Superior Drilling Products, Inc.

$ Overview Financials Valuation SEC Filings Company Website

2023 Q1 Form 10-K Financial Statement

#000149315223007804 Filed on March 16, 2023

Income Statement

Concept	2023 Q1	2022 Q4	2022

Balance Sheet

Concept	2023 Q1	2022 Q4	2022
SHORT-TERM ASSETS
Cash & Short-Term Investments	$1.956M	$2.158M	$2.158M
YoY Change	-31.47%	-23.53%	-23.53%
Cash & Equivalents	$1.956M	$2.158M
Short-Term Investments
Other Short-Term Assets	$152.2K	$140.2K	$508.1K
YoY Change	-49.97%	154.24%	3.53%
Inventory	$2.249M	$2.081M	$2.081M
Prepaid Expenses	$356.7K	$367.8K
Receivables	$3.960M	$3.241M	$3.241M
Other Receivables	$0.00	$0.00	$0.00
Total Short-Term Assets	$8.673M	$8.205M	$7.989M
YoY Change	18.19%	11.48%	8.55%
LONG-TERM ASSETS
Property, Plant & Equipment	$10.24M	$8.577M	$9.215M
YoY Change	36.56%	23.76%	32.57%
Goodwill
YoY Change
Intangibles	$27.78K	$69.44K
YoY Change		-70.59%
Long-Term Investments
YoY Change
Other Assets	$112.6K	$111.5K	$327.5K
YoY Change	70.95%	69.28%	397.15%
Total Long-Term Assets	$10.99M	$9.396M	$9.612M
YoY Change	41.6%	29.55%	32.53%
TOTAL ASSETS
Total Short-Term Assets	$8.673M	$8.205M	$7.989M
Total Long-Term Assets	$10.99M	$9.396M	$9.612M
Total Assets	$19.66M	$17.60M	$17.60M
YoY Change	30.22%	20.45%	20.45%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$1.664M	$1.044M	$1.044M
YoY Change	33.68%	-8.38%	-8.38%
Accrued Expenses	$782.1K	$891.8K	$936.1K
YoY Change	25.82%	90.77%	94.54%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due	$1.158M	$1.126M	$1.201M
YoY Change	-46.99%	-48.73%	-46.91%
Total Short-Term Liabilities	$4.159M	$3.748M	$3.748M
YoY Change	-2.46%	-8.33%	-8.33%
LONG-TERM LIABILITIES
Long-Term Debt	$489.3K	$529.5K	$4.568M
YoY Change	-88.67%	106.29%	4.54%
Other Long-Term Liabilities	$1.168M	$1.198M	$1.198M
YoY Change	15882.22%	17523.24%	17523.24%
Total Long-Term Liabilities	$489.3K	$529.5K	$5.766M
YoY Change	-88.69%	106.29%	31.76%
TOTAL LIABILITIES
Total Short-Term Liabilities	$4.159M	$3.748M	$3.748M
Total Long-Term Liabilities	$489.3K	$529.5K	$5.766M
Total Liabilities	$9.834M	$9.514M	$9.514M
YoY Change	14.48%	12.4%	12.4%
SHAREHOLDERS EQUITY
Retained Earnings	-$34.37M	-$35.89M
YoY Change		-2.88%
Common Stock	$44.20M	$43.97M
YoY Change		2.03%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$9.827M	$8.087M	$8.087M
YoY Change
Total Liabilities & Shareholders Equity	$19.66M	$17.60M	$17.60M
YoY Change	30.22%	20.45%	20.45%

