Ideal Power Inc 2026年季度报告

FORM10-Q OR Commission File Number001-36216 Table of Contents Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller If an emerging growth company, indicate by check mark whether the registrant has elected not to use the extended transitionperiod for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the ExchangeAct.☐ Indicate by check mark whether the issuer is a shell company (as defined in Rule12b‑2 of the Exchange Act). Yes☐No☒ As of May 10, 2026, the issuer had 12,155,901shares of common stock, par value $0.001, outstanding. TABLE OF CONTENTS PARTI FINANCIAL INFORMATION Item 1.Unaudited Condensed Financial Statements Condensedbalance Sheets at March 31, 2026 and December31, 2025Condensed statements of Operations for the three months ended March 31, 2026 and 2025Condensed statements of Cash Flows for the three months ended March 31, 2026 and 2025Condensed statements of Stockholders’Equity for the three months ended March 31, 2026 and 2025Notes to Condensed Financial Statements Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations Item 3.Quantitative and Qualitative Disclosures About Market RiskItem 4.Controls and ProceduresPARTII OTHER INFORMATIONItem 1.Legal ProceedingsItem 1A.Risk FactorsItem 2.Unregistered Sales of Equity Securities and Use of ProceedsItem 3.Defaults Upon Senior SecuritiesItem 4.Mine Safety DisclosuresItem 5.Other InformationItem 6.ExhibitsSIGNATURES 18 PARTI-FINANCIAL INFORMATION IDEAL POWER INC.Notesto Condensed Financial Statements Note1–Organization and Description of Business Ideal Power Inc. (the “Company”) was incorporated in Texas in May 2007 under the name Ideal Power Converters, Inc. TheCompany changed its name to Ideal Power Inc. and re-incorporated in Delaware in July 2013. With headquarters in Austin, Texas,the Company is focused on the further development and commercialization of its Bidirectional bipolar junction TRANsistor (B- Since its inception, the Company has financed its research and development efforts and operations primarily through the saleof common stock and pre-funded warrants. The Company’s continued operations are dependent upon, among other things, itsability to obtain adequate sources of funding through future revenues, follow-on stock offerings, issuances of warrants, debt Note2–Summary of Significant Accounting Policies Basis of Presentation The accompanying unaudited condensed financial statements have been prepared in accordance with the rules and regulationsof the Securities and Exchange Commission (the “SEC”) for Form 10-Q. Accordingly, certain information and footnote disclosuresnormally included in financial statements prepared in accordance with generally accepted accounting principles have been In the opinion of management, these financial statements reflect all normal recurring, and other adjustments, necessary for afair presentation. These condensed financial statements should be read in conjunction with the audited financial statementsincluded in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025. Operating results for interim Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States ofAmerica requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities Segment Information Operating segments are defined as components of an entity for which separate financial information is available and that isregularly reviewed by the Chief Operating Decision Maker (“CODM”) in deciding how to allocate resources to an individualsegment and in assessing performance. The Company’s Chief Executive Officer is the Company’s CODM. The CODM reviewsfinancial information presented on a company-wide basis for purposes of making operating decisions, allocating resources, andevaluating financial performance. As such, the Company has determined that it operates as one operating segment. The Company During the three months ended March 31, 2026 and 2025, the Company did not generate material international revenues. As ofMarch 31, 2026, the Company had $136,204 in property and equipment, net located in Asia. As of December 31, 2025, the Net Loss Per Share In accordance with Accounting Standards Codification 260, shares issuable for little or no cash consideration are consideredoutstanding common shares and included in the computation of basic net loss per share. As such, for the three months ended March31, 2026 and 2025, the Company included pre-funded warrants to purchase shares of common stock in its computation of net loss In periods with a net loss, no common share equivalents are i