2022 Q3 Form 10-Q Financial Statement

#000121390022048102 Filed on August 15, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022 Q1
Revenue $5.262M $4.234M $3.341M
YoY Change 26.13% -2.4% 2.8%
Cost Of Revenue $3.854M $3.174M $2.402M
YoY Change 44.18% 16.14% 28.45%
Gross Profit $1.408M $1.060M $939.0K
YoY Change -6.07% -33.96% -32.45%
Gross Profit Margin 26.76% 25.04% 28.11%
Selling, General & Admin $1.501M $1.524M $1.419M
YoY Change -2.66% -4.69% -11.86%
% of Gross Profit 106.61% 143.77% 151.12%
Research & Development $382.0K $498.0K $541.0K
YoY Change -42.12% -20.06% -15.47%
% of Gross Profit 27.13% 46.98% 57.61%
Depreciation & Amortization $22.00K $26.00K $55.00K
YoY Change -73.17% -85.39% -38.89%
% of Gross Profit 1.56% 2.45% 5.86%
Operating Expenses $1.883M $2.022M $1.960M
YoY Change -14.49% -9.0% -12.5%
Operating Profit -$475.0K -$962.0K -$1.021M
YoY Change -32.43% 55.92% 20.12%
Interest Expense $228.0K $192.0K -$133.0K
YoY Change -294.87% 43.28% 2.31%
% of Operating Profit
Other Income/Expense, Net $0.00 $0.00
YoY Change -100.0% -100.0%
Pretax Income -$703.0K -$1.154M -$1.154M
YoY Change 249.75% -170.97% 181.46%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$703.0K -$1.154M -$1.153M
YoY Change 249.75% -170.97% 178.5%
Net Earnings / Revenue -13.36% -27.26% -34.51%
Basic Earnings Per Share -$0.05 -$0.09
Diluted Earnings Per Share -$0.05 -$0.09 -$87.92K
COMMON SHARES
Basic Shares Outstanding 13.34M shares 13.32 shares
Diluted Shares Outstanding 13.33M shares 13.32K shares

Balance Sheet

Concept 2022 Q3 2022 Q2 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $167.0K $361.0K $110.0K
YoY Change -38.38% 4.94% 83.33%
Cash & Equivalents $167.0K $361.0K
Short-Term Investments
Other Short-Term Assets $756.0K $800.0K $1.077M
YoY Change -50.16% -31.8% -9.5%
Inventory $4.158M $4.967M $4.967M
Prepaid Expenses
Receivables $3.152M $2.457M $1.385M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $8.233M $8.585M $7.539M
YoY Change 7.78% 20.69% 18.54%
LONG-TERM ASSETS
Property, Plant & Equipment $245.0K $249.0K $2.038M
YoY Change -90.12% -90.8% -21.92%
Goodwill $493.0K $493.0K
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $635.0K $665.0K $719.0K
YoY Change -7.97% -7.25% -2.84%
Total Long-Term Assets $7.046M $3.712M $3.995M
YoY Change 56.89% -22.59% -16.07%
TOTAL ASSETS
Total Short-Term Assets $8.233M $8.585M $7.539M
Total Long-Term Assets $7.046M $3.712M $3.995M
Total Assets $15.28M $12.30M $11.53M
YoY Change 25.96% 3.27% 3.72%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.654M $3.061M $3.060M
YoY Change 23.5% 38.57% 38.46%
Accrued Expenses $1.399M $1.615M $1.455M
YoY Change 4.25% 2.15% -1.02%
Deferred Revenue
YoY Change
Short-Term Debt $4.318M $3.918M $2.180M
YoY Change 109.82% 139.93% 75.81%
Long-Term Debt Due $69.00K $69.00K $70.00K
YoY Change -2.82% -5.48% 250.0%
Total Short-Term Liabilities $8.464M $8.687M $6.799M
YoY Change 50.07% 57.52% 36.8%
LONG-TERM LIABILITIES
Long-Term Debt $1.638M $1.593M $1.551M
YoY Change 7.06% 6.98% -49.48%
Other Long-Term Liabilities $4.240M $549.0K $773.0K
YoY Change 251.87% -61.17% -51.08%
Total Long-Term Liabilities $5.878M $2.142M $2.324M
YoY Change 114.92% -26.21% -50.02%
TOTAL LIABILITIES
Total Short-Term Liabilities $8.464M $8.687M $6.799M
Total Long-Term Liabilities $5.878M $2.142M $2.324M
Total Liabilities $14.34M $10.83M $9.123M
YoY Change 71.25% 28.64% -5.17%
SHAREHOLDERS EQUITY
Retained Earnings -$30.32M -$29.62M
YoY Change
Common Stock $32.19M $32.02M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $937.0K $1.468M $2.412M
YoY Change
Total Liabilities & Shareholders Equity $15.28M $12.30M $11.53M
YoY Change 25.96% 3.27% 3.72%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022 Q1
OPERATING ACTIVITIES
Net Income -$703.0K -$1.154M -$1.153M
YoY Change 249.75% -170.97% 178.5%
Depreciation, Depletion And Amortization $22.00K $26.00K $55.00K
YoY Change -73.17% -85.39% -38.89%
Cash From Operating Activities -$220.0K -$1.450M $78.00K
YoY Change -70.78% -1250.79% -66.09%
INVESTING ACTIVITIES
Capital Expenditures -$18.00K -$20.00K -$4.000K
YoY Change 350.0% -68.25% -110.0%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$18.00K -$20.00K -$4.000K
YoY Change 350.0% -68.25% -90.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 44.00K 1.721M -238.0K
YoY Change -93.57% 711.79% 13.33%
NET CHANGE
Cash From Operating Activities -220.0K -1.450M 78.00K
Cash From Investing Activities -18.00K -20.00K -4.000K
Cash From Financing Activities 44.00K 1.721M -238.0K
Net Change In Cash -194.0K 251.0K -164.0K
YoY Change 165.75% -8.73% 720.0%
FREE CASH FLOW
Cash From Operating Activities -$220.0K -$1.450M $78.00K
Capital Expenditures -$18.00K -$20.00K -$4.000K
Free Cash Flow -$202.0K -$1.430M $82.00K
YoY Change -73.03% -856.61% -56.84%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
dei Document Type
DocumentType
10-Q
dei Document Quarterly Report
DocumentQuarterlyReport
true
dei Document Period End Date
DocumentPeriodEndDate
2022-06-30
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2022
dei Document Transition Report
DocumentTransitionReport
false
dei Entity File Number
EntityFileNumber