Cashflow Statement

Concept	2023 Q1	2022 Q4	2022

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2021	us-gaap	Impairment Of Long Lived Assets To Be Disposed Of ImpairmentOfLongLivedAssetsToBeDisposedOf		usd
CY2022	dei	Entity Central Index Key EntityCentralIndexKey	0001600422
CY2022	dei	Amendment Flag AmendmentFlag	false
CY2022	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	FY
CY2021Q4	us-gaap	Assets Held For Sale Not Part Of Disposal Group Current AssetsHeldForSaleNotPartOfDisposalGroupCurrent		usd
CY2021Q4	us-gaap	Other Liabilities Current OtherLiabilitiesCurrent		usd
CY2021Q4	us-gaap	Deferred Income Noncurrent DeferredIncomeNoncurrent		usd
CY2022	SDPI	Recovery Of Related Party Note Receivable RecoveryOfRelatedPartyNoteReceivable		usd
CY2021	us-gaap	Impairment Of Long Lived Assets To Be Disposed Of ImpairmentOfLongLivedAssetsToBeDisposedOf		usd
CY2022	us-gaap	Gain Loss On Disposition Of Assets1 GainLossOnDispositionOfAssets1		usd
CY2021	us-gaap	Operating Lease Right Of Use Asset Amortization Expense OperatingLeaseRightOfUseAssetAmortizationExpense		usd
CY2022	us-gaap	Gain Loss On Disposition Of Assets1 GainLossOnDispositionOfAssets1		usd
CY2021	us-gaap	Increase Decrease In Other Current Liabilities IncreaseDecreaseInOtherCurrentLiabilities		usd
CY2021	us-gaap	Increase Decrease In Loans Deferred Income IncreaseDecreaseInLoansDeferredIncome		usd
CY2022	us-gaap	Proceeds From Sale Of Property Plant And Equipment ProceedsFromSaleOfPropertyPlantAndEquipment		usd
CY2021	us-gaap	Proceeds From Issuance Of Debt ProceedsFromIssuanceOfDebt		usd
CY2022	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock		usd
CY2022	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet		usd
CY2021	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet		usd
CY2021	SDPI	Noncash Item Related To Deferred Income NoncashItemRelatedToDeferredIncome		usd
CY2021	us-gaap	Right Of Use Asset Obtained In Exchange For Operating Lease Liability RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability		usd
CY2022Q4	us-gaap	Lessee Operating Lease Liability Payments Due After Year Five LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive		usd
CY2022	us-gaap	Current Federal Tax Expense Benefit CurrentFederalTaxExpenseBenefit		usd
CY2021	us-gaap	Current Federal Tax Expense Benefit CurrentFederalTaxExpenseBenefit		usd
CY2021Q4	SDPI	Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities Non Current DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilitiesNonCurrent		usd
CY2021Q4	SDPI	Grant Income GrantIncome		usd
CY2022Q4	us-gaap	Deferred Tax Assets Net DeferredTaxAssetsNet		usd
CY2021Q4	us-gaap	Deferred Tax Assets Net DeferredTaxAssetsNet		usd
CY2022	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate		pure
CY2021	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate		pure
CY2021	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment		shares
CY2022	dei	Document Type DocumentType	10-K
CY2022	dei	Document Annual Report DocumentAnnualReport	true
CY2022	dei	Document Period End Date DocumentPeriodEndDate	2022-12-31
CY2022	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2022	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2022
CY2022	dei	Document Transition Report DocumentTransitionReport	false
CY2022	dei	Entity File Number EntityFileNumber	001-36453
CY2022	dei	Entity Registrant Name EntityRegistrantName	SUPERIOR DRILLING PRODUCTS, INC.
CY2022	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	UT
CY2022	dei	Entity Tax Identification Number EntityTaxIdentificationNumber	46-4341605
CY2022	dei	Entity Address Address Line1 EntityAddressAddressLine1	1583 South 1700 East
CY2022	dei	Entity Address City Or Town EntityAddressCityOrTown	Vernal
CY2022	dei	Entity Address State Or Province EntityAddressStateOrProvince	UT
CY2022	dei	Entity Address Postal Zip Code EntityAddressPostalZipCode	84078
CY2022	dei	City Area Code CityAreaCode	435
CY2022	dei	Local Phone Number LocalPhoneNumber	789-0594
CY2022	dei	Security12b Title Security12bTitle	Common Stock, $0.001 par value
CY2022	dei	Trading Symbol TradingSymbol	SDPI
CY2022	dei	Security Exchange Name SecurityExchangeName	NYSE
CY2022	dei	Entity Well Known Seasoned Issuer EntityWellKnownSeasonedIssuer	No
CY2022	dei	Entity Voluntary Filers EntityVoluntaryFilers	No
CY2022	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2022	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
CY2022	dei	Entity Filer Category EntityFilerCategory	Non-accelerated Filer
CY2022	dei	Entity Small Business EntitySmallBusiness	true
CY2022	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	false
CY2022	dei	Entity Shell Company EntityShellCompany	false
CY2022	dei	Icfr Auditor Attestation Flag IcfrAuditorAttestationFlag	false
CY2022Q2	dei	Entity Public Float EntityPublicFloat	10948000	usd
CY2023Q1	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	29245080	shares
CY2022	dei	Auditor Firm AuditorFirmId	659
CY2022	dei	Auditor Name AuditorName	Moss Adams LLP
CY2022	dei	Auditor Location AuditorLocation	Dallas, Texas
CY2022Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	2158025	usd
CY2021Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	2822100	usd
CY2022Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	3241221	usd
CY2021Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	2871932	usd
CY2022Q4	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	367823	usd
CY2021Q4	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	435595	usd
CY2022Q4	us-gaap	Inventory Net InventoryNet	2081260	usd
CY2021Q4	us-gaap	Inventory Net InventoryNet	1174635	usd
CY2022Q4	us-gaap	Assets Held For Sale Not Part Of Disposal Group Current AssetsHeldForSaleNotPartOfDisposalGroupCurrent	216000	usd
CY2022Q4	us-gaap	Other Assets Current OtherAssetsCurrent	140238	usd
CY2021Q4	us-gaap	Other Assets Current OtherAssetsCurrent	55159	usd
CY2022Q4	us-gaap	Assets Current AssetsCurrent	8204567	usd
CY2021Q4	us-gaap	Assets Current AssetsCurrent	7359421	usd
CY2022Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	8576851	usd
CY2021Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	6930329	usd
