10-Q Filing

UNI-PIXEL CIK: 1171012 Q1 2016

Filing Information

Form Type	10-Q
Accession Number	`0001493152-16-009441`
Period End Date	20160331
Filing Date	20160505
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	unxl-20160331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 67 Income Statement 30 Cash Flow Statement 56

Balance Sheet 67 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	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`	32.17M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.62M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$23.66M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$20.68M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	36.63M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.83M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	36.63M	shares	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	32.17M	shares	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$4.10M	USD	Point-in-time
Account receivable, net	`AccountsReceivableNetCurrent`	$727.00K	USD	Point-in-time
Account receivable, net	`AccountsReceivableNetCurrent`	$334.00K	USD	Point-in-time
Inventory	`InventoryNet`	$769.00K	USD	Point-in-time
Inventory	`InventoryNet`	$707.00K	USD	Point-in-time
Inventory	`InventoryNet`	-	USD	Point-in-time
Debt issuance costs	`DeferredFinanceCostsCurrentNet`	-	USD	Point-in-time
Debt issuance costs	`DeferredFinanceCostsCurrentNet`	$526.00K	USD	Point-in-time
Prepaid licenses	`OtherPrepaidExpenseCurrent`	$4.90M	USD	Point-in-time
Prepaid licenses	`OtherPrepaidExpenseCurrent`	$4.90M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$602.00K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$819.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$11.76M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$19.06M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.84M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.71M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$13.00K	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$13.00K	USD	Point-in-time
Prepaid licenses, net of current portion	`PrepaidExpenseOtherNoncurrent`	$4.40M	USD	Point-in-time
Prepaid licenses, net of current portion	`PrepaidExpenseOtherNoncurrent`	$5.63M	USD	Point-in-time
Total assets	`Assets`	$17.89M	USD	Point-in-time
Total assets	`Assets`	$26.55M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.54M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.15M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$780.00K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$676.00K	USD	Point-in-time
Convertible notes payable	`ConvertibleNotesPayableCurrent`	$2.77M	USD	Point-in-time
Convertible notes payable	`ConvertibleNotesPayableCurrent`	-	USD	Point-in-time
Short term debt	`DebtCurrent`	-	USD	Point-in-time
Short term debt	`DebtCurrent`	$450.00K	USD	Point-in-time
Derivative liability	`DerivativeLiabilitiesCurrent`	$869.00K	USD	Point-in-time
Derivative liability	`DerivativeLiabilitiesCurrent`	$491.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$5.19M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.54M	USD	Point-in-time
Royalty liability	`OtherLiabilitiesNoncurrent`	$948.00K	USD	Point-in-time
Royalty liability	`OtherLiabilitiesNoncurrent`	$1.18M	USD	Point-in-time
Long term liabilities	`LiabilitiesNoncurrent`	$584.00K	USD	Point-in-time
Long term liabilities	`LiabilitiesNoncurrent`	$645.00K	USD	Point-in-time
Long term debt	`LongTermDebtNoncurrent`	$450.00K	USD	Point-in-time
Long term debt	`LongTermDebtNoncurrent`	-	USD	Point-in-time
Total liabilities	`Liabilities`	$5.07M	USD	Point-in-time
Total liabilities	`Liabilities`	$7.46M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $0.001 par value; 100,000,000 shares authorized, 36,627,985 shares issued and outstanding at March 31, 2016 and 32,170,778 shares issued and outstanding at December 31, 2015	`CommonStockValue`	$37.00K	USD	Point-in-time
Common stock, $0.001 par value; 100,000,000 shares authorized, 36,627,985 shares issued and outstanding at March 31, 2016 and 32,170,778 shares issued and outstanding at December 31, 2015	`CommonStockValue`	$32.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$170.38M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$168.24M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-157.60M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-149.19M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$19.08M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$12.82M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$26.55M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$17.89M	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
Revenue	`SalesRevenueNet`	$850.00K	USD	1 Quarter
Revenue	`SalesRevenueNet`	$7.00K	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$4.25M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$7.00K	USD	1 Quarter
Gross margin	`GrossProfit`	$-3.40M	USD	1 Quarter
Gross margin	`GrossProfit`	-	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$2.97M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$1.85M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$2.72M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$927.00K	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$-5.69M	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$-6.18M	USD	1 Quarter
Debt issuance cost amortization expense	`AmortizationOfFinancingCosts`	$526.00K	USD	1 Quarter
Debt issuance cost amortization expense	`AmortizationOfFinancingCosts`	-	USD	1 Quarter
Loss on change in warranty liability	`DerivativeGainLossOnDerivativeNet`	$-407.00K	USD	1 Quarter
Loss on change in warranty liability	`DerivativeGainLossOnDerivativeNet`	-	USD	1 Quarter
Accretion of discount on convertible notes	`AmortizationOfDebtDiscountPremium`	-	USD	1 Quarter
Accretion of discount on convertible notes	`AmortizationOfDebtDiscountPremium`	$1.29M	USD	1 Quarter
Interest income (expense), net	`InterestIncomeExpenseNet`	$-10.00K	USD	1 Quarter
Interest income (expense), net	`InterestIncomeExpenseNet`	$4.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-5.68M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-8.41M	USD	1 Quarter
Net loss - basic	`EarningsPerShareBasic`	$-0.24	USD	1 Quarter
Net loss - basic	`EarningsPerShareBasic`	$-0.46	USD	1 Quarter
Net loss - diluted	`EarningsPerShareDiluted`	$-0.46	USD	1 Quarter
Net loss - diluted	`EarningsPerShareDiluted`	$-0.24	USD	1 Quarter
Weighted average number of basic common shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	12.36M	shares	1 Quarter
Weighted average number of basic common shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	35.80M	shares	1 Quarter
Weighted average number of diluted common shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	12.36M	shares	1 Quarter
Weighted average number of diluted common shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	35.80M	shares	1 Quarter

