2023 Q3 Form 10-Q Financial Statement

#000183999823000007 Filed on November 14, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2022 Q4 2022 Q3
Revenue $336.3M $0.00 $0.00
YoY Change
Cost Of Revenue $310.9M $267.6M
YoY Change 16.16%
Gross Profit $25.41M -$267.6M
YoY Change -109.49%
Gross Profit Margin 7.56%
Selling, General & Admin $25.20M
YoY Change
% of Gross Profit 99.17%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $6.368M
YoY Change
% of Gross Profit 25.06%
Operating Expenses $25.20M $889.6K $969.2K
YoY Change 2500.09% -5.65% 144.18%
Operating Profit -$24.39M -$969.2K
YoY Change 2416.71% 144.18%
Interest Expense $1.532M $3.134M $1.770M
YoY Change -13.45% 37710.37% 25741.9%
% of Operating Profit
Other Income/Expense, Net -$3.309M $146.0K $4.736M
YoY Change -169.86% -60.31% 29.7%
Pretax Income -$28.86M $2.391M $3.767M
YoY Change -866.08% -521.88% 15.74%
Income Tax $315.0K $647.9K $361.2K
% Of Pretax Income 27.1% 9.59%
Net Earnings -$1.792M $1.743M $3.406M
YoY Change -152.61% -407.56% 4.64%
Net Earnings / Revenue -0.53%
Basic Earnings Per Share -$0.61 $0.00
Diluted Earnings Per Share -$0.61 $0.04 $81.70K
COMMON SHARES
Basic Shares Outstanding 6.614M shares 0.000 shares
Diluted Shares Outstanding 6.614M shares 0.000 shares

Balance Sheet

Concept 2023 Q3 2022 Q4 2022 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $77.69M $374.3K $231.2K
YoY Change 33500.19% -53.41% -73.81%
Cash & Equivalents $51.65M $374.3K $231.2K
Short-Term Investments $26.03M
Other Short-Term Assets $3.445M $86.62K $211.7K
YoY Change 1527.38% -81.51% -56.28%
Inventory $37.84M $36.48M
Prepaid Expenses $86.62K $211.7K
Receivables $141.0M $136.1M
Other Receivables $36.75M $28.20M
Total Short-Term Assets $298.4M $460.9K $442.9K
YoY Change 67272.62% -63.76% -67.6%
LONG-TERM ASSETS
Property, Plant & Equipment $82.38M $31.98M
YoY Change -2.05%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $338.4M $335.5M
YoY Change 1.47% 0.61%
Other Assets $7.055M $0.00 $0.00
YoY Change -100.0% -100.0%
Total Long-Term Assets $95.62M $338.4M $335.5M
YoY Change -71.5% 1.44% 0.54%
TOTAL ASSETS
Total Short-Term Assets $298.4M $460.9K $442.9K
Total Long-Term Assets $95.62M $338.4M $335.5M
Total Assets $394.0M $338.9M $336.0M
YoY Change 17.28% 1.2% 0.27%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $120.4M $2.606M $1.868M
YoY Change 6344.24% 153.34% 529.79%
Accrued Expenses $40.55M
YoY Change
Deferred Revenue $0.00
YoY Change -100.0%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $630.0K
YoY Change
Total Short-Term Liabilities $167.9M $2.606M $1.868M
YoY Change 8888.1% 153.34% 529.79%
LONG-TERM LIABILITIES
Long-Term Debt $80.43M $0.00 $0.00
YoY Change
Other Long-Term Liabilities $10.33M $12.55M $12.69M
YoY Change -18.6% -40.89% -41.22%
Total Long-Term Liabilities $90.76M $12.55M $12.69M
YoY Change 614.99% -40.89% -41.22%
TOTAL LIABILITIES
Total Short-Term Liabilities $167.9M $2.606M $1.868M
Total Long-Term Liabilities $90.76M $12.55M $12.69M
Total Liabilities $300.9M $15.73M $14.56M
YoY Change 1966.55% -29.33% -33.49%
SHAREHOLDERS EQUITY
Retained Earnings -$341.4M -$14.20M -$13.51M
YoY Change 2425.87% -31.97% -33.46%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$341.3M -$14.20M -$13.51M
YoY Change
Total Liabilities & Shareholders Equity $394.0M $338.9M $336.0M
YoY Change 17.28% 1.2% 0.27%

Cashflow Statement

Concept 2023 Q3 2022 Q4 2022 Q3
OPERATING ACTIVITIES
Net Income -$1.792M $1.743M $3.406M
YoY Change -152.61% -407.56% 4.64%
Depreciation, Depletion And Amortization $6.368M
YoY Change
Cash From Operating Activities -$4.900M -$99.96K -$183.1K
YoY Change 2576.13% 25.59% 182.74%
INVESTING ACTIVITIES
Capital Expenditures $9.527M
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$336.7M $243.1K $123.6K
YoY Change -272499.68%
Cash From Investing Activities -$346.2M $243.1K $123.6K
YoY Change -280207.61%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 376.2M 0.000 0.000
YoY Change
NET CHANGE
Cash From Operating Activities -4.900M -99.96K -183.1K
Cash From Investing Activities -346.2M 243.1K 123.6K
Cash From Financing Activities 376.2M 0.000 0.000
Net Change In Cash 25.10M 143.1K -59.50K
YoY Change -42279.83% -279.78% -8.12%
FREE CASH FLOW
Cash From Operating Activities -$4.900M -$99.96K -$183.1K
Capital Expenditures $9.527M
Free Cash Flow -$14.43M
YoY Change

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aonc Temporary Equity Stock Issued During Period Shares New Issues
TemporaryEquityStockIssuedDuringPeriodSharesNewIssues
6500000 shares
us-gaap Temporary Equity Stock Issued During Period Value New Issues
TemporaryEquityStockIssuedDuringPeriodValueNewIssues
62897000 usd
us-gaap Dividends Preferred Stock
DividendsPreferredStock
8174000 usd
aonc Stock Issued During Period Value Derivative Feature
StockIssuedDuringPeriodValueDerivativeFeature
9725000 usd
aonc Stockholders Equity Tax Distributions
StockholdersEquityTaxDistributions
1305000 usd
us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
134000 usd
aonc Other Comprehensive Income Loss Net Of Tax Including Portion Attributable To Noncontrolling Interest Before Recapitalization
OtherComprehensiveIncomeLossNetOfTaxIncludingPortionAttributableToNoncontrollingInterestBeforeRecapitalization
178000 usd
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
4874000 usd
aonc Net Income Loss Portion Attributable To Parent Before Recapitalization
NetIncomeLossPortionAttributableToParentBeforeRecapitalization
-27081000 usd
CY2023Q3 aonc Temporary Equity Shares Reverse Recapitalization
TemporaryEquitySharesReverseRecapitalization
152000 shares
CY2023Q3 aonc Temporary Equity Value Reverse Recapitalization
TemporaryEquityValueReverseRecapitalization
2089000 usd
CY2023Q3 aonc Redeemable Noncontrolling Interest Reverse Recapitalization
RedeemableNoncontrollingInterestReverseRecapitalization
36873000 usd
CY2023Q3 aonc Stock Issued During Period Value Reverse Recapitalization
StockIssuedDuringPeriodValueReverseRecapitalization
-35429000 usd
CY2023Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
9000 usd
CY2023Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
2000 usd
CY2023Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-11924000 usd
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
-1792000 usd
CY2023Q3 aonc Redeemable Noncontrolling Interest Equity Fair Value Adjustment
RedeemableNoncontrollingInterestEquityFairValueAdjustment
344371000 usd
CY2023Q3 aonc Adjustments To Additional Paid In Capital Fair Value Adjustment Redeemable Noncontrolling Interest
AdjustmentsToAdditionalPaidInCapitalFairValueAdjustmentRedeemableNoncontrollingInterest
-344371000 usd
CY2023Q3 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
369329000 usd
CY2023Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-341223000 usd
CY2022Q2 us-gaap Members Equity
MembersEquity
55090000 usd
CY2022Q3 aonc Net Income Loss Including Portion Attributable To Noncontrolling Interest Before Recapitalization
NetIncomeLossIncludingPortionAttributableToNoncontrollingInterestBeforeRecapitalization
5607000 usd
CY2022Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
5000 usd
CY2022Q3 us-gaap Members Equity
MembersEquity
60625000 usd
CY2021Q4 us-gaap Members Equity
MembersEquity
59544000 usd
aonc Net Income Loss Including Portion Attributable To Noncontrolling Interest Before Recapitalization
NetIncomeLossIncludingPortionAttributableToNoncontrollingInterestBeforeRecapitalization
1227000 usd
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
15000 usd
aonc Other Comprehensive Income Loss Net Of Tax Including Portion Attributable To Noncontrolling Interest Before Recapitalization
OtherComprehensiveIncomeLossNetOfTaxIncludingPortionAttributableToNoncontrollingInterestBeforeRecapitalization
-161000 usd
CY2022Q3 us-gaap Members Equity
MembersEquity
60625000 usd
us-gaap Profit Loss
ProfitLoss
-40797000 usd
us-gaap Profit Loss
ProfitLoss
1227000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
6368000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
5318000 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
570000 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
458000 usd
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
75000 usd
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
0 usd
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
6194000 usd
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
7766000 usd
aonc Gain Loss On Warrant And Derivative Net
GainLossOnWarrantAndDerivativeNet
-9334000 usd
aonc Gain Loss On Warrant And Derivative Net
GainLossOnWarrantAndDerivativeNet
0 usd
us-gaap Share Based Compensation
ShareBasedCompensation
4875000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
15000 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-251000 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
0 usd
us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
2000 usd
us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
0 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
4941000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
15223000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
1367000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-876000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
775000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-641000 usd
us-gaap Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
8546000 usd
us-gaap Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
211000 usd
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
2107000 usd
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
376000 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
13889000 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
9586000 usd
us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
8744000 usd
us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
4456000 usd
us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
6290000 usd
us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
-1563000 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-5625000 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-8252000 usd
aonc Increase Decrease In Advances
IncreaseDecreaseInAdvances
0 usd
aonc Increase Decrease In Advances
IncreaseDecreaseInAdvances
-3742000 usd
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
1410000 usd
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
654000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-6160000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
1630000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
9527000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
5051000 usd
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
5000 usd
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
1137000 usd
us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
20824000 usd
us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
11949000 usd
us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
4933000 usd
us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
1956000 usd
us-gaap Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
0 usd
us-gaap Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
243000 usd
us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
740000 usd
us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
1091000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-24673000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-13059000 usd
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0 usd
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
16250000 usd
us-gaap Proceeds From Issuance Of Redeemable Convertible Preferred Stock
ProceedsFromIssuanceOfRedeemableConvertiblePreferredStock
64996000 usd
us-gaap Proceeds From Issuance Of Redeemable Convertible Preferred Stock
ProceedsFromIssuanceOfRedeemableConvertiblePreferredStock
0 usd
aonc Payments Of Preferred Returns And Tax Distributions
PaymentsOfPreferredReturnsAndTaxDistributions
9481000 usd
aonc Payments Of Preferred Returns And Tax Distributions
PaymentsOfPreferredReturnsAndTaxDistributions
0 usd
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
387000 usd
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
321000 usd
us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
134000 usd
us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
0 usd
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
446000 usd
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
171000 usd
aonc Business Combination To Reverse Recaptialization
BusinessCombinationToReverseRecaptialization
-1494000 usd
aonc Business Combination To Reverse Recaptialization
BusinessCombinationToReverseRecaptialization
0 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
55560000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
15758000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
24727000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
4329000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
26926000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
32354000 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
51653000 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
36683000 usd
aonc Reverse Recapitalization Deferred Offering Costs
ReverseRecapitalizationDeferredOfferingCosts
2745000 usd
aonc Reverse Recapitalization Deferred Offering Costs
ReverseRecapitalizationDeferredOfferingCosts
0 usd
aonc Lease Right Of Use Asset And Liability Reduction From Lease Terminations
LeaseRightOfUseAssetAndLiabilityReductionFromLeaseTerminations
-1254000 usd
aonc Lease Right Of Use Asset And Liability Reduction From Lease Terminations
LeaseRightOfUseAssetAndLiabilityReductionFromLeaseTerminations
0 usd
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
0 usd
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
159000 usd
aonc Disposal Of Property Plant And Equipment In Exchange For Reduction Of Capital Lease Liability
DisposalOfPropertyPlantAndEquipmentInExchangeForReductionOfCapitalLeaseLiability
0 usd
aonc Disposal Of Property Plant And Equipment In Exchange For Reduction Of Capital Lease Liability
DisposalOfPropertyPlantAndEquipmentInExchangeForReductionOfCapitalLeaseLiability
72000 usd
CY2023Q3 aonc Number Of Oncology Practices
NumberOfOncologyPractices
33 practice
CY2023Q3 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
19 state
CY2023Q3 aonc Recapitalization Exchange Ratio Units
RecapitalizationExchangeRatioUnits
2524000 shares
us-gaap Net Income Loss From Continuing Operations Available To Common Shareholders Basic
NetIncomeLossFromContinuingOperationsAvailableToCommonShareholdersBasic
-1700000 usd
CY2023Q3 us-gaap Net Income Loss From Continuing Operations Available To Common Shareholders Basic
NetIncomeLossFromContinuingOperationsAvailableToCommonShareholdersBasic
-1700000 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-11900000 usd
CY2023Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-11900000 usd
CY2023Q3 aonc Net Income Loss Including Portion Attributable To Noncontrolling Interest Before Recapitalization
NetIncomeLossIncludingPortionAttributableToNoncontrollingInterestBeforeRecapitalization
-15500000 usd
aonc Net Income Loss Including Portion Attributable To Noncontrolling Interest Before Recapitalization
NetIncomeLossIncludingPortionAttributableToNoncontrollingInterestBeforeRecapitalization
-27000000 usd
CY2022Q3 aonc Net Income Loss Including Portion Attributable To Noncontrolling Interest Before Recapitalization
NetIncomeLossIncludingPortionAttributableToNoncontrollingInterestBeforeRecapitalization
5600000 usd
aonc Net Income Loss Including Portion Attributable To Noncontrolling Interest Before Recapitalization
NetIncomeLossIncludingPortionAttributableToNoncontrollingInterestBeforeRecapitalization
1200000 usd
us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-top:10pt;padding-left:31.5pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Accounting Estimates and Assumptions </span></div><div style="margin-top:10pt;padding-left:31.5pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting periods. Actual results could differ from those estimates.</span></div>
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 segment
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
aonc Stock Issuance Expense
StockIssuanceExpense
800000 usd
CY2022Q4 us-gaap Deferred Offering Costs
DeferredOfferingCosts
300000 usd
CY2023Q3 us-gaap Class Of Warrant Or Right Number Of Securities Called By Each Warrant Or Right
ClassOfWarrantOrRightNumberOfSecuritiesCalledByEachWarrantOrRight
1 shares
CY2023Q3 aonc Reverse Recapitalization Equity Conversion Ratio
ReverseRecapitalizationEquityConversionRatio
1
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0
CY2023Q3 aonc Cash And Cash Equivalents Acquired Through Reverse Recapitalization
CashAndCashEquivalentsAcquiredThroughReverseRecapitalization
1493000 usd
CY2023Q3 aonc Current Liabilities Assumed In Reverse Recapitalization
CurrentLiabilitiesAssumedInReverseRecapitalization
13295000 usd
CY2023Q3 aonc Noncurrent Liabilities Assumed In Reverse Recapitalization
NoncurrentLiabilitiesAssumedInReverseRecapitalization
6791000 usd
CY2023Q3 aonc Reverse Recapitalization Net
ReverseRecapitalizationNet
-18593000 usd
aonc Gain Loss On Reverse Recapitalization
GainLossOnReverseRecapitalization
18200000 usd
CY2023Q3 aonc Reverse Recapitalization Transaction Costs
ReverseRecapitalizationTransactionCosts
13000000 usd
CY2023Q3 aonc Cash Cash Equivalents And Available For Sale Debt Securities Amortized Cost
CashCashEquivalentsAndAvailableForSaleDebtSecuritiesAmortizedCost
73612000 usd
CY2023Q3 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
114000 usd
CY2023Q3 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
42000 usd
CY2023Q3 aonc Cash Cash Equivalents And Available For Sale Debt Securities
CashCashEquivalentsAndAvailableForSaleDebtSecurities
73684000 usd
CY2022Q4 aonc Cash Cash Equivalents And Available For Sale Debt Securities Amortized Cost
CashCashEquivalentsAndAvailableForSaleDebtSecuritiesAmortizedCost
10077000 usd
CY2022Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
12000 usd
CY2022Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
129000 usd
CY2022Q4 aonc Cash Cash Equivalents And Available For Sale Debt Securities
CashCashEquivalentsAndAvailableForSaleDebtSecurities
9960000 usd
CY2023Q3 aonc Rebates Receivable Current
RebatesReceivableCurrent
36556000 usd
CY2022Q4 aonc Rebates Receivable Current
RebatesReceivableCurrent
27955000 usd
CY2023Q3 aonc Other Miscellaneous Receivables Net Current
OtherMiscellaneousReceivablesNetCurrent
191000 usd
CY2022Q4 aonc Other Miscellaneous Receivables Net Current
OtherMiscellaneousReceivablesNetCurrent
246000 usd
CY2023Q3 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
36747000 usd
CY2022Q4 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
28201000 usd
CY2023Q3 us-gaap Inventory Net
InventoryNet
37844000 usd
CY2022Q4 us-gaap Inventory Net
InventoryNet
36476000 usd
CY2023Q3 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
59552000 usd
CY2022Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
49328000 usd
CY2023Q3 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
23312000 usd
CY2022Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
17348000 usd
CY2023Q3 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
36240000 usd
CY2022Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
31980000 usd
CY2023Q3 us-gaap Customer Refund Liability Current
CustomerRefundLiabilityCurrent
14521000 usd
CY2022Q4 us-gaap Customer Refund Liability Current
CustomerRefundLiabilityCurrent
14544000 usd
CY2023Q3 aonc Deferred Social Security Taxes Current
DeferredSocialSecurityTaxesCurrent
0 usd
CY2022Q4 aonc Deferred Social Security Taxes Current
DeferredSocialSecurityTaxesCurrent
378000 usd
CY2023Q3 us-gaap Sales And Excise Tax Payable Current And Noncurrent
SalesAndExciseTaxPayableCurrentAndNoncurrent
2700000 usd
CY2022Q4 us-gaap Sales And Excise Tax Payable Current And Noncurrent
SalesAndExciseTaxPayableCurrentAndNoncurrent
0 usd
CY2023Q3 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
630000 usd
CY2022Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
425000 usd
CY2023Q3 us-gaap Other Sundry Liabilities Current
OtherSundryLiabilitiesCurrent
5126000 usd
CY2022Q4 us-gaap Other Sundry Liabilities Current
OtherSundryLiabilitiesCurrent
2453000 usd
CY2023Q3 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
22977000 usd
CY2022Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
17800000 usd
CY2023Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
81250000 usd
CY2022Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
81250000 usd
CY2023Q3 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
825000 usd
CY2022Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
949000 usd
CY2023Q3 us-gaap Long Term Debt
LongTermDebt
80425000 usd
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
80301000 usd
CY2023Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.011
CY2022Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0
CY2023Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
315000 usd
CY2022Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 usd
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.008
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
315000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 usd
CY2023Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
46138000 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
43724000 usd
CY2023Q3 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
2791000 usd
CY2022Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
1998000 usd
CY2023Q3 aonc Lease Right Of Use Asset
LeaseRightOfUseAsset
48929000 usd
CY2022Q4 aonc Lease Right Of Use Asset
LeaseRightOfUseAsset
45722000 usd
CY2023Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
7123000 usd
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
9177000 usd
CY2023Q3 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
630000 usd
CY2022Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
425000 usd
CY2023Q3 aonc Finance And Operating Lease Liability Current
FinanceAndOperatingLeaseLiabilityCurrent
7753000 usd
CY2022Q4 aonc Finance And Operating Lease Liability Current
FinanceAndOperatingLeaseLiabilityCurrent
9602000 usd
CY2023Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
42261000 usd
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
37224000 usd
CY2023Q3 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
2126000 usd
CY2022Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
1619000 usd
CY2023Q3 aonc Lease Liability
LeaseLiability
52140000 usd
CY2022Q4 aonc Lease Liability
LeaseLiability
48445000 usd
CY2023Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
2820000 usd
CY2022Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
3161000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
8361000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
9297000 usd
CY2023Q3 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
122000 usd
CY2022Q3 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
185000 usd
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
354000 usd
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
413000 usd
CY2023Q3 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
35000 usd
CY2022Q3 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
19000 usd
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
79000 usd
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
60000 usd
CY2023Q3 us-gaap Variable Lease Cost
VariableLeaseCost
560000 usd
CY2022Q3 us-gaap Variable Lease Cost
VariableLeaseCost
862000 usd
us-gaap Variable Lease Cost
VariableLeaseCost
1742000 usd
us-gaap Variable Lease Cost
VariableLeaseCost
2232000 usd
CY2023Q3 us-gaap Lease Cost
LeaseCost
3537000 usd
CY2022Q3 us-gaap Lease Cost
LeaseCost
4227000 usd
us-gaap Lease Cost
LeaseCost
10536000 usd
us-gaap Lease Cost
LeaseCost
12002000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
1679000 usd
CY2023Q3 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
188000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
10940000 usd
CY2023Q3 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
753000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
9830000 usd
CY2023Q3 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
731000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
9413000 usd
CY2023Q3 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
492000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
8194000 usd
CY2023Q3 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
428000 usd
CY2023Q3 aonc Lessee Operating Lease Liability To Be Paid Due After Year Four
LesseeOperatingLeaseLiabilityToBePaidDueAfterYearFour
24154000 usd
CY2023Q3 aonc Finance Lease Liability To Be Paid Due After Year Four
FinanceLeaseLiabilityToBePaidDueAfterYearFour
528000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
64210000 usd
CY2023Q3 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
3120000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
14826000 usd
CY2023Q3 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
364000 usd
CY2023Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
49384000 usd
CY2023Q3 us-gaap Finance Lease Liability
FinanceLeaseLiability
2756000 usd
CY2023Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
7123000 usd
CY2023Q3 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
630000 usd
CY2023Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
42261000 usd
CY2023Q3 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
2126000 usd
CY2023Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P7Y3D
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P5Y8M4D
CY2023Q3 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P5Y
CY2022Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P5Y4M13D
CY2023Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0656
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0488
CY2023Q3 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0512
CY2022Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0360
us-gaap Operating Lease Payments
OperatingLeasePayments
7678000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
9788000 usd
us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
79000 usd
us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
60000 usd
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
387000 usd
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
321000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
9862000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
9771000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
1103000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
0 usd
CY2023Q3 aonc Lessee Finance Lease Lease Not Yet Commenced Number Of Leases
LesseeFinanceLeaseLeaseNotYetCommencedNumberOfLeases
2 lease
CY2023Q3 aonc Lessee Finance Lease Lease Not Yet Commenced Liability
LesseeFinanceLeaseLeaseNotYetCommencedLiability
3800000 usd
aonc Financing Receivable Amortization Period
FinancingReceivableAmortizationPeriod
P60M
CY2023Q3 aonc Financing Receivable Borrowing Rate
FinancingReceivableBorrowingRate
0.0714
CY2022Q4 aonc Financing Receivable Borrowing Rate
FinancingReceivableBorrowingRate
0.0157
CY2023Q3 us-gaap Notes Receivable Net
NotesReceivableNet
3134000 usd
CY2022Q4 us-gaap Notes Receivable Net
NotesReceivableNet
3873000 usd
CY2023Q3 us-gaap Notes And Loans Receivable Net Current
NotesAndLoansReceivableNetCurrent
1630000 usd
CY2022Q4 us-gaap Notes And Loans Receivable Net Current
NotesAndLoansReceivableNetCurrent
1797000 usd
CY2023Q3 us-gaap Notes And Loans Receivable Net Noncurrent
NotesAndLoansReceivableNetNoncurrent
1504000 usd
CY2022Q4 us-gaap Notes And Loans Receivable Net Noncurrent
NotesAndLoansReceivableNetNoncurrent
2076000 usd
CY2023Q3 us-gaap Members Capital
MembersCapital
65000000 usd
us-gaap Preferred Stock Dividend Rate Percentage
PreferredStockDividendRatePercentage
0.08
CY2023Q3 us-gaap Members Capital
MembersCapital
65000000 usd
us-gaap Preferred Stock Dividend Rate Percentage
PreferredStockDividendRatePercentage
0.08
CY2023Q3 us-gaap Members Capital
MembersCapital
65000000 usd
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
6614229 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
6614229 shares
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.61
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.61
aonc Stockholders Equity Redemption Ratio
StockholdersEquityRedemptionRatio
1
CY2023Q3 us-gaap Redeemable Noncontrolling Interest Equity Redemption Value
RedeemableNoncontrollingInterestEquityRedemptionValue
369300000 usd
CY2023Q3 aonc Redeemable Noncontrolling Interest Equity Excess Over Carrying Amount
RedeemableNoncontrollingInterestEquityExcessOverCarryingAmount
344300000 usd

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aonc-302certceoexhibit311.htm Edgar Link pending
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