2024 Q3 Form 10-Q Financial Statement

#000182912624008577 Filed on December 27, 2024

View on sec.gov

Income Statement

Concept 2024 Q3
Revenue $128.0K
YoY Change -89.87%
Cost Of Revenue $336.0K
YoY Change -86.32%
Gross Profit -$208.0K
YoY Change -82.55%
Gross Profit Margin -162.5%
Selling, General & Admin $3.135M
YoY Change -64.84%
% of Gross Profit
Research & Development $411.0K
YoY Change -80.71%
% of Gross Profit
Depreciation & Amortization $200.0K
YoY Change -77.78%
% of Gross Profit
Operating Expenses $3.546M
YoY Change -67.9%
Operating Profit -$7.927M
YoY Change -32.0%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net -$2.000K
YoY Change -98.37%
Pretax Income -$9.615M
YoY Change -19.38%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$18.52M
YoY Change 56.36%
Net Earnings / Revenue -14470.31%
Basic Earnings Per Share -$7.03
Diluted Earnings Per Share -$7.03
COMMON SHARES
Basic Shares Outstanding 2.637M shares
Diluted Shares Outstanding 2.637M shares

Balance Sheet

Concept 2024 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $192.0K
Short-Term Investments
Other Short-Term Assets $313.0K
YoY Change -86.27%
Inventory $97.00K
Prepaid Expenses $548.0K
Receivables $274.0K
Other Receivables
Total Short-Term Assets $1.424M
YoY Change -93.95%
LONG-TERM ASSETS
Property, Plant & Equipment $5.310M
YoY Change -78.11%
Goodwill
YoY Change
Intangibles $77.00K
YoY Change -95.7%
Long-Term Investments
YoY Change
Other Assets $239.0K
YoY Change -76.64%
Total Long-Term Assets $5.905M
YoY Change -81.48%
TOTAL ASSETS
Total Short-Term Assets $1.424M
Total Long-Term Assets $5.905M
Total Assets $7.329M
YoY Change -86.77%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $16.42M
YoY Change 167.69%
Accrued Expenses $563.0K
YoY Change -50.57%
Deferred Revenue $1.230M
YoY Change 72.75%
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $25.14M
YoY Change 96.21%
LONG-TERM LIABILITIES
Long-Term Debt
YoY Change
Other Long-Term Liabilities $1.000K
YoY Change -99.86%
Total Long-Term Liabilities $259.0K
YoY Change -97.41%
TOTAL LIABILITIES
Total Short-Term Liabilities $25.14M
Total Long-Term Liabilities $259.0K
Total Liabilities $25.40M
YoY Change 11.34%
SHAREHOLDERS EQUITY
Retained Earnings -$218.3M
YoY Change 42.29%
Common Stock $0.00
YoY Change -100.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$18.07M
YoY Change
Total Liabilities & Shareholders Equity $7.329M
YoY Change -86.77%

Cashflow Statement

Concept 2024 Q3
OPERATING ACTIVITIES
Net Income -$18.52M
YoY Change 56.36%
Depreciation, Depletion And Amortization $200.0K
YoY Change -77.78%
Cash From Operating Activities
YoY Change
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities
YoY Change
NET CHANGE
Cash From Operating Activities
Cash From Investing Activities
Cash From Financing Activities
Net Change In Cash
YoY Change
FREE CASH FLOW
Cash From Operating Activities
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

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us-gaap Net Income Loss
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us-gaap Increase Decrease In Contract With Customer Asset
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us-gaap Increase Decrease In Inventories
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us-gaap Increase Decrease In Contract With Customer Liability
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CashProvidedByUsedInOperatingActivities
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CashProvidedByUsedInInvestingActivities
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us-gaap Net Cash Provided By Used In Discontinued Operations
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2024Q3 us-gaap Cash And Cash Equivalents At Carrying Value
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CashAndCashEquivalentsAtCarryingValue
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CY2024Q3 us-gaap Restricted Cash And Cash Equivalents
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CY2023Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
6429000 usd
us-gaap Noncash Or Part Noncash Acquisition Other Assets Acquired1
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us-gaap Basis Of Accounting
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<p id="xdx_809_eus-gaap--BasisOfAccounting_zgIY9fTPkM71" style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"> <b>1.</b> <b><span id="xdx_82C_zhJKFYZWK7lk">Basis of presentation</span></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"><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">Advent Technologies Holdings, Inc. and its subsidiaries (collectively referred to as “Advent” and the “Company”) is an advanced materials and technology development company operating in the fuel cell, methanol, and hydrogen technology space. Advent is a world-leading company in the development of the HT-PEM technology (with more than 150 patents issued, pending, or licensed worldwide). The HT-PEM fuel cell technology developed by Advent enables off-grid power systems to produce clean power from various green fuels (hydrogen, methanol, bio and eMethanol, and renewable natural gas) and to function with higher efficiency at extreme ambient temperatures and in general extreme environmental conditions (humidity, air pollution). Advent’s main operations focus on developing and manufacturing the Membrane Electrode Assembly (MEA), which is the core electrochemical element and the most critical component of the fuel cell. The MEA largely determines lifetime, power density, efficiency, and overall cost of installation and operation for all applications. Advent is working with world-leading market-leading OEMs with the goal of bringing to the market complete fuel cell systems for a range of applications in the stationary power markets (backup, off-grid, and portable power) and the heavy-duty mobility markets (automotive, aviation, marine).