2022 Q4 Form 10-Q Financial Statement

#000121390022072173 Filed on November 14, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3 2021 Q3
Revenue $185.6K $323.1K $0.00
YoY Change 76.71%
Cost Of Revenue $170.2K $233.7K
YoY Change 118.22%
Gross Profit $15.43K $89.44K
YoY Change -42.96%
Gross Profit Margin 8.31% 27.68%
Selling, General & Admin $5.134M $3.911M $4.602M
YoY Change -77.0% -15.01% 87.06%
% of Gross Profit 33274.34% 4372.79%
Research & Development $3.081M $1.571M $1.472M
YoY Change 81.0% 6.73% 407.43%
% of Gross Profit 19969.15% 1755.95%
Depreciation & Amortization $159.0K $126.7K $126.8K
YoY Change 22.51% -0.07%
% of Gross Profit 1030.72% 141.7%
Operating Expenses $8.215M $5.482M $6.073M
YoY Change -65.8% -9.74% 121.65%
Operating Profit -$8.200M -$5.392M -$6.073M
YoY Change -65.82% -11.21%
Interest Expense $16.88K -$2.165M -$1.187M
YoY Change -128.71% 82.49%
% of Operating Profit
Other Income/Expense, Net $0.00 -$2.165M -$3.688M
YoY Change -41.28%
Pretax Income -$8.183M -$7.558M -$9.761M
YoY Change -65.98% -22.57% 256.23%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$8.183M -$7.558M -$9.761M
YoY Change -65.98% -22.57% 256.23%
Net Earnings / Revenue -4409.04% -2338.9%
Basic Earnings Per Share -$5.27 -$28.08
Diluted Earnings Per Share -$1.96 -$5.27 -$561.6K
COMMON SHARES
Basic Shares Outstanding 4.161M shares 56.85M shares 347.6K shares
Diluted Shares Outstanding 1.433M shares 347.6K shares

Balance Sheet

Concept 2022 Q4 2022 Q3 2021 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.769M $9.245M $5.469M
YoY Change -64.83% 69.03% -60.14%
Cash & Equivalents $2.769M $9.245M $5.469M
Short-Term Investments
Other Short-Term Assets $496.9K $689.4K $416.1K
YoY Change 7.99% 65.7% -25.7%
Inventory $950.1K $1.442M
Prepaid Expenses $496.9K $689.4K
Receivables $528.0K $662.8K
Other Receivables $0.00 $585.4K
Total Short-Term Assets $4.744M $12.62M $12.39M
YoY Change -49.63% 1.93% -13.27%
LONG-TERM ASSETS
Property, Plant & Equipment $2.319M $2.249M $6.222M
YoY Change 2.27% -63.86% 504.12%
Goodwill
YoY Change
Intangibles $107.0K
YoY Change
Long-Term Investments $355.4K $398.1K $315.7K
YoY Change -6.3% 26.12% 426.1%
Other Assets $347.6K $422.1K
YoY Change -17.66%
Total Long-Term Assets $5.992M $6.555M $7.201M
YoY Change -17.32% -8.97% 560.66%
TOTAL ASSETS
Total Short-Term Assets $4.744M $12.62M $12.39M
Total Long-Term Assets $5.992M $6.555M $7.201M
Total Assets $10.74M $19.18M $19.59M
YoY Change -35.58% -2.08% 27.43%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.959M $2.712M $1.656M
YoY Change 24.31% 63.77% 294.28%
Accrued Expenses $1.087M $1.123M $1.020M
YoY Change -5.11% 10.13% 208.97%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $80.00K $0.00
YoY Change
Long-Term Debt Due $410.0K $246.7K $744.3K
YoY Change -41.47% -66.85%
Total Short-Term Liabilities $3.644M $4.373M $3.601M
YoY Change 1.01% 21.45% 373.79%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $246.7K
YoY Change -100.0% -100.0%
Other Long-Term Liabilities $1.885M $2.112M $2.767M
YoY Change -31.84% -23.65% 218.02%
Total Long-Term Liabilities $1.885M $2.112M $3.014M
YoY Change -34.45% -29.9% 246.38%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.644M $4.373M $3.601M
Total Long-Term Liabilities $1.885M $2.112M $3.014M
Total Liabilities $5.529M $6.485M $6.614M
YoY Change -14.72% -1.95% 308.29%
SHAREHOLDERS EQUITY
Retained Earnings -$95.04M -$86.83M
YoY Change 41.11%
Common Stock $4.307K $3.731K
YoY Change -90.33%
Preferred Stock
YoY Change
Treasury Stock (at cost) $201.6K $201.6K
YoY Change 0.0%
Treasury Stock Shares 2.017K shares 2.017K shares
Shareholders Equity $5.206M $12.69M $12.97M
YoY Change
Total Liabilities & Shareholders Equity $10.74M $19.18M $19.59M
YoY Change -35.58% -2.08% 27.43%

Cashflow Statement

Concept 2022 Q4 2022 Q3 2021 Q3
OPERATING ACTIVITIES
Net Income -$8.183M -$7.558M -$9.761M
YoY Change -65.98% -22.57% 256.23%
Depreciation, Depletion And Amortization $159.0K $126.7K $126.8K
YoY Change 22.51% -0.07%
Cash From Operating Activities -$6.720M -$7.818M -$4.526M
YoY Change -22.68% 72.75% 23.66%
INVESTING ACTIVITIES
Capital Expenditures $88.82K -$4.190K -$182.3K
YoY Change -177.19% -97.7% 13.91%
Acquisitions
YoY Change
Other Investing Activities $268.5K $91.62K -$6.860M
YoY Change -103.21% -101.34%
Cash From Investing Activities $179.7K $87.44K -$7.042M
YoY Change -102.12% -101.24% 4301.24%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $10.12M
YoY Change -45.36%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 64.01K 16.17M 8.427M
YoY Change -99.67% 91.9% -51.84%
NET CHANGE
Cash From Operating Activities -6.720M -7.818M -4.526M
Cash From Investing Activities 179.7K 87.44K -7.042M
Cash From Financing Activities 64.01K 16.17M 8.427M
Net Change In Cash -6.476M 8.441M -3.141M
YoY Change -369.55% -368.76% -122.96%
FREE CASH FLOW
Cash From Operating Activities -$6.720M -$7.818M -$4.526M
Capital Expenditures $88.82K -$4.190K -$182.3K
Free Cash Flow -$6.809M -$7.814M -$4.344M
YoY Change -20.61% 79.9% 24.1%

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EntityFileNumber
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us-gaap Net Cash Provided By Used In Operating Activities
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CY2021Q1 us-gaap Adjustments To Additional Paid In Capital Warrant Issued
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CY2021Q1 us-gaap Net Income Loss
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CY2021Q1 us-gaap Stockholders Equity
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CY2021Q2 us-gaap Stock Issued During Period Value Issued For Services
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CY2021Q2 adtx Stock Issued During Period Value Issuance Of Shares For Compensation
StockIssuedDuringPeriodValueIssuanceOfSharesForCompensation
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CY2021Q2 adtx Stock Issued During Period Value Stock Option And Warrant Compensation
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CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
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CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
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CY2021Q3 adtx Stock Issued During Period Value Stock Option And Warrant Compensation
StockIssuedDuringPeriodValueStockOptionAndWarrantCompensation
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CY2021Q3 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
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CY2021Q3 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
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CY2021Q3 adtx Stock Issued During Period Value Issuance Of Shares For Vested Restricted Stock Units
StockIssuedDuringPeriodValueIssuanceOfSharesForVestedRestrictedStockUnits
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CY2021Q3 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
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CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
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CY2021Q3 us-gaap Stockholders Equity
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us-gaap Net Income Loss
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us-gaap Net Income Loss
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us-gaap Share Based Compensation
ShareBasedCompensation
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us-gaap Share Based Compensation
ShareBasedCompensation
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us-gaap Depreciation
Depreciation
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us-gaap Depreciation
Depreciation
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us-gaap Amortization Of Intangible Assets
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us-gaap Amortization Of Intangible Assets
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us-gaap Increase Decrease In Accounts Receivable
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us-gaap Increase Decrease In Accounts Receivable
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us-gaap Increase Decrease In Prepaid Expense
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us-gaap Increase Decrease In Prepaid Expense
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us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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us-gaap Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
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us-gaap Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
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TIAllowanceReceivable
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adtx Ti Allowance Receivable
TIAllowanceReceivable
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us-gaap Payments To Acquire Investments
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adtx Note Receivables And Accrued Interest
NoteReceivablesAndAccruedInterest
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adtx Note Receivables And Accrued Interest
NoteReceivablesAndAccruedInterest
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Proceeds From Notes Payable
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us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
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adtx Discount On Convertible Note Payable From Offering Costs
DiscountOnConvertibleNotePayableFromOfferingCosts
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adtx Discount On Convertible Note Payable From Offering Costs
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us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
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us-gaap Repayments Of Notes Payable
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us-gaap Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
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us-gaap Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
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us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
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us-gaap Proceeds From Issuance Of Common Limited Partners Units
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us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
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us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
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adtx Cash Paid On Extinguishment Of Note Payable
CashPaidOnExtinguishmentOfNotePayable
1200000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
10500826 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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us-gaap Interest Expense
InterestExpense
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us-gaap Interest Expense
InterestExpense
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us-gaap Stock Issued1
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adtx Lease Liability Recognized From Right Of Use Assets
LeaseLiabilityRecognizedFromRightOfUseAssets
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adtx Original Issuance Discount On Notes Payable
OriginalIssuanceDiscountOnNotesPayable
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adtx Debt Discount From Warrants Issued With Convertible Note Payable
DebtDiscountFromWarrantsIssuedWithConvertibleNotePayable
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adtx Debt Discount From Warrants Issued With Convertible Note Payable
DebtDiscountFromWarrantsIssuedWithConvertibleNotePayable
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adtx Debt Discount From Warrant Consideration For Convertible Debt Offering Costs
DebtDiscountFromWarrantConsiderationForConvertibleDebtOfferingCosts
231316 usd
adtx Debt Discount From Shares Issued As Inducement For Convertible Note Payable
DebtDiscountFromSharesIssuedAsInducementForConvertibleNotePayable
174522 usd
adtx Liability Recognized For Financed Assets
LiabilityRecognizedForFinancedAssets
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adtx Reduction In Exercise Price Of Warrants
ReductionInExercisePriceOfWarrants
102267 usd
us-gaap Debt Issuance Costs Incurred During Noncash Or Partial Noncash Transaction
DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction
96030 usd
adtx Redemption Of Preferred Shares To Related Party
RedemptionOfPreferredSharesToRelatedParty
20000 usd
us-gaap Noncash Or Part Noncash Acquisition Net Nonmonetary Assets Acquired Liabilities Assumed1
NoncashOrPartNoncashAcquisitionNetNonmonetaryAssetsAcquiredLiabilitiesAssumed1
8619 usd
CY2021Q4 us-gaap Other Underwriting Expense
OtherUnderwritingExpense
3910000 usd
CY2021Q3 us-gaap Common Unit Issued
CommonUnitIssued
91667 shares
CY2021Q3 adtx Exercise Price Per Shares
ExercisePricePerShares
150
CY2021Q4 us-gaap Common Unit Issued
CommonUnitIssued
56667 shares
CY2021Q4 adtx Exercise Price Per Shares
ExercisePricePerShares
75
CY2021Q4 us-gaap Demutualization By Insurance Entity Securities Issued Gross Cash Proceeds
DemutualizationByInsuranceEntitySecuritiesIssuedGrossCashProceeds
4250000 usd
CY2021Q3 adtx Purchase Price Per Share
PurchasePricePerShare
120
CY2021Q3 us-gaap Demutualization By Insurance Entity Securities Issued Gross Cash Proceeds
DemutualizationByInsuranceEntitySecuritiesIssuedGrossCashProceeds
11000000 usd
CY2021Q3 us-gaap Debt Conversion Converted Instrument Warrants Or Options Issued1
DebtConversionConvertedInstrumentWarrantsOrOptionsIssued1
91667 shares
CY2021Q3 adtx Debt Instrument Term Description
DebtInstrumentTermDescription
The warrants have an exercise price of $126.50 per share and are exercisable for a five-year period commencing six months from the date of issuance.
CY2021Q3 adtx Warrants Exercise Price
WarrantsExercisePrice
75
CY2021Q3 adtx Purchase Of Common Stock
PurchaseOfCommonStock
4584 shares
CY2021Q4 adtx Net Proceeds
NetProceeds
16000000 usd
CY2021Q4 us-gaap Common Unit Issued
CommonUnitIssued
164929 shares
CY2021Q4 adtx Prefunded Warrants Shares
PrefundedWarrantsShares
166572 shares
CY2021Q4 adtx Warrants Exercise Price
WarrantsExercisePrice
57.5
CY2022Q3 adtx Net Proceeds
NetProceeds
18100000 usd
CY2022Q3 us-gaap Common Unit Issued
CommonUnitIssued
1224333 shares
CY2022Q3 adtx Prefunded Warrants Shares
PrefundedWarrantsShares
2109000 shares
CY2022Q3 adtx Purchase Of Common Stock
PurchaseOfCommonStock
3333333 shares
CY2022Q3 adtx Warrants Exercise Price
WarrantsExercisePrice
6
CY2022Q3 adtx Pre Funded Warrants Exercise Price Per Share
PreFundedWarrantsExercisePricePerShare
0.001
adtx Net Loss Cash Flow From Operating Activities
NetLossCashFlowFromOperatingActivities
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us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
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CY2022Q3 us-gaap Cash
Cash
9244876 usd
CY2022Q3 us-gaap Customer Funds
CustomerFunds
67300000 usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
75000000 usd
CY2021Q4 us-gaap Allowance For Doubtful Accounts Premiums And Other Receivables
AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables
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us-gaap Use Of Estimates
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>Use of Estimates</i></b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The preparation of condensed 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 at the date of the condensed financial statements and the reported amounts of revenue and expense during the reporting period. Actual results could differ from those estimates. Significant estimates underlying the condensed financial statements include the collectability of notes receivable, collectability and reserve on accounts receivable, the reserve on insurance billing, and the fair value of stock options and warrants.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>Concentrations of Credit Risk</i></b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company maintains its cash accounts at financial institutions which are insured by the Federal Deposit Insurance Corporation. At times, the Company may have deposits in excess of federally insured limits.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
CY2022Q3 us-gaap Allowance For Doubtful Accounts Premiums And Other Receivables
AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables
49233 usd
adtx Licensing Fee For Patents
LicensingFeeForPatents
256589 usd
adtx Licensing Fee For Patents
LicensingFeeForPatents
76245 usd
us-gaap Other Research And Development Expense
OtherResearchAndDevelopmentExpense
4186842 usd
us-gaap Other Research And Development Expense
OtherResearchAndDevelopmentExpense
3340247 usd
adtx Warrants Of Stock Options
WarrantsOfStockOptions
44712 shares
us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
10556 shares
adtx Dilutive Earning Shares
DilutiveEarningShares
5522224 shares
adtx Warrants Of Stock Options
WarrantsOfStockOptions
42860 shares
adtx Dilutive Earning Shares
DilutiveEarningShares
28576 shares
CY2021Q3 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
205280 shares
CY2021Q3 us-gaap Other Loans Payable
OtherLoansPayable
6500000 usd
CY2021Q3 adtx Common Stock Yields Percentage
CommonStockYieldsPercentage
0.50 pure
CY2021Q4 adtx Description Of Share Exchange Agreement
DescriptionOfShareExchangeAgreement
On December 28, 2021, we entered into a Share Exchange Agreement with Cellvera Global f/k/a AiPharma Global, pursuant to which we (i) will acquire 9.5% of the issued and outstanding equity interests in Cellvera Global in exchange for the issuance of 96,324 shares of our common stock of Aditxt and a cash payment of $250,000, at an initial closing upon the satisfaction or waiver of certain conditions to closing; and (ii) acquire the remaining 90.5% of the issued and outstanding equity interests in Cellvera Global in exchange for the issuance of 798,560 shares of our common stock and a cash payment of $250,000 at a secondary closing upon the satisfaction or waiver of certain conditions to closing.
CY2021Q3 us-gaap Principal Amount Outstanding On Loans Securitized
PrincipalAmountOutstandingOnLoansSecuritized
6500000 usd
CY2021Q4 us-gaap Investment Interest Rate
InvestmentInterestRate
0.08 pure
CY2021Q4 adtx Credit Agreement Amendment Description
CreditAgreementAmendmentDescription
On October 18, 2021, the Company entered into the first amendment to the Credit Agreement with Cellvera Global and certain affiliated entities (the “Credit Agreement Amendment”), pursuant to which the Company agreed to increase the amount which Cellvera Global was permitted to borrow under the Credit Agreement by $8.5 million to an aggregate of $15.0 million, of which $6.5 million was outstanding prior to entering the Credit Agreement Amendment. The Company agreed to fund such additional borrowings, as requested by Cellvera Global, by advancing 70% of any amounts received by the Company from the exercise of existing warrants or any other capital raises, including the October Offering.
CY2021 adtx Advanced Credit Agreement
AdvancedCreditAgreement
8000000 usd
CY2021 adtx Credit Agreement
CreditAgreement
14500000 usd
CY2021Q4 us-gaap Loans Receivable With Variable Rates Of Interest1
LoansReceivableWithVariableRatesOfInterest1
14500000 usd
CY2022Q1 us-gaap Loans Payable
LoansPayable
14500000 usd
CY2022Q2 adtx Aggregate Amounts
AggregateAmounts
30000000 usd
CY2021Q4 adtx Credit Agreement Description
CreditAgreementDescription
the Company entered into a secured credit agreement dated December 10, 2021 (the “Target Company Credit Agreement”) and signed on December 10, 2021 with the Target Company, pursuant to which the Company made a secured loan to the Target Company in the principal amount of $500,000 (the “Target Company Loan”) and agreed to make additional secured loans, as requested by the Target Company and approved by the Company, in an amount not to exceed $4.5 million. The Target Company Loan bears interest at a rate of 8% per annum and mature on December 8, 2022, provided, that the Letter of Intent currently contemplates that the Target Company Loan will be forgivable upon the closing of the acquisition contemplated by the letter of intent. The Target Company Credit Agreement also contains certain covenants that prohibit the Target Company from incurring additional indebtedness, entering into any fundamental transactions, issuing any equity interests subject to certain limited exceptions, or making any dispositions of its property. In connection with the Target Company Credit Agreement, the Company entered into a Security Agreement with the Target Company, pursuant to which the Target Company granted the Company a security interest in all of the Target Company’s assets as security for the Target Company Loan.
CY2022Q3 us-gaap Investment Owned Balance Principal Amount
InvestmentOwnedBalancePrincipalAmount
500000 usd
CY2022Q3 us-gaap Loans Receivable With Fixed Rates Of Interest1
LoansReceivableWithFixedRatesOfInterest1
32438 usd
CY2022Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
2932563 usd
CY2022Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
683695 usd
CY2022Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2248868 usd
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
2654307 usd
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
387010 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2267297 usd
CY2022Q3 us-gaap Depreciation Nonproduction
DepreciationNonproduction
99980 usd
CY2021Q3 us-gaap Depreciation Nonproduction
DepreciationNonproduction
99857 usd
us-gaap Depreciation Nonproduction
DepreciationNonproduction
296684 usd
us-gaap Depreciation Nonproduction
DepreciationNonproduction
266385 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
321000 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
187250 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
133750 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
321000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
107000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
214000 usd
CY2022Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
26750 usd
CY2021Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
26970 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
80250 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
80030 usd
CY2022Q1 us-gaap Stock Issued During Period Shares Restricted Stock Award Gross
StockIssuedDuringPeriodSharesRestrictedStockAwardGross
9600 shares
CY2022Q3 us-gaap Sale Of Stock Price Per Share
SaleOfStockPricePerShare
0.001
CY2022Q3 us-gaap Sale Of Stock Consideration Received On Transaction
SaleOfStockConsiderationReceivedOnTransaction
20000 usd
CY2022Q3 adtx Preferred Stock Votes
PreferredStockVotes
250000000 shares
adtx Consideration Cash
ConsiderationCash
20000 usd
CY2022Q3 us-gaap Due To Officers Or Stockholders Current And Noncurrent
DueToOfficersOrStockholdersCurrentAndNoncurrent
80000 usd
CY2022Q3 us-gaap Debt Instrument Interest Rate Effective Percentage
DebtInstrumentInterestRateEffectivePercentage
0.0475 pure
CY2022Q2 adtx Aggregates Amount
AggregatesAmount
792000 usd
CY2022Q2 adtx Gross Proceeds
GrossProceeds
550000 usd
CY2022Q2 us-gaap Fee Income On Acceptances Executed
FeeIncomeOnAcceptancesExecuted
16500 usd
CY2022Q2 us-gaap Professional Fees
ProfessionalFees
13500 usd
CY2022Q2 adtx Installment Due Amount
InstallmentDueAmount
28000 usd
CY2022Q3 adtx Aggregates Amount
AggregatesAmount
288000 usd
CY2022Q3 adtx Gross Proceeds
GrossProceeds
200000 usd
CY2022Q3 us-gaap Professional Fees
ProfessionalFees
20000 usd
CY2022Q3 adtx Installment Due Amount
InstallmentDueAmount
14400 usd
CY2022Q3 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
26667 shares
CY2022Q3 us-gaap Supplemental Deferred Purchase Price
SupplementalDeferredPurchasePrice
1277778 usd
CY2022Q3 us-gaap Debt Instrument Redemption Price Percentage Of Principal Amount Redeemed
DebtInstrumentRedemptionPricePercentageOfPrincipalAmountRedeemed
0.10 pure
CY2022Q3 us-gaap Sales Commissions And Fees
SalesCommissionsAndFees
1150000 usd
CY2022Q3 us-gaap Common Stock Dividends Shares
CommonStockDividendsShares
25556 shares
CY2022Q3 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
108517 shares
CY2022Q3 us-gaap Supplemental Deferred Purchase Price
SupplementalDeferredPurchasePrice
555556 usd
CY2022Q3 adtx Gross Proceeds
GrossProceeds
500000 usd
CY2022Q3 us-gaap Common Stock Dividends Shares
CommonStockDividendsShares
11112 shares
CY2022Q3 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
47182 shares
CY2022Q3 us-gaap Accelerated Share Repurchases Initial Price Paid Per Share
AcceleratedShareRepurchasesInitialPricePaidPerShare
11.78
CY2022Q3 adtx Class Of Warrant Or Righst Date From Which Warrants Rights Exercisable
ClassOfWarrantOrRighstDateFromWhichWarrantsRightsExercisable
P5Y
CY2022Q3 adtx Standard Time
StandardTime
P5Y
CY2022Q3 us-gaap Warrant Exercise Price Decrease
WarrantExercisePriceDecrease
11.78
CY2022Q3 us-gaap Extinguishment Of Debt Gain Loss Per Share Net Of Tax
ExtinguishmentOfDebtGainLossPerShareNetOfTax
7.5
CY2022Q3 us-gaap Supplemental Deferred Purchase Price
SupplementalDeferredPurchasePrice
555555 usd
CY2022Q3 adtx Gross Proceeds
GrossProceeds
500000 usd
CY2022Q3 us-gaap Common Stock Dividends Shares
CommonStockDividendsShares
11112 shares
CY2022Q3 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
74074 shares
CY2022Q3 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
6
CY2022Q3 us-gaap Principal Transactions Revenue
PrincipalTransactionsRevenue
2388889 usd
CY2022Q3 us-gaap Payments To Acquire Receivables
PaymentsToAcquireReceivables
20000 usd
CY2022Q3 us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
238889 usd
CY2022Q3 us-gaap Income Tax Examination Interest Accrued
IncomeTaxExaminationInterestAccrued
119444 usd
us-gaap Operating Lease Expense
OperatingLeaseExpense
988381 usd
us-gaap Operating Lease Expense
OperatingLeaseExpense
515956 usd
us-gaap Lease Cost
LeaseCost
988381 usd
us-gaap Lease Cost
LeaseCost
515956 usd
CY2022Q3 adtx Right Of Use Assets Long Term
RightOfUseAssetsLongTerm
3426746 usd
CY2021Q4 adtx Right Of Use Assets Long Term
RightOfUseAssetsLongTerm
4097117 usd
adtx Total Right Of Use Asset
TotalRightOfUseAsset
3426746 usd
CY2021 adtx Total Right Of Use Asset
TotalRightOfUseAsset
4097117 usd
CY2022Q3 adtx Operating Lease Liabilities Short Term
OperatingLeaseLiabilitiesShortTerm
1122869 usd
CY2021Q4 adtx Operating Lease Liabilities Short Term
OperatingLeaseLiabilitiesShortTerm
1145126 usd
CY2022Q3 adtx Operating Lease Liabilities Long Term
OperatingLeaseLiabilitiesLongTerm
2112362 usd
CY2021Q4 adtx Operating Lease Liabilities Long Term
OperatingLeaseLiabilitiesLongTerm
2765933 usd
CY2022Q3 adtx Total Lease Liability
TotalLeaseLiability
3235231 usd
CY2021Q4 adtx Total Lease Liability
TotalLeaseLiability
3911059 usd
CY2022Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P1Y9M18D
CY2022Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.08 pure
CY2021Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
adtx Stock Based Compensation For Consulting Services
StockBasedCompensationForConsultingServices
253719 usd
adtx Stock Based Compensation For Consulting Services
StockBasedCompensationForConsultingServices
238264 usd
CY2021Q3 us-gaap Excess Stock Shares Issued
ExcessStockSharesIssued
23272 shares
us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
3718956 usd
adtx Stock Based Compensation
StockBasedCompensation
1443700 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
674265 usd
adtx Shares Of Common Stock
SharesOfCommonStock
96050 shares
adtx Shares Of Common Stock Offering
SharesOfCommonStockOffering
91667 shares
CY2022Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2022Q3 adtx Preferred Stock Votes
PreferredStockVotes
250000000 shares
us-gaap Dividends Preferred Stock Stock
DividendsPreferredStockStock
20000 usd
adtx Stock Based Compensation
StockBasedCompensation
2017 usd
CY2021Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Granted
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGranted
60000 shares
CY2021Q1 adtx Fair Market Value
FairMarketValue
1 pure
adtx Share Based Payment Remnaining Expenses
ShareBasedPaymentRemnainingExpenses
310887 usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Period1
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1
P0Y10M17D
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue
616781 usd
us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
556817 usd
adtx Other Research And Development
OtherResearchAndDevelopment
59964 usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Period Increase Decrease Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingPeriodIncreaseDecreaseWeightedAverageExercisePrice
200
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0 pure
us-gaap Other Selling General And Administrative Expense
OtherSellingGeneralAndAdministrativeExpense
105049 usd
us-gaap Other Selling And Marketing Expense
OtherSellingAndMarketingExpense
504699 usd
CY2021Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
163637
CY2022Q2 adtx Pursuant Agreement Description
PursuantAgreementDescription
Pursuant to the agreement, the Holder has agreed to exercise in cash 179,419 of its Series C Warrants at a reduced exercise price of $7.50 per Share (reduced from $57.50 per share), for gross proceeds to the Company of approximately $1.35 million. As an inducement to such exercise, the Company has agreed to reduce the exercise price of the Holder’s remaining Series C Warrants to purchase up to 49,153 Shares from $57.50 to $12.395 per share, which will be non-exercisable for a period of six months following the closing date. The modification of this exercise price resulted in an increase of $344,158 to the fair value of the Series C Warrants. This modification was an inducement on the transaction and as such was recoded to equity resulting in no net change to additional paid in capital. In addition, the Company issued to the Holder a new warrant to purchase up to 407,991 shares of the Company’s common stock at an exercise price of $12.395 per share, which will be non-exercisable for a period of six months following issuance date and have a term of five and one-half years.
adtx Vesting Expense
VestingExpense
993462 usd
adtx Vesting Expense
VestingExpense
674265 usd
adtx Other Research And Development
OtherResearchAndDevelopment
285558 usd
us-gaap Other Expenses
OtherExpenses
551684 usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Award Requisite Service Period1
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardRequisiteServicePeriod1
P0Y6M25D
adtx Total Granted
TotalGranted
11644 shares
CY2022Q3 adtx Shares Issued1
SharesIssued1
15513 shares
CY2022Q3 adtx Shares Issued1
sharesIssued1
15153 shares
adtx Sale Of Preferred Shares To Related Party
SaleOfPreferredSharesToRelatedParty
usd
us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
usd
CY2021Q4 adtx Stock Redemption Payable Related Party
StockRedemptionPayableRelatedParty
usd
CY2021Q4 us-gaap Notes Payable Current
NotesPayableCurrent
usd
CY2022Q3 adtx Financing Of Fixed Asset Long Term
FinancingOfFixedAssetLongTerm
usd
CY2021Q3 us-gaap Revenues
Revenues
usd
us-gaap Revenues
Revenues
usd
CY2021Q3 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
usd
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
usd
CY2021Q3 us-gaap Gross Profit
GrossProfit
usd
us-gaap Gross Profit
GrossProfit
usd
CY2022Q3 us-gaap Other Income
OtherIncome
usd
CY2021Q3 us-gaap Other Income
OtherIncome
usd
us-gaap Other Income
OtherIncome
usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
usd
CY2022Q3 adtx Stock Issued During Period Value Exercise Of Warrants
StockIssuedDuringPeriodValueExerciseOfWarrants
usd
CY2021Q3 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
usd
CY2021Q3 adtx Stockissued Duringperiod Down Round
StockissuedDuringperiodDownRound
usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
usd
us-gaap Increase Decrease In Deposits Outstanding
IncreaseDecreaseInDepositsOutstanding
usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
usd
us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
usd
us-gaap Proceeds From Repayments Of Secured Debt
ProceedsFromRepaymentsOfSecuredDebt
usd
adtx Debt Discount From Warrant Consideration For Convertible Debt Offering Costs
DebtDiscountFromWarrantConsiderationForConvertibleDebtOfferingCosts
usd
adtx Debt Discount From Shares Issued As Inducement For Convertible Note Payable
DebtDiscountFromSharesIssuedAsInducementForConvertibleNotePayable
usd
adtx Liability Recognized For Financed Assets
LiabilityRecognizedForFinancedAssets
usd
adtx Reduction In Exercise Price Of Warrants
ReductionInExercisePriceOfWarrants
usd
us-gaap Debt Issuance Costs Incurred During Noncash Or Partial Noncash Transaction
DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction
usd
adtx Redemption Of Preferred Shares To Related Party
RedemptionOfPreferredSharesToRelatedParty
usd
us-gaap Noncash Or Part Noncash Acquisition Net Nonmonetary Assets Acquired Liabilities Assumed1
NoncashOrPartNoncashAcquisitionNetNonmonetaryAssetsAcquiredLiabilitiesAssumed1
usd
dei Amendment Flag
AmendmentFlag
false
us-gaap Proceeds From Issuance Of Common Limited Partners Units
ProceedsFromIssuanceOfCommonLimitedPartnersUnits
usd
adtx Cash Paid On Extinguishment Of Note Payable
CashPaidOnExtinguishmentOfNotePayable
usd
us-gaap Income Taxes Paid
IncomeTaxesPaid
usd
us-gaap Income Taxes Paid
IncomeTaxesPaid
usd
us-gaap Stock Issued1
StockIssued1
usd
adtx Lease Liability Recognized From Right Of Use Assets
LeaseLiabilityRecognizedFromRightOfUseAssets
usd
adtx Original Issuance Discount On Notes Payable
OriginalIssuanceDiscountOnNotesPayable
usd
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Entity Central Index Key
EntityCentralIndexKey
0001726711

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