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10-Q
|
0001126234-18-000084
|
2018-05-09T15:13:24+00:00
|
20180331
|
NEWLINK GENETICS CORP
|
In November 2014, the Company entered into a licensing and collaboration agreement with Merck, or the Merck Agreement, to develop, manufacture and commercialilolze rVSV-ZEBOV GP, an Ebola vaccine the Company licensed from the Public Health Agency of Canada, or PHAC. Under the terms of the Merck Agreement, the Company granted Merck an exclusive, royalty bearing license to rVSV-ZEBOV GP and related technology. Under the Merck Agreement, the Company received a $30.0 million non-refundable, upfront payment in December 2014, and a one-time $20.0 million non-refundable milestone payment in February 2015 upon the initiation of the pivotal clinical trial using the current rVSV-ZEBOV GP vaccine product as one arm of the trial. In addition, the Company can receive escalating royalties on potential commercial sales by Merck of the current product candidate ranging from single digit to double digits on the rVSV-ZEBOV GP license agreement product sales and escalating royalties on potential commercial sales by Merck of products other than current products within the Company’s patent rights ranging from low to high single digit, on increasing levels of annual net sales worldwide. Merck will lead the development of rVSV-ZEBOV GP and any other rVSV-based viral hemorrhagic fever vaccine product candidates in order to create a marketable product safe for human use.
|
[
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"End character": 468,
"End date for period": "2014-12-31",
"Label": "us-gaap:RevenueRecognitionMilestoneMethodRevenueRecognized",
"Start character": 464,
"Start date for period": "2014-01-01",
"Value": 30000000
},
{
"Currency / Unit": "USD",
"End character": 547,
"End date for period": "2015-02-28",
"Label": "us-gaap:RevenueRecognitionMilestoneMethodRevenueRecognized",
"Start character": 543,
"Start date for period": "2015-02-01",
"Value": 20000000
}
] |
10-Q
|
0001126234-18-000084
|
2018-05-09T15:13:24+00:00
|
20180331
|
NEWLINK GENETICS CORP
|
Awards under the 2009 Plan, as amended, may be made to officers, employees, members of the Board of Directors, advisors, and consultants to the Company. As of March 31, 2018, there were 11,722,602 shares of common stock authorized for the 2009 Plan and 1,495,690 shares remained available for issuance.
|
[
{
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"End character": 197,
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"Label": "us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized",
"Start character": 187,
"Start date for period": "2018-03-31",
"Value": 11722602
},
{
"Currency / Unit": "shares",
"End character": 263,
"End date for period": "2018-03-31",
"Label": "us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant",
"Start character": 254,
"Start date for period": "2018-03-31",
"Value": 1495690
}
] |
10-Q
|
0001126234-18-000084
|
2018-05-09T15:13:24+00:00
|
20180331
|
NEWLINK GENETICS CORP
|
The increases in the authorized shares of common stock under the 2009 Plan in 2010 and 2011 were approved by the Company’s stockholders. The increases in the authorized shares of common stock under the 2009 Plan in 2013 through 2018 were made pursuant to an “evergreen provision,” in accordance with which, on January 1 of each year, from 2013 to (and including) 2019, a number of shares of common stock in an amount equal to 4% of the total number of shares of common stock outstanding on December 31 of the preceding calendar year, or such lesser amount of shares (or no shares) approved by the Company's Board of Directors, was added or will be added to the shares reserved under the 2009 Plan.
|
[
{
"Currency / Unit": "pure",
"End character": 427,
"End date for period": "2018-03-31",
"Label": "nlnk:SharebasedCompensationArrangementbySharebasedPaymentAwardPercentageofAuthorizedStockMaximum",
"Start character": 426,
"Start date for period": "2018-01-01",
"Value": 0.04
}
] |
10-Q
|
0001126234-18-000084
|
2018-05-09T15:13:24+00:00
|
20180331
|
NEWLINK GENETICS CORP
|
Under the terms of the Company’s 2010 Non-Employee Directors’ Stock Award Plan, or the Directors’ Plan, which became effective on November 10, 2011, 238,095 shares of common stock were reserved for future issuance. On May 9, 2013, an additional 161,905 shares of common stock were added to the shares reserved for future issuance under the Directors' Plan. As of March 31, 2018, no shares remained available for issuance under the Directors' Plan.
|
[
{
"Currency / Unit": "shares",
"End character": 156,
"End date for period": "2011-11-10",
"Label": "us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized",
"Start character": 149,
"Start date for period": "2011-11-10",
"Value": 238095
},
{
"Currency / Unit": "shares",
"End character": 252,
"End date for period": "2013-05-09",
"Label": "us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfAdditionalSharesAuthorized",
"Start character": 245,
"Start date for period": "2013-05-09",
"Value": 161905
},
{
"Currency / Unit": "shares",
"End character": 382,
"End date for period": "2018-03-31",
"Label": "us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant",
"Start character": 380,
"Start date for period": "2018-03-31",
"Value": 0
}
] |
10-Q
|
0001126234-18-000084
|
2018-05-09T15:13:24+00:00
|
20180331
|
NEWLINK GENETICS CORP
|
Under the terms of the Company’s 2010 Employee Stock Purchase Plan, or the 2010 Purchase Plan, which became effective on November 10, 2011, 214,285 shares of common stock were reserved for future issuance. On May 9, 2013, an additional 185,715 shares of common stock were added to the shares reserved for future issuance under the 2010 Purchase Plan. As of March 31, 2018, 101,996 shares remained available for issuance under the 2010 Purchase Plan.
|
[
{
"Currency / Unit": "shares",
"End character": 147,
"End date for period": "2011-11-10",
"Label": "us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized",
"Start character": 140,
"Start date for period": "2011-11-10",
"Value": 214285
},
{
"Currency / Unit": "shares",
"End character": 243,
"End date for period": "2013-05-09",
"Label": "us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfAdditionalSharesAuthorized",
"Start character": 236,
"Start date for period": "2013-05-09",
"Value": 185715
},
{
"Currency / Unit": "shares",
"End character": 380,
"End date for period": "2018-03-31",
"Label": "us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant",
"Start character": 373,
"Start date for period": "2018-03-31",
"Value": 101996
}
] |
10-Q
|
0001126234-18-000084
|
2018-05-09T15:13:24+00:00
|
20180331
|
NEWLINK GENETICS CORP
|
Share-based compensation expense for the three months ended March 31, 2018 and 2017 was $4.8 million and $5.9 million, respectively. Share-based compensation expense is allocated between research and development and general and administrative expenses within the condensed consolidated statements of operations.
|
[
{
"Currency / Unit": "USD",
"End character": 92,
"End date for period": "2018-03-31",
"Label": "us-gaap:AllocatedShareBasedCompensationExpense",
"Start character": 89,
"Start date for period": "2018-01-01",
"Value": 4800000
},
{
"Currency / Unit": "USD",
"End character": 109,
"End date for period": "2017-03-31",
"Label": "us-gaap:AllocatedShareBasedCompensationExpense",
"Start character": 106,
"Start date for period": "2017-01-01",
"Value": 5900000
}
] |
10-Q
|
0001126234-18-000084
|
2018-05-09T15:13:24+00:00
|
20180331
|
NEWLINK GENETICS CORP
|
As of March 31, 2018, the total compensation cost related to nonvested option awards not yet recognized was $19.8 million and the weighted-average period over which it is expected to be recognized is 2.2 years.
|
[
{
"Currency / Unit": "USD",
"End character": 113,
"End date for period": "2018-03-31",
"Label": "us-gaap:EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions",
"Start character": 109,
"Start date for period": "2018-03-31",
"Value": 19800000
}
] |
10-Q
|
0001126234-18-000084
|
2018-05-09T15:13:24+00:00
|
20180331
|
NEWLINK GENETICS CORP
|
The intrinsic value of options exercised during the three months ended March 31, 2018 was $34,000. The fair value of awards vested during the three months ended March 31, 2018 was $2.6 million.
|
[
{
"Currency / Unit": "USD",
"End character": 97,
"End date for period": "2018-03-31",
"Label": "us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue",
"Start character": 91,
"Start date for period": "2018-01-01",
"Value": 34000
},
{
"Currency / Unit": "USD",
"End character": 184,
"End date for period": "2018-03-31",
"Label": "us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1",
"Start character": 181,
"Start date for period": "2018-01-01",
"Value": 2600000
}
] |
10-Q
|
0001126234-18-000084
|
2018-05-09T15:13:24+00:00
|
20180331
|
NEWLINK GENETICS CORP
|
As of March 31, 2018, the total remaining unrecognized compensation cost related to restricted stock was approximately $3.0 million and is expected to be recognized over a weighted-average period of 1.4 years.
|
[
{
"Currency / Unit": "USD",
"End character": 123,
"End date for period": "2018-03-31",
"Label": "us-gaap:EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptions",
"Start character": 120,
"Start date for period": "2018-03-31",
"Value": 3000000
}
] |
10-Q
|
0001126234-18-000084
|
2018-05-09T15:13:24+00:00
|
20180331
|
NEWLINK GENETICS CORP
|
For the three months ended March 31, 2018, the Company recorded no income tax benefit. The income tax benefit for the three months ended March 31, 2018 differs from the amount that would be expected after applying the statutory U.S. federal income tax rate primarily due to the full valuation allowance recorded against net operating losses due to the uncertainty of future recoverability. For the three months ended March 31, 2017, the Company recorded an income tax benefit of $310,000. Income tax benefit for the three months ended March 31, 2017 differs from the amount that would be expected after applying the statutory U.S. federal income tax rate primarily due to the ability to carry back losses to 2015 and the net loss generated by the NewLink's foreign subsidiary. On December 22, 2017, the U.S. government enacted comprehensive tax legislation commonly referred to as the Tax Cuts and Jobs Act, or the Tax Act. The Tax Act repealed the two-year carryback provision for net operating losses arising after 2017, thereby reducing any benefit realized as a result of carryback to zero for the current period.
|
[
{
"Currency / Unit": "USD",
"End character": 488,
"End date for period": "2017-03-31",
"Label": "us-gaap:IncomeTaxExpenseBenefit",
"Start character": 481,
"Start date for period": "2017-01-01",
"Value": -310000
}
] |
10-Q
|
0001126234-18-000084
|
2018-05-09T15:13:24+00:00
|
20180331
|
NEWLINK GENETICS CORP
|
Additionally, the Company has a noncurrent income tax receivable as of March 31, 2018 for $140,000 which was recorded as an income tax benefit in 2017 and is for the receipt of AMT Credit carryovers. The Tax Act provides that AMT credit carryovers are partially refundable beginning in 2018 as an offset to a tax liability. The Company expects the amount to be fully refunded by 2021.
|
[
{
"Currency / Unit": "USD",
"End character": 98,
"End date for period": "2017-12-31",
"Label": "nlnk:TaxCutsAndJobsActOf2017IncomeTaxExpenseBenefit",
"Start character": 91,
"Start date for period": "2017-01-01",
"Value": -140000
}
] |
10-Q
|
0001126234-18-000084
|
2018-05-09T15:13:24+00:00
|
20180331
|
NEWLINK GENETICS CORP
|
The Company has a reserve for uncertain tax positions related to state tax matters of $653,000 as of March 31, 2018 recorded within Accrued Expenses in the condensed consolidated balance sheet, which includes the accrual of interest and penalties. The Company does not expect the amount to change significantly within the next 12 months.
|
[
{
"Currency / Unit": "USD",
"End character": 94,
"End date for period": "2018-03-31",
"Label": "us-gaap:LiabilityForUncertainTaxPositionsCurrent",
"Start character": 87,
"Start date for period": "2018-03-31",
"Value": 653000
}
] |
10-Q
|
0001126234-18-000084
|
2018-05-09T15:13:24+00:00
|
20180331
|
NEWLINK GENETICS CORP
|
In July 2017, the Company undertook an organizational realignment to refocus its clinical development efforts and align the Company's resources to focus on the Company's highest value opportunities. The Company's restructuring activities included a reduction of its workforce by approximately 50%, which consisted primarily of clinical and research and development staff, as well as stopping additional research on the Zika virus. The Company recorded total restructuring charges of $1.7 million during the year ended December 31, 2017.
|
[
{
"Currency / Unit": "pure",
"End character": 295,
"End date for period": "2017-07-31",
"Label": "us-gaap:RestructuringAndRelatedCostNumberOfPositionsEliminatedPeriodPercent",
"Start character": 293,
"Start date for period": "2017-07-01",
"Value": 0.5
},
{
"Currency / Unit": "USD",
"End character": 488,
"End date for period": "2017-12-31",
"Label": "us-gaap:RestructuringCharges",
"Start character": 485,
"Start date for period": "2017-01-01",
"Value": 1700000
}
] |
10-Q
|
0001564590-18-010998
|
2018-05-04T16:18:38+00:00
|
20180331
|
Summit Midstream Partners, LP
|
Contract assets relate to our rights to consideration for work completed but not billed at the reporting date and consist of the estimated MVC shortfall payments expected from our customers and unbilled activity associated with contributions in aid of construction. Contract assets are transferred to trade receivables when the rights become unconditional. As of March 31, 2018, receivables with customers totaled $63.4 million and contract assets totaled $3.4 million which were included in the accounts receivable caption on the unaudited condensed consolidated balance sheet.
|
[
{
"Currency / Unit": "USD",
"End character": 419,
"End date for period": "2018-03-31",
"Label": "us-gaap:UnbilledContractsReceivable",
"Start character": 415,
"Start date for period": "2018-03-31",
"Value": 63400000
},
{
"Currency / Unit": "USD",
"End character": 460,
"End date for period": "2018-03-31",
"Label": "us-gaap:ContractWithCustomerAssetReclassifiedToReceivable",
"Start character": 457,
"Start date for period": "2018-01-01",
"Value": 3400000
}
] |
10-Q
|
0001564590-18-010998
|
2018-05-04T16:18:38+00:00
|
20180331
|
Summit Midstream Partners, LP
|
Summit Holdings has a senior secured revolving credit facility that allows for revolving loans, letters of credit and swing line loans. The Revolving Credit Facility has a $1.25 billion borrowing capacity, matures in May 2022, and includes a $250.0 million accordion feature.
|
[
{
"Currency / Unit": "USD",
"End character": 177,
"End date for period": "2018-03-31",
"Label": "us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity",
"Start character": 173,
"Start date for period": "2018-03-31",
"Value": 1250000000
},
{
"Currency / Unit": "USD",
"End character": 248,
"End date for period": "2018-03-31",
"Label": "smlp:LineOfCreditFacilityAccordionFeatureIncreaseLimit",
"Start character": 243,
"Start date for period": "2018-03-31",
"Value": 250000000
}
] |
10-Q
|
0001162194-18-000055
|
2018-05-08T17:12:55+00:00
|
20180331
|
FLUIDIGM CORP
|
We adopted Topic 606 on January 1, 2018, using the modified retrospective method applied to those contracts with unrecognized revenue on the adoption date. We recognized the effect of applying the new revenue standard by recording a cumulative catch-up adjustment that reduced the accumulated deficit component of stockholders’ equity by $0.4 million, and increased current assets by $0.2 million and non-current assets by $0.2 million. The adjustment capitalized certain sales commission costs that were incurred to obtain instrument service contracts. Under Topic 605, we accounted for these incremental contract acquisition costs by recognizing them as expense at the point the contract was awarded. Under Topic 606, the costs are capitalized and amortized to expense over the life of the contract, which is generally one to three years. The comparative information for periods prior to January 1, 2018, has not been restated and continues to be reported in accordance with Topic 605.
|
[
{
"Currency / Unit": "USD",
"End character": 343,
"End date for period": "2018-01-01",
"Label": "us-gaap:RetainedEarningsAccumulatedDeficit",
"Start character": 340,
"Start date for period": "2018-01-01",
"Value": 400000
},
{
"Currency / Unit": "USD",
"End character": 390,
"End date for period": "2018-01-01",
"Label": "us-gaap:AssetsCurrent",
"Start character": 387,
"Start date for period": "2018-01-01",
"Value": 200000
},
{
"Currency / Unit": "USD",
"End character": 429,
"End date for period": "2018-01-01",
"Label": "us-gaap:AssetsCurrent",
"Start character": 426,
"Start date for period": "2018-01-01",
"Value": 200000
}
] |
10-Q
|
0001162194-18-000055
|
2018-05-08T17:12:55+00:00
|
20180331
|
FLUIDIGM CORP
|
At December 31, 2017, and March 31, 2018, we reported $15.2 million and $16.0 million, respectively, of deferred revenue on our condensed consolidated balance sheet. During the three months ended March 31, 2018, $3.1 million of the opening balance was recognized as revenue and $3.9 million of net additional advance payments were received from customers, primarily associated with our mass cytometry instruments.