</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">Advent has its headquarters in Livermore, California, and the Company has MEA and fuel cell product development facilities in Livermore, California and Patras, Greece. Previously, the Company’s headquarters were located in Boston, Massachusetts. During 2023, the Company decided to consolidate certain of its German operations with its operations in Greece. During June 2024, the Company closed its facilities in Boston, MA, and no longer maintains its facilities in Denmark and the Philippines due to the bankruptcy of Advent Technologies A/S in July 2024.</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 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_909_eus-gaap--BusinessAcquisitionPercentageOfVotingInterestsAcquired_c20210204__us-gaap--BusinessAcquisitionAxis__custom--AMCIAcquisitionCorpMember_pdd" 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. 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.</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.</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">UltraCell LLC was renamed Advent Technologies LLC following its acquisition by the Company.</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 June 25, 2021, the Company entered into a Share 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.</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">SerEnergy and FES were renamed to Advent Technologies A/S and Advent Technologies GmbH, respectively, following their acquisition by the Company on August 31, 2021.</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 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"> </p> <table cellpadding="0" cellspacing="0" id="xdx_885_ecustom--SubsidiariesInConsolidationTableTextBlock_pn3n3_z3yPOA1CXUy3" 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="text-indent: -0.125in; padding-left: 0.125in; text-align: left"><span id="xdx_8B9_zohqS8YzKOO7" style="display: none">Schedule of subsidiaries in consolidation</span></td> <td> </td> <td style="text-align: center"> </td> <td> </td> <td style="text-align: center"> </td> <td> </td> <td style="text-align: center"> </td> <td> </td> <td style="text-align: center"> </td> <td> </td> <td style="text-align: center"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-indent: -0.125in; padding-left: 0.125in; font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="font-weight: bold; text-align: center">Country of</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Ownership Interest</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Statements of Operations</td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; vertical-align: bottom; font-weight: bold; text-align: left">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 style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Direct</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Indirect</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2024</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2023</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; width: 41%; text-align: left"><span id="xdx_903_ecustom--NameOfSubsidiary_c20240101__20240930__srt--ConsolidatedEntitiesAxis__custom--AdventTechnologiesIncMember_zTUj6wF51VLf" title="Company Name">Advent Technologies, Inc.</span></td> <td style="width: 1%"> </td> <td style="width: 10%; text-align: center"><span id="xdx_90C_ecustom--SubsidiaryPlaceOfIncorporation_c20240101__20240930__srt--ConsolidatedEntitiesAxis__custom--AdventTechnologiesIncMember_zHRAQLrphDbl" title="Country of Incorporation">USA</span></td> <td style="width: 2%"> </td> <td style="width: 10%; text-align: center"><span id="xdx_908_ecustom--OwnershipPercentageInSubsdaries_iI_c20240930__srt--ConsolidatedEntitiesAxis__custom--AdventTechnologiesIncMember__srt--OwnershipAxis__custom--DirectOwnershipMember_zKd1CURzxIoa" title="Ownership Interest">100%</span></td> <td style="width: 2%"> </td> <td style="width: 10%; text-align: center"><span id="xdx_903_ecustom--OwnershipPercentageInSubsdaries_c20240930__srt--ConsolidatedEntitiesAxis__custom--AdventTechnologiesIncMember__srt--OwnershipAxis__custom--IndirectOwnershipMember_zlFq3jMm1Lya" title="Ownership Interest"><span style="-sec-ix-hidden: xdx2ixbrl0915">-</span></span></td> <td style="width: 2%"> </td> <td style="width: 10%; text-align: center"><span id="xdx_907_ecustom--StatementsOfOperationsDate_c20240101__20240930__srt--ConsolidatedEntitiesAxis__custom--AdventTechnologiesIncMember_z7pEHCOH8hFg" title="Statements of Operations date">01/01 – 9/30</span></td> <td style="width: 2%"> </td> <td style="width: 10%; text-align: center"><span id="xdx_900_ecustom--StatementsOfOperationsDate_c20230101__20230930__srt--ConsolidatedEntitiesAxis__custom--AdventTechnologiesIncMember_zlDsNBhzlZW4" title="Statements of Operations date">01/01 – 9/30</span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left"><span id="xdx_902_ecustom--NameOfSubsidiary_c20240101__20240930__srt--ConsolidatedEntitiesAxis__custom--AdventTechnologiesSAMember_zPwP8uC7kdf7" title="Company Name">Advent Technologies S.A.</span></td> <td> </td> <td style="text-align: center"><span id="xdx_90D_ecustom--SubsidiaryPlaceOfIncorporation_c20240101__20240930__srt--ConsolidatedEntitiesAxis__custom--AdventTechnologiesSAMember_zxgqFI1lhRLa" title="Country of Incorporation">Greece</span></td> <td> </td> <td style="text-align: center"><span id="xdx_90E_ecustom--OwnershipPercentageInSubsdaries_c20240930__srt--ConsolidatedEntitiesAxis__custom--AdventTechnologiesSAMember__srt--OwnershipAxis__custom--DirectOwnershipMember_zfbLpRzxAZz8" title="Ownership Interest"><span style="-sec-ix-hidden: xdx2ixbrl0925">-</span></span></td> <td> </td> <td style="text-align: center"><span id="xdx_907_ecustom--OwnershipPercentageInSubsdaries_c20240930__srt--ConsolidatedEntitiesAxis__custom--AdventTechnologiesSAMember__srt--OwnershipAxis__custom--IndirectOwnershipMember_z5Wcqq4DtKK6" title="Ownership Interest">100%</span></td> <td> </td> <td style="text-align: center"><span