0001507957
false
0001507957
2023-08-10
2023-08-10
iso4217:USD
xbrli:shares
iso4217:USD
xbrli:shares
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of report (Date of earliest event reported):
August 10, 2023
IDEAL POWER INC.
(Exact name of registrant as specified in Charter)
Delaware |
|
001-36216 |
|
14-1999058 |
(State or other jurisdiction of
incorporation or organization) |
|
(Commission File No.) |
|
(IRS Employee Identification No.) |
5508 Highway 290 West, Suite 120
Austin, Texas, 78735
(Address of Principal Executive Offices)
512-264-1542
(Issuer Telephone number)
Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the Registrant under any of the following provisions (see General Instruction A.2 below).
¨ |
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
¨ |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR240.14a-12) |
¨ |
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)). |
¨ |
Pre-commencement communications pursuant to Rule 13e-(c) under the Exchange Act (17 CFR 240.13(e)-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
Title of each class |
|
Trading Symbol |
|
Name
of each exchange on which registered |
Common Stock |
|
IPWR |
|
Nasdaq Capital Market |
Indicate by check mark whether the registrant is an emerging growth
company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934
(17 CFR §240.12b-2).
Emerging growth
company ¨
If an
emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for
complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
ITEM 2.02 | RESULTS OF OPERATIONS AND FINANCIAL CONDITION |
On August 10, 2023, Ideal Power Inc.
(the “Company”) issued a press release announcing its financial results for its second quarter ended June 30, 2023. The
press release is included as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference in its entirety
into this Item 2.02. The press release contains forward-looking statements regarding the Company and includes cautionary statements identifying
important factors that could cause actual results to differ materially from those anticipated.
The Company will host a conference call with investors
to discuss the results. The conference call will begin at 10:00 a.m. Eastern time on Thursday, August 10, 2023. The call may
be accessed in the U.S. by dialing 1-888-506-0062 and asking to be joined to the Ideal Power Inc. call. A webcast and replay of the call
may be found at https://www.webcaster4.com/Webcast/Page/2987/48803.
The information furnished under this Item 2.02
of this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed to be “filed” for the purposes of
Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”), as amended, or otherwise subject to the liabilities
of that Section. The information in this Item 2.02, including Exhibit 99.1, shall not be deemed incorporated by reference into any
filing under the Securities Act of 1933, as amended, or the Exchange Act regardless of any general incorporation language in such filing.
Item 9.01 | Financial Statements and Exhibits |
(d) Exhibits.
SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this Current Report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: August 10, 2023 |
IDEAL POWER INC. |
|
|
|
|
|
|
|
By: |
/s/ Timothy Burns |
|
|
Timothy Burns |
|
|
Chief Financial Officer |
Exhibit 99.1
Ideal Power Reports
Second Quarter 2023 Financial Results
AUSTIN, TX –
August 10, 2023 -- Ideal Power Inc. (“Ideal Power,” the “Company,”
“we,” “us” or “our”) (Nasdaq: IPWR), pioneering the development and commercialization of the highly
efficient and broadly patented B-TRAN™ bidirectional semiconductor power switch, reported results for its second quarter ended
June 30, 2023.
“The second
quarter and 2023 thus far were transformative in our transition from a technology development company to a commercial company and included
some of the most significant accomplishments in the Company’s history. We achieved all of our first half of 2023 milestones and
we remain on track to achieve our remaining 2023 goals,” said Dan Brdar, President and Chief Executive Officer of Ideal Power.
Brdar continued,
“The B-TRAN™ full process flow engineering run by our wafer fabrication supplier with high-volume production capability demonstrated
the manufacturability of B-TRAN™ with high yield and excellent device performance, clearing the last and by far the biggest technical
risk for B-TRAN™ development and commercialization. This was a pivotal accomplishment and prerequisite for commercialization. In
addition, we delivered hundreds of devices to Diversified Technologies, Inc. (“DTI”) to complete our work under the
Naval Sea Systems Command (“NAVSEA”) program and completed B-TRAN™ shipments to the large companies in our test and
evaluation program, representing a significant step in commercializing B-TRAN™.”
