2023 Q1 Form 10-K Financial Statement
#000168316823000938 Filed on February 15, 2023
Income Statement
Concept | 2023 Q1 | 2022 Q4 | 2022 |
---|---|---|---|
Revenue | $0.00 | $5.000K | $382.0K |
YoY Change | -100.0% | -4.5% | |
Cost Of Revenue | $0.00 | $0.00 | $81.00K |
YoY Change | -100.0% | ||
Gross Profit | $0.00 | $5.000K | $301.0K |
YoY Change | -100.0% | -24.75% | |
Gross Profit Margin | 100.0% | 78.8% | |
Selling, General & Admin | $2.131M | $1.888M | $7.789M |
YoY Change | 8.01% | 3.51% | 8.94% |
% of Gross Profit | 37760.0% | 2587.71% | |
Research & Development | $3.036M | $2.523M | $10.04M |
YoY Change | 29.8% | 12.18% | 14.34% |
% of Gross Profit | 50460.0% | 3334.88% | |
Depreciation & Amortization | $20.00K | $310.0K | $77.00K |
YoY Change | 0.0% | 1450.0% | 14.93% |
% of Gross Profit | 6200.0% | 25.58% | |
Operating Expenses | $5.167M | $4.411M | $17.83M |
YoY Change | 19.83% | 8.3% | 11.92% |
Operating Profit | -$5.167M | -$4.406M | -$17.53M |
YoY Change | 28.6% | 8.18% | 12.86% |
Interest Expense | $53.00K | $134.0K | $255.0K |
YoY Change | -177.94% | -281.08% | -314.29% |
% of Operating Profit | |||
Other Income/Expense, Net | $148.0K | $85.00K | |
YoY Change | -317.65% | -171.43% | |
Pretax Income | -$5.019M | -$4.272M | -$17.44M |
YoY Change | 22.83% | 3.01% | 11.46% |
Income Tax | $0.00 | $0.00 | |
% Of Pretax Income | |||
Net Earnings | -$5.019M | -$4.272M | -$17.44M |
YoY Change | 22.83% | 2.57% | 10.99% |
Net Earnings / Revenue | -85440.0% | -4565.71% | |
Basic Earnings Per Share | -$0.21 | -$0.75 | |
Diluted Earnings Per Share | -$0.21 | -$0.18 | -$0.75 |
COMMON SHARES | |||
Basic Shares Outstanding | 23.97M shares | 23.85M shares | 23.16M shares |
Diluted Shares Outstanding | 23.66M shares | 23.16M shares |
Balance Sheet
Concept | 2023 Q1 | 2022 Q4 | 2022 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $17.05M | $21.18M | $21.18M |
YoY Change | -30.26% | -26.19% | -26.19% |
Cash & Equivalents | $12.12M | $21.18M | $21.18M |
Short-Term Investments | $4.934M | ||
Other Short-Term Assets | $303.0K | $418.0K | $418.0K |
YoY Change | -64.18% | 35.28% | 35.28% |
Inventory | |||
Prepaid Expenses | |||
Receivables | |||
Other Receivables | |||
Total Short-Term Assets | $17.36M | $21.60M | $21.60M |
YoY Change | -32.2% | -25.53% | -25.53% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $153.0K | $158.0K | $5.022M |
YoY Change | -97.67% | -19.39% | -27.71% |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $105.0K | $105.0K | $105.0K |
YoY Change | 0.0% | 0.0% | 0.0% |
Total Long-Term Assets | $4.780M | $5.127M | $5.127M |
YoY Change | -28.43% | -27.3% | -27.3% |
TOTAL ASSETS | |||
Total Short-Term Assets | $17.36M | $21.60M | $21.60M |
Total Long-Term Assets | $4.780M | $5.127M | $5.127M |
Total Assets | $22.14M | $26.73M | $26.73M |
YoY Change | -31.42% | -25.88% | -25.88% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $423.0K | $397.0K | $397.0K |
YoY Change | 11.32% | 17.46% | 17.46% |
Accrued Expenses | $242.0K | $173.0K | $1.385M |
YoY Change | -66.3% | -14.78% | 35.78% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | $1.240M | $1.126M | $1.126M |
YoY Change | -11.17% | -19.28% | -19.28% |
Total Short-Term Liabilities | $2.444M | $2.908M | $2.908M |
YoY Change | -2.0% | 5.63% | 5.63% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $2.683M | $2.986M | $2.986M |
YoY Change | -30.67% | -28.19% | -28.19% |
Other Long-Term Liabilities | $475.0K | $521.0K | $521.0K |
YoY Change | -34.48% | -32.16% | -32.16% |
Total Long-Term Liabilities | $3.158M | $3.507M | $3.507M |
YoY Change | -31.27% | -28.81% | -28.81% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $2.444M | $2.908M | $2.908M |
Total Long-Term Liabilities | $3.158M | $3.507M | $3.507M |
Total Liabilities | $5.602M | $6.415M | $6.415M |
YoY Change | -20.98% | -16.46% | -16.46% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$188.3M | -$183.3M | |
YoY Change | 10.52% | ||
Common Stock | $204.8M | $203.6M | |
YoY Change | 4.83% | ||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $16.53M | $20.31M | $20.31M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $22.14M | $26.73M | $26.73M |
YoY Change | -31.42% | -25.88% | -25.88% |
Cashflow Statement
Concept | 2023 Q1 | 2022 Q4 | 2022 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$5.019M | -$4.272M | -$17.44M |
YoY Change | 22.83% | 2.57% | 10.99% |
