2023 Q4 Form 10-Q Financial Statement

#000121390023087004 Filed on November 14, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3 2022 Q4
Revenue $1.017M $845.0K $2.534M
YoY Change -59.87% -37.31%
Cost Of Revenue $663.0K $619.0K $1.463M
YoY Change -54.68% -23.86%
Gross Profit $354.0K $226.0K $1.071M
YoY Change -66.95% -57.76%
Gross Profit Margin 34.81% 26.75% 42.27%
Selling, General & Admin $1.424M $1.662M $2.358M
YoY Change -39.61% -8.58%
% of Gross Profit 402.26% 735.4% 220.17%
Research & Development $585.0K $691.0K $717.0K
YoY Change -18.41% -4.43%
% of Gross Profit 165.25% 305.75% 66.95%
Depreciation & Amortization $7.000K $10.00K -$6.000K
YoY Change -216.67% 11.11%
% of Gross Profit 1.98% 4.42% -0.56%
Operating Expenses $2.009M $2.353M $3.075M
YoY Change -34.67% -7.4%
Operating Profit -$1.655M -$2.127M -$2.004M
YoY Change -17.42% 6.03%
Interest Expense -$276.0K $161.0K -$478.0K
YoY Change -42.26% -180.1%
% of Operating Profit
Other Income/Expense, Net $0.00
YoY Change -100.0%
Pretax Income -$1.931M -$870.0K -$2.482M
YoY Change -22.2% -60.58%
Income Tax
% Of Pretax Income
Net Earnings -$1.931M -$867.0K -$2.482M
YoY Change -22.2% -60.72%
Net Earnings / Revenue -189.87% -102.6% -97.95%
Basic Earnings Per Share -$0.32
Diluted Earnings Per Share -$0.67 -$0.32 -$0.14
COMMON SHARES
Basic Shares Outstanding 2.716M shares 2.708M shares 17.32M shares
Diluted Shares Outstanding 2.686M shares

Balance Sheet

Concept 2023 Q4 2023 Q3 2022 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $817.0K $940.0K $5.565M
YoY Change -85.32% -90.85%
Cash & Equivalents $620.0K $682.0K $3.943M
Short-Term Investments $197.0K $250.0K $1.622M
Other Short-Term Assets $1.905M $1.070M $1.129M
YoY Change 68.73% -17.63%
Inventory $2.526M $2.698M $1.179M
Prepaid Expenses $198.0K $473.0K
Receivables $664.0K $720.0K $3.034M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $5.912M $5.415M $10.91M
YoY Change -45.8% -63.28% 163.77%
LONG-TERM ASSETS
Property, Plant & Equipment $61.00K $66.00K $80.00K
YoY Change -23.75% -38.89% -22.33%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $5.250M $5.680M $3.832M
YoY Change 37.0% 285.87%
Total Long-Term Assets $5.311M $5.743M $3.912M
YoY Change 35.76% 263.48% 612.57%
TOTAL ASSETS
Total Short-Term Assets $5.912M $5.415M $10.91M
Total Long-Term Assets $5.311M $5.743M $3.912M
Total Assets $11.22M $11.16M $14.82M
YoY Change -24.27% -31.65% 216.37%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.769M $2.190M $1.781M
YoY Change -0.67% 156.74%
Accrued Expenses $2.682M $2.080M $1.190M
YoY Change 125.38% -2.53% 46.37%
Deferred Revenue $389.0K
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $1.335M $1.229M $553.0K
YoY Change 141.41% 58.17% -27.04%
Total Short-Term Liabilities $6.912M $6.631M $6.202M
YoY Change 11.45% 18.6% 4.22%
LONG-TERM LIABILITIES
Long-Term Debt $3.154M $3.180M $4.625M
YoY Change -31.81% -27.3%
Other Long-Term Liabilities $769.0K $25.00K $727.0K
YoY Change 5.78% -51.92% 820.25%
Total Long-Term Liabilities $3.923M $3.585M $5.352M
YoY Change -26.7% -30.67% -58.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $6.912M $6.631M $6.202M
Total Long-Term Liabilities $3.923M $3.585M $5.352M
Total Liabilities $10.84M $10.22M $11.55M
YoY Change -6.22% -5.07% -38.2%
SHAREHOLDERS EQUITY
Retained Earnings -$39.69M -$37.76M -$33.40M
YoY Change 18.82% 22.11% 48.98%
Common Stock $39.92M $38.60M $1.000K
YoY Change 3991600.0% 3859400.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $388.0K $838.0K $3.265M
YoY Change
Total Liabilities & Shareholders Equity $11.22M $11.16M $14.82M
YoY Change -24.27% -31.65% 216.37%

Cashflow Statement

Concept 2023 Q4 2023 Q3 2022 Q4
OPERATING ACTIVITIES
Net Income -$1.931M -$867.0K -$2.482M
YoY Change -22.2% -60.72%
Depreciation, Depletion And Amortization $7.000K $10.00K -$6.000K
YoY Change -216.67% 11.11%
Cash From Operating Activities -$1.387M -$2.250M -$1.992M
YoY Change -30.37% 12.84%
INVESTING ACTIVITIES
Capital Expenditures -$1.000K $10.00K -$34.00K
YoY Change -97.06% -155.56%
Acquisitions
YoY Change
Other Investing Activities $2.390M $760.0K -$3.966M
YoY Change -160.26% 25233.33%
Cash From Investing Activities $2.391M $750.0K -$3.932M
YoY Change -160.81% -5100.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.171M -190.0K -742.0K
YoY Change -257.82% -1.55%
NET CHANGE
Cash From Operating Activities -1.387M -2.250M -1.992M
Cash From Investing Activities 2.391M 750.0K -3.932M
Cash From Financing Activities 1.171M -190.0K -742.0K
Net Change In Cash 2.175M -1.690M -6.666M
YoY Change -132.63% -23.25%
FREE CASH FLOW
Cash From Operating Activities -$1.387M -$2.250M -$1.992M
Capital Expenditures -$1.000K $10.00K -$34.00K
Free Cash Flow -$1.386M -$2.260M -$1.958M
YoY Change -29.21% 14.37%

Facts In Submission

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us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
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us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
62000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
1651000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
271000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-62000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
251000 usd
us-gaap Increase Decrease In Prepaid Expenses Other
IncreaseDecreaseInPrepaidExpensesOther
100000 usd
us-gaap Increase Decrease In Prepaid Expenses Other
IncreaseDecreaseInPrepaidExpensesOther
245000 usd
us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
411000 usd
us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
-1067000 usd
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-262000 usd
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
145000 usd
us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
-185000 usd
us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
406000 usd
us-gaap Increase Decrease In Other Noncurrent Liabilities
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-30000 usd
us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
185000 usd
us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Net Cash Provided By Used In Operating Activities
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asns Short Term Deposits
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1363000 usd
asns Short Term Deposits
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asns Long Term Restricted Bank Deposits
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75000 usd
us-gaap Payments To Acquire Longterm Investments
PaymentsToAcquireLongtermInvestments
2000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
6000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
34000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
1430000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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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
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583000 usd
us-gaap Repayments Of Long Term Debt
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509000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
2586000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
16028000 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
46000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-1190000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
10150000 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
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
3089000 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
10945000 usd
CY2023Q3 us-gaap Cash And Cash Equivalents At Carrying Value Including Discontinued Operations
CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations
682000 usd
CY2022Q3 us-gaap Cash And Cash Equivalents At Carrying Value Including Discontinued Operations
CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations
10206000 usd
CY2022Q3 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
650000 usd
CY2023Q3 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
2407000 usd
CY2022Q3 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
89000 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
3089000 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
10945000 usd
us-gaap Interest Paid Net
InterestPaidNet
512000 usd
us-gaap Interest Paid Net
InterestPaidNet
626000 usd
asns Issuance Costs Of Common Stock Prefunded Warrants And Warrants
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104000 usd
us-gaap Stock Issued1
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314000 usd
us-gaap Interest Costs Incurred
InterestCostsIncurred
4355000 usd
CY2022 us-gaap Interest Costs Incurred
InterestCostsIncurred
10982000 usd
asns Negative Cash Flows From Operations
NegativeCashFlowsFromOperations
5194000 usd
CY2022 asns Negative Cash Flows From Operations
NegativeCashFlowsFromOperations
7768000 usd
CY2023Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-37757000 usd
us-gaap Dividends Cash
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1386000 usd
CY2023Q3 us-gaap Restricted Cash And Investments
RestrictedCashAndInvestments
4457000 usd
CY2022Q2 asns Aggregate Shares
AggregateShares
421250 shares
CY2022Q2 us-gaap Excess Stock Shares Issued
ExcessStockSharesIssued
46250 shares
CY2022Q2 us-gaap Sale Of Stock Price Per Share
SaleOfStockPricePerShare
40
asns Netproceeds
Netproceeds
15400000 usd
us-gaap Other Underwriting Expense
OtherUnderwritingExpense
1000000 usd
CY2023Q3 asns Warrants Exercisable Price
WarrantsExercisablePrice
29487 shares
CY2023Q3 us-gaap Derivative Fair Value Of Derivative Net
DerivativeFairValueOfDerivativeNet
145000 usd
us-gaap Use Of Estimates
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<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0.5in"></td><td style="width: 0.25in">b)</td><td style="text-align: left"><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>
asns Convertible Note Offering Amount
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asns Convertible Note Offering Percentage
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CY2022Q1 asns Convertible Note Offered
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3000000 usd
CY2022Q2 us-gaap Convertible Notes Payable Current
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us-gaap Product Warranty Expense
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CY2022 us-gaap Product Warranty Expense
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us-gaap Concentration Risk Credit Risk
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<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><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 credit losses. 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; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.75in"></td><td style="width: 0.25in; text-align: left"><span style="font-size: 10pt">1.</span></td><td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif">Customer A represented <span style="-sec-ix-hidden: hidden-fact-193">2</span></span>4<span style="font-family: Times New Roman, Times, Serif">% and </span>3<span style="font-family: Times New Roman, Times, Serif">% of the Company Trade receivables balance as of September 30, 2023, and December 31, 2022, respectively.</span></td> </tr></table><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: 0.75in"></td><td style="width: 0.25in; text-align: left"><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 24% and 5% of the Company Trade receivables balance as of September 30, 2023, and December 31, 2022, respectively.</span></td> </tr></table><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: 0.75in"></td><td style="width: 0.25in; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">3.</span></td><td style="text-align: justify">Customer C represented 0% and 29% of the Company Trade receivables balance as of September 30, 2023, and December 31, 2022, respectively.</td> </tr></table><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: 0.75in"></td><td style="width: 0.25in; text-align: left">4.</td><td style="text-align: justify">Customer D represented 0% and 23% of the Company Trade receivables balance as of September 30, 2023, and December 31, 2022, respectively.</td> </tr></table><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: 0.75in"></td><td style="width: 0.25in; text-align: left">5.</td><td style="text-align: justify">Customer E represented 0% and 10% of the Company Trade receivables balance as of September 30, 2023, and December 31, 2022, respectively.</td> </tr></table><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: 0.75in"></td><td style="width: 0.25in; text-align: left"></td><td style="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.</td> </tr></table>
us-gaap Stockholders Equity Reverse Stock Split
StockholdersEquityReverseStockSplit
On April 15, 2022, the Company’s Board of Directors approved a Reverse Stock Split in the ratio of forty-six to-one.
CY2023Q3 us-gaap Debt Instrument Convertible Liquidation Preference Value
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asns Conversion Notes Payable
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CY2023Q3 us-gaap Servicing Asset At Fair Value Amount
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8000 usd
CY2022Q4 us-gaap Servicing Asset At Fair Value Amount
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8000 usd
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us-gaap Other Nonrecurring Income Expense
OtherNonrecurringIncomeExpense
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CY2022Q4 us-gaap Inventory Raw Materials
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CY2023Q3 us-gaap Inventory Finished Goods
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CY2022Q4 us-gaap Inventory Finished Goods
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CY2023Q3 us-gaap Inventory Gross
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CY2022Q4 us-gaap Inventory Gross
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us-gaap Inventory Write Down
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132000 usd
us-gaap Inventory Write Down
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CY2023Q3 us-gaap Inventory Write Down
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CY2022Q3 us-gaap Inventory Write Down
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asns Adjustment Of Warrants Granted For Service
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CY2021Q4 asns Additional Funding Amount Of New Lender
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CY2023Q3 asns Warrant Issued
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CY2023Q3 us-gaap Certain Loans Acquired In Transfer Accounted For As Debt Securities Outstanding Balance
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4249000 usd
CY2023Q3 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
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1220000 usd
CY2023Q3 us-gaap Deposits
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CY2023Q3 us-gaap Long Term Notes And Loans
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us-gaap Assets Fair Value Adjustment
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CY2022 us-gaap Assets Fair Value Adjustment
AssetsFairValueAdjustment
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us-gaap Adjustment Of Warrants Granted For Services
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68000 usd
CY2022Q4 asns Conversion To The Companys Common Stock
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us-gaap Adjustments To Additional Paid In Capital Warrant Issued
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314000 usd
CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
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CY2021Q1 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
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241000 usd
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CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
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61000 usd
CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
9 ils
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
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CY2021Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
1456000 usd
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CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
282000 usd
CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
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3684 ils
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CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
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CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
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CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
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3684 ils
CY2021Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
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963000 usd
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704 ils
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
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CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
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CY2021Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
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963000 usd
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704 ils
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
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CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
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307 ils
CY2021Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
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80000 usd
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
59 ils
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
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4123 ils
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1077000 usd
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961 ils
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250000 usd
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660000 usd
CY2023Q3 asns Exchange Rate
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1
CY2023Q3 asns Exchange Rate
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CY2022Q4 us-gaap Other Additional Capital
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1847000 usd
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3600000 usd
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CY2021Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
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CY2022 asns Conversion Of Stock Amount Issued
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us-gaap Other Comprehensive Income Loss Tax
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us-gaap Other Comprehensive Income Loss Tax
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CY2022Q4 us-gaap Servicing Asset At Fair Value Amount
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CY2021Q4 us-gaap Servicing Asset At Fair Value Amount
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CY2022Q3 us-gaap Other Nonrecurring Income Expense
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CY2023Q3 us-gaap Other Receivables
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CY2022 asns Due Amount
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us-gaap Payments For Royalties
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CY2022 us-gaap Payments For Royalties
PaymentsForRoyalties
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CY2022Q2 us-gaap Preferred Stock Convertible Shares Issuable
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CY2023Q1 us-gaap Stock Issued During Period Shares Purchase Of Assets
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CY2023Q1 us-gaap Stock Issued During Period Shares Purchase Of Assets
StockIssuedDuringPeriodSharesPurchaseOfAssets
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CY2023Q1 us-gaap Stock Issued During Period Value Purchase Of Assets
StockIssuedDuringPeriodValuePurchaseOfAssets
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CY2023Q1 us-gaap Stock Issued During Period Value Purchase Of Assets
StockIssuedDuringPeriodValuePurchaseOfAssets
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CY2023Q1 us-gaap Treasury Stock Common Shares
TreasuryStockCommonShares
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CY2023Q1 us-gaap Treasury Stock Common Shares
TreasuryStockCommonShares
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CY2023Q2 us-gaap Debt Instrument Issued Principal
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CY2023Q2 us-gaap Common Stock Par Or Stated Value Per Share
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CY2023Q2 us-gaap Stock Issued During Period Shares Purchase Of Assets
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CY2023Q2 asns Prefunded Warrants
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CY2023Q2 us-gaap Warrant Exercise Price Decrease
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us-gaap Stock And Warrants Issued During Period Value Preferred Stock And Warrants
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.54 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Outstanding Weighted Average Remaining Contractual Terms
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageRemainingContractualTerms
P5Y1M6D
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExercisePrice
1.1
CY2023Q3 us-gaap Other Nonoperating Expense
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us-gaap Other Nonoperating Expense
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CY2023Q3 us-gaap Other General Expense
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CY2023Q3 asns Exercise Of Prefunded Warrant
ExerciseOfPrefundedWarrant
754670 shares
CY2023Q3 asns Exercise Of Prefunded Warrant
ExerciseOfPrefundedWarrant
754670 shares
CY2023Q3 asns Exercise Price Of Prefunded Warrant
ExercisePriceOfPrefundedWarrant
0.0755
CY2023Q3 asns Exercise Price Of Prefunded Warrant
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0.0755
CY2023Q3 us-gaap Deferred Offering Costs
DeferredOfferingCosts
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CY2023Q3 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
66127 shares
CY2023Q3 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
4.6313
CY2023Q3 us-gaap General Partners Offering Costs
GeneralPartnersOfferingCosts
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us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
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
4.89
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P5Y4M2D
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
400 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
1.48
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Exercised
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercised
2489 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0.9
us-gaap Stock Issued During Period Shares Share Based Compensation Forfeited
StockIssuedDuringPeriodSharesShareBasedCompensationForfeited
3992 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
28.16
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
90377 shares
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
3.94
asns Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm
P4Y5M8D
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
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CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
2.23
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
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CY2023Q3 us-gaap Shares Issued
SharesIssued
39100 shares
CY2022Q4 asns Share Based Compensation Arrangement By Outstanding Numbers
ShareBasedCompensationArrangementByOutstandingNumbers
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CY2022Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
16.2
asns Share Based Compensation Arrangement By Share Based Payment Options Grants
ShareBasedCompensationArrangementByShareBasedPaymentOptionsGrants
39100 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
3.38
CY2023Q3 asns Share Based Compensation Arrangements Weighted Average Exercise Price
ShareBasedCompensationArrangementsWeightedAverageExercisePrice
-16954 shares
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue
18.1
asns Share Based Compensation Arrangement By Forfeited
ShareBasedCompensationArrangementByForfeited
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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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CY2023Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
11.1
asns Convertible Common Stock Outstanding
ConvertibleCommonStockOutstanding
90377 shares
asns Convertible Common Stock Outstanding
ConvertibleCommonStockOutstanding
94018 shares
us-gaap Stock Option Exercise Price Increase
StockOptionExercisePriceIncrease
3.94
us-gaap Stock Option Exercise Price Increase
StockOptionExercisePriceIncrease
4.53
CY2023Q3 us-gaap Common Stock Other Shares Outstanding
CommonStockOtherSharesOutstanding
72945 shares
CY2023Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
11.1
CY2023Q3 us-gaap Net Income Loss
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-867000 usd
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
-2207000 usd
