Employee and Director Plans
Plan Name [Axis]
Weighted Average Excercise Price
Open Option Contracts Written Type [Axis]
Unvested Employee Stock Options
Number of Options
Number of Restricted Stock Units
Class of Warrant or Right [Axis]
Weighted Average Valuation Price Per Unit
StatementClassOfStock [Axis]
WarrantMember
Warrants Weighted Average Excercise Price Member
Preferred Stock
Equity Components [Axis]
Common Stock
Additional Paid-In Capital
Notes Receivable - CommonStock
Treasury Stock
Accumulated Deficit
Accumulated Other Comprehensive Income (Loss)
Noncontrolling Interest
Wisconsin [Member]
IncomeTaxAuthority [Axis]
Australia [Member]
MDB Capital Group, LLC [Member]
Zero Coupon Convertible Subordinated [Member]
Exercisable [Member]
Equipment Supplier [Member]
Certain Purchasers of Company [Member]
$1.70 to $2.50
Exercise Price Range [Axis]
$2.51 to $5.00
$5.01 to $7.50
$7.51 to $17.95
Tranche 1
Tranche 2
Tranche 3
Tranche 4
Tranche 5 & 6
Tranche 7
Minimum [Member]
Range [Axis]
ManufacturingEquipment [Member]
PropertyPlantAndEquipmentByType [Axis]
Maximum [Member]
OfficeEquipment [Member]
BuildingAndImprovementsMember
BuildingAndImprovements [Member]
Agreement [Member]
LegalEntity [Axis]
Tier Electronics LLC [Member]
Assets held for lease
Cutomer 1
Cutomer 2
Cutomer 3
Cutomer 4
Series B Preferred Stock
Lotte agreements [Member]
Related Party [Axis]
Omnibus Plan [Member]
2012 Director Equity Plan [Member]
Covertible Preferred Stock [Member]
Stock Conversion Description [Axis]
Range 0.48 to 1.00
Range 2.51 to 5.00
Range 5.01 to 7.50
Range 7.51 to 17.95
1.01 to 2.50
Document And Entity Information
Entity Registrant Name
Entity Central Index Key
Document Type
Document Period End Date
Amendment Flag
Current Fiscal Year End Date
Is Entity a Well-known Seasoned Issuer
Is Entity a Voluntary Filer
Is Entity's Reporting Status Current
Entity Filer Category
Entity Common Stock, Shares Outstanding
Document Fiscal Period Focus
Document Fiscal Year Focus
Statement of Financial Position [Abstract]
Assets
Current assets:
Cash and cash equivalents
Restricted cash on deposit
Accounts receivable, net
Inventories, net
Prepaid expenses and other current assets
Refundable income tax credit
Note receivable
Total current assets
Long-term assets:
Property, plant and equipment, net
Investment in investee company
Goodwill
Total assets
Liabilities and Equity
Current liabilities:
Current maturities of bank loans and notes payable
Accounts payable
Accrued expenses
Customer deposits
Accrued compensation and benefits
Total current liabilities
Long-term liabilities:
Bank loans and notes payable, net of current maturities
Total liabilities
Commitments and contingencies
Equity
Series B redeemable convertible preferred stock ($0.01 par value, $1,000 face value) 3,000 shares authorized and issued, 2,575 shares outstanding, preference in liquidation of $5,488,375 and $5,347,994 as of December 31, 2014 and June 30, 2014, respectively
Common stock ($0.01 par value); 150,000,000 authorized, 39,073,084 and 25,651,389 shares issued and outstanding as of December 31, 2014 and June 30, 2014, respectively
Additional paid-in capital
Accumulated deficit
Accumulated other comprehensive loss
Total ZBB Energy Corporation Equity
Noncontrolling interest
Total equity
Total liabilities and equity
Preferred stock Series B, par value
Preferred stock Series B, authorized shares
Preferred stock Series B, issued shares
Preferred stock Series B, outstanding shares
Preferred stock Series B, face value
Liquidation
Common stock, par value
Common stock, Authorized
Common stock, Issued
Common stock, outstanding
Income Statement [Abstract]
Revenues
Product sales
Engineering and development
Total Revenues
Costs and Expenses
Cost of product sales
Cost of engineering and development
Advanced engineering and development
