Vuzix Corp: 10-Q filed 2020-08-10

Name: Vuzix Corp: 10-Q filed 2020-08-10
Creator: Vuzix Corp

What Vuzix Corp reported in its quarterly report filed 2020-08-10 (fiscal Q2 2020): 38 published measures, 106 facts as tagged in accession 0001558370-20-010180.

This filing

Form: 10-Q (quarterly report)
Filed: 2020-08-10
Fiscal period: fiscal Q2 2020
Accession: 0001558370-20-010180 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 2020-06-30	31,102,080	USD
At 2019-12-31	28,446,465	USD

Total liabilities

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

Period	Value	Unit	Days
At 2020-06-30	4,967,927	USD
At 2019-12-31	4,206,022	USD

Stockholders equity

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

Period	Value	Unit
At 2020-06-30	26,134,153	USD
At 2020-03-31	19,088,784	USD
At 2019-12-31	24,240,443	USD
At 2019-06-30	19,790,425	USD
At 2019-03-31	24,510,900	USD
At 2018-12-31	30,456,975	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 2020-06-30	13,229,182	USD
At 2019-12-31	10,606,091	USD
At 2019-06-30	3,359,730	USD
At 2018-12-31	17,263,643	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
2020-04-01 to 2020-06-30	-4,238,666	USD	91
2020-01-01 to 2020-06-30	-9,600,290	USD	182
2019-01-01 to 2019-12-31	-26,476,370	USD	365
2019-04-01 to 2019-06-30	-5,055,934	USD	91
2019-01-01 to 2019-06-30	-11,415,695	USD	181
2018-01-01 to 2018-12-31	-21,875,713	USD	365

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
2020-01-01 to 2020-06-30	-8,871,081	USD	182
2019-01-01 to 2019-06-30	-11,683,121	USD	181

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
2020-01-01 to 2020-06-30	253,174	USD	182
2019-01-01 to 2019-06-30	1,286,811	USD	181

Revenue

Revenue under this specific accounting concept. A missing value is not zero; filers can use other revenue concepts.

Period	Value	Unit	Days
2020-04-01 to 2020-06-30	3,036,843	USD	91
2020-01-01 to 2020-06-30	4,568,559	USD	182
2019-04-01 to 2019-06-30	2,185,861	USD	91
2019-01-01 to 2019-06-30	3,559,232	USD	181

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
2020-01-01 to 2020-06-30	12,138,209	USD	182

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
2020-01-01 to 2020-06-30	-644,037	USD	182
2019-01-01 to 2019-06-30	-2,220,792	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 2020-06-30	-154,343,101	USD
At 2019-12-31	-144,742,811	USD

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 2020-06-30	3,501,971	USD
At 2019-12-31	4,327,676	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
2020-04-01 to 2020-06-30	639,358	USD	91
2020-01-01 to 2020-06-30	941,933	USD	182
2019-04-01 to 2019-06-30	382,000	USD	91
2019-01-01 to 2019-06-30	872,250	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
2020-04-01 to 2020-06-30	-4,237,874	USD	91
2020-01-01 to 2020-06-30	-9,577,117	USD	182
2019-04-01 to 2019-06-30	-5,069,394	USD	91
2019-01-01 to 2019-06-30	-11,419,060	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 2020-06-30	22,923,268	USD
At 2019-12-31	19,073,508	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 2020-06-30	2,814,108	USD
At 2019-12-31	2,634,657	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 2020-06-30	832,584	USD
At 2019-12-31	1,062,785	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 2020-06-30	1,021,069	USD
At 2019-12-31	1,371,913	USD

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
2020-04-01 to 2020-06-30	5,033,794	USD	91
2020-01-01 to 2020-06-30	10,453,554	USD	182
2019-04-01 to 2019-06-30	5,221,433	USD	91
2019-01-01 to 2019-06-30	11,610,988	USD	181

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 2020-06-30	6,256,333	USD
At 2019-12-31	5,707,867	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
2020-04-01 to 2020-06-30	795,920	USD	91
2020-01-01 to 2020-06-30	876,437	USD	182
2019-04-01 to 2019-06-30	152,039	USD	91
2019-01-01 to 2019-06-30	191,928	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
2020-04-01 to 2020-06-30	2,240,923	USD	91
2020-01-01 to 2020-06-30	3,692,122	USD	182
2019-04-01 to 2019-06-30	2,033,822	USD	91
2019-01-01 to 2019-06-30	3,367,304	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
2020-04-01 to 2020-06-30	1,796,268	USD	91
2020-01-01 to 2020-06-30	3,819,326	USD	182
2019-04-01 to 2019-06-30	1,987,129	USD	91
2019-01-01 to 2019-06-30	4,503,228	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 2020-06-30	39,004,106	shares
At 2019-12-31	33,128,620	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 2020-06-30	180,438,200	USD
At 2019-12-31	168,950,076	USD

Operating lease right-of-use asset

Carrying amount of the right to use leased assets under operating leases. It reflects discounted remaining payments, not the value of the underlying property.

Period	Value	Unit	Days
At 2020-06-30	1,726,700	USD
At 2019-12-31	2,096,190	USD

Operating lease liability

Present value of remaining operating lease payments. Discount-rate choices and lease terms affect the amount; it is not the sum of undiscounted future rent.

Period	Value	Unit	Days
At 2020-06-30	1,726,700	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 2020-06-30	1,370,180	USD
At 2019-12-31	1,294,675	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 2020-06-30	550,000	USD
At 2019-12-31	350,000	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 2020-06-30	762,926	USD
At 2019-12-31	885,897	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 2020-06-30	902,540	USD
At 2019-12-31	895,098	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
2020-04-01 to 2020-06-30	-4,238,666	USD	91
2020-01-01 to 2020-06-30	-9,600,290	USD	182
2019-04-01 to 2019-06-30	-5,055,934	USD	91
2019-01-01 to 2019-06-30	-11,415,695	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
2020-04-01 to 2020-06-30	-4,745,981	USD	91
2020-01-01 to 2020-06-30	-10,607,443	USD	182
2019-04-01 to 2019-06-30	-5,533,841	USD	91
2019-01-01 to 2019-06-30	-12,359,367	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
2020-04-01 to 2020-06-30	1,799,958	USD	91
2020-01-01 to 2020-06-30	3,337,778	USD	182
2019-04-01 to 2019-06-30	1,803,590	USD	91
2019-01-01 to 2019-06-30	3,699,992	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
2020-04-01 to 2020-06-30	-792	USD	91
2020-01-01 to 2020-06-30	-23,173	USD	182
2019-04-01 to 2019-06-30	13,460	USD	91
2019-01-01 to 2019-06-30	3,365	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
2020-01-01 to 2020-06-30	120,965	USD	182
2019-01-01 to 2019-06-30	251,810	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
2020-01-01 to 2020-06-30	548,466	USD	182
2019-01-01 to 2019-06-30	1,146,421	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
2020-01-01 to 2020-06-30	-230,201	USD	182
2019-01-01 to 2019-06-30	-1,080,970	USD	181

Inspect the source

Entity: Vuzix Corp / CIK 0001463972
Captured: 2026-09-20T09:06:31.143Z
SEC response SHA-256: 84bd53712d06b6854630ce7abb06b64671ab2f443d3051cab49b766e7ef3fe72

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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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import json
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with urlopen("https://canlicapital.com/company-data/0001463972.json") as response:
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print(record["fetched_at"])
print(record["policy"])
for concept in record["concepts"]:
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