|
[
{
"Currency / Unit": "USD",
"End character": 59,
"End date for period": "2017-12-31",
"Label": "us-gaap:ContractWithCustomerLiability",
"Start character": 55,
"Start date for period": "2017-12-31",
"Value": 15200000
},
{
"Currency / Unit": "USD",
"End character": 77,
"End date for period": "2018-03-31",
"Label": "us-gaap:ContractWithCustomerLiability",
"Start character": 73,
"Start date for period": "2018-03-31",
"Value": 16000000
},
{
"Currency / Unit": "USD",
"End character": 217,
"End date for period": "2018-03-31",
"Label": "us-gaap:ContractWithCustomerLiabilityRevenueRecognized",
"Start character": 214,
"Start date for period": "2018-01-01",
"Value": 3100000
},
{
"Currency / Unit": "USD",
"End character": 283,
"End date for period": "2018-03-31",
"Label": "fldm:ContractWithCustomerLiabilityIncreaseFromCashReceipts",
"Start character": 280,
"Start date for period": "2018-01-01",
"Value": 3900000
}
] |
10-Q
|
0001162194-18-000055
|
2018-05-08T17:12:55+00:00
|
20180331
|
FLUIDIGM CORP
|
In February 2014, we received $195.2 million, net of underwriting discounts, from the issuance of the 2014 Notes and incurred approximately $1.1 million in offering-related expenses. The underwriting discount of $6.0 million and the debt issuance costs of $1.1 million were recorded as offsets to the proceeds.
|
[
{
"Currency / Unit": "USD",
"End character": 36,
"End date for period": "2014-02-28",
"Label": "us-gaap:ProceedsFromDebtNetOfIssuanceCosts",
"Start character": 31,
"Start date for period": "2014-02-01",
"Value": 195200000
},
{
"Currency / Unit": "USD",
"End character": 144,
"End date for period": "2014-02-28",
"Label": "us-gaap:PaymentsOfDebtIssuanceCosts",
"Start character": 141,
"Start date for period": "2014-02-01",
"Value": 1100000
},
{
"Currency / Unit": "USD",
"End character": 216,
"End date for period": "2014-02-28",
"Label": "us-gaap:DebtInstrumentUnamortizedDiscount",
"Start character": 213,
"Start date for period": "2014-02-28",
"Value": 6000000
},
{
"Currency / Unit": "USD",
"End character": 260,
"End date for period": "2014-02-28",
"Label": "us-gaap:PaymentsOfDebtIssuanceCosts",
"Start character": 257,
"Start date for period": "2014-02-01",
"Value": 1100000
}
] |
10-Q
|
0001162194-18-000055
|
2018-05-08T17:12:55+00:00
|
20180331
|
FLUIDIGM CORP
|
The contractual maturity periods of $5.3 million of our marketable debt securities are within one year from March 31, 2018.
|
[
{
"Currency / Unit": "USD",
"End character": 40,
"End date for period": "2018-03-31",
"Label": "us-gaap:ShortTermInvestments",
"Start character": 37,
"Start date for period": "2018-03-31",
"Value": 5300000
}
] |
10-Q
|
0001162194-18-000055
|
2018-05-08T17:12:55+00:00
|
20180331
|
FLUIDIGM CORP
|
The estimated fair value of the 2014 Notes is based on a market approach. The estimated fair value was approximately $43.1 million and $166.2 million (par value $51.3 million and $201.3 million) as of March 31, 2018, and December 31, 2017, respectively, and represents a Level II valuation.
|
[
{
"Currency / Unit": "USD",
"End character": 122,
"End date for period": "2018-03-31",
"Label": "us-gaap:DebtInstrumentFairValue",
"Start character": 118,
"Start date for period": "2018-03-31",
"Value": 43100000
},
{
"Currency / Unit": "USD",
"End character": 143,
"End date for period": "2017-12-31",
"Label": "us-gaap:DebtInstrumentFairValue",
"Start character": 138,
"Start date for period": "2017-12-31",
"Value": 166200000
},
{
"Currency / Unit": "USD",
"End character": 168,
"End date for period": "2018-03-31",
"Label": "us-gaap:DebtInstrumentCarryingAmount",
"Start character": 164,
"Start date for period": "2018-03-31",
"Value": 51300000
},
{
"Currency / Unit": "USD",
"End character": 187,
"End date for period": "2017-12-31",
"Label": "us-gaap:DebtInstrumentCarryingAmount",
"Start character": 182,
"Start date for period": "2017-12-31",
"Value": 201300000
}
] |
10-Q
|
0001162194-18-000055
|
2018-05-08T17:12:55+00:00
|
20180331
|
FLUIDIGM CORP
|
The estimated fair value of the 2018 Notes is based on a market approach. The estimated fair value was approximately $136.6 million (par value $150.0 million) as of March 31, 2018.
|
[
{
"Currency / Unit": "USD",
"End character": 125,
"End date for period": "2018-03-31",
"Label": "us-gaap:DebtInstrumentFairValue",
"Start character": 120,
"Start date for period": "2018-03-31",
"Value": 136600000
},
{
"Currency / Unit": "USD",
"End character": 151,
"End date for period": "2018-03-31",
"Label": "us-gaap:DebtInstrumentFaceAmount",
"Start character": 146,
"Start date for period": "2018-03-31",
"Value": 150000000
}
] |
10-Q
|
0001162194-18-000055
|
2018-05-08T17:12:55+00:00
|
20180331
|
FLUIDIGM CORP
|
In connection with the acquisition of DVS in February 2014, we acquired developed technology with a gross fair value of $112.0 million. These acquired intangible assets are being amortized to cost of product revenue over their useful life of ten years. Related amortization for the three months ended March 31, 2018, and 2017 was $2.8 million for both periods.
|
[
{
"Currency / Unit": "USD",
"End character": 126,
"End date for period": "2014-02-28",
"Label": "us-gaap:FinitelivedIntangibleAssetsAcquired1",
"Start character": 121,
"Start date for period": "2014-02-01",
"Value": 112000000
}
] |
10-Q
|
0001162194-18-000055
|
2018-05-08T17:12:55+00:00
|
20180331
|
FLUIDIGM CORP
|
We have entered into various long-term non-cancelable operating lease agreements for equipment and facilities expiring at various times through March 2026. We lease office space under non-cancelable leases in the United States, Canada, Singapore, Japan, China, France and United Kingdom. Certain facility leases also contain rent escalation clauses. Our lease payments are expensed on a straight-line basis over the life of the leases. Rental expense under operating leases, net of amortization of lease incentives and sublease income for the three months ended March 31, 2018, and 2017 was $1.2 million and $1.6 million, respectively.
|
[
{
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"End character": 595,
"End date for period": "2018-03-31",
"Label": "us-gaap:LeaseAndRentalExpense",
"Start character": 592,
"Start date for period": "2018-01-01",
"Value": 1200000
},
{
"Currency / Unit": "USD",
"End character": 612,
"End date for period": "2017-03-31",
"Label": "us-gaap:LeaseAndRentalExpense",
"Start character": 609,
"Start date for period": "2017-01-01",
"Value": 1600000
}
] |
10-Q
|
0001162194-18-000055
|
2018-05-08T17:12:55+00:00
|
20180331
|
FLUIDIGM CORP
|
We recognized stock-based compensation expense of $1.7 million and $2.4 million during the three months ended March 31, 2018, and 2017 respectively. As of March 31, 2018, we had $4.2 million, $7.3 million, and $1.7 million of unrecognized stock-based compensation expense related to stock options, restricted stock units, and performance stock units, respectively, which are expected to be recognized over a weighted average period of 3.0 years, 2.5 years, and 3.0 years, respectively.
|
[
{
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"End date for period": "2018-03-31",
"Label": "us-gaap:AllocatedShareBasedCompensationExpense",
"Start character": 51,
"Start date for period": "2018-01-01",
"Value": 1700000
},
{
"Currency / Unit": "USD",
"End character": 71,
"End date for period": "2017-03-31",
"Label": "us-gaap:AllocatedShareBasedCompensationExpense",
"Start character": 68,
"Start date for period": "2017-01-01",
"Value": 2400000
},
{
"Currency / Unit": "USD",
"End character": 182,
"End date for period": "2018-03-31",
"Label": "us-gaap:EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized",
"Start character": 179,
"Start date for period": "2018-03-31",
"Value": 4200000
},
{
"Currency / Unit": "USD",
"End character": 197,
"End date for period": "2018-03-31",
"Label": "us-gaap:EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized",
"Start character": 194,
"Start date for period": "2018-03-31",
"Value": 7300000
},
{
"Currency / Unit": "USD",
"End character": 215,
"End date for period": "2018-03-31",
"Label": "us-gaap:AllocatedShareBasedCompensationExpense",
"Start character": 212,
"Start date for period": "2018-01-01",
"Value": 1700000
}
] |
10-Q
|
0001162194-18-000055
|
2018-05-08T17:12:55+00:00
|
20180331
|
FLUIDIGM CORP
|
During the three months ended March 31, 2018, we granted 167,000 performance stock units to certain executive officers and senior level employees. The number of performance stock units ultimately earned is calculated based on the Total Shareholder Return ("TSR") of our common stock as compared to the TSR of a defined group of peer companies during the performance period from January 1, 2018, to December 31, 2020. The percentage of performance stock units that vest will depend on our relative position at the end of the performance period and can range from 0% to 200% of the number of units granted.
|
[
{
"Currency / Unit": "shares",
"End character": 64,
"End date for period": "2018-03-31",
"Label": "us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod",
"Start character": 57,
"Start date for period": "2018-01-01",
"Value": 167000
},
{
"Currency / Unit": "pure",
"End character": 391,
"End date for period": "2018-03-31",
"Label": "us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardAwardVestingRightsPercentage",
"Start character": 390,
"Start date for period": "2018-01-01",
"Value": 0
},
{
"Currency / Unit": "pure",
"End character": 572,
"End date for period": "2018-03-31",
"Label": "us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardAwardVestingRightsPercentage",
"Start character": 569,
"Start date for period": "2018-01-01",
"Value": 2
}
] |
10-Q
|
0001162194-18-000055
|
2018-05-08T17:12:55+00:00
|
20180331
|
FLUIDIGM CORP
|
In August 2017, our stockholders approved our 2017 Employee Stock Purchase Plan (ESPP). Our ESPP offers U.S. and some non-U.S. employees the right to purchase shares of our common stock. Our ESPP has a six-month offering period, with a new period commencing on the first trading day on or after May 31 and November 30 of each year. Employees are eligible to participate through payroll deductions of up to 10% of their compensation and may not purchase more than $25,000 of stock for any calendar year. The purchase price at which shares are sold under the ESPP is 85% of the lower of the fair market value of a share of our common stock on the first day of the offering period or the last day of the offering period. Our first ESPP offering period began on October 1, 2017, with a shorter offering period ending on November 30, 2017. Our current offering period began on November 30, 2017, and will end on May 31, 2018.
|
[
{
"Currency / Unit": "pure",
"End character": 410,
"End date for period": "2017-08-01",
"Label": "us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardMaximumEmployeeSubscriptionRate",
"Start character": 408,
"Start date for period": "2017-08-01",
"Value": 0.1
},
{
"Currency / Unit": "USD",
"End character": 472,
"End date for period": "2017-08-31",
"Label": "fldm:SharebasedCompensationArrangementBySharebasedPaymentAwardMaximumEmployeePurchaseAmount",
"Start character": 466,
"Start date for period": "2017-08-01",
"Value": 25000
},
{
"Currency / Unit": "pure",
"End character": 569,
"End date for period": "2017-08-31",
"Label": "us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardPurchasePriceOfCommonStockPercent",
"Start character": 567,
"Start date for period": "2017-08-01",
"Value": 0.85
}
] |
10-Q
|
0001162194-18-000055
|
2018-05-08T17:12:55+00:00
|
20180331
|
FLUIDIGM CORP
|
We recorded a tax benefit of $1.2 million and $1.8 million for the three months ended March 31, 2018 and 2017, respectively, which was primarily attributable to the amortization of our acquisition-related deferred tax liability and losses from Canadian operations, partially offset by a tax provision and discrete tax items from our other foreign operations.
|
[
{
"Currency / Unit": "USD",
"End character": 33,
"End date for period": "2018-03-31",
"Label": "us-gaap:IncomeTaxExpenseBenefit",
"Start character": 30,
"Start date for period": "2018-01-01",
"Value": -1200000
},
{
"Currency / Unit": "USD",
"End character": 50,
"End date for period": "2017-03-31",
"Label": "us-gaap:IncomeTaxExpenseBenefit",
"Start character": 47,
"Start date for period": "2017-01-01",
"Value": -1800000
}
] |
10-Q
|
0001162194-18-000055
|
2018-05-08T17:12:55+00:00
|
20180331
|
FLUIDIGM CORP
|
We operate in one reporting segment that develops, manufactures, and commercializes tools for life sciences research. Our chief executive officer manages our operations and evaluates our financial performance on a consolidated basis. For purposes of allocating resources and evaluating regional financial performance, our chief executive officer reviews separate sales information for the different regions of the world. Our general and administrative expenses and our research and development expenses are not allocated to any specific region. Most of our principal operations, other than manufacturing, and our decision-making functions are located at our corporate headquarters in the United States.
|
[
{
"Currency / Unit": "fldm:segment",
"End character": 17,
"End date for period": "2018-03-31",
"Label": "us-gaap:NumberOfReportableSegments",
"Start character": 14,
"Start date for period": "2018-01-01",
"Value": 1
}
] |
10-Q
|
0001162194-18-000055
|
2018-05-08T17:12:55+00:00
|
20180331
|
FLUIDIGM CORP
|
Sales to customers in China represented 13% or $3.3 million and 10% or $2.4 million of our total revenue for the three months ended March 31, 2018, and 2017, respectively. Except for China, no other foreign country or jurisdiction had sales in excess of 10% of our total revenue during the three months ended March 31, 2018, and 2017.
|
[
{
"Currency / Unit": "pure",
"End character": 42,
"End date for period": "2018-03-31",
"Label": "us-gaap:ConcentrationRiskPercentage1",
"Start character": 40,
"Start date for period": "2018-01-01",
"Value": 0.13
},
{
"Currency / Unit": "USD",
"End character": 52,
"End date for period": "2018-03-31",
"Label": "us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax",
"Start character": 49,
"Start date for period": "2018-01-01",
"Value": 3300000
},
{
"Currency / Unit": "pure",
"End character": 67,
"End date for period": "2017-03-31",
"Label": "us-gaap:ConcentrationRiskPercentage1",
"Start character": 65,
"Start date for period": "2017-01-01",
"Value": 0.1
},
{
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"End character": 77,
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"Label": "us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax",
"Start character": 74,
"Start date for period": "2017-01-01",
"Value": 2400000
}
] |
10-Q
|
0001585101-18-000031
|
2018-05-11T16:35:36+00:00
|
20180331
|
HINES GLOBAL INCOME TRUST, INC.
|
As of May 1, 2018, no shares of the registrant’s Class S common stock, Class D common stock, Class I common stock, and Class JX common stock were outstanding, and approximately 19.3 million shares of the registrant’s Class AX common stock, 20.1 million shares of the registrant’s Class TX common stock, 0.1 million shares of the registrant’s Class IX common stock and 21,623 shares of the registrant's Class T common stock were outstanding.
|
[
{
"Currency / Unit": "shares",
"End character": 21,
"End date for period": "2018-05-01",
"Label": "dei:EntityCommonStockSharesOutstanding",
"Start character": 19,
"Start date for period": "2018-05-01",
"Value": 0
},
{
"Currency / Unit": "shares",
"End character": 181,
"End date for period": "2018-05-01",
"Label": "dei:EntityCommonStockSharesOutstanding",
"Start character": 177,
"Start date for period": "2018-05-01",
"Value": 19300000
},
{
"Currency / Unit": "shares",
"End character": 245,
"End date for period": "2018-05-01",
"Label": "dei:EntityCommonStockSharesOutstanding",
"Start character": 241,
"Start date for period": "2018-05-01",
"Value": 20100000
},
{
"Currency / Unit": "shares",
"End character": 308,
"End date for period": "2018-05-01",
"Label": "dei:EntityCommonStockSharesOutstanding",
"Start character": 305,
"Start date for period": "2018-05-01",
"Value": 100000
},
{
"Currency / Unit": "shares",
"End character": 376,
"End date for period": "2018-05-01",
"Label": "dei:EntityCommonStockSharesOutstanding",
"Start character": 370,
"Start date for period": "2018-05-01",
"Value": 21623
}
] |
10-Q
|
0001585101-18-000031
|
2018-05-11T16:35:36+00:00
|
20180331
|
HINES GLOBAL INCOME TRUST, INC.
|
The Company raises capital for its investments through public offerings of its common stock. The Company commenced its initial public offering of up to $2.5 billion in shares of its common stock (the “Initial Offering”) in August 2014, and commenced its second public offering of up to $2.5 billion in shares of common stock including $500.0 million of shares offered under its distribution reinvestment plan (the "Follow-On Offering") in December 2017. As of May 1, 2018, the Company had received gross offering proceeds of $411.0 million from the sale of 42.0 million shares through its public offerings, including shares issued pursuant to our distribution reinvestment plan.
|
[
{
"Currency / Unit": "USD",
"End character": 156,
"End date for period": "2014-08-20",
"Label": "hgit:MaximumProceedsFromIssuanceInitialPublicOffering",
"Start character": 153,
"Start date for period": "2014-08-20",
"Value": 2500000000
},
{
"Currency / Unit": "USD",
"End character": 290,
"End date for period": "2014-08-20",
"Label": "hgit:MaximumProceedsFromIssuanceInitialPublicOffering",
"Start character": 287,
"Start date for period": "2014-08-20",
"Value": 2500000000
},
{
"Currency / Unit": "USD",
"End character": 341,
"End date for period": "2017-12-06",
"Label": "hgit:MaximumProceedsFromIssuanceInitialPublicOffering",
"Start character": 336,
"Start date for period": "2017-12-06",
"Value": 500000000
},
{
"Currency / Unit": "USD",
"End character": 532,
"End date for period": "2018-05-01",
"Label": "us-gaap:ProceedsFromIssuanceOfCommonStock",
"Start character": 527,
"Start date for period": "2014-08-20",
"Value": 411000000
},
{
"Currency / Unit": "shares",
"End character": 562,
"End date for period": "2018-05-01",
"Label": "us-gaap:StockIssuedDuringPeriodSharesNewIssues",
"Start character": 558,
"Start date for period": "2014-08-20",
"Value": 42000000
}
] |
10-Q
|
0001585101-18-000031
|
2018-05-11T16:35:36+00:00
|
20180331
|
HINES GLOBAL INCOME TRUST, INC.
|
As of March 31, 2018, the Company owned direct real estate investments in seven properties totaling 2.5 million square feet that were 97% leased. See portfolio highlights in "
|
[
{
"Currency / Unit": "hgit:property",
"End character": 79,
"End date for period": "2018-03-31",
"Label": "hgit:NumberOfRealEstateInvestments",
"Start character": 74,
"Start date for period": "2018-03-31",
"Value": 7
},
{
"Currency / Unit": "utr:sqft",
"End character": 103,
"End date for period": "2018-03-31",
"Label": "us-gaap:AreaOfRealEstateProperty",
"Start character": 100,
"Start date for period": "2018-03-31",
"Value": 2500000
},
{
"Currency / Unit": "pure",
"End character": 136,
"End date for period": "2018-03-31",
"Label": "hgit:PercentageofPortfolioLeased",
"Start character": 134,
"Start date for period": "2018-03-31",
"Value": 0.97
}
] |
10-Q
|
0001585101-18-000031
|
2018-05-11T16:35:36+00:00
|
20180331
|
HINES GLOBAL INCOME TRUST, INC.
|
Tenant and other receivable balances consist primarily of base rents, tenant reimbursements and receivables attributable to straight-line rent. Straight-line rent receivables were $4.2 million and $4.0 million as of March 31, 2018 and December 31, 2017, respectively. Straight-line rent receivable consists of the difference between the tenants’ rents calculated on a straight-line basis from the date of acquisition or lease commencement over the remaining terms of the related leases and the tenants’ actual rents due under the lease agreements and is included in tenant and other receivables in the accompanying consolidated condensed balance sheets.
|
[
{
"Currency / Unit": "USD",
"End character": 185,
"End date for period": "2018-03-31",
"Label": "us-gaap:DeferredRentReceivablesNet",
"Start character": 182,
"Start date for period": "2018-03-31",
"Value": 4200000
},
{
"Currency / Unit": "USD",
"End character": 202,
"End date for period": "2017-12-31",
"Label": "us-gaap:DeferredRentReceivablesNet",
"Start character": 199,
"Start date for period": "2017-12-31",
"Value": 4000000
}
] |
10-Q
|
0001585101-18-000031
|
2018-05-11T16:35:36+00:00
|
20180331
|
HINES GLOBAL INCOME TRUST, INC.
|
As of January 1, 2018, the Company began accounting for the sale of real estate properties under ASU 2017-05 and provides for revenue recognition based on completed performance obligations, which typically occurs upon the transfer of ownership of a real estate asset. The Company sold 2819 Loker Avenue East on March 30, 2018, which was considered a non-financial real estate asset with no performance obligations subsequent to the transfer of ownership. The Company recognized a gain on sale of real estate of $14.5 million related to this sale. The Company has had no other sales of real estate assets since its inception.
|
[
{
"Currency / Unit": "USD",
"End character": 518,
"End date for period": "2018-03-31",
"Label": "us-gaap:GainsLossesOnSalesOfInvestmentRealEstate",
"Start character": 514,
"Start date for period": "2018-01-01",
"Value": 14500000
}
] |
10-Q
|
0001585101-18-000031
|
2018-05-11T16:35:36+00:00
|
20180331
|
HINES GLOBAL INCOME TRUST, INC.
|
In March 2018, the Company sold 2819 Loker Avenue East, a Class–A industrial property located in Carlsbad, California. The contract sales price for 2819 Loker Avenue East was $38.3 million. The Company acquired 2819 Loker Avenue East in December 2014 for a contract purchase price of $25.4 million. The Company recognized a gain on sale of this asset of $14.5 million, which was recorded in gain on sale of real estate on the condensed consolidated statements of operations and comprehensive income (loss) for the three months ended March 31, 2018.
|
[
{
"Currency / Unit": "USD",
"End character": 180,
"End date for period": "2018-03-31",
"Label": "us-gaap:DisposalGroupIncludingDiscontinuedOperationConsideration",
"Start character": 176,
"Start date for period": "2018-03-31",
"Value": 38300000
},
{
"Currency / Unit": "USD",
"End character": 289,
"End date for period": "2014-12-31",
"Label": "hgit:BusinessAcquisitionContractPurchasePrice",
"Start character": 285,
"Start date for period": "2014-12-31",
"Value": 25400000
},
{
"Currency / Unit": "USD",
"End character": 359,
"End date for period": "2018-03-31",
"Label": "us-gaap:GainsLossesOnSalesOfInvestmentRealEstate",
"Start character": 355,
"Start date for period": "2018-01-01",
"Value": 14500000
}
] |
10-Q
|
0001585101-18-000031
|
2018-05-11T16:35:36+00:00
|
20180331
|
HINES GLOBAL INCOME TRUST, INC.
|
Amortization expense of in-place leases was $4.0 million and $4.8 million for the three months ended March 31, 2018 and 2017, respectively. Net amortization of out-of-market leases resulted in an increase to rental revenue of $0.2 million and $0.3 million for the three months ended March 31, 2018 and 2017, respectively.
|
[
{
"Currency / Unit": "USD",
"End character": 48,
"End date for period": "2018-03-31",
"Label": "us-gaap:AmortizationOfIntangibleAssets",
"Start character": 45,
"Start date for period": "2018-01-01",
"Value": 4000000
},
{
"Currency / Unit": "USD",
"End character": 65,
"End date for period": "2017-03-31",
"Label": "us-gaap:AmortizationOfIntangibleAssets",
"Start character": 62,
"Start date for period": "2017-01-01",
"Value": 4800000
},
{
"Currency / Unit": "USD",
"End character": 231,
"End date for period": "2018-03-31",
"Label": "us-gaap:AmortizationOfAboveAndBelowMarketLeases",
"Start character": 228,
"Start date for period": "2018-01-01",
"Value": -200000
},
{
"Currency / Unit": "USD",
"End character": 248,
"End date for period": "2017-03-31",
"Label": "us-gaap:AmortizationOfAboveAndBelowMarketLeases",
"Start character": 245,
"Start date for period": "2017-01-01",
"Value": -300000
}
] |
10-Q
|
0001585101-18-000031
|
2018-05-11T16:35:36+00:00
|
20180331
|
HINES GLOBAL INCOME TRUST, INC.
|
Of the Company’s total rental revenue for the three months ended March 31, 2017, approximately 10% was earned from Western Digital, a tenant in the information industry, whose lease expires in 2021 and approximately 10% was earned from Amazon, a tenant in the retail industry, whose lease expires in 2019.
|
[
{
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"End character": 97,
"End date for period": "2017-03-31",
"Label": "us-gaap:ConcentrationRiskPercentage1",
"Start character": 95,
"Start date for period": "2017-01-01",
"Value": 0.1
},
{
"Currency / Unit": "pure",
"End character": 218,
"End date for period": "2017-03-31",
"Label": "us-gaap:ConcentrationRiskPercentage1",
"Start character": 216,
"Start date for period": "2017-01-01",
"Value": 0.1
}
] |
10-Q
|
0001585101-18-000031
|
2018-05-11T16:35:36+00:00
|
20180331
|
HINES GLOBAL INCOME TRUST, INC.
|
As of March 31, 2018 and December 31, 2017, the Company had approximately $398.6 million and $379.3 million of debt outstanding, with a weighted average year to maturity of 3.4 years and 3.8 years, and a weighted average interest rate of 2.71% and 2.63%, respectively. The following table provides additional information regarding the Company’s debt outstanding at March 31, 2018 and December 31, 2017 (in thousands):
|
[
{
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"End character": 80,
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"Label": "hgit:NotesPayableIncludingRelatedPartyGross",
"Start character": 75,
"Start date for period": "2018-03-31",
"Value": 398600000
},
{
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"Label": "hgit:NotesPayableIncludingRelatedPartyGross",
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"Value": 379300000
},
{
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"Label": "us-gaap:DebtWeightedAverageInterestRate",
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"Value": 0.027100000000000003
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{
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"Start character": 248,
"Start date for period": "2017-12-31",
"Value": 0.0263
}
] |
10-Q
|
0001585101-18-000031
|
2018-05-11T16:35:36+00:00
|
20180331
|
HINES GLOBAL INCOME TRUST, INC.
|
For the period from January 2018 through March 2018, the Company made draws of $15.5 million and made no payments under its uncommitted loan agreement (the "Hines Credit Facility") with Hines for a maximum principal amount of $75.0 million. Additionally, from April 1, 2018 through May 11, 2018, the Company made no subsequent draws and made payments of $26.7 million under its Hines Credit Facility, which resulted in the Company having no outstanding balance under its Hines Credit Facility as of May 11, 2018.
|
[
{
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"End character": 84,
"End date for period": "2018-03-31",
"Label": "us-gaap:ProceedsFromLinesOfCredit",
"Start character": 80,
"Start date for period": "2018-01-01",
"Value": 15500000
},
{
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"End character": 104,
"End date for period": "2018-03-31",
"Label": "us-gaap:RepaymentsOfLinesOfCredit",
"Start character": 102,
"Start date for period": "2018-01-01",
"Value": 0
},
{
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"End character": 231,
"End date for period": "2018-03-31",
"Label": "us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity",
"Start character": 227,
"Start date for period": "2018-03-31",
"Value": 75000000
},
{
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"End character": 315,
"End date for period": "2018-03-31",
"Label": "us-gaap:RepaymentsOfLinesOfCredit",
"Start character": 313,
"Start date for period": "2018-01-01",
"Value": 0
},
{
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"End character": 359,
"End date for period": "2018-05-11",
"Label": "us-gaap:RepaymentsOfLinesOfCredit",
"Start character": 355,
"Start date for period": "2018-04-01",
"Value": 26700000
}
] |
10-Q
|
0001585101-18-000031
|
2018-05-11T16:35:36+00:00
|
20180331
|
HINES GLOBAL INCOME TRUST, INC.
|
(1) Includes $1.5 million of distributions that were declared on March 23, 2017 with respect to daily record dates for each day during the month of April 2017, which were paid in cash or reinvested in shares on May 1, 2017.
|
[
{
"Currency / Unit": "USD",
"End character": 18,
"End date for period": "2017-04-30",
"Label": "us-gaap:Dividends",
"Start character": 15,
"Start date for period": "2017-04-01",
"Value": 1500000
}
] |
10-Q
|
0001585101-18-000031
|
2018-05-11T16:35:36+00:00
|
20180331
|
HINES GLOBAL INCOME TRUST, INC.
|
(2) Includes distributions declared as of daily record dates for the three months ended March 31, 2017, but excludes $1.5 million of distributions that were declared on March 23, 2017 with respect to daily record dates for each day during the month of April 2017. These April 2017 distributions were paid in cash or reinvested in shares on May 1, 2017.
|
[
{
"Currency / Unit": "USD",
"End character": 122,
"End date for period": "2017-04-30",
"Label": "us-gaap:Dividends",
"Start character": 119,
"Start date for period": "2017-04-01",
"Value": 1500000
}
] |
10-Q
|
0001585101-18-000031
|
2018-05-11T16:35:36+00:00
|
20180331
|
HINES GLOBAL INCOME TRUST, INC.
|
(2) As of December 6, 2017, through its ownership of the special limited partner interest in the Operating Partnership, the Advisor is entitled to an annual performance participation allocation of 12.5% of the Operating Partnership's total return. Total return is defined as distributions paid or accrued plus the change in net asset value of the Company's shares of
|
[
{
"Currency / Unit": "pure",
"End character": 202,
"End date for period": "2018-03-31",
"Label": "hgit:RelatedPartyPerformanceParticipationAllocationPercentageOfAnnualReturn",
"Start character": 198,
"Start date for period": "2018-01-01",
"Value": 0.125
}
] |
10-Q
|
0001585101-18-000031
|
2018-05-11T16:35:36+00:00
|
20180331
|
HINES GLOBAL INCOME TRUST, INC.
|
As of March 31, 2018, the Company estimated that the fair value of its notes payable, excluding deferred financing costs, which had a book value of $398.6 million, was $395.9 million. As of December 31, 2017, the Company estimated that the fair value of its notes payable, excluding deferred financing costs, which had a book value of $379.3 million, was $376.5 million. Management has utilized available market information such as interest rate and spread assumptions of notes payable with similar terms and remaining maturities, to estimate the amounts required to be disclosed. Although the Company has determined that the majority of the inputs used to value its notes payable fall within Level 2 of the fair value hierarchy, the credit quality adjustments associated with its fair value of notes payable utilize Level 3 inputs. However, the Company has assessed the significance of the impact of the credit quality adjustments on the overall valuations of the fair market value of its notes payable and has determined they are not significant. Other financial instruments not measured at fair value on a recurring basis include cash and cash equivalents, restricted cash, tenant and other receivables, accounts payable and accrued expenses, other liabilities, due to affiliates and distributions payable. The carrying value of these items reasonably approximates their fair value based on their highly-liquid nature and/or short-term maturities. Due to the short-term nature of these instruments, Level 1 inputs are utilized to estimate the fair value of the cash and cash equivalents and restricted cash and Level 2 inputs are utilized to estimate the fair value of the remaining financial instruments.
