2022 Q3 Form 10-Q Financial Statement

#000149315222022072 Filed on August 11, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022 Q1
Revenue $5.094M $5.023M $22.70M
YoY Change -83.08% -81.64% 13.38%
Cost Of Revenue $767.9K $915.4K $3.282M
YoY Change -76.81% -63.45% 0.37%
Gross Profit $4.327M $4.108M $19.42M
YoY Change -83.85% -83.47% 15.92%
Gross Profit Margin 84.93% 81.78% 85.54%
Selling, General & Admin $5.512M $3.941M $5.574M
YoY Change -23.15% -52.65% 34.97%
% of Gross Profit 127.4% 95.93% 28.71%
Research & Development $5.037M $3.890M $3.771M
YoY Change -14.52% -16.69% 69.88%
% of Gross Profit 116.43% 94.69% 19.42%
Depreciation & Amortization $313.0K $423.8K $247.3K
YoY Change 232.83% 516.78% 253.23%
% of Gross Profit 7.23% 10.32% 1.27%
Operating Expenses $10.86M $8.255M $9.593M
YoY Change -17.46% -36.81% 49.42%
Operating Profit -$6.536M -$4.147M $9.824M
YoY Change -147.95% -135.17% -4.9%
Interest Expense $169.1K -$44.85K -$9.950K
YoY Change -415.8% -132.24% -97.79%
% of Operating Profit -0.1%
Other Income/Expense, Net $3.060M $719.2K $3.277M
YoY Change -5812.95% 416.97%
Pretax Income -$3.476M -$3.428M $13.10M
YoY Change -125.6% -128.73% 32.6%
Income Tax -$2.115M -$741.5K $1.386M
% Of Pretax Income 10.58%
Net Earnings -$1.361M -$2.686M $11.71M
YoY Change -111.86% -127.45% 48.31%
Net Earnings / Revenue -26.72% -53.48% 51.61%
Basic Earnings Per Share -$0.04 -$0.08 $0.35
Diluted Earnings Per Share -$0.04 -$0.08 $337.5K
COMMON SHARES
Basic Shares Outstanding 33.78M shares 32.47M shares 33.94M shares
Diluted Shares Outstanding 31.32M shares 32.47M shares 34.71M shares

Balance Sheet

Concept 2022 Q3 2022 Q2 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $86.49M $96.00M $97.42M
YoY Change 3.08% 32.62% 62.13%
Cash & Equivalents $81.51M $86.05M $97.42M
Short-Term Investments $4.982M $9.952M $0.00
Other Short-Term Assets $1.316M $1.605M $1.354M
YoY Change 171.31% 51.38% 88.0%
Inventory $5.442M $4.706M $4.901M
Prepaid Expenses
Receivables $7.962M $12.26M $21.66M
Other Receivables $705.8K $0.00 $0.00
Total Short-Term Assets $101.9M $114.6M $125.3M
YoY Change -0.36% 26.85% 58.4%
LONG-TERM ASSETS
Property, Plant & Equipment $2.438M $2.421M $2.858M
YoY Change 59.9% 102.98% 180.17%
Goodwill $15.39M $15.39M
YoY Change
Intangibles $26.88M $26.98M
YoY Change
Long-Term Investments $748.7K $877.1K $983.6K
YoY Change -27.6% -31.27% 2.46%
Other Assets
YoY Change
Total Long-Term Assets $45.93M $46.27M $45.81M
YoY Change 1395.23% 1774.11% 2202.16%
TOTAL ASSETS
Total Short-Term Assets $101.9M $114.6M $125.3M
Total Long-Term Assets $45.93M $46.27M $45.81M
Total Assets $147.8M $160.8M $171.2M
YoY Change 40.32% 73.34% 110.99%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.056M $848.4K $1.215M
YoY Change 156.99% 98.62% 81.35%
Accrued Expenses $1.512M $1.819M $2.897M
YoY Change -27.52% -55.55% 69.39%
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 $6.012M $6.716M $13.02M
YoY Change 45.93% 42.02% 202.1%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $3.086M $4.343M $4.548M
YoY Change 185.68% 446.61% 726.84%
Total Long-Term Liabilities $6.883M $9.654M $4.548M
YoY Change 537.15% 1114.93% 726.84%
TOTAL LIABILITIES
Total Short-Term Liabilities $6.012M $6.716M $13.02M
Total Long-Term Liabilities $6.883M $9.654M $4.548M
Total Liabilities $12.90M $16.37M $23.44M
YoY Change 147.98% 196.37% 382.24%
SHAREHOLDERS EQUITY
Retained Earnings $61.84M $63.20M
YoY Change
Common Stock $34.33K $34.31K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $12.99M $2.599M
YoY Change
Treasury Stock Shares 3.414M shares 532.4K shares
Shareholders Equity $134.9M $144.5M $147.7M
YoY Change
Total Liabilities & Shareholders Equity $147.8M $160.8M $171.2M
YoY Change 40.32% 73.34% 110.99%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022 Q1
OPERATING ACTIVITIES
Net Income -$1.361M -$2.686M $11.71M
YoY Change -111.86% -127.45% 48.31%
Depreciation, Depletion And Amortization $313.0K $423.8K $247.3K
YoY Change 232.83% 516.78% 253.23%
Cash From Operating Activities $1.118M $1.654M $7.806M
YoY Change -90.28% -86.68% -36.38%
INVESTING ACTIVITIES
Capital Expenditures -$230.0K -$507.6K -$396.6K
YoY Change 38.81% 109.75% 183.29%
Acquisitions
YoY Change
Other Investing Activities $4.969M -$9.952M $1.255M
YoY Change 379.86% -96250.24% -50.38%
Cash From Investing Activities $4.739M -$10.46M $858.7K
YoY Change 444.84% 4415.44% -64.07%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -10.39M -2.572M 150.0K
YoY Change -189098.0% -972.03% 0.0%
NET CHANGE
Cash From Operating Activities 1.118M 1.654M 7.806M
Cash From Investing Activities 4.739M -10.46M 858.7K
Cash From Financing Activities -10.39M -2.572M 150.0K
Net Change In Cash -4.537M -11.38M 8.815M
YoY Change -136.64% -191.1% -40.48%
FREE CASH FLOW
Cash From Operating Activities $1.118M $1.654M $7.806M
Capital Expenditures -$230.0K -$507.6K -$396.6K
Free Cash Flow $1.348M $2.162M $8.202M
YoY Change -88.45% -82.93% -33.9%

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us-gaap Depreciation And Amortization
