2024 Q3 Form 10-Q Financial Statement

#000155837024010969 Filed on August 06, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $14.05M
YoY Change 16.15%
Cost Of Revenue $6.629M
YoY Change 5.22%
Gross Profit $7.418M
YoY Change 28.03%
Gross Profit Margin 52.81%
Selling, General & Admin $14.60M
YoY Change 30.24%
% of Gross Profit 196.78%
Research & Development $6.381M
YoY Change 15.49%
% of Gross Profit 86.02%
Depreciation & Amortization $504.0K
YoY Change -16.69%
% of Gross Profit 6.79%
Operating Expenses $20.98M
YoY Change 25.37%
Operating Profit -$13.56M
YoY Change 23.96%
Interest Expense $1.133M
YoY Change -32.92%
% of Operating Profit
Other Income/Expense, Net $943.0K
YoY Change -38.04%
Pretax Income -$12.62M
YoY Change 33.98%
Income Tax -$69.00K
% Of Pretax Income
Net Earnings -$12.55M
YoY Change 34.26%
Net Earnings / Revenue -89.33%
Basic Earnings Per Share -$0.37
Diluted Earnings Per Share -$0.37
COMMON SHARES
Basic Shares Outstanding 34.66M 34.49M
Diluted Shares Outstanding 34.06M

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $77.38M
YoY Change -49.32%
Cash & Equivalents $46.81M
Short-Term Investments $30.57M
Other Short-Term Assets $3.485M
YoY Change -11.71%
Inventory $18.59M
Prepaid Expenses
Receivables $10.99M
Other Receivables $0.00
Total Short-Term Assets $110.4M
YoY Change -39.01%
LONG-TERM ASSETS
Property, Plant & Equipment $3.556M
YoY Change 20.95%
Goodwill $40.22M
YoY Change 294.89%
Intangibles $47.30M
YoY Change 479.49%
Long-Term Investments
YoY Change
Other Assets $1.352M
YoY Change 1.65%
Total Long-Term Assets $98.33M
YoY Change 230.49%
TOTAL ASSETS
Total Short-Term Assets $110.4M
Total Long-Term Assets $98.33M
Total Assets $208.8M
YoY Change -0.98%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.974M
YoY Change 32.84%
Accrued Expenses $5.636M
YoY Change -6.6%
Deferred Revenue $11.95M
YoY Change 10.54%
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $21.72M
YoY Change 7.54%
LONG-TERM LIABILITIES
Long-Term Debt $0.00
YoY Change
Other Long-Term Liabilities $15.50M
YoY Change 9835.9%
Total Long-Term Liabilities $15.50M
YoY Change 9835.9%
TOTAL LIABILITIES
Total Short-Term Liabilities $21.72M
Total Long-Term Liabilities $15.50M
Total Liabilities $52.42M
YoY Change 44.11%
SHAREHOLDERS EQUITY
Retained Earnings -$194.1M
YoY Change 24.34%
Common Stock $35.00K
YoY Change 9.38%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $156.4M
YoY Change
Total Liabilities & Shareholders Equity $208.8M
YoY Change -0.98%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income -$12.55M
YoY Change 34.26%
Depreciation, Depletion And Amortization $504.0K
YoY Change -16.69%
Cash From Operating Activities -$13.04M
YoY Change 65.44%
INVESTING ACTIVITIES
Capital Expenditures -$647.0K
YoY Change -302.19%
Acquisitions
YoY Change
Other Investing Activities -$45.76M
YoY Change 133.27%
Cash From Investing Activities -$45.11M
YoY Change 126.28%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 367.0K
YoY Change -191.52%
NET CHANGE
Cash From Operating Activities -13.04M
Cash From Investing Activities -45.11M
Cash From Financing Activities 367.0K
Net Change In Cash -57.78M
YoY Change 104.77%
FREE CASH FLOW
Cash From Operating Activities -$13.04M
Capital Expenditures -$647.0K
Free Cash Flow -$12.39M
YoY Change 51.1%

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<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:italic;font-weight:bold;margin:0pt 0pt 12pt 0pt;">Use of Estimates</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt 0pt 12pt 0pt;">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenue and expenses during the reporting periods. Significant estimates and assumptions reflected in these condensed consolidated financial statements include, but are not limited to, revenue recognition and accounts receivable, the valuation of inventory, fair value of assets acquired and liabilities assumed in acquisitions, fair value of contingent consideration, and the valuation of stock-based awards. The Company bases its estimates on historical experience, known trends and other market-specific or other relevant factors that it believes to be reasonable under the circumstances. Due to the impact of inflation and changes in interest rates, there has been uncertainty and disruption in the global economy and financial markets. The Company is not aware of any specific event or circumstance that would require further updates to its estimates or judgments or a revision of the carrying value of its assets or liabilities as of the date of issuance of these condensed consolidated financial statements. These estimates may change, as new events occur and additional information is obtained. On an ongoing basis, management evaluates its estimates as there are changes in circumstances, facts and experience. Changes in estimates are recorded in the period in which they become known. Actual results may differ from those estimates or assumptions.</p>
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RetainedEarningsAccumulatedDeficit
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us-gaap Use Of Estimates
UseOfEstimates