|
[
{
"Currency / Unit": "USD",
"End character": 154,
"End date for period": "2018-03-31",
"Label": "hgit:NotesPayableIncludingRelatedPartyGross",
"Start character": 149,
"Start date for period": "2018-03-31",
"Value": 398600000
},
{
"Currency / Unit": "USD",
"End character": 174,
"End date for period": "2018-03-31",
"Label": "us-gaap:NotesPayableFairValueDisclosure",
"Start character": 169,
"Start date for period": "2018-03-31",
"Value": 395900000
},
{
"Currency / Unit": "USD",
"End character": 342,
"End date for period": "2017-12-31",
"Label": "hgit:NotesPayableIncludingRelatedPartyGross",
"Start character": 337,
"Start date for period": "2017-12-31",
"Value": 379300000
},
{
"Currency / Unit": "USD",
"End character": 362,
"End date for period": "2017-12-31",
"Label": "us-gaap:NotesPayableFairValueDisclosure",
"Start character": 357,
"Start date for period": "2017-12-31",
"Value": 376500000
}
] |
10-Q
|
0000897101-18-000476
|
2018-05-10T16:12:15+00:00
|
20180331
|
INDUSTRIAL SERVICES OF AMERICA INC
|
The Company has a Long Term Incentive Plan adopted in 2009 ("LTIP") under which it may grant equity awards for up to 2.4 million shares of common stock, which are reserved by the Board of Directors for issuance of equity awards. The Company provides compensation benefits by granting stock options and other share-based awards to employees and directors. The exercise price of each option is equal to the market price of the Company's stock on the date of grant. The maximum term of the option is five years. The plan is accounted for based on FASB’s authoritative guidance titled "ASC 718 - Compensation - Stock Compensation." The Company recognizes share-based compensation expense for the fair value of the awards, on the date granted, on a straight-line basis over their vesting term (service period). Compensation expense is recognized only for share-based payments expected to vest. The Company estimates forfeitures at the date of grant based on the Company's historical experience and future expectations.
|
[
{
"Currency / Unit": "shares",
"End character": 120,
"End date for period": "2009-12-31",
"Label": "us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized",
"Start character": 117,
"Start date for period": "2009-12-31",
"Value": 2400000
}
] |
10-Q
|
0000897101-18-000476
|
2018-05-10T16:12:15+00:00
|
20180331
|
INDUSTRIAL SERVICES OF AMERICA INC
|
2.4 million shares of common stock, which are reserved by the Board of Directors for issuance of equity awards.
|
[
{
"Currency / Unit": "shares",
"End character": 3,
"End date for period": "2009-12-31",
"Label": "us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized",
"Start character": 0,
"Start date for period": "2009-12-31",
"Value": 2400000
}
] |
10-Q
|
0000897101-18-000476
|
2018-05-10T16:12:15+00:00
|
20180331
|
INDUSTRIAL SERVICES OF AMERICA INC
|
The Company filed an insurance claim related to roofs on certain of its buildings due to weather related damage and received an initial payment in the third quarter of 2016. Subsequent to March 31, 2018, the Company received an additional payment from its insurance company for $659.9 thousand. This amount is gross of certain related fees and expenses. The Company will record the gain in the second quarter of 2018.
|
[
{
"Currency / Unit": "USD",
"End character": 285,
"End date for period": "2018-03-31",
"Label": "us-gaap:ProceedsFromLegalSettlements",
"Start character": 280,
"Start date for period": "2018-01-01",
"Value": 659900
}
] |
10-Q
|
0000897101-18-000476
|
2018-05-10T16:12:15+00:00
|
20180331
|
INDUSTRIAL SERVICES OF AMERICA INC
|
On February 29, 2016, the Company closed on new financings with MidCap and paid off all remaining amounts due to the Company's previous lender Wells Fargo. Additionally, on February 29, 2016, the Company converted certain amounts payable to related parties into unsecured term notes payable to the same related parties as more fully described in Note 6 – Related Party Transactions. On March 31, 2017, the Company entered into an amendment to increase the line of credit, subject to the satisfaction of certain borrowing base restrictions (which have been satisfied), and extend the maturity date more fully described below. On June 23, 2017, in connection with the purchase of equipment to be used in the operation of the Company's business, the Company issued notes totaling $129.0 thousand principal amount due to a related party. See Note 6 – Related Party Transactions.
|
[
{
"Currency / Unit": "USD",
"End character": 784,
"End date for period": "2017-06-23",
"Label": "us-gaap:NotesPayableRelatedPartiesCurrentAndNoncurrent",
"Start character": 779,
"Start date for period": "2017-06-23",
"Value": 129000
}
] |
10-Q
|
0000897101-18-000476
|
2018-05-10T16:12:15+00:00
|
20180331
|
INDUSTRIAL SERVICES OF AMERICA INC
|
On March 31, 2017, the Company entered into an amendment to increase the line of credit, subject to the satisfaction of certain borrowing base restrictions (which have been satisfied), and extend the maturity date more fully described below. On June 23, 2017, in connection with the purchase of equipment to be used in the operation of the Company's business, the Company issued notes totaling $129.0 thousand principal amount due to a related party. See Note 6 – Related Party Transactions.
|
[
{
"Currency / Unit": "USD",
"End character": 401,
"End date for period": "2017-06-23",
"Label": "us-gaap:NotesPayableRelatedPartiesCurrentAndNoncurrent",
"Start character": 396,
"Start date for period": "2017-06-23",
"Value": 129000
}
] |
10-Q
|
0000897101-18-000476
|
2018-05-10T16:12:15+00:00
|
20180331
|
INDUSTRIAL SERVICES OF AMERICA INC
|
On February 29, 2016, the Company entered into the 2016 Loan, which, as initially entered into, provided a $6.0 million senior, secured asset-based line of credit with MidCap. The Company could borrow up to the sum of (a) 85% of the value of its eligible domestic accounts receivable; (b) the lesser of (i) $2.5 million and (ii) 75% of the net orderly liquidation value of eligible inventory; and (c) the lesser of (i) $500,000 and (ii) 40% of appraised net forced liquidation value of eligible fixed assets (the "Equipment Sublimit"). The Equipment Sublimit amortizes monthly on a straight line basis over sixty (60) months with no reduction to the overall line of credit availability. As described below, the 2016 Loan was amended on March 31, 2017.
|
[
{
"Currency / Unit": "USD",
"End character": 111,
"End date for period": "2016-02-29",
"Label": "us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity",
"Start character": 108,
"Start date for period": "2016-02-29",
"Value": 6000000
},
{
"Currency / Unit": "pure",
"End character": 224,
"End date for period": "2016-02-29",
"Label": "idsa:LineOfCreditFacilityCovenantPercentOfEligibleAccountsReceivable",
"Start character": 222,
"Start date for period": "2016-02-29",
"Value": 0.85
},
{
"Currency / Unit": "USD",
"End character": 311,
"End date for period": "2016-02-29",
"Label": "idsa:LineOfCreditFacilityBorrowingCapacityEligibleAccountsReceivable",
"Start character": 308,
"Start date for period": "2016-02-29",
"Value": 2500000
},
{
"Currency / Unit": "pure",
"End character": 331,
"End date for period": "2016-02-29",
"Label": "idsa:LineOfCreditFacilityCovenantPercentOfEligibleInventory",
"Start character": 329,
"Start date for period": "2016-02-29",
"Value": 0.75
},
{
"Currency / Unit": "pure",
"End character": 439,
"End date for period": "2016-02-29",
"Label": "idsa:LineOfCreditFacilityBorrowingCapacityPercentOfEligibleFixedAssets",
"Start character": 437,
"Start date for period": "2016-02-19",
"Value": 0.4
}
] |
10-Q
|
0000897101-18-000476
|
2018-05-10T16:12:15+00:00
|
20180331
|
INDUSTRIAL SERVICES OF AMERICA INC
|
The interest rate on the 2016 Loan is equal to the prime rate (4.75% as of March 31, 2018) plus 250 basis points (2.50%). In the Event of a Default (as defined in the 2016 Loan Agreement), the interest rate will increase by 300 basis points (3.00%). The 2016 Loan also has a monthly collateral-monitoring fee equal to 27.5 basis points (0.275%) of the average daily balance outstanding, an annual facility fee of 100 basis points (1.00%) and an unused line fee equal to an annual rate of 50 basis points (0.50%) of the average undrawn portion of the 2016 Loan.
|
[
{
"Currency / Unit": "pure",
"End character": 67,
"End date for period": "2016-02-29",
"Label": "idsa:VariableRateDuringPeriod",
"Start character": 63,
"Start date for period": "2016-02-19",
"Value": 0.0475
},
{
"Currency / Unit": "pure",
"End character": 118,
"End date for period": "2016-02-29",
"Label": "us-gaap:DebtInstrumentBasisSpreadOnVariableRate1",
"Start character": 114,
"Start date for period": "2016-02-19",
"Value": 0.025
},
{
"Currency / Unit": "pure",
"End character": 246,
"End date for period": "2016-02-29",
"Label": "us-gaap:DebtInstrumentInterestRateIncreaseDecrease",
"Start character": 242,
"Start date for period": "2016-02-19",
"Value": 0.03
},
{
"Currency / Unit": "pure",
"End character": 342,
"End date for period": "2016-02-29",
"Label": "idsa:LineOfCreditFacilityCollateralFeesPercent",
"Start character": 337,
"Start date for period": "2016-02-19",
"Value": 0.0027500000000000003
},
{
"Currency / Unit": "pure",
"End character": 435,
"End date for period": "2016-02-29",
"Label": "us-gaap:LineOfCreditFacilityCommitmentFeePercentage",
"Start character": 431,
"Start date for period": "2016-02-19",
"Value": 0.01
},
{
"Currency / Unit": "pure",
"End character": 509,
"End date for period": "2016-02-29",
"Label": "us-gaap:LineOfCreditFacilityUnusedCapacityCommitmentFeePercentage",
"Start character": 505,
"Start date for period": "2016-02-19",
"Value": 0.005
}
] |
10-Q
|
0000897101-18-000476
|
2018-05-10T16:12:15+00:00
|
20180331
|
INDUSTRIAL SERVICES OF AMERICA INC
|
The Company was subject to a prepayment fee of $120.0 thousand if the 2016 Loan was terminated or prepaid prior to the one year anniversary of the loan. The Company is subject to a prepayment fee of $60.0 thousand if the 2016 Loan is terminated or prepaid subsequent to the one year anniversary of the loan, but prior to the maturity date.
|
[
{
"Currency / Unit": "USD",
"End character": 53,
"End date for period": "2016-02-29",
"Label": "idsa:LineOfCreditPrepaymentFeeLessThanTwelveMonths",
"Start character": 48,
"Start date for period": "2016-02-19",
"Value": 120000
},
{
"Currency / Unit": "USD",
"End character": 204,
"End date for period": "2016-02-29",
"Label": "idsa:LineOfCreditPrepaymentFeeGreaterThanTwelveMonths",
"Start character": 200,
"Start date for period": "2016-02-19",
"Value": 60000
}
] |
10-Q
|
0000897101-18-000476
|
2018-05-10T16:12:15+00:00
|
20180331
|
INDUSTRIAL SERVICES OF AMERICA INC
|
The 2016 Loan Agreement contains a minimum line availability covenant equal to $350.0 thousand. This covenant may be replaced by a Fixed Charge Coverage Ratio ("FCCR") covenant once the Company has achieved a FCCR of 1.0x on an annualized basis.
|
[
{
"Currency / Unit": "USD",
"End character": 85,
"End date for period": "2016-02-29",
"Label": "idsa:LineOfCreditFacilityCovenantComplianceMinimumBorrowingCapacity",
"Start character": 80,
"Start date for period": "2016-02-29",
"Value": 350000
}
] |
10-Q
|
0000897101-18-000476
|
2018-05-10T16:12:15+00:00
|
20180331
|
INDUSTRIAL SERVICES OF AMERICA INC
|
The Company is allowed to sell or refinance up to $3.0 million in fair market value of real property provided (i) the proceeds from such refinance or sale remain with the Company; and (ii) no event of default exists at the time of such refinance or sale.
|
[
{
"Currency / Unit": "USD",
"End character": 54,
"End date for period": "2016-02-29",
"Label": "idsa:RealPropertyOwnedAndPledgedAsCollateralAmountEligibleToBeSoldOrRefinanced",
"Start character": 51,
"Start date for period": "2016-02-29",
"Value": 3000000
}
] |
10-Q
|
0000897101-18-000476
|
2018-05-10T16:12:15+00:00
|
20180331
|
INDUSTRIAL SERVICES OF AMERICA INC
|
$3.0 million in fair market value of real property provided (i) the proceeds from such refinance or sale remain with the Company; and (ii) no event of default exists at the time of such refinance or sale.
|
[
{
"Currency / Unit": "USD",
"End character": 4,
"End date for period": "2016-02-29",
"Label": "idsa:RealPropertyOwnedAndPledgedAsCollateralAmountEligibleToBeSoldOrRefinanced",
"Start character": 1,
"Start date for period": "2016-02-29",
"Value": 3000000
}
] |
10-Q
|
0000897101-18-000476
|
2018-05-10T16:12:15+00:00
|
20180331
|
INDUSTRIAL SERVICES OF AMERICA INC
|
On March 31, 2017, the Company and each of its wholly-owned subsidiaries entered into an amendment to the 2016 Loan with MidCap ("First Amendment"). The First Amendment increased the line of credit from $6.0 million to $8.0 million and extended the maturity date to February 28, 2020. As amended, the line of credit permits the Company to borrow an amount under the 2016 Loan equal to the lesser of (A) $8.0 million; and (B)(i) 85% of the value of the Company’s eligible domestic accounts receivable, plus (ii) the lesser of (x) $2.5 million and (y) 75% of the net orderly liquidation value of eligible inventory, plus (iii) the lesser of (x) $400,000 and (y) 40% of appraised net forced liquidation value of eligible fixed assets, plus (iv) the lesser of (x) $1.75 million and (y) 45% of the appraised value of certain properties owned by the Company (subject to MidCap's receipt of any third-party or internal approvals it may require in its discretion), minus (v) any amount which MidCap may require from time to time, pursuant to terms of the agreement, in order to secure amounts owed to MidCap under the agreement. The First Amendment contains a minimum line availability covenant equal to $350.0 thousand, the same as the original 2016 Loan. This covenant may be replaced by a FCCR covenant once the Company has achieved an FCCR of 1.1x on an annualized basis. The Company paid underwriting fees of $20.0 thousand at closing.
|
[
{
"Currency / Unit": "USD",
"End character": 207,
"End date for period": "2016-12-31",
"Label": "us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity",
"Start character": 204,
"Start date for period": "2016-12-31",
"Value": 6000000
},
{
"Currency / Unit": "USD",
"End character": 223,
"End date for period": "2018-03-31",
"Label": "us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity",
"Start character": 220,
"Start date for period": "2018-03-31",
"Value": 8000000
},
{
"Currency / Unit": "USD",
"End character": 407,
"End date for period": "2018-03-31",
"Label": "us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity",
"Start character": 404,
"Start date for period": "2018-03-31",
"Value": 8000000
},
{
"Currency / Unit": "pure",
"End character": 430,
"End date for period": "2018-03-31",
"Label": "idsa:LineOfCreditFacilityBorrowingCapacityPercentOfEligibleDomesticAccountsReceivable",
"Start character": 428,
"Start date for period": "2018-03-31",
"Value": 0.85
},
{
"Currency / Unit": "USD",
"End character": 533,
"End date for period": "2018-03-31",
"Label": "idsa:LineOfCreditFacilityBorrowingCapacityEligibleInventory",
"Start character": 530,
"Start date for period": "2018-03-31",
"Value": 2500000
},
{
"Currency / Unit": "pure",
"End character": 552,
"End date for period": "2018-03-31",
"Label": "idsa:LineOfCreditFacilityCovenantPercentOfEligibleInventory",
"Start character": 550,
"Start date for period": "2018-03-31",
"Value": 0.75
},
{
"Currency / Unit": "pure",
"End character": 662,
"End date for period": "2018-03-31",
"Label": "idsa:LineOfCreditFacilityBorrowingCapacityPercentOfEligibleFixedAssets",
"Start character": 660,
"Start date for period": "2018-01-01",
"Value": 0.4
},
{
"Currency / Unit": "USD",
"End character": 765,
"End date for period": "2018-03-31",
"Label": "idsa:LineOfCreditFacilityBorrowingCapacityEligibleFixedAssets",
"Start character": 761,
"Start date for period": "2018-03-31",
"Value": 1750000
},
{
"Currency / Unit": "pure",
"End character": 784,
"End date for period": "2018-03-31",
"Label": "idsa:LineOfCreditFacilityBorrowingCapacityPercentOfEligibleFixedAssets",
"Start character": 782,
"Start date for period": "2018-01-01",
"Value": 0.45
},
{
"Currency / Unit": "USD",
"End character": 1202,
"End date for period": "2018-03-31",
"Label": "idsa:LineOfCreditFacilityCovenantComplianceMinimumBorrowingCapacity",
"Start character": 1197,
"Start date for period": "2018-03-31",
"Value": 350000
},
{
"Currency / Unit": "USD",
"End character": 1411,
"End date for period": "2018-03-31",
"Label": "us-gaap:PaymentsOfDebtIssuanceCosts",
"Start character": 1407,
"Start date for period": "2018-01-01",
"Value": 20000
}
] |
10-Q
|
0000897101-18-000476
|
2018-05-10T16:12:15+00:00
|
20180331
|
INDUSTRIAL SERVICES OF AMERICA INC
|
On April 26, 2017, certain borrowing base restrictions were satisfied with MidCap which resulted in an increase in availability of $1.75 million.
