Document And Entity Information
Document And Entity Information - shares | 3 Months Ended | |
Mar. 31, 2017 | May 15, 2017 | |
Document Information [Line Items] | ||
Entity Registrant Name | DIGITAL POWER CORP | |
Entity Central Index Key | 896,493 | |
Trading Symbol | dpw | |
Current Fiscal Year End Date | --12-31 | |
Entity Filer Category | Smaller Reporting Company | |
Entity Current Reporting Status | Yes | |
Entity Voluntary Filers | No | |
Entity Well-known Seasoned Issuer | No | |
Entity Common Stock, Shares Outstanding (in shares) | 9,216,853 | |
Document Type | 10-Q | |
Document Period End Date | Mar. 31, 2017 | |
Document Fiscal Year Focus | 2,017 | |
Document Fiscal Period Focus | Q1 | |
Amendment Flag | false |
Condensed Consolidated Balance
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
CURRENT ASSETS: | ||
Cash and cash equivalents | $ 1,138 | $ 996 |
Accounts receivable, net | 1,030 | 1,439 |
Inventories, net | 937 | 1,122 |
Prepaid expenses and other current assets | 272 | 285 |
Total current assets | 3,377 | 3,842 |
Property and equipment, net | 543 | 570 |
Investments - related parties, net of original issue discount of $68 and $45, respectively | 1,653 | 1,036 |
Other investments | 20 | |
Deposits and loans | 112 | 24 |
TOTAL ASSETS | 5,705 | 5,472 |
CURRENT LIABILITIES: | ||
Accounts payable | 896 | 1,231 |
Accounts payable – related parties | 28 | |
Notes payable – related parties | 250 | 250 |
Notes payable | 220 | |
Other current liabilities | 448 | 398 |
Total current liabilities | 1,842 | 1,879 |
Convertible notes – related party, net of unamortized issuance discount of $453 and $497, respectively. | 78 | 34 |
Total liabilities | 1,920 | 1,913 |
COMMITMENTS: | ||
STOCKHOLDERS’ EQUITY: | ||
Preferred Stock, no par value – 1,000,000 shares authorized; 0 shares issued and outstanding at March 31, 2017 and December 31, 2016. | ||
Common Stock, no par value – 30,000,000 shares authorized; 8,856,853 and 7,677,637 shares issued and outstanding at March 31, 2017 and December 31, 2016, respectively. | ||
Additional paid-in-capital | 17,736 | 16,537 |
Accumulated deficit | (13,152) | (12,158) |
Accumulated other comprehensive loss | (799) | (820) |
Total stockholder’s equity | 3,785 | 3,559 |
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY | 5,705 | 5,472 |
Series A Preferred Stock [Member] | ||
STOCKHOLDERS’ EQUITY: | ||
Series A Redeemable Convertible Preferred Stock, no par value – 500,000 shares authorized; nil shares issued and outstanding at March 31, 2017 and December 31, 2016 | ||
Series B Preferred Stock [Member] | ||
STOCKHOLDERS’ EQUITY: | ||
Series A Redeemable Convertible Preferred Stock, no par value – 500,000 shares authorized; nil shares issued and outstanding at March 31, 2017 and December 31, 2016 |
Condensed Consolidated Balance3
Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
Investments - related parties, original issue discount | $ 68 | $ 45 |
Unamortized issuance discount | $ 453 | $ 497 |
Preferred stock, par value (in dollars per share) | $ 0 | $ 0 |
Preferred stock, shares authorized (in shares) | 1,000,000 | 1,000,000 |
Preferred stock, shares issued (in shares) | 0 | 0 |
Preferred stock, shares outstanding (in shares) | 0 | 0 |
Common stock, par value (in dollars per share) | $ 0 | $ 0 |
Common stock, shares authorized (in shares) | 30,000,000 | 30,000,000 |
Common stock, shares issued (in shares) | 8,856,853 | 7,677,637 |
Common stock, shares outstanding (in shares) | 8,856,853 | 7,677,637 |
Series A Preferred Stock [Member] | ||
Convertible redeemable preferred stock, par value (in dollars per share) | $ 0 | $ 0 |
Convertible redeemable preferred stock, shares authorized (in shares) | 500,000 | 500,000 |
Convertible redeemable preferred stock, shares issued (in shares) | 0 | 0 |
Convertible redeemable preferred stock, shares outstanding (in shares) | 0 | 0 |
Preferred stock, shares authorized (in shares) | 500,000 | |
Series B Preferred Stock [Member] | ||
Convertible redeemable preferred stock, shares authorized (in shares) | 500,000 | |
Convertible redeemable preferred stock, shares issued (in shares) | 25,000 | 0 |
Convertible redeemable preferred stock, shares outstanding (in shares) | 25,000 | 0 |
Convertible redeemable preferred stock, par value (in dollars per share) | $ 0 | |
Convertible redeemable preferred stock, stated value (in dollars per share) | $ 10 | |
Convertible redeemable preferred stock, liquidation preference | $ 250 | |
Preferred stock, shares authorized (in shares) | 500,000 |
Condensed Consolidated Statemen
Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Revenues | $ 1,628 | $ 1,713 |
Cost of revenues | 920 | 1,093 |
Gross profit | 708 | 620 |
Operating expenses: | ||
Engineering and product development | 227 | 194 |
Selling and marketing | 295 | 255 |
General and administrative | 973 | 371 |
Total operating expenses | 1,495 | 820 |
Operating loss | (787) | (200) |
Interest (expense) income | (207) | 7 |
Net loss | $ (994) | $ (193) |
Net loss per common share – Basic and diluted (in dollars per share) | $ (0.12) | $ (0.03) |
Weighted average shares of common stock – Basic and diluted (in shares) | 8,383 | 6,776 |
Comprehensive Loss | ||
Net loss: | $ (994) | $ (193) |
Other comprehensive income (loss): | ||
Change in net foreign currency translation adjustments | 21 | (58) |
Other comprehensive income (loss): | 21 | (58) |
Total Comprehensive loss | $ (973) | $ (251) |
Condensed Consolidated Stateme5
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Cash flows from operating activities: | ||
Net loss: | $ (994) | $ (193) |
Adjustments to reconcile net loss to net cash used in operating activities: | ||
Depreciation | 33 | 40 |
Interest expense – debt discount | 195 | |
Accretion of original issue discount on notes receivable – related party | (7) | |
Stock-based compensation | 157 | 44 |
Interest expense on conversion of demand notes to common stock | 13 | |
Accounts receivable | 413 | (32) |
Accounts payable – related party | 28 | 10 |
Inventories | 193 | 87 |
Prepaid expenses and other current assets | 15 | 13 |
Other assets | (29) | 0 |
Accounts payable | (338) | 66 |
Advances from customers and deferred revenues | (93) | |
Other current liabilities | 49 | 66 |
Net cash (used in) provided by operating activities | (272) | 8 |
Cash flows from investing activities: | ||
Purchase of property and equipment | (3) | (72) |
Investments – related party | (610) | |
Investments – other companies | (20) | |
Loan to third party | (59) | |
Net cash used in investing activities | (692) | (72) |
Cash flows from financing activities: | ||
Gross proceeds from sales of common stock and warrants | 300 | |
Financing cost in connection with sales of common stock and warrants | (73) | |
Proceeds from notes payable – related party | 350 | |
Proceeds from notes payable | 520 | |
Net cash provided by financing activities | 1,097 | |
Effect of exchange rate on cash and cash equivalents | 9 | (19) |
Increase (Decrease) in cash and cash equivalents | 142 | (83) |
Cash and cash equivalents - Beginning of the period | 996 | 1,241 |
Cash and cash equivalents - End of the period | 1,138 | 1,158 |
Supplemental disclosures of cash flow information: | ||
Cash paid during the period for interest | 12 | |
Conversion of Related Party Notes Payable to Common Stock [Member] | ||
Non-cash investing and financing activities: | ||
Cancellation of notes payable | 100 | |
Conversion of Notes Payable to Shares of Common Stock [Member] | ||
Non-cash investing and financing activities: | ||
Cancellation of notes payable | 300 | |
Conversion of Related Party Notes Payable to Series B Convertible Preferred Stock [Member] | ||
Non-cash investing and financing activities: | ||
Cancellation of notes payable | $ 250 |
Note 1 - Description of Busines
Note 1 - Description of Business | 3 Months Ended |
Mar. 31, 2017 | |
Notes to Financial Statements | |
Business Description and Basis of Presentation [Text Block] | 1. Digital Power Corporation ( " DPC" 1969, "DPL" “Company” two November 30, 2016, “DP Lending” , ranging from six twelve . |
Note 2 - Liquidity, Financial C
Note 2 - Liquidity, Financial Condition and Management's Plans | 3 Months Ended |
Mar. 31, 2017 | |
Notes to Financial Statements | |
Liquidity, Financial Condition and Management's Plans [Text Block] | 2. LIQUIDITY, FINANCIAL CONDITION AND MANAGEMENT’S PLANS As of March 31, 2017, $1,138, $13,152 $1,535. three March 31, 2017, $994. 2017, 2017: ● In February 2017, 333,333 0.70 $400. February 2017, $400 $400 666,667 $0.60 8). ● On March 9, 2017, “Philou” $5,000 36 March 24, 2017, 25,000 $250 May 5, 2017, 50,000 $500 11) . ● On March 15, 2017, one 500,000 $0.60 $300 11) . ● On March 20, 2017, $250 one 7). ● On March 28, 2017, $270 $220 March 31, 2017 $50 April 3, 2017. April 5, 2017, 360,000 $0.75 180,000 $0.90 8) . The Company expects to continue to incur losses for the foreseeable future and needs to raise additional capital to continue its business development initiatives and to support its working capital requirements. In March 2017, 3 $50 “MTIX" “MLSE” may May 31, 2018. |
Note 3 - Basis of Presentation
Note 3 - Basis of Presentation and Significant Accounting Policies | 3 Months Ended |
Mar. 31, 2017 | |
Notes to Financial Statements | |
Significant Accounting Policies [Text Block] | 3. B ASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with the instructions to Form 10 “GAAP” may 10 December 31, 2016, April 10, 2017. December 31, 2016 2016 10 three March 31, 2017, December 31, 2017. Principles of Consolidation The condensed consolidated financial statements include the accounts of DPC and its wholly-owned subsidiaries, DPL and DPL Lending. All significant intercompany accounts and transactions have been eliminated in consolidation . Accounting Estimates The preparation of financial statements, in conformity with GAAP, requires management to make estimates, judgments and assumptions. The Company's management believes that the estimates, judgments and assumptions used are reasonable based upon information available at the time they are made. These estimates, judgments and assumptions can affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the dates of the financial statements, and the reported amounts of revenue and expenses during the reporting periods. Actual results could differ from those estimates. Key estimates include fair value of certain financial instruments, reserve for trade receivables and inventories, carrying amounts of investments, accruals of certain liabilities, and deferred income taxes and related valuation allowance. Investments in Debt and Equity Securities The Company classifies its investments in Avalanche International, Corp ( “AVLP” 320, Investment in Debt and Equity Securities “ASC No. 320” 325, Investment – Other “ASC No. 325” 325 20. Additionally, the investment in debt securities of AVLP qualifies for application of the fair value option in accordance with ASC No. 825. Revenue Recognition The Company generates revenues from the sale of its products through a direct and indirect sales force. Revenues from products are recognized in accordance with ASC No. 605, Revenue Recognition Generally, the Company does not grant a right of return. However, certain distributors are allowed, in the six Service revenues are deferred and recognized on a straight-line basis over the term of the service agreement. Service revenues are immaterial in proportion to the Company's revenues. Warranty The Company offers a warranty period for all of its products. Warranty periods range from one two may As of March 31, 2017 December 31, 2016, $86 Common Stock Purchase Warrants and Other Derivative Financial Instruments The Company classifies common stock purchase warrants and other free standing derivative financial instruments as equity if the contracts (i) require physical settlement or net-share settlement or (ii) give the Company a choice of net-cash settlement or settlement in its own shares (physical settlement or net-share settlement). The Company classifies any contracts that (i) require net-cash settlement (including a requirement to net cash settle the contract if an event occurs and if that event is outside the control of the Company), (ii) give the counterparty a choice of net-cash settlement or settlement in shares (physical settlement or net-share settlement), or (iii) contain reset provisions as either an asset or a liability. The Company assesses classification of its freestanding derivatives at each reporting date to determine whether a change in classification between assets and liabilities is required. The Company determined that certain freestanding derivatives, which principally consist of issuance of warrants to purchase