2022 Q3 Form 10-Q Financial Statement

#000117184322005764 Filed on August 19, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2021 Q4
Revenue $7.216M $6.945M $12.48M
YoY Change -39.36% -52.27%
Cost Of Revenue $7.267M $7.026M $11.49M
YoY Change -38.71% -52.43%
Gross Profit -$51.00K -$81.00K $990.0K
YoY Change -218.6% -62.84%
Gross Profit Margin -0.71% -1.17% 7.93%
Selling, General & Admin $1.723M $2.576M $2.837M
YoY Change 12.69% -67.69%
% of Gross Profit 286.57%
Research & Development $57.00K $56.00K $75.00K
YoY Change -35.23% -37.08%
% of Gross Profit 7.58%
Depreciation & Amortization $30.00K $0.02 $182.0K
YoY Change 500.0% 566.67%
% of Gross Profit 18.38%
Operating Expenses $1.780M $2.632M $2.912M
YoY Change 10.08% -67.35%
Operating Profit -$1.831M -$2.713M -$1.922M
YoY Change 16.33% -67.23%
Interest Expense $21.00K $29.00K $1.000K
YoY Change 2000.0% 2800.0%
% of Operating Profit
Other Income/Expense, Net -$1.007M $997.0K $1.166M
YoY Change -135.75% -78.38%
Pretax Income -$2.838M -$1.716M -$755.0K
YoY Change -328.32% -53.22%
Income Tax $2.000K -$2.000K $348.0K
% Of Pretax Income
Net Earnings -$2.840M -$1.714M -$1.168M
YoY Change -306.55% -52.99%
Net Earnings / Revenue -39.36% -24.68% -9.36%
Basic Earnings Per Share -$0.08 -$0.05
Diluted Earnings Per Share -$79.27K -$48.24K -$33.03K
COMMON SHARES
Basic Shares Outstanding 35.83M 35.53M 35.33M
Diluted Shares Outstanding

Balance Sheet

Concept 2022 Q3 2022 Q2 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.154M $4.454M $7.173M
YoY Change -75.33% -62.1%
Cash & Equivalents $2.154M $4.454M $7.173M
Short-Term Investments
Other Short-Term Assets $1.623M $1.602M $1.657M
YoY Change -2.11% 246.75% 13.34%
Inventory
Prepaid Expenses
Receivables $2.999M $3.238M $3.439M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $14.38M $15.61M $19.92M
YoY Change -34.1% -35.11% 54.59%
LONG-TERM ASSETS
Property, Plant & Equipment $267.0K $307.0K $375.0K
YoY Change 40.53% 164.66% 525.0%
Goodwill
YoY Change
Intangibles $5.896M $6.440M $7.523M
YoY Change 80.03% 87.32% 194.21%
Long-Term Investments $2.149M $2.216M $2.280M
YoY Change 12.45% 392.44%
Other Assets $466.0K $544.0K $516.0K
YoY Change -63.07% -77.03%
Total Long-Term Assets $10.62M $11.55M $12.71M
YoY Change -18.89% -10.42% 63.34%
TOTAL ASSETS
Total Short-Term Assets $14.38M $15.61M $19.92M
Total Long-Term Assets $10.62M $11.55M $12.71M
Total Assets $25.00M $27.16M $32.63M
YoY Change -28.4% -26.5% 57.89%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $276.0K $567.0K $1.119M
YoY Change -63.2% -44.14% 84.05%
Accrued Expenses $559.0K $554.0K $591.0K
YoY Change 2.95% 18.63%
Deferred Revenue $951.0K $794.0K $1.245M
YoY Change -27.46% -48.41% -13.3%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $6.561M $5.789M $8.821M
YoY Change -34.32% -56.94% 9.96%
LONG-TERM LIABILITIES
Long-Term Debt $123.0K $130.0K $137.0K
YoY Change -8.89% -3.7%
Other Long-Term Liabilities $1.557M $1.748M $1.907M
YoY Change -19.03% -11.67%
Total Long-Term Liabilities $1.680M $1.878M $2.044M
YoY Change -18.37% -11.16%
TOTAL LIABILITIES
Total Short-Term Liabilities $6.561M $5.789M $8.821M
Total Long-Term Liabilities $1.680M $1.878M $2.044M
Total Liabilities $8.241M $7.667M $10.87M
YoY Change -31.6% -50.72% 32.69%
SHAREHOLDERS EQUITY
Retained Earnings -$49.01M -$46.17M -$43.73M
YoY Change 15.13% 5.06% 6.72%
Common Stock $36.00K $36.00K $35.00K
YoY Change 2.86% 2.86% 34.62%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $16.76M $19.49M $21.77M
YoY Change
Total Liabilities & Shareholders Equity $25.00M $27.16M $32.63M
YoY Change -28.4% -26.5% 57.89%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2021 Q4
OPERATING ACTIVITIES
Net Income -$2.840M -$1.714M -$1.168M
YoY Change -306.55% -52.99%
Depreciation, Depletion And Amortization $30.00K $0.02 $182.0K
YoY Change 500.0% 566.67%
Cash From Operating Activities -$2.265M -$1.254M -$2.238M
YoY Change 78.49% -22.83%
INVESTING ACTIVITIES
Capital Expenditures $0.00 $0.00 -$28.00K
YoY Change -100.0% -100.0%
Acquisitions
YoY Change
Other Investing Activities $0.00 $979.0K $658.0K
YoY Change -100.0% -143.03%
Cash From Investing Activities $0.00 $979.0K $630.0K
YoY Change -100.0% -139.22%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 0.000 0.000 0.000
YoY Change
NET CHANGE
Cash From Operating Activities -2.265M -1.254M -2.238M
Cash From Investing Activities 0.000 979.0K 630.0K
Cash From Financing Activities 0.000 0.000 0.000
Net Change In Cash -2.265M -275.0K -1.608M
YoY Change -24.63% -93.33%
FREE CASH FLOW
Cash From Operating Activities -$2.265M -$1.254M -$2.238M
Capital Expenditures $0.00 $0.00 -$28.00K
Free Cash Flow -$2.265M -$1.254M -$2.210M
YoY Change 91.3% -10.68%

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us-gaap Nature Of Operations