1-14120
dei Entity Registrant Name
EntityRegistrantName
BLONDER TONGUE LABORATORIES, INC.
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
DE
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
52-1611421
dei Entity Address Address Line1
EntityAddressAddressLine1
One Jake Brown Road
dei Entity Address City Or Town
EntityAddressCityOrTown
Old Bridge
dei Entity Address State Or Province
EntityAddressStateOrProvince
NJ
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
08857
dei City Area Code
CityAreaCode
(732)
dei Local Phone Number
LocalPhoneNumber
679-4000
dei Security12b Title
Security12bTitle
NONE
dei Trading Symbol
TradingSymbol
NONE
dei Security Exchange Name
SecurityExchangeName
NONE
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
dei Entity Small Business
EntitySmallBusiness
true
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
dei Entity Shell Company
EntityShellCompany
false
CY2022Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
13336204 shares
CY2022Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
361000 usd
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
274000 usd
CY2022Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
240000 usd
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
240000 usd
CY2022Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
2457000 usd
CY2021Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
1765000 usd
CY2022Q2 us-gaap Inventory Net
InventoryNet
4967000 usd
CY2021Q4 us-gaap Inventory Net
InventoryNet
4854000 usd
CY2022Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
800000 usd
CY2021Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
785000 usd
CY2022Q2 us-gaap Assets Current
AssetsCurrent
8585000 usd
CY2021Q4 us-gaap Assets Current
AssetsCurrent
7678000 usd
CY2022Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
249000 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
290000 usd
CY2022Q2 bdr License Agreements Net
LicenseAgreementsNet
5000 usd
CY2021Q4 bdr License Agreements Net
LicenseAgreementsNet
7000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
741000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
755000 usd
CY2022Q2 us-gaap Goodwill
Goodwill
493000 usd
CY2021Q4 us-gaap Goodwill
Goodwill
493000 usd
CY2022Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
1559000 usd
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
1984000 usd
CY2022Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
665000 usd
CY2021Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
703000 usd
CY2022Q2 us-gaap Assets
Assets
12297000 usd
CY2021Q4 us-gaap Assets
Assets
11910000 usd
CY2022Q2 us-gaap Lines Of Credit Current
LinesOfCreditCurrent
3918000 usd
CY2021Q4 us-gaap Lines Of Credit Current
LinesOfCreditCurrent
2400000 usd
CY2022Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
69000 usd
CY2021Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
71000 usd
CY2022Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
863000 usd
CY2021Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
826000 usd
CY2022Q2 us-gaap Accounts Payable Current
AccountsPayableCurrent
3061000 usd
CY2021Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
2264000 usd
CY2022Q2 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
505000 usd
CY2021Q4 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
298000 usd
CY2022Q2 us-gaap Defined Benefit Pension Plan Liabilities Current
DefinedBenefitPensionPlanLiabilitiesCurrent
16000 usd
CY2021Q4 us-gaap Defined Benefit Pension Plan Liabilities Current
DefinedBenefitPensionPlanLiabilitiesCurrent
16000 usd
CY2022Q2 us-gaap Taxes Payable Current
TaxesPayableCurrent
24000 usd
CY2021Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
34000 usd
CY2022Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
231000 usd
CY2021Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
151000 usd
CY2022Q2 us-gaap Liabilities Current
LiabilitiesCurrent
8687000 usd
CY2021Q4 us-gaap Liabilities Current
LiabilitiesCurrent
6060000 usd
CY2022Q2 us-gaap Convertible Subordinated Debt Noncurrent
ConvertibleSubordinatedDebtNoncurrent
1426000 usd
CY2021Q4 us-gaap Convertible Subordinated Debt Noncurrent
ConvertibleSubordinatedDebtNoncurrent
1372000 usd
CY2022Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
549000 usd
CY2021Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
993000 usd
CY2022Q2 us-gaap Other Long Term Debt Noncurrent
OtherLongTermDebtNoncurrent
167000 usd
CY2021Q4 us-gaap Other Long Term Debt Noncurrent
OtherLongTermDebtNoncurrent
200000 usd
CY2022Q2 us-gaap Liabilities
Liabilities
10829000 usd
CY2021Q4 us-gaap Liabilities
Liabilities
8625000 usd
CY2022Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2021Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2022Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000 shares
CY2021Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000 shares
CY2022Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2021Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2022Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
50000000 shares
CY2021Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