shares of common in connection with convertible notes, units and to employees of the Company, satisfy the criteria for classification as equity instruments as these warrants do not contain cash settlement features or variable settlement provision that cause them to not be indexed to the Company’s own stock. Stock-Based Compensation The Company accounts for stock-based compensation in accordance with ASC No. 718, Compensation – Stock Compensation "ASC No. 718" 718, The Company’s accounting policy for equity instruments issued to consultants and vendors in exchange for goods and services follows the provisions of ASC No. 505 50, Equity Based Payments to Non-Employees Convertible Instruments The Company accounts for hybrid contracts that feature conversion options in accordance with ASC No. 815, Derivatives and Hedging Activities “ASC No. 815” 815 Conversion options that contain variable settlement features such as provisions to adjust the conversion price upon subsequent issuances of equity or equity linked securities at exercise prices more favorable than that featured in the hybrid contract generally result in their bifurcation from the host instrument. The Company accounts for convertible instruments, when the Company has determined that the embedded conversion options should not be bifurcated from their host instruments, in accordance with ASC No. 470 20, Debt with Conversion and Other Options “ASC No. 470 20” 470 20 815. Comprehensive Loss The Company reports comprehensive loss in accordance with ASC No. 220, Comprehensive Income Fair value of Financial Instruments In accordance with ASC No. 820, Fair Value Measurements and Disclosures The guidance also establishes a hierarchy for inputs used in measuring fair value that maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that the most observable inputs be used when available. Observable inputs are inputs that market participants would use in valuing the asset or liability and are developed based on market data obtained from sources independent of the Company. Unobservable inputs are inputs that reflect the Company’s assumptions about the factors that market participants would use in valuing the asset or liability. The guidance establishes three may Level 1: Level 2: 1 . Level 2 Level 3: The carrying amounts of financial instruments carried at cost, including cash and cash equivalents, trade receivables and trade receivable – related party, investments, notes receivable, trade payables and trade payables – related party approximate their fair value due to the short-term maturities of such instruments. As of March 31, 2017 December 31, 2016, $1,653 and $1,036, 4), March 31, 2017, $1,561, , and marketable equity securities of $92 . At December 31, 2016, $952, , and marketable equity securities of $84. . Consistent with the guidance at ASC No. 835, In the first 2017, three $20 . In accordance with ASC No. 320 10, three March 31, 2017, May 10, 2017, The categorization of a financial instrument within the valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement. The following table sets forth the Company’s financial instruments that were measured at fair value on a recurring basis by level within the fair value hierarchy: Fair Value Measurement at March 31, 2017 Total Level 1 Level 2 Level 3 Investments – AVLP – a related party $ 1,653 $ 92 $ 1,561 $ - Investments in other companies $ 20 $ 20 $ - $ - Fair Value Measurement at December 31, 201 6 Total Level 1 Level 2 Level 3 Investments – AVLP – a related party $ 1,036 $ 84 $ 952 $ - Debt Discounts The Company accounts for debt discount according to ASC No. 470 20, Debt with Conversion and Other Options three March 31, 2017 2016, $195 nil Net Loss per Share Net loss per share is computed by dividing the net loss to common stockholders by the weighted average number of common shares outstanding. The calculation of the basic and diluted earnings per share is the same for all periods presented, as the effect of the potential common stock equivalents is anti-dilutive due to the Company’s net loss position for all periods presented. The Company has included 317,460 $.01, March 31, 2017. March 31, 2017 2016 Stock options 2,766,000 1,106,000 Warrants 2,122,142 - Convertible notes 963,636 - Conversion of preferred stock 357,143 - Total 6,208,921 1,106,000 Recently Issued Accounting Standards The Company has considered all other recently issued accounting standards and does not believe the adoption of such standards will have a material impact on its condensed consolidated financial statements. |
Note 4 - Investments - Related
Note 4 - Investments - Related Parties | 3 Months Ended |
Mar. 31, 2017 | |
Notes to Financial Statements | |
Business Combination Disclosure [Text Block] | 4. Investments in AVLP at March 31, 2017, December 31, 2016, March 31, December 31, 2017 2016 Investment in convertible promissory note of AVLP $ 1,630 $ 997 Investment in common stock of AVLP 91 84 Total investment in AVLP – Gross 1,721 1,081 Less: original issue discount (68 ) (45 ) Total investment in AVLP – Net $ 1,653 $ 1,036 During the year ended December 31, 2016, On October 5, 2016, November 30, 2016, February 22, 2017, three 12% " AVLP Notes " $525 5% $1,500 $75 12% two six $0.74536 the AVLP Notes, inclusive of the original issue discount, are convertible into 2,113,086 . During the period from March 29, 2017 March 31, 2017, $52 $1,500 12% 5%; fourth The original issue discount of $78 $52 March 29, 2017 March 31, 2017 , is being amortized as interest income through the maturity date using the interest rate method. During the quarter ended March 31, 2017, $7 March 31, 2017 December 31, 2016, $47 $13, . The Company has classified the AVLP Notes as Available-for-Sale securities, subject to the guidance in ASC No. 320. 320 10 825 10. March 31, 2017, $0.30. $0.12 0.3 0 The Company has concluded that indicators of impairment, including those described in ASC No. 320 10 35 27, . |
Note 5 - Stock-based Compensati
Note 5 - Stock-based Compensation | 3 Months Ended |
Mar. 31, 2017 | |
Notes to Financial Statements | |
Disclosure of Compensation Related Costs, Share-based Payments [Text Block] | 5. STOCK-BASED COMPENSATION Under the Company's 2016 “2016 2012 “2012 “Plans” may 5,372,630 four 5 10 March 31, 2017, 2,812,630 During the three March 31, 2017, 510,000 $0.60 four $229, four The Company has valued the options at their date of grant utilizing the Black-Scholes option pricing model. This model is dependent upon several variables such as the options’ term, exercise price, current stock price, risk-free interest rate estimated over the expected term and estimated volatility of our stock over the expected term of the options. The risk-free interest rate used in the calculations is based on the implied yield available on U.S. Treasury issues with an equivalent term approximating the expected life of the options as calculated using the simplified method. The estimated volatility was determined based on the historical volatility of our common stock. During the three March 31, 2017, Weighted average fair value $0.45 Dividend yield 0% Expected volatility 98.4% - 98.5% Risk-free interest rate 1.89% - 2.14% Expected life (years) 5 The options outstanding as of March 31, 2017, Exercise Price Options Outstanding as of March 31, 2017 Weighted Average Remaining Contractual Term (Years) Weighted Average Exercise Price Option Exercisable as of March 31, 2017 Weighted Average Exercise Price of Options Exercisable $0.65 - $0.79 2,375,000 9.63 $ 0.66 1,184,167 $ 0.66 $1.10 - $1.32 25,000 6.59 $ 1.28 15,000 $ 1.25 $1.51 - $1.69 366,000 5.32 $ 1.60 316,000 $ 1.59 2,766,000 8.55 $ 0.79 1,515,167 $ 0.86 The total stock-based compensation expense related to all of the Company’s equity based awards issued pursuant to the Plans recognized for the three March 31, 2017 2016 March 31, 2017 March 31, 2016 Cost of revenues $ 1 $ 2 Engineering and product development 7 1 Selling and marketing 5 4 General and administrative 111 37 Total stock-based compensation $ 124 $ 44 The combination of stock-based compensation of $124 $10 $23, $157 three March 31, 2017. three March 31, 2016, A summary of option activity under the Company's stock option plans as of March 31, 2017, three Amount of Options Weighted Average Exercise Price Weighted Average remaining Contractual Term (Years) Aggregate Intrinsic Value Balance at January 1, 2017 2,256,000 $ 0.83 9.08 - Granted 510,000 0.60 Balance outstanding at March 31, 2017 2,766,000 0.79 9.03 433 Exercisable at March 31, 2017 1,515,167 0.86 8.55 210 The aggregate intrinsic value in the table above represents the total intrinsic value (the difference between the Company's closing stock price on March 31, 2017, $0.84 As of March 31, 2017, $593 2.3 |
Note 6 - Warrants
Note 6 - Warrants | 3 Months Ended |
Mar. 31, 2017 | |
Notes to Financial Statements | |
Warrants or Rights Outstanding [Text Block] | 6. During the three March 31, 2017, 690,476 $0.70 (i) warrants to purchase 333,333 $400 6% entered into by the Company in February 2017 8), (ii) warrants to purchase 357,143 25,000 entered into by the Company on March 24, 2017 (See Note 11). During the three December 31, 2016, 1,749,126 $0.67 (i) warrants to purchase 530,000 12% entered into by the Company on October 21, 2016 10), (ii) warrants to purchase 901,666 subscription agreements entered into by the Company on November 15, 2016 with nine for the purchase of 901,666 one one one (See Note 11) (iii) warrants to purchase 317,460 November 3, 2016, in connection with an executive employment agreement, as amended, between the Company and its Chief Executive Officer in which the Company issued a ten $0.01 “Executive Warrant” 39,682 January 1, 2017, first July 1, 2018, 39,686 October 1, 2018. $188, two three March 31, 2017 2016, $23 nil The following table summarizes information about common stock warrants outstanding at March 31, 2017: Outstanding Exercisable Weighted Average Weighted Weighted Remaining Average Average Exercise Number Contractual Exercise Number Exercise Price Outstanding Life (Years) Price Exercisable Price $0.01 317,460 9.59 $ 0.01 39,682 $ 0.01 $0.70 690,476 5.19 $ 0.70 — — $0.80 1,166,666 2.61 $ 0.80 — — $0.90 265,000 2.56 $ 0.90 — — $0.01 - 0.90 2,439,602 4.24 $ 0.68 39,682 $ 0.01 The Company has valued the warrants at their date of grant utilizing the Black-Scholes option pricing model. This model is dependent upon several variables such as the warrants’ term, exercise price, current stock price, risk-free interest rate and estimated volatility of our stock over the contractual term of the options. The risk-free interest rate used in the calculations is based on the implied yield available on U.S. Treasury issues with an equivalent term approximating the contractual life of the warrants. The Company utilized the Black-Scholes option pricing model and the assumptions used for each period are as follows: March 31, 2017 Weighted average risk free interest rate 1.86% - 2.01% Weighted average contractual life (in years) 5.0 Volatility 98.5% - 104.6% Expected dividend yield 0% Weighted average grant-date fair value per share of warrants granted $0.55 |
Note 7 - Notes Payable - Relate
Note 7 - Notes Payable - Related Parties | 3 Months Ended |
Mar. 31, 2017 | |
Notes to Financial Statements | |
Note Payable, Related Party [Text Block] | 7. Notes Payable – Related parties at March 31, 2017, December 31, 2016, March 31, December 31, 2017 2016 Notes payable to MCKEA Holdings, LLC (a) $ — $ 250 Notes payable to JLA Realty Associates, LLC (b) 250 — Total notes payable $ 250 $ 250 (a) On December 29, 2016, MCKEA Holdings, LLC (“MCKEA” , a director and the wife of Milton C. Ault III, Executive Chairman of the Company’s Board of Directors, is the manager and owner of MCKEA, for a demand promissory note (The “MCKEA Note” $250 6% may December 31, 2016, no On March 24, 2017, Series B Preferred Stock pursuant to the terms of the Preferred Stock Purchase Agreement entered into on March 9, 2017 11). no (b) On March 20, 2017, “JLA Realty” “JLA Note” $250 6% 666,667 5% may March 31, 2017, no |
Note 8 - Notes Payable
Note 8 - Notes Payable | 3 Months Ended |
Mar. 31, 2017 | |
Notes to Financial Statements | |
Debt Disclosure [Text Block] | 8. NOTES PAYABLE In February 2017, eight $400 6% eight one five 333,333 $0.70 “Feb. 2017 Feb. 2017 six Feb. 2017 Feb. 2017 may $151 Feb. 2017 . The Company computed the fair value of these warrants using the Black-Scholes option pricing model. As a result of the due on demand feature of the promissory notes, the debt discount was amortized as non-cash interest expense upon issuance of the Feb. 2017 . Accordingly, the debt discount was fully amortized as of March 31, 2017. Between February 16, 2017 February 23, 2017, $400 666,667 $0.60 $13 $400 . On March 28, 2017, $270 6% $220 March 31, 2017. $50 April 3, 2017. April 5, 2017, 360,000 , at $0.75 180,000 $0.90 |
