Winc, Inc.

2022 Q3 Form 10-Q Financial Statement

#000095017022016849 Filed on August 11, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022 Q1

Balance Sheet

Concept 2022 Q3 2022 Q2 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.760M $4.914M $4.272M
YoY Change 71.22% 105.09%
Cash & Equivalents $2.760M $4.914M $4.272M
Short-Term Investments
Other Short-Term Assets $2.854M $5.362M $6.544M
YoY Change -36.05% 31.91%
Inventory $25.73M $26.44M $23.15M
Prepaid Expenses $2.854M $5.362M $6.544M
Receivables $3.309M $4.414M $3.761M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $34.65M $41.13M $37.72M
YoY Change 10.6% 26.31%
LONG-TERM ASSETS
Property, Plant & Equipment $517.0K $570.0K $753.0K
YoY Change -37.41% -17.87%
Goodwill
YoY Change
Intangibles $10.98M $11.44M $11.27M
YoY Change 11.64%
Long-Term Investments
YoY Change
Other Assets $157.0K $127.0K $160.0K
YoY Change -92.89% -79.42%
Total Long-Term Assets $15.67M $16.54M $16.97M
YoY Change 21.73% 46.76%
TOTAL ASSETS
Total Short-Term Assets $34.65M $41.13M $37.72M
Total Long-Term Assets $15.67M $16.54M $16.97M
Total Assets $50.32M $57.67M $54.70M
YoY Change 13.84% 31.56%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.378M $3.568M $4.541M
YoY Change -20.14% -53.78%
Accrued Expenses $6.614M $6.332M $5.546M
YoY Change 7.79% 1.18%
Deferred Revenue $13.93M $13.58M $12.77M
YoY Change 26.67%
Short-Term Debt $4.400M $6.500M $3.000M
YoY Change -20.0% 550.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $32.76M $34.65M $28.12M
YoY Change 11.74% 27.42%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $3.992M $5.802M $6.228M
YoY Change -45.26% -23.46%
Total Long-Term Liabilities $3.992M $5.802M $6.228M
YoY Change -23.46%
TOTAL LIABILITIES
Total Short-Term Liabilities $32.76M $34.65M $28.12M
Total Long-Term Liabilities $3.992M $5.802M $6.228M
Total Liabilities $36.75M $40.46M $34.35M
YoY Change 0.39% 16.33%
SHAREHOLDERS EQUITY
Retained Earnings -$84.10M -$79.90M -$76.00M
YoY Change 27.23%
Common Stock $1.000K $1.000K $1.000K
YoY Change -50.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $7.000K $7.000K $7.000K
YoY Change 0.0%
Treasury Stock Shares
Shareholders Equity $13.57M $17.22M $20.35M
YoY Change
Total Liabilities & Shareholders Equity $50.32M $57.67M $54.70M
YoY Change 13.84% 31.56%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022 Q1

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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dei Document Period End Date
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2022-06-30
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dei Entity File Number
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dei Entity Registrant Name
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Winc, Inc.
dei Entity Incorporation State Country Code
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1751 Berkeley St, Studio 3
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dei Security12b Title
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-26000
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
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us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
0
us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
8758000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
265000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
99000
us-gaap Payments To Develop Software
PaymentsToDevelopSoftware
174000
us-gaap Payments To Develop Software
PaymentsToDevelopSoftware
152000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-439000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Proceeds From Repayments Of Lines Of Credit
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6500000
us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
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us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
0
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
833000
us-gaap Proceeds From Issuance Of Preferred Stock Preference Stock And Warrants
ProceedsFromIssuanceOfPreferredStockPreferenceStockAndWarrants
0
us-gaap Proceeds From Issuance Of Preferred Stock Preference Stock And Warrants
ProceedsFromIssuanceOfPreferredStockPreferenceStockAndWarrants
13309000
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
0
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
70000
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
4000
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
0
wbev Advances Received Under Financing Arrangements
AdvancesReceivedUnderFinancingArrangements
2620000
wbev Advances Received Under Financing Arrangements
AdvancesReceivedUnderFinancingArrangements
0
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
9116000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
13546000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
31000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-4612000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
4883000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
7008000
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
4914000
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2396000
us-gaap Interest Paid Net
InterestPaidNet
91000
us-gaap Interest Paid Net
InterestPaidNet
131000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
5000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
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wbev Deferred Offering Cost In Accounts Payable And Accrued Liabilities
DeferredOfferingCostInAccountsPayableAndAccruedLiabilities
0
wbev Deferred Offering Cost In Accounts Payable And Accrued Liabilities
DeferredOfferingCostInAccountsPayableAndAccruedLiabilities
-314000
wbev Accrued Preferred Stock Issuance Cost
AccruedPreferredStockIssuanceCost
0
wbev Accrued Preferred Stock Issuance Cost
AccruedPreferredStockIssuanceCost
83000
wbev Vesting Of Early Exercised Stock Options
VestingOfEarlyExercisedStockOptions
561000
wbev Vesting Of Early Exercised Stock Options
VestingOfEarlyExercisedStockOptions
5000
wbev Right Of Use Assets Recorded
RightOfUseAssetsRecorded
5197000
wbev Right Of Use Assets Recorded
RightOfUseAssetsRecorded
0
wbev Employee Promissory Notes Issued For The Exercise Of Stock Options
EmployeePromissoryNotesIssuedForTheExerciseOfStockOptions
0
wbev Employee Promissory Notes Issued For The Exercise Of Stock Options
EmployeePromissoryNotesIssuedForTheExerciseOfStockOptions
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wbev Forgiveness Of Paycheck Protection Program
ForgivenessOfPaycheckProtectionProgram
0
wbev Forgiveness Of Paycheck Protection Program
ForgivenessOfPaycheckProtectionProgram
1364000
us-gaap Proceeds From Issuance Of Redeemable Convertible Preferred Stock
ProceedsFromIssuanceOfRedeemableConvertiblePreferredStock
0
us-gaap Proceeds From Issuance Of Redeemable Convertible Preferred Stock
ProceedsFromIssuanceOfRedeemableConvertiblePreferredStock
1000000
CY2021 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
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us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
1812000
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AllowanceForDoubtfulAccountsReceivableWriteOffs
4071000
CY2022Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
248000
CY2021Q4 us-gaap Stockholders Equity Reverse Stock Split
StockholdersEquityReverseStockSplit
8-to-1
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p style="text-indent:0.0%;font-size:10.0pt;margin-top:6.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;">Reclassifications</span></p><p style="text-indent:0.0%;font-size:10.0pt;margin-top:0.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="white-space:pre-wrap;font-size:6.0pt;font-family:Times New Roman;min-width:fit-content;"/> </p><p style="text-indent:0.0%;font-size:10.0pt;margin-top:0.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;">Certain reclassifications have been made to the prior periods’ condensed consolidated financial statements in order to conform to the current period presentation. These reclassifications did not impact any prior amounts of net loss or cash flows.</span></p>
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Cash
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us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Net Income Loss
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CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
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us-gaap Use Of Estimates
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<p style="text-indent:0.0%;font-size:10.0pt;margin-top:0.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;">Use of Estimates</span></p><p style="text-indent:0.0%;font-size:10.0pt;margin-top:0.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="white-space:pre-wrap;font-size:6.0pt;font-family:Times New Roman;min-width:fit-content;"/> </p><p style="text-indent:0.0%;font-size:10.0pt;margin-top:0.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;">The preparation of condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported and disclosed in the condensed consolidated financial statements and accompanying notes. Significant estimates include, but are not limited to, fair value of financial instruments, fair value of acquired assets, revenue recognition, and stock-based compensation. Actual results may differ materially from these estimates.</span></p>
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
176000
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
238000
us-gaap Provision For Doubtful Accounts
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1884000
us-gaap Proceeds From Sale And Collection Of Receivables
ProceedsFromSaleAndCollectionOfReceivables
2900000
wbev Proceeds From Advances
ProceedsFromAdvances
2600000
CY2022Q2 wbev Percentageofrevenueappliedforadvances
Percentageofrevenueappliedforadvances
0.09
CY2022Q2 wbev Future Debt Agreement Fee
FutureDebtAgreementFee
400000
CY2022Q2 wbev Percentage Of Total Advances Proportionate To Debt Agreement Fee
PercentageOfTotalAdvancesProportionateToDebtAgreementFee
0.135
us-gaap Proceeds From Sale And Collection Of Receivables
ProceedsFromSaleAndCollectionOfReceivables
2900000
CY2022Q2 wbev Eligible Discounts
EligibleDiscounts
100000
wbev Eligible Discounts
EligibleDiscounts
100000
CY2022Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
5300000
CY2022Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
5200000
CY2022Q2 us-gaap Business Combination Liabilities Arising From Contingencies Amount Recognized
BusinessCombinationLiabilitiesArisingFromContingenciesAmountRecognized
1600000
wbev Business Combination Earnout Repayment Interest Rate
BusinessCombinationEarnoutRepaymentInterestRate
0.10
CY2022Q2 us-gaap Inventory Raw Materials
InventoryRawMaterials
3877000
CY2021Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
5615000
CY2022Q2 us-gaap Inventory Finished Goods
InventoryFinishedGoods
22279000
CY2021Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
18086000
CY2022Q2 us-gaap Retail Related Inventory Packaging And Other Supplies
RetailRelatedInventoryPackagingAndOtherSupplies
287000
CY2021Q4 us-gaap Retail Related Inventory Packaging And Other Supplies
RetailRelatedInventoryPackagingAndOtherSupplies
187000
CY2022Q2 us-gaap Inventory Net
InventoryNet
26443000
CY2021Q4 us-gaap Inventory Net
InventoryNet
23888000
CY2022Q2 wbev Prepaid Wine Crushing Services
PrepaidWineCrushingServices
2461000
CY2021Q4 wbev Prepaid Wine Crushing Services
PrepaidWineCrushingServices
3045000
CY2022Q2 wbev Prepaid Freight
PrepaidFreight
1292000
CY2021Q4 wbev Prepaid Freight
PrepaidFreight
1484000
CY2022Q2 wbev Prepaid Merchant Fees
PrepaidMerchantFees
454000
CY2021Q4 wbev Prepaid Merchant Fees
PrepaidMerchantFees
349000
CY2022Q2 wbev Prepaid Software Licenses
PrepaidSoftwareLicenses
442000
CY2021Q4 wbev Prepaid Software Licenses
PrepaidSoftwareLicenses
861000
CY2022Q2 us-gaap Prepaid Insurance
PrepaidInsurance
400000
CY2021Q4 us-gaap Prepaid Insurance
PrepaidInsurance
842000
CY2022Q2 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
313000
CY2021Q4 us-gaap Other Prepaid Expense Current
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306000
CY2022Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
5362000
CY2021Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
6887000
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PropertyPlantAndEquipmentGross
845000
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1859000
CY2022Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
275000
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1363000
CY2022Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
570000
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
496000
CY2022Q2 us-gaap Depreciation
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100000
CY2021Q2 us-gaap Depreciation
Depreciation
100000
us-gaap Depreciation
Depreciation
100000
us-gaap Depreciation
Depreciation
100000
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AccruedMarketingCostsCurrent
701000
CY2022Q2 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
161000
CY2022Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
14051000
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FiniteLivedIntangibleAssetsGross
13863000
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FiniteLivedIntangibleAssetsAccumulatedAmortization
2608000
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
2326000
CY2022Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
11443000
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
11537000
CY2022Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
200000
CY2021Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
200000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
500000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
200000
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
450000
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
849000
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
716000
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
598000
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
573000
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
8257000
CY2022Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
11443000
CY2022Q2 wbev Accrued Inventory Received Not Billed
AccruedInventoryReceivedNotBilled
3002000
CY2021Q4 wbev Accrued Inventory Received Not Billed
AccruedInventoryReceivedNotBilled
1599000
CY2022Q2 wbev Accrued Contingent Consideration
AccruedContingentConsideration
1597000
CY2021Q4 wbev Accrued Contingent Consideration
AccruedContingentConsideration
1563000
CY2022Q2 wbev Accrued Payroll Liabilities
AccruedPayrollLiabilities
368000
CY2021Q4 wbev Accrued Payroll Liabilities
AccruedPayrollLiabilities
914000
CY2022Q2 us-gaap Accrued Marketing Costs Current
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331000
CY2021Q4 wbev Business Combination Cash Consideration
BusinessCombinationCashConsideration
500000
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797000
CY2022Q2 wbev Accrued Shipping
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119000
CY2021Q4 wbev Accrued Shipping
AccruedShipping
193000
CY2022Q2 wbev Accrued Alcohol And Tobacco Tax
AccruedAlcoholAndTobaccoTax
89000
CY2021Q4 wbev Accrued Alcohol And Tobacco Tax
AccruedAlcoholAndTobaccoTax
140000
CY2022Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
665000
CY2021Q4 us-gaap Other Accrued Liabilities Current
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855000
CY2022Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
6332000
CY2021Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
6762000
CY2022Q2 wbev Long Term Accrued Contingent Consideration
LongTermAccruedContingentConsideration
1800000
CY2021Q4 wbev Long Term Accrued Contingent Consideration
LongTermAccruedContingentConsideration
1800000
CY2022Q2 us-gaap Class Of Warrant Or Right Outstanding
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6843
CY2022Q2 us-gaap Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
100000
us-gaap Number Of Reportable Segments
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2
CY2022Q2 wbev Future Lease Commitments
FutureLeaseCommitments
100000
CY2022Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P9Y
CY2022Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
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0.074
us-gaap Operating Lease Payments
OperatingLeasePayments
1305000
us-gaap Operating Lease Payments
OperatingLeasePayments
1090000
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
941000
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
1219000
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
533000
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
362000
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
374000
CY2022Q2 wbev Lessee Operating Lease Liability Payments Due After Year Four
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour
2525000
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
5954000
CY2022Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
1376000
CY2022Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
4578000
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
2007000
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
918000
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
181000
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
3106000
CY2022Q2 wbev Number Of Non Cancelable Sublease Agreements
NumberOfNonCancelableSubleaseAgreements
2
CY2022Q2 wbev Sublease Expiration Period
SubleaseExpirationPeriod
2023-01
us-gaap Current Federal State And Local Tax Expense Benefit
CurrentFederalStateAndLocalTaxExpenseBenefit
20000
CY2022Q2 us-gaap Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
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357000
CY2022Q2 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
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67000
CY2022Q2 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
424000
CY2022Q2 us-gaap Operating Leases Income Statement Sublease Revenue
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0.3
CY2021Q2 us-gaap Operating Leases Income Statement Sublease Revenue
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us-gaap Operating Leases Income Statement Sublease Revenue
OperatingLeasesIncomeStatementSubleaseRevenue
0.6
us-gaap Operating Leases Income Statement Sublease Revenue
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CY2022Q2 us-gaap Common Stock Capital Shares Reserved For Future Issuance
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
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3.71
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P7Y7M9D
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
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871000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
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111573
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
4.49
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
48290
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
3.39
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
403750
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
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3.53
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P6Y10D
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
40151000
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Number
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297923
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageExercisePrice
3.04
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1
P5Y1M9D
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue
38885000
CY2022Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
105827
CY2021Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
327405
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
500000
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
1200000
CY2022Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
1100000
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y
CY2022Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
17642000
CY2022Q2 us-gaap Cost Of Revenue
CostOfRevenue
9966000
CY2022Q2 us-gaap Gross Profit
GrossProfit
7676000
CY2022Q2 us-gaap Operating Expenses
OperatingExpenses
11811000
CY2022Q2 us-gaap Interest Expense
InterestExpense
123000
CY2022Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
279000
CY2022Q2 us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
600000
CY2021Q2 us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
100000
us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
1400000
us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
200000
CY2021 wbev Early Exercise Of Shares
EarlyExerciseOfShares
1055964
CY2022Q2 wbev Early Exercise Stock Option Liability
EarlyExerciseStockOptionLiability
1200000
CY2021Q4 wbev Early Exercise Stock Option Liability
EarlyExerciseStockOptionLiability
1800000
us-gaap Weighted Average Number Of Shares Common Stock Subject To Repurchase Or Cancellation
WeightedAverageNumberOfSharesCommonStockSubjectToRepurchaseOrCancellation
323475
CY2019Q2 us-gaap Stock Issued During Period Shares Employee Stock Purchase Plans
StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans
375000
wbev Promissory Notes Payment Terms
PromissoryNotesPaymentTerms
The promissory notes were prepayable at any time at the option of the employee and were payable at the earlier of: (i) the date of any sale, transfer or other disposition of all or any portion of the purchased shares, (ii) five years from the date of the promissory note, or (iii) the latest date repayment must be made to prevent a violation of Section 13(k) of the Securities Exchange Act of 1934.
