2024 Q4 Form 10-Q Financial Statement

#000168316824008129 Filed on November 14, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3 2023 Q3
Revenue $11.48M $16.49M
YoY Change -30.35% 149.37%
Cost Of Revenue $10.25M $16.20M
YoY Change -36.73% 133.14%
Gross Profit $1.231M $283.0K
YoY Change 334.98% -183.48%
Gross Profit Margin 10.72% 1.72%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $700.0K $360.0K
YoY Change 94.44% 19.21%
% of Gross Profit 56.86% 127.21%
Operating Expenses -$51.00K $4.037M
YoY Change -101.26% -37.59%
Operating Profit $1.282M -$3.754M
YoY Change -134.15% -44.85%
Interest Expense $48.00K $4.000K
YoY Change 1100.0%
% of Operating Profit 3.74%
Other Income/Expense, Net $15.00K $125.0K
YoY Change -88.0% 594.44%
Pretax Income $1.297M -$3.629M
YoY Change -135.74% -46.55%
Income Tax $0.00 $0.00
% Of Pretax Income 0.0%
Net Earnings $1.297M -$3.629M
YoY Change -135.74% -46.55%
Net Earnings / Revenue 11.3% -22.01%
Basic Earnings Per Share $0.09 -$0.26
Diluted Earnings Per Share $0.09 -$0.26
COMMON SHARES
Basic Shares Outstanding 14.77M shares 14.62M shares 13.94M shares
Diluted Shares Outstanding 14.71M shares 13.94K shares

Balance Sheet

Concept 2024 Q4 2024 Q3 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $4.874M $14.76M
YoY Change -66.98% 215.38%
Cash & Equivalents $4.874M $14.76M
Short-Term Investments
Other Short-Term Assets $2.187M $2.650M
YoY Change -17.47% 71.41%
Inventory $12.71M $13.53M
Prepaid Expenses
Receivables $11.34M $14.89M
Other Receivables $0.00 $0.00
Total Short-Term Assets $31.12M $45.84M
YoY Change -32.11% 86.96%
LONG-TERM ASSETS
Property, Plant & Equipment $14.91M $1.912M
YoY Change 679.76% 20.03%
Goodwill $11.03M $4.600M
YoY Change 139.72% 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $106.0K $60.00K
YoY Change 76.67% -3.23%
Total Long-Term Assets $36.14M $17.00M
YoY Change 112.64% -6.94%
TOTAL ASSETS
Total Short-Term Assets $31.12M $45.84M
Total Long-Term Assets $36.14M $17.00M
Total Assets $67.26M $62.83M
YoY Change 7.05% 46.87%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $8.349M $7.206M
YoY Change 15.86% 88.1%
Accrued Expenses $2.968M $3.036M
YoY Change -2.24% 229.64%
Deferred Revenue $787.0K $498.0K
YoY Change 58.03% -64.3%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $62.00K $40.00K
YoY Change 55.0%
Total Short-Term Liabilities $13.25M $11.47M
YoY Change 15.56% -1.91%
LONG-TERM LIABILITIES
Long-Term Debt $215.0K $170.0K
YoY Change 26.47%
Other Long-Term Liabilities $3.372M $970.0K
YoY Change 247.63% -37.38%
Total Long-Term Liabilities $3.372M $1.140M
YoY Change 195.79% -26.4%
TOTAL LIABILITIES
Total Short-Term Liabilities $13.25M $11.47M
Total Long-Term Liabilities $3.372M $1.140M
Total Liabilities $20.84M $12.60M
YoY Change 65.34% -4.8%
SHAREHOLDERS EQUITY
Retained Earnings -$100.0M -$88.29M
YoY Change 13.28% 27.06%
Common Stock $15.00K $14.00K
YoY Change 7.14% 40.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $46.42M $50.23M
YoY Change
Total Liabilities & Shareholders Equity $67.26M $62.83M
YoY Change 7.05% 46.87%

Cashflow Statement

Concept 2024 Q4 2024 Q3 2023 Q3
OPERATING ACTIVITIES
Net Income $1.297M -$3.629M
YoY Change -135.74% -46.55%
Depreciation, Depletion And Amortization $700.0K $360.0K
YoY Change 94.44% 19.21%
Cash From Operating Activities -$2.954M -$8.710M
YoY Change -66.08% 4.95%
INVESTING ACTIVITIES
Capital Expenditures $191.0K $280.0K
YoY Change -31.79% -150.09%
Acquisitions
YoY Change
Other Investing Activities -$514.0K $0.00
YoY Change
Cash From Investing Activities -$705.0K -$280.0K
YoY Change 151.79% -49.91%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -178.0K 70.00K
YoY Change -354.29% -132.41%
NET CHANGE
Cash From Operating Activities -2.954M -8.710M
Cash From Investing Activities -705.0K -280.0K
Cash From Financing Activities -178.0K 70.00K
Net Change In Cash -3.837M -8.920M
YoY Change -56.98% -1.7%
FREE CASH FLOW
Cash From Operating Activities -$2.954M -$8.710M
Capital Expenditures $191.0K $280.0K
Free Cash Flow -$3.145M -$8.990M
YoY Change -65.02% 16.15%

Facts In Submission

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CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
53354000 usd
CY2023Q3 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
77000 usd
CY2023Q3 BEEM Stock Issued To Released From Escrow Account Unvested
StockIssuedToReleasedFromEscrowAccountUnvested
0 usd
CY2023Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
424000 usd
CY2023Q3 BEEM Warrants Exercised For Cash Value
WarrantsExercisedForCashValue
11000 usd
CY2023Q3 BEEM Expenses To Maintain Committed Equity Facility
ExpensesToMaintainCommittedEquityFacility
-7000 usd
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
-3629000 usd
CY2023Q3 us-gaap Stockholders Equity
StockholdersEquity
50230000 usd
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
49542000 usd