Note 9 - Other Current Liabilit
Note 9 - Other Current Liabilities | 3 Months Ended |
Mar. 31, 2017 | |
Notes to Financial Statements | |
Accounts Payable, Accrued Liabilities, and Other Liabilities Disclosure, Current [Text Block] | 9. Other current liabilities at March 31, 2017, December 31, 2016, March 31, 2017 December 31, 2016 Accrued payroll and payroll taxes $ 190 $ 128 Warranty liability 87 86 Other accrued expenses 171 184 Total $ 448 $ 398 |
Note 10 - Convertible Note - Re
Note 10 - Convertible Note - Related Party | 3 Months Ended |
Mar. 31, 2017 | |
Notes to Financial Statements | |
Convertible Note, Related Party [Text Block] | 10. C ONVERTIBLE NOTE – R ELATED PARTY Convertible notes – related party at March 31, 2017, December 31, 2016, March 31, December 31, 2017 2016 12% Convertible secured note $ 530 $ 530 Less: Unamortized debt discounts (441 ) (484 ) Unamortized financing cost (11 ) (12 ) Total Convertible note – related party $ 78 $ 34 On October 21, 2016, 12% “Convertible Note” $530. “OID” $30 $500. 12% October 20, 2019. may $0.55 may The Convertible Note contains standard and customary events of default including, but not limited to , failure to make payments when due under the Convertible Note agreement and bankruptcy or insolvency of the Company. Upon 30 $3.00 30 As additional consideration, the investor received a three 265,000 $0.80 three 265,000 $0.90 “ Convertible Note Warrants” six may $0.001 $3.00 30 The Company computed the fair value of the Convertible Note Warrants using the Black-Scholes option pricing model and, as a result of this calculation, recorded debt discount in the amount of $159 The beneficial conversion feature ( “BCF” is accounted for under ASC No. 470, De $329. and the respective discount and is being amortized to interest expense over the term of the Convertible Note using the effective interest method. The valuation of the BCF was calculated based on the effective conversion price compared with the market price of the Company’s common stock on the date of issuance of the Convertible Note. In aggregate, the Company recorded debt discount in the amount of $518 $159, $329 $30. $13 three March 31, 2017, $44 As of March 31, 2017 December 31, 2016, $16 $12, |
Note 11 - Stockholders' Equity
Note 11 - Stockholders' Equity | 3 Months Ended |
Mar. 31, 2017 | |
Notes to Financial Statements | |
Stockholders' Equity Note Disclosure [Text Block] | 11. S TOCKHOLDERS’ EQUITY Preferred Stock The Company is authorized to issue 2,000,000 500,000 Series A cumulative Redeemable Convertible Preferred shares (the “Series A Preferred Stock” 500,000 “ Series B Preferred Stock ” The rights, preferences, privileges and restrictions on the remaining authorized 1,000,000 March 31, 2017 December 31, 2016, 25,000 nil no On March 9, 2017, may $5,000 36 Each share of Series B Preferred Stock has a stated value of $10.00 may $0.70 60 one $10,000 four Each share of Series B Preferred Stock shall have the right to receive dividends equal to one ten (0.0000001) “EBITDAS” $5,000 five (5%) 90 . At such time as (i) all shares of common stock issuable upon conversion of all outstanding shares of Series B Preferred Stock (the “Conversion Shares” twenty fifth (25th) 120% In addition, for each share of Series B Preferred Stock purchased, Philou will receive warrants to purchase shares of common stock in a number equal to the stated value of each share of Series B Preferred Stock purchased divided by $0.70, $0.70 Further, Philou shall have the right to participate in the Company’s future financings under substantially the same terms and conditions as other investors in those respective financings in order to maintain its then percentage ownership interest in the Company. Philou’s right to participate in such financings shall accrue and accumulate provided that it still owns at least 100,000 On March 24, 2017, 25,000 $250. 357,143 $0.70 The Company determined that the estimated relative fair value of these warrants, which are classified as equity, was $120 $250 470, Debt . The Series B Convertible Preferred Stock is convertible at any time, in whole or in part, at the option of Philou , into shares of common stock at a fixed conversion price, which is subject to adjustment for stock splits, stock dividends, combinations or similar events, of $0.70 $130 The Company, however, is prohibited from issuing shares of common stock pursuant to the Series B Convertible Preferred Stock unless stockholder approval of such issuance of securities is obtained as required by applicable NYSE MKT listing rules. The Company has not yet received stockholder approval of such share issuances. This provision resulted in a contingent beneficial conversion feature that shall be recognized once the contingency is resolved. These features are analogous to preference dividends and shall be recorded as a non-cash return to preferred shareholders through accumulated deficit upon resolution of the contingency. Common Stock Common stock confers upon the holders the rights to receive notice to participate and vote in the general meeting of shareholders of the Company, to receive dividends, if and when declared, and to participate in a distribution of surplus of assets upon liquidation of the Company. On November 15, 2016, “2016 nine 2016 901,666 $0.60 $541. one one one “Nov. 2016 $0.80. The 2016 November 15, 2017, $100,000 50% The Nov. 2016 901,666 $0.80 three Nov. 2016 six Nov. 2016 Nov. 2016 may Between February 16, 2017 February 23, 2017, 666,667 $0.60 $400 On March 8, 2017, 12,549 $10, $0.80 . On March 15, 2017, 500,000 $0.60 $300. |
Note 12 - Related Party Transac
Note 12 - Related Party Transaction | 3 Months Ended |
Mar. 31, 2017 | |
Notes to Financial Statements | |
Related Party Transactions Disclosure [Text Block] | 12. a. In anticipation of the acquisition of MTIX Ltd ., an advanced materials and processing technology company located in Huddersfield, West Yorkshire, UK ( “MTIX” three 12% $525 six $0.74536 the AVLP Notes, inclusive of the original issue discount, are convertible into 2,113,086 During the period from March 29, 2017 March 31, 2017, $52 $1,500 12% 5%; fourth 4). During the three March 31, 2017, $603 17,080 $7. During the three December 31, 2016, $950 the AVLP Notes and acquired 250,900 $85. Philou is AVLP’s controlling shareholder. Mr. Ault is Chairman of AVLP’s Board of Directors and the Executive Chairman of the Company’s Board of Directors. Mr. William B. Horne is the Chief Financial Officer of AVLP and also the audit committee chairman of the Company. On October 24, 2016, $50 . On March 3, 2017, three . Upon the terms and subject to the conditions set forth in the Share Exchange Agreement, AVLP will acquire MTIX from the MTIX shareholders through the transfer of all issued and outstanding ordinary shares of MTIX (the “MTIX Shares” 7% $9,500 $500 $50 October 26, 2016, 100,000 On the closing date, the fully-diluted AVLP shares shall be 52,128,325 $0.50 $0.50 531,919 . During March 2017 , the Company was awarded a 3 $50 . b. On September 22, 2016, $45 first 2017. c. On October 21, 2016, 12% $530 $500 October 20, 2019. 12% may $0.55 , the Barry Blank Living Trust may . During the first 2017 $16 d. On December 29, 2016, $250 , the majority stockholder of the Company. On March 24, 2017, $250 25,000 e. In February 2017, eight $400 6% eight one f. On March 9, 2017, may $5,000,000 36 . On March 24, 2017, 25,000 g. On March 15, 2017, 500,000 $0.60 $300. h. On March 20, 2017, $250 666,667 7.5% . |
Note 13 - Segment Customers and
Note 13 - Segment Customers and Geographical Information | 3 Months Ended |
Mar. 31, 2017 | |
Notes to Financial Statements | |
Segment Reporting Disclosure [Text Block] | 13. The Company has two 1 The following data presents the revenues, expenditures and other operating data of the Company’s geographic operating segments and presented in accordance with ASC No. 280. Three Months Ended March 31, 2017 DPC DPL Eliminations Total Revenues $ 1,013 $ 615 $ - $ 1,628 Inter-segment revenues 25 - (25 ) Total revenues $ 1,038 $ 615 $ (25 ) $ 1,628 Depreciation and amortization expenses $ 16 $ 17 $ - $ 33 Operating income (loss) $ (744 ) $ (43 ) $ - $ (787 ) Other income, net (207 ) Income taxes - Net loss $ (994 ) Capital expenditures for segment assets for the three months ended March 31, 2017 $ - $ 2 $ - $ 2 Identifiable assets as of March 31, 2017 $ 3,528 $ 2,177 $ - $ 5,705 Three Months Ended March 31, 2016 DPC DPL Eliminations Total Revenues $ 948 $ 765 $ - $ 1,713 Inter-segment revenues 6 (6 ) Total revenues $ 954 $ 765 $ (6 ) $ 1,713 Depreciation and amortization expenses $ 19 $ 21 $ - $ 40 Operating income (loss) $ (214 ) $ 14 $ - $ (200 ) Other income, net 7 Net loss $ (193 ) Capital expenditures for segment assets for the three months ended March 31, 2016 $ 23 $ 49 $ - $ 72 Identifiable assets as of March 31, 2016 $ 2,182 $ 2,745 $ - $ 4,927 The following table provides the percentage of total revenues attributable to a single customer from which 10% For the three months ended March 31, 2017 Total Revenues by Major Customers (in thousands) Percentage of Total Company Revenues Customer A $ 309 19 % Customer C $ 224 14 % For the three months ended March 31, 2016 Total Revenues by Major Customers (in thousands) Percentage of Total Company Revenues Customer A $ 325 19 % Customer B $ 305 18 % Revenue from Customer A was attributable to DPC and revenue from Customer B and C attributable to DPL. For the three March 31, 2017 2016, 2017 2016 Revenues: Commercial products $ 1,078 $ 1,047 Defense products 550 666 Total revenues $ 1,628 $ 1,713 Financial data relating to geographic areas: The Company’s total revenues are attributed to geographic areas based on the location. The following table presents total revenues for the three March 31, 2017 2016. 2017 2016 North America $ 1,002 $ 939 Europe 514 755 Other 9 8 South Korea 103 11 Total revenues $ 1,628 $ 1,713 |
Note 14 - Subsequent Events
Note 14 - Subsequent Events | 3 Months Ended |
Mar. 31, 2017 | |
Notes to Financial Statements | |
Subsequent Events [Text Block] | 14. In accordance with FASB ASC 855 10, March 31, 2017 On March 28, 2017, $270 $220 March 31, 2017. $50 April 3, 2017. April 5, 2017, 360,000 $0.75 180,000 $0.90 On April 28, 2017, “Agreement” “MPC” “MHC” EFLP “RCKJ” “Significant Stockholders” “Minority Stockholders” “Stockholders” 1,603,434 “Subject Shares” “MPC Common Stock” “MPC Preferred Stock” “MPC Shares” “Exchange” 2,600,000 “DPW Common Stock” 1,842,448 378,776 “Exchange Shares” 757,552 “Exchange Warrants” 1,000,000 “Warrant Shares” “Exchange Securities.” “Closing” 58% 50.2% The Closing is subject to a number of closing conditions, including, among other things: (i) absence of litigation that seeks to prohibit the Exchange and certain other matters; (ii) the accuracy of the representations and warranties, subject to customary materiality qualifiers; (iii) the performance by the parties of certain covenants and agreements in all material respects; and (iv) the absence of a Material Adverse Effect (as defined in the Agreement). The Agreement does not contain a financing condition. Due to the scope of the closing conditions, at this time, no assurances can be made that the Company will be successful in consummating the Closing. At the Closing, subject to the terms and conditions of the Agreement, the Stockholders shall deliver a promissory note on behalf of MPC in the principal face amount of $220 “MPC Note” “Creditor Note” $450 “Creditor” On April 27, 2017, December 31, 2016, $6,000 1003(a)(iii) five December 31, 2016. The April 27, 2017 December 18, 2015 June 19, 2017 On May 5, 2017, 50,000 March 9, 2017, $500. 50,000 714,286 $.70 714,286 $0.70 |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 3 Months Ended |
Mar. 31, 2017 | |
Accounting Policies [Abstract] | |
Consolidation, Policy [Policy Text Block] | Principles of Consolidation The condensed consolidated financial statements include the accounts of DPC and its wholly-owned subsidiaries, DPL and DPL Lending. All significant intercompany accounts and transactions have been eliminated in consolidation . |
Use of Estimates, Policy [Policy Text Block] | Accounting Estimates The preparation of financial statements, in conformity with GAAP, requires management to make estimates, judgments and assumptions. The Company's management believes that the estimates, judgments and assumptions used are reasonable based upon information available at the time they are made. These estimates, judgments and assumptions can affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the dates of the financial statements, and the reported amounts of revenue and expenses during the reporting periods. Actual results could differ from those estimates. Key estimates include fair value of certain financial instruments, reserve for trade receivables and inventories, carrying amounts of investments, accruals of certain liabilities, and deferred income taxes and related valuation allowance. |