Key Second Quarter
and Recent Operational Highlights
| · | Qualified
a wafer fabrication supplier with high-volume production capability. The engineering run
demonstrated the manufacturability of the B-TRAN™ with high yield and excellent device
performance, clearing the last and by far the biggest technical risk for B-TRAN™ development
and commercialization. |
| · | Completed
volume shipments of packaged B-TRAN™ devices to DTI, our NAVSEA program collaboration
partner. We have now fulfilled all our obligations under our subcontract with DTI for
this program. |
| · | Implemented
an innovation in how we drive and control B-TRAN™. Subsequent testing demonstrated
an additional 20% improvement in conduction losses, making B-TRAN™ conduction losses
five times better than bidirectional circuits utilizing two IGBTs and two diodes. This improvement
was incorporated into B-TRAN™ customer kits delivered to test and evaluation program
participants. |
| · | Completed
shipments to large companies in the B-TRAN™ Test and Evaluation program including a
top 10 global automaker, a global Tier 1 automotive supplier, a leading provider in the solar
industry, two Global 500 power management companies and a global provider of backup power
and energy management solutions with more kits to follow for additional and new program participants.
Initial feedback from program participants is overwhelmingly positive. |
| · | Added
a second Forbes 2022 Global 500 leader in diverse power management markets to the roster
of the B-TRAN™ test and evaluation program. This market leader will evaluate B-TRAN™
initially for use in solid-state circuit breakers in its smart infrastructure division. |
| · | Successfully
completed all Phase 1 deliverables for our custom B-TRAN™ module development
program with a top 10 global automaker. We’ve already agreed on the Phase II scope
of the work with the automaker’s engineering team and await approval of the purchase
order. The delivery of production-ready B-TRAN™ based modules for this program continues
to be targeted for 2025. |
| · | B-TRAN™
Patent Estate: Currently at 75 issued B-TRAN™ patents with 32 of those issued outside
of the United States and 35 pending B-TRAN™ patents. Current geographic coverage includes
North America, China, Japan, South Korea, India, and Europe. |
Second Quarter
2023 Financial Results
| · | Development
revenue in the second quarter of 2023 was $98,443. |
| · | Grant
revenue was $36,724 in the second quarter of 2023 compared to $50,978 in the second quarter
of 2022. |
| · | Operating
expenses in the second quarter of 2023 were $2.4 million compared to $1.7 million in the
second quarter of 2022. |
| · | Net
loss in the second quarter of 2023 was $2.3 million compared to $1.7 million in the second
quarter of 2022. |
| · | Cash
used in operating and investing activities in the second quarter of 2023 was $1.8 million
compared to $1.7 million in the second quarter of 2022. |
| · | Cash
used in operating and investing activities in the first half of 2023 was $3.7 million. |
| · | Cash
and cash equivalents totaled $12.7 million at June 30, 2023. |
| · | Ideal
Power had no long-term debt outstanding at June 30, 2023. |
2023 Milestones
The Company is
actively engaged with multiple customers in each of its key target markets. Ideal Power completed all of its first half of 2023 milestones
and is on track to achieve its remaining 2023 milestones. Our 2023 milestones and their status are:
| · | Launched
first commercial product in January 2023, the SymCool™ Power Module, a B-TRAN™
multi-die module. First commercial sales later in 2023. |
| · | Completed
Phase I of multi-year development program with top 10 global automaker in the second quarter
of 2023. |
| · | Completed
first engineering run with production fab in the second quarter of 2023. |
| · | Delivered
packaged B-TRAN™s to DTI under the NAVSEA program in the first half of 2023. |
| · | Commenced
customer shipments to B-TRAN™ test and evaluation participants in the second quarter
of 2023. |
| · | Introduce
second commercial product, an intelligent power module, in the third quarter of 2023. |
Conference Call
and Webcast: Q2 2023 Results
Ideal Power President and CEO Dan Brdar
and CFO Tim Burns will host a conference call today, followed by a question-and-answer period.
To access the call, please use the following
information:
Date: |
Thursday, August 10, 2023 |
Time: |
10:00
AM ET |
Toll-free dial-in number: |
888-506-0062 |
International dial-in number: |
973-528-0011 |
Participant Access Code: |
741279 |
Please call the conference telephone
number 5-10 minutes prior to the start time to ensure a proper connection. An operator will register your name and organization.
The conference call will be webcast
live and available for replay on the Company’s investor relations website under the Events tab HERE.
An audio replay of the conference call
will be available one hour after the live call until Midnight on August 24, 2023.
Toll Free Replay Number: |
877-481-4010 |
International Replay Number: |
919-882-2331 |
Replay ID: |
48803 |
About Ideal
Power Inc.
