2022 Q4 Form 10-Q Financial Statement
#000165495422015091 Filed on November 14, 2022
Income Statement
Concept | 2022 Q4 | 2022 Q3 | 2021 Q3 |
---|---|---|---|
Revenue | $1.038M | $1.758M | $363.1K |
YoY Change | 3831.93% | 384.17% | 188989.58% |
Cost Of Revenue | $578.2K | $1.176M | $103.6K |
YoY Change | 5806.13% | 1034.75% | 84158.54% |
Gross Profit | $459.8K | $581.7K | $259.4K |
YoY Change | 2668.33% | 124.25% | 375862.32% |
Gross Profit Margin | 44.3% | 33.1% | 71.45% |
Selling, General & Admin | $787.5K | $6.569M | $796.0K |
YoY Change | 341.96% | 725.32% | 147.84% |
% of Gross Profit | 171.27% | 1129.23% | 306.83% |
Research & Development | $1.799M | $1.835M | $646.8K |
YoY Change | 41.22% | 183.67% | |
% of Gross Profit | 391.21% | 315.4% | 249.33% |
Depreciation & Amortization | $1.225M | $1.229M | |
YoY Change | |||
% of Gross Profit | 266.48% | 211.3% | |
Operating Expenses | $2.586M | $8.404M | $1.443M |
YoY Change | 78.12% | 482.5% | 349.24% |
Operating Profit | -$2.127M | -$7.822M | -$1.183M |
YoY Change | 48.15% | 561.03% | 268.55% |
Interest Expense | -$8.220K | $515.00 | $23.52K |
YoY Change | -11.9% | -97.81% | -1168.61% |
% of Operating Profit | |||
Other Income/Expense, Net | $3.800K | $10.34K | $1.443M |
YoY Change | -99.28% | 349.24% | |
Pretax Income | -$2.131M | -$7.822M | -$1.160M |
YoY Change | 47.5% | 574.23% | 258.85% |
Income Tax | $0.00 | ||
% Of Pretax Income | |||
Net Earnings | -$2.131M | -$7.822M | -$1.160M |
YoY Change | 47.5% | 574.23% | 258.85% |
Net Earnings / Revenue | -205.29% | -444.98% | -319.54% |
Basic Earnings Per Share | |||
Diluted Earnings Per Share | -$0.11 | -$511.2K | -$122.2K |
COMMON SHARES | |||
Basic Shares Outstanding | 20.01M shares | 19.48M shares | 142.4M shares |
Diluted Shares Outstanding |
Balance Sheet
Concept | 2022 Q4 | 2022 Q3 | 2021 Q3 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $1.853M | $2.417M | $706.9K |
YoY Change | 5.82% | 241.92% | 783.66% |
Cash & Equivalents | $1.853M | $2.417M | $706.9K |
Short-Term Investments | |||
Other Short-Term Assets | $195.8K | $152.4K | $133.1K |
YoY Change | -58.0% | 14.53% | 90.1% |
Inventory | $595.2K | $698.3K | $173.7K |
Prepaid Expenses | |||
Receivables | $201.5K | $400.2K | $44.64K |
Other Receivables | $0.00 | $0.00 | $0.00 |
Total Short-Term Assets | $2.846M | $3.668M | $884.8K |
YoY Change | 28.33% | 314.56% | 460.26% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $1.376M | $1.351M | $39.96K |
YoY Change | 15.83% | 3281.12% | 1017.34% |
Goodwill | |||
YoY Change | |||
Intangibles | $32.81M | ||
YoY Change | -12.12% | ||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $80.68K | $116.4K | $1.795K |
YoY Change | -7.87% | 6386.07% | |
Total Long-Term Assets | $34.26M | $35.41M | $19.11M |
YoY Change | -11.25% | 85.33% | 13230.18% |
TOTAL ASSETS | |||
Total Short-Term Assets | $2.846M | $3.668M | $884.8K |
Total Long-Term Assets | $34.26M | $35.41M | $19.11M |
Total Assets | $37.11M | $39.08M | $19.99M |
YoY Change | -9.1% | 95.47% | 6536.23% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $578.6K | ||
YoY Change | 60.71% | ||
Accrued Expenses | $1.212M | $1.383M | $31.98K |
YoY Change | 4128.33% | 4223.3% | |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $884.0K | $884.0K | $2.185M |
YoY Change | -75.38% | -59.55% | 246.86% |
Long-Term Debt Due | $376.5K | $376.5K | $2.000M |
YoY Change | -88.86% | -81.17% | |
Total Short-Term Liabilities | $2.473M | $2.643M | $2.822M |
YoY Change | -91.92% | -6.33% | 161.83% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Other Long-Term Liabilities | $8.100K | $12.51K | $35.29K |
YoY Change | -73.23% | -64.55% | |
Total Long-Term Liabilities | $8.100K | $12.51K | $35.29K |
YoY Change | -73.23% | -64.55% | |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $2.473M | $2.643M | $2.822M |
Total Long-Term Liabilities | $8.100K | $12.51K | $35.29K |
Total Liabilities | $2.481M | $2.656M | $2.857M |
YoY Change | -91.9% | -7.05% | 165.1% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$24.12M | -$21.98M | -$8.664M |
YoY Change | 138.56% | 153.74% | 50.11% |
Common Stock | $200.1K | $194.8K | $1.424M |
YoY Change | -86.14% | -86.33% | 248.13% |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $34.63M | $36.43M | $17.14M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $37.11M | $39.08M | $19.99M |
YoY Change | -9.1% | 95.47% | 6536.23% |
Cashflow Statement
Concept | 2022 Q4 | 2022 Q3 | 2021 Q3 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$2.131M | -$7.822M | -$1.160M |
YoY Change | 47.5% | 574.23% | 258.85% |
Depreciation, Depletion And Amortization | $1.225M | $1.229M | |
YoY Change | |||
Cash From Operating Activities | -$615.4K | -$786.6K | -$526.2K |