id="xdx_902_ecustom--StatementsOfOperationsDate_c20240101__20240930__srt--ConsolidatedEntitiesAxis__custom--AdventTechnologiesSAMember_ztkF09avCwfj" title="Statements of Operations date">01/01 – 9/30</span></td> <td> </td> <td style="text-align: center"><span id="xdx_906_ecustom--StatementsOfOperationsDate_c20230101__20230930__srt--ConsolidatedEntitiesAxis__custom--AdventTechnologiesSAMember_zjoXoEjF2JA9" title="Statements of Operations date">01/01 – 9/30</span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left"><span id="xdx_905_ecustom--NameOfSubsidiary_c20240101__20240930__srt--ConsolidatedEntitiesAxis__custom--AdventTechnologiesLLCMember_zrtijxwZYZ5d" title="Company Name">Advent Technologies LLC</span></td> <td> </td> <td style="text-align: center"><span id="xdx_90C_ecustom--SubsidiaryPlaceOfIncorporation_c20240101__20240930__srt--ConsolidatedEntitiesAxis__custom--AdventTechnologiesLLCMember_z06zMXn4JA4b" title="Country of Incorporation">USA</span></td> <td> </td> <td style="text-align: center"><span id="xdx_907_ecustom--OwnershipPercentageInSubsdaries_c20240930__srt--ConsolidatedEntitiesAxis__custom--AdventTechnologiesLLCMember__srt--OwnershipAxis__custom--DirectOwnershipMember_zv6XRVo3ysoa" title="Ownership Interest"><span style="-sec-ix-hidden: xdx2ixbrl0937">-</span></span></td> <td> </td> <td style="text-align: center"><span id="xdx_906_ecustom--OwnershipPercentageInSubsdaries_c20240930__srt--ConsolidatedEntitiesAxis__custom--AdventTechnologiesLLCMember__srt--OwnershipAxis__custom--IndirectOwnershipMember_z9ke8PE8Aa49" title="Ownership Interest">100%</span></td> <td> </td> <td style="text-align: center"><span id="xdx_909_ecustom--StatementsOfOperationsDate_c20240101__20240930__srt--ConsolidatedEntitiesAxis__custom--AdventTechnologiesLLCMember_zfY1yXVtZYjc" title="Statements of Operations date">01/01 – 9/30</span></td> <td> </td> <td style="text-align: center"><span id="xdx_909_ecustom--StatementsOfOperationsDate_c20230101__20230930__srt--ConsolidatedEntitiesAxis__custom--AdventTechnologiesLLCMember_zbZDXsWsumQ8" title="Statements of Operations date">01/01 – 9/30</span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left"><span id="xdx_90F_ecustom--NameOfSubsidiary_c20240101__20240930__srt--ConsolidatedEntitiesAxis__custom--AdventTechnologiesGmbHMember_zk4gYZ0Jxqp9" title="Company Name">Advent Technologies GmbH</span></td> <td> </td> <td style="text-align: center"><span id="xdx_90B_ecustom--SubsidiaryPlaceOfIncorporation_c20240101__20240930__srt--ConsolidatedEntitiesAxis__custom--AdventTechnologiesGmbHMember_zu1NDR7j7ZC6" title="Country of Incorporation">Germany</span></td> <td> </td> <td style="text-align: center"><span id="xdx_907_ecustom--OwnershipPercentageInSubsdaries_c20240930__srt--ConsolidatedEntitiesAxis__custom--AdventTechnologiesGmbHMember__srt--OwnershipAxis__custom--DirectOwnershipMember_zjodWj9fnLN" title="Ownership Interest">100%</span></td> <td> </td> <td style="text-align: center"><span id="xdx_901_ecustom--OwnershipPercentageInSubsdaries_c20240930__srt--ConsolidatedEntitiesAxis__custom--AdventTechnologiesGmbHMember__srt--OwnershipAxis__custom--IndirectOwnershipMember_ziCARuPXrzYf" title="Ownership Interest"><span style="-sec-ix-hidden: xdx2ixbrl0951">-</span></span></td> <td> </td> <td style="text-align: center"><span id="xdx_901_ecustom--StatementsOfOperationsDate_c20240101__20240930__srt--ConsolidatedEntitiesAxis__custom--AdventTechnologiesGmbHMember_z29BhQYijir4" title="Statements of Operations date">01/01 – 9/30</span></td> <td> </td> <td style="text-align: center"><span id="xdx_90F_ecustom--StatementsOfOperationsDate_c20230101__20230930__srt--ConsolidatedEntitiesAxis__custom--AdventTechnologiesGmbHMember_z2tOygisuQxf" title="Statements of Operations date">01/01 – 9/30</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">On July 25, 2024, Advent Technologies A/S was declared bankrupt by the court in Aalborg, Denmark. The petition was brought by IDA, the union of engineers for €402,000. As the Company did not have the ability to pay the full amount due, the Danish court declared Advent Technologies A/S bankrupt. Advent Technologies A/S and its wholly owned subsidiary Advent Green Energy Philippines, Inc. will be liquidated by the court appointed trustee to settle all claims under the bankruptcy. The Company anticipates it will receive no residual assets. As a result of their bankruptcy, Advent Technologies A/S and Advent Green Energy Philippines, Inc. (collectively referred to as the “Discontinued Subsidiaries”) have been presented as discontinued operations in the accompanying financial statements.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><b><i>Unaudited Condensed Consolidated Financial Statements</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 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, 2023, included in the Annual Report on Form 10-K filed with the SEC on August 13, 2024.</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">We reclassified certain prior year amounts in our consolidated financial statements to conform to the current year presentation. All reclassifications have been applied consistently to the 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">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> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Going Concern</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 accompanying unaudited condensed consolidated financial statements have been prepared assuming the Company will continue as a going concern. The Company considers that the going concern basis is appropriate for the preparation of its unaudited condensed consolidated financial statements, as it is pursuing additional fund raising as disclosed below and has no intentions to proceed with liquidation. The going concern basis of presentation assumes that the Company will continue in operation one year from the date these unaudited condensed consolidated financial statements are issued and will be able to realize its assets and discharge its liabilities and commitments in the normal course of business. As such, the accompanying unaudited condensed consolidated financial statements do not include any adjustments relating to the recoverability and classification of assets and their carrying amounts, or the amount and classification of liabilities that may result should the Company be unable to continue as a going concern.