2022 Q3 Form 10-Q Financial Statement

#000143774922020171 Filed on August 11, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022 Q1
Revenue $2.252M $2.132M $1.888M
YoY Change -4.82% -23.91% -26.22%
Cost Of Revenue $1.462M $1.475M $1.364M
YoY Change -6.64% -17.32% -18.08%
Gross Profit $790.0K $657.0K $524.0K
YoY Change -1.25% -35.46% -41.39%
Gross Profit Margin 35.08% 30.82% 27.75%
Selling, General & Admin $3.384M $3.330M $4.148M
YoY Change -13.05% -15.01% 5.15%
% of Gross Profit 428.35% 506.85% 791.6%
Research & Development $1.086M $1.086M $1.072M
YoY Change -22.26% -27.94% -32.92%
% of Gross Profit 137.47% 165.3% 204.58%
Depreciation & Amortization $54.00K $64.00K $15.00K
YoY Change -65.82% -63.84% -92.27%
% of Gross Profit 6.84% 9.74% 2.86%
Operating Expenses $4.470M $4.416M $5.220M
YoY Change -15.48% -18.6% -5.83%
Operating Profit -$3.680M -$3.759M -$4.696M
YoY Change -18.02% -14.7% 1.01%
Interest Expense $407.0K $440.0K $439.0K
YoY Change -2.86% 10.28% 10.86%
% of Operating Profit
Other Income/Expense, Net -$15.00K -$5.000K
YoY Change -100.64% -28.57%
Pretax Income -$4.087M -$4.214M -$5.140M
YoY Change -16.8% 71.86% 1.78%
Income Tax
% Of Pretax Income
Net Earnings -$4.087M -$4.214M -$5.140M
YoY Change -16.8% 71.86% 1.74%
Net Earnings / Revenue -181.48% -197.65% -272.25%
Basic Earnings Per Share -$0.77 -$0.94 -$2.33
Diluted Earnings Per Share -$601.2K -$739.0K -$1.051M
COMMON SHARES
Basic Shares Outstanding 7.040M 5.702M 4.889M
Diluted Shares Outstanding

Balance Sheet

Concept 2022 Q3 2022 Q2 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $17.34M $16.04M $20.01M
YoY Change -24.85% -39.93% -34.3%
Cash & Equivalents $17.30M $16.00M $20.00M
Short-Term Investments
Other Short-Term Assets $652.0K $1.099M $1.315M
YoY Change -2.4% -1.17% -0.38%
Inventory $5.047M $5.178M $5.350M
Prepaid Expenses
Receivables $1.554M $1.279M $1.365M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $24.60M $23.60M $28.04M
YoY Change -17.09% -30.02% -24.7%
LONG-TERM ASSETS
Property, Plant & Equipment $574.0K $520.0K $230.0K
YoY Change 169.48% 46.48% -58.33%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $333.0K $357.0K $406.0K
YoY Change -26.33% -26.54% -14.71%
Total Long-Term Assets $3.356M $3.573M $3.576M
YoY Change -17.6% -20.08% -26.66%
TOTAL ASSETS
Total Short-Term Assets $24.60M $23.60M $28.04M
Total Long-Term Assets $3.356M $3.573M $3.576M
Total Assets $27.95M $27.17M $31.61M
YoY Change -17.15% -28.86% -24.93%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $612.0K $727.0K $1.172M
YoY Change -48.05% -29.89% 49.11%
Accrued Expenses $669.0K $744.0K $816.0K
YoY Change -15.42% -2.62% -4.67%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $7.072M $6.257M $6.007M
YoY Change -4.93% -3.59% -16.97%
LONG-TERM LIABILITIES
Long-Term Debt $13.67M $13.19M $12.73M
YoY Change 15.31% 15.33% 12.43%
Other Long-Term Liabilities $881.0K $745.0K $719.0K
YoY Change 104.41% 159.58% 399.31%
Total Long-Term Liabilities $881.0K $745.0K $719.0K
YoY Change 104.41% 159.58% 399.31%
TOTAL LIABILITIES
Total Short-Term Liabilities $7.072M $6.257M $6.007M
Total Long-Term Liabilities $881.0K $745.0K $719.0K
Total Liabilities $23.01M $21.85M $21.38M
YoY Change 3.76% 4.5% -1.16%
SHAREHOLDERS EQUITY
Retained Earnings -$398.2M -$394.1M -$389.9M
YoY Change 4.84% 5.15% 4.7%
Common Stock $403.1M $399.4M $400.1M
YoY Change 3.02% 1.86% 1.85%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $4.946M $5.321M $10.23M
YoY Change
Total Liabilities & Shareholders Equity $27.95M $27.17M $31.61M
YoY Change -17.15% -28.86% -24.93%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022 Q1
OPERATING ACTIVITIES
Net Income -$4.087M -$4.214M -$5.140M
YoY Change -16.8% 71.86% 1.74%
Depreciation, Depletion And Amortization $54.00K $64.00K $15.00K
YoY Change -65.82% -63.84% -92.27%
Cash From Operating Activities -$3.496M -$4.366M -$6.181M
YoY Change -3.48% 16.61% 28.69%
INVESTING ACTIVITIES
Capital Expenditures $0.00 $0.00 $31.00K
YoY Change -100.0% 181.82%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities $0.00 $0.00 -$31.00K
YoY Change -100.0% 181.82%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 4.799M 399.0K $6.721M
YoY Change -13400.0% -48.6%
NET CHANGE
Cash From Operating Activities -3.496M -4.366M -$6.181M
Cash From Investing Activities 0.000 0.000 -$31.00K
Cash From Financing Activities 4.799M 399.0K $6.721M
Net Change In Cash 1.303M -3.967M $509.0K
YoY Change -135.97% 5.65% -93.84%
FREE CASH FLOW
Cash From Operating Activities -$3.496M -$4.366M -$6.181M
Capital Expenditures $0.00 $0.00 $31.00K
Free Cash Flow -$3.496M -$4.366M -$6.212M
