Summit Wireless Technologies, Inc. (WISA) 10K Annual Reports & 10Q SEC Filings

Document and Entity Information - USD ($)	12 Months Ended
Document and Entity Information - USD ($)	Dec. 31, 2022	Mar. 14, 2023	Jun. 30, 2022
Document and Entity Information
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2022
Document Transition Report	false
Entity File Number	001-38608
Entity Registrant Name	WISA Technologies, Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	30-1135279
Entity Address, Address Line One	15268 NW Greenbrier Pkwy
Entity Address, City or Town	Beaverton
Entity Address, State or Province	OR
Entity Address, Postal Zip Code	97006
City Area Code	408
Local Phone Number	627-4716
Title of 12(b) Security	Common Stock, par value $0.0001 per share
Trading Symbol	WISA
Security Exchange Name	NASDAQ
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
ICFR Auditor Attestation Flag	false
Entity Shell Company	false
Entity Public Float			$ 9,872,485
Entity Common Stock, Shares Outstanding		1,967,878
Entity Central Index Key	0001682149
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	FY
Amendment Flag	false
Auditor Name	BPM LLP
Auditor Firm ID	207
Auditor Location	San Jose, California

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Inside Summit Wireless Technologies, Inc.'s 10-K Annual Report:

Financial - Expense Highlight
We expect operating losses to continue in the foreseeable future because of additional costs and expenses related to research and development activities, plans to expand our product portfolio, and increase our market share.

Revenue - Product Highlight
The decrease in Component revenue was due in part to (i) a slow-down in consumer spending on consumer electronics which resulted in excess end product inventory at retailers and (ii) supply chain interruptions experienced by certain of our customers as a result of COVID-19, with their delaying orders to us until other components for their products could be obtained.
Financial - Dividend Highlight
During the year ended December 31, 2021, the Company recorded a deemed dividend of $1,192,000 in connection with the exchange of all 250,000 shares of preferred stock for 250,000 shares of common stock and warrants to purchase up to 187,500 shares of common stock, which warrants were subsequently fully exercised on a cashless basis for 79,244 shares of common stock.
Financial - Earnings Highlight
The decrease in gross profit is mainly attributable to low volumes of Component sales.
Financial - Earnings Highlight
The gross margin as a percent of sales was 11.7% for the year ended December 31, 2022 compared to 28.5% for the year ended December 31, 2021, a decrease of 16.8 points.
Financial - Expense
The increase of $889,000 in...Read more
Other - Other
On December 1, 2022, WiSA...Read more
Other - Other
Excluding the net loss and...Read more
Revenue - Product
Given the fact that our...Read more
Other - Other
However, if such restrictions become...Read more
Financial - Expense
General and administrative expenses for...Read more
Revenue - Geography
This discussion contains forward-looking statements...Read more
Financial - Shares
On August 15, 2022, the...Read more
Revenue - Product
Additionally, future capital requirements will...Read more
Financial - Expense
Research and development expenses for...Read more
Other - Other
On August 24, 2022, the...Read more
Other - Other
As part of the election,...Read more
Financial - Expense
The increase in general and...Read more
Financial - Expense
Our technology addresses some of...Read more
Other - Other
We raised approximately $6.4 million...Read more
Financial - Shares
The Pre-Funded Warrants were immediately...Read more
Other - Other
However, we are subject to...Read more
Revenue - Product
The increase in sales and...Read more
Revenue - Product
The decrease was a result...Read more

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Material Contracts, Statements, Certifications & more

Summit Wireless Technologies, Inc. provided additional information to their SEC Filing as exhibits

Exhibit 23.1: Consents Of Experts And Counsel

Exhibit 31.1: Rule 13A-14(A)/15D-14(A) Certification

Exhibit 31.2: Rule 13A-14(A)/15D-14(A) Certification

Exhibit 32.1: Section 1350 Certification

Exhibit 32.2: Section 1350 Certification

Ticker: WISA
CIK: 1682149
Form Type: 10-K Annual Report
Accession Number: 0001410578-23-000276
Submitted to the SEC: Thu Mar 16 2023 6:07:03 PM EST
Accepted by the SEC: Fri Mar 17 2023
Period: Saturday, December 31, 2022
Industry: Semiconductors And Related Devices