Ideal Power (NASDAQ:
IPWR) is pioneering the development and commercialization of its broadly patented bidirectional semiconductor power switch, creating
highly efficient and ecofriendly energy control solutions for electric vehicle, electric vehicle charging, renewable energy, energy storage,
UPS/data center, solid-state circuit breaker and other industrial and military applications. The Company is focused on its patented Bidirectional,
Bipolar Junction Transistor (B-TRAN™) semiconductor technology. B-TRAN™ is a unique double-sided bidirectional AC switch
that delivers substantial performance improvements over today's conventional power semiconductors. Ideal Power’s B-TRAN™
can reduce conduction and switching losses, complexity of thermal management and operating cost in AC power switching and control circuitry.
For more information, visit the Company’s website at www.IdealPower.com, on LinkedIn, on Twitter, and on Facebook.
Safe Harbor
Statement
All statements
in this release that are not based on historical fact are "forward-looking statements" within the meaning of the Private Securities
Litigation Reform Act of 1995 and the provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E
of the Securities Exchange Act of 1934, as amended. While Ideal Power’s management has based any forward-looking statements included
in this release on its current expectations, the information on which such expectations were based may change. Such forward-looking statements
include, but are not limited to, statements regarding the Company being on track to achieve its remaining 2023 milestones and our plans
to introduce our second commercial product in the third quarter of 2023. These forward-looking statements rely on a number of assumptions
concerning future events and are subject to a number of risks, uncertainties and other factors, many of which are outside of our control
that could cause actual results to materially differ from such statements. Such risks, uncertainties, and other factors include, but
are not limited to, the success of our B-TRAN™ technology, including whether the patents for our technology provide adequate protection
and whether we can be successful in maintaining, enforcing and defending our patents, our inability to predict with precision or certainty
the pace and timing of development and commercialization of our B-TRAN™ technology, including the timing of the completion of our
wafer fabrication runs with our semiconductor fabrications partners, the rate and degree of market acceptance for our B-TRAN™,
the impact of global health pandemics on our business, supply chain disruptions, and the expected performance of future products incorporating
our B-TRAN™, and uncertainties set forth in our quarterly, annual and other reports filed with the Securities and Exchange Commission.
Furthermore, we operate in a highly competitive and rapidly changing environment where new and unanticipated risks may arise. Accordingly,
investors should not place any reliance on forward-looking statements as a prediction of actual results. We disclaim any intention to,
and undertake no obligation to, update or revise forward-looking statements, except as required by applicable law.
Ideal Power Investor Relations Contact
Jeff Christensen
Darrow Associates Investor Relations
jchristensen@darrowir.com
703-297-6917
IDEAL POWER INC.
Balance Sheets
(unaudited)
| |
June 30, | | |
December 31, | |
| |
2023 | | |
2022 | |
ASSETS | |
| | |
| |
Current assets: | |
| | | |
| | |
Cash and cash equivalents | |
$ | 12,683,268 | | |
$ | 16,345,623 | |
Accounts receivable, net | |
| 203,324 | | |
| 65,936 | |
Prepayments and other current assets | |
| 540,430 | | |
| 491,365 | |
Total current assets | |
| 13,427,022 | | |
| 16,902,924 | |
Property and equipment, net | |
| 281,109 | | |
| 200,103 | |
Intangible assets, net | |
| 2,539,422 | | |
| 2,036,431 | |
Right of use asset | |
| 218,130 | | |
| 248,720 | |
Other assets | |
| 11,189 | | |
| 11,189 | |
Total assets | |
$ | 16,476,872 | | |
$ | 19,399,367 | |
LIABILITIES AND STOCKHOLDERS’ EQUITY | |
| | | |
| | |
Current liabilities: | |
| | | |
| | |
Accounts payable | |
$ | 112,010 | | |
$ | 130,503 | |
Accrued expenses | |
| 614,642 | | |
| 254,218 | |
Current portion of lease liability | |
| 67,595 | | |
| 64,597 | |
Total current liabilities | |
| 794,247 | | |
| 449,318 | |
| |
| | | |
| | |
Long-term lease liability | |
| 168,600 | | |
| 202,987 | |
Other long-term liabilities | |
| 1,180,005 | | |
| 838,458 | |
Total liabilities | |
| 2,142,852 | | |
| 1,490,763 | |
| |
| | | |
| | |
Commitments and contingencies | |
| | | |
| | |
| |
| | | |
| | |
Stockholders’ equity: | |
| | | |
| | |
Common stock, $0.001 par value; 50,000,000 shares authorized; 5,939,779 shares issued and 5,938,458
shares outstanding at June 30, 2023 and 5,926,001 shares issued and 5,924,680 shares outstanding at December 31, 2022 | |
| 5,940 | | |
| 5,926 | |
Additional paid-in capital | |
| 106,244,511 | | |
| 105,011,318 | |
Treasury stock, at cost, 1,321 shares at June 30, 2023 and December 31, 2022 | |
| (13,210 | ) | |
| (13,210 | ) |
Accumulated deficit | |
| (91,903,221 | ) | |
| (87,095,430 | ) |
Total stockholders’ equity | |
| 14,334,020 | | |
| 17,908,604 | |
Total liabilities and stockholders’ equity | |
$ | 16,476,872 | | |
$ | 19,399,367 | |
IDEAL POWER INC.
Statements of Operations
(unaudited)
| |
Three Months Ended | | |
Six Months Ended | |
| |
June 30, | | |
June 30, | |
| |
2023 | | |
2022 | | |
2023 | | |
2022 | |
Development revenue | |
$ | 98,443 | | |
$ | — | | |
$ | 98,443 | | |
$ | — | |
Grant revenue | |
| 36,724 | | |
| 50,978 | | |
| 37,388 | | |
| 175,986 | |
Total revenue | |
| 135,167 | | |
| 50,978 | | |
| 135,831 | | |
| 175,986 | |
Cost of development revenue | |
| 74,013 | | |
| — | | |
| 74,013 | | |
| — | |
Cost of grant revenue | |
| 36,724 | | |
| 50,978 | | |
| 37,388 | | |
| 175,986 | |
Total cost of revenue | |
| 110,737 | | |
| 50,978 | | |
| 111,401 | | |
| 175,986 | |
| |
| | | |
| | | |
| | | |
| | |
Gross profit | |
| 24,430 | | |
| — | | |
| 24,430 | | |
| — | |
| |
| | | |
| | | |
| | | |
| | |
Operating expenses: | |
| | | |
| | | |
| | | |
| | |
Research and development | |
| 1,206,688 | | |
| 728,383 | | |
| 2,646,716 | | |
| 1,556,930 | |
General and administrative | |
| 933,993 | | |
| 734,637 | | |
| 1,828,926 | | |
| 1,587,586 | |
Sales and marketing | |
| 271,900 | | |
| 233,152 | | |
| 576,226 | | |
| 452,581 | |
Total operating expenses | |
| 2,412,581 | | |
| 1,696,172 | | |
| 5,051,868 | | |
| 3,597,097 | |
| |
| | | |
| | | |
| | | |
| | |
Loss from operations | |
| (2,388,151 | ) | |
| (1,696,172 | ) | |
| (5,027,438 | ) | |
| (3,597,097 | ) |
| |
| | | |
| | | |
| | | |
| | |
Interest income, net | |
| 108,345 | | |
| 6,178 | | |
| 219,647 | | |
| 2,462 | |
| |
| | | |
| | | |
| | | |
| | |
Net loss | |
$ | (2,279,806 | ) | |
$ | (1,689,994 | ) | |
$ | (4,807,791 | ) | |
$ | (3,594,635 | ) |
| |
| | | |
| | | |
| | | |
| | |
Net loss per share – basic and diluted | |
$ | (0.37 | ) | |
$ | (0.27 | ) | |
$ | (0.78 | ) | |
$ | (0.58 | ) |
| |
| | | |
| | | |
| | | |
| | |
Weighted average number of shares outstanding – basic and diluted | |
| 6,185,397 | | |
| 6,157,625 | | |
| 6,181,972 | | |
| 6,156,495 | |
IDEAL POWER INC.
Statements of Cash Flows
(unaudited)
| |
Six Months Ended | |
| |
June 30, | |
| |
2023 | | |
2022 | |
Cash flows from operating activities: | |
| | | |
| | |
Net loss | |
$ | (4,807,791 | ) | |
$ | (3,594,635 | ) |
Adjustments to reconcile net loss to net cash used in operating activities: | |
| | | |
| | |
Depreciation and amortization | |
| 121,423 | | |
| 89,051 | |
Stock-based compensation | |
| 1,233,207 | | |
| 462,238 | |
Stock issued for services | |
| — | | |
| 100,100 | |
Decrease (increase) in operating assets: | |
| | | |
| | |
Accounts receivable | |
| (137,388 | ) | |
| 86,100 | |
Prepaid expenses and other assets | |
| (18,475 | ) | |
| (189,265 | ) |
Increase (decrease) in operating liabilities: | |
| | | |
| | |
Accounts payable | |
| (18,493 | ) | |
| (112,736 | ) |
Accrued expenses and other liabilities | |
| 219,025 | | |
| 77,630 | |
Net cash used in operating activities | |
| (3,408,492 | ) | |
| (3,081,517 | ) |
| |
| | | |
| | |
Cash flows from investing activities: | |
| | | |
| | |
Purchase of property and equipment | |
| (114,025 | ) | |
| (12,248 | ) |
Acquisition of intangible assets | |
| (139,838 | ) | |
| (55,672 | ) |
Net cash used in investing activities | |
| (253,863 | ) | |
| (67,920 | ) |
| |
| | | |
| | |
Net decrease in cash and cash equivalents | |
| (3,662,355 | ) | |
| (3,149,437 | ) |
Cash and cash equivalents at beginning of period | |
| 16,345,623 | | |
| 23,170,149 | |
Cash and cash equivalents at end of period | |
$ | 12,683,268 | | |
$ | 20,020,712 | |
v3.23.2
X |
- DefinitionBoolean flag that is true when the XBRL content amends previously-filed or accepted submission.