CY2022Q4	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	69444	usd
CY2021Q4	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	236111	usd
CY2022Q4	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	638102	usd
CY2021Q4	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	20518	usd
CY2022Q4	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	111519	usd
CY2021Q4	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	65880	usd
CY2022Q4	us-gaap	Assets Assets	17600483	usd
CY2021Q4	us-gaap	Assets Assets	14612259	usd
CY2022Q4	us-gaap	Accounts Payable Current AccountsPayableCurrent	1043581	usd
CY2021Q4	us-gaap	Accounts Payable Current AccountsPayableCurrent	1139091	usd
CY2022Q4	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	891793	usd
CY2021Q4	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	467462	usd
CY2022Q4	us-gaap	Taxes Payable Current TaxesPayableCurrent	351618	usd
CY2021Q4	us-gaap	Taxes Payable Current TaxesPayableCurrent	206490	usd
CY2022Q4	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	44273	usd
CY2021Q4	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	13716	usd
CY2022Q4	us-gaap	Finance Lease Liability Current FinanceLeaseLiabilityCurrent	74636	usd
CY2021Q4	us-gaap	Finance Lease Liability Current FinanceLeaseLiabilityCurrent	65678	usd
CY2022Q4	us-gaap	Long Term Debt Current LongTermDebtCurrent	1125864	usd
CY2021Q4	us-gaap	Long Term Debt Current LongTermDebtCurrent	2195759	usd
CY2022Q4	us-gaap	Other Liabilities Current OtherLiabilitiesCurrent	216000	usd
CY2022Q4	us-gaap	Liabilities Current LiabilitiesCurrent	3747765	usd
CY2021Q4	us-gaap	Liabilities Current LiabilitiesCurrent	4088196	usd
CY2022Q4	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	523375	usd
CY2021Q4	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	6802	usd
CY2022Q4	us-gaap	Finance Lease Liability Noncurrent FinanceLeaseLiabilityNoncurrent	4038022	usd
CY2021Q4	us-gaap	Finance Lease Liability Noncurrent FinanceLeaseLiabilityNoncurrent	4112658	usd
CY2022Q4	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	529499	usd
CY2021Q4	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	256675	usd
CY2022Q4	us-gaap	Deferred Income Noncurrent DeferredIncomeNoncurrent	675000	usd
CY2022Q4	us-gaap	Liabilities Liabilities	9513661	usd
CY2021Q4	us-gaap	Liabilities Liabilities	8464331	usd
CY2022Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.001
CY2021Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.001
CY2022Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	100000000	shares
CY2021Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	100000000	shares
CY2022Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	29245080	shares
CY2022Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	29245080	shares
CY2021Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	28235001	shares
CY2021Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	28235001	shares
CY2022Q4	us-gaap	Common Stock Value CommonStockValue	29245	usd
CY2021Q4	us-gaap	Common Stock Value CommonStockValue	28235	usd
CY2022Q4	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	43943928	usd
CY2021Q4	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	43071201	usd
CY2022Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-35886351	usd
CY2021Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-36951508	usd
CY2022Q4	us-gaap	Stockholders Equity StockholdersEquity	8086822	usd
CY2021Q4	us-gaap	Stockholders Equity StockholdersEquity	6147928	usd
CY2022Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	17600483	usd
CY2021Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	14612259	usd
CY2022	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	19097687	usd
CY2021	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	13336149	usd
CY2022	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	8330877	usd
CY2021	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	5618844	usd
CY2022	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	7326384	usd
CY2021	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	6200522	usd
CY2022	us-gaap	Depreciation And Amortization DepreciationAndAmortization	1503976	usd
CY2021	us-gaap	Depreciation And Amortization DepreciationAndAmortization	2103534	usd
CY2022	us-gaap	Operating Costs And Expenses OperatingCostsAndExpenses	17161237	usd
CY2021	us-gaap	Operating Costs And Expenses OperatingCostsAndExpenses	13922900	usd
CY2022	us-gaap	Operating Income Loss OperatingIncomeLoss	1936450	usd
CY2021	us-gaap	Operating Income Loss OperatingIncomeLoss	-586751	usd
CY2022	us-gaap	Investment Income Interest InvestmentIncomeInterest	26675	usd
CY2021	us-gaap	Investment Income Interest InvestmentIncomeInterest	228	usd
CY2022	us-gaap	Interest Expense InterestExpense	572624	usd
CY2021	us-gaap	Interest Expense InterestExpense	539390	usd
CY2021	SDPI	Recovery Of Related Party Note Receivable RecoveryOfRelatedPartyNoteReceivable	707112	usd
CY2022	us-gaap	Impairment Of Long Lived Assets To Be Disposed Of ImpairmentOfLongLivedAssetsToBeDisposedOf	130375	usd
CY2021	us-gaap	Gain Loss On Disposition Of Assets1 GainLossOnDispositionOfAssets1	-249	usd
CY2022	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-676324	usd
CY2021	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	167701	usd
CY2022	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	1260126	usd
CY2021	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-419050	usd
CY2022	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	194969	usd
CY2021	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	110751	usd
CY2022	us-gaap	Net Income Loss NetIncomeLoss	1065157	usd
CY2021	us-gaap	Net Income Loss NetIncomeLoss	-529801	usd
CY2022	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.04
CY2021	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.02
CY2022	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	28643464	shares
CY2021	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	26391538	shares
CY2022	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.04
CY2021	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.02
