2023 Q3 Form 10-Q Financial Statement

#000149315223028610 Filed on August 14, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2 2022 Q2
Revenue $46.00K $42.00K $30.00K
YoY Change 119.05% 40.0% 30.43%
Cost Of Revenue $30.00K $0.00 $69.00K
YoY Change -100.0% -86.65%
Gross Profit $16.00K $42.00K -$39.00K
YoY Change -23.81% -207.69% -91.61%
Gross Profit Margin 34.78% 100.0% -130.0%
Selling, General & Admin $5.439M $2.550M $2.181M
YoY Change 5.2% 16.92% -48.75%
% of Gross Profit 33993.75% 6071.43%
Research & Development $2.734M $2.953M $2.475M
YoY Change 99.27% 19.31% 87.93%
% of Gross Profit 17087.5% 7030.95%
Depreciation & Amortization $53.00K $80.00K $29.00K
YoY Change 89.29% 175.86% -83.71%
% of Gross Profit 331.25% 190.48%
Operating Expenses $2.734M $2.953M $2.475M
YoY Change 99.27% 19.31% 87.93%
Operating Profit -$8.157M -$5.461M -$4.695M
YoY Change 25.09% 16.32% 26.28%
Interest Expense -$16.00K
YoY Change
% of Operating Profit
Other Income/Expense, Net $294.0K $318.0K $3.000K
YoY Change 70.93% 10500.0% -110.34%
Pretax Income -$7.816M -$4.909M -$4.851M
YoY Change 22.41% 1.2% -48.69%
Income Tax
% Of Pretax Income
Net Earnings -$7.816M -$4.909M -$4.851M
YoY Change 22.41% 1.2% -17.44%
Net Earnings / Revenue -16991.3% -11688.1% -16170.0%
Basic Earnings Per Share -$0.16 -$0.10 -$0.10
Diluted Earnings Per Share -$0.16 -$0.10 -$101.0K
COMMON SHARES
Basic Shares Outstanding 48.67M shares 48.41M shares
Diluted Shares Outstanding 48.64M shares 48.41M shares 48.03M shares

Balance Sheet

Concept 2023 Q3 2023 Q2 2022 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $22.43M $28.40M $41.77M
YoY Change -38.95% -32.02% 1.53%
Cash & Equivalents $15.26M $21.04M $34.45M
Short-Term Investments $7.167M $7.360M $7.320M
Other Short-Term Assets $263.0K $438.0K $4.273M
YoY Change -94.03% -89.75% 2656.77%
Inventory
Prepaid Expenses
Receivables $48.00K $33.00K $0.00
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $22.74M $28.87M $46.05M
YoY Change -44.73% -37.3% 11.42%
LONG-TERM ASSETS
Property, Plant & Equipment $136.0K $145.0K $127.0K
YoY Change 15.25% 14.17% -97.98%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $2.102M $1.784M $1.811M
YoY Change -1.68% -1.49% 53.87%
Total Long-Term Assets $5.119M $4.748M $4.839M
YoY Change -0.31% -1.88% -80.95%
TOTAL ASSETS
Total Short-Term Assets $22.74M $28.87M $46.05M
Total Long-Term Assets $5.119M $4.748M $4.839M
Total Assets $27.86M $33.62M $50.88M
YoY Change -39.81% -33.93% -23.74%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.788M $2.151M $712.0K
YoY Change 191.33% 202.11% 57.87%
Accrued Expenses $1.721M $528.0K $502.0K
YoY Change -2.6% 5.18% 18.12%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $4.716M $2.885M $1.368M
YoY Change 62.9% 110.89% 56.16%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $543.0K $597.0K $736.0K
YoY Change -21.87% -18.89% 134.39%
Total Long-Term Liabilities $543.0K $597.0K $736.0K
YoY Change -21.87% -18.89%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.716M $2.885M $1.368M
Total Long-Term Liabilities $543.0K $597.0K $736.0K
Total Liabilities $5.259M $3.482M $2.104M
YoY Change 46.49% 65.49% 76.81%
SHAREHOLDERS EQUITY
Retained Earnings -$396.9M -$389.1M -$369.8M
YoY Change 5.52% 5.23%
Common Stock $48.00K $48.00K $417.8M
YoY Change 0.0% -99.99%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $22.60M $30.14M $48.78M
YoY Change
Total Liabilities & Shareholders Equity $27.86M $33.62M $50.88M
YoY Change -39.81% -33.93% -23.74%