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<table border="0" cellpadding="0" cellspacing="0" style="width:100%;font-family:Times New Roman;font-size:12pt;"><tbody><tr><td style="vertical-align:top;width:18pt;"> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;"><b><em style="font: inherit;">1.</em></b></p> </td><td style="vertical-align:top;"> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;"><b>Organization and nature of operations </b></p> </td></tr> </tbody></table> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt 0pt 0pt 18pt;">ZW Data Action Technologies Inc. (the “Company”) was incorporated in the State of Texas in <em style="font: inherit;"> April 2006 </em>and re-domiciled to become a Nevada corporation in <em style="font: inherit;"> October 2006. </em>On <em style="font: inherit;"> June 26, 2009, </em>the Company consummated a share exchange transaction with China Net Online Media Group Limited (the “Share Exchange”), a company organized under the laws of British Virgin Islands (“China Net BVI”). As a result of the Share Exchange, China Net BVI became a wholly owned subsidiary of the Company and the Company is now a holding company, which, through certain contractual arrangements with operating companies in the People’s Republic of China (the “PRC”), is engaged in providing Internet advertising, precision marketing, e-commerce online to offline (<em style="font: inherit;">O2O</em>) advertising and marketing services as well as the related data and technical services to small and medium enterprises (SMEs) in the PRC.</p>
us-gaap Use Of Estimates
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<table border="0" cellpadding="0" cellspacing="0" style="width: 100%; text-indent: 0px;"><tbody><tr style="vertical-align: top;"><td style="width: 18pt;"> </td><td style="width: 18pt;"> <p style="font-family: 'Times New Roman', Times, serif;font-size: 10pt;font-variant:normal;margin:0pt;"><b>c)</b></p> </td><td style="width: auto;"> <p style="font-family: 'Times New Roman', Times, serif;font-size: 10pt;font-variant:normal;margin:0pt;"><b>Use of estimates</b></p> </td></tr> </tbody></table> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; text-align: justify; margin: 0pt 0pt 0pt 36pt;">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the related disclosure of contingent assets and liabilities at the date of these consolidated financial statements, and the reported amounts of revenue and expenses during the reporting period. The Company continually evaluates these estimates and assumptions based on the most recently available information, historical experience and various other assumptions that the Company believes to be reasonable under the circumstances. Since the use of estimates is an integral component of the financial reporting process, actual results could differ from those estimates.</p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p>
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CY2022Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
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CY2022Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
1748000 usd
CY2022Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
2139000 usd
cnet Longterm Lease Cost
LongtermLeaseCost
193000 usd
cnet Longterm Lease Cost
LongtermLeaseCost
124000 usd
CY2022Q2 cnet Longterm Lease Cost
LongtermLeaseCost
103000 usd
CY2021Q2 cnet Longterm Lease Cost
LongtermLeaseCost
87000 usd
us-gaap Short Term Lease Cost
ShortTermLeaseCost
29000 usd
us-gaap Short Term Lease Cost
ShortTermLeaseCost
30000 usd
us-gaap Lease Cost
LeaseCost
222000 usd
us-gaap Lease Cost
LeaseCost
154000 usd
CY2022Q2 us-gaap Lease Cost
LeaseCost
117000 usd
CY2021Q2 us-gaap Lease Cost
LeaseCost
102000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
178000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
259000 usd
CY2022Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P6Y21D
CY2022Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.06 pure
CY2022Q2 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
5692000 usd
CY2021Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
5675000 usd
CY2022Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
2454000 usd
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
2236000 usd
CY2022Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
3238000 usd
CY2021Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
3439000 usd
CY2022Q2 us-gaap Allowance For Notes And Loans Receivable Current
AllowanceForNotesAndLoansReceivableCurrent
617000 usd
CY2021Q4 us-gaap Allowance For Notes And Loans Receivable Current
AllowanceForNotesAndLoansReceivableCurrent
-0 usd
CY2022Q2 cnet Prepayment And Deposit To Suppliers
PrepaymentAndDepositToSuppliers
6303000 usd
CY2021Q4 cnet Prepayment And Deposit To Suppliers
PrepaymentAndDepositToSuppliers
7559000 usd
CY2022Q2 us-gaap Due From Related Parties Current
DueFromRelatedPartiesCurrent
15000 usd
CY2021Q4 us-gaap Due From Related Parties Current
DueFromRelatedPartiesCurrent
90000 usd
CY2022Q2 us-gaap Notes And Loans Receivable Gross Current
NotesAndLoansReceivableGrossCurrent
2197000 usd
