2022 Q3 Form 10-Q Financial Statement
#000109690622001792 Filed on August 05, 2022
Income Statement
Concept | 2022 Q3 | 2022 Q2 | 2022 Q1 |
---|---|---|---|
Revenue | $36.00K | $9.000K | $5.000K |
YoY Change | 50.0% | 0.0% | 66.67% |
Cost Of Revenue | $0.00 | $1.000K | $1.000K |
YoY Change | -100.0% | 0.0% | |
Gross Profit | $1.000K | $8.000K | $4.000K |
YoY Change | -95.45% | -11.11% | 100.0% |
Gross Profit Margin | 2.78% | 88.89% | 80.0% |
Selling, General & Admin | $56.00K | $38.00K | $53.00K |
YoY Change | 9.8% | 0.0% | 6.0% |
% of Gross Profit | 5600.0% | 475.0% | 1325.0% |
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $9.000K | $2.000K | $1.000K |
YoY Change | 800.0% | 0.0% | -50.0% |
% of Gross Profit | 900.0% | 25.0% | 25.0% |
Operating Expenses | $191.0K | $41.00K | $54.00K |
YoY Change | 267.31% | 2.5% | 3.85% |
Operating Profit | -$190.0K | -$33.00K | -$50.00K |
YoY Change | 533.33% | 6.45% | 0.0% |
Interest Expense | $11.00K | $3.000K | |
YoY Change | |||
% of Operating Profit | |||
Other Income/Expense, Net | $468.0K | $3.000K | $4.000K |
YoY Change | 735.71% | 300.0% | |
Pretax Income | -$48.00K | -$29.00K | $404.0K |
YoY Change | -284.62% | -6.45% | -924.49% |
Income Tax | |||
% Of Pretax Income | |||
Net Earnings | $313.0K | -$29.00K | $404.0K |
YoY Change | 1103.85% | -6.45% | -924.49% |
Net Earnings / Revenue | 869.44% | -322.22% | 8080.0% |
Basic Earnings Per Share | |||
Diluted Earnings Per Share | -$3.996K | -$2.414K | $33.63K |
COMMON SHARES | |||
Basic Shares Outstanding | 12.01M shares | ||
Diluted Shares Outstanding |
Balance Sheet
Concept | 2022 Q3 | 2022 Q2 | 2022 Q1 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $2.358M | $2.390M | $2.438M |
YoY Change | 15.76% | 18.43% | 17.95% |
Cash & Equivalents | $2.358M | $2.390M | $2.438M |
Short-Term Investments | |||
Other Short-Term Assets | $26.00K | $32.00K | $9.000K |
YoY Change | 23.81% | 6.67% | |
Inventory | |||
Prepaid Expenses | |||
Receivables | $1.000K | $3.000K | $2.000K |
Other Receivables | $0.00 | $0.00 | $0.00 |
Total Short-Term Assets | $2.385M | $2.425M | $2.449M |
YoY Change | 15.72% | 18.41% | 18.42% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $35.00K | $38.00K | $123.0K |
YoY Change | -18.6% | -73.79% | -22.64% |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | |||
YoY Change | |||
Total Long-Term Assets | $106.0K | $115.0K | $123.0K |
YoY Change | -23.19% | -20.69% | -22.64% |
TOTAL ASSETS | |||
Total Short-Term Assets | $2.385M | $2.425M | $2.449M |
Total Long-Term Assets | $106.0K | $115.0K | $123.0K |
Total Assets | $2.491M | $2.540M | $2.572M |
YoY Change | 13.28% | 15.82% | 15.49% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $4.000K | $3.000K | $2.000K |
YoY Change | 100.0% | 200.0% | 100.0% |
Accrued Expenses | $1.073M | $1.073M | $1.103M |
YoY Change | 0.0% | -2.72% | 0.27% |
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 | $1.113M | $1.108M | $1.105M |
YoY Change | 0.36% | 0.36% | 0.36% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Other Long-Term Liabilities | $47.00K | $53.00K | $59.00K |
YoY Change | -34.72% | -32.05% | -29.76% |
Total Long-Term Liabilities | $47.00K | $53.00K | $59.00K |
YoY Change | -34.72% | -32.05% | -29.76% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $1.113M | $1.108M | $1.105M |
Total Long-Term Liabilities | $47.00K | $53.00K | $59.00K |
Total Liabilities | $1.160M | $1.161M | $1.164M |
YoY Change | -1.78% | -1.78% | -1.77% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$12.57M | -$12.52M | |
YoY Change | -2.43% | ||
Common Stock | $121.0K | $121.0K | |
YoY Change | 0.0% | ||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $1.331M | $1.379M | $1.408M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $2.491M | $2.540M | $2.572M |
YoY Change | 13.28% | 15.82% | 15.49% |
Cashflow Statement
Concept | 2022 Q3 | 2022 Q2 | 2022 Q1 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | $313.0K | -$29.00K | $404.0K |
YoY Change | 1103.85% | -6.45% | -924.49% |
Depreciation, Depletion And Amortization | $9.000K | $2.000K | $1.000K |
YoY Change | 800.0% | 0.0% | -50.0% |
Cash From Operating Activities | -$32.00K | -$48.00K | -$33.00K |
YoY Change | -184.21% | -2.04% | -17.5% |
INVESTING ACTIVITIES | |||
Capital Expenditures | |||
YoY Change | |||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $0.00 | $0.00 | $450.0K |
YoY Change | |||
Cash From Investing Activities | $0.00 | $0.00 | $450.0K |
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 | 0.000 | 0.000 | 0.000 |
YoY Change | -100.0% | ||
NET CHANGE | |||
Cash From Operating Activities | -32.00K | -48.00K | -33.00K |
Cash From Investing Activities | 0.000 | 0.000 | 450.0K |
Cash From Financing Activities | 0.000 | 0.000 | 0.000 |
Net Change In Cash | -32.00K | -48.00K | 417.0K |
YoY Change | -268.42% | -2.04% | -1142.5% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$32.00K | -$48.00K | -$33.00K |
Capital Expenditures | |||
Free Cash Flow | |||
YoY Change |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
dei |
Document Type
DocumentType
|
10-Q | ||
dei |
Document Quarterly Report
DocumentQuarterlyReport
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true | ||
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Document Period End Date
DocumentPeriodEndDate
|
2022-06-30 | ||
dei |
Document Transition Report
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false | ||
dei |
Entity File Number
EntityFileNumber
|
1-9030 | ||
dei |
Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
|
DE | ||
dei |
Entity Tax Identification Number
EntityTaxIdentificationNumber
|
84-0989164 | ||
dei |
Entity Address Address Line1
EntityAddressAddressLine1
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700 Colorado Blvd #273 | ||
dei |
Entity Address City Or Town
EntityAddressCityOrTown
|
Denver | ||
dei |
Entity Address State Or Province
EntityAddressStateOrProvince
|
CO | ||
dei |
Entity Address Postal Zip Code
EntityAddressPostalZipCode
|
80206 | ||
dei |
City Area Code
CityAreaCode
|
303 | ||
dei |
Local Phone Number
LocalPhoneNumber
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265-9312 | ||
dei |
Entity Current Reporting Status
EntityCurrentReportingStatus
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Yes | ||
dei |
Entity Interactive Data Current
EntityInteractiveDataCurrent
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Yes | ||
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Entity Filer Category
EntityFilerCategory
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Non-accelerated Filer | ||
dei |
Entity Small Business
EntitySmallBusiness
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true | ||
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Entity Emerging Growth Company
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false | ||
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Entity Shell Company
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false | ||
CY2022Q3 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
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12011401 | shares |
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Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
2390000 | usd |
CY2021Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
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2037000 | usd |
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Accounts Receivable Net
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3000 | usd |
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Accounts Receivable Net
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3000 | usd |
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Other Assets Current
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32000 | usd |
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Other Assets Current
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21000 | usd |
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Assets Current
AssetsCurrent
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2425000 | usd |
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Assets Current
AssetsCurrent
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2061000 | usd |
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Proved Oil And Gas Property Successful Effort Method
ProvedOilAndGasPropertySuccessfulEffortMethod
|
333000 | usd |
CY2021Q3 | us-gaap |
Proved Oil And Gas Property Successful Effort Method
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|
333000 | usd |
CY2022Q2 | us-gaap |
Interest Income Other
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3000 | usd |
CY2022Q2 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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295000 | usd |
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Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
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290000 | usd |
CY2022Q2 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
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38000 | usd |
CY2021Q3 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
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43000 | usd |
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Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
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77000 | usd |
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Operating Lease Right Of Use Asset
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95000 | usd |
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Operating Lease Liability Current
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23000 | usd |
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Accrued Liabilities Current
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Accrued Liabilities Current
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1073000 | usd |
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8000 | usd |
CY2021Q2 | us-gaap |
Interest Income Other
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us-gaap |
Interest Income Other
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3000 | usd | |
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Results Of Operations Revenue From Oil And Gas Producing Activities
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Revenues
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Revenues
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Preferred Stock Par Or Stated Value Per Share
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0.01 | |
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Gain Loss On Sale Of Other Assets
GainLossOnSaleOfOtherAssets
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Gain Loss On Sale Of Other Assets
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Stockholders Equity
StockholdersEquity
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Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
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5000000 | shares |
CY2021Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
1018000 | usd |
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Preferred Stock Shares Authorized
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5000000 | shares |
CY2022Q2 | us-gaap |
Preferred Stock Shares Issued
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Results Of Operations Revenue From Oil And Gas Producing Activities
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Preferred Stock Value
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Common Stock Par Or Stated Value Per Share
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Additional Paid In Capital
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Retained Earnings Accumulated Deficit
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Retained Earnings Accumulated Deficit
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General And Administrative Expense
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123000 | usd | |
us-gaap |
General And Administrative Expense
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122000 | usd | |
CY2022Q2 | us-gaap |
Depreciation Depletion And Amortization
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2000 | usd |
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Depreciation Depletion And Amortization
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us-gaap |
Depreciation Depletion And Amortization
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5000 | usd | |
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Depreciation Depletion And Amortization
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6000 | usd | |
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Operating Expenses
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OtherIncome
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OtherIncome
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4000 | usd | |
us-gaap |
Other Income
OtherIncome
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1000 | usd | |
CY2022Q2 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
3000 | usd |
CY2021Q2 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
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us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
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457000 | usd | |
us-gaap |
Nonoperating Income Expense
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CY2021Q2 | us-gaap |
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Net Income Loss
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361000 | usd | |
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Net Income Loss
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Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.00 | |
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Earnings Per Share Basic And Diluted
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|
-0.00 | |
us-gaap |
Earnings Per Share Basic And Diluted
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0.03 | ||
us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.01 | ||
CY2022Q2 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
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12011401 | shares |
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Weighted Average Number Of Share Outstanding Basic And Diluted
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12141401 | shares |
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Weighted Average Number Of Share Outstanding Basic And Diluted
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12011401 | shares | |
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Weighted Average Number Of Share Outstanding Basic And Diluted
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12141401 | shares | |
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Net Income Loss
NetIncomeLoss
|
361000 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
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-108000 | usd | |
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Gains Losses On Sales Of Assets
GainsLossesOnSalesOfAssets
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450000 | usd | |
us-gaap |
Gains Losses On Sales Of Assets
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0 | usd | |
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
5000 | usd | |
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
6000 | usd | |
us-gaap |
Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
|
11000 | usd | |
us-gaap |
Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
|
10000 | usd | |
us-gaap |
Increase Decrease In Accounts Payable
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1000 | usd | |
us-gaap |
Increase Decrease In Accounts Payable
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-8000 | usd | |
us-gaap |
Increase Decrease In Accrued Liabilities
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-3000 | usd | |
us-gaap |
Increase Decrease In Accrued Liabilities
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-3000 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-97000 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-123000 | usd | |
us-gaap |
Proceeds From Sale Of Other Assets1
ProceedsFromSaleOfOtherAssets1
|
450000 | usd | |
us-gaap |
Proceeds From Sale Of Other Assets1
ProceedsFromSaleOfOtherAssets1
|
0 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
450000 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
0 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
0 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
353000 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
-123000 | usd | |
CY2021Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
2037000 | usd |
CY2020Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
2141000 | usd |
CY2022Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
2390000 | usd |
CY2021Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
2018000 | usd |
CY2021Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
1018000 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
361000 | usd | |
CY2022Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
1379000 | usd |
CY2022Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
1408000 | usd |
CY2022Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-29000 | usd |
CY2021Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
1379000 | usd |