Document And Entity Information
Document And Entity Information - shares | 9 Months Ended | |
Sep. 30, 2016 | Nov. 14, 2016 | |
Document Information [Line Items] | ||
Document Type | 10-Q | |
Amendment Flag | false | |
Document Period End Date | Sep. 30, 2016 | |
Document Fiscal Year Focus | 2,016 | |
Document Fiscal Period Focus | Q3 | |
Entity Registrant Name | CLEARSIGN COMBUSTION CORP | |
Entity Central Index Key | 1,434,524 | |
Current Fiscal Year End Date | --12-31 | |
Entity Filer Category | Smaller Reporting Company | |
Trading Symbol | CLIR | |
Entity Common Stock, Shares Outstanding | 12,970,410 |
Condensed Balance Sheets
Condensed Balance Sheets - USD ($) | Sep. 30, 2016 | Dec. 31, 2015 |
Current Assets: | ||
Cash and cash equivalents | $ 3,558,000 | $ 10,985,000 |
Prepaid expenses | 490,000 | 203,000 |
Costs on uncompleted contracts in excess of billings | 144,000 | 0 |
Total current assets | 4,192,000 | 11,188,000 |
Fixed assets, net | 207,000 | 123,000 |
Patents and other intangible assets, net | 1,697,000 | 2,881,000 |
Other assets | 10,000 | 10,000 |
Total Assets | 6,106,000 | 14,202,000 |
Current Liabilities: | ||
Accounts payable and accrued liabilities | 584,000 | 495,000 |
Accrued compensation and taxes | 849,000 | 1,109,000 |
Deferred rent | 7,000 | 20,000 |
Billings on uncompleted contracts in excess of costs | 318,000 | 0 |
Total current liabilities | 1,758,000 | 1,624,000 |
Commitments | ||
Stockholders' Equity: | ||
Preferred stock, $0.0001 par value, zero shares issued and outstanding | 0 | 0 |
Common stock, $0.0001 par value, 12,970,410 and 12,868,943 shares issued and outstanding at September 30, 2016 and December 31, 2015, respectively | 1,000 | 1,000 |
Additional paid-in capital | 42,371,000 | 41,735,000 |
Accumulated deficit | (38,024,000) | (29,158,000) |
Total stockholders' equity | 4,348,000 | 12,578,000 |
Total Liabilities and Stockholders' Equity | $ 6,106,000 | $ 14,202,000 |
Condensed Balance Sheets _Paren
Condensed Balance Sheets [Parenthetical] - $ / shares | Sep. 30, 2016 | Dec. 31, 2015 |
Preferred stock, par value (in dollars per share) | $ 0.0001 | $ 0.0001 |
Preferred stock, shares issued | 0 | 0 |
Preferred stock, shares outstanding | 0 | 0 |
Common stock, par value (in dollars per share) | $ 0.0001 | $ 0.0001 |
Common stock, shares issued | 12,970,410 | 12,868,943 |
Common stock, shares outstanding | 12,970,410 | 12,868,943 |
Condensed Statements of Operati
Condensed Statements of Operations - USD ($) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2016 | Sep. 30, 2015 | Sep. 30, 2016 | Sep. 30, 2015 | |
Sales | $ 260,000 | $ 0 | $ 260,000 | $ 0 |
Cost of Sales | 47,000 | 0 | 47,000 | 0 |
Gross profit | 213,000 | 0 | 213,000 | 0 |
Operating expenses: | ||||
Research and development | 1,226,000 | 815,000 | 3,767,000 | 2,102,000 |
General and administrative | 2,840,000 | 1,154,000 | 5,342,000 | 3,269,000 |
Total operating expenses | 4,066,000 | 1,969,000 | 9,109,000 | 5,371,000 |
Loss from operations | (3,853,000) | (1,969,000) | (8,896,000) | (5,371,000) |
Other income: | ||||
Interest income | 7,000 | 8,000 | 30,000 | 31,000 |
Net Loss | $ (3,846,000) | $ (1,961,000) | $ (8,866,000) | $ (5,340,000) |
Net Loss per share - basic and fully diluted | $ (0.30) | $ (0.15) | $ (0.69) | $ (0.43) |
Weighted average number of shares outstanding - basic and fully diluted | 12,957,029 | 12,811,313 | 12,914,665 | 12,330,082 |
Condensed Statement of Stockhol
Condensed Statement of Stockholders' Equity - 9 months ended Sep. 30, 2016 - USD ($) | Total | Common Stock [Member] | Additional Paid-in Capital [Member] | Accumulated Deficit [Member] |
Balances at Dec. 31, 2015 | $ 12,578,000 | $ 1,000 | $ 41,735,000 | $ (29,158,000) |
Balances (in shares) at Dec. 31, 2015 | 12,868,943 | |||
Shares issued for services ($3.40 per share) | 112,000 | $ 0 | 112,000 | 0 |
Shares issued for services ($3.40 per share) (in shares) | 33,084 | |||
Shares issued for services ($3.96 per share) | 20,000 | $ 0 | 20,000 | 0 |
Shares issued for services ($3.96 per share) (in shares) | 5,000 | |||
Shares issued for services ($4.85 per share) | 12,000 | $ 0 | 12,000 | 0 |
Shares issued for services ($4.85 per share) (in shares) | 2,500 | |||
Shares issued upon exercise of warrants ($2.20 per share) | 0 | $ 0 | 0 | 0 |
Shares issued upon exercise of warrants ($2.20 per share) (in shares) | 60,883 | |||
Share based compensation | 492,000 | $ 0 | 492,000 | 0 |
Share based compensation (in shares) | 0 | |||
Net loss | (8,866,000) | $ 0 | 0 | (8,866,000) |
Balances at Sep. 30, 2016 | $ 4,348,000 | $ 1,000 | $ 42,371,000 | $ (38,024,000) |
Balances (in shares) at Sep. 30, 2016 | 12,970,410 |
Condensed Statement of Stockho6
Condensed Statement of Stockholders' Equity [Parenthetical] | 9 Months Ended |
Sep. 30, 2016$ / shares | |
Common stock for services per share issue one | $ 3.40 |
Common stock for services per share issue two | 3.96 |
Common Stock For Services Per Share Issue Three | 4.85 |
Shares issued upon exercise of warrants | $ 2.20 |
Condensed Statements of Cash Fl
Condensed Statements of Cash Flows - USD ($) | 9 Months Ended | |
Sep. 30, 2016 | Sep. 30, 2015 | |
Cash flows from operating activities: | ||
Net loss | $ (8,866,000) | $ (5,340,000) |
Adjustments to reconcile net loss to net cash used in operating activities: | ||
Common stock issued for services | 144,000 | 110,000 |
Share based payments | 492,000 | 576,000 |
Depreciation and amortization | 139,000 | 159,000 |
Abandonment and impairment of capitalized patents pending | 1,971,000 | 5,000 |
Deferred rent | (13,000) | (9,000) |
Change in operating assets and liabilities: | ||
Prepaid expenses | (287,000) | (125,000) |
Costs on uncompleted contracts in excess of billings | (144,000) | 0 |
Accounts payable | 89,000 | 117,000 |
Accrued compensation | (260,000) | (293,000) |
Billings on uncompleted contracts in excess of costs | 318,000 | 0 |
Net cash used in operating activities | (6,417,000) | (4,800,000) |
Cash flows from investing activities: | ||
Acquisition of fixed assets | (176,000) | (37,000) |
Disbursements for patents and other intangible assets | (834,000) | (888,000) |
Net cash used in investing activities | (1,010,000) | (925,000) |
Cash flows from financing activities: | ||
Proceeds from issuance of common stock for cash, net of offering costs | 0 | 16,279,000 |
Proceeds from exercise of stock options | 0 | 284,000 |
Net cash provided by financing activities | 0 | 16,563,000 |
Net increase (decrease) in cash and cash equivalents | (7,427,000) | 10,838,000 |
Cash and cash equivalents, beginning of period | 10,985,000 | 1,845,000 |
