2021 Q2 Form 10-Q Financial Statement
#000156459021038614 Filed on July 28, 2021
Income Statement
Concept | 2021 Q2 | 2020 Q2 |
---|---|---|
Revenue | $4.264M | $1.890M |
YoY Change | 125.61% | -37.21% |
Cost Of Revenue | $309.0K | $160.0K |
YoY Change | 93.13% | -50.0% |
Gross Profit | $3.955M | $1.730M |
YoY Change | 128.61% | -35.69% |
Gross Profit Margin | 92.75% | 91.53% |
Selling, General & Admin | $3.134M | $3.010M |
YoY Change | 4.12% | 69.1% |
% of Gross Profit | 79.24% | 173.99% |
Research & Development | $2.364M | $2.420M |
YoY Change | -2.31% | 15.79% |
% of Gross Profit | 59.77% | 139.88% |
Depreciation & Amortization | $169.0K | $130.0K |
YoY Change | 30.0% | 18.18% |
% of Gross Profit | 4.27% | 7.51% |
Operating Expenses | $5.498M | $5.430M |
YoY Change | 1.25% | 39.95% |
Operating Profit | -$1.543M | -$3.700M |
YoY Change | -58.3% | 210.92% |
Interest Expense | $1.000K | $20.00K |
YoY Change | -95.0% | -92.86% |
% of Operating Profit | ||
Other Income/Expense, Net | ||
YoY Change | ||
Pretax Income | -$1.542M | -$3.680M |
YoY Change | -58.1% | 304.4% |
Income Tax | $0.00 | -$500.0K |
% Of Pretax Income | ||
Net Earnings | -$1.542M | -$3.142M |
YoY Change | -50.92% | 234.26% |
Net Earnings / Revenue | -36.16% | -166.24% |
Basic Earnings Per Share | -$0.07 | -$0.15 |
Diluted Earnings Per Share | -$0.07 | -$0.15 |
COMMON SHARES | ||
Basic Shares Outstanding | 21.50M | 21.47M |
Diluted Shares Outstanding | 21.50M | 21.47M |
Balance Sheet
Concept | 2021 Q2 | 2020 Q2 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $35.19M | $45.00M |
YoY Change | -21.8% | -8.16% |
Cash & Equivalents | $35.19M | $45.00M |
Short-Term Investments | ||
Other Short-Term Assets | $359.0K | $300.0K |
YoY Change | 19.67% | 50.0% |
Inventory | ||
Prepaid Expenses | ||
Receivables | $4.841M | $4.400M |
Other Receivables | $0.00 | $0.00 |
Total Short-Term Assets | $40.39M | $49.60M |
YoY Change | -18.56% | -11.11% |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $3.460M | $3.800M |
YoY Change | -8.95% | -2.56% |
Goodwill | $1.651M | |
YoY Change | ||
Intangibles | $1.130M | |
YoY Change | ||
Long-Term Investments | ||
YoY Change | ||
Other Assets | ||
YoY Change | ||
Total Long-Term Assets | $7.639M | $4.600M |
YoY Change | 66.07% | -50.54% |
TOTAL ASSETS | ||
Total Short-Term Assets | $40.39M | $49.60M |
Total Long-Term Assets | $7.639M | $4.600M |
Total Assets | $48.03M | $54.20M |
YoY Change | -11.38% | -16.74% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $267.0K | $300.0K |
YoY Change | -11.0% | 50.0% |
Accrued Expenses | $1.530M | $1.900M |
YoY Change | -19.47% | 35.71% |
Deferred Revenue | $2.835M | |
YoY Change | ||
Short-Term Debt | $0.00 | $0.00 |
YoY Change | ||
Long-Term Debt Due | ||
YoY Change | ||
Total Short-Term Liabilities | $4.632M | $5.000M |
YoY Change | -7.36% | 28.21% |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $0.00 | $0.00 |
YoY Change | ||
Other Long-Term Liabilities | $112.0K | $100.0K |
YoY Change | 12.0% | 0.0% |
Total Long-Term Liabilities | $112.0K | $100.0K |
YoY Change | 12.0% | 0.0% |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $4.632M | $5.000M |
Total Long-Term Liabilities | $112.0K | $100.0K |
Total Liabilities | $4.744M | $5.100M |
YoY Change | -6.98% | 30.77% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | ||
YoY Change | ||
Common Stock | ||
YoY Change | ||
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | ||
YoY Change | ||
Treasury Stock Shares | ||
Shareholders Equity | $43.29M | $49.05M |
YoY Change | ||
Total Liabilities & Shareholders Equity | $48.03M | $54.20M |
YoY Change | -11.38% | -16.74% |
Cashflow Statement
Concept | 2021 Q2 | 2020 Q2 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | -$1.542M | -$3.142M |
YoY Change | -50.92% | 234.26% |
Depreciation, Depletion And Amortization | $169.0K | $130.0K |
YoY Change | 30.0% | 18.18% |
Cash From Operating Activities | -$852.0K | -$1.390M |
YoY Change | -38.71% | 9.45% |
INVESTING ACTIVITIES | ||
Capital Expenditures | -$21.00K | -$60.00K |
YoY Change | -65.0% | 20.0% |
Acquisitions | ||
YoY Change | ||
Other Investing Activities | ||
YoY Change | ||
Cash From Investing Activities | -$21.00K | -$60.00K |
YoY Change | -65.0% | 20.0% |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | ||
YoY Change | ||
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | 20.00K | -450.0K |
YoY Change | -104.44% | 221.43% |
NET CHANGE | ||
Cash From Operating Activities | -852.0K | -1.390M |
Cash From Investing Activities | -21.00K | -60.00K |
Cash From Financing Activities | 20.00K | -450.0K |
Net Change In Cash | -853.0K | -1.900M |
YoY Change | -55.11% | 30.14% |
FREE CASH FLOW | ||
Cash From Operating Activities | -$852.0K | -$1.390M |
Capital Expenditures | -$21.00K | -$60.00K |
Free Cash Flow | -$831.0K | -$1.330M |
YoY Change | -37.52% | 9.02% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2020Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
138000 | |
us-gaap |
Revenue Practical Expedient Financing Component
RevenuePracticalExpedientFinancingComponent
|
true | ||
awre |
Minimum Period Of Payment Of Transaction Price In Contract With Customer
MinimumPeriodOfPaymentOfTransactionPriceInContractWithCustomer
|
P30D | ||
us-gaap |
Revenue Practical Expedient Incremental Cost Of Obtaining Contract
RevenuePracticalExpedientIncrementalCostOfObtainingContract
|
true | ||
CY2021Q2 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
0 | |
