Superior Drilling Products, Inc.

$ Overview Financials Valuation SEC Filings Company Website

2024 Q2 Form 10-Q Financial Statement

#000149315224019336 Filed on May 15, 2024

Income Statement

Concept	2024 Q2	2024 Q1	2023 Q1

Balance Sheet

Concept	2024 Q1	2023 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$2.080M	$1.956M
YoY Change	6.36%	-31.47%
Cash & Equivalents	$2.080M	$1.956M
Short-Term Investments
Other Short-Term Assets	$433.1K	$152.2K
YoY Change	184.52%	-49.97%
Inventory	$2.696M	$2.249M
Prepaid Expenses	$323.2K	$356.7K
Receivables	$2.356M	$3.960M
Other Receivables	$0.00	$0.00
Total Short-Term Assets	$7.888M	$8.673M
YoY Change	-9.05%	18.19%
LONG-TERM ASSETS
Property, Plant & Equipment	$11.04M	$10.24M
YoY Change	7.77%	36.56%
Goodwill
YoY Change
Intangibles		$27.78K
YoY Change
Long-Term Investments
YoY Change
Other Assets	$199.8K	$112.6K
YoY Change	77.43%	70.95%
Total Long-Term Assets	$18.04M	$10.99M
YoY Change	64.18%	41.6%
TOTAL ASSETS
Total Short-Term Assets	$7.888M	$8.673M
Total Long-Term Assets	$18.04M	$10.99M
Total Assets	$25.93M	$19.66M
YoY Change	31.87%	30.22%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$1.776M	$1.664M
YoY Change	6.7%	33.68%
Accrued Expenses	$1.301M	$782.1K
YoY Change	66.32%	25.82%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due	$543.8K	$1.158M
YoY Change	-53.04%	-46.99%
Total Short-Term Liabilities	$4.413M	$4.159M
YoY Change	6.11%	-2.46%
LONG-TERM LIABILITIES
Long-Term Debt	$1.557M	$489.3K
YoY Change	218.28%	-88.67%
Other Long-Term Liabilities	$953.8K	$1.168M
YoY Change	-18.36%	15882.22%
Total Long-Term Liabilities	$1.557M	$489.3K
YoY Change	218.28%	-88.69%
TOTAL LIABILITIES
Total Short-Term Liabilities	$4.413M	$4.159M
Total Long-Term Liabilities	$1.557M	$489.3K
Total Liabilities	$10.85M	$9.834M
YoY Change	10.38%	14.48%
SHAREHOLDERS EQUITY
Retained Earnings	-$30.27M	-$34.37M
YoY Change	-11.93%
Common Stock	$45.35M	$44.20M
YoY Change	2.59%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$15.07M	$9.827M
YoY Change
Total Liabilities & Shareholders Equity	$25.93M	$19.66M
YoY Change	31.87%	30.22%

