2023 Q1 Form 10-K Financial Statement

#000121390023028156 Filed on April 07, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $13.33M $12.63M $12.63M
YoY Change -36.76% -59.42% -59.42%
Cash & Equivalents $13.33M $12.63M
Short-Term Investments
Other Short-Term Assets $4.820M $6.385M $6.385M
YoY Change -1.99% -78.64% -78.64%
Inventory
Prepaid Expenses $4.820M $6.385M
Receivables $4.395M $6.217M $7.390M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $23.41M $26.40M $26.40M
YoY Change -33.96% -62.37% -62.37%
LONG-TERM ASSETS
Property, Plant & Equipment $0.00 $4.784M $4.784M
YoY Change -100.0% 0.65% 0.65%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $0.00 $723.0K $723.0K
YoY Change -100.0% -43.03% -97.78%
Total Long-Term Assets $0.00 $5.507M $5.507M
YoY Change -100.0% -88.47% -88.47%
TOTAL ASSETS
Total Short-Term Assets $23.41M $26.40M $26.40M
Total Long-Term Assets $0.00 $5.507M $5.507M
Total Assets $23.41M $31.91M $31.91M
YoY Change -55.46% -72.94% -72.94%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $807.0K $2.980M $3.333M
YoY Change -77.46% -19.28% -9.72%
Accrued Expenses $4.416M $4.818M $4.818M
YoY Change -43.03% -53.93% -53.93%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0% -100.0%
Long-Term Debt Due $0.00 $2.315M $2.315M
YoY Change -100.0% -91.23% -91.23%
Total Short-Term Liabilities $5.606M $11.10M $11.10M
YoY Change -73.91% -85.71% -85.71%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $2.314M $0.00
YoY Change 20936.36% -100.0%
Other Long-Term Liabilities $5.606M $441.0K $2.314M
YoY Change -86.79% -94.11%
Total Long-Term Liabilities $5.606M $2.314M $2.314M
YoY Change -86.79% -94.11% -94.11%
TOTAL LIABILITIES
Total Short-Term Liabilities $5.606M $11.10M $11.10M
Total Long-Term Liabilities $5.606M $2.314M $2.314M
Total Liabilities $12.83M $13.42M $13.42M
YoY Change -79.92% -88.53% -88.53%
SHAREHOLDERS EQUITY
Retained Earnings -$253.6M -$243.6M
YoY Change 19.53%
Common Stock $3.000K $3.000K
YoY Change -66.67%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $10.58M $18.49M $18.49M
YoY Change
Total Liabilities & Shareholders Equity $23.41M $31.91M $31.91M
YoY Change -55.46% -72.94% -72.94%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022

Facts In Submission

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NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-3920000 usd
CY2021 us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
-7355000 usd
CY2022 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
48000 usd
CY2021 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
1148000 usd
CY2022 us-gaap Repayments Of Other Debt
RepaymentsOfOtherDebt
27528000 usd
CY2021 us-gaap Repayments Of Other Debt
RepaymentsOfOtherDebt
6525000 usd
CY2022 us-gaap Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
-5000000 usd
CY2021 us-gaap Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
5000000 usd
CY2021 us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
27000000 usd
CY2022 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
1344000 usd
CY2021 us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
24000000 usd
CY2022 us-gaap Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
23664000 usd
CY2021 us-gaap Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
27784000 usd
CY2022 us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
15000000 usd
CY2022 us-gaap Proceeds From Issuance Of Convertible Preferred Stock
ProceedsFromIssuanceOfConvertiblePreferredStock
10000000 usd
CY2022 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
55000 usd
CY2022 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
4000 usd
CY2021 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
5002000 usd
CY2022 avct Payment Of Deferred Financing Fees
PaymentOfDeferredFinancingFees
1202000 usd
CY2021 avct Payment Of Deferred Financing Fees
PaymentOfDeferredFinancingFees
1872000 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
13491000 usd
CY2021 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
71886000 usd
CY2022 us-gaap Cash Provided By Used In Financing Activities Discontinued Operations
CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations
-5291000 usd
CY2021 us-gaap Cash Provided By Used In Financing Activities Discontinued Operations
CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations
5148000 usd
CY2022 us-gaap Cash Provided By Used In Investing Activities Discontinued Operations
CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations
31948000 usd
CY2021 us-gaap Cash Provided By Used In Investing Activities Discontinued Operations
CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations
-1012000 usd
CY2022 us-gaap Net Cash Provided By Used In Discontinued Operations
NetCashProvidedByUsedInDiscontinuedOperations
26657000 usd
CY2021 us-gaap Net Cash Provided By Used In Discontinued Operations
NetCashProvidedByUsedInDiscontinuedOperations
4136000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-22628000 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
24750000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
35255000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
10505000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
12627000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
35255000 usd
CY2022 us-gaap Interest Paid Net
InterestPaidNet
7896000 usd
CY2021 us-gaap Interest Paid Net
InterestPaidNet
1058000 usd
CY2022 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
342000 usd
CY2021 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
266000 usd
CY2022 avct Series B Preferred Stock Converted To Common Stock
SeriesBPreferredStockConvertedToCommonStock
4640000 usd
CY2022 avct Convertible Notes Converted To Common Stock
ConvertibleNotesConvertedToCommonStock
11672000 usd
CY2022 us-gaap Stock Issued1
StockIssued1
2427000 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
592000 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
592000 usd
CY2021 avct Noncash Conversion Of Debentures To Common Stock
NoncashConversionOfDebenturesToCommonStock
109695000 usd
CY2021 avct Relative Fair Value Of Warrants Issued With Convertible Debentures
RelativeFairValueOfWarrantsIssuedWithConvertibleDebentures
9223000 usd
CY2021 avct Capital Expenditures Included In Accounts Payable And Accrued Expenses
CapitalExpendituresIncludedInAccountsPayableAndAccruedExpenses
64000 usd
CY2021 us-gaap Conversion Of Stock Amount Issued1
ConversionOfStockAmountIssued1
12456000 usd
CY2021 us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
32100000 usd
CY2022Q3 avct Nasdaq Notices Description
NasdaqNoticesDescription
On September 30, 2022, the Company filed a Certificate of Amendment of the Company’s Amended and Restated Certificate of Incorporation with the Secretary of State of the State of Delaware (the “Certificate of Amendment”), which effected, upon filing on September 30, 2022 (the “Effective Stock Split Date”), a one-for-fifteen reverse stock split (the “Reverse Stock Split”) of the Company’s issued and outstanding shares of common stock.
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
12627000 usd
CY2022 avct Net Working Capital
NetWorkingCapital
15298000 usd
CY2022 us-gaap Use Of Estimates
UseOfEstimates
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0"><b><i>Use of estimates</i></b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify">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 and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of sales (or revenues) and expenses during the reporting period.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify">Making estimates require management to exercise significant judgment. It is at least reasonably possible that estimates made as of the date of the financial statements could change in the near term due to one or more future events. Accordingly, the actual results could differ significantly from those estimates. Significant accounting estimates reflected in the Company’s consolidated financial statements include, but are not limited to, revenue recognition, estimates of impairment on long-lived assets, allowance for doubtful accounts, recognition and measurement of income tax assets, valuation of share-based compensation, the valuation of net assets acquired and the identification and measurements inherent in the classification of certain components of our operations as discontinued operations.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"> </p>
CY2022Q4 us-gaap Allowance For Doubtful Accounts Premiums And Other Receivables
AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables
471000 usd
CY2021Q4 us-gaap Allowance For Doubtful Accounts Premiums And Other Receivables
AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables
147000 usd
CY2017Q3 avct Warrant Exercise Price
WarrantExercisePrice
172.5
CY2021 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
15319000 usd
CY2017Q3 avct Public Investors Shares
PublicInvestorsShares
1035000 shares
CY2017Q3 avct Purchase Options Granted
PurchaseOptionsGranted
45000 shares
CY2017Q3 avct Warrants Purchase Options
WarrantsPurchaseOptions
45000 shares
CY2017Q3 us-gaap Common Stock Other Shares Outstanding
CommonStockOtherSharesOutstanding
99000 shares
CY2017Q3 us-gaap Warrant Exercise Price Increase
WarrantExercisePriceIncrease
150
CY2022 us-gaap Sale Of Stock Number Of Shares Issued In Transaction
SaleOfStockNumberOfSharesIssuedInTransaction
1035000 shares
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageVolatilityRate
2.95 pure
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageVolatilityRate
0.70 pure
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExercisePrice
172.5
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExercisePrice
172.5
CY2022Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.042139 pure
CY2021Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.009577 pure
CY2022Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P2Y3M7D
CY2021Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P3Y1M9D
CY2022Q4 us-gaap Share Price
SharePrice
1.16
CY2021Q4 us-gaap Share Price
SharePrice
36.45
CY2022 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0"><b><i>Concentration of business and credit risk</i></b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Financial instruments, which potentially subject the Company to concentrations of credit risk, consist primarily of cash and trade receivables. Cash held by the Company, in financial institutions, regularly exceeds the federally insured limit of $250. At December 31, 2022, cash balances held with a financial institution exceeded the federally insured limit by $11,955. However, management does not believe this poses a significant credit risk. During the year ended December 31, 2022, one vendor accounted for more than 10% of cost of revenue, accounting for approximately $3,230. Additional concentration of business risks are summarized in the following table:</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0"> </p><table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="padding-left: 0.125in; text-indent: -0.125in"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="5" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">December 31, 2022</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="5" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">December 31, 2021</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 0.125in; text-indent: -0.125in"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Number of<br/> customers or<br/> vendors</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="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">Aggregate<br/> total</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Number of<br/> customers or<br/> vendors</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="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">Aggregate<br/> total</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 0.125in; text-indent: -0.125in; width: 66%; text-align: left">Customers that individually accounted for 10% or more of trade accounts receivable</td><td style="width: 1%"> </td> <td style="width: 6%; text-align: center">3</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 6%; text-align: right">6,217</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 6%; text-align: center">3</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 6%; text-align: right">6,104</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="padding-left: 0.125in; text-indent: -0.125in; text-align: left">Vendors that individually accounted for 10% or more of trade accounts payable</td><td> </td> <td style="text-align: center">2</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">3,139</td><td style="text-align: left"> </td><td> </td> <td style="text-align: center">2</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">2,527</td><td style="text-align: left"> </td></tr> </table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0"> </p><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td> <td colspan="6" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Year Ended December 31,</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">2022</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">2021</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 76%; text-align: left">Number of customers that individually accounted for 10% or more of sales</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">4</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">3</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left">Aggregate total sales of customers that individually accounted for 10% or more of sales</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">11,849</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">9,929</td><td style="text-align: left"> </td></tr> </table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0"> </p>
CY2022Q4 avct Cash Balances
CashBalances
11955 usd
CY2022 avct Percentage Of Cost Of Revenue
PercentageOfCostOfRevenue
0.10 pure
CY2022 avct Concentration Of Business Risks
ConcentrationOfBusinessRisks
3230000 usd
CY2022 avct Trade Accounts Receivable Percentage
TradeAccountsReceivablePercentage
0.10 pure
CY2021 avct Trade Accounts Receivable Percentage
TradeAccountsReceivablePercentage
0.10 pure
CY2022 avct Number Of Customers
NumberOfCustomers
3 pure
CY2022Q4 us-gaap Trade Receivables Held For Sale Amount
TradeReceivablesHeldForSaleAmount
6217000 usd
CY2021 avct Number Of Customers
NumberOfCustomers
3 pure
CY2021Q4 us-gaap Trade Receivables Held For Sale Amount
TradeReceivablesHeldForSaleAmount
6104000 usd
CY2022 avct Trade Accounts Payable Percentage
TradeAccountsPayablePercentage
0.10 pure
CY2021 avct Trade Accounts Payable Percentage
TradeAccountsPayablePercentage
0.10 pure
CY2022 avct Number Of Vendor
NumberOfVendor
2 pure
CY2022Q4 us-gaap Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
3139000 usd
CY2021 avct Number Of Vendor
NumberOfVendor
2 pure
CY2021Q4 us-gaap Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
2527000 usd
CY2022 avct Customers Sales From Continuing Operations
CustomersSalesFromContinuingOperations
0.10 pure
CY2021 avct Customers Sales From Continuing Operations
CustomersSalesFromContinuingOperations
0.10 pure
CY2022 avct Number Of Customerf Sales From Continuing Operations
NumberOfCustomerfSalesFromContinuingOperations
4 pure
CY2021 avct Number Of Customerf Sales From Continuing Operations
NumberOfCustomerfSalesFromContinuingOperations
3 pure
CY2022 avct Aggregate Sales From Continuing Operations Percentage
AggregateSalesFromContinuingOperationsPercentage
0.10 pure
CY2021 avct Aggregate Sales From Continuing Operations Percentage
AggregateSalesFromContinuingOperationsPercentage
0.10 pure
CY2022 avct Aggregate Sales From Continuing Operations
AggregateSalesFromContinuingOperations
11849000 usd
CY2021 avct Aggregate Sales From Continuing Operations
AggregateSalesFromContinuingOperations
9929000 usd
CY2022 us-gaap Disposal Group Including Discontinued Operation Costs Of Goods Sold
DisposalGroupIncludingDiscontinuedOperationCostsOfGoodsSold
14176000 usd
CY2021 us-gaap Disposal Group Including Discontinued Operation Costs Of Goods Sold
DisposalGroupIncludingDiscontinuedOperationCostsOfGoodsSold
67497000 usd
CY2022 us-gaap Disposal Group Including Discontinued Operation Gross Profit Loss
DisposalGroupIncludingDiscontinuedOperationGrossProfitLoss
5966000 usd
avct Warrants Issued To Related Parties
WarrantsIssuedToRelatedParties
63000 shares
CY2022Q4 us-gaap Noncurrent Assets
NoncurrentAssets
1301000 usd
CY2022 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><b><i>Reclassifications</i></b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><b><i> </i></b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify">Certain prior period amounts have been reclassified to conform to the current period presentation.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"> </p>
CY2021 avct Impairment Charge On Reclassified Asset
ImpairmentChargeOnReclassifiedAsset
32100000 usd
CY2022 avct Net Sale Proceeds
NetSaleProceeds
32112000 usd
CY2022 dei Security Exchange Name
SecurityExchangeName
NONE
CY2021Q4 us-gaap Disposal Group Including Discontinued Operation Cash
DisposalGroupIncludingDiscontinuedOperationCash
4136000 usd
CY2021Q4 us-gaap Disposal Group Including Discontinued Operation Prepaid And Other Assets Current
DisposalGroupIncludingDiscontinuedOperationPrepaidAndOtherAssetsCurrent
937000 usd
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
146000 usd
CY2021Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Assets Receivables
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsReceivables
19965000 usd
CY2021Q4 us-gaap Disposal Group Including Discontinued Operation Inventory1
DisposalGroupIncludingDiscontinuedOperationInventory1
2737000 usd
CY2021Q4 avct Assets Held For Sales Current
AssetsHeldForSalesCurrent
27775000 usd
CY2021Q4 us-gaap Disposal Group Including Discontinued Operation Property Plant And Equipment
DisposalGroupIncludingDiscontinuedOperationPropertyPlantAndEquipment
4489000 usd
CY2021Q4 us-gaap Disposal Group Including Discontinued Operation Goodwill1
DisposalGroupIncludingDiscontinuedOperationGoodwill1
6579000 usd
CY2021Q4 us-gaap Other Finite Lived Intangible Assets Gross
OtherFiniteLivedIntangibleAssetsGross
20105000 usd
CY2021Q4 avct Other Noncurrent Assets
OtherNoncurrentAssets
85000 usd
CY2021Q4 avct Assets Held For Sale Noncurrent
AssetsHeldForSaleNoncurrent
31258000 usd
CY2021Q4 us-gaap Assets Of Disposal Group Including Discontinued Operation
AssetsOfDisposalGroupIncludingDiscontinuedOperation
59033000 usd
CY2021Q4 us-gaap Disposal Group Including Discontinued Operation Accounts Payable And Accrued Liabilities
DisposalGroupIncludingDiscontinuedOperationAccountsPayableAndAccruedLiabilities
26023000 usd
CY2021Q4 us-gaap Disposal Group Including Discontinued Operation Deferred Revenue
DisposalGroupIncludingDiscontinuedOperationDeferredRevenue
3214000 usd
CY2021Q4 avct Liabilities Associated With Assets Held For Sale Current
LiabilitiesAssociatedWithAssetsHeldForSaleCurrent
29237000 usd
CY2021Q4 us-gaap Disposal Group Including Discontinued Operation Other Liabilities
DisposalGroupIncludingDiscontinuedOperationOtherLiabilities
102000 usd
CY2021Q4 us-gaap Liabilities Of Disposal Group Including Discontinued Operation Noncurrent
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationNoncurrent
102000 usd
CY2021Q4 us-gaap Liabilities Of Disposal Group Including Discontinued Operation
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation
29339000 usd
CY2022 avct Disposal Group Hardware
DisposalGroupHardware
-10948000 usd
CY2021 avct Disposal Group Hardware
DisposalGroupHardware
-55551000 usd
CY2022 avct Disposal Group Third Party Software And Maintenance
DisposalGroupThirdPartySoftwareAndMaintenance
-1815000 usd
CY2021 avct Disposal Group Third Party Software And Maintenance
DisposalGroupThirdPartySoftwareAndMaintenance
-7611000 usd
CY2022 avct Disposal Group Managed And Professional Services
DisposalGroupManagedAndProfessionalServices
-7214000 usd
CY2021 avct Disposal Group Managed And Professional Services
DisposalGroupManagedAndProfessionalServices
-32796000 usd
CY2022 us-gaap Disposal Group Including Discontinued Operation Other Income
DisposalGroupIncludingDiscontinuedOperationOtherIncome
165000 usd
CY2021 us-gaap Disposal Group Including Discontinued Operation Other Income
DisposalGroupIncludingDiscontinuedOperationOtherIncome
978000 usd
CY2022 us-gaap Disposal Group Including Discontinued Operation Revenue
DisposalGroupIncludingDiscontinuedOperationRevenue
20142000 usd
CY2021 us-gaap Disposal Group Including Discontinued Operation Revenue
DisposalGroupIncludingDiscontinuedOperationRevenue
96936000 usd
CY2021 us-gaap Disposal Group Including Discontinued Operation Gross Profit Loss
DisposalGroupIncludingDiscontinuedOperationGrossProfitLoss
29439000 usd
CY2021 avct Goodwill Impairments
GoodwillImpairments
32100000 usd
CY2022 us-gaap Disposal Group Including Discontinued Operation General And Administrative Expense
DisposalGroupIncludingDiscontinuedOperationGeneralAndAdministrativeExpense
9520000 usd
CY2021 us-gaap Disposal Group Including Discontinued Operation General And Administrative Expense
DisposalGroupIncludingDiscontinuedOperationGeneralAndAdministrativeExpense
30847000 usd
CY2022 us-gaap Disposal Group Including Discontinued Operation Operating Expense
DisposalGroupIncludingDiscontinuedOperationOperatingExpense
-3554000 usd
CY2021 us-gaap Disposal Group Including Discontinued Operation Operating Expense
DisposalGroupIncludingDiscontinuedOperationOperatingExpense
-33508000 usd
CY2022 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
4314000 usd
CY2021 us-gaap Gains Losses On Extinguishment Of Debt Before Write Off Of Deferred Debt Issuance Cost
GainsLossesOnExtinguishmentOfDebtBeforeWriteOffOfDeferredDebtIssuanceCost
4177000 usd
CY2021 us-gaap Disposal Group Including Discontinued Operation Interest Expense
DisposalGroupIncludingDiscontinuedOperationInterestExpense
1152000 usd
CY2021 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
22000 usd
CY2022 us-gaap Disposal Group Including Discontinued Operation Operating Income Loss
DisposalGroupIncludingDiscontinuedOperationOperatingIncomeLoss
4314000 usd
CY2021 us-gaap Disposal Group Including Discontinued Operation Operating Income Loss
DisposalGroupIncludingDiscontinuedOperationOperatingIncomeLoss
3047000 usd
CY2022 us-gaap Discontinued Operation Income Loss From Discontinued Operation Before Income Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax
760000 usd
CY2021 us-gaap Discontinued Operation Income Loss From Discontinued Operation Before Income Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax
-30461000 usd
CY2022 us-gaap Discontinued Operation Tax Effect Of Discontinued Operation
DiscontinuedOperationTaxEffectOfDiscontinuedOperation
-36000 usd
CY2021 us-gaap Discontinued Operation Tax Effect Of Discontinued Operation
DiscontinuedOperationTaxEffectOfDiscontinuedOperation
-71000 usd
CY2022 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
724000 usd
CY2021 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
-30532000 usd
CY2022Q4 us-gaap Furniture And Fixtures Gross
FurnitureAndFixturesGross
8213000 usd
CY2021Q4 us-gaap Furniture And Fixtures Gross
FurnitureAndFixturesGross
6142000 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
3429000 usd
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1389000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
4784000 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
4753000 usd
CY2022 us-gaap Depreciation
Depreciation
2029000 usd
CY2021 us-gaap Depreciation
Depreciation
1275000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Four
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearFour
152000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Five
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearFive
155000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due After Rolling Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterRollingYearFive
52000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
654000 usd
CY2022Q4 avct Imputed Interest
ImputedInterest
-109000 usd
CY2021 us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
2751000 usd
CY2020Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
18071000 usd
CY2021 us-gaap Adjustment For Amortization
AdjustmentForAmortization
-2752000 usd
CY2021 us-gaap Other Asset Impairment Charges
OtherAssetImpairmentCharges
15319000 usd
CY2020Q4 us-gaap Goodwill Gross
GoodwillGross
24144000 usd
CY2021 us-gaap Asset Impairment Charges
AssetImpairmentCharges
13676000 usd
CY2021Q4 us-gaap Goodwill Gross
GoodwillGross
10468000 usd
CY2022 us-gaap Asset Impairment Charges
AssetImpairmentCharges
10468000 usd
CY2022Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
592000 usd
CY2022Q4 avct Operating Lease Rightofuse Assetincluded In Other Noncurrent Assets On The Consolidated Balan
OperatingLeaseRightofuseAssetincludedInOtherNoncurrentAssetsOnTheConsolidatedBalan
503000 usd
CY2022Q4 avct Operating Lease Liability Currentincluded In Other Current Liabilities On The Consolidated Balance
OperatingLeaseLiabilityCurrentincludedInOtherCurrentLiabilitiesOnTheConsolidatedBalance
104000 usd
CY2022Q4 avct Operating Lease Liability Longtermincluded In Other Liabilities On The Consolidated Balance Sheet
OperatingLeaseLiabilityLongtermincludedInOtherLiabilitiesOnTheConsolidatedBalanceSheet
441000 usd
CY2022Q4 avct Total Operating Lease Liability
TotalOperatingLeaseLiability
545000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Rolling Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextRollingTwelveMonths
146000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Three
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearThree
149000 usd
CY2022Q4 avct Total Operating Lease Liabilities
TotalOperatingLeaseLiabilities
545000 usd
CY2022 us-gaap Lease Cost
LeaseCost
780000 usd
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
139000 usd
CY2022 us-gaap Short Term Lease Cost
ShortTermLeaseCost
641000 usd
CY2021 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
586000 usd
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y3M18D
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0828 pure
CY2022 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
96000 usd
CY2022Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
2980000 usd
CY2021Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
3692000 usd
CY2022Q4 avct Accrued Compensation Benefits And Related Accruals
AccruedCompensationBenefitsAndRelatedAccruals
3637000 usd
CY2021Q4 avct Accrued Compensation Benefits And Related Accruals
AccruedCompensationBenefitsAndRelatedAccruals
6412000 usd
CY2022Q4 us-gaap Accrued Professional Fees Current And Noncurrent
AccruedProfessionalFeesCurrentAndNoncurrent
1181000 usd
CY2021Q4 us-gaap Accrued Professional Fees Current And Noncurrent
AccruedProfessionalFeesCurrentAndNoncurrent
1867000 usd
CY2022Q4 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
500000 usd
CY2021Q4 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
2285000 usd
CY2021Q4 avct Third Party Interest Accrual
ThirdPartyInterestAccrual
2180000 usd
CY2022Q4 us-gaap Other Accounts Payable And Accrued Liabilities
OtherAccountsPayableAndAccruedLiabilities
353000 usd
CY2021Q4 us-gaap Other Accounts Payable And Accrued Liabilities
OtherAccountsPayableAndAccruedLiabilities
578000 usd
CY2022Q4 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
8651000 usd
CY2021Q4 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
17014000 usd
CY2021Q4 avct Term Loan Credit Facilitiy
TermLoanCreditFacilitiy
27000000 usd
CY2022Q1 us-gaap Management Fee Expense
ManagementFeeExpense
920000 usd
CY2022Q4 us-gaap Long Term Debt Percentage Bearing Variable Interest Rate
LongTermDebtPercentageBearingVariableInterestRate
0.10 pure
CY2022 avct Guaranteed Minimum Return
GuaranteedMinimumReturn
7290000 usd
CY2022 us-gaap Administrative Fees Expense
AdministrativeFeesExpense
675000 usd
CY2022 avct Common Stock At Exercise Price Per Share
CommonStockAtExercisePricePerShare
0.0015
CY2022 avct Common Stock Outstanding Percentage
CommonStockOutstandingPercentage
0.025 pure
CY2022 avct Warrants Exercisable For An Aggregate Of Shares
WarrantsExercisableForAnAggregateOfShares
1061779 shares
CY2021Q3 avct Promissory Notes Description
PromissoryNotesDescription
the Company entered into a promissory note in the principal amount of $5,000 (the “2021 Note”). For a fee of $1,250, the maturity date of the 2021 Note, which was secured by a shareholder that owned more than five percent of the Company’s shares, was amended to occur on the earliest of (a) September 16, 2022, (b) the Company’s consummation of primary sales of registered equity securities resulting in the receipt of gross proceeds of not less than $20,000 and (c) the consummation of the sale of the Computex business unit.
CY2022Q4 avct Waiver Fee Amount
WaiverFeeAmount
250000 usd
CY2022Q4 us-gaap Long Term Debt Maturity Date
LongTermDebtMaturityDate
2022-05-01
CY2022Q1 avct Minimum Required Return Percentage
MinimumRequiredReturnPercentage
0.25 pure
CY2022Q4 us-gaap Accounts Payable Trade Current And Noncurrent
AccountsPayableTradeCurrentAndNoncurrent
2430000 usd
CY2022Q4 us-gaap Long Term Debt Percentage Bearing Variable Interest Rate
LongTermDebtPercentageBearingVariableInterestRate
0.06 pure
CY2022Q4 avct Frequency Of Payments On Monthly Basis
FrequencyOfPaymentsOnMonthlyBasis
400000 usd
CY2022Q4 us-gaap Debt Instrument Periodic Payment Terms Balloon Payment To Be Paid
DebtInstrumentPeriodicPaymentTermsBalloonPaymentToBePaid
400000 usd
CY2022Q4 us-gaap Notes And Loans Payable
NotesAndLoansPayable
2315000 usd
CY2022Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000 shares
CY2022Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2022Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
500000000 shares
CY2022Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2022Q4 avct Common Stock Vote Per Share
CommonStockVotePerShare
1 pure
CY2022Q4 us-gaap Excess Stock Shares Issued
ExcessStockSharesIssued
33532473 shares
CY2022Q4 us-gaap Excess Stock Shares Outstanding
ExcessStockSharesOutstanding
33532473 shares
CY2022 avct Warrant Purchase Description
WarrantPurchaseDescription
On November 2, 2021, the Company entered into a securities purchase agreement (the “November Purchase Agreement”) with a buyer for the purchase and sale of (i) a warrant to purchase up to 333,333 shares (at the time) of the Company’s common stock, subject to increases as described below (the “Series A Warrants”), in a private placement; and (ii) an aggregate of 166,666 shares of the Company’s common stock, and a warrant to purchase up to 166,666 shares of the Company’s common stock (the “Series B Warrants” and, collectively with the Series A Warrants, the “A&B Warrants,” in a registered direct offering. The aggregate purchase price for the shares and the A&B Warrants was $5,000. 
CY2022 avct Gross Proceeds
GrossProceeds
0.07 pure
CY2022 avct Warrants Issued Purchase Description
WarrantsIssuedPurchaseDescription
At the closing, the Company issued to such buyer (i) a warrant (the “Series D Warrant”) to purchase up to 1,041,666 shares of the Company’s common stock, in a private placement; and (ii) an aggregate of 522,666 shares of the Company’s common stock, and 12,456 shares of Series A Preferred Stock (“Series A Preferred”) with a stated value of $1,000 per share, initially convertible into 519,000 shares of the Company’s common stock, in a registered direct offering. The aggregate purchase price paid at the closing for the common stock, the Series A Preferred and the Series D Warrants was $25,000.
CY2022Q1 avct Convertible Common Stock
convertibleCommonStock
1433333 shares
CY2022Q1 us-gaap Debt Conversion Converted Instrument Warrants Or Options Issued1
DebtConversionConvertedInstrumentWarrantsOrOptionsIssued1
1075000 shares
CY2022Q1 us-gaap Preferred Stock Conversion Basis
PreferredStockConversionBasis
On March 1, 2022, the Company consummated the Initial Closing in which the Company issued to such buyer (i) 16,125 Series B Preferred Stock with a stated value of $1,000 per share, initially convertible into up to 1,075,000 shares of the Company’s common stock and (ii) the February 2022 Warrants that were initially exercisable for up to 1,075,000 shares of the Company’s common stock, in a registered direct offering. 
CY2022Q1 avct Warrant Reduced Percentage
WarrantReducedPercentage
0.333 pure
CY2022 avct Weighted Average Price Percentage
WeightedAveragePricePercentage
0.88 pure
CY2022Q2 avct Purchase Agreement Percentage
PurchaseAgreementPercentage
0.05 pure
CY2022Q2 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
12000000 usd
CY2022Q2 avct Purchase Price
PurchasePrice
10000000 usd
CY2022Q2 avct Net Proceeds
NetProceeds
9950000 usd
CY2022 us-gaap Debt Instrument Maturity Date Description
DebtInstrumentMaturityDateDescription
The Company was required to redeem $800 of the outstanding amounts under the Convertible Notes on a monthly basis, commencing on August 1, 2022, until the maturity date of October 1, 2023. Subject to certain conditions, including certain equity conditions, the Company was permitted to pay the amount due on each monthly redemption date, and the amount due at maturity, either in cash, shares of the Company’s common stock or a combination. The number of shares used to pay any portion of the Convertible Notes was generally calculated using a conversion rate of 88% of the lowest daily volume weighted average price of the common stock during the eight trading days immediately prior to the payment date.
CY2022Q4 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
12000000 usd
CY2022Q2 avct Convertible Notes Payables
ConvertibleNotesPayables
721000 usd
CY2022 us-gaap Convertible Preferred Stock Terms Of Conversion
ConvertiblePreferredStockTermsOfConversion
●An exchange agreement (the “Exchange Agreement”) on September 11, 2022, with the holders of the Series B Preferred Stock and Convertible Notes, pursuant to which the parties agreed, among other things, to (i) exchange the remaining amount outstanding under the Series B Preferred Stock, consisting of $3,942 in stated value, into rights to acquire an aggregate of 1,720,428 shares of the Company’s common stock and (ii) to convert $1,600 in original principal amount of the Convertible Notes into 698,217 shares of the Company’s common stock. The $3,942 represented the remainder of certain additional financing charges of $7,125 which arose as a result of the stock price being below a floor price, as defined in the agreement. Of the total financing charges of $7,125, an aggregate of $3,183 was paid in cash.
CY2022Q3 avct Warrants Issued
WarrantsIssued
6186642 shares
CY2022Q3 us-gaap Sale Of Stock Number Of Shares Issued In Transaction
SaleOfStockNumberOfSharesIssuedInTransaction
4515000 shares
CY2022Q3 avct Net Proceeds
NetProceeds
14339000 usd
CY2022Q3 avct Commission Percentage
CommissionPercentage
0.03 pure
CY2022Q4 avct Sale Of Securities Description
SaleOfSecuritiesDescription
the Company consummated a securities purchase agreement entered into with two institutional accredited investors, relating to the sale of (i) an aggregate of 5,000,000 shares of the Company’s common stock, in a registered direct offering and (ii) warrants to purchase up to an aggregate of 10,000,000 shares of the Company’s common stock at an exercise price of $1.80 per share, in a concurrent private placement, for a combined purchase price of $2.00 per share. The Company later filed, within the required 30 day period, a registration statement to register the resale of the shares of common stock issuable upon exercise of the warrants. In addition, the Company had agreed, subject to certain exceptions, not to issue or agree to issue any shares of the Company’s common stock or common stock equivalents for a period ending on the later of (i) 90 days after the transaction’s closing date and (ii) the date on which the resale registration statement was declared effective by the SEC. The resale registration statement was subsequently declared effective.
CY2020Q2 avct Principle Amount Of Debenture
PrincipleAmountOfDebenture
1000000 usd
CY2020Q2 avct Warrants To Purchase Common Stock
WarrantsToPurchaseCommonStock
6 shares
CY2020Q2 avct Stock Options Exercise Price
StockOptionsExercisePrice
0.15
CY2020Q4 avct Purchase Agreement
PurchaseAgreement
43778 shares
CY2020Q4 avct Purchase Unit
PurchaseUnit
10000 shares
CY2020Q4 avct Shareholder Unit
ShareholderUnit
1000 shares
CY2021Q1 avct Units Of Debentures Sold
UnitsOfDebenturesSold
24000 shares
CY2021Q2 avct Units Of Debentures Sold
UnitsOfDebenturesSold
24000 shares
CY2021Q1 avct Related Party Shares
RelatedPartyShares
9540 shares
CY2021Q2 avct Related Party Shares
RelatedPartyShares
9540 shares
CY2022Q4 us-gaap Debt Instrument Annual Principal Payment
DebtInstrumentAnnualPrincipalPayment
8566000 usd
CY2020Q4 avct Purchase Agreement Amount
PurchaseAgreementAmount
43778000 usd
CY2020Q4 avct Sold Price
SoldPrice
10000000 usd
CY2020Q4 avct Shareholder Price
ShareholderPrice
1000000 usd
avct Additional Sales
AdditionalSales
24000000 usd
avct Related Party Sales
RelatedPartySales
9540000 usd
CY2022 avct Bore Interest Rate
BoreInterestRate
0.10 pure
CY2021Q3 us-gaap Conversion Of Stock Shares Converted1
ConversionOfStockSharesConverted1
2587414 shares
CY2022 avct Warrants Description
WarrantsDescription
The Penny Warrants issued on April 7, 2020 entitled the holders to purchase an aggregate of up to 287,795 shares of the Company’s common stock (including warrants to purchase up to 133,333 shares, 57,106 shares, and 20,000 shares issued to Holdings, the Sponsor and MasTec Inc., respectively, as part of the Units issued to them), at an exercise price of $0.15 per share. 
CY2021 avct Warrant Agreements
WarrantAgreements
444553 shares
CY2021 avct Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeitures
291853 shares
CY2022 avct Total Number Of Unexercised Penny Warrants
TotalNumberOfUnexercisedPennyWarrants
75525 shares
CY2021 avct Accretion Of Discount Amount
AccretionOfDiscountAmount
9253000 usd
CY2021 us-gaap Paid In Kind Interest
PaidInKindInterest
8257000 usd
CY2022Q2 us-gaap Reinsurance Recoverables On Unpaid Losses Gross
ReinsuranceRecoverablesOnUnpaidLossesGross
900000 usd
CY2022Q2 avct Monthly Payment Amount To Be Paid The Related Party Payable
MonthlyPaymentAmountToBePaidTheRelatedPartyPayable
100000 usd
CY2022 us-gaap Related Party Transaction Selling General And Administrative Expenses From Transactions With Related Party
RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty
150000 usd
CY2021 us-gaap Related Party Transaction Selling General And Administrative Expenses From Transactions With Related Party
RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty
600000 usd
CY2022Q4 us-gaap Accounts Payable And Accrued Liabilities Noncurrent
AccountsPayableAndAccruedLiabilitiesNoncurrent
500000 usd
CY2021Q4 us-gaap Accounts Payable And Accrued Liabilities Noncurrent
AccountsPayableAndAccruedLiabilitiesNoncurrent
750000 usd
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
180000 usd
CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
302000 usd
CY2022 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
137000 usd
CY2021 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
2437000 usd
CY2022 us-gaap Asset Retirement Obligation Cash Paid To Settle
AssetRetirementObligationCashPaidToSettle
2500000 usd
CY2022 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
1708000 usd
CY2022 us-gaap Payments For Fees
PaymentsForFees
25000 usd
CY2022 us-gaap Interest Expense
InterestExpense
764000 usd
CY2021Q4 us-gaap Deposit Liabilities Accrued Interest
DepositLiabilitiesAccruedInterest
736000 usd
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber
328997000 shares
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Rights
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingRights
RSUs issued to nondirectors are 50% time-based and 50% performance-based. Twenty-five percent or, in some cases, one-third, of the time-based awards vests on each grant date anniversary, while 25% or, in some cases, one-third of the performance-based awards vests on December 31st of each year, if the market condition (stock price target) is met. If the market condition attached to the performance-based awards is not met in any year, the eligibility is delayed until the market condition is met, except that the market condition must be met by the third anniversary or, in some cases, the second anniversary of the first target date.