|
[
{
"Currency / Unit": "USD",
"End character": 136,
"End date for period": "2017-04-26",
"Label": "idsa:LineOfCreditFacilityBorrowingCapacityEligibleFixedAssets",
"Start character": 132,
"Start date for period": "2017-04-26",
"Value": 1750000
}
] |
10-Q
|
0000897101-18-000476
|
2018-05-10T16:12:15+00:00
|
20180331
|
INDUSTRIAL SERVICES OF AMERICA INC
|
The Company paid and capitalized loan fees in the amount of $94.1 thousand during the three month period ended March 31, 2018.
|
[
{
"Currency / Unit": "USD",
"End character": 65,
"End date for period": "2018-03-31",
"Label": "us-gaap:PaymentsOfDebtIssuanceCosts",
"Start character": 61,
"Start date for period": "2018-01-01",
"Value": 94100
}
] |
10-Q
|
0000897101-18-000476
|
2018-05-10T16:12:15+00:00
|
20180331
|
INDUSTRIAL SERVICES OF AMERICA INC
|
Effective October 1, 2017, the Company entered into a new lease agreement with a related party for the same property (the "7100 Lease") that terminates and replaces the 7100 Prior Lease. The lease is for a period of seven years with rent payments of $37.5 thousand per month for the first five years. For each of the following one year periods, the annual rent increases the lesser of (a) the percentage change in the CPI over the preceding twelve months, or (b) 2% of the previous year's annual rent. The Company has the option to extend the lease for two additional consecutive terms, each such extended term to be for a period of five years. In addition, the Company is responsible for real estate taxes, insurance, utilities and maintenance expense.
|
[
{
"Currency / Unit": "USD",
"End character": 256,
"End date for period": "2017-10-01",
"Label": "idsa:OperatingLeasesMonthlyRentExpenseGross",
"Start character": 252,
"Start date for period": "2017-10-01",
"Value": 37500
}
] |
10-Q
|
0000897101-18-000476
|
2018-05-10T16:12:15+00:00
|
20180331
|
INDUSTRIAL SERVICES OF AMERICA INC
|
Effective October 1, 2017, the Company entered into a new lease agreement with a related party for the same property (the "7100 Lease") that terminates and replaces the 7100 Prior Lease. The lease is for a period of seven years with rent payments of $37.5 thousand per month for the first five years. For each of the following one year periods, the annual rent increases the lesser of (a) the percentage change in the CPI over the preceding twelve months, or (b) 2% of the previous year's annual rent. The Company has the option to extend the lease for two additional consecutive terms, each such extended term to be for a period of five years. In addition, the Company is responsible for real estate taxes, insurance, utilities and maintenance expense.
|
[
{
"Currency / Unit": "USD",
"End character": 256,
"End date for period": "2017-10-01",
"Label": "idsa:OperatingLeasesMonthlyRentExpenseGross",
"Start character": 252,
"Start date for period": "2017-10-01",
"Value": 37500
}
] |
10-Q
|
0000897101-18-000476
|
2018-05-10T16:12:15+00:00
|
20180331
|
INDUSTRIAL SERVICES OF AMERICA INC
|
Effective October 1, 2017, the Company entered into a new lease agreement with a related party for the same property (the "7100 Lease") that terminates and replaces the 7100 Prior Lease. The lease is for a period of seven years with rent payments of $37.5 thousand per month for the first five years. For each of the following one year periods, the annual rent increases the lesser of (a) the percentage change in the CPI over the preceding twelve months, or (b) 2% of the previous year's annual rent. The Company has the option to extend the lease for two additional consecutive terms, each such extended term to be for a period of five years. In addition, the Company is responsible for real estate taxes, insurance, utilities and maintenance expense.
|
[
{
"Currency / Unit": "USD",
"End character": 256,
"End date for period": "2017-10-01",
"Label": "idsa:OperatingLeasesMonthlyRentExpenseGross",
"Start character": 252,
"Start date for period": "2017-10-01",
"Value": 37500
}
] |
10-Q
|
0000897101-18-000476
|
2018-05-10T16:12:15+00:00
|
20180331
|
INDUSTRIAL SERVICES OF AMERICA INC
|
The lease is for a period of seven years with rent payments of $37.5 thousand per month for the first five years. For each of the following one year periods, the annual rent increases the lesser of (a) the percentage change in the CPI over the preceding twelve months, or (b) 2% of the previous year's annual rent. The Company has the option to extend the lease for two additional consecutive terms, each such extended term to be for a period of five years. In addition, the Company is responsible for real estate taxes, insurance, utilities and maintenance expense.
|
[
{
"Currency / Unit": "USD",
"End character": 68,
"End date for period": "2017-10-01",
"Label": "idsa:OperatingLeasesMonthlyRentExpenseGross",
"Start character": 64,
"Start date for period": "2017-10-01",
"Value": 37500
}
] |
10-Q
|
0000897101-18-000476
|
2018-05-10T16:12:15+00:00
|
20180331
|
INDUSTRIAL SERVICES OF AMERICA INC
|
The lease is for a period of seven years with rent payments of $37.5 thousand per month for the first five years. For each of the following one year periods, the annual rent increases the lesser of (a) the percentage change in the CPI over the preceding twelve months, or (b) 2% of the previous year's annual rent. The Company has the option to extend the lease for two additional consecutive terms, each such extended term to be for a period of five years. In addition, the Company is responsible for real estate taxes, insurance, utilities and maintenance expense.
|
[
{
"Currency / Unit": "USD",
"End character": 68,
"End date for period": "2017-10-01",
"Label": "idsa:OperatingLeasesMonthlyRentExpenseGross",
"Start character": 64,
"Start date for period": "2017-10-01",
"Value": 37500
}
] |
10-Q
|
0000897101-18-000476
|
2018-05-10T16:12:15+00:00
|
20180331
|
INDUSTRIAL SERVICES OF AMERICA INC
|
On March 3, 2018, the Company entered into a lease agreement to lease a piece of equipment for $0.6 thousand per month. The lease is for a period of five years.
|
[
{
"Currency / Unit": "USD",
"End character": 99,
"End date for period": "2018-03-03",
"Label": "idsa:OperatingLeasesMonthlyRentExpenseGross",
"Start character": 96,
"Start date for period": "2018-03-02",
"Value": 600
}
] |
10-Q
|
0000897101-18-000476
|
2018-05-10T16:12:15+00:00
|
20180331
|
INDUSTRIAL SERVICES OF AMERICA INC
|
On May 1, 2016, the Company entered into an amended agreement to lease three cranes (the "Crane Lease"). The Crane Lease expires April 30, 2021. Payments are $14.5 thousand per month for the first twelve months following the amendment date, followed by monthly payments of $31.3 thousand thereafter for the remainder of the lease term. There is no bargain purchase option associated with the Crane Lease. Based on the new lease terms, the Company classified the Crane Lease as a capital lease. At inception, the Company recorded a capital lease obligation of $1.3 million. The Company used a weighted average cost of capital of 9.3% to calculate the capital lease obligation. For the three months ended March 31, 2018, the Company recorded $64.2 thousand in depreciation expense and $23.9 thousand in interest expense related to the Crane Lease. The net book value and the related accumulated depreciation of the Crane Lease were $792.3 thousand and $492.5 thousand, respectively, at March 31, 2018. For the three months ended March 31, 2017, the Company recorded $64.2 thousand in depreciation expense and $28.9 thousand in interest expense related to the Crane Lease. The net book value and the related accumulated depreciation of the Crane Lease were $1.0 million and $428.3 thousand, respectively, at December 31, 2017.
|
[
{
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"End date for period": "2016-05-01",
"Label": "idsa:CapitalLeasesMonthlyRentalPaymentsForFirstTwelveMonthsFollowingAmendmentDate",
"Start character": 159,
"Start date for period": "2016-04-30",
"Value": 14500
},
{
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"End character": 278,
"End date for period": "2016-05-01",
"Label": "idsa:CapitalLeasesMonthlyRentalPaymentsForReminderOfLeaseTerm",
"Start character": 274,
"Start date for period": "2016-04-30",
"Value": 31300
},
{
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"End date for period": "2018-03-31",
"Label": "us-gaap:CapitalLeaseObligations",
"Start character": 560,
"Start date for period": "2018-03-31",
"Value": 1300000
},
{
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"End character": 631,
"End date for period": "2018-03-31",
"Label": "idsa:WeightedAverageCostOfCapital",
"Start character": 628,
"Start date for period": "2018-03-31",
"Value": 0.093
},
{
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"End character": 745,
"End date for period": "2018-03-31",
"Label": "idsa:DepreciationExpenseLesseeAssetsUnderCapitalLease",
"Start character": 741,
"Start date for period": "2018-01-01",
"Value": 64200
},
{
"Currency / Unit": "USD",
"End character": 788,
"End date for period": "2018-03-31",
"Label": "us-gaap:InterestExpenseLesseeAssetsUnderCapitalLease",
"Start character": 784,
"Start date for period": "2018-01-01",
"Value": 23900
},
{
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"End character": 936,
"End date for period": "2018-03-31",
"Label": "us-gaap:CapitalLeaseObligations",
"Start character": 931,
"Start date for period": "2018-03-31",
"Value": 792300
},
{
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"End date for period": "2018-03-31",
"Label": "us-gaap:CapitalLeasesLesseeBalanceSheetAssetsByMajorClassAccumulatedDeprecation",
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"Start date for period": "2018-03-31",
"Value": 492500
},
{
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"End character": 1070,
"End date for period": "2018-03-31",
"Label": "idsa:DepreciationExpenseLesseeAssetsUnderCapitalLease",
"Start character": 1066,
"Start date for period": "2018-01-01",
"Value": 64200
},
{
"Currency / Unit": "USD",
"End character": 1113,
"End date for period": "2017-03-31",
"Label": "us-gaap:InterestExpenseLesseeAssetsUnderCapitalLease",
"Start character": 1109,
"Start date for period": "2017-01-01",
"Value": 28900
},
{
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"End character": 1260,
"End date for period": "2017-03-31",
"Label": "us-gaap:CapitalLeaseObligations",
"Start character": 1257,
"Start date for period": "2017-03-31",
"Value": 1000000
},
{
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"End character": 1279,
"End date for period": "2017-03-31",
"Label": "us-gaap:CapitalLeasesLesseeBalanceSheetAssetsByMajorClassAccumulatedDeprecation",
"Start character": 1274,
"Start date for period": "2017-03-31",
"Value": 428300
}
] |
10-Q
|
0000897101-18-000476
|
2018-05-10T16:12:15+00:00
|
20180331
|
INDUSTRIAL SERVICES OF AMERICA INC
|
The Company entered into a capital lease, effective June 2017, to lease two pieces of equipment (the "Forklift Lease"). The lease is for a period of six years and the payments are $1.4 thousand per month. The Company has the option to purchase the equipment for a purchase price of $1.00 per item of equipment upon the expiration of the lease. At inception, the Company recorded a capital lease obligation of $75.2 thousand. The Company used a weighted average cost of capital of 10.0% to calculate the capital lease obligation. For the three months ended March 31, 2018, the Company has recorded $3.1 thousand in depreciation expense and $1.7 thousand in interest expense related to the Forklift Lease. The net book value and the related accumulated depreciation of the Forklift Lease were $64.8 thousand and $10.5 thousand, respectively, at March 31, 2018. The net book value and the related accumulated depreciation of the Forklift Lease were $67.9 thousand and $7.3 thousand, respectively, at December 31, 2017.
|
[
{
"Currency / Unit": "USD",
"End character": 185,
"End date for period": "2018-03-31",
"Label": "idsa:OperatingLeasesMonthlyRentExpenseGross",
"Start character": 182,
"Start date for period": "2017-06-01",
"Value": 1400
},
{
"Currency / Unit": "USD",
"End character": 416,
"End date for period": "2018-03-31",
"Label": "us-gaap:CapitalLeaseObligations",
"Start character": 412,
"Start date for period": "2018-03-31",
"Value": 75200
},
{
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"Label": "idsa:WeightedAverageCostOfCapital",
"Start character": 482,
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"Value": 0.1
},
{
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"Label": "idsa:DepreciationExpenseLesseeAssetsUnderCapitalLease",
"Start character": 601,
"Start date for period": "2018-01-01",
"Value": 3100
},
{
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"End character": 646,
"End date for period": "2018-03-31",
"Label": "us-gaap:InterestExpenseLesseeAssetsUnderCapitalLease",
"Start character": 643,
"Start date for period": "2018-01-01",
"Value": 1700
},
{
"Currency / Unit": "USD",
"End character": 800,
"End date for period": "2018-03-31",
"Label": "us-gaap:CapitalLeaseObligations",
"Start character": 796,
"Start date for period": "2018-03-31",
"Value": 64800
},
{
"Currency / Unit": "USD",
"End character": 819,
"End date for period": "2018-03-31",
"Label": "us-gaap:CapitalLeasesLesseeBalanceSheetAssetsByMajorClassAccumulatedDeprecation",
"Start character": 815,
"Start date for period": "2018-03-31",
"Value": 10500
},
{
"Currency / Unit": "USD",
"End character": 955,
"End date for period": "2017-12-31",
"Label": "us-gaap:CapitalLeaseObligations",
"Start character": 951,
"Start date for period": "2017-12-31",
"Value": 67900
},
{
"Currency / Unit": "USD",
"End character": 973,
"End date for period": "2017-12-31",
"Label": "us-gaap:CapitalLeasesLesseeBalanceSheetAssetsByMajorClassAccumulatedDeprecation",
"Start character": 970,
"Start date for period": "2017-12-31",
"Value": 7300
}
] |
10-Q
|
0000897101-18-000476
|
2018-05-10T16:12:15+00:00
|
20180331
|
INDUSTRIAL SERVICES OF AMERICA INC
|
At inception, the Company recorded a capital lease obligation of $75.2 thousand. The Company used a weighted average cost of capital of 10.0% to calculate the capital lease obligation. For the three months ended March 31, 2018, the Company has recorded $3.1 thousand in depreciation expense and $1.7 thousand in interest expense related to the Forklift Lease. The net book value and the related accumulated depreciation of the Forklift Lease were $64.8 thousand and $10.5 thousand, respectively, at March 31, 2018. The net book value and the related accumulated depreciation of the Forklift Lease were $67.9 thousand and $7.3 thousand, respectively, at December 31, 2017.