Cashflow Statement

Concept	2024 Q2	2024 Q1	2023 Q1

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2024Q1	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2024Q1	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q1
CY2024Q1	dei	Entity Central Index Key EntityCentralIndexKey	0001600422
CY2024Q1	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		usd
CY2023Q4	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		usd
CY2023Q1	us-gaap	Business Combination Separately Recognized Transactions Expenses And Losses Recognized BusinessCombinationSeparatelyRecognizedTransactionsExpensesAndLossesRecognized		usd
CY2024Q1	SDPI	Recovery Of Related Party Note Receivable RecoveryOfRelatedPartyNoteReceivable		usd
CY2023Q1	us-gaap	Gain Loss On Disposition Of Assets1 GainLossOnDispositionOfAssets1		usd
CY2023Q1	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit		usd
CY2023Q1	SDPI	Loss On Disposition Of Rental Fleet LossOnDispositionOfRentalFleet		usd
CY2023Q1	us-gaap	Gain Loss On Disposition Of Assets GainLossOnDispositionOfAssets		usd
CY2023Q1	us-gaap	Proceeds From Sale Of Productive Assets ProceedsFromSaleOfProductiveAssets		usd
CY2024Q1	us-gaap	Proceeds From Sale Of Property Plant And Equipment ProceedsFromSaleOfPropertyPlantAndEquipment		usd
CY2023Q1	us-gaap	Proceeds From Issuance Of Debt ProceedsFromIssuanceOfDebt		usd
CY2024Q1	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit		usd
CY2024Q1	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit		usd
CY2024Q1	SDPI	Disposal Of Asset Held For Sale DisposalOfAssetHeldForSale		usd
CY2024Q1	us-gaap	Right Of Use Asset Obtained In Exchange For Operating Lease Liability RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability		usd
CY2024Q1	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment		shares
CY2024Q1	dei	Document Type DocumentType	10-Q
CY2024Q1	dei	Document Quarterly Report DocumentQuarterlyReport	true
CY2024Q1	dei	Document Period End Date DocumentPeriodEndDate	2024-03-31
CY2024Q1	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2024
CY2024Q1	dei	Document Transition Report DocumentTransitionReport	false
CY2024Q1	dei	Entity File Number EntityFileNumber	001-36453
CY2024Q1	dei	Entity Registrant Name EntityRegistrantName	SUPERIOR DRILLING PRODUCTS, INC.
CY2024Q1	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	UT
CY2024Q1	dei	Entity Tax Identification Number EntityTaxIdentificationNumber	46-4341605
CY2024Q1	dei	Entity Address Address Line1 EntityAddressAddressLine1	1583 South 1700 East
CY2024Q1	dei	Entity Address City Or Town EntityAddressCityOrTown	Vernal
CY2024Q1	dei	Entity Address State Or Province EntityAddressStateOrProvince	UT
CY2024Q1	dei	Entity Address Postal Zip Code EntityAddressPostalZipCode	84078
CY2024Q1	dei	City Area Code CityAreaCode	435
CY2024Q1	dei	Local Phone Number LocalPhoneNumber	789-0594
CY2024Q1	dei	Security12b Title Security12bTitle	Common Stock, $0.001 par value
CY2024Q1	dei	Trading Symbol TradingSymbol	SDPI
CY2024Q1	dei	Security Exchange Name SecurityExchangeName	NYSE
CY2024Q1	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2024Q1	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
CY2024Q1	dei	Entity Filer Category EntityFilerCategory	Non-accelerated Filer
CY2024Q1	dei	Entity Small Business EntitySmallBusiness	true
CY2024Q1	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	false
CY2024Q1	dei	Entity Shell Company EntityShellCompany	false
CY2024Q2	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	30391244	shares
CY2024Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	2080224	usd
CY2023Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	2670626	usd
CY2024Q1	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	2355947	usd
CY2023Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	2670361	usd
CY2024Q1	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	323214	usd
CY2023Q4	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	335152	usd
CY2024Q1	us-gaap	Inventory Net InventoryNet	2695666	usd
CY2023Q4	us-gaap	Inventory Net InventoryNet	2706491	usd
CY2024Q1	us-gaap	Other Assets Current OtherAssetsCurrent	433090	usd
CY2023Q4	us-gaap	Other Assets Current OtherAssetsCurrent	373587	usd
CY2024Q1	us-gaap	Assets Current AssetsCurrent	7888141	usd
CY2023Q4	us-gaap	Assets Current AssetsCurrent	8756217	usd
CY2024Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	11037332	usd
CY2023Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	11242251	usd
CY2024Q1	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	395453	usd
CY2023Q4	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	451094	usd
CY2024Q1	us-gaap	Deferred Income Tax Assets Net DeferredIncomeTaxAssetsNet	6407195	usd
CY2023Q4	us-gaap	Deferred Income Tax Assets Net DeferredIncomeTaxAssetsNet	6387240	usd
CY2024Q1	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	199816	usd
CY2023Q4	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	199816	usd
