Annual report pursuant to Section 13 and 15(d)

Statements of Cash Flows

v2.4.1.9
Statements of Cash Flows (USD $)
 12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Cash flows from operating activities:    
Net loss $ (6,900,219)us-gaap_NetIncomeLoss $ (9,551,698)us-gaap_NetIncomeLoss
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 67,793us-gaap_DepreciationDepletionAndAmortization 29,711us-gaap_DepreciationDepletionAndAmortization
Write-down of inventory 62,851us-gaap_InventoryWriteDown 23,651us-gaap_InventoryWriteDown
Allowance for doubtful accounts 24,775us-gaap_ProvisionForDoubtfulAccounts 0us-gaap_ProvisionForDoubtfulAccounts
Stock-based compensation 944,102us-gaap_ShareBasedCompensation 458,983us-gaap_ShareBasedCompensation
Common stock issued and to be issued for services 50,004ipwr_StockCompensationEarnedButNotIssued 151,665ipwr_StockCompensationEarnedButNotIssued
Amortization of debt discount 0us-gaap_AmortizationOfDebtDiscountPremium 5,318,257us-gaap_AmortizationOfDebtDiscountPremium
Issuance of note payable in connection with services 0ipwr_IssuanceOfNotePayableInConnectionWithServices 213,293ipwr_IssuanceOfNotePayableInConnectionWithServices
Fair value of warrants issued for consulting services 130,179us-gaap_IssuanceOfStockAndWarrantsForServicesOrClaims 37,145us-gaap_IssuanceOfStockAndWarrantsForServicesOrClaims
Accrued interest - promissory note 0us-gaap_InterestExpenseDebt 72,406us-gaap_InterestExpenseDebt
Decrease (increase) in operating assets:    
Accounts receivable (218,890)us-gaap_IncreaseDecreaseInAccountsReceivable 233,268us-gaap_IncreaseDecreaseInAccountsReceivable
Inventories 205,468us-gaap_IncreaseDecreaseInInventories (325,441)us-gaap_IncreaseDecreaseInInventories
Prepaid expenses and other assets (50,030)us-gaap_IncreaseDecreaseInPrepaidExpense (203,027)us-gaap_IncreaseDecreaseInPrepaidExpense
Increase (decrease) in operating liabilities:    
Accounts payable (97,509)us-gaap_IncreaseDecreaseInAccountsPayable (145,413)us-gaap_IncreaseDecreaseInAccountsPayable
Accrued expenses 311,926us-gaap_IncreaseDecreaseInAccruedLiabilities 446,408us-gaap_IncreaseDecreaseInAccruedLiabilities
Net cash used in operating activities (5,469,550)us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations (3,240,792)us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
Cash flows from investing activities:    
Purchase of property and equipment (342,247)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (78,941)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Acquisition of patents (418,255)us-gaap_PaymentsToAcquireIntangibleAssets (142,708)us-gaap_PaymentsToAcquireIntangibleAssets
Net cash used in investing activities (760,502)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations (221,649)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
Cash flows from financing activities:    
Borrowings on notes payable, net of debt raising costs 0us-gaap_ProceedsFromNotesPayable 611,256us-gaap_ProceedsFromNotesPayable
Net proceeds from issuance of common stock 0us-gaap_ProceedsFromIssuanceOfCommonStock 15,015,985us-gaap_ProceedsFromIssuanceOfCommonStock
Exercise of options and warrants 4,966ipwr_ProceedsFromPaymentsForExerciseOfOptionsAndWarrants (4)ipwr_ProceedsFromPaymentsForExerciseOfOptionsAndWarrants
Net cash provided by financing activities 4,966us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations 15,627,237us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
Net (decrease) increase in cash and cash equivalents (6,225,086)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 12,164,796us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents at beginning of year 14,137,097us-gaap_CashAndCashEquivalentsAtCarryingValue 1,972,301us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents at end of year $ 7,912,011us-gaap_CashAndCashEquivalentsAtCarryingValue $ 14,137,097us-gaap_CashAndCashEquivalentsAtCarryingValue