10-Q Filing

UNI-PIXEL CIK: 1171012 Q1 2014

Filing Information

Form Type	10-Q
Accession Number	`0001185185-14-001180`
Period End Date	20140331
Filing Date	20140508
Fiscal Year	2014
Fiscal Period	Q1
XBRL Instance	unxl-20140331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 45 Income Statement 25 Cash Flow Statement 49 Stockholders Equity 21

Balance Sheet 45 line items

Line Item	Tag	Value	Unit	Period
Accumulated depreciation (in Dollars)	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$4.77M	USD	Point-in-time
Accumulated depreciation (in Dollars)	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$6.27M	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
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$15.71M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$13.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$34.36M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$39.37M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	12.24M	shares	Point-in-time
Account receivable, net	`AccountsReceivableNetCurrent`	-	USD	Point-in-time
Account receivable, net	`AccountsReceivableNetCurrent`	$11.41K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	12.35M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$39.38M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	12.24M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$34.36M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	12.35M	shares	Point-in-time
Property and equipment, net of accumulated depreciation of $6,272,171 and $4,769,453, at March 31, 2014 and December 31, 2013, respectively	`PropertyPlantAndEquipmentNet`	$15.00M	USD	Point-in-time
Property and equipment, net of accumulated depreciation of $6,272,171 and $4,769,453, at March 31, 2014 and December 31, 2013, respectively	`PropertyPlantAndEquipmentNet`	$15.89M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsNoncurrent`	$17.44K	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsNoncurrent`	$17.44K	USD	Point-in-time
Total assets	`Assets`	$55.29M	USD	Point-in-time
Total assets	`Assets`	$49.38M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.05M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$504.79K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$5.00M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$5.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$6.05M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$5.50M	USD	Point-in-time
Total liabilities	`Liabilities`	$5.50M	USD	Point-in-time
Total liabilities	`Liabilities`	$6.05M	USD	Point-in-time
Commitments and contingencies (Note 3)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 3)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $0.001 par value; 100,000,000 shares authorized, 12,349,047 shares issued and outstanding at March 31, 2014 and 12,244,714 shares issued and outstanding at December 31, 2013	`CommonStockValue`	$12.24K	USD	Point-in-time
Common stock, $0.001 par value; 100,000,000 shares authorized, 12,349,047 shares issued and outstanding at March 31, 2014 and 12,244,714 shares issued and outstanding at December 31, 2013	`CommonStockValue`	$12.35K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$135.72M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$136.55M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-92.68M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-86.49M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$14.37M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$49.24M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$43.88M	USD	Point-in-time
Total liabilities and shareholders equity	`LiabilitiesAndStockholdersEquity`	$49.38M	USD	Point-in-time
Total liabilities and shareholders equity	`LiabilitiesAndStockholdersEquity`	$55.29M	USD	Point-in-time

Income Statement 25 line items

Line Item	Tag	Value	Unit	Period
Revenue	`SalesRevenueNet`	-	USD	1 Quarter
Revenue	`SalesRevenueNet`	$5.07M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$3.04K	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	-	USD	1 Quarter
Gross margin	`GrossProfit`	$5.07M	USD	1 Quarter
Gross margin	`GrossProfit`	-	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$2.87M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$2.18M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$1.94M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$3.32M	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$946.42K	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$-6.19M	USD	1 Quarter
Interest income, net	`InterestExpense`	$-990.00	USD	1 Quarter
Interest income, net	`InterestExpense`	$-4.80K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$947.41K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-6.19M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-15.18M	USD	Annual
Net income (loss) - basic (in Dollars per share)	`EarningsPerShareBasic`	$-0.50	USD	1 Quarter
Net income (loss) - basic (in Dollars per share)	`EarningsPerShareBasic`	$0.09	USD	1 Quarter
Net income (loss) - diluted (in Dollars per share)	`EarningsPerShareDiluted`	$-0.50	USD	1 Quarter
Net income (loss) - diluted (in Dollars per share)	`EarningsPerShareDiluted`	$0.07	USD	1 Quarter
Weighted average number of basic common shares outstanding (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	10.07M	shares	1 Quarter
Weighted average number of basic common shares outstanding (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	12.27M	shares	1 Quarter
Weighted average number of diluted common shares outstanding (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	12.27M	shares	1 Quarter
Weighted average number of diluted common shares outstanding (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	12.87M	shares	1 Quarter

