$BCHT
Birchtech Corp.

2024 Q2 Form 10-K Financial Statement

#000147793224002170 Filed on April 16, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2023 Q4 2023
Revenue $3.361M $4.069M $17.94M
YoY Change -18.25% -28.16% -17.02%
Cost Of Revenue $2.301M $3.054M $12.17M
YoY Change -13.21% -19.38% -16.62%
Gross Profit $1.061M $1.015M $5.768M
YoY Change -27.39% -45.9% -5.44%
Gross Profit Margin 31.55% 24.94% 32.15%
Selling, General & Admin $4.634M $8.047M $14.21M
YoY Change 162.93% 339.3% 132.23%
% of Gross Profit 436.93% 793.16% 246.3%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.043K $58.46K $12.93K
YoY Change 92.08% 13.23% 10.69%
% of Gross Profit 0.1% 5.76% 0.22%
Operating Expenses -$4.634M $8.047M $14.43M
YoY Change -362.93% 339.3% 135.83%
Operating Profit -$3.574M -$7.032M -$8.658M
YoY Change 1083.85% -16248.04% 49601.35%
Interest Expense $5.817K -$343.2K $1.362M
YoY Change -98.29% -0.87% -13.25%
% of Operating Profit
Other Income/Expense, Net -$2.585M -$10.60M $15.04M
YoY Change 2004.4% 3156.77% -1975.9%
Pretax Income -$6.159M $9.416M $6.377M
YoY Change 705.99% -1599.37% -507.89%
Income Tax -$346.00 $473.2K $473.2K
% Of Pretax Income 5.03% 7.42%
Net Earnings -$6.159M $8.943M $5.904M
YoY Change 705.7% -1484.34% -473.32%
Net Earnings / Revenue -183.24% 219.8% 32.91%
Basic Earnings Per Share $0.06
Diluted Earnings Per Share -$0.07 $0.08 $0.06
COMMON SHARES
Basic Shares Outstanding 94.37M shares 94.32M shares 94.17M shares
Diluted Shares Outstanding 97.45M shares

Balance Sheet

Concept 2024 Q2 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $8.439M $20.94M $20.94M
YoY Change 333.62% 1292.06% 1292.06%
Cash & Equivalents $8.439M $20.94M
Short-Term Investments
Other Short-Term Assets $139.1K $183.6K $183.6K
YoY Change 58.28% -31.33% -31.33%
Inventory $965.0K $795.2K $795.2K
Prepaid Expenses
Receivables $1.784M $2.233M $2.233M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $11.33M $24.15M $24.15M
YoY Change 127.98% 335.92% 335.92%
LONG-TERM ASSETS
Property, Plant & Equipment $1.661M $1.596M $1.607M
YoY Change -9.13% -12.72% -14.55%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $3.500K $5.180K $5.180K
YoY Change -65.62% -49.12% -49.12%
Total Long-Term Assets $3.422M $3.316M $3.316M
YoY Change -6.92% -12.74% -12.74%
TOTAL ASSETS
Total Short-Term Assets $11.33M $24.15M $24.15M
Total Long-Term Assets $3.422M $3.316M $3.316M
Total Assets $14.75M $27.47M $27.47M
YoY Change 70.61% 194.08% 194.08%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.260M $1.558M $1.558M
YoY Change -26.6% -47.11% -47.11%
Accrued Expenses $595.5K $20.09K $20.09K
YoY Change 1701.24% -81.86% -81.86%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $3.238M
YoY Change
Total Short-Term Liabilities $6.498M $2.183M $2.183M
YoY Change 98.19% -32.29% -32.29%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $11.22M $11.22M
YoY Change -100.0% 13.52% 13.52%
Other Long-Term Liabilities $6.019M $14.85M $14.85M
YoY Change 52.3% 306.84% 306.84%
Total Long-Term Liabilities $6.019M $26.07M $26.07M
YoY Change -58.48% 92.63% 92.63%
TOTAL LIABILITIES
Total Short-Term Liabilities $6.498M $2.183M $2.183M
Total Long-Term Liabilities $6.019M $26.07M $26.07M
Total Liabilities $12.52M $28.25M $28.25M
YoY Change -29.59% 68.59% 68.59%
SHAREHOLDERS EQUITY
Retained Earnings -$71.51M -$62.79M
YoY Change 0.85% -8.59%
Common Stock $96.05K $94.36K
YoY Change 1.89% 1.37%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.233M -$782.9K -$782.9K
YoY Change
Total Liabilities & Shareholders Equity $14.75M $27.47M $27.47M
YoY Change 70.61% 194.08% 194.08%

