Document_And_Entity_Informatio
Document And Entity Information (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Mar. 13, 2014 | Jun. 30, 2013 | |
Document and Entity Information [Abstract] | ' | ' | ' |
Entity Registrant Name | 'iGo, Inc. | ' | ' |
Document Type | '10-K | ' | ' |
Current Fiscal Year End Date | '--12-31 | ' | ' |
Entity Common Stock, Shares Outstanding | ' | 2,944,707 | ' |
Entity Public Float | ' | ' | $8,000,000 |
Amendment Flag | 'false | ' | ' |
Entity Central Index Key | '0001075656 | ' | ' |
Entity Current Reporting Status | 'Yes | ' | ' |
Entity Voluntary Filers | 'No | ' | ' |
Entity Filer Category | 'Smaller Reporting Company | ' | ' |
Entity Well-known Seasoned Issuer | 'No | ' | ' |
Document Period End Date | 31-Dec-13 | ' | ' |
Document Fiscal Year Focus | '2013 | ' | ' |
Document Fiscal Period Focus | 'FY | ' | ' |
Consolidated_Balance_Sheets
Consolidated Balance Sheets (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | ||
Current assets: | ' | ' | ||
Cash and cash equivalents | $6,854,000 | $8,229,000 | ||
Short-term investments | 2,142,000 | [1] | 2,129,000 | [1] |
Accounts receivable, net | 1,065,000 | 4,131,000 | ||
Inventories | 1,407,000 | 8,376,000 | ||
Prepaid expenses and other current assets | 201,000 | 336,000 | ||
Total current assets | 11,669,000 | 23,201,000 | ||
Property and equipment, net | 133,000 | 445,000 | ||
Intangible assets, net | 149,000 | 1,001,000 | ||
Long-term investments | 0 | 60,000 | [1] | |
Other assets | 152,000 | 158,000 | ||
Total assets | 12,103,000 | 24,865,000 | ||
Liabilities: | ' | ' | ||
Accounts payable (Includes $333 related party payable at December 31, 2013. See footnote 15) | 2,139,000 | 2,698,000 | ||
Accrued expenses and other current liabilities | 562,000 | 796,000 | ||
Deferred revenue | ' | 307,000 | ||
Total liabilities | 2,701,000 | 3,801,000 | ||
Stockholders' Equity: | ' | ' | ||
Common stock, $ .01 par value; authorized 90,000,000 shares; 2,944,707 and 2,896,925 shares issued and outstanding at December 31, 2013 and December 31, 2012, respectively | 29,000 | 29,000 | ||
Additional paid-in capital | 175,939,000 | 175,177,000 | ||
Accumulated deficit | -166,500,000 | -153,934,000 | ||
Accumulated other comprehensive loss | -66,000 | -208,000 | ||
Total equity | 9,402,000 | 21,064,000 | ||
Total liabilities and stockholders' equity | $12,103,000 | $24,865,000 | ||
[1] | Recurring fair value measurement |
Consolidated_Balance_Sheets_Pa
Consolidated Balance Sheets (Parentheticals) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, except Share data, unless otherwise specified | ||
Accounts payable, related party (in Dollars) | $333,000 | ' |
Common stock, par value (in Dollars per share) | $0.01 | $0.01 |
Common stock, shares authorized | 90,000,000 | 90,000,000 |
Common stock, shares issued | 2,944,707 | 2,896,925 |
Common stock, shares outstanding | 2,944,707 | 2,896,925 |
Consolidated_Statements_of_Com
Consolidated Statements of Comprehensive Loss (USD $) | 12 Months Ended | |
In Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Revenue | $16,928 | $29,876 |
Cost of revenue | 17,440 | 24,593 |
Gross profit (loss) | -512 | 5,283 |
Operating expenses: | ' | ' |
Sales and marketing | 2,818 | 5,233 |
Research and development | 1,172 | 2,218 |
General and administrative | 7,641 | 7,046 |
Asset impairment | 456 | 1,443 |
Total operating expenses | 12,087 | 15,940 |
Loss from operations | -12,599 | -10,657 |
Other income (expense), net: | ' | ' |
Interest income, net | 5 | 12 |
Other-than-temporary impairment of long-term investments | -60 | -1,161 |
Gain on disposal of assets and other income (expense), net | 88 | -218 |
Net loss | -12,566 | -12,024 |
Net loss attributable to iGo, Inc. per share: | ' | ' |
Basic (in Dollars per share) | ($4.30) | ($4.22) |
Diluted (in Dollars per share) | ($4.30) | ($4.22) |
Weighted average common shares outstanding: | ' | ' |
Basic (in Shares) | 2,921 | 2,852 |
Diluted (in Shares) | 2,921 | 2,852 |
Other comprehensive income (loss): | ' | ' |
Reclassification adjustment for losses included in net income | ' | 1,166 |
Unrealized gain (loss) on available for sale of investments | 13 | -343 |
Foreign currency translation adjustments | 129 | -18 |
Total comprehensive loss | ($12,424) | ($11,219) |
Consolidated_Statements_of_Sto
Consolidated Statements of Stockholders' Equity (USD $) | Common Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | Accumulated Other Comprehensive Income (Loss) [Member] | Total |
In Thousands, except Share data | |||||
Balances at Dec. 31, 2011 | $28 | $173,762 | ($141,910) | ($1,013) | $30,867 |
Balances (in Shares) at Dec. 31, 2011 | 2,811,801 | ' | ' | ' | ' |
Issuance of stock awards | 1 | -183 | ' | ' | -182 |
Issuance of stock awards (in Shares) | 85,124 | ' | ' | ' | ' |
Amortization of deferred compensation | ' | 1,598 | ' | ' | 1,598 |
Other comprehensive income | ' | ' | ' | 805 | 805 |
Net loss | ' | ' | -12,024 | ' | -12,024 |
Balances at Dec. 31, 2012 | 29 | 175,177 | -153,934 | -208 | 21,064 |
Balances (in Shares) at Dec. 31, 2012 | 2,896,925 | ' | ' | ' | ' |
Issuance of stock awards | ' | -327 | ' | ' | -327 |
Issuance of stock awards (in Shares) | 47,782 | ' | ' | ' | ' |
Amortization of deferred compensation | ' | 1,089 | ' | ' | 1,089 |
Other comprehensive income | ' | ' | ' | 142 | 142 |
Net loss | ' | ' | -12,566 | ' | -12,566 |
Balances at Dec. 31, 2013 | $29 | $175,939 | ($166,500) | ($66) | $9,402 |
Balances (in Shares) at Dec. 31, 2013 | 2,944,707 | ' | ' | ' | ' |
Consolidated_Statements_of_Cas
Consolidated Statements of Cash Flows (USD $) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
Cash flows from operating activities: | ' | ' |
Net loss | ($12,566,000) | ($12,024,000) |
Adjustments to reconcile net loss to net cash used in operating activities: | ' | ' |
Provision for doubtful accounts and sales returns and credits | 894,000 | 1,367,000 |
Depreciation and amortization | 793,000 | 1,674,000 |
Amortization of deferred compensation | 758,000 | 1,598,000 |
Other-than-temporary impairment charges | 60,000 | 1,166,000 |
Loss on disposal of assets | 24,000 | ' |
Impairment of goodwill | ' | 285,000 |
Impairment of intangible assets | 456,000 | 1,158,000 |
Changes in operating assets and liabilities, net of acquisitions: | ' | ' |
Accounts receivable | 2,172,000 | 316,000 |
Inventories | 6,968,000 | 2,801,000 |
Prepaid expenses and other assets | 142,000 | 204,000 |
Accounts payable | -559,000 | -1,452,000 |
Accrued expenses and other current liabilities | -537,000 | -1,340,000 |
Net cash used in operating activities | -1,395,000 | -4,247,000 |
Cash flows from investing activities: | ' | ' |
Purchase of property and equipment | ' | -279,000 |
Purchase of intangibles | -108,000 | -296,000 |
Sale of short-term investments | ' | 2,779,000 |
Net cash provided by (used in) investing activities | -108,000 | 2,204,000 |
Effects of exchange rate changes on cash and cash equivalents | 128,000 | -18,000 |
Net decrease in cash and cash equivalents | -1,375,000 | -2,061,000 |
Cash and cash equivalents, beginning of period | 8,229,000 | 10,290,000 |
Cash and cash equivalents, end of period | 6,854,000 | 8,229,000 |
Issuance of restricted stock units for deferred compensation to employees and board members during 2012 | ' | $114,000 |
Note_1_Nature_of_Business
Note 1 - Nature of Business | 12 Months Ended |
Dec. 31, 2013 | |
Disclosure Text Block [Abstract] | ' |
Nature of Operations [Text Block] | ' |
(1) Nature of Business | |
iGo, Inc. and subsidiaries (collectively, "iGo" or the "Company") was formed on May 4, 1995. iGo was originally formed as a limited liability corporation; however, in August 1996 the Company became a corporation incorporated in the State of Delaware. | |
iGo designs, develops, manufactures and distributes power products for mobile electronic devices, such as chargers for mobile electronic devices and surge protectors that incorporate the Company’s iGo Green technology; protection products for mobile electronic devices, such as skins, cases and screen protectors; audio products for mobile electronic devices such as ear-buds, headphones and speakers; and other mobile electronic accessory products. iGo distributes products in North America, Europe and Asia Pacific. | |
Effective January 28, 2013, the Company amended its Certificate of Incorporation to effect a reverse stock split of common stock at a ratio of 1-for-12. Accordingly, common stock and per share information have been retroactively restated in these financial statements to reflect the reverse-stock split. | |
On December 23, 2013, the Company and Licensee entered into the License Agreement, pursuant to which Licensee will manage the manufacture, sales and distribution of the Company’s iGO® branded line of power supply and other future products that may be developed by the Company and Licensee (the “ Licensed Products”). |
Note_2_Summary_of_Significant_
Note 2 - Summary of Significant Accounting Policies | 12 Months Ended |
Dec. 31, 2013 | |
Accounting Policies [Abstract] | ' |
Significant Accounting Policies [Text Block] | ' |
(2) Summary of Significant Accounting Policies | |
(a) Use of Estimates | |
The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make a number of estimates and judgments that affect the reported amounts of assets, liabilities, revenues and expenses, and related disclosure of contingent assets and liabilities. On an on-going basis, the Company evaluates its estimates, including those related to bad debt expense, sales returns and price protection, inventories, warranty obligations, and contingencies and litigation. The Company bases its estimates on historical experience and on various other assumptions that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates under different assumptions or conditions. | |
The Company believes its critical accounting policies, consisting of revenue recognition, inventory valuation, deferred tax asset valuation, and goodwill and long-lived asset valuation affect its more significant judgments and estimates used in the preparation of its consolidated financial statements. These policies are discussed below. | |
(b) Principles of Consolidation | |
The consolidated financial statements include the accounts of iGo, Inc. and its wholly-owned subsidiaries, Mobility California, Inc., Mobility Idaho, Inc., iGo EMEA Limited, Mobility Texas, Inc., iGo Direct Corporation, Adapt Mobile Limited (“Adapt”), and Aerial7 Industries, Inc. (“Aerial7”). All significant intercompany balances and transactions have been eliminated in the accompanying consolidated financial statements. Certain reclassifications have been made to prior year amounts to conform to the current year presentation. | |
(c) Revenue Recognition | |
The Company recognizes net revenue when the earnings process is complete, as evidenced by an agreement with the customer, transfer of title and acceptance, if applicable, as well as fixed pricing and probable collectability. Revenue from product sales is recognized upon shipment and transfer of ownership from the Company or contract manufacturer to the customer, unless the customer has full right of return, in which case revenue is deferred until either the product has sold through to the end user or a reasonable estimate of returns can be made. Allowances for sales returns and credits are provided for in the same period the related sales are recorded. Should the actual return or sales credit rates differ from the Company's estimates, revisions to the estimated allowance for sales returns and credits may be required. | |
Shipping and handling costs are included in cost of revenues. We do not bill customers for freight. | |
(d) Advertising costs | |
The Company expenses advertising costs as incurred. Advertising costs for the years ended December 31, 2013 and 2012 were $28,431 and $123,016 respectively. | |
(e) Cash and Cash Equivalents | |
All short-term investments purchased with an original maturity of three months or less are considered to be cash equivalents. Cash and cash equivalents include cash on hand and amounts on deposit with financial institutions. | |
(f) Investments | |
Short-term investments that have an original maturity between three months and one year and a remaining maturity of less than one year are classified as available-for-sale. Available-for-sale securities are recorded at fair value and are classified as current assets due to the Company’s intent and practice to hold these readily marketable investments for less than one year. Any unrealized holding gains and losses related to available-for-sale securities are recorded, net of tax, as a separate component of accumulated other comprehensive loss. When a decline in fair value is determined to be other than temporary, unrealized losses on available-for-sale securities are charged against net earnings. Realized gains and losses are accounted for on the specific identification method. | |
(g) Accounts Receivable | |
Accounts receivable consist of trade receivables from customers. The Company maintains allowances for doubtful accounts for estimated losses resulting from the inability of the Company's customers to make required payments. The allowance is assessed on a regular basis by management and is based upon management's periodic review of the collectability of the receivables with respect to historical experience. If the financial condition of the Company's customers were to deteriorate, resulting in an impairment of their ability to make payments, additional allowances may be required. The Company also maintains an allowance for sales returns and credits in the amount of the difference between the sales price and the cost of revenue based on management’s periodic review and estimate of returns. Should the actual return or sales credit rates differ from the Company's estimates, revisions to the estimated allowance for sales returns and credits may be required. | |
(h) Inventories | |
Inventories consist of finished goods and component parts purchased partially and fully assembled for computer accessory items. The Company has all normal risks and rewards of its inventory held by contract manufacturers and outsourced product fulfillment hubs. Inventories are stated at the lower of cost (first-in, first-out method) or market. Inventories include material, labor and overhead costs. Overhead costs are allocated to inventory based on a percentage of material costs. The Company monitors usage reports to determine if the carrying value of any items should be adjusted due to lack of demand for the items. The Company adjusts down the carrying value of inventory for estimated obsolescence or unmarketable inventory equal to the difference between the cost of inventory and the estimated market value based upon assumptions about future demand and market conditions. If actual market conditions are less favorable than those projected by management, additional inventory write-downs may be required. | |
(i) Property and Equipment | |
Property and equipment are stated at cost. Depreciation on furniture, fixtures and equipment is provided using the straight-line method over the estimated useful lives of the assets ranging from three to five years. Leasehold improvements are amortized over the shorter of the lease term or estimated useful life. Tooling is capitalized at cost and is depreciated over a two-year period. The Company periodically evaluates the recoverability of property and equipment and takes into account events or circumstances that warrant revised estimates of useful lives or that indicate that an impairment exists. The Company evaluates recoverability by a comparison of the carrying amount of the assets to future projections of undiscounted cash flows expected to be generated by the assets. The estimated future cash flows used are based on our business plans and forecasts, which consider historical results adjusted for future expectations. If future market conditions and the Company’s outlook deteriorate, the Company may be required to record impairment charges in the future. | |
(j) Intangible Assets | |
Intangible assets include the cost of patents and trademarks, as well as identifiable intangible assets acquired through business combinations including trade names and software technology. Intangible assets are amortized on a straight-line basis over their estimated economic lives of three to ten years. The Company periodically evaluates the recoverability of intangible assets and takes into account events or circumstances that warrant revised estimates of useful lives or that indicate that an impairment exists. The Company evaluates recoverability by a comparison of the carrying amount of the assets to future projections of undiscounted cash flows expected to be generated by the assets. The estimated future cash flows used are based on our business plans and forecasts, which consider historical results adjusted for future expectations. If future market conditions and the Company’s outlook deteriorate, the Company may be required to record impairment charges in the future. The Company’s intangible assets at December 31, 2013 will continue to be utilized upon implementation of the License Agreement and are not considered to be impaired. | |
