2022 Q4 Form 10-Q Financial Statement
#000182912622019214 Filed on November 14, 2022
Income Statement
Concept | 2022 Q4 | 2022 Q3 | 2021 Q3 |
---|---|---|---|
Revenue | $1.957M | $2.399M | $1.674M |
YoY Change | -32.57% | 43.31% | 642.64% |
Cost Of Revenue | $2.455M | $2.339M | $1.646M |
YoY Change | -10.52% | 42.12% | 1719.0% |
Gross Profit | -$498.0K | $60.00K | $28.22K |
YoY Change | -414.5% | 112.64% | -79.09% |
Gross Profit Margin | -25.45% | 2.5% | 1.69% |
Selling, General & Admin | $9.258M | $8.203M | $13.04M |
YoY Change | -35.34% | -37.1% | 1370.81% |
% of Gross Profit | 13671.67% | 46215.58% | |
Research & Development | $2.458M | $2.547M | $893.2K |
YoY Change | 24.17% | 185.15% | 2273.05% |
% of Gross Profit | 4245.0% | 3165.52% | |
Depreciation & Amortization | $651.0K | $300.0K | $309.7K |
YoY Change | -9.25% | -3.14% | |
% of Gross Profit | 500.0% | 1097.67% | |
Operating Expenses | $11.72M | $10.75M | $13.93M |
YoY Change | -28.11% | -22.85% | 1407.56% |
Operating Profit | -$50.08M | -$11.09M | -$13.71M |
YoY Change | 200.63% | -19.08% | 1672.73% |
Interest Expense | $21.00K | -$33.00K | -$28.80K |
YoY Change | -132.22% | 14.58% | -172.0% |
% of Operating Profit | |||
Other Income/Expense, Net | $4.000K | $1.000K | -$15.96K |
YoY Change | -106.4% | -106.27% | -151.39% |
Pretax Income | -$47.93M | -$12.04M | -$11.33M |
YoY Change | 385.26% | 6.22% | 1406.9% |
Income Tax | -$307.0K | -$567.0K | -$50.94K |
% Of Pretax Income | |||
Net Earnings | -$47.63M | -$11.47M | -$11.28M |
YoY Change | 428.82% | 1.67% | 1406.34% |
Net Earnings / Revenue | -2433.57% | -478.03% | -673.82% |
Basic Earnings Per Share | -$0.92 | -$0.22 | -$0.23 |
Diluted Earnings Per Share | -$0.92 | -$0.22 | -$0.23 |
COMMON SHARES | |||
Basic Shares Outstanding | 51.72M shares | 51.66M shares | 48.33M |
Diluted Shares Outstanding | 51.72M shares | 51.66M shares | 48.33M |
Balance Sheet
Concept | 2022 Q4 | 2022 Q3 | 2021 Q3 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $32.87M | $42.45M | $92.49M |
YoY Change | -58.79% | -54.11% | 92392.37% |
Cash & Equivalents | $32.87M | $42.45M | $92.49M |
Short-Term Investments | |||
Other Short-Term Assets | $2.292M | $3.408M | $3.767M |
YoY Change | -51.57% | -9.53% | |
Inventory | $12.62M | $10.93M | $5.599M |
Prepaid Expenses | $688.0K | $1.657M | $1.823M |
Receivables | $979.0K | $1.987M | $6.506M |
Other Receivables | $2.158M | $3.099M | $1.424M |
Total Short-Term Assets | $49.50M | $61.35M | $108.4M |
YoY Change | -49.15% | -43.39% | 108264.1% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $17.94M | $9.745M | $7.883M |
YoY Change | 108.95% | 23.62% | |
Goodwill | $5.742M | $30.03M | $29.40M |
YoY Change | -80.86% | 2.15% | |
Intangibles | $6.062M | $21.34M | |
YoY Change | -74.03% | ||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $5.971M | $2.918M | $3.435M |
YoY Change | 141.22% | -15.05% | -97.77% |
Total Long-Term Assets | $40.09M | $66.15M | $65.60M |
YoY Change | -38.96% | 0.84% | -57.35% |
TOTAL ASSETS | |||
Total Short-Term Assets | $49.50M | $61.35M | $108.4M |
Total Long-Term Assets | $40.09M | $66.15M | $65.60M |
Total Assets | $89.59M | $127.5M | $174.0M |
YoY Change | -45.05% | -26.71% | 13.04% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $4.680M | $3.630M | $5.523M |
YoY Change | -3.25% | -34.27% | 5422.62% |
Accrued Expenses | $1.522M | $1.719M | $7.596M |
YoY Change | -74.22% | -77.37% | |
Deferred Revenue | $1.019M | $1.221M | $28.83K |
YoY Change | -7.36% | 4134.88% | |
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | -100.0% | ||
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $13.67M | $14.02M | $15.41M |
YoY Change | -27.58% | -9.01% | 542.1% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Other Long-Term Liabilities | $852.0K | $600.0K | $18.66M |
YoY Change | -14.43% | -96.79% | 142.39% |
Total Long-Term Liabilities | $11.77M | $6.075M | $18.66M |
YoY Change | -15.65% | -67.45% | 142.39% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $13.67M | $14.02M | $15.41M |
Total Long-Term Liabilities | $11.77M | $6.075M | $18.66M |
Total Liabilities | $25.44M | $20.10M | $37.83M |
YoY Change | -22.51% | -46.88% | 270.9% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$107.8M | -$60.14M | -$24.42M |
YoY Change | 222.4% | 146.27% | |
Common Stock | $5.000K | $5.000K | $5.125K |
YoY Change | -2.44% | -2.44% | |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $64.15M | $107.4M | $136.1M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $89.59M | $127.5M | $174.0M |
YoY Change | -45.05% | -26.71% | 13.04% |
Cashflow Statement
Concept | 2022 Q4 | 2022 Q3 | 2021 Q3 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$47.63M | -$11.47M | -$11.28M |
YoY Change | 428.82% | 1.67% | 1406.34% |
Depreciation, Depletion And Amortization | $651.0K | $300.0K | $309.7K |
YoY Change | -9.25% | -3.14% | |
Cash From Operating Activities | $41.00K | -$2.810M | -$8.459M |
YoY Change | -100.37% | -66.78% | 1221.7% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $7.978M | -$872.0K | -$1.711M |
YoY Change | -723.46% | -49.03% | -5802.43% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | -$2.554M | $9.000K | -$12.89M |
YoY Change | 827.58% | -100.07% | 1242.85% |
Cash From Investing Activities | -$10.53M | -$863.0K | -$14.60M |
YoY Change | 577.32% | -94.09% | 1421.06% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 1.000K | -41.00K | -4.110K |
YoY Change | -79.55% | 897.57% | -100.26% |
NET CHANGE | |||
Cash From Operating Activities | 41.00K | -2.810M | -8.459M |
Cash From Investing Activities | -10.53M | -863.0K | -14.60M |
Cash From Financing Activities | 1.000K | -41.00K | -4.110K |
Net Change In Cash | -10.49M | -3.714M | -23.07M |
YoY Change | -17.38% | -83.9% | 115225.55% |
FREE CASH FLOW | |||
Cash From Operating Activities | $41.00K | -$2.810M | -$8.459M |
Capital Expenditures | $7.978M | -$872.0K | -$1.711M |
Free Cash Flow | -$7.937M | -$1.938M | -$6.748M |
YoY Change | -19.56% | -71.28% | 907.18% |
Facts In Submission
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200 Clarendon Street | ||
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02116 | ||
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655-6000 | ||
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Advent Technologies Holdings, Inc. | ||
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DE | ||
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SellingGeneralAndAdministrativeExpense
|
8203000 | usd |
CY2021Q3 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
13041000 | usd |
us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
26657000 | usd | |
us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
27558000 | usd | |
CY2022Q3 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
696000 | usd |
CY2021Q3 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
310000 | usd |
us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
2113000 | usd | |
us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
467000 | usd | |
CY2022Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-11092000 | usd |
CY2021Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-13708000 | usd |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-35343000 | usd | |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-27450000 | usd | |
CY2022Q3 | us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
911000 | usd |
CY2021Q3 | us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
-2422000 | usd |
us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
-7248000 | usd | |
us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
-15833000 | usd | |
CY2022Q3 | us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
-0 | usd |
CY2021Q3 | us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
-14000 | usd |
us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
-9000 | usd | |
us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
-27000 | usd | |
CY2022Q3 | us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
-33000 | usd |
CY2021Q3 | us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
-15000 | usd |
us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
-51000 | usd | |
us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
-2000 | usd | |
CY2021Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.23 | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.52 | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.26 | ||
CY2022Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
51660133 | shares |
CY2022Q3 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
1000 | usd |
CY2021Q3 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-16000 | usd |
us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-220000 | usd | |
us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
78000 | usd | |
CY2022Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-12035000 | usd |
CY2021Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-11331000 | usd |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-28375000 | usd | |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-11568000 | usd | |
CY2022Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-567000 | usd |
CY2021Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-51000 | usd |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-1663000 | usd | |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-51000 | usd | |
CY2022Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-11468000 | usd |
CY2021Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-11280000 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-26712000 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-11517000 | usd | |
CY2022Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.22 | |
CY2021Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.23 | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.52 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.26 | ||
CY2022Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
51660133 | shares |
CY2021Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
48325164 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
51465004 | shares | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
43982039 | shares | |
CY2022Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.22 | |
CY2021Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
48325164 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
51465004 | shares | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
43982039 | shares | |
CY2022Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-11468000 | usd |
CY2021Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-11280000 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-26712000 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-11517000 | usd | |
CY2022Q3 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-1181000 | usd |
CY2021Q3 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-541000 | usd |
us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-3040000 | usd | |
us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-829000 | usd | |
CY2022Q3 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
-1181000 | usd |
CY2021Q3 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
-541000 | usd |
us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
-3040000 | usd | |
us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
-829000 | usd | |
CY2022Q3 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-12649000 | usd |
adn |
Proceeds From Shares Issued In Business Combination
ProceedsFromSharesIssuedInBusinessCombination
|
141121000 | usd | |
CY2021Q3 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-11821000 | usd |
us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-29752000 | usd | |
us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-12346000 | usd | |
CY2022Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
118184000 | usd |
CY2022Q3 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
0 | usd |
CY2022Q3 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
1862000 | usd |
CY2022Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-11468000 | usd |
CY2022Q3 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
-1181000 | usd |
CY2022Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
107397000 | usd |
CY2021Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
130201000 | usd |
us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
0 | usd | |
us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
6948000 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-26712000 | usd | |
us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
-3040000 | usd | |
CY2022Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
107397000 | usd |
CY2021Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
106654000 | usd |
CY2021Q3 | adn |
Share Capital Increase
ShareCapitalIncrease
|
37924000 | usd |
CY2021Q3 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
3376000 | usd |
CY2021Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-11280000 | usd |
CY2021Q3 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
-541000 | usd |
CY2021Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
136133000 | usd |
CY2020Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-1794000 | usd |
adn |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest Before Recapitalization Transactions