Cash and cash equivalents, end of period | $ 3,558,000 | $ 12,683,000 |
Supplemental disclosure of non-
Supplemental disclosure of non-cash operating and financing activities: - $ / shares | 9 Months Ended | ||
Sep. 30, 2016 | Sep. 30, 2015 | May 31, 2015 | |
Warrants Authorized For Issuance To Acquire Common Stock Shares Number | 118,959 | 10,500 | |
Shares Issued, Price Per Share | $ 2.20 | $ 4.88 | |
Sale of Stock, Price Per Share | $ 4.51 | $ 4.98 | |
Stock Issued During Period, Shares, Other | 60,883 | 210 |
Organization and Description of
Organization and Description of Business | 9 Months Ended |
Sep. 30, 2016 | |
Accounting Policies [Abstract] | |
Organization, Consolidation, Basis Of Presentation, Business Description and Accounting Policies [Text Block] | Note 1 Organization and Description of Business ClearSign Combustion Corporation (ClearSign or the Company) designs and develops technologies for the purpose of improving key performance characteristics of combustion systems, including emission and operational performance, energy efficiency and overall cost-effectiveness. The Company’s primary technologies include its Duplex technology, which achieves very low emissions without the need of external flue gas recirculation, selective catalytic reduction, or higher excess air operation, and its Electrodynamic Combustion Control or ECC technology, which introduces a computer-controlled electric field into the combustion region which may better control gas-phase chemical reactions and improve system performance and cost-effectiveness. The Company is headquartered in Seattle, Washington and was incorporated in the state of Washington in 2008. The Company’s Duplex technology has been in field development and, in certain market verticals, has generated initial revenues from operations to date through paid field validations. In order to generate meaningful revenues, the technology must continue to be developed in more vertical markets, gain market recognition and acceptance, and reach a meaningful level of successful sales and product installations. The Company has historically financed its operations primarily through issuances of equity. The Company has incurred losses since its inception 38,024,000 There can be no assurance that the Company will be successful in achieving its plans, or that such plans, if consummated, will enable the Company to achieve profitable operations or continue as a going |
Summary of Significant Accounti
Summary of Significant Accounting Policies | 9 Months Ended |
Sep. 30, 2016 | |
Accounting Policies [Abstract] | |
Significant Accounting Policies [Text Block] | Note 2 Summary of Significant Accounting Policies The accompanying unaudited condensed financial statements have been prepared in accordance with the rules and regulations of the Securities and Exchange Commission for Form 10-Q. Accordingly, certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted pursuant to such rules and regulations. The condensed balance sheet at December 31, 2015 has been derived from the Company’s audited financial statements. In the opinion of management, these financial statements reflect all normal recurring and other adjustments necessary for a fair presentation. These financial statements should be read in conjunction with the audited financial statements included in our Annual Report on Form 10-K for the year ended December 31, 2015. Operating results for interim periods are not necessarily indicative of operating results for an entire fiscal year or any other future periods. The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of sales and expenses during the reporting period. Actual results could differ from those estimates. Revenues from design and installation of the Company’s products are recognized on the completed contract method. Revenues from contracts and related costs of goods sold are recognized once the contract is completed or substantially completed. Contract costs include all direct material and labor costs and those indirect costs related to contract performance, such as indirect labor, supplies, and depreciation costs. Provisions for estimated losses on uncompleted contracts are made in the period in which such losses are determined. Highly liquid investments purchased with an original maturity of three months or less are considered cash equivalents. Cash is maintained with a commercial bank where accounts are generally guaranteed by the Federal Deposit Insurance Corporation up to $ 250,000 Fixed assets are recorded at cost. Depreciation is computed using the straight-line method over the estimated useful lives of the respective assets. Leasehold improvements are depreciated over the life of the lease or their useful life, whichever is shorter. All other fixed assets are depreciated over two to four years Patents and trademarks are recorded at cost. Amortization is computed using the straight-line method over the estimated useful lives of the assets once they are awarded. The Company tests long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable through the estimated undiscounted cash flows expected to result from the use and eventual disposition of the assets. In that event, a loss is recognized based on the amount by which the carrying amount exceeds the fair value of the long-lived assets. Fair value is determined based on the present value of estimated expected cash flows using a discount rate commensurate with the risks involved, quoted market prices, or appraised values depending upon the nature of the assets. Loss on long-lived assets to be disposed of is determined in a similar manner, except that fair values are reduced for the cost of disposal. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Assets and liabilities measured at fair value are categorized based on whether or not the inputs are observable in the market and the degree that the inputs are observable. The categorization of financial assets and liabilities within the valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement. The Company's financial instruments primarily consist of cash and cash equivalents, accounts payable and accrued expenses. As of the balance sheet dates, the estimated fair values of the financial instruments were not materially different from their carrying values as presented on the balance sheets. This is primarily attributable to the short term maturities of these instruments. The Company did not identify any other non-recurring assets and liabilities that are required to be presented in the balance sheets at fair value. The cost of research and development is expensed as incurred. Research and development costs consist of salaries, benefits, share based compensation, consulting fees, rent, utilities, depreciation, and consumables used in laboratory and field testing. Operating lease agreements which contain provisions for future rent increases or periods in which rent payments are reduced or abated are recorded in monthly rent expense in the amount of the total payments over the lease term divided by the number of months of the lease term. The difference between rent expense recorded and the amount paid is credited or charged to deferred rent which is reflected on the accompanying balance sheets. The Company accounts for income taxes using an asset and liability approach which allows for the recognition and measurement of deferred tax assets based upon the likelihood of realization of tax benefits in future years. Under the asset and liability approach, deferred taxes are provided for the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. A valuation allowance is provided for deferred tax assets if it is more likely than not these items will either expire before the Company is able to realize their benefits, or that future deductibility is uncertain. Tax benefits from an uncertain tax position are recognized only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities based on the technical merits of the position. The tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than 50 percent likelihood of being realized upon ultimate resolution. The costs of all employee stock options, as well as other equity-based compensation arrangements, are reflected in the financial statements based on the estimated fair value of the awards on the grant date. That cost is recognized over the period during which an employee is required to provide service in exchange for the award. Stock compensation for stock granted to non-employees is determined as the fair value of the consideration received or the fair value of equity instruments issued, whichever is more reliably measured. Basic loss per share is computed by dividing loss available to common stockholders by the weighted-average number of common shares outstanding. Diluted loss per share is computed similar to basic loss per share except that the denominator is increased to include additional common shares available upon exercise of stock options and warrants using the treasury stock method, except for periods for which no common share equivalents are included because their effect would be anti-dilutive. At September 30, 2016 and 2015, potentially dilutive shares outstanding amounted to 1,335,363 1,365,647 In February 2016, the Financial Accounting Standards Board issued Accounting Standards Update No. 2016-02 regarding leases. The new standard requires lessee recognition on the balance sheet of a right-of-use asset and a lease liability, initially measured at the present value of the lease payments. It further requires recognition in the income statement of a single lease cost, calculated so that the cost of the lease is allocated over the lease term on a generally straight-line basis. Finally, it requires classification of all cash payments within operating activities in the statement of cash flows. It is effective for fiscal years commencing after December 15, 2018 and early adoption is permitted. Management does not believe that this standard or any other recently issued, but not yet effective standards, if adopted, will have a material effect on the financial statements. The Company is an emerging growth company as defined under the Jumpstart Our Business Startups Act of 2012 (JOBS Act) An emerging growth company may delay the adoption of certain accounting standards until those standards would otherwise apply to private companies. The Company will remain an emerging growth company until December 31, 2017, although it will lose that status sooner if its revenues exceed $ 1 1 700 62 |
Fixed Assets
Fixed Assets | 9 Months Ended |
Sep. 30, 2016 | |
Property, Plant and Equipment [Abstract] | |
Property, Plant and Equipment Disclosure [Text Block] | Note 3 Fixed Assets September 30 December 31, 2016 2015 (unaudited) Machinery and equipment $ 646,000 $ 639,000 Office furniture and equipment 141,000 115,000 Leasehold improvements 134,000 130,000 Accumulated depreciation and amortization (853,000) (761,000) 68,000 123,000 Construction in progress 139,000 - $ 207,000 $ 123,000 |
Patents and Other Intangible As
Patents and Other Intangible Assets | 9 Months Ended |
Sep. 30, 2016 | |
Goodwill and Intangible Assets Disclosure [Abstract] | |
Intangible Assets Disclosure [Text Block] | Note 4 Patents and Other Intangible Assets September 30, December 31, 2016 2015 (unaudited) Patents Patents pending $ 1,216,000 $ 2,730,000 Issued patents 490,000 115,000 1,706,000 2,845,000 Trademarks Trademarks pending 20,000 18,000 Registered trademarks 23,000 23,000 43,000 41,000 Other 8,000 8,000 1,757,000 2,894,000 Accumulated amortization (60,000) (13,000) $ 1,697,000 $ 2,881,000 The Company reassessed its patent portfolio in order to ensure that both the cost-effectiveness and the value created through the intellectual property portfolio were maximized and to focus resources on its most promising patents. Those patents considered to be the most beneficial were retained and those pending patents projected to be unnecessarily costly that could be disposed of without meaningfully degrading the quality of the remaining intellectual property portfolio were abandoned. Further, an impairment loss was recorded for certain other patents pending which are believed to be of diminished value, but in the judgment of management remain worthwhile to continue to pursue until the product attributes and related reasonable patent protection can be better determined. As a result, during the three and nine months ended September 30, 2016 and 2015, the Company recorded impairment losses of $ 1,739,000 1,971,000 0 5,000 Duplex ECC Total Balance at July 1, 2016 $ 1,433,000 $ 1,831,000 $ 3,264,000 Current Costs 112,000 69,000 181,000 Abandonments and Impairments (682,000) (1,057,000) (1,739,000) Balance at September 30, 2016 $ 863,000 $ 843,000 $ 1,706,000 2016 $ 25,000 2017 93,000 2018 93,000 2019 93,000 2020 91,000 Thereafter 58,000 $ 453,000 |
Sales, Billings, and Costs on U
Sales, Billings, and Costs on Uncompleted Contracts | 9 Months Ended |
Sep. 30, 2016 | |
Costs in Excess of Billings on Uncompleted Contracts or Programs [Abstract] | |