(k) Goodwill | |
Goodwill is the excess of the purchase price over the fair value of the net assets acquired. Goodwill is tested for impairment annually as of October 1, or more frequently if indications of impairment arise. | |
(l) Warranty Costs | |
The Company provides limited warranties on certain of its products for periods generally not exceeding three years. The Company accrues for the estimated cost of warranties at the time revenue is recognized. The accrual is based on the Company's actual claim experience. Should actual warranty claim rates, or service delivery costs, differ from our estimates, revisions to the estimated warranty liability would be required. | |
(m) Income Taxes | |
The Company utilizes the asset and liability method of accounting for income taxes. Under the asset and liability method, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the year in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. | |
The Company records a valuation allowance to reduce its deferred tax assets to the amount that is more likely than not to be realized. While the Company has considered forecasts of future taxable income and ongoing prudent and feasible tax planning strategies in assessing the need for the valuation allowance, in the event the Company was to determine that it would be able to realize its deferred tax assets in the future in excess of the net recorded amount, an adjustment to the valuation allowance and deferred tax benefit would increase net income in the period such determination was made. | |
(n) Net Loss per Common Share | |
Basic loss per share is computed by dividing loss by the weighted-average number of common shares outstanding for the period, as adjusted for the 1-for-12 reverse stock split. Diluted loss per share reflects the potential dilution that could occur if securities or contracts to issue common stock were exercised or converted to common stock or resulted in the issuance of common stock that then shared in the earnings or loss of the Company. For 2013 and 2012, the assumed exercise of outstanding stock options and warrants and the impact of restricted stock units have been excluded from the calculations of diluted net loss per share as their effect is anti-dilutive. | |
(o) Share-based Compensation | |
The Company measures all share-based payments to employees at fair value and records expense in the consolidated statement of operations over the requisite service period (generally the vesting period). | |
(p) Fair Value of Financial Instruments | |
The Company's financial instruments include cash equivalents, short-term investments, long-term investments, accounts receivable, and accounts payable. Due to the short-term nature of cash equivalents, accounts receivable, and accounts payable, the fair value of these instruments approximates their recorded value. The Company does not have material financial instruments with off-balance sheet risk. | |
(q) Research and Development | |
The cost of research and development is charged to expense as incurred. | |
(r) Foreign Currency Translation | |
The financial statements of the Company's foreign subsidiaries are measured using the local currency as the functional currency. Assets and liabilities of these subsidiaries are translated at exchange rates as of the balance sheet date. Revenues and expenses are translated at average rates of exchange in effect during the year. The resulting cumulative translation adjustments have been recorded as comprehensive income (loss), a separate component of stockholders' equity. | |
(s) Segment Reporting | |
The Company is engaged in the business of selling accessories for computers and mobile electronic devices and operates a single business segment. | |
(t) Recently Issued Accounting Pronouncements | |
In July 2013, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update No. 2013-11 (“ASU 2013-11”), Income Taxes (Topic 740): Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists. The update clarifies that an unrecognized tax benefit should be presented in the financial statements as a reduction to a deferred tax asset for a net operating loss carryforward, a similar tax loss, or a tax credit carryforward. In situations where the tax benefit is not available at the reporting date under the governing tax law or if the entity does not intend to use the deferred tax asset for such purpose, the unrecognized tax benefit should be presented as a liability and not combined with deferred tax assets. ASU 2013-11 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2013. The amendment is to be applied to all unrecognized tax benefits that exist as of the effective date and may be applied retrospectively to each prior reporting period presented. While early adoption is permitted, we expect to adopt ASU 2013-11 on January 1, 2014. We do not expect the adoption of these new presentation requirements to have a material impact on our consolidated financial position, results of operations, or cash flows. | |
In July 2012, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update No. 2012-02, "Testing Indefinite-Lived Intangible Assets for Impairment" ("ASU No. 2012-02"), which allows entities to use a qualitative approach to test indefinite-lived intangible assets for impairment. ASU No. 2012-02 permits an entity to first assess qualitative factors to determine whether it is more likely than not that the fair value of the indefinite-lived intangible asset is less than its carrying value. If it is concluded that this is the case, it is necessary to perform the currently prescribed quantitative impairment test. Otherwise, the quantitative impairment test is not required. ASU No. 2012-02 is effective for annual and interim impairment tests performed for fiscal years beginning after September 15, 2012. The Company adopted this guidance for the fiscal year ending December 31, 2013. | |
In February 2013, the FASB issued guidance that requires entities to present information about reclassification adjustments from accumulated other comprehensive income in their financial statements or footnotes. This guidance is effective for fiscal years and interim periods within those years beginning after December 15, 2012. The Company adopted this guidance for the fiscal year ending December 31, 2013. | |
(u) Subsequent events | |
Subsequent events are events or transactions that occur after the balance sheet date but before financial statements are issued. We recognize in the financial statements the effects of all subsequent events that provide additional evidence about conditions that existed at the date of the balance sheet, including the estimates inherent in the process of preparing the financial statements. Our financial statements do not recognize subsequent events that provide evidence about conditions that did not exist at the date of the balance sheet but arose after the balance sheet date and before financial statements are issued. |
Note_3_Fair_Value_Measurement
Note 3 - Fair Value Measurement | 12 Months Ended | |||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||
Fair Value Disclosures [Abstract] | ' | |||||||||||||||||
Fair Value Disclosures [Text Block] | ' | |||||||||||||||||
(3) Fair Value Measurement | ||||||||||||||||||
As of December 31, 2013, the Company’s financial assets and financial liabilities that are measured at fair value on a recurring basis are comprised of overnight money market funds and investments in marketable securities. | ||||||||||||||||||
The Company invests excess cash from its operating cash accounts in overnight money market funds and reflects these amounts within cash and cash equivalents on the consolidated balance sheet at a net value of 1:1 for each dollar invested. | ||||||||||||||||||
Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability (i.e., the “exit price”) in an orderly transaction between market participants at the measurement date. We classify our investments based upon an established fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurement) and the lowest priority to unobservable inputs (Level 3 measurements). The three levels of the fair value hierarchy are described as follows: | ||||||||||||||||||
Level 1 | Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities; | |||||||||||||||||
Level 2 | Quoted prices in markets that are not considered to be active or financial instruments without quoted market prices, but for which all significant inputs are observable, either directly or indirectly; | |||||||||||||||||
Level 3 | Prices or valuations that require inputs that are both significant to the fair value measurement and unobservable. | |||||||||||||||||
31-Dec-13 | 31-Dec-12 | |||||||||||||||||
Balance Sheet Classification | Investments | Net Intangible Assets | Investments | Net Intangible Assets | ||||||||||||||
Level 1 | $ | - | $ | $ | - | $ | ||||||||||||
Short-term investments * | Level 2 | 2,142 | 2,129 | |||||||||||||||
Level 3 | - | - | ||||||||||||||||
$ | 2,142 | $ | $ | 2,129 | $ | |||||||||||||
Level 1 | $ | $ | $ | - | $ | |||||||||||||
Long-term investments * | Level 2 | 60 | ||||||||||||||||
Level 3 | - | |||||||||||||||||
$ | $ | $ | 60 | $ | ||||||||||||||
Level 1 | $ | $ | $ | $ | - | |||||||||||||
Level 2 | - | |||||||||||||||||
Distribution rights and Technology license ** | Level 3 | 510 | ||||||||||||||||
$ | $ | $ | $ | 510 | ||||||||||||||
* Recurring fair value measurement | ||||||||||||||||||
** Non- recurring fair value measurement | ||||||||||||||||||
At December 31, 2013 and December 31, 2012, investments in U.S. municipal bond funds, totaling approximately $2,142,000 and $2,129,000, respectively, are classified as short-term investments on the consolidated balance sheets. These investments are considered available-for-sale securities and are reported at fair value based on the net asset value as reported by the fund manager, which qualifies as level 2 in the fair value hierarchy. | ||||||||||||||||||
At December 31, 2013 and December 31, 2012, investments in marketable securities totaling zero and $60,000 are classified as long-term investments on the condensed consolidated balance sheet. In December 2013, the securities, classified as long-term investments, ceased trading in an active market. These investments are considered available-for-sale securities and are reported at fair value based on the most recent available trading price adjusted for lack of liquidity, which qualifies as level 2 in the fair value hierarchy. Prior to December 2012, they qualified as level 1. The unrealized gains and losses on available-for-sale securities are recorded in other comprehensive loss. Realized gains and losses are included in interest income, net. | ||||||||||||||||||
During the second quarter of 2013, the Company determined that the remaining net book value of its technology license and distribution rights from Pure Energy was fully impaired. The Company has no ability to utilize the technology related to the battery line, nor an immediate alternative manufacturing or supply capability, making it doubtful that the Company will be able to continue the product line associated with these rights. |
Note_4_Investments
Note 4 - Investments | 12 Months Ended | ||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||
Investments Schedule [Abstract] | ' | ||||||||||||||||||||||||
Investment [Text Block] | ' | ||||||||||||||||||||||||
(4) Investments | |||||||||||||||||||||||||
Short-term | |||||||||||||||||||||||||
The Company has determined that all of its investments in short-term marketable securities should be classified as available-for-sale and reported at fair value. | |||||||||||||||||||||||||
The Company assesses its investments in marketable securities for other-than-temporary declines in value by considering various factors that include, among other things, any events that may affect the creditworthiness of a security’s issuer, the length of time the security has been in a loss position, and the Company’s ability and intent to hold the security until a forecasted recovery of fair value. | |||||||||||||||||||||||||
The Company did not sell securities during the year ended December 31, 2013 and generated net proceeds of $2,779,000 and realized a loss of $2,000 in the sale of such securities for the year ended December 31, 2012. | |||||||||||||||||||||||||
As of December 31, 2013 and 2012, the amortized cost basis, unrealized holding gains, unrealized holding losses, and aggregate fair value by short-term major security type investments were as follows (dollars in thousands): | |||||||||||||||||||||||||
31-Dec-13 | 31-Dec-12 | ||||||||||||||||||||||||
Amortized Cost | Net Unrealized Holding Gains | Aggregate Fair Value | Amortized Cost | Net Unrealized Holding Gains (Losses) | Aggregate Fair Value | ||||||||||||||||||||
U.S. municipal funds | 2,129 | 13 | 2,142 | 2,110 | 19 | 2,129 | |||||||||||||||||||
$ | 2,129 | $ | 13 | $ | 2,142 | $ | 2,110 | $ | 19 | $ | 2,129 | ||||||||||||||
Long-term | |||||||||||||||||||||||||
In June 2011, the Company made an investment in Pure Energy Visions Corporation, which is a stockholder in Pure Energy Solutions, the Company's supplier of rechargeable batteries, in which the Company received 2,142,858 shares of Pure Energy Visions common stock at a price per share equal to $0.286, and an interest-free convertible secured debenture having a one-year repayment term that converts into an additional 2,142,858 shares of Pure Energy Visions common stock in lieu of repayment either upon the achievement of certain business goals or earlier at iGo's discretion. The Company did not obtain control of Pure Energy Visions as a result of this investment. | |||||||||||||||||||||||||
The Company assesses its long-term investments for other-than-temporary declines in value by considering various factors that include, among other things, events that may affect the creditworthiness of a security's issuer, the length of time the security has been in a loss position, and the Company's ability and intent to hold the security until a forecasted recovery of fair value. | |||||||||||||||||||||||||
At December 31, 2012, the Company's investment in Pure Energy Visions had a fair value significantly below its amortized cost. Due to the duration the security had been in a loss position and the probability that its value would not recover, the Company considered the value of the long-term investments to be other-than-temporarily impaired. During 2012, the Company recognized total other-than-temporary impairment charges of $1,166,000 related to these securities. | |||||||||||||||||||||||||
During 2013, the Company concluded that the remaining unrealized losses on the value of the long-term investments were other-than-temporary and, therefore, recorded impairment charges of $60,000 related to these securities to reflect the amortized cost of the securities at fair value of zero at December 31, 2013. | |||||||||||||||||||||||||
As of December 31, 2013 and 2012, the amortized cost basis, unrealized holding losses, and aggregate fair value by long-term major security-type investments were as follows (dollars in thousands): | |||||||||||||||||||||||||
31-Dec-13 | 31-Dec-12 | ||||||||||||||||||||||||
Amortized Cost | Net Unrealized Holding Losses | Aggregate Fair Value | Amortized Cost | Net Unrealized Holding Losses | Aggregate Fair Value | ||||||||||||||||||||
Canadian corporate securites: | |||||||||||||||||||||||||
Common Stock | $ | - | * | $ | - | $ | - | $ | 30 | * | $ | - | $ | 30 | |||||||||||
Corporate debenture | - | * | - | - | 30 | * | - | $ | 30 | ||||||||||||||||
$ | - | $ | - | $ | - | $ | 60 | $ | - | $ | 60 | ||||||||||||||
* Reflects amortized cost adjusted to fair value at December 31, 2013 and December 31, 2012, respectively, as the Company concluded the unrealized holdings losses on these securities represented other-than-temporary declines in fair value. |
Note_5_Goodwill
Note 5 - Goodwill | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Disclosure Text Block Supplement [Abstract] | ' | ||||||||||||
Goodwill Disclosure [Text Block] | ' | ||||||||||||
(5) Goodwill | |||||||||||||
Goodwill is as follows (amounts in thousands): | |||||||||||||
Adapt | Aerial7 | Total | |||||||||||
Reported balance at January 1, 2012 | - | 285 | 285 | ||||||||||
Impairment | - | (285 | ) | (285 | ) | ||||||||
Reported balance at December 31 ,2012 | - | - | - | ||||||||||
