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]
Manufacturing Equipment [Member]
PropertyPlantAndEquipmentByType [Axis]
Maximum [Member]
Office Equipment [Member]
Building And Improvements [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 0.31 to 1.00
Range 2.51 to 5.00
Range 5.01 to 6.95
Range 7.51 to 17.95
$1.01 to $2.50
Joint development and license agreement [Member]
Income Statement Location [Axis]
Research and Development Agreement [Member]
Restricted Stock Units (RSUs) [Member]
Award Type [Axis]
Series B Preferred Stock [Member]
Class of Stock [Axis]
Series C Preferred Stock [Member]
Finance leases [Member]
Financing Receivable Portfolio Segment [Axis]
Operating leases [Member]
Honolulu [Member]
Geographical [Axis]
Range 0.31 to 1.00
Range 1.01 to 2.50
Range 2.51 to 5.00
Range 5.01 to 6.95
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
Deferred financing costs
Customer intangible assets
Note receivable
Deferred PPA project costs
Deferred customer project costs
Project assets
Total current assets
Long-term assets:
Property, plant and equipment, net
Investment in investee company
Goodwill
Right of use assets - operating leases
Total assets
Liabilities and Equity
Current liabilities:
Current maturities of long-term debt
Accounts payable
Accrued expenses
Customer deposits
Accrued compensation and benefits
Total current liabilities
Long-term liabilities:
Long-term debt, net of current maturities
Deferred revenue
Other long-term liabilities
Total liabilities
Commitments and contingencies (Note 15)
Equity
Series B redeemable convertible preferred stock ($0.01 par value, $1,000 face value) 3,000 shares authorized and issued, 2,300 and 2,575 shares outstanding, preference in liquidation of $5,244,195 and $5,635,866 as of March 31, 2016 and June 30, 2015, respectively
Series C convertible preferred stock ($0.01 par value, $1,000 face value), 28,048 and 0 shares authorized, issued, and outstanding, preference in liquidation of $18,252,296 and $0 as of March 31, 2016 and June 30, 2015, respectively
Common stock ($0.01 par value); 300,000,000 and 150,000,000 authorized, 47,644,821 and 39,129,334 shares issued and outstanding as of March 31, 2016 and June 30, 2015, respectively
Additional paid-in capital
Accumulated deficit
Accumulated other comprehensive loss
Total EnSync, Inc. Equity
Noncontrolling interest
Total equity
Total liabilities and equity
Statement [Table]
Statement [Line Items]
Preferred stock, par value
Preferred stock, authorized shares
Preferred stock, issued shares
Preferred stock, outstanding shares
Preferred stock, 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
Total Other Income (Expense)
Loss before expense (benefit) for Income Taxes
Expense (Benefit) for Income Taxes
Net Loss
Net loss attributable to noncontrolling interest
Gain attributable to noncontrolling interest
Net Loss Attributable to EnSync, Inc.
Preferred Stock Dividend
Net Loss Attributable to Common Shareholders
Net Loss per share - Basic and diluted
Weighted average shares-basic and diluted
Statement of Comprehensive Income [Abstract]
Net loss
Foreign exchange translation adjustments
Comprehensive loss
Net (income) loss attributable to noncontrolling interest
Comprehensive Loss Attributable to EnSync, Inc.
Beginning Balance Shares
Beginning Balance Amount
Net (loss) income
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 common and preferred stock, net of costs and other fees, Shares
Issuance of common and preferred stock, net of costs and other 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 asset
Stock-based compensation, net
Equity in loss of investee company
Gain on investment in investee company
Interest accreted on note receivable
Gain on bargain purchase
Changes in assets and liabilities
Accounts receivable
Inventories
Prepaids and other current assets
Refundable income taxes
Deferred PPA project costs
Deferred customer project costs
Project assets
Accounts payable
Accrued expenses
Customer deposits
Accrued compensation and benefits
Deferred revenue
Net cash used in operating activities
Cash flows from investing activities
Cash paid for business combination
Change in restricted cash
Expenditures for property and equipment
Issuance of note receivable
Net cash used in investing activities
Cash flows from financing activities
Payment of financing costs
Repayments of long term debt
Proceeds from equipment financing
Payments for finance leases
Proceeds from issuance of preferred stock
Proceeds from issuance of Common Stock
Common stock issuance costs
Contributions of capital 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
Supplemental noncash information:
Right of use asset obtained in exchange for new finance lease
Right of use asset obtained in exchange for new operating lease
Asset retirement obligation
Notes to Financial Statements
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Global Strategic Partnership With Spi Energy Co. Ltd.
