Ideal Power Inc
For the period ended Feb 27, 2025. Filed Feb 27, 2025.
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Feb 27, 2025 · Filed Feb 27, 2025
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IPWR$2.06-1.9%Stored close · as of Nov 6, 2026
Contents
EX-99.1 · Statements of Operations
Statements of Operations
| Quarter Ended December 31, | Year Ended December 31, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Commercial revenue | $5,408 | $61,483 | $86,032 | $161,483 |
| Grant revenue | - | - | - | 37,388 |
| Total revenue | 5,408 | 61,483 | 86,032 | 198,871 |
| Cost of commercial revenue | 5,926 | 46,425 | 93,409 | 123,225 |
| Cost of grant revenue | - | - | - | 37,388 |
| Total cost of revenue | 5,926 | 46,425 | 93,409 | 160,613 |
| Gross profit | (518) | 15,058 | (7,377) | 38,258 |
| Operating expenses: | ||||
| Research and development | 1,593,515 | 1,405,957 | 6,207,218 | 5,743,211 |
| General and administrative | 913,495 | 850,432 | 3,608,536 | 3,533,383 |
| Sales and marketing | 251,052 | 243,563 | 1,248,044 | 1,113,752 |
| Total operating expenses | 2,758,062 | 2,499,952 | 11,063,798 | 10,390,346 |
| Loss from operations | (2,758,580) | (2,484,894) | (11,071,175) | (10,352,088) |
| Interest income, net | 162,806 | 79,146 | 653,362 | 398,068 |
| Net loss | $(2,595,774) | $(2,405,748) | $(10,417,813) | $(9,954,020) |
| Net loss per share – basic and fully diluted | $(0.29) | $(0.39) | $(1.28) | $(1.61) |
| Weighted average number of shares outstanding – basic and fully diluted | 9,043,901 | 6,206,469 | 8,165,485 | 6,190,746 |
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