CY2024Q1	us-gaap	Assets Assets	25927937	usd
CY2023Q4	us-gaap	Assets Assets	27036618	usd
CY2024Q1	us-gaap	Accounts Payable Current AccountsPayableCurrent	1775936	usd
CY2023Q4	us-gaap	Accounts Payable Current AccountsPayableCurrent	1547619	usd
CY2024Q1	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	1300744	usd
CY2023Q4	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	870060	usd
CY2024Q1	us-gaap	Taxes Payable Current TaxesPayableCurrent	651081	usd
CY2023Q4	us-gaap	Taxes Payable Current TaxesPayableCurrent	626455	usd
CY2024Q1	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	55019	usd
CY2023Q4	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	54034	usd
CY2024Q1	us-gaap	Finance Lease Liability Current FinanceLeaseLiabilityCurrent	86685	usd
CY2023Q4	us-gaap	Finance Lease Liability Current FinanceLeaseLiabilityCurrent	83648	usd
CY2024Q1	us-gaap	Long Term Debt Current LongTermDebtCurrent	543771	usd
CY2023Q4	us-gaap	Long Term Debt Current LongTermDebtCurrent	635273	usd
CY2024Q1	us-gaap	Liabilities Current LiabilitiesCurrent	4413236	usd
CY2023Q4	us-gaap	Liabilities Current LiabilitiesCurrent	3817089	usd
CY2024Q1	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	278751	usd
CY2023Q4	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	325480	usd
CY2024Q1	us-gaap	Finance Lease Liability Noncurrent FinanceLeaseLiabilityNoncurrent	3930595	usd
CY2023Q4	us-gaap	Finance Lease Liability Noncurrent FinanceLeaseLiabilityNoncurrent	3954373	usd
CY2024Q1	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	1557351	usd
CY2023Q4	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	1609868	usd
CY2024Q1	us-gaap	Deferred Income Noncurrent DeferredIncomeNoncurrent	675000	usd
CY2023Q4	us-gaap	Deferred Income Noncurrent DeferredIncomeNoncurrent	675000	usd
CY2024Q1	us-gaap	Liabilities Liabilities	10854933	usd
CY2023Q4	us-gaap	Liabilities Liabilities	10381810	usd
CY2024Q1	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.001
CY2023Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.001
CY2024Q1	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	100000000	shares
CY2023Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	100000000	shares
CY2024Q1	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	30391244	shares
CY2023Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	30391244	shares
CY2024Q1	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	30391244	shares
CY2023Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	30391244	shares
CY2024Q1	us-gaap	Common Stock Value CommonStockValue	30391	usd
CY2023Q4	us-gaap	Common Stock Value CommonStockValue	30391	usd
CY2024Q1	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	45315307	usd
CY2023Q4	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	45074723	usd
CY2024Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-30272694	usd
CY2023Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-28450306	usd
CY2024Q1	us-gaap	Stockholders Equity StockholdersEquity	15073004	usd
CY2023Q4	us-gaap	Stockholders Equity StockholdersEquity	16654808	usd
CY2024Q1	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	25927937	usd
CY2023Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	27036618	usd
CY2024Q1	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	4946216	usd
CY2023Q1	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	6281214	usd
CY2024Q1	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	2305068	usd
CY2023Q1	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	2238597	usd
CY2024Q1	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	2130488	usd
CY2023Q1	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	2338841	usd
CY2024Q1	us-gaap	Depreciation And Amortization DepreciationAndAmortization	351213	usd
CY2023Q1	us-gaap	Depreciation And Amortization DepreciationAndAmortization	326014	usd
CY2024Q1	us-gaap	Operating Costs And Expenses OperatingCostsAndExpenses	4786769	usd
CY2023Q1	us-gaap	Operating Costs And Expenses OperatingCostsAndExpenses	4903452	usd
CY2024Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	159447	usd
CY2023Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	1377762	usd
CY2024Q1	us-gaap	Investment Income Interest InvestmentIncomeInterest	20691	usd
CY2023Q1	us-gaap	Investment Income Interest InvestmentIncomeInterest	16898	usd
CY2024Q1	us-gaap	Interest Expense InterestExpense	194008	usd
CY2023Q1	us-gaap	Interest Expense InterestExpense	154091	usd
CY2024Q1	us-gaap	Business Combination Separately Recognized Transactions Expenses And Losses Recognized BusinessCombinationSeparatelyRecognizedTransactionsExpensesAndLossesRecognized	1748277	usd
CY2023Q1	SDPI	Recovery Of Related Party Note Receivable RecoveryOfRelatedPartyNoteReceivable	350262	usd
CY2024Q1	us-gaap	Gain Loss On Disposition Of Assets1 GainLossOnDispositionOfAssets1	-5819	usd
CY2024Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-1927413	usd
CY2023Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	213069	usd
