2023 Q2 Form 10-Q Financial Statement
#000151316223000067 Filed on April 14, 2023
Income Statement
Concept | 2023 Q2 | 2023 Q1 | 2022 Q1 |
---|---|---|---|
Revenue | $1.108M | $1.111M | $7.661M |
YoY Change | -79.1% | -85.49% | 111.03% |
Cost Of Revenue | $1.079M | $991.2K | $5.987M |
YoY Change | -76.94% | -83.45% | 63.14% |
Gross Profit | $28.81K | $120.3K | $1.673M |
YoY Change | -95.36% | -92.81% | -4283.05% |
Gross Profit Margin | 2.6% | 10.82% | 21.84% |
Selling, General & Admin | $1.496M | $1.379M | $1.324M |
YoY Change | -28.11% | 4.21% | 3.42% |
% of Gross Profit | 5191.77% | 1146.9% | 79.11% |
Research & Development | $368.9K | $392.0K | $457.0K |
YoY Change | 24.18% | -14.22% | -18.39% |
% of Gross Profit | 1280.32% | 325.93% | 27.31% |
Depreciation & Amortization | $18.36K | $15.00K | $33.60K |
YoY Change | -92.25% | -55.36% | 12.0% |
% of Gross Profit | 63.73% | 12.47% | 2.01% |
Operating Expenses | $1.865M | $1.771M | $1.781M |
YoY Change | -21.58% | -0.52% | -3.22% |
Operating Profit | -$1.836M | -$1.651M | -$107.5K |
YoY Change | 4.52% | 1435.97% | -94.28% |
Interest Expense | $55.63K | $36.09K | $6.020K |
YoY Change | 706.23% | 499.5% | -84.95% |
% of Operating Profit | |||
Other Income/Expense, Net | $1.000K | $36.09K | |
YoY Change | |||
Pretax Income | -$1.779M | -$1.615M | -$101.5K |
YoY Change | 1.7% | 1491.53% | -94.48% |
Income Tax | $13.01K | $34.78K | $2.690K |
% Of Pretax Income | |||
Net Earnings | -$1.792M | -$1.650M | -$104.2K |
YoY Change | 1.89% | 1483.81% | -94.34% |
Net Earnings / Revenue | -161.72% | -148.44% | -1.36% |
Basic Earnings Per Share | -$0.12 | -$0.01 | |
Diluted Earnings Per Share | -$0.11 | -$0.12 | -$8.125K |
COMMON SHARES | |||
Basic Shares Outstanding | 16.82M shares | 13.48M shares | 12.82M shares |
Diluted Shares Outstanding | 13.48M shares | 12.82M shares |
Balance Sheet
Concept | 2023 Q2 | 2023 Q1 | 2022 Q1 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $9.719M | $3.345M | $10.17M |
YoY Change | 64.26% | -67.12% | 93.05% |
Cash & Equivalents | $9.719M | $3.345M | $10.17M |
Short-Term Investments | |||
Other Short-Term Assets | $300.0K | $318.5K | $667.1K |
YoY Change | -6.33% | -52.27% | -13.36% |
Inventory | $2.056M | $2.064M | $3.231M |
Prepaid Expenses | |||
Receivables | $722.0K | $754.6K | $1.159M |
Other Receivables | $0.00 | $0.00 | $0.00 |
Total Short-Term Assets | $12.80M | $6.482M | $15.23M |
YoY Change | 35.74% | -57.44% | 41.29% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $213.0K | $227.6K | $1.631M |
YoY Change | -0.47% | -86.05% | -11.84% |
Goodwill | |||
YoY Change | |||
Intangibles | $165.0K | $154.6K | |
YoY Change | -2.94% | ||
Long-Term Investments | $165.0K | $165.3K | $165.3K |
YoY Change | -0.19% | 0.0% | -2.75% |
Other Assets | $79.00K | $78.60K | $147.0K |
YoY Change | -17.35% | -46.52% | -47.51% |
Total Long-Term Assets | $1.657M | $1.728M | $2.329M |
YoY Change | -14.88% | -25.82% | -9.37% |
TOTAL ASSETS | |||
Total Short-Term Assets | $12.80M | $6.482M | $15.23M |
Total Long-Term Assets | $1.657M | $1.728M | $2.329M |
Total Assets | $14.45M | $8.210M | $17.56M |
YoY Change | 27.08% | -53.25% | 31.54% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $344.0K | $387.2K | $2.609M |
YoY Change | -53.26% | -85.16% | 243.27% |
Accrued Expenses | $548.0K | $869.9K | $876.0K |
YoY Change | 132.2% | -0.7% | 46.01% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $1.945M | $1.395M | $6.698M |
YoY Change | -3.3% | -79.17% | 396.14% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Other Long-Term Liabilities | $785.0K | $828.9K | $1.105M |
YoY Change | -24.39% | -24.96% | -21.1% |
Total Long-Term Liabilities | $785.0K | $828.9K | $1.105M |
YoY Change | -24.39% | -24.96% | -21.1% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $1.945M | $1.395M | $6.698M |
Total Long-Term Liabilities | $785.0K | $828.9K | $1.105M |
Total Liabilities | $2.730M | $2.224M | $7.803M |
YoY Change | -10.48% | -71.5% | 183.73% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$42.00M | -$40.40M | |
YoY Change | 19.74% | ||
Common Stock | $1.346M | $1.079M | |
YoY Change | 30.75% | ||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $11.72M | $5.986M | $9.758M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $14.45M | $8.210M | $17.56M |
YoY Change | 27.08% | -53.25% | 31.54% |
Cashflow Statement
Concept | 2023 Q2 | 2023 Q1 | 2022 Q1 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$1.792M | -$1.650M | -$104.2K |
YoY Change | 1.89% | 1483.81% | -94.34% |
Depreciation, Depletion And Amortization | $18.36K | $15.00K | $33.60K |
YoY Change | -92.25% | -55.36% | 12.0% |
Cash From Operating Activities | -$962.7K | -$1.725M | $2.358M |
YoY Change | -77.39% | -173.14% | -273.4% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $14.14K | $5.760K | -$18.85K |
YoY Change | -158.05% | -130.56% | -81.15% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | |||
YoY Change | |||
Cash From Investing Activities | -$14.14K | -$5.760K | -$18.85K |
YoY Change | -41.95% | -69.44% | -81.15% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | $637.7K | ||
YoY Change | -39.84% | ||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 7.350M | 24.75K | 637.7K |