CY2024Q1 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
6000 usd
CY2024Q1 BEEM Stock Issued To Released From Escrow Account Unvested
StockIssuedToReleasedFromEscrowAccountUnvested
0 usd
CY2024Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
468000 usd
CY2024Q1 BEEM Warrants Exercised For Cash Value
WarrantsExercisedForCashValue
252000 usd
CY2024Q1 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent
-329000 usd
CY2024Q1 us-gaap Net Income Loss
NetIncomeLoss
-3037000 usd
CY2024Q1 us-gaap Stockholders Equity
StockholdersEquity
46902000 usd
CY2024Q2 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
6000 usd
CY2024Q2 BEEM Stock Issued To Released From Escrow Account Unvested
StockIssuedToReleasedFromEscrowAccountUnvested
0 usd
CY2024Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
446000 usd
CY2024Q2 BEEM Warrants Exercised For Cash Value
WarrantsExercisedForCashValue
558000 usd
CY2024Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent
-95000 usd
CY2024Q2 us-gaap Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
496000 usd
CY2024Q2 us-gaap Net Income Loss
NetIncomeLoss
-4916000 usd
CY2024Q2 us-gaap Stockholders Equity
StockholdersEquity
43397000 usd
CY2024Q3 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
350000 usd
CY2024Q3 BEEM Stock Issued To Released From Escrow Account Unvested
StockIssuedToReleasedFromEscrowAccountUnvested
0 usd
CY2024Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
483000 usd
CY2024Q3 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
1000 usd
CY2024Q3 BEEM Stock Option Exercise And Restricted Stock Unit Vestings Cashless
StockOptionExerciseAndRestrictedStockUnitVestingsCashless
-164000 usd
CY2024Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent
673000 usd
CY2024Q3 us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
387000 usd
CY2024Q3 us-gaap Net Income Loss
NetIncomeLoss
1297000 usd
CY2024Q3 us-gaap Stockholders Equity
StockholdersEquity
46424000 usd
us-gaap Net Income Loss
NetIncomeLoss
-6656000 usd
us-gaap Net Income Loss
NetIncomeLoss
-10990000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
2815000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1054000 usd
us-gaap Provision For Other Credit Losses
ProvisionForOtherCreditLosses
-124000 usd
us-gaap Provision For Other Credit Losses
ProvisionForOtherCreditLosses
0 usd
us-gaap Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
0 usd
us-gaap Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
301000 usd
us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
-4269000 usd
us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
260000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
2001000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
1289000 usd
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-65000 usd
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-0 usd
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
616000 usd
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
0 usd
us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
75000 usd
us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0 usd
BEEM Stock Compensation Expense For Nonemployees
StockCompensationExpenseForNonemployees
0 usd
BEEM Stock Compensation Expense For Nonemployees
StockCompensationExpenseForNonemployees
264000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-4997000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
10463000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-39000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-479000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
352000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
1149000 usd
us-gaap Increase Decrease In Deposit Other Assets
IncreaseDecreaseInDepositOtherAssets
44000 usd
us-gaap Increase Decrease In Deposit Other Assets
IncreaseDecreaseInDepositOtherAssets
-0 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-1691000 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
4341000 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
219000 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
1390000 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-605000 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
0 usd
us-gaap Increase Decrease In Accrued Taxes Payable
IncreaseDecreaseInAccruedTaxesPayable
23000 usd
us-gaap Increase Decrease In Accrued Taxes Payable
IncreaseDecreaseInAccruedTaxesPayable
59000 usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
348000 usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-603000 usd
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-509000 usd
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
0 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-3052000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-13768000 usd
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
