2022 Q4 Form 10-K Financial Statement

#000095017023008487 Filed on March 16, 2023

View on sec.gov

Income Statement

Concept 2022 Q4 2022
Revenue $148.2M $692.2M
YoY Change -31.49% -20.77%
Cost Of Revenue $63.55M $322.6M
YoY Change -46.47% -1.84%
Gross Profit $84.62M $369.6M
YoY Change -13.26% -32.19%
Gross Profit Margin 57.11% 53.39%
Selling, General & Admin $93.01M $438.4M
YoY Change -27.34% -30.17%
% of Gross Profit 109.91% 118.63%
Research & Development $14.63M $4.400M
YoY Change -50.61% -4.35%
% of Gross Profit 17.28% 1.19%
Depreciation & Amortization $21.59M $74.85M
YoY Change -9.54% 25.59%
% of Gross Profit 25.52% 20.25%
Operating Expenses $113.9M $572.7M
YoY Change -31.75% -32.0%
Operating Profit -$29.24M -$203.2M
YoY Change -57.78% -31.67%
Interest Expense -$2.194M $3.368M
YoY Change 4669.57% 528.36%
% of Operating Profit
Other Income/Expense, Net $3.888M $958.0K
YoY Change -74.28% -70.1%
Pretax Income -$46.45M -$197.2M
YoY Change -68.78% -19.14%
Income Tax -$1.517M -$3.053M
% Of Pretax Income
Net Earnings -$44.93M -$194.2M
YoY Change -69.22% -14.97%
Net Earnings / Revenue -30.33% -28.05%
Basic Earnings Per Share -$0.63
Diluted Earnings Per Share -$0.15 -$0.63
COMMON SHARES
Basic Shares Outstanding 307.5M
Diluted Shares Outstanding 307.5M

Balance Sheet

Concept 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $80.09M $80.09M
YoY Change -23.03% -23.03%
Cash & Equivalents $80.09M $80.09M
Short-Term Investments
Other Short-Term Assets $39.25M $51.44M
YoY Change -10.24% -16.18%
Inventory $54.06M $54.06M
Prepaid Expenses $13.06M
Receivables $866.0K $866.0K
Other Receivables $0.00 $0.00
Total Short-Term Assets $186.5M $186.5M
YoY Change -37.72% -37.72%
LONG-TERM ASSETS
Property, Plant & Equipment $74.15M $79.18M
YoY Change -34.44% -33.86%
Goodwill $125.2M
YoY Change 0.0%
Intangibles $8.204M
YoY Change -82.31%
Long-Term Investments
YoY Change
Other Assets $9.506M $9.506M
YoY Change -33.35% 24.28%
Total Long-Term Assets $256.9M $256.9M
YoY Change -24.04% -24.04%
TOTAL ASSETS
Total Short-Term Assets $186.5M $186.5M
Total Long-Term Assets $256.9M $256.9M
Total Assets $443.4M $443.4M
YoY Change -30.46% -30.46%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $17.94M $17.94M
YoY Change -62.92% -62.92%
Accrued Expenses $64.43M $66.58M
YoY Change -13.55% -13.34%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $1.250M $1.250M
YoY Change
Total Short-Term Liabilities $184.6M $184.6M
YoY Change -21.84% -21.84%
LONG-TERM LIABILITIES
Long-Term Debt $39.74M $39.74M
YoY Change
Other Long-Term Liabilities $3.979M $7.297M
YoY Change -68.99% -43.13%
Total Long-Term Liabilities $43.71M $47.03M
YoY Change 240.72% 266.58%
TOTAL LIABILITIES
Total Short-Term Liabilities $184.6M $184.6M
Total Long-Term Liabilities $43.71M $47.03M
Total Liabilities $231.9M $231.9M
YoY Change -8.08% -8.08%
SHAREHOLDERS EQUITY
Retained Earnings -$419.2M
YoY Change 86.29%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $211.5M $211.5M
YoY Change
Total Liabilities & Shareholders Equity $443.4M $443.4M
YoY Change -30.46% -30.46%