Revenue and Billings On Uncompleted Contracts In Excess of Costs ,Description [Text Block] | Note 5 Sales, Billings, and Costs on Uncompleted Contracts In the quarter ended March 31, 2016, the Company entered into a contract with a third party contractor to supply its Duplex technology to a major California oil producer to retrofit its enclosed wellhead ground flare. Payment for this installation was conditioned upon successful completion and acceptance of the unit by the oil producer customer. This unit was accepted and payment of the $ 260,000 144,000 47,000 213,000 69,000 Following the acceptance of the first unit a multi-flare contract with the same customer to supply additional Duplex units. This contract is valued at approximately $ 900,000 3 9 360,000 318,000 Prior to the quarter ended September 30, 2016, the Company had entered into contracts to supply its Duplex technology with customer payments to be received upon completion. These units were accepted subsequent to the quarter ended September 30, 2016. Since payments were conditional, all costs of these projects through June 30, 2016, which totaled $ 566,000 144,000 361,000 |
Termination of Employment Agree
Termination of Employment Agreement | 9 Months Ended |
Sep. 30, 2016 | |
Employment Agreement Termination [Abstract] | |
Termination of Employment Agreement Disclosure [Text Block] | Note 6 Termination of Employment Agreement The Company and its former Chief Executive Officer, Richard F. Rutkowski, entered into an agreement in December 2014 terminating a prior employment agreement. Under this agreement, Mr. Rutkowski will be paid his annual salary of $ 359,000 60,000 15,625 4.88 14,219 9.90 The liability incurred under this agreement totaled $ 943,000 50,000 91,000 |
Stockholders' Equity
Stockholders' Equity | 9 Months Ended |
Sep. 30, 2016 | |
Stockholders' Equity Note [Abstract] | |
Stockholders' Equity Note Disclosure [Text Block] | Note 7 Stockholders’ Equity Common Stock and Preferred Stock The Company is authorized to issue 62,500,000 2,000,000 In February 2015, the Company completed an underwritten public offering of common stock whereby 2,990,000 5.85 17.5 16.3 1.2 1,049,000 55,000 108,000 Equity Incentive Plan The Company has an Equity Incentive Plan (the Plan) which provides for the granting of options to purchase shares of common stock, stock awards to purchase shares at no less than 85 1,399,828 10 In the nine months ended September 30, 2016, the Company granted 171,900 4.21 10 4 419,000 52,000 Expected life 6.25 years Weighted average volatility 73 % Forfeiture rate 12 % Weighted average risk-free interest rate 1.56 % Expected dividend rate 0 % In March 2016, the Company authorized 44,112 3.40 150,000 37,000 112,000 38,000 In accordance with the Plan, options for the purchase of 7,504 4.88 1,668 Outstanding stock option grants at September 30, 2016 and December 31, 2015 totaled 890,050 723,400 522,120 257,391 246,542 213,458 199,000 604,000 259,000 676,000 263,236 849,000 2.3 Consultant Stock Plan The Company has a 2013 Consultant Stock Plan (the Consultant Plan) which provides for the granting of shares of common stock to consultants who provide services related to capital raising, investor relations, and making a market in or promoting the Company’s securities. The Company’s officers, employees, and board members are not entitled to receive grants from the Consultant Plan. The Compensation Committee of the Board of Directors is authorized to administer the Consultant Plan and establish the grant terms. The number of shares reserved for issuance under the Consultant Plan on September 30, 2016 totaled 116,139 85,389 10,000 4.85 49,000 12,000 32,000 10,000 10,000 Warrants Total Outstanding Warrants Exercise Price Warrants Weighted Average Life $ 1.80 80,000 $ 1.80 4.38 $ 5.00 345,000 $ 5.00 0.57 $ 10.00 20,313 $ 10.00 2.43 445,313 $ 4.65 During the nine months ended September 30, 2016, the Company issued 60,883 118,959 2.20 4.51 |
Related Party Transactions
Related Party Transactions | 9 Months Ended |
Sep. 30, 2016 | |
Related Party Transactions [Abstract] | |
Related Party Transactions Disclosure [Text Block] | Note 8 Related Party Transactions In connection with the February 2015 underwritten public offering described in Note 7, the Company paid the underwriter, MDB Capital Group, LLC (MDB), underwriting fees of $ 1,049,000 55,000 7.5 |
Commitments
Commitments | 9 Months Ended |
Sep. 30, 2016 | |
Commitments and Contingencies Disclosure [Abstract] | |
Commitments and Contingencies Disclosure [Text Block] | Note 9 Commitments On February 3, 2015, the Company and its Chief Executive Officer, Stephen E. Pirnat, entered into an employment agreement (the Agreement) which terminates on December 31, 2017 350,000 300,000 60 100,000 The Company has a triple net lease for office and laboratory space in Seattle, Washington through March 2020. Under the terms of the lease, the Company paid no rent for the period November 2011 to February 2012 and for February 2014. Rent escalates annually by 3 through February 2017 and remains at a constant rate thereafter 13,000 9,000 3,000 2,000 2016 $ 42,000 2017 172,000 2018 173,000 2019 164,000 2020 37,000 $ 588,000 For the three and nine months ended September 30, 2016 and 2015, rent expense amounted to $ 46,000 142,000 61,000 148,000 The Company has a field test agreement with a customer that was established to demonstrate and test the Duplex technology in a once through steam generator (OTSG) used to facilitate a thermally enhanced oil recovery process. Under the terms of the agreement, the Company has retrofitted an OTSG unit in order to achieve certain performance criteria. The agreement also includes time-sensitive pricing, delivery and installation terms, if elected, that will apply to future purchases of this Duplex application by this customer. |
Summary of Significant Accoun18
Summary of Significant Accounting Policies (Policies) | 9 Months Ended |
Sep. 30, 2016 | |
Accounting Policies [Abstract] | |
Basis of Accounting, Policy [Policy Text Block] | Basis of Presentation The accompanying unaudited condensed financial statements have been prepared in accordance with the rules and regulations of the Securities and Exchange Commission for Form 10-Q. Accordingly, certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted pursuant to such rules and regulations. The condensed balance sheet at December 31, 2015 has been derived from the Company’s audited financial statements. In the opinion of management, these financial statements reflect all normal recurring and other adjustments necessary for a fair presentation. These financial statements should be read in conjunction with the audited financial statements included in our Annual Report on Form 10-K for the year ended December 31, 2015. Operating results for interim periods are not necessarily indicative of operating results for an entire fiscal year or any other future periods. |