|
[
{
"Currency / Unit": "USD",
"End character": 70,
"End date for period": "2018-03-31",
"Label": "us-gaap:CapitalLeaseObligations",
"Start character": 66,
"Start date for period": "2018-03-31",
"Value": 75200
},
{
"Currency / Unit": "pure",
"End character": 140,
"End date for period": "2018-03-31",
"Label": "idsa:WeightedAverageCostOfCapital",
"Start character": 136,
"Start date for period": "2018-03-31",
"Value": 0.1
},
{
"Currency / Unit": "USD",
"End character": 258,
"End date for period": "2018-03-31",
"Label": "idsa:DepreciationExpenseLesseeAssetsUnderCapitalLease",
"Start character": 255,
"Start date for period": "2018-01-01",
"Value": 3100
},
{
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"End character": 300,
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"Label": "us-gaap:InterestExpenseLesseeAssetsUnderCapitalLease",
"Start character": 297,
"Start date for period": "2018-01-01",
"Value": 1700
},
{
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"End character": 454,
"End date for period": "2018-03-31",
"Label": "us-gaap:CapitalLeaseObligations",
"Start character": 450,
"Start date for period": "2018-03-31",
"Value": 64800
},
{
"Currency / Unit": "USD",
"End character": 473,
"End date for period": "2018-03-31",
"Label": "us-gaap:CapitalLeasesLesseeBalanceSheetAssetsByMajorClassAccumulatedDeprecation",
"Start character": 469,
"Start date for period": "2018-03-31",
"Value": 10500
},
{
"Currency / Unit": "USD",
"End character": 609,
"End date for period": "2017-12-31",
"Label": "us-gaap:CapitalLeaseObligations",
"Start character": 605,
"Start date for period": "2017-12-31",
"Value": 67900
},
{
"Currency / Unit": "USD",
"End character": 627,
"End date for period": "2017-12-31",
"Label": "us-gaap:CapitalLeasesLesseeBalanceSheetAssetsByMajorClassAccumulatedDeprecation",
"Start character": 624,
"Start date for period": "2017-12-31",
"Value": 7300
}
] |
10-Q
|
0000897101-18-000476
|
2018-05-10T16:12:15+00:00
|
20180331
|
INDUSTRIAL SERVICES OF AMERICA INC
|
% to calculate the capital lease obligation. For the three months ended March 31, 2018, the Company has recorded $3.1 thousand in depreciation expense and $1.7 thousand in interest expense related to the Forklift Lease. The net book value and the related accumulated depreciation of the Forklift Lease were $64.8 thousand and $10.5 thousand, respectively, at March 31, 2018. The net book value and the related accumulated depreciation of the Forklift Lease were $67.9 thousand and $7.3 thousand, respectively, at December 31, 2017.
|
[
{
"Currency / Unit": "USD",
"End character": 118,
"End date for period": "2018-03-31",
"Label": "idsa:DepreciationExpenseLesseeAssetsUnderCapitalLease",
"Start character": 115,
"Start date for period": "2018-01-01",
"Value": 3100
},
{
"Currency / Unit": "USD",
"End character": 160,
"End date for period": "2018-03-31",
"Label": "us-gaap:InterestExpenseLesseeAssetsUnderCapitalLease",
"Start character": 157,
"Start date for period": "2018-01-01",
"Value": 1700
},
{
"Currency / Unit": "USD",
"End character": 314,
"End date for period": "2018-03-31",
"Label": "us-gaap:CapitalLeaseObligations",
"Start character": 310,
"Start date for period": "2018-03-31",
"Value": 64800
},
{
"Currency / Unit": "USD",
"End character": 333,
"End date for period": "2018-03-31",
"Label": "us-gaap:CapitalLeasesLesseeBalanceSheetAssetsByMajorClassAccumulatedDeprecation",
"Start character": 329,
"Start date for period": "2018-03-31",
"Value": 10500
},
{
"Currency / Unit": "USD",
"End character": 469,
"End date for period": "2017-12-31",
"Label": "us-gaap:CapitalLeaseObligations",
"Start character": 465,
"Start date for period": "2017-12-31",
"Value": 67900
},
{
"Currency / Unit": "USD",
"End character": 487,
"End date for period": "2017-12-31",
"Label": "us-gaap:CapitalLeasesLesseeBalanceSheetAssetsByMajorClassAccumulatedDeprecation",
"Start character": 484,
"Start date for period": "2017-12-31",
"Value": 7300
}
] |
10-Q
|
0000897101-18-000476
|
2018-05-10T16:12:15+00:00
|
20180331
|
INDUSTRIAL SERVICES OF AMERICA INC
|
The Company is involved in various transactions with K&R and 7100 LLC, which are wholly-owned by Kletter Holdings LLC, the sole member of which was Harry Kletter, the Company's founder and former Chief Executive Officer. After Mr. Kletter's passing in January 2014, Orson Oliver assumed the roles of executor of Mr. Kletter’s estate and President of Kletter Holdings LLC. Mr. Oliver was the Company's Chairman of the Board and interim Chief Executive Officer from 2014 until his resignation on March 26, 2018. Mr. Oliver continues to be a member of the Company's Board of Directors. As of March 31, 2018, Mr. Kletter’s estate, K&R and the Harry Kletter Family Limited Partnership collectively, beneficially own in excess of 20% of the Company's issued and outstanding shares.
|
[
{
"Currency / Unit": "pure",
"End character": 262,
"End date for period": "2018-03-31",
"Label": "idsa:PercentageOfStockOwnedByInvestor",
"Start character": 260,
"Start date for period": "2018-03-31",
"Value": 0.2
}
] |
10-Q
|
0000897101-18-000476
|
2018-05-10T16:12:15+00:00
|
20180331
|
INDUSTRIAL SERVICES OF AMERICA INC
|
On September 13, 2013, K&R made a $500.0 thousand refundable, non-interest bearing deposit with the Company related to K&R's potential purchase of the Company's formerly owned real property located at 1565 East 4th Street in Seymour, Indiana. The Company was permitted and used the deposited funds for general corporate purposes. K&R did not acquire the property. Under the Company's lending arrangements, a refund of the deposit to K&R would have to be approved by the Company's lenders. This amount was converted into a term note during 2016 as described below.
|
[
{
"Currency / Unit": "USD",
"End character": 40,
"End date for period": "2013-09-13",
"Label": "us-gaap:RelatedPartyDepositLiabilities",
"Start character": 35,
"Start date for period": "2013-09-13",
"Value": 500000
}
] |
10-Q
|
0000897101-18-000476
|
2018-05-10T16:12:15+00:00
|
20180331
|
INDUSTRIAL SERVICES OF AMERICA INC
|
On February 29, 2016, K&R assigned its interest in the 7100 Lease to another entity, 7100 LLC, also controlled by Mr. Kletter’s estate. At that time, the total amount due to the estate’s various entities, which amounted to approximately $1.5 million and is inclusive of the $500.0 thousand noted above, became a subordinated, unsecured debt (the "Kletter Notes") owed by the Company. A portion of the amount, approximately $620.3 thousand, is owed to K&R, with the remaining amount, approximating $883.8 thousand, owed to 7100 LLC. Interest will accrue monthly at a per annum rate of 5.0%. Interest accrued until April 30, 2017, at which time interest is paid as due. Until maturity on December 31, 2020, the Kletter Notes are subject to intercreditor agreements between the respective Note holder and MidCap. This amount of $1.5 million represents all net amounts due to Kletter estate entities as of February 29, 2016 with the exception of a $32.0 thousand deposit owed by K&R to the Company. If the Company sells property it owns at 7110 Grade Lane in Louisville, Kentucky, the Company shall make a principal payment to K&R of $500.0 thousand. Otherwise, all remaining principal is due at maturity.
|
[
{
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"End character": 241,
"End date for period": "2016-02-29",
"Label": "us-gaap:NotesPayableRelatedPartiesCurrentAndNoncurrent",
"Start character": 238,
"Start date for period": "2016-02-29",
"Value": 1500000
},
{
"Currency / Unit": "USD",
"End character": 280,
"End date for period": "2016-02-29",
"Label": "us-gaap:DueToRelatedPartiesCurrentAndNoncurrent",
"Start character": 275,
"Start date for period": "2016-02-29",
"Value": 500000
},
{
"Currency / Unit": "USD",
"End character": 429,
"End date for period": "2016-02-29",
"Label": "us-gaap:NotesPayableRelatedPartiesCurrentAndNoncurrent",
"Start character": 424,
"Start date for period": "2016-02-29",
"Value": 620300
},
{
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"End character": 503,
"End date for period": "2016-02-29",
"Label": "us-gaap:NotesPayableRelatedPartiesCurrentAndNoncurrent",
"Start character": 498,
"Start date for period": "2016-02-29",
"Value": 883800
},
{
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"End character": 587,
"End date for period": "2016-02-29",
"Label": "us-gaap:DebtInstrumentInterestRateStatedPercentage",
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"Start date for period": "2016-02-29",
"Value": 0.05
},
{
"Currency / Unit": "USD",
"End character": 829,
"End date for period": "2016-02-29",
"Label": "us-gaap:NotesPayableRelatedPartiesCurrentAndNoncurrent",
"Start character": 826,
"Start date for period": "2016-02-29",
"Value": 1500000
},
{
"Currency / Unit": "USD",
"End character": 949,
"End date for period": "2016-02-29",
"Label": "us-gaap:DueFromRelatedParties",
"Start character": 945,
"Start date for period": "2016-02-29",
"Value": 32000
},
{
"Currency / Unit": "USD",
"End character": 1136,
"End date for period": "2016-02-29",
"Label": "us-gaap:DueToRelatedPartiesCurrentAndNoncurrent",
"Start character": 1131,
"Start date for period": "2016-02-29",
"Value": 500000
}
] |
10-Q
|
0000897101-18-000476
|
2018-05-10T16:12:15+00:00
|
20180331
|
INDUSTRIAL SERVICES OF AMERICA INC
|
Under the Handler Agreement, the Company purchased a hydraulic scrap handler from K&R for a purchase price of $90.0, thousand, with a $9.0 thousand down payment and a 24-month promissory note ("Handler Note") in the face principal amount of the remaining $81.0 thousand. The Handler Note is interest free and provides for payments in equal monthly installments of $3.4 thousand. Under the Handler Note, payments commenced on July 1, 2017. Upon a default, the Handler Note will bear interest at 1% per annum.
|
[
{
"Currency / Unit": "USD",
"End character": 115,
"End date for period": "2017-06-23",
"Label": "idsa:AmountOfAssetsPurchasedUnderAgreement",
"Start character": 111,
"Start date for period": "2017-06-22",
"Value": 90000
},
{
"Currency / Unit": "USD",
"End character": 138,
"End date for period": "2017-06-23",
"Label": "us-gaap:PaymentsToAcquirePropertyPlantAndEquipment",
"Start character": 135,
"Start date for period": "2017-06-22",
"Value": 9000
},
{
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"End character": 260,
"End date for period": "2017-06-23",
"Label": "us-gaap:DebtInstrumentFaceAmount",
"Start character": 256,
"Start date for period": "2017-06-23",
"Value": 81000
},
{
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"End character": 368,
"End date for period": "2017-06-23",
"Label": "idsa:AmountPayableInEqualMonthlyInstallmentsUnderAgreement",
"Start character": 365,
"Start date for period": "2017-06-22",
"Value": 3400
},
{
"Currency / Unit": "pure",
"End character": 431,
"End date for period": "2017-06-23",
"Label": "idsa:DebtInstrumentInterestRatePercentageUponDefault",
"Start character": 430,
"Start date for period": "2017-06-22",
"Value": 0.01
}
] |
10-Q
|
0000897101-18-000476
|
2018-05-10T16:12:15+00:00
|
20180331
|
INDUSTRIAL SERVICES OF AMERICA INC
|
Under the Crane Agreement, the Company purchased a 2011 Komatsu crane from K&R for a purchase price of $60.0 thousand, with a $12.0 thousand down payment and a 24-month promissory note ("Crane Note") in the face principal amount of the remaining $48.0 thousand. The Crane Note is interest free and provides for payments in equal monthly installments of $2.0 thousand. Under the Crane Note, payments commenced on July 1, 2017. Upon a default, the Crane Note will bear interest at 1% per annum.
|
[
{
"Currency / Unit": "USD",
"End character": 108,
"End date for period": "2017-06-23",
"Label": "idsa:AmountOfAssetsPurchasedUnderAgreement",
"Start character": 104,
"Start date for period": "2017-06-22",
"Value": 60000
},
{
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"End character": 131,
"End date for period": "2017-06-23",
"Label": "us-gaap:PaymentsToAcquirePropertyPlantAndEquipment",
"Start character": 127,
"Start date for period": "2017-06-22",
"Value": 12000
},
{
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"End character": 251,
"End date for period": "2017-06-23",
"Label": "us-gaap:DebtInstrumentFaceAmount",
"Start character": 247,
"Start date for period": "2017-06-23",
"Value": 48000
},
{
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"End character": 357,
"End date for period": "2017-06-23",
"Label": "idsa:AmountPayableInEqualMonthlyInstallmentsUnderAgreement",
"Start character": 354,
"Start date for period": "2017-06-22",
"Value": 2000
},
{
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"End date for period": "2017-06-23",
"Label": "idsa:DebtInstrumentInterestRatePercentageUponDefault",
"Start character": 417,
"Start date for period": "2017-06-22",
"Value": 0.01
}
] |
10-Q
|
0000897101-18-000476
|
2018-05-10T16:12:15+00:00
|
20180331
|
INDUSTRIAL SERVICES OF AMERICA INC
|
Under the Crane Agreement, the Company purchased a 2011 Komatsu crane from K&R for a purchase price of $60.0 thousand, with a $12.0 thousand down payment and a 24-month promissory note ("Crane Note") in the face principal amount of the remaining $48.0 thousand. The Crane Note is interest free and provides for payments in equal monthly installments of $2.0 thousand. Under the Crane Note, payments commenced on July 1, 2017. Upon a default, the Crane Note will bear interest at 1% per annum.
|
[
{
"Currency / Unit": "USD",
"End character": 108,
"End date for period": "2017-06-23",
"Label": "idsa:AmountOfAssetsPurchasedUnderAgreement",
"Start character": 104,
"Start date for period": "2017-06-22",
"Value": 60000
},
{
"Currency / Unit": "USD",
"End character": 131,
"End date for period": "2017-06-23",
"Label": "us-gaap:PaymentsToAcquirePropertyPlantAndEquipment",
"Start character": 127,
"Start date for period": "2017-06-22",
"Value": 12000
},
{
"Currency / Unit": "USD",
"End character": 251,
"End date for period": "2017-06-23",
"Label": "us-gaap:DebtInstrumentFaceAmount",
"Start character": 247,
"Start date for period": "2017-06-23",
"Value": 48000
},
{
"Currency / Unit": "USD",
"End character": 357,
"End date for period": "2017-06-23",
"Label": "idsa:AmountPayableInEqualMonthlyInstallmentsUnderAgreement",
"Start character": 354,
"Start date for period": "2017-06-22",
"Value": 2000
},
{
"Currency / Unit": "pure",
"End character": 418,
"End date for period": "2017-06-23",
"Label": "idsa:DebtInstrumentInterestRatePercentageUponDefault",
"Start character": 417,
"Start date for period": "2017-06-22",
"Value": 0.01
}
] |
10-Q
|
0000897101-18-000476
|
2018-05-10T16:12:15+00:00
|
20180331
|
INDUSTRIAL SERVICES OF AMERICA INC
|
Under the Crane Agreement, the Company purchased a 2011 Komatsu crane from K&R for a purchase price of $60.0 thousand, with a $12.0 thousand down payment and a 24-month promissory note ("Crane Note") in the face principal amount of the remaining $48.0 thousand. The Crane Note is interest free and provides for payments in equal monthly installments of $2.0 thousand. Under the Crane Note, payments commenced on July 1, 2017. Upon a default, the Crane Note will bear interest at 1% per annum.