us-gaap Net Income Loss
NetIncomeLoss
-4355000 usd
us-gaap Net Income Loss
NetIncomeLoss
-8500000 usd
CY2023Q3 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
2370486 shares
CY2022Q3 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
1731753 shares
us-gaap Weighted Average Number Of Shares Issued Basic
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1986178 shares
us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
968721 shares
CY2023Q3 asns Pre Funded Warrants To Purchase Common Shares
PreFundedWarrantsToPurchaseCommonShares
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asns Pre Funded Warrants To Purchase Common Shares
PreFundedWarrantsToPurchaseCommonShares
262712 shares
CY2023Q3 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
10890 shares
us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
5345 shares
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
2685626 shares
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1731753 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
2254235 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
968721 shares
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.32
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 pure
CY2023Q3 us-gaap Revenues
Revenues
845000 usd
CY2022Q3 us-gaap Revenues
Revenues
1348000 usd
us-gaap Revenues
Revenues
4589000 usd
us-gaap Revenues
Revenues
6297000 usd
CY2023Q3 asns Contract With Customer Liability Revenue Recognize
ContractWithCustomerLiabilityRevenueRecognize
648000 usd
CY2022Q4 asns Contract With Customer Liability Revenue Recognize
ContractWithCustomerLiabilityRevenueRecognize
673000 usd
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
-494000 usd
CY2022 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
-593000 usd
us-gaap Deferred Revenue Additions
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232000 usd
CY2022 us-gaap Deferred Revenue Additions
DeferredRevenueAdditions
568000 usd
CY2023Q3 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
386000 usd
CY2022Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
648000 usd
CY2023Q3 us-gaap Purchase Obligation
PurchaseObligation
386000 usd
CY2023Q3 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.10 pure
CY2017Q1 us-gaap Convertible Debt
ConvertibleDebt
26000 usd
CY2022Q4 us-gaap Stock Issued During Period Shares Restricted Stock Award Gross
StockIssuedDuringPeriodSharesRestrictedStockAwardGross
59200 shares
CY2022Q4 asns Directors Shares Transaction
DirectorsSharesTransaction
10000 shares
CY2023Q3 us-gaap Deferred Revenue Noncurrent
DeferredRevenueNoncurrent
usd
CY2022Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
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CY2022Q2 us-gaap Stock Redeemed Or Called During Period Value
StockRedeemedOrCalledDuringPeriodValue
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CY2023Q3 us-gaap Stock Issued During Period Value Stock Options Exercised
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CY2023Q3 asns Exercise Of Prefunded Warrants Into Common Stock
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usd
us-gaap Amortization Of Financing Costs
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asns Changes In Fair Value Related To Convertible Loan
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asns Changes In Fair Value Related To Convertible Note
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us-gaap Increase Decrease In Deposit Other Assets
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us-gaap Payments To Acquire Longterm Investments
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us-gaap Proceeds From Issuance Of Common Stock
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us-gaap Proceeds From Issuance Of Private Placement
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us-gaap Payments For Repurchase Of Common Stock
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CY2023Q3 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
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asns Issuance Costs Of Common Stock Prefunded Warrants And Warrants
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us-gaap Stock Issued1
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CY2021Q4 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
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CY2022Q4 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
usd
CY2022Q2 us-gaap Long Term Debt Term
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P3Y
CY2022Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
usd
CY2022 us-gaap Additions To Other Assets Amount
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CY2023Q3 asns Conversion To The Companys Common Stock
ConversionToTheCompanysCommonStock
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CY2022 us-gaap Adjustments To Additional Paid In Capital Warrant Issued
AdjustmentsToAdditionalPaidInCapitalWarrantIssued
usd
CY2022Q3 asns Pre Funded Warrants To Purchase Common Shares
PreFundedWarrantsToPurchaseCommonShares
shares
asns Pre Funded Warrants To Purchase Common Shares
PreFundedWarrantsToPurchaseCommonShares
shares
CY2022Q3 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
shares
us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
shares
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1731753 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
2254235 shares
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
2685626 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
968721 shares
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.32
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Entity Central Index Key
EntityCentralIndexKey
0001141284

Files In Submission

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asns-20230930_def.xml Edgar Link unprocessable
asns-20230930_pre.xml Edgar Link unprocessable
asns-20230930_cal.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable
asns-20230930_lab.xml Edgar Link unprocessable
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0001213900-23-087004-index.html Edgar Link pending
0001213900-23-087004.txt Edgar Link pending
0001213900-23-087004-xbrl.zip Edgar Link pending
asns-20230930.xsd Edgar Link pending
f10q0923ex31-1_actelisnet.htm Edgar Link pending
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