513000 usd
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
-0 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
431000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
787000 usd
BEEM Payment Of Deferred Consideration
PaymentOfDeferredConsideration
2714000 usd
BEEM Payment Of Deferred Consideration
PaymentOfDeferredConsideration
-0 usd
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
-0 usd
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
94000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-3658000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-881000 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
496000 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
2107000 usd
BEEM Taxes Paid Related To Net Share Settlement Of Equity Awards
TaxesPaidRelatedToNetShareSettlementOfEquityAwards
-164000 usd
BEEM Taxes Paid Related To Net Share Settlement Of Equity Awards
TaxesPaidRelatedToNetShareSettlementOfEquityAwards
0 usd
us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
810000 usd
us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
137000 usd
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
76000 usd
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
209000 usd
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
-0 usd
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
151000 usd
us-gaap Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
0 usd
us-gaap Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
25424000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1218000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
27726000 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-27000 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
0 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-5518000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
13077000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
10393000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1681000 usd
CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
4874000 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
14758000 usd
us-gaap Interest Paid Net
InterestPaidNet
28000 usd
us-gaap Interest Paid Net
InterestPaidNet
6000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
0 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
13000 usd
BEEM Fair Value Of Common Stock Issued As Consideration For Business Combination
FairValueOfCommonStockIssuedAsConsiderationForBusinessCombination
387000 usd
BEEM Fair Value Of Common Stock Issued As Consideration For Business Combination
FairValueOfCommonStockIssuedAsConsiderationForBusinessCombination
7051000 usd
BEEM Purchase Of Property And Equipment By Incurring Debt
PurchaseOfPropertyAndEquipmentByIncurringDebt
0 usd
BEEM Purchase Of Property And Equipment By Incurring Debt
PurchaseOfPropertyAndEquipmentByIncurringDebt
209000 usd
BEEM Purchase Of Property And Equipment By Incurring Current Liabilities
PurchaseOfPropertyAndEquipmentByIncurringCurrentLiabilities
431000 usd
BEEM Purchase Of Property And Equipment By Incurring Current Liabilities
PurchaseOfPropertyAndEquipmentByIncurringCurrentLiabilities
0 usd
BEEM Rightofuse Assets Obtained In Exchange For Lease Liabilities
RightofuseAssetsObtainedInExchangeForLeaseLiabilities
1421000 usd
BEEM Rightofuse Assets Obtained In Exchange For Lease Liabilities
RightofuseAssetsObtainedInExchangeForLeaseLiabilities
0 usd
BEEM Issuance Of Stock For Committed Equity Line
IssuanceOfStockForCommittedEquityLine
0 usd
BEEM Issuance Of Stock For Committed Equity Line
IssuanceOfStockForCommittedEquityLine
140000 usd
BEEM Warrants Issued For Services To Nonemployee
WarrantsIssuedForServicesToNonemployee
0 usd
BEEM Warrants Issued For Services To Nonemployee
WarrantsIssuedForServicesToNonemployee
1609000 usd
BEEM Shares Issued For Services To Nonemployee
SharesIssuedForServicesToNonemployee
0 usd
BEEM Shares Issued For Services To Nonemployee
SharesIssuedForServicesToNonemployee
95000 usd
us-gaap Nature Of Operations
NatureOfOperations
<p id="xdx_848_eus-gaap--NatureOfOperations_zlSdE6Y75Zwk" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b><span id="xdx_866_zEATQEl1XUzd">Nature of Operations</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="background-color: white">References in this Report to “we,” “us,” “our,” the “Company” or “Beam” means Beam Global, a Nevada corporation, and its subsidiaries.