2023 Q3 Form 10-Q Financial Statement

#000121390023070438 Filed on August 24, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2
Revenue $845.0K $1.896M
YoY Change -37.31% -38.46%
Cost Of Revenue $619.0K $1.264M
YoY Change -23.86% 9.06%
Gross Profit $226.0K $632.0K
YoY Change -57.76% -67.12%
Gross Profit Margin 26.75% 33.33%
Selling, General & Admin $1.662M $1.681M
YoY Change -8.58% -11.71%
% of Gross Profit 735.4% 265.98%
Research & Development $691.0K $669.0K
YoY Change -4.43% -1.04%
% of Gross Profit 305.75% 105.85%
Depreciation & Amortization $10.00K $6.000K
YoY Change 11.11% -40.0%
% of Gross Profit 4.42% 0.95%
Operating Expenses $2.353M $2.350M
YoY Change -7.4% -8.91%
Operating Profit -$2.127M -$1.718M
YoY Change 6.03% 161.09%
Interest Expense $161.0K $171.0K
YoY Change -180.1% -117.17%
% of Operating Profit
Other Income/Expense, Net $0.00 $296.0K
YoY Change -100.0% -129.72%
Pretax Income -$870.0K -$1.593M
YoY Change -60.58% -3.69%
Income Tax
% Of Pretax Income
Net Earnings -$867.0K -$1.593M
YoY Change -60.72% -3.69%
Net Earnings / Revenue -102.6% -84.02%
Basic Earnings Per Share -$0.32 -$0.68
Diluted Earnings Per Share -$0.32 -$0.68
COMMON SHARES
Basic Shares Outstanding 2.708M shares 1.942M shares
Diluted Shares Outstanding 2.686M shares 2.333M shares

Balance Sheet

Concept 2023 Q3 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $940.0K $3.382M
YoY Change -90.85% -72.63%
Cash & Equivalents $682.0K $2.573M
Short-Term Investments $250.0K $809.0K
Other Short-Term Assets $1.070M $924.0K
YoY Change -17.63% -51.45%
Inventory $2.698M $1.808M
Prepaid Expenses
Receivables $720.0K $1.759M
Other Receivables $0.00 $0.00
Total Short-Term Assets $5.415M $7.873M
YoY Change -63.28% -56.92%
LONG-TERM ASSETS
Property, Plant & Equipment $66.00K $70.00K
YoY Change -38.89% -29.29%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $5.680M $5.631M
YoY Change 285.87% 375.99%
Total Long-Term Assets $5.743M $5.701M
YoY Change 263.48% 344.7%
TOTAL ASSETS
Total Short-Term Assets $5.415M $7.873M
Total Long-Term Assets $5.743M $5.701M
Total Assets $11.16M $13.57M
YoY Change -31.65% -30.6%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.190M $1.918M
YoY Change 156.74% 15.61%
Accrued Expenses $2.080M $2.302M
YoY Change -2.53% 13.85%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $1.229M $1.223M
YoY Change 58.17% 59.24%
Total Short-Term Liabilities $6.631M $6.716M
YoY Change 18.6% 3.69%
LONG-TERM LIABILITIES
Long-Term Debt $3.180M $3.456M
YoY Change -27.3% -24.28%
Other Long-Term Liabilities $25.00K $32.00K
YoY Change -51.92% -47.54%
Total Long-Term Liabilities $3.585M $5.469M
YoY Change -30.67% 2.7%
TOTAL LIABILITIES
Total Short-Term Liabilities $6.631M $6.716M
Total Long-Term Liabilities $3.585M $5.469M
Total Liabilities $10.22M $12.19M
YoY Change -5.07% 3.25%
SHAREHOLDERS EQUITY
Retained Earnings -$37.76M -$36.89M
YoY Change 22.11% 28.48%
Common Stock $38.60M $1.000K
YoY Change 3859400.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $838.0K $1.285M
YoY Change
Total Liabilities & Shareholders Equity $11.16M $13.57M
YoY Change -31.65% -30.6%

Cashflow Statement

Concept 2023 Q3 2023 Q2
OPERATING ACTIVITIES
Net Income -$867.0K -$1.593M
YoY Change -60.72% -3.69%
Depreciation, Depletion And Amortization $10.00K $6.000K
YoY Change 11.11% -40.0%
Cash From Operating Activities -$2.250M -$1.234M
YoY Change 12.84% -50.14%
INVESTING ACTIVITIES
Capital Expenditures $10.00K $0.00
YoY Change -155.56% -100.0%
Acquisitions
YoY Change
Other Investing Activities $760.0K $1.011M
YoY Change 25233.33% 429.32%
Cash From Investing Activities $750.0K $1.011M
YoY Change -5100.0% 432.11%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -190.0K 3.022M
YoY Change -1.55% -79.16%
NET CHANGE
Cash From Operating Activities -2.250M -1.234M
Cash From Investing Activities 750.0K 1.011M
Cash From Financing Activities -190.0K 3.022M
Net Change In Cash -1.690M 2.799M
YoY Change -23.25% -77.09%
FREE CASH FLOW
Cash From Operating Activities -$2.250M -$1.234M
Capital Expenditures $10.00K $0.00
Free Cash Flow -$2.260M -$1.234M
YoY Change 14.37% -50.12%

Facts In Submission

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-155000 usd
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
227000 usd
us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
-36000 usd
us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
378000 usd
us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
-17000 usd
us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
136000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-2939000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-3782000 usd
asns Short Term Deposits
ShortTermDeposits
810000 usd
asns Short Term Deposits
ShortTermDeposits
-71000 usd
asns Long Term Restricted Bank Deposits
LongTermRestrictedBankDeposits
-125000 usd
us-gaap Payments To Acquire Longterm Investments
PaymentsToAcquireLongtermInvestments
5000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
3000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
16000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
677000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-87000 usd
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
10000 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
3500000 usd
us-gaap Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
18712000 usd
us-gaap Payments For Repurchase Of Initial Public Offering
PaymentsForRepurchaseOfInitialPublicOffering
291000 usd
us-gaap Payments For Repurchase Of Initial Public Offering
PaymentsForRepurchaseOfInitialPublicOffering
2175000 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
50000 usd
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
389000 usd
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
316000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
2780000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
16221000 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
-10000 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
-739000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
508000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
12352000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
4279000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
795000 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
4787000 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
13147000 usd
CY2023Q2 us-gaap Cash And Cash Equivalents At Carrying Value Including Discontinued Operations
CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations
2573000 usd
CY2022Q2 us-gaap Cash And Cash Equivalents At Carrying Value Including Discontinued Operations
CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations
12286000 usd
CY2022Q2 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
770000 usd
CY2023Q2 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
2214000 usd
CY2022Q2 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
91000 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
4787000 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
13147000 usd
us-gaap Interest Paid Net
InterestPaidNet
351000 usd
us-gaap Interest Paid Net
InterestPaidNet
424000 usd
asns Issuance Costs Of Common Stock Prefunded Warrants And Warrants
IssuanceCostsOfCommonStockPrefundedWarrantsAndWarrants
104000 usd
CY2023Q2 us-gaap Lines Of Credit Fair Value Disclosure
LinesOfCreditFairValueDisclosure
2000000 usd
asns Incurred Losses
IncurredLosses
3488000 usd
CY2022 asns Incurred Losses
IncurredLosses
10982000 usd
asns Negative Cash Flows From Operations
NegativeCashFlowsFromOperations
2939000 usd
CY2022 asns Negative Cash Flows From Operations
NegativeCashFlowsFromOperations
7768000 usd
CY2023Q2 us-gaap Retained Earnings Appropriated
RetainedEarningsAppropriated
36890000 usd
us-gaap Dividends Cash
DividendsCash
3836000 usd
CY2023Q2 us-gaap Restricted Cash And Investments
RestrictedCashAndInvestments
4444000 usd
CY2022Q2 us-gaap Shares Issued
SharesIssued
421250 shares
CY2022Q2 us-gaap Excess Stock Shares Issued
ExcessStockSharesIssued
46250 shares
CY2022Q2 us-gaap Sale Of Stock Price Per Share
SaleOfStockPricePerShare
40
us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
15400000 usd
us-gaap Other Underwriting Expense
OtherUnderwritingExpense
1000000 usd
CY2023Q2 asns Warrants Exercisable Price
WarrantsExercisablePrice
29487 shares
us-gaap Warrant Exercise Price Decrease
WarrantExercisePriceDecrease
50
CY2023Q2 us-gaap Derivative Fair Value Of Derivative Net
DerivativeFairValueOfDerivativeNet
145000 usd
asns Share Based Compensation Arrangement By Share Based Payment Award Fair Values Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValuesAssumptionsExpectedVolatilityRate
0.54 pure
CY2023Q2 asns Riskfree Rate
RiskfreeRate
0.0301 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0 pure
CY2023Q2 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
19.5
us-gaap Stock Redeemed Or Called During Period Shares
StockRedeemedOrCalledDuringPeriodShares
178377 shares
CY2023Q2 us-gaap Long Term Notes And Loans
LongTermNotesAndLoans
2000000 usd
us-gaap Use Of Estimates
UseOfEstimates
<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0.5in"></td><td style="width: 0.25in"><span style="font-size: 10pt">b)</span></td><td><b>Use of estimates in preparation of financial statements </b></td></tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">The preparation of the unaudited condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates, judgments and assumptions that affect the amounts reported in the unaudited condensed consolidated financial statements and accompanying notes. The Company evaluates on an ongoing basis its assumptions, including those related to contingencies, fair values of financial instruments, inventory write-offs, as well as in estimates used in applying the revenue recognition policy. The Company’s management believes that the estimates, judgments, and assumptions used are reasonable based upon information available at the time they are made. These estimates, judgments and assumptions can affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the dates of the unaudited condensed consolidated financial statements, and the reported amounts of revenue and expenses during the reporting periods. Actual results could differ from those estimates.</p>
us-gaap Product Warranty Expense
ProductWarrantyExpense
8000 usd
us-gaap Fair Value Of Assets Acquired
FairValueOfAssetsAcquired
1576000 usd
CY2022 us-gaap Product Warranty Expense
ProductWarrantyExpense
8000 usd
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.5in"></td><td style="width: 0.25in; text-align: left"><span style="font-size: 10pt">e)</span></td><td style="text-align: justify"><b>Concentration of risk</b></td> </tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">Financial instruments that potentially subject the Company to significant concentrations of credit risk consist primarily of cash and cash equivalents, restricted cash, and trade receivables. Cash and cash equivalents and restricted cash are placed with banks and financial institutions in the United States and Israel.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">Management believes that the financial institutions that hold the Company’s investments are financially sound and, accordingly, present minimal credit risk with respect to those investments.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">The Company’s trade receivables are derived primarily from telecommunication operators, the Company’s reseller customers and enterprises located mainly in the United States, Europe, and Asia.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">Credit risk with respect to trade receivables exists to the full extent of the amounts presented in the condensed consolidated financial statements.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">Accounts receivable have been reduced by an allowance for doubtful accounts. The Company maintains the allowance for estimated losses resulting from the inability of the Company’s customers to make required payments. The allowance represents the current estimate of lifetime expected credit losses over the remaining duration of existing accounts receivable considering current market conditions and supportable forecasts when appropriate. The estimate is a result of the Company’s ongoing evaluation of collectability. </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">The Company has major customers, representing as follows:</p><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 1in"> </td> <td style="width: 0.25in"><span style="font-size: 10pt">1.</span></td> <td> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Customer A represented 26% and 5% of the Company Trade receivables balance as of June 30, 2023, and December 31, 2022, respectively. </p></td></tr> <tr style="vertical-align: top"> <td> </td> <td> </td> <td> </td></tr> <tr style="vertical-align: top"> <td> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">2.</span></td> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Customer B represented 14% and 3% of the Company Trade receivables balance as of June 30, 2023, and December 31, 2022, respectively.</span></td></tr> </table><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 1in"> </td> <td style="width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">3.</span></td> <td> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Customer C represented 13% and 29% of the Company Trade receivables balance as of June 30, 2023, and December 31, 2022, respectively. </p></td></tr> <tr style="vertical-align: top"> <td> </td> <td> </td> <td> </td></tr> </table><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"><tr style="vertical-align: top"> <td style="width: 1in"></td><td style="width: 0.25in"><span style="font-size: 10pt">4.</span></td><td style="text-align: justify">Customer D represented 0% and 23% of the Company Trade receivables balance as of June 30, 2023, and December 31, 2022, respectively.</td></tr></table><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"><tr style="vertical-align: top"> <td style="width: 1in"></td><td style="width: 0.25in"><span style="font-size: 10pt">5.</span></td><td style="text-align: justify">Customer E represented 0% and 10% of the Company Trade receivables balance as of June 30, 2023, and December 31, 2022, respectively.</td></tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">The Company does not see any credit risk regarding the major trade receivable balance, as most of the remaining balance was paid off after the balance sheet date.</p>
CY2023Q2 us-gaap Recorded Unconditional Purchase Obligation Amount Of Maturities And Sinking Fund Requirements
RecordedUnconditionalPurchaseObligationAmountOfMaturitiesAndSinkingFundRequirements
10000000 usd
CY2023Q2 us-gaap Inventory Raw Materials
InventoryRawMaterials
969 usd
CY2022Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
593 usd
CY2023Q2 us-gaap Inventory Finished Goods
InventoryFinishedGoods
839 usd
CY2022Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
586 usd
CY2023Q2 us-gaap Inventory Gross
InventoryGross
1808 usd
CY2022Q4 us-gaap Inventory Gross
InventoryGross
1179 usd
CY2023Q2 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
97000 usd
CY2022Q4 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
147000 usd
us-gaap Lease Expiration Date1
LeaseExpirationDate1
2023-10-31
CY2020Q3 us-gaap Amount Of Regulatory Assistance Received1
AmountOfRegulatoryAssistanceReceived1
150000 usd
CY2020Q4 asns New Loan
NewLoan
20000000 ils
CY2020Q4 asns New Loan
NewLoan
6000000 usd
CY2020Q4 us-gaap Financing Receivable Loan In Process
FinancingReceivableLoanInProcess
3000000 usd
CY2021Q1 asns Additional Loan Value
AdditionalLoanValue
2000000 usd
asns Adjustment Of Warrants Granted For Service
AdjustmentOfWarrantsGrantedForService
1500000 usd
CY2021Q4 us-gaap Investment Company Increase From Payment By Affiliate And Gain Loss From Investment In Violation
InvestmentCompanyIncreaseFromPaymentByAffiliateAndGainLossFromInvestmentInViolation
1000000 usd
us-gaap Warrant Down Round Feature Increase Decrease In Equity Amount1
WarrantDownRoundFeatureIncreaseDecreaseInEquityAmount1
1800000 usd
CY2023Q2 us-gaap Certain Loans Acquired In Transfer Accounted For As Debt Securities Outstanding Balance
CertainLoansAcquiredInTransferAccountedForAsDebtSecuritiesOutstandingBalance
4522000 usd
CY2023Q2 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
1215000 usd
CY2023Q2 asns Loan Agreement Value
loanAgreementValue
2000000 usd
CY2023Q2 asns Lessee Operating Lease Liability Payments Due1 Year
LesseeOperatingLeaseLiabilityPaymentsDue1Year
3000 ils
CY2023Q2 asns Lessee Operating Lease Liability Payments Due Two Year
LesseeOperatingLeaseLiabilityPaymentsDueTwoYear
9000 ils
CY2023Q2 asns Lessee Operating Lease Liability Payments Due Three Year
LesseeOperatingLeaseLiabilityPaymentsDueThreeYear
9000 ils
CY2023Q2 asns Lessee Operating Lease Liability Payments Due Four Year
LesseeOperatingLeaseLiabilityPaymentsDueFourYear
9000 ils
CY2023Q2 asns Lessee Operating Lease Liability Payments Due Five Year
LesseeOperatingLeaseLiabilityPaymentsDueFiveYear
9000 ils
CY2023Q2 asns Lessee Operating Lease Liability Payments After Year Five
LesseeOperatingLeaseLiabilityPaymentsAfterYearFive
130000 ils
CY2023Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
-12000 ils
CY2023Q2 asns Total Loans Payments
TotalLoansPayments
157000 ils
CY2023Q2 asns Exchange Rate
ExchangeRate
1
CY2023Q2 asns Exchange Rate
ExchangeRate
3.7
asns Convertible Note Offering Amount
ConvertibleNoteOfferingAmount
3000000 usd
asns Convertible Note Offering Percentage
ConvertibleNoteOfferingPercentage
0.06 pure
CY2022Q2 us-gaap Debt Instrument Interest Rate Effective Percentage
DebtInstrumentInterestRateEffectivePercentage
0.06 pure
