10-K Filing

UNI-PIXEL CIK: 1171012 FY 2011

Filing Information

Form Type	10-K
Accession Number	`0001185185-12-000341`
Period End Date	20111231
Filing Date	20120308
Fiscal Year	2011
Fiscal Period	FY
XBRL Instance	unxl-20111231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 43 Income Statement 26 Cash Flow Statement 46 Stockholders Equity 15

Balance Sheet 43 line items

Line Item	Tag	Value	Unit	Period
Accumulated depreciation (in Dollars)	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$1.54M	USD	Point-in-time
Accumulated depreciation (in Dollars)	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$1.98M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$13.05M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.22M	USD	Point-in-time
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$307.85K	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$77.89K	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$4.55K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	7.13M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$13.13M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	7.14M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$7.22M	USD	Point-in-time
Property and equipment, net of accumulated depreciation of $1,977,241 and $1,543,839, at December 31, 2011 and 2010, respectively	`PropertyPlantAndEquipmentNet`	$70.73K	USD	Point-in-time
Property and equipment, net of accumulated depreciation of $1,977,241 and $1,543,839, at December 31, 2011 and 2010, respectively	`PropertyPlantAndEquipmentNet`	$1.15M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	7.13M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	7.14M	shares	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$17.44K	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$17.44K	USD	Point-in-time
Total assets	`Assets`	$13.22M	USD	Point-in-time
Total assets	`Assets`	$8.39M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$341.54K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$87.47K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$85.91K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$87.47K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$427.45K	USD	Point-in-time
Total liabilities	`Liabilities`	$87.47K	USD	Point-in-time
Total liabilities	`Liabilities`	$427.45K	USD	Point-in-time
Commitments and contingencies (Note 5)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 5)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $0.001 par value; 100,000,000 shares authorized, 7,142,307 shares and 7,131,890 shares issued and outstanding at December 31, 2011 and 2010, respectively	`CommonStockValue`	$7.14K	USD	Point-in-time
Common stock, $0.001 par value; 100,000,000 shares authorized, 7,142,307 shares and 7,131,890 shares issued and outstanding at December 31, 2011 and 2010, respectively	`CommonStockValue`	$7.13K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$70.59M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$66.51M	USD	Point-in-time
Accumulated deficit during development stage	`RetainedEarningsAccumulatedDeficit`	$-53.73M	USD	Point-in-time
Accumulated deficit during development stage	`RetainedEarningsAccumulatedDeficit`	$-62.30M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$12.79M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$8.30M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$-2.13M	USD	Point-in-time
Total liabilities and shareholders equity	`LiabilitiesAndStockholdersEquity`	$8.39M	USD	Point-in-time
Total liabilities and shareholders equity	`LiabilitiesAndStockholdersEquity`	$13.22M	USD	Point-in-time

Income Statement 26 line items

Line Item	Tag	Value	Unit	Period
Revenue	`SalesRevenueNet`	$243.52K	USD	Annual
Revenue	`SalesRevenueNet`	$195.24K	USD	Annual
Cost of revenues	`CostOfRevenue`	$46.98K	USD	Annual
Cost of revenues	`CostOfRevenue`	$20.70K	USD	Annual
Gross margin	`GrossProfit`	$148.25K	USD	Annual
Gross margin	`GrossProfit`	$222.82K	USD	Annual
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$2.75M	USD	Annual
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$4.19M	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$2.55M	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$4.54M	USD	Annual
Operating loss	`OperatingIncomeLoss`	$-8.58M	USD	Annual
Operating loss	`OperatingIncomeLoss`	$-5.08M	USD	Annual
Gain on sale of intellectual property	`GainLossOnDispositionOfIntangibleAssets`	$2.09M	USD	Annual
Debt issuance expense	`DebtRelatedCommitmentFeesAndDebtIssuanceCosts`	$554.83K	USD	Annual
Interest income (expense), net	`InterestExpense`	$274.70K	USD	Annual
Interest income (expense), net	`InterestExpense`	$-11.99K	USD	Annual
Net loss	`NetIncomeLoss`	$-8.57M	USD	Annual
Net loss	`NetIncomeLoss`	$-3.82M	USD	Annual
Net loss - basic (in Dollars per share)	`EarningsPerShareBasic`	$-1.05	USD	Annual
Net loss - basic (in Dollars per share)	`EarningsPerShareBasic`	$-1.20	USD	Annual
Net loss - diluted (in Dollars per share)	`EarningsPerShareDiluted`	$-1.20	USD	Annual
Net loss - diluted (in Dollars per share)	`EarningsPerShareDiluted`	$-1.05	USD	Annual
Weighted average number of basic common shares outstanding (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	3.63M	shares	Annual
Weighted average number of basic common shares outstanding (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	7.14M	shares	Annual
Weighted average number of diluted common shares outstanding (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	7.14M	shares	Annual
Weighted average number of diluted common shares outstanding (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	3.63M	shares	Annual