|
[
{
"Currency / Unit": "USD",
"End character": 108,
"End date for period": "2017-06-23",
"Label": "idsa:AmountOfAssetsPurchasedUnderAgreement",
"Start character": 104,
"Start date for period": "2017-06-22",
"Value": 60000
},
{
"Currency / Unit": "USD",
"End character": 131,
"End date for period": "2017-06-23",
"Label": "us-gaap:PaymentsToAcquirePropertyPlantAndEquipment",
"Start character": 127,
"Start date for period": "2017-06-22",
"Value": 12000
},
{
"Currency / Unit": "USD",
"End character": 251,
"End date for period": "2017-06-23",
"Label": "us-gaap:DebtInstrumentFaceAmount",
"Start character": 247,
"Start date for period": "2017-06-23",
"Value": 48000
},
{
"Currency / Unit": "USD",
"End character": 357,
"End date for period": "2017-06-23",
"Label": "idsa:AmountPayableInEqualMonthlyInstallmentsUnderAgreement",
"Start character": 354,
"Start date for period": "2017-06-22",
"Value": 2000
},
{
"Currency / Unit": "pure",
"End character": 418,
"End date for period": "2017-06-23",
"Label": "idsa:DebtInstrumentInterestRatePercentageUponDefault",
"Start character": 417,
"Start date for period": "2017-06-22",
"Value": 0.01
}
] |
10-Q
|
0000897101-18-000476
|
2018-05-10T16:12:15+00:00
|
20180331
|
INDUSTRIAL SERVICES OF AMERICA INC
|
Under the Crane Agreement, the Company purchased a 2011 Komatsu crane from K&R for a purchase price of $60.0 thousand, with a $12.0 thousand down payment and a 24-month promissory note ("Crane Note") in the face principal amount of the remaining $48.0 thousand. The Crane Note is interest free and provides for payments in equal monthly installments of $2.0 thousand. Under the Crane Note, payments commenced on July 1, 2017. Upon a default, the Crane Note will bear interest at 1% per annum
|
[
{
"Currency / Unit": "USD",
"End character": 108,
"End date for period": "2017-06-23",
"Label": "idsa:AmountOfAssetsPurchasedUnderAgreement",
"Start character": 104,
"Start date for period": "2017-06-22",
"Value": 60000
},
{
"Currency / Unit": "USD",
"End character": 131,
"End date for period": "2017-06-23",
"Label": "us-gaap:PaymentsToAcquirePropertyPlantAndEquipment",
"Start character": 127,
"Start date for period": "2017-06-22",
"Value": 12000
},
{
"Currency / Unit": "USD",
"End character": 251,
"End date for period": "2017-06-23",
"Label": "us-gaap:DebtInstrumentFaceAmount",
"Start character": 247,
"Start date for period": "2017-06-23",
"Value": 48000
},
{
"Currency / Unit": "USD",
"End character": 357,
"End date for period": "2017-06-23",
"Label": "idsa:AmountPayableInEqualMonthlyInstallmentsUnderAgreement",
"Start character": 354,
"Start date for period": "2017-06-22",
"Value": 2000
},
{
"Currency / Unit": "pure",
"End character": 418,
"End date for period": "2017-06-23",
"Label": "idsa:DebtInstrumentInterestRatePercentageUponDefault",
"Start character": 417,
"Start date for period": "2017-06-22",
"Value": 0.01
}
] |
10-Q
|
0000897101-18-000476
|
2018-05-10T16:12:15+00:00
|
20180331
|
INDUSTRIAL SERVICES OF AMERICA INC
|
The Company entered into an agreement and promissory note (the "Back Rent Agreement"), effective October 1, 2017, to pay 7100 LLC $345.8 thousand for back rent past due and owed under the 7100 Prior Lease with an initial payment of $100.0 thousand paid at the signing of the Back Rent Agreement with six consecutive monthly payments of $41.0 thousand each, beginning November 1, 2017.
|
[
{
"Currency / Unit": "USD",
"End character": 136,
"End date for period": "2017-11-01",
"Label": "us-gaap:DebtInstrumentFaceAmount",
"Start character": 131,
"Start date for period": "2017-11-01",
"Value": 345800
},
{
"Currency / Unit": "USD",
"End character": 238,
"End date for period": "2017-11-01",
"Label": "idsa:PaymentOfInitialAmountAtSigningOfAgreement",
"Start character": 233,
"Start date for period": "2017-10-31",
"Value": 100000
},
{
"Currency / Unit": "USD",
"End character": 341,
"End date for period": "2017-11-01",
"Label": "idsa:AmountPayableInEqualMonthlyInstallmentsUnderAgreement",
"Start character": 337,
"Start date for period": "2017-10-31",
"Value": 41000
}
] |
10-Q
|
0000897101-18-000476
|
2018-05-10T16:12:15+00:00
|
20180331
|
INDUSTRIAL SERVICES OF AMERICA INC
|
On April 30, 2015, the Company entered into a lease agreement with LK Property, for a portion of the 4.4 acre parcel of real estate located at 6709 Grade Lane, Louisville, Kentucky in the amount of $3.0 thousand per month. The lease terminates on April 14, 2019, but the Company has the right to terminate the lease and vacate the leased premises upon 90 days notice. The Company is required to reimburse the lessor for 40% of the property taxes on the parcel during the term. LK Property is an entity principally owned by Daniel M. Rifkin, CEO of MetalX LLC ("MetalX"), a scrap metal recycling company headquartered in Waterloo, Indiana, and the principal owner of Recycling Capital Partners, LLC ("RCP").
|
[
{
"Currency / Unit": "USD",
"End character": 202,
"End date for period": "2015-04-30",
"Label": "us-gaap:SaleLeasebackTransactionMonthlyRentalPayments",
"Start character": 199,
"Start date for period": "2015-04-30",
"Value": 3000
},
{
"Currency / Unit": "pure",
"End character": 422,
"End date for period": "2015-04-30",
"Label": "idsa:SaleLeasebackTransactionReimbursementPercentageOfPropertyTaxes",
"Start character": 420,
"Start date for period": "2015-04-30",
"Value": 0.4
}
] |
10-Q
|
0000897101-18-000476
|
2018-05-10T16:12:15+00:00
|
20180331
|
INDUSTRIAL SERVICES OF AMERICA INC
|
On March 28, 2018, the Company awarded options to purchase 31.0 thousand shares of the Company's common stock to its Chief Executive Officer. These options are scheduled to vest over a three year period, with 1/3 vesting on the first anniversary of the grant date and 1/3 every twelve months thereafter until the three year anniversary of the grant date. The exercise price per share of the options is $2.46, the fair value of the underlying common stock as of the grant date. The options expire March 28, 2023.
|
[
{
"Currency / Unit": "shares",
"End character": 63,
"End date for period": "2018-03-28",
"Label": "us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross",
"Start character": 59,
"Start date for period": "2018-03-28",
"Value": 31000
}
] |
10-Q
|
0000897101-18-000476
|
2018-05-10T16:12:15+00:00
|
20180331
|
INDUSTRIAL SERVICES OF AMERICA INC
|
On June 15, 2016, at the Company's annual meeting, the Company's shareholders approved a one-time stock option exchange for the CFO as an alternative to a direct repricing of options previously granted to the CFO. The stock option exchange allowed the Company to cancel 170.0 thousand stock options, including 20.0 thousand granted in January 2015, previously granted to the CFO in exchange for the grant of 90.0 thousand RSUs to the CFO.
|
[
{
"Currency / Unit": "shares",
"End character": 275,
"End date for period": "2016-06-15",
"Label": "us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod",
"Start character": 270,
"Start date for period": "2016-06-14",
"Value": 170000
},
{
"Currency / Unit": "shares",
"End character": 314,
"End date for period": "2015-01-31",
"Label": "us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod",
"Start character": 310,
"Start date for period": "2015-01-01",
"Value": 20000
},
{
"Currency / Unit": "shares",
"End character": 412,
"End date for period": "2015-01-31",
"Label": "us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod",
"Start character": 408,
"Start date for period": "2015-01-01",
"Value": 90000
}
] |
10-Q
|
0000897101-18-000476
|
2018-05-10T16:12:15+00:00
|
20180331
|
INDUSTRIAL SERVICES OF AMERICA INC
|
170.0 thousand stock options, including 20.0 thousand granted in January 2015, previously granted to the CFO in exchange for the grant of
|
[
{
"Currency / Unit": "shares",
"End character": 5,
"End date for period": "2016-06-15",
"Label": "us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod",
"Start character": 0,
"Start date for period": "2016-06-14",
"Value": 170000
},
{
"Currency / Unit": "shares",
"End character": 44,
"End date for period": "2015-01-31",
"Label": "us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod",
"Start character": 40,
"Start date for period": "2015-01-01",
"Value": 20000
}
] |
10-Q
|
0000897101-18-000476
|
2018-05-10T16:12:15+00:00
|
20180331
|
INDUSTRIAL SERVICES OF AMERICA INC
|
The RSUs vest as follows if and to the extent that the CFO remains employed by the Company through each of the following dates: (i) on July 1, 2016, 50.00% (45,000) of the RSUs vest and become nonforfeitable; (ii) on December 31, 2016, 12.50% (11,250) of the RSUs vest and become nonforfeitable; (iii) on June 30, 2017, 12.50% (11,250) of the RSUs vest and become nonforfeitable; (iv) on December 31, 2017, 12.50% (11,250) of the RSUs vest and become nonforfeitable; and (v) on June 15, 2018, 12.50% (11,250) of the RSUs vest and become nonforfeitable. Each RSU represents the right to receive one share of the Company's common stock upon the vesting of the RSU, subject to the terms and conditions set forth in the RSU Agreement and the Plan. The CFO has continued his employment with the Company through March 31, 2018 and the related 67,500 RSUs vested and became nonforfeitable.
|
[
{
"Currency / Unit": "pure",
"End character": 154,
"End date for period": "2018-03-31",
"Label": "us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardAwardVestingRightsPercentage",
"Start character": 149,
"Start date for period": "2018-01-01",
"Value": 0.5
},
{
"Currency / Unit": "pure",
"End character": 241,
"End date for period": "2018-03-31",
"Label": "us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardAwardVestingRightsPercentage",
"Start character": 236,
"Start date for period": "2018-01-01",
"Value": 0.125
},
{
"Currency / Unit": "pure",
"End character": 325,
"End date for period": "2018-03-31",
"Label": "us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardAwardVestingRightsPercentage",
"Start character": 320,
"Start date for period": "2018-01-01",
"Value": 0.125
},
{
"Currency / Unit": "pure",
"End character": 412,
"End date for period": "2018-03-31",
"Label": "us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardAwardVestingRightsPercentage",
"Start character": 407,
"Start date for period": "2018-01-01",
"Value": 0.125
},
{
"Currency / Unit": "pure",
"End character": 498,
"End date for period": "2018-03-31",
"Label": "us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardAwardVestingRightsPercentage",
"Start character": 493,
"Start date for period": "2018-01-01",
"Value": 0.125
}
] |
10-Q
|
0000897101-18-000476
|
2018-05-10T16:12:15+00:00
|
20180331
|
INDUSTRIAL SERVICES OF AMERICA INC
|
On March 28, 2018, the Company granted an aggregate of 18.0 thousand RSUs to six employees under the LTIP pursuant to RSU agreements. The grant date fair value is based on the Company's closing common stock price on the date of grant. The grant date fair value was $44.3 thousand and will be recognized as expensed beginning in the second quarter of 2018. Each RSU vests on March 28, 2021 and represents the right to receive one share of the Company's common stock upon the vesting of the RSU, subject to the terms and conditions set forth in the RSU agreements and the LTIP.
|
[
{
"Currency / Unit": "shares",
"End character": 59,
"End date for period": "2018-03-28",
"Label": "us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod",
"Start character": 55,
"Start date for period": "2018-03-28",
"Value": 18000
},
{
"Currency / Unit": "USD",
"End character": 271,
"End date for period": "2018-03-28",
"Label": "idsa:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantDateFairValue",
"Start character": 267,
"Start date for period": "2018-03-28",
"Value": 44300
}
] |
10-Q
|
0000897101-18-000476
|
2018-05-10T16:12:15+00:00
|
20180331
|
INDUSTRIAL SERVICES OF AMERICA INC
|
On March 28, 2018, the Company granted 40.6 thousand RSUs to the CEO under the LTIP pursuant to an RSU agreement. The grant date fair value is based on the Company's closing common stock price on the date of grant. The grant date fair value was $100.0 thousand and will be recognized as expensed beginning in the second quarter of 2018. Each RSU vests on March 28, 2021 and represents the right to receive one share of the Company's common stock upon the vesting of the RSU, subject to the terms and conditions set forth in the RSU agreement and the LTIP.
|
[
{
"Currency / Unit": "shares",
"End character": 43,
"End date for period": "2018-03-28",
"Label": "us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod",
"Start character": 39,
"Start date for period": "2018-03-28",
"Value": 40600
},
{
"Currency / Unit": "USD",
"End character": 252,
"End date for period": "2018-03-28",
"Label": "idsa:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantDateFairValue",
"Start character": 247,
"Start date for period": "2018-03-28",
"Value": 100000
}
] |
10-Q
|
0000897101-18-000476
|
2018-05-10T16:12:15+00:00
|
20180331
|
INDUSTRIAL SERVICES OF AMERICA INC
|
Under a retention agreement with the Company's CFO dated March 25, 2016, the Company will pay the CFO bonuses of $100.0 thousand and $125.0 thousand on each of December 31, 2016 and December 31, 2017, respectively, as long as he remains employed with the Company on those dates. The December 31, 2016 bonus of $100.0 thousand was paid during the three month period ended March 31, 2017. The December 31, 2017 bonus of $125.0 thousand was paid during the three month period ended March 31, 2018.
|
[
{
"Currency / Unit": "USD",
"End character": 119,
"End date for period": "2016-12-31",
"Label": "us-gaap:AccruedBonusesCurrentAndNoncurrent",
"Start character": 114,
"Start date for period": "2016-12-31",
"Value": 100000
},
{
"Currency / Unit": "USD",
"End character": 139,
"End date for period": "2017-12-31",
"Label": "us-gaap:AccruedBonusesCurrentAndNoncurrent",
"Start character": 134,
"Start date for period": "2017-12-31",
"Value": 125000
},
{
"Currency / Unit": "USD",
"End character": 317,
"End date for period": "2016-12-31",
"Label": "us-gaap:AccruedBonusesCurrentAndNoncurrent",
"Start character": 312,
"Start date for period": "2016-12-31",
"Value": 100000
},
{
"Currency / Unit": "USD",
"End character": 425,
"End date for period": "2017-12-31",
"Label": "us-gaap:AccruedBonusesCurrentAndNoncurrent",
"Start character": 420,
"Start date for period": "2017-12-31",
"Value": 125000
}
] |
10-Q
|
0000897101-18-000476
|
2018-05-10T16:12:15+00:00
|
20180331
|
INDUSTRIAL SERVICES OF AMERICA INC
|
On September 30, 2016, the Company entered into retention agreements ("Retention Agreements") with certain management employees (individually "Staff Member"). Under the Retention Agreements, if the Staff Member remains continuously employed by the Company through and including the date which is the first to occur of: (a) the date of a change in control of the Company; (b) the date the Staff Member is terminated without cause; and (c) December 31, 2017, the Company will pay the Staff Member a bonus in an amount equal to 25% of the Staff Member's then-current annual base salary. The Company paid the retention amounts of $135.9 thousand during the three month period ended March 31, 2018.
|
[
{
"Currency / Unit": "pure",
"End character": 527,
"End date for period": "2017-12-31",
"Label": "idsa:PercentageOfBonusToBePaidOnAnnualBaseSalary",
"Start character": 525,
"Start date for period": "2017-12-31",
"Value": 0.25
},
{
"Currency / Unit": "USD",
"End character": 633,
"End date for period": "2018-03-31",
"Label": "idsa:PaymentOfRetentionAmounts",
"Start character": 628,
"Start date for period": "2018-01-01",
"Value": 135900
}
] |
10-Q
|
0000897101-18-000476
|
2018-05-10T16:12:15+00:00
|
20180331
|
INDUSTRIAL SERVICES OF AMERICA INC
|
On September 30, 2016, the Company entered into retention agreements ("Retention Agreements") with certain management employees (individually "Staff Member"). Under the Retention Agreements, if the Staff Member remains continuously employed by the Company through and including the date which is the first to occur of: (a) the date of a change in control of the Company; (b) the date the Staff Member is terminated without cause; and (c) December 31, 2017, the Company will pay the Staff Member a bonus in an amount equal to 25% of the Staff Member's then-current annual base salary.
|
[
{
"Currency / Unit": "pure",
"End character": 527,
"End date for period": "2017-12-31",
"Label": "idsa:PercentageOfBonusToBePaidOnAnnualBaseSalary",
"Start character": 525,
"Start date for period": "2017-12-31",
"Value": 0.25
}
] |
10-Q
|
0000897101-18-000476
|
2018-05-10T16:12:15+00:00
|
20180331
|
INDUSTRIAL SERVICES OF AMERICA INC
|
Pursuant to the Employment Agreement, Mr. Phillips is also entitled to receive annual equity compensation awards, consisting of RSUs and Options. Each award will consist of (A) that number of RSUs equal in Value (as defined in the Employment Agreement) on the date of the grant to 33.33% of Mr. Phillips’ base salary, and (B) that number of Options equal in Value (as defined in the Employment Agreement) on the date of the grant to 16.67% of Mr. Phillips’ base salary. The RSUs will be subject to three year cliff vesting, with the entire award vesting 36 months from the grant date. The Options will vest over a three year period, with 1/3 vesting on each annual anniversary of the grant date. The exercise price per share of the Options will be equal to the fair market value of the Company’s common stock on the grant date.