CY2022Q1 asns Convertible Note Offered
ConvertibleNoteOffered
3000000 usd
CY2022Q2 us-gaap Convertible Notes Payable Current
ConvertibleNotesPayableCurrent
60000 usd
CY2023Q2 us-gaap Debt Instrument Convertible Liquidation Preference Value
DebtInstrumentConvertibleLiquidationPreferenceValue
50000 usd
asns Conversion Notes Payable
ConversionNotesPayable
1.10 pure
CY2022 asns Addition
Addition
1847000 usd
CY2022 us-gaap Other Comprehensive Income Other Net Of Tax
OtherComprehensiveIncomeOtherNetOfTax
1753000 usd
CY2022 us-gaap Conversion Of Stock Amount Issued1
ConversionOfStockAmountIssued1
3600000 usd
CY2023Q2 us-gaap Other Expenses
OtherExpenses
0 usd
us-gaap Other Expenses
OtherExpenses
0 usd
CY2022Q2 us-gaap Other Expenses
OtherExpenses
678000 usd
us-gaap Other Expenses
OtherExpenses
1753000 usd
us-gaap Credit Derivative Liquidation Proceeds Percentage
CreditDerivativeLiquidationProceedsPercentage
1 pure
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0.89
CY2017Q1 asns Aggregrate Principal Amount
AggregratePrincipalAmount
2000000 usd
CY2021Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
4905 usd
CY2022 asns Change In Fair Value Reported In Statement Of Comprehensive Loss
ChangeInFairValueReportedInStatementOfComprehensiveLoss
1648 usd
CY2022 asns Conversion Of Stock Amount Issued
ConversionOfStockAmountIssued
6553 usd
CY2023Q2 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
0 usd
CY2022Q2 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
0 usd
us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
682000 usd
us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
1648000 usd
CY2022Q4 us-gaap Servicing Asset At Fair Value Amount
ServicingAssetAtFairValueAmount
8000 usd
CY2022Q2 us-gaap Servicing Asset At Fair Value Amount
ServicingAssetAtFairValueAmount
2149000 usd
us-gaap Additions To Other Assets Amount
AdditionsToOtherAssetsAmount
1972000 usd
us-gaap Assets Fair Value Adjustment
AssetsFairValueAdjustment
-396000 usd
us-gaap Assets Fair Value Adjustment
AssetsFairValueAdjustment
1049000 usd
CY2022Q4 asns Conversion To The Companys Common Stock
ConversionToTheCompanysCommonStock
-3190000 usd
CY2023Q2 us-gaap Servicing Asset At Fair Value Amount
ServicingAssetAtFairValueAmount
1584000 usd
CY2022Q4 us-gaap Servicing Asset At Fair Value Amount
ServicingAssetAtFairValueAmount
8000 usd
CY2023Q2 us-gaap Other Nonrecurring Income Expense
OtherNonrecurringIncomeExpense
-396000 usd
us-gaap Other Nonrecurring Income Expense
OtherNonrecurringIncomeExpense
-396000 usd
CY2022Q2 us-gaap Other Nonrecurring Income Expense
OtherNonrecurringIncomeExpense
57000 usd
us-gaap Other Nonrecurring Income Expense
OtherNonrecurringIncomeExpense
1115000 usd
CY2023Q2 us-gaap Billed Contract Receivables
BilledContractReceivables
14300000 usd
CY2023Q2 us-gaap Unbilled Contracts Receivable
UnbilledContractsReceivable
15500000 usd
CY2022 asns Due Amount
DueAmount
221000 usd
asns Liability To Pay Royalties
LiabilityToPayRoyalties
996000 usd
CY2022 asns Liability To Pay Royalties
LiabilityToPayRoyalties
900000 usd
CY2022Q2 asns Total Authorized Shares
TotalAuthorizedShares
42803774 shares
CY2022Q2 asns Non Voting Common Stock
NonVotingCommonStock
2803774 shares
CY2022Q2 us-gaap Preferred Stock Convertible Shares Issuable
PreferredStockConvertibleSharesIssuable
10000000 shares
CY2023Q1 us-gaap Stock Issued During Period Shares Purchase Of Assets
StockIssuedDuringPeriodSharesPurchaseOfAssets
7920 shares
CY2023Q1 us-gaap Stock Issued During Period Shares Purchase Of Assets
StockIssuedDuringPeriodSharesPurchaseOfAssets
7920 shares
CY2023Q1 us-gaap Stock Issued During Period Value Purchase Of Assets
StockIssuedDuringPeriodValuePurchaseOfAssets
50000 usd
CY2023Q1 us-gaap Stock Issued During Period Value Purchase Of Assets
StockIssuedDuringPeriodValuePurchaseOfAssets
50000 usd
CY2023Q1 us-gaap Treasury Stock Common Shares
TreasuryStockCommonShares
10690 shares
CY2023Q1 us-gaap Treasury Stock Common Shares
TreasuryStockCommonShares
10690 shares
CY2023Q2 asns Total Gross Amount
TotalGrossAmount
3500000 usd
CY2023Q2 us-gaap Excess Stock Shares Issued
ExcessStockSharesIssued
190000 shares
CY2023Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2023Q2 us-gaap Stock Issued During Period Shares Purchase Of Assets
StockIssuedDuringPeriodSharesPurchaseOfAssets
754670 shares
CY2023Q2 asns Prefunded Warrants
PrefundedWarrants
754670 shares
CY2023Q2 us-gaap Warrant Exercise Price Decrease
WarrantExercisePriceDecrease