25000000 shares
CY2022Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
13326000 shares
CY2022Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
13326000 shares
CY2021Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
13011000 shares
CY2021Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
13011000 shares
CY2022Q2 us-gaap Common Stock Value
CommonStockValue
13000 usd
CY2021Q4 us-gaap Common Stock Value
CommonStockValue
13000 usd
CY2022Q2 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
32003000 usd
CY2021Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
31513000 usd
CY2022Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-29617000 usd
CY2021Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-27310000 usd
CY2022Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-931000 usd
CY2021Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-931000 usd
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
1468000 usd
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
3285000 usd
CY2022Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
12297000 usd
CY2021Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
11910000 usd
CY2022Q2 us-gaap Revenues
Revenues
4234000 usd
CY2021Q2 us-gaap Revenues
Revenues
4338000 usd
us-gaap Revenues
Revenues
7575000 usd
us-gaap Revenues
Revenues
7589000 usd
CY2022Q2 us-gaap Cost Of Revenue
CostOfRevenue
3174000 usd
CY2021Q2 us-gaap Cost Of Revenue
CostOfRevenue
2733000 usd
us-gaap Cost Of Revenue
CostOfRevenue
5576000 usd
us-gaap Cost Of Revenue
CostOfRevenue
4599000 usd
CY2022Q2 us-gaap Gross Profit
GrossProfit
1060000 usd
CY2021Q2 us-gaap Gross Profit
GrossProfit
1605000 usd
us-gaap Gross Profit
GrossProfit
1999000 usd
us-gaap Gross Profit
GrossProfit
2990000 usd
CY2022Q2 us-gaap Selling Expense
SellingExpense
531000 usd
CY2021Q2 us-gaap Selling Expense
SellingExpense
634000 usd
us-gaap Selling Expense
SellingExpense
1037000 usd
us-gaap Selling Expense
SellingExpense
1165000 usd
CY2022Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
993000 usd
CY2021Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
965000 usd
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
1905000 usd
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
2044000 usd
CY2022Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
498000 usd
CY2021Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
623000 usd
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
1039000 usd
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
1261000 usd
CY2022Q2 us-gaap Operating Expenses
OperatingExpenses
2022000 usd
CY2021Q2 us-gaap Operating Expenses
OperatingExpenses
2222000 usd
us-gaap Operating Expenses
OperatingExpenses
3981000 usd
us-gaap Operating Expenses
OperatingExpenses
4470000 usd
CY2022Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-962000 usd
CY2021Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-617000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
-1982000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
-1480000 usd
CY2021Q2 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
1769000 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
1769000 usd
CY2021Q2 us-gaap Other Income
OtherIncome
608000 usd
us-gaap Other Income
OtherIncome
1185000 usd
CY2022Q2 us-gaap Interest Expense
InterestExpense
192000 usd
CY2021Q2 us-gaap Interest Expense
InterestExpense
134000 usd
us-gaap Interest Expense
InterestExpense
325000 usd
us-gaap Interest Expense
InterestExpense
262000 usd
CY2022Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-1154000 usd
CY2021Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1626000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-2307000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1212000 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
-1154000 usd
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
1626000 usd
us-gaap Net Income Loss
NetIncomeLoss
-2307000 usd
us-gaap Net Income Loss
NetIncomeLoss
1212000 usd
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.09
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.14
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.17
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.1
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.09
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.11
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.17
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.08
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
13.317 shares
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
11984 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
13222 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
11818 shares
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
13317 shares
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
15254 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
13222 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
15186 shares
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
3285000 usd
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
-1153000 usd
CY2022Q1 us-gaap Stock Issued During Period Value Share Based Compensation Gross
