2021 Q4 Form 10-K Financial Statement

#000143774922007895 Filed on March 31, 2022

View on sec.gov

Income Statement

Concept 2021 Q4 2021 2020 Q4
Revenue $53.84M $191.9M $46.12M
YoY Change 16.73% 26.65%
Cost Of Revenue $14.94M $52.66M $10.59M
YoY Change 41.06% 30.71%
Gross Profit $38.89M $139.2M $35.53M
YoY Change 9.47% 25.17%
Gross Profit Margin 72.24% 72.56% 77.03%
Selling, General & Admin $42.06M $159.7M $42.62M
YoY Change -1.31% 40.84%
% of Gross Profit 108.14% 114.71% 119.96%
Research & Development $4.132M $31.77M $3.440M
YoY Change 20.12% 160.28%
% of Gross Profit 10.62% 22.81% 9.68%
Depreciation & Amortization $375.0K $1.200M $1.059M
YoY Change -64.59% 9.09%
% of Gross Profit 0.96% 0.86% 2.98%
Operating Expenses $46.57M $192.7M $46.32M
YoY Change 0.53% 52.14%
Operating Profit -$7.672M -$53.49M -$10.79M
YoY Change -28.92% 246.51%
Interest Expense $1.422M $102.0K $1.115M
YoY Change 27.53% 148.78%
% of Operating Profit
Other Income/Expense, Net $5.851M -$632.0K -$1.287M
YoY Change -554.62% 23.68%
Pretax Income -$399.0K -$32.79M -$10.97M
YoY Change -96.36% 106.12%
Income Tax $7.090M $457.0K $1.134M
% Of Pretax Income
Net Earnings -$8.050M -$35.22M -$12.13M
YoY Change -33.61% 107.22%
Net Earnings / Revenue -14.95% -18.35% -26.29%
Basic Earnings Per Share -$0.48
Diluted Earnings Per Share -$43.24K -$0.48 -$67.26K
COMMON SHARES
Basic Shares Outstanding 181.4M 141.6M
Diluted Shares Outstanding 141.6M

Balance Sheet

Concept 2021 Q4 2021 2020 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $270.6M $270.6M $197.6K
YoY Change 136836.7% 286.04%
Cash & Equivalents $268.2M $268.2M $69.11M
Short-Term Investments $2.411M $2.411M
Other Short-Term Assets $8.461M $8.461M $552.1K
YoY Change 1432.57% 261.12%
Inventory
Prepaid Expenses
Receivables $55.07M $55.07M $48.25M
Other Receivables $0.00 $0.00
Total Short-Term Assets $334.2M $334.2M $120.7M
YoY Change 176.86% 176.86%
LONG-TERM ASSETS
Property, Plant & Equipment $3.922M $3.922M $2.663M
YoY Change 47.28% 47.28%
Goodwill $0.00
YoY Change
Intangibles $0.00
YoY Change
Long-Term Investments $351.9M
YoY Change
Other Assets $11.73M $44.39M $8.252M
YoY Change 42.2% 13.4%
Total Long-Term Assets $54.58M $54.58M $48.36M
YoY Change 12.87% 12.87%
TOTAL ASSETS
Total Short-Term Assets $334.2M $334.2M $120.7M
Total Long-Term Assets $54.58M $54.58M $48.36M
Total Assets $388.7M $388.7M $169.1M
YoY Change 129.95% 129.95%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.824M $1.824M $774.0K
YoY Change 135.66% 135.66%
Accrued Expenses $31.12M $31.12M
YoY Change 27.9%
Deferred Revenue $74.29M $65.20M
YoY Change 13.94%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $111.2M $111.2M $92.22M
YoY Change 20.56% 20.56%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $3.943M $21.99M $3.658M
YoY Change 7.79% -61.17%
Total Long-Term Liabilities $3.943M $21.99M $3.658M
YoY Change 7.79% -61.17%
TOTAL LIABILITIES
Total Short-Term Liabilities $111.2M $111.2M $92.22M
Total Long-Term Liabilities $3.943M $21.99M $3.658M
Total Liabilities $133.2M $138.4M $148.9M
YoY Change -10.54% -8.92%
SHAREHOLDERS EQUITY
Retained Earnings -$375.3M -$299.8M
YoY Change 25.19%
Common Stock $18.00K $12.00K
YoY Change 50.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.739M $0.00
YoY Change
Treasury Stock Shares
Shareholders Equity $250.4M $250.4M -$192.8M
YoY Change
Total Liabilities & Shareholders Equity $388.7M $388.7M $169.1M
YoY Change 129.95% 129.95%

