Source document: luna-innovations-incorporated_2019

Question: How much was research, development and engineering expense associated with the legacy business of GP during the year ended December 31, 2019?
Facts: $2.7 million
Answer: $2.7 million

Question: What is the average Selling, general and administrative expense for December 31, 2018 and 2019?
Facts: 14,794,205; 24,371,349
Derivation: (24,371,349+14,794,205) / 2
Answer: 19582777

Question: What is the average Research, development and engineering expense for December 31, 2018 and 2019?
Facts: 3,766,160; 7,496,012
Derivation: (7,496,012+3,766,160) / 2
Answer: 5631086

Question: In which year was Selling, general and administrative expense less than 20,000,000?
Facts: 2018
Derivation: locate and analyze Selling, general and administrative expense in row 3
Answer: 2018

Question: What was the Total operating expense in 2019 and 2018?
Facts: $18,560,365; $31,867,361
Answer: $31,867,361; $18,560,365

Question: What was the Selling, general and administrative expense increase in 2019?
Facts: $9.6 million
Answer: $9.6 million

Question: What led to the increase in Technology Development segment costs?
Facts: increases in direct labor and subcontractor costs consistent with the rate of growth in Technology Development segment revenues.
Answer: increases in direct labor and subcontractor costs consistent with the rate of growth in Technology Development segment revenues.

Question: What is the average Products and licensing costs for December 31, 2018 and 2019?
Facts: 16,684,172; 8,078,870
Derivation: (16,684,172+8,078,870) / 2
Answer: 12381521

Question: What is the average Technology development costs for December 31, 2018 and 2019?
Facts: 15,400,475; 18,649,161
Derivation: (18,649,161+15,400,475) / 2
Answer: 17024818

Question: In which year was Products and licensing costs less than 10,000,000?
Facts: 2018
Derivation: locate and analyze Products and licensing costs in row 3
Answer: 2018

Question: What was the Technology development costs in 2019 and 2018?
Facts: 15,400,475; 18,649,161
Answer: 18,649,161; 15,400,475

Question: What was the increase in Products and Licensing segment costs in 2019?
Facts: $8.6 million
Answer: $8.6 million

Question: What was the Balance at December 31, 2018 for the number of unvested shares?
Facts: 458,620
Answer: 458,620

Question: What is the change in Number of Unvested Shares from Balance at January 1, 2017 to December 31, 2018?
Facts: 458,620; 489,698
Derivation: 458,620-489,698
Answer: -31078

Question: What is the average Number of Unvested Shares for Balance for January 1, 2017 and December 31, 2018?
Facts: 458,620; 489,698
Derivation: (458,620+489,698) / 2
Answer: 474159

Question: What was the number of unvested shares Granted in 2018 and 2019 respectively?
Facts: 291,600; 296,287
Answer: 296,287; 291,600

Question: What was the Balance at December 31, 2019 for the number of unvested shares?
Facts: 502,102
Answer: 502,102

Question: What is the change in Weighted Average Grant Date Fair Value between the unvested shares in January 1, 2017 and those at December 31, 2018?
Facts: 1.51; 2.56
Derivation: 1.51-2.56
Answer: -1.05

Question: When was Original Term Loan matured and was repaid?
Facts: May 2019
Answer: May 2019

Question: What is the change in Interest expense on Term Loans between December 31, 2018 and 2019?
Facts: 101,087; 8,073
Derivation: 8,073-101,087
Answer: -93014

Question: What is the average Interest expense on Term Loans for December 31, 2018 and 2019?
Facts: 101,087; 8,073
Derivation: (8,073+101,087) / 2
Answer: 54580

Question: In which year was Interest expense on Term Loans greater than 100,000?
Facts: 2018
Derivation: locate and analyze Interest expense on Term Loans in row 3
Answer: 2018

Question: What was the Amortization of debt issuance costs in 2019 and 2018 respectively?
Facts: 16,308; 5,685
Answer: 5,685; 16,308

Question: What was the Total interest expense, net in 2019 and 2018 respectively?
Facts: $124,344; $15,878
Answer: $15,878; $124,344

Question: What do contract assets consist of?
Facts: unbilled amounts for technology development contracts as well as custom product contracts.
Answer: unbilled amounts for technology development contracts as well as custom product contracts.

