10-Q Filing

UNI-PIXEL CIK: 1171012 Q1 2015

Filing Information

Form Type	10-Q
Accession Number	`0001185185-15-001167`
Period End Date	20150331
Filing Date	20150511
Fiscal Year	2015
Fiscal Period	Q1
XBRL Instance	unxl-20150331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 47 Income Statement 25 Cash Flow Statement 43 Stockholders Equity 24

Balance Sheet 47 line items

Line Item	Tag	Value	Unit	Period
Accumulated depreciation (in Dollars)	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$10.87M	USD	Point-in-time
Accumulated depreciation (in Dollars)	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$12.43M	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`	$20.68M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$39.37M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$34.36M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$23.66M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	12.35M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	12.39M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$122.50K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$75.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$20.76M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	12.39M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	12.35M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$23.79M	USD	Point-in-time
Property and equipment, net of accumulated depreciation of $12,433,638 and $10,867,375, at March 31, 2015 and December 31, 2014, respectively	`PropertyPlantAndEquipmentNet`	$9.59M	USD	Point-in-time
Property and equipment, net of accumulated depreciation of $12,433,638 and $10,867,375, at March 31, 2015 and December 31, 2014, respectively	`PropertyPlantAndEquipmentNet`	$11.11M	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`	$34.91M	USD	Point-in-time
Total assets	`Assets`	$30.37M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$415.55K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$280.92K	USD	Point-in-time
Settlement of class action and derivative lawsuits	`LossContingencyAccrualCarryingValueCurrent`	$2.27M	USD	Point-in-time
Settlement of class action and derivative lawsuits	`LossContingencyAccrualCarryingValueCurrent`	$2.27M	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`	$7.69M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$7.56M	USD	Point-in-time
Total liabilities	`Liabilities`	$7.69M	USD	Point-in-time
Total liabilities	`Liabilities`	$7.56M	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, 12,390,765 shares issued and outstanding at March 31, 2015 and 12,350,715 shares issued and outstanding at December 31, 2014	`CommonStockValue`	$12.39K	USD	Point-in-time
Common stock, $0.001 par value; 100,000,000 shares authorized, 12,390,765 shares issued and outstanding at March 31, 2015 and 12,350,715 shares issued and outstanding at December 31, 2014	`CommonStockValue`	$12.35K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$140.51M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$139.51M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-112.17M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-117.85M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$49.24M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$27.36M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$22.68M	USD	Point-in-time
Total liabilities and shareholders equity	`LiabilitiesAndStockholdersEquity`	$30.37M	USD	Point-in-time
Total liabilities and shareholders equity	`LiabilitiesAndStockholdersEquity`	$34.91M	USD	Point-in-time

Income Statement 25 line items

Line Item	Tag	Value	Unit	Period
Revenue	`SalesRevenueNet`	-	USD	1 Quarter
Revenue	`SalesRevenueNet`	$6.75K	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	-	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$6.81K	USD	1 Quarter
Gross margin	`GrossProfit`	-	USD	1 Quarter
Gross margin	`GrossProfit`	$-63.00	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$2.97M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$2.87M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$2.72M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$3.32M	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$-5.69M	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$-6.19M	USD	1 Quarter
Interest income, net	`InterestIncomeExpenseNet`	$4.42K	USD	1 Quarter
Interest income, net	`InterestIncomeExpenseNet`	$4.80K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-6.19M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-25.67M	USD	Annual
Net income (loss)	`NetIncomeLoss`	$-5.68M	USD	1 Quarter
Net income (loss) - basic (in Dollars per share)	`EarningsPerShareBasic`	$-0.50	USD	1 Quarter
Net income (loss) - basic (in Dollars per share)	`EarningsPerShareBasic`	$-0.46	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`	$-0.46	USD	1 Quarter
Weighted average number of basic common shares outstanding (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	12.27M	shares	1 Quarter
Weighted average number of basic common shares outstanding (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	12.36M	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`	12.36M	shares	1 Quarter

Cash Flow Statement 43 line items

Line Item	Tag	Value	Unit	Period
Issuance of Common for Cashless Exercise of Warrants	`StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities`	64,699.00	shares	1 Quarter
Net loss	`NetIncomeLoss`	$-6.19M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-25.67M	USD	Annual
Net loss	`NetIncomeLoss`	$-5.68M	USD	1 Quarter
Cashless Exercise of Warrants	`ClassOfWarrantOrRightsExercised`	126,433.00	shares	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$1.50M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$1.57M	USD	1 Quarter
Restricted stock issuance	`EmployeeBenefitsAndShareBasedCompensation`	$119.50K	USD	1 Quarter
Restricted stock issuance	`EmployeeBenefitsAndShareBasedCompensation`	$386.76K	USD	1 Quarter
Stock compensation expense	`ShareBasedCompensation`	$680.60K	USD	1 Quarter
Stock compensation expense	`ShareBasedCompensation`	$540.99K	USD	1 Quarter
Decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-11.41K	USD	1 Quarter
Decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	-	USD	1 Quarter
Decrease in prepaid assets and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-47.50K	USD	1 Quarter
Decrease in prepaid assets and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	-	USD	1 Quarter
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$134.64K	USD	1 Quarter
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$-548.96K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-3.01M	USD	1 Quarter
Net cash 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`	$48.74K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-48.74K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-610.67K	USD	1 Quarter
Proceeds from exercise of stock options, net	`ProceedsFromStockOptionsExercised`	$28.52K	USD	1 Quarter
Proceeds from exercise of stock options, net	`ProceedsFromStockOptionsExercised`	$75.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$75.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$28.52K	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.98M	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`	$34.36M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$23.66M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$20.68M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$39.37M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$20.68M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$39.37M	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`	$23.66M	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.	`StockIssued1`	$323.49K	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.	`StockIssued1`	-	USD	1 Quarter

Stockholders Equity 24 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$49.24M	USD	Point-in-time
Balance	`StockholdersEquity`	$27.36M	USD	Point-in-time
Balance	`StockholdersEquity`	$22.68M	USD	Point-in-time
Balance (in Shares)	`CommonStockSharesOutstanding`	12.39M	shares	Point-in-time
Balance (in Shares)	`CommonStockSharesOutstanding`	12.35M	shares	Point-in-time
Stock compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$540.99K	USD	1 Quarter
Stock compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$2.42M	USD	Annual
Exercise of warrants (in Shares)	`StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities`	64,699.00	shares	1 Quarter
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$41.64K	USD	Annual
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$75.00K	USD	1 Quarter
Exercise of stock options (in Shares)	`StockIssuedDuringPeriodSharesStockOptionsExercised`	4,000.00	shares	1 Quarter
Exercise of stock options (in Shares)	`StockIssuedDuringPeriodSharesStockOptionsExercised`	12,500.00	shares	1 Quarter
Issuance of restricted stock	`StockIssuedDuringPeriodValueRestrictedStockAwardGross`	$1.33M	USD	Annual
Issuance of restricted stock	`StockIssuedDuringPeriodValueRestrictedStockAwardGross`	$386.76K	USD	1 Quarter
Issuance of restricted stock (in Shares)	`StockIssuedDuringPeriodSharesRestrictedStockAwardGross`	27,550.00	shares	1 Quarter
Issuance of restricted stock (in Shares)	`StockIssuedDuringPeriodSharesRestrictedStockAwardGross`	35,634.00	shares	1 Quarter
Net loss	`NetIncomeLoss`	$-6.19M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-25.67M	USD	Annual
Net loss	`NetIncomeLoss`	$-5.68M	USD	1 Quarter
Balance	`StockholdersEquity`	$49.24M	USD	Point-in-time
Balance	`StockholdersEquity`	$27.36M	USD	Point-in-time
Balance	`StockholdersEquity`	$22.68M	USD	Point-in-time
Balance (in Shares)	`CommonStockSharesOutstanding`	12.39M	shares	Point-in-time
Balance (in Shares)	`CommonStockSharesOutstanding`	12.35M	shares	Point-in-time

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