Cashflow Statement

Concept 2024 Q2 2023 Q4 2023
OPERATING ACTIVITIES
Net Income -$6.159M $8.943M $5.904M
YoY Change 705.7% -1484.34% -473.32%
Depreciation, Depletion And Amortization $1.043K $58.46K $12.93K
YoY Change 92.08% 13.23% 10.69%
Cash From Operating Activities -$2.683M $18.44M $19.23M
YoY Change 392.3% 4101.95% 26983.12%
INVESTING ACTIVITIES
Capital Expenditures $66.27K $0.00 $0.00
YoY Change -100.0%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$66.27K $0.00 $0.00
YoY Change -100.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 0.000 -500.0 $209.5K
YoY Change -99.74% 276.42%
NET CHANGE
Cash From Operating Activities -2.683M 18.44M $19.23M
Cash From Investing Activities -66.27K 0.000 $0.00
Cash From Financing Activities 0.000 -500.0 $209.5K
Net Change In Cash -2.750M 18.44M $19.44M
YoY Change 404.46% 7361.06% 16666.63%
FREE CASH FLOW
Cash From Operating Activities -$2.683M $18.44M $19.23M
Capital Expenditures $66.27K $0.00 $0.00
Free Cash Flow -$2.750M $18.44M $19.23M
YoY Change 4101.95% 31804.08%