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestBeforeRecapitalizationTransactions
|
-1794000 | usd | |
adn |
Stock Issued During Period Value Acquisitions And Private Investment In Public Equity
StockIssuedDuringPeriodValueAcquisitionsAndPrivateInvestmentInPublicEquity
|
108008000 | usd | |
adn |
Share Capital Increase From Warrants Exercise
ShareCapitalIncreaseFromWarrantsExercise
|
262000 | usd | |
adn |
Share Capital Increase
ShareCapitalIncrease
|
37924000 | usd | |
us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
4079000 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-11517000 | usd | |
us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
-829000 | usd | |
CY2021Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
136133000 | usd |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-32166000 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-24690000 | usd | |
us-gaap |
Payments To Acquire Machinery And Equipment
PaymentsToAcquireMachineryAndEquipment
|
3549000 | usd | |
us-gaap |
Payments To Acquire Machinery And Equipment
PaymentsToAcquireMachineryAndEquipment
|
2659000 | usd | |
us-gaap |
Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
|
117000 | usd | |
us-gaap |
Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
|
0 | usd | |
adn |
Payments To Acquire Fixed Assets
PaymentsToAcquireFixedAssets
|
0 | usd | |
adn |
Payments To Acquire Fixed Assets
PaymentsToAcquireFixedAssets
|
1918000 | usd | |
us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
0 | usd | |
us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
19425000 | usd | |
us-gaap |
Payments To Acquire Longterm Investments
PaymentsToAcquireLongtermInvestments
|
319000 | usd | |
us-gaap |
Payments To Acquire Longterm Investments
PaymentsToAcquireLongtermInvestments
|
0 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-3985000 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-24002000 | usd | |
adn |
Proceeds From Shares Issued In Business Combination
ProceedsFromSharesIssuedInBusinessCombination
|
-0 | usd | |
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
-0 | usd | |
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
262000 | usd | |
us-gaap |
Basis Of Accounting
BasisOfAccounting
|
<p id="xdx_804_eus-gaap--BasisOfAccounting_zUhW9uytRkvb" style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 0.25in; padding-right: 0.8pt"><span style="font-size: 10pt"><b>1.</b></span></td> <td style="padding-right: 0.8pt; text-align: justify"><span style="font-size: 10pt"><b><span id="xdx_82D_z1yOPWDgn8l9">Basis of presentation</span></b></span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Overview</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On February 4, 2021 (“Closing Date”), AMCI Acquisition Corp. (“AMCI”), consummated the previously announced business combination (the “Business Combination”) pursuant to that certain merger agreement (the “Agreement and Plan of Merger”), dated October 12, 2020, by and among AMCI, AMCI Merger Sub Corp., a Delaware corporation and newly formed wholly-owned subsidiary of AMCI (“Merger Sub”), AMCI Sponsor LLC (the “Sponsor”), solely in the capacity as the representative from and after the effective time of the Business Combination for the stockholders of AMCI, Advent Technologies, Inc., a Delaware corporation (“Legacy Advent”), and Vassilios Gregoriou, solely in his capacity as the representative from and after the effective time for the Legacy Advent stockholders (the “Seller Representative”), as amended by Amendment No. 1 and Amendment No. 2 to the Agreement and Plan of Merger, dated as of October 19, 2020 and December 31, 2020, respectively, by and among AMCI, Merger Sub, Sponsor, Legacy Advent, and Seller Representative. In connection with the closing of the Business Combination (the “Closing”), AMCI acquired <span id="xdx_902_eus-gaap--BusinessAcquisitionPercentageOfVotingInterestsAcquired_iI_dp_c20210204__us-gaap--BusinessAcquisitionAxis__custom--AMCIAcquisitionCorpMember_zP1PXMclIy8d" title="Acquired percentage">100</span>% of the stock of Legacy Advent (as it existed immediately prior to the Closing) and its subsidiaries.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On the Closing Date, and in connection with the closing of the Business Combination, AMCI changed its name to Advent Technologies Holdings, Inc. (the “Company” or “Advent”). Legacy Advent was deemed the accounting acquirer in the Business Combination based on an analysis of the criteria outlined in Accounting Standards Codification (“ASC”) 805. This determination was primarily based on Legacy Advent’s stockholders prior to the Business Combination having a majority of the voting interests in the combined company, Legacy Advent’s operations comprising the ongoing operations of the combined company, Legacy Advent’s board of directors comprising a majority of the board of directors of the combined company, and Legacy Advent’s senior management comprising the senior management of the combined company. Accordingly, for accounting purposes, the Business Combination was treated as the equivalent of Legacy Advent issuing stock for the net assets of AMCI, accompanied by a recapitalization. The net assets of AMCI are stated at historical cost, with no goodwill or other intangible assets recorded.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">While AMCI was the legal acquirer in the Business Combination, because Legacy Advent was deemed the accounting acquirer, the historical financial statements of Legacy Advent became the historical financial statements of the combined company, upon the consummation of the Business Combination. As a result, the consolidated financial statements included in this report reflect (i) the historical operating results of Legacy Advent prior to the Business Combination; (ii) the results of the Company (combined results of AMCI and Legacy Advent) following the closing of the Business Combination; (iii) the assets and liabilities of Legacy Advent at their historical cost; and (iv) Company’s equity structure for all periods presented.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In accordance with guidance applicable to these circumstances, the equity structure has been restated in all comparative periods up to the Closing Date, to reflect the number of shares of the Company’s common stock, $<span id="xdx_900_eus-gaap--CommonStockParOrStatedValuePerShare_c20210204__us-gaap--BusinessAcquisitionAxis__custom--AMCIAcquisitionCorpMember_pdd" title="Common stock, par value (in dollars per share)">0.0001</span> par value per share, issued to Legacy Advent’s stockholders in connection with the recapitalization transaction. As such, the shares and corresponding capital amounts and earnings per share related to Legacy Advent Preferred Stock (“Preferred Series A” and “Preferred Series Seed”) and Legacy Advent common stock prior to the Business Combination have been retroactively restated as shares reflecting the exchange ratio established in the Business Combination Agreement. Activity within the statement of changes in stockholders’ equity / (deficit) for the issuances of Legacy Advent’s Preferred Stock, were also retroactively converted to Legacy Advent common stock (Note 3).</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On February 18, 2021, Advent Technologies, Inc. entered into a Membership Interest Purchase Agreement with Bren-Tronics, Inc. (“Bren-Tronics”) and UltraCell, LLC (“UltraCell”), a Delaware limited liability company and a direct wholly owned subsidiary of Bren-Tronics (the “UltraCell Purchase Agreement”). See Note 3 “Business Combination” for additional information.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">UltraCell LLC was renamed to Advent Technologies LLC following its acquisition by the Company.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On June 25, 2021, the Company entered into a Share Purchase Agreement (the “Purchase Agreement”), with F.E.R. fischer Edelstahlrohre GmbH, a limited liability company incorporated under the Laws of Germany (the “Seller”) to acquire all of the issued and outstanding equity interests in SerEnergy A/S, a Danish stock corporation and a wholly-owned subsidiary of the Seller (“SerEnergy”) and fischer eco solutions GmbH, a German limited liability company and a wholly-owned subsidiary of the Seller (“FES”) together with certain outstanding shareholder loan receivables. See Note 3 “Business Combination” for additional information.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">SerEnergy and FES were renamed to Advent Technologies A/S and Advent Technologies GmbH, respectively, following their acquisition by the Company.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i> </i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Advent Technologies Holdings, Inc. and its subsidiaries (collectively referred to as “Advent”, the “Company,” we,” “us” and “our”) is an advanced materials and technology development company operating in the fuel cell and hydrogen technology space. Advent develops, manufactures and assembles the critical components that determine the performance of hydrogen fuel cells and other energy systems. To date, Advent’s principal operations have been to develop and manufacture Membrane Electrode Assembly (MEA) and to design fuel cell stacks and complete fuel cell systems for a range of customers in the stationary power, portable power, automotive, aviation, energy storage and sensor markets.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Advent has its headquarters in Boston, Massachusetts, a product development facility in Livermore, California, and production facilities in Greece, Denmark, and Germany and sales and warehousing facilities in the Philippines.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The unaudited condensed consolidated financial statements of the Company have been prepared to reflect the consolidation of the companies listed below:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" id="xdx_88F_ecustom--SubsidiariesInConsolidationTableTextBlock_z6f0u407aSrd" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Basis of presentation (Details)"> <tr style="vertical-align: bottom; background-color: White"> <td style="display: none; text-align: justify; text-indent: 0pt; padding-left: 0pt">Subsidiaries in Consolidation</td><td> </td> <td style="text-align: center; text-indent: 0pt; padding-left: 0pt"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td style="text-align: center"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td style="text-align: center"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="font-size: 12pt; text-align: justify"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt; font-weight: bold; text-align: center">Country of</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Ownership Interest</td><td style="padding-bottom: 1pt; font-size: 12pt"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Statements of Operations</td><td style="padding-bottom: 1pt; font-size: 12pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: justify">Company Name</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Incorporation</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Direct</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Indirect</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2022</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2021</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 38%; text-align: justify; text-indent: 0pt; padding-left: 0pt"><span id="xdx_908_ecustom--NameOfSubsidiary_c20220101__20220930__srt--ConsolidatedEntitiesAxis__custom--AdventTechnologiesIncMember_zwGTsWyS0dVl" title="Company Name">Advent Technologies, Inc.</span></td><td style="width: 1%"> </td> <td id="xdx_98C_ecustom--SubsidiaryPlaceOfIncorporation_c20220101__20220930__srt--ConsolidatedEntitiesAxis__custom--AdventTechnologiesIncMember" style="width: 11%; text-align: center; text-indent: 0pt; padding-left: 0pt" title="Country of Incorporation">USA</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 7%; text-align: right"><span id="xdx_90C_ecustom--OwnershipPercentageInSubsdaries_iI_dp_c20220930__srt--ConsolidatedEntitiesAxis__custom--AdventTechnologiesIncMember__srt--OwnershipAxis__custom--DirectOwnershipMember_zrHZjn1Dipi2" title="Ownership Interest">100</span></td><td style="width: 1%; text-align: left">%</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_981_ecustom--OwnershipPercentageInSubsdaries_iI_dp0_c20220930__srt--ConsolidatedEntitiesAxis__custom--AdventTechnologiesIncMember__srt--OwnershipAxis__custom--IndirectOwnershipMember_zIwx4zF0u1Wi" style="width: 7%; text-align: right" title="Ownership Interest">-</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: center"> </td><td id="xdx_98A_ecustom--StatementsOfOperationsDate_c20220101__20220930__srt--ConsolidatedEntitiesAxis__custom--AdventTechnologiesIncMember_zmVmg061dvV1" style="width: 12%; text-align: center" title="Statements of Operations date"><span style="font-size: 10pt">01/01 – 9/30</span></td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: center"> </td><td id="xdx_98F_ecustom--StatementsOfOperationsDate_c20210101__20210930__srt--ConsolidatedEntitiesAxis__custom--AdventTechnologiesIncMember_zeW3JLi8HX2" style="width: 12%; text-align: center" title="Statements of Operations date"><span style="font-size: 10pt">01/01 – 9/30</span></td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify; text-indent: 0pt; padding-left: 0pt"><span id="xdx_900_ecustom--NameOfSubsidiary_c20220101__20220930__srt--ConsolidatedEntitiesAxis__custom--AdventTechnologiesSAMember_zY9TKKpgFOlh" title="Company Name">Advent Technologies S.A.