StockIssuedDuringPeriodValueShareBasedCompensationGross
121000 usd
CY2022Q1 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
62000 usd
CY2022Q1 us-gaap Stock Issued During Period Value Employee Stock Ownership Plan
StockIssuedDuringPeriodValueEmployeeStockOwnershipPlan
97000 usd
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
2412000 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
-1154000 usd
CY2022Q2 us-gaap Stock Issued During Period Value Share Based Compensation Gross
StockIssuedDuringPeriodValueShareBasedCompensationGross
172000 usd
CY2022Q2 us-gaap Stock Issued During Period Value Employee Stock Ownership Plan
StockIssuedDuringPeriodValueEmployeeStockOwnershipPlan
38000 usd
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
1468000 usd
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
1237000 usd
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
-414000 usd
CY2021Q1 us-gaap Conversion Of Stock Amount Issued1
ConversionOfStockAmountIssued1
186000 usd
CY2021Q1 us-gaap Stock Issued During Period Value Share Based Compensation Gross
StockIssuedDuringPeriodValueShareBasedCompensationGross
130000 usd
CY2021Q1 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
101000 usd
CY2021Q1 us-gaap Employee Stock Ownership Plan Esop Compensation Expense
EmployeeStockOwnershipPlanESOPCompensationExpense
261000 usd
CY2021Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
4000 usd
CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
1505000 usd
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
1626000 usd
CY2021Q2 us-gaap Stock Issued During Period Value Share Based Compensation Gross
StockIssuedDuringPeriodValueShareBasedCompensationGross
159000 usd
CY2021Q2 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
103000 usd
CY2021Q2 us-gaap Employee Stock Ownership Plan Esop Compensation Expense
EmployeeStockOwnershipPlanESOPCompensationExpense
51000 usd
CY2021Q2 us-gaap Stock And Warrants Issued During Period Value Preferred Stock And Warrants
StockAndWarrantsIssuedDuringPeriodValuePreferredStockAndWarrants
46000 usd
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
3490000 usd
us-gaap Net Income Loss
NetIncomeLoss
-2307000 usd
us-gaap Net Income Loss
NetIncomeLoss
1212000 usd
bdr Gain On Debt Forgiveness
GainOnDebtForgiveness
1769000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
293000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
289000 usd
us-gaap Depreciation
Depreciation
58000 usd
us-gaap Depreciation
Depreciation
65000 usd
us-gaap Adjustment For Amortization
AdjustmentForAmortization
23000 usd
us-gaap Adjustment For Amortization
AdjustmentForAmortization
113000 usd
bdr Amortization Of Loan Fees
AmortizationOfLoanFees
30000 usd
bdr Amortization Of Loan Fees
AmortizationOfLoanFees
30000 usd
bdr Amortization Of Subordinated Debt Discount
AmortizationOfSubordinatedDebtDiscount
31000 usd
bdr Amortization Of Subordinated Debt Discount
AmortizationOfSubordinatedDebtDiscount
78000 usd
us-gaap Noncash Contribution Expense
NoncashContributionExpense
85000 usd
us-gaap Noncash Contribution Expense
NoncashContributionExpense
77000 usd
bdr Amortization Of Right Of Use Assets
AmortizationOfRightOfUseAssets
425000 usd
bdr Amortization Of Right Of Use Assets
AmortizationOfRightOfUseAssets
391000 usd
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-62000 usd
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
240000 usd
us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
3000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
692000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
79000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
113000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-287000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
15000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
942000 usd
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-8000 usd
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-9000 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-407000 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-390000 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
1271000 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
512000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-1372000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
126000 usd
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
17000 usd
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
8000 usd
us-gaap Payments To Acquire Other Productive Assets
PaymentsToAcquireOtherProductiveAssets
7000 usd
us-gaap Payments To Acquire Other Productive Assets
PaymentsToAcquireOtherProductiveAssets
55000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-24000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-63000 usd
us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
1518000 usd
us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
-512000 usd
bdr Proceeds From Subordinated Convertible Debt
ProceedsFromSubordinatedConvertibleDebt
700000 usd
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
4000 usd
us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