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CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Net Income Loss
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us-gaap Net Income Loss
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InventoryNet
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ResearchAndDevelopmentExpense
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us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
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ResearchAndDevelopmentExpense
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us-gaap Concentration Risk Credit Risk
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<p id="xdx_84E_eus-gaap--ConcentrationRiskCreditRisk_zxsGYwdrzQSe" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i><span id="xdx_869_zlEM3t37rM3h">Concentrations Risk and Significant Customers</span></i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company had certain customers which are each responsible for generating <span id="xdx_90B_eus-gaap--ConcentrationRiskPercentage1_pid_dp_uPure_c20220401__20220630__srt--MajorCustomersAxis__custom--CustomersMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsReceivableMember_zaSy5R5SbSb8" title="Concentration risk percentage"><span id="xdx_90C_eus-gaap--ConcentrationRiskPercentage1_pid_dp_uPure_c20220101__20220630__srt--MajorCustomersAxis__custom--CustomersMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsReceivableMember_z62jfSLcM77e" title="Concentration risk percentage">10</span></span>% or more of the total revenue for the three and six months ended June 30, 2022. One customer accounted for approximately <span title="Concentration risk percentage"><span id="xdx_90B_eus-gaap--ConcentrationRiskPercentage1_pid_dp_uPure_c20220401__20220630__srt--MajorCustomersAxis__custom--OneCustomerMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_zuvMHCCXlCng" title="Concentration risk percentage">55</span></span>% of total revenue for the three months ended June 30, 2022, and two customers together accounted for approximately <span title="Concentration risk percentage"><span id="xdx_90F_eus-gaap--ConcentrationRiskPercentage1_pid_dp_uPure_c20220101__20220630__srt--MajorCustomersAxis__custom--TwoCustomersTogetherMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_zVPANSmHaSd3">46</span></span>% of total revenue for the six months ended June 30, 2022. Two customers together accounted for approximately <span title="Concentration risk percentage"><span id="xdx_90E_eus-gaap--ConcentrationRiskPercentage1_pid_dp_uPure_c20210401__20210630__srt--MajorCustomersAxis__custom--TwoCustomersTogetherMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_zlns0Bh3Ggo" title="Concentration risk percentage">68</span></span>% of total revenue for the three months ended June 30, 2021, and three customers together accounted for approximately <span id="xdx_90C_eus-gaap--ConcentrationRiskPercentage1_pid_dp_uPure_c20210101__20210630__srt--MajorCustomersAxis__custom--ThreeCustomersTogetherMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_ziMSDT8hxI93" title="Concentration risk percentage"><span title="Concentration risk percentage">56</span></span>% of total revenue for the six months ended June 30, 2021.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Four customers accounted for more than <span id="xdx_902_eus-gaap--ConcentrationRiskPercentage1_pid_dp_uPure_c20220101__20220630__srt--MajorCustomersAxis__custom--FourCustomersMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsReceivableMember_zfdEaBf5GBLj" title="Concentration risk percentage">10</span>% of accounts receivable at June 30, 2022 and two customers accounted for more than <span id="xdx_904_eus-gaap--ConcentrationRiskPercentage1_pid_dp_uPure_c20210101__20211231__srt--MajorCustomersAxis__custom--TwoCustomersMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsReceivableMember_zucjKlmwl8d5" title="Concentration risk percentage">10</span>% of accounts receivable at December 31, 2021. These customers together accounted for approximately <span id="xdx_90F_eus-gaap--ConcentrationRiskPercentage1_pid_dp_uPure_c20220101__20220630__srt--MajorCustomersAxis__custom--CustomersTogetherMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsReceivableMember_zXxPAySsXa4e" title="Concentration risk percentage">75</span>% and <span id="xdx_906_eus-gaap--ConcentrationRiskPercentage1_pid_dp_uPure_c20210101__20211231__srt--MajorCustomersAxis__custom--CustomersTogetherMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsReceivableMember_zPXLgEGgeY18" title="Concentration risk percentage">66</span>% of accounts receivable at June, 2022 and December 31, 2021, respectively.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"/></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2022Q2 CODX Remeasurement Of Acquisition Contingencies
RemeasurementOfAcquisitionContingencies
78617 usd
CY2022Q1 CODX Gain On Remeasurement Of Acquisition Contingencies