Cashflow Statement

Concept 2023 Q3 2023 Q2 2022 Q2
OPERATING ACTIVITIES
Net Income -$7.816M -$4.909M -$4.851M
YoY Change 22.41% 1.2% -17.44%
Depreciation, Depletion And Amortization $53.00K $80.00K $29.00K
YoY Change 89.29% 175.86% -83.71%
Cash From Operating Activities -$5.671M -$2.158M -$2.313M
YoY Change 14.15% -6.7% 34.63%
INVESTING ACTIVITIES
Capital Expenditures $184.0K $203.0K -$43.00K
YoY Change -1020.0% -572.09% 65.38%
Acquisitions
YoY Change
Other Investing Activities -$152.0K -$1.000K $7.764M
YoY Change -156.3% -100.01% -789.52%
Cash From Investing Activities -$336.0K -$204.0K $7.721M
YoY Change -234.4% -102.64% -770.23%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 233.0K 5.000K 55.00K
YoY Change 832.0% -90.91% -101.16%
NET CHANGE
Cash From Operating Activities -5.671M -2.158M -2.313M
Cash From Investing Activities -336.0K -204.0K 7.721M
Cash From Financing Activities 233.0K 5.000K 55.00K
Net Change In Cash -5.774M -2.357M 5.463M
YoY Change 23.03% -143.14% -171.59%
FREE CASH FLOW
Cash From Operating Activities -$5.671M -$2.158M -$2.313M
Capital Expenditures $184.0K $203.0K -$43.00K
Free Cash Flow -$5.855M -$2.361M -$2.270M
YoY Change 18.33% 4.01% 34.16%

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IncreaseDecreaseInOtherReceivables
-1676000 usd
us-gaap Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
-1641000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-17000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
69000 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-34000 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
740000 usd
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
39000 usd
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
73000 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
1774000 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
514000 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-278000 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
64000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-5838000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-5071000 usd
us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
598000 usd
us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
8713000 usd
us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
712000 usd
us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
1262000 usd
AIM Proceeds From Payments To Purchase Of Property And Equipment
ProceedsFromPaymentsToPurchaseOfPropertyAndEquipment
35000 usd
AIM Proceeds From Payments To Acquire Intangible Assets
ProceedsFromPaymentsToAcquireIntangibleAssets
203000 usd
AIM Proceeds From Payments To Acquire Intangible Assets
ProceedsFromPaymentsToAcquireIntangibleAssets
76000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-282000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
7375000 usd
us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
105000 usd
us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
55000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
105000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
55000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-6015000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
2359000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
27053000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
32093000 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
21038000 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
34452000 usd
AIM Operating Leaseright Of Use Assets
OperatingLeaserightOfUseAssets
-48000 usd
AIM Operating Leaseright Of Use Assets
OperatingLeaserightOfUseAssets
761000 usd
AIM Unrealized Gain Loss On Marketable Securities
UnrealizedGainLossOnMarketableSecurities
196000 usd
AIM Unrealized Gain Loss On Marketable Securities
UnrealizedGainLossOnMarketableSecurities
-225000 usd
AIM Conversion Of Series B Preferred
ConversionOfSeriesBPreferred
6000 usd
AIM Conversion Of Series B Preferred
ConversionOfSeriesBPreferred
2000 usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
300000 shares
us-gaap Share Based Compensation
ShareBasedCompensation
132000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
517000 usd
CY2023Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
85000 usd
CY2022Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
454000 usd
CY2023Q2 us-gaap Held To Maturity Securities Fair Value
HeldToMaturitySecuritiesFairValue
7360000 usd
CY2022Q4 us-gaap Held To Maturity Securities Fair Value
HeldToMaturitySecuritiesFairValue
7137000 usd
CY2023Q2 us-gaap Marketable Securities
MarketableSecurities
7360000 usd
CY2023Q2 us-gaap Short Term Investments
ShortTermInvestments
7360000 usd
us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
109000 usd
us-gaap Equity Securities Fv Ni Realized Gain Loss
EquitySecuritiesFvNiRealizedGainLoss
-87000 usd
us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
196000 usd
CY2022Q4 us-gaap Marketable Securities
MarketableSecurities
7137000 usd
CY2022Q4 us-gaap Short Term Investments
ShortTermInvestments
7137000 usd
CY2022 us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
-1679000 usd
CY2022 us-gaap Equity Securities Fv Ni Realized Gain Loss
EquitySecuritiesFvNiRealizedGainLoss
-751000 usd
CY2022 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
-928000 usd
CY2023Q2 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
36000 usd
CY2022Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
1000 usd
CY2023Q2 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
313000 usd
CY2022Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
492000 usd
CY2023Q2 AIM Accrued Clinical Trial Expenses Current
AccruedClinicalTrialExpensesCurrent
97000 usd
CY2022Q4 AIM Accrued Clinical Trial Expenses Current
AccruedClinicalTrialExpensesCurrent
110000 usd
CY2023Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
82000 usd
CY2022Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
203000 usd
CY2023Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
528000 usd
CY2022Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
806000 usd
us-gaap Depreciation
Depreciation
21000 usd
us-gaap Depreciation
Depreciation
20000 usd
CY2021 us-gaap Asset Impairment Charges
AssetImpairmentCharges
1800000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
133000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
161000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
1974000 usd
CY2022 us-gaap Finitelived Intangible Assets Acquired1
FinitelivedIntangibleAssetsAcquired1
375000 usd
CY2022 AIM Finitelived Intangible Assets Abandonments
FinitelivedIntangibleAssetsAbandonments
190000 usd
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
218000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
1941000 usd
us-gaap Finitelived Intangible Assets Acquired1
FinitelivedIntangibleAssetsAcquired1
210000 usd
AIM Finitelived Intangible Assets Abandonments
FinitelivedIntangibleAssetsAbandonments
7000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
106000 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
2038000 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
108000 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
212000 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
205000 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
203000 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
183000 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
1127000 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
2038000 usd
CY2023Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
350000000 shares
CY2023Q2 AIM Common Stock Shares With Limitations And Restrictions On Usage
CommonStockSharesWithLimitationsAndRestrictionsOnUsage
8000000 shares
CY2023Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
350000000 shares
CY2020Q1 us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
264000 usd
CY2020Q1 AIM Warrant Modifications
WarrantModifications
46000 usd
CY2023Q2 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
15000 shares
CY2023Q2 us-gaap Sale Of Stock Percentage Of Ownership After Transaction
SaleOfStockPercentageOfOwnershipAfterTransaction
0.030 pure
us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
11937 shares
AIM Gross Proceeds From Issuance Of Common Stock
GrossProceedsFromIssuanceOfCommonStock
5593 usd
CY2023Q2 us-gaap Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
0.030 pure
CY2023Q2 us-gaap Debt Instrument Fee Amount
DebtInstrumentFeeAmount
168 usd
CY2023Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
48419491 shares
CY2022Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
48084287 shares
AIM Percentage Of Probability
PercentageOfProbability
0.050 pure
AIM Floor Rate Used As Proxy For Future Volatility Percentage
FloorRateUsedAsProxyForFutureVolatilityPercentage
1 pure
CY2023Q2 us-gaap Derivative Assets
DerivativeAssets
7360000 usd
CY2022Q4 us-gaap Derivative Assets
DerivativeAssets
7137000 usd
CY2023Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P46M
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P52M
AIM Percentage Of Incremental Borrowing Rate
PercentageOfIncrementalBorrowingRate
0.10 pure
CY2022 AIM Percentage Of Incremental Borrowing Rate
PercentageOfIncrementalBorrowingRate
0.10 pure
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
146000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
264000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
221000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
200000 usd
CY2023Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
803000 usd
CY2023Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
781000 usd
CY2023Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
803000 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
829000 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
837000 usd
us-gaap Short Term Lease Payments
ShortTermLeasePayments
141000 usd
us-gaap Short Term Lease Payments
ShortTermLeasePayments
27000 usd

Files In Submission

Name View Source Status
aim-20230630_lab.xml Edgar Link unprocessable
aim-20230630_pre.xml Edgar Link unprocessable
0001493152-23-028610-index-headers.html Edgar Link pending
0001493152-23-028610-index.html Edgar Link pending
0001493152-23-028610.txt Edgar Link pending
0001493152-23-028610-xbrl.zip Edgar Link pending
aim-20230630.xsd Edgar Link pending
aim-20230630_cal.xml Edgar Link unprocessable
aim-20230630_def.xml Edgar Link unprocessable
ex31-1.htm Edgar Link pending
ex31-2.htm Edgar Link pending
ex32-1.htm Edgar Link pending
ex32-2.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
form10-q.htm Edgar Link pending
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FilingSummary.xml Edgar Link unprocessable
form10-q_htm.xml Edgar Link completed
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