</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 the Financial Accounting Standards Board (“FASB”) Accounting Standards Update (“ASU”) 2014-15, Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern (Subtopic 205-40), the Company has evaluated whether there are conditions and events, considered in the aggregate, that raise substantial doubt about the Company’s ability to continue as a going concern for one year from the date that the unaudited condensed consolidated financial statements are issued. The Company’s ability to meet its liquidity needs will largely depend on its ability to generate cash in the future. During the nine months ended September 30, 2024, the Company provided $3.1 <span id="xdx_905_eus-gaap--NetCashProvidedByUsedInOperatingActivitiesContinuingOperations_pn3n3_c20240101__20240930_zXrImugAGLk8" style="display: none" title="Net cash used in operating activities">3,088</span> million of cash in operating activities (excluding discontinued operations), and the Company’s ability to generate cash in the future is subject to general economic, financial, competitive, legislative, regulatory, and other factors that are beyond the Company’s control. Furthermore, the Company has suffered recurring operating losses and has a negative net working capital position of $<span id="xdx_901_ecustom--NegativeNetWorkingCapital_iI_pn3n3_dm_c20240930_z1hOhrspQjd6" title="Negative net working capital">23.0</span> million as of September 30, 2024. In addition, as of the issuance date of these unaudited condensed consolidated financial statements the Company is overdue in a number of its obligations which could give the right to creditors at any time from the issuance date of these consolidated financial statements to raise legal action against the Company which in turn could potentially lead to liquidation action against the Company and/or its subsidiaries. The transition to profitability and positive cash flow is highly dependent upon the successful development, approval, and commercialization of the Company’s products and the achievement of a revenue level adequate to support its cost structure and the Company can give no assurances that this will occur. Based on the Company’s current operating plan, the Company believes that its cash and cash equivalents as of September 30, 2024, of $<span id="xdx_908_eus-gaap--CashAndCashEquivalentsAtCarryingValue_iI_pn3n3_dm_c20240930__us-gaap--CashAndCashEquivalentsAxis__us-gaap--CashEquivalentsMember_z7VEksEptPOl" title="Cash and cash equivalents">0.2</span> million and $<span id="xdx_906_eus-gaap--CashAndCashEquivalentsAtCarryingValue_iI_pn3n3_dm_c20240925__us-gaap--CashAndCashEquivalentsAxis__us-gaap--CashEquivalentsMember_zaWxS3PPjl0d" title="Cash and cash equivalents">0.5</span> million as of December 26, 2024, are not sufficient to fund operations and capital expenditures for the twelve months following the filing of this Quarterly Report on Form 10-Q, and the Company will need to obtain additional funding in the very near term, otherwise the Company may immediately substantially curtail or terminate its operations.</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 Company performed a cash flow projection on a monthly basis for the twelve-month period following the issuance of the consolidated financial statements. With regards to the cash flow projections, the projected inflows from revenues and grants will be insufficient to cover the projected outflows, as such, the Company will continue to have a negative net working capital position and a delay in the projected timing of the short term financing and inflows and/or an immediate demand by creditors of repayment of the long outstanding payables may result in the Company being insolvent and short of cash at any specific time over the coming weeks and over the next twelve months.</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 highlights of the projections are as follows:</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 Company projects cash inflows from contracted revenues and grants for which it has already signed agreements with third parties and estimates projected outflows assuming the effective implementation of the Company’s plans to reduce monthly expenditures gradually during 2024.</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 addition, the projections do not include any cash outflows relating to commitments and contingencies as disclosed in Note 19 to the unaudited condensed consolidated financial statements, since the Company believes that any cash outflows relating to these commitments will not materialize based on the Company’s plans to agree the termination of such contracts with its suppliers and a contingent loss as outcome of the pending arbitration it is not probable.</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">Until such time as the Company generates sufficient revenue to fund its operations (if ever), the Company plans to finance its operations and repay its existing and future liabilities and other obligations through the sale of equity and/or debt securities and, to the extent available, short-term and long-term loans.</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">With regards to the projected revenues and grants, a delay in the projected timing of inflows may result in the Company remaining insolvent and short of cash at any specific time over the next twelve months. Also, there is no guarantee that the Company’s plans to reduce monthly expenditures will be successful.