GLOBAL STRATEGIC PARTNERSHIP WITH SPI ENERGY CO., LTD.
CHINA JOINT VENTURE
Business Combination
BUSINESS COMBINATION
Organization, Consolidation and Presentation of Financial Statements [Abstract]
MANAGEMENT'S PLANS AND FUTURE OPERATIONS
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]
DEBT
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
EMPLOYEE AND DIRECTOR EQUITY INCENTIVE PLANS
WARRANTS
Basic And Diluted Net Loss Per Share
BASIC AND DILUTED NET LOSS PER SHARE
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
Use of Estimates
Fair Value of Financial Instruments
Cash and Cash Equivalents
Restricted Cash on Deposit
Accounts Receivable
Inventories
Customer Intangible Asset
Note Receivable
Deferred PPA Project Costs
Deferred Customer Project Costs
Project Assets
Property, Plant and Equipment
Impairment of Long-Lived Assets
Investment in Investee Company
Goodwill
Accrued Expenses
Warranty Obligations
Asset Retirement 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
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
Business Combination Tables
Key Assumptions
Calculation of the bargain purchase
Revenue and net operating income (loss) date of acquisition
Inventories
Property, plant, and equipment
Company Debt
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
Basic And Diluted Net Loss Per Share Tables
Potential common shares not included in calculating diluted net loss per share
Summary of asset retirement obligation
Summary of weighted-average discount rate for finance and operating leases
Summary of 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
Product sales
Product purchases
Total amount due to Meineng Energy
Business Combination Details
Project assets
Customer intagible assets
Identifiable net assets
Business Combination Details 1
Identifiable net assets acquired
Less: Fair value of the consideration transferred
Gain on bargain purchase
Business Combination Details 2
Total product sales
Net loss
Net loss
Accumulated deficit
EnSync, Inc corporation equity
Inventories Details
Raw materials
Work in progress
Total
Options to purchase shares granted to employee
Land
Building and improvements
Manufacturing equipment
Office equipment
Construction in process
Total, at cost
Less: accumulated depreciation
Property, plant and equipment, net
Depreciation expense
Goodwill Details Narrative
Net goodwill amount
Debt Details
Current maturities of long-term debt
Long-term debt
Total
Debt Details 1
Note payable to Wisconsin Econcomic Development Corporation 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.
Bank loan payable in fixed monthly installments of $6,800 of principal and interest at a rate of 0.25% below prime, as defined, subject to a floor of 5% with any remaining principal and interest due at maturity on June 1, 2018; collateralized by the building and land.
Equipment finance obligation, interest payable in quarterly installments ranging between $1,510 and $2,555 at an imputed interest rate of approximately 2.44% over 20 years. See Note 15 for discussion of sale-leaseback transaction.
Total
Debt Details 2
2016
2017
2018
2019
2020
2021 and thereafter
Employee And Director 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
Fair value of options granted
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
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
Employee And Director Equity Incentive Plans Details 3
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 (in years)
Employee And Director Equity Incentive Plans Details 4
Beginning Balance
RSUs granted
RSUs forfeited
Shares issued
Ending balance
Outstanding beginning, Weighted-Average Valuation Price Per Unit
Weighted-Average Valuation Price Per Unit, granted
Weighted-Average Valuation Price Per Unit, forfeited
Weighted-Average Valuation Price Per Unit, shares issued
Outstanding, ending, Weighted-Average Valuation Price Per Unit
Stock-based compensation recognized amount
Shares available for future grant
Options to purchase shares granted exercisable term
Intrinsic value of outstanding options
Fair value of options granted
Unrecognized compensation cost related to unvested stock options
Unrecognized compensation cost recognition period
Unvested RSUs outstanding
Director's fees expense settled with RSUs
Unvested RSUs outstanding vesting period
Unrecognized compensation cost related to unvested RSUs
U.S. federal net operating loss carryforwards expiration dates
Beginning Balance
Warrants granted
Warrants expired
Warrants exercised
Ending balance
Warrants outstanding beginning weighted average exercise price per share
Warrants granted weighted average exercise price per share
Warrants expired weighted average exercise price per share
Warrants exercised weighted average exercise price per share
Warrants outstanding ending weighted average exercise price share
Basic And Diluted Net Loss Per Share Details
Stock options and restricted stock units
Stock warrants
Series B preferred shares
Total
Asset Retirement Obligation [Abstract]
Balance at beginning of period
Liabilities incurred
Balance at end of period
Weighted-average remaining finance lease term (in years)
Weighted-average remaining operating lease term (in years)
Weighted-average discount rate
2016
2017
2018
Operating lease commitment
Present value adjustment
Net operating lease liabilities
2016
2017
2018
Finance lease commitment
Present value adjustment
Net finance lease liabilities
Net carrying value of the asset related to accrued expenses
Net carrying value of the asset related to PPE
Interest expense on the lease liability
Amortization of the right of use asset
Rent expense
Short-term rent expense
Severance cost
Carrying value of the right of use asset
Short-term liabilities
Long-term liabilities
Retirement Plans Details Narrative
Retirement plan expense
Income Taxes Details
Current
Deferred
Provision for income taxes
U.S. federal net operating loss carryforwards expiration dates
Income tax expense/(benefit) computed at the U.S. federal statutory rate
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
Lapses of statutes of limitations
Effect of foreign currency translation
Ending balance
Income Tax Authority [Axis]
Operating loss carryforwards
U.S. federal net operating loss carryforwards expiration dates
Other federal deferred tax asset
Federal research and development tax credit carryforwards
Federal research and development tax credit carryforwards expiration dates
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Cutomer 1.