YoY Change | -9.6% | 49.48% | 209.54% |
INVESTING ACTIVITIES | |||
Capital Expenditures | -$35.97K | -$245.2K | $23.31K |
YoY Change | -74.98% | -1152.04% | |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | -$1.060K | $4.710K | -$43.38K |
YoY Change | -116.04% | -110.86% | |
Cash From Investing Activities | $34.90K | -$240.5K | -$20.06K |
YoY Change | -125.44% | 1099.0% | |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | -4.650K | 1.646M | 639.5K |
YoY Change | -100.25% | 157.38% | 699.41% |
NET CHANGE | |||
Cash From Operating Activities | -615.4K | -786.6K | -526.2K |
Cash From Investing Activities | 34.90K | -240.5K | -20.06K |
Cash From Financing Activities | -4.650K | 1.646M | 639.5K |
Net Change In Cash | -585.2K | 618.9K | 93.25K |
YoY Change | -155.93% | 563.71% | -203.61% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$615.4K | -$786.6K | -$526.2K |
Capital Expenditures | -$35.97K | -$245.2K | $23.31K |
Free Cash Flow | -$579.5K | -$541.4K | -$549.5K |
YoY Change | 7.9% | -1.49% | 223.25% |
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|
9494468 | shares |
aimd |
Weighted Average Number Of Share Outstanding Basic And Diluted1
WeightedAverageNumberOfShareOutstandingBasicAndDiluted1
|
11538013 | shares | |
aimd |
Weighted Average Number Of Share Outstanding Basic And Diluted1
WeightedAverageNumberOfShareOutstandingBasicAndDiluted1
|
5061160 | shares | |
CY2021Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-1160110 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-11875682 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-2443891 | usd | |
CY2022Q3 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
|
-57674 | usd |
CY2021Q3 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
|
6838 | usd |
us-gaap |
Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
|
-281420 | usd | |
us-gaap |
Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
|
6838 | usd | |
CY2022Q3 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-7879430 | usd |
CY2021Q3 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-1153272 | usd |
us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-12157102 | usd | |
us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-2437053 | usd | |
CY2022Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
6006320 | usd |
CY2022Q3 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
1780204 | usd |
CY2022Q3 | us-gaap |
Conversion Of Stock Amount Issued1
ConversionOfStockAmountIssued1
|
30442959 | usd |
CY2022Q3 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
6076017 | usd |
CY2022Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-7821756 | usd |
CY2022Q3 | aimd |
Translation Adjustment
TranslationAdjustment
|
-57674 | usd |
CY2022Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
36426070 | usd |
CY2021Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
18205557 | usd |
CY2021Q3 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
64752 | usd |
CY2021Q3 | aimd |
Translation Adjustment
TranslationAdjustment
|
6838 | usd |
CY2021Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
17136360 | usd |
CY2021Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
10197107 | usd |
us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
1780204 | usd | |
us-gaap |
Conversion Of Stock Amount Issued1
ConversionOfStockAmountIssued1
|
30442959 | usd | |
us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
6162902 | usd | |
aimd |
Translation Adjustment
TranslationAdjustment
|
-281420 | usd | |
CY2022Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
36426070 | usd |
CY2020Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-838278 | usd |
us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
139405 | usd | |
us-gaap |
Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
|
20000000 | usd | |
us-gaap |
Conversion Of Stock Amount Issued1
ConversionOfStockAmountIssued1
|
64752 | usd | |
us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
207533 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-2443891 | usd | |
aimd |
Translation Adjustment
TranslationAdjustment
|
6838 | usd | |
CY2021Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
17136360 | usd |
us-gaap |
Profit Loss
ProfitLoss
|
-11875682 | usd | |
us-gaap |
Profit Loss
ProfitLoss
|
-2443891 | usd | |
us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
3608080 | usd | |
us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
1178693 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
6162902 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
207533 | usd | |
aimd |
Stock Issued For Compensationnoncash
StockIssuedForCompensationnoncash
|
0 | usd | |
aimd |
Stock Issued For Compensationnoncash
StockIssuedForCompensationnoncash
|
139405 | usd | |
aimd |
Loss On Disposal Of Fixed Property And Equipment
LossOnDisposalOfFixedPropertyAndEquipment
|
0 | usd | |
aimd |
Loss On Disposal Of Fixed Property And Equipment
LossOnDisposalOfFixedPropertyAndEquipment
|
2227 | usd | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-400198 | usd | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-44643 | usd | |
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
-698295 | usd | |
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
2849 | usd | |
us-gaap |
Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
|
313792 | usd | |
us-gaap |
Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
|
-81921 | usd | |
us-gaap |
Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
|
483660 | usd | |
us-gaap |
Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
|
470598 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-2405741 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-569150 | usd | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
669792 | usd | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
41581 | usd | |
aimd |
Proceeds From Disposal Of Properties And Equipments
ProceedsFromDisposalOfPropertiesAndEquipments
|
0 | usd | |
aimd |
Proceeds From Disposal Of Properties And Equipments
ProceedsFromDisposalOfPropertiesAndEquipments
|
36 | usd | |
us-gaap |
Increase Decrease In Deposit Other Assets
IncreaseDecreaseInDepositOtherAssets
|
-4713 | usd | |
us-gaap |
Increase Decrease In Deposit Other Assets
IncreaseDecreaseInDepositOtherAssets
|
1795 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-665079 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-43340 | usd | |
aimd |
Payments Of Lease Liabilities
PaymentsOfLeaseLiabilities
|
-14896 | usd | |
aimd |
Payments Of Lease Liabilities
PaymentsOfLeaseLiabilities
|
-6815 | usd | |
aimd |
Proceeds From Convertible Notes Payable Non Current
ProceedsFromConvertibleNotesPayableNonCurrent
|
1400000 | usd | |
aimd |
Proceeds From Convertible Notes Payable Non Current
ProceedsFromConvertibleNotesPayableNonCurrent
|
0 | usd | |
us-gaap |
Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
|
0 | usd | |
us-gaap |
Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
|
1232192 | usd | |
us-gaap |
Proceeds From Notes Payable
ProceedsFromNotesPayable
|
800000 | usd | |
us-gaap |
Proceeds From Notes Payable
ProceedsFromNotesPayable
|
0 | usd | |
us-gaap |
Proceeds From Repayments Of Notes Payable
ProceedsFromRepaymentsOfNotesPayable
|
-129405 | usd | |
us-gaap |
Proceeds From Repayments Of Notes Payable
ProceedsFromRepaymentsOfNotesPayable
|
0 | usd | |
aimd |
Net Proceeds From Uplisting In Nasdaq
NetProceedsFromUplistingInNasdaq
|
1780204 | usd | |
aimd |
Total Payments
TotalPayments
|
0 | usd | |
aimd |
Total Payments
TotalPayments
|
62723 | usd | |
aimd |
Acquisition Of Property And Equipment
AcquisitionOfPropertyAndEquipment
|
575567 | usd | |
aimd |
Acquisition Of Property And Equipment
AcquisitionOfPropertyAndEquipment
|
0 | usd | |
aimd |
Increase In Prepaid For Equipments
IncreaseInPrepaidForEquipments
|
33776 | usd | |
aimd |
Net Proceeds From Uplisting In Nasdaq
NetProceedsFromUplistingInNasdaq
|
0 | usd | |
aimd |
Proceeds From Exercise Of Share Options
ProceedsFromExerciseOfShareOptions
|
0 | usd | |
aimd |
Proceeds From Exercise Of Share Options
ProceedsFromExerciseOfShareOptions
|
64752 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
3835903 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
1290129 | usd | |
us-gaap |
Foreign Currency Transaction Gain Before Tax
ForeignCurrencyTransactionGainBeforeTax
|
99435 | usd | |
us-gaap |
Foreign Currency Transaction Gain Before Tax
ForeignCurrencyTransactionGainBeforeTax
|
7047 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
665648 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
684686 | usd | |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
1751499 | usd |
CY2020Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
22245 | usd |
CY2022Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
2417147 | usd |
CY2021Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
706931 | usd |
us-gaap |
Interest Paid Net
InterestPaidNet
|
1872 | usd | |
us-gaap |
Interest Paid Net
InterestPaidNet
|
9363 | usd | |
aimd |
Stock Issued For Compensation Warrant And Option Expense
StockIssuedForCompensationWarrantAndOptionExpense
|
0 | usd | |
aimd |
Stock Issued For Compensation Warrant And Option Expense
StockIssuedForCompensationWarrantAndOptionExpense
|
346938 | usd | |
aimd |
Stock Issued For Acquisition Of Patents
StockIssuedForAcquisitionOfPatents
|
0 | usd | |
aimd |
Stock Issued For Acquisition Of Patents
StockIssuedForAcquisitionOfPatents
|
20000000 | usd | |
aimd |
Issuance Of Convertible Notes For Payables Related Party
IssuanceOfConvertibleNotesForPayablesRelatedParty
|
26000000 | usd | |
aimd |
Issuance Of Convertible Notes For Payables Related Party
IssuanceOfConvertibleNotesForPayablesRelatedParty
|
0 | usd | |
aimd |
Conversion Of Convertible Notes And Accrued Interest Into Common Stock
ConversionOfConvertibleNotesAndAccruedInterestIntoCommonStock
|
30442959 | usd | |
aimd |
Conversion Of Convertible Notes And Accrued Interest Into Common Stock
ConversionOfConvertibleNotesAndAccruedInterestIntoCommonStock
|
0 | usd | |
aimd |
Increase In Prepaid For Equipments
IncreaseInPrepaidForEquipments
|
0 | usd | |
aimd |
Decrease In Prepaid For Equipments
DecreaseInPrepaidForEquipments
|
60449 | usd | |
aimd |
Decrease In Prepaid For Equipments
DecreaseInPrepaidForEquipments
|
0 | usd | |
us-gaap |
Payments For Other Taxes
PaymentsForOtherTaxes
|
669792 | usd | |
us-gaap |
Payments For Other Taxes
PaymentsForOtherTaxes
|
0 | usd | |
aimd |
Underwritten Public Offering
UnderwrittenPublicOffering
|
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><strong>2. </strong><strong>Underwritten Public Offering</strong></p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The Company’s registration statement related to its underwritten public offering (“Offering”) was declared effective on August 8, 2022, and the Company’s common stock and warrants began trading on the Nasdaq Capital Market (“Nasdaq”) on August 9, 2022 under the trading symbols “AIMD” and “AIMDW”, respectively. The Company completed its underwritten public offering of an aggregated 780,000 units at a public offering price of $4.25 per unit. Each unit issued in the offering consisted of one share of common stock and one warrant to purchase one share of common stock at an exercise price of $4.25.</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">In connection with the Offering, the Company’s board of directors on April 29, 2022 and our shareholders on May 16, 2022 approved a 1-for-15 reverse stock split (the “Reverse Stock Split”) of the Company’s common stock and each series of its redeemable convertible notes to be consummated prior to the effectiveness of the Offering The par value and authorized shares of the Company’s common stock were not adjusted as a result of the Reverse Stock Split. All issued and outstanding common stock, RSUs, warrants and options to purchase common stock and per share amounts contained in the financial statements have been retroactively adjusted to give effect to the Reverse Stock Split for all periods presented.</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The Company filed an amended Restated Certificate of Formation with the Secretary of State of Texas on August 8, 2022 that effectuated the Reverse Stock Split.</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Additional information regarding the Offering and Reverse Stock Split can be found below in Note 5 of the Notes to Financial Statements.</p> | ||
CY2022Q3 | us-gaap |
Shares Issued
SharesIssued
|
780000 | shares |
CY2022Q3 | aimd |
Exercise Price Of Share
ExercisePriceOfShare
|
425000 | usd |
CY2022Q3 | us-gaap |
Preferred Units Offering Costs
PreferredUnitsOfferingCosts
|
425000 | usd |
CY2022Q3 | aimd |
Convertible Debts
ConvertibleDebts
|
145066 | usd |
aimd |
Warrant Conversion
WarrantConversion
|
966174 | shares | |
us-gaap |
Proceeds From Decommissioning Fund
ProceedsFromDecommissioningFund
|
1800000 | usd | |
CY2022Q3 | us-gaap |
Debt Instrument Convertible Conversion Price1
DebtInstrumentConvertibleConversionPrice1
|
4.68 | |
aimd |
Equity Incentive Plans
EquityIncentivePlans
|
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><strong>6. </strong><strong>Equity Incentive Plans </strong></p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><strong><em>2018 Employee Stock Option Plan (the “2018-ESOP”)</em></strong></p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">On September 26, 2018, the Board adopted the Company 2018 Employee Stock Option Plan (the “2018-ESOP”), formerly referred to as the “Amarillo Biosciences, Inc., 2018 Employee Stock Option Plan” in prior filings. The 2018-ESOP provides for the grant of Qualified Incentive Stock Options to the Company’s employees. Qualified options automatically became non-qualified options effective September 26, 2019 and was governed under the 2018-NQSOP described below because the plan was not ratified by our shareholders. The maximum number of shares of common stock authorized under the plan was 66,666 shares. The option price per share of common stock deliverable upon the exercise of an incentive stock option was 100% of the fair market value of a share on the date of grant. The option price is $5.7 per share and the options are exercisable during a period of ten years from the date of grant, where the options vest 20% annually over five years, commencing one year from date of grant.