedPartsNetOfReserves
|
1669209 | USD |
| CY2018Q2 | us-gaap |
Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
|
898479 | USD |
| CY2017Q4 | us-gaap |
Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
|
163305 | USD |
| us-gaap |
Lease And Rental Expense
LeaseAndRentalExpense
|
231796 | USD | |
| us-gaap |
Lease And Rental Expense
LeaseAndRentalExpense
|
228509 | USD | |
| CY2018Q2 | us-gaap |
Lease And Rental Expense
LeaseAndRentalExpense
|
118900 | USD |
| CY2017Q2 | us-gaap |
Lease And Rental Expense
LeaseAndRentalExpense
|
118140 | USD |
| us-gaap |
Loss Contingency Allegations
LossContingencyAllegations
|
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. | ||
| CY2018Q2 | us-gaap |
Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
|
221452 | USD |
| CY2017Q4 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
|
152927 | USD |
| CY2017Q4 | us-gaap |
Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
|
1184912 | shares |
| vuzi |
Class Of Warrant Or Right Exercised In Period
ClassOfWarrantOrRightExercisedInPeriod
|
27500 | shares | |
| CY2018Q2 | us-gaap |
Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
|
228000 | USD |
| CY2018Q2 | us-gaap |
Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
|
442903 | USD |
| vuzi |
Fair Value Measurement With Unobservable Inputs Reclassification Of Warrant Exercises To Additional Paid In Capital
FairValueMeasurementWithUnobservableInputsReclassificationOfWarrantExercisesToAdditionalPaidInCapital
|
-16345 | USD | |
| CY2018Q2 | vuzi |
Accrued Compensation
AccruedCompensation
|
150853 | USD |
| CY2017Q4 | vuzi |
Accrued Compensation
AccruedCompensation
|
327469 | USD |
| CY2018Q2 | us-gaap |
Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
|
0 | USD |
| CY2017Q4 | us-gaap |
Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
|
25090 | USD |
| CY2017Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
5000000 | shares |
| CY2018Q2 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
5000000 | shares |
| CY2018Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
29150826 | USD |
| CY2017Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
14889636 | USD |
| us-gaap |
Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
|
158412 | USD | |
| us-gaap |
Net Income Loss
NetIncomeLoss
|
-11514098 | USD | |
| us-gaap |
Net Income Loss
NetIncomeLoss
|
-8251762 | USD | |
| us-gaap |
Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
|
264004 | USD | |
| CY2018Q2 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
2044526 | USD |
| CY2017Q4 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
974172 | USD |
| CY2018Q2 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
49626 | shares |
| CY2017Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
49626 | shares |
| CY2018Q2 | us-gaap |
Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
|
3063235 | USD |
| CY2017Q4 | us-gaap |
Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
|
2994342 | USD |
| CY2018Q2 | us-gaap |
Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
|
166260 | USD |
| CY2017Q4 | us-gaap |
Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
|
531728 | USD |
| CY2018Q2 | us-gaap |
Class Of Warrant Or Right Number Of Securities Called By Each Warrant Or Right
ClassOfWarrantOrRightNumberOfSecuritiesCalledByEachWarrantOrRight
|
33100 | shares |
| CY2017Q4 | us-gaap |
Class Of Warrant Or Right Number Of Securities Called By Each Warrant Or Right
ClassOfWarrantOrRightNumberOfSecuritiesCalledByEachWarrantOrRight
|
38100 | shares |
| dei |
Document Type
DocumentType
|
10-Q | ||
| CY2018Q2 | us-gaap |
Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
|
382813 | USD |
| us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Period Increase Decrease
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPeriodIncreaseDecrease
|
35687 | USD | |
| vuzi |
Class Of Warrant Or Right Grants In Period
ClassOfWarrantOrRightGrantsInPeriod
|
1200000 | shares | |
| vuzi |
Class Of Warrant Or Right Expired In Period
ClassOfWarrantOrRightExpiredInPeriod
|
0 | shares | |
| CY2018Q2 | us-gaap |
Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
|
7528 | USD |
| dei |
Amendment Flag
AmendmentFlag
|
false | ||
| CY2018Q2 | us-gaap |
Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
|
273095 | USD |
| CY2017Q4 | us-gaap |
Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
|
167503 | USD |
| CY2018Q2 | us-gaap |
Inventory Valuation Reserves
InventoryValuationReserves
|
615434 | USD |
| CY2017Q4 | us-gaap |
Inventory Valuation Reserves
InventoryValuationReserves
|
836324 | USD |
| CY2017Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-96472452 | USD |
| CY2018Q1 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-96390728 | USD |
| CY2017Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