46000 usd
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
35000 usd
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
26000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1483000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
212000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
87000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
275000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
274000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
69000 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
361000 usd
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
344000 usd
us-gaap Interest Paid Net
InterestPaidNet
158000 usd
us-gaap Interest Paid Net
InterestPaidNet
119000 usd
us-gaap Income Taxes Paid
IncomeTaxesPaid
10000 usd
us-gaap Income Taxes Paid
IncomeTaxesPaid
9000 usd
bdr Stock Paid To Officers And Directors In Lieu Of Cash
StockPaidToOfficersAndDirectorsInLieuOfCash
135000 usd
bdr Stock Paid To Officers And Directors In Lieu Of Cash
StockPaidToOfficersAndDirectorsInLieuOfCash
312000 usd
us-gaap Stock Issued1
StockIssued1
276000 usd
bdr Conversion Of Subordinated Convertible Debt To Common Stock
ConversionOfSubordinatedConvertibleDebtToCommonStock
62000 usd
bdr Conversion Of Subordinated Convertible Debt To Common Stock
ConversionOfSubordinatedConvertibleDebtToCommonStock
204000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
60000 usd
us-gaap Basis Of Accounting
BasisOfAccounting
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>Note 1 – Company and Basis of Consolidation </b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Blonder Tongue Laboratories, Inc. (together with its consolidated subsidiaries, the “<b>Company</b>”) is a technology-development and manufacturing company that delivers television signal encoding, transcoding, digital transport, and broadband product solutions to the markets the Company serves, including the telecommunications, fiber optic and cable service provider markets, MDU market, the lodging/hospitality market and the institutional market, including campuses, hospitals, prisons and schools, primarily throughout the United States and Canada. The consolidated financial statements include the accounts of Blonder Tongue Laboratories, Inc. and its wholly-owned subsidiaries. Significant intercompany accounts and transactions have been eliminated in consolidation.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The accompanying unaudited condensed consolidated interim financial statements as of June 30, 2022 and for the three and six months ended June 30, 2022 and 2021 have been prepared in accordance with accounting principles generally accepted in the United States of America (“<b>GAAP</b>”) for interim financial information and pursuant to the instructions to Form 10-Q and Article 8 of Regulation S-X of the Securities and Exchange Commission (“<b>SEC</b>”). The accompanying unaudited condensed consolidated interim financial statements include all adjustments, consisting primarily of normal recurring adjustments, which the Company considers necessary for a fair presentation of the condensed consolidated financial position, operating results, changes in stockholders’ equity and cash flows for the periods presented. The condensed consolidated balance sheet at December 31, 2021 has been derived from audited consolidated financial statements. Certain information and footnote disclosures normally included in financial statements prepared in accordance with GAAP for complete financial statements have been condensed or omitted pursuant to SEC rules and regulations. The accompanying unaudited condensed consolidated interim financial statements should be read in conjunction with the consolidated financial statements for the year ended December 31, 2021 and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2021, which was filed with the SEC on March 31, 2022. The results of the three and six months ended June 30, 2022 are not necessarily indicative of results to be expected for the year ending December 31, 2022 or for any future interim period.</p>
us-gaap Use Of Estimates
UseOfEstimates
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><i>(a) Use of Estimates</i></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The Company’s significant estimates include stock-based compensation and reserves related to accounts receivable, inventories and deferred tax assets. Actual results could differ from those estimates.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p>
CY2021Q2 bdr Earnings Per Share Basic Income
EarningsPerShareBasicIncome
1626000 usd
CY2021Q2 bdr Basic Eps Shares
BasicEPSShares
11984000 shares
CY2021Q2 bdr Earning Per Share Basic
EarningPerShareBasic
0.14
CY2021Q2 bdr Earnings Per Share Diluted Income
EarningsPerShareDilutedIncome
1667000 usd
CY2021Q2 bdr Diluted Earnings Per Shares
DilutedEarningsPerShares
15254000 shares
CY2021Q2 bdr Earning Per Share Diluted
EarningPerShareDiluted
0.11
bdr Earnings Per Share Basic Income
EarningsPerShareBasicIncome
1212000 usd
bdr Basic Eps Shares
BasicEPSShares
11818000 shares
bdr Earning Per Share Basic
EarningPerShareBasic
0.1
bdr Earnings Per Share Diluted Income
EarningsPerShareDilutedIncome
1290000 usd
bdr Diluted Earnings Per Shares
DilutedEarningsPerShares
15186000 shares
bdr Earning Per Share Diluted
EarningPerShareDiluted
0.08
CY2022Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
6701000 shares
CY2021Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
822000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
6369000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
438000 shares
bdr Amortization Of Debt Discount
AmortizationOfDebtDiscount
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><i>(c) Amortization of Debt Discount</i></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Company accounts for the amortization of the debt discount utilizing the effective interest method.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><i> </i></p>
CY2022Q2 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
3918000 usd
bdr Additional Availability
AdditionalAvailability
389000 usd
CY2022Q2 bdr Encoder And Transcoder Products
EncoderAndTranscoderProducts
-2163000 usd
CY2021Q2 bdr Encoder And Transcoder Products
EncoderAndTranscoderProducts
-1940000 usd
bdr Encoder And Transcoder Products
EncoderAndTranscoderProducts
-3681000 usd
bdr Encoder And Transcoder Products
EncoderAndTranscoderProducts
-3107000 usd
CY2022Q2 bdr Nexgen Products
NexgenProducts
-465000 usd
CY2021Q2 bdr Nexgen Products
NexgenProducts
-470000 usd
bdr Nexgen Products
NexgenProducts
-966000 usd
bdr Nexgen Products
NexgenProducts
-891000 usd
CY2022Q2 bdr Coax Distribution Products
CoaxDistributionProducts
-491000 usd
CY2021Q2 bdr Coax Distribution Products
CoaxDistributionProducts
-430000 usd
bdr Coax Distribution Products
CoaxDistributionProducts
-620000 usd
bdr Coax Distribution Products
CoaxDistributionProducts
-783000 usd
CY2021Q2 bdr Consumer Premises Equipment Products
ConsumerPremisesEquipmentProducts
-288000 usd
bdr Consumer Premises Equipment Products
ConsumerPremisesEquipmentProducts
-27000 usd
bdr Consumer Premises Equipment Products
ConsumerPremisesEquipmentProducts
-983000 usd
CY2022Q2 bdr Digital Video Headend Products
DigitalVideoHeadendProducts
-45000 usd
CY2021Q2 bdr Digital Video Headend Products
DigitalVideoHeadendProducts
-381000 usd
CY2021Q2 bdr Service Agreements And Design
ServiceAgreementsAndDesign
-171000 usd
bdr Digital Video Headend Products
DigitalVideoHeadendProducts
-422000 usd
bdr Digital Video Headend Products
DigitalVideoHeadendProducts
-502000 usd
CY2022Q2 bdr Analog Video Headend Products
AnalogVideoHeadendProducts
-138000 usd
CY2021Q2 bdr Analog Video Headend Products
AnalogVideoHeadendProducts
-238000 usd
bdr Analog Video Headend Products
AnalogVideoHeadendProducts
-237000 usd
bdr Analog Video Headend Products
AnalogVideoHeadendProducts
-482000 usd
CY2022Q2 bdr Data Products
DataProducts
-686000 usd
CY2021Q2 bdr Data Products
DataProducts
-284000 usd
bdr Data Products
DataProducts
-1140000 usd
bdr Data Products
DataProducts
-308000 usd
CY2022Q2 bdr Service Agreements And Design
ServiceAgreementsAndDesign
-92000 usd
bdr Service Agreements And Design
ServiceAgreementsAndDesign
-233000 usd
bdr Service Agreements And Design
ServiceAgreementsAndDesign
-241000 usd
CY2022Q2 bdr Fiber Optic Products
FiberOpticProducts
-114000 usd
CY2021Q2 bdr Fiber Optic Products
FiberOpticProducts
-73000 usd
bdr Fiber Optic Products
FiberOpticProducts
-158000 usd
bdr Fiber Optic Products
FiberOpticProducts
-152000 usd
CY2022Q2 bdr Other Revenue
OtherRevenue
-40000 usd
CY2021Q2 bdr Other Revenue
OtherRevenue
-63000 usd
bdr Other Revenue
OtherRevenue
-91000 usd
bdr Other Revenue
OtherRevenue
-140000 usd
CY2022Q2 us-gaap Revenues
Revenues
4234000 usd
CY2021Q2 us-gaap Revenues
Revenues
4338000 usd
us-gaap Revenues
Revenues
7575000 usd
us-gaap Revenues
Revenues
7589000 usd
CY2022Q2 us-gaap Inventory Raw Materials
InventoryRawMaterials
3093000 usd
CY2021Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
1824000 usd
CY2022Q2 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
1661000 usd
CY2021Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
2730000 usd
CY2022Q2 us-gaap Inventory Finished Goods
InventoryFinishedGoods
213000 usd
CY2021Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
300000 usd
CY2022Q2 us-gaap Inventory Net
InventoryNet
4967000 usd
CY2021Q4 us-gaap Inventory Net
InventoryNet
4854000 usd
CY2022Q2 bdr Net Realizable Value
NetRealizableValue
166000 usd
CY2021Q2 bdr Net Realizable Value
NetRealizableValue
0 usd
bdr Net Realizable Value
NetRealizableValue
222000 usd
bdr Net Realizable Value
NetRealizableValue
0 usd
bdr Deliverance Of Inventory Appraisal
DeliveranceOfInventoryAppraisal
500000 usd
CY2020Q2 bdr Term Loan Descriptions
TermLoanDescriptions
On April 7, 2020, the Company entered into a certain Consent and Amendment to Loan Agreement and Loan Documents with Midcap (the “MidCap First Amendment”), which amended the MidCap Facility to, among other things, remove the existing $400 availability block, subject to the same being re-imposed at the rate of approximately $7 per month commencing June 1, 2020.