</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">If the Company is unable to obtain sufficient funding, it could be required to delay its development efforts, limit activities, and further reduce research and development costs, which could adversely affect its business prospects and delivery of contractual obligations. A cash shortfall at any point in time over the next twelve months could result in the Company failing to meet its overdue and current obligations which could trigger action against the Company and/or its subsidiaries for liquidation by employees, authorities, or creditors. Because of the uncertainty in securing additional funding, delays in growth of revenue, failure to materialize cost-cutting efforts and the insufficient amount of cash and cash equivalents as of the consolidated financial statement filing date, management has concluded that substantial doubt exists with respect to the Company’s ability to continue as a going concern for one year from the date the unaudited condensed consolidated financial statements are issued.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p>
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
3088000 usd
CY2024Q3 adn Negative Net Working Capital
NegativeNetWorkingCapital
23000000.0 usd
us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_84E_eus-gaap--UseOfEstimates_zCGkgbtcMfF5" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i><span id="xdx_86D_zTyzea7Dckz5">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"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p>
CY2023Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
900000 usd
CY2024Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
192000 usd
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
3200000 usd
CY2023Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
100000 usd
CY2023Q4 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
750000 usd
CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
192000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
4050000 usd
CY2024Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
4300000 usd
CY2024Q3 us-gaap Interest And Other Income
InterestAndOtherIncome
7000 usd
us-gaap Interest And Other Income
InterestAndOtherIncome
21000 usd
CY2024Q3 adn Due To Related Parties
DueToRelatedParties
253000 usd
us-gaap Related Party Transaction Rate
RelatedPartyTransactionRate
0.0500 pure
CY2024Q3 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
2142000 usd
CY2023Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
348000 usd
CY2024Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
1868000 usd
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
285000 usd
CY2024Q3 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
274000 usd
CY2023Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
63000 usd
CY2024Q3 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
4967000 usd
CY2023Q4 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
4864000 usd
CY2024Q3 us-gaap Inventory Work In Process
InventoryWorkInProcess
228000 usd
CY2023Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
90000 usd
CY2024Q3 us-gaap Inventory Finished Goods
InventoryFinishedGoods
264000 usd
CY2023Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
259000 usd
CY2024Q3 us-gaap Inventory Gross
InventoryGross
5459000 usd
CY2023Q4 us-gaap Inventory Gross
InventoryGross
5213000 usd
CY2024Q3 adn Provision For Inventory
ProvisionForInventory
5362000 usd
CY2023Q4 adn Provision For Inventory
ProvisionForInventory
5018000 usd
CY2024Q3 us-gaap Inventory Net
InventoryNet
97000 usd
CY2023Q4 us-gaap Inventory Net
InventoryNet
195000 usd
CY2024Q2 adn Change In Provision For Slow Moving Inventory Balance At Beginning
ChangeInProvisionForSlowMovingInventoryBalanceAtBeginning
-5175000 usd
CY2023Q2 adn Change In Provision For Slow Moving Inventory Balance At Beginning
ChangeInProvisionForSlowMovingInventoryBalanceAtBeginning
-46000 usd
CY2023Q4 adn Change In Provision For Slow Moving Inventory Balance At Beginning
ChangeInProvisionForSlowMovingInventoryBalanceAtBeginning
-5018000 usd
CY2022Q4 adn Change In Provision For Slow Moving Inventory Balance At Beginning
ChangeInProvisionForSlowMovingInventoryBalanceAtBeginning
-45000 usd
CY2024Q3 adn Provision For Slow Moving Inventory Additions
ProvisionForSlowMovingInventoryAdditions
-11000 usd
CY2023Q3 adn Provision For Slow Moving Inventory Additions
ProvisionForSlowMovingInventoryAdditions
-449000 usd
adn Provision For Slow Moving Inventory Additions
ProvisionForSlowMovingInventoryAdditions
-250000 usd
adn Provision For Slow Moving Inventory Additions
ProvisionForSlowMovingInventoryAdditions
-449000 usd
CY2024Q3 adn Provision For Slow Moving Inventory Foreign Exchange Fluctuations
ProvisionForSlowMovingInventoryForeignExchangeFluctuations
-176000 usd
CY2023Q3 adn Provision For Slow Moving Inventory Foreign Exchange Fluctuations
ProvisionForSlowMovingInventoryForeignExchangeFluctuations
2000 usd
adn Provision For Slow Moving Inventory Foreign Exchange Fluctuations
ProvisionForSlowMovingInventoryForeignExchangeFluctuations
-94000 usd
adn Provision For Slow Moving Inventory Foreign Exchange Fluctuations
ProvisionForSlowMovingInventoryForeignExchangeFluctuations
1000 usd
CY2024Q3 adn Change In Provision For Slow Moving Inventory Balance At Beginning
ChangeInProvisionForSlowMovingInventoryBalanceAtBeginning
-5362000 usd
CY2023Q3 adn Change In Provision For Slow Moving Inventory Balance At Beginning
ChangeInProvisionForSlowMovingInventoryBalanceAtBeginning
-493000 usd
CY2024Q3 adn Change In Provision For Slow Moving Inventory Balance At Beginning
ChangeInProvisionForSlowMovingInventoryBalanceAtBeginning
-5362000 usd
CY2023Q3 adn Change In Provision For Slow Moving Inventory Balance At Beginning
ChangeInProvisionForSlowMovingInventoryBalanceAtBeginning
-493000 usd
adn Schedule Of Prepaid Expenses
ScheduleOfPrepaidExpenses