Reported balance at December 31 ,2013 | - | - | - | ||||||||||
As of October 1, 2012, due to lower-than-anticipated sales of audio products, the Company determined that there was an indication that its recorded goodwill associated with its acquisition of Aerial7 might be fully impaired. Accordingly, the Company performed an impairment analysis utilizing both a discounted future cash flows approach and a market comparable approach and determined that the goodwill associated with Aerial7 was fully impaired. As a result, during the quarter ended December 31, 2012, the Company recorded a goodwill impairment charge of $285,000. This impairment charge is included in the consolidated statements of operations under the caption “Asset impairment.” |
Note_6_Property_and_Equipment
Note 6 - Property and Equipment | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Property, Plant and Equipment [Abstract] | ' | ||||||||
Property, Plant and Equipment Disclosure [Text Block] | ' | ||||||||
(6) Property and Equipment | |||||||||
Property and equipment consists of the following (dollars in thousands): | |||||||||
December 31, | |||||||||
2013 | 2012 | ||||||||
Furniture and fixtures | $ | 137 | $ | 492 | |||||
Store, warehouse and related equipment | - | 500 | |||||||
Computer equipment | 2,097 | 3,209 | |||||||
Tooling | 324 | 2,894 | |||||||
Leasehold Improvement | 546 | 546 | |||||||
3,104 | 7,641 | ||||||||
Less accumulated depreciation and amortization | (2,971 | ) | (7,196 | ) | |||||
Property and equipment, net | $ | 133 | $ | 445 | |||||
Aggregate depreciation and amortization expense for property and equipment totaled $288,000 and $421,000 for the years ended December 31, 2013 and 2012, respectively. |
Note_7_Intangible_Assets
Note 7 - Intangible Assets | 12 Months Ended | ||||||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||||||
Disclosure Text Block [Abstract] | ' | ||||||||||||||||||||||||||||
Intangible Assets Disclosure [Text Block] | ' | ||||||||||||||||||||||||||||
(7) Intangible Assets | |||||||||||||||||||||||||||||
Intangible assets consist of the following at December 31, 2013 and 2012 (dollars in thousands): | |||||||||||||||||||||||||||||
31-Dec-13 | 31-Dec-12 | ||||||||||||||||||||||||||||
Average Life (Years) | Gross Intangible Assets | Accumulated Amortization | Net Intangible Assets | Gross Intangible Assets | Accumulated Amortization | Net Intangible Assets | |||||||||||||||||||||||
Intangible assets: | |||||||||||||||||||||||||||||
Patents and trademarks | 3 | $ | 4,183 | $ | (4,034 | ) | $ | 149 | $ | 4,075 | $ | (3,584 | ) | $ | 491 | ||||||||||||||
Trade names | 8 | 442 | (442 | ) | - | 442 | (442 | ) | - | ||||||||||||||||||||
Distribution rights | 5 | - | * | - | - | 375 | (144 | ) | 231 | ||||||||||||||||||||
Technology license | 10 | - | * | - | - | 331 | (52 | ) | 279 | ||||||||||||||||||||
Total intangible assets | $ | 4,625 | $ | (4,476 | ) | $ | 149 | $ | 5,223 | $ | (4,222 | ) | $ | 1,001 | |||||||||||||||
* Reflects intangible assets adjusted to fair value as at December 31, 2013, as the company concluded, during the third quarter of 2013, the intangible assets associated with its investment in Pure Energy Vision were fully impaired. | |||||||||||||||||||||||||||||
In February 2011, the Company entered into marketing, distribution and licensing agreements with Pure Energy Solutions, a manufacturer of rechargeable alkaline batteries. The Company also simultaneously entered into an agreement with Premier Tech Home & Garden to take over its current distribution rights for Pure Energy batteries in Canada. The corresponding value of these distribution rights are reflected in the table above under the caption “Distribution rights.” | |||||||||||||||||||||||||||||
In June 2011, the Company made an investment in Pure Energy Visions Corporation, which is a stockholder in Pure Energy Solutions, in which the Company received a license to utilize rechargeable alkaline battery technology. The corresponding value of this license is reflected in the table above under the caption “Technology license.” | |||||||||||||||||||||||||||||
As of October 1, 2012, as a result of lower-than-anticipated sales of audio products, the Company determined that its recorded intangible assets associated with its acquisition of Aerial7 might be impaired. Accordingly, the Company performed an impairment analysis utilizing an undiscounted future cash flows approach and determined that the intangible assets associated with Aerial7 were fully impaired. As a result, during the quarter ended December 31, 2012, the Company recorded an intangible asset impairment charge of $1,158,000, which was net of accumulated amortization of $1,002,000. This impairment charge is included in the consolidated statements of operations under the caption “Asset impairment.” | |||||||||||||||||||||||||||||
In June 2013, the Company determined that its investment in Pure Energy Visions was fully impaired and, accordingly, recorded an impairment charge of the remaining net book value of its technology license and distribution rights from Pure Energy, which was recorded at approximately $456,000 on the Company’s balance sheet. The Company has no ability to utilize the technology related to the battery line, nor an immediate alternative manufacturing or supply capability, making it doubtful that the Company will be able to continue the product line associated with these rights. | |||||||||||||||||||||||||||||
Aggregate amortization expense for identifiable intangible assets totaled $504,000 and $1,253,000 for the years ended December 31, 2013 and 2012, respectively. Estimated amortization expense for each of the five succeeding years ended December 31 is as follows (dollars in thousands): | |||||||||||||||||||||||||||||
Year | Amortization Expense | ||||||||||||||||||||||||||||
2014 | 149 | ||||||||||||||||||||||||||||
2015 | - | ||||||||||||||||||||||||||||
2016 | - | ||||||||||||||||||||||||||||
2017 | - | ||||||||||||||||||||||||||||
2018 | - | ||||||||||||||||||||||||||||
Note_8_Lease_Commitments
Note 8 - Lease Commitments | 12 Months Ended | ||||
Dec. 31, 2013 | |||||
Leases [Abstract] | ' | ||||
Leases of Lessee Disclosure [Text Block] | ' | ||||
(8) Lease Commitments | |||||
The Company has entered into various non-cancelable operating lease agreements for its office facilities and office equipment, which expire in 2014. Existing facility leases require monthly rents plus payment of property taxes, normal maintenance and insurance on facilities. Rental expense for the operating leases was $483,000 and $558,000 during the years ended 2013 and 2012, respectively. | |||||
A summary of the minimum future lease payments for the years ending December 31 follows (dollars in thousands): | |||||
2014 | 83 | ||||
2015 | - | ||||
2016 | - | ||||
2017 | - | ||||
2018 | - | ||||
Thereafter | - | ||||
$ | 83 | ||||
Note_9_Income_Taxes
Note 9 - Income Taxes | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Income Tax Disclosure [Abstract] | ' | ||||||||
Income Tax Disclosure [Text Block] | ' | ||||||||
(9) Income Taxes | |||||||||
The provision for income taxes includes income taxes currently payable and those deferred due to temporary differences between the financial statement and tax bases of assets and liabilities that will result in taxable or deductible amounts in the future. The Company recorded no provision for income taxes for the years ended December 31, 2013 and 2012. | |||||||||
The provision for income taxes differed from the amounts computed by applying the statutory U.S. federal income tax rate of 34% in 2013 and 2012 to income (loss) before income taxes as a result of the following (dollars in thousands): | |||||||||
Years Ended December 31, | |||||||||
2013 | 2012 | ||||||||
Expected tax at federal statutory rate | $ | (4,273 | ) | $ | (4,028 | ) | |||
State income taxes | (267 | ) | - | ||||||
Non-deductible goodwill and other intangibles | - | 97 | |||||||
Meals, entertainment and other non-deductible expenses | - | 7 | |||||||
Foreign loss not benefitted | 117 | 174 | |||||||
Stock options | 358 | 501 | |||||||
State NOL true-up | 43 | 1,023 | |||||||
Other | (106 | ) | (90 | ) | |||||
Change in deferred tax valuation allowance | 4,128 | 2,316 | |||||||
Income tax (benefit) | $ | - | $ | - | |||||
With the exception of 2005, 2006 and 2009, the Company has generated net operating losses for income tax reporting purposes since inception. At December 31, 2013, the Company had net operating loss carry-forwards for federal and state income tax purposes of approximately $184,017,000 and $41,470,000, respectively, and approximately $5,411,000 for foreign income tax purposes which, subject to possible annual limitations, are available to offset future taxable income, if any. The federal and state net operating loss carry-forwards expire between 2018 and 2033 and 2014 and 2033, respectively. The foreign net operating losses may be carried forward indefinitely for utilization against income from the same operating trade. | |||||||||
The temporary differences that give rise to deferred tax assets and liabilities at December 31, 2013 and 2012 are as follows (dollars in thousands): | |||||||||
December 31, | |||||||||
2013 | 2012 | ||||||||
Deferred tax assets: | |||||||||
Net operating loss carryforward for federal income taxes | $ | 62,280 | $ | 58,781 | |||||
Net operating loss carryforward for foreign income taxes | 1,245 | 1,251 | |||||||
Net operating loss carryforward for state income taxes | 2,244 | 2,040 | |||||||
Depreciation and amortization | 1,431 | 1,250 | |||||||
Stock based compensation | - | 158 | |||||||
Accrued liabilities | 511 | 154 | |||||||
Reserves | 136 | 190 | |||||||
Bad debts | 177 | 130 | |||||||
Tax credits | 372 | 372 | |||||||
Inventory obsolescence | 622 | 564 | |||||||
Total gross deferred tax assets | 69,018 | 64,890 | |||||||
Deferred tax liabilities | - | - | |||||||
Net deferred tax assets | 69,018 | 64,890 | |||||||
Less valuation allowance | (69,018 | ) | (64,890 | ) | |||||
Net deferred tax assets | $ | - | $ | - | |||||
The valuation allowance for deferred tax assets as of December 31, 2013 and 2012 was $69,018,000 and $64,890,000, respectively. The change in the total valuation allowance for the year ended December 31, 2013 was an increase of $4,128,000. Our deferred tax assets do not include $839,000 of net operating loss benefits that, if realized, would result in an increase to additional paid-in capital of $306,000. | |||||||||
In assessing the realizability of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. Management considers the scheduled reversal of deferred tax liabilities, projected future taxable income, and tax planning strategies in assessing the valuation allowance. Based upon the level of historical taxable income and projections for future taxable income over the periods in which the deferred tax assets are deductible, management currently believes it is more likely than not that the Company will not realize the benefits of these deductible differences. | |||||||||
In addition, due to changes in ownership resulting from the frequency of equity transactions and acquisitions by the Company, it is possible the use of the Company’s remaining net operating loss carry-forward may be limited in accordance with Section 382 of the Internal Revenue Code. | |||||||||
The Company files income tax returns in the U.S. federal jurisdiction, and various state and foreign jurisdictions. As a result of its historical net operating losses, the statute of limitations in the U.S. and various state jurisdictions remains open for each tax year since 1998, with the exception of 2005 and 2006. The statute of limitations in the foreign jurisdictions remains open for tax years after 2007. | |||||||||
Uncertain Tax Positions | |||||||||
The Company is required to recognize in the financial statements the impact of a tax position, if that position is not more likely than not of being sustained upon examination, based on the technical merits of the position. It is the Company’s policy to recognize interest and penalties related to uncertain tax positions in general and administrative expense. | |||||||||
A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows (dollars in thousands): | |||||||||
December 31, | |||||||||
2013 | 2012 | ||||||||
Gross unrecognized tax benefits, beginning of year | 248 | 248 | |||||||
Additions based on tax positions related to the current year | - | - | |||||||
Additions/Subtractions for tax positions of prior years | - | - | |||||||
Reductions for settlements and payments | - | - | |||||||
Reductions due to statute expiration | - | - | |||||||
Gross unrecognized tax benefits, end of year | $ | 248 | $ | 248 | |||||
Included in the balance of gross unrecognized tax benefits at December 31, 2013 is $248,000 of tax positions for which ultimate tax benefit is uncertain. These amounts consist of various credits. Because of the permanent nature of these items the disallowance would normally impact the effective tax rate. No interest or penalty has been accrued or included related to the table amounts shown above. | |||||||||
There are no positions the Company reasonably anticipates will significantly increase or decrease within 12 months of the reporting date. |
Note_10_Stockholders_Equity
Note 10 - Stockholders' Equity | 12 Months Ended |
Dec. 31, 2013 | |
Stockholders' Equity Note [Abstract] | ' |
Stockholders' Equity Note Disclosure [Text Block] | ' |
(10) Stockholders' Equity | |
Holders of shares of common stock are entitled to one vote per share on all matters submitted to a vote of the Company's stockholders. There is no right to cumulative voting for the election of directors. Holders of shares of common stock are entitled to receive dividends, if and when declared by the board of directors out of funds legally available therefore, after payment of dividends required to be paid on any outstanding shares of preferred stock. Upon liquidation, holders of shares of common stock are entitled to share ratably in all assets remaining after payment of liabilities, subject to the liquidation preferences of any outstanding shares of preferred stock. Holders of shares of common stock have no conversion, redemption or preemptive rights. |
Note_11_Employee_Benefit_Plans
Note 11- Employee Benefit Plans | 12 Months Ended | ||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ' | ||||||||||||||||||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Text Block] | ' | ||||||||||||||||||||||||
(11) Employee Benefit Plans | |||||||||||||||||||||||||
(a) Retirement Plan | |||||||||||||||||||||||||
The Company has a defined contribution 401(k) plan for all employees. Under the 401(k) plan, employees are permitted to make contributions to the plan in accordance with IRS regulations. The Company may make discretionary contributions as approved by the Board of Directors. The Company contributed $13,000 and $134,000 during 2013 and 2012, respectively. | |||||||||||||||||||||||||
(b) Restricted Stock Units | |||||||||||||||||||||||||
During 2004, the Company adopted the Omnibus Long-Term Incentive Plan (the “Omnibus Plan”) and the Non-Employee Directors Plan (the “Directors Plan”). During 2011, the Company’s stockholders approved an amendment to the Omnibus Plan to increase the number of shares available for grant by 250,000, as adjusted for the 1-for-12 reverse stock split. Under the Omnibus Plan, the Company may grant up to 445,833 stock options, stock appreciation rights, restricted stock awards, performance awards, and other stock awards, as adjusted for the 1-for-12 reverse stock split. Under the Directors Plan, the Company may grant up to 33,333 stock options, stock appreciation rights, restricted stock awards, performance awards, and other stock awards, as adjusted for the 1-for-12 reverse stock split. | |||||||||||||||||||||||||
Under the Directors Plan and the Omnibus Plan, the Company has awarded Restricted Stock Units (“RSUs”). Unearned compensation is measured at fair market value on the date of grant and recognized as compensation expense over the period in which the RSUs vest. All RSUs awarded to employees under the Omnibus Plan vest ratably over three or four years, depending on the terms of each individual award or, on a pro rata basis, upon the employee’s death, disability or termination without cause or, in full, upon a change in control of the Company. RSUs awarded to board members upon their election or re-election to the board under the Directors Plan vest 100% upon the three-year anniversary of the grant date. RSUs awarded to board members upon their election or re-election to the board under the Omnibus Plan vest ratably over three years. RSUs awarded to board members upon their appointment as board chairman or to a board committee vest 100% upon the anniversary of the grant date. All RSUs awarded to board members may vest earlier, on a pro rata basis, upon the director’s death, disability, or retirement or, in full, upon a change in control of the Company. | |||||||||||||||||||||||||