Cashflow Statement

Concept 2022 Q4 2022
OPERATING ACTIVITIES
Net Income -$44.93M -$194.2M
YoY Change -69.22% -14.97%
Depreciation, Depletion And Amortization $21.59M $74.85M
YoY Change -9.54% 25.59%
Cash From Operating Activities -$10.23M -$47.17M
YoY Change -86.54% -78.08%
INVESTING ACTIVITIES
Capital Expenditures $3.257M $26.49M
YoY Change -119.33% -66.0%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00
YoY Change -100.0%
Cash From Investing Activities -$3.257M -$26.49M
YoY Change -80.67% -78.84%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -722.0K 47.56M
YoY Change -455.67% -87.83%
NET CHANGE
Cash From Operating Activities -10.23M -47.17M
Cash From Investing Activities -3.257M -26.49M
Cash From Financing Activities -722.0K 47.56M
Net Change In Cash -14.21M -26.96M
YoY Change -84.66% -153.68%
FREE CASH FLOW
Cash From Operating Activities -$10.23M -$47.17M
Capital Expenditures $3.257M $26.49M
Free Cash Flow -$13.49M -$73.67M
YoY Change -77.2% -74.87%

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<p style="text-indent:0.0%;font-size:10.0pt;margin-top:12.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">Use of Estimates</span></p><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">The preparation of the consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that impact the amounts reported in the consolidated financial statements and accompanying notes. Significant estimates include, but are not limited to, the useful life and recoverability of long-lived assets, the valuation of warrant liabilities, the recognition and measurement of income tax assets and liabilities, the valuation of intangible assets, impairment of goodwill and intangible assets, and the net realizable value of inventory. The Company bases these estimates on historical experience and on various other assumptions that it believes are reasonable under the circumstances, the results of which form the basis for making judgements about the carrying amounts of assets and liabilities. Actual results could differ from those estimates.</span>
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CY2021Q4 us-gaap Film Monetized On Its Own Capitalized Cost Released
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35936000
CY2022Q4 us-gaap Film Monetized On Its Own Capitalized Cost Production
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175000
CY2021Q4 us-gaap Film Monetized On Its Own Capitalized Cost Production
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3411000
CY2022Q4 us-gaap Film Costs
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CY2021Q4 us-gaap Film Costs
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39347000
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19800000
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100
CY2022 body Film Monetized On Its Own Released Film Maximum Amortization Term
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P3Y
CY2022 us-gaap Film Monetized On Its Own Amortization Expense
FilmMonetizedOnItsOwnAmortizationExpense
24300000
CY2021 us-gaap Film Monetized On Its Own Amortization Expense
FilmMonetizedOnItsOwnAmortizationExpense
14800000
CY2020 us-gaap Film Monetized On Its Own Amortization Expense
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7500000
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52613000
CY2021Q4 us-gaap Goodwill
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CY2021 us-gaap Goodwill Impairment Loss
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52600000
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105050000
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8204000
CY2021Q4 us-gaap Intangible Assets Gross Excluding Goodwill
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105050000
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58683000
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4100000
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5112000
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2713000
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
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379000
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8204000
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20584000
CY2021Q4 us-gaap Employee Related Liabilities Current
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8996000
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14535000
CY2021Q4 body Accrued Coach Costs
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19168000
CY2022Q4 body Accrued Inventory Shipping And Fulfillment Payable
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11687000
CY2021Q4 body Accrued Inventory Shipping And Fulfillment Payable
AccruedInventoryShippingAndFulfillmentPayable
14360000
CY2022Q4 body Accrual Sales And Other Taxes
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4818000
CY2021Q4 body Accrual Sales And Other Taxes
AccrualSalesAndOtherTaxes
5097000
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2207000
CY2021Q4 body Accrued Information Technology
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10150000
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1176000
CY2021Q4 us-gaap Accrued Advertising Current
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4033000
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956000
CY2021Q4 body Accrued Customer Service Expenses Current
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1773000
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8467000
CY2021Q4 us-gaap Other Accrued Liabilities Current
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10948000
CY2022Q4 us-gaap Accrued Liabilities Current
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64430000
CY2021Q4 us-gaap Accrued Liabilities Current
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74525000
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1250000
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1563000
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2500000
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44062000
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1250000
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8988000
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598000
CY2022Q4 us-gaap Long Term Debt Noncurrent
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39735000
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leases facilities under noncancelable operating leases expiring through 2027
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certain equipment under a finance lease expiring in 2024.
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5300000
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6900000
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100000
CY2021Q4 us-gaap Finance Lease Liability
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300000
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100000
CY2021Q4 us-gaap Finance Lease Right Of Use Asset
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300000
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192000
CY2021 us-gaap Finance Lease Right Of Use Asset Amortization
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147000
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147000
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8000
CY2021 us-gaap Finance Lease Interest Expense
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14000
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2150000
CY2021 us-gaap Operating Lease Cost
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CY2020 us-gaap Operating Lease Cost
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9691000
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CY2021 us-gaap Short Term Lease Cost
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649000
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166000
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566000
CY2021 body Variable Lease Costs
VariableLeaseCosts
721000
CY2020 body Variable Lease Costs
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303000
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127000
CY2021 body Short Term Sublease Income
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53000
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2991000
CY2021 us-gaap Lease Cost
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9868000
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8000
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14000
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24000
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2195000
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10254000
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11459000
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153000
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147000
CY2020 us-gaap Finance Lease Principal Payments
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141000
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420000
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2226000
CY2020 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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421000
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P1Y3M18D
CY2021Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
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P2Y3M18D
CY2020Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
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P3Y3M18D
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P2Y10M24D
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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P3Y7M6D
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P4Y
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0.040
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0.040
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0.055
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2289000
CY2022Q4 us-gaap Finance Lease Liability Payments Due Next Twelve Months
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123000
CY2022Q4 body Lease Liability Payments Due Year One
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2412000
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
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2079000
CY2022Q4 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
2000
CY2022Q4 body Lease Liability Payments Due Year Two
LeaseLiabilityPaymentsDueYearTwo
2081000
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
687000
CY2022Q4 body Lease Liability Payments Due Year Three
LeaseLiabilityPaymentsDueYearThree
687000
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
712000
CY2022Q4 body Lease Liability Payments Due Year Four
LeaseLiabilityPaymentsDueYearFour
712000
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
132000
CY2022Q4 body Lease Liability Payments Due Year Five
LeaseLiabilityPaymentsDueYearFive
132000
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
5899000
CY2022Q4 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
125000
CY2022Q4 body Lease Liability Payments Due
LeaseLiabilityPaymentsDue
6024000
CY2022Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
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554000
CY2022Q4 us-gaap Finance Lease Liability Undiscounted Excess Amount
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2000
CY2022Q4 body Lease Liability Undiscounted Excess Amount
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556000
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5345000
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123000
CY2022Q4 body Lease Liability
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5468000
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2025
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22100000
CY2021 us-gaap Increase Decrease In Operating Lease Liability
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28200000
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6500000
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2700000
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1000000.0
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20849000
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1844000
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1385000
CY2022Q4 us-gaap Purchase Obligation Due In Fourth Year
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100000
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150000
CY2022Q4 us-gaap Purchase Obligation
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24328000
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10000000.0
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500000
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10047000
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9578000
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469000
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2000000000
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100000000
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0
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The holder of each Class A Common Stock is entitled to one vote, the holder of each share of Class X Common Stock is entitled to ten votes and except as otherwise required by law, the holder of each share of Class C Common Stock is not entitled to any voting powers.
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111000
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12000
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50000
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50000
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-246000
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44000
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-550000
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-118000
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-118000
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11000
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24000
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-108000
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31000
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31000
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131000
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7400000
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0
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0.529
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0.535
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0.549
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P6Y1M28D
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P6Y2M15D