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-5.68M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-8.41M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$1.57M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$1.28M	USD	1 Quarter
Restricted stock issuance	`EmployeeBenefitsAndShareBasedCompensation`	$387.00K	USD	1 Quarter
Restricted stock issuance	`EmployeeBenefitsAndShareBasedCompensation`	$302.00K	USD	1 Quarter
Stock compensation expense	`ShareBasedCompensation`	$541.00K	USD	1 Quarter
Stock compensation expense	`ShareBasedCompensation`	$167.00K	USD	1 Quarter
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	$526.00K	USD	1 Quarter
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	-	USD	1 Quarter
Accretion of discount on convertible note	`AmortizationOfDebtDiscountPremium`	-	USD	1 Quarter
Accretion of discount on convertible note	`AmortizationOfDebtDiscountPremium`	$1.29M	USD	1 Quarter
Net increase in fair value of derivatives	`DerivativeGainLossOnDerivativeNet`	$-407.00K	USD	1 Quarter
Net increase in fair value of derivatives	`DerivativeGainLossOnDerivativeNet`	-	USD	1 Quarter
Increase in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	-	USD	1 Quarter
Increase in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$392.00K	USD	1 Quarter
Decrease in inventory	`IncreaseDecreaseInInventories`	$-61.00K	USD	1 Quarter
Decrease in inventory	`IncreaseDecreaseInInventories`	-	USD	1 Quarter
Decrease in prepaid assets and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-219.00K	USD	1 Quarter
Decrease in prepaid assets and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-48.00K	USD	1 Quarter
Increase in accounts payable	`IncreaseDecreaseInAccountsPayable`	$135.00K	USD	1 Quarter
Increase in accounts payable	`IncreaseDecreaseInAccountsPayable`	$393.00K	USD	1 Quarter
Decrease in long-term liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-57.00K	USD	1 Quarter
Decrease in long-term liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	-	USD	1 Quarter
Decrease in accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	-	USD	1 Quarter
Decrease in accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-109.00K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-4.33M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-3.01M	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$149.00K	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$49.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-49.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-149.00K	USD	1 Quarter
Decrease in cash restricted for convertible notes payable	`IncreaseDecreaseInRestrictedCash`	$-4.10M	USD	1 Quarter
Decrease in cash restricted for convertible notes payable	`IncreaseDecreaseInRestrictedCash`	-	USD	1 Quarter
Proceeds from exercise of stock options, net	`ProceedsFromStockOptionsExercised`	$75.00K	USD	1 Quarter
Proceeds from exercise of stock options, net	`ProceedsFromStockOptionsExercised`	-	USD	1 Quarter
Payments on note payable	`RepaymentsOfNotesPayable`	$2.42M	USD	1 Quarter
Payments on note payable	`RepaymentsOfNotesPayable`	-	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$75.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.68M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.98M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.79M	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$20.68M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$4.83M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$7.62M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$23.66M	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`	$4.83M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$7.62M	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`	$8.00K	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	1 Quarter
Issuance of common stock to convert notes and interest	`DebtConversionConvertedInstrumentAmount1`	-	USD	1 Quarter
Issuance of common stock to convert notes and interest	`DebtConversionConvertedInstrumentAmount1`	$1.68M	USD	1 Quarter

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