| ITEM 15: | EXHIBITS, FINANCIAL STATEMENT SCHEDULES |
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(a) Documents Filed with Report
(1)Financial Statements.
| Report of Independent Registered Accounting Firm (PCAOB ID: 207) | 24 |
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| Balance Sheets as of December 31, 2023 and 2022 | 25 |
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| Statements of Operations for the years ended December 31, 2023 and 2022 | 26 |
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| Statement of Stockholders’ Equity for the years ended December 31, 2023 and 2022 | 27 |
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| Statements of Cash Flows for the years ended December 31, 2023 and 2022 | 28 |
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(2)Schedules.
All financial statement schedules have been omitted because they are not required, are not applicable or the information is included in the consolidated financial statements or related notes thereto.
(3)Exhibits.
The following exhibits are filed as part of this Annual Report on Form 10-K or incorporated by reference, as indicated:
EXHIBIT INDEX
| Exhibit No. | Description of Document |
| 3.1 | Delaware Certificate of Conversion including Certificate of Incorporation of Ideal Power Inc. (1) |
| 3.2 | Certificate of Amendment of the Certificate of Incorporation of Ideal Power Inc. (2) |
| 3.3 | Certificate of Designation of Preferences, Rights and Limitations of Series A Convertible Preferred Stock (3) |
| 3.4 | Second Amended and Restated Bylaws of Ideal Power Inc. (4) |
| 4.1 | Specimen Common Stock Certificate (5) |
| 4.2 | Form of Series A Common Stock Purchase Warrant (6) |
| 4.3 | Form of Series B Pre-Funded Common Stock Warrant (7) |
| 4.4 | Form of Series C Common Stock Purchase Warrant (8) |
| 4.5 | Description of Registrant’s Securities (9) |
| 10.1 | Ideal Power Inc. Amended and Restated 2013 Equity Incentive Plan (10) + |
| 10.2 | Second Revised and Restated Employment Agreement between the Company and R. Daniel Brdar dated April 8, 2020 (11) + |
| 10.3 | Employment Agreement between the registrant and Timothy W. Burns dated September 16, 2014 (12) + |
| 10.4 | Registration Rights Agreement, dated November 13, 2019, by and between Ideal Power Inc. and each purchaser identified on the signature pages thereto (13) |
| 23.1 | Consent of BPM LLP, Independent Registered Public Accounting Firm* |
| 31.1 | Certification of Principal Executive Officer, pursuant to Rule 13a-14(a) or 15d-14(a) of the Securities and Exchange Act of 1934, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002* |
| 31.2 | Certification of Principal Financial and Accounting Officer pursuant to Rule 13a-14(a) or 15d-14(a) of the Securities and Exchange Act of 1934, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002* |
| 32.1 | Certification of Principal Executive Officer and Principal Financial and Accounting Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002** |
| 97 | Incentive Compensation Recovery Policy* |
| 101.INS | Inline XBRL Instance Document - the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document* |
| 101.SCH | Inline XBRL Taxonomy Extension Schema* |
| 101.CAL | Inline XBRL Taxonomy Extension Calculation Linkbase* |
| 101.DEF | Inline XBRL Taxonomy Extension Definition Linkbase* |
| 101.LAB | Inline XBRL Taxonomy Extension Label Linkbase* |
| 101.PRE | Inline XBRL Taxonomy Extension Presentation Linkbase* |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document and contained in Exhibit 101). |
| + | Indicates a management contract or compensatory agreement |
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| (1) | Incorporated by reference to Exhibit 3.1 to the registrant’s registration statement on Form S-1, file no. 333-190414, originally filed with the Securities and Exchange Commission on August 6, 2013, as amended. |
| (2) | Incorporated by reference to Exhibit 3.1 to the registrant’s Current Report on Form 8-K filed with the Securities and Exchange Commission on August 20, 2019. |
| (3) | Incorporated by reference to Exhibit 3.1 to the registrant’s Current Report on Form 8-K filed with the Securities and Exchange Commission on February 27, 2017. |
| (4) | Incorporated by reference to Exhibit 3.1 to the registrant’s Current Report on Form 8-K filed with the Securities and Exchange Commission on June 17, 2022. |
| (5) | Incorporated by reference to Exhibit 4.1 to the registrant’s Quarterly Report on Form 10-Q, filed with the Securities and Exchange Commission on May 14, 2021. |
| (6) | Incorporated by reference to Exhibit 4.1 to the registrant’s Current Report on Form 8-K filed with the Securities and Exchange Commission on November 13, 2019. |
| (7) | Incorporated by reference to Exhibit 4.2 to the registrant’s Current Report on Form 8-K filed with the Securities and Exchange Commission on November 13, 2019. |
| (8) | Incorporated by reference to Exhibit 4.1 to the registrant’s Current Report on Form 8-K filed with the Securities and Exchange Commission on August 3, 2020. |
| (9) | Incorporated by reference to Exhibit 4.5 to the registrant’s Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 30, 2020. |
| (10) | Incorporated by reference to Exhibit 10.1 the registrant’s Current Report on Form 8-K filed with the Securities and Exchange Commission on June 16, 2023. |
| (11) | Incorporated by reference to Exhibit 10.1 to the registrant’s Current Report on Form 8-K filed with the Securities and Exchange Commission on April 14, 2020. |
| (12) | Incorporated by reference to Exhibit 10.2 to the registrant’s Current Report on Form 8-K filed with the Securities and Exchange Commission on September 19, 2014. |
| (13) | Incorporated by reference to Exhibit 10.2 to the registrant’s Current Report on Form 8-K filed with the Securities and Exchange Commission on November 13, 2019. |