49626 | shares |
| CY2018Q2 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
49626 | shares |
| CY2018Q2 | vuzi |
Accrued Revenuecurrent
AccruedRevenuecurrent
|
0 | USD |
| CY2017Q4 | vuzi |
Accrued Revenuecurrent
AccruedRevenuecurrent
|
497784 | USD |
| CY2018Q2 | us-gaap |
Product Warranty Accrual
ProductWarrantyAccrual
|
273095 | USD |
| CY2017Q4 | us-gaap |
Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
|
152927 | USD |
| CY2018Q2 | us-gaap |
Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
|
172269 | USD |
| us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
568610 | USD | |
| us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
482809 | USD | |
| us-gaap |
Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
|
0 | USD | |
| us-gaap |
Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
|
143225 | USD | |
| CY2018Q2 | us-gaap |
Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
|
172269 | USD |
| CY2017Q4 | us-gaap |
Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
|
152927 | USD |
| CY2018Q2 | us-gaap |
Inventory Net
InventoryNet
|
5273920 | USD |
| CY2017Q4 | us-gaap |
Inventory Net
InventoryNet
|
3852317 | USD |
| CY2018Q2 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.001 | |
| CY2017Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.001 | |
| CY2018Q2 | us-gaap |
Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
|
83559 | USD |
| CY2017Q4 | us-gaap |
Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
|
171435 | USD |
| dei |
Document Period End Date
DocumentPeriodEndDate
|
2018-06-30 | ||
| CY2018Q2 | us-gaap |
Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
|
8782 | USD |
| CY2018Q2 | us-gaap |
Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
|
2357412 | shares |
| CY2018Q2 | us-gaap |
Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
|
1063478 | USD |
| dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2018 | ||
| CY2018Q2 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
23333 | USD |
| CY2017Q4 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
28331 | USD |
| CY2018Q2 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
100000000 | shares |
| CY2017Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
100000000 | shares |
| CY2018Q2 | vuzi |
Prepaid Manufacturing Vendor Payments
PrepaidManufacturingVendorPayments
|
414431 | USD |
| CY2017Q4 | vuzi |
Prepaid Manufacturing Vendor Payments
PrepaidManufacturingVendorPayments
|
154717 | USD |
| vuzi |
Revenue Performance Obligation Percentage
RevenuePerformanceObligationPercentage
|
1 | pure | |
| us-gaap |
Share Based Compensation
ShareBasedCompensation
|
1182687 | USD | |
| us-gaap |
Share Based Compensation
ShareBasedCompensation
|
486602 | USD | |
| us-gaap |
Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
|
100000 | USD | |
| us-gaap |
Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
|
100000 | USD | |
| CY2018Q2 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
790635 | USD |
| CY2017Q4 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
873947 | USD |
| CY2018Q2 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
27337210 | shares |
| CY2017Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
24276275 | shares |
| CY2018Q2 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
1595579 | USD |
| CY2017Q4 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
1389771 | USD |
| CY2018Q2 | us-gaap |
Revenues
Revenues
|
2647583 | USD |
| CY2017Q2 | us-gaap |
Revenues
Revenues
|
1325261 | USD |
| us-gaap |
Revenues
Revenues
|
4191478 | USD | |
| us-gaap |
Revenues
Revenues
|
2535924 | USD | |
| CY2017Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
21379713 | USD |
| dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q2 | ||
| vuzi |
Class Of Warrant Or Right Outstanding Weighted Average Remaining Contractual Terms
ClassOfWarrantOrRightOutstandingWeightedAverageRemainingContractualTerms
|
P1Y7M6D | ||
| invest |
Investment Warrants Exercise Price
InvestmentWarrantsExercisePrice
|
8.29 | ||
| dei |
Entity Registrant Name
EntityRegistrantName
|
Vuzix Corp | ||
| us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
-56836 | USD | |
| us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
0 | USD | |
| CY2018Q2 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
27337210 | shares |
| CY2017Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
24276275 | shares |
| CY2018Q2 | us-gaap |
Assets Current
AssetsCurrent
|
37674338 | USD |
| CY2017Q4 | us-gaap |
Assets Current
AssetsCurrent
|
21242573 | USD |
| us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
0 | USD | |
| us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
175260 | USD | |
| us-gaap |
Cumulative Effect On Retained Earnings Net Of Tax1
CumulativeEffectOnRetainedEarningsNetOfTax1
|
81724 | USD | |
| dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001463972 | ||
| dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | ||
| vuzi |
Stock Issued During Period Value Exercise Of Warrants
StockIssuedDuringPeriodValueExerciseOfWarrants
|
55723 | USD | |
| CY2018Q2 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
4145514 | USD |
| CY2017Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
4124466 | USD |
| us-gaap |
Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
|
-35687 | USD | |
| us-gaap |
Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
|
9144 | USD | |
| CY2017 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
0 | pure |
| us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
0 | pure | |
| us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
4619910 | USD | |
| us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
2867748 | USD | |
| CY2018Q2 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
2564119 | USD |
| CY2017Q2 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
1198940 | USD |
| us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
1070354 | USD | |
| us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
39216 | USD | |
| CY2018Q2 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
879206 | USD |
| CY2017Q4 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
813774 | USD |
| dei |
Entity Filer Category
EntityFilerCategory
|
Accelerated Filer | ||
| dei |
Trading Symbol
TradingSymbol
|
VUZI | ||
| us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
0 | USD | |
| CY2018Q2 | us-gaap |
Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
|
496223 | USD |
| CY2017Q4 | us-gaap |
Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
|
408723 | USD |
| vuzi |
Increasedecrease In Accrued Revenue
IncreasedecreaseInAccruedRevenue
|
-497784 | USD | |
| vuzi |
Increasedecrease In Accrued Revenue
IncreasedecreaseInAccruedRevenue
|
420314 | USD | |
| CY2018Q2 | us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
1545160 | USD |
| CY2017Q2 | us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
800329 | USD |
| us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
3079258 | USD | |
| us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
1831328 | USD | |
| us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
3985381 | USD | |
| us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
2543417 | USD | |
| CY2018Q2 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
2320151 | USD |
| CY2017Q2 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
1308234 | USD |
| us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
1421603 | USD | |
| us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
755923 | USD | |
| CY2018Q2 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
472154 | USD |
| CY2017Q4 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
243717 | USD |
| CY2018Q3 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
27426402 | shares |
| CY2018Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
|
902305 | shares |
| CY2018Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
|
4.55 | |
| CY2018Q2 | us-gaap |
Assets
Assets
|
43667435 | USD |
| CY2017Q4 | us-gaap |
Assets
Assets
|
26833253 | USD |
| us-gaap |
Stock Issued During Period Value Share Based Compensation Gross
StockIssuedDuringPeriodValueShareBasedCompensationGross
|
832687 | USD | |
| vuzi |
Increase Decrease In Manufacturing Vendors Prepayments
IncreaseDecreaseInManufacturingVendorsPrepayments
|
259714 | USD | |
| vuzi |
Increase Decrease In Manufacturing Vendors Prepayments
IncreaseDecreaseInManufacturingVendorsPrepayments
|
61980 | USD | |
| CY2018Q2 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
294988 | USD |
| us-gaap |
Operating Expenses
OperatingExpenses
|
12253159 | USD | |
| us-gaap |
Operating Expenses
OperatingExpenses
|
7725302 | USD | |
| CY2018Q2 | us-gaap |
Operating Expenses
OperatingExpenses
|
6724418 | USD |
| CY2017Q2 | us-gaap |
Operating Expenses
OperatingExpenses
|
3550482 | USD |
| CY2017Q2 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
242979 | USD |
| us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-104873 | USD | |
| us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-279898 | USD | |
| CY2018Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
|
550496 | shares |
| vuzi |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageExercisePrice
|
5.62 | ||
| us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
30000000 | USD | |
| CY2018Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-6054245 | USD |
| CY2017Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-3979969 | USD |
| us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-11405861 | USD | |
| us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-8006029 | USD | |
| us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-1106884 | USD | |
| us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
723632 | USD | |
| us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Outstanding Weighted Average Remaining Contractual Terms
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageRemainingContractualTerms
|
P8Y10M24D | ||
| us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
|
P6Y | ||
| us-gaap |
Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
|
100000 | USD | |
| CY2018Q2 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
2619172 | USD |
| CY2017Q4 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
3726056 | USD |
| us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
-217682 | USD | |
| us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
56711 | USD | |
| us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
39986 | USD | |
| us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
32844 | USD | |
| CY2018Q2 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
39986 | USD |
| CY2017Q2 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
14944 | USD |
| CY2018Q2 | us-gaap |
Taxes Other
TaxesOther
|
1316 | USD |
| CY2017Q2 | us-gaap |
Taxes Other
TaxesOther
|
11600 | USD |
| us-gaap |
Taxes Other
TaxesOther
|
29858 | USD | |
| us-gaap |
Taxes Other
TaxesOther
|
22150 | USD | |
| us-gaap |
Increase Decrease In Customer Deposits
IncreaseDecreaseInCustomerDeposits
|
155919 | USD | |
| us-gaap |
Increase Decrease In Customer Deposits
IncreaseDecreaseInCustomerDeposits
|
-18753 | USD | |
| CY2018Q2 | us-gaap |
Customer Deposits Current
CustomerDepositsCurrent
|
229381 | USD |
| CY2017Q4 | us-gaap |
Customer Deposits Current
CustomerDepositsCurrent
|
73462 | USD |
| CY2017Q4 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
|
430000 | USD |
| CY2018Q2 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
|
2784000 | USD |
| CY2018Q2 | us-gaap |
Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
|
5738176 | USD |
| CY2017Q4 | us-gaap |
Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
|
4849063 | USD |
| us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
|
P2Y10M24D | ||
| CY2018Q2 | us-gaap |
Deferred Revenue Current
DeferredRevenueCurrent
|
69318 | USD |
| CY2017Q4 | us-gaap |
Deferred Revenue Current
DeferredRevenueCurrent
|
107824 | USD |
| us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
43217 | USD | |
| us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
-370534 | USD | |
| us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
-9652 | USD | |
| us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
-25053 | USD | |
| CY2018Q2 | us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
-5235 | USD |
| CY2017Q2 | us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
-26151 | USD |
| us-gaap |
Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
17468 | USD | |
| us-gaap |
Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
-9695 | USD | |
| us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
|
P7Y1M6D | ||
| CY2017 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
|
P7Y7M6D | |
| CY2018Q2 | us-gaap |
Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
|
-56836 | USD |
| CY2017Q2 | us-gaap |
Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
|
0 | USD |
| us-gaap |
Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
|
-56836 | USD | |
| us-gaap |
Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
|
0 | USD | |
| CY2018Q2 | us-gaap |
Derivative Liabilities Current
DerivativeLiabilitiesCurrent
|
172269 | USD |
| CY2017Q4 | us-gaap |
Derivative Liabilities Current
DerivativeLiabilitiesCurrent
|
152927 | USD |
| us-gaap |
Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
|
161365 | USD | |
| us-gaap |
Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
|
-124918 | USD | |
| CY2018Q2 | us-gaap |
Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
|
-63820 | USD |
| CY2017Q2 | us-gaap |
Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
|
-13416 | USD |
| us-gaap |
Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
|
-35687 | USD | |
| us-gaap |
Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
|
9144 | USD | |
| CY2017Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
50 | USD |
| CY2018Q2 | us-gaap |
Common Stock Value
CommonStockValue
|
27337 | USD |
| CY2017Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
24276 | USD |
| us-gaap |
Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
|
0 | USD | |
| us-gaap |
Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
|
175260 | USD | |
| CY2018Q2 | us-gaap |
Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
|
0 | USD |
| CY2017Q2 | us-gaap |
Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
|
29616 | USD |
| us-gaap |
Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
|
-87875 | USD | |
| us-gaap |
Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
|
65260 | USD | |
| CY2018Q2 | us-gaap |
Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
|
20967 | USD |
| CY2017Q4 | us-gaap |
Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
|
3500 | USD |
| CY2018Q2 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
4706686 | USD |
| CY2017Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
5453540 | USD |
| us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-12753764 | USD | |
| us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-7548842 | USD | |
| CY2018Q2 | us-gaap |
Interest Expense
InterestExpense
|
6977 | USD |
| CY2017Q2 | us-gaap |
Interest Expense
InterestExpense
|
24291 | USD |
| us-gaap |
Interest Expense
InterestExpense
|
16190 | USD | |
| us-gaap |
Interest Expense
InterestExpense
|
65258 | USD | |
| CY2018Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-6148443 | USD |
| CY2017Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-4070099 | USD |
| us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-11514098 | USD | |
| us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-8251762 | USD | |
| CY2018Q2 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
758000 | USD |
| CY2017Q2 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
277000 | USD |
| CY2017 | us-gaap |
Stock Issued During Period Shares Issued For Services
StockIssuedDuringPeriodSharesIssuedForServices
|
50000 | shares |
| us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | USD | |
| us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | USD | |
| CY2018Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | USD |
| CY2017Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | USD |
| us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
603441 | USD | |
| us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
662993 | USD | |
| CY2018Q2 | us-gaap |
Liabilities
Liabilities
|
4706686 | USD |
| CY2017Q4 | us-gaap |
Liabilities
Liabilities
|
5453540 | USD |
| us-gaap |
Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
|
108480 | USD | |
| us-gaap |
Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
|
92767 | USD | |
| CY2018Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-6148443 | USD |
| CY2017Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-4070099 | USD |
| CY2017 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
|
6.70 | |
| CY2017 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
|
335000 | USD |
| us-gaap |
Payments To Acquire Other Productive Assets
PaymentsToAcquireOtherProductiveAssets
|
0 | USD | |
| us-gaap |
Payments To Acquire Other Productive Assets
PaymentsToAcquireOtherProductiveAssets
|
250000 | USD | |
| us-gaap |
Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
|
889112 | USD | |
| us-gaap |
Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
|
837708 | USD | |
| CY2018Q2 | us-gaap |
Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
|
450276 | USD |
| CY2017Q2 | us-gaap |
Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
|
424243 | USD |
| CY2018Q2 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
50 | USD |
| CY2018Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-6598719 | USD |
| CY2017Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-4494342 | USD |
| us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-12403210 | USD | |
| us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-9089470 | USD | |
| us-gaap |
Payments To Develop Software
PaymentsToDevelopSoftware
|
87500 | USD | |
| us-gaap |
Payments To Develop Software
PaymentsToDevelopSoftware
|
100000 | USD | |
| us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.46 | ||
| us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.45 | ||
| CY2018Q2 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.24 | |
| CY2017Q2 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.22 | |
| CY2018Q2 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
146838188 | USD |
| CY2017Q4 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
117827839 | USD |
| CY2018Q2 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-107904826 | USD |
| CY2018Q2 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
27326649 | shares |
| CY2017Q2 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
20446824 | shares |
| us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
26814264 | shares | |
| us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
20082633 | shares | |
| us-gaap |
Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
|
39375 | USD | |
| us-gaap |
Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
|
0 | USD | |
| us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
30000000 | USD | |
| us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
0 | USD | |
| CY2018Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
38960749 | USD |
| CY2018Q2 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
43667435 | USD |
| CY2017Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
26833253 | USD |
| us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
1975000 | USD | |
| us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
0 | USD | |
| us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
28064375 | USD | |
| us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
0 | USD | |
| us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
14261190 | USD | |
| us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
-8404602 | USD | |
| CY2016Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
14533944 | USD |
| CY2018Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
29150826 | USD |
| CY2017Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
6129342 | USD |
| us-gaap |
Interest Paid Net
InterestPaidNet
|
104065 | USD | |
| us-gaap |
Interest Paid Net
InterestPaidNet
|
39 | USD | |
| us-gaap |
Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
|
0 | USD | |
| us-gaap |
Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
|
1861283 | USD | |
| vuzi |
Unamortized On Senior Convertible Debt Attributed To Embedded Conversion Price Adjustment Option
UnamortizedOnSeniorConvertibleDebtAttributedToEmbeddedConversionPriceAdjustmentOption
|
16345 | USD | |
| vuzi |
Unamortized On Senior Convertible Debt Attributed To Embedded Conversion Price Adjustment Option
UnamortizedOnSeniorConvertibleDebtAttributedToEmbeddedConversionPriceAdjustmentOption
|
0 | USD | |
| CY2018Q2 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
1977410 | USD |
| CY2017Q2 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
1754748 | USD |
| us-gaap |
Cost Of Revenue
CostOfRevenue
|
3344180 | USD | |
| us-gaap |
Cost Of Revenue
CostOfRevenue
|
2816651 | USD | |
| us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-108237 | USD | |
| us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-245733 | USD | |
| CY2018Q2 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-94198 | USD |
| CY2017Q2 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-90130 | USD |
| us-gaap |
Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
|
1975000 | USD | |
| us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-1049421 | USD | |
| us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-855760 | USD | |
| CY2018Q2 | vuzi |
Accrued Employee Service Share Based Compensation Cost Recognised
AccruedEmployeeServiceShareBasedCompensationCostRecognised
|
150000 | USD |
| CY2018Q2 | vuzi |
Employee Service Share Based Compensation Forfeited Awards Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationForfeitedAwardsCostNotYetRecognized
|
280000 | USD |
| vuzi |
Cumulative Revenue Adjustment
CumulativeRevenueAdjustment
|
81724 | USD | |
| vuzi |
Cumulative Revenue Adjustment
CumulativeRevenueAdjustment
|
0 | USD | |
| CY2018Q2 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
|
172269 | USD |
| CY2018Q2 | us-gaap |
Cost Method Investments Original Cost
CostMethodInvestmentsOriginalCost
|
250000 | USD |
| CY2017Q4 | us-gaap |
Cost Method Investments Original Cost
CostMethodInvestmentsOriginalCost
|
0 | USD |
| CY2018Q2 | vuzi |
Cost Method Investment Ownership Percentage
CostMethodInvestmentOwnershipPercentage
|
0.01 | pure |
| CY2018Q2 | vuzi |
Cost Method Investment Additional Ownership Percentage
CostMethodInvestmentAdditionalOwnershipPercentage
|
0.04 | pure |
| CY2018Q2 | us-gaap |
Gross Profit
GrossProfit
|
670173 | USD |
| CY2017Q2 | us-gaap |
Gross Profit
GrossProfit
|
-429487 | USD |
| us-gaap |
Gross Profit
GrossProfit
|
847298 | USD | |
| us-gaap |
Gross Profit
GrossProfit
|
-280727 | USD | |
| CY2018Q2 | vuzi |
Onetime Compensation Expense
OnetimeCompensationExpense
|
350000 | USD |
| vuzi |
Onetime Compensation Expense
OnetimeCompensationExpense
|
350000 | USD | |
| vuzi |
Accrued Stock Based Compensation Expense
AccruedStockBasedCompensationExpense
|
350000 | USD | |
| vuzi |
Accrued Stock Based Compensation Expense
AccruedStockBasedCompensationExpense
|
0 | USD | |
| CY2018Q2 | us-gaap |
Stock Issued During Period Shares Other
StockIssuedDuringPeriodSharesOther
|
105000 | shares |
| CY2018Q2 | us-gaap |
Shares Issued Price Per Share
SharesIssuedPricePerShare
|
6.10 | |
| CY2018Q2 | us-gaap |
Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
|
640500 | USD |
| CY2018Q2 | vuzi |
Aggregate Fair Market Value Of Sock Awards
AggregateFairMarketValueOfSockAwards
|
122000 | USD |
| CY2018Q2 | vuzi |
Aggregate Fair Market Value Of Sock Awards1
AggregateFairMarketValueOfSockAwards1
|
518500 | USD |