Marketable Securities, Policy [Policy Text Block] | Investments in Debt and Equity Securities The Company classifies its investments in Avalanche International, Corp ( “AVLP” 320, Investment in Debt and Equity Securities “ASC No. 320” 325, Investment – Other “ASC No. 325” 325 20. Additionally, the investment in debt securities of AVLP qualifies for application of the fair value option in accordance with ASC No. 825. |
Revenue Recognition, Policy [Policy Text Block] | Revenue Recognition The Company generates revenues from the sale of its products through a direct and indirect sales force. Revenues from products are recognized in accordance with ASC No. 605, Revenue Recognition Generally, the Company does not grant a right of return. However, certain distributors are allowed, in the six Service revenues are deferred and recognized on a straight-line basis over the term of the service agreement. Service revenues are immaterial in proportion to the Company's revenues. |
Standard Product Warranty, Policy [Policy Text Block] | Warranty The Company offers a warranty period for all of its products. Warranty periods range from one two may As of March 31, 2017 December 31, 2016, $86 |
Common Stock Purchase Warrants and Other Derivative Financial Instruments, Policy [Policy Text Block] | Common Stock Purchase Warrants and Other Derivative Financial Instruments The Company classifies common stock purchase warrants and other free standing derivative financial instruments as equity if the contracts (i) require physical settlement or net-share settlement or (ii) give the Company a choice of net-cash settlement or settlement in its own shares (physical settlement or net-share settlement). The Company classifies any contracts that (i) require net-cash settlement (including a requirement to net cash settle the contract if an event occurs and if that event is outside the control of the Company), (ii) give the counterparty a choice of net-cash settlement or settlement in shares (physical settlement or net-share settlement), or (iii) contain reset provisions as either an asset or a liability. The Company assesses classification of its freestanding derivatives at each reporting date to determine whether a change in classification between assets and liabilities is required. The Company determined that certain freestanding derivatives, which principally consist of issuance of warrants to purchase shares of common in connection with convertible notes, units and to employees of the Company, satisfy the criteria for classification as equity instruments as these warrants do not contain cash settlement features or variable settlement provision that cause them to not be indexed to the Company’s own stock. |
Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block] | Stock-Based Compensation The Company accounts for stock-based compensation in accordance with ASC No. 718, Compensation – Stock Compensation "ASC No. 718" 718, The Company’s accounting policy for equity instruments issued to consultants and vendors in exchange for goods and services follows the provisions of ASC No. 505 50, Equity Based Payments to Non-Employees |
Convertible Instruments, Policy [Policy Text Block] | Convertible Instruments The Company accounts for hybrid contracts that feature conversion options in accordance with ASC No. 815, Derivatives and Hedging Activities “ASC No. 815” 815 Conversion options that contain variable settlement features such as provisions to adjust the conversion price upon subsequent issuances of equity or equity linked securities at exercise prices more favorable than that featured in the hybrid contract generally result in their bifurcation from the host instrument. The Company accounts for convertible instruments, when the Company has determined that the embedded conversion options should not be bifurcated from their host instruments, in accordance with ASC No. 470 20, Debt with Conversion and Other Options “ASC No. 470 20” 470 20 815. |
Comprehensive Income, Policy [Policy Text Block] | Comprehensive Loss The Company reports comprehensive loss in accordance with ASC No. 220, Comprehensive Income |
Fair Value of Financial Instruments, Policy [Policy Text Block] | Fair value of Financial Instruments In accordance with ASC No. 820, Fair Value Measurements and Disclosures The guidance also establishes a hierarchy for inputs used in measuring fair value that maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that the most observable inputs be used when available. Observable inputs are inputs that market participants would use in valuing the asset or liability and are developed based on market data obtained from sources independent of the Company. Unobservable inputs are inputs that reflect the Company’s assumptions about the factors that market participants would use in valuing the asset or liability. The guidance establishes three may Level 1: Level 2: 1 . Level 2 Level 3: The carrying amounts of financial instruments carried at cost, including cash and cash equivalents, trade receivables and trade receivable – related party, investments, notes receivable, trade payables and trade payables – related party approximate their fair value due to the short-term maturities of such instruments. As of March 31, 2017 December 31, 2016, $1,653 and $1,036, 4), March 31, 2017, $1,561, , and marketable equity securities of $92 . At December 31, 2016, $952, , and marketable equity securities of $84. . Consistent with the guidance at ASC No. 835, In the first 2017, three $20 . In accordance with ASC No. 320 10, three March 31, 2017, May 10, 2017, The categorization of a financial instrument within the valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement. The following table sets forth the Company’s financial instruments that were measured at fair value on a recurring basis by level within the fair value hierarchy: Fair Value Measurement at March 31, 2017 Total Level 1 Level 2 Level 3 Investments – AVLP – a related party $ 1,653 $ 92 $ 1,561 $ - Investments in other companies $ 20 $ 20 $ - $ - Fair Value Measurement at December 31, 201 6 Total Level 1 Level 2 Level 3 Investments – AVLP – a related party $ 1,036 $ 84 $ 952 $ - |
Debt Discount, Policy [Policy Text Block] | Debt Discounts The Company accounts for debt discount according to ASC No. 470 20, Debt with Conversion and Other Options three March 31, 2017 2016, $195 nil |
Earnings Per Share, Policy [Policy Text Block] | Net Loss per Share Net loss per share is computed by dividing the net loss to common stockholders by the weighted average number of common shares outstanding. The calculation of the basic and diluted earnings per share is the same for all periods presented, as the effect of the potential common stock equivalents is anti-dilutive due to the Company’s net loss position for all periods presented. The Company has included 317,460 $.01, March 31, 2017. March 31, 2017 2016 Stock options 2,766,000 1,106,000 Warrants 2,122,142 - Convertible notes 963,636 - Conversion of preferred stock 357,143 - Total 6,208,921 1,106,000 |
New Accounting Pronouncements, Policy [Policy Text Block] | Recently Issued Accounting Standards The Company has considered all other recently issued accounting standards and does not believe the adoption of such standards will have a material impact on its condensed consolidated financial statements. |
Note 3 - Basis of Presentatio21
Note 3 - Basis of Presentation and Significant Accounting Policies (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Notes Tables | |
Fair Value, Assets Measured on Recurring Basis [Table Text Block] | Fair Value Measurement at March 31, 2017 Total Level 1 Level 2 Level 3 Investments – AVLP – a related party $ 1,653 $ 92 $ 1,561 $ - Investments in other companies $ 20 $ 20 $ - $ - Fair Value Measurement at December 31, 201 6 Total Level 1 Level 2 Level 3 Investments – AVLP – a related party $ 1,036 $ 84 $ 952 $ - |
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block] | 2017 2016 Stock options 2,766,000 1,106,000 Warrants 2,122,142 - Convertible notes 963,636 - Conversion of preferred stock 357,143 - Total 6,208,921 1,106,000 |
Note 4 - Investments - Relate22
Note 4 - Investments - Related Parties (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Notes Tables | |
Investment [Table Text Block] | March 31, December 31, 2017 2016 Investment in convertible promissory note of AVLP $ 1,630 $ 997 Investment in common stock of AVLP 91 84 Total investment in AVLP – Gross 1,721 1,081 Less: original issue discount (68 ) (45 ) Total investment in AVLP – Net $ 1,653 $ 1,036 |
Note 5 - Stock-based Compensa23
Note 5 - Stock-based Compensation (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Notes Tables | |
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block] | Weighted average fair value $0.45 Dividend yield 0% Expected volatility 98.4% - 98.5% Risk-free interest rate 1.89% - 2.14% Expected life (years) 5 |
Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range [Table Text Block] | Exercise Price Options Outstanding as of March 31, 2017 Weighted Average Remaining Contractual Term (Years) Weighted Average Exercise Price Option Exercisable as of March 31, 2017 Weighted Average Exercise Price of Options Exercisable $0.65 - $0.79 2,375,000 9.63 $ 0.66 1,184,167 $ 0.66 $1.10 - $1.32 25,000 6.59 $ 1.28 15,000 $ 1.25 $1.51 - $1.69 366,000 5.32 $ 1.60 316,000 $ 1.59 2,766,000 8.55 $ 0.79 1,515,167 $ 0.86 |
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Table Text Block] | March 31, 2017 March 31, 2016 Cost of revenues $ 1 $ 2 Engineering and product development 7 1 Selling and marketing 5 4 General and administrative 111 37 Total stock-based compensation $ 124 $ 44 |
Incentive Share Option Plan [Member] | |
Notes Tables | |
Share-based Compensation, Stock Options, Activity [Table Text Block] | Amount of Options Weighted Average Exercise Price Weighted Average remaining Contractual Term (Years) Aggregate Intrinsic Value Balance at January 1, 2017 2,256,000 $ 0.83 9.08 - Granted 510,000 0.60 Balance outstanding at March 31, 2017 2,766,000 0.79 9.03 433 Exercisable at March 31, 2017 1,515,167 0.86 8.55 210 |
Note 6 - Warrants (Tables)
Note 6 - Warrants (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Notes Tables | |
Schedule of Share-based Compensation, Warrants Authorized, by Exercise Price Range [Table Text Block] | Outstanding Exercisable Weighted Average Weighted Weighted Remaining Average Average Exercise Number Contractual Exercise Number Exercise Price Outstanding Life (Years) Price Exercisable Price $0.01 317,460 9.59 $ 0.01 39,682 $ 0.01 $0.70 690,476 5.19 $ 0.70 — — $0.80 1,166,666 2.61 $ 0.80 — — $0.90 265,000 2.56 $ 0.90 — — $0.01 - 0.90 2,439,602 4.24 $ 0.68 39,682 $ 0.01 |
Schedule of Share-based Payment Award, Warrants, Valuation Assumptions [Table Text Block] | March 31, 2017 Weighted average risk free interest rate 1.86% - 2.01% Weighted average contractual life (in years) 5.0 Volatility 98.5% - 104.6% Expected dividend yield 0% Weighted average grant-date fair value per share of warrants granted $0.55 |
Note 7 - Notes Payable - Rela25
Note 7 - Notes Payable - Related Parties (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Notes Tables | |
Schedule of Related Party Transactions [Table Text Block] | March 31, December 31, 2017 2016 Notes payable to MCKEA Holdings, LLC (a) $ — $ 250 Notes payable to JLA Realty Associates, LLC (b) 250 — Total notes payable $ 250 $ 250 |
Note 9 - Other Current Liabil26
Note 9 - Other Current Liabilities (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Notes Tables | |
Other Current Liabilities [Table Text Block] | March 31, 2017 December 31, 2016 Accrued payroll and payroll taxes $ 190 $ 128 Warranty liability 87 86 Other accrued expenses 171 184 Total $ 448 $ 398 |
Note 10 - Convertible Note - 27
Note 10 - Convertible Note - Related Party (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Notes Tables | |
Convertible Debt [Table Text Block] | March 31, December 31, 2017 2016 12% Convertible secured note $ 530 $ 530 Less: Unamortized debt discounts (441 ) (484 ) Unamortized financing cost (11 ) (12 ) Total Convertible note – related party $ 78 $ 34 |
Note 13 - Segment Customers a28
Note 13 - Segment Customers and Geographical Information (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Notes Tables | |