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.72 pure
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.68 pure
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P0Y10M24D
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P0Y10M28D
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.008 pure
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0009 pure
CY2020Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
156333 shares
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
49.35
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
160417 shares
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
83.7
CY2021 avct Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number Of Rs Us Vestedand Delivered
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumberOfRSUsVestedandDelivered
44583 shares
CY2021 avct Weighted Average Grant Date Fair Value Vested And Delivered
WeightedAverageGrantDateFairValueVestedAndDelivered
52.05
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
26333 shares
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
54.6
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
66279 shares
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedWeightedAverageGrantDateFairValue
72.75
CY2021Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
179555 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
67.8
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
201264 shares
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
18
CY2022 avct Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number Of Rs Us Vestedand Delivered
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumberOfRSUsVestedandDelivered
74152 shares
CY2022 avct Weighted Average Grant Date Fair Value Vested And Delivered
WeightedAverageGrantDateFairValueVestedAndDelivered
57.9
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
6666 shares
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
51.3
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
99556 shares
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedWeightedAverageGrantDateFairValue
33.6
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
66666 shares
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
32.1
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
133779 shares
CY2022Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
40.78
CY2022Q4 us-gaap Assets Held In Trust Current
AssetsHeldInTrustCurrent
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CY2022 avct Awards Outstanding Description
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Awards outstanding in the table above exclude 37,027 performance-based RSUs that have been awarded but deemed not granted as the performance targets have not yet been determined.
CY2022 avct Total Expense
TotalExpense
1763000 usd
CY2021 avct Total Expense
TotalExpense
8629000 usd
CY2022 avct Fair Value Awards Vested
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1018000 usd
CY2021 avct Fair Value Awards Vested
FairValueAwardsVested
3521000 usd
CY2022 avct Unvested Awards
UnvestedAwards
1358000 usd
CY2022 avct Loss From Continuing Operations Net Of Tax
LossFromContinuingOperationsNetOfTax
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CY2021 avct Loss From Continuing Operations Net Of Tax
LossFromContinuingOperationsNetOfTax
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CY2022 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
724000 usd
CY2021 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
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CY2022 us-gaap Net Income Loss
NetIncomeLoss
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CY2021 us-gaap Net Income Loss
NetIncomeLoss
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CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
2376044 shares
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CY2021 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
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CY2022 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.06
CY2021 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
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CY2022 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-2.89
CY2021 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-67.92
CY2022 avct Antidilutive Securities Included From Computation Of Earnings Per Share Amount
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3050609 shares
CY2021 avct Antidilutive Securities Included From Computation Of Earnings Per Share Amount
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4185123 shares
CY2022Q4 us-gaap Deferred Tax Asset Interest Carryforward
DeferredTaxAssetInterestCarryforward
6835000 usd
CY2021Q4 us-gaap Deferred Tax Asset Interest Carryforward
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CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.023 pure
CY2022 avct Effective Income Tax Rate Reconciliation Permanent Differences
EffectiveIncomeTaxRateReconciliationPermanentDifferences
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CY2021 avct Effective Income Tax Rate Reconciliation Permanent Differences
EffectiveIncomeTaxRateReconciliationPermanentDifferences
0.001 pure
CY2022 avct Effective Income Tax Rate Reconciliation Return To Provision
EffectiveIncomeTaxRateReconciliationReturnToProvision
0.002 pure
CY2021 avct Effective Income Tax Rate Reconciliation Return To Provision
EffectiveIncomeTaxRateReconciliationReturnToProvision
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CY2022 avct Effective Income Tax Rate Reconciliation Change In Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInValuationAllowance
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CY2021 avct Effective Income Tax Rate Reconciliation Change In Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInValuationAllowance
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CY2022 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.013 pure
CY2022 avct Effective Income Tax Rate Reconciliation Warrants
EffectiveIncomeTaxRateReconciliationWarrants
0.126 pure
CY2021 avct Effective Income Tax Rate Reconciliation Warrants
EffectiveIncomeTaxRateReconciliationWarrants
-0.054 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation Deductions Other
EffectiveIncomeTaxRateReconciliationDeductionsOther
0.011 pure
CY2022 avct Effective Income Tax Rate Reconciliation Provision
EffectiveIncomeTaxRateReconciliationProvision
-0.014 pure
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Reserves
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsReserves
113000 usd
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Reserves
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsReserves
70000 usd
CY2022Q4 us-gaap Deferred Tax Assets Deferred Income
DeferredTaxAssetsDeferredIncome
5000 usd
CY2021Q4 us-gaap Deferred Tax Assets Deferred Income
DeferredTaxAssetsDeferredIncome
15000 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
705000 usd
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
1428000 usd
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Other
DeferredTaxAssetsTaxDeferredExpenseOther
148000 usd
CY2022Q4 us-gaap Deferred Tax Assets Charitable Contribution Carryforwards
DeferredTaxAssetsCharitableContributionCarryforwards
15000 usd
CY2021Q4 us-gaap Deferred Tax Assets Charitable Contribution Carryforwards
DeferredTaxAssetsCharitableContributionCarryforwards
13000 usd
CY2022Q4 us-gaap Deferred Tax Liabilities Deferred Expense Capitalized Research And Development Costs
DeferredTaxLiabilitiesDeferredExpenseCapitalizedResearchAndDevelopmentCosts
3409000 usd
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards Domestic
DeferredTaxAssetsOperatingLossCarryforwardsDomestic
131000 usd
CY2022Q4 us-gaap Deferred Tax Assets Goodwill And Intangible Assets
DeferredTaxAssetsGoodwillAndIntangibleAssets
9275000 usd
CY2021Q4 us-gaap Deferred Tax Assets Goodwill And Intangible Assets
DeferredTaxAssetsGoodwillAndIntangibleAssets
5057000 usd
CY2021Q4 avct Deferred Tax Assets Transaction Costs
DeferredTaxAssetsTransactionCosts
817000 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
1497000 usd
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
2113000 usd
CY2022Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
12000 usd
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
23259000 usd
CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
17402000 usd
CY2022Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
45256000 usd
CY2021Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
32080000 usd
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
44591000 usd
CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
30986000 usd
CY2022Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
665000 usd
CY2021Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
1094000 usd
CY2022Q4 us-gaap Deferred Tax Liabilities Prepaid Expenses
DeferredTaxLiabilitiesPrepaidExpenses
544000 usd
CY2021Q4 us-gaap Deferred Tax Liabilities Prepaid Expenses
DeferredTaxLiabilitiesPrepaidExpenses
530000 usd
CY2022Q4 us-gaap Deferred Tax Liabilities Leasing Arrangements
DeferredTaxLiabilitiesLeasingArrangements
121000 usd
CY2021Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
-564000 usd
CY2022Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
665000 usd
CY2021Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
1094000 usd
CY2022Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
97695000 usd
CY2022 avct Expire Amount
ExpireAmount
1117000 usd
CY2022 avct Expire Date
ExpireDate
2036
CY2022 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.80 pure
CY2022Q4 avct Loss Carryforwards Amount
LossCarryforwardsAmount
44728000 usd
CY2022 us-gaap Other Tax Expense Benefit
OtherTaxExpenseBenefit
529000 usd
CY2022 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
544000 usd
CY2022 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
234000 usd
CY2022Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
778000 usd
CY2021Q2 avct Lawsuit Claims Amount Paid To Settle Claims
LawsuitClaimsAmountPaidToSettleClaims
188000 usd
CY2021Q4 us-gaap Due To Related Parties Current
DueToRelatedPartiesCurrent
85000 usd
CY2022Q4 us-gaap Goodwill
Goodwill
usd
CY2022Q4 us-gaap Assets Held In Trust Noncurrent
AssetsHeldInTrustNoncurrent
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CY2022Q4 avct Subordinated Promissory Note Related Party
SubordinatedPromissoryNoteRelatedParty
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CY2022Q4 us-gaap Liabilities Of Disposal Group Including Discontinued Operation Current
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent
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CY2022Q4 us-gaap Liabilities Of Disposal Group Including Discontinued Operation Noncurrent
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationNoncurrent
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CY2022Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
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CY2021Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
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CY2022Q4 us-gaap Preferred Stock Value
PreferredStockValue
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CY2021Q4 us-gaap Preferred Stock Value
PreferredStockValue
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CY2022Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
shares
CY2021 avct Other Revenue
OtherRevenue
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CY2021 us-gaap Unrealized Gain Loss On Derivatives And Commodity Contracts
UnrealizedGainLossOnDerivativesAndCommodityContracts
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CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
13756856 shares
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
2376044 shares
CY2022 avct Common Stock Redeemed And Retired See Note11
CommonStockRedeemedAndRetiredSeeNote11
usd
CY2022 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
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CY2021 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
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CY2021 us-gaap Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
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CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
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CY2022 avct Amortization Of Convertible Debenture Discount Relative To Warrants
AmortizationOfConvertibleDebentureDiscountRelativeToWarrants
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CY2022 us-gaap Paid In Kind Interest
PaidInKindInterest
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CY2021 us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
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CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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CY2021 avct Net Gain On Sale Of Certain Rights To Software
NetGainOnSaleOfCertainRightsToSoftware
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CY2021 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
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CY2022 us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
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CY2021 us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
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CY2021 us-gaap Proceeds From Issuance Of Convertible Preferred Stock
ProceedsFromIssuanceOfConvertiblePreferredStock
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CY2021 avct Series B Preferred Stock Converted To Common Stock
SeriesBPreferredStockConvertedToCommonStock
usd
CY2021 avct Convertible Notes Converted To Common Stock
ConvertibleNotesConvertedToCommonStock
usd
CY2021 us-gaap Stock Issued1
StockIssued1
usd
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
usd
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
usd
CY2022 avct Noncash Conversion Of Debentures To Common Stock
NoncashConversionOfDebenturesToCommonStock
usd
CY2022 avct Relative Fair Value Of Warrants Issued With Convertible Debentures
RelativeFairValueOfWarrantsIssuedWithConvertibleDebentures
usd
CY2022 avct Capital Expenditures Included In Accounts Payable And Accrued Expenses
CapitalExpendituresIncludedInAccountsPayableAndAccruedExpenses
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CY2022 us-gaap Conversion Of Stock Amount Issued1
ConversionOfStockAmountIssued1
usd
CY2021 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
usd
CY2022 us-gaap Disposal Group Including Discontinued Operation Interest Expense
DisposalGroupIncludingDiscontinuedOperationInterestExpense
usd
CY2022 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
usd
CY2021Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
usd
CY2022Q4 us-gaap Goodwill Gross
GoodwillGross
usd
CY2022Q4 avct Third Party Interest Accrual
ThirdPartyInterestAccrual
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CY2022Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
shares
CY2022Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
shares
CY2021Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
shares
CY2021Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
shares
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
13756856 shares
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
2376044 shares
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Other
DeferredTaxAssetsTaxDeferredExpenseOther
usd
CY2021Q4 us-gaap Deferred Tax Liabilities Deferred Expense Capitalized Research And Development Costs
DeferredTaxLiabilitiesDeferredExpenseCapitalizedResearchAndDevelopmentCosts
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CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards Domestic
DeferredTaxAssetsOperatingLossCarryforwardsDomestic
usd
CY2022Q4 avct Deferred Tax Assets Transaction Costs
DeferredTaxAssetsTransactionCosts
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CY2021Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
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CY2021Q4 us-gaap Deferred Tax Liabilities Leasing Arrangements
DeferredTaxLiabilitiesLeasingArrangements
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CY2022Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
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CY2022Q4 us-gaap Deferred Income Taxes And Other Tax Liabilities Noncurrent
DeferredIncomeTaxesAndOtherTaxLiabilitiesNoncurrent
usd
CY2021Q4 us-gaap Deferred Income Taxes And Other Tax Liabilities Noncurrent
DeferredIncomeTaxesAndOtherTaxLiabilitiesNoncurrent
usd
CY2021Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
usd
CY2022 dei Amendment Flag
AmendmentFlag
false
CY2022 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2022 dei Entity Central Index Key
EntityCentralIndexKey
0001704760

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