CY2024Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-1767966	usd
CY2023Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	1590831	usd
CY2024Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	54422	usd
CY2023Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	77612	usd
CY2024Q1	us-gaap	Net Income Loss NetIncomeLoss	-1822388	usd
CY2023Q1	us-gaap	Net Income Loss NetIncomeLoss	1513219	usd
CY2024Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.06
CY2023Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.05
CY2024Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	30391244	shares
CY2023Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	29245080	shares
CY2024Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.06
CY2023Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.05
CY2024Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	30391244	shares
CY2023Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	29305216	shares
CY2024Q1	us-gaap	Net Income Loss NetIncomeLoss	-1822388	usd
CY2023Q1	us-gaap	Net Income Loss NetIncomeLoss	1513219	usd
CY2024Q1	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	351215	usd
CY2023Q1	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	326014	usd
CY2024Q1	us-gaap	Operating Lease Right Of Use Asset Amortization Expense OperatingLeaseRightOfUseAssetAmortizationExpense	55641	usd
CY2023Q1	us-gaap	Operating Lease Right Of Use Asset Amortization Expense OperatingLeaseRightOfUseAssetAmortizationExpense	51257	usd
CY2024Q1	us-gaap	Share Based Compensation ShareBasedCompensation	240584	usd
CY2023Q1	us-gaap	Share Based Compensation ShareBasedCompensation	227148	usd
CY2024Q1	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	-19955	usd
CY2024Q1	SDPI	Loss On Disposition Of Rental Fleet LossOnDispositionOfRentalFleet	-2806	usd
CY2024Q1	us-gaap	Gain Loss On Disposition Of Assets GainLossOnDispositionOfAssets	-3013	usd
CY2024Q1	us-gaap	Amortization Of Deferred Loan Origination Fees Net AmortizationOfDeferredLoanOriginationFeesNet	-4519	usd
CY2023Q1	us-gaap	Amortization Of Deferred Loan Origination Fees Net AmortizationOfDeferredLoanOriginationFeesNet	-3087	usd
CY2024Q1	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-314414	usd
CY2023Q1	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	718533	usd
CY2024Q1	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	-10825	usd
CY2023Q1	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	167601	usd
CY2024Q1	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	47565	usd
CY2023Q1	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	1954	usd
CY2024Q1	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	578315	usd
CY2023Q1	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	-262804	usd
CY2024Q1	us-gaap	Increase Decrease In Accrued Income Taxes Payable IncreaseDecreaseInAccruedIncomeTaxesPayable	24626	usd
CY2023Q1	us-gaap	Increase Decrease In Accrued Income Taxes Payable IncreaseDecreaseInAccruedIncomeTaxesPayable	75547	usd
CY2024Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-303950	usd
CY2023Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	1045380	usd
CY2024Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	122483	usd
CY2023Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	1567524	usd
CY2024Q1	us-gaap	Proceeds From Sale Of Productive Assets ProceedsFromSaleOfProductiveAssets	5310	usd
CY2023Q1	us-gaap	Proceeds From Sale Of Property Plant And Equipment ProceedsFromSaleOfPropertyPlantAndEquipment	350262	usd
CY2024Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-117173	usd
CY2023Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-1217262	usd
CY2024Q1	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	241985	usd
CY2023Q1	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	213905	usd
CY2024Q1	us-gaap	Proceeds From Issuance Of Debt ProceedsFromIssuanceOfDebt	72706	usd
CY2023Q1	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	472089	usd
CY2023Q1	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	655754	usd
CY2024Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-169279	usd
CY2023Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-30240	usd
CY2024Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-590402	usd
CY2023Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-202122	usd
CY2023Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	2670626	usd
CY2022Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	2158025	usd
CY2024Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	2080224	usd
CY2023Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	1955903	usd
CY2024Q1	us-gaap	Interest Paid Net InterestPaidNet	192461	usd
CY2023Q1	us-gaap	Interest Paid Net InterestPaidNet	151107	usd
CY2024Q1	SDPI	Property Plant And Equipment In Accounts Payable PropertyPlantAndEquipmentInAccountsPayable	34942	usd
CY2023Q1	SDPI	Property Plant And Equipment In Accounts Payable PropertyPlantAndEquipmentInAccountsPayable	381064	usd