On June 11, 2007, pursuant to the terms of the employment agreement dated May 1, 2007 by and between the Company and Michael D. Heil, Mr. Heil was awarded 83,333, as adjusted for the 1-for-12 reverse stock split, RSUs outside of the Company’s 2004 Directors Plan and 2004 Omnibus Plan as an inducement award without stockholder approval pursuant to NASDAQ Marketplace Rule 5635(c)(4). Pursuant to the terms of Mr. Heil’s agreement, 41,667 of the RSUs vested in increments of 10,417 shares per year effective on June 11, 2008, June 11, 2009, June 11, 2010 and June 11, 2011. On March 19, 2008, the vesting terms for the remaining 41,667 RSUs, as adjusted for the 1-for-12 reverse stock split, granted to Mr. Heil were amended to provide time-based vesting, pursuant to which 10,417 shares vested on each of March 19, 2009, March 19, 2010, March 19, 2011, and March 19, 2012. | |||||||||||||||||||||||||
As part of the acquisition of Adapt, on August 6, 2010, the Company entered into three one-year employment agreements with the three founders and key employees of Adapt. Each of these key employees received grants of 16,667 RSUs, as adjusted for the 1-for-12 reverse stock split, outside of the Company’s 2004 Directors Plan and 2004 Omnibus Plan as an inducement award without stockholder approval pursuant to NASDAQ Marketplace Rule 5635(c)(4) that vested 33% on August 6, 2011, and 33% on August 6, 2012. The remaining 34% vested on August 6, 2013. | |||||||||||||||||||||||||
As part of the acquisition of Aerial7, on October 7, 2010, the Company entered into employment agreements with a three year term with the three founders and key employees of Aerial7. Each of these three key employees received grants of 12,500 RSUs, as adjusted for the 1-for-12 reverse stock split, outside of the Company’s 2004 Directors Plan and 2004 Omnibus Plan as an inducement award without stockholder approval pursuant to NASDAQ Marketplace Rule 5635(c)(4). Each of these RSU grants vest in equal annual installments of 4,167 RSUs, with the first vesting event occurring on October 7, 2011, the second vesting event occurring on October 7, 2012 and the remaining vesting event scheduled to occur on October 7, 2013. On January 15, 2013, one of the three key employees departed the Company, resulting in the acceleration of a pro-rata portion of the RSUs that were unvested at the time of his departure. On August 23, 2013, the remaining key employees departed the Company, resulting in the acceleration of their remaining RSUs that were unvested at the time of their departures. | |||||||||||||||||||||||||
In connection with the tender offer by Steel Excel Inc. (“Steel”) to acquire up to 1,316,866 of the outstanding shares of the Company’s common stock, representing a 44.7% ownership position in the Company on a fully-diluted basis, at a price of $3.95 per share (the “Offer”), the Company’s Board of Directors (the “Board”) approved the conditional acceleration of full vesting of outstanding RSUs upon the commencement of the Offer. Accordingly, upon the consummation of the Offer, $255,000 unrecognized compensation cost related to stock options and RSUs was recognized on August 23, 2013. The Company determined that there was no additional incremental value to recognize as compensation expense as a result of this award modification. | |||||||||||||||||||||||||
The following table summarizes information regarding restricted stock unit activity for the years ended December 31, 2012, as adjusted for the 1-for-12 reverse stock split, and December 31, 2013: | |||||||||||||||||||||||||
Directors Plan | Omnibus Plan | Inducement Grants | |||||||||||||||||||||||
Number | Weighted | Number | Weighted | Number | Weighted | ||||||||||||||||||||
Average | Average | Average | |||||||||||||||||||||||
Value per Share | Value per Share | Value per Share | |||||||||||||||||||||||
Outstanding, January 1, 2012 | - | - | 78,346 | 30.12 | 68,750 | 22.56 | |||||||||||||||||||
Granted | - | - | 24,611 | 4.64 | - | - | |||||||||||||||||||
Canceled | - | - | (10,448 | ) | 34.49 | - | - | ||||||||||||||||||
Released to common stock | - | - | (54,222 | ) | 17.5 | (30,903 | ) | 20.16 | |||||||||||||||||
Released for settlement of taxes | - | - | (8,233 | ) | 27.55 | (8,681 | ) | 20.16 | |||||||||||||||||
Outstanding, December 31, 2012 | - | - | 30,054 | 31.2 | 29,166 | 25.8 | |||||||||||||||||||
Granted | - | - | - | - | - | - | |||||||||||||||||||
Canceled | - | - | (5,792 | ) | 30.38 | (5,116 | ) | 23.28 | |||||||||||||||||
Released to common stock | - | - | (19,502 | ) | 30.61 | (23,593 | ) | 21.62 | |||||||||||||||||
Released for settlement of taxes | - | - | (4,760 | ) | 33.38 | (457 | ) | 21.62 | |||||||||||||||||
Outstanding, December 31, 2013 | - | $ | - | - | $ | - | - | $ | - | ||||||||||||||||
For the years ended December 31, 2013 and 2012, the Company recorded in general and administrative expense pre-tax charges of $758,000 and $1,534,000 associated with the expensing of restricted stock unit and option activity. | |||||||||||||||||||||||||
As of December 31, 2013, all RSUs were vested and all compensation expense recognized. | |||||||||||||||||||||||||
(c) Stock Options | |||||||||||||||||||||||||
In 1996, the Company adopted the Incentive Stock Option Plan (the “1996 Plan”). The 1996 Plan terminated on April 30, 2008. The options under the 1996 Plan and the Omnibus Plan were granted at the fair market value of the Company’s stock at the date of grant as determined by the Company’s Board of Directors. Options become exercisable over varying periods up to 3.5 years and expire at the earlier of termination of employment or up to six years after the date of grant. At December 31, 2013, there were no shares available for grant under the 1996 Plan and Director Plan and 232,832 shares available under the Omnibus Plan, as adjusted for the 1-for-12 reverse stock split. | |||||||||||||||||||||||||
The Company did not grant any stock options during the year ended December 31, 2013. The Company granted 153,333 stock options during the year ended December 31, 2012, as adjusted for the 1-for-12 reverse stock split. | |||||||||||||||||||||||||
Upon the consummation of the Offer, referenced in Note 11(b) above, $219,000 unrecognized compensation cost related to stock options was recognized on August 23, 2013. The Company determined that there was no additional incremental value to recognize as compensation expense as a result of this award modification. | |||||||||||||||||||||||||
The following table summarizes information regarding stock option activity for the years ended December 31, 2012, as adjusted for the 1-for-12 reverse stock split, and December 31, 2013: | |||||||||||||||||||||||||
Number of Options | Weighted Average Exercise Price | Weighted Average Remaining Contractual Term | Aggregate Intrinsic Value (In Thousands) | ||||||||||||||||||||||
Outstanding, January 1, 2011 | - | $ | - | - | - | ||||||||||||||||||||
Granted | - | $ | - | - | - | ||||||||||||||||||||
Canceled | - | $ | - | - | - | ||||||||||||||||||||
Exercised | - | $ | - | - | - | ||||||||||||||||||||
Outstanding, January 1, 2012 | - | $ | - | - | - | ||||||||||||||||||||
Granted | 153,333 | $ | 9 | 9.29 | - | ||||||||||||||||||||
Canceled | (65,833 | ) | $ | 9 | 9.29 | - | |||||||||||||||||||
Exercised | - | $ | - | - | |||||||||||||||||||||
Outstanding December 31, 2012 | 87,500 | $ | 9 | 9.27 | - | ||||||||||||||||||||
Granted | - | $ | - | - | - | ||||||||||||||||||||
Canceled | (70,833 | ) | $ | 9 | - | - | |||||||||||||||||||
Exercised | - | $ | - | - | |||||||||||||||||||||
Outstanding, December 31, 2013 | 16,667 | $ | 9 | 8.29 | - | ||||||||||||||||||||
Exercisable at December 31, 2013 | 16,667 | $ | 9 | 8.29 | - | ||||||||||||||||||||
As of December 31, 2013, there was no unrecognized compensation cost related to non-vested stock options. | |||||||||||||||||||||||||
The aggregate intrinsic value of stock options exercised during the years ended December 31, 2013 and December 31, 2012 was zero. | |||||||||||||||||||||||||
The Company did not grant any stock options during the years ended December 31, 2013. The weighted average fair value of options granted in the year ended December 31, 2012 was $0.51. The fair value of the stock options was determined using the Black-Scholes option valuation model, which relied on the following key assumptions with respect to the options granted during the respective periods: | |||||||||||||||||||||||||
Year Ended | |||||||||||||||||||||||||
December 31, | |||||||||||||||||||||||||
2012 | |||||||||||||||||||||||||
Weighted average risk-free interest rate | 1.21 | % | |||||||||||||||||||||||
Expected life of the options (in years) | 6.41 | ||||||||||||||||||||||||
Expected stock price volatility | 76.01 | % | |||||||||||||||||||||||
Expected dividend yield | - | ||||||||||||||||||||||||
The Black-Scholes option valuation model was developed for use in estimating the fair value of traded options that have no vesting restrictions and are fully transferable. In addition, option valuation models require the input of highly subjective assumptions, including the expected stock price volatility. The risk-free interest rate is based on the U.S. Treasury security rate in effect as of the date of grant. The expected term of the options and stock price volatility are based on historical data of the Company. | |||||||||||||||||||||||||
(d) Preferred Stock and Dividends | |||||||||||||||||||||||||
On June 20, 2013, the Company entered into an Amended and Restated Rights Agreement with its transfer agent, which amended and restated the Company’s previous Rights Agreement dated as of June 11, 2003, as amended, scheduled to expire on June 23, 2013. In connection with the Company’s entering into the Amended and Restated Rights Agreement, the Board declared a dividend of one preferred share purchase right (a “ Right” and collectively, the “Rights” ) for each outstanding share of common stock, par value $0.01 per share, of the Company to stockholders of record at the close of business on June 30, 2013. | |||||||||||||||||||||||||
The Rights granted under the Amended and Restated Rights Agreement are intended to establish a deterrent to any person acquiring 4.9% or more of the outstanding shares of the Company’s common stock, or any existing 4.9% or greater holder from acquiring any additional shares representing 1.0% or more of the then outstanding common stock, in each case, without the approval of the Board, in an effort to preserve the Company’s net operating losses and other similar tax attributes against potential limitations presented by stock ownership changes. | |||||||||||||||||||||||||
Each Right entitles the registered holder to purchase from the Company one one-thousandth of a share of Series H Junior Participating Preferred Stock (“Preferred Stock”), par value $0.01 per share, of the Company’s preferred stock at a price of $6.75 per one one-thousandth of a share. The Rights become exercisable only, however, after any person acquires, or announces intention to acquire via a tender or exchange offer, 4.9% or more of the Company's outstanding shares of common stock. Prior to such time, the Board may redeem the Rights in whole, but not in part, at a redemption price of $0.01 per Right payable in cash, shares of the Company’s common stock or another form of consideration at the option of the Company. Immediately upon the redemption of any Rights, the holder’s right to exercise such Rights will terminate and the holder will be entitled only to receive the redemption price. | |||||||||||||||||||||||||
Until a Right is exercised or exchanged, the holder thereof, as such, will have no additional rights as a stockholder of the Company, including, without limitation, the right to vote or to receive dividends. | |||||||||||||||||||||||||
Shares of Preferred Stock issued upon exercise of the Rights will not be redeemable. Each share of Preferred Stock will be entitled, when, as and if declared, to a minimum preferential quarterly dividend payment of the greater of (a) $10 per share, and (b) an amount equal to 1,000 times the dividend declared per share of common stock. In the event of liquidation, dissolution or winding up of the Company, the holders of the Preferred Stock will be entitled to a minimum preferential payment of the greater of (a) $1,000 per share (plus any accrued but unpaid dividends), and (b) an amount equal to 1,000 times the payment made per share of common stock. Each share of Preferred Stock will have 1,000 votes, voting together with the common stock. Finally, in the event of any merger, consolidation or other transaction in which outstanding shares of common stock are converted or exchanged, each share of Preferred Stock will be entitled to receive 1,000 times the amount received per share of common stock. These rights are protected by customary anti-dilution provisions. | |||||||||||||||||||||||||
At December 31, 2013 and December 31, 2012, 15,000,000 shares of Preferred Stock were authorized. There were no shares of Preferred Stock issued and outstanding at December 31, 2013 and December 31, 2012. |
Note_12_Net_Income_Loss_Per_Sh
Note 12 - Net Income (Loss) Per Share | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Earnings Per Share [Abstract] | ' | ||||||||
Earnings Per Share [Text Block] | ' | ||||||||
(12) Net Income (Loss) per Share | |||||||||
The computation of basic and diluted net income (loss) per share (EPS) follows (in thousands, except per share amounts), for the years ended December 31, 2013 and December 31, 2012, as adjusted for the 1-for-12 reverse stock split: | |||||||||
Years Ended December 31, | |||||||||
2013 | 2012 | ||||||||
Basic net loss per share computation: | |||||||||
Numerator: | |||||||||
Net loss | $ | (12,566 | ) | $ | (12,024 | ) | |||
Denominator: | |||||||||
Weighted average number of common shares outstanding | 2,921 | 2,852 | |||||||
Basic net loss per share | $ | (4.30 | ) | $ | (4.22 | ) | |||
Diluted net loss per share computation: | |||||||||
Numerator: | |||||||||
Net loss | $ | (12,566 | ) | $ | (12,024 | ) | |||
Denominator: | |||||||||
Weighted average number of common shares outstanding | 2,921 | 2,852 | |||||||
Effect of dilutive stock options, warrants, and restricted stock units | - | - | |||||||
2,921 | 2,852 | ||||||||
Diluted net loss per share | $ | (4.30 | ) | $ | (4.22 | ) | |||
Stock options not included in dilutive net loss per share since anti-dilutive | 17 | 148 | |||||||
Warrants not included in dilutive net loss per share since anti-dilutive | - | 0.4 | |||||||
Note_13_Product_Lines_Concentr
Note 13 - Product Lines, Concentration of Credit Risk and Significant Customers | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Segment Reporting [Abstract] | ' | ||||||||
Segment Reporting Disclosure [Text Block] | ' | ||||||||
(13) Product Lines, Concentration of Credit Risk and Significant Customers | |||||||||
The Company is engaged in the business of selling accessories for computers and mobile electronic devices. The Company has four product lines, consisting of Power, Protection, Audio, and Other Accessories. The Company's chief operating decision maker (“CODM”) continues to evaluate revenues and gross profits based on product lines, routes to market and geographies. As a result of the Company directing its focus primarily toward power products, it is not expected that Protection, Audio, or Other Accessories will provide a significant contribution to revenue in the future. | |||||||||
The following tables summarize the Company’s revenues by product line, as well as its revenues by geography and the percentages of revenue by route to market (dollars in thousands): | |||||||||
Revenue by Product Line | |||||||||
Years Ended December 31, | |||||||||
2013 | 2012 | ||||||||
Power | $ | 13,795 | $ | 24,174 | |||||
Batteries | 1,023 | 2,230 | |||||||
Audio | 1,762 | 2,297 | |||||||
Protection | 230 | 693 | |||||||
Other Accessories | 118 | 482 | |||||||
Total revenues | $ | 16,928 | $ | 29,876 | |||||
Revenue by Geography | |||||||||
Years Ended December 31, | |||||||||
2013 | 2012 | ||||||||
North America | $ | 13,079 | $ | 24,372 | |||||
Europe | 2,815 | 4,537 | |||||||
Asia Pacific | 1,034 | 967 | |||||||
Total revenues | $ | 16,928 | $ | 29,876 | |||||
% Revenue by Route to Market | |||||||||
Years Ended December 31, | |||||||||
2013 | 2012 | ||||||||
Retailers and distributors | 97 | % | 89 | % | |||||
OEM and private-label-resellers | 2 | % | 5 | % | |||||
Other | 1 | % | 6 | % | |||||
100 | % | 100 | % | ||||||
