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Vuzix Corp (VUZI) SEC Filing 10-K Annual Report for the fiscal year ending Sunday, December 31, 2023

SEC Filings

VUZI Annual Reports

Vuzix Corp

CIK: 1463972 Ticker: VUZI
Document and Entity Information - USD ($)
12 Months Ended
Dec. 31, 2023
Apr. 15, 2024
Jun. 30, 2023
Document and Entity Information   
Document Type10-K  
Document Annual Reporttrue  
Document Period End DateDec. 31, 2023  
Document Transition Reportfalse  
Entity File Number001-35955  
Entity Registrant NameVuzix Corp  
Entity Incorporation, State or Country CodeDE  
Entity Tax Identification Number04-3392453  
Entity Address, Address Line One25 Hendrix Road  
Entity Address, City or TownWest Henrietta  
Entity Address, State or ProvinceNY  
Entity Address, Postal Zip Code14586  
City Area Code585  
Local Phone Number359-5900  
Title of 12(b) SecurityCommon Stock  
Trading SymbolVUZI  
Security Exchange NameNASDAQ  
Entity Well-known Seasoned IssuerNo  
Entity Voluntary FilersNo  
Entity Current Reporting StatusYes  
Entity Interactive Data CurrentYes  
Entity Filer CategoryNon-accelerated Filer  
Entity Small Businesstrue  
Entity Emerging Growth Companyfalse  
Document Financial Statement Error Correction [Flag]false  
Entity Shell Companyfalse  
ICFR Auditor Attestation Flagfalse  
Entity Public Float  $ 299,000,000
Entity Common Stock, Shares Outstanding 64,725,108 
Auditor NameFreed Maxick CPAs, P.C.  
Auditor Firm ID317  
Auditor LocationBuffalo, New York  
Entity Central Index Key0001463972  
Current Fiscal Year End Date--12-31  
Document Fiscal Year Focus2023  
Document Fiscal Period FocusFY  
Amendment Flagfalse  

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Vuzix Corp's Definitive Proxy Statement (Form DEF 14A) filed after their 2024 10-K Annual Report includes:

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  • Executive Team
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Inside Vuzix Corp's 10-K Annual Report:

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Document And Entity Information
Schedule Ii - Valuation And Qualification Accounts (Details)
Consolidated Balance Sheets
Consolidated Balance Sheets (Parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Changes In Stockholders' Equity
Consolidated Statements Of Operations
Accrued Expenses
Accrued Expenses (Tables)
Accrued Expenses - Additional Information (Details)
Accrued Expenses - Changes In Accrued Warranty Obligations (Details)
Accrued Expenses - Components Of Accrued Expenses (Details)
Capital Stock
Capital Stock (Details)
Employee Benefit Plans
Employee Benefit Plans (Additional Information) (Details)
Fixed Assets
Fixed Assets (Tables)
Fixed Assets - Additional Information (Details)
Fixed Assets - Schedule Of Fixed Assets (Details)
Geographic And Other Financial Information (Unaudited)
Geographic And Other Financial Information (Unaudited) (Details)
Geographic And Other Financial Information (Unaudited) (Tables)
Goodwill And Acquired Intangible Assets, Net
Goodwill And Acquired Intangible Assets, Net (Tables)
Goodwill And Acquired Intangible Assets, Net - Additional Information (Details)
Goodwill And Acquired Intangible Assets, Net - Estimated Fair Value And Annual Amortization For Each Of The Identifiable Intangible Assets Acquired (Details)
Goodwill And Acquired Intangible Assets, Net - Goodwill And Acquired Intangible (Details)
Goodwill And Acquired Intangible Assets, Net - Net Assets Acquired (Details)
Income Taxes
Income Taxes (Tables)
Income Taxes - Additional Information (Details)
Income Taxes - Components Of Deferred Tax Assets And Liabilities (Details)
Income Taxes - Pre-Tax Earnings (Details)
Income Taxes - Provision Expense/ Benefit For Income Taxes (Details)
Income Taxes - Reconciliation Of Effective Rate (Details)
Insider Trading Arrangements
Inventories, Net
Inventories, Net (Tables)
Inventories, Net - Additional Information (Details)
Inventories, Net - Components Of Inventories (Detail)
Investment In Atomistic
Investment In Atomistic (Details)
Litigation
Long-Term Incentive Plan
Long-Term Incentive Plan (Details)
Long-Term Incentive Plan (Tables)
Long-Term Incentive Plan - Ltip (Details)
Other Assets
Other Assets (Details)
Other Assets (Tables)
Other Assets - Additional Information (Details)
Patents And Trademarks, Net
Patents And Trademarks, Net (Tables)
Patents And Trademarks, Net - Additional Information (Details)
Patents And Trademarks, Net - Schedule Of Patents And Trademarks (Details)
Pay Vs Performance Disclosure
Quarterly Financial Information (Unaudited)
Quarterly Financial Information (Unaudited) (Details)
Quarterly Financial Information (Unaudited) (Tables)
Revenue Recognition And Contracts With Customers
Revenue Recognition And Contracts With Customers (Tables)
Revenue Recognition And Contracts With Customers - Additional Information (Details)
Revenue Recognition And Contracts With Customers - Company's Net Sales As A Percentage (Details)
Revenue Recognition And Contracts With Customers - Company's Total Revenue By Major Product Lines (Details)
Right-Of-Use Assets And Liabilities
Right-Of-Use Assets And Liabilities (Tables)
Right-Of-Use Assets And Liabilities - Additional Information (Details)
Right-Of-Use Assets And Liabilities - Operating Leases (Details)
Schedule Ii -Valuation And Qualification Accounts
Stock Warrants
Stock Warrants (Tables)
Stock Warrants - Additional Information (Details)
Stock Warrants - Changes In Warrants (Details)
Stock-Based Compensation
Stock-Based Compensation (Tables)
Stock-Based Compensation - Additional Information (Details)
Stock-Based Compensation - Assumptions Used To Compute The Fair Value Of Stock Options (Details)
Stock-Based Compensation - Summary Of Stock Option Activity (Details)
Stock-Based Compensation - Summary Of Stock Option Plans (Details)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (Policies)
Summary Of Significant Accounting Policies (Tables)
Summary Of Significant Accounting Policies - Additional Information (Details)
Summary Of Significant Accounting Policies - Going Concern (Details)
Summary Of Significant Accounting Policies - Impact Of Reclassification (Details)
Summary Of Significant Accounting Policies - Property Plant And Equipment Useful Life (Details)
Technology Licenses, Net
Technology Licenses, Net (Details)
Technology Licenses, Net (Tables)
Technology Licenses, Net - Additional Information (Details)
Ticker: VUZI
CIK: 1463972
Form Type: 10-K Annual Report
Accession Number: 0001558370-24-005117
Submitted to the SEC: Mon Apr 15 2024 4:01:50 PM EST
Accepted by the SEC: Mon Apr 15 2024
Period: Sunday, December 31, 2023
Industry: Radio And Tv Broadcasting And Communications Equipment

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