Cashflow Statement

Concept 2021 Q4 2021 2020 Q4
OPERATING ACTIVITIES
Net Income -$8.050M -$35.22M -$12.13M
YoY Change -33.61% 107.22%
Depreciation, Depletion And Amortization $375.0K $1.200M $1.059M
YoY Change -64.59% 9.09%
Cash From Operating Activities $8.995M $5.030M $21.21M
YoY Change -57.59% -73.69%
INVESTING ACTIVITIES
Capital Expenditures $1.010M $2.461M $710.0K
YoY Change 42.25% 140.57%
Acquisitions $0.00
YoY Change
Other Investing Activities -$1.294M -$3.377M -$193.6K
YoY Change 568.42% -346.86%
Cash From Investing Activities -$1.294M -$3.377M -$193.6K
YoY Change 568.42% -346.86%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $1.628M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.009M $198.6M 35.56M
YoY Change -97.16% 458.56%
NET CHANGE
Cash From Operating Activities 8.995M $5.030M 21.21M
Cash From Investing Activities -1.294M -$3.377M -193.6K
Cash From Financing Activities 1.009M $198.6M 35.56M
Net Change In Cash 8.710M $199.1M 56.57M
YoY Change -84.6% 249.61%
FREE CASH FLOW
Cash From Operating Activities $8.995M $5.030M $21.21M
Capital Expenditures $1.010M $2.461M $710.0K
Free Cash Flow $7.985M $2.569M $20.50M
YoY Change -61.04% -85.8%