Schedule of Segment Reporting Information, by Segment [Table Text Block] | Three Months Ended March 31, 2017 DPC DPL Eliminations Total Revenues $ 1,013 $ 615 $ - $ 1,628 Inter-segment revenues 25 - (25 ) Total revenues $ 1,038 $ 615 $ (25 ) $ 1,628 Depreciation and amortization expenses $ 16 $ 17 $ - $ 33 Operating income (loss) $ (744 ) $ (43 ) $ - $ (787 ) Other income, net (207 ) Income taxes - Net loss $ (994 ) Capital expenditures for segment assets for the three months ended March 31, 2017 $ - $ 2 $ - $ 2 Identifiable assets as of March 31, 2017 $ 3,528 $ 2,177 $ - $ 5,705 Three Months Ended March 31, 2016 DPC DPL Eliminations Total Revenues $ 948 $ 765 $ - $ 1,713 Inter-segment revenues 6 (6 ) Total revenues $ 954 $ 765 $ (6 ) $ 1,713 Depreciation and amortization expenses $ 19 $ 21 $ - $ 40 Operating income (loss) $ (214 ) $ 14 $ - $ (200 ) Other income, net 7 Net loss $ (193 ) Capital expenditures for segment assets for the three months ended March 31, 2016 $ 23 $ 49 $ - $ 72 Identifiable assets as of March 31, 2016 $ 2,182 $ 2,745 $ - $ 4,927 |
Schedules of Concentration of Risk, by Risk Factor [Table Text Block] | For the three months ended March 31, 2017 Total Revenues by Major Customers (in thousands) Percentage of Total Company Revenues Customer A $ 309 19 % Customer C $ 224 14 % For the three months ended March 31, 2016 Total Revenues by Major Customers (in thousands) Percentage of Total Company Revenues Customer A $ 325 19 % Customer B $ 305 18 % |
Revenue from External Customers by Products and Services [Table Text Block] | 2017 2016 Revenues: Commercial products $ 1,078 $ 1,047 Defense products 550 666 Total revenues $ 1,628 $ 1,713 |
Revenue from External Customers by Geographic Areas [Table Text Block] | 2017 2016 North America $ 1,002 $ 939 Europe 514 755 Other 9 8 South Korea 103 11 Total revenues $ 1,628 $ 1,713 |
Note 1 - Description of Busin29
Note 1 - Description of Business (Details Textual) | 3 Months Ended |
Mar. 31, 2017 | |
Number of Reportable Segments | 2 |
Note 2 - Liquidity, Financial30
Note 2 - Liquidity, Financial Condition and Management's Plans (Details Textual) - USD ($) | May 05, 2017 | Apr. 05, 2017 | Apr. 03, 2017 | Mar. 31, 2017 | Mar. 24, 2017 | Mar. 20, 2017 | Mar. 15, 2017 | Mar. 09, 2017 | Feb. 28, 2017 | Mar. 31, 2017 | Mar. 31, 2016 | Mar. 28, 2017 | Dec. 31, 2016 | Oct. 21, 2016 | Dec. 31, 2015 |
Cash and Cash Equivalents, at Carrying Value | $ 1,138,000 | $ 1,138,000 | $ 1,158,000 | $ 996,000 | $ 1,241,000 | ||||||||||
Retained Earnings (Accumulated Deficit) | (13,152,000) | (13,152,000) | $ (12,158,000) | ||||||||||||
Working Capital | $ 1,535,000 | 1,535,000 | |||||||||||||
Net Income (Loss) Attributable to Parent | $ (994,000) | $ (193,000) | |||||||||||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights | 357,143 | 333,333 | 530,000 | ||||||||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ 0.68 | $ 0.70 | $ 0.68 | ||||||||||||
Debt Instrument, Face Amount | $ 400,000 | ||||||||||||||
Stock Issued During Period, Shares, New Issues | 500,000 | ||||||||||||||
Demand Promissory Notes [Member] | |||||||||||||||
Proceeds from Issuance of Debt | $ 250,000 | ||||||||||||||
Subsequent Event [Member] | |||||||||||||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights | 180,000 | ||||||||||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ 0.90 | ||||||||||||||
Philou Ventures, LLC [Member] | |||||||||||||||
Preferred Stock Purchase Agreement, Maximum Investment Amount Agreed Upon | $ 5,000,000 | ||||||||||||||
Preferred Stock Purchase Agreement, Term | 3 years | ||||||||||||||
Philou Ventures, LLC [Member] | Series B Preferred Stock [Member] | |||||||||||||||
Stock Issued During Period, Shares, New Issues | 25,000 | ||||||||||||||
Philou Ventures, LLC [Member] | Series B Preferred Stock [Member] | Subsequent Event [Member] | |||||||||||||||
Stock Issued During Period, Shares, New Issues | 50,000 | ||||||||||||||
Stock Issued During Period, Value, New Issues | $ 500,000 | ||||||||||||||
MTIX [Member] | Subsequent Event [Member] | MLSE Plasma-Laser System [Member] | |||||||||||||||
Supply Commitment, Term | 3 years | ||||||||||||||
Supply Commitment, Amount Committed | $ 50,000,000 | $ 50,000,000 | |||||||||||||
Common Stock [Member] | Subsequent Event [Member] | |||||||||||||||
Stock Issued During Period, Shares, New Issues | 360,000 | ||||||||||||||
Shares Issued, Price Per Share | $ 0.75 | ||||||||||||||
Common Stock [Member] | Holders of Demand Promissory Notes [Member] | |||||||||||||||
Stock Issued During Period, Shares, New Issues | 666,667 | ||||||||||||||
Shares Issued, Price Per Share | $ 0.60 | ||||||||||||||
Common Stock [Member] | One Investor [Member] | |||||||||||||||
Stock Issued During Period, Shares, New Issues | 500,000 | ||||||||||||||
Shares Issued, Price Per Share | $ 0.60 | ||||||||||||||
Stock Issued During Period, Value, New Issues | $ 300,000 | ||||||||||||||
Demand Promissory Notes [Member] | |||||||||||||||
Extinguishment of Debt, Amount | $ 400,000 | ||||||||||||||
Debt Due to MCKEA [Member] | |||||||||||||||
Extinguishment of Debt, Amount | $ 250,000 | ||||||||||||||
Demand Promissory Notes [Member] | |||||||||||||||
Proceeds from Notes Payable | 400,000 | ||||||||||||||
Debt Instrument, Face Amount | $ 400,000 | $ 270,000 | |||||||||||||
Proceeds from Issuance of Debt | $ 220,000 | ||||||||||||||
Demand Promissory Notes [Member] | Subsequent Event [Member] | |||||||||||||||
Proceeds from Issuance of Debt | $ 50,000 |
Note 3 - Basis of Presentatio31
Note 3 - Basis of Presentation and Significant Accounting Policies (Details Textual) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | |||
Mar. 31, 2017 | Mar. 31, 2016 | Feb. 28, 2017 | Dec. 31, 2016 | |
Standard and Extended Product Warranty Accrual | $ 86 | $ 86 | ||
Available-for-sale Securities | 1,653 | 1,036 | ||
Payments to Acquire Investments | 610 | |||
Amortization of Debt Discount (Premium) | $ 195 | $ 0 | ||
Class of Warrant or Right, Outstanding | 2,439,602 | |||
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ 0.68 | $ 0.70 | ||
Warrant [Member] | ||||
Class of Warrant or Right, Outstanding | 317,460 | |||
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ 0.01 | |||
Common Stock [Member] | ||||
Payments to Acquire Investments | $ 20 | |||
Avalanche International Corp. [Member] | ||||
Available-for-sale Securities | 1,561 | 952 | ||
Available-for-sale Securities, Equity Securities | $ 92 | $ 84 | ||
Minimum [Member] | ||||
Warranty Period | 1 year | |||
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ 0.01 | |||
Maximum [Member] | ||||
Warranty Period | 2 years | |||
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ 0.90 |
Note 3 - Basis of Presentatio32
Note 3 - Basis of Presentation and Significant Accounting Policies - Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
Available-for-sale Securities | $ 1,653 | $ 1,036 |
Avalanche International Corp. [Member] | ||
Available-for-sale Securities | 1,561 | 952 |
Fair Value, Measurements, Recurring [Member] | Avalanche International Corp. [Member] | ||
Available-for-sale Securities | 1,653 | 1,036 |
Fair Value, Measurements, Recurring [Member] | Avalanche International Corp. [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Available-for-sale Securities | 92 | 84 |
Fair Value, Measurements, Recurring [Member] | Avalanche International Corp. [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Available-for-sale Securities | 1,561 | 952 |
Fair Value, Measurements, Recurring [Member] | Avalanche International Corp. [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Available-for-sale Securities | ||
Fair Value, Measurements, Recurring [Member] | Other Companies [Member] | ||
Available-for-sale Securities | 20 | |
Fair Value, Measurements, Recurring [Member] | Other Companies [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Available-for-sale Securities | 20 | |
Fair Value, Measurements, Recurring [Member] | Other Companies [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Available-for-sale Securities | ||
Fair Value, Measurements, Recurring [Member] | Other Companies [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Available-for-sale Securities |
Note 3 - Basis of Presentatio33
Note 3 - Basis of Presentation and Significant Accounting Policies - Anti-dilutive Securities (Details) - shares | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Anti-dilutive securities (in shares) | 6,208,921 | 1,106,000 |
Employee Stock Option [Member] | ||
Anti-dilutive securities (in shares) | 2,766,000 | 1,106,000 |
Warrant [Member] | ||
Anti-dilutive securities (in shares) | 2,122,142 | |
Convertible Notes [Member] | ||
Anti-dilutive securities (in shares) | 963,636 | |
Convertible Debt Securities [Member] | ||
Anti-dilutive securities (in shares) | 357,143 |
Note 4 - Investments - Relate34
Note 4 - Investments - Related Parties (Details Textual) | 3 Months Ended | ||||
Mar. 31, 2017USD ($)$ / sharesshares | Feb. 22, 2017USD ($) | Dec. 31, 2016USD ($) | Nov. 30, 2016USD ($) | Oct. 05, 2016USD ($) | |
Share Price | $ / shares | $ 0.84 | ||||
Avalanche International Corp. [Member] | |||||
Share Price | $ / shares | 0.30 | ||||
Avalanche International Corp. [Member] | Minimum [Member] | |||||
Share Price | $ / shares | 0.12 | ||||
Avalanche International Corp. [Member] | Maximum [Member] | |||||
Share Price | $ / shares | $ 0.30 | ||||
Avalanche International Corp. [Member] | |||||
Financing Receivable, State Interest Rate | 12.00% | ||||
Financing Receivable, Gross | $ 525,000 | $ 1,500,000 | |||
Financing Receivable, Conversion Ratio | 0.74536 | ||||
Financing Receivable, Convertible Feature, Number of Shares Issuable | shares | 2,113,086 | ||||
Notes Receivable, October 5, 2016 [Member] | Avalanche International Corp. [Member] | |||||
Financing Receivable, State Interest Rate | 12.00% | ||||
Financing Receivable, Gross | $ 525,000 | ||||
Financing Receivable, Discount Rate | 5.00% | 5.00% | |||
Financing Receivable, Discount | $ 75,000 | ||||
Notes Receivable [Member] | Avalanche International Corp. [Member] | |||||
Financing Receivable, State Interest Rate | 12.00% | ||||
Financing Receivable, Discount Rate | 5.00% | ||||
Financing Receivable, Discount | $ 78,000 | ||||
Financing Receivable, Conversion Ratio | 0.74536 | ||||
Financing Receivable, Convertible Feature, Number of Shares Issuable | shares | 2,113,086 | ||||
Interest Income, Related Party | $ 7,000 | ||||
Interest Receivable | $ 47,000 | $ 13,000 | |||
Excess Funding of Note Receivable [Member] | Avalanche International Corp. [Member] | |||||
Financing Receivable, State Interest Rate | 12.00% | ||||
Financing Receivable, Gross | $ 52,000 | ||||
Financing Receivable, Discount Rate | 5.00% | ||||
Financing Receivable, Discount | $ 52,000 | ||||
Notes Receivable February 22, 2017 [Member] | Avalanche International Corp. [Member] | |||||
Financing Receivable, State Interest Rate | 12.00% | ||||
Financing Receivable, Gross | $ 525,000 | ||||
Financing Receivable, Discount | $ 75,000 | ||||
Notes Receivable, November 30, 2016 [Member] | Avalanche International Corp. [Member] | |||||
Financing Receivable, State Interest Rate | 12.00% | ||||
Financing Receivable, Gross | $ 525,000 | ||||
Financing Receivable, Discount Rate | 5.00% | ||||
Financing Receivable, Discount | $ 75,000 |
Note 4 - Investments - Relate35
Note 4 - Investments - Related Parties - Investments in AVLP (Details) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended |
Mar. 31, 2017 | Dec. 31, 2016 | |
Available-for-sale Securities | $ 1,653 | $ 1,036 |
Avalanche International Corp. [Member] | ||
Investment in convertible promissory note of AVLP | 1,630 | 997 |
Investment in common stock of AVLP | 91 | 84 |
Total investment in AVLP – Gross | 1,721 | 1,081 |
Less: original issue discount | (68) | (45) |
Available-for-sale Securities | $ 1,653 | $ 1,036 |
Note 5 - Stock-based Compensa36
Note 5 - Stock-based Compensation (Details Textual) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Allocated Share-based Compensation Expense | $ 124 | $ 44 |
Share Price | $ 0.84 | |
Aggregate Stock-based Compensation [Member] | ||
Allocated Share-based Compensation Expense | $ 157 | |
Warrant [Member] | ||
Allocated Share-based Compensation Expense | 23 | |
Restricted Stock [Member] | ||
Allocated Share-based Compensation Expense | $ 10 | |
Incentive Share Option Plan [Member] | ||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized | 5,372,630 | |
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | 4 years | |
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant | 2,812,630 | |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross | 510,000 | |
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price | $ 0.60 | |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Granted, Grant Date Fair Value | $ 229 | |