YoY Change -3.48% 16.86% 29.04%

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us-gaap Net Income Loss
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us-gaap Depreciation Depletion And Amortization
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avgr Noncash Interest Expense Income And Other Charges Net
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avgr Change In Rightofuse Asset
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us-gaap Inventory Write Down
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us-gaap Other Noncash Income Expense
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us-gaap Increase Decrease In Accounts Receivable
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314000 usd
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us-gaap Increase Decrease In Inventories
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241000 usd
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us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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us-gaap Increase Decrease In Accounts Payable
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us-gaap Increase Decrease In Employee Related Liabilities
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us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
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us-gaap Increase Decrease In Other Noncurrent Liabilities
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us-gaap Net Cash Provided By Used In Operating Activities
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PaymentsToAcquirePropertyPlantAndEquipment
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22185000 usd
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16039000 usd
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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26700000 usd
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AccretionOfPreferredStockDividends
2254000 usd
avgr Accretion Of Preferred Stock Dividends
AccretionOfPreferredStockDividends
2088000 usd
avgr Reclassification Of Right Of Use Asset To Prepaid Rent
ReclassificationOfRightOfUseAssetToPrepaidRent
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avgr Reclassification Of Right Of Use Asset To Prepaid Rent
ReclassificationOfRightOfUseAssetToPrepaidRent
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avgr Transfers Between Inventory And Property And Equipment
TransfersBetweenInventoryAndPropertyAndEquipment
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avgr Transfers Between Inventory And Property And Equipment
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us-gaap Nature Of Operations
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<p style="font-family: Times New Roman; font-size: 10pt; font-variant: normal; margin: 0pt;"><b><em style="font: inherit;">1.</em> Organization</b></p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family: Times New Roman; font-size: 10pt; font-variant: normal; margin: 0pt;"><b>Organization, Nature of Business</b></p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family: Times New Roman; font-size: 10pt; font-variant: normal; text-align: justify; margin: 0pt; text-indent: 36pt;">Avinger, Inc. (the “Company”), a Delaware corporation, was incorporated in <em style="font: inherit;"> March </em><em style="font: inherit;">2007.</em> The Company designs, manufactures and sells image-guided, catheter-based systems that are used by physicians to treat patients with peripheral artery disease (“PAD”). Patients with PAD have a build-up of plaque in the arteries that supply blood to areas away from the heart, particularly the pelvis and legs. The Company manufactures and sells a suite of products in the United States (“U.S.”) and in select international markets. The Company has developed its Lumivascular platform, which integrates optical coherence tomography (<em style="font: inherit;"> “OCT”) </em>visualization with interventional catheters and is the industry’s only system that provides real-time intravascular imaging during the treatment portion of PAD procedures. The Company’s Lumivascular platform consists of a capital component, our Lightbox consoles, as well as a variety of disposable catheter products. The Company’s current catheter products include Ocelot and Tigereye, which are designed to allow physicians to penetrate a total blockage in an artery, known as a chronic total occlusion (“CTO”). The Company also has image-guided atherectomy products, Pantheris and Pantheris SV, which are designed to allow physicians to precisely remove arterial plaque in PAD patients. The Company is in the process of developing next-generation CTO crossing devices to target coronary CTO markets. The Company is located in Redwood City, California.</p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family: Times New Roman; font-size: 10pt; font-variant: normal; margin: 0pt;"><b>Liquidity Matters</b></p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family: Times New Roman; font-size: 10pt; font-variant: normal; text-align: justify; margin: 0pt; text-indent: 36pt;">In the course of its activities, the Company has incurred losses and negative cash flows from operations since its inception. As of <em style="font: inherit;"> June 30, 2022, </em>the Company had an accumulated deficit of $394.1 million. The Company expects to incur losses for the foreseeable future. The Company believes that its cash and cash equivalents of $16.0 million at <em style="font: inherit;"> June 30, 2022 </em>and expected revenues and funds from operations will be sufficient to allow the Company to fund its current operations through the <em style="font: inherit;">second</em> quarter of <em style="font: inherit;">2023.</em> The Company received net proceeds of approximately $6.7 million from the <em style="font: inherit;"> January 2022 </em>Series D preferred stock equity financing and $13.0 million from the sale of its common stock in <em style="font: inherit;"> February 2021. </em>The Company <em style="font: inherit;"> may </em>seek to raise additional funds in future equity offerings to meet its operational needs and capital requirements for product development, clinical trials and commercialization or other strategic objectives.</p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family: Times New Roman; font-size: 10pt; font-variant: normal; text-align: justify; margin: 0pt; text-indent: 36pt;">The Company can provide <em style="font: inherit;">no</em> assurance that it will be successful in raising funds pursuant to additional equity or debt financings or that such funds will be raised at prices that do <em style="font: inherit;">not</em> create substantial dilution for its existing stockholders. Given the volatility in the Company’s stock price, any financing that the Company <em style="font: inherit;"> may </em>undertake in the next <em style="font: inherit;">twelve</em> months could cause substantial dilution to its existing stockholders, and there can be <em style="font: inherit;">no</em> assurance that the Company will be successful in acquiring additional funding at levels sufficient to fund its various endeavors. In addition, the COVID-<em style="font: inherit;">19</em> pandemic and responses thereto have resulted in reduced consumer and investor confidence, instability in the credit and financial markets, volatile corporate profits, restrictions on elective medical procedures, and reduced business and consumer spending, which could increase the cost of capital and/or limit the availability of capital to the Company.</p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family: Times New Roman; font-size: 10pt; font-variant: normal; text-align: justify; margin: 0pt; text-indent: 36pt;">If the Company is unable to raise additional capital in sufficient amounts or on terms acceptable to it, the Company <em style="font: inherit;"> may </em>have to significantly reduce its operations or delay, scale back or discontinue the development and sale of <em style="font: inherit;">one</em> or more of its products. The financial statements do <em style="font: inherit;">not</em> include any adjustments that might result from the outcome of this uncertainty. The Company’s ultimate success will largely depend on its continued development of innovative medical technologies, its ability to successfully commercialize its products and its ability to raise significant additional funding.</p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family: Times New Roman; font-size: 10pt; font-variant: normal; margin: 0pt;"><b>Public Offerings</b></p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family: Times New Roman; font-size: 10pt; font-variant: normal; margin: 0pt;"><i>Past Offerings</i></p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family: Times New Roman; font-size: 10pt; font-variant: normal; text-align: justify; margin: 0pt; text-indent: 36pt;">On <em style="font: inherit;"> February 2, 2021, </em>under the shelf registration statement, the Company completed a bought deal offering of 500,000 shares of common stock at an offering price of $28.80 per share. As a result, the Company received aggregate net proceeds of approximately $13.0 million after underwriting discounts, commissions, legal and accounting fees, and other ancillary expenses.