CY2021Q4 us-gaap Notes And Loans Receivable Gross Current
NotesAndLoansReceivableGrossCurrent
1646000 usd
CY2022Q2 us-gaap Interest Receivable Current
InterestReceivableCurrent
12000 usd
CY2021Q4 us-gaap Interest Receivable Current
InterestReceivableCurrent
0 usd
CY2022Q2 cnet Staff Advances For Business Operations Current
StaffAdvancesForBusinessOperationsCurrent
10000 usd
CY2021Q4 cnet Staff Advances For Business Operations Current
StaffAdvancesForBusinessOperationsCurrent
11000 usd
CY2022Q2 cnet Other Assets Current Gross
OtherAssetsCurrentGross
2219000 usd
CY2021Q4 cnet Other Assets Current Gross
OtherAssetsCurrentGross
1657000 usd
CY2022Q2 us-gaap Other Assets Current
OtherAssetsCurrent
1602000 usd
CY2021Q4 us-gaap Other Assets Current
OtherAssetsCurrent
1657000 usd
CY2021Q4 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueAmount
2280000 usd
cnet Equity Securities Without Readily Determinable Fair Value Amount Increase From Cash Investments
EquitySecuritiesWithoutReadilyDeterminableFairValueAmountIncreaseFromCashInvestments
0 usd
cnet Equity Securities Without Readily Determinable Fair Value Amount Disposed Of
EquitySecuritiesWithoutReadilyDeterminableFairValueAmountDisposedOf
-0 usd
CY2022Q2 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueAmount
2216000 usd
CY2022Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
2573000 usd
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
2708000 usd
CY2022Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
2266000 usd
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
2333000 usd
CY2022Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
307000 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
375000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
9749000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
2885000 usd
CY2022Q2 cnet Accumulated Impairment Of Intangible Assets Finite Lived
AccumulatedImpairmentOfIntangibleAssetsFiniteLived
424000 usd
CY2022Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
6440000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
9856000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
1887000 usd
CY2021Q4 cnet Accumulated Impairment Of Intangible Assets Finite Lived
AccumulatedImpairmentOfIntangibleAssetsFiniteLived
446000 usd
CY2021Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
7523000 usd
us-gaap Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
P3Y5M23D
CY2022Q2 cnet Accrued Payroll And Other Accruals
AccruedPayrollAndOtherAccruals
163000 usd
CY2021Q4 cnet Accrued Payroll And Other Accruals
AccruedPayrollAndOtherAccruals
389000 usd
CY2022Q2 cnet Turnover Tax And Surcharge Payable Current
TurnoverTaxAndSurchargePayableCurrent
1351000 usd
CY2021Q4 cnet Turnover Tax And Surcharge Payable Current
TurnoverTaxAndSurchargePayableCurrent
1414000 usd
CY2022Q2 cnet Enterprise Income Tax Payable Current
EnterpriseIncomeTaxPayableCurrent
2025000 usd
CY2021Q4 cnet Enterprise Income Tax Payable Current
EnterpriseIncomeTaxPayableCurrent
2120000 usd
CY2022Q2 us-gaap Taxes Payable Current
TaxesPayableCurrent
3376000 usd
CY2021Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
3534000 usd
CY2022Q2 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-987000 usd
CY2021Q2 us-gaap Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
6597000 usd
us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
-0 usd
us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
-0 usd
CY2022Q2 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
-0 usd
CY2021Q2 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
-0 usd
us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
-4000 usd
us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
-40000 usd
CY2022Q2 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
-2000 usd
CY2021Q2 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
-22000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-4000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-40000 usd
CY2022Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-2000 usd
CY2021Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-22000 usd
CY2022Q2 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
12540000 usd
CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
12130000 usd
CY2022Q2 cnet Deferred Tax Assets Leasing Arrangements
DeferredTaxAssetsLeasingArrangements
27000 usd
CY2021Q4 cnet Deferred Tax Assets Leasing Arrangements
DeferredTaxAssetsLeasingArrangements
23000 usd
CY2022Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts
687000 usd
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts
559000 usd
CY2022Q2 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
12831000 usd
CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
12271000 usd
CY2022Q2 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
423000 usd
CY2021Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
441000 usd
CY2021Q4 cnet Operating Loss Carryforwards Taxable Income Deduction Limitations
OperatingLossCarryforwardsTaxableIncomeDeductionLimitations
0.80 pure
CY2022Q2 us-gaap Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
257000 usd
CY2022Q1 us-gaap Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
1244000 usd
CY2021 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
2039000 usd
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-1782000 usd
CY2021Q1 us-gaap Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
10919000 usd
CY2021Q1 us-gaap Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
11921000 usd
CY2020Q4 us-gaap Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
1505000 usd
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-6829000 usd
CY2021Q2 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-4322000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
-4264000 usd
us-gaap Profit Loss
ProfitLoss
-2431000 usd
CY2022Q2 us-gaap Assets
Assets
27157000 usd
CY2021Q4 us-gaap Assets
Assets
32631000 usd
CY2022Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
6945000 usd
CY2022Q2 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
7026000 usd
us-gaap Profit Loss
ProfitLoss
-2959000 usd
cnet Payment To Acquire Long Term Assets
PaymentToAcquireLongTermAssets
1381000 usd
CY2021Q4 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
5001705
CY2021 cnet Class Of Warrant Or Right Outstanding Weighted Average Remaining Contractual Term
ClassOfWarrantOrRightOutstandingWeightedAverageRemainingContractualTerm
P2Y4M9D
CY2021Q4 cnet Class Of Warrant Or Right Exercisable
ClassOfWarrantOrRightExercisable
5001705
CY2021 cnet Class Of Warrant Or Right Exercisable Weighted Average Remaining Contractual Term
ClassOfWarrantOrRightExercisableWeightedAverageRemainingContractualTerm
P2Y4M9D
cnet Class Of Warrant Or Right Issued During Period
ClassOfWarrantOrRightIssuedDuringPeriod
0
CY2022Q2 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
5001705
cnet Class Of Warrant Or Right Outstanding Weighted Average Remaining Contractual Term
ClassOfWarrantOrRightOutstandingWeightedAverageRemainingContractualTerm
P1Y10M9D
CY2022Q2 cnet Class Of Warrant Or Right Outstanding Weighted Average Exercise Price
ClassOfWarrantOrRightOutstandingWeightedAverageExercisePrice
3.02
CY2022Q2 cnet Class Of Warrant Or Right Exercisable
ClassOfWarrantOrRightExercisable
5001705
cnet Class Of Warrant Or Right Exercisable Weighted Average Remaining Contractual Term
ClassOfWarrantOrRightExercisableWeightedAverageRemainingContractualTerm
P1Y10M9D
CY2022Q2 cnet Withholding Tax Rate Pursuant To Eit Law
WithholdingTaxRatePursuantToEITLaw
0.10 pure
CY2022Q2 us-gaap Operating Expenses
OperatingExpenses
2632000 usd
CY2022Q2 us-gaap Depreciation And Amortization
DepreciationAndAmortization
554000 usd
CY2022Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-2713000 usd
CY2022Q2 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-987000 usd
CY2022Q2 us-gaap Profit Loss
ProfitLoss
-1714000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
22947000 usd
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
23882000 usd
us-gaap Operating Expenses
OperatingExpenses
9159000 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
282000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
-10094000 usd
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-6829000 usd
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
14551000 usd
CY2021Q2 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
14769000 usd
CY2021Q2 us-gaap Operating Expenses
OperatingExpenses
8061000 usd
CY2021Q2 us-gaap Depreciation And Amortization
DepreciationAndAmortization
170000 usd
CY2021Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-8279000 usd
CY2021Q2 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-4322000 usd
CY2021Q2 us-gaap Profit Loss
ProfitLoss
-3646000 usd
CY2021Q2 cnet Payment To Acquire Long Term Assets
PaymentToAcquireLongTermAssets
221000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-2431000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-2961000 usd
CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-1714000 usd
CY2021Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-3646000 usd
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
35442345
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
30727546
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
35528776
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
32925488
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.07
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.10
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.05
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.11
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
84000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
6857000 usd
CY2022Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
28000 usd
CY2021Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
6757000 usd

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