GainOnRemeasurementOfAcquisitionContingencies
64587 usd
CY2021Q4 us-gaap Goodwill
Goodwill
14706818 usd
us-gaap Goodwill Translation And Purchase Accounting Adjustments
GoodwillTranslationAndPurchaseAccountingAdjustments
681728 usd
CY2022Q2 us-gaap Goodwill
Goodwill
15388546 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
27195000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
213333 usd
CY2022Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
26981667 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
27195000 usd
CY2021Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
27195000 usd
CY2021Q4 us-gaap Business Combination Contingent Consideration Liability Noncurrent
BusinessCombinationContingentConsiderationLiabilityNoncurrent
10432641 usd
CODX Contingent Considered Issued For Measurement Period Adjustments
ContingentConsideredIssuedForMeasurementPeriodAdjustments
199359 usd
CODX Contingent Considered Issued For Business Acquisitions
ContingentConsideredIssuedForBusinessAcquisitions
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CY2022Q2 us-gaap Business Combination Contingent Consideration Liability Noncurrent
BusinessCombinationContingentConsiderationLiabilityNoncurrent
6439288 usd
CY2022Q2 us-gaap Warrants And Rights Outstanding Term
WarrantsAndRightsOutstandingTerm
P4Y6M
CY2021Q4 us-gaap Warrants And Rights Outstanding Term
WarrantsAndRightsOutstandingTerm
P5Y
CY2022Q2 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
5023226 usd
CY2021Q2 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
27358140 usd
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
27722270 usd
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
47382909 usd
CY2021Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
150000 usd
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
150000 usd
CODX Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value Exercised
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValueExercised
0.51
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
-2686303 usd
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
9785213 usd
us-gaap Net Income Loss
NetIncomeLoss
9028292 usd
us-gaap Net Income Loss
NetIncomeLoss
17684188 usd
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
32472251 shares
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
28794047 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
32509664 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
28728828 shares
CY2021Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
947218 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
743948 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1105127 shares
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
32472251 shares
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
29741265 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
33253612 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
29833955 shares
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.08
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.34
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.28
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.62
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.08
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.33
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.27
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.59
CY2022Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1391156 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1155136 shares
CY2021Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
931341 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
146133 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1111363 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
2.12
CY2021Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
1.31
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P6Y7M13D
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
70791 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
1.10
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1040572 shares
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
2.19
CY2022Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
1.37
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P6Y4M20D
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
1040572 shares
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
2.19
CY2022Q2 CODX Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value Exercisable
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValueExercisable
1.37
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P6Y4M20D
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
526281 shares
CY2021Q4 CODX Share Based Compensation Arrangement By Share Based Payment Award Non Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionsOutstandingWeightedAverageExercisePrice
8.15
CY2021Q4 CODX Share Based Compensation Arrangement By Share Based Payment Award Non Options Outstanding Weighted Average Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionsOutstandingWeightedAverageFairValue
4.01
CY2021 CODX Sharebased Compensation Arrangement By Sharebased Payment Award Non Options Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardNonOptionsOutstandingWeightedAverageRemainingContractualTerm1
P4Y8M12D
CODX Share Based Compensation Issued For Adjustments To Contingent Purchase Consideration
ShareBasedCompensationIssuedForAdjustmentsToContingentPurchaseConsideration
8719 shares
CODX Issued For Adjustments To Contingent Purchase Consideration Period Weighted Average Exercise Price
IssuedForAdjustmentsToContingentPurchaseConsiderationPeriodWeightedAverageExercisePrice
9.13
CODX Issued For Adjustments To Contingent Purchase Consideration Weighted Average Grant Date Fair Value
IssuedForAdjustmentsToContingentPurchaseConsiderationWeightedAverageGrantDateFairValue
1.88
CODX Issued For Adjustments To Contingent Purchase Consideration Weighted Average Remaining Contractual Term1
IssuedForAdjustmentsToContingentPurchaseConsiderationWeightedAverageRemainingContractualTerm1
P4Y7M6D
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Exercised
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercised
50000 shares
CODX Share Based Compensation Arrangements By Share Based Payment Award Non Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardNonOptionsExercisesInPeriodWeightedAverageExercisePrice
2.00
CODX Share Based Compensation Arrangement By Share Based Payment Award Non Options Exercises In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionsExercisesInPeriodWeightedAverageGrantDateFairValue
1.22
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
485000 shares
CY2022Q2 CODX Share Based Compensation Arrangement By Share Based Payment Award Options Non Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsNonOutstandingWeightedAverageExercisePrice
8.81
CY2022Q2 CODX Sharebased Compensation Arrangement By Sharebased Payment Award Non Options Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardNonOptionsWeightedAverageGrantDateFairValue
2.43
CODX Sharebased Compensation Arrangement By Sharebased Payment Award Non Options Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardNonOptionsOutstandingWeightedAverageRemainingContractualTerm1
P4Y6M
CY2022Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1533286 usd
CY2021Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
927337 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2908381 usd
CY2022Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.216 pure
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
644580 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2440347 usd
CY2022Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-741507 usd
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.067 pure
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210 pure
CY2021Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2145076 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
4130716 usd
CY2022Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
84364 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
170951 usd
CY2022Q2 us-gaap Short Term Lease Cost
ShortTermLeaseCost
88080 usd
us-gaap Short Term Lease Cost
ShortTermLeaseCost
164160 usd
CY2022Q2 us-gaap Lease Cost
LeaseCost
172444 usd
us-gaap Lease Cost
LeaseCost
335111 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
147566 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
303059 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
50774 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
501399 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
12233 usd
CY2022Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
489166 usd
CY2022Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
287900 usd
CY2022Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
201266 usd
CY2022Q2 us-gaap Operating Lease Payments
OperatingLeasePayments
167445 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
321350 usd
CY2022Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P2Y
CY2022Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P2Y
CY2022Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.031 pure
CY2022Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.031 pure
CY2022Q2 us-gaap Operating Leases Future Minimum Payments Remainder Of Fiscal Year
OperatingLeasesFutureMinimumPaymentsRemainderOfFiscalYear
293595 usd
CY2022Q2 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
303059 usd
CY2022Q2 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
50774 usd
CY2022Q2 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
647428 usd
CY2022Q1 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
30000000.0 usd
CY2021Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
-0 shares
CODX Repurchases Of Common Stock
RepurchasesOfCommonStock
532440 shares
CY2022Q2 us-gaap Treasury Stock Shares
TreasuryStockShares
532440 shares

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