$AIFF
FIREFLY NEUROSCIENCE, INC.

2024 Q3 Form 10-Q Financial Statement

#000143774924027242 Filed on August 19, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $33.00K $1.904M
YoY Change -98.32% -5.98%
Cost Of Revenue
YoY Change
Gross Profit $682.7K
YoY Change -3.17%
Gross Profit Margin 35.86%
Selling, General & Admin $3.423M $1.065M
YoY Change 193.4% -35.64%
% of Gross Profit 155.96%
Research & Development $878.0K
YoY Change 123.98%
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $4.301M $1.065M
YoY Change 268.66% -35.64%
Operating Profit -$4.268M -$382.1K
YoY Change 725.78% -177.48%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net $5.000K $2.740K
YoY Change 60.62% 1991.6%
Pretax Income -$4.289M -$389.7K
YoY Change 2760.63% -185.38%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$4.289M -$389.7K
YoY Change 2760.63% -265.98%
Net Earnings / Revenue -12996.97% -20.47%
Basic Earnings Per Share -$0.61 -$0.58
Diluted Earnings Per Share -$0.58
COMMON SHARES
Basic Shares Outstanding 7.341M 2.013M
Diluted Shares Outstanding 671.1K

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $1.230M $244.1K
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses $1.349M
Receivables $791.7K
Other Receivables $86.00K
Total Short-Term Assets $2.665M $1.169M
YoY Change -2.05% -55.04%
LONG-TERM ASSETS
Property, Plant & Equipment $72.00K $41.41K
YoY Change 7.94% -47.77%
Goodwill $1.125M
YoY Change 0.0%
Intangibles $1.109M $927.4K
YoY Change 5.66% -15.21%
Long-Term Investments
YoY Change
Other Assets $18.42K
YoY Change -10.69%
Total Long-Term Assets $2.646M $2.141M
YoY Change 4.13% -41.31%
TOTAL ASSETS
Total Short-Term Assets $2.665M $1.169M
Total Long-Term Assets $2.646M $2.141M
Total Assets $5.311M $3.310M
YoY Change 0.93% -47.02%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $759.2K
YoY Change -9.58%
Accrued Expenses
YoY Change
Deferred Revenue $55.53K
YoY Change -22.88%
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $2.535M $1.915M
YoY Change 16.11% -43.35%
LONG-TERM LIABILITIES
Long-Term Debt
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $2.535M $1.915M
Total Long-Term Liabilities
Total Liabilities $2.535M $1.931M
YoY Change 6.64% -46.8%
SHAREHOLDERS EQUITY
Retained Earnings -$83.30M -$34.29M
YoY Change 156.65% 6.14%
Common Stock $1.000K $73.00
YoY Change -53.45% -99.65%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.776M $1.379M
YoY Change
Total Liabilities & Shareholders Equity $5.311M $3.310M
YoY Change 0.93% -47.02%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income -$4.289M -$389.7K
YoY Change 2760.63% -265.98%
Depreciation, Depletion And Amortization
YoY Change
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

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dei Security12b Title
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us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
105385 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-134547 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
45561 usd
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-0 usd
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-58682 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
355788 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
265922 usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-59009 usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-110753 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-126502 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
83243 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-88184 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-101357 usd
us-gaap Increase Decrease In Reserve For Commissions Expense And Taxes
IncreaseDecreaseInReserveForCommissionsExpenseAndTaxes
30223 usd
us-gaap Increase Decrease In Reserve For Commissions Expense And Taxes
IncreaseDecreaseInReserveForCommissionsExpenseAndTaxes
104670 usd
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
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us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
-1460430 usd
us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
0 usd
us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
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us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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us-gaap Proceeds From Divestiture Of Businesses Net Of Cash Divested
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0 usd
us-gaap Proceeds From Divestiture Of Businesses Net Of Cash Divested
ProceedsFromDivestitureOfBusinessesNetOfCashDivested
935974 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
0 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
935974 usd
us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
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us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
575000 usd
aiff Proceeds From Premium Financing Borrowing
ProceedsFromPremiumFinancingBorrowing
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aiff Proceeds From Premium Financing Borrowing
ProceedsFromPremiumFinancingBorrowing
305759 usd
aiff Repayments Of Premium Financing Borrowings
RepaymentsOfPremiumFinancingBorrowings
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aiff Repayments Of Premium Financing Borrowings
RepaymentsOfPremiumFinancingBorrowings
119644 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
56266 usd
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
0 usd
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
7400 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-200000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
824781 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-392781 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
681995 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
731081 usd
CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
244137 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
338300 usd
us-gaap Interest Paid Net
InterestPaidNet
23298 usd
us-gaap Interest Paid Net
InterestPaidNet
18356 usd
us-gaap Noncash Or Part Noncash Divestiture Amount Of Consideration Received1
NoncashOrPartNoncashDivestitureAmountOfConsiderationReceived1
0 usd
us-gaap Noncash Or Part Noncash Divestiture Amount Of Consideration Received1
NoncashOrPartNoncashDivestitureAmountOfConsiderationReceived1
1263000 usd
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
2268690 usd
CY2024Q1 us-gaap Net Income Loss
NetIncomeLoss
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CY2024Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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113780 usd
CY2024Q1 us-gaap Stockholders Equity
StockholdersEquity
1708520 usd
CY2024Q2 us-gaap Net Income Loss
NetIncomeLoss
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CY2024Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
60216 usd
CY2024Q2 us-gaap Stockholders Equity
StockholdersEquity
1379039 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
3729903 usd
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
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CY2023Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
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CY2023Q1 us-gaap Stock Issued During Period Value Share Based Compensation Forfeited
StockIssuedDuringPeriodValueShareBasedCompensationForfeited
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CY2023Q1 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
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CY2023Q1 aiff Adjustments To Additional Paid In Capital Amortization Of Stock Issuance Costs
AdjustmentsToAdditionalPaidInCapitalAmortizationOfStockIssuanceCosts
-18635 usd
CY2023Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
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CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
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CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
234785 usd
CY2023Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
88159 usd
CY2023Q2 aiff Adjustments To Additional Paid In Capital Amortization Of Stock Issuance Costs
AdjustmentsToAdditionalPaidInCapitalAmortizationOfStockIssuanceCosts
-76673 usd
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
2617589 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
-1056041 usd
CY2024Q2 aiff Working Capital
WorkingCapital
-746040 usd
CY2024Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
244137 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: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt; text-indent: 0pt;">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. 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, including the underlying estimates of cash flows of our products and reporting unit; useful lives of intangible assets and property and equipment; the valuation of stock-based compensation, and the valuation of deferred tax assets and 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>
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: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt; text-indent: 0pt;">During the <em style="font: inherit;">three</em> months ended <em style="font: inherit;"> June 30, 2024</em>, the Company’s prime contracts with U.S. government agencies represented 7.1%of revenue and subcontracts under federal procurements represented 92.9% of revenue. The terms of these contracts and subcontracts vary from single transactions to <span style="-sec-ix-hidden:c116587444">five</span> years. <span style="-sec-ix-hidden:c116587445">Three</span> subcontracts under federal procurements represented 30.0%, 23.5%, and 17.4% of revenue, respectively. Revenue from <span style="-sec-ix-hidden:c116587449">one</span> prime contractor under which the Company has multiple subcontracts represented 61.2% of the Company’s revenue in aggregate.</p> <p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt; text-indent: 0pt;"> </p> <p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; text-align: justify; margin: 0pt; text-indent: 0pt;">During the <em style="font: inherit;">three</em> months ended <em style="font: inherit;"> June 30, 2023</em>, the Company’s prime contracts with U.S. government agencies represented 10.2% of revenue and subcontracts under federal procurements represented 89.7% of revenue, and 0.1% of revenue came from commercial contracts. The terms of these contracts and subcontracts vary from single transactions to <span style="-sec-ix-hidden:c116587455">five</span> years. <span style="-sec-ix-hidden:c116587456">Three</span> subcontracts under federal procurements represented 30.5%, 19.3%, and 17.5% of revenue, respectively. Revenue from <span style="-sec-ix-hidden:c116587460">one</span> prime contractor under which the Company has multiple subcontracts represented 55.1% of the Company’s revenue in aggregate.</p> <p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt; text-indent: 0pt;"> </p> <p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt; text-indent: 0pt;">During the <em style="font: inherit;">six</em> months ended <em style="font: inherit;"> June 30, 2024</em>, the Company’s prime contracts with U.S. government agencies represented 8.0% of revenue and subcontracts under federal procurements represented 92.0% of revenue. The terms of these contracts and subcontracts vary from single transactions to <span style="-sec-ix-hidden:c116587465">five</span> years. <span style="-sec-ix-hidden:c116587466">Three</span> subcontracts under federal procurements represented 29.5%, 23.3%, and <em style="font: inherit;">17.2%</em> of revenue, respectively. Revenue from <em style="font: inherit;"><span style="-sec-ix-hidden:c116587473">one</span></em> prime contractor under which the Company has multiple subcontracts represented <em style="font: inherit;">60.0%</em> of the Company’s revenue in aggregate.</p> <p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt; text-indent: 0pt;"> </p> <p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; text-align: justify; margin: 0pt; text-indent: 0pt;">During the <em style="font: inherit;">six</em> months ended <em style="font: inherit;"> June 30, 2023</em>, the Company’s prime contracts with U.S. government agencies represented 9.1% of revenue and subcontracts under federal procurements represented 89.3% of revenue, and 1.6% of revenue came from commercial contracts. The terms of these contracts and subcontracts vary from single transactions to <span style="-sec-ix-hidden:c116587480">five</span> years. <span style="-sec-ix-hidden:c116587481">Three</span> subcontracts under federal procurements represented 30.3%, 21.1%, and 16.6% of revenue, respectively. Revenue from <span style="-sec-ix-hidden:c116587485">one</span> prime contractor under which the Company has multiple subcontracts represented 54.5% of the Company’s revenue in aggregate.</p> <p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; text-align: justify; margin: 0pt; text-indent: 0pt;"> </p> <p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; text-align: justify; margin: 0pt; text-indent: 0pt;">As of <em style="font: inherit;"> June 30, 2024</em>, the Company’s accounts receivable included receivables from <span style="-sec-ix-hidden:c116587487">three</span> subcontracts under federal procurements that represented 22.5%, 24.8%, and 14.9% of the Company’s outstanding accounts receivable, respectively. Receivables from <span style="-sec-ix-hidden:c116587491">one</span> prime contractor under which the Company has multiple subcontracts represented 52.9% 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: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt; text-indent: 0pt;">As of <em style="font: inherit;"> December 31, 2023</em>, the Company’s accounts receivable included receivables from <span style="-sec-ix-hidden:c116587493">two</span> subcontracts under federal procurements that represented 30.2% and 29.3% of the Company’s outstanding accounts receivable, respectively. Receivables from <span style="-sec-ix-hidden:c116587496">one</span> prime contractor under which the Company has multiple subcontracts represented 70.1% 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>
CY2023Q1 us-gaap Disposal Group Including Discontinued Operation Cash And Cash Equivalents
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CY2023Q1 aiff Cash After Closing
CashAfterClosing
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CY2023Q1 aiff Disposal Group Including Discontinued Operation Buyer Stock
DisposalGroupIncludingDiscontinuedOperationBuyerStock
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CY2023Q1 us-gaap Business Combination Contingent Consideration Asset Noncurrent
BusinessCombinationContingentConsiderationAssetNoncurrent
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CY2023Q1 aiff Disposal Group Including Discontinued Operation Estimated Fair Value Of Reporting Unit
DisposalGroupIncludingDiscontinuedOperationEstimatedFairValueOfReportingUnit
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aiff Sharebased Compensation Arrangement By Sharebased Payment Award Income Previously Recognized As Stocked Based Compensation Expense
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CY2024Q2 us-gaap Revenue From Contract With Customer Including Assessed Tax
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CY2023Q2 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
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us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
4184745 usd
CY2024Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
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CY2024Q2 us-gaap Accounts Receivable Net
AccountsReceivableNet
791707 usd
CY2023Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
1117862 usd
CY2023Q4 us-gaap Contract With Customer Liability
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114540 usd
CY2024Q1 aiff Contract With Customer Liability Additions
ContractWithCustomerLiabilityAdditions
26026 usd
CY2024Q1 aiff Contract With Customer Liability Revenue Recognized During Period
ContractWithCustomerLiabilityRevenueRecognizedDuringPeriod
55531 usd
CY2024Q1 us-gaap Contract With Customer Liability
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85035 usd
CY2024Q2 aiff Contract With Customer Liability Additions
ContractWithCustomerLiabilityAdditions
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aiff Contract With Customer Liability Revenue Recognized During Period
ContractWithCustomerLiabilityRevenueRecognizedDuringPeriod
31237 usd
CY2024Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
55531 usd
CY2022Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
182756 usd
CY2023Q1 aiff Contract With Customer Liability Revenue Recognized During Period
ContractWithCustomerLiabilityRevenueRecognizedDuringPeriod
55665 usd
CY2023Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
127091 usd
CY2023Q2 aiff Contract With Customer Liability Revenue Recognized During Period
ContractWithCustomerLiabilityRevenueRecognizedDuringPeriod
55088 usd
CY2023Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
72003 usd
CY2024Q2 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
31237 usd
CY2023Q2 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
55665 usd
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
85035 usd
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
110753 usd
CY2023Q4 us-gaap Contract With Customer Asset Net
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87988 usd
CY2024Q1 us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
29330 usd
CY2024Q1 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
58658 usd
us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
29330 usd
CY2024Q2 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
29329 usd
CY2021 aiff Lessee Operating Lease Rent Escalations Percentage
LesseeOperatingLeaseRentEscalationsPercentage
0.025 pure
CY2024Q1 us-gaap Gain Loss On Termination Of Lease
GainLossOnTerminationOfLease
6419 usd
CY2024Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.045 pure
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
40057 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
40057 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
447 usd
CY2024Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
39610 usd
CY2024Q2 us-gaap Operating Lease Expense
OperatingLeaseExpense
37106 usd
CY2023Q2 us-gaap Operating Lease Expense
OperatingLeaseExpense
38053 usd
us-gaap Operating Lease Expense
OperatingLeaseExpense
75825 usd
us-gaap Operating Lease Expense
OperatingLeaseExpense
76106 usd
CY2023Q3 aiff Discount Rate Of Project Revenue
DiscountRateOfProjectRevenue
0.4075 pure
CY2024Q2 us-gaap Fair Value Asset Liability Recurring Basis Still Held Unrealized Gain Loss
FairValueAssetLiabilityRecurringBasisStillHeldUnrealizedGainLoss
0 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
484461 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
78183 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
562644 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
725539 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
78183 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
647356 usd
CY2023Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
1005539 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
78183 usd
CY2024Q2 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
927356 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
68124 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
136248 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
136248 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
136248 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
136248 usd
CY2024Q2 aiff Finitelived Intangible Asset Expected Amortization After Year Four
FinitelivedIntangibleAssetExpectedAmortizationAfterYearFour
34240 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
647356 usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0
CY2024Q2 us-gaap Stock Issued During Period Shares Stock Options Exercised
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0
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
0
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
667
CY2024Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
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162308 usd
CY2024Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
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P11M
CY2024Q2 us-gaap Allocated Share Based Compensation Expense
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60216 usd
CY2023Q2 us-gaap Allocated Share Based Compensation Expense
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88159 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
173996 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
376331 usd
aiff Common Stock Purchase Agreement Text Bock
CommonStockPurchaseAgreementTextBock
<table border="0" cellpadding="0" cellspacing="0" style="width: 100%; text-indent: 0px; font-size: 10pt;"><tbody><tr style="vertical-align: top; font-size: 10pt;"><td style="width: 36pt; vertical-align: middle; font-size: 10pt;"> <p style="margin: 0pt; text-align: justify; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"><b>Note <em style="font: inherit;">9.</em></b></p> </td><td style="width: auto; vertical-align: middle; font-size: 10pt;"><b>Sales of Shares Under Common Stock Purchase Agreement</b></td></tr> </tbody></table> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt; text-indent: 0pt;">On <em style="font: inherit;"> July 8, 2022, </em>we entered into a Common Stock Purchase Agreement (the “Purchase Agreement” or "ELOC") and a Registration Rights Agreement (the “Registration Rights Agreement”) with B. Riley Principal Capital II, LLC (“B. Riley”). Pursuant to the Purchase Agreement, subject to certain limitations and conditions, the Company has the right, but <em style="font: inherit;">not</em> the obligation, to sell to B. Riley up to $15,000,000 of shares of the Company’s common stock, par value $0.0001 per share (“Common Stock”), from time to time. Sales of Common Stock to B. Riley under the Purchase Agreement, and the timing of any such sales, are solely at the Company’s option, and the Company is under <em style="font: inherit;">no</em> obligation to sell any securities to B. Riley under the Purchase Agreement. Pursuant to the Registration Rights Agreement, the Company agreed to file a registration statement with the Securities Exchange Commission (the “SEC”) to register under the Securities Act of <em style="font: inherit;">1933,</em> as amended (the “Securities Act”) the resale by B. Riley of up to 150,000 shares of Common Stock that the Company <em style="font: inherit;"> may </em>issue or elect, in the Company’s sole discretion, to issue and sell to B. Riley, from time to time under the Purchase Agreement. Use of the ELOC is subject to restrictions based on the price and trading volume of our stock, which limits its availability to the Company as a significant source of capital.</p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt; text-indent: 0pt;">During the <em style="font: inherit;">three</em> and <em style="font: inherit;">six</em> months ended <em style="font: inherit;"> June 30, 2024</em>, the Company had no sales of shares of common stock. During the <em style="font: inherit;">three</em> months ended <em style="font: inherit;"> June 30, 2023</em>, the Company had no sales of shares of common stock, and during the <em style="font: inherit;">six</em> months ended <em style="font: inherit;"> June 30, 2023</em>, the Company sold 2,479 shares of common stock under the ELOC at an average price of $21.56 per share, net of fees of approximately $1.20 per share. The net proceeds from this sale were $53,453.</p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p>
CY2024Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
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