Question: What is the change in Contract assets between December 31, 2018 and 2019?
Facts: 2,759,315; 3,208,206
Derivation: 3,208,206-2,759,315
Answer: 448891

Question: What is the average Contract assets for December 31, 2018 and 2019?
Facts: 2,759,315; 3,208,206
Derivation: (3,208,206+2,759,315) / 2
Answer: 2983760.5

Question: In which year were contract assets less than 3,000,000?
Facts: 2018
Derivation: locate and analyze contract assets in row 3
Answer: 2018

Question: What was the contract liabilities in 2019 and 2018 respectively?
Facts: (2,486,111); (3,887,685)
Answer: (3,887,685); (2,486,111)

Question: What was the change in net contract (liabilities)/assets?
Facts: $1.0 million
Answer: $1.0 million

Question: How much outstanding term loan with SVB was repaid during 2018? 
Facts: $1.8 million
Answer: $1.8 million

Question: What is the change in Net cash provided by/(used in) operating activities from December 31, 2018 and 2019?
Facts: 3,308,826; 4,798,201
Derivation: 4,798,201-(3,308,826)
Answer: 8107027

Question: What is the average Net cash provided by/(used in) operating activities for December 31, 2018 and 2019?
Facts: 2; 3,308,826; 4,798,201
Derivation: (4,798,201+(3,308,826)) / 2
Answer: 744687.5

Question: In which year was Net cash provided by/(used in) operating activities negative?
Facts: 2018
Derivation: locate and analyze Net cash provided by/(used in) operating activities in row 3
Answer: 2018

Question: What was the Net cash provided by/(used in) operating activities in 2019 and 2018?
Facts: $(3,308,826); $4,798,201
Answer: $4,798,201; $(3,308,826)

Question: What was the net increase in cash and cash equivalents in 2018?
Facts: $5,478,733
Answer: $5,478,733

Question: What led to revenues within Technology Development segment to increase from 2018 to 2019?
Facts: due to additional contract awards, including higher value Phase 2 SBIR contracts.
Answer: due to additional contract awards, including higher value Phase 2 SBIR contracts.

Question: What is the average Products and licensing revenues for December 31, 2018 and 2019?
Facts: 21,949,689; 44,491,041
Derivation: (44,491,041+21,949,689) / 2
Answer: 33220365

Question: What is the average Technology development revenues for December 31, 2018 and 2019?
Facts: 20,967,556; 26,024,674
Derivation: (26,024,674+20,967,556) / 2
Answer: 23496115

Question: In which year was Products and licensing revenues less than 40,000,000?
Facts: 2018
Derivation: locate and analyze Products and licensing revenues in row 3
Answer: 2018

Question: What was the increase in the Products and Licensing segment revenue in 2019?
Facts: $22.5 million
Answer: $22.5 million

Question: What was the Technology development revenues in 2019 and 2018 respectively?
Facts: 20,967,556; 26,024,674
Answer: 26,024,674; 20,967,556 million

Question: Was there any transaction-related expenses associated with the acquisition for the year ended December 31, 2018?
Facts: There were no transaction-related expenses associated with the acquisition for the year ended December 31, 2018.
Answer: There were no transaction-related expenses associated with the acquisition for the year ended December 31, 2018.

Question: What is the change in Revenue from December 31, 2018 and 2019?
Facts: 60,249,896; 72,576,902
Derivation: 72,576,902-60,249,896
Answer: 12327006

Question: What is the average Revenue for December 31, 2018 and 2019?
Facts: 60,249,896; 72,576,902
Derivation: (72,576,902+60,249,896) / 2
Answer: 66413399

Question: In which year was Revenue less than 65,000,000?
Facts: 2018
Derivation: locate and analyze Revenue in row 4
Answer: 2018

Question: What was the Income from continuing operations in 2019 and 2018 respectively?
Facts: $1,559,008; $6,912,802
Answer: $6,912,802; $1,559,008

Question: What was the revenue in 2019?
Facts: $72,576,902
Answer: $72,576,902