Use Of Estimates, Policy [Policy Text Block] | Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of sales and expenses during the reporting period. Actual results could differ from those estimates. |
Revenue Recognition, Policy [Policy Text Block] | Revenue Recognition and Cost of Sales Revenues from design and installation of the Company’s products are recognized on the completed contract method. Revenues from contracts and related costs of goods sold are recognized once the contract is completed or substantially completed. Contract costs include all direct material and labor costs and those indirect costs related to contract performance, such as indirect labor, supplies, and depreciation costs. Provisions for estimated losses on uncompleted contracts are made in the period in which such losses are determined. |
Cash and Cash Equivalents, Policy [Policy Text Block] | Cash and Cash Equivalents Highly liquid investments purchased with an original maturity of three months or less are considered cash equivalents. Cash is maintained with a commercial bank where accounts are generally guaranteed by the Federal Deposit Insurance Corporation up to $ 250,000 |
Fixed Assets Policy [Policy Text Block] | Fixed Assets Fixed assets are recorded at cost. Depreciation is computed using the straight-line method over the estimated useful lives of the respective assets. Leasehold improvements are depreciated over the life of the lease or their useful life, whichever is shorter. All other fixed assets are depreciated over two to four years |
Patents and Trademarks Policy [Policy Text Block] | Patents and Trademarks Patents and trademarks are recorded at cost. Amortization is computed using the straight-line method over the estimated useful lives of the assets once they are awarded. |
Impairment Of Long Lived Asset Policy [Policy Text Block] | Impairment of Long-Lived Assets The Company tests long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable through the estimated undiscounted cash flows expected to result from the use and eventual disposition of the assets. In that event, a loss is recognized based on the amount by which the carrying amount exceeds the fair value of the long-lived assets. Fair value is determined based on the present value of estimated expected cash flows using a discount rate commensurate with the risks involved, quoted market prices, or appraised values depending upon the nature of the assets. Loss on long-lived assets to be disposed of is determined in a similar manner, except that fair values are reduced for the cost of disposal. |
Fair Value Of Financial Instruments, Policy [Policy Text Block] | Fair Value of Financial Instruments Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Assets and liabilities measured at fair value are categorized based on whether or not the inputs are observable in the market and the degree that the inputs are observable. The categorization of financial assets and liabilities within the valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement. The Company's financial instruments primarily consist of cash and cash equivalents, accounts payable and accrued expenses. As of the balance sheet dates, the estimated fair values of the financial instruments were not materially different from their carrying values as presented on the balance sheets. This is primarily attributable to the short term maturities of these instruments. The Company did not identify any other non-recurring assets and liabilities that are required to be presented in the balance sheets at fair value. |
Research and Development Expense, Policy [Policy Text Block] | Research and Development The cost of research and development is expensed as incurred. Research and development costs consist of salaries, benefits, share based compensation, consulting fees, rent, utilities, depreciation, and consumables used in laboratory and field testing. |
Deferred Rent Policy [Policy Text Block] | Deferred Rent Operating lease agreements which contain provisions for future rent increases or periods in which rent payments are reduced or abated are recorded in monthly rent expense in the amount of the total payments over the lease term divided by the number of months of the lease term. The difference between rent expense recorded and the amount paid is credited or charged to deferred rent which is reflected on the accompanying balance sheets. |
Income Tax, Policy [Policy Text Block] | Income Taxes The Company accounts for income taxes using an asset and liability approach which allows for the recognition and measurement of deferred tax assets based upon the likelihood of realization of tax benefits in future years. Under the asset and liability approach, deferred taxes are provided for the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. A valuation allowance is provided for deferred tax assets if it is more likely than not these items will either expire before the Company is able to realize their benefits, or that future deductibility is uncertain. Tax benefits from an uncertain tax position are recognized only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities based on the technical merits of the position. The tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than 50 percent likelihood of being realized upon ultimate resolution. |
Share-Based Compensation, Option and Incentive Plans Policy [Policy Text Block] | Stock-Based Compensation The costs of all employee stock options, as well as other equity-based compensation arrangements, are reflected in the financial statements based on the estimated fair value of the awards on the grant date. That cost is recognized over the period during which an employee is required to provide service in exchange for the award. Stock compensation for stock granted to non-employees is determined as the fair value of the consideration received or the fair value of equity instruments issued, whichever is more reliably measured. |
Earnings Per Share, Policy [Policy Text Block] | Net Loss per Common Share Basic loss per share is computed by dividing loss available to common stockholders by the weighted-average number of common shares outstanding. Diluted loss per share is computed similar to basic loss per share except that the denominator is increased to include additional common shares available upon exercise of stock options and warrants using the treasury stock method, except for periods for which no common share equivalents are included because their effect would be anti-dilutive. At September 30, 2016 and 2015, potentially dilutive shares outstanding amounted to 1,335,363 1,365,647 |
New Accounting Pronouncements, Policy [Policy Text Block] | Recently Issued Accounting Pronouncements In February 2016, the Financial Accounting Standards Board issued Accounting Standards Update No. 2016-02 regarding leases. The new standard requires lessee recognition on the balance sheet of a right-of-use asset and a lease liability, initially measured at the present value of the lease payments. It further requires recognition in the income statement of a single lease cost, calculated so that the cost of the lease is allocated over the lease term on a generally straight-line basis. Finally, it requires classification of all cash payments within operating activities in the statement of cash flows. It is effective for fiscal years commencing after December 15, 2018 and early adoption is permitted. Management does not believe that this standard or any other recently issued, but not yet effective standards, if adopted, will have a material effect on the financial statements. |
Growing Company [Policy Text Block] | Emerging Growth Company The Company is an emerging growth company as defined under the Jumpstart Our Business Startups Act of 2012 (JOBS Act) An emerging growth company may delay the adoption of certain accounting standards until those standards would otherwise apply to private companies. The Company will remain an emerging growth company until December 31, 2017, although it will lose that status sooner if its revenues exceed $ 1 1 700 62 |
Fixed Assets (Tables)
Fixed Assets (Tables) | 9 Months Ended |
Sep. 30, 2016 | |
Property, Plant and Equipment [Abstract] | |
Property, Plant and Equipment [Table Text Block] | Fixed assets are summarized as follows: September 30 December 31, 2016 2015 (unaudited) Machinery and equipment $ 646,000 $ 639,000 Office furniture and equipment 141,000 115,000 Leasehold improvements 134,000 130,000 Accumulated depreciation and amortization (853,000) (761,000) 68,000 123,000 Construction in progress 139,000 - $ 207,000 $ 123,000 |
Patents and Other Intangible 20
Patents and Other Intangible Assets (Tables) | 9 Months Ended |
Sep. 30, 2016 | |
Goodwill and Intangible Assets Disclosure [Abstract] | |
Schedule of Goodwill [Table Text Block] | Patents and other intangible assets are summarized as follows: September 30, December 31, 2016 2015 (unaudited) Patents Patents pending $ 1,216,000 $ 2,730,000 Issued patents 490,000 115,000 1,706,000 2,845,000 Trademarks Trademarks pending 20,000 18,000 Registered trademarks 23,000 23,000 43,000 41,000 Other 8,000 8,000 1,757,000 2,894,000 Accumulated amortization (60,000) (13,000) $ 1,697,000 $ 2,881,000 |
Schedule of Finite-Lived Intangible Assets [Table Text Block] | A reconciliation of patent activity for the quarter ended September 30, 2016 is summarized as follows: Duplex ECC Total Balance at July 1, 2016 $ 1,433,000 $ 1,831,000 $ 3,264,000 Current Costs 112,000 69,000 181,000 Abandonments and Impairments (682,000) (1,057,000) (1,739,000) Balance at September 30, 2016 $ 863,000 $ 843,000 $ 1,706,000 |
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block] | Future amortization expense associated with issued patents and registered trademarks as of September 30, 2016 is estimated as follows: 2016 $ 25,000 2017 93,000 2018 93,000 2019 93,000 2020 91,000 Thereafter 58,000 $ 453,000 |
Stockholders' Equity (Tables)
Stockholders' Equity (Tables) | 9 Months Ended |
Sep. 30, 2016 | |
Schedule Of Share Based Compensation Warrants Activity [Table Text Block] | The Company has the following warrants outstanding at September 30, 2016: Total Outstanding Warrants Exercise Price Warrants Weighted Average Life $ 1.80 80,000 $ 1.80 4.38 $ 5.00 345,000 $ 5.00 0.57 $ 10.00 20,313 $ 10.00 2.43 445,313 $ 4.65 |
Employee Stock Option [Member] | |
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block] | The following weighted-average assumptions were utilized in the calculation of the fair value of the stock options: Expected life 6.25 years Weighted average volatility 73 % Forfeiture rate 12 % Weighted average risk-free interest rate 1.56 % Expected dividend rate 0 % |
Commitments (Tables)
Commitments (Tables) | 9 Months Ended |
Sep. 30, 2016 | |
Commitments and Contingencies Disclosure [Abstract] | |
Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block] | Minimum future payments under the Company’s leases at September 30, 2016 are as follows: 2016 $ 42,000 2017 172,000 2018 173,000 2019 164,000 2020 37,000 $ 588,000 |
Organization and Description 23
Organization and Description of Business (Details Textual) - USD ($) | 3 Months Ended | 9 Months Ended | 104 Months Ended | ||
Sep. 30, 2016 | Sep. 30, 2015 | Sep. 30, 2016 | Sep. 30, 2015 | Sep. 30, 2016 | |
Organization and Description of Business [Line Items] | |||||
Net Loss | $ (3,846,000) | $ (1,961,000) | $ (8,866,000) | $ (5,340,000) | $ 38,024,000 |
Summary of Significant Accoun24
Summary of Significant Accounting Policies (Details Textual) - USD ($) | 6 Months Ended | 9 Months Ended | |
Jun. 30, 2016 | Sep. 30, 2016 | Sep. 30, 2015 | |
Variable Interest Entity [Line Items] | |||
Cash, FDIC Insured Amount | $ 250,000 | ||
Weighted Average Number of Shares Outstanding, Diluted | 1,335,363 | 1,365,647 | |
Emerging Growth Company Minimum Revenue | $ 1,000,000,000 | ||
Emerging Growth Company Non Convertible Debt | 1,000,000,000 | ||
Emerging Growth Company Minimum Non-Affiliate Market Value Of Common Stock | 700,000,000 | ||
Tax Benefits Recognized Description | The tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than 50 percent likelihood of being realized upon ultimate resolution. | ||
Emerging Growth Company Non-Affiliate Market Value Of Common Stock | $ 62,000,000 | ||
Property, Plant and Equipment, Estimated Useful Lives | over two to four years |
Fixed Assets (Details)
Fixed Assets (Details) - USD ($) | Sep. 30, 2016 | Dec. 31, 2015 |
Property, Plant and Equipment [Line Items] | ||
Machinery and equipment | $ 646,000 | $ 639,000 |
Office furniture and equipment | 141,000 | 115,000 |
Leasehold improvements | 134,000 | 130,000 |
Accumulated depreciation and amortization | (853,000) | (761,000) |
Property Plant and Equipment Gross Excluding Construction In Progress | 68,000 | 123,000 |
Construction in progress | 139,000 | 0 |
Property, Plant and Equipment, Net, Total | $ 207,000 | $ 123,000 |
Patents and Other Intangible 26
Patents and Other Intangible Assets (Details) - USD ($) | Sep. 30, 2016 | Dec. 31, 2015 |
Patents | $ 1,706,000 | $ 2,845,000 |
Trademarks | 43,000 | 41,000 |
Other | 8,000 | 8,000 |
Finite Lived Intangible Assets Other Than Patents Gross | 1,757,000 | 2,894,000 |
Accumulated amortization | (60,000) | (13,000) |
Finite-Lived Intangible Assets, Net | 1,697,000 | 2,881,000 |
Patents Pending [Member] | ||
Patents | 1,216,000 | 2,730,000 |
Issued Patents [Member] | ||
Patents | 490,000 | 115,000 |
Trademarks Pending [Member] | ||
Trademarks | 20,000 | 18,000 |
Registered Trademarks [Member] | ||
Trademarks | $ 23,000 | $ 23,000 |
Patents and Other Intangible 27
Patents and Other Intangible Assets (Details 1) - USD ($) | 3 Months Ended | 9 Months Ended | |
Sep. 30, 2016 | Sep. 30, 2016 | Sep. 30, 2015 | |
Balance at July 1, 2016 | $ 3,264,000 | ||
Current Costs | 181,000 | ||
Abandonments and Impairments | (1,739,000) | $ (1,971,000) | $ (5,000) |
Balance at September 30, 2016 | 1,706,000 | 1,706,000 | |
Duplex [Member] | |||
Balance at July 1, 2016 | 1,433,000 | ||
Current Costs | 112,000 | ||
Abandonments and Impairments | (682,000) | ||
Balance at September 30, 2016 | 863,000 | 863,000 | |
Electrodynamic Combustion Control [Member] | |||
Balance at July 1, 2016 | 1,831,000 | ||
Current Costs | 69,000 | ||
Abandonments and Impairments | (1,057,000) | ||
Balance at September 30, 2016 | $ 843,000 | $ 843,000 |
Patents and Other Intangible 28
Patents and Other Intangible Assets (Details 2) - USD ($) | Sep. 30, 2016 | Jun. 30, 2016 |
Finite-Lived Intangible Assets [Line Items] | ||
Finite-Lived Intangible Assets, Net | $ 1,706,000 | $ 3,264,000 |
Patents [Member] | ||
Finite-Lived Intangible Assets [Line Items] | ||
2,016 | 25,000 | |
2,017 | 93,000 | |
2,018 | 93,000 | |
2,019 | 93,000 | |
2,020 | 91,000 | |
Thereafter | 58,000 | |
Finite-Lived Intangible Assets, Net | $ 453,000 |
Patents and Other Intangible 29
Patents and Other Intangible Assets (Details Textual) - USD ($) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2016 | Sep. 30, 2015 | Sep. 30, 2016 | Sep. 30, 2015 | |
Exploration Abandonment and Impairment Expense | $ 1,739,000 | $ 1,971,000 | $ 5,000 | |
Patents Pending [Member] | ||||
Exploration Abandonment and Impairment Expense | $ 1,739,000 | $ 0 | $ 1,971,000 | $ 5,000 |
Sales, Billings, and Costs on30
Sales, Billings, and Costs on Uncompleted Contracts (Details Textual) - USD ($) | 1 Months Ended | 3 Months Ended | 9 Months Ended | ||||
Jun. 30, 2016 | Sep. 30, 2016 | Jun. 30, 2016 | Sep. 30, 2015 | Sep. 30, 2016 | Sep. 30, 2015 | Dec. 31, 2015 | |
Cost of Revenue, Total | $ 47,000 | $ 0 | $ 47,000 | $ 0 | |||
Gross Profit | 213,000 | $ 0 | 213,000 | $ 0 | |||
Costs in Excess of Billings, Current | 144,000 | 144,000 | $ 0 | ||||
California oil producer [Member] | |||||||
Proceeds From Contract | 260,000 | ||||||
Contract Expenses | $ 144,000 | ||||||
Cost of Revenue, Total | 47,000 | ||||||
Gross Profit | 213,000 | ||||||
Conditional Contract Gross Profit | 69,000 | ||||||
Contract Value | 900,000 | ||||||
Contract Billings Cost | 360,000 | 360,000 | |||||
Costs in Excess of Billings | 318,000 | 318,000 | |||||
Contract Revenue Cost | $ 566,000 | ||||||
Costs in Excess of Billings, Current | 144,000 | 144,000 | |||||
Additional Contract Cost To Be Incurred | $ 361,000 | $ 361,000 | |||||
California oil producer [Member] | Minimum [Member] | |||||||
Contract Expiration Period | 3 months | ||||||
California oil producer [Member] | Maximum [Member] | |||||||
Contract Expiration Period | 9 months |
Termination of Employment Agr31
Termination of Employment Agreement (Details Textual) - USD ($) | 9 Months Ended | 12 Months Ended | ||
Sep. 30, 2016 | Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | |
Financial Liabilities Fair Value Disclosure | $ 91,000 | $ 943,000 | ||
Loss Contingency Accrual, Provision | $ 50,000 | |||
Richard F. Rutkowski [Member] | ||||
Officers' Compensation | $ 60,000 | |||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested, Number of Shares | 15,625 | |||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested, Weighted Average Grant Date Fair Value | $ 4.88 | |||
Richard F. Rutkowski [Member] | Option Two [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested, Number of Shares | 14,219 | |||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested, Weighted Average Grant Date Fair Value | $ 9.90 | |||
Scenario, Forecast [Member] | Richard F. Rutkowski [Member] | ||||
Officers' Compensation | $ 359,000 |
Stockholders' Equity (Details)
Stockholders' Equity (Details) - Employee Stock Option [Member] | 9 Months Ended |
Sep. 30, 2016 | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
Expected life | 6 years 3 months |
Weighted average volatility | 73.00% |
Forfeiture rate | 12.00% |
Weighted average risk-free interest rate | 1.56% |
Expected dividend rate | 0.00% |
Stockholders' Equity (Details 1
Stockholders' Equity (Details 1) | 9 Months Ended |
Sep. 30, 2016$ / sharesshares | |
Warrants Outstanding / shares | shares | 445,313 |
Warrants Outstanding Weighted Average Exercise Price | $ 4.65 |
Exercise Price 1.80 [Member] | |
Warrants Exercise Price | $ 1.80 |
Warrants Outstanding / shares | shares | 80,000 |
Warrants Outstanding Weighted Average Exercise Price | $ 1.80 |
Warrants Outstanding Remaining Life (in years) | 4 years 4 months 17 days |
Exercise Price 5.00 [Member] | |
Warrants Exercise Price | $ 5 |
Warrants Outstanding / shares | shares | 345,000 |
Warrants Outstanding Weighted Average Exercise Price | $ 5 |
Warrants Outstanding Remaining Life (in years) | 6 months 25 days |
Exercise Price 10.00 [Member] | |
Warrants Exercise Price | $ 10 |
Warrants Outstanding / shares | shares | 20,313 |
Warrants Outstanding Weighted Average Exercise Price | $ 10 |
Warrants Outstanding Remaining Life (in years) | 2 years 5 months 5 days |
Stockholders' Equity (Details T
Stockholders' Equity (Details Textual) - USD ($) | 1 Months Ended | 3 Months Ended | 9 Months Ended | 12 Months Ended | |||||||
Aug. 31, 2016 | Mar. 31, 2016 | Feb. 28, 2015 | Sep. 30, 2016 | Sep. 30, 2015 | Sep. 30, 2016 | Sep. 30, 2015 | Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2016 | May 31, 2015 | |
Class of Stock [Line Items] | |||||||||||
Warrants Authorized For Issuance To Acquire Common Stock Shares Number | 118,959 | 10,500 | |||||||||
Common Stock, Shares Authorized | 62,500,000 | 62,500,000 | |||||||||
Preferred Stock, Shares Authorized | 2,000,000 | 2,000,000 | |||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross | 10,000 | ||||||||||
Share-Based Compensation | $ 492,000 | $ 576,000 | |||||||||
Proceeds From Issuance Or Sale Of Equity | $ 0 | $ 16,279,000 | |||||||||
Stock Issued During Period, Shares, Other | 60,883 | 210 | |||||||||
Shares Issued, Price Per Share | $ 2.20 | $ 4.88 | $ 2.20 | $ 4.88 | |||||||
Sale of Stock, Price Per Share | 4.51 | $ 4.51 | $ 4.98 | ||||||||
Underwritten Public Offering [Member] | |||||||||||
Class of Stock [Line Items] | |||||||||||
Stock Issued During Period, Value, New Issues | $ 17,500,000 | ||||||||||
Other Cost and Expense, Operating | 108,000 | ||||||||||
Proceeds From Issuance Or Sale Of Equity | 16,300,000 | ||||||||||
Payment of Financing and Stock Issuance Costs | $ 1,200,000 | ||||||||||
Stock Issued During Period Shares Underwritten Public Offering | 2,990,000 | ||||||||||
Stock Issued in Underwritten Public Offering Price Per Share | $ 5.85 | ||||||||||
Underwriter Agent fees | $ 1,049,000 | ||||||||||
Payments for Underwriter Agent Legal Fees | $ 55,000 | ||||||||||
Employee Stock Option [Member] | |||||||||||
Class of Stock [Line Items] | |||||||||||
Warrants Authorized For Issuance To Acquire Common Stock Shares Number | 118,959 | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross | 171,900 | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term2 | 10 years | ||||||||||
Stock Granted During Period, Value, Share-Based Compensation, Gross | $ 419,000 | ||||||||||
Allocated Share-based Compensation Expense | $ 52,000 | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period1 | 4 years | ||||||||||
Stock Issued During Period, Shares, Other | 60,883 | ||||||||||
Shares Issued, Price Per Share | 2.20 | $ 2.20 | |||||||||
Sale of Stock, Price Per Share | $ 4.51 | 4.51 | |||||||||
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price | 4.22 | ||||||||||
Employee Stock Option [Member] | Minimum [Member] | |||||||||||
Class of Stock [Line Items] | |||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value | 4.21 | ||||||||||
Employee Stock Option [Member] | Maximum [Member] | |||||||||||
Class of Stock [Line Items] | |||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value | $ 4.85 | ||||||||||
Consultant Plan [Member] | |||||||||||
Class of Stock [Line Items] | |||||||||||
Common Stock, Capital Shares Reserved for Future Issuance | 116,139 | 116,139 | |||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value | $ 4.85 | ||||||||||
Shares Reserved Unissued | 85,389 | 85,389 | |||||||||
Stock Option Plan Description | The Consultant Plan provides for quarterly increases in the available number of authorized shares equal to the lesser of 1% of any new shares issued by the Company during the quarter immediately prior to the adjustment date or such lesser amount as the Board of Directors shall determine. | ||||||||||
Share Based Compensation Arrangement by Share Based Payment Award Options Grants In Period Fair Value | $ 49,000 | ||||||||||
Consultant Plan Expenses | $ 12,000 | $ 10,000 | $ 32,000 | $ 10,000 | |||||||
Equity Incentive Plan [Member] | |||||||||||
Class of Stock [Line Items] | |||||||||||
Common Stock, Shares Authorized | 44,112 | ||||||||||
Share Based Compensation Arrangement By Share Based Payment Award Purchase Price Share Minimum | 85.00% | ||||||||||
Common Stock, Capital Shares Reserved for Future Issuance | 1,399,828 | 1,399,828 | |||||||||
Increase Decrease Of Share Based Compensation Arrangement By Share Based Payment Award Percentage | 10.00% | ||||||||||
Share-based Compensation Outstanding - Reserved but unissued shares under the Plan | 890,050 | 890,050 | 723,400 | ||||||||
Employee Service Share-based Compensation, Nonvested Awards, Total Compensation Cost Not yet Recognized | $ 849,000 | $ 849,000 | |||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross | 246,542 | 213,458 | |||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value | $ 3.40 | ||||||||||
Share-Based Compensation | $ 199,000 | $ 259,000 | $ 604,000 | $ 676,000 | |||||||
Shares Reserved Unissued | 263,236 | 263,236 | |||||||||
Selling, General and Administrative Expense, Total | $ 37,000 | $ 112,000 | |||||||||
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition | 2 years 3 months 18 days | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable, Number | 522,120 | 522,120 | 257,391 | ||||||||
Share Based Compensation Arrangement by Share Based Payment Award Options Grants In Period Fair Value | $ 150,000 | ||||||||||
Equity Incentive Plan [Member] | Scenario, Forecast [Member] | |||||||||||
Class of Stock [Line Items] | |||||||||||
Selling General And Admininstrative Expense To Be Recognized | $ 38,000 | ||||||||||
Equity Incentive Plan [Member] | Employee Stock Option [Member] | |||||||||||
Class of Stock [Line Items] | |||||||||||
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Subject To Repurchase Rights Decline | 1,668 | 7,504 | |||||||||
Investment Options, Exercise Price | $ 4.88 |
Related Party Transactions (Det
Related Party Transactions (Details Textual) - USD ($) | 1 Months Ended | |
Feb. 28, 2015 | May 31, 2016 | |
MDB Consulting Services [Member] | ||
Related Party Transaction [Line Items] | ||
Payments for Underwriting Expense | $ 1,049,000 | |
Other Underwriting Expense | $ 55,000 | |
Chief Executive Officer [Member] | ||
Related Party Transaction [Line Items] | ||
Equity Method Investment, Ownership Percentage | 7.50% |
Commitments (Details)
Commitments (Details) | Sep. 30, 2016USD ($) |
Operating Leased Assets [Line Items] | |
2,016 | $ 42,000 |
2,017 | 172,000 |
2,018 | 173,000 |
2,019 | 164,000 |
2,020 | 37,000 |
Operating Leases, Future Minimum Payments Due | $ 588,000 |
Commitments (Details Textual)
Commitments (Details Textual) - USD ($) | Feb. 03, 2015 | Aug. 31, 2016 | Sep. 30, 2016 | Sep. 30, 2015 | Sep. 30, 2016 | Sep. 30, 2015 |
Loss Contingencies [Line Items] | ||||||
Rent Expense Escalation Percentage | 3.00% | |||||
Reduction In Deferred Rent | $ 13,000 | $ 9,000 | ||||
Operating Leases, Rent Expense | $ 46,000 | $ 61,000 | 142,000 | $ 148,000 | ||
Triple Net Operating Cost | $ 2,000 | $ 3,000 | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross | 10,000 | |||||
Maximum [Member] | ||||||
Loss Contingencies [Line Items] | ||||||
Annual Cash Bonus | 60.00% | |||||
Stephen E. Pirnat [Member] | ||||||
Loss Contingencies [Line Items] | ||||||
Salaries, Wages and Officers' Compensation | $ 350,000 | |||||
Employment Agreement Termination Date | Dec. 31, 2017 | |||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross | 300,000 | |||||
Labor and Related Expense | $ 100,000 |