Vuzix Corp: 10-Q filed 2016-08-15
What Vuzix Corp reported in its quarterly report filed 2016-08-15 (fiscal Q2 2016): 33 published measures, 92 facts as tagged in accession 0001144204-16-118913.
This filing
- Form
- 10-Q (quarterly report)
- Filed
- 2016-08-15
- Fiscal period
- fiscal Q2 2016
- Accession
- 0001144204-16-118913 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 Vuzix Corp 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 2016-06-30 | 12,882,438 | USD | |
| At 2015-12-31 | 19,562,629 | USD |
Total liabilities
Recognized obligations at the reporting date. The definition and scope differ from interest-bearing debt.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2016-06-30 | 4,027,264 | USD | |
| At 2015-12-31 | 3,469,758 | USD |
Stockholders equity
The reported residual interest after liabilities. It is an accounting amount, not market capitalization.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2016-06-30 | 8,855,174 | USD | |
| At 2015-12-31 | 16,092,871 | 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 | Days |
|---|---|---|---|
| At 2016-06-30 | 4,586,333 | USD | |
| At 2015-12-31 | 11,877,058 | USD | |
| At 2015-06-30 | 15,047,989 | USD | |
| At 2014-12-31 | 84,967 | 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 |
|---|---|---|---|
| 2016-04-01 to 2016-06-30 | -4,103,490 | USD | 91 |
| 2016-01-01 to 2016-06-30 | -7,879,229 | USD | 182 |
| 2015-01-01 to 2015-12-31 | 13,427,478 | USD | 365 |
| 2015-04-01 to 2015-06-30 | -2,402,327 | USD | 91 |
| 2015-01-01 to 2015-06-30 | -7,493,179 | USD | 181 |
| 2014-01-01 to 2014-12-31 | 7,868,858 | USD | 365 |
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 2016-06-30 | 836,541 | USD | 182 |
| 2015-01-01 to 2015-06-30 | 171,243 | USD | 181 |
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 2016-06-30 | -65,468,097 | USD | |
| At 2015-12-31 | -57,588,868 | 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 |
|---|---|---|---|
| 2016-04-01 to 2016-06-30 | 0 | USD | 91 |
| 2016-01-01 to 2016-06-30 | 0 | USD | 182 |
| 2015-04-01 to 2015-06-30 | 0 | USD | 91 |
| 2015-01-01 to 2015-06-30 | 0 | USD | 181 |
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 2016-06-30 | 2,551,228 | USD | |
| At 2015-12-31 | 2,015,433 | 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 |
|---|---|---|---|
| 2016-01-01 to 2016-06-30 | 349,206 | USD | 182 |
| 2015-01-01 to 2015-06-30 | 252,331 | USD | 181 |
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 |
|---|---|---|---|
| 2016-04-01 to 2016-06-30 | -3,829,757 | USD | 91 |
| 2016-01-01 to 2016-06-30 | -7,525,611 | USD | 182 |
| 2015-04-01 to 2015-06-30 | -2,144,281 | USD | 91 |
| 2015-01-01 to 2015-06-30 | -5,832,746 | USD | 181 |
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 2016-06-30 | 9,452,744 | USD | |
| At 2015-12-31 | 16,530,211 | USD |
Interest expense
Borrowing costs recognized as interest expense. This is distinct from cash interest paid and may not include every capitalized borrowing cost.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2016-04-01 to 2016-06-30 | 33,542 | USD | 91 |
| 2016-01-01 to 2016-06-30 | 67,093 | USD | 182 |
| 2015-04-01 to 2015-06-30 | 37,693 | USD | 91 |
| 2015-01-01 to 2015-06-30 | 77,737 | USD | 181 |
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 2016-06-30 | 3,755,132 | USD | |
| At 2015-12-31 | 1,802,122 | 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 2016-06-30 | 1,057,169 | USD | |
| At 2015-12-31 | 907,434 | 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 2016-06-30 | 101,883 | USD | |
| At 2015-12-31 | 325,694 | USD |
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 2016-06-30 | 3,470,954 | USD | |
| At 2015-12-31 | 3,349,098 | 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 |