|
[
{
"Currency / Unit": "pure",
"End character": 286,
"End date for period": "2018-03-26",
"Label": "idsa:PercentageOfAnnualEquityCompensationAwardsToBePaidOnAnnualBaseSalary",
"Start character": 281,
"Start date for period": "2018-03-26",
"Value": 0.33330000000000004
},
{
"Currency / Unit": "pure",
"End character": 438,
"End date for period": "2018-03-26",
"Label": "idsa:PercentageOfAnnualEquityCompensationAwardsToBePaidOnAnnualBaseSalary",
"Start character": 433,
"Start date for period": "2018-03-26",
"Value": 0.16670000000000001
}
] |
10-Q
|
0000897101-18-000476
|
2018-05-10T16:12:15+00:00
|
20180331
|
INDUSTRIAL SERVICES OF AMERICA INC
|
5% of the Company's outstanding common stock. Pursuant to the Director Designation Agreement, the Company and RCP agreed that the designation and appointment of the Designated Director nominees will not violate applicable law and will not cause the Company to become delisted from any securities exchange or other trading market.
|
[
{
"Currency / Unit": "pure",
"End character": 1,
"End date for period": "2014-06-13",
"Label": "idsa:PercentageOfStockOwnedByInvestor",
"Start character": 0,
"Start date for period": "2014-06-13",
"Value": 0.05
}
] |
10-Q
|
0001213900-18-005870
|
2018-05-10T17:30:21+00:00
|
20180331
|
Rasna Therapeutics Inc.
|
On December 22, 2017, The Tax Cuts and Jobs Act was signed into law and has resulted in significant change to the U.S corporate income tax system. These changes include a federal statutory rate reduction from 35% to 21%, a transition tax which applies to the repatriate of foreign earnings and profits, the elimination or reduction of certain domestic deductions and credits and limitations on the deductibility of interest expense and executive compensation.
|
[
{
"Currency / Unit": "pure",
"End character": 212,
"End date for period": "2017-12-22",
"Label": "us-gaap:EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate",
"Start character": 210,
"Start date for period": "2017-12-21",
"Value": 0.35000000000000003
},
{
"Currency / Unit": "pure",
"End character": 219,
"End date for period": "2018-03-31",
"Label": "us-gaap:EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate",
"Start character": 217,
"Start date for period": "2017-10-01",
"Value": 0.21
}
] |
10-Q
|
0001213900-18-005870
|
2018-05-10T17:30:21+00:00
|
20180331
|
Rasna Therapeutics Inc.
|
These changes include a federal statutory rate reduction from 35% to 21%, a transition tax which applies to the repatriate of foreign earnings and profits, the elimination or reduction of certain domestic deductions and credits and limitations on the deductibility of interest expense and executive compensation.
|
[
{
"Currency / Unit": "pure",
"End character": 64,
"End date for period": "2017-12-22",
"Label": "us-gaap:EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate",
"Start character": 62,
"Start date for period": "2017-12-21",
"Value": 0.35000000000000003
},
{
"Currency / Unit": "pure",
"End character": 71,
"End date for period": "2018-03-31",
"Label": "us-gaap:EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate",
"Start character": 69,
"Start date for period": "2017-10-01",
"Value": 0.21
}
] |
10-Q
|
0001213900-18-005870
|
2018-05-10T17:30:21+00:00
|
20180331
|
Rasna Therapeutics Inc.
|
On May 17, 2016, Rasna and its subsidiary Falconridge entered into an Agreement of Merger and Plan of Reorganization with Arna. Pursuant to the agreement, Arna was merged into Falconridge and the shareholders of Arna were issued shares of Rasna in exchange for shares of Arna. Arna was deemed to be the accounting acquirer because Rasna and Falconridge Holdings Limited were non-trading holding companies and Arna’s operations will comprise the ongoing operations of the combined entity and its senior management will serve as the senior management of the combined entity. Further, 65% of the voting interest in Rasna was acquired by Arna shareholders in connection with the transaction. Therefore, the assets and liabilities of the acquired entity, Rasna, were written to fair value in accordance with the Acquisition Method prescribed in ASC 805, Business Combinations.
|
[
{
"Currency / Unit": "pure",
"End character": 584,
"End date for period": "2016-05-17",
"Label": "us-gaap:BusinessAcquisitionPercentageOfVotingInterestsAcquired",
"Start character": 582,
"Start date for period": "2016-05-17",
"Value": 0.65
}
] |
10-Q
|
0001213900-18-005870
|
2018-05-10T17:30:21+00:00
|
20180331
|
Rasna Therapeutics Inc.
|
On December 17, 2013 the Company’s shareholder, Panetta Partners Limited, transferred 5,000,000 of its shares in Arna Therapeutics Limited to Eurema Consulting S.r.l. and 5,000,000 shares in Arna Therapeutics Limited to TES Pharma S.r.l. In exchange for the shares, Panetta Partners Limited obtained intellectual property ("Platform Technology") from TES Pharma S.r.l and Eurema Consulting S.r.l. Panetta Partners Limited then assigned the Platform Technology to Arna Therapeutics Limited, which was accounted for as a capital contribution. The fair value of the shares exchanged for the IPR&D was $0.13 per share; in addition the issue price for shares in October 2013 was $0.13 per share (shares issued post acquisition of the IPR&D were issued at $0.28) and accordingly the Company valued the Platform Technology at $1.3 million.
|
[
{
"Currency / Unit": "USD",
"End character": 823,
"End date for period": "2013-12-17",
"Label": "us-gaap:IndefinitelivedIntangibleAssetsAcquired",
"Start character": 820,
"Start date for period": "2013-12-17",
"Value": 1300000
}
] |
10-Q
|
0001213900-18-005870
|
2018-05-10T17:30:21+00:00
|
20180331
|
Rasna Therapeutics Inc.
|
On May 24, 2017, the Company entered into an executive employment agreement with Kunwar Shailubhai to serve as Chief Executive Officer and Chief Scientific Officer for a renumeration of $300,000 per annum. Also included within the agreement is a performance related bonus of 35% of base salary. Based on Board discretion, it is not probable that this bonus will be paid out for the period October 1, 2017 to March 31, 2018, therefore no bonus has been accrued as at March 31, 2018. The Company has decided not to issue a bonus for the period prior to October 1, 2017 so the previously accrued bonus of $43,750 has been reversed.
|
[
{
"Currency / Unit": "pure",
"End character": 280,
"End date for period": "2017-05-24",
"Label": "rasp:OfficerCompensationPerformanceBonusPercentage",
"Start character": 278,
"Start date for period": "2017-05-24",
"Value": 0.35000000000000003
}
] |
10-Q
|
0000897101-18-000457
|
2018-05-08T11:59:58+00:00
|
20180331
|
CYBEROPTICS CORP
|
Our performance obligations are satisfied at a point in time or over time as work progresses. Revenue from goods and services transferred to customers at a point in time accounted for $13.2 million or 94% of our revenue in the three months ended March 31, 2018. Revenue on these contracts is recognized when obligations under the terms of the contract with our customer are satisfied; generally with the transfer of control upon shipment. Sales of some products may require customer acceptance due to performance or other acceptance criteria that is considered more than a formality. For these product sales, revenue is recognized upon notification of customer acceptance.
|
[
{
"Currency / Unit": "USD",
"End character": 189,
"End date for period": "2018-03-31",
"Label": "cybe:RevenueFromGoodsAndServicesTransferredToCustomersAtPointInTime",
"Start character": 185,
"Start date for period": "2018-01-01",
"Value": 13200000
},
{
"Currency / Unit": "pure",
"End character": 203,
"End date for period": "2018-03-31",
"Label": "cybe:RevenueFromGoodsAndServicesTransferredToCustomersAtPointInTimeAsPercentageOfEntityRevenue",
"Start character": 201,
"Start date for period": "2018-01-01",
"Value": 0.9400000000000001
}
] |
10-Q
|
0000897101-18-000457
|
2018-05-08T11:59:58+00:00
|
20180331
|
CYBEROPTICS CORP
|
Revenue from products and services transferred to customers over time accounted for $900,000 or 6% of our revenue in the three months ended March 31, 2018. Periodically OEM sensor product arrangements will create an asset with no alternative use and include an enforceable right to payment for cost plus margin. For these arrangements control is transferred over the manufacturing process; therefore, revenue is recognized over time utilizing an input method based on actual costs incurred in the manufacturing process to date relative to total expected production costs. For certain longer duration 3D scanning service projects, we progress bill as the services are performed. These arrangements will create an asset with no alternative use and include an enforceable right to payment. For these arrangements, control is transferred over the hours incurred to complete the scanning project; therefore, revenue is recognized over time utilizing an input method based on actual hours incurred relative to total projected project hours. For maintenance and extended warranty contracts, revenue is recognized over time on a straight-line basis over the term of the contract as the customer simultaneously receives and consumes the benefits of the coverage.
|
[
{
"Currency / Unit": "pure",
"End character": 97,
"End date for period": "2018-03-31",
"Label": "cybe:RevenueFromGoodsAndServicesTransferredToCustomersOverTimeAsPercentageOfEntityRevenue",
"Start character": 96,
"Start date for period": "2018-03-31",
"Value": 0.06
}
] |
10-Q
|
0000897101-18-000457
|
2018-05-08T11:59:58+00:00
|
20180331
|
CYBEROPTICS CORP
|
Effective January1, 2018, we adopted ASU No. 2016-01, Recognition and Measurement of Financial Assets and Liabilities, which impacted the accounting for our marketable equity security (see Note 15). Our investments in marketable debt securities all have maturities of less than five years. Net pre-tax unrealized losses for marketable securities of $117,000 at March 31, 2018 and $22,000 at December 31, 2017 have been recorded as a component of accumulated other comprehensive loss in stockholders’ equity. We have determined that the net pre-tax unrealized losses for marketable debt securities at March 31, 2018 and December 31, 2017 were caused by fluctuations in interest rates and are temporary in nature. We review our marketable securities to identify and evaluate investments that have indications of possible impairment. Factors considered in determining whether a loss is other-than-temporary include the length of time and extent to which fair value has been less than the cost basis, credit quality and our ability and intent to hold the investment for a period of time sufficient to allow for any anticipated recovery in market value. We received proceeds from the sale of marketable securities of $70,000 in the three months ended March 31, 2018, and no gains or losses were recognized on the sale. No marketable securities were sold in the three months ended March 31, 2017.
|
[
{
"Currency / Unit": "USD",
"End character": 1268,
"End date for period": "2018-03-31",
"Label": "us-gaap:AvailableForSaleSecuritiesGrossRealizedGainLossNet",
"Start character": 1266,
"Start date for period": "2018-01-01",
"Value": 0
}
] |
10-Q
|
0000897101-18-000457
|
2018-05-08T11:59:58+00:00
|
20180331
|
CYBEROPTICS CORP
|
We have determined that the net pre-tax unrealized losses for marketable debt securities at March 31, 2018 and December 31, 2017 were caused by fluctuations in interest rates and are temporary in nature. We review our marketable securities to identify and evaluate investments that have indications of possible impairment. Factors considered in determining whether a loss is other-than-temporary include the length of time and extent to which fair value has been less than the cost basis, credit quality and our ability and intent to hold the investment for a period of time sufficient to allow for any anticipated recovery in market value. We received proceeds from the sale of marketable securities of $70,000 in the three months ended March 31, 2018, and no gains or losses were recognized on the sale. No marketable securities
|
[
{
"Currency / Unit": "USD",
"End character": 760,
"End date for period": "2018-03-31",
"Label": "us-gaap:AvailableForSaleSecuritiesGrossRealizedGainLossNet",
"Start character": 758,
"Start date for period": "2018-01-01",
"Value": 0
}
] |
10-Q
|
0000897101-18-000457
|
2018-05-08T11:59:58+00:00
|
20180331
|
CYBEROPTICS CORP
|
Investments in marketable securities classified as cash equivalents of $1.2 million at March 31, 2018 and $1.6 million at December 31, 2017 consist of corporate debt securities and certificates of deposit. There were no unrealized gains or losses associated with any of these securities at March 31, 2018 or December 31, 2017.
|
[
{
"Currency / Unit": "USD",
"End character": 75,
"End date for period": "2018-03-31",
"Label": "cybe:MarketableSecuritiesClassifiedAsCashEquivalentsCost",
"Start character": 72,
"Start date for period": "2018-03-31",
"Value": 1200000
},
{
"Currency / Unit": "USD",
"End character": 110,
"End date for period": "2017-12-31",
"Label": "cybe:MarketableSecuritiesClassifiedAsCashEquivalentsCost",
"Start character": 107,
"Start date for period": "2017-12-31",
"Value": 1600000
}
] |
10-Q
|
0000897101-18-000457
|
2018-05-08T11:59:58+00:00
|
20180331
|
CYBEROPTICS CORP
|
The intrinsic value of an option is the amount by which the market price of the underlying stock exceeds the option's exercise price. For options outstanding at March 31, 2018, the weighted average remaining contractual term of all outstanding options was 4.2 years and their aggregate intrinsic value was $4.5 million. At March 31, 2018, the weighted average remaining contractual term of options that were exercisable was 3.4 years and their aggregate intrinsic value was $3.3 million. The aggregate intrinsic value of stock options exercised in the three months ended March 31, 2018 was $215,000. We received proceeds from stock option exercises of $182,000 in the three months ended March 31, 2018 and $321,000 in the three months ended March 31, 2017. The aggregate fair value of options that vested in the three months ended March 31, 2018 was $204,000.
|
[
{
"Currency / Unit": "USD",
"End character": 310,
"End date for period": "2018-03-31",
"Label": "us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue",
"Start character": 307,
"Start date for period": "2018-03-31",
"Value": 4500000
},
{
"Currency / Unit": "USD",
"End character": 478,
"End date for period": "2018-03-31",
"Label": "us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1",
"Start character": 475,
"Start date for period": "2018-03-31",
"Value": 3300000
}
] |
10-Q
|
0000897101-18-000457
|
2018-05-08T11:59:58+00:00
|
20180331
|
CYBEROPTICS CORP
|
We have an Employee Stock Purchase Plan available to eligible U.S. employees. Under terms of the plan, eligible employees may designate from 1% to 10% of their compensation to be withheld through payroll deductions, up to a maximum of $6,500 in each plan year, for the purchase of common stock at 85% of the lower of the market price on the first or last day of the offering period. There were no shares issued under this plan in the three months ended March 31, 2018 or the three months ended March 31, 2017. As of March 31, 2018, 40,872 shares remain available for future issuance under the Employee Stock Purchase Plan. At our 2018 annual meeting, our shareholders will be asked to adopt an amendment to the plan increasing the number of shares authorized for issuance there-under by 150,000.
|
[
{
"Currency / Unit": "pure",
"End character": 142,
"End date for period": "2018-03-31",
"Label": "cybe:PayrollDeductionForEmployeeStockPurchasePlanPercentage",
"Start character": 141,
"Start date for period": "2018-01-01",
"Value": 0.01
},
{
"Currency / Unit": "pure",
"End character": 149,
"End date for period": "2018-03-31",
"Label": "cybe:PayrollDeductionForEmployeeStockPurchasePlanPercentage",
"Start character": 147,
"Start date for period": "2018-01-01",
"Value": 0.1
},
{
"Currency / Unit": "pure",
"End character": 299,
"End date for period": "2018-03-31",
"Label": "cybe:LowerOfMarketPriceFirstOrLastDayOfOfferingPercentage",
"Start character": 297,
"Start date for period": "2018-01-01",
"Value": 0.85
}
] |
Subsets and Splits
Transform Dates and Entities
Transforms and standardizes the filing and quarter dates, and the dates within entities, making the data more uniform and easier to analyze for temporal patterns and trends.
Top Entities by Count
Discovers the most frequently occurring entities and their associated currency units, providing insights into prominent mentions and economic contexts.
Stock Repurchase Program Data
Extracts key details about stock repurchase program authorizations, grouped by date, CIK, and filing timestamp, providing a structured look at these financial events.
Top Entity Labels Count
Counts the occurrences of each entity label in the dataset, providing insight into the distribution of labeled entities.
Formatted Financial Data Extract
The query performs some basic data cleaning and transformation, specifically converting date formats, but the results are limited and do not provide deep analytical insights or reveal meaningful patterns.