us-gaap Description Of Defined Contribution Pension And Other Postretirement Plans
DescriptionOfDefinedContributionPensionAndOtherPostretirementPlans
The Company has a 401(k) defined contribution plan which permits participating U.S. employees to defer up to a maximum of 100% of their compensation, subject to limitations established by the Internal Revenue Service. Employees aged 21 and older are eligible to contribute to the plan starting 30 days after their employment date. Once eligible, participants are automatically enrolled to contribute 6% of eligible compensation or may elect to contribute a whole percentage of their eligible compensation subject to annual Internal Revenue Code limits.
us-gaap Defined Contribution Plan Maximum Annual Contributions Per Employee Percent
DefinedContributionPlanMaximumAnnualContributionsPerEmployeePercent
1
wbev Defined Contribution Plan Percentage Of Eligible Compensation
DefinedContributionPlanPercentageOfEligibleCompensation
0.06
us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
0
CY2021 us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
0
CY2022Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
300000000
CY2022Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-3979000
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
17651000
CY2021Q2 us-gaap Cost Of Revenue
CostOfRevenue
10327000
CY2021Q2 us-gaap Gross Profit
GrossProfit
7324000
us-gaap Current Federal State And Local Tax Expense Benefit
CurrentFederalStateAndLocalTaxExpenseBenefit
15000
us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
15000
CY2021Q2 us-gaap Operating Expenses
OperatingExpenses
10395000
CY2021Q2 us-gaap Interest Expense
InterestExpense
281000
CY2021Q2 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
872000
CY2021Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
312000
CY2021Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-3912000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
36099000
us-gaap Cost Of Revenue
CostOfRevenue
20980000
us-gaap Gross Profit
GrossProfit
15119000
us-gaap Operating Expenses
OperatingExpenses
23726000
us-gaap Interest Expense
InterestExpense
146000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
549000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-8204000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
35116000
us-gaap Cost Of Revenue
CostOfRevenue
19953000
us-gaap Gross Profit
GrossProfit
15163000
us-gaap Operating Expenses
OperatingExpenses
19143000
us-gaap Interest Expense
InterestExpense
421000
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
893000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
608000
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
1364000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-3322000
CY2022Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2411885
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2411885
CY2021Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
10167657
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
10167657
CY2022Q2 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
0
CY2021Q2 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
0
us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
0
us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
0
CY2022Q2 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
4000
CY2021Q2 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
18000
us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
20000
CY2022Q2 us-gaap Current Federal State And Local Tax Expense Benefit
CurrentFederalStateAndLocalTaxExpenseBenefit
4000
CY2021Q2 us-gaap Current Federal State And Local Tax Expense Benefit
CurrentFederalStateAndLocalTaxExpenseBenefit
18000
CY2022Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
4000
CY2021Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
18000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
20000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
15000
CY2022Q2 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0.0010
CY2021Q2 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0.0045
us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0.0025
us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0.0046
CY2022Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0
CY2022Q2 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
0
CY2022Q2 us-gaap Significant Change In Unrecognized Tax Benefits Is Reasonably Possible Amount Of Unrecorded Benefit
SignificantChangeInUnrecognizedTaxBenefitsIsReasonablyPossibleAmountOfUnrecordedBenefit
0
CY2022Q2 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
0

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