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:italic;font-weight:bold;margin:0pt 0pt 12pt 0pt;">Use of Estimates</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt 0pt 12pt 0pt;">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenue and expenses during the reporting periods. Significant estimates and assumptions reflected in these condensed consolidated financial statements include, but are not limited to, revenue recognition and accounts receivable, the valuation of inventory, fair value of assets acquired and liabilities assumed in acquisitions, fair value of contingent consideration, and the valuation of stock-based awards. The Company bases its estimates on historical experience, known trends and other market-specific or other relevant factors that it believes to be reasonable under the circumstances. Due to the impact of inflation and changes in interest rates, there has been uncertainty and disruption in the global economy and financial markets. The Company is not aware of any specific event or circumstance that would require further updates to its estimates or judgments or a revision of the carrying value of its assets or liabilities as of the date of issuance of these condensed consolidated financial statements. These estimates may change, as new events occur and additional information is obtained. On an ongoing basis, management evaluates its estimates as there are changes in circumstances, facts and experience. Changes in estimates are recorded in the period in which they become known. Actual results may differ from those estimates or assumptions.</p>
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:italic;font-weight:bold;margin:0pt 0pt 12pt 0pt;">Risk of Concentrations of Credit, Significant Customers and Significant Suppliers</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt 0pt 12pt 0pt;">Financial instruments that potentially expose the Company to concentrations of credit risk consist primarily of cash and cash equivalents, marketable securities, and accounts receivable. The Company’s cash and cash equivalents and restricted cash are maintained in bank deposit accounts and money market funds that regularly exceed federally insured limits. The Company is exposed to credit risk on its cash, cash equivalents and restricted cash in the event of default by the financial institutions to the extent account balances exceed the amount insured by the Federal Deposit Insurance Corporation (“FDIC”). The Company’s marketable securities are invested in U.S. treasury securities and as a result, the Company believes represent minimal credit risk.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;">Significant customers are those that accounted for 10% or more of the Company’s total revenue or accounts receivable. For the three months ended June 30, 2024, no customer represented 10% or more of total revenue. For the comparable three months ended June 30, 2023, three customers represented 13%, 12% and 10% of total revenue, respectively. For the six months ended June 30, 2024, one customer represented 10% of total revenue, respectively. For the comparable six months ended June </p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 12pt 0pt;">30, 2023, one customer represented 14% of total revenue. As of June 30, 2024, one customer accounted for 14% of gross accounts receivable. As of December 31, 2023, one customer accounted for 19% of gross accounts receivable. </p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt 0pt 12pt 0pt;">Certain of the components included in the Company’s products are obtained from a sole source, a single source or a limited group of suppliers. Although the Company seeks to reduce dependence on those limited sources of suppliers and manufacturers, the partial or complete loss of certain of these sources, or the requirement to establish a new supplier for the components, could have a material adverse effect on the Company’s operating results, financial condition and cash flows and damage its customer relationships.</p>
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:italic;font-weight:bold;margin:0pt 0pt 12pt 0pt;">Risk of Concentrations of Credit, Significant Customers and Significant Suppliers</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt 0pt 12pt 0pt;">Financial instruments that potentially expose the Company to concentrations of credit risk consist primarily of cash and cash equivalents, marketable securities, and accounts receivable. The Company’s cash and cash equivalents and restricted cash are maintained in bank deposit accounts and money market funds that regularly exceed federally insured limits. The Company is exposed to credit risk on its cash, cash equivalents and restricted cash in the event of default by the financial institutions to the extent account balances exceed the amount insured by the Federal Deposit Insurance Corporation (“FDIC”). The Company’s marketable securities are invested in U.S. treasury securities and as a result, the Company believes represent minimal credit risk.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;">Significant customers are those that accounted for 10% or more of the Company’s total revenue or accounts receivable. For the three months ended June 30, 2024, no customer represented 10% or more of total revenue. For the comparable three months ended June 30, 2023, three customers represented 13%, 12% and 10% of total revenue, respectively. For the six months ended June 30, 2024, one customer represented 10% of total revenue, respectively. For the comparable six months ended June </p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 12pt 0pt;">30, 2023, one customer represented 14% of total revenue. As of June 30, 2024, one customer accounted for 14% of gross accounts receivable. As of December 31, 2023, one customer accounted for 19% of gross accounts receivable. </p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt 0pt 12pt 0pt;">Certain of the components included in the Company’s products are obtained from a sole source, a single source or a limited group of suppliers. Although the Company seeks to reduce dependence on those limited sources of suppliers and manufacturers, the partial or complete loss of certain of these sources, or the requirement to establish a new supplier for the components, could have a material adverse effect on the Company’s operating results, financial condition and cash flows and damage its customer relationships.</p>
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us-gaap Provision For Doubtful Accounts