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized | $ 593 | |
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition | 2 years 109 days | |
Incentive Share Option Plan [Member] | Minimum [Member] | ||
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period | 5 years | |
Incentive Share Option Plan [Member] | Maximum [Member] | ||
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period | 10 years |
Note 5 - Stock-based Compensa37
Note 5 - Stock-based Compensation - Fair Value of Stock Option Assumptions (Details) | 3 Months Ended |
Mar. 31, 2017$ / shares | |
Weighted average fair value (in dollars per share) | $ 0.45 |
Dividend yield | 0.00% |
Expected volatility, minimum | 98.40% |
Expected volatility, maximum | 98.50% |
Risk-free interest rate, minimum | 1.89% |
Risk-free interest rate, maximum | 2.14% |
Expected life (years) (Year) | 5 years |
Note 5 - Stock-based Compensa38
Note 5 - Stock-based Compensation - Options Outstanding (Details) | 3 Months Ended |
Mar. 31, 2017$ / sharesshares | |
Exercise price, upper limit (in dollars per share) | |
Options outstanding (in shares) | shares | 2,766,000 |
Weighted average remaining contractual term, outstanding (Year) | 8 years 200 days |
Weighted average exercise price, outstanding (in dollars per share) | $ 0.79 |
Options exercisable (in shares) | shares | 1,515,167 |
Weighted average exercise price, options exercisable (in dollars per share) | $ 0.86 |
Exercise Price Range 1 [Member] | |
Exercise price, lower limit (in dollars per share) | 0.65 |
Exercise price, upper limit (in dollars per share) | $ 0.79 |
Options outstanding (in shares) | shares | 2,375,000 |
Weighted average remaining contractual term, outstanding (Year) | 9 years 229 days |
Weighted average exercise price, outstanding (in dollars per share) | $ 0.66 |
Options exercisable (in shares) | shares | 1,184,167 |
Weighted average exercise price, options exercisable (in dollars per share) | $ 0.66 |
Exercise Price Range 2 [Member] | |
Exercise price, lower limit (in dollars per share) | 1.10 |
Exercise price, upper limit (in dollars per share) | $ 1.32 |
Options outstanding (in shares) | shares | 25,000 |
Weighted average remaining contractual term, outstanding (Year) | 6 years 215 days |
Weighted average exercise price, outstanding (in dollars per share) | $ 1.28 |
Options exercisable (in shares) | shares | 15,000 |
Weighted average exercise price, options exercisable (in dollars per share) | $ 1.25 |
Exercise Price Range 3 [Member] | |
Exercise price, lower limit (in dollars per share) | 1.51 |
Exercise price, upper limit (in dollars per share) | $ 1.69 |
Options outstanding (in shares) | shares | 366,000 |
Weighted average remaining contractual term, outstanding (Year) | 5 years 116 days |
Weighted average exercise price, outstanding (in dollars per share) | $ 1.60 |
Options exercisable (in shares) | shares | 316,000 |
Weighted average exercise price, options exercisable (in dollars per share) | $ 1.59 |
Note 5 - Stock-based Compensa39
Note 5 - Stock-based Compensation - Stock-based Compensation Expense (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Stock-based compensation | $ 124 | $ 44 |
Cost of Revenues [Member] | ||
Stock-based compensation | 1 | 2 |
Engineering and Product Development [Member] | ||
Stock-based compensation | 7 | 1 |
Selling and Marketing Expense [Member] | ||
Stock-based compensation | 5 | 4 |
General and Administrative Expense [Member] | ||
Stock-based compensation | $ 111 | $ 37 |
Note 5 - Stock-based Compensa40
Note 5 - Stock-based Compensation - Summary of Option Activity (Details) - Incentive Share Option Plan [Member] - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | 12 Months Ended |
Mar. 31, 2017 | Dec. 31, 2016 | |
Balance (in shares) | 2,256,000 | |
Balance, weighted average exercise price (in dollars per share) | $ 0.83 | |
Balance, weighted average remaining contractual term (Year) | 9 years 10 days | 9 years 29 days |
Granted (in shares) | 510,000 | |
Granted, weighted average exercise price (in dollars per share) | $ 0.60 | |
Balance (in shares) | 2,766,000 | 2,256,000 |
Balance, weighted average exercise price (in dollars per share) | $ 0.79 | $ 0.83 |
Balance, aggregate intrinsic value | $ 433 | |
Exercisable (in shares) | 1,515,167 | |
Exercisable, weighted average exercise price (in dollars per share) | $ 0.86 | |
Exercisable, weighted average remaining contractual term (Year) | 8 years 200 days | |
Exercisable, aggregate intrinsic value | $ 210 |
Note 6 - Warrants (Details Text
Note 6 - Warrants (Details Textual) - USD ($) | Mar. 24, 2017 | Nov. 15, 2016 | Nov. 03, 2016 | Mar. 31, 2017 | Dec. 31, 2016 | Mar. 31, 2016 | Dec. 31, 2016 | Feb. 28, 2017 | Oct. 21, 2016 |
Class of Warrant or Right, Issued During Period | 690,476 | 1,749,126 | 1,749,126 | ||||||
Class of Warrant or Right, Issued During Period, Exercise Price | 0.7 | 0.67 | 0.67 | ||||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights | 357,143 | 333,333 | 530,000 | ||||||
Debt Instrument, Face Amount | $ 400,000 | ||||||||
Debt Instrument, Interest Rate, Stated Percentage | 6.00% | ||||||||
Warrant Term | 4 years 87 days | ||||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ 0.68 | $ 0.70 | |||||||
Allocated Share-based Compensation Expense | $ 124,000 | $ 44,000 | |||||||
General and Administrative Expense [Member] | |||||||||
Allocated Share-based Compensation Expense | 111,000 | 37,000 | |||||||
Chief Executive Officer [Member] | |||||||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights | 317,460 | ||||||||
Warrant Term | 10 years | ||||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ 0.01 | ||||||||
Warrants and Rights Outstanding | $ 188,000 | ||||||||
Warrant, Amortization Period | 2 years | ||||||||
Chief Executive Officer [Member] | General and Administrative Expense [Member] | |||||||||
Allocated Share-based Compensation Expense | 23,000 | $ 0 | |||||||
Chief Executive Officer [Member] | Vest Beginning on January 1, 2017 [Member] | |||||||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights | 39,682 | ||||||||
Chief Executive Officer [Member] | Vest Beginning on October 1, 2017 [Member] | |||||||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights | 39,686 | ||||||||
Warrant [Member] | |||||||||
Allocated Share-based Compensation Expense | $ 23,000 | ||||||||
Subscription Agreement [Member] | |||||||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights | 901,666 | ||||||||
Stock and Warrants Issued During Period, Shares | 901,666 | ||||||||
Class of Warrant or Right, Number of Securities Called by Each Warrant or Right | 1 | ||||||||
Warrant Term | 3 years | ||||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ 0.80 | ||||||||
Subscription Agreement [Member] | Common Stock [Member] | |||||||||
Units, Number of Securities Called by Each Unit | 1 | ||||||||
Subscription Agreement [Member] | Warrant [Member] | |||||||||
Units, Number of Securities Called by Each Unit | 1 | ||||||||
Convertible Debt [Member] | |||||||||
Debt Instrument, Face Amount | $ 530,000 | ||||||||
Debt Instrument, Interest Rate, Stated Percentage | 12.00% | 12.00% | 12.00% | 12.00% | |||||
Philou [Member] | Series B Preferred Stock [Member] | |||||||||
Stock Issued During Period, Value, New Issues | $ 25,000 |
Note 6 - Warrants - Common Stoc
Note 6 - Warrants - Common Stock Warrants Outstanding (Details) - $ / shares | 3 Months Ended | |
Mar. 31, 2017 | Feb. 28, 2017 | |
Warrants, outstanding (in shares) | 2,439,602 | |
Warrants, outstanding, weighted average remaining contractual life (Year) | 4 years 87 days | |
Warrants, outstanding, weighted average exercise price (in dollars per share) | $ 0.68 | $ 0.70 |
Warrants, exercisable (in shares) | 39,682 | |
Warrants, exercisable, weighted average exercise price (in dollars per share) | $ 0.01 | |
Minimum [Member] | ||
Warrants, outstanding, weighted average exercise price (in dollars per share) | 0.01 | |
Maximum [Member] | ||
Warrants, outstanding, weighted average exercise price (in dollars per share) | $ 0.90 | |
Warrant Exercise Price Range 1 [Member] | ||
Warrants, outstanding (in shares) | 317,460 | |
Warrants, outstanding, weighted average remaining contractual life (Year) | 9 years 215 days | |
Warrants, outstanding, weighted average exercise price (in dollars per share) | $ 0.01 | |
Warrants, exercisable (in shares) | 39,682 | |
Warrants, exercisable, weighted average exercise price (in dollars per share) | $ 0.01 | |
Warrant Exercise Price Range 2 [Member] | ||
Warrants, outstanding (in shares) | 690,476 | |
Warrants, outstanding, weighted average remaining contractual life (Year) | 5 years 69 days | |
Warrants, outstanding, weighted average exercise price (in dollars per share) | $ 0.70 | |
Warrants, exercisable (in shares) | ||
Warrants, exercisable, weighted average exercise price (in dollars per share) | ||
Warrant Exercise Price Range 3 [Member] | ||
Warrants, outstanding (in shares) | 1,166,666 | |
Warrants, outstanding, weighted average remaining contractual life (Year) | 2 years 222 days | |
Warrants, outstanding, weighted average exercise price (in dollars per share) | $ 0.80 | |
Warrants, exercisable (in shares) | ||
Warrants, exercisable, weighted average exercise price (in dollars per share) | ||
Warrant Exercise Price Range 4 [Member] | ||
Warrants, outstanding (in shares) | 265,000 | |
Warrants, outstanding, weighted average remaining contractual life (Year) | 2 years 204 days | |
Warrants, outstanding, weighted average exercise price (in dollars per share) | $ 0.90 | |
Warrants, exercisable (in shares) | ||
Warrants, exercisable, weighted average exercise price (in dollars per share) |
Note 6 - Warrants - Fair Value
Note 6 - Warrants - Fair Value Assumptions of Warrants (Details) | 3 Months Ended |
Mar. 31, 2017$ / shares | |
Weighted average risk free interest rate, minimum | 1.89% |
Weighted average risk free interest rate, maximum | 2.14% |
Weighted average contractual life (in years) (Year) | 5 years |
Volatility, minimum | 98.40% |
Volatility, maximum | 98.50% |
Expected dividend yield | 0.00% |
Warrant [Member] | |
Weighted average risk free interest rate, minimum | 1.86% |
Weighted average risk free interest rate, maximum | 2.01% |
Weighted average contractual life (in years) (Year) | 5 years |
Volatility, minimum | 98.50% |
Volatility, maximum | 104.60% |
Expected dividend yield | 0.00% |
Weighted average grant-date fair value per share of warrants granted (in dollars per share) | $ 0.55 |
Note 7 - Notes Payable - Rela44
Note 7 - Notes Payable - Related Parties (Details Textual) - USD ($) | 3 Months Ended | |||||
Mar. 31, 2017 | Mar. 20, 2017 | Feb. 28, 2017 | Dec. 31, 2016 | Dec. 29, 2016 | ||
Notes Payable, Related Parties, Current | $ 250,000 | $ 250,000 | ||||
Debt Instrument, Interest Rate, Stated Percentage | 6.00% | |||||
Interest Payable | 16,000 | 12,000 | ||||
JLA Realty [Member] | Digital Power Corporation [Member] | ||||||
Equity Method Investment, Shares Owned | 666,667 | |||||
MCKEA [Member] | ||||||
Notes Payable, Related Parties, Current | [1] | 250,000 | ||||
MCKEA [Member] | Notes Payable, Other Payables [Member] | ||||||
Notes Payable, Related Parties, Current | $ 250 | |||||
Debt Instrument, Interest Rate, Stated Percentage | 6.00% | |||||
Interest Payable | 0 | |||||
Gain (Loss) on Cancellation of Notes Payable | 0 | |||||
JLA Realty [Member] | ||||||
Notes Payable, Related Parties, Current | [2] | 250,000 | ||||
JLA Realty [Member] | Notes Payable, Other Payables [Member] | ||||||
Notes Payable, Related Parties, Current | $ 250,000 | |||||
Debt Instrument, Interest Rate, Stated Percentage | 6.00% | |||||
Interest Payable | $ 0 | |||||
[1] | On December 29, 2016, the Company entered into an agreement with MCKEA Holdings, LLC ("MCKEA"). MCKEA is the majority member of Philou Ventures, LLC, which is the Company's controlling shareholder. Kristine L. Ault, a director and the wife of Milton C. Ault III, Executive Chairman of the Company's Board of Directors, is the manager and owner of MCKEA, for a demand promissory note (The "MCKEA Note") in the amount of $250 bearing interest at the rate of 6% per annum on unpaid principal. The MCKEA Note may be prepaid, in whole or in part, without penalty, at the option of the Company and without the consent of MCKEA. As of December 31, 2016, no interest was accrued on the MCKEA Note. On March 24, 2017, the MCKEA Note was cancelled to purchase the Company's Series B Preferred Stock pursuant to the terms of the Preferred Stock Purchase Agreement entered into on March 9, 2017 (See Note 11). Since there was no difference between the reacquisition price and the net carrying value of the cancelled debt, no gain or loss was recognized as a result of this transaction. | |||||
[2] | On March 20, 2017, the Company entered into an agreement with JLA Realty Associates, LLC ("JLA Realty") for a demand promissory note (the "JLA Note") in the amount of $250 accruing interest at the rate of 6% per annum on unpaid principal. JLA Realty owns 666,667 shares of the Company's common stock and therefore a greater than 5% beneficial owner of the Company. The JLA Note may be prepaid, in whole or in part, without penalty, at the option of the Company and without the consent of JLA. As of March 31, 2017, no interest was accrued on the JLA Note. |
Note 7 - Notes Payable - Rela45
Note 7 - Notes Payable - Related Parties - Notes Outstanding (Details) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 | |
Notes payable - related party | $ 250 | $ 250 | |
MCKEA [Member] | |||
Notes payable - related party | [1] | 250 | |
JLA Realty [Member] | |||
Notes payable - related party | [2] | $ 250 | |
[1] | On December 29, 2016, the Company entered into an agreement with MCKEA Holdings, LLC ("MCKEA"). MCKEA is the majority member of Philou Ventures, LLC, which is the Company's controlling shareholder. Kristine L. Ault, a director and the wife of Milton C. Ault III, Executive Chairman of the Company's Board of Directors, is the manager and owner of MCKEA, for a demand promissory note (The "MCKEA Note") in the amount of $250 bearing interest at the rate of 6% per annum on unpaid principal. The MCKEA Note may be prepaid, in whole or in part, without penalty, at the option of the Company and without the consent of MCKEA. As of December 31, 2016, no interest was accrued on the MCKEA Note. On March 24, 2017, the MCKEA Note was cancelled to purchase the Company's Series B Preferred Stock pursuant to the terms of the Preferred Stock Purchase Agreement entered into on March 9, 2017 (See Note 11). Since there was no difference between the reacquisition price and the net carrying value of the cancelled debt, no gain or loss was recognized as a result of this transaction. | ||
[2] | On March 20, 2017, the Company entered into an agreement with JLA Realty Associates, LLC ("JLA Realty") for a demand promissory note (the "JLA Note") in the amount of $250 accruing interest at the rate of 6% per annum on unpaid principal. JLA Realty owns 666,667 shares of the Company's common stock and therefore a greater than 5% beneficial owner of the Company. The JLA Note may be prepaid, in whole or in part, without penalty, at the option of the Company and without the consent of JLA. As of March 31, 2017, no interest was accrued on the JLA Note. |
Note 8 - Notes Payable (Details
Note 8 - Notes Payable (Details Textual) - USD ($) | Apr. 05, 2017 | Apr. 03, 2017 | Mar. 31, 2017 | Mar. 28, 2017 | Feb. 23, 2017 | Oct. 21, 2016 | Feb. 28, 2017 | Mar. 31, 2017 | Mar. 31, 2016 | Mar. 24, 2017 | Dec. 31, 2016 |
Debt Instrument, Face Amount | $ 400,000 | ||||||||||
Debt Instrument, Interest Rate, Stated Percentage | 6.00% | ||||||||||
Class of Warrant or Right, Term | 5 years | ||||||||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights | 530,000 | 333,333 | 357,143 | ||||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ 0.68 | $ 0.70 | $ 0.68 | ||||||||
Debt Instrument, Unamortized Discount | $ 441,000 | $ 151,000 | $ 441,000 | $ 484,000 | |||||||
Cancellation of Convertible Securities, Number of Securities Called by Convertible Securities | 666,667 | ||||||||||
Cancellation of Convertible Securities, Exercise Price of Convertible Securities | $ 0.60 | ||||||||||
Interest Expense Due to Conversion of Debt | $ 13,000 | $ 13,000 | |||||||||
Debt Conversion, Original Debt, Amount | 400,000 | ||||||||||
Proceeds from Convertible Debt | $ 500,000 | ||||||||||
Subsequent Event [Member] | |||||||||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights | 180,000 | ||||||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ 0.90 | ||||||||||
Cancellation of Convertible Securities, Number of Securities Called by Convertible Securities | 360,000 | ||||||||||
Cancellation of Convertible Securities, Exercise Price of Convertible Securities | $ 0.75 | ||||||||||
Demand Promissory Notes [Member] | |||||||||||
Debt Instrument, Face Amount | $ 270,000 | $ 400,000 | |||||||||
Debt Instrument, Interest Rate, Stated Percentage | 6.00% | ||||||||||
Debt Conversion, Original Debt, Amount | $ 400,000 | ||||||||||
Proceeds from Convertible Debt | $ 220,000 | $ 270,000 | |||||||||
Demand Promissory Notes [Member] | Subsequent Event [Member] | |||||||||||
Proceeds from Convertible Debt | $ 50,000 |
Note 9 - Other Current Liabil47
Note 9 - Other Current Liabilities - Summary of Other Current Liabilities (Details) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
Accrued payroll and payroll taxes | $ 190 | $ 128 |
Warranty liability | 86 | 86 |
Other accrued expenses | 171 | 184 |
Total | $ 448 | $ 398 |
Note 10 - Convertible Note - 48
Note 10 - Convertible Note - Related Party (Details Textual) - USD ($) | Oct. 21, 2016 | Mar. 31, 2017 | Mar. 24, 2017 | Feb. 28, 2017 | Dec. 31, 2016 |
Debt Instrument, Interest Rate, Stated Percentage | 6.00% | ||||
Debt Instrument, Face Amount | $ 400,000 | ||||
Debt Discount, Original Issue Discount | $ 30,000 | ||||
Proceeds from Convertible Debt | $ 500,000 | ||||
Debt Instrument, Convertible, Conversion Price | $ 0.55 | ||||
Debt Instrument, Compel to Convert Option, Minimum Share Price | $ 3 | ||||
Warrant Term | 4 years 87 days | ||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights | 530,000 | 357,143 | 333,333 | ||
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ 0.68 | $ 0.70 | |||
Warrant, Exercisable Term | 180 days | ||||
Warrant, Force Redemption Price | $ 0.001 | ||||
Adjustments to Additional Paid in Capital, Warrant Issued | $ 159,000 | ||||
Debt Discount, Beneficiary Conversion Feature | 329,000 | ||||
Debt Discount | 518,000 | ||||
Debt Discount, Warrant | 159,000 | ||||
Debt Issuance Costs, Gross | $ 13,000 | ||||
Interest Expense, Debt | $ 44,000 | ||||
Interest Payable | $ 16,000 | $ 12,000 | |||
Warrant One [Member] | |||||
Warrant Term | 3 years | ||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights | 265,000 | ||||
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ 0.80 | ||||
Warrant Two [Member] | |||||
Warrant Term | 3 years | ||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights | 265,000 | ||||
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ 0.90 | ||||
Convertible Debt [Member] | |||||
Debt Instrument, Interest Rate, Stated Percentage | 12.00% | 12.00% | 12.00% | ||
Debt Instrument, Face Amount | $ 530,000 | ||||
Debt Discount, Original Issue Discount | $ 30,000 | ||||
Interest Expense, Debt | $ 16,000 |
Note 10 - Convertible Note - 49
Note 10 - Convertible Note - Related Party - Convertible Note (Details) - USD ($) $ in Thousands | Mar. 31, 2017 | Feb. 28, 2017 | Dec. 31, 2016 |
12% Convertible secured note | $ 530 | $ 530 | |
Unamortized debt discounts | (441) | $ (151) | (484) |
Unamortized financing cost | (11) | (12) | |
Total Convertible note – related party | $ 78 | $ 34 |
Note 10 - Convertible Note - 50
Note 10 - Convertible Note - Related Party - Convertible Note (Details) (Parentheticals) | Mar. 31, 2017 | Feb. 28, 2017 | Dec. 31, 2016 | Oct. 21, 2016 |
Stated interest rate | 6.00% | |||
Convertible Debt [Member] | ||||
Stated interest rate | 12.00% | 12.00% | 12.00% |
Note 11 - Stockholders' Equity
Note 11 - Stockholders' Equity (Details Textual) - USD ($) | Mar. 24, 2017 | Mar. 15, 2017 | Mar. 09, 2017 | Mar. 08, 2017 | Feb. 23, 2017 | Nov. 15, 2016 | Mar. 31, 2017 | Feb. 28, 2017 | Dec. 31, 2016 | Oct. 21, 2016 |
Preferred Stock, Shares Authorized | 1,000,000 | 1,000,000 | ||||||||
Stock Issued During Period, Shares, New Issues | 500,000 | |||||||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights | 357,143 | 333,333 | 530,000 | |||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ 0.68 | $ 0.70 | ||||||||
Warrant Term | 4 years 87 days | |||||||||
Cancellation of Convertible Securities, Number of Securities Called by Convertible Securities | 666,667 | |||||||||
Cancellation of Convertible Securities, Exercise Price of Convertible Securities | $ 0.60 | |||||||||
Debt Conversion, Original Debt, Amount | $ 400,000 | |||||||||
Sale of Stock, Price Per Share | $ 0.60 | |||||||||
Proceeds from Issuance of Common Stock | $ 300,000 | |||||||||
Preferred Stock, Par or Stated Value Per Share | $ 0 | $ 0 | ||||||||
Preferred Stock, Shares Issued | 0 | 0 | ||||||||
Preferred Stock, Shares Outstanding | 0 | 0 | ||||||||
Consultant [Member] | ||||||||||
Stock Issued During Period, Shares, Issued for Services | 12,549 | |||||||||
Stock Issued During Period, Value, Issued for Services | $ 10,000 | |||||||||
Sale of Stock, Price Per Share | $ 0.80 | |||||||||
Demand Promissory Notes [Member] | ||||||||||
Debt Conversion, Original Debt, Amount | $ 400,000 | |||||||||
Subscription Agreement [Member] | ||||||||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights | 901,666 | |||||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ 0.80 | |||||||||
Stock and Warrants Issued During Period, Shares | 901,666 | |||||||||
Shares Issued, Price Per Share | $ 0.60 | |||||||||
Stock and Warrants Issued During Period, Value | $ 541,000 | |||||||||
Subscription Agreement, Participate, Trigger Amount | $ 100,000 | |||||||||
Warrant Term | 3 years | |||||||||
Affiliate of Philou [Member] | ||||||||||
Debt Instrument, Amount Cancelled | $ 250,000 | |||||||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights | 357,143 | |||||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ 0.70 | |||||||||
Warrants and Rights Outstanding | $ 120,000 | |||||||||
Total Preferred and Convertible Preferred Stock [Member] | ||||||||||
Preferred Stock, Shares Authorized | 2,000,000 | |||||||||
Series A Preferred Stock [Member] | ||||||||||
Preferred Stock, Shares Authorized | 500,000 | |||||||||
Temporary Equity, Shares Issued | 0 | 0 | ||||||||
Temporary Equity, Shares Outstanding | 0 | 0 | ||||||||
Series B Preferred Stock [Member] | ||||||||||
Preferred Stock, Shares Authorized | 500,000 | |||||||||
Temporary Equity, Shares Issued | 25,000 | 0 | ||||||||
Temporary Equity, Stated Value Per Share | $ 10 | |||||||||
Threshold for Conversion of Preferred Stock, Minimum Gross Revenue | $ 10,000,000 | |||||||||
Preferred Stock, Percentage of Value for Conversion | 120.00% | |||||||||
Temporary Equity, Shares Outstanding | 25,000 | 0 | ||||||||
Series B Preferred Stock [Member] | Affiliate of Philou [Member] | ||||||||||
Convertible Preferred Stock, Beneficial Conversion Feature | $ 130,000 | |||||||||
Series B Preferred Stock [Member] | Dividends if Entire Issuance is Not Purchased [Member] | ||||||||||
Preferred Stock, Dividend Rate, Percentage | 0.00% | |||||||||
Series B Preferred Stock [Member] | Dividends if Entire Issuance is Purchased [Member] | ||||||||||
Preferred Stock, Dividend Rate, Percentage | 5.00% | |||||||||
Series B Preferred Stock [Member] | Preferred Stock Purchase Agreement [Member] | ||||||||||
Temporary Equity, Stated Value Per Share | $ 10 | |||||||||
Series B Preferred Stock [Member] | Philou [Member] | ||||||||||
Stock Issued During Period, Shares, New Issues | 25,000 | |||||||||
Series B Preferred Stock [Member] | Philou [Member] | Preferred Stock Purchase Agreement [Member] | ||||||||||
Stock Purchase Agreement, Maximum Investment | $ 5,000,000 | |||||||||
Stock Purchase Agreement, Term | 3 years | |||||||||
Temporary Equity, Redemption Price Per Share | $ 0.70 | |||||||||
Stock Required to Participate in Financing Agreements, Minimum Threshold | 100,000 |
Note 12 - Related Party Trans52
Note 12 - Related Party Transaction (Details Textual) | Mar. 24, 2017USD ($)shares | Mar. 15, 2017USD ($)$ / sharesshares | Mar. 09, 2017USD ($) | Mar. 03, 2017USD ($)$ / sharesshares | Dec. 29, 2016USD ($) | Oct. 26, 2016USD ($)shares | Oct. 24, 2016USD ($) | Oct. 21, 2016USD ($)$ / shares | Mar. 31, 2017USD ($)shares | Mar. 31, 2017USD ($)shares | Dec. 31, 2016USD ($)shares | Mar. 20, 2017USD ($)shares | Feb. 28, 2017USD ($) | Feb. 22, 2017USD ($) | |
Debt Instrument, Interest Rate, Stated Percentage | 6.00% | ||||||||||||||
Debt Instrument, Face Amount | $ 400,000 | ||||||||||||||
Proceeds from Convertible Debt | $ 500,000 | ||||||||||||||
Debt Instrument, Convertible, Conversion Price | $ / shares | $ 0.55 | ||||||||||||||
Interest Expense, Debt | $ 44,000 | ||||||||||||||
Stock Issued During Period, Shares, New Issues | shares | 500,000 | ||||||||||||||
Sale of Stock, Price Per Share | $ / shares | $ 0.60 | ||||||||||||||
Proceeds from Issuance of Common Stock | $ 300,000 | ||||||||||||||
Notes Payable, Related Parties, Current | $ 250,000 | $ 250,000 | $ 250,000 | ||||||||||||