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.55in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Beam is a sustainable technology innovation company based in San Diego, California; Broadview, Illinois; Belgrade and Kraljevo, Serbia. We develop, design, engineer, manufacture and sell high-quality, renewably energized infrastructure products for electric vehicle (“EV”) charging, energy security and disaster preparedness. We also manufacture highly energy-dense battery solutions in safe, compact and unique form-factors. Additionally, we manufacture street lighting, communications and energy infrastructure products. Beam’s products enable vital and highly valuable energy production in locations where it is either too expensive or too impactful to connect to the utility grid, or where the requirements for electrical power are so important that grid failures, like blackouts, are intolerable. Beam’s energy storage products provide high energy density in a safe, compact and bespoke form-factors, which we believe are ideal for the rapidly growing mobile and stationary equipment product market which often requires electrical energy without being connected to the electrical grid.</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">Beam’s products and proprietary technology solutions target the following markets:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="vertical-align: top"> <td style="width: 48px"> </td> <td style="width: 24px"><span style="font-family: Symbol">·</span></td> <td style="text-align: justify"><span style="font-size: 10pt">electric vehicle (EV) charging infrastructure; </span></td></tr> <tr style="vertical-align: top"> <td> </td> <td> </td> <td style="text-align: justify"> </td></tr> <tr style="vertical-align: top"> <td> </td> <td><span style="font-family: Symbol">·</span></td> <td style="text-align: justify"><span style="font-size: 10pt">energy storage solutions;</span></td></tr> <tr style="vertical-align: top"> <td> </td> <td> </td> <td style="text-align: justify"> </td></tr> <tr style="vertical-align: top"> <td> </td> <td><span style="font-family: Symbol">·</span></td> <td>energy security and disaster preparedness;  </td></tr> <tr style="vertical-align: top"> <td> </td> <td> </td> <td> </td></tr> <tr style="vertical-align: top"> <td> </td> <td><span style="font-family: Symbol">·</span></td> <td style="text-align: justify">mobile and stationary equipment;</td></tr> <tr style="vertical-align: top"> <td> </td> <td> </td> <td style="text-align: justify"> </td></tr> <tr style="vertical-align: top"> <td> </td> <td><span style="font-family: Symbol">·</span></td> <td>transportation infrastructure products; and    </td></tr> <tr style="vertical-align: top"> <td> </td> <td> </td> <td> </td></tr> <tr style="vertical-align: top"> <td> </td> <td><span style="font-family: Symbol">·</span></td> <td>power electronics and telecommunications equipment</td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p>
us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_84E_eus-gaap--UseOfEstimates_zsd2BsHuC7p1" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><span id="xdx_869_zefGrxadbidk">Use of Estimates</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </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 accounting principles generally accepted in the United States of America requires management 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 amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Significant estimates in the accompanying financial statements include the allowance for certain expected credit losses (CECL), valuation of inventory and standard cost allocations, depreciable lives of property and equipment, valuation of contingent consideration liability, valuation of intangible assets, estimates of loss contingencies, estimates of the valuation of lease liabilities and the related right of use assets, valuation of share-based costs, and the valuation allowance on deferred tax assets.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p>
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p id="xdx_844_eus-gaap--ConcentrationRiskCreditRisk_zhXAOkDTmKF" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b><span id="xdx_869_zGS3eq6PWER4">Concentrations</span></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"><span style="text-decoration: underline">Credit Risk</span></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">Financial instruments that potentially subject us to concentrations of credit risk consist of cash and accounts receivable.</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">The Company maintains its cash in banks and financial institutions that at times may exceed federally insured limits. The Company has not experienced any losses in such accounts from inception through September 30, 2024. As of September 30, 2024, approximately $<span id="xdx_902_eus-gaap--CashUninsuredAmount_iI_dm_c20240930_zzvCz7Su9K6e" title="Uninsured cash">4.1 million</span> of the Company’s cash deposits were greater than the federally insured limits.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="text-decoration: underline">Major Customers</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Company continually assesses the financial strength of its customers. We are not aware of any material credit risks associated with our customers. <span id="xdx_906_eus-gaap--ConcentrationRiskPercentage1_pip0_dp_c20240101__20240930__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__srt--MajorCustomersAxis__custom--FederalStateAndLocalGovernmentMember_z50vhOX9bs6c">52</span>% of our third quarter revenues were derived from pre-funded federal, state and local government programs, and the remaining <span id="xdx_901_eus-gaap--ConcentrationRiskPercentage1_pip0_dp_c20240101__20240930__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__srt--MajorCustomersAxis__custom--CommercialCustomersMember_z8RiDiEdrNK3">48</span>% were derived from commercial customers that we believe have good credit or, alternatively, favorable payment terms which minimizes our credit risk with respect to such customers. For the three months ended September 30, 2024, no single customer accounted for more than 10% of total revenues and for the nine months ended September 30, 2024, one customer accounted for <span id="xdx_909_eus-gaap--ConcentrationRiskPercentage1_pip0_dp_c20240101__20240930__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__srt--MajorCustomersAxis__custom--Customer1Member_z2GvkFrWAFak">18</span>% of total revenues, with no other single customer accounting for more than 10% of total revenues. At September 30, 2024, accounts receivable from two customers accounted for <span id="xdx_901_eus-gaap--ConcentrationRiskPercentage1_pip0_dp_c20240101__20240930__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsReceivableMember__srt--MajorCustomersAxis__custom--Customer1Member_zr2safuVA2jf">19</span>% and <span id="xdx_90C_eus-gaap--ConcentrationRiskPercentage1_pip0_dp_c20240101__20240930__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsReceivableMember__srt--MajorCustomersAxis__custom--Customer2Member_zq9YIQetgTce">11</span>% of total accounts receivable with no other single customer accounting for more than 10% of the accounts receivable balance. At December 31, 2023, accounts receivable from four customers accounted for <span id="xdx_90E_eus-gaap--ConcentrationRiskPercentage1_pip0_dp_c20230101__20231231__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsReceivableMember__srt--MajorCustomersAxis__custom--Customer1Member_z4M6djr4S0Db">11</span>%, <span id="xdx_909_eus-gaap--ConcentrationRiskPercentage1_pip0_dp_c20230101__20231231__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsReceivableMember__srt--MajorCustomersAxis__custom--Customer2Member_z7wC3jmmgZvk">10</span>%, <span id="xdx_90E_eus-gaap--ConcentrationRiskPercentage1_pip0_dp_c20230101__20231231__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsReceivableMember__srt--MajorCustomersAxis__custom--Customer3Member_zKEObq0IBptd">10</span>% and <span id="xdx_90F_eus-gaap--ConcentrationRiskPercentage1_pip0_dp_c20230101__20231231__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsReceivableMember__srt--MajorCustomersAxis__custom--Customer4Member_z2TQ45gfMuh3">10</span>% of total accounts receivable each with no other single customer accounting for more than 10% of the accounts receivable balance. For the three months ended September 30, 2023, the Company’s sales to federal, state and local governments represented <span id="xdx_90D_eus-gaap--ConcentrationRiskPercentage1_dp_c20230701__20230930__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__srt--MajorCustomersAxis__custom--FederalStateAndLocalGovernmentMember_zBGygyKt9f9d">82</span>% of revenues.</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">A summary of the allowance for credit losses for the nine months ending September 30, 2024 and December 31, 2023:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p> <table cellpadding="0" cellspacing="0" id="xdx_887_eus-gaap--AccountsReceivableAllowanceForCreditLossTableTextBlock_pn3n3_z4hAW8hHfKib" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - NATURE OF OPERATIONS, BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details - Credit losses)"> <tr style="vertical-align: bottom"> <td><span id="xdx_8B1_zGxWeUyLfsPj"><b style="display: none">Summary of allowance for credit losses</b></span></td><td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">September 30,</td><td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">December 31,</td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1pt">(Dollars in thousands)</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2024</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2023</td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="text-align: left">Allowance for credit losses:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="width: 66%; text-align: left">Beginning of period</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98A_eus-gaap--AllowanceForDoubtfulAccountsReceivable_iI_c20231231_zOjeATXEecu6" style="width: 13%; text-align: right" title="Allowance for credit losses, beginning balance">448</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98E_eus-gaap--AllowanceForDoubtfulAccountsReceivable_iI_c20221231_zfLUbbF0C1Rd" style="width: 13%; text-align: right" title="Allowance for credit losses, beginning balance"><span style="-sec-ix-hidden: xdx2ixbrl0841">–</span></td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="text-align: left">Net provision for credit losses</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98C_eus-gaap--ProvisionForOtherCreditLosses_c20240101__20240930__us-gaap--TransactionTypeAxis__custom--NetProvisionForCreditLossesMember_zf8gxoGKHhra" style="text-align: right" title="Provision for credit losses">(7</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98F_eus-gaap--ProvisionForOtherCreditLosses_c20230101__20231231__us-gaap--TransactionTypeAxis__custom--NetProvisionForCreditLossesMember_znPZ8LGq25nj" style="text-align: right" title="Provision for credit losses">448</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">(Charge-offs)/recoveries, net</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_985_eus-gaap--ProvisionForOtherCreditLosses_c20240101__20240930__us-gaap--TransactionTypeAxis__custom--ChargeOffsRecoveriesMember_zoEbWoHzekg" style="border-bottom: Black 1pt solid; text-align: right" title="Provision for credit losses">(117</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_981_eus-gaap--ProvisionForOtherCreditLosses_d0_c20230101__20231231__us-gaap--TransactionTypeAxis__custom--ChargeOffsRecoveriesMember_zxgx8hyEBYS2" style="border-bottom: Black 1pt solid; text-align: right" title="Provision for credit losses">–</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="padding-bottom: 2.5pt">End of Period</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_98F_eus-gaap--AllowanceForDoubtfulAccountsReceivable_iI_c20240930_zs2xK6Twi6o2" style="border-bottom: Black 2.5pt double; text-align: right" title="Allowance for credit losses, ending balance">324</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_985_eus-gaap--AllowanceForDoubtfulAccountsReceivable_iI_c20231231_zaRYKgdwzo16" style="border-bottom: Black 2.5pt double; text-align: right" title="Allowance for credit losses, ending balance">448</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="text-align: left">Allowance for credit losses as a % of total Accounts Receivable</td><td> </td> <td style="text-align: left"> </td><td id="xdx_989_ecustom--AllowanceForCreditLossesPercentage_iI_pip0_dp_c20240930_zTK9U1rls4m8" style="text-align: right" title="Allowance for credit losses as a % of accounts receivable">2.9%</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98A_ecustom--AllowanceForCreditLossesPercentage_iI_pip0_dp_c20231231_zjpggbFLPy15" style="text-align: right" title="Allowance for credit losses as a % of accounts receivable">2.8%</td><td style="text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p>
CY2024Q3 us-gaap Cash Uninsured Amount
CashUninsuredAmount
4100000 usd
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
448000 usd
CY2024Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
324000 usd
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
448000 usd
CY2024Q3 BEEM Allowance For Credit Losses Percentage
AllowanceForCreditLossesPercentage
0.029 pure
CY2023Q4 BEEM Allowance For Credit Losses Percentage
AllowanceForCreditLossesPercentage
0.028 pure
CY2024Q3 us-gaap Net Income Loss
NetIncomeLoss
1297000 usd
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
-3629000 usd
us-gaap Net Income Loss
NetIncomeLoss
-6656000 usd
us-gaap Net Income Loss
NetIncomeLoss
-10990000 usd
CY2024Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
14702000 shares
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
13936000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
14558000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
13939000 shares
CY2024Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
14711000 shares
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
13936000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
14558000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
13939000 shares
CY2024Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.09
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.26
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.46
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.79
CY2024Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.09
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.26
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.46
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.79
us-gaap Other Noncash Expense
OtherNoncashExpense
400000 usd
us-gaap Other Noncash Expense
OtherNoncashExpense
3000000 usd