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us-gaap Provision For Doubtful Accounts
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us-gaap Provision For Doubtful Accounts
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us-gaap Provision For Doubtful Accounts
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CY2024Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
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CY2024Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
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us-gaap Debt Securities Available For Sale Allowance For Credit Loss Writeoff
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us-gaap Debt Securities Available For Sale Allowance For Credit Loss Writeoff
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RevenueFromContractWithCustomerExcludingAssessedTax
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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RevenueFromContractWithCustomerExcludingAssessedTax
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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mass Acquisition Date Fair Value Of Contingent Consideration Earnout
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us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Settlements
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mass Acquisition Date Fair Value Of Contingent Consideration Earnout
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us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Settlements
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InventoryNet
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Goodwill
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Goodwill
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Goodwill
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us-gaap Goodwill Acquired During Period
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Goodwill
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Goodwill
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Goodwill
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Goodwill
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us-gaap Amortization Of Intangible Assets
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us-gaap Amortization Of Intangible Assets
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CY2023Q4 us-gaap Accrued Liabilities Current
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CY2023Q4 us-gaap Standard Product Warranty Accrual
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us-gaap Standard Product Warranty Accrual Warranties Issued
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us-gaap Standard Product Warranty Accrual Warranties Issued
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us-gaap Standard Product Warranty Accrual Payments
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us-gaap Standard Product Warranty Accrual Payments
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CY2023Q4 us-gaap Accrued Liabilities Current
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CY2023Q4 us-gaap Standard Product Warranty Accrual
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CY2022Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
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us-gaap Standard Product Warranty Accrual Warranties Issued
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539000
us-gaap Standard Product Warranty Accrual Warranties Issued
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us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
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us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
606000
CY2024Q2 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
847000
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StandardProductWarrantyAccrual
854000
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PreferredStockSharesAuthorized
5000000
CY2024Q2 mass Number Of Vote For Each Share Of Common Stock
NumberOfVoteForEachShareOfCommonStock
1
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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5732506
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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4513853
CY2024Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3096000
CY2023Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2578000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
5739000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
4744000
CY2024Q2 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
847000
CY2023Q2 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
854000
CY2024Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000
CY2024Q2 mass Number Of Vote For Each Share Of Common Stock
NumberOfVoteForEachShareOfCommonStock
1
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
5732506
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
4513853
CY2024Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3096000
CY2023Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2578000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
5739000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
4744000
CY2024Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
584000
CY2023Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
485000
us-gaap Operating Lease Cost
OperatingLeaseCost
1185000
us-gaap Operating Lease Cost
OperatingLeaseCost
969000
CY2024Q2 us-gaap Short Term Lease Cost
ShortTermLeaseCost
31000
CY2023Q2 us-gaap Short Term Lease Cost
ShortTermLeaseCost
16000
us-gaap Short Term Lease Cost
ShortTermLeaseCost
51000
CY2024Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
584000
CY2023Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
485000
us-gaap Operating Lease Cost
OperatingLeaseCost
1185000
us-gaap Operating Lease Cost
OperatingLeaseCost
969000
CY2024Q2 us-gaap Short Term Lease Cost
ShortTermLeaseCost
31000
CY2023Q2 us-gaap Short Term Lease Cost
ShortTermLeaseCost
16000
us-gaap Short Term Lease Cost
ShortTermLeaseCost
51000
us-gaap Short Term Lease Cost
ShortTermLeaseCost
32000
CY2024Q2 us-gaap Variable Lease Cost
VariableLeaseCost
42000
CY2023Q2 us-gaap Variable Lease Cost
VariableLeaseCost
27000
us-gaap Variable Lease Cost
VariableLeaseCost
77000
us-gaap Variable Lease Cost
VariableLeaseCost
54000
CY2024Q2 us-gaap Lease Cost
LeaseCost
657000
CY2023Q2 us-gaap Lease Cost
LeaseCost
528000
us-gaap Lease Cost
LeaseCost
1313000
us-gaap Lease Cost
LeaseCost
1055000
us-gaap Operating Lease Payments
OperatingLeasePayments
1219000
us-gaap Operating Lease Payments
OperatingLeasePayments
961000
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
644000
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
3014000
CY2024Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y5M15D
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y11M15D
CY2024Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.082
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.084
us-gaap Short Term Lease Cost
ShortTermLeaseCost
32000
CY2024Q2 us-gaap Variable Lease Cost
VariableLeaseCost
42000
CY2023Q2 us-gaap Variable Lease Cost
VariableLeaseCost
27000
us-gaap Variable Lease Cost
VariableLeaseCost
77000
us-gaap Variable Lease Cost
VariableLeaseCost
54000
CY2024Q2 us-gaap Lease Cost
LeaseCost
657000
CY2023Q2 us-gaap Lease Cost
LeaseCost
528000
us-gaap Lease Cost
LeaseCost
1313000
us-gaap Lease Cost
LeaseCost
1055000
us-gaap Operating Lease Payments
OperatingLeasePayments
1219000
us-gaap Operating Lease Payments
OperatingLeasePayments
961000
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
644000
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
3014000
CY2024Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y5M15D
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y11M15D
CY2024Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.082
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.084
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
1256000
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
2071000
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
650000
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
675000
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
608000
CY2024Q2 mass Lessee Operating Lease Liability Payments Due After Year Four
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour
1446000
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
6706000
CY2024Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
1114000
CY2024Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
5592000
CY2024Q2 mass Number Of Parties With Royalty Arrangements
NumberOfPartiesWithRoyaltyArrangements
2
CY2021Q4 us-gaap Defined Contribution Plan Employer Matching Contribution Percent Of Match
DefinedContributionPlanEmployerMatchingContributionPercentOfMatch
1
CY2021Q4 us-gaap Defined Contribution Plan Employer Matching Contribution Percent
DefinedContributionPlanEmployerMatchingContributionPercent
0.03
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
1256000
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
2071000
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
650000
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
675000
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
608000
CY2024Q2 mass Lessee Operating Lease Liability Payments Due After Year Four
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour
1446000
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
6706000
CY2024Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
1114000
CY2024Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
5592000
CY2024Q2 mass Number Of Parties With Royalty Arrangements
NumberOfPartiesWithRoyaltyArrangements
2
CY2021Q4 us-gaap Defined Contribution Plan Employer Matching Contribution Percent Of Match
DefinedContributionPlanEmployerMatchingContributionPercentOfMatch
1
CY2021Q4 us-gaap Defined Contribution Plan Employer Matching Contribution Percent
DefinedContributionPlanEmployerMatchingContributionPercent
0.03
CY2021Q4 mass Defined Contribution Plan Employer Matching Contribution Annual Maximum Per Employee
DefinedContributionPlanEmployerMatchingContributionAnnualMaximumPerEmployee
3500
us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
400000
us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
300000
CY2023Q4 mass Accumulated Accretion And Relative Contingent Consideration
AccumulatedAccretionAndRelativeContingentConsideration
0
us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
300000
CY2023Q4 mass Accumulated Accretion And Relative Contingent Consideration
AccumulatedAccretionAndRelativeContingentConsideration
0
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1
CY2024Q2 us-gaap Noncurrent Assets
NoncurrentAssets
9460000
CY2023Q4 us-gaap Noncurrent Assets
NoncurrentAssets
9575000
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1
CY2024Q2 us-gaap Noncurrent Assets
NoncurrentAssets
9460000
CY2023Q4 us-gaap Noncurrent Assets
NoncurrentAssets
9575000

Files In Submission

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mass-20240630_def.xml Edgar Link unprocessable
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0001558370-24-010969-index.html Edgar Link pending
0001558370-24-010969.txt Edgar Link pending
0001558370-24-010969-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
mass-20240630.xsd Edgar Link pending
mass-20240630x10q.htm Edgar Link pending
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mass-20240630_lab.xml Edgar Link unprocessable