10-Q Filing

UNI-PIXEL CIK: 1171012 Q1 2017

Filing Information

Form Type	10-Q
Accession Number	`0001493152-17-005049`
Period End Date	20170331
Filing Date	20170511
Fiscal Year	2017
Fiscal Period	Q1
XBRL Instance	unxl-20170331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 64 Income Statement 36 Cash Flow Statement 66

Balance Sheet 64 line items

Line Item	Tag	Value	Unit	Period
Redeemable convertible preferred stock, shares authorized	`TemporaryEquitySharesAuthorized`	10.00M	shares	Point-in-time
Redeemable convertible preferred stock, shares authorized	`TemporaryEquitySharesAuthorized`	10.00M	shares	Point-in-time
Redeemable convertible preferred stock, shares issued	`TemporaryEquitySharesIssued`	3,000.00	shares	Point-in-time
Redeemable convertible preferred stock, shares issued	`TemporaryEquitySharesIssued`	3,000.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.83M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.99M	USD	Point-in-time
Redeemable convertible preferred stock, shares outstanding	`TemporaryEquitySharesOutstanding`	3,000.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.62M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.56M	USD	Point-in-time
Redeemable convertible preferred stock, shares outstanding	`TemporaryEquitySharesOutstanding`	3,000.00	shares	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Account receivable, net	`AccountsReceivableNetCurrent`	$1.09M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Account receivable, net	`AccountsReceivableNetCurrent`	$1.01M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Inventory	`InventoryNet`	$765.00K	USD	Point-in-time
Inventory	`InventoryNet`	$963.00K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	45.12M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	55.72M	shares	Point-in-time
Prepaid licenses, net	`OtherPrepaidExpenseCurrent`	$4.63M	USD	Point-in-time
Prepaid licenses, net	`OtherPrepaidExpenseCurrent`	$4.37M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$359.00K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	55.72M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$394.00K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	45.12M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$12.73M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$8.40M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.15M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.11M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$144.00K	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$132.00K	USD	Point-in-time
Prepaid licenses, net of current portion	`PrepaidExpenseOtherNoncurrent`	$729.00K	USD	Point-in-time
Prepaid licenses, net of current portion	`PrepaidExpenseOtherNoncurrent`	-	USD	Point-in-time
Total assets	`Assets`	$10.38M	USD	Point-in-time
Total assets	`Assets`	$14.02M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.87M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$3.49M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$1.10M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$1.23M	USD	Point-in-time
Derivative liability	`DerivativeLiabilitiesCurrent`	$2.06M	USD	Point-in-time
Derivative liability	`DerivativeLiabilitiesCurrent`	$658.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$5.25M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$6.15M	USD	Point-in-time
Long term liabilities	`LiabilitiesNoncurrent`	$327.00K	USD	Point-in-time
Long term liabilities	`LiabilitiesNoncurrent`	$350.00K	USD	Point-in-time
Long term debt	`LongTermDebtNoncurrent`	$809.00K	USD	Point-in-time
Long term debt	`LongTermDebtNoncurrent`	$724.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$7.20M	USD	Point-in-time
Total liabilities	`Liabilities`	$6.40M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Redeemable convertible preferred stock, 10,000,000 shares authorized; 3,000 shares issued and outstanding	`RedeemableNoncontrollingInterestEquityPreferredCarryingAmount`	-	USD	Point-in-time
Redeemable convertible preferred stock, 10,000,000 shares authorized; 3,000 shares issued and outstanding	`RedeemableNoncontrollingInterestEquityPreferredCarryingAmount`	$625.00K	USD	Point-in-time
Common stock, $0.001 par value; 100,000,000 shares authorized, 55,724,162 shares issued and outstanding at March 31, 2017 and 45,122,841 shares issued and outstanding at December 31, 2016	`CommonStockValue`	$45.00K	USD	Point-in-time
Common stock, $0.001 par value; 100,000,000 shares authorized, 55,724,162 shares issued and outstanding at March 31, 2017 and 45,122,841 shares issued and outstanding at December 31, 2016	`CommonStockValue`	$56.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$192.46M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$182.56M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-178.63M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-186.31M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$3.98M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$6.20M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$14.02M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$10.38M	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Revenue	`SalesRevenueNet`	$1.30M	USD	1 Quarter
Revenue	`SalesRevenueNet`	$850.00K	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$4.34M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$4.25M	USD	1 Quarter
Gross margin	`GrossProfit`	$-3.04M	USD	1 Quarter
Gross margin	`GrossProfit`	$-3.40M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$1.97M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$1.85M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$2.87M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$927.00K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-6.18M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-7.88M	USD	1 Quarter
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	$63.00K	USD	1 Quarter
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	$526.00K	USD	1 Quarter
Gain (loss) on change in warrant liability	`DerivativeGainLossOnDerivativeNet`	$-407.00K	USD	1 Quarter
Gain (loss) on change in warrant liability	`DerivativeGainLossOnDerivativeNet`	$841.00K	USD	1 Quarter
Accretion of discount on convertible notes	`AmortizationOfDebtDiscountPremium`	$1.29M	USD	1 Quarter
Accretion of discount on convertible notes	`AmortizationOfDebtDiscountPremium`	-	USD	1 Quarter
Interest expense	`InterestExpense`	$-10.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$-20.00K	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$758.00K	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-2.23M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-8.41M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-7.13M	USD	1 Quarter
Deemed dividend - accretion on Series A-1 preferred stock	`DividendsPreferredStock`	-	USD	1 Quarter
Deemed dividend - accretion on Series A-1 preferred stock	`DividendsPreferredStock`	$562.00K	USD	1 Quarter
Net loss attributable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-8.41M	USD	1 Quarter
Net loss attributable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-7.69M	USD	1 Quarter
Net loss attributable to common shareholders- basic	`EarningsPerShareBasic`	$-0.15	USD	1 Quarter
Net loss attributable to common shareholders- basic	`EarningsPerShareBasic`	$-0.24	USD	1 Quarter
Net loss attributable to common shareholders- diluted	`EarningsPerShareDiluted`	$-0.24	USD	1 Quarter
Net loss attributable to common shareholders- diluted	`EarningsPerShareDiluted`	$-0.15	USD	1 Quarter
Weighted average number of basic common shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	35.80M	shares	1 Quarter
Weighted average number of basic common shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	49.67M	shares	1 Quarter
Weighted average number of diluted common shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	35.80M	shares	1 Quarter
Weighted average number of diluted common shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	49.67M	shares	1 Quarter

Cash Flow Statement 66 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-8.41M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-7.13M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$1.28M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$1.20M	USD	1 Quarter
Restricted stock issuance	`RestrictedStockExpense`	$259.00K	USD	1 Quarter
Restricted stock issuance	`RestrictedStockExpense`	$302.00K	USD	1 Quarter
Stock compensation expense	`ShareBasedCompensation`	$105.00K	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`	$63.00K	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 (decrease) increase in fair value of derivative liabilities	`DerivativeGainLossOnDerivativeNet`	$-407.00K	USD	1 Quarter
Net (decrease) increase in fair value of derivative liabilities	`DerivativeGainLossOnDerivativeNet`	$841.00K	USD	1 Quarter
Decrease (increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-74.00K	USD	1 Quarter
Decrease (increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$392.00K	USD	1 Quarter
(Increase) decrease in inventory	`IncreaseDecreaseInInventories`	$198.00K	USD	1 Quarter
(Increase) decrease in inventory	`IncreaseDecreaseInInventories`	$-61.00K	USD	1 Quarter
(Increase) decrease in prepaid assets and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-219.00K	USD	1 Quarter
(Increase) decrease in prepaid assets and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$47.00K	USD	1 Quarter
(Decrease) increase in accounts payable	`IncreaseDecreaseInAccountsPayable`	$-615.00K	USD	1 Quarter
(Decrease) 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`	$-22.00K	USD	1 Quarter
Decrease in accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-109.00K	USD	1 Quarter
Decrease in accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-55.00K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-4.33M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-7.20M	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$149.00K	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$59.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-149.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-59.00K	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 issuance of common stock, net	`ProceedsFromIssuanceOfCommonStock`	$9.08M	USD	1 Quarter
Proceeds from issuance of common stock, net	`ProceedsFromIssuanceOfCommonStock`	-	USD	1 Quarter
Proceeds from redeemable convertible preferred stock and warrants issued, net	`ProceedsFromIssuanceOfRedeemableConvertiblePreferredStock`	-	USD	1 Quarter
Proceeds from redeemable convertible preferred stock and warrants issued, net	`ProceedsFromIssuanceOfRedeemableConvertiblePreferredStock`	$2.70M	USD	1 Quarter
Payments on capital lease	`RepaymentsOfLongTermCapitalLeaseObligations`	-	USD	1 Quarter
Payments on capital lease	`RepaymentsOfLongTermCapitalLeaseObligations`	$3.00K	USD	1 Quarter
Payments on long-term debt	`RepaymentsOfLongTermDebt`	$86.00K	USD	1 Quarter
Payments on long-term debt	`RepaymentsOfLongTermDebt`	-	USD	1 Quarter
Payments on note payable	`RepaymentsOfNotesPayable`	-	USD	1 Quarter
Payments on note payable	`RepaymentsOfNotesPayable`	$2.42M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$11.69M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.68M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.79M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$4.43M	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.56M	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`	$5.99M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$4.83M	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`	$5.99M	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`	$1.56M	USD	Point-in-time
Cash paid for interest	`InterestPaid`	$17.00K	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`	$1.68M	USD	1 Quarter
Issuance of common stock to convert notes and interest	`DebtConversionConvertedInstrumentAmount1`	-	USD	1 Quarter
Deemed dividend accretion on Series A-1 preferred stock	`DividendsPreferredStock`	$562.00K	USD	1 Quarter
Deemed dividend accretion on Series A-1 preferred stock	`DividendsPreferredStock`	-	USD	1 Quarter
Beneficial conversion feature assigned to equity	`BeneficialConversionFeatureAssignedToEquity`	$460.00K	USD	1 Quarter
Beneficial conversion feature assigned to equity	`BeneficialConversionFeatureAssignedToEquity`	-	USD	1 Quarter

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