</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Effective as of October 6, 2021, with the adoption by the Board of the 2021 SIP, no further awards may be granted under the 2018-ESOP.</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><strong><em>2018 Officers, Directors, Employees, and Consultants Nonqualified Stock Option Plan (the “2018-NQSOP”)</em></strong></p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">On September 26, 2018, the Board adopted the Company 2018 Officers, Directors, Employees, and Consultants Nonqualified Stock Option Plan (the “2018-NQSOP”), formerly referred to as the “Amarillo Biosciences, Inc., 2018 Officers, Directors, Employees, and Consultants Nonqualified Stock Option Plan” in prior filings. The 2018-NQSOP provides for the grant of nonqualified incentive stock options to employees. The 2018-NQSOP is administered by the Board or by the Compensation Committee as constituted from time to time. The maximum number of shares of common stock which may be issued under the 2018-NQSOP is 266,666 which will be reserved for issuance upon exercise of options. The option price for the nonqualified options is $5.73 exercisable for a period of ten years, with a vesting period of five years at 20% per year commencing one year from date of grant.</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Effective as of October 6, 2021, with the adoption by the Board of the 2021 SIP, no further awards may be granted under the 2018-NQSOP. As of September 30, 2022, options to acquire 36,666 shares of common stock remained outstanding.</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><strong><em>2021 Employee Stock Purchase Plan</em></strong></p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">On September 28, 2021, the Board and on May 16, 2022 our shareholders, respectively, approved the 2021 Employee Stock Purchase Plan (the “2021 ESPP” or “Plan”). The purpose of the 2021 ESPP is to provide an opportunity for eligible employees of the company and its designated companies (as defined in the Plan) to purchase common stock at a discount through voluntary contributions, thereby attracting, retaining and rewarding such persons and strengthening the mutuality of interest between such persons and the Company’s stockholders. The Company intends for offerings under the Plan to qualify as an “employee stock purchase plan” under Section 423 of the Code; provided, that the Plan administrator may also authorize the grant of rights under offerings that are not intended to comply with the requirements of Section 423, pursuant to any rules, procedures, agreements, appendices, or sub-plans adopted by the administrator. Subject to adjustments as provided in the Plan, the maximum number of shares of common stock that may be issued under the Plan may not exceed 50,000 shares. Such shares may be authorized but unissued shares, treasury shares or shares purchased in the open market. The Plan is subject to approval by the Company’s stockholders within twelve months after the date of Board approval. The Plan will become effective on the date that stockholder approval is obtained, and will continue in effect until it expires on the tenth anniversary of the effective date of the Plan, unless terminated earlier.</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><strong><em>2021 Stock Incentive Plan</em></strong></p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">On September 28, 2021, the Board and on May 16, 2022 our shareholders, respectively, approved the 2021 Stock Incentive Plan (the “2021 SIP” or “Plan”). The purpose of the 2021 SIP is to provide a means through which the Company, and the other members of the Company Group, defined by Section 2(n) of the Plan as the Company and its subsidiaries, and any other affiliate of the Company designated as a member of the Company Group by the Committee, may attract and retain key personnel, and to provide a means whereby directors, officers, employees, consultants and advisors of the Company and the other members of the Company Group can acquire and maintain an equity interest in the Company, or be paid incentive compensation measured by reference to the value of common stock, thereby strengthening their commitment to the interests of the Company Group and aligning their interests with those of the Company’s stockholders. The types of awards that may be granted from the Plan include individually or collectively, any Incentive Stock Option, Nonqualified Stock Option, Stock Appreciation Right, Restricted Stock, Restricted Stock Unit, Dividend Equivalent Rights and Other Equity-Based Award granted under the Plan. The Plan will be effective upon shareholder approval. The expiration date of the Plan, on and after which date no awards may be granted, will be the tenth anniversary of the date of Board approval of the Plan, provided, however, that such expiration will not affect awards then outstanding, and the terms and conditions of the Plan will continue to apply to such Awards. The aggregate number of shares which may be issued pursuant to awards under the Plan is 1,333,333 shares of Common Stock (the “Plan Share Reserve”), subject to adjustments as provided in the Plan. The number of shares underlying any award granted under 2018 ESOP or 2018 NQSOP (the “Prior Plans”) that expires, terminates or is canceled or forfeited for any reason whatsoever under the terms of the Prior Plans, will increase the Plan Share Reserve. Each Award granted under the Plan will reduce the Plan Share Reserve by the number of shares underlying the award. No more than 666,666 shares may be issued in the aggregate pursuant to the exercise of incentive stock options granted under the Plan. The maximum number of shares subject to awards granted during a single fiscal year to any non-employee director, taken together with any cash fees paid to such director during the fiscal year, will not exceed $600,000 in total value (calculating the value of any such awards based on their grant date fair value for financial reporting purposes).</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="font-size:10pt;font-family:times new roman;margin:0px">On July 28, 2022, the Company granted 533,332 and 88,000 Restricted Stock Units (the “RSUs”), after giving effect to the Reverse Stock Split, under the 2021 SIP to employees and non-employee directors, respectively. The RSUs shall vest in accordance to the respective employment agreements entered into by each of the employees and the 2021 Non-employee Director Compensation Policy relative to the non-employee directors.</p><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><strong><em>Restricted Stock Units</em></strong></p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="font-size:10pt;font-family:times new roman;margin:0px">RSUs entitle the recipient to be paid out an equal number of common stock shares upon vesting. The fair value of RSUs is based on market price of the underlying stock on the date of grant. A summary of the Company’s RSU activity and related information for the nine months ended September 30, 2022 is as follows:</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><table cellpadding="0" style="border-spacing:0;text-align:left;font:10pt times new roman;margin-left:auto;margin-right:auto;width:85%"><tbody><tr style="height:15px"><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;">Number of RSUs</p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;">Weighted-</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;">Average Grant </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;">Date Fair Value </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;">Per RSU</p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:left;">Balance as of December 31,2021</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">N/A</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:left;">RSUs granted</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">621,332</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">11.10</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:left;">RSUs vested</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">(533,332</td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">)</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">11.10</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:left;">RSUs canceled</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">-</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">N/A</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:left;">Balance as of September 30, 2022</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">88,000</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">11.10</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr></tbody></table><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The aggregate fair value of RSU awards that vested in the three- and nine-month periods ended September 30, 2022 was $1 million. The grant date fair value of awards that vested in the three- and nine-month periods ended September 30, 2022 was $5.9 million.</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><strong><em>Warrants</em></strong></p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">As of September 30, 2022, following warrants are outstanding:</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Pursuant to the Offering on August 9, 2022, the Company issued 780,000 units at a public offering price of $4.25 per unit. Each unit issued in the offering consisted of one share of common stock and one warrant to purchase one share of common stock at an exercise price of $4.25. </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Pursuant to an underwriting agreement, dated August 8, 2022, by and between the Company and Maxim Group LLC (“Maxim”), as representative of the underwriters, Maxim partially exercised the option to purchase 117,000 additional warrants at a price per warrant of $0.01.</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Pursuant to the underwriting agreement the Company issued representative warrants to the Maxim, as representative of the underwriters, to purchase 39,000 shares of common stock at an exercise price of $4.675, effective from February 5, 2023 until August 8, 2027.</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">On November 25, 2020, the Company issued a warrant to i2China Management Group, LLC, a related party of the Company since August 1, 2021. The warrant entitles the holder to purchase 30,174 shares $3.98 and expires on November 24, 2025. </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><strong><em>Share-Based Compensation</em></strong></p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The share-based compensation for the three months ended September 30, 2022 and 2021 were $6,076,017 and $19,322, respectively; and compensation for the nine months ended September 30, 2022 and 2021 were $6,162,902 and $ 207,533, respectively.</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">As of September 30, 2022, the total unrecognized compensation cost related to outstanding RSUs, stock options and warrant was $1,197,230, which the Company expects to recognize over a weighted-average period of 1.61 years.</p> | ||
CY2022Q3 | aimd |
Aggregate Fair Value Of Rsu
AggregateFairValueOfRsu
|
1000000 | usd |
CY2022Q3 | aimd |
Grant Date Fair Value
GrantDateFairValue
|
5900000 | usd |
CY2022Q3 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
6076017 | usd |
CY2021Q3 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
19322 | usd |
us-gaap |
Dividends Sharebased Compensation Stock
DividendsSharebasedCompensationStock
|
6162902 | usd | |
us-gaap |
Dividends Sharebased Compensation Stock
DividendsSharebasedCompensationStock
|
207533 | usd | |
CY2022Q3 | aimd |
Unrecognised Stock Options And Warrants
UnrecognisedStockOptionsAndWarrants
|
1197230 | usd |
CY2022Q1 | us-gaap |
Debt Instrument Annual Principal Payment
DebtInstrumentAnnualPrincipalPayment
|
3000000 | usd |
CY2022Q1 | us-gaap |
Convertible Notes Payable
ConvertibleNotesPayable
|
800000 | usd |
srt |
Interest Bearing Liabilities Average Rate Paid
InterestBearingLiabilitiesAverageRatePaid
|
0.0185 | pure | |
CY2022Q3 | us-gaap |
Other Notes Payable
OtherNotesPayable
|
3042959 | usd |
CY2022Q3 | aimd |
Converted Shares Of Common Stock
ConvertedSharesOfCommonStock
|
1014319 | usd |
CY2022Q3 | us-gaap |
Other Notes Payable
OtherNotesPayable
|
1260526 | usd |
us-gaap |
Interest Expense
InterestExpense
|
44674 | usd | |
us-gaap |
Interest Expense
InterestExpense
|
32775 | usd | |
CY2022Q3 | us-gaap |
Accumulated Deferred Investment Tax Credit
AccumulatedDeferredInvestmentTaxCredit
|
28517 | usd |
CY2021Q4 | us-gaap |
Accumulated Deferred Investment Tax Credit
AccumulatedDeferredInvestmentTaxCredit
|
28673 | usd |
CY2022Q3 | us-gaap |
Convertible Notes Payable
ConvertibleNotesPayable
|
26000000 | usd |
CY2022Q1 | us-gaap |
Convertible Notes Payable
ConvertibleNotesPayable
|
1400000 | usd |
aimd |
Non Current Convertible Notes Payable
NonCurrentConvertibleNotesPayable
|
27400000 | usd | |
us-gaap |
Common Stock Dividends Shares
CommonStockDividendsShares
|
8058818 | shares | |
CY2021Q2 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
6666666 | shares |
CY2021Q2 | us-gaap |
Shares Issued Price Per Share
SharesIssuedPricePerShare
|
3 | |
CY2021Q2 | aimd |
Common Stock Authorized
CommonStockAuthorized
|
300000000 | shares |
CY2021Q2 | aimd |
Issued And Outstanding Shares Of Common Stock Ownership Percentage
IssuedAndOutstandingSharesOfCommonStockOwnershipPercentage
|
0.7030 | pure |
CY2022Q3 | aimd |
Repurchase Agreements Interest Expense Amount1
RepurchaseAgreementsInterestExpenseAmount1
|
26000000 | usd |