|---|---|---|---|
| 2016-04-01 to 2016-06-30 | -126,054 | USD | 91 |
| 2016-01-01 to 2016-06-30 | -365,191 | USD | 182 |
| 2015-04-01 to 2015-06-30 | 35,264 | USD | 91 |
| 2015-01-01 to 2015-06-30 | 213,597 | USD | 181 |
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 |
|---|---|---|---|
| 2016-04-01 to 2016-06-30 | 686,931 | USD | 91 |
| 2016-01-01 to 2016-06-30 | 1,289,908 | USD | 182 |
| 2015-04-01 to 2015-06-30 | 392,548 | USD | 91 |
| 2015-01-01 to 2015-06-30 | 1,023,370 | USD | 181 |
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 |
|---|---|---|---|
| 2016-04-01 to 2016-06-30 | 1,669,043 | USD | 91 |
| 2016-01-01 to 2016-06-30 | 2,943,756 | USD | 182 |
| 2015-04-01 to 2015-06-30 | 732,491 | USD | 91 |
| 2015-01-01 to 2015-06-30 | 1,247,198 | USD | 181 |
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 2016-06-30 | 16,155,529 | shares | |
| At 2015-12-31 | 16,087,951 | 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 2016-06-30 | 74,307,065 | USD | |
| At 2015-12-31 | 73,665,601 | 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 2016-06-30 | 1,468,396 | USD | |
| At 2015-12-31 | 1,283,340 | 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 2016-06-30 | 520,403 | USD | |
| At 2015-12-31 | 515,697 | 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 2016-06-30 | 915,062 | USD | |
| At 2015-12-31 | 734,497 | 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 2016-06-30 | 869,000 | USD | |
| At 2015-12-31 | 608,950 | 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 |
|---|---|---|---|
| 2016-04-01 to 2016-06-30 | -4,103,490 | USD | 91 |
| 2016-01-01 to 2016-06-30 | -7,879,229 | USD | 182 |
| 2015-04-01 to 2015-06-30 | -2,402,327 | USD | 91 |
| 2015-01-01 to 2015-06-30 | -7,493,179 | USD | 181 |
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 |
|---|---|---|---|
| 2016-04-01 to 2016-06-30 | -4,503,205 | USD | 91 |
| 2016-01-01 to 2016-06-30 | -8,672,769 | USD | 182 |
| 2015-04-01 to 2015-06-30 | -2,778,872 | USD | 91 |
| 2015-01-01 to 2015-06-30 | -8,228,662 | USD | 181 |
General and administrative expense
General and administrative costs reported under this concept, separate from selling expense. Filers group overhead differently, so compare presentation before comparing companies.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2016-04-01 to 2016-06-30 | 1,199,427 | USD | 91 |
| 2016-01-01 to 2016-06-30 | 2,085,744 | USD | 182 |
| 2015-04-01 to 2015-06-30 | 1,023,244 | USD | 91 |
| 2015-01-01 to 2015-06-30 | 3,958,149 | USD | 181 |
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 |
|---|---|---|---|
| 2016-04-01 to 2016-06-30 | -273,733 | USD | 91 |
| 2016-01-01 to 2016-06-30 | -353,618 | USD | 182 |
| 2015-04-01 to 2015-06-30 | -258,046 | USD | 91 |
| 2015-01-01 to 2015-06-30 | -1,660,433 | USD | 181 |
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 2016-06-30 | -223,811 | USD | 182 |
| 2015-01-01 to 2015-06-30 | -299,153 | USD | 181 |
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 2016-06-30 | 121,856 | USD | 182 |
| 2015-01-01 to 2015-06-30 | 174,889 | USD | 181 |
Change in accounts payable
The cash flow adjustment for the change in payables during the period. A positive value under this concept means payables grew and added to operating cash flow.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2016-01-01 to 2016-06-30 | 149,734 | USD | 182 |
| 2015-01-01 to 2015-06-30 | -1,495,169 | USD | 181 |
Inspect the source
- Entity
- Vuzix Corp / CIK 0001463972
- Captured
- 2026-09-20T09:06:31.143Z
- SEC response SHA-256
84bd53712d06b6854630ce7abb06b64671ab2f443d3051cab49b766e7ef3fe72
Current SEC company facts · Download the original response snapshot (gzip) · Download the selected JSON
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