</span></td><td> </td> <td id="xdx_98D_ecustom--SubsidiaryPlaceOfIncorporation_c20220101__20220930__srt--ConsolidatedEntitiesAxis__custom--AdventTechnologiesSAMember" style="text-align: center; text-indent: 0pt; padding-left: 0pt" title="Country of Incorporation">Greece</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98C_ecustom--OwnershipPercentageInSubsdaries_iI_dp_c20220930__srt--ConsolidatedEntitiesAxis__custom--AdventTechnologiesSAMember__srt--OwnershipAxis__custom--DirectOwnershipMember_zjYDhe9R7yha" style="text-align: right" title="Ownership Interest"><span style="-sec-ix-hidden: xdx2ixbrl0705">-</span></td><td style="text-align: left"/><td> </td> <td style="text-align: left"> </td><td id="xdx_98E_ecustom--OwnershipPercentageInSubsdaries_iI_dp0_c20220930__srt--ConsolidatedEntitiesAxis__custom--AdventTechnologiesSAMember__srt--OwnershipAxis__custom--IndirectOwnershipMember_zjzYVMTEN0e2" style="text-align: right" title="Ownership Interest">100</td><td style="text-align: left">% </td><td> </td> <td style="text-align: center"> </td><td id="xdx_987_ecustom--StatementsOfOperationsDate_c20220101__20220930__srt--ConsolidatedEntitiesAxis__custom--AdventTechnologiesSAMember" style="text-align: center" title="Statements of Operations date"><span style="font-size: 10pt">01/01 – 9/30</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td id="xdx_98C_ecustom--StatementsOfOperationsDate_c20210101__20210930__srt--ConsolidatedEntitiesAxis__custom--AdventTechnologiesSAMember_zF7xtWymaJdd" style="text-align: center" title="Statements of Operations date"><span style="font-size: 10pt">01/01 – 9/30</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify; text-indent: 0pt; padding-left: 0pt"><span id="xdx_90D_ecustom--NameOfSubsidiary_c20220101__20220930__srt--ConsolidatedEntitiesAxis__custom--AdventTechnologiesLLCMember_zJiZG29B8Eee" title="Company Name">Advent Technologies LLC</span></td><td> </td> <td id="xdx_981_ecustom--SubsidiaryPlaceOfIncorporation_c20220101__20220930__srt--ConsolidatedEntitiesAxis__custom--AdventTechnologiesLLCMember" style="text-align: center; text-indent: 0pt; padding-left: 0pt" title="Country of Incorporation">USA</td><td> </td> <td style="text-align: left"> </td><td id="xdx_985_ecustom--OwnershipPercentageInSubsdaries_iI_dp0_c20220930__srt--ConsolidatedEntitiesAxis__custom--AdventTechnologiesLLCMember__srt--OwnershipAxis__custom--DirectOwnershipMember_zQAvweLPnSk6" style="text-align: right" title="Ownership Interest">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_ecustom--OwnershipPercentageInSubsdaries_iI_dp_c20220930__srt--ConsolidatedEntitiesAxis__custom--AdventTechnologiesLLCMember__srt--OwnershipAxis__custom--IndirectOwnershipMember_zuUhhsvmzLt4" style="text-align: right" title="Ownership Interest">100</td><td style="text-align: left">%</td><td> </td> <td style="text-align: center"> </td><td id="xdx_985_ecustom--StatementsOfOperationsDate_c20220101__20220930__srt--ConsolidatedEntitiesAxis__custom--AdventTechnologiesLLCMember" style="text-align: center" title="Statements of Operations date"><span style="font-size: 10pt">01/01 – 9/30</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td id="xdx_987_ecustom--StatementsOfOperationsDate_c20210101__20210930__srt--ConsolidatedEntitiesAxis__custom--AdventTechnologiesLLCMember_zMX5TenYo156" style="text-align: center" title="Statements of Operations date"><span style="font-size: 10pt">02/19 – 9/30</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify; text-indent: 0pt; padding-left: 0pt"><span id="xdx_90F_ecustom--NameOfSubsidiary_c20220101__20220930__srt--ConsolidatedEntitiesAxis__custom--AdventTechnologiesGmbHMember_z7nriHlUtLoi" title="Company Name">Advent Technologies GmbH</span></td><td> </td> <td id="xdx_984_ecustom--SubsidiaryPlaceOfIncorporation_c20220101__20220930__srt--ConsolidatedEntitiesAxis__custom--AdventTechnologiesGmbHMember" style="text-align: center; text-indent: 0pt; padding-left: 0pt" title="Country of Incorporation">Germany</td><td> </td> <td style="text-align: left"> </td><td id="xdx_983_ecustom--OwnershipPercentageInSubsdaries_iI_dp_c20220930__srt--ConsolidatedEntitiesAxis__custom--AdventTechnologiesGmbHMember__srt--OwnershipAxis__custom--DirectOwnershipMember_zOPq2sZMdiu3" style="text-align: right" title="Ownership Interest">100</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td id="xdx_989_ecustom--OwnershipPercentageInSubsdaries_iI_dp0_c20220930__srt--ConsolidatedEntitiesAxis__custom--AdventTechnologiesGmbHMember__srt--OwnershipAxis__custom--IndirectOwnershipMember_zIq6oQykWbHb" style="text-align: right" title="Ownership Interest">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td id="xdx_98B_ecustom--StatementsOfOperationsDate_c20220101__20220930__srt--ConsolidatedEntitiesAxis__custom--AdventTechnologiesGmbHMember_zdKlgfrLx7wl" style="text-align: center" title="Statements of Operations date"><span style="font-size: 10pt">01/01 – 9/30</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td id="xdx_98B_ecustom--StatementsOfOperationsDate_c20210101__20210930__srt--ConsolidatedEntitiesAxis__custom--AdventTechnologiesGmbHMember_zhQXJFCXFWya" style="text-align: center" title="Statements of Operations date"><span style="font-size: 10pt">09/01 – 9/30</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify; text-indent: 0pt; padding-left: 0pt"><span id="xdx_903_ecustom--NameOfSubsidiary_c20220101__20220930__srt--ConsolidatedEntitiesAxis__custom--AdventTechnologiesASMember_z83wXAUbDO2k" title="Company Name">Advent Technologies A/S</span></td><td> </td> <td id="xdx_98D_ecustom--SubsidiaryPlaceOfIncorporation_c20220101__20220930__srt--ConsolidatedEntitiesAxis__custom--AdventTechnologiesASMember" style="text-align: center; text-indent: 0pt; padding-left: 0pt" title="Country of Incorporation">Denmark</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98F_ecustom--OwnershipPercentageInSubsdaries_iI_dp_c20220930__srt--ConsolidatedEntitiesAxis__custom--AdventTechnologiesASMember__srt--OwnershipAxis__custom--DirectOwnershipMember_zmEXUQ9LmIT2" style="text-align: right" title="Ownership Interest">100</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_ecustom--OwnershipPercentageInSubsdaries_iI_dp0_c20220930__srt--ConsolidatedEntitiesAxis__custom--AdventTechnologiesASMember__srt--OwnershipAxis__custom--IndirectOwnershipMember_zU1yyEM7jY9g" style="text-align: right" title="Ownership Interest">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td id="xdx_987_ecustom--StatementsOfOperationsDate_c20220101__20220930__srt--ConsolidatedEntitiesAxis__custom--AdventTechnologiesASMember" style="text-align: center" title="Statements of Operations date"><span style="font-size: 10pt">01/01 – 9/30</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td id="xdx_988_ecustom--StatementsOfOperationsDate_c20210101__20210930__srt--ConsolidatedEntitiesAxis__custom--AdventTechnologiesASMember_z3wYXUr2zhsl" style="text-align: center" title="Statements of Operations date"><span style="font-size: 10pt">09/01 – 9/30</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; text-indent: 0pt; padding-left: 0pt"><span style="font-size: 10pt"><span id="xdx_903_ecustom--NameOfSubsidiary_c20220101__20220930__srt--ConsolidatedEntitiesAxis__custom--AdventGreenEnergyPhilippinesIncMember_zHajoWc2zrzg" title="Company Name">Advent Green Energy Philippines, Inc</span></span></td><td> </td> <td id="xdx_98C_ecustom--SubsidiaryPlaceOfIncorporation_c20220101__20220930__srt--ConsolidatedEntitiesAxis__custom--AdventGreenEnergyPhilippinesIncMember" style="text-align: center; text-indent: 0pt; padding-left: 0pt" title="Country of Incorporation">Philippines</td><td> </td> <td style="text-align: left"> </td><td id="xdx_984_ecustom--OwnershipPercentageInSubsdaries_iI_dp0_c20220930__srt--ConsolidatedEntitiesAxis__custom--AdventGreenEnergyPhilippinesIncMember__srt--OwnershipAxis__custom--DirectOwnershipMember_zP3NZtgNuon3" style="text-align: right" title="Ownership Interest">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_988_ecustom--OwnershipPercentageInSubsdaries_iI_dp_c20220930__srt--ConsolidatedEntitiesAxis__custom--AdventGreenEnergyPhilippinesIncMember__srt--OwnershipAxis__custom--IndirectOwnershipMember_z9bnF4Yg9xz8" style="text-align: right" title="Ownership Interest">100</td><td style="text-align: left">%</td><td> </td> <td style="text-align: center"> </td><td id="xdx_980_ecustom--StatementsOfOperationsDate_c20220101__20220930__srt--ConsolidatedEntitiesAxis__custom--AdventGreenEnergyPhilippinesIncMember" style="text-align: center" title="Statements of Operations date"><span style="font-size: 10pt">01/01 – 9/30</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td id="xdx_982_ecustom--StatementsOfOperationsDate_c20210101__20210930__srt--ConsolidatedEntitiesAxis__custom--AdventGreenEnergyPhilippinesIncMember_zUaHnnAHQYu8" style="text-align: center" title="Statements of Operations date"><span style="font-size: 10pt">09/01 – 9/30</span></td><td style="text-align: left"> </td></tr> </table> <p style="margin-top: 0; margin-bottom: 0"> </p> <p style="font: 12pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-size: 10pt"><b><i>Unaudited Condensed Consolidated Financial Statements</i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with U.S. Generally Accepted Accounting Principles (“GAAP”) and pursuant to the regulations of the U.S. Securities and Exchange Commission (“SEC”). The unaudited financial information reflects, in the opinion of management, all adjustments, consisting of normal recurring adjustments, considered necessary for a fair statement of the Company’s financial position, results of operations and cash flows for the periods indicated. The results reported for the interim period presented are not necessarily indicative of results that may be expected for the full year. These unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in the Company’s audited consolidated financial statements as of and for the year ended December 31, 2021, included in the Annual Report on Form 10-K filed with the SEC on March 31, 2022.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The unaudited condensed consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries. Intercompany accounts and transactions have been eliminated.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Share and per share amounts are presented on a post-conversion basis for all periods presented, unless otherwise specified.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><b><i>Going Concern</i></b> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The unaudited condensed consolidated financial statements have been prepared by management, assuming that the Company will continue as a going concern and accordingly, these financial statements do not include any adjustments that may result in the event the Company is unable to continue as a going concern.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The management of the Company assesses the Company’s ability to continue as a going concern at each period end. The assessment evaluates whether there are conditions that give rise to substantial doubt to continue as a going concern within one year from the consolidated financial statements issuance date, which contemplates the realization of assets and the satisfaction of liabilities and commitments in the normal course of business. The management examines closely its operating results and its cash position and makes adjustments to its cash flow forecasts where necessary.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Beginning in March 2020, the coronavirus (“COVID-19”) pandemic and the measures imposed to contain this pandemic have affected business and economic activity around the world. Since the COVID-19 outbreak, the Company has been closely monitoring and adopting all necessary measures to protect its employees and partners and to minimize as much as possible the business disruption caused by the pandemic. During 2021 and 2022, as a result of the mass vaccination schemes initiated around the world, the restrictive measures imposed by the governments began to be gradually lifted and the worldwide restrictions to mobility were relaxed, leading to increased economic activity and improved global macro-economic indicators.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Management is closely monitoring the developments around COVID-19 and is constantly assessing its implications on the Company’s productivity, results of operations and financial position. At this stage, the Company maintains a strong financial position with its cash and cash equivalents amounting to $<span id="xdx_90E_eus-gaap--CashAndCashEquivalentsAtCarryingValue_iI_pn3n3_dm_c20220930__us-gaap--CashAndCashEquivalentsAxis__us-gaap--CashEquivalentsMember_z9Ijy5JV6uL3">42.4 </span> million. Additionally, as of September 30, 2022, the Company reported a positive working capital of $<span id="xdx_905_ecustom--WorkingCapital_iI_pn3n3_dm_c20220930_zS7NIgdquAM2">47.3 </span>million.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">As of the date of this Quarterly Report on Form 10-Q, the Company’s existing cash resources are sufficient to support planned operations for the next 12 months. As a result, management believes that the Company’s existing financial resources are sufficient to continue operating activities for at least one year past the issuance date of the consolidated financial statements.</p> | ||