Depreciation, Depletion And Amortization | $20.00K | $310.0K | $77.00K |
YoY Change | 0.0% | 1450.0% | 14.93% |
Cash From Operating Activities | -$4.234M | -$2.918M | -$12.50M |
YoY Change | 2.99% | -3.92% | 0.47% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $15.00K | $13.00K | $39.00K |
YoY Change | -193.75% | -285.71% | -135.78% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | -$4.942M | ||
YoY Change | |||
Cash From Investing Activities | -$4.957M | -$13.00K | -$39.00K |
YoY Change | 30881.25% | 85.71% | -64.22% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | $125.0K | 828.0K | $5.023M |
YoY Change | -203.31% | -1900.0% | 51.89% |
NET CHANGE | |||
Cash From Operating Activities | -$4.234M | -2.918M | -$12.50M |
Cash From Investing Activities | -$4.957M | -13.00K | -$39.00K |
Cash From Financing Activities | $125.0K | 828.0K | $5.023M |
Net Change In Cash | -$9.066M | -2.103M | -$7.515M |
YoY Change | 113.42% | -31.94% | -18.7% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$4.234M | -$2.918M | -$12.50M |
Capital Expenditures | $15.00K | $13.00K | $39.00K |
Free Cash Flow | -$4.249M | -$2.931M | -$12.54M |
YoY Change | 3.76% | -3.27% | 1.67% |
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22492000 | shares |
CY2022 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
23157000 | shares |
CY2021 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
22492000 | shares |
CY2020Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
37345000 | usd |
CY2021 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
2973000 | usd |
CY2021 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
3534000 | usd |
CY2021 | us-gaap |
Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
|
243000 | usd |
CY2021 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-15714000 | usd |
CY2021Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
28381000 | usd |
CY2022 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
3367000 | usd |
CY2022 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
244000 | usd |
CY2022 | us-gaap |
Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
|
5763000 | usd |
CY2022 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-17441000 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
20314000 | usd |
CY2022 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-17441000 | usd |
CY2021 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-15714000 | usd |
CY2022 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
77000 | usd |
CY2021 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
67000 | usd |
CY2022 | us-gaap |
Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
|
200000 | usd |
CY2021 | us-gaap |
Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
|
186000 | usd |
CY2022 | us-gaap |
Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
|
1229000 | usd |
CY2021 | us-gaap |
Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
|
532000 | usd |
CY2022 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
3367000 | usd |
CY2021 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
2973000 | usd |
CY2022 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
108000 | usd |
CY2021 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
177000 | usd |
CY2022 | us-gaap |
Increase Decrease In Other Accounts Payable
IncreaseDecreaseInOtherAccountsPayable
|
59000 | usd |
CY2021 | us-gaap |
Increase Decrease In Other Accounts Payable
IncreaseDecreaseInOtherAccountsPayable
|
-104000 | usd |
CY2022 | us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
-30000 | usd |
CY2021 | us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
-10000 | usd |
CY2022 | us-gaap |
Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
|
366000 | usd |
CY2021 | us-gaap |
Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
|
-104000 | usd |
CY2022 | us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
-218000 | usd |
CY2021 | us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
-90000 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-12499000 | usd |
CY2021 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-12441000 | usd |
CY2022 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
39000 | usd |
CY2021 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
109000 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-39000 | usd |