Facts In Submission

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CY2022 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
79188 usd
CY2023 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
40924 usd
CY2022 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
338535 usd
CY2023 sdff Amortization Of Patents
AmortizationOfPatents
205534 usd
CY2022 sdff Amortization Of Patents
AmortizationOfPatents
204600 usd
CY2023 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
12927 usd
CY2022 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
11679 usd
CY2023 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
219707 usd
CY2022 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2023 sdff Gain Loss On Change In Fair Value Of Profit Share
GainLossOnChangeInFairValueOfProfitShare
11209677 usd
CY2022 sdff Gain Loss On Change In Fair Value Of Profit Share
GainLossOnChangeInFairValueOfProfitShare
801517 usd
CY2023 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
544396 usd
CY2022 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-1762554 usd
CY2023 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
195967 usd
CY2022 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
84270 usd
CY2023 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
88772 usd
CY2022 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-59030 usd
CY2023 sdff Increase Decrease Accrued Salaries
IncreaseDecreaseAccruedSalaries
-58542 usd
CY2022 sdff Increase Decrease Accrued Salaries
IncreaseDecreaseAccruedSalaries
-494952 usd
CY2023 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-950564 usd
CY2022 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
679124 usd
CY2023 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-43394 usd
CY2022 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-340207 usd
CY2023 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
19226037 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
70989 usd
CY2023 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
0 usd
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
10727 usd
CY2023 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
0 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-10727 usd
CY2023 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
209500 usd
CY2022 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
58333 usd
CY2023 sdff Payments Of Equipment Notes Payable
PaymentsOfEquipmentNotesPayable
0 usd
CY2022 sdff Payments Of Equipment Notes Payable
PaymentsOfEquipmentNotesPayable
2677 usd
CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
209500 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
55656 usd
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
19435537 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
115918 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1504225 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1388307 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
20939762 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1504225 usd
CY2023 us-gaap Interest Paid Net
InterestPaidNet
19721 usd
CY2022 us-gaap Interest Paid Net
InterestPaidNet
52643 usd
CY2023 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
0 usd
CY2022 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
0 usd
CY2023 sdff Common Stock Issued For Prepaid Services
CommonStockIssuedForPrepaidServices
0 usd
CY2022 sdff Common Stock Issued For Prepaid Services
CommonStockIssuedForPrepaidServices
53333 usd
CY2023 sdff Common Stock Issued For Consulting Services
CommonStockIssuedForConsultingServices
0 usd
CY2022 sdff Common Stock Issued For Consulting Services
CommonStockIssuedForConsultingServices
106667 usd
CY2023 sdff Cash Provided By Operating Activities
CashProvidedByOperatingActivities
19000000 usd
CY2023Q4 sdff Working Capital
WorkingCapital
22000000 usd
CY2023Q4 sdff Retained Earning Accumulated Deficit
RetainedEarningAccumulatedDeficit
-63000000 usd
CY2023 us-gaap Use Of Estimates
UseOfEstimates
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, valuation of equity issuances and disclosures of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenue and expenses during the reporting period. The Company uses estimates in accounting for, among other items, profit share liability, revenue recognition, allowance for doubtful accounts, stock-based compensation, income tax provisions, excess and obsolete inventory reserve and impairment of intellectual property. Actual results could differ from those estimates.</p>
CY2023 sdff Intellectual Property Estimated Useful Life
IntellectualPropertyEstimatedUsefulLife
P15Y
CY2023 sdff Impairment Of Property Plant Equipment Properties
ImpairmentOfPropertyPlantEquipmentProperties
219707 usd
CY2023 us-gaap Revenues
Revenues
17940370 usd
CY2022 us-gaap Revenues
Revenues
21620153 usd
CY2023Q4 us-gaap Premiums Receivable Allowance For Doubtful Accounts
PremiumsReceivableAllowanceForDoubtfulAccounts
0 usd
CY2023 us-gaap Stock Or Units Available For Distributions
StockOrUnitsAvailableForDistributions
3280702 shares
CY2023 us-gaap Net Income Loss
NetIncomeLoss
5904013 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-1581476 usd
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
94171695 shares
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
90025209 shares
CY2023 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.06
CY2022 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-0.02
CY2023 us-gaap Net Income Loss
NetIncomeLoss
5904013 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-1581476 usd
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
94171695 shares
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
90025209 shares
CY2023 sdff Stock Options Effect Of Diluted Securities
StockOptionsEffectOfDilutedSecurities
3280702 shares
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
97452397 shares
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
90025209 shares
CY2023 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.06
CY2022 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-0.02