CY2022Q3 | adn |
Working Capital
WorkingCapital
|
47300000 | usd |
us-gaap |
Proceeds From Notes Payable
ProceedsFromNotesPayable
|
-0 | usd | |
us-gaap |
Proceeds From Notes Payable
ProceedsFromNotesPayable
|
113000 | usd | |
adn |
State Refundable Deposit Repayment
StateRefundableDepositRepayment
|
41000 | usd | |
adn |
State Refundable Deposit Repayment
StateRefundableDepositRepayment
|
0 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-41000 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
141496000 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-36192000 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
92804000 | usd | |
us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
-1126000 | usd | |
us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
-828000 | usd | |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
79764000 | usd |
CY2020Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
516000 | usd |
CY2022Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
42446000 | usd |
CY2021Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
92492000 | usd |
us-gaap |
Interest Paid Net
InterestPaidNet
|
16000 | usd | |
us-gaap |
Interest Paid Net
InterestPaidNet
|
-0 | usd | |
adn |
Noncash Or Partial Noncash Transaction Stock Based Compensation
NoncashOrPartialNoncashTransactionStockBasedCompensation
|
7747000 | usd | |
adn |
Noncash Or Partial Noncash Transaction Stock Based Compensation
NoncashOrPartialNoncashTransactionStockBasedCompensation
|
4079000 | usd | |
us-gaap |
Use Of Estimates
UseOfEstimates
|
<p id="xdx_84A_eus-gaap--UseOfEstimates_zb9c4m3mkKO8" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i><span id="xdx_867_z8dSwVRn2tS5">Use of Estimates</span> </i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the dates of the financial statements and the reported amounts of revenues and expenses during the reporting periods. On an on-going basis, management evaluates the estimates and judgments, including those related to the selection of useful lives for tangible assets, expected future cash flows from long-lived assets to support impairment tests, the carrying value of goodwill, provisions necessary for accounts receivables and inventory write downs, provisions for legal disputes, and contingencies. Management bases its estimates and judgments on historical experience and on various other factors that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results could differ from those estimates under different assumptions and/or conditions.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"/> | ||
us-gaap |
Derivatives Methods Of Accounting Nonhedging Derivatives
DerivativesMethodsOfAccountingNonhedgingDerivatives
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<p id="xdx_842_eus-gaap--DerivativesMethodsOfAccountingNonhedgingDerivatives_zhnoKo0pPP9e" style="font: 10pt Times New Roman, Times, Serif; margin: 0"><b><i><span id="xdx_86D_zwbbvLuRWHu2">Warrant Liability</span> </i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">As a result of the Business Combination, the Company assumed a warrant liability (the “Warrant Liability”) related to previously issued <span id="xdx_908_ecustom--ClassOfWarrantOrRightIssued_pip0_c20220101__20220930__us-gaap--FairValueByLiabilityClassAxis__us-gaap--DerivativeFinancialInstrumentsLiabilitiesMember_zdqLWQtKD56e" title="Warrants issued (in shares)">3,940,278</span> warrants, each exercisable to purchase one <span id="xdx_909_eus-gaap--ClassOfWarrantOrRightNumberOfSecuritiesCalledByEachWarrantOrRight_iI_c20220930__us-gaap--FairValueByLiabilityClassAxis__us-gaap--DerivativeFinancialInstrumentsLiabilitiesMember__us-gaap--StatementEquityComponentsAxis__us-gaap--CommonStockMember_zCRMnLQ9dvg2" style="display: none" title="Number of shares called by each warrant (in shares)">1</span> share of common stock at an exercise price of $<span id="xdx_905_eus-gaap--ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1_iI_pip0_c20220930__us-gaap--FairValueByLiabilityClassAxis__us-gaap--DerivativeFinancialInstrumentsLiabilitiesMember__us-gaap--StatementEquityComponentsAxis__us-gaap--CommonStockMember_zhovK9seYmy4" title="Exercise price (in dollars per share)">11.50</span> per share, originally sold to AMCI Sponsor LLC (the “Sponsor”) in a private placement consummated in connection with AMCI’s initial public offering (the “Private Placement Warrants”) and the <span id="xdx_904_ecustom--ClassOfWarrantOrRightIssued_pip0_c20220101__20220930__us-gaap--ClassOfWarrantOrRightAxis__custom--WorkingCapitalWarrantsMember_zAlj5v4rtpo1" title="Warrants issued (in shares)">400,000</span> warrants, each exercisable to purchase one share of common stock at an exercise price of $<span id="xdx_903_eus-gaap--ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1_iI_pip0_c20220930__us-gaap--ClassOfWarrantOrRightAxis__custom--WorkingCapitalWarrantsMember__us-gaap--StatementEquityComponentsAxis__us-gaap--CommonStockMember_zv5qJqhnT0y1" title="Exercise price (in dollars per share)">11.50</span> per share, converted from the Sponsor’s non-interest bearing loan to the Company of $<span id="xdx_90B_ecustom--NonInterestBearingLoan_pp0p0_c20220101__20220930__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__us-gaap--InvestorMember_z6WQNQgMfwNb" title="Non-interest bearing loan">400,000</span> in connection with the closing of the Business Combination (the “Working Capital Warrants”) (Note 13). The Private Placement Warrants and the Working Capital Warrants have substantially the same terms as the <span id="xdx_903_ecustom--ClassOfWarrantOrRightIssued_pip0_c20220101__20220930__us-gaap--ClassOfWarrantOrRightAxis__custom--PrivatePlacementWarrantMember_znx7ZfHYrWL1" title="Warrants issued (in shares)">22,029,279</span> warrants, each exercisable to purchase one <span id="xdx_90A_eus-gaap--ClassOfWarrantOrRightNumberOfSecuritiesCalledByEachWarrantOrRight_iI_pip0_c20220930__us-gaap--ClassOfWarrantOrRightAxis__custom--WorkingCapitalWarrantsMember__us-gaap--StatementEquityComponentsAxis__us-gaap--CommonStockMember_zVkBjNy4MmSg" style="display: none" title="Number of shares called by each warrant (in shares)">1</span> share of common stock at an exercise price of $<span id="xdx_901_eus-gaap--ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1_iI_pip0_c20220930__us-gaap--ClassOfWarrantOrRightAxis__custom--PrivatePlacementWarrantMember__us-gaap--StatementEquityComponentsAxis__us-gaap--CommonStockMember_zSyOQmUhxJrl" title="Exercise price (in dollars per share)">11.50</span> per share, issued by AMCI in its initial public offering (the “Public Warrants”).</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The following tables summarize the fair value of the Company’s assets and liabilities measured at fair value on a recurring basis as of September 30, 2022 and December 31, 2021.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"> </p> <table cellpadding="0" cellspacing="0" id="xdx_89C_eus-gaap--FairValueLiabilitiesMeasuredOnRecurringBasisTextBlock_pn3n3_zvF2HEgz5gtk" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Summary of Significant Accounting Policies (Details)"> <tr style="vertical-align: bottom; background-color: White"> <td style="text-indent: -0.125in; text-align: left; padding-left: 0.125in"><span id="xdx_8B9_zcbjclRVqLSj" style="display: none">Liabilities Measured at Fair Value on Recurring Basis</span></td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 0.125in; font-size: 12pt; text-indent: -0.125in"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">As of September 30, 2022 (unaudited)</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1pt; padding-left: 0.125in; text-indent: -0.125in">(Amounts in thousands)</td><td style="padding-bottom: 1pt; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Fair Value</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="padding-bottom: 1pt; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Unobservable Inputs<br/> (Level 3)</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 0.125in; font-weight: bold; text-indent: -0.125in">Assets</td><td style="font-size: 12pt"> </td> <td colspan="2" style="font-size: 12pt; text-align: center"> </td><td style="font-size: 12pt"> </td><td style="font-size: 12pt"> </td> <td colspan="2" style="font-size: 12pt; text-align: center"> </td><td style="font-size: 12pt"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-indent: -0.125in; width: 76%; text-align: left; padding-bottom: 1pt; padding-left: 0.125in">Available for sale financial asset</td><td style="width: 1%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left">$</td><td id="xdx_982_eus-gaap--AssetsFairValueDisclosure_iI_pn3n3_c20220930__us-gaap--FairValueByLiabilityClassAxis__us-gaap--DerivativeFinancialInstrumentsAssetsMember__us-gaap--FairValueByMeasurementFrequencyAxis__us-gaap--FairValueMeasurementsRecurringMember_zFrBZvmVhFId" style="border-bottom: Black 1pt solid; width: 9%; text-align: right" title="Assets">291</td><td style="width: 1%; padding-bottom: 1pt; text-align: left"> </td><td style="width: 1%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left">$</td><td id="xdx_987_eus-gaap--AssetsFairValueDisclosure_iI_pn3n3_c20220930__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member__us-gaap--FairValueByLiabilityClassAxis__us-gaap--DerivativeFinancialInstrumentsAssetsMember__us-gaap--FairValueByMeasurementFrequencyAxis__us-gaap--FairValueMeasurementsRecurringMember_z4GHauQj4FA9" style="border-bottom: Black 1pt solid; width: 9%; text-align: right" title="Assets">291</td><td style="width: 1%; padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; font-size: 12pt; padding-bottom: 2.5pt; padding-left: 0.125in"> </td><td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</td><td id="xdx_98A_eus-gaap--AssetsFairValueDisclosure_iI_pn3n3_c20220930__us-gaap--FairValueByMeasurementFrequencyAxis__us-gaap--FairValueMeasurementsRecurringMember_z7PvDRgHI04a" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Liabilities">291</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</td><td id="xdx_98A_eus-gaap--AssetsFairValueDisclosure_iI_pn3n3_c20220930__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member__us-gaap--FairValueByMeasurementFrequencyAxis__us-gaap--FairValueMeasurementsRecurringMember_zUqsswNOK6U7" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Assets">291</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-indent: -0.125in; font-size: 12pt; padding-left: 0.125in"> </td><td style="font-size: 12pt"> </td> <td style="font-size: 12pt; text-align: left"> </td><td style="font-size: 12pt; text-align: right"> </td><td style="font-size: 12pt; text-align: left"> </td><td style="font-size: 12pt"> </td> <td style="font-size: 12pt; text-align: left"> </td><td style="font-size: 12pt; text-align: right"> </td><td style="font-size: 12pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; font-weight: bold; padding-left: 0.125in">Liabilities</td><td style="font-size: 12pt"> </td> <td style="font-size: 12pt; text-align: left"> </td><td style="font-size: 12pt; text-align: right"> </td><td style="font-size: 12pt; text-align: left"> </td><td style="font-size: 12pt"> </td> <td style="font-size: 12pt; text-align: left"> </td><td style="font-size: 12pt; text-align: right"> </td><td style="font-size: 12pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-indent: -0.125in; text-align: left; padding-bottom: 1pt; padding-left: 0.125in">Warrant liability</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td id="xdx_981_eus-gaap--LiabilitiesFairValueDisclosure_iI_pn3n3_c20220930__us-gaap--FairValueByLiabilityClassAxis__us-gaap--DerivativeFinancialInstrumentsLiabilitiesMember__us-gaap--FairValueByMeasurementFrequencyAxis__us-gaap--FairValueMeasurementsRecurringMember_znDU0B16b6r6" style="border-bottom: Black 1pt solid; text-align: right" title="Liabilities">3,125</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td id="xdx_988_eus-gaap--LiabilitiesFairValueDisclosure_iI_pn3n3_c20220930__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member__us-gaap--FairValueByLiabilityClassAxis__us-gaap--DerivativeFinancialInstrumentsLiabilitiesMember__us-gaap--FairValueByMeasurementFrequencyAxis__us-gaap--FairValueMeasurementsRecurringMember_z4pKma26UT03" style="border-bottom: Black 1pt solid; text-align: right" title="Liabilities">3,125</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; font-size: 12pt; padding-bottom: 2.5pt; padding-left: 0.125in"> </td><td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</td><td id="xdx_988_eus-gaap--LiabilitiesFairValueDisclosure_iI_pn3n3_c20220930__us-gaap--FairValueByMeasurementFrequencyAxis__us-gaap--FairValueMeasurementsRecurringMember_z2NUsp5Pnt2k" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Liabilities">3,125</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</td><td id="xdx_989_eus-gaap--LiabilitiesFairValueDisclosure_iI_pn3n3_c20220930__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member__us-gaap--FairValueByMeasurementFrequencyAxis__us-gaap--FairValueMeasurementsRecurringMember_zPLGbciqEOR6" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Liabilities">3,125</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </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-left: 0.125in; font-size: 12pt; text-indent: -0.125in"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">As of December 31, 2021</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1pt; padding-left: 0.125in; text-indent: -0.125in">(Amounts in thousands)</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Fair Value</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Unobservable Inputs<br/> (Level 3)</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 0.125in; font-weight: bold; text-indent: -0.125in">Liabilities</td><td style="font-size: 12pt"> </td> <td style="font-size: 12pt; text-align: left"> </td><td style="font-size: 12pt; text-align: right"> </td><td style="font-size: 12pt; text-align: left"> </td><td style="font-size: 12pt"> </td> <td style="font-size: 12pt; text-align: left"> </td><td style="font-size: 12pt; text-align: right"> </td><td style="font-size: 12pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-indent: -0.125in; width: 76%; text-align: left; padding-bottom: 1pt; padding-left: 0.125in">Warrant liability</td><td style="width: 1%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left">$</td><td id="xdx_98E_eus-gaap--LiabilitiesFairValueDisclosure_iI_pn3n3_c20211231__us-gaap--FairValueByLiabilityClassAxis__us-gaap--DerivativeFinancialInstrumentsLiabilitiesMember__us-gaap--FairValueByMeasurementFrequencyAxis__us-gaap--FairValueMeasurementsRecurringMember_zaRUahuphGN4" style="border-bottom: Black 1pt solid; width: 9%; text-align: right" title="Liabilities">10,373</td><td style="width: 1%; padding-bottom: 1pt; text-align: left"> </td><td style="width: 1%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left">$</td><td id="xdx_984_eus-gaap--LiabilitiesFairValueDisclosure_iI_pn3n3_c20211231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member__us-gaap--FairValueByLiabilityClassAxis__us-gaap--DerivativeFinancialInstrumentsLiabilitiesMember__us-gaap--FairValueByMeasurementFrequencyAxis__us-gaap--FairValueMeasurementsRecurringMember_zn5DfA4cx4Il" style="border-bottom: Black 1pt solid; width: 9%; text-align: right" title="Liabilities">10,373</td><td style="width: 1%; padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; font-size: 12pt; padding-bottom: 2.5pt; padding-left: 0.125in"> </td><td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</td><td id="xdx_981_eus-gaap--LiabilitiesFairValueDisclosure_iI_pn3n3_c20211231__us-gaap--FairValueByMeasurementFrequencyAxis__us-gaap--FairValueMeasurementsRecurringMember_zJ8rCUNDW9fb" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Liabilities">10,373</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</td><td id="xdx_984_eus-gaap--LiabilitiesFairValueDisclosure_iI_pn3n3_c20211231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member__us-gaap--FairValueByMeasurementFrequencyAxis__us-gaap--FairValueMeasurementsRecurringMember_zj3buX9cYn3b" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Liabilities">10,373</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td></tr> </table> <p id="xdx_8A4_zCN0yfDgKPtj" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">As of December 31, 2021, the Company did <span id="xdx_900_eus-gaap--AssetsFairValueDisclosure_iI_pn3n3_do_c20211231__us-gaap--FairValueByMeasurementFrequencyAxis__us-gaap--FairValueMeasurementsRecurringMember_z8BcJ3AxJEg2" title="Assets, Fair Value Disclosure">no</span>t hold any assets measured at fair value on a recurring basis.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The carrying amounts of the Company’s remaining financial instruments reflected on the unaudited condensed consolidated balance sheets and which consist of cash and cash equivalents, accounts receivables, net, other current assets, trade and other payables, and other current liabilities, approximate their respective fair values due to their short-term nature.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Changes in the fair value of Level 3 assets and liabilities for the three and nine months ended September 30, 2022 and 2021 were as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" id="xdx_890_eus-gaap--FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock_pn3n3_zawHm6sFPtG7" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Summary of Significant Accounting Policies,Fair value liabilities (Details)"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; text-indent: -0.125in; text-align: left; padding-left: 0.125in"><span style="display: none"><span id="xdx_8B4_zkfcHssAVOr6">Change in Fair Value of Warrant Liability</span></span></td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"> <td colspan="17" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">Available for Sale Financial Asset</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; padding-left: 0.125in; text-align: left; text-indent: -0.125in">(Amounts in thousands)</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">For the Three Months Ended September 30,<br/> 2022 (unaudited)</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">For the Three Months Ended September 30,<br/> 2021 (unaudited)</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">For the Nine Months Ended September 30,<br/> 2022 (unaudited)</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">For the Nine Months Ended September 30,<br/> 2021 (unaudited)</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: bold 10pt Times New Roman, Times, Serif; text-indent: -0.125in; width: 52%; padding-left: 0.125in">Estimated fair value (beginning of period)</td><td style="font: bold 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td style="font: bold 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">$</td><td id="xdx_98D_eus-gaap--FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue_iS_pn3n3_c20220701__20220930__us-gaap--FairValueByLiabilityClassAxis__us-gaap--DerivativeFinancialInstrumentsLiabilitiesMember_zC6tyGFcGJg" style="font: bold 10pt Times New Roman, Times, Serif; width: 9%; text-align: right" title="Estimated fair value asset at beginning balance">311</td><td style="font: bold 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td style="font: bold 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td style="font: bold 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">$</td><td id="xdx_98F_eus-gaap--FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue_iS_pn3n3_d0_c20210701__20210930__us-gaap--FairValueByLiabilityClassAxis__us-gaap--DerivativeFinancialInstrumentsLiabilitiesMember_zOTpWpU4guQg" style="font: bold 10pt Times New Roman, Times, Serif; width: 9%; text-align: right" title="Estimated fair value at beginning balance"> -</td><td style="font: bold 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td style="font: bold 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td style="font: bold 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">$</td><td id="xdx_98C_eus-gaap--FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue_iS_pn3n3_d0_c20220101__20220930__us-gaap--FairValueByLiabilityClassAxis__us-gaap--DerivativeFinancialInstrumentsLiabilitiesMember_z1ZNDs8pHnVa" style="font: bold 10pt Times New Roman, Times, Serif; width: 9%; text-align: right" title="Estimated fair value at beginning balance">-</td><td style="font: bold 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"><b>$</b></td><td id="xdx_984_eus-gaap--FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue_iS_pn3n3_d0_c20210101__20210930__us-gaap--FairValueByLiabilityClassAxis__us-gaap--DerivativeFinancialInstrumentsLiabilitiesMember_zcvi0VlRb967" style="font: 10pt Times New Roman, Times, Serif; width: 9%; text-align: right" title="Estimated fair value at beginning balance"> -</td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; text-indent: -0.125in; text-align: left; padding-left: 0.125in">Estimated fair value of available for sale financial asset acquired</td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_987_eus-gaap--FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales_pn3n3_d0_c20220701__20220930__us-gaap--FairValueByLiabilityClassAxis__us-gaap--DerivativeFinancialInstrumentsLiabilitiesMember_zmEHh6d307Ge" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Estimated fair value of available for sale financial asset acquired">-</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_987_eus-gaap--FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales_pn3n3_d0_c20210701__20210930__us-gaap--FairValueByLiabilityClassAxis__us-gaap--DerivativeFinancialInstrumentsLiabilitiesMember_z2CRdpgzLV2g" style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_98F_eus-gaap--FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales_pn3n3_c20220101__20220930__us-gaap--FairValueByLiabilityClassAxis__us-gaap--DerivativeFinancialInstrumentsLiabilitiesMember_zIlLkiyS4ldk" style="font: 10pt Times New Roman, Times, Serif; text-align: right">311</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_986_eus-gaap--FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales_pn3n3_d0_c20210101__20210930__us-gaap--FairValueByLiabilityClassAxis__us-gaap--DerivativeFinancialInstrumentsLiabilitiesMember_z4IePF0RhYYd" style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; text-indent: -0.125in; text-align: left; padding-left: 0.125in">Foreign exchange fluctuations</td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_986_ecustom--FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetForeignExchangeFluctuations_iN_pn3n3_di_c20220701__20220930__us-gaap--FairValueByLiabilityClassAxis__us-gaap--DerivativeFinancialInstrumentsLiabilitiesMember_zJ5Akvtd4wOb" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Foreign exchange fluctuations">(20</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">)</td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_98C_ecustom--FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetForeignExchangeFluctuations_iN_pn3n3_di0_c20210701__20210930__us-gaap--FairValueByLiabilityClassAxis__us-gaap--DerivativeFinancialInstrumentsLiabilitiesMember_z6Y0bRBm5zRh" style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_983_ecustom--FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetForeignExchangeFluctuations_iN_pn3n3_di_c20220101__20220930__us-gaap--FairValueByLiabilityClassAxis__us-gaap--DerivativeFinancialInstrumentsLiabilitiesMember_zRMNVmXUALx8" style="font: 10pt Times New Roman, Times, Serif; text-align: right">(20</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">)</td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_988_ecustom--FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetForeignExchangeFluctuations_iN_pn3n3_di0_c20210101__20210930__us-gaap--FairValueByLiabilityClassAxis__us-gaap--DerivativeFinancialInstrumentsLiabilitiesMember_zmc959GoqI1j" style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; text-indent: -0.125in; text-align: left; padding-bottom: 1pt; padding-left: 0.125in">Change in estimated fair value</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_98D_eus-gaap--FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1_iN_pn3n3_di0_c20220701__20220930__us-gaap--FairValueByLiabilityClassAxis__us-gaap--DerivativeFinancialInstrumentsLiabilitiesMember_zVFqP9dqpNyk" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right" title="Change in estimated fair value">-</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_982_eus-gaap--FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1_iN_pn3n3_di0_c20210701__20210930__us-gaap--FairValueByLiabilityClassAxis__us-gaap--DerivativeFinancialInstrumentsLiabilitiesMember_znDCvpPuhTte" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right" title="Change in estimated fair value">-</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_98D_eus-gaap--FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1_iN_pn3n3_di0_c20220101__20220930__us-gaap--FairValueByLiabilityClassAxis__us-gaap--DerivativeFinancialInstrumentsLiabilitiesMember_zdana9MC1o5k" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right" title="Change in estimated fair value">-</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_98F_eus-gaap--FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1_iN_pn3n3_di0_c20210101__20210930__us-gaap--FairValueByLiabilityClassAxis__us-gaap--DerivativeFinancialInstrumentsLiabilitiesMember_zAKIf5ZNGSt7" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right" title="Change in estimated fair value">-</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-indent: -0.125in; padding-left: 0.125in">Estimated fair value (end of period)</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: left">$</td><td id="xdx_984_eus-gaap--FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue_iE_pn3n3_c20220701__20220930__us-gaap--FairValueByLiabilityClassAxis__us-gaap--DerivativeFinancialInstrumentsLiabilitiesMember_zjZAc56gw5sa" style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right" title="Estimated fair value at ending balance">291</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left"> </td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: left">$</td><td id="xdx_98B_eus-gaap--FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue_iE_pn3n3_d0_c20210701__20210930__us-gaap--FairValueByLiabilityClassAxis__us-gaap--DerivativeFinancialInstrumentsLiabilitiesMember_zQB7z5WalGd3" style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right" title="Estimated fair value at ending balance">-</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left"> </td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: left">$</td><td id="xdx_988_eus-gaap--FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue_iE_pn3n3_c20220101__20220930__us-gaap--FairValueByLiabilityClassAxis__us-gaap--DerivativeFinancialInstrumentsLiabilitiesMember_ze8GJ9vHZ2bl" style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right" title="Estimated fair value at ending balance">291</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left"> </td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: left">$</td><td id="xdx_980_eus-gaap--FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue_iE_pn3n3_d0_c20210101__20210930__us-gaap--FairValueByLiabilityClassAxis__us-gaap--DerivativeFinancialInstrumentsLiabilitiesMember_zFbjfPfaCIW7" style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right" title="Estimated fair value at ending balance">-</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"/> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td colspan="17" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Warrant Liability</td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1pt">(Amounts in thousands)</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">For the Three Months Ended September 30,<br/> 2022 (unaudited)</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">For the Three Months Ended September 30,<br/> 2021 (unaudited)</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">For the Nine Months Ended September 30,<br/> 2022 (unaudited)</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">For the Nine Months Ended September 30,<br/> 2021 (unaudited)</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 52%; font-weight: bold; text-indent: -0.125in; padding-left: 0.125in">Estimated fair value (beginning of period)</td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left">$</td><td id="xdx_985_eus-gaap--FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue_iS_pn3n3_c20220701__20220930__us-gaap--FairValueByLiabilityClassAxis__us-gaap--DerivativeFinancialInstrumentsLiabilitiesMember_zrrnfkKytbAd" style="width: 9%; font-weight: bold; text-align: right" title="Estimated fair value liability at beginning balance">2,214</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left">$</td><td id="xdx_985_eus-gaap--FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue_iS_pn3n3_c20210701__20210930__us-gaap--FairValueByLiabilityClassAxis__us-gaap--DerivativeFinancialInstrumentsLiabilitiesMember_zJnZXCafjZO7" style="width: 9%; font-weight: bold; text-align: right" title="Estimated fair value at beginning balance">19,705</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left">$</td><td id="xdx_982_eus-gaap--FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue_iS_pn3n3_c20220101__20220930__us-gaap--FairValueByLiabilityClassAxis__us-gaap--DerivativeFinancialInstrumentsLiabilitiesMember_zK9lheTQe3Kl" style="width: 9%; font-weight: bold; text-align: right" title="Estimated fair value at beginning balance">10,373</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left">$</td><td id="xdx_981_eus-gaap--FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue_iS_pn3n3_d0_c20210101__20210930__us-gaap--FairValueByLiabilityClassAxis__us-gaap--DerivativeFinancialInstrumentsLiabilitiesMember_z0EVjhf2SdZb" style="width: 9%; font-weight: bold; text-align: right" title="Estimated fair value at beginning balance">-</td><td style="width: 1%; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; text-indent: -0.125in; padding-left: 0.125in">Estimated fair value of warrant issuance</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98A_eus-gaap--FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityIssues_pn3n3_d0_c20220701__20220930__us-gaap--FairValueByLiabilityClassAxis__us-gaap--DerivativeFinancialInstrumentsLiabilitiesMember_zvpcdqfc2nzg" style="text-align: right" title="Estimated fair value of warrant issuance">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_eus-gaap--FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityIssues_pn3n3_d0_c20210701__20210930__us-gaap--FairValueByLiabilityClassAxis__us-gaap--DerivativeFinancialInstrumentsLiabilitiesMember_zC3Vi2Mmv5lk" style="text-align: right" title="Estimated fair value of warrant issuance">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_983_eus-gaap--FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityIssues_pn3n3_d0_c20220101__20220930__us-gaap--FairValueByLiabilityClassAxis__us-gaap--DerivativeFinancialInstrumentsLiabilitiesMember_zKHg1LvSAIn9" style="text-align: right" title="Estimated fair value of warrant issuance">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_eus-gaap--FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityIssues_pn3n3_c20210101__20210930__us-gaap--FairValueByLiabilityClassAxis__us-gaap--DerivativeFinancialInstrumentsLiabilitiesMember_zAfxIRt4j3Yh" style="text-align: right" title="Estimated fair value of warrant issuance">33,116</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt; text-indent: -0.125in; padding-left: 0.125in">Change in estimated fair value</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_983_eus-gaap--FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings_iN_pn3n3_di_c20220701__20220930__us-gaap--FairValueByLiabilityClassAxis__us-gaap--DerivativeFinancialInstrumentsLiabilitiesMember_zZdZgEoXEYO4" style="border-bottom: Black 1pt solid; text-align: right" title="Change in estimated fair value">911</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_989_eus-gaap--FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings_iN_pn3n3_di_c20210701__20210930__us-gaap--FairValueByLiabilityClassAxis__us-gaap--DerivativeFinancialInstrumentsLiabilitiesMember_zkL4UJT0IIu5" style="border-bottom: Black 1pt solid; text-align: right" title="Change in estimated fair value">(2,422</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_989_eus-gaap--FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings_iN_pn3n3_di_c20220101__20220930__us-gaap--FairValueByLiabilityClassAxis__us-gaap--DerivativeFinancialInstrumentsLiabilitiesMember_ziNXvYniwog" style="border-bottom: Black 1pt solid; text-align: right" title="Change in estimated fair value">(7,248</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_980_eus-gaap--FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings_iN_pn3n3_di_c20210101__20210930__us-gaap--FairValueByLiabilityClassAxis__us-gaap--DerivativeFinancialInstrumentsLiabilitiesMember_z19MCuPGEFEk" style="border-bottom: Black 1pt solid; text-align: right" title="Change in estimated fair value">(15,833</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 2.5pt; font-weight: bold; text-indent: -0.125in; padding-left: 0.125in">Estimated fair value (end of period)</td><td style="padding-bottom: 2.5pt; font-weight: bold"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</td><td id="xdx_988_eus-gaap--FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue_iE_pn3n3_c20220701__20220930__us-gaap--FairValueByLiabilityClassAxis__us-gaap--DerivativeFinancialInstrumentsLiabilitiesMember_zJTrsOLE8Yre" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Estimated fair value at ending balance">3,125</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 2.5pt; font-weight: bold"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</td><td id="xdx_985_eus-gaap--FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue_iE_pn3n3_c20210701__20210930__us-gaap--FairValueByLiabilityClassAxis__us-gaap--DerivativeFinancialInstrumentsLiabilitiesMember_zsJj7RPPRICh" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Estimated fair value at ending balance">17,283</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 2.5pt; font-weight: bold"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</td><td id="xdx_98A_eus-gaap--FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue_iE_pn3n3_c20220101__20220930__us-gaap--FairValueByLiabilityClassAxis__us-gaap--DerivativeFinancialInstrumentsLiabilitiesMember_zccX4LYjWsL5" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Estimated fair value at ending balance">3,125</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 2.5pt; font-weight: bold"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</td><td id="xdx_986_eus-gaap--FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue_iE_pn3n3_c20210101__20210930__us-gaap--FairValueByLiabilityClassAxis__us-gaap--DerivativeFinancialInstrumentsLiabilitiesMember_z7aB1S7QdSjl" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Estimated fair value at ending balance">17,283</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td></tr> </table> <p id="xdx_8A4_zVQcgZT7pfyc" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Warrant Liability is remeasured to its fair value at each reporting period and upon settlement. The change in fair value is recognized in “Fair value change of warrant liability” on the unaudited condensed consolidated statements of operations.</p> <p style="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The estimated fair value of the Private Placement Warrants and the Working Capital Warrants (each as defined below) is determined using Level 3 inputs by using the Black-Scholes model. The application of the Black-Scholes model requires the use of a number of inputs and significant assumptions including volatility. Significant judgment is required in determining the expected volatility of our common stock. Due to the limited history of trading of our common stock, we determined expected volatility based on a peer group of publicly traded companies.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The following tables provide quantitative information regarding Level 3 fair value measurement inputs as of their measurement date September 30, 2022:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" id="xdx_891_eus-gaap--FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTableTextBlock_pn3n3_zawWAP1dlWf2" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Summary of Significant Accounting Policies,Fair value measurement input (Details)"> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; text-indent: 0pt; padding-left: 0pt"><span id="xdx_8BF_zpMYyhQ5oPTk" style="display: none"><span id="xdx_8B1_z1B0j5GcdUdk" style="display: none">Fair Value Measurements Input</span></span></td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td colspan="5" style="font-weight: bold; text-align: center">Available for Sale Financial Asset</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 88%; text-align: left; text-indent: 0pt; padding-left: 0pt">Interest Rate</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right"><span id="xdx_907_ecustom--FairValueOfAssetInterestRate_iI_pip0_dp_c20220930__us-gaap--FairValueByLiabilityClassAxis__us-gaap--DerivativeFinancialInstrumentsAssetsMember__us-gaap--MeasurementInputTypeAxis__custom--MeasurementInputInterestRateMember_z66fa5WX26pc" title="Interest Rate">8.00</span></td><td style="width: 1%; text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; text-indent: 0pt; padding-left: 0pt">Discount Rate</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_900_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardDiscountFromMarketPriceOfferingDate_pip0_dp_uPure_c20220101__20220930__us-gaap--FairValueByLiabilityClassAxis__us-gaap--DerivativeFinancialInstrumentsAssetsMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputDiscountRateMember_zxfd8YDTTdql" title="Discount Rate">8.00</span></td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; text-indent: 0pt; padding-left: 0pt">Remaining term (in years)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_908_ecustom--FinancialAssetRemainingTermInYears_dtY_c20220101__20220930__us-gaap--FairValueByLiabilityClassAxis__us-gaap--DerivativeFinancialInstrumentsAssetsMember_zac4UPtLFK0a" title="Remaining term (in years)">2.75</span></td><td style="text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - FR"> <tr style="vertical-align: bottom"> <td colspan="5" style="font-weight: bold; text-align: center">Warrant Liability</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 88%; text-indent: 0pt; padding-left: 0pt">Stock price</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_987_eus-gaap--SharePrice_iI_pip0_c20220930__us-gaap--FairValueByLiabilityClassAxis__us-gaap--DerivativeFinancialInstrumentsLiabilitiesMember_zb9t2yRvWbF9" style="width: 9%; text-align: right" title="Stock price">3.06</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-indent: 0pt; padding-left: 0pt">Exercise price (strike price)</td><td> </td> <td style="text-align: left">$</td><td id="xdx_98A_eus-gaap--OptionIndexedToIssuersEquityStrikePrice1_pip0_c20220101__20220930__us-gaap--FairValueByLiabilityClassAxis__us-gaap--DerivativeFinancialInstrumentsLiabilitiesMember_zZzbfX7u9JPg" style="text-align: right" title="Exercise price (strike price)">11.50</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; text-indent: 0pt; padding-left: 0pt">Risk-free interest rate</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_905_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate_pip0_dp_c20220101__20220930__us-gaap--FairValueByLiabilityClassAxis__us-gaap--DerivativeFinancialInstrumentsLiabilitiesMember__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputRiskFreeInterestRateMember_z9Op1xtRyNV2" title="Risk-free interest rate">4.13</span></td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-indent: 0pt; padding-left: 0pt">Volatility</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_900_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate_pip0_dp_c20220101__20220930__us-gaap--FairValueByLiabilityClassAxis__us-gaap--DerivativeFinancialInstrumentsLiabilitiesMember_zqrrFCmB4FNj" title="Volatility">75.90</span></td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; text-indent: 0pt; padding-left: 0pt">Remaining term (in years)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_908_eus-gaap--WarrantsAndRightsOutstandingTerm_iI_dtY_c20220930__us-gaap--FairValueByLiabilityClassAxis__us-gaap--DerivativeFinancialInstrumentsLiabilitiesMember_zdFUktQ7WIz3" title="Remaining term (in years)">3.34</span></td><td style="text-align: left"> </td></tr> </table> <p id="xdx_8A3_z5eWzQU9kf8j" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company performs routine procedures such as comparing prices obtained from independent source to ensure that appropriate fair values are recorded.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i> </i></b></p> | ||