<table cellpadding="0" cellspacing="0" id="xdx_89E_ecustom--ScheduleOfPrepaidExpenses_pn3n3_z7hINl8zfdK4" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Prepaid expenses and other current assets (Details)"> <tr style="vertical-align: bottom; background-color: White"> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; text-align: left"><span id="xdx_8B9_zluhiQncXHRk" style="display: none">Schedule of prepaid expenses</span></td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_49B_20240930_zcL9i1FCaZD" style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_499_20231231_z6Wo7hBfGgkb" style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1pt; vertical-align: bottom; text-align: left"> </td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center"> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>September 30,<br/> 2024</b></p></td> <td style="padding-bottom: 1pt"> </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"> <p style="margin-top: 0; margin-bottom: 0">December 31,</p> <p style="margin-top: 0; margin-bottom: 0">2023</p></td> <td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; vertical-align: bottom; text-align: left"><span style="font-style: normal; font-weight: normal">(Amounts in thousands)</span></td> <td style="font-weight: bold; padding-bottom: 1pt"><span style="font-style: normal; font-weight: normal"> </span></td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><span style="font-style: normal; font-weight: normal">(Unaudited)</span></td> <td style="padding-bottom: 1pt; font-weight: bold"><span style="font-style: normal; font-weight: normal"> </span></td> <td style="font-weight: bold; padding-bottom: 1pt"><span style="font-style: normal; font-weight: normal"> </span></td> <td colspan="2" style="padding-bottom: 1pt; font-weight: bold; text-align: center"><span style="font-style: normal; font-weight: normal"> </span></td> <td style="padding-bottom: 1pt; font-weight: bold"><span style="font-style: normal; font-weight: normal"> </span></td></tr> <tr id="xdx_401_eus-gaap--PrepaidInsurance_iI_pn3n3_maPECzPl6_zcbWneI6rpVl" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; width: 76%; text-align: left">Prepaid insurance expenses</td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td> <td style="width: 9%; text-align: right">410</td> <td style="width: 1%; text-align: left"> </td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td> <td style="width: 9%; text-align: right">155</td> <td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_405_ecustom--PrepaidResearch_iI_pn3n3_maPECzPl6_zemHijDmsMJ7" style="vertical-align: bottom; background-color: White"> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; text-align: left">Prepaid research expenses</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">13</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">36</td> <td style="text-align: left"> </td></tr> <tr id="xdx_400_eus-gaap--OtherPrepaidExpenseCurrent_iI_pn3n3_maPECzPl6_ztyuCbFZikZa" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; text-align: left; padding-bottom: 1pt">Other prepaid expenses</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">125</td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">27</td> <td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40F_eus-gaap--PrepaidExpenseCurrent_iTI_pn3n3_mtPECzPl6_zyEUPmiqjjt3" style="vertical-align: bottom; background-color: White"> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; font-weight: bold; text-align: left; padding-bottom: 2.5pt">Total</td> <td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">548</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 style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">218</td> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td></tr> </table>
CY2024Q3 us-gaap Prepaid Insurance
PrepaidInsurance
410000 usd
CY2023Q4 us-gaap Prepaid Insurance
PrepaidInsurance
155000 usd
CY2024Q3 adn Prepaid Research
PrepaidResearch
13000 usd
CY2023Q4 adn Prepaid Research
PrepaidResearch
36000 usd
CY2024Q3 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
125000 usd
CY2023Q4 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
27000 usd
CY2024Q3 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
548000 usd
CY2023Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
218000 usd
CY2024Q3 us-gaap Value Added Tax Receivable
ValueAddedTaxReceivable
56000 usd
CY2023Q4 us-gaap Value Added Tax Receivable
ValueAddedTaxReceivable
267000 usd
CY2024Q3 us-gaap Grants Receivable
GrantsReceivable
185000 usd
CY2023Q4 us-gaap Grants Receivable
GrantsReceivable
181000 usd
CY2023Q4 adn Purchases Under Receipt
PurchasesUnderReceipt
1000 usd
CY2024Q3 us-gaap Other Receivables Gross Current
OtherReceivablesGrossCurrent
72000 usd
CY2023Q4 us-gaap Other Receivables Gross Current
OtherReceivablesGrossCurrent
91000 usd
CY2023Q4 adn Accrued Sublease Income
AccruedSubleaseIncome
80000 usd
CY2024Q3 us-gaap Other Assets Current
OtherAssetsCurrent
313000 usd
CY2023Q4 us-gaap Other Assets Current
OtherAssetsCurrent
620000 usd
CY2024Q3 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
237000 usd
CY2024Q3 adn Intangible Assets Gross Excluding Goodwill Accumulated Amortization
IntangibleAssetsGrossExcludingGoodwillAccumulatedAmortization
-160000 usd
CY2024Q3 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
77000 usd
CY2023 us-gaap Indefinitelived Intangible Assets Acquired
IndefinitelivedIntangibleAssetsAcquired
406000 usd
CY2023 adn Impairment Of Intangible Asset Indefinitelived Excluding Goodwill
ImpairmentOfIntangibleAssetIndefinitelivedExcludingGoodwill
-406000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
24332000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
-4684000 usd
CY2023Q4 adn Cumulative Impairment
CumulativeImpairment
-19569000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
79000 usd
CY2023Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
24738000 usd
CY2023Q4 adn Intangible Assets Gross Excluding Goodwill Accumulated Amortization
IntangibleAssetsGrossExcludingGoodwillAccumulatedAmortization
-4684000 usd
CY2023Q4 adn Cumulative Impairment On Intangible Assets
CumulativeImpairmentOnIntangibleAssets
-19975000 usd
CY2023Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
79000 usd
CY2024Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