CY2023Q1	SDPI	Disposal Of Asset Held For Sale DisposalOfAssetHeldForSale	216000	usd
CY2023Q1	us-gaap	Right Of Use Asset Obtained In Exchange For Operating Lease Liability RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability	19478	usd
CY2023Q4	us-gaap	Stockholders Equity StockholdersEquity	16654808	usd
CY2024Q1	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	240584	usd
CY2024Q1	us-gaap	Net Income Loss NetIncomeLoss	-1822388	usd
CY2024Q1	us-gaap	Stockholders Equity StockholdersEquity	15073004	usd
CY2022Q4	us-gaap	Stockholders Equity StockholdersEquity	8086822	usd
CY2022Q4	us-gaap	Stockholders Equity StockholdersEquity	8086822	usd
CY2023Q1	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	227148	usd
CY2023Q1	us-gaap	Net Income Loss NetIncomeLoss	1513219	usd
CY2023Q1	us-gaap	Net Income Loss NetIncomeLoss	1513219	usd
CY2023Q1	us-gaap	Stockholders Equity StockholdersEquity	9827189	usd
CY2023Q1	us-gaap	Stockholders Equity StockholdersEquity	9827189	usd
CY2024Q1	us-gaap	Concentration Risk Credit Risk ConcentrationRiskCreditRisk	<p id="xdx_847_eus-gaap--ConcentrationRiskCreditRisk_zz4fzkHh6Qcg" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_86C_zHlZRxwTdWb">Concentrations of Credit Risk</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 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 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company has two significant customers that represented<span id="xdx_909_eus-gaap--ConcentrationRiskPercentage1_pid_dp_uPure_c20240101__20240331__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__srt--MajorCustomersAxis__custom--TwoCustomersMember_zzKGl9YFUn41" title="Concentration risk percentage"> 85</span>% and <span id="xdx_90F_eus-gaap--ConcentrationRiskPercentage1_pid_dp_uPure_c20230101__20230331__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__srt--MajorCustomersAxis__custom--TwoCustomersMember_zjuWrwm9NEB3" title="Concentration risk percentage">87</span>% of its revenue for the three months ended March 31, 2024 and 2023, respectively. These customers had approximately $<span id="xdx_902_eus-gaap--AccountsReceivableNet_iI_pp0p0_c20240331__srt--MajorCustomersAxis__custom--TwoCustomersMember_zmcUwumFcjR8" title="Accounts receivable">1,927,000</span> and $<span id="xdx_908_eus-gaap--AccountsReceivableNet_iI_pp0p0_c20231231__srt--MajorCustomersAxis__custom--TwoCustomersMember_znXWldJDLXq3" title="Accounts receivable">1,880,000</span> in accounts receivable as of March 31, 2024 and December 31, 2023, respectively.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 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 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company had two vendors that represented <span id="xdx_90B_eus-gaap--ConcentrationRiskPercentage1_pid_dp_uPure_c20240101__20240331__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--SupplierConcentrationRiskMember__us-gaap--ConcentrationRiskByBenchmarkAxis__custom--PurchasesMember__us-gaap--ShareBasedGoodsAndNonemployeeServicesTransactionBySupplierAxis__custom--TwoVendorsMember_zo6CKeJrDgHe" title="Concentration risk percentage">45</span>% and <span id="xdx_90C_eus-gaap--ConcentrationRiskPercentage1_pid_dp_uPure_c20230101__20230331__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--SupplierConcentrationRiskMember__us-gaap--ConcentrationRiskByBenchmarkAxis__custom--PurchasesMember__us-gaap--ShareBasedGoodsAndNonemployeeServicesTransactionBySupplierAxis__custom--TwoVendorsMember_ze4kwRZTXYE" title="Concentration risk percentage">13</span>% of its purchases for each of the three months ended March 31, 2024 and 2023, respectively. These vendors had approximately $<span id="xdx_90D_eus-gaap--AccountsPayableCurrent_iI_pp0p0_c20240331__us-gaap--ShareBasedGoodsAndNonemployeeServicesTransactionBySupplierAxis__custom--TwoVendorsMember_zXRpeqfoHbB2" title="Accounts payable current">104,000</span> and $<span id="xdx_903_eus-gaap--AccountsPayableCurrent_iI_pp0p0_c20231231__us-gaap--ShareBasedGoodsAndNonemployeeServicesTransactionBySupplierAxis__custom--TwoVendorsMember_zkLMCJGm19C" title="Accounts payable current">136,000</span> in accounts payable as of March 31, 2024 and December 31, 2023, respectively.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2024Q1	us-gaap	Cash Cash	1960164	usd
CY2023Q4	us-gaap	Cash Cash	2504487	usd
CY2024Q1	us-gaap	Restricted Cash RestrictedCash	120060	usd
CY2023Q4	us-gaap	Restricted Cash RestrictedCash	166139	usd
CY2024Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	2080224	usd
CY2023Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	2670626	usd
CY2024Q1	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	4946216	usd
CY2023Q1	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	6281214	usd
CY2024Q1	us-gaap	Inventory Raw Materials InventoryRawMaterials	1886200	usd