Financial instruments that potentially subject the Company to concentrations of credit risk consist principally of cash and trade accounts receivable. The Company places its cash with high credit quality financial institutions and generally limits the amount of credit exposure to the amount of FDIC coverage. However, periodically during the year, the Company maintains cash in financial institutions in excess of the current FDIC insurance coverage limit of $250,000. The Company performs ongoing credit evaluations of its customers' financial condition but does not typically require collateral to support customer receivables. The Company establishes an allowance for doubtful accounts based upon factors surrounding the credit risk of specific customers, historical trends and other information. | |||||||||
One customer, WalMart, accounted for 44% of net sales for the year ended December 31, 2013. Three customers accounted for 28%, 13% and 6% of net sales for the year ended December 31, 2012. | |||||||||
Three customers’ accounts receivable balance accounted for 71%, 15% and 12% of net accounts receivable at December 31, 2013. | |||||||||
Three customers’ accounts receivable balance accounted for 24%, 11% and 8% of net accounts receivable at December 31, 2012. | |||||||||
Allowance for doubtful accounts was $486,000 and $362,000 at December 31, 2013 and December 31, 2012, respectively. Allowance for sales returns and price protection was $265,000 and $508,000 at December 31, 2013 and December 31, 2012, respectively. |
Note_14_Contingencies
Note 14 - Contingencies | 12 Months Ended |
Dec. 31, 2013 | |
Commitments and Contingencies Disclosure [Abstract] | ' |
Commitments and Contingencies Disclosure [Text Block] | ' |
(14) Contingencies | |
The Company procures its products primarily from supply sources based in Asia. Typically, the Company places purchase orders for completed products and takes ownership of the finished inventory upon completion and delivery from its supplier. Occasionally, the Company presents its suppliers with “Letters of Authorization’ for the suppliers to procure long-lead raw components to be used in the manufacture of the Company’s products. These Letters of Authorization indicate the Company’s commitment to utilize the long-lead raw components in production. As of June 30, 2007, based on a change in strategic direction, the Company determined it would not procure certain products for which it had outstanding Letters of Authorization with suppliers. The Company believed it was probable that it would be required to pay suppliers for certain Letter of Authorization commitments and has now settled these obligations. At December 31, 2013, the Company had no contingencies. At December 31, 2012, the Company had estimated and accrued a liability for this contingency in the amount of $80,000. | |
From time to time, the Company is involved in legal proceedings arising in the ordinary course of its business. The Company is not currently a party to any litigation that the Company believes, if determined adversely to it, would have a material adverse effect on its financial condition, results of operations, or cash flows. |
Note_15_Related_Party_Transact
Note 15 - Related Party Transactions | 12 Months Ended |
Dec. 31, 2013 | |
Related Party Transactions [Abstract] | ' |
Related Party Transactions Disclosure [Text Block] | ' |
(15) Related Party Transactions | |
On August 23, 2013 Steel Excel, Inc. completed its previously announced tender offer to acquire up to 1,316,866 of the outstanding shares of the Company’s common stock, representing a 44.7% ownership position in the Company on a fully-diluted basis, at a price of $3.95 per share. The Offer was made pursuant to that Stock Purchase and Sale Agreement, dated as of July 11, 2013 (the “Sale Agreement”), which, together with the transactions contemplated thereby, was unanimously approved by the Board on July 1, 2013. | |
In accordance with the Sale Agreement, the Company reimbursed Steel for all reasonable costs and expenses incurred by Steel in connection with the consummation of the transaction, including such fees and expenses incurred for legal and accounting services. The total reimbursement of $333,000 is included in General and Administrative expenses in the Consolidated Statements of Comprehensive Loss for the year ended December 31, 2013, and also on the face of the Consolidated Balance Sheets within the Accounts Payable caption. | |
On October 10, 2013, the Company entered into a Management Services Agreement (the “Management Services Agreement”) with SP Corporate Services LLC (“SP Corporate”), effective as of October 1, 2013. SP Corporate is an indirect wholly owned subsidiary of Steel Partners Holdings L.P. (“Steel Holdings”). Steel Holdings is deemed to have shared power to vote and dispose of the securities held by the Company’s largest stockholder, Steel, which was the direct owner of 1,316,866 shares of the Company’s common stock as of October 1, 2013, representing approximately 44.7% of the Company’s outstanding shares. | |
The Management Services Agreement provides that the Company will pay SP Corporate a fixed annual fee of $372,000 for (a) the Executive Services (as defined in the Management Services Agreement), including, without limitation, services of an interim President, Chief Executive Officer, Chief Financial Officer and Secretary of the Company and other executive services provided by SP Corporate under the Management Services Agreement, and (b) the Corporate Services (as defined in the Management Services Agreement), including, without limitation, legal, tax, accounting, treasury, consulting, auditing, administrative, compliance, environmental health and safety, human resources, marketing, investor relations and other similar services rendered for the Company or its subsidiaries. The Company paid $124,000 to SP Corporate during the year ended December 31, 2013 for services received during 2013 as provided by the Management Services Agreement. |
Accounting_Policies_by_Policy_
Accounting Policies, by Policy (Policies) | 12 Months Ended |
Dec. 31, 2013 | |
Accounting Policies [Abstract] | ' |
Use of Estimates, Policy [Policy Text Block] | ' |
(a) Use of Estimates | |
The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make a number of estimates and judgments that affect the reported amounts of assets, liabilities, revenues and expenses, and related disclosure of contingent assets and liabilities. On an on-going basis, the Company evaluates its estimates, including those related to bad debt expense, sales returns and price protection, inventories, warranty obligations, and contingencies and litigation. The Company bases its estimates on historical experience and on various other assumptions that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates under different assumptions or conditions. | |
The Company believes its critical accounting policies, consisting of revenue recognition, inventory valuation, deferred tax asset valuation, and goodwill and long-lived asset valuation affect its more significant judgments and estimates used in the preparation of its consolidated financial statements. These policies are discussed below. | |
Consolidation, Policy [Policy Text Block] | ' |
(b) Principles of Consolidation | |
The consolidated financial statements include the accounts of iGo, Inc. and its wholly-owned subsidiaries, Mobility California, Inc., Mobility Idaho, Inc., iGo EMEA Limited, Mobility Texas, Inc., iGo Direct Corporation, Adapt Mobile Limited (“Adapt”), and Aerial7 Industries, Inc. (“Aerial7”). All significant intercompany balances and transactions have been eliminated in the accompanying consolidated financial statements. Certain reclassifications have been made to prior year amounts to conform to the current year presentation. | |
Revenue Recognition, Policy [Policy Text Block] | ' |
(c) Revenue Recognition | |
The Company recognizes net revenue when the earnings process is complete, as evidenced by an agreement with the customer, transfer of title and acceptance, if applicable, as well as fixed pricing and probable collectability. Revenue from product sales is recognized upon shipment and transfer of ownership from the Company or contract manufacturer to the customer, unless the customer has full right of return, in which case revenue is deferred until either the product has sold through to the end user or a reasonable estimate of returns can be made. Allowances for sales returns and credits are provided for in the same period the related sales are recorded. Should the actual return or sales credit rates differ from the Company's estimates, revisions to the estimated allowance for sales returns and credits may be required. | |
Shipping and handling costs are included in cost of revenues. We do not bill customers for freight. | |
Advertising Costs, Policy [Policy Text Block] | ' |
(d) Advertising costs | |
The Company expenses advertising costs as incurred. Advertising costs for the years ended December 31, 2013 and 2012 were $28,431 and $123,016 respectively. | |
Cash and Cash Equivalents, Policy [Policy Text Block] | ' |
(e) Cash and Cash Equivalents | |
All short-term investments purchased with an original maturity of three months or less are considered to be cash equivalents. Cash and cash equivalents include cash on hand and amounts on deposit with financial institutions. | |
Investment, Policy [Policy Text Block] | ' |
(f) Investments | |
Short-term investments that have an original maturity between three months and one year and a remaining maturity of less than one year are classified as available-for-sale. Available-for-sale securities are recorded at fair value and are classified as current assets due to the Company’s intent and practice to hold these readily marketable investments for less than one year. Any unrealized holding gains and losses related to available-for-sale securities are recorded, net of tax, as a separate component of accumulated other comprehensive loss. When a decline in fair value is determined to be other than temporary, unrealized losses on available-for-sale securities are charged against net earnings. Realized gains and losses are accounted for on the specific identification method. | |
Trade and Other Accounts Receivable, Policy [Policy Text Block] | ' |
(g) Accounts Receivable | |
Accounts receivable consist of trade receivables from customers. The Company maintains allowances for doubtful accounts for estimated losses resulting from the inability of the Company's customers to make required payments. The allowance is assessed on a regular basis by management and is based upon management's periodic review of the collectability of the receivables with respect to historical experience. If the financial condition of the Company's customers were to deteriorate, resulting in an impairment of their ability to make payments, additional allowances may be required. The Company also maintains an allowance for sales returns and credits in the amount of the difference between the sales price and the cost of revenue based on management’s periodic review and estimate of returns. Should the actual return or sales credit rates differ from the Company's estimates, revisions to the estimated allowance for sales returns and credits may be required. | |
Inventory, Policy [Policy Text Block] | ' |
(h) Inventories | |
Inventories consist of finished goods and component parts purchased partially and fully assembled for computer accessory items. The Company has all normal risks and rewards of its inventory held by contract manufacturers and outsourced product fulfillment hubs. Inventories are stated at the lower of cost (first-in, first-out method) or market. Inventories include material, labor and overhead costs. Overhead costs are allocated to inventory based on a percentage of material costs. The Company monitors usage reports to determine if the carrying value of any items should be adjusted due to lack of demand for the items. The Company adjusts down the carrying value of inventory for estimated obsolescence or unmarketable inventory equal to the difference between the cost of inventory and the estimated market value based upon assumptions about future demand and market conditions. If actual market conditions are less favorable than those projected by management, additional inventory write-downs may be required. | |
Property, Plant and Equipment, Policy [Policy Text Block] | ' |
(i) Property and Equipment | |
Property and equipment are stated at cost. Depreciation on furniture, fixtures and equipment is provided using the straight-line method over the estimated useful lives of the assets ranging from three to five years. Leasehold improvements are amortized over the shorter of the lease term or estimated useful life. Tooling is capitalized at cost and is depreciated over a two-year period. The Company periodically evaluates the recoverability of property and equipment and takes into account events or circumstances that warrant revised estimates of useful lives or that indicate that an impairment exists. The Company evaluates recoverability by a comparison of the carrying amount of the assets to future projections of undiscounted cash flows expected to be generated by the assets. The estimated future cash flows used are based on our business plans and forecasts, which consider historical results adjusted for future expectations. If future market conditions and the Company’s outlook deteriorate, the Company may be required to record impairment charges in the future. | |
Goodwill and Intangible Assets, Policy [Policy Text Block] | ' |
(j) Intangible Assets | |
Intangible assets include the cost of patents and trademarks, as well as identifiable intangible assets acquired through business combinations including trade names and software technology. Intangible assets are amortized on a straight-line basis over their estimated economic lives of three to ten years. The Company periodically evaluates the recoverability of intangible assets and takes into account events or circumstances that warrant revised estimates of useful lives or that indicate that an impairment exists. The Company evaluates recoverability by a comparison of the carrying amount of the assets to future projections of undiscounted cash flows expected to be generated by the assets. The estimated future cash flows used are based on our business plans and forecasts, which consider historical results adjusted for future expectations. If future market conditions and the Company’s outlook deteriorate, the Company may be required to record impairment charges in the future. The Company’s intangible assets at December 31, 2013 will continue to be utilized upon implementation of the License Agreement and are not considered to be impaired. | |
Goodwill and Intangible Assets, Goodwill, Policy [Policy Text Block] | ' |
(k) Goodwill | |
Goodwill is the excess of the purchase price over the fair value of the net assets acquired. Goodwill is tested for impairment annually as of October 1, or more frequently if indications of impairment arise. | |
Standard Product Warranty, Policy [Policy Text Block] | ' |
(l) Warranty Costs | |
The Company provides limited warranties on certain of its products for periods generally not exceeding three years. The Company accrues for the estimated cost of warranties at the time revenue is recognized. The accrual is based on the Company's actual claim experience. Should actual warranty claim rates, or service delivery costs, differ from our estimates, revisions to the estimated warranty liability would be required. | |
Income Tax, Policy [Policy Text Block] | ' |
(m) Income Taxes | |
The Company utilizes the asset and liability method of accounting for income taxes. Under the asset and liability method, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the year in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. | |
The Company records a valuation allowance to reduce its deferred tax assets to the amount that is more likely than not to be realized. While the Company has considered forecasts of future taxable income and ongoing prudent and feasible tax planning strategies in assessing the need for the valuation allowance, in the event the Company was to determine that it would be able to realize its deferred tax assets in the future in excess of the net recorded amount, an adjustment to the valuation allowance and deferred tax benefit would increase net income in the period such determination was made. | |
Earnings Per Share, Policy [Policy Text Block] | ' |
(n) Net Loss per Common Share | |