Selling, general, and administrative
Depreciation and amortization
Total Costs and Expenses
Loss from Operations
Other Income (Expense)
Equity in loss of investee company
Gain on investment in investee company
Interest income
Interest expense
Other income (expense)
Total Other Income (Expense)
Loss before benefit for Income Taxes
Benefit for Income Taxes
Net Loss
Net loss attributable to noncontrolling interest
Gain attributable to noncontrolling interest
Net Loss Attributable to ZBB Energy Corporation
Preferred Stock Dividend
Net Loss Attributable to Common Shareholders
Net Loss per share - Basic and diluted
Weighted average shares-basic and diluted:
Condensed Consolidated Statements Of Comprehensive Loss
Net loss
Foreign exchange translation adjustments
Comprehensive loss
Net (income) loss attributable to noncontrolling interest
Comprehensive Loss Attributable to ZBB Energy Corporation
Statement [Table]
Statement [Line Items]
Beginning Balance Shares
Beginning Balance Amount
Net income (loss)
Net currency translation adjustment
Issuance of warrants
Issuance of common stock, net of costs and underwriting fees, Shares
Issuance of common stock, net of costs and underwriting fees, Amount
Issuance of preferred stock, net of costs and underwriting fees, Shares
Issuance of preferred stock, net of costs and underwriting fees, Amount
Issuance of warrants to underwriter
Stock-based compensation, Shares
Stock-based compensation, Amount
Issuance of subsidiary shares to noncontrolling interest
Conversion of preferred stock, Shares
Conversion of preferred stock, Amount
Exercise of warrants, Shares
Exercise of warrants, Amount
Contribution of capital from noncontrolling interest
Ending Balance Shares
Ending Balance Amount
Statement of Cash Flows [Abstract]
Cash flows from operating activities
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation of property, plant and equipment
Amortization of intangible assets
Amortization of discounts and debt issuance costs on notes payable
Stock-based compensation, net
Equity in loss of investee company
Gain on investment in investee company
Interest accreted on note receivable
Changes in assets and liabilities
Accounts receivable
Inventories
Prepaids and other current assets
Refundable income taxes
Accounts payable
Accrued expenses
Customer deposits
Accrued compensation and benefits
Net cash used in operating activities
Cash flows from investing activities
Change in restricted cash
Expenditures for property and equipment
Investment in note receivable
Net cash used in investing activities
Cash flows from financing activities
Repayments of bank loans and notes payable
Proceeds from issuance of preferred stock and warrants
Preferred stock issuance costs
Proceeds from issuance of Common Stock
Common stock issuance costs
Proceeds from noncontrolling interest
Net cash provided by financing activities
Effect of exchange rate changes on cash and cash equivalents
Net increase in cash and cash equivalents
Cash and cash equivalents - beginning of period
Cash and cash equivalents - end of period
Supplemental disclosures of cash flow information:
Cash paid for interest
Cash received from foreign income tax credit
Assets held for lease transferred to inventory
Notes to Financial Statements
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
CHINA JOINT VENTURE
Organization, Consolidation and Presentation of Financial Statements [Abstract]
GOING CONCERN
Inventory Disclosure [Abstract]
INVENTORIES
Receivables [Abstract]
NOTE RECEIVABLE
Property, Plant and Equipment [Abstract]
PROPERTY, PLANT & EQUIPMENT
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL
Debt Disclosure [Abstract]
BANK LOANS AND NOTES PAYABLE
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
EMPLOYEE/DIRECTOR EQUITY INCENTIVE PLANS
WARRANTS
Equity [Abstract]
EQUITY