0.0001
us-gaap Fair Value Of Assets Acquired
FairValueOfAssetsAcquired
1576000 usd
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.54 pure
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0349 pure
CY2023Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y6M
CY2023Q2 us-gaap Sale Of Stock Price Per Share
SaleOfStockPricePerShare
3.7
us-gaap Other Comprehensive Income Loss Financial Liability Fair Value Option After Reclassification Adjustment Tax
OtherComprehensiveIncomeLossFinancialLiabilityFairValueOptionAfterReclassificationAdjustmentTax
396000 usd
CY2023Q2 us-gaap Deferred Offering Costs
DeferredOfferingCosts
291000 usd
CY2023Q2 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
66127 shares
asns Warrants Exercise Percentage
WarrantsExercisePercentage
1.25 pure
CY2023Q2 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
4.6313
asns Fair Value Of Warrants
FairValueOfWarrants
104000 usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.56 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0329 pure
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y6M
CY2023Q2 us-gaap Sale Of Stock Price Per Share
SaleOfStockPricePerShare
3.58
asns Total Offering Costs
TotalOfferingCosts
223000 usd
asns Issuance Of Common Stocks
IssuanceOfCommonStocks
172000 usd
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
96458 shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Exercised
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us-gaap Stock Issued During Period Shares Share Based Compensation Forfeited
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us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
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CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
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CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
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2.36
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CY2022Q4 asns Share Based Compensation Arrangement By Outstanding Numbers
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CY2022Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
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16.2
asns Share Based Compensation Arrangement By Share Based Payment Options Grants
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
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CY2023Q2 asns Share Based Compensation Arrangements Weighted Average Exercise Price
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us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Weighted Average Grant Date Fair Value
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29.85
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us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Weighted Average Grant Date Fair Value
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CY2023Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
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us-gaap Stock Option Exercise Price Increase
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us-gaap Stock Option Exercise Price Increase
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CY2023Q2 us-gaap Common Stock Other Shares Outstanding
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81363 shares
CY2023Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
11.65
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asns Revenue From Related Parties Amount
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568000 usd
CY2023Q2 us-gaap Revenue Remaining Performance Obligation
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493000 usd
CY2022Q4 us-gaap Revenue Remaining Performance Obligation
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CY2023Q2 us-gaap Purchase Obligation
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CY2017Q1 us-gaap Convertible Debt
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CY2022Q4 us-gaap Stock Issued During Period Shares Restricted Stock Award Gross
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CY2022Q4 asns Directors Shares Transaction
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dei Amendment Flag
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dei Current Fiscal Year End Date
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dei Entity Central Index Key
EntityCentralIndexKey
0001141284

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