9101000 usd
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
26131000 usd
CY2024Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1407000 usd
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
3661000 usd
CY2024Q3 adn Less Cumulative Impairment
LessCumulativeImpairment
-2384000 usd
CY2023Q4 adn Less Cumulative Impairment
LessCumulativeImpairment
-2384000 usd
CY2024Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
5310000 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
20086000 usd
CY2024Q3 us-gaap Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
0 usd
us-gaap Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
28000 usd
CY2023Q3 us-gaap Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
5100000 usd
us-gaap Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
9000000.0 usd
us-gaap Proceeds From Sale Of Other Property Plant And Equipment
ProceedsFromSaleOfOtherPropertyPlantAndEquipment
900000 usd
us-gaap Gain Loss On Sale Of Other Assets
GainLossOnSaleOfOtherAssets
12700000 usd
CY2024Q2 adn Sell Of Property Plant And Equipment Description
SellOfPropertyPlantAndEquipmentDescription
On May 7, 2024, the Company entered into an agreement to sell some of its coating machines (part of its property, plant and equipment) from the Hood Park facility for $0.9 million resulting in a loss of $2.5 million. On May 8, 2024, the Company received an initial deposit of $0.3 million and the remaining $0.6 million in July 2024. The remaining machinery and equipment from Hood Park were relocated and is planned for use at the Company’s other locations.
CY2024Q3 us-gaap Depreciation
Depreciation
200000 usd
CY2023Q3 us-gaap Depreciation
Depreciation
900000 usd
us-gaap Depreciation
Depreciation
1157000 usd
us-gaap Depreciation
Depreciation
1596000 usd
CY2024Q3 us-gaap Accounts Payable Current
AccountsPayableCurrent
16420000 usd
CY2023Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
3996000 usd
CY2024Q3 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
11600000 usd
CY2024Q3 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
563000 usd
CY2023Q4 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
653000 usd
CY2024Q3 adn Other Short Term Payables Current
OtherShortTermPayablesCurrent
802000 usd
CY2023Q4 adn Other Short Term Payables Current
OtherShortTermPayablesCurrent
44000 usd
CY2024Q3 us-gaap Taxes Payable Current
TaxesPayableCurrent
299000 usd
CY2023Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
255000 usd
CY2024Q3 us-gaap Accrued Vacation Current
AccruedVacationCurrent
4000 usd
CY2023Q4 us-gaap Accrued Vacation Current
AccruedVacationCurrent
4000 usd
CY2024Q3 adn Other Current Liabilities Social Security Funds
OtherCurrentLiabilitiesSocialSecurityFunds
108000 usd
CY2023Q4 adn Other Current Liabilities Social Security Funds
OtherCurrentLiabilitiesSocialSecurityFunds
70000 usd
CY2024Q3 adn Other Current Liabilities Overtime Provision
OtherCurrentLiabilitiesOvertimeProvision
9000 usd
CY2023Q4 adn Other Current Liabilities Overtime Provision
OtherCurrentLiabilitiesOvertimeProvision
9000 usd
CY2024Q3 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
1785000 usd
CY2023Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
1035000 usd
CY2024Q3 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
243000 usd
CY2023Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
219000 usd
CY2024Q3 us-gaap Accrued Payroll Taxes Current
AccruedPayrollTaxesCurrent
39000 usd
CY2023Q4 us-gaap Accrued Payroll Taxes Current
AccruedPayrollTaxesCurrent
139000 usd
CY2024Q3 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
281000 usd
CY2023Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
295000 usd
CY2024Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
563000 usd
CY2023Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
653000 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
CY2023Q1 us-gaap Area Of Real Estate Property
AreaOfRealEstateProperty
6041
CY2023Q1 us-gaap Capital Lease Obligations
CapitalLeaseObligations
600000 usd
CY2024Q3 us-gaap Rental Income Nonoperating
RentalIncomeNonoperating
0 usd
CY2023Q3 us-gaap Rental Income Nonoperating
RentalIncomeNonoperating
100000 usd
us-gaap Rental Income Nonoperating
RentalIncomeNonoperating
100000 usd
us-gaap Rental Income Nonoperating
RentalIncomeNonoperating
100000 usd
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
CY2024Q3 adn Rental Expense
RentalExpense
0 usd
CY2023Q3 adn Rental Expense
RentalExpense
300000 usd
CY2024Q3 us-gaap Short Term Lease Cost
ShortTermLeaseCost
0 usd
CY2023Q3 us-gaap Short Term Lease Cost
ShortTermLeaseCost
300000 usd
adn Rental Expense
RentalExpense
4700000 usd
adn Rental Expense
RentalExpense
1700000 usd
us-gaap Short Term Lease Cost
ShortTermLeaseCost
10000.00 usd
us-gaap Short Term Lease Cost
ShortTermLeaseCost
400000 usd
CY2024Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
279000 usd
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
3157000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
35000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
140000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
107000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
4000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
286000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
16000 usd
CY2024Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
270000 usd
CY2024Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
111000 usd
CY2024Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
159000 usd
CY2024Q3 adn Number Of Shares Authorized
NumberOfSharesAuthorized
501000000 shares
CY2024Q3 adn Common Stock Shares Designated
CommonStockSharesDesignated
500000000 shares
CY2024Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2024Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1000000 shares
CY2024Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2024Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
2636508 shares
CY2023Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
2580159 shares
CY2024Q3 adn Number Of Shares Authorized
NumberOfSharesAuthorized
501000000 shares
CY2024Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
128000 usd
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
112000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3520000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
222000 usd
CY2024Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
128000 usd
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
112000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3520000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
222000 usd
CY2024Q3 us-gaap Contract With Customer Asset Gross Current
ContractWithCustomerAssetGrossCurrent
0 usd
CY2023Q4 us-gaap Contract With Customer Asset Gross Current
ContractWithCustomerAssetGrossCurrent
9000 usd
CY2024Q3 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
1200000 usd
CY2023Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
400000 usd
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
100000 usd
CY2024Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-0 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-55000 usd
CY2023Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-81000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-204000 usd
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 integer
CY2024Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
128000 usd
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
112000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3520000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
222000 usd
CY2024Q3 adn Accrued Interest Expense
AccruedInterestExpense
300000 usd
CY2024Q3 us-gaap Loss Contingency Accrual Product Liability Net
LossContingencyAccrualProductLiabilityNet
5200000 usd
CY2024Q3 us-gaap Guarantee Obligations Current Carrying Value
GuaranteeObligationsCurrentCarryingValue
0 usd
CY2023Q4 adn Contractual Obligation Minimum Quantity
ContractualObligationMinimumQuantity
21000
CY2024Q3 adn Contractual Obligation Minimum Quantity Pieces
ContractualObligationMinimumQuantityPieces
318400 integer
CY2023Q2 adn Contractual Obligation Minimum Quantity Pieces
ContractualObligationMinimumQuantityPieces
75400 integer
CY2024Q3 adn Contractual Obligation Quantity Pieces Year One
ContractualObligationQuantityPiecesYearOne
57600000 integer
CY2024Q3 adn Contractual Obligation Quantity Year One
ContractualObligationQuantityYearOne
6174000
CY2024Q3 us-gaap Contractual Obligation Due In Second Year
ContractualObligationDueInSecondYear
2304000 usd
CY2024Q3 adn Contractual Obligation Quantity Year Two
ContractualObligationQuantityYearTwo
8000000
CY2024Q3 us-gaap Contractual Obligation Due In Third Year
ContractualObligationDueInThirdYear
2150000 usd
CY2024Q3 adn Contractual Obligation Quantity Pieces
ContractualObligationQuantityPieces
57600000 integer
CY2024Q3 adn Contractual Obligation Quantity
ContractualObligationQuantity
14174000
CY2024Q3 us-gaap Contractual Obligation
ContractualObligation
4454000 usd
CY2024Q3 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-9615000 usd
CY2023Q3 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-9891000 usd
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-29244000 usd
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-26530000 usd
CY2024Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
-8907000 usd
CY2023Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
-1955000 usd
us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
-9907000 usd
us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
-19135000 usd
CY2024Q3 us-gaap Net Income Loss
NetIncomeLoss
-18522000 usd
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
-11846000 usd
us-gaap Net Income Loss
NetIncomeLoss
-39151000 usd
us-gaap Net Income Loss
NetIncomeLoss
-45665000 usd
CY2024Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
2636508 shares
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
2012382 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
2618601 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1843154 shares
CY2024Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
2636508 shares
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
2012382 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
2618601 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1843154 shares
CY2024Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-3.65
CY2023Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-4.92
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-11.17
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-14.39
CY2024Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
-3.38
CY2023Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
-0.97
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
-3.78
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
-10.38
CY2024Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-7.03
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-5.89
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-14.95
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-24.78
CY2024Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-3.65
CY2023Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-4.92
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-11.17
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-14.39
CY2024Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
-3.38
CY2023Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
-0.97
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
-3.78
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
-10.38
CY2024Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-7.03
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-5.89
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-14.95
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-24.78
CY2024Q2 us-gaap Stockholders Equity
StockholdersEquity
-2879000 usd
ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

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