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS
Compensation and Retirement Disclosure [Abstract]
RETIREMENT PLANS
Income Tax Disclosure [Abstract]
INCOME TAXES
Summary Of Significant Accounting Policies Policies
Description of Business
Interim Financial Data
Basis of Presentation
Fair Value of Financial Instruments
Cash and Cash Equivalents
Restricted Cash on Deposit
Accounts Receivable
Inventories
Note Receivable
Property, Plant and Equipment
Impairment of Long-Lived Assets
Investment in Investee Company
Goodwill
Accrued Expenses
Warranty Obligations
Revenue Recognition
Engineering, Development, and License Revenues
Advanced Engineering and Development Expenses
Stock-Based Compensation
Advertising Expense
Income Taxes
Foreign Currency
Loss per Share
Concentrations of Credit Risk
Use of Estimates
Reclassifications
Segment Information
Recent Accounting Pronouncements
Summary Of Significant Accounting Policies Tables
Schedule of Accounts Receivable
Estimated Useful Lives Used For Each Class of Depreciable Assets
Schedule Of Accrued Warranty Liability
China Joint Venture Tables
Operating results for Meineng
Inventories
Property, plant, and equipment
Bank loans and notes payable
Maximum aggregate annual principal payments for fiscal periods
Assumptions were used to estimate the fair value of options
Stock option activity under the employee and director plans
Stock options outstanding
Summary of the status of unvested employee stock options
Status of restricted stock unit balances
Warrants Tables
Warrant balances
Future payments required under the terms of the leases for fiscal periods
Provision (benefit) for income taxes
Effective income tax rate reconciliation
Significant components of the Company's net deferred income tax assets
Reconciliation of the beginning and ending balance of unrecognized income tax benefits
Summary Of Significant Accounting Policies Details
Current
30-60 days
60-90 days
Over 90 days
Total
Property, Plant and Equipment, Type [Axis]
Estimated Useful Lives of Property, Plant and Equipment
Summary Of Significant Accounting Policies Details 2
Beginning balance
Accruals for warranties during the period
Settlements during the perioid
Adjustments relating to preexisting warranties
Ending balance
China Joint Venture Details
Revenues
Gross Profit (loss)
Income (loss) from operations
Net Income (loss)
China Joint Venture Details Narrative
Net loss
Product sales
Inventories Details
Raw materials
Work in progress
Finished goods
Total
Property Plant Equipment Details
Land
Building and improvements
Manufacturing equipment
Office equipment
Construction in process
Total, at cost
Less: accumulated depreciation
Property, plant and equipment, net
Goodwill Details Narrative
Net goodwill amount
Bank Loans And Notes Payable Details
Bank loans and notes payable-current
Bank loans and notes payable-long term
Total
Bank Loans And Notes Payable Details 1
Note payable to Wisconsin Department of Commerce payable in monthly installments of $23,685, including interest at 2%, with the final payment due May 1, 2018; collateralized by equipment purchased with the loan proceeds and substantially all assets of the Company not otherwise collateralized. The Company is required to maintain and increase a specified number of employees, and the interest rate is increased in certain cases for failure to meet this requirement. See note (b) below.
Bank loan payable in fixed monthly payments of $6,800 of principal and interest at a rate of .25% below prime, as defined, subject to a floor of 5% with any principal due at maturity on June 1, 2018; collateralized by the building and land
Note payable in fixed monthly installments of $6,610 of principal and interest at a rate of 5.5% with any principal due at maturity on May 1, 2028; collateralized by the building and land.
Total
Bank Loans And Notes Payable Details 2
2015
2016
2017
2018
2019
2020 and thereafter
Employeedirector Equity Incentive Plans Details
Expected life of option (years)
Risk-free interest rate, minimum
Risk-free interest rate, maximum
Assumed volatility, minimum
Assumed volatility, maximum
Expected dividend rate
Expected forfeiture rate, minimum
Expected forfeiture rate, maximum
Outstanding Number of Options, Beginning balance
Options granted
Options forfeited
Outstanding Number of Options, Ending balance
Outstanding, ending, Weighted-Average Exercise Price
Options granted
Options forfeited
Outstanding, ending, Weighted-Average Exercise Price
Average Remaining Contractual Life of Outstanding Options
Employeedirector Equity Incentive Plans Details 2
Number of Options
Beginning Balance, Number of Options
Granted
Vested
Forfeited
Ending Balance, number of options
Weighted - Average Grant Date Fair Value Per Share
Beginning Balance, grant date fair value
Granted
Vested
Forfeited
Ending Balance, grant date fair value
Average Remaining Contractual Life
Granted
Forfeited
Shares issued
Granted
Forfeited
Shares issued
Outstanding Number of Options
Outstanding Number of Options Average Remaining Contractual Life (in years)
Exercisable Number of Options
Exercisable Average Remaining Contractual Life (in years)
Exercisable Weighted Average Exercise Price
Warrants Details
Beginning Balance
Warrants granted
Warrants expired
Warrants exercised
Ending balance
Warrants outstanding beginning weighted average exercise price
Warrants granted weighted average exercise price
Warrants expired weighted average exercise price
Warrants exercised weighted average exercise price
Warrants outstanding ending weighted average exercise price
Commitments Details
2015
2016
2017
Total
Retirement Plans Details Narrative
Retirement plan expense
Income Taxes Details
Current
Deferred
Provision (benefit) for income taxes
Income Taxes Details 1
Income tax benefit computed at the U.S. federal statutory rate
Foreign tax expense/(benefit)
Change in valuation allowance
Total
Income Taxes Details 2
Federal net operating loss carryforwards
Federal - other
Wisconsin net operating loss carryforwards
Australia net operating loss carryforwards
Deferred income tax asset valuation allowance
Total deferred income tax assets
Income Taxes Details 3
Beginning balance
Effect of foreign currency translation
Ending balance
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Cutomer 1.
Cutomer 2.
Cutomer 3.
Cutomer 4.
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Warrants issued to underwriters
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Shares issued.
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Assets, Current
Assets [Default Label]
Liabilities, Current
Liabilities
Stockholders' Equity Attributable to Parent
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest
Liabilities and Equity [Default Label]
Revenue, Net
Costs and Expenses [Default Label]
Interest Expense
Nonoperating Income (Expense)
Income (Loss) Attributable to Noncontrolling Interest
GainAttributableToNoncontrollingInterest
Income (Loss), Including Portion Attributable to Noncontrolling Interest
Dividends, Preferred Stock
Net Income (Loss) Available to Common Stockholders, Basic
Shares, Outstanding
Interest and Dividend Income, Securities, Operating, Other
Increase (Decrease) in Accounts Payable
Increase (Decrease) in Accrued Liabilities
Increase (Decrease) in Deferred Revenue
Increase (Decrease) in Employee Related Liabilities
Net Cash Provided by (Used in) Operating Activities
Increase (Decrease) in Restricted Cash
Payments to Acquire Property, Plant, and Equipment
Payments to Acquire Investments
Net Cash Provided by (Used in) Investing Activities
Repayments of Notes Payable
PreferredStockIssuanceCosts
Payments of Stock Issuance Costs
Net Cash Provided by (Used in) Financing Activities
Cash and Cash Equivalents, Period Increase (Decrease)
Inventory, Policy [Policy Text Block]
Goodwill and Intangible Assets, Goodwill, Policy [Policy Text Block]
Schedule of Inventory, Current [Table Text Block]
Product Warranty Accrual
AhmnRevenues
ProductSales
Property, Plant and Equipment, Gross
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment
Notes Payable
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price
Share-based Compensation Arrangements by Share-based Payment Award, Options, Forfeitures in Period, Weighted Average Exercise Price
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Weighted Average Grant Date Fair Value
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeitures, Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageSharesIssued
WarrantsOutstandingWeightedAverageExercisePrice
Other Commitment, Due in Next Twelve Months
Other Commitment, Due in Second Year
Other Commitment, Due in Third Year
Operating Leases, Future Minimum Payments Due
Current Income Tax Expense (Benefit)
Effective Income Tax Rate Reconciliation, Percent
Deferred Tax Assets, Valuation Allowance
Deferred Tax Assets, Net of Valuation Allowance
Unrecognized Tax Benefits