Cash Flow Statement 49 line items

Line Item	Tag	Value	Unit	Period
Issuance of Common for Cashless Exercise of Warrants	`StockIssuedDuringPeriodSharesOther`	137,778.00	shares	1 Quarter
Issuance of Common for Cashless Exercise of Warrants	`StockIssuedDuringPeriodSharesOther`	64,699.00	shares	1 Quarter
Cashless Exercise of Warrants	`ClassOfWarrantOrRightsExercised`	198,721.00	shares	1 Quarter
Net income (loss)	`NetIncomeLoss`	$947.41K	USD	1 Quarter
Cashless Exercise of Warrants	`ClassOfWarrantOrRightsExercised`	126,433.00	shares	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-6.19M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-15.18M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$1.50M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$218.87K	USD	1 Quarter
Restricted stock issuance	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$221.89K	USD	1 Quarter
Restricted stock issuance	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$119.50K	USD	1 Quarter
Stock compensation expense	`ShareBasedCompensation`	$631.41K	USD	1 Quarter
Stock compensation expense	`ShareBasedCompensation`	$680.60K	USD	1 Quarter
Decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	-	USD	1 Quarter
Decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-11.41K	USD	1 Quarter
Decrease in prepaid assets and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	-	USD	1 Quarter
Decrease in prepaid assets and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-160.32K	USD	1 Quarter
Increase in accounts payable	`IncreaseDecreaseInAccountsPayable`	$70.83K	USD	1 Quarter
Increase in accounts payable	`IncreaseDecreaseInAccountsPayable`	$-548.96K	USD	1 Quarter
Increase in bonus accrual	`IncreaseDecreaseInOtherAccruedLiabilities`	$273.68K	USD	1 Quarter
Increase in bonus accrual	`IncreaseDecreaseInOtherAccruedLiabilities`	-	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$2.52M	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-4.42M	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$610.67K	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.36M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-610.67K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.36M	USD	1 Quarter
Proceeds from exercise of warrants, net	`ProceedsFromWarrantExercises`	$115.98K	USD	1 Quarter
Proceeds from exercise of warrants, net	`ProceedsFromWarrantExercises`	-	USD	1 Quarter
Proceeds from exercise of stock options, net	`ProceedsFromStockOptionsExercised`	$28.52K	USD	1 Quarter
Proceeds from exercise of stock options, net	`ProceedsFromStockOptionsExercised`	$2.43M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$2.55M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$28.52K	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$2.71M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-5.00M	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$13.00M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$39.37M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$15.71M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$34.36M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$15.71M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$13.00M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$34.36M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$39.37M	USD	Point-in-time
Cash paid for interest	`InterestPaid`	-	USD	1 Quarter
Cash paid for interest	`InterestPaid`	-	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	1 Quarter
Issuance of 64,699 shares of common stock in exchange for the cashless exercise of warrants to purchase 126,433 shares of common stock for the three months ended March 31, 2014. Issuance of 137,778 shares of common stock in exchange for the cashless exercise of warrants to purchase 198,721 shares of common stock for the three months ended March 31, 2013.	`OtherSignificantNoncashTransactionValueOfConsiderationGiven1`	$771.25K	USD	1 Quarter
Issuance of 64,699 shares of common stock in exchange for the cashless exercise of warrants to purchase 126,433 shares of common stock for the three months ended March 31, 2014. Issuance of 137,778 shares of common stock in exchange for the cashless exercise of warrants to purchase 198,721 shares of common stock for the three months ended March 31, 2013.	`OtherSignificantNoncashTransactionValueOfConsiderationGiven1`	$323.49K	USD	1 Quarter

Stockholders Equity 21 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$14.37M	USD	Point-in-time
Balance	`StockholdersEquity`	$49.24M	USD	Point-in-time
Balance	`StockholdersEquity`	$43.88M	USD	Point-in-time
Stock compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$680.60K	USD	1 Quarter
Stock compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$3.41M	USD	Annual
Exercise of warrants	`StockIssuedDuringPeriodValueOther`	$187.98K	USD	Annual
Exercise of warrants (in Shares)	`StockIssuedDuringPeriodSharesOther`	137,778.00	shares	1 Quarter
Exercise of warrants (in Shares)	`StockIssuedDuringPeriodSharesOther`	64,699.00	shares	1 Quarter
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$28.52K	USD	1 Quarter
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$3.51M	USD	Annual
Exercise of stock options (in Shares)	`StockIssuedDuringPeriodSharesStockOptionsExercised`	4,000.00	shares	1 Quarter
Exercise of stock options (in Shares)	`StockIssuedDuringPeriodSharesStockOptionsExercised`	371,718.00	shares	1 Quarter
Issuance of restricted stock	`StockIssuedDuringPeriodValueRestrictedStockAwardGross`	$119.50K	USD	1 Quarter
Issuance of restricted stock	`StockIssuedDuringPeriodValueRestrictedStockAwardGross`	$1.72M	USD	Annual
Issuance of common stock, net of issuance costs	`StockIssuedDuringPeriodValueNewIssues`	$41.22M	USD	Annual
Net loss	`NetIncomeLoss`	$947.41K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-6.19M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-15.18M	USD	Annual
Balance	`StockholdersEquity`	$14.37M	USD	Point-in-time
Balance	`StockholdersEquity`	$49.24M	USD	Point-in-time
Balance	`StockholdersEquity`	$43.88M	USD	Point-in-time

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