Facts In Submission

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CY2021 avpt Reclassification Of Shared Based Awards To Temporary Equity
ReclassificationOfSharedBasedAwardsToTemporaryEquity
-206000 USD
CY2021 avpt Remeasurement Of Redemption Value Of Common Shares
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-7361000 USD
CY2021 us-gaap Stock Issued During Period Value Stock Options Exercised
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CY2021 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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46475000 USD
CY2021 avpt Remeasurement Of Redemption Value Of Convertible Preferred Stock
RemeasurementOfRedemptionValueOfConvertiblePreferredStock
-32928000 USD
CY2021 avpt Issuance Of Redeemable Noncontrolling Interest Stockholders Equity Impact
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CY2021 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities Net Of Adjustments
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CY2021 us-gaap Stock Issued During Period Value Acquisitions
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CY2021 avpt Reclassifications Of Earn Out Rs Us To Earn Out Shares
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CY2021 us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
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526000 USD
CY2021Q4 us-gaap Stockholders Equity
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CY2020 avpt Reclassification Of Shared Based Awards To Temporary Equity
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-198000 USD
CY2020 avpt Remeasurement Of Redemption Value Of Common Shares
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-14390000 USD
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CY2020 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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CY2020 avpt Settlement Of Restricted Stock Issued In Exchange For Nonrecourse Promissory Note Value
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CY2020 avpt Stock Issued During Period Value Issued For Issuance Cost
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CY2020 avpt Remeasurement Of Redemption Value Of Convertible Preferred Stock
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CY2020 avpt Equity Adjustment For Redemption Of Convertible Preferred Stock
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CY2020 avpt Issuance Of Redeemable Noncontrolling Interest Stockholders Equity Impact
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CY2020 us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
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217000 USD
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CY2018Q4 us-gaap Stockholders Equity
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CY2019 avpt Reclassification Of Shared Based Awards To Temporary Equity
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CY2019 avpt Remeasurement Of Redemption Value Of Common Shares
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CY2019 us-gaap Stock Issued During Period Value Stock Options Exercised
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CY2019 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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3094000 USD
CY2019 avpt Reclassification Of Options From Permanent Equity To Liability
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-2203000 USD
CY2019 us-gaap Stock Issued During Period Value New Issues
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33670000 USD
CY2019 avpt Remeasurement Of Redemption Value Of Convertible Preferred Stock
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CY2020 us-gaap Share Based Compensation
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CY2019 us-gaap Share Based Compensation
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CY2020 us-gaap Gain Loss On Disposition Of Assets
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CY2019 us-gaap Gain Loss On Disposition Of Assets
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CY2021 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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347000 USD
CY2019Q4 us-gaap Stockholders Equity
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CY2020 us-gaap Profit Loss
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CY2019 us-gaap Profit Loss
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1238000 USD
CY2020 us-gaap Depreciation Depletion And Amortization
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1059000 USD
CY2019 us-gaap Depreciation Depletion And Amortization
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1049000 USD
CY2021 avpt Foreign Currency Remeasurement Gain Loss
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-1308000 USD
CY2020 avpt Foreign Currency Remeasurement Gain Loss
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378000 USD
CY2019 avpt Foreign Currency Remeasurement Gain Loss
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-362000 USD
CY2021 us-gaap Provision For Doubtful Accounts
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-740000 USD
CY2020 us-gaap Provision For Doubtful Accounts
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690000 USD
CY2019 us-gaap Provision For Doubtful Accounts
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296000 USD
CY2021 us-gaap Deferred Income Taxes And Tax Credits
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-175000 USD
CY2020 us-gaap Deferred Income Taxes And Tax Credits
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CY2019 us-gaap Deferred Income Taxes And Tax Credits
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CY2021 avpt Gain Loss On Change In Contingent Liability And Warrants
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21233000 USD
CY2020 avpt Gain Loss On Change In Contingent Liability And Warrants
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-0 USD
CY2019 avpt Gain Loss On Change In Contingent Liability And Warrants
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CY2021 avpt Increase Decrease In Accounts Receivable And Long Term Unbilled Receivables
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9012000 USD
CY2020 avpt Increase Decrease In Accounts Receivable And Long Term Unbilled Receivables
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8946000 USD
CY2019 avpt Increase Decrease In Accounts Receivable And Long Term Unbilled Receivables
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13150000 USD
CY2020 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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-1204000 USD
CY2019 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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-156000 USD
CY2021 us-gaap Increase Decrease In Other Operating Assets
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8121000 USD
CY2020 us-gaap Increase Decrease In Other Operating Assets
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3236000 USD
CY2019 us-gaap Increase Decrease In Other Operating Assets
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5023000 USD
CY2021 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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10626000 USD
CY2020 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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971000 USD
CY2019 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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7778000 USD
CY2021 us-gaap Increase Decrease In Contract With Customer Liability
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10805000 USD
CY2020 us-gaap Increase Decrease In Contract With Customer Liability
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11311000 USD
CY2019 us-gaap Increase Decrease In Contract With Customer Liability
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14365000 USD
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5030000 USD
CY2020 us-gaap Net Cash Provided By Used In Operating Activities
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19120000 USD
CY2019 us-gaap Net Cash Provided By Used In Operating Activities
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CY2021 us-gaap Payments For Proceeds From Short Term Investments
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916000 USD
CY2020 us-gaap Payments For Proceeds From Short Term Investments
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-2391000 USD
CY2019 us-gaap Payments For Proceeds From Short Term Investments
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398000 USD
CY2021 us-gaap Payments To Acquire Property Plant And Equipment
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2461000 USD
CY2020 us-gaap Payments To Acquire Property Plant And Equipment
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1023000 USD
CY2019 us-gaap Payments To Acquire Property Plant And Equipment
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1083000 USD
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
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CY2020 us-gaap Net Cash Provided By Used In Investing Activities
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1368000 USD
CY2019 us-gaap Net Cash Provided By Used In Investing Activities
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CY2021 avpt Proceeds From Recapitalization Gross
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491563000 USD
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CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
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CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
69112000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
12162000 USD
CY2021 us-gaap Interest Paid Net
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13000 USD
CY2020 us-gaap Interest Paid Net
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0 USD
CY2019 us-gaap Interest Paid Net
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0 USD
CY2021 us-gaap Income Taxes Paid Net
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4037000 USD
CY2020 avpt Proceeds From Recapitalization Gross
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0 USD
CY2019 avpt Proceeds From Recapitalization Gross
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0 USD
CY2021 us-gaap Payments For Repurchase Of Redeemable Preferred Stock
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130925000 USD
CY2020 us-gaap Payments For Repurchase Of Redeemable Preferred Stock
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33712000 USD
CY2019 us-gaap Payments For Repurchase Of Redeemable Preferred Stock
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179000000 USD
CY2021 avpt Payments For Redemption Of Legacy Common Stock
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106169000 USD
CY2020 avpt Payments For Redemption Of Legacy Common Stock
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CY2019 avpt Payments For Redemption Of Legacy Common Stock
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CY2021 us-gaap Payments For Repurchase Of Common Stock
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1628000 USD
CY2020 us-gaap Payments For Repurchase Of Common Stock
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CY2019 us-gaap Payments For Repurchase Of Common Stock
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CY2021 avpt Payment Of Net Cash Settlement For Directive Outstanding Options
PaymentOfNetCashSettlementForDirectiveOutstandingOptions
7530000 USD
CY2020 avpt Payment Of Net Cash Settlement For Directive Outstanding Options
PaymentOfNetCashSettlementForDirectiveOutstandingOptions
-0 USD
CY2019 avpt Payment Of Net Cash Settlement For Directive Outstanding Options
PaymentOfNetCashSettlementForDirectiveOutstandingOptions
-0 USD
CY2021 us-gaap Proceeds From Stock Options Exercised
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5566000 USD
CY2020 us-gaap Proceeds From Stock Options Exercised
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612000 USD
CY2019 us-gaap Proceeds From Stock Options Exercised
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88000 USD
CY2021 us-gaap Proceeds From Minority Shareholders
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753000 USD
CY2020 us-gaap Proceeds From Minority Shareholders
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7505000 USD
CY2019 us-gaap Proceeds From Minority Shareholders
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0 USD
CY2021 us-gaap Finance Lease Principal Payments
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25000 USD
CY2020 us-gaap Finance Lease Principal Payments
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49000 USD
CY2019 us-gaap Finance Lease Principal Payments
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82000 USD
CY2021 us-gaap Payments Of Debt Issuance Costs
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-0 USD
CY2020 us-gaap Payments Of Debt Issuance Costs
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300000 USD
CY2019 us-gaap Payments Of Debt Issuance Costs
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-0 USD
CY2021 avpt Proceeds From Issuance Of Common Stock Net
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0 USD
CY2020 avpt Proceeds From Issuance Of Common Stock Net