CY2022	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	28675100	shares
CY2021	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	26391538	shares
CY2020Q4	us-gaap	Stockholders Equity StockholdersEquity	4223675	usd
CY2021	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	756743	usd
CY2021	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	1697311	usd
CY2021	us-gaap	Net Income Loss NetIncomeLoss	-529801	usd
CY2021Q4	us-gaap	Stockholders Equity StockholdersEquity	6147928	usd
CY2021Q4	us-gaap	Stockholders Equity StockholdersEquity	6147928	usd
CY2022	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	873737	usd
CY2022	us-gaap	Net Income Loss NetIncomeLoss	1065157	usd
CY2022	us-gaap	Net Income Loss NetIncomeLoss	1065157	usd
CY2022Q4	us-gaap	Stockholders Equity StockholdersEquity	8086822	usd
CY2022Q4	us-gaap	Stockholders Equity StockholdersEquity	8086822	usd
CY2022	us-gaap	Net Income Loss NetIncomeLoss	1065157	usd
CY2021	us-gaap	Net Income Loss NetIncomeLoss	-529801	usd
CY2022	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	1503976	usd
CY2021	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	2103534	usd
CY2022	us-gaap	Operating Lease Right Of Use Asset Amortization Expense OperatingLeaseRightOfUseAssetAmortizationExpense	131093	usd
CY2022	us-gaap	Share Based Compensation ShareBasedCompensation	873737	usd
CY2021	us-gaap	Share Based Compensation ShareBasedCompensation	756743	usd
CY2022	us-gaap	Impairment Of Long Lived Assets To Be Disposed Of ImpairmentOfLongLivedAssetsToBeDisposedOf	130375	usd
CY2021	us-gaap	Gain Loss On Disposition Of Assets1 GainLossOnDispositionOfAssets1	-249	usd
CY2022	us-gaap	Amortization Of Deferred Loan Origination Fees Net AmortizationOfDeferredLoanOriginationFeesNet	-18524	usd
CY2021	us-gaap	Amortization Of Deferred Loan Origination Fees Net AmortizationOfDeferredLoanOriginationFeesNet	-18522	usd
CY2022	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	369289	usd
CY2021	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	1526310	usd
CY2022	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	906625	usd
CY2021	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	143590	usd
CY2022	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	62946	usd
CY2021	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	338255	usd
CY2022	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	127274	usd
CY2021	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	85020	usd
CY2022	us-gaap	Increase Decrease In Accrued Income Taxes Payable IncreaseDecreaseInAccruedIncomeTaxesPayable	145128	usd
CY2021	us-gaap	Increase Decrease In Accrued Income Taxes Payable IncreaseDecreaseInAccruedIncomeTaxesPayable	100044	usd
CY2022	us-gaap	Increase Decrease In Other Current Liabilities IncreaseDecreaseInOtherCurrentLiabilities	216000	usd
CY2022	us-gaap	Increase Decrease In Loans Deferred Income IncreaseDecreaseInLoansDeferredIncome	-675000	usd
CY2022	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	3547404	usd
CY2021	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	526156	usd
CY2022	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	3330206	usd
CY2021	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	936718	usd
CY2021	us-gaap	Proceeds From Sale Of Property Plant And Equipment ProceedsFromSaleOfPropertyPlantAndEquipment	50000	usd
CY2022	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-3330206	usd
CY2021	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-886718	usd
CY2022	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	1694730	usd
CY2021	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	1277730	usd
CY2022	us-gaap	Proceeds From Issuance Of Debt ProceedsFromIssuanceOfDebt	997134	usd
CY2022	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	817113	usd
CY2021	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	895787	usd
CY2022	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	633436	usd
CY2021	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	1697427	usd
CY2021	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	1697311	usd
CY2022	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-881273	usd
CY2021	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	1221221	usd
CY2022	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-664075	usd
CY2021	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	860659	usd
CY2021Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	2822100	usd
CY2020Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	1961441	usd
CY2022Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	2158025	usd
CY2021Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	2822100	usd
CY2022	us-gaap	Interest Paid Net InterestPaidNet	566336	usd
CY2021	us-gaap	Interest Paid Net InterestPaidNet	530898	usd
CY2022	SDPI	Noncash Item Related To Deferred Income NoncashItemRelatedToDeferredIncome	675000	usd
CY2022	us-gaap	Right Of Use Asset Obtained In Exchange For Operating Lease Liability RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability	749718	usd
CY2021Q4	SDPI	Deferred Tax Assets Allowances DeferredTaxAssetsAllowances	1632266	usd
CY2022Q4	SDPI	Deferred Tax Assets Saleleaseback Lease Liability DeferredTaxAssetsSaleleasebackLeaseLiability	919766	usd
CY2021Q4	SDPI	Deferred Tax Assets Saleleaseback Lease Liability DeferredTaxAssetsSaleleasebackLeaseLiability	1010467	usd
CY2022	us-gaap	Use Of Estimates UseOfEstimates	<p id="xdx_84F_eus-gaap--UseOfEstimates_ziYRfL85LKVh" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_860_zKvK4i0dSbVe">Use of Estimates</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts in the financial statements and accompanying notes. Actual results could differ from those estimates. Significant items subject to estimates and assumptions include the carrying amount and useful lives of property and equipment and intangible assets, impairment assessments, share-based compensation expense, and valuation allowances for accounts receivable, inventories, and deferred tax assets.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2022Q4	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	0	usd