CY2022Q3 | us-gaap |
Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
|
0 | usd |
CY2021Q4 | us-gaap |
Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
|
0 | usd |
CY2022Q3 | us-gaap |
Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
|
2084000 | usd |
CY2021Q4 | us-gaap |
Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
|
3550000 | usd |
CY2022Q3 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
97000 | usd |
CY2021Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
411000 | usd |
CY2022Q3 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
1987000 | usd |
CY2021Q4 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
3139000 | usd |
CY2022Q2 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
415000 | usd |
CY2021Q2 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
0 | usd |
CY2021Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
411000 | usd |
CY2020Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
0 | usd |
CY2022Q3 | adn |
Additions To Other Assets Amounts
AdditionsToOtherAssetsAmounts
|
-1000 | usd |
CY2021Q3 | adn |
Additions To Other Assets Amounts
AdditionsToOtherAssetsAmounts
|
0 | usd |
adn |
Additions To Other Assets Amounts
AdditionsToOtherAssetsAmounts
|
39000 | usd | |
adn |
Additions To Other Assets Amounts
AdditionsToOtherAssetsAmounts
|
0 | usd | |
CY2022Q3 | adn |
Assumed At Business Combination
AssumedAtBusinessCombination
|
0 | usd |
CY2021Q3 | adn |
Assumed At Business Combination
AssumedAtBusinessCombination
|
397000 | usd |
adn |
Assumed At Business Combination
AssumedAtBusinessCombination
|
0 | usd | |
adn |
Assumed At Business Combination
AssumedAtBusinessCombination
|
397000 | usd | |
CY2022Q3 | adn |
Income From Unused Provisions
IncomeFromUnusedProvisions
|
319000 | usd |
CY2021Q3 | adn |
Income From Unused Provisions
IncomeFromUnusedProvisions
|
-0 | usd |
adn |
Income From Unused Provisions
IncomeFromUnusedProvisions
|
319000 | usd | |
adn |
Income From Unused Provisions
IncomeFromUnusedProvisions
|
-0 | usd | |
CY2022Q3 | adn |
Accounts Receivable Allowance For Credit Loss Foreign Exchange Fluctuations
AccountsReceivableAllowanceForCreditLossForeignExchangeFluctuations
|
-2000 | usd |
CY2021Q3 | adn |
Accounts Receivable Allowance For Credit Loss Foreign Exchange Fluctuations
AccountsReceivableAllowanceForCreditLossForeignExchangeFluctuations
|
-0 | usd |
adn |
Accounts Receivable Allowance For Credit Loss Foreign Exchange Fluctuations
AccountsReceivableAllowanceForCreditLossForeignExchangeFluctuations
|
34000 | usd | |
adn |
Accounts Receivable Allowance For Credit Loss Foreign Exchange Fluctuations
AccountsReceivableAllowanceForCreditLossForeignExchangeFluctuations
|
-0 | usd | |
CY2022Q3 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
97000 | usd |
CY2021Q3 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
397000 | usd |
CY2022Q3 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
97000 | usd |
CY2021Q3 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
397000 | usd |
CY2022Q3 | us-gaap |
Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
|
7239000 | usd |
CY2021Q4 | us-gaap |
Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
|
5361000 | usd |
CY2022Q3 | us-gaap |
Inventory Work In Process
InventoryWorkInProcess
|
555000 | usd |
CY2021Q4 | us-gaap |
Inventory Work In Process
InventoryWorkInProcess
|
757000 | usd |
CY2022Q3 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
3367000 | usd |
CY2021Q4 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
888000 | usd |
CY2022Q3 | us-gaap |
Inventory Gross
InventoryGross
|
11161000 | usd |
CY2021Q4 | us-gaap |
Inventory Gross
InventoryGross
|
7006000 | usd |
CY2022Q3 | adn |
Provision For Slow Moving Inventory
ProvisionForSlowMovingInventory
|
228000 | usd |
CY2021Q4 | adn |
Provision For Slow Moving Inventory
ProvisionForSlowMovingInventory
|
48000 | usd |
CY2022Q3 | us-gaap |
Inventory Net
InventoryNet
|
10933000 | usd |
CY2021Q4 | us-gaap |
Inventory Net
InventoryNet
|
6958000 | usd |
CY2022Q2 | adn |
Change In Provision For Slow Moving Inventory Balance At Beginning
ChangeInProvisionForSlowMovingInventoryBalanceAtBeginning
|
-44000 | usd |
CY2021Q2 | adn |
Change In Provision For Slow Moving Inventory Balance At Beginning
ChangeInProvisionForSlowMovingInventoryBalanceAtBeginning
|
-0 | usd |
CY2021Q4 | adn |
Change In Provision For Slow Moving Inventory Balance At Beginning
ChangeInProvisionForSlowMovingInventoryBalanceAtBeginning
|
-48000 | usd |
CY2020Q4 | adn |
Change In Provision For Slow Moving Inventory Balance At Beginning
ChangeInProvisionForSlowMovingInventoryBalanceAtBeginning
|
-0 | usd |
CY2022Q3 | adn |
Provision For Slow Moving Inventory Assumed Business Combination
ProvisionForSlowMovingInventoryAssumedBusinessCombination
|
0 | usd |
CY2021Q3 | adn |
Provision For Slow Moving Inventory Assumed Business Combination
ProvisionForSlowMovingInventoryAssumedBusinessCombination
|
49000 | usd |
adn |
Provision For Slow Moving Inventory Assumed Business Combination
ProvisionForSlowMovingInventoryAssumedBusinessCombination
|
0 | usd | |
adn |
Provision For Slow Moving Inventory Assumed Business Combination
ProvisionForSlowMovingInventoryAssumedBusinessCombination
|
49000 | usd | |
CY2022Q3 | adn |
Provision For Slow Moving Inventory Additions
ProvisionForSlowMovingInventoryAdditions
|
204000 | usd |
CY2021Q3 | adn |
Provision For Slow Moving Inventory Additions
ProvisionForSlowMovingInventoryAdditions
|
0 | usd |
adn |
Provision For Slow Moving Inventory Additions
ProvisionForSlowMovingInventoryAdditions
|
204000 | usd | |
adn |
Provision For Slow Moving Inventory Additions
ProvisionForSlowMovingInventoryAdditions
|
0 | usd | |
CY2022Q3 | adn |
Provision For Slow Moving Inventory Foreign Exchange Fluctuations
ProvisionForSlowMovingInventoryForeignExchangeFluctuations
|
20000 | usd |
CY2021Q3 | adn |
Provision For Slow Moving Inventory Foreign Exchange Fluctuations
ProvisionForSlowMovingInventoryForeignExchangeFluctuations
|
-0 | usd |
adn |
Provision For Slow Moving Inventory Foreign Exchange Fluctuations
ProvisionForSlowMovingInventoryForeignExchangeFluctuations
|
24000 | usd | |
adn |
Provision For Slow Moving Inventory Foreign Exchange Fluctuations
ProvisionForSlowMovingInventoryForeignExchangeFluctuations
|
-0 | usd | |
CY2022Q3 | adn |
Change In Provision For Slow Moving Inventory Balance At Beginning
ChangeInProvisionForSlowMovingInventoryBalanceAtBeginning
|
-228000 | usd |
CY2021Q3 | adn |
Change In Provision For Slow Moving Inventory Balance At Beginning
ChangeInProvisionForSlowMovingInventoryBalanceAtBeginning
|
-49000 | usd |
CY2022Q3 | adn |
Change In Provision For Slow Moving Inventory Balance At Beginning
ChangeInProvisionForSlowMovingInventoryBalanceAtBeginning
|
-228000 | usd |
CY2021Q3 | adn |
Change In Provision For Slow Moving Inventory Balance At Beginning
ChangeInProvisionForSlowMovingInventoryBalanceAtBeginning
|
-49000 | usd |
CY2022Q3 | us-gaap |
Prepaid Insurance
PrepaidInsurance
|
946000 | usd |
CY2021Q4 | us-gaap |
Prepaid Insurance
PrepaidInsurance
|
355000 | usd |
CY2022Q3 | adn |
Prepaid Research
PrepaidResearch
|
287000 | usd |
CY2021Q4 | adn |
Prepaid Research
PrepaidResearch
|
495000 | usd |
CY2022Q3 | us-gaap |
Prepaid Rent
PrepaidRent
|
93000 | usd |
CY2021Q4 | us-gaap |
Prepaid Rent
PrepaidRent
|
99000 | usd |
CY2022Q3 | us-gaap |
Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
|
331000 | usd |
CY2021Q4 | us-gaap |
Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
|
191000 | usd |
CY2022Q3 | us-gaap |
Prepaid Expense Current
PrepaidExpenseCurrent
|
1657000 | usd |
CY2021Q4 | us-gaap |
Prepaid Expense Current
PrepaidExpenseCurrent
|
1140000 | usd |
CY2022Q3 | us-gaap |
Value Added Tax Receivable
ValueAddedTaxReceivable
|
1063000 | usd |
CY2021Q4 | us-gaap |
Value Added Tax Receivable
ValueAddedTaxReceivable
|
981000 | usd |
CY2022Q3 | adn |
Withholding Tax
WithholdingTax
|
753000 | usd |
CY2021Q4 | adn |
Withholding Tax
WithholdingTax
|
108000 | usd |
CY2022Q3 | us-gaap |
Grants Receivable
GrantsReceivable
|
375000 | usd |
CY2021Q4 | us-gaap |
Grants Receivable
GrantsReceivable
|
510000 | usd |
CY2022Q3 | adn |
Purchases Under Receipt
PurchasesUnderReceipt
|
233000 | usd |
CY2021Q4 | adn |
Purchases Under Receipt
PurchasesUnderReceipt
|
274000 | usd |
CY2022Q3 | adn |
Guarantees
Guarantees
|
37000 | usd |
CY2021Q4 | adn |
Guarantees
Guarantees
|
24000 | usd |
CY2022Q3 | us-gaap |
Other Receivables Gross Current
OtherReceivablesGrossCurrent
|
908000 | usd |
CY2021Q4 | us-gaap |
Other Receivables Gross Current
OtherReceivablesGrossCurrent
|
2836000 | usd |
CY2022Q3 | adn |
Accrued Interest Income
AccruedInterestIncome
|
39000 | usd |
CY2021Q4 | adn |
Accrued Interest Income
AccruedInterestIncome
|
-0 | usd |
CY2022Q3 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
3408000 | usd |
CY2021Q4 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
4733000 | usd |
CY2021Q1 | us-gaap |
Area Of Real Estate Property
AreaOfRealEstateProperty
|
21401 | |
CY2021Q1 | adn |
Design And Construction Expenses Reimbursed By Lessor
DesignAndConstructionExpensesReimbursedByLessor
|
8000000.0 | usd |
CY2022Q3 | adn |
Design And Construction Expenses Reimbursed By Lessor
DesignAndConstructionExpensesReimbursedByLessor
|
6500000 | usd |
CY2022Q3 | us-gaap |
Accounts And Other Receivables Net Current
AccountsAndOtherReceivablesNetCurrent
|
800000 | usd |
CY2021Q4 | us-gaap |
Accounts And Other Receivables Net Current
AccountsAndOtherReceivablesNetCurrent
|
2600000 | usd |
CY2021Q4 | us-gaap |
Goodwill Gross
GoodwillGross
|
30000000.0 | usd |
CY2022Q3 | us-gaap |
Goodwill Gross
GoodwillGross
|
30000000.0 | usd |
CY2022Q3 | us-gaap |
Goodwill
Goodwill
|
30030000 | usd |
us-gaap |
Indefinitelived Intangible Assets Acquired
IndefinitelivedIntangibleAssetsAcquired
|
406000 | usd | |
us-gaap |
Indefinitelived Intangible Assets Acquired
IndefinitelivedIntangibleAssetsAcquired
|
406000 | usd | |
CY2022Q3 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
24311000 | usd |
CY2022Q3 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
3379000 | usd |
CY2022Q3 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
20932000 | usd |
CY2022Q3 | us-gaap |
Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
|
24717000 | usd |
CY2022Q3 | adn |
Intangible Assets Gross Excluding Goodwill Accumulated Amortization
IntangibleAssetsGrossExcludingGoodwillAccumulatedAmortization
|
3379000 | usd |
CY2022Q3 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
21338000 | usd |
CY2021 | us-gaap |
Indefinitelived Intangible Assets Acquired
IndefinitelivedIntangibleAssetsAcquired
|
406000 | usd |
CY2021 | us-gaap |
Indefinitelived Intangible Assets Acquired
IndefinitelivedIntangibleAssetsAcquired
|
406000 | usd |
CY2021Q4 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
24221000 | usd |
CY2021Q4 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
1283000 | usd |
CY2021Q4 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
22938000 | usd |
CY2021Q4 | us-gaap |
Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
|
24627000 | usd |
CY2021Q4 | adn |
Intangible Assets Gross Excluding Goodwill Accumulated Amortization
IntangibleAssetsGrossExcludingGoodwillAccumulatedAmortization
|
1283000 | usd |
CY2021Q4 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
23344000 | usd |
CY2022Q3 | us-gaap |
Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill
|
0 | usd |
us-gaap |
Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill
|
0 | usd | |
CY2021Q4 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
22938000 | usd |
CY2022Q3 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
16132000 | usd |
CY2021Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
15166000 | usd |
CY2022Q3 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