Cutomer 2.
Cutomer 3.
Cutomer 4.
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Fair value of options granted.
Federal research and development tax credit carryforwards.
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Warrants issued to underwriters
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Unvested RSUs outstanding.
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RangeOneMember
RangeThreeMember
RangeFourMember
Assets, Current
Assets [Default Label]
Liabilities, Current
Liabilities
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
Dividends, Preferred Stock
Net Income (Loss) Available to Common Stockholders, Basic
Shares, Outstanding
Interest and Dividend Income, Securities, Operating, Other
GainOnBargainPurchase
Increase (Decrease) in Accounts Receivable
Increase (Decrease) in Inventories
Increase (Decrease) in Prepaid Expense and Other Assets
IncreaseDecreaseDeferredProjectCosts
IncreaseDecreaseDeferredCustomerProjectCosts
IncreaseDecreaseProjectAssets
Increase (Decrease) in Accounts Payable
Increase (Decrease) in Accrued Liabilities
Increase (Decrease) in Customer Deposits
Increase (Decrease) in Employee Related Liabilities
Increase (Decrease) in Deferred Revenue
Net Cash Provided by (Used in) Operating Activities
Payments to Acquire Intangible Assets
Increase (Decrease) in Restricted Cash
Payments to Acquire Property, Plant, and Equipment
Increase (Decrease) in Notes Receivables
Net Cash Provided by (Used in) Investing Activities
Payments of Financing Costs
Repayments of Notes Payable
Repayments of Long-term Capital Lease Obligations
Payments of Stock Issuance Costs
Net Cash Provided by (Used in) Financing Activities
Cash and Cash Equivalents, Period Increase (Decrease)
Goodwill and Intangible Assets, Goodwill, Policy [Policy Text Block]
Schedule of Inventory, Current [Table Text Block]
Product Warranty Accrual
Equity Method Investment, Summarized Financial Information, Revenue
ProductSales
BusinessCombinationProjectAssets
Property, Plant and Equipment, Gross
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment
Short-term Debt
Notes Payable
Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures in Period
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 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, Vested in Period
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeited in Period
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
RestrictedStockUnitsOutstandingBalance
RestrictedStockOutstandingWeightedaverageValuationPrice
FairValueOfOptionsGranted
WarrantsOutstandingWeightedAverageExercisePrice
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount
Asset Retirement Obligation
Operating Leases, Future Minimum Payments Due, Next Twelve Months
Operating Leases, Future Minimum Payments, Due in Two Years
Operating Leases, Future Minimum Payments, Due in Three Years
FinanceLeasesFutureMinimumPaymentsDueCurrent
FinanceLeasesFutureMinimumPaymentsDueInTwoYears
FinanceLeasesFutureMinimumPaymentsDueInThreeYears
FinanceLeasesFutureMinimumPaymentsDuePresentValueAdjustment
Current Income Tax Expense (Benefit)
IncomeTaxesDetails1Abstract
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent
Effective Income Tax Rate Reconciliation, Percent
Deferred Tax Assets, Valuation Allowance
Deferred Tax Assets, Net of Valuation Allowance
Unrecognized Tax Benefits
Unrecognized Tax Benefits, Decrease Resulting from Foreign Currency Translation
OperatingLossCarryfowardExpirationPeriod