CY2021Q3 bdr Loan Agreement
LoanAgreement
400000 usd
CY2022Q2 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
1000000 usd
CY2022Q2 bdr Parties Paid In Advance
PartiesPaidInAdvance
200000 usd
CY2022Q2 us-gaap Short Term Debt Percentage Bearing Fixed Interest Rate
ShortTermDebtPercentageBearingFixedInterestRate
0.01 pure
CY2020Q2 us-gaap Proceeds From Loans
ProceedsFromLoans
1769000 usd
CY2020Q2 bdr Paycheck Protection Program Description
PaycheckProtectionProgramDescription
The PPP, established as part of the Coronavirus Aid, Relief and Economic Security Act (“CARES Act”), provides for loans to qualifying businesses for amounts up to 2.5 times the average monthly payroll expenses of the qualifying business. The PPP Loan and accrued interest are forgivable after twenty-four weeks (the “Covered Period”) as long as the borrower uses the loan proceeds for eligible purposes, including payroll, benefits, rent and utilities, and maintains its payroll levels. The amount of loan forgiveness will be reduced if the borrower terminates employees or reduces salaries during the Covered Period.
CY2020Q2 us-gaap Investment Interest Rate
InvestmentInterestRate
0.0098 pure
CY2021 us-gaap Debt Securities Gain Loss
DebtSecuritiesGainLoss
1769000 usd
CY2021Q1 us-gaap Share Price
SharePrice
1.31
CY2021Q1 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
186000 usd
CY2021Q1 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
42000 shares
CY2021Q1 bdr Class Of Warrant Or Right Exercise Price Of Warrants Or Rights
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights
1
CY2022Q2 us-gaap Debt Instrument Increase Accrued Interest
DebtInstrumentIncreaseAccruedInterest
43000 usd
CY2021Q2 us-gaap Debt Instrument Increase Accrued Interest
DebtInstrumentIncreaseAccruedInterest
41000 usd
us-gaap Debt Instrument Increase Accrued Interest
DebtInstrumentIncreaseAccruedInterest
85000 usd
us-gaap Debt Instrument Increase Accrued Interest
DebtInstrumentIncreaseAccruedInterest
77000 usd
CY2022Q2 us-gaap Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
15000 usd
CY2021Q2 us-gaap Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
39000 usd
us-gaap Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
31000 usd
us-gaap Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
78000 usd
CY2022Q2 us-gaap Legal Fees
LegalFees
179000 usd
CY2021Q2 us-gaap Legal Fees
LegalFees
152000 usd
us-gaap Legal Fees
LegalFees
398000 usd
us-gaap Legal Fees
LegalFees
348000 usd
CY2022Q2 us-gaap Accounts Payable Related Parties Current And Noncurrent
AccountsPayableRelatedPartiesCurrentAndNoncurrent
463000 usd
CY2021Q4 us-gaap Accounts Payable Related Parties Current And Noncurrent
AccountsPayableRelatedPartiesCurrentAndNoncurrent
293000 usd
CY2022Q2 us-gaap Payments For Leasing Costs
PaymentsForLeasingCosts
223000 usd
CY2022Q2 us-gaap Asset Retirement Obligation Cash Paid To Settle
AssetRetirementObligationCashPaidToSettle
205000 usd
CY2021Q2 us-gaap Payments For Leasing Costs
PaymentsForLeasingCosts
198000 usd
CY2021Q2 us-gaap Asset Retirement Obligation Cash Paid To Settle
AssetRetirementObligationCashPaidToSettle
196000 usd
us-gaap Payments For Leasing Costs
PaymentsForLeasingCosts
425000 usd
us-gaap Asset Retirement Obligation Cash Paid To Settle
AssetRetirementObligationCashPaidToSettle
407000 usd
us-gaap Payments For Leasing Costs
PaymentsForLeasingCosts
391000 usd
us-gaap Asset Retirement Obligation Cash Paid To Settle
AssetRetirementObligationCashPaidToSettle
390000 usd
us-gaap Income Tax Holiday Termination Date
IncomeTaxHolidayTerminationDate
On July 29, 2022, the Company extended its lease by another five years, with a new termination date of January 31, 2029.