CY2021Q4	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	0	usd
CY2020Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	1345622	usd
CY2021Q4	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	14663889	usd
CY2022Q4	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	69444	usd
CY2021Q4	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	236111	usd
CY2022	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	166667	usd
CY2021	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	583333	usd
CY2022Q4	SDPI	Grant Income GrantIncome	150964	usd
CY2022Q4	us-gaap	Deferred Tax Assets Other DeferredTaxAssetsOther	20512	usd
CY2022	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	436000	usd
CY2021	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	487000	usd
CY2022Q4	us-gaap	Deferred Finance Costs Net DeferredFinanceCostsNet	3087	usd
CY2021Q4	us-gaap	Deferred Finance Costs Net DeferredFinanceCostsNet	18522	usd
CY2022	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	194969	usd
CY2021	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	110751	usd
CY2022Q4	SDPI	Deferred Tax Assets Adjustments DeferredTaxAssetsAdjustments	23274	usd
CY2021Q4	SDPI	Deferred Tax Assets Adjustments DeferredTaxAssetsAdjustments	14204	usd
CY2022	us-gaap	Concentration Risk Credit Risk ConcentrationRiskCreditRisk	<p id="xdx_848_eus-gaap--ConcentrationRiskCreditRisk_zfgjBGEj6FIf" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_861_zLy5M0t4Qbg8">Concentrations of Credit Risk</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company has two significant customers that represent <span id="xdx_900_eus-gaap--ConcentrationRiskPercentage1_pid_dp_uPure_c20220101__20221231__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__srt--MajorCustomersAxis__custom--TwoCustomersMember_zv3m3R6OUkVl" title="Concentration risk percentage">88</span>% and <span id="xdx_90D_eus-gaap--ConcentrationRiskPercentage1_pid_dp_uPure_c20210101__20211231__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__srt--MajorCustomersAxis__custom--TwoCustomersMember_zFjBbd9YLcA3" title="Concentration risk percentage">87</span>% of our revenue for our North America segment for the years ended December 31, 2022 and 2021, respectively. These customers had approximately $<span id="xdx_90B_eus-gaap--AccountsReceivableNet_iI_pp0p0_c20221231_zjdlgLfouZxd" title="Accounts receivable">1,751,000</span> and $<span id="xdx_90B_eus-gaap--AccountsReceivableNet_iI_pp0p0_c20211231_zUTklkc6bZQl" title="Accounts receivable">1,910,000</span> in accounts receivable at December 31, 2022 and 2021, respectively.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company had two significant vendors that represent <span id="xdx_90A_eus-gaap--ConcentrationRiskPercentage1_pid_dp_uPure_c20220101__20221231__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--SupplierConcentrationRiskMember__us-gaap--ConcentrationRiskByBenchmarkAxis__custom--PurchasesMember__us-gaap--ShareBasedGoodsAndNonemployeeServicesTransactionBySupplierAxis__custom--TwoVendorMember_zC4tU5fv6Oo9" title="Concentration risk percentage">12</span>% of our purchases and had approximately $<span id="xdx_90B_eus-gaap--AccountsPayableCurrentAndNoncurrent_iI_c20221231__us-gaap--ShareBasedGoodsAndNonemployeeServicesTransactionBySupplierAxis__custom--TwoVendorMember_z5ywStWadJMj" title="Accounts Payable, Current">74,400</span> in accounts payable at December 31, 2022. The Company had two significant vendors that represented <span id="xdx_90F_eus-gaap--ConcentrationRiskPercentage1_pid_dp_uPure_c20210101__20211231__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--SupplierConcentrationRiskMember__us-gaap--ConcentrationRiskByBenchmarkAxis__custom--PurchasesMember__us-gaap--ShareBasedGoodsAndNonemployeeServicesTransactionBySupplierAxis__custom--TwoVendorMember_zq823yES2ZNd" title="Concentration risk percentage">13</span>% of its purchases and had approximately $<span id="xdx_903_eus-gaap--AccountsPayableCurrentAndNoncurrent_iI_c20211231__us-gaap--ShareBasedGoodsAndNonemployeeServicesTransactionBySupplierAxis__custom--OneVendorMember_zXImDsKcTq0f" title="Accounts payable">136,000</span> in accounts payable at December 31, 2021.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"/></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"/><p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><b>SUPERIOR DRILLING PRODUCTS, INC.</b></p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><b>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2022Q4	us-gaap	Accounts Receivable Net AccountsReceivableNet	1751000	usd
CY2021Q4	us-gaap	Accounts Receivable Net AccountsReceivableNet	1910000	usd
CY2022Q4	us-gaap	Deferred Income DeferredIncome	675000	usd
CY2022Q4	us-gaap	Deferred Income DeferredIncome	675000	usd
CY2022Q4	SDPI	Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities Non Current DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilitiesNonCurrent	140900	usd
CY2022Q4	SDPI	Deferred Tax Assets Prepaid Expenses DeferredTaxAssetsPrepaidExpenses	-54589	usd
CY2021Q4	SDPI	Deferred Tax Assets Prepaid Expenses DeferredTaxAssetsPrepaidExpenses	-27498	usd
CY2022	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	19097687	usd
CY2021	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	13336149	usd
CY2022Q4	us-gaap	Inventory Raw Materials InventoryRawMaterials	1334669	usd
CY2021Q4	us-gaap	Inventory Raw Materials InventoryRawMaterials	769547	usd
CY2022Q4	us-gaap	Inventory Work In Process InventoryWorkInProcess	168214	usd
CY2021Q4	us-gaap	Inventory Work In Process InventoryWorkInProcess	65945	usd
CY2022Q4	us-gaap	Inventory Finished Goods InventoryFinishedGoods	578377	usd
CY2021Q4	us-gaap	Inventory Finished Goods InventoryFinishedGoods	339143	usd
CY2022Q4	us-gaap	Inventory Net InventoryNet	2081260	usd
CY2021Q4	us-gaap	Inventory Net InventoryNet	1174635	usd
CY2022Q4	us-gaap	Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost	180753	usd
CY2021Q4	us-gaap	Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost	159315	usd
CY2022Q4	SDPI	Deferred Tax Assets Stock Option DeferredTaxAssetsStockOption	69306	usd