CY2023Q4	us-gaap	Inventory Raw Materials InventoryRawMaterials	1835850	usd
CY2024Q1	us-gaap	Inventory Work In Process InventoryWorkInProcess	678255	usd
CY2023Q4	us-gaap	Inventory Work In Process InventoryWorkInProcess	728840	usd
CY2024Q1	us-gaap	Inventory Finished Goods InventoryFinishedGoods	131211	usd
CY2023Q4	us-gaap	Inventory Finished Goods InventoryFinishedGoods	141801	usd
CY2024Q1	us-gaap	Inventory Net InventoryNet	2695666	usd
CY2023Q4	us-gaap	Inventory Net InventoryNet	2706491	usd
CY2024Q1	us-gaap	Land Land	880416	usd
CY2023Q4	us-gaap	Land Land	880416	usd
CY2024Q1	SDPI	Buildings Gross BuildingsGross	4340078	usd
CY2023Q4	SDPI	Buildings Gross BuildingsGross	4340078	usd
CY2024Q1	us-gaap	Leasehold Improvements Gross LeaseholdImprovementsGross	946247	usd
CY2023Q4	us-gaap	Leasehold Improvements Gross LeaseholdImprovementsGross	946247	usd
CY2024Q1	us-gaap	Machinery And Equipment Gross MachineryAndEquipmentGross	16502768	usd
CY2023Q4	us-gaap	Machinery And Equipment Gross MachineryAndEquipmentGross	16462886	usd
CY2024Q1	us-gaap	Furniture And Fixtures Gross FurnitureAndFixturesGross	278158	usd
CY2023Q4	us-gaap	Furniture And Fixtures Gross FurnitureAndFixturesGross	278158	usd
CY2024Q1	us-gaap	Property Plant And Equipment Other PropertyPlantAndEquipmentOther	334466	usd
CY2023Q4	us-gaap	Property Plant And Equipment Other PropertyPlantAndEquipmentOther	261760	usd
CY2024Q1	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	23282133	usd
CY2023Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	23169545	usd
CY2024Q1	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	12244801	usd
CY2023Q4	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	11927294	usd
CY2024Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	11037332	usd
CY2023Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	11242251	usd
CY2024Q1	us-gaap	Depreciation Depreciation	351215	usd
CY2023Q1	us-gaap	Depreciation Depreciation	284347	usd
CY2024Q1	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	0	usd
CY2023Q1	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	41667	usd
CY2024Q1	us-gaap	Operating Lease Expense OperatingLeaseExpense	63000	usd
CY2023Q1	us-gaap	Operating Lease Expense OperatingLeaseExpense	63000	usd
CY2024Q1	us-gaap	Operating Lease Payments OperatingLeasePayments	53585	usd
CY2023Q1	us-gaap	Operating Lease Payments OperatingLeasePayments	54138	usd
CY2024Q1	us-gaap	Operating Lease Weighted Average Remaining Lease Term1 OperatingLeaseWeightedAverageRemainingLeaseTerm1	P1Y6M
CY2023Q1	us-gaap	Operating Lease Weighted Average Remaining Lease Term1 OperatingLeaseWeightedAverageRemainingLeaseTerm1	P2Y8M12D
CY2024Q1	us-gaap	Operating Lease Weighted Average Discount Rate Percent OperatingLeaseWeightedAverageDiscountRatePercent	0.0725	pure
CY2023Q1	us-gaap	Operating Lease Weighted Average Discount Rate Percent OperatingLeaseWeightedAverageDiscountRatePercent	0.0725	pure
CY2024Q1	us-gaap	Long Term Debt LongTermDebt	2101122	usd
CY2023Q4	us-gaap	Long Term Debt LongTermDebt	2245141	usd
CY2024Q1	us-gaap	Long Term Debt Current LongTermDebtCurrent	543771	usd
CY2023Q4	us-gaap	Long Term Debt Current LongTermDebtCurrent	635273	usd
CY2024Q1	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	1557351	usd
CY2023Q4	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	1609868	usd
CY2024Q1	us-gaap	Finance Lease Liability FinanceLeaseLiability	4017280	usd
CY2023Q4	us-gaap	Finance Lease Liability FinanceLeaseLiability	4038021	usd
CY2024Q1	us-gaap	Finance Lease Liability Current FinanceLeaseLiabilityCurrent	86685	usd
CY2023Q4	us-gaap	Finance Lease Liability Current FinanceLeaseLiabilityCurrent	83648	usd
CY2024Q1	us-gaap	Finance Lease Liability Noncurrent FinanceLeaseLiabilityNoncurrent	3930595	usd
CY2023Q4	us-gaap	Finance Lease Liability Noncurrent FinanceLeaseLiabilityNoncurrent	3954373	usd
CY2024Q1	us-gaap	Net Income Loss NetIncomeLoss	-1822388	usd
CY2023Q1	us-gaap	Net Income Loss NetIncomeLoss	1513219	usd
CY2024Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	30391244	shares
CY2023Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	29245080	shares
CY2023Q1	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	60130	shares
CY2024Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	30391244	shares
CY2023Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	29305216	shares
CY2024Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.06
CY2023Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.05
CY2024Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.06
CY2023Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.05
CY2024Q1	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	507771	shares
CY2024Q1	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	4946216	usd
CY2023Q1	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	6281214	usd
CY2024Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	159447	usd
CY2023Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	1377762	usd