YoY Change | 19149.9% | -96.12% | -39.84% |
NET CHANGE | |||
Cash From Operating Activities | -962.7K | -1.725M | 2.358M |
Cash From Investing Activities | -14.14K | -5.760K | -18.85K |
Cash From Financing Activities | 7.350M | 24.75K | 637.7K |
Net Change In Cash | 6.373M | -1.706M | 2.977M |
YoY Change | -250.17% | -157.3% | -844.3% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$962.7K | -$1.725M | $2.358M |
Capital Expenditures | $14.14K | $5.760K | -$18.85K |
Free Cash Flow | -$976.8K | -$1.731M | $2.377M |
YoY Change | -76.92% | -172.8% | -288.66% |
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
|
2023-02-28 | ||
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Document Transition Report
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false | ||
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Intangible Assets Net Excluding Goodwill
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|
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Intangible Assets Net Excluding Goodwill
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dei |
Entity File Number
EntityFileNumber
|
001-37863 | ||
dei |
Entity Registrant Name
EntityRegistrantName
|
BIOMERICA, INC. | ||
dei |
Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
|
DE | ||
dei |
Entity Tax Identification Number
EntityTaxIdentificationNumber
|
95-2645573 | ||
dei |
Entity Address Address Line1
EntityAddressAddressLine1
|
17571 Von Karman Avenue | ||
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Irvine | ||
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|
CA | ||
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92614 | ||
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|
949 | ||
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645-2111 | ||
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COMMON STOCK, PAR VALUE $0.08 | ||
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NASDAQ | ||
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BMRA | ||
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Yes | ||
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IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-5309837 | usd | |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-2757889 | usd | |
CY2023Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
34775 | usd |
CY2022Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
2688 | usd |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
37986 | usd | |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
14134 | usd | |
CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-1649859 | usd |
CY2022Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-104168 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-5347823 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-2772023 | usd | |
CY2023Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.12 | |
CY2022Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.01 | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.4 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.22 | ||
CY2023Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.12 | |
CY2022Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.01 | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.4 | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.22 | ||
CY2023Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
13481490 | shares |
CY2022Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
12820481 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
13340958 | shares | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
12611760 | shares | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
13340958 | shares | |
CY2023Q1 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
|
-15498 | usd |
CY2022Q1 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
|
-2538 | usd |
us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
|
-36975 | usd | |
us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
|
-12901 | usd | |
CY2023Q1 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-1665357 | usd |
CY2022Q1 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-106706 | usd |
us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-5384798 | usd | |
us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-2784924 | usd | |
CY2022Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
8324714 | usd |
CY2022Q3 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
13950 | usd |
CY2022Q3 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
1763568 | usd |
CY2022Q3 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
|
-12527 | usd |
CY2022Q3 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
303755 | usd |
CY2022Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-2071876 | usd |
CY2022Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
8321584 | usd |
CY2022Q4 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
65205 | usd |
CY2022Q4 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
172914 | usd |
CY2022Q4 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
|
-8950 | usd |
CY2022Q4 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
318230 | usd |
CY2022Q4 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-1626088 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
7242895 | usd |
CY2023Q1 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
24750 | usd |
CY2023Q1 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
|
-15498 | usd |
CY2023Q1 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
383828 | usd |
CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-1649859 | usd |
CY2023Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
5986116 | usd |
CY2021Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
9227023 | usd |
CY2021Q3 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
3895 | usd |
CY2021Q3 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
800710 | usd |
CY2021Q3 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
|
-5613 | usd |
CY2021Q3 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
319622 | usd |
CY2021Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-1542581 | usd |
CY2021Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
8803056 | usd |
CY2021Q4 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
30585 | usd |
CY2021Q4 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
883413 | usd |
CY2021Q4 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
|
-4750 | usd |
CY2021Q4 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
314397 | usd |
CY2021Q4 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-1125274 | usd |
CY2021Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
8901427 | usd |
CY2022Q1 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
4695 | usd |
CY2022Q1 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
633037 | usd |
CY2022Q1 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
|
-2538 | usd |
CY2022Q1 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
325349 | usd |
CY2022Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-104168 | usd |
CY2022Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
9757802 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-5347823 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-2772023 | usd | |
us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
65640 | usd | |
us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
102272 | usd | |
us-gaap |
Allowance For Doubtful Accounts Receivable Recoveries
AllowanceForDoubtfulAccountsReceivableRecoveries
|
135799 | usd | |
us-gaap |
Allowance For Doubtful Accounts Receivable Recoveries
AllowanceForDoubtfulAccountsReceivableRecoveries
|
817122 | usd | |
us-gaap |
Inventory Lifo Reserve Period Charge
InventoryLIFOReservePeriodCharge
|
-37973 | usd | |
us-gaap |
Inventory Lifo Reserve Period Charge
InventoryLIFOReservePeriodCharge
|
270805 | usd | |
us-gaap |
Stock Option Plan Expense
StockOptionPlanExpense
|
1005813 | usd | |
us-gaap |
Stock Option Plan Expense
StockOptionPlanExpense
|
959368 | usd | |
us-gaap |
Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
|
202275 | usd | |
us-gaap |
Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
|
189696 | usd | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-155058 | usd | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-1113435 | usd | |
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
-390268 | usd | |
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
295980 | usd | |
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-1835 | usd | |
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
296839 | usd | |
us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
-16986 | usd | |
us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
-117171 | usd | |
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-585144 | usd | |
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
2025460 | usd | |
us-gaap |
Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
|
-126487 | usd | |
us-gaap |
Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
|
148388 | usd | |
us-gaap |
Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
|
87343 | usd | |
us-gaap |
Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
|
3213052 | usd | |
bmra |
Increase Decrease In Lease Liability
IncreaseDecreaseInLeaseLiability
|
-203315 | usd | |
bmra |
Increase Decrease In Lease Liability
IncreaseDecreaseInLeaseLiability
|
-180637 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-4511323 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
3777046 | usd | |
us-gaap |
Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
|
113436 | usd | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
63860 | usd | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
32547 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-63860 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-145983 | usd | |
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
2014054 | usd | |
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
2401734 | usd | |
us-gaap |
Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
|
52822 | usd | |
us-gaap |
Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
|
84574 | usd | |
us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
79155 | usd | |
us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
39175 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
2040387 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
2356335 | usd | |
us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
-36975 | usd | |
us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
-12901 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-2571771 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
5974497 | usd | |
CY2022Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
5916983 | usd |
CY2021Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
4199311 | usd |
CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
3345212 | usd |
CY2022Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
10173808 | usd |
us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
37986 | usd | |
us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
13334 | usd | |
us-gaap |
Basis Of Accounting
BasisOfAccounting
|
<p style="FONT-SIZE:11pt; FONT-FAMILY:"Times New Roman",sans-serif; MARGIN:0in 2.7pt 0in 0in; LINE-HEIGHT:normal"><b><span style="FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman",serif">NOTE 1: BASIS OF PRESENTATION</span></b></p><p style="FONT-SIZE:11pt; FONT-FAMILY:"Times New Roman",sans-serif; MARGIN:0in 2.7pt 0in 0in; LINE-HEIGHT:normal"> </p><p style="font-size: 11pt; font-family: 'Times New Roman',sans-serif; text-align: justify; margin: 0in; line-height: normal;"><span style="font-size: 10pt; font-family: 'Times New Roman',serif; color: black;">Biomerica, Inc. and its subsidiaries (which includes wholly owned subsidiaries, Biomerica de Mexico and BioEurope GmbH) is </span><span style="font-size: 10pt; font-family: 'Times New Roman',serif;">a biomedical technology company that develops, patents, manufactures and markets advanced diagnostic and therapeutic products used at the point-of-care </span><span style="font-size: 10pt; font-family: 'Times New Roman',serif; color: black;">(physicians' offices and over-the-counter (“OTC”) through drugstores and online) </span><span style="font-size: 10pt; font-family: 'Times New Roman',serif;">and in hospital/clinical laboratories for detection and/or treatment of medical conditions and diseases</span><span style="font-size: 10pt; font-family: 'Times New Roman',serif; color: black;">. Our diagnostic test kits are used to analyze blood, urine, nasal or fecal material from patients in the diagnosis of various diseases, food intolerances and other medical complications, or to measure the level of specific hormones, antibodies, antigens or other substances, which may exist in the human body in extremely small concentrations. The </span><span style="font-size: 10pt; font-family: 'Times New Roman',serif;">Company's products are designed to enhance the health and well-being of people, while reducing total healthcare costs. </span></p><p style="FONT-SIZE:11pt; FONT-FAMILY:"Times New Roman",sans-serif; TEXT-ALIGN:justify; MARGIN:0in; LINE-HEIGHT:normal"> </p><p style="FONT-SIZE:11pt; FONT-FAMILY:"Times New Roman",sans-serif; TEXT-ALIGN:justify; MARGIN:0in; LINE-HEIGHT:normal"><span style="FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman",serif; COLOR:black">Our primary focus is the research, development, commercialization, and in certain cases regulatory approval, of patented, diagnostic-guided therapy (“DGT”) products based on our InFoods® Technology platform that are designed to treat gastrointestinal diseases, such as irritable bowel syndrome (“IBS”), and other inflammatory diseases. These InFoods® based products are directed at chronic inflammatory illnesses that are widespread and common, and as such address very large markets. The first product we are launching using the patented InFoods Technology is our InFoods® IBS product which uses a simple blood sample and is designed to identify patient-specific foods that, when removed from the diet, may alleviate IBS symptoms such as pain, bloating, diarrhea, cramping and constipation. Instead of broad and difficult-to-manage dietary restrictions, the InFoods® IBS product works by identifying a patient’s above normal immunoreactivity to specific foods. A food identified as causing an abnormal immune response in the patient is simply removed from the diet to help alleviate IBS symptoms. Following the successful completion and positive statistical results from the Company’s InFoods IBS clinical trial (run at several prominent centers including Mayo Clinic, Beth Israel Deaconess Medical Center Inc. - a Harvard Medical School Teaching Hospital, Houston Methodist Hospital, and the University of Michigan) which was completed in early calendar 2022, Biomerica received interest from Gastroenterology (“GI”) physicians who would like to order the InFoods IBS test for their patients even prior to the product receiving FDA clearance. As such, we are currently working with key GI physician groups who are interested in offering this product to their patients. Given this, during the third quarter ended February 28, 2023, we worked to set up the InFoods® IBS test to be performed in a Clinical Laboratory Improvement Amendments (“CLIA”) certified, and College of American Pathologists (“CAP”) accredited high-complexity laboratory facility and offered as a laboratory developed test (“LDT”). During the quarter ended February 28, 2023, the CLIA lab