6387000 | usd |
CY2021Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
6581000 | usd |
CY2022Q3 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
9745000 | usd |
CY2021Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
8585000 | usd |
CY2022Q3 | us-gaap |
Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
|
800000 | usd |
us-gaap |
Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
|
3500000 | usd | |
CY2021Q3 | us-gaap |
Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
|
1800000 | usd |
us-gaap |
Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
|
2700000 | usd | |
CY2022Q3 | us-gaap |
Depreciation
Depreciation
|
300000 | usd |
CY2021Q3 | us-gaap |
Depreciation
Depreciation
|
500000 | usd |
us-gaap |
Depreciation
Depreciation
|
1100000 | usd | |
us-gaap |
Depreciation
Depreciation
|
600000 | usd | |
us-gaap |
Property Plant And Equipment Disposals
PropertyPlantAndEquipmentDisposals
|
200000 | usd | |
CY2021Q4 | adn |
Executive Severance Payable
ExecutiveSeverancePayable
|
1200000 | usd |
CY2022Q3 | us-gaap |
Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
|
1719000 | usd |
CY2021Q4 | us-gaap |
Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
|
5903000 | usd |
CY2022Q3 | adn |
Other Short Term Payables Current
OtherShortTermPayablesCurrent
|
4592000 | usd |
CY2021Q4 | adn |
Other Short Term Payables Current
OtherShortTermPayablesCurrent
|
4590000 | usd |
CY2022Q3 | us-gaap |
Taxes Payable Current
TaxesPayableCurrent
|
1114000 | usd |
CY2021Q4 | us-gaap |
Taxes Payable Current
TaxesPayableCurrent
|
1236000 | usd |
CY2021Q4 | us-gaap |
Accrued Vacation Current
AccruedVacationCurrent
|
424000 | usd |
CY2022Q3 | us-gaap |
Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
|
195000 | usd |
CY2021Q4 | us-gaap |
Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
|
208000 | usd |
CY2022Q3 | us-gaap |
Accrued Vacation Current
AccruedVacationCurrent
|
390000 | usd |
CY2022Q3 | adn |
Other Current Liabilities Social Security Funds
OtherCurrentLiabilitiesSocialSecurityFunds
|
46000 | usd |
CY2021Q4 | adn |
Other Current Liabilities Social Security Funds
OtherCurrentLiabilitiesSocialSecurityFunds
|
84000 | usd |
CY2022Q3 | adn |
Other Current Liabilities Overtime Provision
OtherCurrentLiabilitiesOvertimeProvision
|
41000 | usd |
CY2021Q4 | adn |
Other Current Liabilities Overtime Provision
OtherCurrentLiabilitiesOvertimeProvision
|
70000 | usd |
CY2022Q3 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
8097000 | usd |
CY2021Q4 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
12515000 | usd |
CY2022Q3 | us-gaap |
Accrued Bonuses Current
AccruedBonusesCurrent
|
-0 | usd |
CY2021Q4 | us-gaap |
Accrued Bonuses Current
AccruedBonusesCurrent
|
3603000 | usd |
CY2022Q3 | adn |
Accrued Construction Fees Current
AccruedConstructionFeesCurrent
|
446000 | usd |
CY2021Q4 | adn |
Accrued Construction Fees Current
AccruedConstructionFeesCurrent
|
1285000 | usd |
CY2022Q3 | us-gaap |
Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
|
193000 | usd |
CY2021Q4 | us-gaap |
Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
|
334000 | usd |
CY2022Q3 | us-gaap |
Accrued Payroll Taxes Current
AccruedPayrollTaxesCurrent
|
137000 | usd |
CY2021Q4 | us-gaap |
Accrued Payroll Taxes Current
AccruedPayrollTaxesCurrent
|
129000 | usd |
CY2022Q3 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
943000 | usd |
CY2021Q4 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
552000 | usd |
CY2022Q3 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
1719000 | usd |
CY2021Q4 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
5903000 | usd |
CY2021Q4 | adn |
Business Combination Consideration Payable Cash
BusinessCombinationConsiderationPayableCash
|
4400000 | usd |
CY2022Q3 | adn |
Business Combination Consideration Payable Cash
BusinessCombinationConsiderationPayableCash
|
4400000 | usd |
CY2022Q3 | us-gaap |
Product Warranty Accrual Noncurrent
ProductWarrantyAccrualNoncurrent
|
600000 | usd |
CY2021Q4 | us-gaap |
Product Warranty Accrual Noncurrent
ProductWarrantyAccrualNoncurrent
|
800000 | usd |
CY2022Q3 | us-gaap |
Product Warranty Accrual
ProductWarrantyAccrual
|
800000 | usd |
CY2021Q4 | us-gaap |
Product Warranty Accrual
ProductWarrantyAccrual
|
1000000.0 | usd |
CY2022Q3 | adn |
Percentage Of Accrued Warranty Reserve On Sale Price Of Goods Sold
PercentageOfAccruedWarrantyReserveOnSalePriceOfGoodsSold
|
0.08 | pure |
adn |
Period Of Accrued Warranty Reserve
PeriodOfAccruedWarrantyReserve
|
P2Y | ||
CY2022Q3 | adn |
Number Of Shares Authorized
NumberOfSharesAuthorized
|
111000000 | shares |
CY2022Q3 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
110000000 | shares |
CY2022Q3 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.0001 | |
CY2022Q3 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
1000000 | shares |
CY2022Q3 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.0001 | |
CY2021Q3 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
5124846 | shares |
CY2022Q3 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
51717720 | shares |
CY2022Q3 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
51717720 | shares |
CY2021Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
51253591 | shares |
CY2021Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
51253591 | shares |
CY2021Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.0001 | |
CY2022Q3 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.0001 | |
CY2022Q3 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
2399000 | usd |
CY2021Q3 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
1674000 | usd |
us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
5880000 | usd | |
us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
4167000 | usd | |
CY2022Q3 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
2399000 | usd |
CY2021Q3 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
1674000 | usd |
us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
5880000 | usd | |
us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
4167000 | usd | |
CY2022Q3 | us-gaap |
Contract With Customer Asset Gross Current
ContractWithCustomerAssetGrossCurrent
|
900000 | usd |
CY2021Q4 | us-gaap |
Contract With Customer Asset Gross Current
ContractWithCustomerAssetGrossCurrent
|
1600000 | usd |
CY2022Q3 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
1200000 | usd |
CY2021Q4 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
1100000 | usd |
us-gaap |
Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
|
100000 | usd | |
CY2022Q3 | us-gaap |
Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
|
2500000 | usd |
CY2021Q3 | us-gaap |
Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
|
2500000 | usd |
us-gaap |
Number Of Operating Segments
NumberOfOperatingSegments
|
1 | segment | |
CY2022Q3 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
2399000 | usd |
CY2021Q3 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
1674000 | usd |
us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
5880000 | usd | |
us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
4167000 | usd | |
CY2021Q4 | us-gaap |
Guarantee Obligations Current Carrying Value
GuaranteeObligationsCurrentCarryingValue
|
2700000 | usd |
CY2022Q3 | us-gaap |
Guarantee Obligations Current Carrying Value
GuaranteeObligationsCurrentCarryingValue
|
0 | usd |
CY2021Q4 | adn |
Contractual Obligation Minimum Quantity
ContractualObligationMinimumQuantity
|
21000 | sqm |
CY2022Q3 | adn |
Contractual Obligation Minimum Quantity Pieces
ContractualObligationMinimumQuantityPieces
|
3236 | electrodes |
CY2022Q3 | adn |
Contractual Obligation Minimum Quantity Pieces
ContractualObligationMinimumQuantityPieces
|
318400 | |
CY2021Q4 | adn |
Contractual Obligation Quantity Pieces Remainder Of Fiscal Year
ContractualObligationQuantityPiecesRemainderOfFiscalYear
|
904000 | electrodes |
CY2021Q4 | adn |
Contractual Obligation Quantity Pieces Remainder Of Fiscal Year
ContractualObligationQuantityPiecesRemainderOfFiscalYear
|
15200000 | |
CY2021Q4 | adn |
Contractual Obligation Quantity Remainder Of Fiscal Year
ContractualObligationQuantityRemainderOfFiscalYear
|
1200000 | sqm |
CY2021Q4 | us-gaap |
Contractual Obligation Future Minimum Payments Due Remainder Of Fiscal Year
ContractualObligationFutureMinimumPaymentsDueRemainderOfFiscalYear
|
970000 | usd |
CY2021Q4 | adn |
Contractual Obligation Quantity Pieces Year One
ContractualObligationQuantityPiecesYearOne
|
1428000 | electrodes |
CY2021Q4 | adn |
Contractual Obligation Quantity Pieces Year One
ContractualObligationQuantityPiecesYearOne
|
182400000 | |
CY2021Q4 | adn |
Contractual Obligation Quantity Year One
ContractualObligationQuantityYearOne
|
4000000 | sqm |
CY2021Q4 | us-gaap |
Contractual Obligation Due In Next Twelve Months
ContractualObligationDueInNextTwelveMonths
|
3523000 | usd |
CY2021Q4 | adn |
Contractual Obligation Quantity Pieces Year Two
ContractualObligationQuantityPiecesYearTwo
|
108000000 | |
CY2021Q4 | adn |
Contractual Obligation Quantity Year Two
ContractualObligationQuantityYearTwo
|
6000000 | sqm |
CY2021Q4 | us-gaap |
Contractual Obligation Due In Second Year
ContractualObligationDueInSecondYear
|
2467000 | usd |
CY2021Q4 | adn |
Contractual Obligation Quantity Pieces Years Three
ContractualObligationQuantityPiecesYearsThree
|
0 | electrodes |
CY2021Q4 | adn |
Contractual Obligation Quantity Pieces Years Three
ContractualObligationQuantityPiecesYearsThree
|
0 | |
CY2021Q4 | adn |
Contractual Obligation Quantity Year Three
ContractualObligationQuantityYearThree
|
8000000 | sqm |
CY2021Q4 | us-gaap |
Contractual Obligation Due In Third Year
ContractualObligationDueInThirdYear
|
1950000 | usd |
CY2021Q4 | adn |
Contractual Obligation Quantity Pieces
ContractualObligationQuantityPieces
|
2332000 | electrodes |
CY2021Q4 | adn |
Contractual Obligation Quantity Pieces
ContractualObligationQuantityPieces
|
305600000 | |
CY2021Q4 | adn |
Contractual Obligation Quantity
ContractualObligationQuantity
|
19200000 | sqm |
CY2021Q4 | us-gaap |
Contractual Obligation
ContractualObligation
|
8910000 | usd |
CY2021Q1 | us-gaap |
Area Of Real Estate Property
AreaOfRealEstateProperty
|
6041 | |
CY2021Q1 | us-gaap |
Capital Lease Obligations
CapitalLeaseObligations
|
500000 | usd |
CY2021Q1 | us-gaap |
Lessee Operating Lease Term Of Contract
LesseeOperatingLeaseTermOfContract
|
P5Y | |
CY2021Q1 | us-gaap |
Area Of Real Estate Property
AreaOfRealEstateProperty
|
21401 | |
CY2021Q1 | us-gaap |
Capital Lease Obligations
CapitalLeaseObligations
|
1500000 | usd |
CY2021Q1 | us-gaap |
Lessee Operating Lease Term Of Contract
LesseeOperatingLeaseTermOfContract
|
P8Y6M | |
CY2021Q1 | us-gaap |
Lessee Operating Lease Renewal Term
LesseeOperatingLeaseRenewalTerm
|
P5Y | |
CY2021Q1 | us-gaap |
Security Deposit
SecurityDeposit
|
800000 | usd |
CY2021Q3 | us-gaap |
Area Of Real Estate Property
AreaOfRealEstateProperty
|
1017 | |
CY2021Q3 | adn |
Operating Lease Monthly Basic Rate Plus Vat
OperatingLeaseMonthlyBasicRatePlusVAT
|
7768 | eur |
CY2021Q3 | us-gaap |
Security Deposit
SecurityDeposit
|
30000 | eur |
CY2022Q3 | us-gaap |
Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
|
300000 | usd |
us-gaap |
Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
|
1000000.0 | usd | |
CY2021Q3 | us-gaap |
Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
|
300000 | usd |
us-gaap |
Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
|
500000 | usd | |
CY2021Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
|
934000 | usd |
CY2021Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
2439000 | usd |
CY2021Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
|
2309000 | usd |
CY2021Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
|
2308000 | usd |
CY2021Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
|
1933000 | usd |
CY2021Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
|
16425000 | usd |
CY2021Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
26348000 | usd |
CY2022Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-11468000 | usd |
CY2021Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-11280000 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-26712000 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-11517000 | usd | |
CY2022Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
51660133 | shares |
CY2021Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
48325164 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
51465004 | shares | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
43982039 | shares | |
CY2022Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
51660133 | shares |
CY2021Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
48325164 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
51465004 | shares | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
43982039 | shares | |
CY2022Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.22 | |
CY2021Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.23 | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.52 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.26 | ||
CY2022Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.22 | |
CY2021Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.23 | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.52 | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.26 |