Cash Flow Statement 46 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-8.57M	USD	Annual
Net loss	`NetIncomeLoss`	$-3.82M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$433.40K	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$222.26K	USD	Annual
Stock compensation expense	`ShareBasedCompensation`	$2.35M	USD	Annual
Stock compensation expense	`ShareBasedCompensation`	$4.01M	USD	Annual
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	$554.83K	USD	Annual
Bad debt expense	`ProvisionForDoubtfulAccounts`	$33.77K	USD	Annual
Amortization of discounts on notes payable	`AmortizationOfDebtDiscountPremium`	$53.82K	USD	Annual
Gain on sale of intellectual property	`GainLossOnDispositionOfIntangibleAssets`	$2.09M	USD	Annual
Decrease in cash restricted for lease obligations	`IncreaseDecreaseInRestrictedCashForOperatingActivities`	$17.44K	USD	Annual
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$39.56K	USD	Annual
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-77.89K	USD	Annual
Decrease in prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$3.40K	USD	Annual
Decrease in accounts payable	`IncreaseDecreaseInAccountsPayable`	$-254.07K	USD	Annual
Decrease in accounts payable	`IncreaseDecreaseInAccountsPayable`	$-586.10K	USD	Annual
Decrease in accrued interest payable	`IncreaseDecreaseInInterestPayableNet`	$-61.32K	USD	Annual
Increase (decrease) in deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-85.91K	USD	Annual
Increase (decrease) in deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$52.57K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-3.38M	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-4.39M	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$8.55K	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.51M	USD	Annual
Proceeds from the sale of intellectual property	`ProceedsFromSaleOfIntangibleAssets`	$2.25M	USD	Annual
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$2.24M	USD	Annual
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.51M	USD	Annual
Proceeds from convertible notes payable	`ProceedsFromConvertibleDebt`	$775.00K	USD	Annual
Payments on convertible notes payable	`RepaymentsOfConvertibleDebt`	$2.06M	USD	Annual
Payments of deferred loan costs	`PaymentsOfDebtIssuanceCosts`	$108.73K	USD	Annual
Proceeds from exercise of stock options, net	`ProceedsFromStockOptionsExercised`	$73.14K	USD	Annual
Proceeds from the issuance of common stock, net	`ProceedsFromIssuanceOfCommonStock`	$15.28M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$73.14K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$13.88M	USD	Annual
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-5.83M	USD	Annual
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$12.74M	USD	Annual
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$13.05M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$7.22M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$307.85K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$13.05M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$7.22M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$307.85K	USD	Point-in-time
Cash paid for interest	`InterestPaid`	$196.04K	USD	Annual
Issuance of warrants to convertible note investors	`OtherSignificantNoncashTransactionValueOfConsiderationGiven1`	$12.01K	USD	Annual
Issuance of warrants to Placement Agent	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$60.55K	USD	Annual
Issuance of warrants to underwriter	`IssuanceOfWarrantsToUnderwriter`	$1.53M	USD	Annual
Exchange of debt and accrued interest into common stock	`DebtConversionConvertedInstrumentAmount1`	$1.04M	USD	Annual

Stockholders Equity 15 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$12.79M	USD	Point-in-time
Balance	`StockholdersEquity`	$8.30M	USD	Point-in-time
Balance	`StockholdersEquity`	$-2.13M	USD	Point-in-time
Issuance of common stock, net of issuance costs	`StockIssuedDuringPeriodValueNewIssues`	$15.28M	USD	Annual
Conversion of debt and accrued interest into common stock	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$1.04M	USD	Annual
Stock compensation expense	`ShareBasedCompensation`	$2.35M	USD	Annual
Stock compensation expense	`ShareBasedCompensation`	$4.01M	USD	Annual
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$73.14K	USD	Annual
Issuance of warrants to convertible note investors	`AdjustmentsToAdditionalPaidInCapitalEquityComponentOfConvertibleDebt`	$12.01K	USD	Annual
Issuance of warrants to placement agent	`AdjustmentsToAdditionalPaidInCapitalWarrantIssued`	$60.55K	USD	Annual
Net loss	`NetIncomeLoss`	$-8.57M	USD	Annual
Net loss	`NetIncomeLoss`	$-3.82M	USD	Annual
Balance	`StockholdersEquity`	$12.79M	USD	Point-in-time
Balance	`StockholdersEquity`	$8.30M	USD	Point-in-time
Balance	`StockholdersEquity`	$-2.13M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.