CY2024Q3 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
4900000 usd
CY2024Q3 BEEM Working Capital
WorkingCapital
17900000 usd
CY2024Q3 us-gaap Accounts Receivable Net
AccountsReceivableNet
11300000 usd
us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
41440000 usd
us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
51969000 usd
us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
-6706000 usd
us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
-11426000 usd
BEEM Business Acquisitions Pro Forma Net Revenue
BusinessAcquisitionsProFormaNetRevenue
34734000 usd
BEEM Business Acquisitions Pro Forma Net Revenue
BusinessAcquisitionsProFormaNetRevenue
40543000 usd
CY2024Q3 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
4712000 usd
CY2023Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
1953000 usd
CY2024Q3 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
2775000 usd
CY2023Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
2006000 usd
CY2024Q3 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
5227000 usd
CY2023Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
7974000 usd
CY2024Q3 us-gaap Inventory Net
InventoryNet
12714000 usd
CY2023Q4 us-gaap Inventory Net
InventoryNet
11933000 usd
CY2024Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
18748000 usd
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
18226000 usd
CY2024Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
3839000 usd
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1713000 usd
CY2024Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
14909000 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
16513000 usd
CY2024Q3 us-gaap Depreciation
Depreciation
700000 usd
us-gaap Depreciation
Depreciation
2100000 usd
CY2023Q3 us-gaap Depreciation
Depreciation
100000 usd
us-gaap Depreciation
Depreciation
300000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
11070000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
2020000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
9050000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
11024000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
2753000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
8271000 usd
CY2024Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
200000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
700000 usd
CY2023Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
200000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
800000 usd
CY2024Q3 us-gaap Accrued Vacation Current
AccruedVacationCurrent
291000 usd
CY2023Q4 us-gaap Accrued Vacation Current
AccruedVacationCurrent
246000 usd
CY2024Q3 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
1803000 usd
CY2023Q4 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
1086000 usd
CY2024Q3 us-gaap Accounts Payable Trade Current
AccountsPayableTradeCurrent
373000 usd
CY2023Q4 us-gaap Accounts Payable Trade Current
AccountsPayableTradeCurrent
50000 usd
CY2024Q3 BEEM Accrued Warranty
AccruedWarranty
6000 usd
CY2023Q4 BEEM Accrued Warranty
AccruedWarranty
27000 usd
CY2024Q3 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
495000 usd
CY2023Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
1328000 usd
CY2024Q3 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
2968000 usd
CY2023Q4 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
2737000 usd
CY2024Q3 us-gaap Deferred Tax And Other Liabilities Noncurrent
DeferredTaxAndOtherLiabilitiesNoncurrent
1716000 usd
CY2023Q4 us-gaap Deferred Tax And Other Liabilities Noncurrent
DeferredTaxAndOtherLiabilitiesNoncurrent
1698000 usd
CY2024Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
3372000 usd
CY2023Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
3787000 usd
CY2024Q3 BEEM Total Long Term Liabilities
TotalLongTermLiabilities
5088000 usd
CY2023Q4 BEEM Total Long Term Liabilities
TotalLongTermLiabilities
5485000 usd
CY2024Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities Long Term Debt
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesLongTermDebt
3400000 usd
CY2024Q3 us-gaap Other Selling And Marketing Expense
OtherSellingAndMarketingExpense
34000 usd
CY2023Q3 us-gaap Other Selling And Marketing Expense
OtherSellingAndMarketingExpense
95000 usd
us-gaap Other Selling And Marketing Expense
OtherSellingAndMarketingExpense
213000 usd
us-gaap Other Selling And Marketing Expense
OtherSellingAndMarketingExpense
285000 usd
CY2024Q3 us-gaap Revenues
Revenues
11482000 usd
CY2023Q3 us-gaap Revenues
Revenues
16486000 usd
us-gaap Revenues
Revenues
40855000 usd
us-gaap Revenues
Revenues
47325000 usd
CY2024Q3 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
1600000 usd
CY2023Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
1200000 usd
CY2024Q3 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

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