CY2023 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Financial instruments that subject the Company to credit risk consist of cash and equivalents on deposit with financial institutions and accounts receivable. The Company’s cash as of December 31, 2023 and 2022 is maintained at high-quality financial institutions and has not incurred any losses to date. </p>
CY2023Q4 us-gaap Inventory Net
InventoryNet
795164 usd
CY2022Q4 us-gaap Inventory Net
InventoryNet
991131 usd
CY2023Q4 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsAmortizedCost
204600 usd
CY2023Q4 us-gaap Available For Sale Securities Debt Maturities After Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsAmortizedCost
204600 usd
CY2023Q4 us-gaap Available For Sale Securities Debt Maturities Single Maturity Date Amortized Cost Basis
AvailableForSaleSecuritiesDebtMaturitiesSingleMaturityDateAmortizedCostBasis
204600 usd
CY2023Q4 sdff Available For Sale Securities Debts Maturities Single Maturity Date Amortized Cost Basis
AvailableForSaleSecuritiesDebtsMaturitiesSingleMaturityDateAmortizedCostBasis
681063 usd
CY2023Q4 sdff Available For Sale Securities Debts Maturity Single Maturity Date Amortized Cost Basis
AvailableForSaleSecuritiesDebtsMaturitySingleMaturityDateAmortizedCostBasis
1704063 usd
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
2043936 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
2062358 usd
CY2023Q4 sdff Less Accumulated Depreciation
LessAccumulatedDepreciation
-2035978 usd
CY2022Q4 sdff Less Accumulated Depreciation
LessAccumulatedDepreciation
-2041473 usd
CY2023Q4 us-gaap Inventory Real Estate Construction In Process
InventoryRealEstateConstructionInProcess
1588000 usd
CY2022Q4 us-gaap Inventory Real Estate Construction In Process
InventoryRealEstateConstructionInProcess
1807707 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1595958 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1828592 usd
CY2023 us-gaap Depreciation
Depreciation
12927 usd
CY2022 us-gaap Depreciation
Depreciation
11679 usd
CY2023Q4 sdff Licenses And Patents
LicensesAndPatents
3068995 usd
CY2022Q4 sdff Licenses And Patents
LicensesAndPatents
3068995 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
-1364932 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
-1159398 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
1704063 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
1909597 usd
CY2023 us-gaap Adjustment For Amortization
AdjustmentForAmortization
205534 usd
CY2022 us-gaap Adjustment For Amortization
AdjustmentForAmortization
204600 usd
CY2023Q4 us-gaap Available For Sale Securities Debt Maturities Within One Year Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost
204600 usd
CY2023Q4 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost
204600 usd
CY2023 us-gaap Interest Expense Other
InterestExpenseOther
19504 usd
CY2022 us-gaap Interest Expense Other
InterestExpenseOther
3259 usd
CY2023 sdff Unamortized Balance Of Discount
UnamortizedBalanceOfDiscount
32220 usd
CY2022 sdff Unamortized Balance Of Discount
UnamortizedBalanceOfDiscount
51724 usd
CY2023 us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
4500000 usd
CY2023 us-gaap Schedule Of Closed Block Assets And Liabilities
ScheduleOfClosedBlockAssetsAndLiabilities
<table cellpadding="0" style="border-spacing:0;text-align:left;font:10pt times new roman;width:100%"><tbody><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px">Profit Share as of January 1, 2023</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">3,638,260</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px">Addition</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px">Loss on change in fair value of profit share</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">11,209,677</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px">Profit Share as of December 31, 2023</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">14,847,937</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px">Profit Share as of January 1, 2022</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">2,836,743</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px">Addition</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px">Loss on change in fair value of profit share</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">801,517</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px">Profit Share as of December 31, 2022</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">3,638,260</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr></tbody></table>
CY2023 sdff Profit Share Beginning Balance
ProfitShareBeginningBalance
3638260 usd
CY2023 sdff Addition
Addition
0 usd
CY2023 us-gaap Gain Loss On Foreign Currency Fair Value Hedge Derivatives
GainLossOnForeignCurrencyFairValueHedgeDerivatives
11209677 usd
CY2023 sdff Profit Share Ending Balance
ProfitShareEndingBalance
14847937 usd
CY2022 sdff Profit Share Beginning Balance
ProfitShareBeginningBalance
2836743 usd
CY2022 sdff Addition
Addition
0 usd
CY2022 us-gaap Gain Loss On Foreign Currency Fair Value Hedge Derivatives
GainLossOnForeignCurrencyFairValueHedgeDerivatives
801517 usd
CY2022 sdff Profit Share Ending Balance
ProfitShareEndingBalance
3638260 usd
CY2023Q1 us-gaap Taxes And Licenses
TaxesAndLicenses
12500 usd
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
10639 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
51563 usd
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
11157 usd
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
43262 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
0 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
11289 usd
CY2023Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
11250 usd
CY2023Q4 us-gaap Operating Leases Future Minimum Payments Due In Four And Five Years
OperatingLeasesFutureMinimumPaymentsDueInFourAndFiveYears
11250 usd
CY2023Q4 sdff Less Discount
LessDiscount
-93 usd
CY2023Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
11157 usd
CY2023Q4 sdff Less Current Portion
LessCurrentPortion
-11157 usd
CY2023Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
0 usd
CY2023 sdff Operating Lease Weighted Average Remaining Leases Term
OperatingLeaseWeightedAverageRemainingLeasesTerm
P0Y3M
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.05 pure
