2023 Q3 Form 10-Q Financial Statement

#000149315223028453 Filed on August 14, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2 2022 Q2
Revenue $300.2K $19.74K $1.310K
YoY Change 26007.48% 1406.72%
Cost Of Revenue $74.70K $1.234K $150.00
YoY Change 51067.12% 722.67%
Gross Profit $223.8K $18.50K $1.160K
YoY Change 22166.67% 1495.17%
Gross Profit Margin 74.53% 93.75% 88.55%
Selling, General & Admin $2.024M $1.426M $349.4K
YoY Change 239.31% 308.25% 44.02%
% of Gross Profit 904.42% 7708.98% 30121.55%
Research & Development $330.4K $335.1K $335.9K
YoY Change 3.33% -0.22% 17.05%
% of Gross Profit 147.63% 1811.09% 28954.31%
Depreciation & Amortization $23.50K $21.00K $1.040K
YoY Change 2951.95% 1919.23% -12.61%
% of Gross Profit 10.5% 113.49% 89.66%
Operating Expenses $2.518M $1.797M $685.3K
YoY Change 157.71% 162.21% 29.4%
Operating Profit -$2.295M -$1.778M -$684.1K
YoY Change 135.06% 159.95% 29.18%
Interest Expense $8.785K $1.360K $383.8K
YoY Change -99.01% -99.65% -78.33%
% of Operating Profit
Other Income/Expense, Net -$10.00K $42.76K
YoY Change
Pretax Income -$2.289M -$1.736M -$88.05K
YoY Change -53.48% 1871.14% -105.95%
Income Tax $2.294K $4.587K $0.00
% Of Pretax Income
Net Earnings -$2.291M -$1.740M -$88.05K
YoY Change -53.43% 1876.35% -105.95%
Net Earnings / Revenue -763.03% -8816.36% -6721.37%
Basic Earnings Per Share -$0.26 -$0.20 -$0.03
Diluted Earnings Per Share -$0.26 -$0.20 -$32.28K
COMMON SHARES
Basic Shares Outstanding 8.783M shares 8.519M shares 2.694M shares
Diluted Shares Outstanding 8.697M shares 8.521M shares 2.694M shares

Balance Sheet

Concept 2023 Q3 2023 Q2 2022 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $4.510M $8.279M $214.4K
YoY Change -66.59% 3761.56%
Cash & Equivalents $4.500M $8.300M $214.4K
Short-Term Investments
Other Short-Term Assets $380.0K $279.7K $99.37K
YoY Change -29.8% 181.45%
Inventory $9.908K $10.10K $5.660K
Prepaid Expenses
Receivables $1.110M $90.23K $7.820K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $6.010M $8.659M $327.3K
YoY Change -57.24% 2546.05%
LONG-TERM ASSETS
Property, Plant & Equipment $512.2K $207.4K $2.550K
YoY Change 28656.43% 8032.43%
Goodwill $1.149M
YoY Change
Intangibles $848.1K
YoY Change
Long-Term Investments
YoY Change
Other Assets $16.06K $6.920K $611.0K
YoY Change 167.67% -98.87%
Total Long-Term Assets $4.179M $214.3K $613.5K
YoY Change 53611.03% -65.07%
TOTAL ASSETS
Total Short-Term Assets $6.010M $8.659M $327.3K
Total Long-Term Assets $4.179M $214.3K $613.5K
Total Assets $10.19M $8.873M $940.8K
YoY Change -27.54% 843.24%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $827.4K $174.4K $585.2K
YoY Change 452.09% -70.19%
Accrued Expenses $643.8K $515.7K $1.975M
YoY Change 35.81% -73.89%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $42.33K $11.12M
YoY Change -100.0% -99.62%
Long-Term Debt Due $360.0K
YoY Change
Total Short-Term Liabilities $1.959M $775.2K $13.68M
YoY Change 33.77% -94.33%
LONG-TERM LIABILITIES
Long-Term Debt $930.0K $0.00 $0.00
YoY Change
Other Long-Term Liabilities $310.0K
YoY Change
Total Long-Term Liabilities $1.240M $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $1.959M $775.2K $13.68M
Total Long-Term Liabilities $1.240M $0.00 $0.00
Total Liabilities $3.196M $775.2K $13.68M
YoY Change 118.25% -94.33%
SHAREHOLDERS EQUITY
Retained Earnings -$42.20M -$39.90M
YoY Change 20.57%
Common Stock $64.54K $59.89K
YoY Change 10.15%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $6.994M $8.098M -$12.74M
YoY Change
Total Liabilities & Shareholders Equity $10.19M $8.873M $940.8K
YoY Change -27.54% 843.24%

Cashflow Statement

Concept 2023 Q3 2023 Q2 2022 Q2
OPERATING ACTIVITIES
Net Income -$2.291M -$1.740M -$88.05K
YoY Change -53.43% 1876.35% -105.95%
Depreciation, Depletion And Amortization $23.50K $21.00K $1.040K
YoY Change 2951.95% 1919.23% -12.61%
Cash From Operating Activities -$1.530M -$1.360M -$376.1K
YoY Change -13.07% 261.55% 3.72%
INVESTING ACTIVITIES
Capital Expenditures $0.00 $3.870K
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$2.190M
YoY Change
Cash From Investing Activities -$2.180M -$3.870K
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -50.00K -126.1K -437.5K
YoY Change -100.33% -71.18% -167.31%
NET CHANGE
Cash From Operating Activities -1.530M -1.360M -376.1K
Cash From Investing Activities -2.180M -3.870K
Cash From Financing Activities -50.00K -126.1K -437.5K
Net Change In Cash -3.760M -1.490M -813.6K
YoY Change -128.31% 83.12% -383.16%
FREE CASH FLOW
Cash From Operating Activities -$1.530M -$1.360M -$376.1K
Capital Expenditures $0.00 $3.870K
Free Cash Flow -$1.530M -$1.364M
YoY Change

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us-gaap Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
79743 usd
us-gaap Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
6287 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
4561 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
5657 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-251292 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-28304 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-170638 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
354560 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-26231 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-42730 usd
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
337566 usd
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
42750 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-2888990 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-1010108 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
36175 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-36175 usd
us-gaap Repayments Of Bank Debt
RepaymentsOfBankDebt
209412 usd
us-gaap Repayments Of Other Debt
RepaymentsOfOtherDebt
100000 usd
us-gaap Proceeds From Other Short Term Debt
ProceedsFromOtherShortTermDebt
65031 usd
us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
475000 usd
BIAF Payment Of Deferred Offering Costs
PaymentOfDeferredOfferingCosts
520506 usd
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
55651 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-209412 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-136126 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-3134577 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-1146234 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
11413759 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
1360638 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
8279182 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
214404 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
16406 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
2159 usd
us-gaap Interest Paid Net
InterestPaidNet
3015 usd
BIAF Fair Value Of Warrants Issued
FairValueOfWarrantsIssued
217973 usd
BIAF Beneficial Conversion Feature For Bridge Notes
BeneficialConversionFeatureForBridgeNotes
213942 usd
CY2023Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-39900000 usd
CY2023Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
8300000 usd
CY2023Q2 BIAF Total Assets Percent
TotalAssetsPercent
0.93 pure
us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_847_eus-gaap--UseOfEstimates_zEo7qEybsRhl" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i><span id="xdx_868_zazF4RIR0yqh">Use of Estimates</span></i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The preparation of condensed consolidated financial statements in conformity with U.S. GAAP 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 consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Significant estimates include the valuation allowance on the Company’s deferred tax assets, and the useful lives of fixed assets.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p id="xdx_84D_eus-gaap--ConcentrationRiskCreditRisk_zQ9Eg4MXEiy4" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i><span id="xdx_867_zev9RkLmshg">Concentration of Risk</span></i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company has significant cash balances at financial institutions which throughout the year regularly exceed the federally insured limit of $<span id="xdx_906_eus-gaap--CashFDICInsuredAmount_iI_c20230630_zpzKvjpL8Ig8" title="Insured limit">250,000</span>. Any loss incurred or a lack of access to such funds could have a significant adverse impact on the Company’s financial condition, results of operations, and cash flow.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i> </i></b></span></p>
CY2023Q2 us-gaap Cash Fdic Insured Amount
CashFDICInsuredAmount
250000 usd
us-gaap Advertising Expense
AdvertisingExpense
28000 usd
us-gaap Advertising Expense
AdvertisingExpense
3000 usd
CY2023Q2 us-gaap Advertising Expense
AdvertisingExpense
22000 usd
CY2022Q2 us-gaap Advertising Expense
AdvertisingExpense
0 usd
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
5556344 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
6270736 shares
CY2023Q2 us-gaap Prepaid Insurance
PrepaidInsurance
104294 usd
CY2022Q4 us-gaap Prepaid Insurance
PrepaidInsurance
340078 usd
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p id="xdx_84D_eus-gaap--PriorPeriodReclassificationAdjustmentDescription_zs9LLJzwyoxk" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i><span id="xdx_865_zyJPMmvdBIQ6">Reclassifications</span></i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Certain prior year balances have been reclassified to conform to current year presentation. The Company reclassified patent expenses and annuity costs of approximately $<span id="xdx_906_ecustom--ReclassifiedPatentExpensesAndAnnuityCosts_c20220101__20220630__us-gaap--IncomeStatementLocationAxis__us-gaap--SellingGeneralAndAdministrativeExpensesMember__srt--RestatementAxis__srt--RestatementAdjustmentMember_zc4Z7pwokgZe" title="Reclassified patent expenses and annuity costs">101,000</span> and $<span id="xdx_907_ecustom--ReclassifiedPatentExpensesAndAnnuityCosts_c20220401__20220630__us-gaap--IncomeStatementLocationAxis__us-gaap--SellingGeneralAndAdministrativeExpensesMember__srt--RestatementAxis__srt--RestatementAdjustmentMember_zhSNu4w8jlq2" title="Reclassified patent expenses and annuity costs">59,000</span> from research and development to selling, general and administrative for the six months and three months ended June 30, 2022, respectively.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2023Q2 BIAF Prepaid Legal And Professional
PrepaidLegalAndProfessional
47200 usd
CY2022Q4 BIAF Prepaid Legal And Professional
PrepaidLegalAndProfessional
72048 usd
CY2023Q2 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
128193 usd
CY2022Q4 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
119773 usd
CY2023Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
279687 usd
CY2022Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
531899 usd
CY2023Q2 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
276519 usd
CY2022Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
340680 usd
CY2023Q2 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
179416 usd
CY2022Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
144440 usd
CY2023Q2 BIAF Accrued Clinical Expense Current
AccruedClinicalExpenseCurrent
54728 usd
CY2022Q4 BIAF Accrued Clinical Expense Current
AccruedClinicalExpenseCurrent
50922 usd
CY2023Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
5000 usd
CY2022Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
5852 usd
CY2023Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
515663 usd
CY2022Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
541894 usd
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
2000000 shares
CY2023Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
519794 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
483618 usd
CY2023Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
312417 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
269180 usd
CY2023Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
207377 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
214438 usd
us-gaap Depreciation
Depreciation
41000 usd
us-gaap Depreciation
Depreciation
2000 usd
CY2023Q2 us-gaap Depreciation
Depreciation
21000 usd
CY2022Q2 us-gaap Depreciation
Depreciation
1000 usd
CY2023Q2 us-gaap Deferred Revenue
DeferredRevenue
43000 usd
us-gaap Payments For Rent
PaymentsForRent
53000 usd
us-gaap Payments For Rent
PaymentsForRent
26000 usd
CY2023Q2 us-gaap Payments For Rent
PaymentsForRent
26000 usd
CY2022Q2 us-gaap Payments For Rent
PaymentsForRent
13000 usd
CY2023Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
25000000 shares
CY2023Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.007
CY2023Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
14285715 shares
CY2023Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
25000000 shares
CY2023Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
8555365 shares
CY2022Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
8381324 shares
CY2023Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
170255 usd
CY2022Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
26685 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
327868 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
132732 usd
CY2023Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
0 usd
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
0 shares
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
0 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
7142 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
2.84
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares
143023 shares
CY2022Q1 us-gaap Share Price
SharePrice
4.62
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.639 pure
CY2022Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0220 pure
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0 pure
CY2023Q2 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
4649952 shares
CY2022Q4 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
4649952 shares

Files In Submission

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0001493152-23-028453.txt Edgar Link pending
0001493152-23-028453-xbrl.zip Edgar Link pending
biaf-20230630.xsd Edgar Link pending
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