Files In Submission

Name	View Source	Status
FilingSummary.xml	Edgar Link	unprocessable
sdpi-20240331_cal.xml	Edgar Link	unprocessable
0001493152-24-019336-index-headers.html	Edgar Link	pending
0001493152-24-019336-index.html	Edgar Link	pending
0001493152-24-019336.txt	Edgar Link	pending
0001493152-24-019336-xbrl.zip	Edgar Link	pending
ex31-1.htm	Edgar Link	pending
ex31-2.htm	Edgar Link	pending
ex32-1.htm	Edgar Link	pending
Financial_Report.xlsx	Edgar Link	pending
form10-q.htm	Edgar Link	pending
MetaLinks.json	Edgar Link	pending
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form10-q_htm.xml	Edgar Link	completed
R48.htm	Edgar Link	pending
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R8.htm	Edgar Link	pending
R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
sdpi-20240331.xsd	Edgar Link	pending
Show.js	Edgar Link	pending
sdpi-20240331_def.xml	Edgar Link	unprocessable
sdpi-20240331_lab.xml	Edgar Link	unprocessable
sdpi-20240331_pre.xml	Edgar Link	unprocessable

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Superior Drilling Products, Inc.

2024 Q2 Form 10-Q Financial Statement

#000149315224019336 Filed on May 15, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission