Organization and Description of Business |
6 Months Ended | |
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Jun. 30, 2015 | ||
| Organization, Consolidation and Presentation of Financial Statements [Abstract] | ||
| Business Description and Basis of Presentation [Text Block] |
Note 1 – Organization and Description of Business Ideal Power Inc. (the “Company”) was incorporated in Texas on May 17, 2007 under the name Ideal Power Converters, Inc. The Company changed its name to Ideal Power Inc. on July 8, 2013 and re-incorporated in Delaware on July 15, 2013. With headquarters in Austin, Texas, it develops power conversion solutions with an initial focus on stand-alone commercial and industrial grid storage, combined solar and storage, and microgrid applications. The principal products of the Company are power conversion systems, including dual-port and multi-port battery converters.
Since its inception, the Company has generated limited revenues from the sale of products and has financed its research and development efforts and operations primarily through the sale of common stock, US Department of Energy grants and, prior to its initial public offering, issuance of convertible debt.
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