CY2023 us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
45000 usd
CY2022 us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
260360 usd
CY2023Q4 us-gaap Finance Lease Right Of Use Asset Accumulated Amortization
FinanceLeaseRightOfUseAssetAccumulatedAmortization
40924 usd
CY2022Q4 us-gaap Finance Lease Right Of Use Asset Accumulated Amortization
FinanceLeaseRightOfUseAssetAccumulatedAmortization
338535 usd
CY2023 us-gaap Operating Lease Cost
OperatingLeaseCost
45310 usd
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
338535 usd
CY2023 sdff Stock Based Compensation Expense
StockBasedCompensationExpense
520449 usd
CY2022 sdff Stock Based Compensation Expense
StockBasedCompensationExpense
671681 usd
CY2022Q2 sdff Option Value
OptionValue
143745 usd
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P2Y6M
CY2023 sdff Share Based Goods And Nonemployee Services Transaction Valuation Method Expected Volatility Rate Percent
ShareBasedGoodsAndNonemployeeServicesTransactionValuationMethodExpectedVolatilityRatePercent
0.9683 pure
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Discount For Postvesting Restrictions
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsDiscountForPostvestingRestrictions
0.0262 pure
CY2022Q2 sdff Exercisable Per Share
ExercisablePerShare
0.21
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
18876912 shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
0.50
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P2Y3M21D
CY2023 sdff Aggregate Intrinsic Value Beginning Balance
AggregateIntrinsicValueBeginningBalance
246666 usd
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
500000 shares
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
0.40
CY2023 sdff Number Of Shares Expirations
NumberOfSharesExpirations
-613573 shares
CY2023 us-gaap Warrant Exercise Price Decrease
WarrantExercisePriceDecrease
0.32
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Exercised
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercised
1725839 shares
CY2023 sdff Weighted Average Exercise Price Exercises
WeightedAverageExercisePriceExercises
0.24
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
17037500 shares
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
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P1Y5M19D
CY2023 sdff Aggregate Intrinsic Value Ending
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CY2023 sdff Stock Issued During Period Shares Stock Options Exercisable
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CY2023 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
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CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
6938875 usd
CY2023Q4 us-gaap Sale Of Stock Price Per Share
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0.92
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CY2023 sdff Stock Issued During Period Shares Stock Options Exercised For Cashless
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CY2023 us-gaap Income Loss From Subsidiaries Tax Expense Benefit
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473000 usd
CY2022 us-gaap Income Loss From Subsidiaries Tax Expense Benefit
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CY2023 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.098 pure
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CY2023 sdff Other Non Deductible Items
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0.019 pure
CY2023 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Charitable Contributions
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0.417 pure
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-0.108 pure
CY2023 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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-0.703 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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0.120 pure
CY2023 us-gaap Effective Income Tax Rate Continuing Operations
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0.084 pure
CY2022 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
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CY2023Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
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2751000 usd
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DeferredTaxAssetsOperatingLossCarryforwards
6495000 usd
CY2023Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
1517000 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
2008000 usd
CY2023Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Other
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsOther
186000 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Other
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsOther
23000 usd
CY2023Q4 us-gaap Deferred Tax Assets Net
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4454000 usd
CY2022Q4 us-gaap Deferred Tax Assets Net
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8526000 usd
CY2023Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
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0 usd
CY2022Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
1000 usd
CY2023Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets
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0 usd
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98000 usd
CY2023Q4 us-gaap Deferred Tax Liabilities
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0 usd
CY2022Q4 us-gaap Deferred Tax Liabilities
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99000 usd
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4454000 usd
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CY2023Q4 us-gaap Deferred Tax Assets Liabilities Net
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0 usd
CY2022Q4 us-gaap Deferred Tax Assets Liabilities Net
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0 usd
CY2023 sdff Valuation Allowances Deferred Tax Asset Change In Amount
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CY2022 sdff Valuation Allowances Deferred Tax Asset Change In Amount
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-188000 usd

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