completed all validation testing necessary for the InFoods IBS product to be offered as an LDT and, as of quarter end, is now accepting patient samples. We also worked to optimize the process for GI physicians to order the InFoods IBS test, send patient blood samples to the CLIA lab and receive the test results for their patients. We believe ease of order and workflow for physicians, with easy to understand and actionable results for patients, is critical to our success. During the quarter, we also set up customer service and payment systems, along with a dedicated website for patients to receive answers to questions they may have about the test and attain information about how to eliminate a specific food from their diet. This is especially important for foods that are ingredients in common processed foods like milk, eggs and wheat. As of the end of the fiscal third quarter, the product is now available to physicians and their patients.</span></p><p style="FONT-SIZE:11pt; FONT-FAMILY:"Times New Roman",sans-serif; TEXT-ALIGN:justify; MARGIN:0in; LINE-HEIGHT:normal"> </p><p style="FONT-SIZE:11pt; FONT-FAMILY:"Times New Roman",sans-serif; TEXT-ALIGN:justify; MARGIN:0in; LINE-HEIGHT:normal"><span style="FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman",serif; COLOR:black">Our existing medical diagnostic products are sold worldwide primarily in two markets: 1) clinical laboratories and 2) point-of-care (physicians' offices and OTC at Walmart, Amazon, and Walgreens). The diagnostic test kits are used to analyze blood, urine, nasal or fecal specimens from patients in the diagnosis of various diseases, food intolerances and other medical complications, by measuring or detecting the existence and/or level of specific bacteria, hormones, antibodies, antigens, or other substances, which may exist in a patient’s body, stools, or blood, often in extremely small concentrations.</span></p><p style="FONT-SIZE:11pt; FONT-FAMILY:"Times New Roman",sans-serif; TEXT-ALIGN:justify; MARGIN:0in; LINE-HEIGHT:normal"> </p><p style="FONT-SIZE:11pt; FONT-FAMILY:"Times New Roman",sans-serif; TEXT-ALIGN:justify; MARGIN:0in; LINE-HEIGHT:normal"><span style="FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman",serif">Due to the global 2019 SARS-CoV-2 novel coronavirus pandemic, in March 2020 we began developing COVID-19 products to indicate if a person has been infected by COVID-19 or is currently infected. In fiscal 2022, we generated revenues from the international sale of our COVID-19 antigen tests that use a patient’s nasal fluid sample to detect if the patient is currently infected with the virus. Due to falling demand for such tests, the Company generated 0.4% of our sales during the three months ended February 28, 2023, as compared to 79% of our revenue during the three months ended February 28, 2022.. Further, during the nine months ended February 28, 2023 6% of our sales were generated from our COVID-19 related products, as compared to 80% of our revenue during the nine months ended February 28, 2022. </span></p><p style="FONT-SIZE:11pt; FONT-FAMILY:"Times New Roman",sans-serif; TEXT-ALIGN:justify; MARGIN:0in; LINE-HEIGHT:normal"> </p><p style="FONT-SIZE:11pt; FONT-FAMILY:"Times New Roman",sans-serif; TEXT-ALIGN:justify; MARGIN:0in; LINE-HEIGHT:normal"><span style="FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman",serif">Our non-COVID-19 products that accounted for approximately 94% and 20% of our revenues during the nine months ended February 28, 2023 and 2022, respectively, are primarily focused on gastrointestinal diseases, food intolerances, and certain esoteric tests. These diagnostic test products utilize immunoassay technology. Most of our products are CE marked and/or sold for diagnostic use where they are registered by each country’s regulatory agency. In addition, some products are cleared for sale in the United States by the FDA.</span></p><p style="FONT-SIZE:11pt; FONT-FAMILY:"Times New Roman",sans-serif; TEXT-ALIGN:justify; MARGIN:0in; LINE-HEIGHT:normal"> </p><p style="FONT-SIZE:11pt; FONT-FAMILY:"Times New Roman",sans-serif; TEXT-ALIGN:justify; MARGIN:0in 2.7pt 0in 0in; LINE-HEIGHT:normal"><span style="FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman",serif; COLOR:black">The unaudited condensed consolidated financial statements herein have been prepared by management pursuant to the rules and regulations of the United States Securities and Exchange Commission ("SEC"). The accompanying interim unaudited condensed consolidated financial statements have been prepared under the presumption that users of the interim financial information have either read or have access to the audited consolidated financial statements for the latest fiscal year ended May 31, 2022. Accordingly, certain information and note disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) have been condensed or omitted pursuant to such rules and regulations. In the opinion of management, all adjustments considered necessary for a fair presentation have been included. Operating results for the nine months ended February 28, 2023 are not necessarily indicative of the results that may be expected for the fiscal year ending May 31, 2023. For further information, refer to the audited consolidated financial statements and notes thereto for the fiscal year ended May 31, 2022 included in the Company's Annual Report on Form 10-K filed with the SEC on August 29, 2022. Management has evaluated all subsequent events and transactions through the date of filing this report.</span></p> | ||
us-gaap |
Use Of Estimates
UseOfEstimates
|
<p style="FONT-SIZE:11pt; FONT-FAMILY:"Times New Roman",sans-serif; TEXT-ALIGN:justify; MARGIN:0in 2.7pt 0in 0in; LINE-HEIGHT:normal"><b><span style="FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman",serif">ACCOUNTING ESTIMATES</span></b></p><p style="FONT-SIZE:11pt; FONT-FAMILY:"Times New Roman",sans-serif; TEXT-ALIGN:justify; MARGIN:0in 2.7pt 0in 0in; LINE-HEIGHT:normal"> </p><p style="FONT-SIZE:11pt; FONT-FAMILY:"Times New Roman",sans-serif; TEXT-ALIGN:justify; MARGIN:0in 2.7pt 0in 0in; LINE-HEIGHT:normal"><span style="FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman",serif; COLOR:black">The preparation of the condensed consolidated financial statements in conformity with 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 condensed consolidated financial statements, and the reported amounts of revenues and expenses during the reported period. Estimates that are made include the allowance for doubtful accounts, which is estimated based on current as well as historical experience with a customer; stock option forfeiture rates, which are calculated based on historical data; inventory obsolescence, which is based on projected and historical usage of materials; and lease liability and right-of-use assets, which are calculated based on certain assumptions such as borrowing rate, the likelihood of lease extensions to occur, asset valuation, among other things; and other items that may be necessary to estimate using current, historical and judgment based information. Actual results could materially differ from those estimates. </span></p><p style="FONT-SIZE:11pt; FONT-FAMILY:"Times New Roman",sans-serif; TEXT-ALIGN:justify; MARGIN:0in 2.7pt 0in 0in; LINE-HEIGHT:normal"> </p> | ||
CY2023Q1 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-40400000 | usd |
CY2023Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
3345000 | usd |
bmra |
Working Capital
WorkingCapital
|
5087000 | usd | |
CY2020Q3 | bmra |
Shelf Registration Statement Maximum Authorized Common Stock Issuance Value
ShelfRegistrationStatementMaximumAuthorizedCommonStockIssuanceValue
|
90000000 | usd |
CY2021Q1 | bmra |
Shelf Registration Statement Maximum Authorized Common Stock Issuance Value
ShelfRegistrationStatementMaximumAuthorizedCommonStockIssuanceValue
|
15000000 | usd |
CY2023Q1 | us-gaap |
Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
|
9400000 | shares |
us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<p style="FONT-SIZE:11pt; FONT-FAMILY:"Times New Roman",sans-serif; TEXT-ALIGN:justify; MARGIN:0in 2.7pt 0in 0in; LINE-HEIGHT:normal"><b><span style="FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman",serif">CONCENTRATION OF CREDIT RISK</span></b></p><p style="FONT-SIZE:11pt; FONT-FAMILY:"Times New Roman",sans-serif; TEXT-ALIGN:justify; MARGIN:0in 2.7pt 0in 0in; LINE-HEIGHT:normal"> </p><p style="FONT-SIZE:11pt; FONT-FAMILY:"Times New Roman",sans-serif; TEXT-ALIGN:justify; MARGIN:0in 2.7pt 0in 0in; LINE-HEIGHT:normal"><span style="FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman",serif">The Company’s primary banking partners are Bank of America and Merrill Lynch. The Company maintains cash balances in accounts at financial institutions in excess of amounts insured by federal agencies, as well as substantial cash reserves in investment grade money market accounts and in U.S. treasury bills. <span style="COLOR:black">As of February 28, 2023,</span> the Company had approximately $3,095,000 of uninsured cash. <span style="COLOR:black">The Company does not believe it is exposed to any significant credit risks.</span></span></p><p style="FONT-SIZE:11pt; FONT-FAMILY:"Times New Roman",sans-serif; TEXT-ALIGN:justify; MARGIN:0in 2.7pt 0in 0in; LINE-HEIGHT:normal"> </p><p style="FONT-SIZE:11pt; FONT-FAMILY:"Times New Roman",sans-serif; TEXT-ALIGN:justify; MARGIN:0in 2.7pt 0in 0in; LINE-HEIGHT:normal"><span style="FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman",serif">For <span style="COLOR:black">the </span>three m<span style="COLOR:black">onths ended February 28, 2023,</span> the Company had one key customer who is located in Asia which accounted <span style="COLOR:black">for 22%</span>. For <span style="COLOR:black">the </span>three m<span style="COLOR:black">onths ended February 28, 2022,</span> the Company had three key customers who are located in Asia and the United States which accounted <span style="COLOR:black">for 79% of net consolidated sales</span>. For <span style="COLOR:black">the </span>nine m<span style="COLOR:black">onths ended February 28, 2023,</span> the Company had one key customer who is located in Asia which accounted <span style="COLOR:black">for 38%</span>. For <span style="COLOR:black">the </span>nine m<span style="COLOR:black">onths ended February 28, 2022,</span> the Company had