CY2021Q4	SDPI	Deferred Tax Assets Stock Option DeferredTaxAssetsStockOption	71251	usd
CY2022Q4	us-gaap	Deferred Tax Assets Goodwill And Intangible Assets DeferredTaxAssetsGoodwillAndIntangibleAssets	2246861	usd
CY2021Q4	us-gaap	Deferred Tax Assets Goodwill And Intangible Assets DeferredTaxAssetsGoodwillAndIntangibleAssets	2661090	usd
CY2022Q4	us-gaap	Deferred Tax Assets Operating Loss Carryforwards DeferredTaxAssetsOperatingLossCarryforwards	2509855	usd
CY2021Q4	us-gaap	Deferred Tax Assets Operating Loss Carryforwards DeferredTaxAssetsOperatingLossCarryforwards	3246413	usd
CY2022Q4	SDPI	Deferred Tax Assets Allowances DeferredTaxAssetsAllowances	1509508	usd
CY2022Q4	us-gaap	Land Land	880416	usd
CY2021Q4	us-gaap	Land Land	880416	usd
CY2022Q4	SDPI	Buildings Gross BuildingsGross	4764441	usd
CY2021Q4	SDPI	Buildings Gross BuildingsGross	4764441	usd
CY2022Q4	us-gaap	Leasehold Improvements Gross LeaseholdImprovementsGross	755039	usd
CY2021Q4	us-gaap	Leasehold Improvements Gross LeaseholdImprovementsGross	755039	usd
CY2022Q4	us-gaap	Machinery And Equipment Gross MachineryAndEquipmentGross	14546060	usd
CY2021Q4	us-gaap	Machinery And Equipment Gross MachineryAndEquipmentGross	12207497	usd
CY2022Q4	us-gaap	Furniture And Fixtures Gross FurnitureAndFixturesGross	628358	usd
CY2021Q4	us-gaap	Furniture And Fixtures Gross FurnitureAndFixturesGross	628358	usd
CY2022Q4	us-gaap	Property Plant And Equipment Other PropertyPlantAndEquipmentOther	265760	usd
CY2021Q4	us-gaap	Property Plant And Equipment Other PropertyPlantAndEquipmentOther	265760	usd
CY2022Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	21840074	usd
CY2021Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	19501511	usd
CY2022Q4	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	13263223	usd
CY2021Q4	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	12571182	usd
CY2022Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	8576851	usd
CY2021Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	6930329	usd
CY2022	us-gaap	Depreciation Depreciation	1337309	usd
CY2021	us-gaap	Depreciation Depreciation	1520201	usd
CY2022Q4	us-gaap	Finite Lived Intangible Assets Gross FiniteLivedIntangibleAssetsGross	14900000	usd
CY2021Q4	us-gaap	Finite Lived Intangible Assets Gross FiniteLivedIntangibleAssetsGross	14900000	usd
CY2022Q4	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	14830556	usd
CY2022	us-gaap	Operating Lease Expense OperatingLeaseExpense	140539	usd
CY2021	us-gaap	Operating Lease Expense OperatingLeaseExpense	7200	usd
CY2022Q4	us-gaap	Lessee Operating Lease Liability Payments Due Next Twelve Months LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths	173339	usd
CY2022Q4	us-gaap	Lessee Operating Lease Liability Payments Due Year Two LesseeOperatingLeaseLiabilityPaymentsDueYearTwo	243794	usd
CY2022Q4	us-gaap	Lessee Operating Lease Liability Payments Due Year Three LesseeOperatingLeaseLiabilityPaymentsDueYearThree	130454	usd
CY2022Q4	us-gaap	Lessee Operating Lease Liability Payments Due Year Four LesseeOperatingLeaseLiabilityPaymentsDueYearFour	60000	usd
CY2022Q4	us-gaap	Lessee Operating Lease Liability Payments Due Year Five LesseeOperatingLeaseLiabilityPaymentsDueYearFive	40000	usd
CY2022Q4	us-gaap	Lessee Operating Lease Liability Payments Due LesseeOperatingLeaseLiabilityPaymentsDue	647587	usd
CY2022Q4	us-gaap	Lessee Operating Lease Liability Undiscounted Excess Amount LesseeOperatingLeaseLiabilityUndiscountedExcessAmount	79939	usd
CY2022Q4	us-gaap	Operating Lease Liability OperatingLeaseLiability	567648	usd
CY2022	SDPI	Schedule Of Other Information Related To Operating Lease ScheduleOfOtherInformationRelatedToOperatingLease	<p id="xdx_892_ecustom--ScheduleOfOtherInformationRelatedToOperatingLease_zRRmR7fqZmrb" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Other information related to operating leases:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> <span style="text-transform: uppercase"><span id="xdx_8BB_ziDFtmaBoiS3" style="display: none">SCHEDULE OF OTHER INFORMATION RELATED TO OPERATING LEASE</span></span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="6" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Year Ended December 31,</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">2022</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">2021</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Cash paid for amounts included in the measurement of lease liabilities:</td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: right"> </td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: right"> </td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; width: 64%; text-align: left; padding-bottom: 2.5pt">Operating cash flows</td><td style="width: 2%; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; width: 1%; text-align: left">$</td><td id="xdx_98F_eus-gaap--OperatingLeasePayments_c20220101__20221231_zFARLgWOH4be" style="border-bottom: Black 2.5pt double; width: 14%; text-align: right" title="Operating cash flows">216,394</td><td style="width: 1%; padding-bottom: 2.5pt; text-align: left"> </td><td style="width: 2%; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; width: 1%; text-align: left">$</td><td id="xdx_98F_eus-gaap--OperatingLeasePayments_c20210101__20211231_zuRgV3QdswGb" style="border-bottom: Black 2.5pt double; width: 14%; text-align: right" title="Operating cash flows">48,621</td><td style="width: 1%; padding-bottom: 2.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 2.5pt">Weighted average remaining lease-term (in years)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td id="xdx_98C_eus-gaap--OperatingLeaseWeightedAverageRemainingLeaseTerm1_iI_dtY_c20221231_zzP46oUGBgWd" style="border-bottom: Black 2.5pt double; text-align: right" title="Weighted average remaining lease term">2.86</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td id="xdx_988_eus-gaap--OperatingLeaseWeightedAverageRemainingLeaseTerm1_iI_dtY_c20211231_zC6MKSLvCDoa" style="border-bottom: Black 2.5pt double; text-align: right" title="Weighted average remaining lease term">0.97</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 2.5pt">Weighted average discount rate</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right"><span id="xdx_903_eus-gaap--OperatingLeaseWeightedAverageDiscountRatePercent_iI_pid_dp_uPure_c20221231_zoEHwWMbJQBc" title="Weighted average discount rate">7.25</span></td><td style="padding-bottom: 2.5pt; text-align: left">%</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right"><span id="xdx_906_eus-gaap--OperatingLeaseWeightedAverageDiscountRatePercent_iI_pid_dp_uPure_c20211231_ziobvNAorrRa" title="Weighted average discount rate">7.25</span></td><td style="padding-bottom: 2.5pt; text-align: left">%</td></tr> </table>