CY2021 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-109000 | usd |
CY2022 | us-gaap |
Proceeds From Other Equity
ProceedsFromOtherEquity
|
5763000 | usd |
CY2021 | us-gaap |
Proceeds From Other Equity
ProceedsFromOtherEquity
|
243000 | usd |
CY2022 | us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
244000 | usd |
CY2021 | us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
3534000 | usd |
CY2022 | atom |
Payments Of Principal For Financing Lease
PaymentsOfPrincipalForFinancingLease
|
984000 | usd |
CY2021 | atom |
Payments Of Principal For Financing Lease
PaymentsOfPrincipalForFinancingLease
|
470000 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
5023000 | usd |
CY2021 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
3307000 | usd |
CY2022 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
-7515000 | usd |
CY2021 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
-9243000 | usd |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
28699000 | usd |
CY2020Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
37942000 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
21184000 | usd |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
28699000 | usd |
CY2022 | us-gaap |
Interest Paid Net
InterestPaidNet
|
255000 | usd |
CY2021 | us-gaap |
Interest Paid Net
InterestPaidNet
|
128000 | usd |
CY2022 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
0 | usd |
CY2021 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
66000 | usd |
CY2022 | us-gaap |
Nature Of Operations
NatureOfOperations
|
<p id="xdx_805_eus-gaap--NatureOfOperations_z4EF9LvgXHYf" style="font: 10pt Times New Roman, Times, Serif; margin: 0"><b> </b></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: 29px"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>1.</b></span></td> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_820_zCtDTRUVyF27">NATURE OF OPERATIONS</span></b></span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">Atomera Incorporated (“Atomera” or the “Company”) was incorporated in the state of Delaware in March 2007 under the name MEARS Technologies, Inc. and is engaged in the development, commercialization and licensing of proprietary processes and technologies for the semiconductor industry. On January 12, 2016, the Company changed its name to Atomera Incorporated.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">Atomera is an early-stage company, having only recently begun limited revenue-generating activities, and is devoting substantially all its efforts toward technology research and development and to commercially licensing its technology to designers and manufacturers of integrated circuits.</p> | |
CY2022Q4 | us-gaap |
Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
|
21200000 | usd |
CY2022Q4 | atom |
Working Capital
WorkingCapital
|
18700000 | usd |
CY2022Q2 | us-gaap |
Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
|
50000000 | usd |
CY2022 | us-gaap |
Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
|
0 | usd |
CY2022 | us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<p id="xdx_84C_eus-gaap--ConcentrationRiskCreditRisk_zYJxiJYeY6Jl" style="font: 10pt Times New Roman, Times, Serif; margin: 0"><i><span id="xdx_86F_za7ThYJRsNve">Concentration of Credit Risk and Major Customers</span></i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">Financial instruments, which potentially subject the Company to concentrations of credit risk, consist principally of cash, cash equivalents and accounts receivable. Two customers each represented <span id="xdx_909_eus-gaap--ConcentrationRiskPercentage1_pip0_dp_c20220101__20221231__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__srt--MajorCustomersAxis__custom--OneCustomerMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_zEjkwZ9dLHEg" title="Concentration of credit risk, percentage">79</span>% and <span id="xdx_905_eus-gaap--ConcentrationRiskPercentage1_pip0_dp_c20220101__20221231__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__srt--MajorCustomersAxis__custom--AnotherCustomerMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_zhTerO54kZw2" title="Concentration of credit risk, percentage">20</span>%,of revenue during the year ended December 31, 2022 and one customer represented <span id="xdx_907_eus-gaap--ConcentrationRiskPercentage1_pip0_dp_c20210101__20211231__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__srt--MajorCustomersAxis__custom--OneCustomerMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_zC7QWsDM5yEb" title="Concentration of credit risk, percentage">100</span>% of revenue during the year ended December 31, 2021.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">At times, the amounts on deposit at the financial institution exceed the federally insured limits. Management believes that the financial institution which holds the Company’s cash is financially sound and, accordingly, minimal credit risk exists. As of December 31, 2022 and 2021, the Company’s cash balances were in excess of insured limits maintained at the financial institution.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"> </p> | |
CY2022Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
0 | usd |
CY2021Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
0 | usd |
CY2022 | us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
0 | usd |
CY2021 | us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
0 | usd |
CY2021 | us-gaap |
Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
|
6383000 | usd |
CY2022 | atom |
Remeasurement Of Rightof Use Asset And Liability In Financing Lease Obligations
RemeasurementOfRightofUseAssetAndLiabilityInFinancingLeaseObligations
|
-458000 | usd |
CY2021 | atom |
Remeasurement Of Rightof Use Asset And Liability In Financing Lease Obligations
RemeasurementOfRightofUseAssetAndLiabilityInFinancingLeaseObligations
|
0 | usd |
CY2022Q4 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P3Y7M6D | |
CY2022Q4 | us-gaap |
Income Tax Examination Penalties And Interest Accrued
IncomeTaxExaminationPenaltiesAndInterestAccrued
|
0 | usd |
CY2021Q4 | us-gaap |
Income Tax Examination Penalties And Interest Accrued
IncomeTaxExaminationPenaltiesAndInterestAccrued
|
0 | usd |
CY2022 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<p id="xdx_84E_eus-gaap--UseOfEstimates_zUDLF8R4huk8" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i><span id="xdx_862_zHS2NLadubQ9">Use of estimates</span></i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The preparation of financial statements in conformity with GAAP requires the Company’s 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 period. Significant estimates are used when accounting for revenue recognition, fair value of stock-based compensation and warrants, borrowing rates used for lease accounting and valuation allowance against deferred tax assets. Actual results could differ from those estimates.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"> </p> | |
CY2022Q4 | us-gaap |
Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
|
P3Y1M6D | |
CY2022 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
382000 | usd |
CY2021 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
400000 | usd |
CY2022 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
382000 | usd |
CY2021 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
400000 | usd |
CY2022 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
3349000 | shares |
CY2021 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
3256000 | shares |
CY2022Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
472000 | usd |
CY2021Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
449000 | usd |
CY2022Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
314000 | usd |
CY2021Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
253000 | usd |
CY2022Q4 | us-gaap |
Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
|
158000 | usd |
CY2021Q4 | us-gaap |
Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
|
196000 | usd |
CY2022Q4 | us-gaap |
Property Plant And Equipment Excluding Lessor Asset Under Operating Lease Accumulated Depreciation
PropertyPlantAndEquipmentExcludingLessorAssetUnderOperatingLeaseAccumulatedDepreciation
|
77000 | usd |
CY2021Q4 | us-gaap |
Property Plant And Equipment Excluding Lessor Asset Under Operating Lease Accumulated Depreciation
PropertyPlantAndEquipmentExcludingLessorAssetUnderOperatingLeaseAccumulatedDepreciation
|
67000 | usd |
CY2022 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-17441000 | usd |
CY2022 | us-gaap |
Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
|
1229000 | usd |
CY2021 | us-gaap |
Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
|
532000 | usd |
CY2022 | us-gaap |
Finance Lease Interest Expense