ProceedsFromIssuanceOfCommonStockNet
58770000 USD
CY2019 avpt Proceeds From Issuance Of Common Stock Net
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33670000 USD
CY2021 us-gaap Proceeds From Notes Payable
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0 USD
CY2020 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
284000 USD
CY2019 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
0 USD
CY2021 avpt Proceeds From Nonrecourse Promissory Note
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0 USD
CY2020 avpt Proceeds From Nonrecourse Promissory Note
ProceedsFromNonrecoursePromissoryNote
4639000 USD
CY2019 avpt Proceeds From Nonrecourse Promissory Note
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0 USD
CY2021 us-gaap Proceeds From Issuance Of Convertible Preferred Stock
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0 USD
CY2020 us-gaap Proceeds From Issuance Of Convertible Preferred Stock
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0 USD
CY2019 us-gaap Proceeds From Issuance Of Convertible Preferred Stock
ProceedsFromIssuanceOfConvertiblePreferredStock
150000000 USD
CY2021 avpt Payments For Transaction Fees Business Acquisition
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2998000 USD
CY2020 avpt Payments For Transaction Fees Business Acquisition
PaymentsForTransactionFeesBusinessAcquisition
2089000 USD
CY2019 avpt Payments For Transaction Fees Business Acquisition
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-0 USD
CY2021 avpt Proceeds From Recapitalization Issuance Costs
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49990000 USD
CY2020 avpt Proceeds From Recapitalization Issuance Costs
ProceedsFromRecapitalizationIssuanceCosts
101000 USD
CY2019 avpt Proceeds From Recapitalization Issuance Costs
ProceedsFromRecapitalizationIssuanceCosts
4770000 USD
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
198617000 USD
CY2020 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
35559000 USD
CY2019 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-94000 USD
CY2021 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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CY2020 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
903000 USD
CY2019 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
-590000 USD
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
199105000 USD
CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
56950000 USD
CY2019 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-4216000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
69112000 USD
CY2021 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p style="font-family: Times New Roman; font-size: 10pt; font-variant: normal; margin: 0pt;"><span style="text-decoration: underline; "><i><b>Comparative Data</b></i></span></p> <p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt; text-indent: 36pt;"></p> <p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt; text-indent: 36pt;">Certain amounts from prior periods which have been presented separately have been grouped to conform to the current period presentation, including:</p>   <table border="0" cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;margin-left:auto;margin-right:auto;"><tbody><tr><td style="vertical-align: middle; width: 3%;"> </td><td style="vertical-align: top; width: 2%;"> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">•</p> </td><td style="vertical-align: top; width: 1%;"> </td><td style="vertical-align: top; width: 95%;"> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">The reclassification of prepaid rent to be included in prepaid expenses and other current assets on the consolidated balance sheets as of <em style="font: inherit;"> December 31, 2020;</em></p> </td></tr> </tbody></table> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <table border="0" cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;margin-left:auto;margin-right:auto;"><tbody><tr><td style="vertical-align: middle; width: 3%;"> </td><td style="vertical-align: top; width: 2%;"> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">•</p> </td><td style="vertical-align: top; width: 1%;"> </td><td style="vertical-align: top; width: 95%;"> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">The reclassification of accrued rent obligation to be included in accounts payable, accrued expenses and other liabilities on the consolidated statements of cash flows for the years ended <em style="font: inherit;"> December 31, 2020 </em>and <em style="font: inherit;">2019;</em></p> </td></tr> </tbody></table> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <table border="0" cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;margin-left:auto;margin-right:auto;"><tbody><tr><td style="vertical-align: middle; width: 3%;"> </td><td style="vertical-align: top; width: 2%;"> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">•</p> </td><td style="vertical-align: top; width: 1%;"> </td><td style="vertical-align: top; width: 95%;"> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">The reclassification of equity issuance costs to be offset from proceeds from issuance of common stock on the consolidated statements of mezzanine equity and stockholders' equity (deficiency) for the year ended <em style="font: inherit;"> December 31, 2020;</em></p> </td></tr> </tbody></table> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <table border="0" cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;margin-left:auto;margin-right:auto;"><tbody><tr><td style="vertical-align: middle; width: 3%;"> </td><td style="vertical-align: top; width: 2%;"> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">•</p> </td><td style="vertical-align: top; width: 1%;"> </td><td style="vertical-align: top; width: 95%;"> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">The reclassification of equity issuance costs to be offset from proceeds from issuance of Series C preferred stock on the consolidated statements of mezzanine equity and stockholders' equity (deficiency) for the year ended <em style="font: inherit;"> December 31, 2019;</em></p> </td></tr> </tbody></table> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <table border="0" cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;margin-left:auto;margin-right:auto;"><tbody><tr><td style="vertical-align: middle; width: 3%;"> </td><td style="vertical-align: top; width: 2%;"> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">•</p> </td><td style="vertical-align: top; width: 1%;"> </td><td style="vertical-align: top; width: 95%;"> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">The reclassification of remeasurement of redemption value of Series B preferred stock to be offset from remeasurement of redemption value of Series C preferred stock and both included in the remeasurement of redemption value of convertible preferred stock on the consolidated statements of mezzanine equity and stockholders’ equity (deficiency) for the year ended <em style="font: inherit;"> December 31, 2019; </em>and</p> </td></tr> </tbody></table>   <table border="0" cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;margin-left:auto;margin-right:auto;"><tbody><tr><td style="vertical-align: middle; width: 3%;"> </td><td style="vertical-align: top; width: 2%;"> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">•</p> </td><td style="vertical-align: top; width: 1%;"> </td><td style="vertical-align: top; width: 95%;">The reclassification of current portion of capital lease and deferred rent into others on the Note <em style="font: inherit;">7</em> — accrued expenses and other liabilities in the notes to consolidated financial statements as of <em style="font: inherit;"> December 31, 2020.