three key customers who are located in Asia and the United States which accounted <span style="COLOR:black">for 75% of net consolidated sales</span>. </span></p><p style="FONT-SIZE:11pt; FONT-FAMILY:"Times New Roman",sans-serif; TEXT-ALIGN:justify; MARGIN:0in 2.7pt 0in 0in; LINE-HEIGHT:normal"> </p><p style="font-size: 11pt; font-family: 'Times New Roman',sans-serif; text-align: justify; margin: 0in 2.7pt 0in 0in; line-height: normal;"><span style="font-size: 10pt; font-family: 'Times New Roman',serif; color: black;">Total gross receivables on February 28, 2023 and May 31, 2022 were approximately </span><span style="font-size: 10pt; font-family: 'Times New Roman',serif;">$772,000 and $927,000, <span style="color: black;">respectively. On February 28, 2023, the Company had two customers which accounted for a total of 44% of gross receivables. On May 31, 2022 the Company had one key customer </span>which accounted for a total of 50% of gross receivables.</span></p><p style="FONT-SIZE:11pt; FONT-FAMILY:"Times New Roman",sans-serif; TEXT-ALIGN:justify; MARGIN:0in 2.7pt 0in 0in; LINE-HEIGHT:normal"> </p><p style="FONT-SIZE:11pt; FONT-FAMILY:"Times New Roman",sans-serif; TEXT-ALIGN:justify; MARGIN:0in 2.7pt 0in 0in; LINE-HEIGHT:normal"><span style="FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman",serif; COLOR:black">For the </span><span style="FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman",serif">three <span style="COLOR:black">months ended February 28, 2023, the</span> Company had two key vendors which accounted for 31% of the purchase of raw materials. <span style="COLOR:black">For the </span>three <span style="COLOR:black">months ended February 28, 2022, the</span> Company had one key vendor which accounted for 92% of the purchase of raw materials.</span></p><p style="FONT-SIZE:11pt; FONT-FAMILY:"Times New Roman",sans-serif; TEXT-ALIGN:justify; MARGIN:0in 2.7pt 0in 0in; LINE-HEIGHT:normal"> </p><p style="FONT-SIZE:11pt; FONT-FAMILY:"Times New Roman",sans-serif; TEXT-ALIGN:justify; MARGIN:0in 2.7pt 0in 0in; LINE-HEIGHT:normal"><span style="FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman",serif; COLOR:black">For the </span><span style="FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman",serif">nine months ended <span style="COLOR:black">February 28, 2023, there was no individual vendor that comprised more than 10% of the Company’s purchases.. For the </span>nine months ended <span style="COLOR:black">February 28, 2022, the </span>Company had one key vendor which accounted for 85% of the purchase of raw materials.</span></p><p style="FONT-SIZE:11pt; FONT-FAMILY:"Times New Roman",sans-serif; TEXT-ALIGN:justify; MARGIN:0in 2.7pt 0in 0in; LINE-HEIGHT:normal"> </p><p style="FONT-SIZE:11pt; FONT-FAMILY:"Times New Roman",sans-serif; TEXT-ALIGN:justify; MARGIN:0in 2.7pt 0in 0in; LINE-HEIGHT:normal"><span style="FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman",serif; COLOR:black">As of February 28, 2023, </span><span style="FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman",serif">the Company had one key vendor which accounted for 18% of accounts payable. As of May 31, 2022, the Company had two key vendors which accounted for 69%.</span></p><p style="FONT-SIZE:11pt; FONT-FAMILY:"Times New Roman",sans-serif; TEXT-ALIGN:justify; MARGIN:0in 2.7pt 0in 0in; LINE-HEIGHT:normal"> </p> | ||
CY2023Q1 | us-gaap |
Cash Uninsured Amount
CashUninsuredAmount
|
3095000 | usd |
CY2023Q1 | us-gaap |
Accounts Receivable Gross
AccountsReceivableGross
|
772000 | usd |
CY2022Q2 | us-gaap |
Accounts Receivable Gross
AccountsReceivableGross
|
927000 | usd |
CY2022Q2 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
782000 | usd |
CY2023Q1 | us-gaap |
Inventory Gross
InventoryGross
|
2872000 | usd |
us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
17000 | usd | |
CY2022 | us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
153000 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
465000 | usd |
CY2023Q1 | us-gaap |
Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
|
318000 | usd |
CY2022Q2 | us-gaap |
Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
|
320000 | usd |
CY2023Q1 | us-gaap |
Inventory Valuation Reserves
InventoryValuationReserves
|
808000 | usd |
CY2022Q2 | us-gaap |
Inventory Valuation Reserves
InventoryValuationReserves
|
846000 | usd |
CY2023Q1 | us-gaap |
Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
|
1714000 | usd |
CY2022Q2 | us-gaap |
Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
|
1717000 | usd |
CY2023Q1 | us-gaap |
Inventory Work In Process
InventoryWorkInProcess
|
924000 | usd |
CY2022Q2 | us-gaap |
Inventory Work In Process
InventoryWorkInProcess
|
763000 | usd |
CY2023Q1 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
234000 | usd |
CY2022Q2 | us-gaap |
Inventory Gross
InventoryGross
|
3262000 | usd |
CY2023Q1 | us-gaap |
Inventory Valuation Reserves
InventoryValuationReserves
|
808000 | usd |
CY2022Q2 | us-gaap |
Inventory Valuation Reserves
InventoryValuationReserves
|
846000 | usd |
CY2023Q1 | us-gaap |
Inventory Net
InventoryNet
|
2064000 | usd |
CY2022Q2 | us-gaap |
Inventory Net
InventoryNet
|
2416000 | usd |
CY2023Q1 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
15000 | usd |
CY2022Q1 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
26000 | usd |
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
51000 | usd | |
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
80000 | usd | |
CY2023Q1 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
3000 | usd |
CY2022Q1 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
8000 | usd |
us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
15000 | usd | |
us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
22000 | usd | |
us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
6000 | usd | |
us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
0 | usd | |
CY2022Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
2321616 | shares |
CY2022Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
3.72 | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
146000 | shares | |
us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
|
3.37 | ||
us-gaap |
Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
46500 | shares | |
us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
|
1.73 | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
|
107750 | shares | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
|
4.76 | ||
CY2023Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
2313366 | shares |
CY2023Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
3.69 | |
us-gaap |
Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
46500 | shares | |
us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
79000 | usd | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
146000 | shares | |
us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
|
3.37 | ||
us-gaap |
Proceeds From Customers
ProceedsFromCustomers
|
138000 | usd | |
CY2023Q1 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
1112000 | usd |
CY2022Q1 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
7660000 | usd |
us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
4231000 | usd | |
us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
13569000 | usd | |
CY2023Q1 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
392000 | usd |
CY2022Q1 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
387000 | usd |
us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
1215000 | usd | |
us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
1317000 | usd | |
CY2023Q1 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
8088000 | usd |
CY2022Q2 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
6967000 | usd |
us-gaap |
Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
|
<p style="FONT-SIZE:11pt; FONT-FAMILY:"Times New Roman",sans-serif; TEXT-ALIGN:justify; MARGIN:0in; LINE-HEIGHT:normal"><b><span style="FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman",serif; COLOR:black">RECLASSIFICATIONS</span></b></p><p style="FONT-SIZE:11pt; FONT-FAMILY:"Times New Roman",sans-serif; TEXT-ALIGN:justify; MARGIN:0in; LINE-HEIGHT:normal"> </p><p style="FONT-SIZE:11pt; FONT-FAMILY:"Times New Roman",sans-serif; TEXT-ALIGN:justify; MARGIN:0in; LINE-HEIGHT:normal"><span style="FONT-SIZE:10pt; FONT-FAMILY:"Times New Roman",serif">Certain comparative figures in the February 28, 2022 condensed consolidated statement of operations have been reclassified to conform to the current period presentation. </span></p> | ||
us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
1 | pure | |
CY2023Q1 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
1112000 | usd |
CY2022Q1 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
7660000 | usd |
us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
4231000 | usd | |
us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
13569000 | usd | |
us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
263000 | usd | |
CY2023Q1 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P3Y6M10D | |
CY2023Q1 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.065 | pure |
CY2023Q1 | us-gaap |
Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
|
360000 | usd |
CY2023Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
|
370000 | usd |
CY2023Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
382000 | usd |
CY2023Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
|
201000 | usd |
CY2023Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
|
0 | usd |
CY2023Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
1313000 | usd |
CY2023Q1 | us-gaap |
Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
|
135000 | usd |
CY2023Q1 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
1178000 | usd |
CY2023Q1 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
usd | |
CY2022Q2 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
usd | |
us-gaap |
Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
|
usd | ||
us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
usd | ||
dei |
Amendment Flag
AmendmentFlag
|
false | ||
dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--05-31 | ||
dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q3 | ||
dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2023 | ||
dei |
Entity Central Index Key
EntityCentralIndexKey
|
0000073290 |