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
5 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Rolling Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextRollingTwelveMonths
461000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Two
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearTwo
943000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Three
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearThree
87000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
1491000 usd
CY2022Q2 bdr Present Value Discount
PresentValueDiscount
79000 usd
CY2022Q2 bdr Total Operatings Lease Liabilities
TotalOperatingsLeaseLiabilities
1412000 usd
CY2022Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P1Y7M2D
CY2022Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.065 pure
CY2022Q2 us-gaap Investment Owned Balance Principal Amount
InvestmentOwnedBalancePrincipalAmount
630000 usd
bdr Unsecured Interest Rate
UnsecuredInterestRate
0.12 pure
bdr Promissory Note Description
PromissoryNoteDescription
The Company was obligated to repay the principal balance of the note beginning in September 2021 and continuing thereafter for an additional five consecutive monthly installments on the 15th day of each successive calendar month, as follows: September 2021, $100, October 2021, $100, November 2021, $100, December 2021, $100, January 2022, $100 and February 2022, $140. Accrued interest was paid concurrently with each principal installment. Upon a default under the Note, including the non-payment of principal or interest, the Company’s obligations may be accelerated, and the Note holder may pursue its rights under the Note and under applicable law.
CY2022Q2 us-gaap Debt Instrument Annual Principal Payment
DebtInstrumentAnnualPrincipalPayment
866000 usd
CY2022Q2 us-gaap Asset Backed Securities At Carrying Value
AssetBackedSecuritiesAtCarryingValue
826000 usd
CY2021Q4 us-gaap Asset Backed Securities At Carrying Value
AssetBackedSecuritiesAtCarryingValue
638000 usd
CY2021 us-gaap Investment Tax Credit
InvestmentTaxCredit
1804000 usd
CY2021Q2 us-gaap Other Cost Of Operating Revenue
OtherCostOfOperatingRevenue
577000 usd
CY2021Q3 us-gaap Other Cost Of Operating Revenue
OtherCostOfOperatingRevenue
115000 usd
CY2021Q3 us-gaap Other Cost Of Operating Revenue
OtherCostOfOperatingRevenue
181000 usd
CY2021Q4 us-gaap Other Cost Of Operating Revenue
OtherCostOfOperatingRevenue
219000 usd
CY2021Q4 us-gaap Other Cost Of Operating Revenue
OtherCostOfOperatingRevenue
195000 usd
us-gaap Other Cost Of Operating Revenue
OtherCostOfOperatingRevenue
198000 usd
CY2021 bdr Maximum Credit Description
MaximumCreditDescription
The CAA and ARPA amendments to the ERTC program provide eligible employers with a tax credit in an amount equal to 70% of qualified wages (including certain health care expenses) that eligible employers pay their employees after January 1, 2021 through September 30, 2021. The maximum amount of qualified wages taken into account with respect to each employee for each calendar quarter is $10,000, so that the maximum credit that an eligible employer may claim for qualified wages paid to any employee is $7,000 per quarter. For purposes of the amended ERTC, an eligible employer is defined as having experienced a significant (20% or more) decline in gross receipts during each 2021 calendar quarter when compared with the same quarter in 2019. The credit is taken against the Company’s share of Social Security Tax when the Company’s payroll provider files the applicable quarterly tax filings on Form 941. At June 30, 2022, the Company is still owed $319 in ERTC funds which it expects to receive during the fourth quarter of 2022.
CY2022Q2 us-gaap Other Income
OtherIncome
usd
CY2022Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
usd
CY2021Q2 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
usd
bdr Gain On Debt Forgiveness
GainOnDebtForgiveness
usd
us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
usd
bdr Proceeds From Subordinated Convertible Debt
ProceedsFromSubordinatedConvertibleDebt
usd
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
usd
us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
usd
us-gaap Stock Issued1
StockIssued1
usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
usd
CY2022Q2 bdr Consumer Premises Equipment Products
ConsumerPremisesEquipmentProducts
usd
CY2022Q1 us-gaap Warrants And Rights Outstanding Term
WarrantsAndRightsOutstandingTerm
P5Y
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Entity Central Index Key
EntityCentralIndexKey
0001000683

Files In Submission

Name View Source Status
0001213900-22-048102-index-headers.html Edgar Link pending
0001213900-22-048102-index.html Edgar Link pending
0001213900-22-048102.txt Edgar Link pending
0001213900-22-048102-xbrl.zip Edgar Link pending
bdr-20220630.xsd Edgar Link pending
f10q0622ex31-1_blondertongue.htm Edgar Link pending
f10q0622ex31-2_blondertongue.htm Edgar Link pending
f10q0622ex32-1_blondertongue.htm Edgar Link pending
f10q0622_blondertongue.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
bdr-20220630_cal.xml Edgar Link unprocessable
bdr-20220630_def.xml Edgar Link unprocessable
bdr-20220630_lab.xml Edgar Link unprocessable
bdr-20220630_pre.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable
f10q0622_blondertongue_htm.xml Edgar Link completed
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R4.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending