$AIFF
FIREFLY NEUROSCIENCE, INC.

2022 Q3 Form 10-Q Financial Statement

#000143774922020534 Filed on August 15, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022 Q1
Revenue $2.306M $4.317M $2.996M
YoY Change -46.36% -8.76% -12.4%
Cost Of Revenue $1.825M $3.388M $2.619M
YoY Change -45.05% -10.29% 9.15%
Gross Profit $481.6K $929.8K $376.1K
YoY Change -50.8% -2.74% -63.12%
Gross Profit Margin 20.88% 21.54% 12.55%
Selling, General & Admin $2.926M $3.240M $2.714M
YoY Change 192.37% 295.56% 299.02%
% of Gross Profit 607.58% 348.51% 721.77%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $719.9K $349.9K $363.3K
YoY Change 1205.39% 591.62% 6649.86%
% of Gross Profit 149.48% 37.63% 96.62%
Operating Expenses $2.926M $3.240M $2.714M
YoY Change 192.37% 295.56% 299.02%
Operating Profit -$4.738M -$1.724M -$2.773M
YoY Change 5522.44% -3294.13% -1131.35%
Interest Expense $20.44K $19.82K $19.32K
YoY Change 35.75% 30.16% 1224.13%
% of Operating Profit
Other Income/Expense, Net $3.188K $195.00 -$12.02K
YoY Change -128.31% -95.57% -452.97%
Pretax Income -$4.755M -$1.744M -$2.804M
YoY Change 4877.77% -4140.55% -1135.51%
Income Tax -$54.59K -$218.3K -$726.0K
% Of Pretax Income
Net Earnings -$4.701M -$1.525M -$2.078M
YoY Change 4820.62% -3634.63% -867.43%
Net Earnings / Revenue -203.81% -35.33% -69.38%
Basic Earnings Per Share -$0.26 -$0.09 -$0.12
Diluted Earnings Per Share -$0.26 -$0.09 -$0.12
COMMON SHARES
Basic Shares Outstanding 19.13M 17.38M 17.29M
Diluted Shares Outstanding 18.38M 17.38M 17.29M

Balance Sheet

Concept 2022 Q3 2022 Q2 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.522M $579.0K $2.999M
YoY Change -58.68% -62.23% -0.56%
Cash & Equivalents $1.522M $600.0K $2.999M
Short-Term Investments
Other Short-Term Assets $302.4K $298.2K $458.7K
YoY Change 5343.48% 3589.43% 331.57%
Inventory
Prepaid Expenses
Receivables $1.532M $3.583M $1.672M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $3.356M $4.460M $5.130M
YoY Change -50.98% 5.04% 19.08%
LONG-TERM ASSETS
Property, Plant & Equipment $305.7K $110.0K $103.6K
YoY Change 221.94% 51.71% 68.71%
Goodwill $5.331M $7.585M $7.585M
YoY Change 579.06% 866.28%
Intangibles $6.999M $7.349M $7.699M
YoY Change 399.2% 408.19%
Long-Term Investments
YoY Change
Other Assets $79.31K $77.10K $77.10K
YoY Change 1289.61% 1251.21%
Total Long-Term Assets $13.25M $15.70M $16.09M
YoY Change 414.93% 502.39% 3643.11%
TOTAL ASSETS
Total Short-Term Assets $3.356M $4.460M $5.130M
Total Long-Term Assets $13.25M $15.70M $16.09M
Total Assets $16.61M $20.16M $21.22M
YoY Change 76.31% 194.23% 347.92%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $227.6K $1.547M $302.3K
YoY Change -75.44% 106.83% 57.29%
Accrued Expenses $1.585M $1.484M $1.620M
YoY Change 134.47% 110.36% 258.3%
Deferred Revenue $37.69K $165.8K $149.7K
YoY Change -51.71% 56.63% -67.14%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0% -100.0% -100.0%
Long-Term Debt Due $0.00
YoY Change -100.0%
Total Short-Term Liabilities $2.076M $3.447M $2.322M
YoY Change -33.41% 12.18% 14.64%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0% -100.0% -100.0%
Other Long-Term Liabilities $1.394M $1.374M $2.297M
YoY Change 436.04% 401.67%
Total Long-Term Liabilities $1.394M $1.374M $2.297M
YoY Change 110.96% 46.9% 663.1%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.076M $3.447M $2.322M
Total Long-Term Liabilities $1.394M $1.374M $2.297M
Total Liabilities $3.978M $5.450M $5.521M
YoY Change 5.29% 35.97% 137.3%
SHAREHOLDERS EQUITY
Retained Earnings -$21.74M -$17.00M -$15.52M
YoY Change 79.87% 41.77% 28.92%
Common Stock $20.81K $19.04K $18.99K
YoY Change -86.27% -86.09% -85.68%
Preferred Stock
YoY Change
Treasury Stock (at cost) $965.2K $930.2K $930.2K
YoY Change 3.76% 0.0% 0.0%
Treasury Stock Shares $1.673M $1.643M $1.643M
Shareholders Equity $12.63M $14.71M $15.70M
YoY Change
Total Liabilities & Shareholders Equity $16.61M $20.16M $21.22M
YoY Change 76.31% 194.23% 347.92%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022 Q1
OPERATING ACTIVITIES
Net Income -$4.701M -$1.525M -$2.078M
YoY Change 4820.62% -3634.63% -867.43%
Depreciation, Depletion And Amortization $719.9K $349.9K $363.3K
YoY Change 1205.39% 591.62% 6649.86%
Cash From Operating Activities -$3.153M -$1.947M
YoY Change 918.18% -1295.69%
INVESTING ACTIVITIES
Capital Expenditures $222.3K $11.77K
YoY Change -762.37% 155.27%
Acquisitions
YoY Change
Other Investing Activities $0.00
YoY Change
Cash From Investing Activities -$222.3K -$11.77K
YoY Change 562.56% 155.27%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change -100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.898M $26.80K
YoY Change -23.88% -97.32%
NET CHANGE
Cash From Operating Activities -3.153M -$1.947M
Cash From Investing Activities -222.3K -$11.77K
Cash From Financing Activities 1.898M $26.80K
Net Change In Cash -1.478M -$1.932M
YoY Change -168.73% -266.88%
FREE CASH FLOW
Cash From Operating Activities -$3.153M -$1.947M
Capital Expenditures $222.3K $11.77K
Free Cash Flow -$3.375M -$1.959M
YoY Change 1122.44% -1337.98%

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us-gaap Share Based Compensation
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us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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us-gaap Paid In Kind Interest
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us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
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us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
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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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43819 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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21189 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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us-gaap Increase Decrease In Contract With Customer Asset
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us-gaap Increase Decrease In Contract With Customer Asset
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us-gaap Increase Decrease In Accounts Payable
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us-gaap Increase Decrease In Accounts Payable
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us-gaap Increase Decrease In Contract With Customer Liability
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us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
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us-gaap Increase Decrease In Accrued Liabilities
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556220 usd
us-gaap Increase Decrease In Accrued Liabilities
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80504 usd
us-gaap Increase Decrease In Operating Lease Liability
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us-gaap Increase Decrease In Operating Lease Liability
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us-gaap Increase Decrease In Reserve For Commissions Expense And Taxes
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us-gaap Increase Decrease In Reserve For Commissions Expense And Taxes
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us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
31033 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
22454 usd
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
2233884 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-31033 usd
us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Proceeds From Long Term Lines Of Credit
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402306 usd
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ProceedsFromShortTermDebt
0 usd
us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
150000 usd
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us-gaap Proceeds From Issuance Of Secured Debt
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1000000 usd
us-gaap Repayments Of Secured Debt
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us-gaap Repayments Of Secured Debt
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us-gaap Proceeds From Issuance Of Common Stock
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us-gaap Proceeds From Stock Options Exercised
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CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
1532764 usd
us-gaap Interest Paid Net
InterestPaidNet
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us-gaap Interest Paid Net
InterestPaidNet
11422 usd
us-gaap Stock Issued1
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200000 usd
CY2021Q4 us-gaap Stockholders Equity
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17441172 usd
CY2022Q1 us-gaap Net Income Loss
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CY2022Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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312176 usd
CY2022Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
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CY2022Q1 us-gaap Stockholders Equity
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CY2022Q2 us-gaap Net Income Loss
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CY2022Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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529565 usd
CY2022Q2 us-gaap Stock Issued During Period Value Stock Options Exercised
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CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
14714355 usd
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
1613383 usd
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
270815 usd
CY2021Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
27711 usd
CY2021Q1 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
495999 usd
CY2021Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
3550 usd
CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
2411458 usd
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
43157 usd
CY2021Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
111862 usd
CY2021Q2 us-gaap Stock Issued During Period Value New Issues
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CY2021Q2 us-gaap Stock Issued During Period Value Stock Options Exercised
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79995 usd
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
2845027 usd
CY2022Q2 iaic Working Capital
WorkingCapital
1000000.0 usd
CY2022Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
600000 usd
CY2022Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-17000000.0 usd
us-gaap Use Of Estimates
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<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;"><b><span style="text-decoration: underline; ">Use of Estimates</span></b></p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;text-indent:36pt;">Preparation of condensed consolidated financial statements in conformity with GAAP requires us to make estimates and assumptions that affect the amounts reported and disclosed in the financial statements and the accompanying notes. Actual results could differ materially from these estimates due to uncertainties, including the effects of COVID-<em style="font: inherit;">19.</em> On an ongoing basis, we evaluate our estimates, including those related to the allowance for credit losses; fair values of financial instruments, intangible assets, and goodwill; useful lives of intangible assets and property and equipment; the valuation of stock-based compensation, the valuation of deferred tax assets and liabilities; and contingent liabilities, among others. We base our estimates on assumptions, both historical and forward looking, that are believed to be reasonable, and the results of which form the basis for making judgments about the carrying values of assets and liabilities.</p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p>
CY2021Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
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iaic Contract With Customer Asset Contract Assets Added
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0 usd
us-gaap Prior Period Reclassification Adjustment Description
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<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;"><b><span style="text-decoration: underline; ">Reclassification</span></b></p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;text-indent:36pt;">Beginning with the <em style="font: inherit;">three</em> months ended <em style="font: inherit;"> March 31, 2022, </em>our condensed consolidated statement of cash flows presents separately the amortization of the right-of-use operating lease asset as a non-cash adjustment from net income and the change in the operating lease liability due to cash payments as a change in operating assets and liabilities. Previously, the net of these amounts was reported as a change in operating assets and liabilities. Amounts on the condensed consolidated statement of cash flows for the <em style="font: inherit;">six</em> months ended <em style="font: inherit;"> June 30, 2021, </em>have been reclassified to conform to the current year presentation.</p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p>
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;"><b><span style="text-decoration: underline; ">Concentration of Credit Risk</span></b></p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;text-indent:36pt;">During the <em style="font: inherit;">three</em> months ended <em style="font: inherit;"> June 30, 2022, </em>the Company’s prime contracts with U.S. government agencies represented 43.3% of revenue, subcontracts under federal procurements represented 52.7% of revenue and 81.3% of gross profit, and 4.0% of revenue came from commercial and local government contracts. The terms of these contracts and subcontracts vary from single transactions to <em style="font: inherit;">five</em> years. Two prime contracts with U.S. government agencies represented 24.8% and 13.1% of revenue, respectively, and <span style="-sec-ix-hidden:c86803016">two</span> subcontracts under federal procurements represented 22.3%, and 12.2% of revenue, respectively. Revenue from <span style="-sec-ix-hidden:c86803019">one</span> prime contractor under which the Company has multiple subcontracts represented 29.8% of the Company’s revenue and 50.5% of the Company’s gross profit in aggregate.</p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;text-indent:36pt;">During the <em style="font: inherit;">three</em> months ended <em style="font: inherit;"> June 30, 2021, </em>the Company’s prime contracts with U.S. government agencies represented 27.0% of revenue, subcontracts under federal procurements represented 69.0% of revenue and 95.0% of gross profit, and 4.0% of revenue came from commercial and local government contracts. The terms of these contracts and subcontracts vary from single transactions to <em style="font: inherit;">five</em> years. Within this group of prime contracts with U.S. government agencies, <span style="-sec-ix-hidden:c86803028">one</span> software sales contract generated 19.1% of the Company’s revenue. Two subcontracts under federal procurements generated 28.8% and 10.5% of the Company’s revenue, respectively, and all subcontracts under <em style="font: inherit;">one</em> of those prime contractors collectively generated 37.0% of the Company’s revenue and 70.0% of its gross profit.</p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;text-indent:36pt;">During the <em style="font: inherit;">six</em> months ended <em style="font: inherit;"> June 30, 2022, </em>the Company’s prime contracts with U.S. government agencies represented 39.6% of revenue, subcontracts under federal procurements represented 57.8% of revenue, and 2.6% of revenue came from commercial and local government contracts. <span style="-sec-ix-hidden:c86803013">Two</span> prime contracts with U.S. government agencies represented 14.6% and 11.4% of revenue, respectively, and <span style="-sec-ix-hidden:c86803043"><span style="-sec-ix-hidden:c86803030">two</span></span> subcontracts under federal procurements represented 24.2%, and 13.8% of revenue, respectively. Revenue from <span style="-sec-ix-hidden:c86803046">one</span> prime contractor under which the Company has multiple subcontracts represented 33.1% of the Company’s revenue and 65.8% of the Company’s gross profit in aggregate.</p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;text-indent:36pt;">During the <em style="font: inherit;">six</em> months ended <em style="font: inherit;"> June 30, 2021, </em>the Company’s prime contracts with U.S. government agencies represented 32.9% of revenue, subcontracts under federal procurements represented 64.2% of revenue, and 2.9% of revenue came from commercial and local government contracts. One prime contract with a U.S. government agency represented 11.1% of revenue and <span style="-sec-ix-hidden:c86803055">one</span> subcontract under a federal procurement represented 33.4% of revenue. Revenue from <span style="-sec-ix-hidden:c86803057">one</span> prime contractor under which the Company has multiple subcontracts represented 42.2% of the Company’s revenue and 66.5% of the Company’s gross profit in aggregate.</p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;text-indent:36pt;">The Company sold <em style="font: inherit;">third</em>-party software and maintenance contracts under agreements with <span style="-sec-ix-hidden:c86803061">one</span> major supplier, accounting for 34.1% and 79.9% of total revenue during the <em style="font: inherit;">three</em> months ended <em style="font: inherit;"> June 30, 2022 </em>and <em style="font: inherit;">2021,</em> respectively, and 32.6% and 28.7% of total revenue during the <em style="font: inherit;">six</em> months ended <em style="font: inherit;"> June 30, 2022 </em>and <em style="font: inherit;">2021,</em> respectively.</p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;text-indent:36pt;">As of <em style="font: inherit;"> June 30, 2022, </em>the Company’s accounts receivable included receivables from <em style="font: inherit;"><span style="-sec-ix-hidden:c86803040">two</span></em> prime contracts with U.S. government agencies that represented 29.8% and 14.0% of the Company’s outstanding accounts receivable, respectively, and <span style="-sec-ix-hidden:c86803075">one</span> subcontract under a federal procurement that represented 26.9% of the Company’s outstanding accounts receivable. Receivables from <em style="font: inherit;"><span style="-sec-ix-hidden:c86803062"><span style="-sec-ix-hidden:c86803053">one</span></span></em> prime contractor under which the Company has multiple subcontracts represented 32.8% of the Company’s outstanding accounts receivable in aggregate.</p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;text-indent:36pt;">As of <em style="font: inherit;"> June 30, 2021, </em>the Company’s accounts receivable balances related to <span style="-sec-ix-hidden:c86803079"><span style="-sec-ix-hidden:c86803072">two</span></span> subcontracts under federal procurements represented 17.2% and 13.0% of the Company’s outstanding accounts receivable, respectively, and additional receivables from <span style="-sec-ix-hidden:c86803082">one</span> prime contractor under which the Company has multiple subcontracts represented 52.7% of the Company’s outstanding accounts receivable in aggregate.</p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p>
CY2022Q2 us-gaap Revenue From Contract With Customer Including Assessed Tax
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CY2021Q2 us-gaap Revenue From Contract With Customer Including Assessed Tax
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us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
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us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
8151541 usd
CY2022Q2 us-gaap Allowance For Doubtful Accounts Receivable
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CY2022Q2 us-gaap Accounts Receivable Net
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3583136 usd
CY2020Q4 us-gaap Contract With Customer Asset Net
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210688 usd
CY2021Q1 iaic Contract With Customer Asset Contract Assets Added
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CY2021Q1 us-gaap Contract With Customer Asset Net
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342611 usd
CY2021Q2 iaic Contract With Customer Asset Contract Assets Added
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134657 usd
CY2021Q2 us-gaap Contract With Customer Asset Net
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CY2021Q4 us-gaap Contract With Customer Liability
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CY2022Q1 us-gaap Contract With Customer Liability
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149692 usd
CY2022Q2 iaic Contract With Customer Liability Additions
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CY2022Q2 iaic Contract With Customer Liability Revenue Recognized During Period
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CY2022Q2 us-gaap Contract With Customer Liability
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CY2020Q4 us-gaap Contract With Customer Liability
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946884 usd
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CY2021Q1 iaic Contract With Customer Liability Revenue Recognized During Period
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CY2021Q1 us-gaap Contract With Customer Liability
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CY2021Q2 iaic Contract With Customer Liability Additions
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CY2021Q2 iaic Contract With Customer Liability Revenue Recognized During Period
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CY2021Q2 us-gaap Contract With Customer Liability
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CY2022Q2 us-gaap Contract With Customer Liability Revenue Recognized
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CY2021Q2 us-gaap Contract With Customer Liability Revenue Recognized
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352969 usd
us-gaap Contract With Customer Liability Revenue Recognized
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111591 usd
us-gaap Contract With Customer Liability Revenue Recognized
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845463 usd
CY2022Q2 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
0 usd
CY2021Q4 iaic Deferred Costs Of Revenue
DeferredCostsOfRevenue
154218 usd
CY2022Q1 iaic Deferred Costs Of Revenue Added
DeferredCostsOfRevenueAdded
2800 usd
CY2022Q1 iaic Deferred Costs Of Revenue Expense
DeferredCostsOfRevenueExpense
55362 usd
CY2022Q1 iaic Deferred Costs Of Revenue
DeferredCostsOfRevenue
101656 usd
CY2022Q2 iaic Deferred Costs Of Revenue Expense
DeferredCostsOfRevenueExpense
53434 usd
CY2022Q2 iaic Deferred Costs Of Revenue
DeferredCostsOfRevenue
48222 usd
CY2020Q4 iaic Deferred Costs Of Revenue
DeferredCostsOfRevenue
89068 usd
CY2021Q1 iaic Deferred Costs Of Revenue Added
DeferredCostsOfRevenueAdded
17406 usd
CY2021Q1 iaic Deferred Costs Of Revenue Expense
DeferredCostsOfRevenueExpense
75223 usd
CY2021Q1 iaic Deferred Costs Of Revenue
DeferredCostsOfRevenue
31251 usd
CY2021Q2 iaic Deferred Costs Of Revenue Added
DeferredCostsOfRevenueAdded
11188 usd
CY2021Q2 iaic Deferred Costs Of Revenue Expense
DeferredCostsOfRevenueExpense
16681 usd
CY2021Q2 iaic Deferred Costs Of Revenue
DeferredCostsOfRevenue
25758 usd
iaic Lessee Operating Lease Rent Escalations Percentage
LesseeOperatingLeaseRentEscalationsPercentage
0.025 pure
CY2022Q2 us-gaap Lessee Operating Lease Term Of Contract
LesseeOperatingLeaseTermOfContract
P40M
CY2022Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.050 pure
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
112643 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
228862 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
174721 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
74804 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
70220 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
661250 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
55934 usd
CY2022Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
605316 usd
CY2022Q2 us-gaap Operating Lease Expense
OperatingLeaseExpense
54460 usd
CY2021Q1 us-gaap Operating Lease Expense
OperatingLeaseExpense
26122 usd
us-gaap Operating Lease Expense
OperatingLeaseExpense
110720 usd
us-gaap Operating Lease Expense
OperatingLeaseExpense
52244 usd
CY2022Q2 us-gaap Fair Value Asset Liability Recurring Basis Still Held Unrealized Gain Loss
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0 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
201032 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
699786 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
900818 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
7768968 usd
us-gaap Amortization Of Intangible Assets
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699786 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
7069182 usd
CY2021Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
8048968 usd
us-gaap Amortization Of Intangible Assets
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699786 usd
CY2022Q2 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
7349182 usd
CY2021Q4 us-gaap Goodwill
Goodwill
7585269 usd
CY2022Q2 us-gaap Goodwill
Goodwill
7585269 usd
us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
699786 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
1399572 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
1369635 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
1359576 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
1326854 usd
CY2022Q2 iaic Finitelived Intangible Asset Expected Amortization After Year Four
FinitelivedIntangibleAssetExpectedAmortizationAfterYearFour
913759 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
7069182 usd
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0
CY2021Q2 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 Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0 pure
CY2021Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
127500
CY2021Q2 iaic Sharebased Compensation Arrangement By Sharebased Payment Award Options Grants In Period Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsGrantsInPeriodGrantDateFairValue
152150 usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
912000
iaic Sharebased Compensation Arrangement By Sharebased Payment Award Options Grants In Period Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsGrantsInPeriodGrantDateFairValue
2074670 usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
272500
iaic Sharebased Compensation Arrangement By Sharebased Payment Award Options Grants In Period Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsGrantsInPeriodGrantDateFairValue
329050 usd
CY2022Q2 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
52000
CY2021Q2 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
360000
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
157000
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
385000
CY2022Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
2433633 usd
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P10M
CY2022Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
529565 usd
CY2021Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
111862 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
841741 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
139573 usd
CY2022Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.1252 pure
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.2076 pure
CY2022Q2 iaic Effective Income Tax Rate Continuing Operations Decrease Tax Benefit
EffectiveIncomeTaxRateContinuingOperationsDecreaseTaxBenefit
303 usd
CY2021Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0 pure
CY2021Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0
CY2021Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
43157 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-3603749 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
313972 usd
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
17376697
CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-1525442 usd
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
11980397
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
17335979
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
11633464
CY2022Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0
CY2021Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
684870
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
671718
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
17376697
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
12665267
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
17335979
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
12305182
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.09
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.00
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.21
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.03
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.09
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.00
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.21
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.03

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ex_408902.htm Edgar Link pending
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