</em></td></tr> </tbody></table>
CY2020 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
1068000 USD
CY2019 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
247000 USD
CY2021 us-gaap Stock Issued1
StockIssued1
0 USD
CY2020 us-gaap Stock Issued1
StockIssued1
2408000 USD
CY2019 us-gaap Stock Issued1
StockIssued1
0 USD
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
0 USD
CY2020 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
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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> Nature of Business and Organization </b></p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt; text-indent: 36pt; text-align: justify;">Apex Technology Acquisition Corporation ("<i><b>Apex</b></i>") was a blank check company incorporated in Delaware on <em style="font: inherit;"> April 5, 2019. </em>Apex was formed for the purpose of entering into a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with <em style="font: inherit;">one</em> or more businesses. AvePoint, Inc. (“<i><b>Legacy AvePoint</b></i>”) was incorporated as a New Jersey corporation on <em style="font: inherit;"> July </em><em style="font: inherit;">24,</em> <em style="font: inherit;">2001,</em> was redomiciled as a Delaware corporation in <em style="font: inherit;">2006,</em> and changed its name to "AvePoint Operations, Inc." in <em style="font: inherit;"> June </em><em style="font: inherit;">2021.</em></p> <p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt; text-align: justify;"> </p> <p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt; text-indent: 36pt; text-align: justify;">On <em style="font: inherit;"> November </em><em style="font: inherit;">23,</em> <em style="font: inherit;">2020,</em> Legacy AvePoint and the members of the Apex Group entered into the Business Combination Agreement. On <em style="font: inherit;"> July 1, 2021, </em>Pursuant to the terms of the Business Combination Agreement, Merger Sub <em style="font: inherit;">1,</em> a wholly owned subsidiary of Apex, merged with and into Legacy AvePoint, with Legacy AvePoint surviving the merger as a wholly-owned subsidiary of Apex. Promptly following the <em style="font: inherit;">first</em> merger, Legacy AvePoint merged with and into Merger Sub <em style="font: inherit;">2,</em> with Merger Sub <em style="font: inherit;">2</em> as the surviving company and a wholly owned subsidiary of Apex, subsequently renamed “AvePoint US LLC.” Following the consummation of those merger activities, Apex was renamed “AvePoint, Inc.” On <em style="font: inherit;"> July 26, 2021, </em>AvePoint US LLC merged with and into AvePoint, Inc. with AvePoint, Inc. (hereinafter referred to as “<i><b>AvePoint</b></i>,” “<i><b>we</b></i>,” "<i><b>us</b></i>," or “<i><b>our</b></i>”) surviving. See the sections of this Annual Report titled "<i>Business </i>—<i> <em style="font: inherit;">2021</em> Consummation of the Business Combination</i>” (Part I, Item <em style="font: inherit;">1</em> of this Annual Report) and "<i>Note <em style="font: inherit;">3</em> - Business Combination</i>" (Part II, Item <em style="font: inherit;">8</em> of this Annual Report) for additional information.</p> <p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt; text-indent: 36pt; text-align: justify;"> </p> <p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt 0pt 0pt -1pt; text-indent: 36pt; text-align: justify;">We are a leading provider of enterprise collaboration and productivity software solutions. We develop, market, and sell our suite of software solutions and services, primarily in North America, Europe, Australia, and Asia. We provide our customers with high-performance infrastructure management, compliance, data governance, mobility and productivity, online services and software solutions consulting. We do this through our Confidence Platform, a SaaS platform that assists organizations who use <em style="font: inherit;">M365</em> and more than a half dozen other cloud collaboration utilities. Our Confidence Platform, built on AOS, contains our suites of software solutions: our Control Suite, for data governance enabling collaboration services at scale, with automation and repeatable business templates; our Fidelity Suite for the preservation of data integrity as organizations undergo digital transformation projects to streamline the way they work from <em style="font: inherit;">one</em> collaboration system to the next; and our Resilience Suite to help organizations comply with data governance regulations, preserve business records for compliance, and ensure business continuity.</p> <p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt 0pt 0pt 8pt; text-align: justify;"> </p> <p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt; text-indent: 36pt; text-align: justify;">Our principal headquarters are located in Jersey City, New Jersey, with our operating headquarters in Richmond, Virginia and additional offices in North America, Europe, Asia, Australia and the Middle East.</p>
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30480317
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
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CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
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CY2019Q4 avpt Put Option Redemption Share
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3113170
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6700000 USD
CY2020Q4 us-gaap Assets Fair Value Disclosure
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CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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78625000

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