2022 Q4 Form 10-Q Financial Statement

#000143774922027310 Filed on November 14, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3 2021 Q3
Revenue $1.758M $1.374M $1.299M
YoY Change 88.08% 5.75% 37.69%
Cost Of Revenue $584.4K $393.8K $294.7K
YoY Change 57.07% 33.63% 39.25%
Gross Profit $1.174M $979.8K $1.004M
YoY Change 108.58% -2.43% 37.23%
Gross Profit Margin 66.77% 71.33% 77.31%
Selling, General & Admin $3.327M $2.511M $1.386M
YoY Change 89.86% 81.21% -7.03%
% of Gross Profit 283.38% 256.26% 137.98%
Research & Development $833.4K $829.5K $612.6K
YoY Change 2.9% 35.41% 84.96%
% of Gross Profit 70.98% 84.66% 61.01%
Depreciation & Amortization $140.0K $122.4K $67.58K
YoY Change 122.29% 81.18% 125.27%
% of Gross Profit 11.93% 12.5% 6.73%
Operating Expenses $4.160M $3.340M $1.998M
YoY Change 62.37% 67.17% 9.7%
Operating Profit -$2.986M -$2.360M -$994.0K
YoY Change 49.36% 137.48% -8.79%
Interest Expense -$347.8K $2.071K $0.00
YoY Change 1071.11% -100.0%
% of Operating Profit
Other Income/Expense, Net -$647.5K -$42.06K -$29.67K
YoY Change 41.76% -98.65%
Pretax Income -$5.111M -$2.403M -$1.024M
YoY Change 151.87% 134.7% -68.89%
Income Tax -$20.43K $0.00 $0.00
% Of Pretax Income
Net Earnings -$5.111M -$2.403M -$1.024M
YoY Change 151.87% 134.7% -68.92%
Net Earnings / Revenue -290.63% -174.91% -78.81%
Basic Earnings Per Share -$0.29 -$0.13
Diluted Earnings Per Share -$0.62 -$294.8K -$131.4K
COMMON SHARES
Basic Shares Outstanding 8.465M 8.451M 7.825M
Diluted Shares Outstanding

Balance Sheet

Concept 2022 Q4 2022 Q3 2021 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.636M $2.775M $9.592M
YoY Change -66.01% -71.07% -49.28%
Cash & Equivalents $2.636M $2.800M $9.592M
Short-Term Investments $0.00
Other Short-Term Assets $327.1K $49.50K $53.50K
YoY Change 560.71% -7.48% -15.43%
Inventory $4.834M $4.893M $4.635M
Prepaid Expenses
Receivables $1.523M $1.808M $1.541M
Other Receivables $49.50K $49.50K $53.50K
Total Short-Term Assets $9.369M $9.883M $16.77M
YoY Change -33.14% -41.08% -17.65%
LONG-TERM ASSETS
Property, Plant & Equipment $304.8K $125.8K $71.47K
YoY Change 340.62% 76.06% -9.47%
Goodwill $0.00 $2.198M $1.263M
YoY Change -100.0% 74.07% 9.35%
Intangibles $1.763M $1.799M $1.352M
YoY Change 35.8% 33.06% -16.39%
Long-Term Investments $262.8K $482.8K
YoY Change -45.57%
Other Assets $291.8K $307.4K $227.3K
YoY Change 13.22% 35.23% 42.07%
Total Long-Term Assets $2.544M $5.143M $3.956M
YoY Change -32.27% 30.01% 8.84%
TOTAL ASSETS
Total Short-Term Assets $9.369M $9.883M $16.77M
Total Long-Term Assets $2.544M $5.143M $3.956M
Total Assets $11.91M $15.03M $20.73M
YoY Change -32.95% -27.51% -13.63%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.108M $1.069M $1.437M
YoY Change 159.08% -25.64% 356.86%
Accrued Expenses $1.169M $875.9K $699.4K
YoY Change 40.99% 25.23% 74.96%
Deferred Revenue $462.4K $600.8K $671.9K
YoY Change -18.21% -10.58% -13.08%
Short-Term Debt $1.577M $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due $326.8K $120.0K
YoY Change
Total Short-Term Liabilities $4.643M $3.344M $3.014M
YoY Change 132.25% 10.92% 54.41%
LONG-TERM LIABILITIES
Long-Term Debt $120.0K $321.9K $0.00
YoY Change
Other Long-Term Liabilities $89.96K $162.1K $180.3K
YoY Change -41.69% -10.11% -51.27%
Total Long-Term Liabilities $210.0K $483.9K $180.3K
YoY Change 36.1% 168.42% -50.73%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.643M $3.344M $3.014M
Total Long-Term Liabilities $210.0K $483.9K $180.3K
Total Liabilities $4.853M $3.828M $3.195M
YoY Change 125.36% 19.81% 37.81%
SHAREHOLDERS EQUITY
Retained Earnings -$116.5M -$109.7M -$102.5M
YoY Change 11.39% 6.97% 4.56%
Common Stock $919.00 $845.00 $783.00
YoY Change 16.92% 7.92% -87.45%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $7.060M $11.20M $17.53M
YoY Change
Total Liabilities & Shareholders Equity $11.91M $15.03M $20.73M
YoY Change -32.95% -27.51% -13.63%

Cashflow Statement

Concept 2022 Q4 2022 Q3 2021 Q3
OPERATING ACTIVITIES
Net Income -$5.111M -$2.403M -$1.024M
YoY Change 151.87% 134.7% -68.92%
Depreciation, Depletion And Amortization $140.0K $122.4K $67.58K
YoY Change 122.29% 81.18% 125.27%
Cash From Operating Activities -$1.901M -$2.041M -$1.866M
YoY Change 1.62% 9.4% 8.47%
INVESTING ACTIVITIES
Capital Expenditures $50.97K -$8.180K -$22.18K
YoY Change -1331.16% -63.12% 121.8%
Acquisitions
YoY Change
Other Investing Activities -$119.1K $2.000K $0.00
YoY Change -100.0%
Cash From Investing Activities -$170.1K -$6.180K -$22.18K
YoY Change 4008.7% -72.14% -92.35%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.903M 0.000 0.000
YoY Change 5095.85% -100.0%
NET CHANGE
Cash From Operating Activities -1.901M -2.041M -1.866M
Cash From Investing Activities -170.1K -6.180K -22.18K
Cash From Financing Activities 1.903M 0.000 0.000
Net Change In Cash -167.5K -2.047M -1.888M
YoY Change -90.89% 8.44% -110.78%
FREE CASH FLOW
Cash From Operating Activities -$1.901M -$2.041M -$1.866M
Capital Expenditures $50.97K -$8.180K -$22.18K
Free Cash Flow -$1.952M -$2.033M -$1.843M
YoY Change 4.58% 10.27% 7.8%

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CY2021Q1 us-gaap Net Income Loss
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CY2021Q2 bkyi Adjustments To Additional Paid In Capital Legal And Commitment Fees
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CY2021Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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CY2021Q2 us-gaap Net Income Loss
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CY2021Q2 us-gaap Stockholders Equity
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CY2021Q3 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
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us-gaap Capitalized Contract Cost Amortization
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173718 usd
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bkyi Reserve For Investment Security
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bkyi Reserve For Note Receivable
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ReserveForNoteReceivable
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bkyi Share Based Compensation Excluding Directors Fees
ShareBasedCompensationExcludingDirectorsFees
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bkyi Share Based Compensation Excluding Directors Fees
ShareBasedCompensationExcludingDirectorsFees
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bkyi Stock Based Fees To Directors And Consultants
StockBasedFeesToDirectorsAndConsultants
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bkyi Stock Based Fees To Directors And Consultants
StockBasedFeesToDirectorsAndConsultants
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us-gaap Allowance For Doubtful Accounts Receivable Write Offs
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130111 usd
us-gaap Allowance For Doubtful Accounts Receivable Write Offs
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us-gaap Amortization Of Debt Discount Premium
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us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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120977 usd
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us-gaap Increase Decrease In Accounts Payable
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us-gaap Increase Decrease In Deferred Revenue
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us-gaap Increase Decrease In Deferred Revenue
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bkyi Proceeds From Employee Stock Purchase Plan
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us-gaap Payments To Acquire Property Plant And Equipment
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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250000 usd
us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
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CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
2774617 usd
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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us-gaap Interest Paid Net
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us-gaap Interest Paid Net
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18000 usd
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bkyi Business Combination Accounts Receivable Acquired
BusinessCombinationAccountsReceivableAcquired
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bkyi Business Combination Equipment Acquired
BusinessCombinationEquipmentAcquired
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bkyi Business Combination Equipment Acquired
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us-gaap Noncash Or Part Noncash Acquisition Other Assets Acquired1
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bkyi Business Combination Intangible Assets Acquired
BusinessCombinationIntangibleAssetsAcquired
762860 usd
bkyi Business Combination Intangible Assets Acquired
BusinessCombinationIntangibleAssetsAcquired
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us-gaap Goodwill Acquired During Period
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us-gaap Goodwill Acquired During Period
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0 usd
CY2022Q3 bkyi Noncash Or Part Noncash Acquisition Accrued Expenses And Other Liabilities Assumed
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431884 usd
CY2021Q3 bkyi Noncash Or Part Noncash Acquisition Accrued Expenses And Other Liabilities Assumed
NoncashOrPartNoncashAcquisitionAccruedExpensesAndOtherLiabilitiesAssumed
0 usd
CY2022Q3 bkyi Noncash Or Part Noncash Acquisition Stock Issued Amount
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600004 usd
CY2021Q3 bkyi Noncash Or Part Noncash Acquisition Stock Issued Amount
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us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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bkyi Monthly Cash Requirement To Conduct Operations And Pay Dividend Obligations
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814000 usd
us-gaap Revenue From Contract With Customer Including Assessed Tax
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5261835 usd
CY2022Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
2800000 usd
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1808036 usd
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4900000 usd
bkyi Inventory Expected To Convert To Cash Percentage
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0.50 pure
bkyi Inventory Expected To Convert To Cash Period
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RevenueFromContractWithCustomerIncludingAssessedTax
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bkyi Percentage Of Support And Maintenance Revenue To License Cost
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0.18 pure
CY2022Q3 us-gaap Contract With Customer Liability
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676000 usd
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ContractWithCustomerLiability
633000 usd
CY2022Q3 us-gaap Contract With Customer Liability Revenue Recognized
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62000 usd
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
448000 usd
CY2021Q3 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
72000 usd
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
502000 usd
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2.23
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2131821 usd
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CY2022Q3 bkyi Loss On Foreign Currency
LossOnForeignCurrency
50000 usd
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LossOnForeignCurrency
50000 usd
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273785 usd
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
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CY2022Q3 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
1808036 usd
CY2021Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
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CY2022Q3 us-gaap Financing Receivable Allowance For Credit Losses
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140000 usd
CY2022Q3 us-gaap Allocated Share Based Compensation Expense
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100746 usd
CY2021Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
58050 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
294143 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
240321 usd
CY2022Q3 bkyi Factored Accounts Receivable Original Invoice Value
FactoredAccountsReceivableOriginalInvoiceValue
99000 usd
CY2021Q4 bkyi Factored Accounts Receivable Original Invoice Value
FactoredAccountsReceivableOriginalInvoiceValue
99000 usd
CY2022Q3 bkyi Factored Accounts Receivable Factored Amount
FactoredAccountsReceivableFactoredAmount
49500 usd
CY2021Q4 bkyi Factored Accounts Receivable Factored Amount
FactoredAccountsReceivableFactoredAmount
49500 usd
CY2022Q3 us-gaap Accounts And Other Receivables Net Current
AccountsAndOtherReceivablesNetCurrent
49500 usd
CY2021Q4 us-gaap Accounts And Other Receivables Net Current
AccountsAndOtherReceivablesNetCurrent
49500 usd
bkyi Factoring Arrangement Minimum Amount Of Accounts Receivable Per Quarter
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150000 usd
CY2022Q3 bkyi Factoring Fees
FactoringFees
11821 usd
CY2021Q3 bkyi Factoring Fees
FactoringFees
1055 usd
bkyi Factoring Fees
FactoringFees
51348 usd
bkyi Factoring Fees
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33302 usd
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NotesAndLoansReceivableNetCurrent
295000 usd
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0.05 pure
CY2022Q3 us-gaap Allowance For Doubtful Accounts Receivable
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140000 usd
CY2022Q1 bkyi Notes Receivable Periodic Payment
NotesReceivablePeriodicPayment
1000 usd
CY2022Q3 bkyi Notes Receivable Periodic Payment
NotesReceivablePeriodicPayment
15000 usd
CY2022Q3 us-gaap Notes Receivable Gross
NotesReceivableGross
295000 usd
CY2021Q4 us-gaap Notes Receivable Gross
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295000 usd
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9000 usd
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CY2021Q4 us-gaap Financing Receivable Allowance For Credit Losses
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100000 usd
CY2022Q3 us-gaap Notes Receivable Net
NotesReceivableNet
146000 usd
CY2021Q4 us-gaap Notes Receivable Net
NotesReceivableNet
195000 usd
CY2022Q3 us-gaap Notes And Loans Receivable Net Current
NotesAndLoansReceivableNetCurrent
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CY2021Q4 us-gaap Notes And Loans Receivable Net Current
NotesAndLoansReceivableNetCurrent
82000 usd
CY2022Q3 us-gaap Notes And Loans Receivable Net Noncurrent
NotesAndLoansReceivableNetNoncurrent
146000 usd
CY2021Q4 us-gaap Notes And Loans Receivable Net Noncurrent
NotesAndLoansReceivableNetNoncurrent
113000 usd
CY2022Q3 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
4792023 usd
CY2021Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
4798203 usd
CY2022Q3 us-gaap Inventory Raw Materials And Supplies Net Of Reserves
InventoryRawMaterialsAndSuppliesNetOfReserves
100644 usd
CY2021Q4 us-gaap Inventory Raw Materials And Supplies Net Of Reserves
InventoryRawMaterialsAndSuppliesNetOfReserves
142457 usd
CY2022Q3 us-gaap Inventory Net
InventoryNet
4892667 usd
CY2021Q4 us-gaap Inventory Net
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4940660 usd
bkyi Cumulative Amount Of Amortization Expense Net Of Credits
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138714 usd
CY2022Q3 us-gaap Operating Lease Cost
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62619 usd
CY2021Q3 us-gaap Operating Lease Cost
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63973 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
163401 usd
us-gaap Operating Lease Cost
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191919 usd
CY2022Q3 us-gaap Lease Cost
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62619 usd
CY2021Q3 us-gaap Lease Cost
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63973 usd
us-gaap Lease Cost
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163401 usd
us-gaap Lease Cost
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191919 usd
CY2022Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
263377 usd
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
254100 usd
CY2022Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
178277 usd
CY2021Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
177188 usd
CY2022Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
86874 usd
CY2021Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
86974 usd
CY2022Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
265151 usd
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
264162 usd
CY2022Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P1Y1M28D
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P1Y5M12D
CY2022Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0550 pure
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
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us-gaap Operating Lease Payments
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222483 usd
CY2021 us-gaap Operating Lease Payments
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191869 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
68048 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
166160 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
38809 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
273017 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
7866 usd
CY2022Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
265151 usd
CY2022Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000
CY2022Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
1
CY2022Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 usd

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