CY2022	us-gaap	Operating Lease Payments OperatingLeasePayments	216394	usd
CY2021	us-gaap	Operating Lease Payments OperatingLeasePayments	48621	usd
CY2022Q4	us-gaap	Operating Lease Weighted Average Remaining Lease Term1 OperatingLeaseWeightedAverageRemainingLeaseTerm1	P2Y10M9D
CY2021Q4	us-gaap	Operating Lease Weighted Average Remaining Lease Term1 OperatingLeaseWeightedAverageRemainingLeaseTerm1	P0Y11M19D
CY2022Q4	us-gaap	Operating Lease Weighted Average Discount Rate Percent OperatingLeaseWeightedAverageDiscountRatePercent	0.0725	pure
CY2021Q4	us-gaap	Operating Lease Weighted Average Discount Rate Percent OperatingLeaseWeightedAverageDiscountRatePercent	0.0725	pure
CY2022Q4	us-gaap	Long Term Debt LongTermDebt	1655363	usd
CY2021Q4	us-gaap	Long Term Debt LongTermDebt	2452434	usd
CY2022Q4	us-gaap	Long Term Debt Current LongTermDebtCurrent	1125864	usd
CY2021Q4	us-gaap	Long Term Debt Current LongTermDebtCurrent	2195759	usd
CY2022Q4	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	529499	usd
CY2021Q4	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	256675	usd
CY2022Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal In Next Twelve Months LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths	1125864	usd
CY2022Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Two LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo	157260	usd
CY2022Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Three LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree	140156	usd
CY2022Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Four LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour	144225	usd
CY2022Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Five LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive	87858	usd
CY2022Q4	us-gaap	Long Term Debt LongTermDebt	1655363	usd
CY2022Q4	us-gaap	Finance Lease Liability FinanceLeaseLiability	4112658	usd
CY2021Q4	us-gaap	Finance Lease Liability FinanceLeaseLiability	4178336	usd
CY2022Q4	us-gaap	Finance Lease Liability Current FinanceLeaseLiabilityCurrent	74636	usd
CY2021Q4	us-gaap	Finance Lease Liability Current FinanceLeaseLiabilityCurrent	65678	usd
CY2022Q4	us-gaap	Finance Lease Liability Noncurrent FinanceLeaseLiabilityNoncurrent	4038022	usd
CY2021Q4	us-gaap	Finance Lease Liability Noncurrent FinanceLeaseLiabilityNoncurrent	4112658	usd
CY2022Q4	us-gaap	Finance Lease Liability Payments Due Next Twelve Months FinanceLeaseLiabilityPaymentsDueNextTwelveMonths	321130	usd
CY2022Q4	us-gaap	Finance Lease Liability Payments Due Year Two FinanceLeaseLiabilityPaymentsDueYearTwo	325947	usd
CY2022Q4	us-gaap	Finance Lease Liability Payments Due Year Three FinanceLeaseLiabilityPaymentsDueYearThree	330836	usd
CY2022Q4	us-gaap	Finance Lease Liability Payments Due Year Four FinanceLeaseLiabilityPaymentsDueYearFour	335799	usd
CY2022Q4	us-gaap	Finance Lease Liability Payments Due Year Five FinanceLeaseLiabilityPaymentsDueYearFive	340836	usd
CY2022Q4	us-gaap	Finance Lease Liability Payments Due After Year Five FinanceLeaseLiabilityPaymentsDueAfterYearFive	2916941	usd
CY2022Q4	us-gaap	Finance Lease Liability Payments Due FinanceLeaseLiabilityPaymentsDue	4571489	usd
CY2022Q4	SDPI	Residual Value Of Leased Liability ResidualValueOfLeasedLiability	2188711	usd
CY2022Q4	us-gaap	Finance Lease Liability Undiscounted Excess Amount FinanceLeaseLiabilityUndiscountedExcessAmount	2647542	usd
CY2022Q4	us-gaap	Finance Lease Liability FinanceLeaseLiability	4112658	usd
CY2022	us-gaap	Current State And Local Tax Expense Benefit CurrentStateAndLocalTaxExpenseBenefit	34046	usd
CY2021	us-gaap	Current State And Local Tax Expense Benefit CurrentStateAndLocalTaxExpenseBenefit	5964	usd
CY2022	us-gaap	Current Foreign Tax Expense Benefit CurrentForeignTaxExpenseBenefit	160923	usd
CY2021	us-gaap	Current Foreign Tax Expense Benefit CurrentForeignTaxExpenseBenefit	104787	usd
CY2022	us-gaap	Current Income Tax Expense Benefit CurrentIncomeTaxExpenseBenefit	194969	usd
CY2021	us-gaap	Current Income Tax Expense Benefit CurrentIncomeTaxExpenseBenefit	110751	usd
CY2021Q4	us-gaap	Deferred Tax Assets Other DeferredTaxAssetsOther	22181	usd
CY2022Q4	us-gaap	Deferred Tax Assets Gross DeferredTaxAssetsGross	7717110	usd
CY2021Q4	us-gaap	Deferred Tax Assets Gross DeferredTaxAssetsGross	8789689	usd
CY2022Q4	SDPI	Deferred Tax Liabilities Depreciation On Saleleaseback Fixed Assets DeferredTaxLiabilitiesDepreciationOnSaleleasebackFixedAssets	836027	usd
CY2021Q4	SDPI	Deferred Tax Liabilities Depreciation On Saleleaseback Fixed Assets DeferredTaxLiabilitiesDepreciationOnSaleleasebackFixedAssets	942799	usd
CY2022Q4	SDPI	Deferred Tax Liabilities Depreciation On Fixed Assets DeferredTaxLiabilitiesDepreciationOnFixedAssets	-134483	usd
CY2021Q4	SDPI	Deferred Tax Liabilities Depreciation On Fixed Assets DeferredTaxLiabilitiesDepreciationOnFixedAssets	46881	usd
CY2022Q4	us-gaap	Deferred Income Tax Liabilities DeferredIncomeTaxLiabilities	701544	usd
CY2021Q4	us-gaap	Deferred Income Tax Liabilities DeferredIncomeTaxLiabilities	989680	usd
CY2022Q4	us-gaap	Deferred Tax Assets Liabilities Net DeferredTaxAssetsLiabilitiesNet	7015566	usd
CY2021Q4	us-gaap	Deferred Tax Assets Liabilities Net DeferredTaxAssetsLiabilitiesNet	7800009	usd
CY2022Q4	us-gaap	Deferred Tax Assets Valuation Allowance DeferredTaxAssetsValuationAllowance	7015566	usd
CY2021Q4	us-gaap	Deferred Tax Assets Valuation Allowance DeferredTaxAssetsValuationAllowance	7800009	usd
CY2022	us-gaap	Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate	267604	usd
CY2021	us-gaap	Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate	-88001	usd
CY2022	us-gaap	Income Tax Reconciliation State And Local Income Taxes IncomeTaxReconciliationStateAndLocalIncomeTaxes	26896	usd
CY2021	us-gaap	Income Tax Reconciliation State And Local Income Taxes IncomeTaxReconciliationStateAndLocalIncomeTaxes	4712	usd
CY2022	us-gaap	Income Tax Reconciliation Foreign Income Tax Rate Differential IncomeTaxReconciliationForeignIncomeTaxRateDifferential	127129	usd
CY2021	us-gaap	Income Tax Reconciliation Foreign Income Tax Rate Differential IncomeTaxReconciliationForeignIncomeTaxRateDifferential	79445	usd
CY2022	SDPI	Income Tax Reconciliation Permanent Differences IncomeTaxReconciliationPermanentDifferences	-46609	usd
CY2021	SDPI	Income Tax Reconciliation Permanent Differences IncomeTaxReconciliationPermanentDifferences	38458	usd
CY2022	us-gaap	Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance	-780662	usd
CY2021	us-gaap	Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance	192512	usd
CY2022	us-gaap	Income Tax Reconciliation Nondeductible Expense Other IncomeTaxReconciliationNondeductibleExpenseOther	11704	usd
CY2021	us-gaap	Income Tax Reconciliation Nondeductible Expense Other IncomeTaxReconciliationNondeductibleExpenseOther	-13532	usd
CY2022	us-gaap	Income Tax Reconciliation Change In Enacted Tax Rate IncomeTaxReconciliationChangeInEnactedTaxRate	586430	usd
CY2021	us-gaap	Income Tax Reconciliation Change In Enacted Tax Rate IncomeTaxReconciliationChangeInEnactedTaxRate	-125747	usd
CY2022	us-gaap	Income Tax Reconciliation Other Adjustments IncomeTaxReconciliationOtherAdjustments	2477	usd
CY2021	us-gaap	Income Tax Reconciliation Other Adjustments IncomeTaxReconciliationOtherAdjustments	22904	usd
CY2022	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	194969	usd
CY2021	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	110751	usd
CY2022Q4	us-gaap	Operating Loss Carryforwards OperatingLossCarryforwards	11914000	usd
CY2022	us-gaap	Operating Loss Carryforwards Limitations On Use OperatingLossCarryforwardsLimitationsOnUse	The pre-2018 losses will begin to expire between 2035 and 2037. The post-2017 losses can be carried forward indefinitely, however, only 80% of these losses can offset taxable income.
CY2022	us-gaap	Valuation Allowance Deferred Tax Asset Change In Amount ValuationAllowanceDeferredTaxAssetChangeInAmount	7019347	usd
CY2022Q4	us-gaap	Accrued Income Taxes Current AccruedIncomeTaxesCurrent	352000	usd
CY2021Q4	us-gaap	Accrued Income Taxes Current AccruedIncomeTaxesCurrent	206000	usd
CY2022	us-gaap	Income Tax Examination Penalties Expense IncomeTaxExaminationPenaltiesExpense	0	usd
CY2021	us-gaap	Income Tax Examination Penalties Expense IncomeTaxExaminationPenaltiesExpense	6000	usd
CY2022	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate	0.5950	pure
CY2021	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate	0.5950	pure
CY2022	SDPI	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Fair Value Inputs Discount Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsFairValueInputsDiscountRate	0.0398	pure
CY2021	SDPI	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Fair Value Inputs Discount Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsFairValueInputsDiscountRate	0.0125	pure
CY2022	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1 SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1	P3Y
CY2021	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1 SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1	P2Y
CY2022	us-gaap	Net Income Loss NetIncomeLoss	1065157	usd
CY2021	us-gaap	Net Income Loss NetIncomeLoss	-529801	usd
CY2022	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	28643464	shares
CY2021	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	26391538	shares
CY2022	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	31636	shares
CY2022	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	28675100	shares
CY2021	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	26391538	shares
CY2022	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.04
CY2021	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.02
CY2022	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.04
CY2021	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.02
CY2022	us-gaap	Revenues Revenues	19097687	usd
CY2021	us-gaap	Revenues Revenues	13336149	usd
CY2022	us-gaap	Operating Income Loss OperatingIncomeLoss	1936450	usd
CY2021	us-gaap	Operating Income Loss OperatingIncomeLoss	-586751	usd
CY2022	us-gaap	Depreciation Depreciation	1337309	usd
CY2021	us-gaap	Depreciation Depreciation	1520201	usd
CY2022Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	8576851	usd
CY2021Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	6930329	usd

Files In Submission

Name	View Source	Status
FilingSummary.xml	Edgar Link	unprocessable
0001493152-23-007804-index-headers.html	Edgar Link	pending
0001493152-23-007804-index.html	Edgar Link	pending
0001493152-23-007804.txt	Edgar Link	pending
0001493152-23-007804-xbrl.zip	Edgar Link	pending
ex21-1.htm	Edgar Link	pending
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ex31-1.htm	Edgar Link	pending
ex31-2.htm	Edgar Link	pending
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ex4-1.htm	Edgar Link	pending
Financial_Report.xlsx	Edgar Link	pending
form10-k.htm	Edgar Link	pending
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form10-k_htm.xml	Edgar Link	completed
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report.css	Edgar Link	pending
sdpi-20221231.xsd	Edgar Link	pending
Show.js	Edgar Link	pending
sdpi-20221231_cal.xml	Edgar Link	unprocessable
sdpi-20221231_def.xml	Edgar Link	unprocessable
sdpi-20221231_pre.xml	Edgar Link	unprocessable
sdpi-20221231_lab.xml	Edgar Link	unprocessable

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Superior Drilling Products, Inc.

2023 Q1 Form 10-K Financial Statement

#000149315223007804 Filed on March 16, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission