LUNA INNOVATIONS INC: 10-Q filed 2016-11-10

Name: LUNA INNOVATIONS INC: 10-Q filed 2016-11-10
Creator: LUNA INNOVATIONS INC

What LUNA INNOVATIONS INC reported in its quarterly report filed 2016-11-10 (fiscal Q3 2016): 39 published measures, 106 facts as tagged in accession 0001239819-16-000176.

This filing

Form: 10-Q (quarterly report)
Filed: 2016-11-10
Fiscal period: fiscal Q3 2016
Accession: 0001239819-16-000176 on SEC EDGAR

Values are as tagged in this filing. A later filing can restate them; each measure links to its history page, which shows the latest-filed value per period. All LUNA INNOVATIONS INC filings.

Reported measures

Total assets

Resources recognized on the balance sheet. Book assets are not the market value of the business.

Period	Value	Unit	Days
At 2016-09-30	53,432,611	USD
At 2015-12-31	58,131,813	USD

Total liabilities

Recognized obligations at the reporting date. The definition and scope differ from interest-bearing debt.

Period	Value	Unit	Days
At 2016-09-30	18,835,925	USD
At 2015-12-31	21,224,795	USD

Stockholders equity

The reported residual interest after liabilities. It is an accounting amount, not market capitalization.

Period	Value	Unit	Days
At 2016-09-30	34,596,686	USD
At 2015-12-31	36,907,018	USD

Cash and cash equivalents

Cash and qualifying short-term liquid investments under the filer’s accounting policy. Restricted cash and longer-term investments may be reported separately.

Period	Value	Unit
At 2016-09-30	13,183,151	USD
At 2015-12-31	17,464,040	USD
At 2015-09-30	7,090,036	USD
At 2014-12-31	14,116,969	USD

Net income or loss

Reported profit or loss for the period. Check the filing for attribution, exceptional items and discontinued operations before comparing companies.

Period	Value	Unit	Days
2016-07-01 to 2016-09-30	-445,078	USD	92
2016-01-01 to 2016-09-30	-2,675,626	USD	274
2015-07-01 to 2015-09-30	-801,689	USD	92
2015-01-01 to 2015-09-30	-5,597,456	USD	273

Operating cash flow

Cash generated or used by operating activities. Working-capital timing can make this differ substantially from reported income.

Period	Value	Unit	Days
2016-01-01 to 2016-09-30	-785,878	USD	274
2015-01-01 to 2015-09-30	-6,312,516	USD	273

Capital expenditure payments

Cash payments to acquire property, plant and equipment. This taxonomy concept does not capture every form of investment or acquisition.

Period	Value	Unit	Days
2016-01-01 to 2016-09-30	1,433,260	USD	274
2015-01-01 to 2015-09-30	387,508	USD	273

Financing cash flow

Net cash from financing activities, including borrowing, repayments and transactions with owners. A positive amount does not establish operating profitability.

Period	Value	Unit	Days
2016-01-01 to 2016-09-30	-1,744,464	USD	274
2015-01-01 to 2015-09-30	-464,181	USD	273

Investing cash flow

Net cash from investing activities, including asset purchases, disposals and investment transactions. This differs from capital expenditure payments alone.

Period	Value	Unit	Days
2016-01-01 to 2016-09-30	-1,750,547	USD	274
2015-01-01 to 2015-09-30	-250,236	USD	273

Retained earnings or deficit

Accumulated undistributed earnings or deficit at the reporting date. This balance is not cash available for distribution.

Period	Value	Unit	Days
At 2016-09-30	-47,149,813	USD
At 2015-12-31	-44,399,455	USD

Income tax expense or benefit

Current and deferred income tax expense or benefit for continuing operations. This accounting expense differs from cash taxes paid.

Period	Value	Unit	Days
2016-07-01 to 2016-09-30	9,702	USD	92
2016-01-01 to 2016-09-30	35,877	USD	274
2015-07-01 to 2015-09-30	16,296	USD	92
2015-01-01 to 2015-09-30	19,104	USD	273

Net property, plant and equipment

Carrying amount of property, plant and equipment after accumulated depreciation, depletion and amortization. It is not replacement cost or market value.

Period	Value	Unit	Days
At 2016-09-30	7,112,535	USD
At 2015-12-31	6,614,238	USD

Share-based compensation expense

Reported noncash expense for share-based payment arrangements. Noncash treatment does not mean the awards have no economic cost to shareholders.

Period	Value	Unit	Days
2016-07-01 to 2016-09-30	200,000	USD	92
2016-01-01 to 2016-09-30	665,354	USD	274
2015-07-01 to 2015-09-30	300,000	USD	92
2015-01-01 to 2015-09-30	846,727	USD	273

Operating income or loss

Operating revenue less operating expenses for the reporting period. It excludes items outside the reported operating result and is not free cash flow.

Period	Value	Unit	Days
2016-07-01 to 2016-09-30	-361,546	USD	92
2016-01-01 to 2016-09-30	-2,364,120	USD	274
2015-07-01 to 2015-09-30	-722,741	USD	92
2015-01-01 to 2015-09-30	-5,434,230	USD	273

Current assets

Assets classified as current under the normal operating cycle or one-year boundary. Not all current assets can be converted immediately into cash.

Period	Value	Unit	Days
At 2016-09-30	34,828,866	USD
At 2015-12-31	38,750,203	USD

Current liabilities

Obligations classified as current under the operating-cycle or one-year boundary. The balance includes more than short-term borrowing.

Period	Value	Unit	Days
At 2016-09-30	14,350,500	USD
At 2015-12-31	15,333,662	USD

Current accounts payable

Current amounts owed to suppliers for goods and services received. This is one component of current liabilities, not all accrued obligations.

Period	Value	Unit	Days
At 2016-09-30	3,257,014	USD
At 2015-12-31	4,054,425	USD

Goodwill carrying amount

Recognized goodwill remaining after accumulated impairment. It arises from business combinations and does not measure the current value of the company’s brand.

Period	Value	Unit	Days
At 2016-09-30	2,348,331	USD
At 2015-12-31	2,274,112	USD

Net current accounts receivable

Current customer receivables after the allowance for credit loss. The balance is not cash collected or a guarantee of collection.

Period	Value	Unit	Days
At 2016-09-30	11,976,920	USD
At 2015-12-31	11,034,557	USD

Common-stock repurchase payments

Cash paid to reacquire common stock during the period. This is not an authorization limit or a direct measure of the net change in share count.

Period	Value	Unit	Days
2016-01-01 to 2016-09-30	325,060	USD	274
2015-01-01 to 2015-09-30	152,713	USD	273

Operating expenses

Recurring operating costs under this accounting concept, generally excluding production costs included in cost of sales. Check filing presentation before combining expense subtotals.

Period	Value	Unit	Days
2016-07-01 to 2016-09-30	5,970,846	USD	92
2016-01-01 to 2016-09-30	17,987,875	USD	274
2015-07-01 to 2015-09-30	5,701,814	USD	92
2015-01-01 to 2015-09-30	16,898,996	USD	273

Net inventory

Inventory carrying amount after applicable valuation and LIFO reserves. It does not establish realizable selling proceeds or inventory turnover without other inputs.

Period	Value	Unit	Days
At 2016-09-30	7,898,724	USD
At 2015-12-31	8,863,167	USD

Gross profit

Revenue less the costs directly attributed to the goods or services sold. It precedes other operating expenses and is not net income.

Period	Value	Unit	Days
2016-07-01 to 2016-09-30	5,609,300	USD	92
2016-01-01 to 2016-09-30	15,623,755	USD	274
2015-07-01 to 2015-09-30	4,979,073	USD	92
2015-01-01 to 2015-09-30	11,464,766	USD	273

Cost of revenue

Costs attributed to goods produced and sold and services provided during the period. This is not the sum of every operating expense.

Period	Value	Unit	Days
2016-07-01 to 2016-09-30	9,009,620	USD	92
2016-01-01 to 2016-09-30	27,629,082	USD	274
2015-07-01 to 2015-09-30	8,226,157	USD	92
2015-01-01 to 2015-09-30	17,105,314	USD	273

Selling, general and administrative expense

Selling and general administrative costs reported under this concept. It is an expense category, not a substitute for total operating expenses.

Period	Value	Unit	Days
2016-07-01 to 2016-09-30	4,567,168	USD	92
2016-01-01 to 2016-09-30	13,793,051	USD	274
2015-07-01 to 2015-09-30	4,210,718	USD	92
2015-01-01 to 2015-09-30	13,916,545	USD	273

Research and development expense

Research and development costs recognized as expense. Capitalization policies and acquired projects can make this differ from total cash invested in development.

Period	Value	Unit	Days
2016-07-01 to 2016-09-30	1,403,678	USD	92
2016-01-01 to 2016-09-30	4,194,824	USD	274
2015-07-01 to 2015-09-30	1,491,096	USD	92
2015-01-01 to 2015-09-30	2,982,451	USD	273

Common shares outstanding

Common shares outstanding at the reporting date. This point-in-time count differs from the weighted-average shares used for earnings per share and can exclude other share classes.

Period	Value	Unit	Days
At 2016-09-30	27,542,401	shares
At 2015-12-31	27,477,181	shares

Additional paid-in capital

Capital contributed above par value under this concept. It records historical contributions, not the current value of the equity or cash on hand.

Period	Value	Unit	Days
At 2016-09-30	82,226,909	USD
At 2015-12-31	81,461,907	USD

Long-term debt

Long-term borrowings under this concept, which can include the current portion depending on presentation. It is not total liabilities and may exclude leases and other obligations.

Period	Value	Unit	Days
At 2016-09-30	4,750,000	USD
At 2015-12-31	6,125,000	USD

Net intangible assets excluding goodwill

Intangible assets other than goodwill after amortization and impairment. Internally developed intangibles are usually not recognized, so this understates what a company relies on.

Period	Value	Unit	Days
At 2016-09-30	9,053,931	USD
At 2015-12-31	10,404,312	USD

Other noncurrent assets

Noncurrent assets the filer does not present separately. The composition differs by filer and is described only in the filing.

Period	Value	Unit	Days
At 2016-09-30	88,948	USD
At 2015-12-31	88,948	USD

Accrued current liabilities

Current obligations accrued for goods and services received but not yet invoiced or paid. This is one component of current liabilities, not all short-term obligations.

Period	Value	Unit	Days
At 2016-09-30	8,220,339	USD
At 2015-12-31	8,304,686	USD

Prepaid expenses and other current assets

Prepayments and other current assets grouped under this concept. The balance is not cash and its composition differs by filer.

Period	Value	Unit	Days
At 2016-09-30	1,770,071	USD
At 2015-12-31	1,388,439	USD

Pre-tax income or loss from continuing operations

Income or loss from continuing operations before income taxes and noncontrolling interests. It excludes discontinued operations and is not net income.

Period	Value	Unit	Days
2016-07-01 to 2016-09-30	-435,376	USD	92
2016-01-01 to 2016-09-30	-2,639,749	USD	274
2015-07-01 to 2015-09-30	-785,393	USD	92
2015-01-01 to 2015-09-30	-5,578,352	USD	273

Net income available to common stockholders

Net income after preferred dividends and similar adjustments, the numerator for basic earnings per share. It can be lower than reported net income.

Period	Value	Unit	Days
2016-07-01 to 2016-09-30	-474,019	USD	92
2016-01-01 to 2016-09-30	-2,750,357	USD	274
2015-07-01 to 2015-09-30	-819,906	USD	92
2015-01-01 to 2015-09-30	-5,662,254	USD	273

Other nonoperating income or expense

Other income or expense outside operations under this concept. The composition is filer-specific and can include one-time items.

Period	Value	Unit	Days
2016-07-01 to 2016-09-30	-231	USD	92
2016-01-01 to 2016-09-30	-36,940	USD	274
2015-07-01 to 2015-09-30	14,765	USD	92
2015-01-01 to 2015-09-30	-7,602	USD	273

Nonoperating income or expense

Total nonoperating income or expense, which can include interest, investment results and other items. A positive value is not operating profit.

Period	Value	Unit	Days
2016-07-01 to 2016-09-30	-73,830	USD	92
2016-01-01 to 2016-09-30	-275,629	USD	274
2015-07-01 to 2015-09-30	-62,652	USD	92
2015-01-01 to 2015-09-30	-144,122	USD	273

Change in accounts receivable

The cash flow adjustment for the change in receivables during the period. A positive value under this concept means receivables grew and reduced operating cash flow.

Period	Value	Unit	Days
2016-01-01 to 2016-09-30	1,197,885	USD	274
2015-01-01 to 2015-09-30	328,061	USD	273

Change in inventories

The cash flow adjustment for the change in inventories during the period. A positive value under this concept means inventory grew and reduced operating cash flow.

Period	Value	Unit	Days
2016-01-01 to 2016-09-30	-964,443	USD	274
2015-01-01 to 2015-09-30	1,426,968	USD	273

Inspect the source

Entity: LUNA INNOVATIONS INC / CIK 0001239819
Captured: 2026-09-22 19:42 UTC
SEC response SHA-256: cc278e98be686cc30000bb382d7d6aa4aff707c5d070087384d719cfb942d8ea

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Every published concept a filing tagged, with the periods it covered, as reported in that filing at capture time. Forms 10-K, 10-K/A, 10-Q, 10-Q/A, 20-F, 20-F/A, 40-F, 40-F/A. A filing page needs at least 8 published concepts. Later filings can restate these values; the company history pages show the latest-filed value per period.

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