+ References
+ Details
Name: |
dei_AmendmentFlag |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionFor the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.
+ References
+ Details
Name: |
dei_DocumentPeriodEndDate |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:dateItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.
+ References
+ Details
Name: |
dei_DocumentType |
Namespace Prefix: |
dei_ |
Data Type: |
dei:submissionTypeItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionAddress Line 1 such as Attn, Building Name, Street Name
+ References
+ Details
Name: |
dei_EntityAddressAddressLine1 |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:normalizedStringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionAddress Line 2 such as Street or Suite number
+ References
+ Details
Name: |
dei_EntityAddressAddressLine2 |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:normalizedStringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
dei_EntityAddressCityOrTown |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:normalizedStringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionCode for the postal or zip code
+ References
+ Details
Name: |
dei_EntityAddressPostalZipCode |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:normalizedStringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionName of the state or province.
+ References
+ Details
Name: |
dei_EntityAddressStateOrProvince |
Namespace Prefix: |
dei_ |
Data Type: |
dei:stateOrProvinceItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionA unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection b-2
+ Details
Name: |
dei_EntityCentralIndexKey |
Namespace Prefix: |
dei_ |
Data Type: |
dei:centralIndexKeyItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionIndicate if registrant meets the emerging growth company criteria.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection b-2
+ Details
Name: |
dei_EntityEmergingGrowthCompany |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionCommission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.
+ References
+ Details
Name: |
dei_EntityFileNumber |
Namespace Prefix: |
dei_ |
Data Type: |
dei:fileNumberItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionTwo-character EDGAR code representing the state or country of incorporation.
+ References
+ Details
Name: |
dei_EntityIncorporationStateCountryCode |
Namespace Prefix: |
dei_ |
Data Type: |
dei:edgarStateCountryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection b-2
+ Details
Name: |
dei_EntityRegistrantName |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:normalizedStringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection b-2
+ Details
Name: |
dei_EntityTaxIdentificationNumber |
Namespace Prefix: |
dei_ |
Data Type: |
dei:employerIdItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionLocal phone number for entity.
+ References
+ Details
Name: |
dei_LocalPhoneNumber |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:normalizedStringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionBoolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 13e -Subsection 4c
+ Details
Name: |
dei_PreCommencementIssuerTenderOffer |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionBoolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 14d -Subsection 2b
+ Details
Name: |
dei_PreCommencementTenderOffer |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionTitle of a 12(b) registered security.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection b
+ Details
Name: |
dei_Security12bTitle |
Namespace Prefix: |
dei_ |
Data Type: |
dei:securityTitleItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionName of the Exchange on which a security is registered.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection d1-1
+ Details
Name: |
dei_SecurityExchangeName |
Namespace Prefix: |
dei_ |
Data Type: |
dei:edgarExchangeCodeItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionBoolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Section 14a -Number 240 -Subsection 12
+ Details
Name: |
dei_SolicitingMaterial |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionTrading symbol of an instrument as listed on an exchange.
+ References
+ Details
Name: |
dei_TradingSymbol |
Namespace Prefix: |
dei_ |
Data Type: |
dei:tradingSymbolItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionBoolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Securities Act -Number 230 -Section 425
+ Details
Name: |
dei_WrittenCommunications |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
Ideal Power (NASDAQ:IPWR)
Historical Stock Chart
From May 2024 to Jun 2024
Ideal Power (NASDAQ:IPWR)
Historical Stock Chart
From Jun 2023 to Jun 2024