</p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family: Times New Roman; font-size: 10pt; font-variant: normal; text-align: justify; margin: 0pt;"><i><em style="font: inherit;"> January 2022 </em>Offering</i></p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family: Times New Roman; font-size: 10pt; font-variant: normal; text-align: justify; margin: 0pt; text-indent: 36pt;">On <em style="font: inherit;"> January 14, 2022, </em>the Company entered into a securities purchase agreement with several institutional investors pursuant to which the Company agreed to sell and issue, in a registered direct offering (<em style="font: inherit;"> “January 2022 </em>Offering”), an aggregate of 7,600 shares of the Company’s Series D Convertible Preferred Stock, par value of $0.001 per share, at an offering price of $1,000 per share which was convertible into common stock at a conversion price of $8.00 per share. Concurrently, the Company agreed to issue to these investors warrants to purchase up to an aggregate of 807,500 shares of the Company’s common stock (the “Common Warrants”). As a result, the Company received aggregate net proceeds of approximately $6.7 million after underwriting discounts, commissions, legal and accounting fees, and other ancillary expenses.</p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family: Times New Roman; font-size: 10pt; font-variant: normal; text-align: justify; margin: 0pt; text-indent: 36pt;">The 807,500 Common Warrants have an exercise price of $9.60 per share and became exercisable beginning <em style="font: inherit;"> July 14, 2022. </em>The Common Warrants will expire <span style="-sec-ix-hidden:c86419130">five</span> years following the time they become exercisable, or <em style="font: inherit;"> July 14, 2027. </em>The Company also issued to the Placement Agent or its designees warrants to purchase up to an aggregate of 66,500 shares of common stock (the “Placement Agent Warrants”). The Placement Agent Warrants are subject to the same terms as the Common Warrants, except that the Placement Agent Warrants have an exercise price of $10.00 per share and a term of <span style="-sec-ix-hidden:c86419133">five</span> years from the commencement of the sales pursuant to the <em style="font: inherit;"> January 2022 </em>Offering, or <em style="font: inherit;"> January 12, 2027.</em></p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family: Times New Roman; font-size: 10pt; font-variant: normal; text-align: justify; margin: 0pt;"><i>At the Market Offering Agreement</i></p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family: Times New Roman; font-size: 10pt; font-variant: normal; text-align: justify; margin: 0pt; text-indent: 36pt;">On <em style="font: inherit;"> May 20, 2022, </em>the Company entered into an At the Market Offering Agreement (the “ATM Agreement”) with H.C. Wainwright &amp; Co., LLC (the “Agent”), as sales agent, pursuant to which the Company <em style="font: inherit;"> may </em>offer and sell shares of common stock, par value $0.001 per share (the “Shares”) up to an aggregate offering price of $7,000,000 from time to time, in an at-the-market public offering. Sales of the Shares are to be made at prevailing market prices at the time of sale, or as otherwise agreed with the Agent. The Agent will receive a commission from the Company of 3.0% of the gross proceeds of any Shares sold under the ATM Agreement. The Shares sold under the ATM Agreement are offered and sold pursuant to the Company’s shelf registration statement on Form S-<em style="font: inherit;">3,</em> which was initially filed with the Securities and Exchange Commission (the “SEC”) on <em style="font: inherit;"> March 29, 2022 </em>and declared effective on <em style="font: inherit;"> April 7, 2022, </em>and a prospectus supplement and the accompanying prospectus relating to the at-the-market offering filed with the SEC on <em style="font: inherit;"> May 20, 2022. </em>During the quarter ended <em style="font: inherit;"> June 30, 2022, </em>the Company sold 326,466 shares of common stock pursuant to the ATM Agreement at an average price of $1.76 per share for aggregate proceeds of approximately $0.6 million, of which approximately $17,000 was paid in the form of commissions to the Agent. Other than the ATM Agreement, the Company currently does <em style="font: inherit;">not</em> have any commitments to obtain additional funds. Subsequent to <em style="font: inherit;"> June 30, 2022, </em>the Company sold an additional 259,137 shares of common stock at an average price of $1.56 per share for aggregate net proceeds of $0.4 million, of which approximately $12,000 was paid in the form of commissions to the Agent. On <em style="font: inherit;"> August 3, 2022, </em>the Company suspended sales under the ATM Agreement. While the Company <em style="font: inherit;"> may </em>resume sales in the future, there can be <em style="font: inherit;">no</em> assurance that the Company will be successful in acquiring additional funding through these means.</p>
CY2022Q2 us-gaap Retained Earnings Accumulated Deficit
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<p style="font-family: Times New Roman; font-size: 10pt; font-variant: normal; margin: 0pt;"><b>Use of Estimates</b></p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family: Times New Roman; font-size: 10pt; font-variant: normal; text-align: justify; margin: 0pt; text-indent: 36pt;">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts and disclosures reported in the financial statements. Management uses significant judgment when making estimates related to its stock-based compensation, accruals related to compensation, the valuation of the common stock warrants, provisions for doubtful accounts receivable and excess and obsolete inventories, clinical trial accruals, and its reserves for sales returns and warranty costs. Management bases its estimates on historical experience and on various other assumptions that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are <em style="font: inherit;">not</em> readily apparent from other sources. Although these estimates are based on the Company’s knowledge of current events and actions it <em style="font: inherit;"> may </em>undertake in the future, actual results <em style="font: inherit;"> may </em>ultimately materially differ from these estimates and assumptions.</p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p>
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ProductWarrantyAccrualPaymentsAndRelease
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CY2022Q2 us-gaap Product Warranty Accrual
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CY2021Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
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us-gaap Net Income Loss Available To Common Stockholders Basic
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us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Operating Lease Right Of Use Asset Amortization Expense
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LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
583000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
1203000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
1138000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
2924000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
228000 usd
CY2022Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
2696000 usd
CY2022Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
2696000 usd
CY2022Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
1038000 usd
CY2021Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
985000 usd
CY2022Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
1658000 usd
CY2021Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
2194000 usd
CY2022Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
2696000 usd
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
3179000 usd
CY2022Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000
CY2022Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2021Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
56451
CY2021Q4 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
26456895
CY2021Q4 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
132265
CY2022Q2 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
43936895
CY2022Q2 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
1006285
CY2022Q2 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
1006285
CY2021Q4 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
132265
CY2022Q2 us-gaap Share Price
SharePrice
1.46
CY2022Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
36000 usd
CY2021Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
303000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
88000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
721000 usd

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