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P6Y2M19D
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0.63
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4.54
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5.16
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3.19
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22805144
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7747213
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2.17
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CY2022 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
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CY2021Q4 us-gaap Derivative Liability Notional Amount
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CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2022 us-gaap Current Federal Tax Expense Benefit
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CY2021 us-gaap Current Federal Tax Expense Benefit
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CY2020 us-gaap Current Federal Tax Expense Benefit
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CY2022 us-gaap Current State And Local Tax Expense Benefit
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CY2020 us-gaap Current State And Local Tax Expense Benefit
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CY2021 us-gaap Current Foreign Tax Expense Benefit
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CY2021 us-gaap Current Income Tax Expense Benefit
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CY2020 us-gaap Current Income Tax Expense Benefit
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CY2022 us-gaap Deferred Federal Income Tax Expense Benefit
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CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
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CY2020 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2021 us-gaap Deferred Foreign Income Tax Expense Benefit
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CY2020 us-gaap Deferred Foreign Income Tax Expense Benefit
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CY2022 us-gaap Deferred Income Tax Expense Benefit
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CY2021 us-gaap Deferred Income Tax Expense Benefit
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CY2020 us-gaap Deferred Income Tax Expense Benefit
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CY2022 us-gaap Income Tax Expense Benefit
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CY2021 us-gaap Income Tax Expense Benefit
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CY2020 us-gaap Income Tax Expense Benefit
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CY2022Q4 us-gaap Deferred Tax Liabilities
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CY2021Q4 us-gaap Deferred Tax Liabilities
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CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2020 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.210
CY2022 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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0.036
CY2021 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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0.034
CY2020 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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CY2022 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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-0.242
CY2021 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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CY2020 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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CY2022 us-gaap Effective Income Tax Rate Reconciliation Prior Year Income Taxes
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0.014
CY2021 us-gaap Effective Income Tax Rate Reconciliation Prior Year Income Taxes
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0.004
CY2020 us-gaap Effective Income Tax Rate Reconciliation Prior Year Income Taxes
EffectiveIncomeTaxRateReconciliationPriorYearIncomeTaxes
-0.045
CY2022 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent
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-0.011
CY2021 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent
0.006
CY2020 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent
-0.091
CY2022 body Effective Income Tax Rate Reconciliation Nontaxable Gain On Warrant Liability
EffectiveIncomeTaxRateReconciliationNontaxableGainOnWarrantLiability
0.009
CY2021 body Effective Income Tax Rate Reconciliation Nontaxable Gain On Warrant Liability
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0.044
CY2021 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Impairment Losses
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-0.045
CY2021 body Effective Income Tax Rate Reconciliation Nondeductible Expense Benefits Research And Development
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0.005
CY2020 body Effective Income Tax Rate Reconciliation Nondeductible Expense Benefits Research And Development
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0.142
CY2022 us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
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-0.001
CY2021 us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
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-0.001
CY2020 us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
-0.074
CY2022 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.015
CY2021 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.064
CY2020 us-gaap Effective Income Tax Rate Continuing Operations
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-2.477
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
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74038000
CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
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66039000
CY2022Q4 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
18525000
CY2021Q4 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
8939000
CY2022Q4 us-gaap Tax Basis Of Investments Cost For Income Tax Purposes
TaxBasisOfInvestmentsCostForIncomeTaxPurposes
13240000
CY2021Q4 us-gaap Tax Basis Of Investments Cost For Income Tax Purposes
TaxBasisOfInvestmentsCostForIncomeTaxPurposes
14930000
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
10652000
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
9218000
CY2022Q4 body Deferred Tax Assets Capitalized Research Expense
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6057000
CY2022Q4 us-gaap Deferred Tax Assets Goodwill And Intangible Assets
DeferredTaxAssetsGoodwillAndIntangibleAssets
4915000
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeBenefits
4246000
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeBenefits
1210000
CY2022Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Research
DeferredTaxAssetsTaxCreditCarryforwardsResearch
3886000
CY2021Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Research
DeferredTaxAssetsTaxCreditCarryforwardsResearch
2162000
CY2022Q4 body Deferred Tax Assets Lease Obligations
DeferredTaxAssetsLeaseObligations
1663000
CY2021Q4 body Deferred Tax Assets Lease Obligations
DeferredTaxAssetsLeaseObligations
2052000
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
1438000
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
1102000
CY2022Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
2164000
CY2021Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
1962000
CY2022Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
140824000
CY2021Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
107614000
CY2022Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
13377000
CY2021Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
25787000
CY2022Q4 body Deferred Tax Liabilities Content Assets
DeferredTaxLiabilitiesContentAssets
7408000
CY2021Q4 body Deferred Tax Liabilities Content Assets
DeferredTaxLiabilitiesContentAssets
8347000
CY2022Q4 us-gaap Deferred Tax Liabilities Prepaid Expenses
DeferredTaxLiabilitiesPrepaidExpenses
2425000
CY2021Q4 us-gaap Deferred Tax Liabilities Prepaid Expenses
DeferredTaxLiabilitiesPrepaidExpenses
2572000
CY2022Q4 body Deferred Tax Liabilities Rights Of Use Assets
DeferredTaxLiabilitiesRightsOfUseAssets
1231000
CY2021Q4 body Deferred Tax Liabilities Rights Of Use Assets
DeferredTaxLiabilitiesRightsOfUseAssets
1619000
CY2021Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
4345000
CY2022Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
24441000
CY2021Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
42670000
CY2022Q4 body Net D Deferred Tax Assets Before Valuation Allowance
NetDDeferredTaxAssetsBeforeValuationAllowance
116383000
CY2021Q4 body Net D Deferred Tax Assets Before Valuation Allowance
NetDDeferredTaxAssetsBeforeValuationAllowance
64944000
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
116564000
CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
68109000
CY2022Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
181000
CY2021Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
3165000
CY2021Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
568000
CY2020Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
184000
CY2022 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
476000
CY2021 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
384000
CY2022Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
1044000
CY2021Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
568000
CY2022Q4 body Unrecognized Tax Benefits Including Interest And Penalties
UnrecognizedTaxBenefitsIncludingInterestAndPenalties
1044000
CY2021Q4 body Unrecognized Tax Benefits Including Interest And Penalties
UnrecognizedTaxBenefitsIncludingInterestAndPenalties
568000
CY2022 body Employee Benefit Plans
EmployeeBenefitPlans
<p style="text-indent:0.0%;font-size:10.0pt;margin-top:12.0pt;font-family:Times New Roman;margin-bottom:6.0pt;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">Note 20</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">. Employee Benefit Plan</span></p><p style="text-indent:0.0%;font-size:10.0pt;margin-top:6.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">The Company maintains a defined contribution 401(k) plan for the benefit of all employees who have met the eligibility requirements. Participants may contribute up to </span><span style="font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">75</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">% of their eligible compensation, subject only to annual limitations set by the Internal Revenue Service. The Company matches </span><span style="font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">50</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">% of participant contributions, up to </span><span style="font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">6</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">% of the participant’s total compensation. For the years ended </span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">December 31, 2022, 2021 and 2020, the Company recorded expense for matching contributions of </span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">$</span><span style="font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">2.9</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;"> million</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">, </span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">$</span><span style="font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">3.4</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;"> million</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;"> and </span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">$</span><span style="font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">2.0</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;"> million</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">, respectively.</span></p>
CY2022 us-gaap Defined Contribution Plan Maximum Annual Contributions Per Employee Percent
DefinedContributionPlanMaximumAnnualContributionsPerEmployeePercent
0.75
CY2022 us-gaap Defined Contribution Plan Employer Matching Contribution Percent Of Match
DefinedContributionPlanEmployerMatchingContributionPercentOfMatch
0.50
CY2022 us-gaap Defined Contribution Plan Employer Matching Contribution Percent
DefinedContributionPlanEmployerMatchingContributionPercent
0.06
CY2022 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
2900000
CY2021 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
3400000
CY2020 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
2000000.0
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-194192000
CY2021 us-gaap Net Income Loss
NetIncomeLoss
-228382000
CY2020 us-gaap Net Income Loss
NetIncomeLoss
-21432000
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
307489198
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
307489198
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
275358771
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
275358771
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
239540090
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
239540090
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.63
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.63
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.83
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.83
CY2020 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.09
CY2020 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.09
CY2022 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
79354555
CY2021 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
65390709
CY2020 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
71977411
CY2021Q3 us-gaap Related Party Transaction Purchases From Related Party
RelatedPartyTransactionPurchasesFromRelatedParty
5100000
CY2022 dei Auditor Firm
AuditorFirmId
42

Files In Submission

Name View Source Status
0000950170-23-008487-index-headers.html Edgar Link pending
0000950170-23-008487-index.html Edgar Link pending
0000950170-23-008487.txt Edgar Link pending
0000950170-23-008487-xbrl.zip Edgar Link pending
body-20221231.htm Edgar Link pending
body-20221231.xsd Edgar Link pending
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Financial_Report.xlsx Edgar Link pending
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body-20221231_cal.xml Edgar Link unprocessable
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FilingSummary.xml Edgar Link unprocessable
body-20221231_htm.xml Edgar Link completed
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