MCKEA Short-term Loan [Member] | |||||||||||||||
Proceeds from Short-term Debt | $ 250,000 | ||||||||||||||
Cancellation of Short-term Borrowings | $ 250,000 | ||||||||||||||
Convertible Debt [Member] | |||||||||||||||
Debt Instrument, Interest Rate, Stated Percentage | 12.00% | 12.00% | 12.00% | 12.00% | |||||||||||
Debt Instrument, Face Amount | $ 530,000 | ||||||||||||||
Interest Expense, Debt | $ 16,000 | ||||||||||||||
The Consultant Mr. Ault [Member] | |||||||||||||||
Compensation | $ 45,000 | ||||||||||||||
MLSE Plasma-Laser System [Member] | |||||||||||||||
Long-term Purchase Commitment, Period | 3 years | ||||||||||||||
Long-term Purchase Commitment, Amount | $ 50,000,000 | ||||||||||||||
Avalanche International Corp. [Member] | |||||||||||||||
Weighted Average Number of Shares Outstanding, Diluted | shares | 52,128,325 | ||||||||||||||
JLA Realty [Member] | Digital Power Corporation [Member] | |||||||||||||||
Equity Method Investment, Shares Owned | shares | 666,667 | ||||||||||||||
Equity Method Investment, Ownership Percentage | 7.50% | ||||||||||||||
Series B Preferred Stock [Member] | MCKEA Short-term Loan [Member] | |||||||||||||||
Stock Issued During Period, Shares, New Issues | shares | 25,000 | ||||||||||||||
Avalanche International Corp. [Member] | |||||||||||||||
Available-for-sale Securities, Equity Securities, Number of Shares | shares | 17,080 | 17,080 | 250,900 | ||||||||||||
Available-for-sale Securities, Equity Securities | $ 7,000 | $ 7,000 | $ 85,000 | ||||||||||||
Avalanche International Corp. [Member] | |||||||||||||||
Financing Receivable, State Interest Rate | 12.00% | 12.00% | |||||||||||||
Financing Receivable, Gross | $ 525,000 | $ 525,000 | $ 1,500,000 | ||||||||||||
Financing Receivable, Conversion Ratio | 0.74536 | 0.74536 | |||||||||||||
Financing Receivable, Convertible Feature, Number of Shares Issuable | shares | 2,113,086 | 2,113,086 | |||||||||||||
Debt Instrument, Convertible, Conversion Ratio | 0.5 | ||||||||||||||
Stock Options, Number of Shares Called by Options | shares | 531,919 | ||||||||||||||
Avalanche International Corp. [Member] | Series B Preferred Stock [Member] | |||||||||||||||
Convertible Preferred Stock, Conversion Price | $ / shares | $ 0.50 | ||||||||||||||
Avalanche International Corp. [Member] | Subsequent Event [Member] | |||||||||||||||
Debt Instrument, Interest Rate, Stated Percentage | 7.00% | ||||||||||||||
Debt Instrument, Face Amount | $ 9,500,000 | ||||||||||||||
Avalanche International Corp. [Member] | MTIX [Member] | |||||||||||||||
Payments to Acquire Businesses, Gross | $ 50,000 | $ 50,000 | |||||||||||||
Avalanche International Corp. [Member] | MTIX [Member] | Series B Preferred Stock [Member] | |||||||||||||||
Stock Issued During Period, Shares, Acquisitions | shares | 100,000 | ||||||||||||||
Avalanche International Corp. [Member] | MTIX [Member] | Subsequent Event [Member] | |||||||||||||||
Payments to Acquire Businesses, Gross | $ 500,000 | ||||||||||||||
Avalanche International Corp. [Member] | Excess Funding of Note Receivable [Member] | |||||||||||||||
Financing Receivable, State Interest Rate | 12.00% | 12.00% | |||||||||||||
Financing Receivable, Gross | $ 52,000 | $ 52,000 | |||||||||||||
Financing Receivable, Discount Rate | 5.00% | 5.00% | |||||||||||||
Avalanche International Corp. [Member] | Notes Receivable [Member] | |||||||||||||||
Financing Receivable, State Interest Rate | 12.00% | 12.00% | |||||||||||||
Financing Receivable, Conversion Ratio | 0.74536 | 0.74536 | |||||||||||||
Financing Receivable, Convertible Feature, Number of Shares Issuable | shares | 2,113,086 | 2,113,086 | |||||||||||||
Financing Receivable, Discount Rate | 5.00% | 5.00% | |||||||||||||
Payments to Acquire Notes Receivable | $ 603,000 | 950,000 | |||||||||||||
Philou [Member] | Series B Preferred Stock [Member] | |||||||||||||||
Stock Issued During Period, Shares, New Issues | shares | 25,000 | ||||||||||||||
Philou [Member] | Series B Preferred Stock [Member] | Preferred Stock Purchase Agreement [Member] | |||||||||||||||
Stock Purchase Agreement, Maximum Investment | $ 5,000,000 | ||||||||||||||
Stock Purchase Agreement, Term | 3 years | ||||||||||||||
JLA Realty [Member] | |||||||||||||||
Notes Payable, Related Parties, Current | [1] | $ 250,000 | $ 250,000 | ||||||||||||
JLA Realty [Member] | Notes Payable, Other Payables [Member] | |||||||||||||||
Debt Instrument, Interest Rate, Stated Percentage | 6.00% | ||||||||||||||
Notes Payable, Related Parties, Current | $ 250,000 | ||||||||||||||
[1] | On March 20, 2017, the Company entered into an agreement with JLA Realty Associates, LLC ("JLA Realty") for a demand promissory note (the "JLA Note") in the amount of $250 accruing interest at the rate of 6% per annum on unpaid principal. JLA Realty owns 666,667 shares of the Company's common stock and therefore a greater than 5% beneficial owner of the Company. The JLA Note may be prepaid, in whole or in part, without penalty, at the option of the Company and without the consent of JLA. As of March 31, 2017, no interest was accrued on the JLA Note. |
Note 13 - Segment Customers a53
Note 13 - Segment Customers and Geographical Information (Details Textual) | 3 Months Ended |
Mar. 31, 2017 | |
Number of Reportable Segments | 2 |
Note 13 - Segment Customers a54
Note 13 - Segment Customers and Geographical Information - Segment Reporting (Details) - USD ($) $ in Thousands | 3 Months Ended | ||
Mar. 31, 2017 | Mar. 31, 2016 | Dec. 31, 2016 | |
Revenues | $ 1,628 | $ 1,713 | |
Inter-segment revenues | |||
Total Revenues by Major Customer | 1,628 | 1,713 | |
Depreciation and amortization expenses | 33 | 40 | |
Operating income (loss) | (787) | (200) | |
Other income, net | (207) | 7 | |
Income taxes | |||
Net loss: | (994) | (193) | |
Capital expenditures for segment assets | 3 | 72 | |
Identifiable assets | 5,705 | 4,927 | $ 5,472 |
Operating Segments [Member] | DPC [Member] | |||
Revenues | 1,013 | 948 | |
Inter-segment revenues | 25 | 6 | |
Total Revenues by Major Customer | 1,038 | 954 | |
Depreciation and amortization expenses | 19 | ||
Operating income (loss) | (744) | (214) | |
Other income, net | |||
Income taxes | |||
Net loss: | |||
Capital expenditures for segment assets | 23 | ||
Identifiable assets | 3,528 | 2,182 | |
Operating Segments [Member] | DPL [Member] | |||
Revenues | 615 | 765 | |
Inter-segment revenues | |||
Total Revenues by Major Customer | 615 | 765 | |
Depreciation and amortization expenses | 17 | 21 | |
Operating income (loss) | (43) | 14 | |
Other income, net | |||
Income taxes | |||
Net loss: | |||
Capital expenditures for segment assets | 2 | 49 | |
Identifiable assets | 2,177 | 2,745 | |
Intersegment Eliminations [Member] | |||
Revenues | |||
Inter-segment revenues | (25) | (6) | |
Total Revenues by Major Customer | (25) | (6) | |
Depreciation and amortization expenses | |||
Operating income (loss) | |||
Other income, net | |||
Income taxes | |||
Net loss: | |||
Capital expenditures for segment assets | |||
Identifiable assets | |||
Intersegment Eliminations [Member] | DPC [Member] | |||
Depreciation and amortization expenses | $ 16 |
Note 13 - Segment Customers a55
Note 13 - Segment Customers and Geographical Information - Customer Concentration Risk (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Total Revenues by Major Customer | $ 1,628 | $ 1,713 |
Customer Concentration Risk [Member] | Sales Revenue, Net [Member] | Customer A [Member] | ||
Total Revenues by Major Customer | $ 309 | $ 325 |
Percentage of Total Company Revenues | 19.00% | 19.00% |
Customer Concentration Risk [Member] | Sales Revenue, Net [Member] | Customer C [Member] | ||
Total Revenues by Major Customer | $ 224 | |
Percentage of Total Company Revenues | 14.00% | |
Customer Concentration Risk [Member] | Sales Revenue, Net [Member] | Customer B [Member] | ||
Total Revenues by Major Customer | $ 305 | |
Percentage of Total Company Revenues | 18.00% |
Note 13 - Segment Customers a56
Note 13 - Segment Customers and Geographical Information - Revenue From External Customers by Product Line (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Revenues | $ 1,628 | $ 1,713 |
Commercial Products [Member] | ||
Revenues | 1,078 | 1,047 |
Defense Products [Member] | ||
Revenues | $ 550 | $ 666 |
Note 13 - Segment Customers a57
Note 13 - Segment Customers and Geographical Information - Revenue From External Customers by Geographic Area (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Revenues | $ 1,628 | $ 1,713 |
North America [Member] | ||
Revenues | 1,002 | 939 |
Europe [Member] | ||
Revenues | 514 | 755 |
Other Countries [Member] | ||
Revenues | 9 | 8 |
KOREA, REPUBLIC OF | ||
Revenues | $ 103 | $ 11 |
Note 14 - Subsequent Events (De
Note 14 - Subsequent Events (Details Textual) - USD ($) | May 05, 2017 | Apr. 28, 2017 | Apr. 05, 2017 | Apr. 03, 2017 | Mar. 31, 2017 | Mar. 28, 2017 | Mar. 24, 2017 | Mar. 15, 2017 | Feb. 23, 2017 | Oct. 21, 2016 | Feb. 28, 2017 | Dec. 31, 2016 |
Proceeds from Convertible Debt | $ 500,000 | |||||||||||
Cancellation of Convertible Securities, Number of Securities Called by Convertible Securities | 666,667 | |||||||||||
Cancellation of Convertible Securities, Exercise Price of Convertible Securities | $ 0.60 | |||||||||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights | 357,143 | 530,000 | 333,333 | |||||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ 0.68 | $ 0.70 | ||||||||||
Common Stock, Shares, Outstanding | 8,856,853 | 7,677,637 | ||||||||||
Preferred Stock, Shares Outstanding | 0 | 0 | ||||||||||
Debt Instrument, Face Amount | $ 400,000 | |||||||||||
Stock Issued During Period, Shares, New Issues | 500,000 | |||||||||||
Series B Preferred Stock [Member] | Philou Ventures, LLC [Member] | ||||||||||||
Stock Issued During Period, Shares, New Issues | 25,000 | |||||||||||
The $0.90 Warrant [Member] | ||||||||||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights | 180,000 | |||||||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ 0.90 | |||||||||||
Subsequent Event [Member] | ||||||||||||
Cancellation of Convertible Securities, Number of Securities Called by Convertible Securities | 360,000 | |||||||||||
Cancellation of Convertible Securities, Exercise Price of Convertible Securities | $ 0.75 | |||||||||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights | 180,000 | |||||||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ 0.90 | |||||||||||
Subsequent Event [Member] | Philou Ventures, LLC [Member] | Warrant [Member] | ||||||||||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights | 714,286 | |||||||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ 0.70 | |||||||||||
Subsequent Event [Member] | Series B Preferred Stock [Member] | Philou Ventures, LLC [Member] | ||||||||||||
Convertible Preferred Stock, Total Shares Issued upon Conversion | 714,286 | |||||||||||
Stock Issued During Period, Shares, New Issues | 50,000 | |||||||||||
Stock Issued During Period, Value, New Issues | $ 500,000 | |||||||||||
Convertible Preferred Stock, Conversion Price Per Share | $ 0.70 | |||||||||||
Subsequent Event [Member] | DPW [Member] | Series D Preferred Stock [Member] | ||||||||||||
Preferred Stock, Shares Outstanding | 378,776 | |||||||||||
Convertible Preferred Stock, Total Shares Issued upon Conversion | 757,552 | |||||||||||
Subsequent Event [Member] | DPW [Member] | Total Shares Involved in Share Exchange [Member] | ||||||||||||
Common Stock, Shares, Outstanding | 2,600,000 | |||||||||||
Subsequent Event [Member] | DPW [Member] | Common Stock Portion of Share Exchange [Member] | ||||||||||||
Common Stock, Shares, Outstanding | 1,842,448 | |||||||||||
Subsequent Event [Member] | Microphase Corporation [Member] | ||||||||||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights | 1,000,000 | |||||||||||
Business Acquisition, Shares Purchased | 1,603,434 | |||||||||||
Business Acquisition, Percentage of Voting Interests Acquired | 58.00% | |||||||||||
Business Acquisition, Percentage of Voting Interests Acquired, Diluted | 50.20% | |||||||||||
Demand Promissory Notes [Member] | ||||||||||||
Proceeds from Convertible Debt | $ 220,000 | $ 270,000 | ||||||||||
Debt Instrument, Face Amount | $ 270,000 | $ 400,000 | ||||||||||
Demand Promissory Notes [Member] | Subsequent Event [Member] | ||||||||||||
Proceeds from Convertible Debt | $ 50,000 | |||||||||||
Promissory Note Delivered to the Company [Member] | Subsequent Event [Member] | Microphase Corporation [Member] | ||||||||||||
Debt Instrument, Face Amount | $ 220,000 | |||||||||||
Promissory Note Issued to Unsecured Creditor [Member] | Subsequent Event [Member] | Microphase Corporation [Member] | ||||||||||||
Debt Instrument, Face Amount | $ 450,000 |