CY2020Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
0 | |
CY2021Q2 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
74000 | |
CY2021Q2 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
359000 | |
CY2020Q4 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
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CY2021Q2 | us-gaap |
Assets Current
AssetsCurrent
|
40392000 | |
CY2020Q4 | us-gaap |
Assets Current
AssetsCurrent
|
43661000 | |
CY2021Q2 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
3460000 | |
CY2020Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
3701000 | |
CY2021Q2 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
1130000 | |
CY2020Q4 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
1217000 | |
CY2021Q2 | us-gaap |
Goodwill
Goodwill
|
1651000 | |
CY2020Q4 | us-gaap |
Goodwill
Goodwill
|
1651000 | |
CY2021Q2 | us-gaap |
Income Taxes Receivable Noncurrent
IncomeTaxesReceivableNoncurrent
|
1398000 | |
CY2020Q4 | us-gaap |
Income Taxes Receivable Noncurrent
IncomeTaxesReceivableNoncurrent
|
1398000 | |
CY2021Q2 | us-gaap |
Assets
Assets
|
48031000 | |
CY2020Q4 | us-gaap |
Assets
Assets
|
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CY2021Q2 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
267000 | |
CY2020Q4 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
494000 | |
CY2021Q2 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
1530000 | |
CY2020Q4 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
1531000 | |
CY2021Q2 | us-gaap |
Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
|
2835000 | |
CY2020Q4 | us-gaap |
Contract With Customer Liability Current
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3843000 | |
CY2021Q2 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
4632000 | |
CY2020Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
5868000 | |
CY2021Q2 | us-gaap |
Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
|
112000 | |
CY2020Q4 | us-gaap |
Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
|
90000 | |
us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
469000 | ||
CY2019Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
53435000 | |
CY2020Q1 | awre |
Shares Surrendered To Pay Taxes Related To Unrestricted Stock Value
SharesSurrenderedToPayTaxesRelatedToUnrestrictedStockValue
|
50000 | |
CY2020Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
83000 | |
CY2020Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-1060000 | |
CY2020Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
52408000 | |
CY2020Q2 | us-gaap |
Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
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23000 | |
CY2020Q2 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
230000 | |
CY2020Q2 | us-gaap |
Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
|
469000 | |
CY2020Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
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CY2020Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
45670000 | |
CY2021Q1 | awre |
Shares Surrendered To Pay Taxes Related To Unrestricted Stock Value
SharesSurrenderedToPayTaxesRelatedToUnrestrictedStockValue
|
54000 | |
CY2021Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
197000 | |
CY2021Q2 | us-gaap |
Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
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25000 | |
CY2021Q2 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
439000 | |
CY2021Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
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CY2021Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
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CY2020Q2 | awre |
Unbilled Receivables Current Billings
UnbilledReceivablesCurrentBillings
|
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CY2020Q2 | us-gaap |
Unbilled Receivables Current
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us-gaap |
Use Of Estimates
UseOfEstimates
|
<p style="text-align:justify;margin-bottom:0pt;margin-top:20pt;text-indent:0%;font-style:italic;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;text-transform:none;font-variant: normal;">Use of Estimates</p> <p style="margin-top:10pt;text-align:justify;margin-bottom:0pt;margin-left:5.39%;text-indent:0%;;font-style:normal;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;text-transform:none;font-variant: normal;">The preparation of our financial statements in conformity with accounting principles generally accepted in the United States of America requires us 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 amount of revenues and expenses during the reporting period. <span style="color:#000000;">The most significant estimates included in the financial statements pertain to revenue recognition, reserves for doubtful accounts, valuation of intangible assets and goodwill recorded as part of the combinations and valuation allowance for deferred income tax assets.</span> Actual results could differ from those estimates.</p> | ||
awre |
Maximum Period Of Payment Of Transaction Price In Contract With Customer
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CY2021Q2 | us-gaap |
Revenue From Contract With Customer Including Assessed Tax
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Revenue From Contract With Customer Including Assessed Tax
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us-gaap |
Revenue From Contract With Customer Including Assessed Tax