FinanceLeaseInterestExpense
|
255000 | usd |
CY2021 | us-gaap |
Finance Lease Interest Expense
FinanceLeaseInterestExpense
|
128000 | usd |
CY2022 | us-gaap |
Lease Cost
LeaseCost
|
1484000 | usd |
CY2021 | us-gaap |
Lease Cost
LeaseCost
|
660000 | usd |
CY2022 | atom |
Fixed Lease Costs
FixedLeaseCosts
|
248000 | usd |
CY2021 | atom |
Fixed Lease Costs
FixedLeaseCosts
|
238000 | usd |
CY2022 | us-gaap |
Short Term Lease Cost
ShortTermLeaseCost
|
35000 | usd |
CY2021 | us-gaap |
Short Term Lease Cost
ShortTermLeaseCost
|
44000 | usd |
CY2022 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
283000 | usd |
CY2021 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
282000 | usd |
CY2022 | us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
265000 | usd |
CY2021 | us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
143000 | usd |
CY2022 | us-gaap |
Finance Lease Principal Payments
FinanceLeasePrincipalPayments
|
1239000 | usd |
CY2021 | us-gaap |
Finance Lease Principal Payments
FinanceLeasePrincipalPayments
|
598000 | usd |
CY2022 | us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
0 | usd |
CY2021 | us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
382000 | usd |
CY2022Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
2500000 | shares |
CY2021Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
2500000 | shares |
CY2022Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.001 | |
CY2021Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.001 | |
CY2022Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2022Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
CY2021Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2021Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
CY2022Q2 | us-gaap |
Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
|
50000000 | usd |
CY2022Q4 | us-gaap |
Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
|
3000000 | shares |
CY2021 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-15648000 | usd |
CY2022 | us-gaap |
Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
|
0 | usd |
CY2021 | us-gaap |
Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
|
66000 | usd |
CY2022 | us-gaap |
Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
4500000 | usd |
CY2022 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
3367000 | usd |
CY2021 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
2973000 | usd |
CY2022 | us-gaap |
Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
|
78000 | usd |
CY2021 | us-gaap |
Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
|
0 | usd |
CY2021 | atom |
Decrease In Income Tax Valuation Allowance
DecreaseInIncomeTaxValuationAllowance
|
1800000 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
25309000 | usd |
CY2021Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
23097000 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
|
2197000 | usd |
CY2021Q4 | us-gaap |
Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
|
1883000 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Property Plant And Equipment
DeferredTaxAssetsPropertyPlantAndEquipment
|
798000 | usd |
CY2021Q4 | us-gaap |
Deferred Tax Assets Property Plant And Equipment
DeferredTaxAssetsPropertyPlantAndEquipment
|
978000 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
|
1052000 | usd |
CY2021Q4 | us-gaap |
Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
|
799000 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Tax Deferred Expense Reserves And Accruals
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccruals
|
212000 | usd |
CY2021Q4 | us-gaap |
Deferred Tax Assets Tax Deferred Expense Reserves And Accruals
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccruals
|
132000 | usd |
CY2022Q4 | atom |
Deferred Tax Assets Tax Deferred Lease Liability
DeferredTaxAssetsTaxDeferredLeaseLiability
|
1079000 | usd |
CY2021Q4 | atom |
Deferred Tax Assets Tax Deferred Lease Liability
DeferredTaxAssetsTaxDeferredLeaseLiability
|
1430000 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets In Process Research And Development
DeferredTaxAssetsInProcessResearchAndDevelopment
|
1797000 | usd |
CY2021Q4 | us-gaap |
Deferred Tax Assets In Process Research And Development
DeferredTaxAssetsInProcessResearchAndDevelopment
|
0 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Gross
DeferredTaxAssetsGross
|
32444000 | usd |
CY2021Q4 | us-gaap |
Deferred Tax Assets Gross
DeferredTaxAssetsGross
|
28319000 | usd |
CY2022Q4 | atom |
Deferred Tax Liability Tax Right Of Use Asset
DeferredTaxLiabilityTaxRightOfUseAsset
|
1076000 | usd |
CY2021Q4 | atom |
Deferred Tax Liability Tax Right Of Use Asset
DeferredTaxLiabilityTaxRightOfUseAsset
|
1477000 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Liabilities
DeferredTaxLiabilities
|
1076000 | usd |
CY2021Q4 | us-gaap |
Deferred Tax Liabilities
DeferredTaxLiabilities
|
1477000 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
31368000 | usd |
CY2021Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
26842000 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
0 | usd |
CY2021Q4 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
0 | usd |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.2100 | pure |
CY2021 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.2100 | pure |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
|
0.0351 | pure |
CY2021 | us-gaap |
Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
|
0.0277 | pure |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
-0.2595 | pure |
CY2021 | us-gaap |
Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
0.1141 | pure |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
|
0.0070 | pure |
CY2021 | us-gaap |
Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
|
0.0454 | pure |
CY2022 | atom |
Foreign Withholding Tax
ForeignWithholdingTax
|
0 | pure |
CY2021 | atom |
Foreign Withholding Tax
ForeignWithholdingTax
|
-0.0033 | pure |
CY2022 | atom |
Section382 Limitation
Section382Limitation
|
0 | pure |
CY2021 | atom |
Section382 Limitation
Section382Limitation
|
-0.5159 | pure |
CY2022 | atom |
Section162m Limitation
Section162mLimitation
|
-0.0047 | pure |
CY2021 | atom |
Section162m Limitation
Section162mLimitation
|
-0.0912 | pure |
CY2022 | atom |
Stock Based Compensation Excess Windfall
StockBasedCompensationExcessWindfall
|
0.0120 | pure |
CY2021 | atom |
Stock Based Compensation Excess Windfall
StockBasedCompensationExcessWindfall
|
0.2089 | pure |
CY2022 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0 | pure |
CY2021 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
-0.0042 | pure |
CY2022Q4 | us-gaap |
Income Tax Examination Penalties And Interest Accrued
IncomeTaxExaminationPenaltiesAndInterestAccrued
|
0 | usd |
CY2021Q4 | us-gaap |
Income Tax Examination Penalties And Interest Accrued
IncomeTaxExaminationPenaltiesAndInterestAccrued
|
0 | usd |
CY2022Q4 | us-gaap |
Liability For Uncertain Tax Positions Current
LiabilityForUncertainTaxPositionsCurrent
|
0 | usd |
CY2021Q4 | us-gaap |
Liability For Uncertain Tax Positions Current
LiabilityForUncertainTaxPositionsCurrent
|
0 | usd |
CY2021Q4 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
896000 | usd |
CY2020Q4 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
1070000 | usd |
CY2022 | us-gaap |
Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
|
1000 | usd |
CY2021 | us-gaap |
Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
|
480000 | usd |
CY2022 | us-gaap |
Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
|
151000 | usd |
CY2021 | us-gaap |
Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
|
306000 | usd |
CY2022Q4 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
1046000 | usd |
CY2021Q4 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
896000 | usd |
CY2021Q4 | atom |
Deferred Tax Assets Valuation Allowances
DeferredTaxAssetsValuationAllowances
|
26842000 | usd |
CY2022 | us-gaap |
Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
|
4636000 | usd |
CY2022 | atom |
Valuation Allowance Deferred Tax Asset Change In Amount Deduction
ValuationAllowanceDeferredTaxAssetChangeInAmountDeduction
|
110000 | usd |
CY2022Q4 | atom |
Deferred Tax Assets Valuation Allowances
DeferredTaxAssetsValuationAllowances
|
31368000 | usd |
CY2020Q4 | atom |
Deferred Tax Assets Valuation Allowances
DeferredTaxAssetsValuationAllowances
|
28627000 | usd |
CY2021 | us-gaap |
Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
|
6125000 | usd |
CY2021 | atom |
Valuation Allowance Deferred Tax Asset Change In Amount Deduction
ValuationAllowanceDeferredTaxAssetChangeInAmountDeduction
|
7910000 | usd |
CY2021Q4 | atom |
Deferred Tax Assets Valuation Allowances
DeferredTaxAssetsValuationAllowances
|
26842000 | usd |