Basic loss per share is computed by dividing loss by the weighted-average number of common shares outstanding for the period, as adjusted for the 1-for-12 reverse stock split. Diluted loss per share reflects the potential dilution that could occur if securities or contracts to issue common stock were exercised or converted to common stock or resulted in the issuance of common stock that then shared in the earnings or loss of the Company. For 2013 and 2012, the assumed exercise of outstanding stock options and warrants and the impact of restricted stock units have been excluded from the calculations of diluted net loss per share as their effect is anti-dilutive. | |
Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block] | ' |
(o) Share-based Compensation | |
The Company measures all share-based payments to employees at fair value and records expense in the consolidated statement of operations over the requisite service period (generally the vesting period). | |
Fair Value of Financial Instruments, Policy [Policy Text Block] | ' |
(p) Fair Value of Financial Instruments | |
The Company's financial instruments include cash equivalents, short-term investments, long-term investments, accounts receivable, and accounts payable. Due to the short-term nature of cash equivalents, accounts receivable, and accounts payable, the fair value of these instruments approximates their recorded value. The Company does not have material financial instruments with off-balance sheet risk. | |
Research, Development, and Computer Software, Policy [Policy Text Block] | ' |
(q) Research and Development | |
The cost of research and development is charged to expense as incurred. | |
Foreign Currency Transactions and Translations Policy [Policy Text Block] | ' |
(r) Foreign Currency Translation | |
The financial statements of the Company's foreign subsidiaries are measured using the local currency as the functional currency. Assets and liabilities of these subsidiaries are translated at exchange rates as of the balance sheet date. Revenues and expenses are translated at average rates of exchange in effect during the year. The resulting cumulative translation adjustments have been recorded as comprehensive income (loss), a separate component of stockholders' equity. | |
Segment Reporting, Policy [Policy Text Block] | ' |
(s) Segment Reporting | |
The Company is engaged in the business of selling accessories for computers and mobile electronic devices and operates a single business segment. | |
New Accounting Pronouncements, Policy [Policy Text Block] | ' |
(t) Recently Issued Accounting Pronouncements | |
In July 2013, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update No. 2013-11 (“ASU 2013-11”), Income Taxes (Topic 740): Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists. The update clarifies that an unrecognized tax benefit should be presented in the financial statements as a reduction to a deferred tax asset for a net operating loss carryforward, a similar tax loss, or a tax credit carryforward. In situations where the tax benefit is not available at the reporting date under the governing tax law or if the entity does not intend to use the deferred tax asset for such purpose, the unrecognized tax benefit should be presented as a liability and not combined with deferred tax assets. ASU 2013-11 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2013. The amendment is to be applied to all unrecognized tax benefits that exist as of the effective date and may be applied retrospectively to each prior reporting period presented. While early adoption is permitted, we expect to adopt ASU 2013-11 on January 1, 2014. We do not expect the adoption of these new presentation requirements to have a material impact on our consolidated financial position, results of operations, or cash flows. | |
In July 2012, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update No. 2012-02, "Testing Indefinite-Lived Intangible Assets for Impairment" ("ASU No. 2012-02"), which allows entities to use a qualitative approach to test indefinite-lived intangible assets for impairment. ASU No. 2012-02 permits an entity to first assess qualitative factors to determine whether it is more likely than not that the fair value of the indefinite-lived intangible asset is less than its carrying value. If it is concluded that this is the case, it is necessary to perform the currently prescribed quantitative impairment test. Otherwise, the quantitative impairment test is not required. ASU No. 2012-02 is effective for annual and interim impairment tests performed for fiscal years beginning after September 15, 2012. The Company adopted this guidance for the fiscal year ending December 31, 2013. | |
In February 2013, the FASB issued guidance that requires entities to present information about reclassification adjustments from accumulated other comprehensive income in their financial statements or footnotes. This guidance is effective for fiscal years and interim periods within those years beginning after December 15, 2012. The Company adopted this guidance for the fiscal year ending December 31, 2013. | |
Subsequent Events, Policy [Policy Text Block] | ' |
(u) Subsequent events | |
Subsequent events are events or transactions that occur after the balance sheet date but before financial statements are issued. We recognize in the financial statements the effects of all subsequent events that provide additional evidence about conditions that existed at the date of the balance sheet, including the estimates inherent in the process of preparing the financial statements. Our financial statements do not recognize subsequent events that provide evidence about conditions that did not exist at the date of the balance sheet but arose after the balance sheet date and before financial statements are issued. |
Note_3_Fair_Value_Measurement_
Note 3 - Fair Value Measurement (Tables) | 12 Months Ended | |||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||
Fair Value Disclosures [Abstract] | ' | |||||||||||||||||
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] | ' | |||||||||||||||||
31-Dec-13 | 31-Dec-12 | |||||||||||||||||
Balance Sheet Classification | Investments | Net Intangible Assets | Investments | Net Intangible Assets | ||||||||||||||
Level 1 | $ | - | $ | $ | - | $ | ||||||||||||
Short-term investments * | Level 2 | 2,142 | 2,129 | |||||||||||||||
Level 3 | - | - | ||||||||||||||||
$ | 2,142 | $ | $ | 2,129 | $ | |||||||||||||
Level 1 | $ | $ | $ | - | $ | |||||||||||||
Long-term investments * | Level 2 | 60 | ||||||||||||||||
Level 3 | - | |||||||||||||||||
$ | $ | $ | 60 | $ | ||||||||||||||
Level 1 | $ | $ | $ | $ | - | |||||||||||||
Level 2 | - | |||||||||||||||||
Distribution rights and Technology license ** | Level 3 | 510 | ||||||||||||||||
$ | $ | $ | $ | 510 |
Note_4_Investments_Tables
Note 4 - Investments (Tables) | 12 Months Ended | ||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||
Investments Schedule [Abstract] | ' | ||||||||||||||||||||||||
Available-for-sale Securities [Table Text Block] | ' | ||||||||||||||||||||||||
31-Dec-13 | 31-Dec-12 | ||||||||||||||||||||||||
Amortized Cost | Net Unrealized Holding Gains | Aggregate Fair Value | Amortized Cost | Net Unrealized Holding Gains (Losses) | Aggregate Fair Value | ||||||||||||||||||||
U.S. municipal funds | 2,129 | 13 | 2,142 | 2,110 | 19 | 2,129 | |||||||||||||||||||
$ | 2,129 | $ | 13 | $ | 2,142 | $ | 2,110 | $ | 19 | $ | 2,129 | ||||||||||||||
Schedule of Unrealized Loss on Investments [Table Text Block] | ' | ||||||||||||||||||||||||
31-Dec-13 | 31-Dec-12 | ||||||||||||||||||||||||
Amortized Cost | Net Unrealized Holding Losses | Aggregate Fair Value | Amortized Cost | Net Unrealized Holding Losses | Aggregate Fair Value | ||||||||||||||||||||
Canadian corporate securites: | |||||||||||||||||||||||||
Common Stock | $ | - | * | $ | - | $ | - | $ | 30 | * | $ | - | $ | 30 | |||||||||||
Corporate debenture | - | * | - | - | 30 | * | - | $ | 30 | ||||||||||||||||
$ | - | $ | - | $ | - | $ | 60 | $ | - | $ | 60 |
Note_5_Goodwill_Tables
Note 5 - Goodwill (Tables) | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Disclosure Text Block Supplement [Abstract] | ' | ||||||||||||
Schedule of Goodwill [Table Text Block] | ' | ||||||||||||
Adapt | Aerial7 | Total | |||||||||||
Reported balance at January 1, 2012 | - | 285 | 285 | ||||||||||
Impairment | - | (285 | ) | (285 | ) | ||||||||
Reported balance at December 31 ,2012 | - | - | - | ||||||||||
Reported balance at December 31 ,2013 | - | - | - |
Note_6_Property_and_Equipment_
Note 6 - Property and Equipment (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Property, Plant and Equipment [Abstract] | ' | ||||||||
Property, Plant and Equipment [Table Text Block] | ' | ||||||||
December 31, | |||||||||
2013 | 2012 | ||||||||
Furniture and fixtures | $ | 137 | $ | 492 | |||||
Store, warehouse and related equipment | - | 500 | |||||||
Computer equipment | 2,097 | 3,209 | |||||||
Tooling | 324 | 2,894 | |||||||
Leasehold Improvement | 546 | 546 | |||||||
3,104 | 7,641 | ||||||||
Less accumulated depreciation and amortization | (2,971 | ) | (7,196 | ) | |||||
Property and equipment, net | $ | 133 | $ | 445 |
Note_7_Intangible_Assets_Table
Note 7 - Intangible Assets (Tables) | 12 Months Ended | ||||||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||||||
Disclosure Text Block [Abstract] | ' | ||||||||||||||||||||||||||||
Schedule of Acquired Finite-Lived Intangible Assets by Major Class [Table Text Block] | ' | ||||||||||||||||||||||||||||
31-Dec-13 | 31-Dec-12 | ||||||||||||||||||||||||||||
Average Life (Years) | Gross Intangible Assets | Accumulated Amortization | Net Intangible Assets | Gross Intangible Assets | Accumulated Amortization | Net Intangible Assets | |||||||||||||||||||||||
Intangible assets: | |||||||||||||||||||||||||||||
Patents and trademarks | 3 | $ | 4,183 | $ | (4,034 | ) | $ | 149 | $ | 4,075 | $ | (3,584 | ) | $ | 491 | ||||||||||||||
Trade names | 8 | 442 | (442 | ) | - | 442 | (442 | ) | - | ||||||||||||||||||||
Distribution rights | 5 | - | * | - | - | 375 | (144 | ) | 231 | ||||||||||||||||||||
Technology license | 10 | - | * | - | - | 331 | (52 | ) | 279 | ||||||||||||||||||||
Total intangible assets | $ | 4,625 | $ | (4,476 | ) | $ | 149 | $ | 5,223 | $ | (4,222 | ) | $ | 1,001 | |||||||||||||||
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block] | ' | ||||||||||||||||||||||||||||
Year | Amortization Expense | ||||||||||||||||||||||||||||
2014 | 149 | ||||||||||||||||||||||||||||
2015 | - | ||||||||||||||||||||||||||||
2016 | - | ||||||||||||||||||||||||||||
2017 | - | ||||||||||||||||||||||||||||
2018 | - |
Note_8_Lease_Commitments_Table
Note 8 - Lease Commitments (Tables) | 12 Months Ended | ||||
Dec. 31, 2013 | |||||
Leases [Abstract] | ' | ||||
Schedule of Future Minimum Lease Payments for Capital Leases [Table Text Block] | ' | ||||
2014 | 83 | ||||
2015 | - | ||||
2016 | - | ||||
2017 | - | ||||
2018 | - | ||||
Thereafter | - | ||||
$ | 83 |
Note_9_Income_Taxes_Tables
Note 9 - Income Taxes (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Income Tax Disclosure [Abstract] | ' | ||||||||
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] | ' | ||||||||
Years Ended December 31, | |||||||||
2013 | 2012 | ||||||||
Expected tax at federal statutory rate | $ | (4,273 | ) | $ | (4,028 | ) | |||
State income taxes | (267 | ) | - | ||||||
Non-deductible goodwill and other intangibles | - | 97 | |||||||
Meals, entertainment and other non-deductible expenses | - | 7 | |||||||
Foreign loss not benefitted | 117 | 174 | |||||||
Stock options | 358 | 501 | |||||||
State NOL true-up | 43 | 1,023 | |||||||
Other | (106 | ) | (90 | ) | |||||
Change in deferred tax valuation allowance | 4,128 | 2,316 | |||||||
Income tax (benefit) | $ | - | $ | - | |||||
Schedule of Deferred Tax Assets and Liabilities [Table Text Block] | ' | ||||||||
December 31, | |||||||||
2013 | 2012 | ||||||||
Deferred tax assets: | |||||||||
Net operating loss carryforward for federal income taxes | $ | 62,280 | $ | 58,781 | |||||
Net operating loss carryforward for foreign income taxes | 1,245 | 1,251 | |||||||
Net operating loss carryforward for state income taxes | 2,244 | 2,040 | |||||||
Depreciation and amortization | 1,431 | 1,250 | |||||||
Stock based compensation | - | 158 | |||||||
Accrued liabilities | 511 | 154 | |||||||
Reserves | 136 | 190 | |||||||
Bad debts | 177 | 130 | |||||||
Tax credits | 372 | 372 | |||||||
Inventory obsolescence | 622 | 564 | |||||||
Total gross deferred tax assets | 69,018 | 64,890 | |||||||
Deferred tax liabilities | - | - | |||||||
Net deferred tax assets | 69,018 | 64,890 | |||||||
Less valuation allowance | (69,018 | ) | (64,890 | ) | |||||
Net deferred tax assets | $ | - | $ | - | |||||
Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block] | ' | ||||||||
December 31, | |||||||||
2013 | 2012 | ||||||||
Gross unrecognized tax benefits, beginning of year | 248 | 248 | |||||||
Additions based on tax positions related to the current year | - | - | |||||||
Additions/Subtractions for tax positions of prior years | - | - | |||||||
Reductions for settlements and payments | - | - | |||||||
Reductions due to statute expiration | - | - | |||||||
Gross unrecognized tax benefits, end of year | $ | 248 | $ | 248 |
Note_11_Employee_Benefit_Plans1
Note 11- Employee Benefit Plans (Tables) | 12 Months Ended | ||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ' | ||||||||||||||||||||||||
Schedule of Share-based Compensation, Restricted Stock Units Award Activity [Table Text Block] | ' | ||||||||||||||||||||||||
Directors Plan | Omnibus Plan | Inducement Grants | |||||||||||||||||||||||
Number | Weighted | Number | Weighted | Number | Weighted | ||||||||||||||||||||
Average | Average | Average | |||||||||||||||||||||||
Value per Share | Value per Share | Value per Share | |||||||||||||||||||||||
Outstanding, January 1, 2012 | - | - | 78,346 | 30.12 | 68,750 | 22.56 | |||||||||||||||||||
Granted | - | - | 24,611 | 4.64 | - | - | |||||||||||||||||||
Canceled | - | - | (10,448 | ) | 34.49 | - | - | ||||||||||||||||||
Released to common stock | - | - | (54,222 | ) | 17.5 | (30,903 | ) | 20.16 | |||||||||||||||||
Released for settlement of taxes | - | - | (8,233 | ) | 27.55 | (8,681 | ) | 20.16 | |||||||||||||||||
Outstanding, December 31, 2012 | - | - | 30,054 | 31.2 | 29,166 | 25.8 | |||||||||||||||||||
Granted | - | - | - | - | - | - | |||||||||||||||||||
Canceled | - | - | (5,792 | ) | 30.38 | (5,116 | ) | 23.28 | |||||||||||||||||
Released to common stock | - | - | (19,502 | ) | 30.61 | (23,593 | ) | 21.62 | |||||||||||||||||
Released for settlement of taxes | - | - | (4,760 | ) | 33.38 | (457 | ) | 21.62 | |||||||||||||||||
Outstanding, December 31, 2013 | - | $ | - | - | $ | - | - | $ | - | ||||||||||||||||
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block] | ' | ||||||||||||||||||||||||
Number of Options | Weighted Average Exercise Price | Weighted Average Remaining Contractual Term | Aggregate Intrinsic Value (In Thousands) | ||||||||||||||||||||||
Outstanding, January 1, 2011 | - | $ | - | - | - | ||||||||||||||||||||
Granted | - | $ | - | - | - | ||||||||||||||||||||
Canceled | - | $ | - | - | - | ||||||||||||||||||||
Exercised | - | $ | - | - | - | ||||||||||||||||||||
Outstanding, January 1, 2012 | - | $ | - | - | - | ||||||||||||||||||||
Granted | 153,333 | $ | 9 | 9.29 | - | ||||||||||||||||||||
Canceled | (65,833 | ) | $ | 9 | 9.29 | - | |||||||||||||||||||
Exercised | - | $ | - | - | |||||||||||||||||||||
Outstanding December 31, 2012 | 87,500 | $ | 9 | 9.27 | - | ||||||||||||||||||||
Granted | - | $ | - | - | - | ||||||||||||||||||||
Canceled | (70,833 | ) | $ | 9 | - | - | |||||||||||||||||||
Exercised | - | $ | - | - | |||||||||||||||||||||
Outstanding, December 31, 2013 | 16,667 | $ | 9 | 8.29 | - | ||||||||||||||||||||
Exercisable at December 31, 2013 | 16,667 | $ | 9 | 8.29 | - | ||||||||||||||||||||
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block] | ' | ||||||||||||||||||||||||
Year Ended | |||||||||||||||||||||||||
December 31, | |||||||||||||||||||||||||
2012 | |||||||||||||||||||||||||
Weighted average risk-free interest rate | 1.21 | % | |||||||||||||||||||||||
Expected life of the options (in years) | 6.41 | ||||||||||||||||||||||||
Expected stock price volatility | 76.01 | % | |||||||||||||||||||||||
Expected dividend yield | - |
Note_12_Net_Income_Loss_Per_Sh1
Note 12 - Net Income (Loss) Per Share (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Earnings Per Share [Abstract] | ' | ||||||||
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | ' | ||||||||
Years Ended December 31, | |||||||||
2013 | 2012 | ||||||||
Basic net loss per share computation: | |||||||||
Numerator: | |||||||||
Net loss | $ | (12,566 | ) | $ | (12,024 | ) | |||
Denominator: | |||||||||
Weighted average number of common shares outstanding | 2,921 | 2,852 | |||||||
Basic net loss per share | $ | (4.30 | ) | $ | (4.22 | ) | |||
Diluted net loss per share computation: | |||||||||
Numerator: | |||||||||
Net loss | $ | (12,566 | ) | $ | (12,024 | ) | |||
Denominator: | |||||||||
Weighted average number of common shares outstanding | 2,921 | 2,852 | |||||||
Effect of dilutive stock options, warrants, and restricted stock units | - | - | |||||||
2,921 | 2,852 | ||||||||
Diluted net loss per share | $ | (4.30 | ) | $ | (4.22 | ) | |||
Stock options not included in dilutive net loss per share since anti-dilutive | 17 | 148 | |||||||
Warrants not included in dilutive net loss per share since anti-dilutive | - | 0.4 |
Note_13_Product_Lines_Concentr1
Note 13 - Product Lines, Concentration of Credit Risk and Significant Customers (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Segment Reporting [Abstract] | ' | ||||||||
Schedule of Segment Reporting Information, by Segment [Table Text Block] | ' | ||||||||
Revenue by Product Line | |||||||||
Years Ended December 31, | |||||||||
2013 | 2012 | ||||||||
Power | $ | 13,795 | $ | 24,174 | |||||
Batteries | 1,023 | 2,230 | |||||||
Audio | 1,762 | 2,297 | |||||||
Protection | 230 | 693 | |||||||
Other Accessories | 118 | 482 | |||||||
Total revenues | $ | 16,928 | $ | 29,876 | |||||
Revenue by Geography | |||||||||
Years Ended December 31, | |||||||||
2013 | 2012 | ||||||||
North America | $ | 13,079 | $ | 24,372 | |||||
Europe | 2,815 | 4,537 | |||||||
Asia Pacific | 1,034 | 967 | |||||||
Total revenues | $ | 16,928 | $ | 29,876 | |||||
% Revenue by Route to Market | |||||||||
Years Ended December 31, | |||||||||
2013 | 2012 | ||||||||
Retailers and distributors | 97 | % | 89 | % | |||||
OEM and private-label-resellers | 2 | % | 5 | % | |||||
Other | 1 | % | 6 | % | |||||
100 | % | 100 | % |
Note_1_Nature_of_Business_Deta
Note 1 - Nature of Business (Details) | 1 Months Ended |
Jan. 28, 2013 | |
Disclosure Text Block [Abstract] | ' |
Stockholders' Equity Note, Stock Split, Conversion Ratio | 12 |
Note_2_Summary_of_Significant_1
Note 2 - Summary of Significant Accounting Policies (Details) (USD $) | 1 Months Ended | 12 Months Ended | |
Jan. 28, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | |
Note 2 - Summary of Significant Accounting Policies (Details) [Line Items] | ' | ' | ' |
Advertising Expense (in Dollars) | ' | $28,431 | $123,016 |
Stockholders' Equity Note, Stock Split, Conversion Ratio | 12 | ' | ' |
Furniture and Fixtures [Member] | Minimum [Member] | ' | ' | ' |
Note 2 - Summary of Significant Accounting Policies (Details) [Line Items] | ' | ' | ' |
Property, Plant and Equipment, Estimated Useful Lives | ' | 'three | ' |
Furniture and Fixtures [Member] | Maximum [Member] | ' | ' | ' |
Note 2 - Summary of Significant Accounting Policies (Details) [Line Items] | ' | ' | ' |
Property, Plant and Equipment, Estimated Useful Lives | ' | 'five | ' |
Tooling [Member] | ' | ' | ' |
Note 2 - Summary of Significant Accounting Policies (Details) [Line Items] | ' | ' | ' |
Finite-Lived Intangible Asset, Useful Life | ' | '2 years | ' |
Minimum [Member] | ' | ' | ' |
Note 2 - Summary of Significant Accounting Policies (Details) [Line Items] | ' | ' | ' |
Finite-Lived Intangible Asset, Useful Life | ' | '3 years | ' |
Maximum [Member] | ' | ' | ' |
Note 2 - Summary of Significant Accounting Policies (Details) [Line Items] | ' | ' | ' |
Finite-Lived Intangible Asset, Useful Life | ' | '10 years | ' |
Note_3_Fair_Value_Measurement_1
Note 3 - Fair Value Measurement (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | ||
Fair Value Disclosures [Abstract] | ' | ' | ||
Available-for-sale Securities, Debt Securities, Current | $2,142,000 | [1] | $2,129,000 | [1] |
Long-term Investments | $0 | $60,000 | [1] | |
[1] | Recurring fair value measurement |
Note_3_Fair_Value_Measurement_2
Note 3 - Fair Value Measurement (Details) - Fair Value of Measurement (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | ||
Note 3 - Fair Value Measurement (Details) - Fair Value of Measurement [Line Items] | ' | ' | ||
Short-term investments * | $2,142,000 | [1] | $2,129,000 | [1] |
Long-term investments * | 0 | 60,000 | [1] | |
Distribution rights and Technology license ** | 149,000 | 1,001,000 | ||
Fair Value, Inputs, Level 2 [Member] | ' | ' | ||
Note 3 - Fair Value Measurement (Details) - Fair Value of Measurement [Line Items] | ' | ' | ||
Short-term investments * | 2,142,000 | [1] | 2,129,000 | [1] |
Long-term investments * | ' | 60,000 | [1] | |
Fair Value, Inputs, Level 3 [Member] | Distribution Rights [Member] | ' | ' | ||
Note 3 - Fair Value Measurement (Details) - Fair Value of Measurement [Line Items] | ' | ' | ||
Distribution rights and Technology license ** | ' | 510,000 | [2] | |
Distribution Rights [Member] | ' | ' | ||
Note 3 - Fair Value Measurement (Details) - Fair Value of Measurement [Line Items] | ' | ' | ||
Distribution rights and Technology license ** | ' | $510,000 | [2] | |
[1] | Recurring fair value measurement | |||
[2] | Non- recurring fair value measurement |
Note_4_Investments_Details
Note 4 - Investments (Details) (USD $) | 12 Months Ended | 1 Months Ended | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Jun. 30, 2011 | Dec. 31, 2012 | ||
Pure Energy Visions Corporation [Member] | Pure Energy Visions Corporation [Member] | ||||
Note 4 - Investments (Details) [Line Items] | ' | ' | ' | ' | |
Proceeds from Sale of Available-for-sale Securities | ' | $2,779,000 | ' | ' | |
Gain (Loss) on Sale of Securities, Net | ' | -2,000 | ' | ' | |
Number of Shares Received Due to Investment in Affiliates (in Shares) | ' | ' | 2,142,858 | ' | |
Debt Instrument, Convertible, Conversion Price (in Dollars per share) | ' | ' | $0.29 | ' | |
Repayment Term of Interest Free Convertible Secured Debenture | ' | ' | '1 year | ' | |
Debt Instrument, Convertible, Number of Equity Instruments | ' | ' | 2,142,858 | ' | |
Other than Temporary Impairment Losses, Investments, Portion Recognized in Earnings, Net | 60,000 | 1,166,000 | ' | 1,166,000 | |
Long-term Investments | $0 | $60,000 | [1] | ' | ' |
[1] | Recurring fair value measurement |
Note_4_Investments_Details_Sum
Note 4 - Investments (Details) - Summary of Short-Term Major Security-Type Investments (USD $) | 12 Months Ended | |||
Dec. 31, 2013 | Dec. 31, 2012 | |||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ||
Amortized Cost | $2,129,000 | $2,110,000 | ||
Net Unrealized Holding Gains | 13,000 | 19,000 | ||
Aggregate Fair Value | 2,142,000 | [1] | 2,129,000 | [1] |
US Municipal Funds [Member] | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ||
Amortized Cost | 2,129,000 | 2,110,000 | ||
Net Unrealized Holding Gains | 13,000 | 19,000 | ||
Aggregate Fair Value | $2,142,000 | $2,129,000 | ||
[1] | Recurring fair value measurement |
Note_4_Investments_Details_Sum1
Note 4 - Investments (Details) - Summary of Long-Term Major Security-Type Investments (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | ||
Canadian corporate securites: | ' | ' | ||
Amortized Cost | ' | $60,000 | ||
Aggregate Fair Value | 0 | 60,000 | [1] | |
Corporate Debt Securities [Member] | ' | ' | ||
Canadian corporate securites: | ' | ' | ||
Amortized Cost | ' | [2] | 30,000 | |
Aggregate Fair Value | ' | 30,000 | ||
Common Stock [Member] | ' | ' | ||
Canadian corporate securites: | ' | ' | ||
Amortized Cost | ' | [2] | 30,000 | |
Aggregate Fair Value | ' | $30,000 | ||
[1] | Recurring fair value measurement | |||
[2] | Reflects amortized cost adjusted to fair value at December 31, 2013 and December 31, 2012, respectively, as the Company concluded the unrealized holdings losses on these securities represented other-than-temporary declines in fair value. |
Note_5_Goodwill_Details
Note 5 - Goodwill (Details) (USD $) | 3 Months Ended | 12 Months Ended |
Dec. 31, 2012 | Dec. 31, 2012 | |
Disclosure Text Block Supplement [Abstract] | ' | ' |
Goodwill, Impairment Loss | $285,000 | $285,000 |
Note_5_Goodwill_Details_Summar
Note 5 - Goodwill (Details) - Summary of Goodwill (USD $) | 3 Months Ended | 12 Months Ended |
Dec. 31, 2012 | Dec. 31, 2012 | |
Goodwill [Line Items] | ' | ' |
Reported balance | ' | $285,000 |
Impairment | -285,000 | -285,000 |
Aerial7 [Member] | ' | ' |
Goodwill [Line Items] | ' | ' |
Reported balance | ' | 285,000 |
Impairment | ' | ($285,000) |
Note_6_Property_and_Equipment_1
Note 6 - Property and Equipment (Details) (USD $) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
Property, Plant and Equipment [Abstract] | ' | ' |
Depreciation, Depletion and Amortization, Nonproduction | $288,000 | $421,000 |
Note_6_Property_and_Equipment_2
Note 6 - Property and Equipment (Details) - Summary of Property and Equipment (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Property, Plant and Equipment [Line Items] | ' | ' |
Property and equipment, gross | $3,104 | $7,641 |
Less accumulated depreciation and amortization | -2,971 | -7,196 |
Property and equipment, net | 133 | 445 |
Furniture and Fixtures [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Property and equipment, gross | 137 | 492 |
Equipment [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Property and equipment, gross | ' | 500 |
Computer Equipment [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Property and equipment, gross | 2,097 | 3,209 |
Tooling [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Property and equipment, gross | 324 | 2,894 |
Leasehold Improvements [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Property and equipment, gross | $546 | $546 |
Note_7_Intangible_Assets_Detai
Note 7 - Intangible Assets (Details) (USD $) | 12 Months Ended | 3 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2012 | Jun. 30, 2013 | |
Aerial7 [Member] | Pure Energy Visions [Member] | |||
Note 7 - Intangible Assets (Details) [Line Items] | ' | ' | ' | ' |
Impairment of Intangible Assets, Finite-lived | $456,000 | $1,158,000 | $1,158,000 | ' |
Finite-Lived Intangible Assets, Accumulated Amortization | 4,476,000 | 4,222,000 | 1,002,000 | ' |
Finite-Lived Intangible Assets, Gross | 4,625,000 | 5,223,000 | ' | 456,000 |
Amortization of Intangible Assets | $504,000 | $1,253,000 | ' | ' |
Note_7_Intangible_Assets_Detai1
Note 7 - Intangible Assets (Details) - Summary of Intangible Assets (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | ||
Intangible assets: | ' | ' | |
Gross Intangible Assets | $4,625,000 | $5,223,000 | |
Accumulated Amortization | -4,476,000 | -4,222,000 | |
Net Intangible Assets | 149,000 | 1,001,000 | |
Patents and Trademarks [Member] | ' | ' | |
Intangible assets: | ' | ' | |
Average Life (Years) | '3 years | ' | |
Gross Intangible Assets | 4,183,000 | 4,075,000 | |
Accumulated Amortization | -4,034,000 | -3,584,000 | |
Net Intangible Assets | 149,000 | 491,000 | |
Trade Names [Member] | ' | ' | |
Intangible assets: | ' | ' | |
Average Life (Years) | '8 years | ' | |
Gross Intangible Assets | 442,000 | 442,000 | |
Accumulated Amortization | -442,000 | -442,000 | |
Distribution Rights [Member] | ' | ' | |
Intangible assets: | ' | ' | |
Average Life (Years) | '5 years | ' | |
Gross Intangible Assets | ' | [1] | 375,000 |
Accumulated Amortization | ' | -144,000 | |
Net Intangible Assets | ' | 231,000 | |
Licensing Agreements [Member] | ' | ' | |
Intangible assets: | ' | ' | |
Average Life (Years) | '10 years | ' | |
Gross Intangible Assets | ' | [1] | 331,000 |
Accumulated Amortization | ' | -52,000 | |
Net Intangible Assets | ' | $279,000 | |
[1] | Reflects intangible assets adjusted to fair value as at December 31, 2013, as the company concluded, during the third quarter of 2013, the intangible assets associated with its investment in Pure Energy Vision were fully impaired. |
Note_7_Intangible_Assets_Detai2
Note 7 - Intangible Assets (Details) - Summary of Amortization Expense for Identifiable Intangible Assets (USD $) | Dec. 31, 2013 |
In Thousands, unless otherwise specified | |
Summary of Amortization Expense for Identifiable Intangible Assets [Abstract] | ' |
2014 | $149 |
Note_8_Lease_Commitments_Detai
Note 8 - Lease Commitments (Details) (USD $) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
Leases [Abstract] | ' | ' |
Operating Leases, Rent Expense | $483,000 | $558,000 |
Note_8_Lease_Commitments_Detai1
Note 8 - Lease Commitments (Details) - Future Minimum Payments of Lease Commitments (USD $) | Dec. 31, 2013 |
In Thousands, unless otherwise specified | |
Future Minimum Payments of Lease Commitments [Abstract] | ' |
2014 | $83 |
$83 |
Note_9_Income_Taxes_Details
Note 9 - Income Taxes (Details) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Note 9 - Income Taxes (Details) [Line Items] | ' | ' | ' |
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent | 34.00% | 34.00% | ' |
Deferred Tax Assets, Valuation Allowance | $69,018,000 | $64,890,000 | ' |
Valuation Allowance, Deferred Tax Asset, Change in Amount | 4,128,000 | ' | ' |
Unrecognized Tax Benefits Resulting in Net Operating Loss Carryforward | 839,000 | ' | ' |
Increase In Additional Paid In Capital From UnrecognizedTax Benefits If Realized | 306,000 | ' | ' |
Unrecognized Tax Benefits | 248,000 | 248,000 | 248,000 |
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued | 0 | ' | ' |
Internal Revenue Service (IRS) [Member] | ' | ' | ' |
Note 9 - Income Taxes (Details) [Line Items] | ' | ' | ' |
Operating Loss Carryforwards | 184,017,000 | ' | ' |
State and Local Jurisdiction [Member] | ' | ' | ' |
Note 9 - Income Taxes (Details) [Line Items] | ' | ' | ' |
Operating Loss Carryforwards | 41,470,000 | ' | ' |
Foreign Tax Authority [Member] | ' | ' | ' |
Note 9 - Income Taxes (Details) [Line Items] | ' | ' | ' |
Operating Loss Carryforwards | $5,411,000 | ' | ' |
Note_9_Income_Taxes_Details_In
Note 9 - Income Taxes (Details) - Income Tax Rate Reconciliation (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Income Tax Rate Reconciliation [Abstract] | ' | ' |
Expected tax at federal statutory rate | ($4,273) | ($4,028) |
State income taxes | -267 | ' |
Non-deductible goodwill and other intangibles | ' | 97 |
Meals, entertainment and other non-deductible expenses | ' | 7 |
Foreign loss not benefitted | 117 | 174 |
Stock options | 358 | 501 |
State NOL true-up | 43 | 1,023 |
Other | -106 | -90 |
Change in deferred tax valuation allowance | 4,128 | 2,316 |
Income tax (benefit) | $0 | $0 |
Note_9_Income_Taxes_Details_Su
Note 9 - Income Taxes (Details) - Summary of Deferred Tax Assets and Liabilities (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
Summary of Deferred Tax Assets and Liabilities [Abstract] | ' | ' |
Net operating loss carryforward for federal income taxes | $62,280,000 | $58,781,000 |
Net operating loss carryforward for foreign income taxes | 1,245,000 | 1,251,000 |
Net operating loss carryforward for state income taxes | 2,244,000 | 2,040,000 |
Depreciation and amortization | 1,431,000 | 1,250,000 |
Stock based compensation | ' | 158,000 |
Accrued liabilities | 511,000 | 154,000 |
Reserves | 136,000 | 190,000 |
Bad debts | 177,000 | 130,000 |
Tax credits | 372,000 | 372,000 |
Inventory obsolescence | 622,000 | 564,000 |
Total gross deferred tax assets | 69,018,000 | 64,890,000 |
Deferred tax liabilities | 0 | 0 |
Net deferred tax assets | 69,018,000 | 64,890,000 |
Less valuation allowance | -69,018,000 | -64,890,000 |
Net deferred tax assets | $0 | $0 |
Note_9_Income_Taxes_Details_Un
Note 9 - Income Taxes (Details) - Unrecognized Tax Benefit Reconciliation (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Unrecognized Tax Benefit Reconciliation [Abstract] | ' | ' | ' |
Gross unrecognized tax benefits, beginning of year | $248,000 | $248,000 | $248,000 |
Gross unrecognized tax benefits, end of year | $248,000 | $248,000 | $248,000 |
Note_11_Employee_Benefit_Plans2
Note 11- Employee Benefit Plans (Details) (USD $) | 1 Months Ended | 12 Months Ended | 3 Months Ended | 12 Months Ended | 48 Months Ended | 0 Months Ended | 12 Months Ended | 48 Months Ended | 12 Months Ended | 0 Months Ended | 1 Months Ended | 12 Months Ended | 1 Months Ended | 12 Months Ended | 12 Months Ended | 1 Months Ended | 3 Months Ended | 0 Months Ended | |||||||||||||||||||||||
Jun. 30, 2013 | Jan. 28, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Mar. 19, 2012 | Mar. 19, 2011 | Mar. 19, 2010 | Mar. 19, 2009 | Mar. 19, 2012 | Jun. 11, 2007 | Jun. 11, 2011 | Jun. 11, 2010 | Jun. 11, 2009 | Jun. 11, 2008 | Jun. 11, 2011 | Dec. 31, 2013 | Aug. 06, 2013 | Aug. 06, 2012 | Aug. 06, 2011 | Aug. 06, 2010 | Oct. 07, 2010 | Aug. 23, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Aug. 23, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Jun. 30, 2013 | Dec. 31, 2011 | Dec. 31, 2011 | Aug. 23, 2013 | Sep. 30, 2013 | Aug. 06, 2010 | Oct. 07, 2010 | |
Business Acquisition [Member] | Restricted Stock Units (RSUs) [Member] | Restricted Stock Units (RSUs) [Member] | Restricted Stock Units (RSUs) [Member] | Restricted Stock Units (RSUs) [Member] | Restricted Stock Units (RSUs) [Member] | Restricted Stock Units (RSUs) [Member] | Restricted Stock Units (RSUs) [Member] | Restricted Stock Units (RSUs) [Member] | Restricted Stock Units (RSUs) [Member] | Restricted Stock Units (RSUs) [Member] | Restricted Stock Units (RSUs) [Member] | Restricted Stock Units (RSUs) [Member] | Restricted Stock Units (RSUs) [Member] | Restricted Stock Units (RSUs) [Member] | Restricted Stock Units (RSUs) [Member] | Restricted Stock Units (RSUs) [Member] | Restricted Stock Units (RSUs) [Member] | Restricted Stock Units (RSUs) [Member] | Restricted Stock Units (RSUs) [Member] | Restricted Stock Units (RSUs) [Member] | Restricted Stock Units (RSUs) [Member] | Restricted Stock Units (RSUs) [Member] | Restricted Stock Units (RSUs) [Member] | Restricted Stock Units (RSUs) [Member] | Restricted Stock Units (RSUs) [Member] | Employee Stock Option [Member] | Employee Stock Option [Member] | Employee Stock Option [Member] | Employee Stock Option [Member] | Series H Junior Participating Preferred Stock [Member] | Omnibus Plan [Member] | Directors Plan [Member] | Steel Excel Inc. [Member] | Steel Excel Inc. [Member] | Employee [Member] | Employee [Member] | |||||
Omnibus Plan [Member] | Omnibus Plan [Member] | Omnibus Plan [Member] | Omnibus Plan [Member] | Directors Plan [Member] | Inducement Grants [Member] | Inducement Grants [Member] | Inducement Grants [Member] | Inducement Grants [Member] | Inducement Grants [Member] | Inducement Grants [Member] | Inducement Grants [Member] | Inducement Grants [Member] | Inducement Grants [Member] | Inducement Grants [Member] | Inducement Grants [Member] | Board of Directors Chairman [Member] | Adapt [Member] | Adapt [Member] | Adapt [Member] | Adapt [Member] | Aerial7 [Member] | Omnibus Plan [Member] | Maximum [Member] | Adapt [Member] | Aerial7 [Member] | ||||||||||||||||
Board Member [Member] | Minimum [Member] | Maximum [Member] | Board Member [Member] | Chief Executive Officer [Member] | Chief Executive Officer [Member] | Chief Executive Officer [Member] | Chief Executive Officer [Member] | Chief Executive Officer [Member] | Chief Executive Officer [Member] | Chief Executive Officer [Member] | Chief Executive Officer [Member] | Chief Executive Officer [Member] | Chief Executive Officer [Member] | Chief Executive Officer [Member] | |||||||||||||||||||||||||||
Employee [Member] | Employee [Member] | Time-based Vesting [Member] | Time-based Vesting [Member] | Time-based Vesting [Member] | Time-based Vesting [Member] | Time-based Vesting [Member] | |||||||||||||||||||||||||||||||||||
Note 11- Employee Benefit Plans (Details) [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Defined Contribution Plan, Employer Discretionary Contribution Amount (in Dollars) | ' | ' | $13,000 | $134,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Share-Based Compensation Arrangement by Share-Based Payment Award, Increase in Number of Shares Available for Grant | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 250,000 | ' | ' | ' | ' | ' |
Stockholders' Equity, Reverse Stock Split | ' | '1-for-12 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 232,832 | ' | ' | ' | ' | 445,833 | 33,333 | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | ' | ' | ' | ' | ' | '3 years | ' | '3 years | '4 years | '3 years | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '3 years 6 months | ' | ' | ' | ' | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage | ' | ' | ' | ' | ' | ' | ' | ' | ' | 100.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 100.00% | 34.00% | 33.00% | 33.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | ' | ' | ' | ' | ' | ' | 24,611 | ' | ' | ' | ' | ' | ' | ' | ' | 83,333 | ' | ' | ' | ' | ' | ' | ' | ' | ' | 16,667 | 12,500 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 41,667 | ' | ' | ' | ' | ' | 41,667 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other Than Options, Vested in Increments Per Year | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 10,417 | 10,417 | 10,417 | 10,417 | ' | ' | 10,417 | 10,417 | 10,417 | 10,417 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Employment Agreement Term | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '1 year | '3 years |
Number of Key Employees Participated in Employment Agreement | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3 | 3 |
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other Than Options, Equal Annual Installment of Vesting | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4,167 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Tender Offer To Acquire Outstanding Shares Amount | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,316,866 | 1,316,866 | ' | ' |
Ownership Position From Tender Offer Percentage | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 44.70% | 44.70% | ' | ' |
Tender Offer Price Per Share (in Dollars per share) | ' | ' | ' | ' | $3.95 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $3.95 | ' | ' | ' |
Allocated Share-based Compensation Expense (in Dollars) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 255,000 | ' | ' | ' | 219,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Share-based Compensation (in Dollars) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 758,000 | 1,534,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '6 years | ' | ' | ' | ' | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross | ' | ' | ' | 153,333 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 153,333 | ' | ' | ' | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Intrinsic Value (in Dollars) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | ' | ' | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value (in Dollars per share) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $0.51 | ' | ' | ' | ' | ' | ' | ' |
Dividend Declared, Number of Preferred Share Purchase Right for Each Outstanding Share of Common Stock | 1 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Common Stock, Par or Stated Value Per Share (in Dollars per share) | $0.01 | ' | $0.01 | $0.01 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Percentage Of Ownership Shares To Be Approved By Board Minimun | 4.90% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Additional Shares To Be Acquired By Current Holder Percentage | 1.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Preferred Stock, Par or Stated Value Per Share (in Dollars per share) | $0.01 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Preferred Stock Purchase Price (in Dollars) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 6.75 | ' | ' | ' | ' | ' | ' |
Preferred Stock, Redemption Price Per Share (in Dollars per share) | $0.01 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Preferred Stock Dividend Payable Per Share When Declared (in Dollars per share) | $10 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Minimum Preferential Payment For Preferred Stock Holders (in Dollars) | $1,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Preferred Stock, Shares Authorized | ' | ' | 15,000,000 | 15,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Note_11_Employee_Benefit_Plans3
Note 11- Employee Benefit Plans (Details) - Summary of Restricted Stock Units Activity (Restricted Stock Units (RSUs) [Member], USD $) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
Omnibus Plan [Member] | ' | ' |
Note 11- Employee Benefit Plans (Details) - Summary of Restricted Stock Units Activity [Line Items] | ' | ' |
Balance Outstanding - Number | 30,054 | 78,346 |
Balance Outstanding - Weighted Average Value per Share | $31.20 | $30.12 |
Granted - Number | ' | 24,611 |
Granted - Weighted Average Value per Share | ' | $4.64 |
Canceled - Number | -5,792 | -10,448 |
Canceled - Weighted Average Value per Share | $30.38 | $34.49 |
Released to common stock - Number | -19,502 | -54,222 |
Released to common stock - Weighted Average Value per Share | $30.61 | $17.50 |
Released for settlement of taxes - Number | -4,760 | -8,233 |
Released for settlement of taxes - Weighted Average Value per Share | $33.38 | $27.55 |
Balance Outstanding - Number | ' | 30,054 |
Balance Outstanding - Weighted Average Value per Share | ' | $31.20 |
Inducement Grants [Member] | ' | ' |
Note 11- Employee Benefit Plans (Details) - Summary of Restricted Stock Units Activity [Line Items] | ' | ' |
Balance Outstanding - Number | 29,166 | 68,750 |
Balance Outstanding - Weighted Average Value per Share | $25.80 | $22.56 |
Canceled - Number | -5,116 | ' |
Canceled - Weighted Average Value per Share | $23.28 | ' |
Released to common stock - Number | -23,593 | -30,903 |
Released to common stock - Weighted Average Value per Share | $21.62 | $20.16 |
Released for settlement of taxes - Number | -457 | -8,681 |
Released for settlement of taxes - Weighted Average Value per Share | $21.62 | $20.16 |
Balance Outstanding - Number | ' | 29,166 |
Balance Outstanding - Weighted Average Value per Share | ' | $25.80 |
Note_11_Employee_Benefit_Plans4
Note 11- Employee Benefit Plans (Details) - Summary of Stock Option Unit Activity (USD $) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
Summary of Stock Option Unit Activity [Abstract] | ' | ' |
Number of Options | 87,500 | ' |
Weighted Average Exercise Price | $9 | ' |
Weighted Average Contractual Term | '8 years 105 days | '9 years 98 days |
Exercisable at December 31, 2013 | 16,667 | ' |
Exercisable at December 31, 2013 | $9 | ' |
Exercisable at December 31, 2013 | '8 years 105 days | ' |
Number of Options, Granted | ' | 153,333 |
Weighted Average Exercise Price, Granted | ' | $9 |
Weighted Average Contractual Term, Granted | ' | '9 years 105 days |
Number of Options, Canceled | -70,833 | -65,833 |
Weighted Average Exercise Price, Canceled | $9 | $9 |
Weighted Average Contractual Term, Canceled | ' | '9 years 105 days |
Number of Options | 16,667 | 87,500 |
Weighted Average Exercise Price | $9 | $9 |
Note_11_Employee_Benefit_Plans5
Note 11- Employee Benefit Plans (Details) - Black-Scholes Valuation Model | 12 Months Ended |
Dec. 31, 2012 | |
Black-Scholes Valuation Model [Abstract] | ' |
Weighted average risk-free interest rate | 1.21% |
Expected life of the options (in years) | '6 years 149 days |
Expected stock price volatility | 76.01% |
Note_12_Net_Income_Loss_Per_Sh2
Note 12 - Net Income (Loss) Per Share (Details) - Computation of Basic and Diluted Net Loss Per Share (USD $) | 12 Months Ended | |
In Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Numerator: | ' | ' |
Net income (loss) (in Dollars) | ($12,566) | ($12,024) |
Denominator: | ' | ' |
Weighted average number of common shares outstanding, basic | 2,921 | 2,852 |
Basic net loss per share (in Dollars per share) | ($4.30) | ($4.22) |
Diluted net loss per share computation: | ' | ' |
2,921 | 2,852 | |
Diluted net loss per share (in Dollars per share) | ($4.30) | ($4.22) |
Stock options not included in dilutive net loss per share since anti-dilutive | 17 | 148 |
Warrants not included in dilutive net loss per share since anti-dilutive (in Dollars per share) | ' | $0.40 |
Note_13_Product_Lines_Concentr2
Note 13 - Product Lines, Concentration of Credit Risk and Significant Customers (Details) (USD $) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
Note 13 - Product Lines, Concentration of Credit Risk and Significant Customers (Details) [Line Items] | ' | ' |
Number Of Product Lines | 4 | ' |
Specified Insurance Coverage Limit (in Dollars) | 250,000 | ' |
Allowance for Doubtful Accounts Receivable, Current (in Dollars) | 486,000 | 362,000 |
Allowance For Sales Return And Price Protection (in Dollars) | 265,000 | 508,000 |
Walmart [Member] | Customer Concentration Risk [Member] | Sales Revenue, Net [Member] | ' | ' |
Note 13 - Product Lines, Concentration of Credit Risk and Significant Customers (Details) [Line Items] | ' | ' |
Concentration Risk, Percentage | 44.00% | ' |
Customer One [Member] | Customer Concentration Risk [Member] | Sales Revenue, Net [Member] | ' | ' |
Note 13 - Product Lines, Concentration of Credit Risk and Significant Customers (Details) [Line Items] | ' | ' |
Concentration Risk, Percentage | ' | 28.00% |
Customer One [Member] | Customer Concentration Risk [Member] | Accounts Receivable [Member] | ' | ' |
Note 13 - Product Lines, Concentration of Credit Risk and Significant Customers (Details) [Line Items] | ' | ' |
Concentration Risk, Percentage | 71.00% | 24.00% |
Customer Two [Member] | Customer Concentration Risk [Member] | Sales Revenue, Net [Member] | ' | ' |
Note 13 - Product Lines, Concentration of Credit Risk and Significant Customers (Details) [Line Items] | ' | ' |
Concentration Risk, Percentage | ' | 13.00% |
Customer Two [Member] | Customer Concentration Risk [Member] | Accounts Receivable [Member] | ' | ' |
Note 13 - Product Lines, Concentration of Credit Risk and Significant Customers (Details) [Line Items] | ' | ' |
Concentration Risk, Percentage | 15.00% | 11.00% |
Customer Three [Member] | Customer Concentration Risk [Member] | Sales Revenue, Net [Member] | ' | ' |
Note 13 - Product Lines, Concentration of Credit Risk and Significant Customers (Details) [Line Items] | ' | ' |
Concentration Risk, Percentage | ' | 6.00% |
Customer Three [Member] | Customer Concentration Risk [Member] | Accounts Receivable [Member] | ' | ' |
Note 13 - Product Lines, Concentration of Credit Risk and Significant Customers (Details) [Line Items] | ' | ' |
Concentration Risk, Percentage | 12.00% | 8.00% |
Customer Concentration Risk [Member] | Sales Revenue, Net [Member] | ' | ' |
Note 13 - Product Lines, Concentration of Credit Risk and Significant Customers (Details) [Line Items] | ' | ' |
Concentration Risk, Percentage | 100.00% | 100.00% |
Note_13_Product_Lines_Concentr3
Note 13 - Product Lines, Concentration of Credit Risk and Significant Customers (Details) - Summary of Revenue by Product Line and Geography (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Segment Reporting Information [Line Items] | ' | ' |
Total Revenue | $16,928 | $29,876 |
Retailers and Distributors [Member] | Customer Concentration Risk [Member] | Sales Revenue, Net [Member] | ' | ' |
Segment Reporting Information [Line Items] | ' | ' |
Percent of Total Revenue | 97.00% | 89.00% |
OEM and private-label-resellers [Member] | Customer Concentration Risk [Member] | Sales Revenue, Net [Member] | ' | ' |
Segment Reporting Information [Line Items] | ' | ' |
Percent of Total Revenue | 2.00% | 5.00% |
Other Distributors [Member] | Customer Concentration Risk [Member] | Sales Revenue, Net [Member] | ' | ' |
Segment Reporting Information [Line Items] | ' | ' |
Percent of Total Revenue | 1.00% | 6.00% |
Operating Segments [Member] | Power [Member] | ' | ' |
Segment Reporting Information [Line Items] | ' | ' |
Total Revenue | 13,795 | 24,174 |
Operating Segments [Member] | Batteries [Member] | ' | ' |
Segment Reporting Information [Line Items] | ' | ' |
Total Revenue | 1,023 | 2,230 |
Operating Segments [Member] | Audio [Member] | ' | ' |
Segment Reporting Information [Line Items] | ' | ' |
Total Revenue | 1,762 | 2,297 |
Operating Segments [Member] | Protection [Member] | ' | ' |
Segment Reporting Information [Line Items] | ' | ' |
Total Revenue | 230 | 693 |
Operating Segments [Member] | Other Accessories [Member] | ' | ' |
Segment Reporting Information [Line Items] | ' | ' |
Total Revenue | 118 | 482 |
Reportable Geographical Components [Member] | North America [Member] | ' | ' |
Segment Reporting Information [Line Items] | ' | ' |
Total Revenue | 13,079 | 24,372 |
Reportable Geographical Components [Member] | Europe [Member] | ' | ' |
Segment Reporting Information [Line Items] | ' | ' |
Total Revenue | 2,815 | 4,537 |
Reportable Geographical Components [Member] | Asia Pacific [Member] | ' | ' |
Segment Reporting Information [Line Items] | ' | ' |
Total Revenue | $1,034 | $967 |
Customer Concentration Risk [Member] | Sales Revenue, Net [Member] | ' | ' |
Segment Reporting Information [Line Items] | ' | ' |
Percent of Total Revenue | 100.00% | 100.00% |
Note_14_Contingencies_Details
Note 14 - Contingencies (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
Commitments and Contingencies Disclosure [Abstract] | ' | ' |
Loss Contingency Accrual | $0 | $80,000 |
Note_15_Related_Party_Transact1
Note 15 - Related Party Transactions (Details) (USD $) | 1 Months Ended | 12 Months Ended | 1 Months Ended |
Aug. 23, 2013 | Dec. 31, 2013 | Aug. 23, 2013 | |
General and Administrative Expense [Member] | SP Corporate [Member] | Steel Excel Inc. [Member] | |
Steel Excel Inc. [Member] | |||
Note 15 - Related Party Transactions (Details) [Line Items] | ' | ' | ' |
Tender Offer To Acquire Outstanding Shares Amount (in Shares) | ' | ' | 1,316,866 |
Ownership Position From Tender Offer Percentage | ' | ' | 44.70% |
Tender Offer Price Per Share (in Dollars per share) | ' | ' | $3.95 |
Related Party Transaction, Amounts of Transaction | $333,000 | ' | ' |
Management Service Annual Agreement | ' | 372,000 | ' |
Professional Fees | ' | $124,000 | ' |