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us-gaap |
Revenue From Contract With Customer Including Assessed Tax
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CY2021Q1 | us-gaap |
Unbilled Receivables Current
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Unbilled Receivables Current Revenue Recognized In Advance Of Billings
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CY2021Q2 | awre |
Unbilled Receivables Current Billings
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Contract With Customer Liability Revenue Recognized Additions Made During Period
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Contract With Customer Liability
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Unbilled Receivables Current Revenue Recognized In Advance Of Billings
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Unbilled Receivables Current Billings
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Unbilled Receivables Current Billings
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Contract With Customer Liability Increase Decrease For Contract Acquired In Business Combination
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Contract With Customer Liability Revenue Recognized Additions Made During Period
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Percentage Of Remaining Performance Obligations Expected To Be Recognized As Revenue
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0.72 | ||
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Minimum Period Of Remaining Performance Obligations
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Revenue Remaining Performance Obligation
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Cash And Cash Equivalents At Carrying Value
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Cash And Cash Equivalents At Carrying Value
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38600000 | |
CY2020Q2 | us-gaap |
Income Tax Expense Benefit
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|
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Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
|
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CY2020Q4 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Next Rolling Twelve Months
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|
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CY2020Q4 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Rolling Year Two
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176000 | |
CY2020Q4 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Rolling Year Three
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Finite Lived Intangible Assets Amortization Expense Rolling Year Four
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Finite Lived Intangible Assets Amortization Expense Rolling After Year Four
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345000 | |
CY2020Q4 | us-gaap |
Finite Lived Intangible Assets Net
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|
1130000 | |
CY2021Q2 | us-gaap |
Net Income Loss
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|
-1542000 | |
CY2020Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-3141000 | |
us-gaap |
Net Income Loss
NetIncomeLoss
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-2990000 | ||
us-gaap |
Net Income Loss
NetIncomeLoss
|
-4201000 | ||
CY2021Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
21497000 | |
CY2020Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
21470000 | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
21495000 | ||
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
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|
21495000 | ||
CY2021Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
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|
21497000 | |
CY2020Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
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|
21470000 | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
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|
21495000 | ||
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
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|
21495000 | ||
CY2021Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.07 | |
CY2020Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.15 | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.14 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.20 | ||
CY2021Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.07 | |
CY2020Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.15 | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.14 | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.20 | ||
CY2021Q2 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
439000 | |
CY2020Q2 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
230000 | |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-700000 | ||
CY2021Q2 | awre |
Estimated Benefit Amount Federal Tax Refund Receivable
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|
1500000 | |
us-gaap |
Allocated Share Based Compensation Expense
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|
636000 | ||
us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
313000 | ||
CY2021Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
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us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
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